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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
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) | Market Intelligence |  | Ratings |  | Commodity Insights |  | Mobility |  | Indices |  | Engineering Solutions |  | Corporate |  | Total
Balance as of December 31, 2020 | $ | 2,071 |  |  | $ | 263 |  |  | $ | 527 |  |  | $ | — |  |  | $ | 376 |  |  | $ | — |  |  | $ | 498 |  |  | $ | 3,735 |
Acquisitions | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 54 |  |  | 54 |
Reclassifications 1 | (255) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (255) |
Other 2 | (8) |  |  | (18) |  |  | (2) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (28) |
Balance as of December 31, 2021 | 1,808 |  |  | 245 |  |  | 525 |  |  | — |  |  | 376 |  |  | — |  |  | 552 |  |  | 3,506 |
Acquisitions | 16,556 |  |  | 22 |  |  | 5,009 |  |  | 8,695 |  |  | 1,023 |  |  | 437 |  |  | — |  |  | 31,742 |
Dispositions | (246) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (246) |
Reclassifications 3 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (437) |  |  | — |  |  | (437) |
Other 2 | (8) |  |  | (10) |  |  | (12) |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | (20) |
Balance as of December 31, 2022 | $ | 18,110 |  |  | $ | 257 |  |  | $ | 5,522 |  |  | $ | 8,695 |  |  | $ | 1,399 |  |  | $ | — |  |  | $ | 562 |  |  | $ | 34,545 |
1 Relates to CGS and LCD, which are classified as assets held for sale in our consolidated balance sheet as of December 31, 2021. 2 Primarily relates to the impact of foreign exchange and valuation adjustments for prior period acquisitions. 2021 includes adjustments related to RobecoSAM. 3 Relates to Engineering Solutions, which is classified as assets held for sale in our consolidated balance sheet as of December 31, 2022.
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, 2020 | $ | 645 |  |  | $ | 139 |  |  | $ | 356 |  |  | $ | 55 |  |  | $ | 177 |  |  | $ | 1,372 |
Acquisitions | — |  |  | — |  |  | — |  |  | — |  |  | 18 |  |  | 18 |
Other 1 | — |  |  | — |  |  | (1) |  |  | — |  |  | 11 |  |  | 10 |
Balance as of December 31, 2021 | 645 |  |  | 139 |  |  | 355 |  |  | 55 |  |  | 206 |  |  | 1,400 |
Acquisitions | 3,774 |  |  | — |  |  | 13,377 |  |  | 1,469 |  |  | 17 |  |  | 18,637 |
Dispositions | — |  |  | — |  |  | — |  |  | — |  |  | (5) |  |  | (5) |
Reclassifications 2 | (476) |  |  | — |  |  | (257) |  |  | — |  |  | — |  |  | (733) |
Other 1 | (2) |  |  | — |  |  | (8) |  |  | — |  |  | (4) |  |  | (14) |
Balance as of December 31, 2022 | $ | 3,941 |  |  | $ | 139 |  |  | $ | 13,467 |  |  | $ | 1,524 |  |  | $ | 214 |  |  | $ | 19,285 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2020 | $ | 406 |  |  | $ | 139 |  |  | $ | 175 |  |  | $ | 50 |  |  | $ | 96 |  |  | $ | 866 |
Current year amortization | 52 |  |  | — |  |  | 21 |  |  | 2 |  |  | 21 |  |  | 96 |
Reclassifications 3 | 8 |  |  | — |  |  | — |  |  | — |  |  | (8) |  |  | — |
Other 1 | 1 |  |  | — |  |  | — |  |  | — |  |  | (2) |  |  | (1) |
Balance as of December 31, 2021 | 467 |  |  | 139 |  |  | 196 |  |  | 52 |  |  | 107 |  |  | 961 |
Current year amortization | 313 |  |  | — |  |  | 482 |  |  | 91 |  |  | 19 |  |  | 905 |
Reclassifications 2 | (13) |  |  | — |  |  | (22) |  |  | — |  |  | — |  |  | (35) |
Other 1 | (2) |  |  | — |  |  | — |  |  | (1) |  |  | (3) |  |  | (6) |
Balance as of December 31, 2022 | $ | 765 |  |  | $ | 139 |  |  | $ | 656 |  |  | $ | 142 |  |  | $ | 123 |  |  | $ | 1,825 |
Net definite-lived intangibles: |  |  |  |  |  |  |  |  |  |  |
December 31, 2021 | $ | 178 |  |  | $ | — |  |  | $ | 159 |  |  | $ | 3 |  |  | $ | 99 |  |  | $ | 439 |
December 31, 2022 | $ | 3,176 |  |  | $ | — |  |  | $ | 12,811 |  |  | $ | 1,382 |  |  | $ | 91 |  |  | $ | 17,460 |
1 Primarily relates to the impact of foreign exchange and valuation adjustments for prior period acquisitions. 2021 includes adjustments related to RobecoSAM. 2 Relates to Engineering Solutions, which is classified as assets held for sale in our consolidated balance sheet as of December 31, 2022. 3 The reclassification in 2021 is related to RobecoSAM.
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) | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027
Amortization expense | $ | 1,029 |  |  | $ | 1,023 |  |  | $ | 1,007 |  |  | $ | 976 |  |  | $ | 960 |

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