GOODWILL AND INTANGIBLE ASSETS (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Intangible Asset, Goodwill and Other [Abstract] |
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| Schedule of goodwill |
The changes in Goodwill were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | In millions of dollars | Services | Markets | Banking | USCC(1) | Wealth(1) | All Other | | | Total | | Balance at December 31, 2025 | $ | 2,141 | | $ | 5,833 | | $ | 1,028 | | $ | 4,733 | | $ | 5,062 | | $ | 301 | | | | $ | 19,098 | | | Foreign currency translation | (31) | | (75) | | — | | — | | 4 | | 1 | | | | (101) | | | | | | | | | | | | | | | | | | | | | | | Balance at March 31, 2026 | $ | 2,110 | | $ | 5,758 | | $ | 1,028 | | $ | 4,733 | | $ | 5,066 | | $ | 302 | | | | $ | 18,997 | | | Foreign currency translation | 1 | | (19) | | 4 | | — | | 22 | | 7 | | | | 15 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at June 30, 2026 | $ | 2,111 | | $ | 5,739 | | $ | 1,032 | | $ | 4,733 | | $ | 5,088 | | $ | 309 | | | | $ | 19,012 | |
(1)During the first quarter of 2026, approximately $609 million of goodwill was transferred from USCC to Wealth in connection with the business realignment. Prior-period amounts have been revised to conform to the current presentation. See Note 3.
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| Components of intangible assets, finite-lived |
The components of intangible assets were as follows:
| | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | December 31, 2025 | | In millions of dollars | Gross
carrying
amount | Accumulated
amortization | Net
carrying
amount | Gross
carrying
amount | Accumulated
amortization | Net
carrying
amount | Purchased credit card relationships (PCCR)(1) | $ | 6,052 | | $ | 4,704 | | $ | 1,348 | | $ | 5,315 | | $ | 4,639 | | $ | 676 | | Credit card contract-related intangibles(2) | 4,661 | | 2,049 | | 2,612 | | 4,579 | | 1,987 | | 2,592 | | | Other customer relationships | 311 | | 288 | | 23 | | 321 | | 291 | | 30 | | | Present value of future profits | 36 | | 36 | | — | | 35 | | 35 | | — | | | Indefinite-lived intangible assets | 233 | | — | | 233 | | 227 | | — | | 227 | | | | | | | | | | Intangible assets (excluding MSRs) | $ | 11,293 | | $ | 7,077 | | $ | 4,216 | | $ | 10,477 | | $ | 6,952 | | $ | 3,525 | | Mortgage servicing rights (MSRs)(3) | 788 | | — | | 788 | | 759 | | — | | 759 | | | Total intangible assets | $ | 12,081 | | $ | 7,077 | | $ | 5,004 | | $ | 11,236 | | $ | 6,952 | | $ | 4,284 | |
The changes in intangible assets were as follows:
| | | | | | | | | | | | | | | | | | | | | | In millions of dollars | Net carrying amount at December 31, 2025 | Acquisitions/renewals/
divestitures | Amortization | Impairments | FX translation and other | Net carrying amount at June 30, 2026 | Purchased credit card relationships (PCCR)(1) | $ | 676 | | $ | 738 | | $ | (66) | | $ | — | | $ | — | | $ | 1,348 | | Credit card contract-related intangibles(2) | 2,592 | | 82 | | (62) | | — | | — | | 2,612 | | | Other customer relationships | 30 | | — | | (7) | | — | | — | | 23 | | | Present value of future profits | — | | — | | — | | — | | — | | — | | | Indefinite-lived intangible assets | 227 | | — | | — | | — | | 6 | | 233 | | | | | | | | | | Intangible assets (excluding MSRs) | $ | 3,525 | | $ | 820 | | $ | (135) | | $ | — | | $ | 6 | | $ | 4,216 | | MSRs(3) | 759 | | | | | | 788 | | | Total intangible assets | $ | 4,284 | | | | | | $ | 5,004 | |
(1)Reflects intangibles for the value of purchased cardholder relationships included in card portfolio acquisitions, which are discrete from contract-related intangibles. The additional PCCR recorded during the period was related to the acquisition of the additional American Airlines co-branded card portfolio and has an amortization period of approximately 17 years. (2)Reflects contract-related intangibles associated with Citi’s credit card program agreements with partners. (3)See Note 19.
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| Components of intangible assets, indefinite-lived |
The components of intangible assets were as follows:
| | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | December 31, 2025 | | In millions of dollars | Gross
carrying
amount | Accumulated
amortization | Net
carrying
amount | Gross
carrying
amount | Accumulated
amortization | Net
carrying
amount | Purchased credit card relationships (PCCR)(1) | $ | 6,052 | | $ | 4,704 | | $ | 1,348 | | $ | 5,315 | | $ | 4,639 | | $ | 676 | | Credit card contract-related intangibles(2) | 4,661 | | 2,049 | | 2,612 | | 4,579 | | 1,987 | | 2,592 | | | Other customer relationships | 311 | | 288 | | 23 | | 321 | | 291 | | 30 | | | Present value of future profits | 36 | | 36 | | — | | 35 | | 35 | | — | | | Indefinite-lived intangible assets | 233 | | — | | 233 | | 227 | | — | | 227 | | | | | | | | | | Intangible assets (excluding MSRs) | $ | 11,293 | | $ | 7,077 | | $ | 4,216 | | $ | 10,477 | | $ | 6,952 | | $ | 3,525 | | Mortgage servicing rights (MSRs)(3) | 788 | | — | | 788 | | 759 | | — | | 759 | | | Total intangible assets | $ | 12,081 | | $ | 7,077 | | $ | 5,004 | | $ | 11,236 | | $ | 6,952 | | $ | 4,284 | |
The changes in intangible assets were as follows:
| | | | | | | | | | | | | | | | | | | | | | In millions of dollars | Net carrying amount at December 31, 2025 | Acquisitions/renewals/
divestitures | Amortization | Impairments | FX translation and other | Net carrying amount at June 30, 2026 | Purchased credit card relationships (PCCR)(1) | $ | 676 | | $ | 738 | | $ | (66) | | $ | — | | $ | — | | $ | 1,348 | | Credit card contract-related intangibles(2) | 2,592 | | 82 | | (62) | | — | | — | | 2,612 | | | Other customer relationships | 30 | | — | | (7) | | — | | — | | 23 | | | Present value of future profits | — | | — | | — | | — | | — | | — | | | Indefinite-lived intangible assets | 227 | | — | | — | | — | | 6 | | 233 | | | | | | | | | | Intangible assets (excluding MSRs) | $ | 3,525 | | $ | 820 | | $ | (135) | | $ | — | | $ | 6 | | $ | 4,216 | | MSRs(3) | 759 | | | | | | 788 | | | Total intangible assets | $ | 4,284 | | | | | | $ | 5,004 | |
(1)Reflects intangibles for the value of purchased cardholder relationships included in card portfolio acquisitions, which are discrete from contract-related intangibles. The additional PCCR recorded during the period was related to the acquisition of the additional American Airlines co-branded card portfolio and has an amortization period of approximately 17 years. (2)Reflects contract-related intangibles associated with Citi’s credit card program agreements with partners. (3)See Note 19.
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| Changes in intangible assets |
The components of intangible assets were as follows:
| | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | December 31, 2025 | | In millions of dollars | Gross
carrying
amount | Accumulated
amortization | Net
carrying
amount | Gross
carrying
amount | Accumulated
amortization | Net
carrying
amount | Purchased credit card relationships (PCCR)(1) | $ | 6,052 | | $ | 4,704 | | $ | 1,348 | | $ | 5,315 | | $ | 4,639 | | $ | 676 | | Credit card contract-related intangibles(2) | 4,661 | | 2,049 | | 2,612 | | 4,579 | | 1,987 | | 2,592 | | | Other customer relationships | 311 | | 288 | | 23 | | 321 | | 291 | | 30 | | | Present value of future profits | 36 | | 36 | | — | | 35 | | 35 | | — | | | Indefinite-lived intangible assets | 233 | | — | | 233 | | 227 | | — | | 227 | | | | | | | | | | Intangible assets (excluding MSRs) | $ | 11,293 | | $ | 7,077 | | $ | 4,216 | | $ | 10,477 | | $ | 6,952 | | $ | 3,525 | | Mortgage servicing rights (MSRs)(3) | 788 | | — | | 788 | | 759 | | — | | 759 | | | Total intangible assets | $ | 12,081 | | $ | 7,077 | | $ | 5,004 | | $ | 11,236 | | $ | 6,952 | | $ | 4,284 | |
The changes in intangible assets were as follows:
| | | | | | | | | | | | | | | | | | | | | | In millions of dollars | Net carrying amount at December 31, 2025 | Acquisitions/renewals/
divestitures | Amortization | Impairments | FX translation and other | Net carrying amount at June 30, 2026 | Purchased credit card relationships (PCCR)(1) | $ | 676 | | $ | 738 | | $ | (66) | | $ | — | | $ | — | | $ | 1,348 | | Credit card contract-related intangibles(2) | 2,592 | | 82 | | (62) | | — | | — | | 2,612 | | | Other customer relationships | 30 | | — | | (7) | | — | | — | | 23 | | | Present value of future profits | — | | — | | — | | — | | — | | — | | | Indefinite-lived intangible assets | 227 | | — | | — | | — | | 6 | | 233 | | | | | | | | | | Intangible assets (excluding MSRs) | $ | 3,525 | | $ | 820 | | $ | (135) | | $ | — | | $ | 6 | | $ | 4,216 | | MSRs(3) | 759 | | | | | | 788 | | | Total intangible assets | $ | 4,284 | | | | | | $ | 5,004 | |
(1)Reflects intangibles for the value of purchased cardholder relationships included in card portfolio acquisitions, which are discrete from contract-related intangibles. The additional PCCR recorded during the period was related to the acquisition of the additional American Airlines co-branded card portfolio and has an amortization period of approximately 17 years. (2)Reflects contract-related intangibles associated with Citi’s credit card program agreements with partners. (3)See Note 19.
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