International operations

International activity includes Investment Management and Investment Services fee revenue generating businesses, foreign exchange trading activity, loans and other revenue producing assets and transactions in which the customer is domiciled outside of the United States and/or the international activity is resident at an international entity. Due to the nature of our international and domestic activities, it is not possible to precisely distinguish between internationally and domestically domiciled customers.

As a result, it is necessary to make certain subjective assumptions such as:


•	Income from international operations is determined after internal allocations for interest revenue, taxes, expenses and provision for credit losses.


•	Expense charges to international operations include those directly incurred in connection with such activities, as well as an allocable share of general support and overhead charges.

Total assets, total revenue, income before income taxes and net income of our international operations are shown in the table below.



International operations		International							Total International		Total Domestic
(in millions)		EMEA			APAC		Other		Total International		Total Domestic		Total
2015
	Total assets at period end (a)	$	76,679	(b)	$	17,829	$	1,176	$	95,684	$	298,096	$	393,780
	Total revenue	3,932		(b)	904		577		5,413		9,781		15,194
	Income before income taxes	1,436			451		269		2,156		2,079		4,235
	Net income	1,163			365		218		1,746		1,476		3,222
2014
	Total assets at period end (a)	$	86,189	(b)	$	16,812	$	1,516	$	104,517	$	280,786	$	385,303
	Total revenue	3,931		(b)	1,383		645		5,959		9,733		15,692
	Income before income taxes	985			913		365		2,263		1,300		3,563
	Net income	775			719		287		1,781		870		2,651
2013
	Total assets at period end (a)	$	70,046	(b)	$	20,498	$	1,808	$	92,352	$	282,164	$	374,516
	Total revenue	3,821		(b)	936		738		5,495		9,553		15,048
	Income before income taxes	1,015			493		414		1,922		1,855		3,777
	Net income	822			399		335		1,556		629		2,185


(a)	Total assets include long-lived assets, which are not considered by management to be significant in relation to total assets. Long-lived assets are primarily located in the United States.


(b)	Includes revenue of approximately $2.3 billion, $2.3 billion and $2.3 billion and assets of approximately $33.2 billion, $46.2 billion and $36.4 billion in 2015, 2014, and 2013, respectively, of international operations domiciled in the UK, which is 15%, 15% and 15% of total revenue and 8%, 12% and 10% of total assets, respectively.