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Segment and Geographic Information | 12 Months Ended
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Dec. 31, 2012
Segment Reporting [Abstract] |
Segment and Geographic Information | Segment and Geographic Information As discussed in Note 1 – Accounting Policies, we have four reportable segments: S&P Ratings, S&P Capital IQ, S&P DJ Indices and C&C. As a result of our joint venture between CME Group and Dow Jones & Company, Inc., to form a new company, S&P Dow Jones Indices LLC and how we are managing this company, combined with the formation of McGraw Hill Financial, we have separated our previously reported S&P Capital IQ / S&P Indices segment into two separate reportable segments. These changes had no impact on consolidated revenue or operating profit. Our previously reported MHE segment is reported as a discontinued operation as discussed in Note 2 – Growth and Value Plan & Discontinued Operations. The Executive Committee, consisting of our principal corporate executives, is our chief operating decision-maker and evaluates performance of our segments and allocates resources based primarily on operating profit. Segment operating profit does not include unallocated expense or interest expense, which are centrally managed costs. We use the same accounting policies for our segments as those described in Note 1 – Accounting Policie s. Segment information for the years ended December 31 is as follows:
(in millions) | Revenue |  | Operating Profit
| 2012 | 2011 | 2010 |  | 2012 | 2011 | 2010
S&P Ratings | $ | 2,034 |  |  | $ | 1,767 |  |  | $ | 1,695 |  |  | $ | 849 |  |  | $ | 720 |  |  | $ | 762 |
S&P Capital IQ | 1,124 |  |  | 1,031 |  |  | 916 |  |  | 208 |  |  | 214 |  |  | 171 |
S&P DJ Indices | 388 |  |  | 323 |  |  | 273 |  |  | 212 |  |  | 189 |  |  | 144 |
C&C | 973 |  |  | 896 |  |  | 811 |  |  | 248 |  |  | 180 |  |  | 153 |
Intersegment elimination | (69 | ) |  | (63 | ) |  | (56 | ) |  | — |  |  | — |  |  | — |
Total operating segments | 4,450 |  |  | 3,954 |  |  | 3,639 |  |  | 1,517 |  |  | 1,303 |  |  | 1,230 |
Unallocated expense | — |  |  | — |  |  | — |  |  | (306 | ) |  | (226 | ) |  | (204 | )
Total | $ | 4,450 |  |  | $ | 3,954 |  |  | $ | 3,639 |  |  | $ | 1,211 |  |  | $ | 1,077 |  |  | $ | 1,026 |
(in millions) | Depreciation & Amortization 1 |  | Capital Expenditures
| 2012 | 2011 | 2010 |  | 2012 | 2011 | 2010
S&P Ratings | $ | 43 |  |  | $ | 40 |  |  | $ | 37 |  |  | $ | 43 |  |  | $ | 40 |  |  | $ | 39 |
S&P Capital IQ | 50 |  |  | 43 |  |  | 28 |  |  | 22 |  |  | 21 |  |  | 21 |
S&P DJ Indices | 8 |  |  | 3 |  |  | 3 |  |  | 2 |  |  | 2 |  |  | 2 |
C&C | 23 |  |  | 23 |  |  | 22 |  |  | 17 |  |  | 14 |  |  | 10 |
Total operating segments | 124 |  |  | 109 |  |  | 90 |  |  | 84 |  |  | 77 |  |  | 72 |
Corporate | 17 |  |  | 17 |  |  | 18 |  |  | 13 |  |  | 15 |  |  | 14 |
Total | $ | 141 |  |  | $ | 126 |  |  | $ | 108 |  |  | $ | 97 |  |  | $ | 92 |  |  | $ | 86 |
1 | Depreciation & Amortization includes amortization of technology projects.
Segment information as of December 31 is as follows:
(in millions) | Total Assets
| 2012 |  | 2011
S&P Ratings | $ | 726 |  |  | $ | 667 |
S&P Capital IQ | 1,123 |  |  | 809 |
S&P DJ Indices | 1,133 |  |  | 303 |
C&C | 1,000 |  |  | 954 |
Total operating segments | 3,982 |  |  | 2,733 |
Corporate 1 | 1,130 |  |  | 1,379 |
Assets held for sale | 1,940 |  |  | 2,508 |
Total | $ | 7,052 |  |  | $ | 6,620 |
1 | Corporate assets consist principally of cash and equivalents, assets for pension benefits, deferred income taxes and leasehold improvements related to subleased areas.
We have operations with foreign revenue and long-lived assets in approximately 80 countries. We do not have operations in any foreign country that represent more than 8% of our consolidated revenue. Transfers between geographic areas are recorded at agreed upon prices and intercompany revenue and profit are eliminated. No single customer accounted for more than 10% of our consolidated revenue. The following is a schedule of revenue and long-lived assets by geographic region:
(in millions) | Revenue |  | Long-lived Assets
| Years ended December 31, |  | December 31,
| 2012 |  | 2011 |  | 2010 |  | 2012 |  | 2011
United States | $ | 2,684 |  |  | $ | 2,373 |  |  | $ | 2,253 |  |  | $ | 2,376 |  |  | $ | 873 |
European region | 1,067 |  |  | 951 |  |  | 839 |  |  | 441 |  |  | 638 |
Asia | 454 |  |  | 423 |  |  | 357 |  |  | 70 |  |  | 406 |
Rest of the world | 245 |  |  | 207 |  |  | 190 |  |  | 57 |  |  | 40 |
Total | $ | 4,450 |  |  | $ | 3,954 |  |  | $ | 3,639 |  |  | $ | 2,944 |  |  | $ | 1,957 |
See Note 3 – Acquisitions and Divestitures, and Note 11 – Restructuring, for actions that impacted the segment operating results.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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