GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2011

GOODWILL AND INTANGIBLE ASSETS

Changes in Goodwill

In millions of dollars
Balance at December 31, 2010	$	26,152
Foreign exchange translation	$	345
Smaller acquisitions/divestitures, purchase accounting adjustments and other		(11	)
Discontinued operations		(147	)
Balance at March 31, 2011	$	26,339
Foreign exchange translation		292
Smaller acquisitions/divestitures and other		(10	)
Balance at June 30, 2011	$	26,621

Goodwill balances by reporting unit and by segment

In millions of dollars
Reporting unit(1)		Goodwill
North America Regional Consumer Banking		$	2,530
EMEA Regional Consumer Banking			355
Asia Regional Consumer Banking			6,303
Latin America Regional Consumer Banking			1,865
Securities and Banking			9,492
Global Transaction Services			1,579
Brokerage and Asset Management			68
Local Consumer Lending—Cards			4,429
	Total	$	26,621
By Segment
Regional Consumer Banking		$	11,053
Institutional Clients Group			11,071
Citi Holdings			4,497
	Total	$	26,621

(1)

Local Consumer Lending—Other is excluded from the table as there is no goodwill allocated to such unit.

Components of intangible assets

	June 30, 2011						December 31, 2010
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships	$	7,757	$	5,218	$	2,539	$	7,796	$	5,048	$	2,748
Core deposit intangibles		1,431		989		442		1,442		959		483
Other customer relationships		804		312		492		796		289		507
Present value of future profits		244		123		121		241		114		127
Indefinite-lived intangible assets		581		—		581		550		—		550
Other(1)		4,744		1,783		2,961		4,723		1,634		3,089
Intangible assets (excluding MSRs)	$	15,561	$	8,425	$	7,136	$	15,548	$	8,044	$	7,504
Mortgage servicing rights (MSRs)		4,258		—		4,258		4,554		—		4,554
Total intangible assets	$	19,819	$	8,425	$	11,394	$	20,102	$	8,044	$	12,058

(1)

Includes contract-related intangible assets.

Changes in intangible assets

In millions of dollars	Net carrying amount at December 31, 2010		Acquisitions/ divestitures		Amortization			Impairments			FX and other(1)		Discontinued Operations			Net carrying amount at June 30, 2011
Purchased credit card relationships	$	2,748	$	6	$	(221	)	$	—		$	6	$	—		$	2,539
Core deposit intangibles		483		—		(49	)		—			8		—			442
Other customer relationships		507		—		(26	)		—			11		—			492
Present value of future profits		127		—		(7	)		—			1		—			121
Indefinite-lived intangible assets		550		—		—			—			31		—			581
Other		3,089		47		(153	)		(16	)		12		(18	)		2,961
Intangible assets (excluding MSRs)	$	7,504	$	53	$	(456	)	$	(16	)	$	69	$	(18	)	$	7,136
Mortgage servicing rights (MSRs)(2)		4,554															4,258
Total intangible assets	$	12,058														$	11,394

(1)

Includes foreign exchange translation and purchase accounting adjustments.

(2)

See Note 17 to the Consolidated Financial Statements for the roll-forward of MSRs.