Bank of America 2015 Annual Report Download - page 251

Bank of America 2015 249
NOTE 26 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) 2015 $ 1,849,128 $ 71,659 $ 20,148 $ 14,689
2014 1,792,719 72,960 4,643 3,305
2013 76,612 13,221 10,588
Asia (4) 2015 86,994 3,524 726 457
2014 92,005 3,605 759 473
2013 4,442 1,382 887
Europe, Middle East and Africa 2015 178,899 6,081 938 516
2014 190,365 6,409 1,098 813
2013 6,353 1,003 (403)
Latin America and the Caribbean 2015 29,295 1,243 342 226
2014 29,445 1,273 355 242
2013 1,535 566 359
Total Non-U.S. 2015 295,188 10,848 2,006 1,199
2014 311,815 11,287 2,212 1,528
2013 12,330 2,951 843
Total Consolidated 2015 $ 2,144,316 $ 82,507 $ 22,154 $ 15,888
2014 2,104,534 84,247 6,855 4,833
2013 88,942 16,172 11,431
(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.