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International Operations (Tables)
12 Months Ended
Dec. 31, 2018
Segments, Geographical Areas [Abstract]  
Schedule of revenue from external customers attributed to foreign countries by geographic area The following table presents income statement and balance sheet-related information for JPMorgan Chase by major international geographic area. The Firm defines international activities for purposes of this footnote presentation as business transactions that involve clients residing outside of the U.S., and the information presented below is based predominantly on the domicile of the client, the location from which the client relationship is managed, or the location of the trading desk. However, many of the Firm’s U.S. operations serve international businesses.
As the Firm’s operations are highly integrated, estimates and subjective assumptions have been made to apportion revenue and expense between U.S. and international operations. These estimates and assumptions are consistent with the allocations used for the Firm’s segment reporting as set forth in Note 31.
The Firm’s long-lived assets for the periods presented are not considered by management to be significant in relation to total assets. The majority of the Firm’s long-lived assets are located in the U.S.
As of or for the year ended December 31,
(in millions)
 
Revenue(b)(c)
 
Expense(c)(d)
 
Income before income tax
expense
 
Net income
 
Total assets

 
2018
 
 
 
 
 
 
 
 
 
 
 
Europe/Middle East/Africa
 
$
16,181

 
$
9,953

 
$
6,228

 
$
4,444

 
$
423,835

(e) 
Asia/Pacific
 
7,119

 
4,866

 
2,253

 
1,593

 
171,242

 
Latin America/Caribbean
 
2,435

 
1,413

 
1,022

 
718

 
46,560

 
Total international
 
25,735

 
16,232

 
9,503

 
6,755

 
641,637

 
North America(a)
 
83,294

 
52,033

 
31,261

 
25,719

 
1,980,895

 
Total
 
$
109,029

 
$
68,265

 
$
40,764

 
$
32,474

 
$
2,622,532

 
2017
 
 
 
 
 
 
 
 
 
 
 
Europe/Middle East/Africa
 
$
15,120

 
$
9,347

 
$
5,773

 
$
4,007

 
$
407,145

(e) 
Asia/Pacific
 
6,028

 
4,500

 
1,528

 
852

 
163,718

 
Latin America/Caribbean
 
1,994

 
1,523

 
471

 
299

 
44,569

 
Total international
 
23,142

 
15,370

 
7,772

 
5,158

 
615,432

 
North America(a)
 
77,563

 
49,435

 
28,128

 
19,283

 
1,918,168

 
Total
 
$
100,705

 
$
64,805

 
$
35,900

 
$
24,441

 
$
2,533,600

 
2016
 
 
 
 
 
 
 
 
 
 
 
Europe/Middle East/Africa
 
$
14,418

 
$
9,126

 
$
5,292

 
$
3,783

 
$
394,134

(e) 
Asia/Pacific
 
6,313

 
4,414

 
1,899

 
1,212

 
156,946

 
Latin America/Caribbean
 
1,959

 
1,632

 
327

 
208

 
42,971

 
Total international
 
22,690

 
15,172

 
7,518

 
5,203

 
594,051

 
North America(a)
 
73,879

 
46,861

 
27,018

 
19,530

 
1,896,921

 
Total
 
$
96,569

 
$
62,033

 
$
34,536

 
$
24,733

 
$
2,490,972

 
(a)
Substantially reflects the U.S.
(b)
Revenue is composed of net interest income and noninterest revenue.
(c)
Effective January 1, 2018, the Firm adopted the revenue recognition guidance. The revenue recognition guidance was applied retrospectively and, accordingly, prior period amounts were revised. For additional information, refer to Note 1.
(d)
Expense is composed of noninterest expense and the provision for credit losses.
(e)
Total assets for the U.K. were approximately $296 billion, $309 billion, and $310 billion at December 31, 2018, 2017 and 2016, respectively.