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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2012

GOODWILL AND INTANGIBLE ASSETS

Changes in Goodwill

In millions of dollars
Balance at December 31, 2010		$	26,152
Foreign exchange translation			(636	)
Smaller acquisitions/divestitures, purchase accounting adjustments and other			44
Discontinued operations			(147	)
Balance at December 31, 2011		$	25,413
Foreign exchange translation			294
Smaller acquisitions/divestitures, purchase accounting adjustments and other			(21	)
Discontinued operations			(13	)
Balance at December 31, 2012		$	25,673

Changes in Goodwill by segment

		Global				Institutional
		Consumer				Clients								Corporate/
In millions of dollars		Banking				Group				Citi Holdings				Other			Total
Balance at December 31, 2010		$	10,701			$	10,826			$	4,625			$	—		$	26,152
Goodwill acquired during 2011		$	—			$	19			$	—			$	—		$	19
Goodwill disposed of during 2011			—				(6	)			(153	)			—			(159	)
Other ⁽¹⁾			(465	)			(102	)			(32	)			—			(599	)
Balance at December 31, 2011		$	10,236			$	10,737			$	4,440			$	—		$	25,413
Goodwill acquired during 2012		$	—			$	—			$	—			$	—		$	—
Goodwill disposed of during 2012			—				—				(8	)			—			(8	)
Other ⁽¹⁾			20				244				4				—			268
Intersegment transfers in/(out) ⁽²⁾			4,283				—				(4,283	)			—			—
Balance at December 31, 2012		$	14,539			$	10,981			$	153			$	—		$	25,673

(1)	Other changes in Goodwill primarily reflect foreign exchange effects on non-dollar-denominated goodwill, discontinued operations in 2012, and purchase accounting adjustments.
(2)	Primarily includes the transfer of the substantial majority of the Citi retail services business from Citi Holdings—Local Consumer Lending to Citicorp—North America Regional Consumer Banking during the first quarter of 2012. See Note 4 to the Consolidated Financial Statements for a further discussion of this segment transfer.

Goodwill by reporting units

In millions of dollars
		Fair value as a % of
Reporting unit ⁽¹⁾		allocated book value			Goodwill
North America Regional Consumer Banking		225	%		$	6,803
EMEA Regional Consumer Banking		150	%		$	366
Asia Regional Consumer Banking		281	%		$	5,489
Latin America Regional Consumer Banking		186	%		$	1,881
Securities and Banking		137	%		$	9,378
Transaction Services		1,336	% ⁽²⁾		$	1,603
Brokerage and Asset Management		121	%		$	42
Local Consumer Lending—Cards		110	%		$	111

(1)	Local Consumer Lending—Other is excluded from the table as there is no goodwill allocated to it.
(2)	Transaction Services: 2011 fair value has been carried forward for this reporting unit for purposes of the 2012 annual impairment test as discussed above.

Components of intangible assets

		December 31, 2012									December 31, 2011
		Gross						Net			Gross						Net
		carrying			Accumulated			carrying			carrying			Accumulated			carrying
In millions of dollars		amount			amortization			amount			amount			amortization			amount
Purchased credit card relationships		$	7,632		$	5,726		$	1,906		$	7,616		$	5,309		$	2,307
Core deposit intangibles			1,315			1,019			296			1,337			965			372
Other customer relationships			767			380			387			830			356			474
Present value of future profits			239			135			104			235			123			112
Indefinite-lived intangible assets			487			—			487			492			—			492
Other ⁽¹⁾			4,764			2,247			2,517			4,866			2,023			2,843
Intangible assets (excluding MSRs)		$	15,204		$	9,507		$	5,697		$	15,376		$	8,776		$	6,600
Mortgage servicing rights (MSRs)			1,942			—			1,942			2,569			—			2,569
Total intangible assets		$	17,146		$	9,507		$	7,639		$	17,945		$	8,776		$	9,169

(1)	Includes contract-related intangible assets.

Changes in intangible assets

		Net carrying																							Net carrying
		amount at															FX								amount at
		December 31,			Acquisitions/												and				Discontinued				December 31,
In millions of dollars		2011			divestitures				Amortization				Impairments				other		⁽¹⁾		operations				2012
Purchased credit card relationships		$	2,307		$	—			$	(402	)		$	—			$	1			$	—			$	1,906
Core deposit intangibles			372			—				(84	)			—				8				—				296
Other customer relationships			474			—				(45	)			—				(42	)			—				387
Present value of future profits			112			—				(9	)			—				1				—				104
Indefinite-lived intangible assets			492			(8	)			—				—				3				—				487
Other			2,843			2				(316	)			(6	)			13				(19	)			2,517
Intangible assets (excluding MSRs)		$	6,600		$	(6	)		$	(856	)		$	(6	)		$	(16	)		$	(19	)		$	5,697
Mortgage servicing rights (MSRs) ⁽²⁾			2,569																							1,942
Total intangible assets		$	9,169																						$	7,639

(1)	Includes foreign exchange translation and purchase accounting adjustments.
(2)	See Note 22 to the Consolidated Financial Statements for the roll-forward of MSRs.

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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