XML 47 R23.htm IDEA: XBRL DOCUMENT
v3.25.3

ALLOWANCE FOR CREDIT LOSSES | 9 Months Ended
--- | ---
Sep. 30, 2025
Credit Loss [Abstract] |
ALLOWANCE FOR CREDIT LOSSES | ALLOWANCE FOR CREDIT LOSSES
| Three Months Ended September 30, | Nine Months Ended September 30,
In millions of dollars | 2025 | 2024 | 2025 | 2024
Allowance for credit losses on loans (ACLL) at beginning of period | $ | 19,123 |  | $ | 18,216 |  | $ | 18,574 |  | $ | 18,145 |
Gross credit losses on loans | (2,726) |  | (2,609) |  | (8,375) |  | (8,014) |
Gross recoveries on loans | 512 |  | 437 |  | 1,468 |  | 1,256 |
Net credit losses (NCLs) on loans | $ | (2,214) |  | $ | (2,172) |  | $ | (6,907) |  | $ | (6,758) |
Replenishment of NCLs | $ | 2,214 |  | $ | 2,172 |  | $ | 6,907 |  | $ | 6,758 |
Net reserve builds (releases) for loans | (10) |  | 254 |  | 466 |  | 636 |
Net specific reserve builds (releases) for loans | 55 |  | (44) |  | (76) |  | (231) |
Total provision for credit losses on loans (PCLL) | $ | 2,259 |  | $ | 2,382 |  | $ | 7,297 |  | $ | 7,163 |
Initial allowance for credit losses on newly purchased credit-deteriorated assets during the period(1) | — |  | 23 |  | — |  | 23 |
Other, net (see table below) | 38 |  | (93) |  | 242 |  | (217) |
ACLL at end of period | $ | 19,206 |  | $ | 18,356 |  | $ | 19,206 |  | $ | 18,356 |
Allowance for credit losses on unfunded lending commitments (ACLUC) at beginning of period(2) | $ | 1,721 |  | $ | 1,619 |  | $ | 1,601 |  | $ | 1,728 |
Provision (release) for credit losses on unfunded lending commitments | 100 |  | 105 |  | 189 |  | (1) |
Other, net | (1) |  | 1 |  | 30 |  | (2) |
ACLUC at end of period(2) | $ | 1,820 |  | $ | 1,725 |  | $ | 1,820 |  | $ | 1,725 |
Total ACLL and ACLUC | $ | 21,026 |  | $ | 20,081 |  | $ | 21,026 |  | $ | 20,081 |
Allowance for credit losses on other assets at beginning of period(3) | $ | 2,699 |  | $ | 1,911 |  | $ | 1,865 |  | $ | 1,788 |
NCLs on other assets | (7) |  | (6) |  | (25) |  | (21) |
Provision (release) for credit losses on other assets | 79 |  | 110 |  | 499 |  | 226 |
Other, net(4) | (150) |  | (146) |  | 282 |  | (124) |
Allowance for credit losses on other assets at end of period(3) | $ | 2,621 |  | $ | 1,869 |  | $ | 2,621 |  | $ | 1,869 |
Allowance for credit losses on HTM debt securities at beginning of period | $ | 136 |  | $ | 99 |  | $ | 137 |  | $ | 95 |
Provision (release) for credit losses on HTM debt securities | (5) |  | 50 |  | (3) |  | 55 |
Other, net | — |  | (8) |  | (3) |  | (9) |
Allowance for credit losses on HTM debt securities at end of period | $ | 131 |  | $ | 141 |  | $ | 131 |  | $ | 141 |
Total ACL | $ | 23,778 |  | $ | 22,091 |  | $ | 23,778 |  | $ | 22,091 |
Other, net details (ACLL) | Three Months Ended September 30, | Nine Months Ended September 30,
In millions of dollars | 2025 | 2024 | 2025 | 2024
Reclasses of consumer ACLL to HFS(5) | $ | — |  | $ | — |  | $ | (29) |  | $ | — |
FX translation and other | 38 |  | (93) |  | 271 |  | (217) |
Other, net (ACLL) | $ | 38 |  | $ | (93) |  | $ | 242 |  | $ | (217) |
(1)Upon acquisition, the par value of the purchased credit-deteriorated assets was approximately $37 million during the three months ended September 30, 2024, and $46 million during the nine months ended September 30, 2024. (2)Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet. (3)See additional details on the Allowance for credit losses on other assets below. (4)Primarily reflects the impact of FX translation on the ACL on Other assets for transfer risk associated with exposures outside the U.S. (5)See Note 2. Allowance for Credit Losses on Loans (ACLL) and End-of-Period Loans
| Three Months Ended
| September 30, 2025 | September 30, 2024
In millions of dollars | Corporate | Consumer | Total | Corporate | Consumer | Total
ACLL at beginning of period | $ | 3,023 |  | $ | 16,100 |  | $ | 19,123 |  | $ | 2,484 |  | $ | 15,732 |  | $ | 18,216 |
Charge-offs | (114) |  | (2,612) |  | (2,726) |  | (113) |  | (2,496) |  | (2,609) |
Recoveries | 22 |  | 490 |  | 512 |  | 39 |  | 398 |  | 437 |
Replenishment of NCLs | 92 |  | 2,122 |  | 2,214 |  | 74 |  | 2,098 |  | 2,172 |
Net reserve builds (releases) | (76) |  | 66 |  | (10) |  | 143 |  | 111 |  | 254 |
Net specific reserve builds (releases) | 54 |  | 1 |  | 55 |  | (40) |  | (4) |  | (44) |
Initial allowance for credit losses on newly purchased credit-deteriorated assets during the period(1) | — |  | — |  | — |  | — |  | 23 |  | 23 |
Other | — |  | 38 |  | 38 |  | 4 |  | (97) |  | (93) |
Ending balance | $ | 3,001 |  | $ | 16,205 |  | $ | 19,206 |  | $ | 2,591 |  | $ | 15,765 |  | $ | 18,356 |
| Nine Months Ended
| September 30, 2025 | September 30, 2024
In millions of dollars | Corporate | Consumer | Total | Corporate | Consumer | Total
ACLL at beginning of period | $ | 2,556 |  | $ | 16,018 |  | $ | 18,574 |  | $ | 2,714 |  | $ | 15,431 |  | $ | 18,145 |
Charge-offs | (376) |  | (7,999) |  | (8,375) |  | (420) |  | (7,594) |  | (8,014) |
Recoveries | 53 |  | 1,415 |  | 1,468 |  | 74 |  | 1,182 |  | 1,256 |
Replenishment of NCLs | 323 |  | 6,584 |  | 6,907 |  | 346 |  | 6,412 |  | 6,758 |
Net reserve builds (releases) | 468 |  | (2) |  | 466 |  | 115 |  | 521 |  | 636 |
Net specific reserve builds (releases) | (77) |  | 1 |  | (76) |  | (229) |  | (2) |  | (231) |
Initial allowance for credit losses on newly purchased credit-deteriorated assets during the period(1) | — |  | — |  | — |  | — |  | 23 |  | 23 |
Other | 54 |  | 188 |  | 242 |  | (9) |  | (208) |  | (217) |
Ending balance | $ | 3,001 |  | $ | 16,205 |  | $ | 19,206 |  | $ | 2,591 |  | $ | 15,765 |  | $ | 18,356 |
| September 30, 2025 | December 31, 2024
In millions of dollars | Corporate | Consumer | Total | Corporate | Consumer | Total
ACLL |  |  |  |  |  |
Collectively evaluated | $ | 2,774 |  | $ | 16,165 |  | $ | 18,939 |  | $ | 2,254 |  | $ | 15,967 |  | $ | 18,221 |
Individually evaluated | 227 |  | 40 |  | 267 |  | 302 |  | 38 |  | 340 |
Purchased credit deteriorated | — |  | — |  | — |  | — |  | 13 |  | 13 |
Total ACLL | $ | 3,001 |  | $ | 16,205 |  | $ | 19,206 |  | $ | 2,556 |  | $ | 16,018 |  | $ | 18,574 |
Loans, net of unearned income |  |  |  |  |  |
Collectively evaluated | $ | 325,336 |  | $ | 398,361 |  | $ | 723,697 |  | $ | 292,250 |  | $ | 392,562 |  | $ | 684,812 |
Individually evaluated | 2,071 |  | 133 |  | 2,204 |  | 1,377 |  | 134 |  | 1,511 |
Purchased credit deteriorated | — |  | 108 |  | 108 |  | — |  | 125 |  | 125 |
Held at fair value | 7,870 |  | 26 |  | 7,896 |  | 7,759 |  | 281 |  | 8,040 |
Total loans, net of unearned income | $ | 335,277 |  | $ | 398,628 |  | $ | 733,905 |  | $ | 301,386 |  | $ | 393,102 |  | $ | 694,488 |
(1) Upon acquisition, the par value of the purchased credit-deteriorated assets was approximately $37 million during the three months ended September 30, 2024, and $46 million during the nine months ended September 30, 2024. Changes in the ACL (September 30, 2025 vs. December 31, 2024) The total allowance for credit losses on loans, leases, unfunded lending commitments, other assets and HTM debt securities (in aggregate, total ACL) as of September 30, 2025 was $23,778 million, an increase of $1,601 million from $22,177 million at December 31, 2024, driven by changes in the macroeconomic outlook, FX translation on the ACL and transfer risk associated with Russia. Consumer ACLL Citi’s total consumer allowance for credit losses on loans (ACLL) as of September 30, 2025 was $16,205 million, an increase of $187 million from $16,018 million at December 31, 2024. The increase was driven by FX translation on the ACLL within All Other consumer. Corporate ACLL Citi’s total corporate ACLL as of September 30, 2025 was $3,001 million, an increase of $445 million from $2,556 million at December 31, 2024. The increase was driven by changes in portfolio composition, including credit quality and exposure growth, and changes in the macroeconomic outlook. ACLUC As of September 30, 2025, Citi’s total allowance for unfunded lending commitments (ACLUC), included in Other liabilities, was $1,820 million, an increase of $219 million from $1,601 million at December 31, 2024. The increase was driven by changes in portfolio composition, including exposure growth, and changes in the macroeconomic outlook. Allowance for Credit Losses on Other Assets
|  | Three Months Ended September 30, 2025
In millions of dollars |  | Deposits with banks | Securities borrowed and purchased under agreements to resell |  | All other assets(1) | Total
Allowance for credit losses on other assets at beginning of quarter |  | $ | 40 |  | $ | 10 |  |  | $ | 2,649 |  | $ | 2,699 |
Gross credit losses |  | — |  | — |  |  | (19) |  | (19) |
Gross recoveries |  | — |  | — |  |  | 12 |  | 12 |
Net credit losses (NCLs) |  | $ | — |  | $ | — |  |  | $ | (7) |  | $ | (7) |
Replenishment of NCLs |  | $ | — |  | $ | — |  |  | $ | 7 |  | $ | 7 |
Net reserve builds (releases) |  | 2 |  | (2) |  |  | 72 |  | 72 |
Total provision for credit losses |  | $ | 2 |  | $ | (2) |  |  | $ | 79 |  | $ | 79 |
Other, net |  | $ | — |  | $ | — |  |  | $ | (150) |  | $ | (150) |
Allowance for credit losses on other assets at end of quarter |  | $ | 42 |  | $ | 8 |  |  | $ | 2,571 |  | $ | 2,621 |
|  | Nine Months Ended September 30, 2025
In millions of dollars |  | Deposits with banks | Securities borrowed and purchased under agreements to resell |  | All other assets(1) | Total
Allowance for credit losses on other assets at beginning of year |  | $ | 25 |  | $ | 3 |  |  | $ | 1,837 |  | $ | 1,865 |
Gross credit losses |  | — |  | — |  |  | (50) |  | (50) |
Gross recoveries |  | — |  | — |  |  | 25 |  | 25 |
Net credit losses (NCLs) |  | $ | — |  | $ | — |  |  | $ | (25) |  | $ | (25) |
Replenishment of NCLs |  | $ | — |  | $ | — |  |  | $ | 25 |  | $ | 25 |
Net reserve builds (releases) |  | 17 |  | 5 |  |  | 452 |  | 474 |
Total provision for credit losses |  | $ | 17 |  | $ | 5 |  |  | $ | 477 |  | $ | 499 |
Other, net |  | $ | — |  | $ | — |  |  | $ | 282 |  | $ | 282 |
Allowance for credit losses on other assets at end of quarter |  | $ | 42 |  | $ | 8 |  |  | $ | 2,571 |  | $ | 2,621 |
(1)Primarily ACL related to transfer risk associated with exposures outside the U.S.
|  | Three Months Ended September 30, 2024
In millions of dollars |  | Deposits with banks | Securities borrowed and purchased under agreements to resell |  | All other assets(1) | Total
Allowance for credit losses on other assets at beginning of quarter |  | $ | 21 |  | $ | 33 |  |  | $ | 1,857 |  | $ | 1,911 |
Adjustment to opening balance for CECL adoption |  | — |  | — |  |  | — |  | — |
Gross credit losses |  | — |  | — |  |  | (14) |  | (14) |
Gross recoveries |  | — |  | — |  |  | 8 |  | 8 |
Net credit losses (NCLs) |  | $ | — |  | $ | — |  |  | $ | (6) |  | $ | (6) |
Replenishment of NCLs |  | $ | — |  | $ | — |  |  | $ | 6 |  | $ | 6 |
Net reserve builds (releases) |  | 2 |  | (27) |  |  | 129 |  | 104 |
Total provision for credit losses |  | $ | 2 |  | $ | (27) |  |  | $ | 135 |  | $ | 110 |
Other, net |  | $ | — |  | $ | (2) |  |  | $ | (144) |  | $ | (146) |
Allowance for credit losses on other assets at end of quarter |  | $ | 23 |  | $ | 4 |  |  | $ | 1,842 |  | $ | 1,869 |
|  | Nine Months Ended September 30, 2024
In millions of dollars |  | Deposits with banks | Securities borrowed and purchased under agreements to resell |  | All other assets(1) | Total
Allowance for credit losses on other assets at beginning of year |  | $ | 31 |  | $ | 27 |  |  | $ | 1,730 |  | $ | 1,788 |
Adjustment to opening balance for CECL adoption |  | — |  | — |  |  | — |  | — |
Gross credit losses |  | — |  | — |  |  | (42) |  | (42) |
Gross recoveries |  | — |  | — |  |  | 21 |  | 21 |
Net credit losses (NCLs) |  | $ | — |  | $ | — |  |  | $ | (21) |  | $ | (21) |
Replenishment of NCLs |  | $ | — |  | $ | — |  |  | $ | 21 |  | $ | 21 |
Net reserve builds (releases) |  | (9) |  | (22) |  |  | 236 |  | 205 |
Total provision for credit losses |  | $ | (9) |  | $ | (22) |  |  | $ | 257 |  | $ | 226 |
Other, net |  | $ | 1 |  | $ | (1) |  |  | $ | (124) |  | $ | (124) |
Allowance for credit losses on other assets at end of quarter |  | $ | 23 |  | $ | 4 |  |  | $ | 1,842 |  | $ | 1,869 |
(1) Primarily ACL related to transfer risk associated with exposures outside the U.S. For the ACL on AFS debt securities, see Note 13.

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CreditLossAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration