v3.25.4
DEBT (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of short-term borrowings
Short-Term Borrowings

December 31,
20252024
In millions of dollarsBalance
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.
Schedule of long-term debt
Long-Term Debt

Balances at
December 31,
In millions of dollars
Weighted-
average
coupon(1)
Maturities20252024
Citigroup Inc.(2)
Senior debt3.91 %
2026–2098
$147,154 $133,519 
Subordinated debt(3)
5.21 
2026–2046
29,068 28,883 
Trust preferred securities10.24 
2036–2040
1,633 1,622 
Bank(4)
Senior debt4.55 
2026–2039
36,481 35,470 
Broker-dealer(5)
Senior debt4.25 
2026–2070
101,491 87,806 
Total4.29 %$315,827 $287,300 
Senior debt$285,126 $256,795 
Subordinated debt(3)
29,068 28,883 
Trust preferred securities1,633 1,622 
Total$315,827 $287,300 

(1)The weighted-average coupon excludes structured notes accounted for at fair value and the effect of hedges.
(2)Represents the parent holding company.
(3)Includes notes that are subordinated within certain countries, regions or subsidiaries.
(4)Represents Citibank entities as well as other bank entities. At December 31, 2025 and 2024, collateralized long-term advances from the Federal Home Loan Banks were $3.0 billion and $8.5 billion, respectively.
(5)Represents broker-dealer and other non-bank subsidiaries that are consolidated into Citigroup Inc., the parent holding company. Certain Citigroup consolidated hedging activities are also included in this line. Balances primarily relate to senior debt.
Aggregate annual maturities of long-term debt obligations
Aggregate annual maturities of long-term debt obligations (based on final maturity dates) including trust preferred securities are as follows:

In millions of dollars20262027202820292030ThereafterTotal
Citigroup Inc.(1)
$13,826 $12,482 $24,460 $10,107 $14,942 $102,038 $177,855 
Bank11,998 7,165 3,386 2,772 5,969 5,191 36,481 
Broker-dealer21,031 15,620 11,539 8,422 8,626 36,253 101,491 
Total$46,855 $35,267 $39,385 $21,301 $29,537 $143,482 $315,827 
Summary of outstanding trust preferred securities
The following table summarizes Citi’s outstanding trust preferred securities at December 31, 2025:

      Junior subordinated debentures owned by trust
TrustIssuance
date		Securities
issued
Liquidation
value(1)
Coupon
rate(2)
Common
shares
issued
to parent		Notional amountMaturityRedeemable
by issuer
beginning
In millions of dollars, except securities and share amounts
Citigroup Capital IIIDec. 1996194,053 $194 7.625 %6,003 $200 Dec. 1, 2036Not redeemable
Citigroup Capital XIIIOct. 201089,840,000 2,246 
3 mo. SOFR +663.161 bps(3)
1,000 2,246 Oct. 30, 2040Oct. 30, 2015
Total obligated  $2,440  $2,446   

Note: Distributions on the trust preferred securities and interest on the subordinated debentures are payable semiannually for Citigroup Capital III and quarterly for Citigroup Capital XIII.
(1)Represents the notional value received by outside investors from the trusts at the time of issuance. This differs from Citi’s balance sheet carrying value due primarily to unamortized discount and issuance costs.
(2)In each case, the coupon rate on the subordinated debentures is the same as that on the trust preferred securities.
(3)The spread incorporates the original contractual spread and a 26.161 bps tenor spread adjustment.