|
Note 22
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, Income (Loss) Before Income Taxes and Net Income (Loss) by geographic area. The Corporation identifies its geographic performance based upon 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 expense or capital deployed in the region.
|
| At December 31
|
|
Year Ended December 31
|
|
| (Dollars in millions) |
|
Year
|
|
Total
Assets(1)
|
|
Total
|
|
Income (Loss)
Before Income
Taxes
|
| Net
Income
(Loss)
|
|
| (Restated) (Restated) |
|
2005
2004
2003 |
|
$
|
1,195,212
1,046,727
|
|
$
|
52,714
46,252
36,444 |
|
$
|
22,790
19,852
15,859 |
|
|
$
|
15,357
13,246
10,786 |
|
|
| Asia |
|
2005
2004
2003 |
|
|
28,442
21,658
|
|
|
727
674
416 |
|
|
360
260
57 |
|
|
|
255
192
54 |
|
|
| Europe, Middle East and Africa |
|
2005
2004
2003 |
|
|
51,917
27,580
|
|
|
1,257
1,136
850 |
|
|
355
335
25 |
|
|
|
229
224
23 |
|
|
| Latin America and the Caribbean |
|
2005
2004
2003 |
|
|
16,232
14,467
|
|
|
1,393
903
124 |
|
|
975
461
(160) |
|
|
|
624
285
(101) |
|
|
| Total Foreign |
|
2005
2004
2003 |
|
|
96,591
63,705
|
|
|
3,377
2,713
1,390 |
|
|
1,690
1,056
(78) |
|
|
|
1,108
701
(24) |
|
|
| Total Consolidated (Restated) (Restated) |
|
2005
2004
2003 |
|
$
|
1,291,803
1,110,432
|
|
$
|
56,091
48,965
37,834 |
|
$
|
24,480
20,908
15,781 |
|
|
$
|
16,465
13,947
10,762 |
|
| Footnote (1) |
|
Total Assets includes long-lived assets, which are primarily located in the U.S. |
| Footnote (2) |
|
There were no material intercompany revenues between geographic regions for any of the periods presented. |
| Footnote (3) |
|
Includes the Corporation’s Canadian operations, which had Total Assets of $4,052 million and $4,849 million at December 31, 2005 and 2004; Total Revenue of $113 million,
$88 million, and $96 million; Income before Income Taxes of $66 million, $49 million, and $60 million; and Net Income of $56 million, $41 million, and $12 million for the years ended December 31, 2005, 2004 and 2003. |
|
