| 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 expense or capital 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 |
|
Net Income (Loss) |
U.S. (3)
|
2012 |
|
$ |
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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1,856,654 |
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73,613 |
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(9,261 |
) |
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(3,471 |
) |
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2010 |
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95,115 |
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(5,676 |
) |
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(4,727 |
) |
Asia (4)
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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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95,776 |
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10,890 |
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7,598 |
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4,787 |
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2010 |
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4,187 |
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1,372 |
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864 |
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Europe, Middle East and Africa |
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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151,956 |
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7,320 |
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1,009 |
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(137 |
) |
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2010 |
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8,490 |
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1,549 |
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723 |
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Latin America and the Caribbean |
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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24,660 |
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1,631 |
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424 |
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267 |
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2010 |
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2,428 |
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1,432 |
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902 |
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Total Non-U.S. |
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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272,392 |
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19,841 |
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9,031 |
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4,917 |
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2010 |
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15,105 |
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4,353 |
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2,489 |
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Total Consolidated |
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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2,129,046 |
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93,454 |
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(230 |
) |
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1,446 |
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2010 |
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110,220 |
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(1,323 |
) |
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(2,238 |
) |
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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 $8.3 billion and $8.1 billion at December 31, 2012 and 2011; total revenue, net of interest expense of $317 million, $1.3 billion and $1.3 billion; income before income taxes of $202 million, $621 million and $458 million; and net income of $141 million, $528 million and $328 million for 2012, 2011 and 2010, respectively.
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(4) |
Amounts include pre-tax gains of $6.5 billion ($4.1 billion net-of-tax) on the sale of common shares of the Corporation’s investment in CCB during 2011.
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