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GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
The changes in Goodwill were as follows:

In millions of dollarsServices
Markets(1)
Banking(1)
USPBWealthAll OtherTotal
Balance at December 31, 2021$2,105 $6,078 $1,032 $5,223 $4,494 $2,367 $21,299 
Foreign currency translation62 (293)2 50 (26)5 (200)
Divestitures(2)
— — — — — (873)(873)
Impairment of goodwill(3)
— — — — — (535)(535)
Balance at December 31, 2022$2,167 $5,785 $1,034 $5,273 $4,468 $964 $19,691 
Foreign currency translation47 85 5 125 1 144 407 
Balance at December 31, 2023$2,214 $5,870 $1,039 $5,398 $4,469 $1,108 $20,098 
Foreign currency translation(162)(196)(37)(179)(2)(206)(782)
Divestitures(4)
— — — — (16)— (16)
Balance at December 31, 2024$2,052 $5,674 $1,002 $5,219 $4,451 $902 $19,300 

(1)    In 2023, goodwill of approximately $537 million was transferred from Banking to Markets related to business realignment. Prior-period amounts have been
revised to conform with the current presentation. See Note 3.
(2)    Represents goodwill allocated to the Asia Consumer banking exit markets upon the signing of the respective sales agreements: in 2021, related to the Australia and Philippines consumer banking businesses, which were reclassified as HFS during 2021; in 2022, related to the India, Taiwan, Thailand, Malaysia, Indonesia, Bahrain and Vietnam consumer banking businesses, which were reclassified as HFS during 2022. See Note 2.
(3)    Goodwill impairment of $535 million (approximately $489 million after-tax) was incurred in the Asia Consumer reporting unit of Legacy Franchises in the first quarter of 2022, due to the resegmentation and change of reporting units as well as the sequence of the signing of sale agreements.
(4)    Goodwill allocated to the global fiduciary and trust administration services business was classified as HFS during the third quarter of 2024.
Components of intangible assets, finite-lived
The components of intangible assets were as follows:

 December 31, 2024December 31, 2023
In millions of dollarsGross
carrying
amount		Accumulated
amortization		Net
carrying
amount		Gross
carrying
amount		Accumulated
amortization		Net
carrying
amount
Purchased credit card relationships(1)
$5,315 $4,507 $808 $5,302 $4,365 $937 
Credit card contract-related intangibles(2)
4,586 1,905 2,681 4,177 1,698 2,479 
Other customer relationships325 278 47 363 290 73 
Present value of future profits31 30 1 37 36 1 
Indefinite-lived intangible assets197 — 197 240 — 240 
Intangible assets (excluding MSRs)$10,454 $6,720 $3,734 $10,119 $6,389 $3,730 
Mortgage servicing rights (MSRs)(3)
760 — 760 691 — 691 
Total intangible assets$11,214 $6,720 $4,494 $10,810 $6,389 $4,421 
Components of intangible assets, indefinite-lived
The components of intangible assets were as follows:

 December 31, 2024December 31, 2023
In millions of dollarsGross
carrying
amount		Accumulated
amortization		Net
carrying
amount		Gross
carrying
amount		Accumulated
amortization		Net
carrying
amount
Purchased credit card relationships(1)
$5,315 $4,507 $808 $5,302 $4,365 $937 
Credit card contract-related intangibles(2)
4,586 1,905 2,681 4,177 1,698 2,479 
Other customer relationships325 278 47 363 290 73 
Present value of future profits31 30 1 37 36 1 
Indefinite-lived intangible assets197 — 197 240 — 240 
Intangible assets (excluding MSRs)$10,454 $6,720 $3,734 $10,119 $6,389 $3,730 
Mortgage servicing rights (MSRs)(3)
760 — 760 691 — 691 
Total intangible assets$11,214 $6,720 $4,494 $10,810 $6,389 $4,421 
Changes in intangible assets
The changes in intangible assets were as follows:


Net carrying
amount at		Acquisitions/renewals/divestituresNet carrying
amount at
In millions of dollarsDecember 31, 2023AmortizationImpairmentsFX translation and otherDecember 31,
2024
Purchased credit card relationships(1)
$937 $13 $(142)$— $— $808 
Credit card contract-related intangibles(2)
2,479 414 (208)(4)— 2,681 
Other customer relationships73 — (21)— (5)47 
Present value of future profits1 — — — — 1 
Indefinite-lived intangible assets240 — — — (43)197 
Intangible assets (excluding MSRs)$3,730 $427 $(371)$(4)$(48)$3,734 
Mortgage servicing rights (MSRs)(3)
691 760 
Total intangible assets$4,421 $4,494 

(1)Reflects intangibles for the value of purchased credit card relationships (PCCR), which are discrete from contract-related intangibles. Additional PCCR during the year relates to a new card partnership with a 10-year term.
(2)Reflects contract-related intangibles (CI) associated with a new card partnership or extension of Citi’s existing credit card program agreements with partners. Additional CI during the year primarily relates to an extension of an existing card partnership. The weighted-average amortization period of the additional CI recognized during the year is approximately 20 years.
(3)See Notes 23 and 26.