Citibank 2011 Annual Report Download - page 229

207
18. GOODWILL AND INTANGIBLE ASSETS
Goodwill
The changes in Goodwill during 2011 and 2010 were as follows:
In millions of dollars
"ALANCEæATæ$ECEMBERææ 
&OREIGNæEXCHANGEæTRANSLATION 
3MALLERæACQUISITIONSDIVESTITURESæPURCHASEæACCOUNTINGæADJUSTMENTSæANDæOTHER 
"ALANCEæATæ$ECEMBERææ 
&OREIGNæEXCHANGEæTRANSLATION (636)
3MALLERæACQUISITIONSDIVESTITURESæPURCHASEæACCOUNTINGæADJUSTMENTSæANDæOTHER 44
$ISCONTINUEDæOPERATIONS (147)
Balance at December 31, 2011 $25,413
The changes in Goodwill by segment during 2011 and 2010 were as follows:
In millions of dollars
Global
Consumer
Banking
Institutional
Clients
Group Citi Holdings
Corporate/
Other Total
"ALANCEæATæ$ECEMBERææ       
'OODWILLæACQUIREDæDURINGæ         
'OODWILLæDISPOSEDæOFæDURINGæ     
/THERæ     
"ALANCEæATæ$ECEMBERææ      
'OODWILLæACQUIREDæDURINGæ $— $19 $— $— $19
'OODWILLæDISPOSEDæOFæDURINGæ — (6) (153) — (159)
/THERæ (465) (102) (32) — (599)
Balance at December 31, 2011 $10,236 $10,737 $ 4,440 $— $25,413
æ /THERæCHANGESæINæGoodwillæPRIMARILYæREFLECTæFOREIGNæEXCHANGEæEFFECTSæONæNONDOLLARDENOMINATEDæGOODWILLæASæWELLæASæPURCHASEæACCOUNTINGæADJUSTMENTS
Goodwill impairment testing is performed at a level below the business
segments (referred to as a reporting unit). The reporting unit structure in
2011 is consistent with those reporting units identified in the second quarter
of 2009 as a result of the change in organizational structure. During 2011,
goodwill was allocated to disposals and tested for impairment for each of
the reporting units. The Company performed goodwill impairment testing
for all reporting units as of July 1, 2011. No goodwill was written off due to
impairment in 2009, 2010 and 2011.