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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Change in Carrying Amount of Goodwill | The change in the carrying amount of goodwill by segment is shown below:
(in millions) | Ratings |  | Market Intelligence |  | Platts |  | Indices |  | Corporate |  | Total
Balance as of December 31, 2017 | $ | 114 |  |  | $ | 1,961 |  |  | $ | 523 |  |  | $ | 391 |  |  | $ | — |  |  | $ | 2,989 |
Acquisitions | 5 |  |  | 62 |  |  | — |  |  | — |  |  | 498 |  |  | 565 |
Other 1 | (6 | ) |  | 6 |  |  | (7 | ) |  | (12 | ) |  | — |  |  | (19 | )
Balance as of December 31, 2018 | 113 |  |  | 2,029 |  |  | 516 |  |  | 379 |  |  | 498 |  |  | 3,535 |
Acquisitions | — |  |  | 44 |  |  | 6 |  |  | — |  |  | — |  |  | 50 |
Dispositions | — |  |  | (12 | ) |  | (3 | ) |  | — |  |  | — |  |  | (15 | )
Reclassifications | — |  |  | 3 |  |  | — |  |  | (3 | ) |  | — |  |  | — |
Other 1 | 2 |  |  | (2 | ) |  | 2 |  |  | — |  |  | 3 |  |  | 5 |
Balance as of December 31, 2019 | $ | 115 |  |  | $ | 2,062 |  |  | $ | 521 |  |  | $ | 376 |  |  | $ | 501 |  |  | $ | 3,575 |
1 | Primarily relates to the impact of foreign exchange and valuation adjustments for prior period acquisitions. 2018 includes adjustments related to Trucost. 2019 includes adjustments related to Panjiva, Rate Watch and Eclipse.
Schedule of Other Intangible Assets | The following table summarizes our definite-lived intangible assets:
(in millions) |  |  |  |  |  |  |  |  |  |  |
Cost | Databases and software |  | Content |  | Customer relationships |  | Tradenames |  | Other intangibles |  | Total
Balance as of December 31, 2017 | $ | 554 |  |  | $ | 139 |  |  | $ | 347 |  |  | $ | 50 |  |  | $ | 77 |  |  | $ | 1,167 |
Acquisitions | 3 |  |  | — |  |  | — |  |  | — |  |  | 123 |  |  | 126 |
Other (primarily Fx) 1 | 4 |  |  | — |  |  | (1 | ) |  | — |  |  | (6 | ) |  | (3 | )
Balance as of December 31, 2018 | 561 |  |  | 139 |  |  | 346 |  |  | 50 |  |  | 194 |  |  | 1,290 |
Acquisitions | — |  |  | — |  |  | — |  |  | — |  |  | 29 |  |  | 29 |
Reclassifications | 78 |  |  | — |  |  | 10 |  |  | 5 |  |  | (93 | ) |  | — |
Other 1 | (10 | ) |  | — |  |  | (1 | ) |  | (1 | ) |  | — |  |  | (12 | )
Balance as of December 31, 2019 | $ | 629 |  |  | $ | 139 |  |  | $ | 355 |  |  | $ | 54 |  |  | $ | 130 |  |  | $ | 1,307 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2017 | $ | 187 |  |  | $ | 101 |  |  | $ | 106 |  |  | $ | 42 |  |  | $ | 57 |  |  | $ | 493 |
Current year amortization | 52 |  |  | 14 |  |  | 21 |  |  | 3 |  |  | 32 |  |  | 122 |
Reclassifications | 1 |  |  | — |  |  | — |  |  | — |  |  | (1 | ) |  | — |
Other (primarily Fx) 1 | — |  |  | — |  |  | (1 | ) |  | — |  |  | (2 | ) |  | (3 | )
Balance as of December 31, 2018 | 240 |  |  | 115 |  |  | 126 |  |  | 45 |  |  | 86 |  |  | 612 |
Current year amortization | 73 |  |  | 14 |  |  | 23 |  |  | 3 |  |  | 9 |  |  | 122 |
Reclassifications | 22 |  |  | — |  |  | 4 |  |  | 1 |  |  | (27 | ) |  | — |
Other 1 | (4 | ) |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (5 | )
Balance as of December 31, 2019 | $ | 331 |  |  | $ | 129 |  |  | $ | 153 |  |  | $ | 48 |  |  | $ | 68 |  |  | $ | 729 |
Net definite-lived intangibles: |  |  |  |  |  |  |  |  |  |  |
December 31, 2018 | $ | 321 |  |  | $ | 24 |  |  | $ | 220 |  |  | $ | 5 |  |  | $ | 108 |  |  | $ | 678 |
December 31, 2019 | $ | 298 |  |  | $ | 10 |  |  | $ | 202 |  |  | $ | 6 |  |  | $ | 62 |  |  | $ | 578 |
1 Primarily relates to the impact of foreign exchange and valuation adjustments for prior period acquisitions. 2019 includes adjustments related to RigData
Schedule of Projected Amortization Expense for Intangible Assets | Expected amortization expense for intangible assets over the next five years for the years ended December 31, assuming no further acquisitions or dispositions, is as follows:
(in millions) | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024
Amortization expense | $ | 117 |  |  | $ | 86 |  |  | $ | 78 |  |  | $ | 73 |  |  | $ | 70 |

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