GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The changes in Goodwill were as follows:

In millions of dollars	Global Consumer Banking		Institutional Clients Group		Corporate/Other			Total
Balance, December 31, 2017	$	12,784	$	9,456	$	16		$	22,256
Foreign exchange translation and other	$	184	$	235	$	—		$	419
Divestiture (1)	—		—		(16		)	(16		)
Balance at March 31, 2018	$	12,968	$	9,691	$	—		$	22,659

(1) Goodwill allocated to the sale of Citi Colombia consumer business, the only remaining business in Citi Holdings—Consumer Latin America reporting unit reported as part of Corporate/Other, which is classified as HFS beginning the first quarter of 2018.

Components of intangible assets, finite-lived

The components of intangible assets were as follows:

	March 31, 2018						December 31, 2017
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships	$	5,308	$	3,805	$	1,503	$	5,375	$	3,836	$	1,539
Credit card contract related intangibles(1)	5,044		2,542		$	2,502	5,045		2,456		2,589
Core deposit intangibles	449		439		$	10	639		628		11
Other customer relationships	486		294		$	192	459		272		187
Present value of future profits	35		31		$	4	32		28		4
Indefinite-lived intangible assets	231		—		$	231	244		—		244
Other	100		92		$	8	100		86		14
Intangible assets (excluding MSRs)	$	11,653	$	7,203	$	4,450	$	11,894	$	7,306	$	4,588
Mortgage servicing rights (MSRs)(2)	587		—		587		558		—		558
Total intangible assets	$	12,240	$	7,203	$	5,037	$	12,452	$	7,306	$	5,146

Components of intangible assets, indefinite-lived

The components of intangible assets were as follows:

	March 31, 2018						December 31, 2017
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships	$	5,308	$	3,805	$	1,503	$	5,375	$	3,836	$	1,539
Credit card contract related intangibles(1)	5,044		2,542		$	2,502	5,045		2,456		2,589
Core deposit intangibles	449		439		$	10	639		628		11
Other customer relationships	486		294		$	192	459		272		187
Present value of future profits	35		31		$	4	32		28		4
Indefinite-lived intangible assets	231		—		$	231	244		—		244
Other	100		92		$	8	100		86		14
Intangible assets (excluding MSRs)	$	11,653	$	7,203	$	4,450	$	11,894	$	7,306	$	4,588
Mortgage servicing rights (MSRs)(2)	587		—		587		558		—		558
Total intangible assets	$	12,240	$	7,203	$	5,037	$	12,452	$	7,306	$	5,146

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, 2017		Acquisitions/ divestitures		Amortization			FX translation and other			March 31, 2018
Purchased credit card relationships	$	1,539	$	—	$	(35	)	$	(1	)	$	1,503
Credit card contract related intangibles(1)	2,589		—		(86		)	(1		)	2,502
Core deposit intangibles	11		—		(2		)	1			10
Other customer relationships	187		—		(6		)	11			192
Present value of future profits	4		—		—			—			4
Indefinite-lived intangible assets	244		—		—			(13		)	231
Other	14		—		(6		)	—			8
Intangible assets (excluding MSRs)	$	4,588	$	—	$	(135	)	$	(3	)	$	4,450
Mortgage servicing rights (MSRs)(2)	558										587
Total intangible assets	$	5,146									$	5,037

(1) Primarily reflects contract-related intangibles associated with the American Airlines, The Home Depot, Costco, Sears and AT&T credit card program agreements, which represented 97% of the aggregate net carrying amount at March 31, 2018 and December 31, 2017.

(2) For additional information on Citi’s MSRs, including the rollforward for the three months ended March 31, 2018, see Note 18 to the Consolidated Financial Statements.