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Acquisitions and Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Schedule of Preliminary Purchase Price Allocation | The following table presents the final allocation of purchase price to the assets and liabilities of SNL as a result of the acquisition.
(in millions) |
Current assets | $ | 29 |
Property, plant and equipment | 19 |
Goodwill | 1,574 |
Other intangible assets, net: |
Databases and software | 421 |
Customer relationships | 162 |
Tradenames | 185 |
Other intangibles | 4 |
Other intangible assets, net | 772 |
Other non-current assets | 1 |
Total assets acquired | 2,395 |
Current liabilities | (43 | )
Unearned revenue | (117 | )
Other non-current liabilities | (1 | )
Total liabilities acquired | (161 | )
Net assets acquired | $ | 2,234 |
Schedule of Supplemental Information on an Unaudited Pro Forma Basis | Supplemental information on an unaudited pro forma basis is presented below for the year ended December 31, 2015 as if the acquisition of SNL occurred on January 1, 2015. The pro forma financial information is presented for comparative purposes only, based on estimates and assumptions, which the Company believes to be reasonable but not necessarily indicative of the consolidated financial position or results of operations in future periods or the results that actually would have been realized had this acquisition been completed at the beginning of 2015. The unaudited pro forma information includes intangible asset charges and incremental borrowing costs as a result of the acquisition, net of related tax, estimated using the Company's effective tax rate for continuing operations for the periods presented.
(in millions) | Year Ended
| December 31, 2015
Pro forma revenue | $ | 5,477 |
Pro forma net income | $ | 1,258 |
Schedule of Liabilities Assumed in Conjunction with Acquisition of Businesses | Liabilities assumed in conjunction with our acquisitions are as follows:
(in millions) | Year ended December 31,
| 2017 |  | 2016 |  | 2015
Fair value of assets acquired | $ | 83 |  |  | $ | 253 |  |  | $ | 2,576 |
Cash paid (net of cash acquired) | 83 |  |  | 211 |  |  | 2,401 |
Liabilities assumed | $ | — |  |  | $ | 42 |  |  | $ | 175 |
Schedule of Key Components of Disposal Groups | The operating profit of our businesses that were disposed of or held for sale for the years ending December 31, 2017, 2016, and 2015 is as follows:
(in millions) | Year ended December 31,
| 2017 |  | 2016 |  | 2015
Operating profit 1 | $ | — |  |  | $ | 62 |  |  | $ | 85 |
1 The year ended December 31, 2016 excludes a pre-tax gain of $1.1 billion on our dispositions. The components of assets and liabilities held for sale related to QuantHouse, which were included in prepaid and other current assets and other current liabilities in the consolidated balance sheet, consist of the following:
(in millions) | December 31, 2016
Accounts receivable, net | $ | 4 |
Other assets | 3 |
Assets of a business held for sale | $ | 7 |
Accounts payable and accrued expenses | $ | 3 |
Unearned revenue | 7 |
Other liabilities | 35 |
Liabilities of a business held for sale | $ | 45 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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