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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
The changes in Goodwill were as follows:

In millions of dollarsServices
Markets(1)
Banking(1)
USPBWealthAll OtherTotal
Balance at December 31, 2022$2,167 $5,785 $1,034 $5,273 $4,468 $964 $19,691 
Foreign currency translation47 85 5 125 1 144 407 
Balance at December 31, 2023$2,214 $5,870 $1,039 $5,398 $4,469 $1,108 $20,098 
Foreign currency translation(162)(196)(37)(179)(2)(206)(782)
Divestitures(2)
— — — — (16)— (16)
Balance at December 31, 2024$2,052 $5,674 $1,002 $5,219 $4,451 $902 $19,300 
Foreign currency translation89 159 26 123 2 125 524 
Impairment of goodwill(3)
— — — — — (726)(726)
Balance at December 31, 2025$2,141 $5,833 $1,028 $5,342 $4,453 $301 $19,098 

(1)    In 2023, goodwill of approximately $537 million was transferred from Banking to Markets related to business realignment. Prior-period amounts have been
revised to conform with the current presentation. See Note 3.
(2)    Goodwill allocated to the global fiduciary and trust administration services business was classified as HFS during the third quarter of 2024.
(3)    In connection with the agreed-upon bid received for Banamex, a goodwill impairment of $726 million ($714 million after-tax) was incurred in the Mexico Consumer/SBMM reporting unit of All Other—Legacy Franchises during the third quarter.


Citi tests for goodwill impairment annually as of October 1 (the annual test) and conducts interim assessments between the annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount.
Citi performed an interim goodwill impairment test during the third quarter of 2025, in connection with the agreed-upon bid received for Banamex. The test resulted in an impairment of $726 million ($714 million after-tax) in the Mexico Consumer/SBMM reporting unit within All Other—Legacy Franchises, recorded in Other operating expenses. The fair value of that reporting unit was estimated using the agreed-upon bid from the buyer as a key assumption, which was considered a significant unobservable input (Level 3 fair value inputs).
There were no additional impairment charges incurred as a result of any other interim goodwill impairment tests performed through the third quarter of 2025.

During the fourth quarter of 2025, Citi performed its annual goodwill impairment test, which resulted in no impairment of any of Citi’s reporting units’ goodwill. No additional triggering events were identified and no goodwill was impaired during the fourth quarter of 2025.
Unanticipated declines in business performance, increases in credit losses, increases in capital requirements and adverse regulatory or legislative changes, and deterioration in economic or market conditions, as well as circumstances related to Citi’s strategic refresh, are factors that could result in a material impairment loss to earnings in a future period related to some portion of the associated goodwill.
Reporting units used for goodwill assessment at the Citigroup consolidated level may differ from the reporting units of its subsidiaries.
For additional information regarding Citi’s goodwill impairment testing process, see “Goodwill” in Note 1 for Citi’s accounting policy for goodwill and Note 3 for a description of Citi’s operating segments.
Intangible Assets
The components of intangible assets were as follows:

 December 31, 2025December 31, 2024
In millions of dollarsGross
carrying
amount		Accumulated
amortization		Net
carrying
amount		Gross
carrying
amount		Accumulated
amortization		Net
carrying
amount
Purchased credit card relationships(1)
$5,315 $4,639 $676 $5,315 $4,507 $808 
Credit card contract-related intangibles(2)
4,579 1,987 2,592 4,586 1,905 2,681 
Other customer relationships321 291 30 325 278 47 
Present value of future profits35 35 — 31 30 1 
Indefinite-lived intangible assets227 — 227 197 — 197 
Intangible assets (excluding MSRs)$10,477 $6,952 $3,525 $10,454 $6,720 $3,734 
Mortgage servicing rights (MSRs)(3)
759 — 759 760 — 760 
Total intangible assets$11,236 $6,952 $4,284 $11,214 $6,720 $4,494 


The changes in intangible assets were as follows:


Net carrying
amount at		Acquisitions/renewals/divestituresNet carrying
amount at
In millions of dollarsDecember 31, 2024AmortizationImpairmentsFX translation and otherDecember 31,
2025
Purchased credit card relationships(1)
$808 $— $(132)$— $— $676 
Credit card contract-related intangibles(2)
2,681 1 (92)— 2 2,592 
Other customer relationships47 2 (20)— 1 30 
Present value of future profits1 — (1)— — — 
Indefinite-lived intangible assets197 — — — 30 227 
Intangible assets (excluding MSRs)$3,734 $3 $(245)$— $33 $3,525 
Mortgage servicing rights (MSRs)(3)
760 759 
Total intangible assets$4,494 $4,284 

(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 23.
Intangible assets amortization expense was $245 million, $371 million and $370 million for 2025, 2024 and 2023, respectively. Intangible assets amortization expense is estimated to be $235 million in 2026, $226 million in 2027, $215 million in 2028, $183 million in 2029 and $143 million in 2030.