International operations

The following table presents income statement-related 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 33 on pages 326–329 of this Annual Report.

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 United States.



As of or for the year ended December 31, (in millions)	Revenue^(c)		Expense^(d)		Income before income tax expense		Net income		Total assets
2012
Europe/Middle East and Africa	$	10,522	$	9,326	$	1,196	$	1,508	$	553,147	^(e)
Asia and Pacific	5,605		3,952		1,653		1,048		167,955
Latin America and the Caribbean	2,328		1,580		748		454		53,984
Total international	18,455		14,858		3,597		3,010		775,086
North America^(a)	78,576		53,256		25,320		18,274		1,584,055
Total	$	97,031	$	68,114	$	28,917	$	21,284	$	2,359,141
2011
Europe/Middle East and Africa	$	16,212	$	9,157	$	7,055	$	4,844	$	566,866	^(e)
Asia and Pacific	5,992		3,802		2,190		1,380		156,411
Latin America and the Caribbean	2,273		1,711		562		340		51,481
Total international	24,477		14,670		9,807		6,564		774,758
North America^(a)	72,757		55,815		16,942		12,412		1,491,034
Total	$	97,234	$	70,485	$	26,749	$	18,976	$	2,265,792
2010^(b)
Europe/Middle East and Africa	$	14,135	$	8,777	$	5,358	$	3,635	$	446,547	^(e)
Asia and Pacific	6,073		3,677		2,396		1,614		151,379
Latin America and the Caribbean	1,750		1,181		569		362		33,192
Total international	21,958		13,635		8,323		5,611		631,118
North America^(a)	80,736		64,200		16,536		11,759		1,486,487
Total	$	102,694	$	77,835	$	24,859	$	17,370	$	2,117,605


(a)	Substantially reflects the U.S.


(b)	The regional allocation of revenue, expense and net income for 2010 has been modified to conform with current allocation methodologies.


(c)	Revenue is composed of net interest income and noninterest revenue.


(d)	Expense is composed of noninterest expense and the provision for credit losses.


(e)	Total assets for the U.K. were approximately $498 billion, $510 billion, and $419 billion at December 31, 2012, 2011 and 2010, respectively.