GOODWILL AND INTANGIBLE ASSETS (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of goodwill |
The changes in Goodwill were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | In millions of dollars | Services | Markets | Banking | USPB | Wealth | All Other | | | Total | | Balance at December 31, 2024 | $ | 2,052 | | $ | 5,674 | | $ | 1,002 | | $ | 5,219 | | $ | 4,451 | | $ | 902 | | | | $ | 19,300 | | | Foreign currency translation | 11 | | 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 translation | 109 | | 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 | |
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| Components of intangible assets, finite-lived |
The components of intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | December 31, 2024 | | In millions of dollars | Gross
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 relationships | 342 | | 302 | | 40 | | 325 | | 278 | | 47 | | | Present value of future profits | 35 | | 34 | | 1 | | 31 | | 30 | | 1 | | | Indefinite-lived intangible assets | 218 | | — | | 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 | Amortization | Impairments | FX 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 relationships | 47 | | — | | (10) | | — | | 3 | | 40 | | | Present value of future profits | 1 | | — | | — | | — | | — | | 1 | | | Indefinite-lived intangible assets | 197 | | — | | — | | — | | 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.
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| Components of intangible assets, indefinite-lived |
The components of intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | December 31, 2024 | | In millions of dollars | Gross
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 relationships | 342 | | 302 | | 40 | | 325 | | 278 | | 47 | | | Present value of future profits | 35 | | 34 | | 1 | | 31 | | 30 | | 1 | | | Indefinite-lived intangible assets | 218 | | — | | 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 | Amortization | Impairments | FX 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 relationships | 47 | | — | | (10) | | — | | 3 | | 40 | | | Present value of future profits | 1 | | — | | — | | — | | — | | 1 | | | Indefinite-lived intangible assets | 197 | | — | | — | | — | | 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.
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| Changes in intangible assets |
The components of intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | December 31, 2024 | | In millions of dollars | Gross
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 relationships | 342 | | 302 | | 40 | | 325 | | 278 | | 47 | | | Present value of future profits | 35 | | 34 | | 1 | | 31 | | 30 | | 1 | | | Indefinite-lived intangible assets | 218 | | — | | 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 | Amortization | Impairments | FX 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 relationships | 47 | | — | | (10) | | — | | 3 | | 40 | | | Present value of future profits | 1 | | — | | — | | — | | — | | 1 | | | Indefinite-lived intangible assets | 197 | | — | | — | | — | | 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.
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