| 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 Three Months Ended June 30, 2012 |
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For The Six Months Ended June 30, 2012 |
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For The Three Months Ended June 30, 2011 |
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For The Six Months Ended June 30, 2011 |
Revenues, net of interest expense |
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Europe, Middle East, and Africa |
$ |
946 |
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$ |
2,363 |
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$ |
1,331 |
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$ |
2,649 |
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Pacific Rim |
387 |
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1,107 |
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565 |
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1,336 |
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Latin America |
320 |
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582 |
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395 |
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727 |
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Canada |
44 |
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150 |
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74 |
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153 |
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Total Non-U.S. |
1,697 |
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4,202 |
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2,365 |
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4,865 |
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United States(1)(2)
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3,352 |
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5,576 |
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4,537 |
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9,897 |
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Total revenues, net of interest expense |
$ |
5,049 |
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$ |
9,778 |
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$ |
6,902 |
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$ |
14,762 |
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(1) |
U.S. results for the three and six months ended June 30, 2012 included net losses of $36 million and $2.2 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. U.S. results for the three and six months ended June 30, 2011 included gains of $0.1 billion and losses of $0.2 billion, respectively, due to the impact of 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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