Citibank 2015 Annual Report Download - page 212

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Recognition and Measurement of OTTI
The total OTTI recognized in earnings are as follows:
OTTI on Investments and Other Assets Year ended December 31, 2015
In millions of dollars AFS (1) HTM Other Assets Total
Impairment losses related to securities that the Company does not intend to sell nor
will likely be required to sell:
Total OTTI losses recognized during the period $ 33 $ 1 $— $ 34
Less: portion of impairment loss recognized in AOCI (before taxes) — — — —
Net impairment losses recognized in earnings for securities that the Company does not intend
to sell nor will likely be required to sell $ 33 $ 1 $— $ 34
Impairment losses recognized in earnings for securities that the Company intends to sell,
would be more likely than not required to sell or will be subject to an issuer call deemed probable of exercise 182 43 6 231
Total impairment losses recognized in earnings $215 $44 $ 6 $265
(1) Includes OTTI on non-marketable equity securities.
OTTI on Investments and Other Assets Year ended December 31, 2014
In millions of dollars AFS (1) HTM Other Assets Total
Impairment losses related to securities that the Company does not intend to sell nor will
likely be required to sell:
Total OTTI losses recognized during the period $ 21 $ 5 $ — $ 26
Less: portion of impairment loss recognized in AOCI (before taxes) 8 — — 8
Net impairment losses recognized in earnings for securities that the Company does not intend
to sell nor will likely be required to sell $ 13 $ 5 $ — $ 18
Impairment losses recognized in earnings for securities that the Company intends to sell,
would be more likely than not required to sell or will be subject to an issuer call deemed probable of exercise 380 26 — 406
Total impairment losses recognized in earnings $393 $ 31 $ — $424
(1) Includes OTTI on non-marketable equity securities.
OTTI on Investments and Other Assets Year ended December 31, 2013
In millions of dollars AFS (1) HTM Other Assets Total
Impairment losses related to securities that the Company does not intend to sell nor will
likely be required to sell:
Total OTTI losses recognized during the period $ 9 $154 $ — $163
Less: portion of impairment loss recognized in AOCI (before taxes) — 98 — 98
Net impairment losses recognized in earnings for securities that the Company does not intend
to sell nor will likely be required to sell $ 9 $ 56 $ — $ 65
Impairment losses recognized in earnings for securities that the Company intends to sell
or more-likely-than-not will be required to sell before recovery (2) 269 — 201 470
Total impairment losses recognized in earnings $278 $ 56 $201 $535
(1) Includes OTTI on non-marketable equity securities.
(2) The impairment charge relates to the carrying value of Citi’s then-remaining 35% interest in the MSSB joint venture, offset by the equity pickup from MSSB during the respective periods that was recorded in
Other revenue.