Citibank 2015 Annual Report Download - page 56

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Components of Citigroup Capital Under Current Regulatory Standards
(Basel III Advanced Approaches with Transition Arrangements)
In millions of dollars
December 31,
2015
December 31,
2014 (1)
Common Equity Tier 1 Capital
Citigroup common stockholders’ equity (2) $205,286 $199,841
Add: Qualifying noncontrolling interests 369 539
Regulatory Capital Adjustments and Deductions:
Less: Net unrealized gains (losses) on securities AFS, net of tax (3)(4) (544) 46
Less: Defined benefit plans liability adjustment, net of tax (4) (3,070) (4,127)
Less: Accumulated net unrealized losses on cash flow hedges, net of tax (5) (617) (909)
Less: Cumulative unrealized net gain related to changes in fair value of financial liabilities
attributable to own creditworthiness, net of tax (4)(6) 176 56
Less: Intangible assets:
Goodwill, net of related deferred tax liabilities (DTLs) (7) 21,980 22,805
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs (4) 1,434 875
Less: Defined benefit pension plan net assets (4) 318 187
Less: Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general
business credit carry-forwards (4)(8) 9,464 4,725
Less: Excess over 10%/15% limitations for other DTAs, certain common stock investments,
and MSRs (4)(8)(9) 2,652 1,977
Less: Deductions applied to Common Equity Tier 1 Capital due to insufficient amount of Additional
Tier 1 Capital to cover deductions (4) —8,082
Total Common Equity Tier 1 Capital $173,862 $166,663
Additional Tier 1 Capital
Qualifying perpetual preferred stock (2) $ 16,571 $ 10,344
Qualifying trust preferred securities (10) 1,707 1,719
Qualifying noncontrolling interests 12 7
Regulatory Capital Adjustment and Deductions:
Less: Cumulative unrealized net gain related to changes in fair value of financial liabilities
attributable to own creditworthiness, net of tax (4)(6) 265 223
Less: Minimum regulatory capital requirements of insurance underwriting subsidiaries (11) 229 279
Less: Defined benefit pension plan net assets (4) 476 749
Less: DTAs arising from net operating loss, foreign tax credit and general
business credit carry-forwards (4)(8) 14,195 18,901
Less: Permitted ownership interests in covered funds (12) 567 —
Less: Deductions applied to Common Equity Tier 1 Capital due to insufficient amount of Additional
Tier 1 Capital to cover deductions (4) —(8,082)
Total Additional Tier 1 Capital $ 2,558 $ —
Total Tier 1 Capital (Common Equity Tier 1 Capital + Additional Tier 1 Capital) $176,420 $166,663
Tier 2 Capital
Qualifying subordinated debt (13) $ 21,370 $ 17,386
Qualifying noncontrolling interests 17 12
Excess of eligible credit reserves over expected credit losses (14) 1,163 1,177
Regulatory Capital Adjustment and Deduction:
Add: Unrealized gains on AFS equity exposures includable in Tier 2 Capital 5—
Less: Minimum regulatory capital requirements of insurance underwriting subsidiaries (11) 229 279
Total Tier 2 Capital $ 22,326 $ 18,296
Total Capital (Tier 1 Capital + Tier 2 Capital) $198,746 $184,959