GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The changes in Goodwill were as follows:

In millions of dollars	Services		Markets		Banking		USPB		Wealth		All Other		Total
Balance at December 31, 2024	$	2,052	$	5,674	$	1,002	$	5,219	$	4,451	$	902	$	19,300
Foreign currency translation	11		75		3		16		—		17		122
Balance at March 31, 2025	$	2,063	$	5,749	$	1,005	$	5,235	$	4,451	$	919	$	19,422

Components of intangible assets, finite-lived

The components of intangible assets were as follows:

	March 31, 2025						December 31, 2024
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships(1)	$	5,315	$	4,540	$	775	$	5,315	$	4,507	$	808
Credit card contract-related intangibles(2)	4,577		1,919		2,658		4,586		1,905		2,681
Other customer relationships	333		289		44		325		278		47
Present value of future profits	31		30		1		31		30		1
Indefinite-lived intangible assets	201		—		201		197		—		197
Intangible assets (excluding MSRs)	$	10,457	$	6,778	$	3,679	$	10,454	$	6,720	$	3,734
Mortgage servicing rights (MSRs)(3)	751		—		751		760		—		760
Total intangible assets	$	11,208	$	6,778	$	4,430	$	11,214	$	6,720	$	4,494

The changes in intangible assets were as follows:

In millions of dollars	Net carrying amount at December 31, 2024		Acquisitions/renewals/ divestitures		Amortization		Impairments		FX translation and other		Net carrying amount at March 31, 2025
Purchased credit card relationships(1)	$	808	$	—	$	(33)	$	—	$	—	$	775
Credit card contract-related intangibles(2)	2,681		—		(23)		—		—		2,658
Other customer relationships	47		—		(5)		—		2		44
Present value of future profits	1		—		—		—		—		1
Indefinite-lived intangible assets	197		—		—		—		4		201
Intangible assets (excluding MSRs)	$	3,734	$	—	$	(61)	$	—	$	6	$	3,679
Mortgage servicing rights (MSRs)(3)	760										751
Total intangible assets	$	4,494									$	4,430

(1)Reflects intangibles for the value of purchased cardholder relationships, which are discrete from contract-related intangibles.

(2)Reflects contract-related intangibles associated with Citi’s credit card program agreements with partners.

(3)See Note 21.

Components of intangible assets, indefinite-lived

The components of intangible assets were as follows:

	March 31, 2025						December 31, 2024
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships(1)	$	5,315	$	4,540	$	775	$	5,315	$	4,507	$	808
Credit card contract-related intangibles(2)	4,577		1,919		2,658		4,586		1,905		2,681
Other customer relationships	333		289		44		325		278		47
Present value of future profits	31		30		1		31		30		1
Indefinite-lived intangible assets	201		—		201		197		—		197
Intangible assets (excluding MSRs)	$	10,457	$	6,778	$	3,679	$	10,454	$	6,720	$	3,734
Mortgage servicing rights (MSRs)(3)	751		—		751		760		—		760
Total intangible assets	$	11,208	$	6,778	$	4,430	$	11,214	$	6,720	$	4,494

The changes in intangible assets were as follows:

In millions of dollars	Net carrying amount at December 31, 2024		Acquisitions/renewals/ divestitures		Amortization		Impairments		FX translation and other		Net carrying amount at March 31, 2025
Purchased credit card relationships(1)	$	808	$	—	$	(33)	$	—	$	—	$	775
Credit card contract-related intangibles(2)	2,681		—		(23)		—		—		2,658
Other customer relationships	47		—		(5)		—		2		44
Present value of future profits	1		—		—		—		—		1
Indefinite-lived intangible assets	197		—		—		—		4		201
Intangible assets (excluding MSRs)	$	3,734	$	—	$	(61)	$	—	$	6	$	3,679
Mortgage servicing rights (MSRs)(3)	760										751
Total intangible assets	$	4,494									$	4,430

(1)Reflects intangibles for the value of purchased cardholder relationships, which are discrete from contract-related intangibles.

(2)Reflects contract-related intangibles associated with Citi’s credit card program agreements with partners.

(3)See Note 21.

Changes in intangible assets

The components of intangible assets were as follows:

	March 31, 2025						December 31, 2024
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships(1)	$	5,315	$	4,540	$	775	$	5,315	$	4,507	$	808
Credit card contract-related intangibles(2)	4,577		1,919		2,658		4,586		1,905		2,681
Other customer relationships	333		289		44		325		278		47
Present value of future profits	31		30		1		31		30		1
Indefinite-lived intangible assets	201		—		201		197		—		197
Intangible assets (excluding MSRs)	$	10,457	$	6,778	$	3,679	$	10,454	$	6,720	$	3,734
Mortgage servicing rights (MSRs)(3)	751		—		751		760		—		760
Total intangible assets	$	11,208	$	6,778	$	4,430	$	11,214	$	6,720	$	4,494

The changes in intangible assets were as follows:

In millions of dollars	Net carrying amount at December 31, 2024		Acquisitions/renewals/ divestitures		Amortization		Impairments		FX translation and other		Net carrying amount at March 31, 2025
Purchased credit card relationships(1)	$	808	$	—	$	(33)	$	—	$	—	$	775
Credit card contract-related intangibles(2)	2,681		—		(23)		—		—		2,658
Other customer relationships	47		—		(5)		—		2		44
Present value of future profits	1		—		—		—		—		1
Indefinite-lived intangible assets	197		—		—		—		4		201
Intangible assets (excluding MSRs)	$	3,734	$	—	$	(61)	$	—	$	6	$	3,679
Mortgage servicing rights (MSRs)(3)	760										751
Total intangible assets	$	4,494									$	4,430

(1)Reflects intangibles for the value of purchased cardholder relationships, which are discrete from contract-related intangibles.

(2)Reflects contract-related intangibles associated with Citi’s credit card program agreements with partners.

(3)See Note 21.