GOODWILL AND INTANGIBLE ASSETS (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of goodwill |
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.
|
| Components of intangible assets, finite-lived |
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. (3)See Note 19.
|
| Components of intangible assets, indefinite-lived |
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. (3)See Note 19.
|
| Changes in intangible assets |
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. (3)See Note 19.
|