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RETIREMENT BENEFITS
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
RETIREMENT BENEFITS RETIREMENT BENEFITS
For additional information on Citi’s retirement benefits, see Note 8 to the Consolidated Financial Statements in Citi’s 2024 Form 10-K.
Citigroup remeasures its significant pension and postretirement benefits plans’ obligations and assets by updating plan actuarial assumptions quarterly, when certain conditions are met to trigger interim remeasurement. No interim remeasurement occurred for the first and second 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 Company’s 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 June 30,
 Pension plansPostretirement benefit plans
 U.S. plansNon-U.S. plansU.S. plansNon-U.S. plans
In millions of dollars20252024202520242025202420252024
Service cost$— $— $28 $30 $— $— $— $1 
Interest cost on benefit obligation119 119 106 109 3 4 29 28 
Expected return on assets(151)(152)(94)(82)(2)(2)(18)(20)
Amortization of unrecognized:     
Prior service cost (benefit)1 1 (1)(1)(3)(3)(1)(2)
Net actuarial loss (gain)50 45 16 20 (3)(3)2 2 
Settlement loss(1)
— — — 2 — — — — 
Total net expense (benefit) $19 $13 $55 $78 $(5)$(4)$12 $9 
Six Months Ended June 30,
 Pension plansPostretirement benefit plans
 U.S. plansNon-U.S. plansU.S. plansNon-U.S. plans
In millions of dollars20252024202520242025202420252024
Service cost$— $— $54 $59 $— $— $— $1 
Interest cost on benefit obligation237 236 206 218 7 8 57 57 
Expected return on assets(301)(303)(182)(169)(5)(5)(35)(42)
Amortization of unrecognized:     
Prior service cost (benefit)1 1 (2)(2)(5)(5)(3)(4)
Net actuarial loss (gain)98 91 32 43 (6)(5)5 5 
Settlement loss(1)
— — — 2 — — — — 
Total net expense (benefit) $35 $25 $108 $151 $(9)$(7)$24 $17 

(1)Settlement loss relates to divestiture activities.

Contributions
The following table summarizes the Company’s expected contributions for 2025 and the actual contributions made in 2024:

 Pension plans Postretirement benefit plans 
 
U.S. plans(1)
Non-U.S. plans(2)
U.S. plansNon-U.S. plans
In millions of dollars20252024202520242025202420252024
Company contributions(3) expected to be made during the year, and made during the prior year
$63 $59 $93 $763 $5 $8 $11 $9 

(1)The U.S. plans include benefits paid directly by the Company for the nonqualified pension plans.
(2)The Company made a discretionary contribution of approximately $600 million to a pension plan in Banamex during the fourth quarter of 2024.
(3)Company contributions are composed of cash contributions made to the plans and benefits paid directly by the Company.