XML 111 R28.htm IDEA: XBRL DOCUMENT

Revenue Recognition (Tables)

9 Months Ended

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