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Deferred Revenue (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Deferred Revenue | The changes in our deferred revenue during 2024 and 2023 are as follows (in millions):
| Listing Revenues |  | Data Services and Other Revenues |  | Mortgage Technology |  | Total
Deferred revenue balance at January 1, 2023 | $ | 115 |  |  | $ | 88 |  |  | $ | 51 |  |  | $ | 254 |
Additions(1) | 490 |  |  | 401 |  |  | 177 |  |  | 1,068 |
Amortization | (497) |  |  | (396) |  |  | (122) |  |  | (1,015) |
Deferred revenue balance at December 31, 2023 | 108 |  |  | 93 |  |  | 106 |  |  | 307 |
Additions | 500 |  |  | 400 |  |  | 147 |  |  | 1,047 |
Amortization | (489) |  |  | (363) |  |  | (169) |  |  | (1,021) |
Deferred revenue balance at December 31, 2024 | $ | 119 |  |  | $ | 130 |  |  | $ | 84 |  |  | $ | 333 |
(1) Additions in our Mortgage Technology segment in the table above include $68 million of deferred revenue acquired on the date of the Black Knight acquisition (Note 3) and $37 million of Black Knight related deferred revenue added in the period after the date of acquisition through December 31, 2023. As of December 31, 2024, we estimate that our deferred revenue will be recognized in the following years (in millions):
| Listing Revenues |  | Data Services and Other Revenues |  | Mortgage Technology |  | Total
2025 | $ | 41 |  |  | $ | 122 |  |  | $ | 74 |  |  | $ | 237 |
2026 | 36 |  |  | 5 |  |  | 5 |  |  | 46 |
2027 | 25 |  |  | 2 |  |  | 2 |  |  | 29 |
2028 | 12 |  |  | 1 |  |  | 2 |  |  | 15 |
2029 | 4 |  |  | — |  |  | 1 |  |  | 5 |
Thereafter | 1 |  |  | — |  |  | — |  |  | 1 |
Total | $ | 119 |  |  | $ | 130 |  |  | $ | 84 |  |  | $ | 333 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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