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 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 capital or expense deployed in the region.




		December 31		Year Ended December 31
(Dollars in millions)	Year	Total Assets ⁽¹⁾		Total Revenue, Net of Interest Expense ⁽²⁾		Income Before Income Taxes		Net Income (Loss)
U.S. ⁽³⁾	2014	$	1,792,719	$	72,960	$	4,643	$	3,305
	2013	1,803,243		76,612		13,221		10,588
	2012			72,175		1,867		4,116
Asia ⁽⁴⁾	2014	92,005		3,605		759		473
	2013	98,605		4,442		1,382		887
	2012			3,478		353		282
Europe, Middle East and Africa	2014	190,365		6,409		1,098		813
	2013	169,708		6,353		1,003		(403		)
	2012			6,011		323		(543		)
Latin America and the Caribbean	2014	29,445		1,273		355		242
	2013	30,717		1,535		566		359
	2012			1,670		529		333
Total Non-U.S.	2014	311,815		11,287		2,212		1,528
	2013	299,030		12,330		2,951		843
	2012			11,159		1,205		72
Total Consolidated	2014	$	2,104,534	$	84,247	$	6,855	$	4,833
	2013	2,102,273		88,942		16,172		11,431
	2012			83,334		3,072		4,188


⁽¹⁾	Total assets include long-lived assets, which are primarily located in the U.S.


⁽²⁾	There were no material intercompany revenues between geographic regions for any of the periods presented.


⁽³⁾	Substantially reflects the U.S.


⁽⁴⁾	Amounts include pretax gains of $753 million ($474 million net-of-tax) on the sale of common shares of CCB during 2013.