Financial Analysis

CONTINGENCIES Accounting and Disclosure Framework ASC 450 governs the disclosure and recognition of loss contingencies, including potential losses from litigation, regulatory, tax and other matters. ASC 450 defines a loss contingency as an existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an entity that will ultimately be resolved when one or more future events occur or fail to occur. It imposes different requirements for the recognition and disclosure of loss contingencies based on the likelihood of occurrence of the contingent future event or events. It distinguishes among degrees of likelihood using the following three terms: probable, meaning that the future event or events are likely to occur remote, meaning that the chance of the future event or events occurring is slight reasonably possible, meaning that the chance of the future event or events occurring is more than remote but less than likely These three terms are used below as defined in ASC 450. Accruals . ASC 450 requires accrual for a loss contingency when it is probable that one or more future events will occur confirming the fact of loss and the amount of the loss can be reasonably estimated. In accordance with ASC 450, Citigroup establishes accruals for contingencies, including any litigation, regulatory or tax matters disclosed herein, when Citigroup believes it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. W …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

DEBT Short-Term Borrowings December 31, 2025 2024 In millions of dollars Balance Weighted- average coupon (1) Balance Weighted- average coupon (1) Commercial paper Bank (2) $ 10,050 $ 15,127 Broker-dealer and other (3) 9,891 13,789 Total commercial paper $ 19,941 4.07 % $ 28,916 4.85 % Other borrowings (4) 31,937 3.79 19,589 4.67 Total $ 51,878 $ 48,505 (1) The weighted-average coupon excludes structured notes accounted for at fair value and the effect of hedges. (2) Represents Citibank entities as well as other bank entities. (3) Represents broker-dealer and other non-bank subsidiaries that are consolidated into Citigroup Inc., the parent holding company. (4) Includes borrowings from Federal Home Loan Banks and other market participants. At December 31, 2025 and 2024, collateralized short-term advances from Federal Home Loan Banks were $6.0 billion and $5.0 billion, respectively. Some of Citigroups non-bank subsidiaries have credit facilities with Citigroups subsidiary depository institutions, including Citibank. Borrowings under these facilities are secured in accordance with Section 23A of the Federal Reserve Act. Long-Term Debt Balances at December 31, In millions of dollars Weighted- average coupon (1) Maturities 2025 2024 Citigroup Inc. (2) Senior debt 3.91 % 2026 2098 $ 147,154 $ 133,519 Subordinated debt (3) 5.21 2026 2046 29,068 28,883 Trust preferred securities 10.24 2036 2040 1,633 1,622 Bank (4) Senior debt 4.55 2026 2039 36,481 35,470 Broker-dealer (5) Senior deb …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

FAIR VALUE MEASUREMENT ASC 820-10, Fair Value Measurement , defines fair value, establishes a consistent framework for measuring fair value and requires disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, and therefore represents an exit price. Among other things, the standard requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Under ASC 820-10, the probability of counterparty default is factored into the valuation of derivatives and other positions, and the impact of Citigroups own credit risk is factored into the valuation of derivatives and other liabilities that are measured at fair value. For more information regarding the fair value hierarchy and how the Company measures fair value, see Fair Value in Note 1. The following section describes the valuation methodologies used by the Company to measure various financial instruments. Where appropriate, the description includes details of the valuation models, the key inputs to those models and any significant assumptions. Market Valuation Adjustments The unit of account for a financial instrument is generally the individual financial instrument. The Company applies market valuation adjustments that are consistent with the unit of account, which do not include adjustments d …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in Goodwill were as follows: In millions of dollars Services Markets (1) Banking (1) USPB Wealth All Other Total Balance at December 31, 2022 $ 2,167 $ 5,785 $ 1,034 $ 5,273 $ 4,468 $ 964 $ 19,691 Foreign currency translation 47 85 5 125 1 144 407 Balance at December 31, 2023 $ 2,214 $ 5,870 $ 1,039 $ 5,398 $ 4,469 $ 1,108 $ 20,098 Foreign currency translation (162) (196) (37) (179) (2) (206) (782) Divestitures (2) (16) (16) Balance at December 31, 2024 $ 2,052 $ 5,674 $ 1,002 $ 5,219 $ 4,451 $ 902 $ 19,300 Foreign currency translation 89 159 26 123 2 125 524 Impairment of goodwill (3) (726) (726) Balance at December 31, 2025 $ 2,141 $ 5,833 $ 1,028 $ 5,342 $ 4,453 $ 301 $ 19,098 (1) In 2023, goodwill of approximately $537 million was transferred from Banking to Markets related to business realignment. Prior-period amounts have been revised to conform with the current presentation. See Note 3. (2) Goodwill allocated to the global fiduciary and trust administration services business was classified as HFS during the third quarter of 2024. (3) In connection with the agreed-upon bid received for Banamex, a goodwill impairment of $726 million ($714 million after-tax) was incurred in the Mexico Consumer/SBMM reporting unit of All Other Legacy Franchises during the third quarter. Citi tests for goodwill impairment annually as of October 1 (the annual test) and conducts interim assessments between the annual tests if an event occurs …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

INCOME TAXES Income Tax Provision Details of the Companys income tax provision are presented below: In millions of dollars 2025 2024 2023 Current Federal $ (43) $ (33) $ 41 Non-U.S. 5,140 5,945 5,807 State and local (176) 195 96 Total current income taxes $ 4,921 $ 6,107 $ 5,944 Deferred Federal $ 23 $ (1,227) $ (1,925) Non-U.S. 101 (816) (432) State and local 328 147 (59) Total deferred income taxes $ 452 $ (1,896) $ (2,416) Total Federal $ (20) $ (1,260) $ (1,884) Non-U.S. 5,241 5,129 5,375 State and local 152 342 37 Provision for income tax on continuing operations before noncontrolling interests $ 5,373 $ 4,211 $ 3,528 Provision (benefit) for income taxes on: Discontinued operations $ $ $ Gains (losses) included in AOCI , but excluded from net income 328 1,035 557 Employee stock plans (11) (5) (13) Opening adjustment to Retained earnings (1) 102 Opening adjustment to AOCI (2) 12 (1) Related to the adoption of Financial InstrumentsCredit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. See Accounting Changes in Note 1. (2) Related to the adoption of Financial ServicesInsurance: Targeted Improvements to the Accounting for Long-Duration Contracts . See Accounting Changes in Note 1. Tax Rate The reconciliation of the federal statutory income tax rate to the Companys effective income tax rate applicable to income from continuing operations (before noncontrolling interests and the cumulative effect of accounting changes) for each of the periods indicate …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

LEASES The Companys operating leases, where Citi is a lessee, include real estate, such as office space and branches, and various types of equipment. These leases may contain renewal and extension options and early termination features; however, these options do not impact the lease term unless the Company is reasonably certain that it will exercise options. These leases have a weighted-average remaining lease term of approximately 7 years as of December 31, 2025 and 6.5 years as of December 31, 2024. For additional information regarding Citis leases, see Leases in Note 1. The following table presents information on the right-of-use (ROU) asset and lease liabilities included in Premises and equipment and Other liabilities , respectively: In millions of dollars December 31, 2025 December 31, 2024 ROU asset $ 3,009 $ 2,836 Lease liability 3,163 3,013 The Company recognizes fixed lease costs on a straight-line basis throughout the lease term in the Consolidated Statement of Income. In addition, variable lease costs are recognized in the period in which the obligation for those payments is incurred. The following table presents the total operating lease expense (principally for offices, branches and equipment) included in the Consolidated Statement of Income: In millions of dollars Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2023 Operating lease expense $ 817 $ 842 $ 842 Variable lease expense 195 204 208 Total lease costs (1) $ 1,012 $ 1,046 $ 1,050 (1) Balances do not include $10 mill …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

ACCOUNTING CHANGES Income Taxes (Topic 740): Improvements to Income Tax Disclosures In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , intended to enhance the transparency and decision usefulness of income tax disclosures. This guidance requires that public business entities disclose on an annual basis a tabular rate reconciliation in eight specific categories disaggregated by nature and for foreign tax effects by each jurisdiction that meets a 5% of pretax income multiplied by the applicable statutory tax rate or greater threshold annually. The eight categories include state and local income taxes, net of federal income tax effect; foreign tax effects; enactment of new tax laws; enactment of new tax credits; effect of cross-border tax laws; valuation allowances; nontaxable items and nondeductible items; and changes in unrecognized tax benefits. Additional disclosures include qualitative description of the state and local jurisdictions that contribute to the majority (greater than 50%) of the effect of the state and local income tax category and explanation of the nature and effect of changes in individual reconciling items. The guidance also requires entities annually to disclose income taxes paid (net of refunds received) disaggregated by federal, state and foreign taxes and by jurisdiction identified based on the same 5% quantitative thres …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

RETIREMENT BENEFITS Pension and Postretirement Benefit Plans The Company has several non-contributory defined benefit pension plans covering certain U.S. employees and has various defined benefit pension and termination indemnity plans covering employees outside the U.S. The U.S. qualified defined benefit pension plan was frozen effective January 1, 2008 for most employees. Accordingly, no additional compensation-based contributions have been credited to the cash balance portion of the plan for existing plan participants after 2007. However, certain employees covered under the prior final pay plan formula continue to accrue benefits. The Company also offers postretirement health care and life insurance benefits to certain eligible U.S. retired employees, as well as to certain eligible employees outside the U.S. The Company also sponsors a number of non-contributory, nonqualified pension plans. These plans, which are unfunded, provide supplemental defined pension benefits to certain U.S. employees. With the exception of certain employees covered under the prior final pay plan formula, the benefits under these plans were frozen in prior years. Prior to 2025, the plan obligations, plan assets and plan expense (benefit) for the Companys most significant pension and postretirement benefit plans (Significant Plans) were measured and disclosed quarterly, instead of annually. The Significant Plans captured approximately 90% of the Companys global pension and postretirement benefit pl …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

RESTRUCTURING As previously disclosed, Citi is pursuing various initiatives to simplify the Company and further align its organizational structure with its business strategy. As part of its overall simplification initiatives, in the fourth quarter of 2023, Citi eliminated the previous Institutional Clients Group and Personal Banking and Wealth Management layers, exited certain institutional business lines and consolidated its regional structure, creating one international group, while centralizing client capabilities and streamlining its global staff functions. Citi has recorded net restructuring charges of approximately $1.026 billion program to date. Restructuring charges are recorded as a separate line item within Operating expenses in the Companys Consolidated Statement of Income. These charges were included within All Other Corporate/Other. The following costs associated with these initiatives are included in restructuring charges: Personnel costs: severance costs associated with actual headcount reductions (as well as those that were probable and could be reasonably estimated) Other: costs associated with contract terminations and other direct costs associated with the restructuring, including asset write-downs (non-cash write-downs of capitalized software, which are included in Premises and equipment related to exited businesses) The following table is a rollforward of the liability related to the restructuring charges: In millions of dollars Personnel costs Other Tota …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

REPORTABLE BUSINESS SEGMENTS AND ALL OTHER The reportable business segments (segments) and All Other reflect how the CEO, who is the chief operating decision maker (CODM), manages the Company, including allocating resources and measuring performance. Citi is organized into five reportable business segments: Services , Markets , Banking , Wealth and U.S. Personal Banking (USPB) , with the remaining operations recorded in All Other , which includes activities not assigned to a specific segment, as well as discontinued operations. All Other results are presented on a managed basis that excludes divestiture-related impacts related to (i) Citis divestitures of its Asia consumer banking businesses and (ii) the ongoing divestiture of Banamex within All Other Legacy Franchises. The managed basis presents investors with a view of operating earnings that provides increased transparency and clarity into the operational results of Citis performance; improves the visibility of management decisions and their impacts on operational performance; enables better comparison to peer companies; and allows Citi to provide a long-term strategic view of the business going forward. The following is a description of each of Citis reportable operating segments, and the products and services they provide to their respective client bases. Services Services includes Treasury and Trade Solutions (TTS) and Securities Services. TTS provides an integrated suite of tailored cash management, payments and trade …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

PREFERRED STOCK The following table summarizes the Companys preferred stock outstanding: Dividend rate as of December 31, 2025 Redemption price per depositary share Carrying value (in millions of dollars) Issuance date Redeemable by issuer beginning Number of depositary shares December 31, 2025 December 31, 2024 Series P (1) April 24, 2015 May 15, 2025 N/A $ 1,000 2,000,000 $ $ 2,000 Series T (2) April 25, 2016 August 15, 2026 6.250 % 1,000 1,500,000 1,500 1,500 Series V (3) January 23, 2020 January 30, 2025 N/A 1,000 1,500,000 1,500 Series W (4) December 10, 2020 December 10, 2025 N/A 1,000 1,500,000 1,500 Series X (5) February 18, 2021 February 18, 2026 3.875 1,000 2,300,000 2,300 2,300 Series Y (6) October 27, 2021 November 15, 2026 4.150 1,000 1,000,000 1,000 1,000 Series Z (7) March 7, 2023 May 15, 2028 7.375 1,000 1,250,000 1,250 1,250 Series AA (8) September 21, 2023 November 15, 2028 7.625 1,000 1,500,000 1,500 1,500 Series BB (9) March 6, 2024 May 15, 2029 7.200 1,000 550,000 550 550 Series CC (10) May 29, 2024 August 15, 2029 7.125 1,000 1,750,000 1,750 1,750 Series DD (11) July 30, 2024 August 15, 2034 7.000 1,000 1,500,000 1,500 1,500 Series EE (12) December 3, 2024 February 15, 2030 6.750 1,000 1,500,000 1,500 1,500 Series FF (13) February 12, 2025 February 15, 2030 6.950 1,000 2,000,000 2,000 Series GG (14) July 23, 2025 August 15, 2030 6.875 1,000 2,700,000 2,700 Series HH (15) December 10, 2025 February 15, 2031 6.625 1,000 2,500,000 2,500 $ 20,050 $ 17,850 (1 …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

CONTINGENCIES The following information supplements and amends, as applicable, the disclosures in Note 27 to the Consolidated Financial Statements of Citigroups Second Quarter of 2025 Form 10-Q, Note 27 to the Consolidated Financial Statements of Citigroups First Quarter of 2025 Form 10-Q and Note 30 to the Consolidated Financial Statements in Citis 2024 Form 10-K. For purposes of this Note, Citigroup, its affiliates and subsidiaries and current and former officers, directors, and employees, are sometimes collectively referred to as Citigroup and Related Parties. In accordance with ASC 450, Citigroup establishes accruals for contingencies, including any litigation, regulatory, or tax matters disclosed herein, when Citigroup believes it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. Once established, accruals are adjusted from time to time, as appropriate, in light of additional information. The amount of loss ultimately incurred in relation to those matters may be substantially higher or lower than the amounts accrued for those matters. With respect to previously incurred loss contingencies for which recovery is expected, Citi applies loss recovery accounting when disputes and uncertainties affecting recognition are resolved. If Citigroup has not accrued for a matter because the matter does not meet the criteria for accrual (as set forth above), or Citigroup believes an exposure to loss exists in excess of the amount accrued …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

DEBT For additional information regarding Citis short-term borrowings and long-term debt, see Note 19 to the Consolidated Financial Statements in Citis 2024 Form 10-K. Short-Term Borrowings In millions of dollars September 30, 2025 December 31, 2024 Commercial paper Bank (1) $ 13,139 $ 15,127 Broker-dealer and other (2) 6,252 13,789 Total commercial paper $ 19,391 $ 28,916 Other borrowings (3) 35,369 19,589 Total $ 54,760 $ 48,505 (1) Represents Citibank entities as well as other bank entities. (2) Represents broker-dealer and other non-bank subsidiaries that are consolidated into Citigroup Inc., the parent holding company. (3) Includes borrowings from Federal Home Loan Banks and other market participants. At September 30, 2025 and December 31, 2024, collateralized short-term advances from Federal Home Loan Banks were $6.0 billion and $5.0 billion, respectively. Long-Term Debt In millions of dollars September 30, 2025 December 31, 2024 Citigroup Inc. (1) $ 174,661 $ 164,024 Bank (2) 40,489 35,470 Broker-dealer and other (3) 100,696 87,806 Total $ 315,846 $ 287,300 (1) Represents the parent holding company. (2) Represents Citibank entities as well as other bank entities. At September 30, 2025 and December 31, 2024, collateralized long-term advances from the Federal Home Loan Banks were $6.0 billion and $8.5 billion, respectively. (3) Represents broker-dealer and other non-bank subsidiaries that are consolidated into Citigroup Inc., the parent holding company. Certain Citigroup …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

FAIR VALUE MEASUREMENT For additional information regarding fair value measurement at Citi, see Note 26 to the Consolidated Financial Statements in Citis 2024 Form 10-K. Fair Value Hierarchy Principles ASC 820-10 specifies a hierarchy of inputs based on whether the inputs are observable or unobservable. Observable inputs are developed using market data and reflect market participant assumptions, while unobservable inputs reflect the Companys market assumptions. These two types of inputs have created the following fair value hierarchy: Level 1: Quoted prices for identical instruments in active markets. Level 2: Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which all significant inputs and value drivers are observable in the market. Level 3: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable . As required under the fair value hierarchy, the Company considers relevant and observable market inputs in its valuations where possible. The fair value hierarchy classification approach typically utilizes rules-based and data-driven criteria to determine whether an instrument is classified as Level 1, Level 2 or Level 3: The determination of whether an instrument is quoted in an active market and therefore considered a Level 1 instrument is based on the frequency of observed transaction …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in Goodwill were as follows: In millions of dollars Services Markets Banking USPB Wealth All Other Total Balance at December 31, 2024 $ 2,052 $ 5,674 $ 1,002 $ 5,219 $ 4,451 $ 902 $ 19,300 Foreign currency translation 11 75 3 16 17 122 Balance at March 31, 2025 $ 2,063 $ 5,749 $ 1,005 $ 5,235 $ 4,451 $ 919 $ 19,422 Foreign currency translation 109 171 20 71 2 83 456 Balance at June 30, 2025 $ 2,172 $ 5,920 $ 1,025 $ 5,306 $ 4,453 $ 1,002 $ 19,878 Foreign currency translation (19) (49) 1 21 20 (26) Impairment of goodwill (1) (726) (726) Balance at September 30, 2025 $ 2,153 $ 5,871 $ 1,026 $ 5,327 $ 4,453 $ 296 $ 19,126 (1) In connection with the agreed-upon bid received for Banamex, a goodwill impairment of $726 million ($714 million after-tax) was incurred in the Mexico Consumer/SBMM reporting unit of All Other Legacy Franchises during the third quarter. Citi tests for goodwill impairment annually as of October 1 (the annual test) and conducts interim assessments between the annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. Citi performed an interim goodwill impairment test in the third quarter of 2025, in connection with the agreed-upon bid received for Banamex. The test resulted in an impairment of $726 million ($714 million after-tax) in the Mexico Consumer/SBMM reporting unit within All Other Legacy Franchises, rec …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

LEASES The Companys operating leases, where Citi is a lessee, include real estate, such as office space and branches, and various types of equipment. These leases may contain renewal and extension options and early termination features; however, these options do not impact the lease term unless the Company is reasonably certain that it will exercise options. These leases have a weighted-average remaining lease term of approximately seven years as of September 30, 2025. For additional information regarding Citis leases, see Notes 1 and 29 to the Consolidated Financial Statements in Citis 2024 Form 10-K. The following table presents information on the right-of-use (ROU) asset and lease liabilities included in Premises and equipment and Other liabilities , respectively: In millions of dollars September 30, 2025 December 31, 2024 ROU asset $ 3,048 $ 2,836 Lease liability 3,203 3,013 The Company recognizes fixed lease costs on a straight-line basis throughout the lease term in the Consolidated Statement of Income. In addition, variable lease costs are recognized in the period in which the obligation for those payments is incurred. …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

ACCOUNTING CHANGES Income Taxes (Topic 740): Improvements to Income Tax Disclosures In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , intended to enhance the transparency and decision usefulness of income tax disclosures. This guidance requires that public business entities disclose on an annual basis a tabular rate reconciliation in eight specific categories disaggregated by nature and for foreign tax effects by each jurisdiction that meets a 5% of pretax income multiplied by the applicable statutory tax rate or greater threshold annually. The eight categories include state and local income taxes, net of federal income tax effect; foreign tax effects; enactment of new tax laws; enactment of new tax credits; effect of cross-border tax laws; valuation allowances; nontaxable items and nondeductible items; and changes in unrecognized tax benefits. Additional disclosures include qualitative description of the state and local jurisdictions that contribute to the majority (greater than 50%) of the effect of the state and local income tax category and explanation of the nature and effect of changes in individual reconciling items. The guidance also requires entities annually to disclose income taxes paid (net of refunds received) disaggregated by federal, state and foreign taxes and by jurisdiction identified based on the same 5% quantitative thres …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

RETIREMENT BENEFITS For additional information on Citis retirement benefits, see Note 8 to the Consolidated Financial Statements in Citis 2024 Form 10-K. Citigroup remeasures its significant pension and postretirement benefits plans obligations and assets by updating plan actuarial assumptions when certain conditions are met to trigger interim remeasurement. No interim remeasurement occurred for the first, second and third quarters of 2025. Net Expense (Benefit) The following table summarizes the components of net expense (benefit) recognized in the Consolidated Statement of Income for the Companys pension and postretirement benefit plans for Significant Plans and All Other Plans. Service cost is reported in Compensation and benefits expenses and all other components of the net periodic benefit cost are reported in Other operating expenses in the Consolidated Statement of Income. Three Months Ended September 30, Pension plans Postretirement benefit plans U.S. plans Non-U.S. plans U.S. plans Non-U.S. plans In millions of dollars 2025 2024 2025 2024 2025 2024 2025 2024 Service cost $ $ $ 28 $ 28 $ $ $ 1 $ Interest cost on benefit obligation 119 119 108 105 4 4 30 25 Expected return on assets (150) (150) (96) (80) (3) (3) (19) (19) Amortization of unrecognized: Prior service cost (benefit) (1) (1) (2) (2) (2) (1) Net actuarial loss (gain) 49 43 17 18 (3) (2) 3 3 Settlement loss (1) 4 Total net expense (benefit) $ 18 $ 12 $ 56 $ 74 $ (4) $ (3) $ 13 $ 8 Nine Months Ended September …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

RESTRUCTURING As previously disclosed, Citi is pursuing various initiatives to simplify the Company and further align its organizational structure with its business strategy. As part of its overall simplification initiatives, in the fourth quarter of 2023, Citi eliminated the previous Institutional Clients Group and Personal Banking and Wealth Management layers, exited certain institutional business lines, and consolidated its regional structure, creating one international group, while centralizing client capabilities and streamlining its global staff functions. Citi has recorded net restructuring charges of approximately $1.030 billion program to date. Restructuring charges are recorded as a separate line item within Operating expenses in the Companys Consolidated Statement of Income. These charges were included within All Other Corporate/Other. The following costs associated with these initiatives are included in restructuring charges: Personnel costs: severance costs associated with actual headcount reductions (as well as those that were probable and could be reasonably estimated) Other: costs associated with contract terminations and other direct costs associated with the restructuring, including asset write-downs (non-cash write-downs of capitalized software, which are included in Premises and equipment related to exited businesses) The following table is a rollforward of the liability related to the restructuring charges: In millions of dollars Personnel costs Other Tot …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

REPORTABLE BUSINESS SEGMENTS AND ALL OTHER The reportable business segments (segments) and All Other reflect how the CEO, who is the chief operating decision maker (CODM), manages the Company, including allocating resources and measuring performance. Citi is organized into five reportable business segments: Services , Markets , Banking , Wealth and U.S. Personal Banking (USPB) , with the remaining operations recorded in All Other , which includes activities not assigned to a specific segment, as well as discontinued operations. See segment details in Note 3 to the Consolidated Financial Statements in Citis 2024 Form 10-K. Revenues and expenses directly associated with each segment or line of business are included in determining respective operating results. Other revenues and expenses that are attributable to a particular segment or All Other are generally allocated from Corporate/Other within All Other based on respective net revenues, non-interest expenses or other relevant measures. Revenues and expenses from transactions with other segments and All Other are treated as transactions with external parties for purposes of segment disclosures, while funding charges paid by segments and funding credits received by Corporate Treasury within All Other are included in net interest income. The Company includes intersegment eliminations from Corporate/Other within All Other to reconcile the segment results to Citis consolidated results. The accounting policies of these segments and …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

PREFERRED STOCK The following table summarizes the Companys preferred stock outstanding: Dividend rate as of September 30, 2025 Redemption price per depositary share/preference share Carrying value (in millions of dollars) Issuance date Redeemable by issuer beginning Number of depositary shares September 30, 2025 December 31, 2024 Series P (1) April 24, 2015 May 15, 2025 N/A $ 1,000 2,000,000 $ $ 2,000 Series T (2) April 25, 2016 August 15, 2026 6.250 % 1,000 1,500,000 1,500 1,500 Series V (3) January 23, 2020 January 30, 2025 N/A 1,000 1,500,000 1,500 Series W (4) December 10, 2020 December 10, 2025 4.000 1,000 1,500,000 1,500 1,500 Series X (5) February 18, 2021 February 18, 2026 3.875 1,000 2,300,000 2,300 2,300 Series Y (6) October 27, 2021 November 15, 2026 4.150 1,000 1,000,000 1,000 1,000 Series Z (7) March 7, 2023 May 15, 2028 7.375 1,000 1,250,000 1,250 1,250 Series AA (8) September 21, 2023 November 15, 2028 7.625 1,000 1,500,000 1,500 1,500 Series BB (9) March 6, 2024 May 15, 2029 7.200 1,000 550,000 550 550 Series CC (10) May 29, 2024 August 15, 2029 7.125 1,000 1,750,000 1,750 1,750 Series DD (11) July 30, 2024 August 15, 2034 7.000 1,000 1,500,000 1,500 1,500 Series EE (12) December 3, 2024 February 15, 2030 6.750 1,000 1,500,000 1,500 1,500 Series FF (13) February 12, 2025 February 15, 2030 6.950 1,000 2,000,000 2,000 Series GG (14) July 23, 2025 August 15, 2030 6.875 1,000 2,700,000 2,700 $ 19,050 $ 17,850 (1) Citi redeemed Series P in its entirety on May 15, …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing