GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 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
Foreign exchange translation		(1,184	)
Smaller acquisitions/divestitures and other		59
Balance at September 30, 2011	$	25,496

Goodwill balances by reporting unit and by segment

In millions of dollars
Reporting unit(1)		Goodwill
North America Regional Consumer Banking		$	2,545
EMEA Regional Consumer Banking			357
Asia Regional Consumer Banking			5,667
Latin America Regional Consumer Banking			1,730
Securities and Banking			9,185
Global Transaction Services			1,550
Brokerage and Asset Management			71
Local Consumer Lending—Cards			4,391
	Total	$	25,496
By Segment
Regional Consumer Banking		$	10,299
Institutional Clients Group			10,735
Citi Holdings			4,462
	Total	$	25,496

(1)

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

Components of intangible assets

	September 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	$	7,617	$	5,205	$	2,412	$	7,796	$	5,048	$	2,748
Core deposit intangibles		1,340		944		396		1,442		959		483
Other customer relationships		835		344		491		796		289		507
Present value of future profits		235		120		115		241		114		127
Indefinite-lived intangible assets		493		—		493		550		—		550
Other(1)		4,829		1,936		2,893		4,723		1,634		3,089
Intangible assets (excluding MSRs)	$	15,349	$	8,549	$	6,800	$	15,548	$	8,044	$	7,504
Mortgage servicing rights (MSRs)		2,852		—		2,852		4,554		—		4,554
Total intangible assets	$	18,201	$	8,549	$	9,652	$	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 September 30, 2011
Purchased credit card relationships	$	2,748	$	6	$	(330	)	$	—		$	(12	)	$	—		$	2,412
Core deposit intangibles		483		4		(73	)		—			(18	)		—			396
Other customer relationships		507		3		(39	)		—			20			—			491
Present value of future profits		127		—		(10	)		—			(2	)		—			115
Indefinite-lived intangible assets		550		—		—			—			(57	)		—			493
Other		3,089		74		(227	)		(16	)		(9	)		(18	)		2,893
Intangible assets (excluding MSRs)	$	7,504	$	87	$	(679	)	$	(16	)	$	(78	)	$	(18	)	$	6,800
Mortgage servicing rights (MSRs)(2)		4,554																2,852
Total intangible assets	$	12,058															$	9,652

(1)

Includes foreign exchange translation, purchase accounting and other adjustments.

(2)

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