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Segment and Geographic Information | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2015 | Dec. 31, 2014
Segment Reporting [Abstract] |  |
Segment and Geographic Information | Segment and Related Information We have four reportable segments: S&P Ratings, S&P Capital IQ, S&P DJ Indices and C&C. Our Chief Executive Officer 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 as these are costs that do not affect the operating results of our segments. A summary of operating results by segment for the periods ended June 30 is as follows:
Three Months | 2015 |  | 2014
(in millions) | Revenue |  | Operating Profit |  | Revenue |  | Operating Profit
S&P Ratings 1 | $ | 658 |  |  | $ | 361 |  |  | $ | 664 |  |  | $ | 308 |
S&P Capital IQ | 324 |  |  | 63 |  |  | 307 |  |  | 54 |
S&P DJ Indices | 148 |  |  | 96 |  |  | 133 |  |  | 82 |
C&C | 234 |  |  | 87 |  |  | 219 |  |  | 77 |
Intersegment elimination 2 | (22 | ) |  | — |  |  | (21 | ) |  | — |
Total operating segments | 1,342 |  |  | 607 |  |  | 1,302 |  |  | 521 |
Unallocated expense 3 | — |  |  | (25 | ) |  | — |  |  | (45 | )
Total | $ | 1,342 |  |  | $ | 582 |  |  | $ | 1,302 |  |  | $ | 476 |
Six Months | 2015 |  | 2014
(in millions) | Revenue |  | Operating Profit |  | Revenue |  | Operating Profit
S&P Ratings 1 | $ | 1,264 |  |  | $ | 652 |  |  | $ | 1,233 |  |  | $ | 548 |
S&P Capital IQ | 644 |  |  | 125 |  |  | 608 |  |  | 107 |
S&P DJ Indices | 291 |  |  | 191 |  |  | 269 |  |  | 174 |
C&C | 459 |  |  | 173 |  |  | 431 |  |  | 146 |
Intersegment elimination 2 | (43 | ) |  | — |  |  | (43 | ) |  | — |
Total operating segments | 2,615 |  |  | 1,141 |  |  | 2,498 |  |  | 975 |
Unallocated expense 3 | — |  |  | (58 | ) |  | — |  |  | (79 | )
Total | $ | 2,615 |  |  | $ | 1,083 |  |  | $ | 2,498 |  |  | $ | 896 |
1 | Operating profit for the three and six months ended June 30, 2015 include a benefit related to legal settlement insurance recoveries of $45 million and $80 million, respectively, partially offset by legal settlement charges of $4 million and $34 million, respectively.
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.
3 | The three and six months ended June 30, 2015 include a gain of $11 million related to the sale of our interest in a legacy McGraw Hill Construction investment. See Note 2 — Acquisitions and Divestitures for additional information.
See Note 2 — Acquisitions and Divestitures and Note 9 — Restructuring for additional actions that impacted the segment operating results. | 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. Our Chief Executive Officer 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, as these are costs that do not affect the operating results of our segments. We use the same accounting policies for our segments as those described in Note 1 – Accounting Policie s. As part of our transformation to McGraw Hill Financial, a comprehensive review of our accounting and reporting practices and policies was undertaken. As a result, beginning on January 1, 2014, to the extent they can be attributed to our continuing operations, all shared operating services have been allocated to the segments utilizing a methodology that more closely aligns with each segment's usage of these services. The costs that remain in unallocated expense primarily relate to corporate center functions and shared operating costs allocable to discontinued operations reclassified during the current year. The updated methodology is reflected in the segment results for the year ended December 31, 2014 and accordingly, the segment results for the prior-year comparative periods have been reclassified to conform with the new presentation. Segment information for the years ended December 31 is as follows:
(in millions) | Revenue |  | Operating (Loss) Profit
| 2014 | 2013 | 2012 |  | 2014 | 2013 | 2012
S&P Ratings | $ | 2,455 |  |  | $ | 2,274 |  |  | $ | 2,034 |  |  | $ | (583 | ) |  | $ | 882 |  |  | $ | 809 |
S&P Capital IQ | 1,237 |  |  | 1,170 |  |  | 1,124 |  |  | 228 |  |  | 189 |  |  | 183 |
S&P DJ Indices | 552 |  |  | 493 |  |  | 388 |  |  | 347 |  |  | 266 |  |  | 202 |
C&C 1 | 893 |  |  | 841 |  |  | 793 |  |  | 290 |  |  | 280 |  |  | 219 |
Intersegment elimination 2 | (86 | ) |  | (76 | ) |  | (69 | ) |  | — |  |  | — |  |  | — |
Total operating segments | 5,051 |  |  | 4,702 |  |  | 4,270 |  |  | 282 |  |  | 1,617 |  |  | 1,413 |
Unallocated expense 3 | — |  |  | — |  |  | — |  |  | (169 | ) |  | (259 | ) |  | (243 | )
Total | $ | 5,051 |  |  | $ | 4,702 |  |  | $ | 4,270 |  |  | $ | 113 |  |  | $ | 1,358 |  |  | $ | 1,170 |
1 | McGraw Hill Construction has historically been part of the C&C segment. In accordance with the presentation of McGraw Hill Construction as a discontinued operation, the results of operations, inclusive of corporate overhead allocations, for all periods presented have been reclassified out of C&C's results to reflect this change. See Note 2 — Acquisitions and Divestitures for further discussion.
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.
3 | The year ended December 31, 2014 includes restructuring charges of $16 million. The year ended December 31, 2013 includes costs necessary to enable the separation of MHE and reduce our cost structure of $64 million, a $36 million non-cash impairment charge related to the sale of a data center and $13 million related to terminating various leases as we reduce our real estate portfolio. The year ended December 31, 2012 includes costs necessary to enable the separation of MHE and reduce our cost structure of $156 million and $52 million related to a vacation accrual reversal.
(in millions) | Depreciation & Amortization |  | Capital Expenditures
| 2014 | 2013 | 2012 |  | 2014 | 2013 | 2012
S&P Ratings | $ | 43 |  |  | $ | 45 |  |  | $ | 43 |  |  | $ | 33 |  |  | $ | 40 |  |  | $ | 43 |
S&P Capital IQ | 50 |  |  | 49 |  |  | 50 |  |  | 38 |  |  | 39 |  |  | 22 |
S&P DJ Indices | 7 |  |  | 10 |  |  | 8 |  |  | 2 |  |  | 4 |  |  | 2 |
C&C | 24 |  |  | 22 |  |  | 23 |  |  | 11 |  |  | 17 |  |  | 16 |
Total operating segments | 124 |  |  | 126 |  |  | 124 |  |  | 84 |  |  | 100 |  |  | 83 |
Corporate | 10 |  |  | 11 |  |  | 17 |  |  | 8 |  |  | 17 |  |  | 13 |
Total | $ | 134 |  |  | $ | 137 |  |  | $ | 141 |  |  | $ | 92 |  |  | $ | 117 |  |  | $ | 96 |
Segment information as of December 31 is as follows:
(in millions) | Total Assets
| 2014 |  | 2013
S&P Ratings | $ | 624 |  |  | $ | 630 |
S&P Capital IQ | 1,011 |  |  | 1,054 |
S&P DJ Indices | 1,166 |  |  | 1,160 |
C&C | 918 |  |  | 907 |
Total operating segments | 3,719 |  |  | 3,751 |
Corporate 1 | 3,052 |  |  | 2,213 |
Assets held for sale 2 | — |  |  | 97 |
Total | $ | 6,771 |  |  | $ | 6,061 |
1 | Corporate assets consist principally of cash and equivalents, assets for pension benefits, deferred income taxes and leasehold improvements related to subleased areas.
2 | Includes McGraw Hill Construction and one of our data centers as of December 31, 2013.
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 provides revenue and long-lived assets by geographic region:
(in millions) | Revenue |  | Long-lived Assets
| Years ended December 31, |  | December 31,
| 2014 |  | 2013 |  | 2012 |  | 2014 |  | 2013
United States | $ | 2,911 |  |  | $ | 2,723 |  |  | $ | 2,508 |  |  | $ | 2,117 |  |  | $ | 2,206 |
European region | 1,316 |  |  | 1,226 |  |  | 1,067 |  |  | 430 |  |  | 432 |
Asia | 528 |  |  | 483 |  |  | 453 |  |  | 54 |  |  | 59 |
Rest of the world | 296 |  |  | 270 |  |  | 242 |  |  | 64 |  |  | 54 |
Total | $ | 5,051 |  |  | $ | 4,702 |  |  | $ | 4,270 |  |  | $ | 2,665 |  |  | $ | 2,751 |
| Revenue |  | Long-lived Assets
| Years ended December 31, |  | December 31,
| 2014 |  | 2013 |  | 2012 |  | 2014 |  | 2013
United States | 58 | % |  | 58 | % |  | 59 | % |  | 80 | % |  | 80 | %
European region | 26 |  |  | 26 |  |  | 25 |  |  | 16 |  |  | 16 |
Asia | 10 |  |  | 10 |  |  | 11 |  |  | 2 |  |  | 2 |
Rest of the world | 6 |  |  | 6 |  |  | 5 |  |  | 2 |  |  | 2 |
Total | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
See Note 2 – Acquisitions and Divestitures and Note 10 – 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 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: 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=51669610&loc=d3e9038-108599 Reference 3: 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=51669610&loc=d3e8971-108599 Reference 4: 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=51669610&loc=d3e8595-108599 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=51669610&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 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: 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=51669610&loc=d3e8844-108599 Reference 8: 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=51669610&loc=d3e8984-108599 Reference 9: 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=51669610&loc=d3e9031-108599 Reference 10: 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=51669610&loc=d3e9054-108599 Reference 11: 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=51669610&loc=d3e8538-108599 Reference 12: 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=51669610&loc=d3e8864-108599 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=51669610&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 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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