GOODWILL AND INTANGIBLE ASSETS

The changes in Goodwill were as follows:


In millions of dollars	Services		Markets		Banking		USCC(1)		Wealth(1)		All Other		Total
Balance at December 31, 2025	$	2,141	$	5,833	$	1,028	$	4,733	$	5,062	$	301	$	19,098
Foreign currency translation	(31)		(75)		—		—		4		1		(101)











Balance at March 31, 2026	$	2,110	$	5,758	$	1,028	$	4,733	$	5,066	$	302	$	18,997

(1)During the first quarter of 2026, approximately $609 million of goodwill was transferred from USCC to Wealth in connection with the business realignment. Prior-period amounts have been revised to conform to the current presentation. See Note 3.

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.

As discussed in Note 3, effective January 1, 2026, Citi transferred its Retail Banking business from the former U.S. Personal Banking (USPB) to Wealth and integrated the remaining USPB businesses into a new U.S. Consumer Cards (USCC) segment. This business realignment was identified as a triggering event for purposes of goodwill impairment testing. In accordance with ASC 350, an interim goodwill impairment test was performed in the first quarter of 2026, which resulted in no impairment. Goodwill was reallocated from USCC to Wealth based on relative fair values as of the effective date of the business realignment. No additional triggering events were identified, and no goodwill impairment was recorded during the quarter.

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.

For additional information regarding Citi’s goodwill impairment testing process, see Notes 1 (“Goodwill”) and 17 to the Consolidated Financial Statements in Citi’s 2025 Form 10-K.

The components of intangible assets were as follows:


	March 31, 2026						December 31, 2025
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	$	4,669	$	646	$	5,315	$	4,639	$	676
Credit card contract-related intangibles(2)	4,661		2,021		2,640		4,579		1,987		2,592
Other customer relationships	315		290		25		321		291		30
Present value of future profits	35		35		—		35		35		—
Indefinite-lived intangible assets	228		—		228		227		—		227

Intangible assets (excluding MSRs)	$	10,554	$	7,015	$	3,539	$	10,477	$	6,952	$	3,525
Mortgage servicing rights (MSRs)(3)	766		—		766		759		—		759
Total intangible assets	$	11,320	$	7,015	$	4,305	$	11,236	$	6,952	$	4,284

The changes in intangible assets were as follows:


In millions of dollars	Net carrying amount at December 31, 2025		Acquisitions/renewals/ divestitures		Amortization		Impairments		FX translation and other		Net carrying amount at March 31, 2026
Purchased credit card relationships(1)	$	676	$	—	$	(30)	$	—	$	—	$	646
Credit card contract-related intangibles(2)	2,592		82		(34)		—		—		2,640
Other customer relationships	30		—		(5)		—		—		25
Present value of future profits	—		—		—		—		—		—
Indefinite-lived intangible assets	227		—		—		—		1		228

Intangible assets (excluding MSRs)	$	3,525	$	82	$	(69)	$	—	$	1	$	3,539
MSRs(3)	759										766
Total intangible assets	$	4,284									$	4,305

(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.