GOODWILL AND INTANGIBLE ASSETS (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of goodwill |
The changes in Goodwill were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | In millions of dollars | Services | Markets(1) | Banking(1) | USPB | Wealth | All Other | | | Total | | Balance at December 31, 2022 | $ | 2,167 | | $ | 5,785 | | $ | 1,034 | | $ | 5,273 | | $ | 4,468 | | $ | 964 | | | | $ | 19,691 | | | Foreign currency translation | 47 | | 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 translation | 89 | | 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.
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| Components of intangible assets, finite-lived |
The components of intangible assets were as follows:
| | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | December 31, 2024 | | In millions of dollars | Gross
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 relationships | 321 | | 291 | | 30 | | 325 | | 278 | | 47 | | | Present value of future profits | 35 | | 35 | | — | | 31 | | 30 | | 1 | | | Indefinite-lived intangible assets | 227 | | — | | 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 | |
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| Components of intangible assets, indefinite-lived |
The components of intangible assets were as follows:
| | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | December 31, 2024 | | In millions of dollars | Gross
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 relationships | 321 | | 291 | | 30 | | 325 | | 278 | | 47 | | | Present value of future profits | 35 | | 35 | | — | | 31 | | 30 | | 1 | | | Indefinite-lived intangible assets | 227 | | — | | 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 | |
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| Changes in intangible assets |
The changes in intangible assets were as follows:
| | | | | | | | | | | | | | | | | | | | | | Net carrying
amount at | Acquisitions/renewals/divestitures | | | | Net carrying
amount at | | In millions of dollars | December 31, 2024 | Amortization | Impairments | FX translation and other | December 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 relationships | 47 | | 2 | | (20) | | — | | 1 | | 30 | | | Present value of future profits | 1 | | — | | (1) | | — | | — | | — | | | Indefinite-lived intangible assets | 197 | | — | | — | | — | | 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.
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