GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2016



In millions of dollars
Reporting unit⁽¹⁾⁽²⁾	Goodwill
North America Global Consumer Banking	$	6,764
Asia Global Consumer Banking⁽³⁾	4,895
Latin America Global Consumer Banking ⁽⁴⁾	1,220
ICG—Banking	3,091
ICG—Markets and Securities Services	6,536
Citi Holdings—Consumer Latin America	69
Total	$	22,575


(1)	Citi Holdings—Other and Citi Holdings—ICG are excluded from the table as there is no goodwill allocated to them.


(2)	Citi Holdings—Consumer EMEA, is excluded from the table as the entire reporting unit, together with allocated goodwill, is classified as held-for-sale as of March 31, 2016.


(3)	Asia Global Consumer Banking includes the consumer businesses in UK, Russia, Poland, UAE and Bahrain beginning the first quarter of 2016.


(4)	Latin America Global Consumer Banking contains only the consumer business in Mexico beginning the first quarter of 2016.

The changes in Goodwill were as follows:



In millions of dollars
Balance, December 31, 2015	$	22,349
Foreign exchange translation and other	239
Divestitures	(13		)
Balance at March 31, 2016	$	22,575

The components of intangible assets were as follows:



	March 31, 2016						December 31, 2015
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships	$	7,585	$	6,542	$	1,043	$	7,606	$	6,520	$	1,086
Core deposit intangibles	984		917		67		1,050		969		81
Other customer relationships	496		268		228		471		252		219
Present value of future profits	37		32		5		37		31		6
Indefinite-lived intangible assets	228		—		228		234		—		234
Other⁽¹⁾	4,493		2,571		1,922		4,709		2,614		2,095
Intangible assets (excluding MSRs)	$	13,823	$	10,330	$	3,493	$	14,107	$	10,386	$	3,721
Mortgage servicing rights (MSRs)	1,524		—		1,524		1,781		—		1,781
Total intangible assets	$	15,347	$	10,330	$	5,017	$	15,888	$	10,386	$	5,502


(1)	Includes contract-related intangible assets.

The components of intangible assets were as follows:



	March 31, 2016						December 31, 2015
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships	$	7,585	$	6,542	$	1,043	$	7,606	$	6,520	$	1,086
Core deposit intangibles	984		917		67		1,050		969		81
Other customer relationships	496		268		228		471		252		219
Present value of future profits	37		32		5		37		31		6
Indefinite-lived intangible assets	228		—		228		234		—		234
Other⁽¹⁾	4,493		2,571		1,922		4,709		2,614		2,095
Intangible assets (excluding MSRs)	$	13,823	$	10,330	$	3,493	$	14,107	$	10,386	$	3,721
Mortgage servicing rights (MSRs)	1,524		—		1,524		1,781		—		1,781
Total intangible assets	$	15,347	$	10,330	$	5,017	$	15,888	$	10,386	$	5,502


(1)	Includes contract-related intangible assets.

The changes in intangible assets were as follows:



	Net carrying amount at											Net carrying amount at
In millions of dollars	December 31, 2015		Acquisitions/ divestitures			Amortization			FX translation and other			March 31, 2016
Purchased credit card relationships	$	1,086	$	(9	)	$	(49	)	$	15		$	1,043
Core deposit intangibles	81		(7		)	(7		)	—			67
Other customer relationships	219		—			(6		)	15			228
Present value of future profits	6		—			—			(1		)	5
Indefinite-lived intangible assets	234		(6		)	—			—			228
Other	2,095		(101		)	(67		)	(5		)	1,922
Intangible assets (excluding MSRs)	$	3,721	$	(123	)	$	(129	)	$	24		$	3,493
Mortgage servicing rights (MSRs)⁽¹⁾	1,781											1,524
Total intangible assets	$	5,502										$	5,017


(1)	For additional information on Citi’s MSRs, including the roll-forward for the three months ended March 31, 2016, see Note 20 to the Consolidated Financial Statements