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Segment And Geographic Information | 3 Months Ended
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Mar. 31, 2020
Segment And Geographic Information [Abstract] |
Segment And Geographic Information | 14. Segment and Geographic Information As disclosed in Note 2, effective this quarter the Company is discontinuing the reporting of separate operating business segments. See Note 2 for further information on the reporting of operating business segments. Significant transactions and balances between the operating subsidiaries occur, primarily as a result of certain operating subsidiaries holding exchange or clearing organization memberships, which are utilized to provide execution and clearing services to subsidiaries. Intra-region income and expenses and related balances have been eliminated in this geographic information to reflect the external business conducted in each geographic region. The Company operates its automated global business in the U.S. and international markets on more than 135 electronic exchanges and market centers. A significant portion of the Company’s net revenues is generated by subsidiaries operating outside the U.S. International operations are conducted in 32 countries in Europe, Asia/Pacific and the Americas (outside the U.S.). The following table presents total net revenues and income before income taxes by geographic area for the periods indicated. The geographic analysis presented below is based on the location of the subsidiaries in which the transactions are recorded. This geographic information does not reflect the way the Company’s business is managed.
|  | Three Months Ended March 31,
|  | 2020 |  | 2019
|  | (in millions)
Net revenues |  |  |  |  |  |
United States |  | $ | 373 |  | $ | 461
International |  |  | 159 |  |  | 97
Total net revenues |  | $ | 532 |  | $ | 558
Income before income taxes |  |  |  |  |  |
United States |  | $ | 244 |  | $ | 313
International |  |  | 64 |  |  | 26
Total income before income taxes |  | $ | 308 |  | $ | 339

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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