As of or for the year ended  December 31,  (in millions, except where otherwise noted) 2020 2019 2018 Total net revenue Europe/Middle East/Africa $ 13,872 $ 11,905  $ 12,422  Asia-Pacific 7,524 5,319  5,077  Latin America/Caribbean 1,931 1,543  1,473  Total international net revenue 23,327 18,767  18,972  North America 25,957 20,498  18,410  Total net revenue $ 49,284 $ 39,265  $ 37,382  Loans retained (period-end) Europe/Middle East/Africa $ 27,659 $ 26,067  $ 23,648  Asia-Pacific 12,802 14,759  17,101  Latin America/Caribbean 5,425 6,173  6,515  Total international loans 45,886 46,999  47,264  North America 87,410 74,734  82,125  Total loans retained $ 133,296 $ 121,733  $ 129,389  Client deposits and other third-party liabilities (average) Europe/Middle East/Africa $ 211,592 $ 174,477  $ 162,846  Asia-Pacific 124,145 90,364  82,867  Latin America/Caribbean 37,664 29,024  26,668  Total international $ 373,401 $ 293,865  $ 272,381  North America 237,154 170,930  162,041  Total client deposits and other third-party liabilities $ 610,555 $ 464,795  $ 434,422  AUC (period-end) (in billions) North America $ 20,028 $ 16,855  $ 14,359  All other regions 10,952 9,976  8,858  Total AUC $ 30,980 $ 26,831  $ 23,217  (c) (c) (a) (a) (b) (b) International metrics Management’s discussion and analysis In the first quarter of 2020, the Merchant Services business was realigned from CCB to CIB as part of the Firm’s Wholesale Payments business. In the fourth quarter of 2020, payment processing-only clients along with the associated revenue and expenses were realigned to CIB’s Wholesale Payments business from CCB and CB. Prior-period amounts have been revised to conform with the current presentation. (a) Total net revenue and loans retained (excluding loans held-for-sale and loans at fair value) are based on the location of the trading desk, booking location, or domicile of the client, as applicable. (b) Client deposits and other third-party liabilities pertaining to the Wholesale Payments and Securities Services businesses, and AUC, are based on the domicile of the client. (c) Prior-period amounts have been revised to conform with the current presentation. 76 JPMorgan Chase & Co./2020 Form 10-K