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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2019
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue Recognition | The following table depicts the disaggregation of our revenue according to business line and segment (in millions). Segment totals here are consistent with the segment totals in Note 15:
| Trading and Clearing Segment |  | Data and Listings Segment |  | Total Consolidated
Nine months ended September 30, 2019: |  |  |  |  |
Transaction and clearing, net | $ | 2,698 |  |  | $ | — |  |  | $ | 2,698 |
Data services | — |  |  | 1,652 |  |  | 1,652 |
Listings | — |  |  | 336 |  |  | 336 |
Other revenues | 194 |  |  | — |  |  | 194 |
Total revenues | 2,892 |  |  | 1,988 |  |  | 4,880 |
Transaction-based expenses | 976 |  |  | — |  |  | 976 |
Total revenues, less transaction-based expenses | $ | 1,916 |  |  | $ | 1,988 |  |  | $ | 3,904 |
Timing of Revenue Recognition |  |  |  |  |
Services transferred at a point in time | $ | 1,653 |  |  | $ | — |  |  | $ | 1,653 |
Services transferred over time | 263 |  |  | 1,988 |  |  | 2,251 |
Total revenues, less transaction-based expenses | $ | 1,916 |  |  | $ | 1,988 |  |  | $ | 3,904 |
| Trading and Clearing Segment |  | Data and Listings Segment |  | Total Consolidated
Nine months ended September 30, 2018: |  |  |  |  |
Transaction and clearing, net | $ | 2,522 |  |  | $ | — |  |  | $ | 2,522 |
Data services | — |  |  | 1,576 |  |  | 1,576 |
Listings | — |  |  | 332 |  |  | 332 |
Other revenues | 169 |  |  | — |  |  | 169 |
Total revenues | 2,691 |  |  | 1,908 |  |  | 4,599 |
Transaction-based expenses | 928 |  |  | — |  |  | 928 |
Total revenues, less transaction-based expenses | $ | 1,763 |  |  | $ | 1,908 |  |  | $ | 3,671 |
Timing of Revenue Recognition |  |  |  |  |
Services transferred at a point in time | $ | 1,507 |  |  | $ | — |  |  | $ | 1,507 |
Services transferred over time | 256 |  |  | 1,908 |  |  | 2,164 |
Total revenues, less transaction-based expenses | $ | 1,763 |  |  | $ | 1,908 |  |  | $ | 3,671 |
| Trading and Clearing Segment |  | Data and Listings Segment |  | Total Consolidated
Three months ended September 30, 2019: |  |  |  |  |
Transaction and clearing, net | $ | 929 |  |  | $ | — |  |  | $ | 929 |
Data services | — |  |  | 553 |  |  | 553 |
Listings | — |  |  | 114 |  |  | 114 |
Other revenues | 67 |  |  | — |  |  | 67 |
Total revenues | 996 |  |  | 667 |  |  | 1,663 |
Transaction-based expenses | 327 |  |  | — |  |  | 327 |
Total revenues, less transaction-based expenses | $ | 669 |  |  | $ | 667 |  |  | $ | 1,336 |
Timing of Revenue Recognition |  |  |  |  |
Services transferred at a point in time | $ | 578 |  |  | $ | — |  |  | $ | 578 |
Services transferred over time | 91 |  |  | 667 |  |  | 758 |
Total revenues, less transaction-based expenses | $ | 669 |  |  | $ | 667 |  |  | $ | 1,336 |
| Trading and Clearing Segment |  | Data and Listings Segment |  | Total Consolidated
Three months ended September 30, 2018: |  |  |  |  |
Transaction and clearing, net | $ | 760 |  |  | $ | — |  |  | $ | 760 |
Data services | — |  |  | 530 |  |  | 530 |
Listings | — |  |  | 112 |  |  | 112 |
Other revenues | 61 |  |  | — |  |  | 61 |
Total revenues | 821 |  |  | 642 |  |  | 1,463 |
Transaction-based expenses | 263 |  |  | — |  |  | 263 |
Total revenues, less transaction-based expenses | $ | 558 |  |  | $ | 642 |  |  | $ | 1,200 |
Timing of Revenue Recognition |  |  |  |  |
Services transferred at a point in time | $ | 477 |  |  | $ | — |  |  | $ | 477 |
Services transferred over time | 81 |  |  | 642 |  |  | 723 |
Total revenues, less transaction-based expenses | $ | 558 |  |  | $ | 642 |  |  | $ | 1,200 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
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