ABB Annual Report 2012 PDF - ABB Group Annual Report 2012

Note 23Operating segment andgeographic dataGeographic informationLong-lived assetsRevenuesat December 31,($ in millions) 2012 2011 2010 2012 2011Europe 14,073 14,657 12,378 3,543 3,067The Americas 10,699 9,043 6,213 1,347 829Asia 10,750 10,136 8,872 883 862Middle East and Africa 3,814 4,154 4,126 174 16439,336 37,990 31,589 5,947 4,922Revenues by geography reflect the location of the customer. Approximately 17 percent, 14 percent and 10 percent ofthe Company’s total revenues in 2012, 2011 and 2010, respectively, came from customers in the United States. Approximately12 percent, 13 percent and 14 percent of the Company’s total revenues in 2012, 2011 and 2010, respectively,were generated from customers in China. In 2012, 2011, and 2010, more than 98 percent of the Company’s total revenueswere generated from customers outside Switzerland.Long-lived assets represent “Property, plant and equipment, net” and are shown by location of the assets. At December31, 2012, approximately 17 percent of the Company’s long-lived assets were located in each of Switzerland and theUnited States. At December 31, 2011, approximately 19 percent and 13 percent of the Company’s long-lived assetswere located in Switzerland and Sweden, respectively.The Company does not segregate revenues derived from transactions with external customers for each type or group ofproducts and services. Accordingly, it is not practicable for the Company to present revenues from external customersby product and service type.At December 31, 2012, approximately 49 percent of the Company’s employees are subject to collective bargainingagreements in various countries. Approximately half of these agreements will expire in 2013. Collective bargaining agreementsare subject to various regulatory requirements and are renegotiated on a regular basis in the normal course ofbusiness.Note 24CompensationThe disclosures required by the Swiss Code of Obligations on compensation to the Board of Directors and ExecutiveCommittee are shown in Notes 10, 11 and 12 to the Financial Statements of ABB Ltd, Zurich.134 Financial review | ABB Annual Report 2012