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v3.19.3

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial data for our business segments is as follows for the nine and three months ended September 30, 2019 and 2018 (in millions):
| Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
| Trading and Clearing Segment |  | Data and Listings Segment |  | Consolidated |  | Trading and Clearing Segment |  | Data and Listings Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Energy futures and options contracts | $ | 749 |  |  | $ | — |  |  | $ | 749 |  |  | $ | 708 |  |  | $ | — |  |  | $ | 708 |
Agricultural and metals futures and options contracts | 194 |  |  | — |  |  | 194 |  |  | 197 |  |  | — |  |  | 197 |
Financial futures and options contracts | 252 |  |  | — |  |  | 252 |  |  | 262 |  |  | — |  |  | 262 |
Cash equities and equity options | 1,201 |  |  | — |  |  | 1,201 |  |  | 1,162 |  |  | — |  |  | 1,162 |
Fixed income and credit | 268 |  |  | — |  |  | 268 |  |  | 157 |  |  | — |  |  | 157 |
OTC and other transactions | 34 |  |  | — |  |  | 34 |  |  | 36 |  |  | — |  |  | 36 |
Pricing and analytics | — |  |  | 809 |  |  | 809 |  |  | — |  |  | 779 |  |  | 779 |
Exchange data and feeds | — |  |  | 528 |  |  | 528 |  |  | — |  |  | 496 |  |  | 496 |
Desktops and connectivity | — |  |  | 315 |  |  | 315 |  |  | — |  |  | 301 |  |  | 301 |
Listings | — |  |  | 336 |  |  | 336 |  |  | — |  |  | 332 |  |  | 332 |
Other revenues | 194 |  |  | — |  |  | 194 |  |  | 169 |  |  | — |  |  | 169 |
Revenues | 2,892 |  |  | 1,988 |  |  | 4,880 |  |  | 2,691 |  |  | 1,908 |  |  | 4,599 |
Transaction-based expenses | 976 |  |  | — |  |  | 976 |  |  | 928 |  |  | — |  |  | 928 |
Revenues, less transaction-based expenses | 1,916 |  |  | 1,988 |  |  | 3,904 |  |  | 1,763 |  |  | 1,908 |  |  | 3,671 |
Operating expenses | 732 |  |  | 1,121 |  |  | 1,853 |  |  | 655 |  |  | 1,109 |  |  | 1,764 |
Operating income | $ | 1,184 |  |  | $ | 867 |  |  | $ | 2,051 |  |  | $ | 1,108 |  |  | $ | 799 |  |  | $ | 1,907 |
| Three Months Ended September 30, 2019 |  | Three Months Ended September 30, 2018
| Trading and Clearing Segment |  | Data and Listings Segment |  | Consolidated |  | Trading and Clearing Segment |  | Data and Listings Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Energy futures and options contracts | $ | 265 |  |  | $ | — |  |  | $ | 265 |  |  | $ | 223 |  |  | $ | — |  |  | $ | 223 |
Agricultural and metals futures and options contracts | 60 |  |  | — |  |  | 60 |  |  | 58 |  |  | — |  |  | 58 |
Financial futures and options contracts | 91 |  |  | — |  |  | 91 |  |  | 77 |  |  | — |  |  | 77 |
Cash equities and equity options | 401 |  |  | — |  |  | 401 |  |  | 335 |  |  | — |  |  | 335 |
Fixed income and credit | 101 |  |  | — |  |  | 101 |  |  | 56 |  |  | — |  |  | 56 |
OTC and other transactions | 11 |  |  | — |  |  | 11 |  |  | 11 |  |  | — |  |  | 11 |
Pricing and analytics | — |  |  | 273 |  |  | 273 |  |  | — |  |  | 263 |  |  | 263 |
Exchange data and feeds | — |  |  | 172 |  |  | 172 |  |  | — |  |  | 168 |  |  | 168 |
Desktops and connectivity | — |  |  | 108 |  |  | 108 |  |  | — |  |  | 99 |  |  | 99 |
Listings | — |  |  | 114 |  |  | 114 |  |  | — |  |  | 112 |  |  | 112 |
Other revenues | 67 |  |  | — |  |  | 67 |  |  | 61 |  |  | — |  |  | 61 |
Revenues | 996 |  |  | 667 |  |  | 1,663 |  |  | 821 |  |  | 642 |  |  | 1,463 |
Transaction-based expenses | 327 |  |  | — |  |  | 327 |  |  | 263 |  |  | — |  |  | 263 |
Revenues, less transaction-based expenses | 669 |  |  | 667 |  |  | 1,336 |  |  | 558 |  |  | 642 |  |  | 1,200 |
Operating expenses | 255 |  |  | 375 |  |  | 630 |  |  | 230 |  |  | 368 |  |  | 598 |
Operating income | $ | 414 |  |  | $ | 292 |  |  | $ | 706 |  |  | $ | 328 |  |  | $ | 274 |  |  | $ | 602 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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