Segment and Related Information (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of operating results by segment

A summary of operating results by segment for the three months ended March 31 is as follows:



	2015						2014
(in millions)	Revenue			Operating Profit			Revenue			Operating Profit
S&P Ratings ¹	$	606		$	291		$	569		$	240
S&P Capital IQ	320			63			301			53
S&P DJ Indices	143			95			137			91
C&C	225			85			211			70
Intersegment elimination ²	(21		)	—			(22		)	—
Total operating segments	1,273			534			1,196			454
Unallocated expense	—			(33		)	—			(34		)
Total	$	1,273		$	501		$	1,196		$	420


¹	2015 includes a benefit of $35 million related to legal settlement insurance recoveries, partially offset by $29 million of legal settlement charges.


²	Revenue for S&P Ratings and expenses for S&P Capital IQ include an intersegment royalty charged to S&P Capital IQ for the rights to use and distribute content and data developed by S&P Ratings.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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