Income tax provision (benefit) is calculated on a separate return basis; however, benefits from operating losses, loss carrybacks and tax credits (principally foreign tax credits) recognizable for the company’s consolidated reporting purposes are allocated based upon the tax sharing agreement among members of the American Express Company consolidated U.S. tax group. Assets are those that are used or generated exclusively by each industry segment. The adjustments and eliminations required to determine the consolidated amounts shown above consist principally of the elimination of inter-segment amounts. The following table presents the company’s revenues and pretax income in different geographic regions: Foreign currency transaction (losses) gains amounted to ($77 million), $16 million and $102 million in 2002, 2001 and 2000, respectively. Most services of the company are provided on an integrated worldwide basis. Therefore, it is not practicable to separate pre- cisely the U.S. and international services. Accordingly, the data in the above table are, in part, based upon internal allocations, which necessarily involve management’s judgment. In the third and fourth quarters of 2001, the company recorded aggregate restructuring charges of $631 million ($411 million after-tax). The aggregate restructuring charges consisted of $369 million for severance related to the original plans to eliminate approximately 12,900 jobs and $262 million of exit costs primarily consisting of $138 million of charges related to the consoli- dation of real estate facilities, $35 million of asset impairment charges, $26 million recorded in loss provisions, $25 million in contract termination costs and $24 million of currency translation losses.  During the year ended December 31, 2002, the company adjusted the prior year’s aggregate restructuring charge liability by taking back into income a net pretax amount of $31 million ($20 million after-tax). This is comprised of the reversal of severance and related benefits of $62 million, primarily caused by voluntary attrition or redeployment into open jobs of approximately 4,100 employees whose jobs were eliminated, partially offset by additional net exit costs of $31 million. These net exit costs include $46 million of additional costs relating to certain domestic and international office facilities, a $20 million reduction primarily due to revisions to plans relating to certain travel office locations and a $5 million additional charge for write-offs of building and related costs in facilities affected by the restructuring plan. As of December 31, 2002, the company had executed all restructuring plans related to the 2001 charges. The severance component of the remaining restructuring related reserve includes $44 million in severance for employees terminated as part of the 2001 plan and will be substantially paid out by the end of 2003. In addition, the remaining other component of the restructuring reserve includes $62 million primarily related to lease commitments on facilities and $22 million of costs associated with travel office closures as a result  of the 2001 plans. The payments on these obligations are spread over the next several years due to lease terminations for which the company is still obligated to make payments.  Of the $31 million net pretax aggregate adjustment activity recognized in 2002, related to the reserves established in 2001, $23 million was recorded at TRS and $8 million was recorded at AEB. Geographic Operations Note 19 RESTRUCTURING CHARGES Adjustments United and (Millions) States Europe Asia/Pacific All Other Eliminations Consolidated 2002 Revenues $ 19,286 $ 1,943 $ 1,685 $ 1,586 $ (693) $ 23,807 Pretax income $ 2,983 $ 310 $ 181 $ 253 — $ 3,727 2001 Revenues $ 17,522 $ 2,556 $ 1,523 $ 1,667 $ (686) $ 22,582 Pretax income $ 1,177 $ 101 $ 159 $ 159 — $ 1,596 2000 Revenues $ 18,529 $ 2,731 $ 1,582 $ 1,629 $ (796) $ 23,675 Pretax income $ 3,049 $ 411 $ 199 $ 249 — $ 3,908 I 82 AXP I NOTES TO CONSOLIDATED FINANCIAL STATEMENTS