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v3.19.3.a.u2

Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial data for our business segments is as follows in 2019, 2018 and 2017 (in millions):
| Year Ended December 31, 2019 |  | Year Ended December 31, 2018 |  | Year Ended December 31, 2017
| Trading and Clearing Segment |  | Data and Listings Segment |  | Consolidated |  | Trading and Clearing Segment |  | Data and Listings Segment |  | Consolidated |  | Trading and Clearing Segment |  | Data and Listings Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy futures and options contracts | $ | 992 |  |  | $ | — |  |  | $ | 992 |  |  | $ | 965 |  |  | $ | — |  |  | $ | 965 |  |  | $ | 909 |  |  | $ | — |  |  | $ | 909 |
Agricultural and metals futures and options contracts | 251 |  |  | — |  |  | 251 |  |  | 251 |  |  | — |  |  | 251 |  |  | 216 |  |  | — |  |  | 216 |
Financial futures and options contracts | 332 |  |  | — |  |  | 332 |  |  | 354 |  |  | — |  |  | 354 |  |  | 326 |  |  | — |  |  | 326 |
Cash equities and equity options | 1,643 |  |  | — |  |  | 1,643 |  |  | 1,624 |  |  | — |  |  | 1,624 |  |  | 1,491 |  |  | — |  |  | 1,491 |
| Year Ended December 31, 2019 |  | Year Ended December 31, 2018 |  | Year Ended December 31, 2017
| Trading and Clearing Segment |  | Data and Listings Segment |  | Consolidated |  | Trading and Clearing Segment |  | Data and Listings Segment |  | Consolidated |  | Trading and Clearing Segment |  | Data and Listings Segment |  | Consolidated
Fixed income and credit | 364 |  |  | — |  |  | 364 |  |  | 240 |  |  | — |  |  | 240 |  |  | 139 |  |  | — |  |  | 139 |
OTC and other transactions | 45 |  |  | — |  |  | 45 |  |  | 49 |  |  | — |  |  | 49 |  |  | 50 |  |  | — |  |  | 50 |
Pricing and analytics | — |  |  | 1,083 |  |  | 1,083 |  |  | — |  |  | 1,043 |  |  | 1,043 |  |  | — |  |  | 970 |  |  | 970 |
Exchange data and feeds | — |  |  | 704 |  |  | 704 |  |  | — |  |  | 670 |  |  | 670 |  |  | — |  |  | 632 |  |  | 632 |
Desktops and connectivity | — |  |  | 424 |  |  | 424 |  |  | — |  |  | 402 |  |  | 402 |  |  | — |  |  | 482 |  |  | 482 |
Listings | — |  |  | 449 |  |  | 449 |  |  | — |  |  | 444 |  |  | 444 |  |  | — |  |  | 426 |  |  | 426 |
Other revenues | 260 |  |  | — |  |  | 260 |  |  | 234 |  |  | — |  |  | 234 |  |  | 202 |  |  | — |  |  | 202 |
Revenues | 3,887 |  |  | 2,660 |  |  | 6,547 |  |  | 3,717 |  |  | 2,559 |  |  | 6,276 |  |  | 3,333 |  |  | 2,510 |  |  | 5,843 |
Transaction-based expenses | 1,345 |  |  | — |  |  | 1,345 |  |  | 1,297 |  |  | — |  |  | 1,297 |  |  | 1,205 |  |  | — |  |  | 1,205 |
Revenues, less transaction-based expenses | 2,542 |  |  | 2,660 |  |  | 5,202 |  |  | 2,420 |  |  | 2,559 |  |  | 4,979 |  |  | 2,128 |  |  | 2,510 |  |  | 4,638 |
Operating expenses | 1,033 |  |  | 1,496 |  |  | 2,529 |  |  | 911 |  |  | 1,485 |  |  | 2,396 |  |  | 781 |  |  | 1,478 |  |  | 2,259 |
Operating income | $ | 1,509 |  |  | $ | 1,164 |  |  | $ | 2,673 |  |  | $ | 1,509 |  |  | $ | 1,074 |  |  | $ | 2,583 |  |  | $ | 1,347 |  |  | $ | 1,032 |  |  | $ | 2,379 |
Schedule of Geographical Segments | The following represents our revenues, less transaction-based expenses, net assets and net property and equipment based on the geographic location (in millions):
| United States |  | Foreign Countries |  | Total
Revenues, less transaction-based expenses: |  |  |  |  |
Year ended December 31, 2019 | $ | 3,290 |  |  | $ | 1,912 |  |  | $ | 5,202 |
Year ended December 31, 2018 | $ | 3,087 |  |  | $ | 1,892 |  |  | $ | 4,979 |
Year ended December 31, 2017 | $ | 2,807 |  |  | $ | 1,831 |  |  | $ | 4,638 |
Net assets: |  |  |  |  |
As of December 31, 2019 | $ | 9,038 |  |  | $ | 8,248 |  |  | $ | 17,286 |
As of December 31, 2018 | $ | 9,226 |  |  | $ | 8,005 |  |  | $ | 17,231 |
Property and equipment, net: |  |  |  |  |
As of December 31, 2019 | $ | 1,353 |  |  | $ | 183 |  |  | $ | 1,536 |
As of December 31, 2018 | $ | 1,125 |  |  | $ | 116 |  |  | $ | 1,241 |

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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 + Details
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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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