GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The changes in Goodwill were as follows:

In millions of dollars
Balance, December 31, 2016	$	21,659
Foreign exchange translation and other	634
Impairment of goodwill	(28		)
Balance at March 31, 2017	$	22,265

The following table shows reporting units with goodwill balances as of March 31, 2017 and the fair value as a percentage of allocated book value as of the latest impairment test:

In millions of dollars
Reporting unit(1)	Goodwill		Fair value as a % of allocated book value
North America Global Consumer Banking	$	6,732	148	%
Asia Global Consumer Banking	4,910		157
Latin America Global Consumer Banking	1,151		180
ICG—Banking	2,902		194
ICG—Markets and Securities Services	6,554		115
Citi Holdings—Consumer Latin America(2)	16		103
Total as of March 31, 2017	$	22,265

(1) Other Citi Holdings reporting units, including Citi Holdings—REL, are excluded from the table as there is no goodwill allocated to them.

(2) All Citi Holdings reporting units are presented in the Corporate/Other segment beginning in the first quarter of 2017.

Components of intangible assets, finite-lived

The components of intangible assets were as follows:

	March 31, 2017						December 31, 2016
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships	$	5,703	$	4,049	$	1,654	$	8,215	$	6,549	$	1,666
Credit card contract related intangibles(1)	5,044		2,159		2,885		5,149		2,177		2,972
Core deposit intangibles	776		750		26		801		771		30
Other customer relationships	480		275		205		474		272		202
Present value of future profits	34		29		5		31		27		4
Indefinite-lived intangible assets	227		—		227		210		—		210
Other	170		159		11		504		474		30
Intangible assets (excluding MSRs)	$	12,434	$	7,421	$	5,013	$	15,384	$	10,270	$	5,114
Mortgage servicing rights (MSRs)(2)	567		—		567		1,564		—		1,564
Total intangible assets	$	13,001	$	7,421	$	5,580	$	16,948	$	10,270	$	6,678

Components of intangible assets, indefinite-lived

The components of intangible assets were as follows:

	March 31, 2017						December 31, 2016
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships	$	5,703	$	4,049	$	1,654	$	8,215	$	6,549	$	1,666
Credit card contract related intangibles(1)	5,044		2,159		2,885		5,149		2,177		2,972
Core deposit intangibles	776		750		26		801		771		30
Other customer relationships	480		275		205		474		272		202
Present value of future profits	34		29		5		31		27		4
Indefinite-lived intangible assets	227		—		227		210		—		210
Other	170		159		11		504		474		30
Intangible assets (excluding MSRs)	$	12,434	$	7,421	$	5,013	$	15,384	$	10,270	$	5,114
Mortgage servicing rights (MSRs)(2)	567		—		567		1,564		—		1,564
Total intangible assets	$	13,001	$	7,421	$	5,580	$	16,948	$	10,270	$	6,678

Changes in intangible assets

The changes in intangible assets were as follows:

	Net carrying amount at											Net carrying amount at
In millions of dollars	December 31, 2016		Acquisitions/ divestitures			Amortization			FX translation and other			March 31, 2017
Purchased credit card relationships	$	1,666	$	20		$	(33	)	$	1		$	1,654
Credit card contract related intangibles(1)	2,972		9			(98		)	2			2,885
Core deposit intangibles	30		—			(6		)	2			26
Other customer relationships	202		—			(6		)	9			205
Present value of future profits	4		—			—			1			5
Indefinite-lived intangible assets	210		—			—			17			227
Other	30		(14		)	(4		)	(1		)	11
Intangible assets (excluding MSRs)	$	5,114	$	15		$	(147	)	$	31		$	5,013
Mortgage servicing rights (MSRs)(2)	1,564											567
Total intangible assets	$	6,678										$	5,580

(1) Primarily reflects contract-related intangibles associated with the American Airlines, Sears, The Home Depot, Costco and AT&T credit card program agreements, which represented 96% and 97% of the aggregate net carrying amount at March 31, 2017 and December 31, 2016, respectively.

(2) For additional information on Citi’s MSRs, including the rollforward for the three months ended March 31, 2017, see Note 18 to the Consolidated Financial Statements.