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Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Schedule of Segment Information | Segment information for the years ended December 31 is as follows:
(in millions) | Revenue |  | Operating Profit
| 2017 | 2016 | 2015 |  | 2017 | 2016 | 2015
Ratings 1 | $ | 2,988 |  |  | $ | 2,535 |  |  | $ | 2,428 |  |  | $ | 1,524 |  |  | $ | 1,262 |  |  | $ | 1,078 |
Market and Commodities Intelligence 2 | 2,452 |  |  | 2,585 |  |  | 2,376 |  |  | 793 |  |  | 1,822 |  |  | 585 |
Indices 3 | 733 |  |  | 639 |  |  | 597 |  |  | 471 |  |  | 412 |  |  | 392 |
Intersegment elimination 4 | (110 | ) |  | (98 | ) |  | (88 | ) |  | — |  |  | — |  |  | — |
Total operating segments | 6,063 |  |  | 5,661 |  |  | 5,313 |  |  | 2,788 |  |  | 3,496 |  |  | 2,055 |
Unallocated expense 5 | — |  |  | — |  |  | — |  |  | (178 | ) |  | (127 | ) |  | (138 | )
Total | $ | 6,063 |  |  | $ | 5,661 |  |  | $ | 5,313 |  |  | $ | 2,610 |  |  | $ | 3,369 |  |  | $ | 1,917 |
1 | Operating profit for the year ended December 31, 2017 includes legal settlement expenses of $55 million and employee severance charges of $25 million. Operating profit for the year ended December 31, 2016 primarily includes a benefit related to net legal settlement insurance recoveries of $10 million and employee severance charges of $6 million. Operating profit for the year ended December 31, 2015 includes net legal settlement expenses of $54 million and employee severance charges of $13 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $4 million for the year ended December 31, 2017 and $5 million for the years ended December 31, 2016 and 2015.
2 | Operating profit for the year ended December 31, 2017 includes non-cash acquisition and disposition-related adjustments of $15 million, employee severance charges of $9 million, a charge to exit a leased facility of $6 million, and an asset-write off of $2 million. Operating profit for the year ended December 31, 2016 includes a $1.1 billion gain from our dispositions, disposition-related costs of $48 million, a technology-related impairment charge of $24 million and an acquisition-related cost of $1 million. Operating profit for the year ended December 31, 2015 includes acquisition-related costs related to the acquisition of SNL of $37 million and costs related to identified operating efficiencies primarily related to employee severance charges of $33 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $87 million, $85 million and $57 million for the years ended December 31, 2017, 2016 and 2015, respectively.
3 | Operating profit includes amortization of intangibles from acquisitions of $7 million, $6 million and $5 million for the years ended December 31, 2017, 2016 and 2015, respectively.
4 | Revenue for Ratings and expenses for Market and Commodities Intelligence include an intersegment royalty charged to Market and Commodities Intelligence for the rights to use and distribute content and data developed by Ratings.
5 | The year ended December 31, 2017 includes a charge to exit leased facilities of $19 million, employee severance charges of $10 million and a pension related charge of $8 million. The year ended December 31, 2016 includes $3 million from a disposition-related reserve release. The year ended December 31, 2015 includes a gain of $11 million related to the sale of our interest in a legacy McGraw Hill Construction investment and costs related to identified operating efficiencies primarily related to employee severance charges of $10 million.
(in millions) | Depreciation & Amortization |  | Capital Expenditures
| 2017 | 2016 | 2015 |  | 2017 | 2016 | 2015
Ratings | $ | 34 |  |  | $ | 34 |  |  | $ | 43 |  |  | $ | 45 |  |  | $ | 42 |  |  | $ | 48 |
Market and Commodities Intelligence | 128 |  |  | 131 |  |  | 99 |  |  | 52 |  |  | 57 |  |  | 78 |
Indices | 9 |  |  | 8 |  |  | 8 |  |  | 3 |  |  | 3 |  |  | 4 |
Total operating segments | 171 |  |  | 173 |  |  | 150 |  |  | 100 |  |  | 102 |  |  | 130 |
Corporate | 9 |  |  | 8 |  |  | 7 |  |  | 23 |  |  | 13 |  |  | 9 |
Total | $ | 180 |  |  | $ | 181 |  |  | $ | 157 |  |  | $ | 123 |  |  | $ | 115 |  |  | $ | 139 |
Segment information as of December 31 is as follows:
(in millions) | Total Assets
| 2017 |  | 2016
Ratings | $ | 788 |  |  | $ | 612 |
Market and Commodities Intelligence | 4,172 |  |  | 4,104 |
Indices | 1,270 |  |  | 1,247 |
Total operating segments | 6,230 |  |  | 5,963 |
Corporate 1 | 3,190 |  |  | 2,699 |
Assets held for sale 2 | 5 |  |  | 7 |
Total | $ | 9,425 |  |  | $ | 8,669 |
1 | Corporate assets consist principally of cash and cash equivalents, assets for pension benefits, deferred income taxes and leasehold improvements related to subleased areas.
2 | Includes East Windsor, New Jersey facility and QuantHouse as of December 31, 2017 and 2016, respectively.
Schedule of Revenue and Long-lived Assets by Geographic Region | The following provides revenue and long-lived assets by geographic region:
(in millions) | Revenue |  | Long-lived Assets
| Year ended December 31, |  | December 31,
| 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016
U.S. | $ | 3,658 |  |  | $ | 3,461 |  |  | $ | 3,202 |  |  | $ | 4,285 |  |  | $ | 4,335 |
European region | 1,473 |  |  | 1,330 |  |  | 1,265 |  |  | 346 |  |  | 341 |
Asia | 594 |  |  | 575 |  |  | 566 |  |  | 54 |  |  | 58 |
Rest of the world | 338 |  |  | 295 |  |  | 280 |  |  | 49 |  |  | 46 |
Total | $ | 6,063 |  |  | $ | 5,661 |  |  | $ | 5,313 |  |  | $ | 4,734 |  |  | $ | 4,780 |
| Revenue |  | Long-lived Assets
| Year ended December 31, |  | December 31,
| 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016
U.S. | 60 | % |  | 61 | % |  | 60 | % |  | 91 | % |  | 91 | %
European region | 24 |  |  | 24 |  |  | 24 |  |  | 7 |  |  | 7 |
Asia | 10 |  |  | 10 |  |  | 11 |  |  | 1 |  |  | 1 |
Rest of the world | 6 |  |  | 5 |  |  | 5 |  |  | 1 |  |  | 1 |
Total | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 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=68060357&loc=d3e9038-108599 + Details
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- 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. + References Reference 1: 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=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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