Citibank 2014 Annual Report Download - page 232

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The following table shows reporting units with goodwill balances as of
December 31, 2014 and the fair value as a percentage of allocated book value
as of the annual impairment test.
In millions of dollars
Reporting Unit (1)
Fair Value as a % of
allocated book value Goodwill
North America Global Consumer Banking 260% $6,756
EMEA Global Consumer Banking 178 332
Asia Global Consumer Banking 264 4,704
Latin America Global Consumer Banking 214 1,602
Banking 404 3,481
Markets and Securities Services 200 6,675
Latin America Retirement Services 193 42
(1) Citi Holdings—Other is excluded from the table as there is no goodwill allocated to it.
During the fourth quarter of 2014, Citi announced its intention to exit
its consumer businesses in 11 markets in Latin America, Asia and EMEA,
as well as its consumer finance business in Korea. Citi also announced
its intention to exit several non-core transactions businesses within ICG.
Effective January 1, 2015, these businesses were transferred to Citi Holdings
and aggregated to five new reporting units: Citi Holdings—Consumer
EMEA, Citi Holdings—Consumer Latin America, Citi Holdings—
Consumer Japan, Citi Holdings—Consumer Finance South Korea, and
Citi Holdings—ICG. Goodwill balances associated with the transfers were
allocated to each of the component businesses based on their relative fair
values to the legacy reporting units.