GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 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 at December 31, 2017	$	12,784		$	9,456		$	16		$	22,256
Foreign currency translation and other	$	184		$	235		$	—		$	419
Divestiture(1)	—			—			(16		)	(16		)
Balance at March 31, 2018	$	12,968		$	9,691		$	—		$	22,659
Foreign exchange translation and other	$	(226	)	$	(375	)	$	—		$	(601	)
Divestiture (1)	—			—			—			—
Balance at June 30, 2018	$	12,742		$	9,316		$	—		$	22,058

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

Components of intangible assets, finite-lived

The components of intangible assets were as follows:

	June 30, 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	$	5,726	$	3,838	$	1,888	$	5,375	$	3,836	$	1,539
Credit card contract related intangibles(1)	5,043		2,624		2,419		5,045		2,456		2,589
Core deposit intangibles	419		412		7		639		628		11
Other customer relationships	472		287		185		459		272		187
Present value of future profits	32		28		4		32		28		4
Indefinite-lived intangible assets	216		—		216		244		—		244
Other	95		85		10		100		86		14
Intangible assets (excluding MSRs)	$	12,003	$	7,274	$	4,729	$	11,894	$	7,306	$	4,588
Mortgage servicing rights (MSRs)(2)	596		—		596		558		—		558
Total intangible assets	$	12,599	$	7,274	$	5,325	$	12,452	$	7,306	$	5,146

(1) Primarily reflects contract-related intangibles associated with the American Airlines, The Home Depot, Costco, Sears and AT&T credit card program agreements, which represent 97% of the aggregate net carrying amount as of June 30, 2018.

(2) For additional information on Citi’s MSRs, see Note 18 to the Consolidated Financial Statements.

Components of intangible assets, indefinite-lived

The components of intangible assets were as follows:

	June 30, 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	$	5,726	$	3,838	$	1,888	$	5,375	$	3,836	$	1,539
Credit card contract related intangibles(1)	5,043		2,624		2,419		5,045		2,456		2,589
Core deposit intangibles	419		412		7		639		628		11
Other customer relationships	472		287		185		459		272		187
Present value of future profits	32		28		4		32		28		4
Indefinite-lived intangible assets	216		—		216		244		—		244
Other	95		85		10		100		86		14
Intangible assets (excluding MSRs)	$	12,003	$	7,274	$	4,729	$	11,894	$	7,306	$	4,588
Mortgage servicing rights (MSRs)(2)	596		—		596		558		—		558
Total intangible assets	$	12,599	$	7,274	$	5,325	$	12,452	$	7,306	$	5,146

(1) Primarily reflects contract-related intangibles associated with the American Airlines, The Home Depot, Costco, Sears and AT&T credit card program agreements, which represent 97% of the aggregate net carrying amount as of June 30, 2018.

(2) For additional information on Citi’s MSRs, see Note 18 to the Consolidated Financial Statements.

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			June 30, 2018
Purchased credit card relationships(1)	$	1,539	$	425	$	(74	)	$	(2	)	$	1,888
Credit card contract related intangibles(2)	2,589		2		(171		)	(1		)	2,419
Core deposit intangibles	11		—		(4		)	—			7
Other customer relationships	187		—		(12		)	10			185
Present value of future profits	4		—		—			—			4
Indefinite-lived intangible assets	244		—		—			(28		)	216
Other	14		—		(7		)	3			10
Intangible assets (excluding MSRs)	$	4,588	$	427	$	(268	)	$	(18	)	$	4,729
Mortgage servicing rights (MSRs)(3)	558										596
Total intangible assets	$	5,146									$	5,325

(1) Reflects intangibles for the value of cardholder relationships, which are discrete from partner contract intangibles and include credit card accounts primarily in the Costco, Macy`s and Sears portfolios.  The increase since December 31, 2017 reflects the purchase of certain rights related to credit card accounts in the Sears portfolio.

(2) 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 June 30, 2018 and December 31, 2017.

(3) For additional information on Citi’s MSRs, including the rollforward for the six months ended June 30, 2018, see Note 18 to the Consolidated Financial Statements.