| Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas |
The information that follows, in management’s judgment, provides a reasonable representation of each region’s contribution to the consolidated net revenues:
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(dollars in millions) |
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For The Year Ended December 31, 2012 |
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For The Year Ended December 31, 2011 |
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For the Year Ended
December 31, 2010
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Revenues, net of interest expense |
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Europe, Middle East, and Africa |
$ |
4,412 |
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$ |
3,897 |
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$ |
4,605 |
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Pacific Rim |
2,263 |
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2,387 |
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2,244 |
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Latin America |
1,131 |
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1,164 |
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1,072 |
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Canada |
280 |
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272 |
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207 |
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Total Non-U.S. |
8,086 |
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7,720 |
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8,128 |
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United States(1)(2)
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12,131 |
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16,677 |
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19,823 |
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Total revenues, net of interest expense |
$ |
20,217 |
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$ |
24,397 |
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$ |
27,951 |
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(1) |
U.S. results for the years ended December 31, 2012, December 31, 2011 and December 31, 2010 included losses of $3.2 billion, gains of $2.0 billion and losses of $0.1 billion, respectively, due to the impact of the changes in Merrill Lynch’s credit spreads on the carrying values of certain long-term borrowings, primarily structured notes.
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(2) |
Corporate net revenues and adjustments are reflected in the U.S. region. |
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