| Performance by Geographic Area |
Performance by Geographical Area
Since the Corporation’s operations are highly integrated, certain asset, liability, income and expense amounts must be allocated to arrive at total assets, total revenue, net of interest expense, income (loss) before income taxes and net income (loss) by geographic area. The Corporation identifies its geographic performance based on the business unit structure used to manage the capital or expense deployed in the region as applicable. This requires certain judgments related to the allocation of revenue so that revenue can be appropriately matched with the related capital or expense deployed in the region.
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December 31 |
|
Year Ended December 31 |
(Dollars in millions) |
Year |
|
Total Assets (1)
|
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Total Revenue, Net of Interest Expense (2)
|
|
Income (Loss) Before Income Taxes |
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Net Income (Loss) |
U.S. (3)
|
2013 |
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$ |
1,803,243 |
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$ |
76,612 |
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$ |
13,221 |
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$ |
10,588 |
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2012 |
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1,902,946 |
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72,175 |
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1,867 |
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4,116 |
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2011 |
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73,613 |
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(9,261 |
) |
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(3,471 |
) |
Asia (4)
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2013 |
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98,605 |
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4,442 |
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1,382 |
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887 |
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2012 |
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102,492 |
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3,478 |
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353 |
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282 |
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2011 |
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10,890 |
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7,598 |
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4,787 |
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Europe, Middle East and Africa |
2013 |
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169,708 |
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6,353 |
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1,003 |
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(403 |
) |
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2012 |
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171,209 |
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6,011 |
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323 |
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(543 |
) |
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2011 |
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7,320 |
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1,009 |
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(137 |
) |
Latin America and the Caribbean |
2013 |
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30,717 |
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1,535 |
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566 |
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359 |
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2012 |
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33,327 |
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1,670 |
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529 |
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333 |
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2011 |
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1,631 |
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424 |
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267 |
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Total Non-U.S. |
2013 |
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299,030 |
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12,330 |
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2,951 |
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843 |
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2012 |
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307,028 |
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11,159 |
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1,205 |
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72 |
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2011 |
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19,841 |
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9,031 |
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4,917 |
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Total Consolidated |
2013 |
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$ |
2,102,273 |
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$ |
88,942 |
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$ |
16,172 |
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$ |
11,431 |
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2012 |
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2,209,974 |
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83,334 |
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3,072 |
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4,188 |
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2011 |
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93,454 |
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(230 |
) |
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1,446 |
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(1) |
Total assets include long-lived assets, which are primarily located in the U.S. |
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(2) |
There were no material intercompany revenues between geographic regions for any of the periods presented. |
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(3) |
Includes the Corporation’s Canadian operations, which had total assets of $9.6 billion and $8.3 billion at December 31, 2013 and 2012; total revenue, net of interest expense of $364 million, $317 million and $1.3 billion; income before income taxes of $258 million, $202 million and $621 million; and net income of $199 million, $141 million and $528 million for 2013, 2012 and 2011, respectively.
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(4) |
Amounts include pre-tax gains of $753 million and $6.5 billion ($474 million and $4.1 billion net-of-tax) on the sale of common shares of CCB during 2013 and 2011.
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