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GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
The changes in Goodwill were as follows:

In millions of dollarsServicesMarketsBankingUSPBWealthAll OtherTotal
Balance at December 31, 2024$2,052 $5,674 $1,002 $5,219 $4,451 $902 $19,300 
Foreign currency translation11 75 3 16 — 17 122 
Balance at March 31, 2025$2,063 $5,749 $1,005 $5,235 $4,451 $919 $19,422 
Foreign currency translation109 171 20 71 2 83 456 
Balance at June 30, 2025$2,172 $5,920 $1,025 $5,306 $4,453 $1,002 $19,878 

Citi tests for goodwill impairment annually as of October 1 (the annual test) and conducts interim assessments between the annual test if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. No such events or circumstances were identified as part of the qualitative assessment performed as of June 30, 2025. For additional information regarding Citi’s goodwill impairment testing process, see Notes 1 and 17 to the Consolidated Financial Statements in Citi’s 2024 Form 10-K.
Unanticipated declines in business performance, increases
in credit losses, increases in capital requirements and adverse regulatory or legislative changes, and deterioration in economic or market conditions, as well as circumstances related to Citi’s strategic refresh, are factors that could result in a material impairment loss to earnings in a future period related to some portion of the associated goodwill.
Reporting units used for goodwill assessment at the Citigroup consolidated level may differ from the reporting units of its subsidiaries.

Intangible Assets
The components of intangible assets were as follows:
 June 30, 2025December 31, 2024
In millions of dollarsGross
carrying
amount		Accumulated
amortization		Net
carrying
amount		Gross
carrying
amount		Accumulated
amortization		Net
carrying
amount
Purchased credit card relationships(1)
$5,315 $4,573 $742 $5,315 $4,507 $808 
Credit card contract-related intangibles(2)
4,578 1,940 2,638 4,586 1,905 2,681 
Other customer relationships342 302 40 325 278 47 
Present value of future profits35 34 1 31 30 1 
Indefinite-lived intangible assets218 — 218 197 — 197 
Intangible assets (excluding MSRs)$10,488 $6,849 $3,639 $10,454 $6,720 $3,734 
Mortgage servicing rights (MSRs)(3)
770 — 770 760 — 760 
Total intangible assets$11,258 $6,849 $4,409 $11,214 $6,720 $4,494 

The changes in intangible assets were as follows:
In millions of dollars
Net carrying amount at December 31, 2024
Acquisitions/renewals/
divestitures		AmortizationImpairmentsFX translation and other
Net carrying amount at June 30, 2025
Purchased credit card relationships(1)
$808 $— $(66)$— $— $742 
Credit card contract-related intangibles(2)
2,681 — (45)— 2 2,638 
Other customer relationships47 — (10)— 3 40 
Present value of future profits1 — — — — 1 
Indefinite-lived intangible assets197 — — — 21 218 
Intangible assets (excluding MSRs)$3,734 $— $(121)$— $26 $3,639 
Mortgage servicing rights (MSRs)(3)
760 770 
Total intangible assets$4,494 $4,409 

(1)Reflects intangibles for the value of purchased cardholder relationships, which are discrete from contract-related intangibles.
(2)Reflects contract-related intangibles associated with Citi’s credit card program agreements with partners.
(3)See Note 21.