Note 33 – International operations

The following table presents income statement–related information for JPMorgan Chase by major international geographic area. The Firm defines international activities as business transactions that involve customers residing outside of the U.S., and the information presented below is based primarily upon the domicile of the customer, the location from which the customer 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 34 on pages 290–293 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.


					Income (loss) before income
					tax expense/(benefit)
Year ended December 31, (in millions)	Revenue^(a)		Expense^(b)		and extraordinary gain			Net income		Average assets

2010
Europe/Middle East and Africa	$	14,113	$	8,712	$	5,401		$	3,655	$	425,374
Asia and Pacific		5,791		3,577		2,214			1,470		134,787
Latin America and the Caribbean		1,810		1,152		658			395		30,021
Other		510		413		97			59		6,579

Total international		22,224		13,854		8,370			5,579		596,761
Total U.S.		80,470		63,981		16,489			11,791		1,456,490

Total	$	102,694	$	77,835	$	24,859		$	17,370	$	2,053,251

2009
Europe/Middle East and Africa	$	16,915	$	8,610	$	8,305		$	5,485	$	383,003
Asia and Pacific		5,088		3,438		1,650			1,119		100,932
Latin America and the Caribbean		1,982		1,112		870			513		23,227
Other		659		499		160			105		7,074

Total international		24,644		13,659		10,985			7,222		514,236
Total U.S.		75,790		70,708		5,082			4,506		1,509,965

Total	$	100,434	$	84,367	$	16,067		$	11,728	$	2,024,201

2008
Europe/Middle East and Africa	$	11,449	$	8,403	$	3,046		$	2,483	$	352,558
Asia and Pacific		4,097		3,580		517			672		108,751
Latin America and the Caribbean		1,353		903		450			274		30,940
Other		499		410		89			21		6,553

Total international		17,398		13,296		4,102			3,450		498,802
Total U.S.		49,854		51,183		(1,329	)		2,155		1,292,815

Total	$	67,252	$	64,479	$	2,773		$	5,605	$	1,791,617


(a)		Revenue is composed of net interest income and noninterest revenue.
(b)		Expense is composed of noninterest expense and the provision for credit losses.