7.3 billion - Citigroup

INTANGIBLE ASSETSAs of March 31, 2012 and December 31, 2011, the components of intangible assets were as follows:GrosscarryingamountMarch 31, 2012 December 31, 2011NetGrossNetcarrying carrying Accumulated carryingamount amount amortization amountAccumulatedIn millions of dollarsamortizationPurchased credit card relationships $ 7,646 $5,436 $2,210 $ 7,616 $ 5,309 $ 2,307Core deposit intangibles 1,317 957 360 1,337 965 372Other customer relationships 790 351 439 830 356 474Present value of future profits 239 128 111 235 123 112Indefinite-lived intangible assets 520 — 520 492 — 492Other (1) 4,851 2,078 2,773 4,866 2,023 2,843Intangible assets (excluding MSRs) $15,363 $8,950 $6,413 $15,376 $ 8,776 $ 6,600Mortgage servicing rights (MSRs) 2,691 — 2,691 2,569 — 2,569Total intangible assets $18,054 $8,950 $9,104 $17,945 $ 8,776 $ 9,169(1) Includes contract-related intangible assets.The changes in intangible assets during the first three months of 2012 were as follows:Net carryingamount atDecember 31,2011(1) Includes foreign exchange translation and purchase accounting adjustments.(2) See Note 17 to the Consolidated Financial Statements for the roll-forward of MSRs.FXandother (1)Net carryingamount atMarch 31,2012Acquisitions/In millions of dollarsdivestitures Amortization ImpairmentsPurchased credit card relationships $ 2,307 $— $(102) $— $ 5 $2,210Core deposit intangibles 372 — (21) — 9 360Other customer relationships 474 — (11) — (24) 439Present value of future profits 112 — (2) — 1 111Indefinite-lived intangible assets 492 — — — 28 520Other 2,843 2 (82) — 10 2,773Intangible assets (excluding MSRs) $ 6,600 $2 $(218) $— $ 29 $6,413Mortgage servicing rights (MSRs) (2) 2,569 2,691Total intangible assets $ 9,169 $9,104129CITIGROUP – 2012 FIRST QUARTER 10-Q