GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2012

GOODWILL AND INTANGIBLE ASSETS

Changes in Goodwill

In millions of dollars
Balance at December 31, 2011	$	25,413
Foreign exchange translation	$	397
Balance at March 31, 2012	$	25,810
Foreign exchange translation	$	(306	)
Smaller acquisitions/divestitures		(8	)
Purchase accounting adjustments and other		(13	)
Balance at June 30, 2012	$	25,483

Goodwill by reporting units

In millions of dollars Reporting unit(1)	Goodwill
North America Regional Consumer Banking	$	6,797
EMEA Regional Consumer Banking		354
Asia Regional Consumer Banking		5,589
Latin America Regional Consumer Banking		1,856
Securities and Banking		9,189
Transaction Services		1,550
Brokerage and Asset Management		42
Local Consumer Lending—Cards		106
Total	$	25,483

(1)

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

Components of intangible assets

	June 30, 2012						December 31, 2011
In millions of dollars	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Purchased credit card relationships	$	7,627	$	5,524	$	2,103	$	7,616	$	5,309	$	2,307
Core deposit intangibles		1,286		952		334		1,337		965		372
Other customer relationships		803		363		440		830		356		474
Present value of future profits		237		129		108		235		123		112
Indefinite-lived intangible assets		488		—		488		492		—		492
Other(1)		4,834		2,151		2,683		4,866		2,023		2,843
Intangible assets (excluding MSRs)	$	15,275	$	9,119	$	6,156	$	15,376	$	8,776	$	6,600
Mortgage servicing rights (MSRs)		2,117		—		2,117		2,569		—		2,569
Total intangible assets	$	17,392	$	9,119	$	8,273	$	17,945	$	8,776	$	9,169

(1)

Includes contract-related intangible assets.

Changes in intangible assets

In millions of dollars	Net carrying amount at December 31, 2011		Acquisitions/ divestitures		Amortization			Impairments			FX and other(1)			Net carrying amount at June 30, 2012
Purchased credit card relationships	$	2,307	$	—	$	(202	)	$	—		$	(2	)	$	2,103
Core deposit intangibles		372		—		(42	)		—			4			334
Other customer relationships		474		—		(23	)		—			(11	)		440
Present value of future profits		112		—		(5	)		—			1			108
Indefinite-lived intangible assets		492		—		—			—			(4	)		488
Other		2,843		2		(164	)		(1	)		3			2,683
Intangible assets (excluding MSRs)	$	6,600	$	2	$	(436	)	$	(1	)	$	(9	)	$	6,156
Mortgage servicing rights (MSRs)(2)		2,569													2,117
Total intangible assets	$	9,169												$	8,273

(1)

Includes foreign exchange translation and purchase accounting adjustments.

(2)

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