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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Financial Information by Segment | The table below presents revenue, significant expenses regularly provided to the CODM and Adjusted Operating Income by reportable segment. The CODM, identified as the Company's CEO, utilizes the Adjusted Operating Income measure to assess the profitability of the Company and each of its reportable segments each quarter. Adjusted Operating Income is also used in our budgeting and forecasting processes, enabling the allocation of capital resources across the Company's strategic initiatives.
| Year Ended December 31,
| 2024 |  | 2023
| MA |  | MIS |  | Eliminations |  | Consolidated |  | MA |  | MIS |  | Eliminations |  | Consolidated
Total external revenue | $ | 3,295 |  |  | $ | 3,793 |  |  | $ | — |  |  | $ | 7,088 |  |  | $ | 3,056 |  |  | $ | 2,860 |  |  | $ | — |  |  | $ | 5,916 |
Intersegment revenue | 13 |  |  | 193 |  |  | (206) |  |  | — |  |  | 13 |  |  | 186 |  |  | (199) |  |  | — |
Revenue | 3,308 |  |  | 3,986 |  |  | (206) |  |  | 7,088 |  |  | 3,069 |  |  | 3,046 |  |  | (199) |  |  | 5,916 |
Compensation expense | 1,370 |  |  | 1,169 |  |  | — |  |  | 2,539 |  |  | 1,238 |  |  | 1,003 |  |  | — |  |  | 2,241 |
Non-compensation expense | 731 |  |  | 410 |  |  | — |  |  | 1,141 |  |  | 708 |  |  | 370 |  |  | — |  |  | 1,078 |
Intersegment expense | 193 |  |  | 13 |  |  | (206) |  |  | — |  |  | 186 |  |  | 13 |  |  | (199) |  |  | — |
Operating, SG&A | 2,294 |  |  | 1,592 |  |  | (206) |  |  | 3,680 |  |  | 2,132 |  |  | 1,386 |  |  | (199) |  |  | 3,319 |
Adjusted Operating Income | 1,014 |  |  | 2,394 |  |  | — |  |  | 3,408 |  |  | 937 |  |  | 1,660 |  |  | — |  |  | 2,597 |
Add: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | 353 |  |  | 78 |  |  | — |  |  | 431 |  |  | 298 |  |  | 75 |  |  | — |  |  | 373 |
Restructuring | 42 |  |  | 17 |  |  | — |  |  | 59 |  |  | 59 |  |  | 28 |  |  | — |  |  | 87 |
Charges related to asset abandonment | 43 |  |  | — |  |  | — |  |  | 43 |  |  | — |  |  | — |  |  | — |  |  | — |
Operating Income |  |  |  |  |  |  | $ | 2,875 |  |  |  |  |  |  |  |  | $ | 2,137 |
Non-operating (expense) income, net |  |  |  |  |  |  | $ | (176) |  |  |  |  |  |  |  |  | $ | (202) |
Income before provision for income taxes |  |  |  |  |  |  | $ | 2,699 |  |  |  |  |  |  |  |  | $ | 1,935 |
| Year Ended December 31, 2022
| MA |  | MIS |  | Eliminations |  | Consolidated
Total external revenue | $ | 2,769 |  |  | $ | 2,699 |  |  | $ | — |  |  | $ | 5,468 |
Intersegment revenue | 8 |  |  | 174 |  |  | (182) |  |  | — |
Revenue | 2,777 |  |  | 2,873 |  |  | (182) |  |  | 5,468 |
Compensation expense | 1,116 |  |  | 940 |  |  | — |  |  | 2,056 |
Non-compensation expense | 647 |  |  | 437 |  |  | — |  |  | 1,084 |
Intersegment expense | 174 |  |  | 8 |  |  | (182) |  |  | — |
Operating, SG&A | 1,937 |  |  | 1,385 |  |  | (182) |  |  | 3,140 |
Adjusted Operating Income | 840 |  |  | 1,488 |  |  | — |  |  | 2,328 |
Add: |  |  |  |  |  |  |
Depreciation and amortization | 250 |  |  | 81 |  |  | — |  |  | 331 |
Restructuring | 49 |  |  | 65 |  |  | — |  |  | 114 |
Operating income |  |  |  |  |  |  | $ | 1,883 |
Non-operating (expense) income, net |  |  |  |  |  |  | $ | (123) |
Income before provision for income taxes |  |  |  |  |  |  | $ | 1,760 |
Restructuring Expenses Included in Consolidated Statements of Operations | Total expenses included in the accompanying consolidated statements of operations related to the aforementioned restructuring programs are outlined below:
| Year ended December 31, |  |  | Cumulative expense incurred |
| 2024 |  | 2023 |  | 2022 |  |  |
2022 - 2023 Geolocation Restructuring Program |
Employee Termination Costs | $ | 14 |  |  | $ | 51 |  |  | $ | 85 |  |  |  | $ | 150 |  |
Real Estate Related Costs (1) | — |  |  | 36 |  |  | 27 |  |  |  | 63 |  |
Other Costs (2) | — |  |  | — |  |  | 1 |  |  |  | 1 |  |
Total 2022-2023 Geolocation Restructuring Program Costs | $ | 14 |  |  | $ | 87 |  |  | $ | 113 |  |  |  | $ | 214 |  |
Strategic and Operational Efficiency Restructuring Program |
Employee Termination Costs (3) | $ | 41 |  |  | $ | — |  |  | $ | — |  |  |  | $ | 41 |  |
Other Costs (2) | 4 |  |  | — |  |  | — |  |  |  | 4 |  |
Total Strategic and Operational Efficiency Restructuring Program Costs | $ | 45 |  |  | $ | — |  |  | $ | — |  |  |  | $ | 45 |  |
Total Restructuring | $ | 59 |  |  | $ | 87 |  |  | $ | 113 |  |  |  |  |
(1)For the year ended December 31, 2023, primarily includes ROU Asset impairment charges. For the year ended December 31, 2022, primarily includes ROU Asset and leasehold improvement impairment charges and the non-cash acceleration of amortization of abandoned ROU Assets and leasehold improvements. The fair value of the impaired assets in both periods was determined by utilizing the present value of the estimated future cash flows attributable to the assets. The fair value of those assets subsequent to the impairment for the year ended December 31, 2023 was $4 million and was categorized as Level 3 within the ASC Topic 820 fair value hierarchy. The fair value of those assets subsequent to the impairment for the year ended December 31, 2022 was $0. (2)Primarily includes professional service fees related to execution of the restructuring program. (3)Primarily includes severance costs and expense related to the modification of equity awards. The table below shows cumulative restructuring expense incurred through December 31, 2024 by reportable segment.
| MA |  | MIS |  | Total
2022 - 2023 Geolocation Restructuring Program | $ | 116 |  |  | $ | 98 |  |  | $ | 214 |
Strategic and Operational Efficiency Restructuring Program | $ | 34 |  |  | $ | 11 |  |  | $ | 45 |
Company's Reportable Segment Revenues Disaggregated by Segment and Geographic Region | CONSOLIDATED REVENUE AND LONG-LIVED ASSETS INFORMATION BY GEOGRAPHIC AREA
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Revenue: |  |  |  |  |
U.S. | $ | 3,836 |  |  | $ | 3,071 |  |  | $ | 2,865 |
Non-U.S.: |  |  |  |  |
EMEA | 2,174 |  |  | 1,886 |  |  | 1,708 |
Asia-Pacific | 629 |  |  | 570 |  |  | 539 |
Americas | 449 |  |  | 389 |  |  | 356 |
Total Non-U.S. | 3,252 |  |  | 2,845 |  |  | 2,603 |
Total | $ | 7,088 |  |  | $ | 5,916 |  |  | $ | 5,468 |
Long-lived assets at December 31: |  |  |  |  |
U.S. | $ | 4,395 |  |  | $ | 4,323 |  |  | $ | 4,408 |
Non-U.S. | 4,361 |  |  | 4,562 |  |  | 4,489 |
Total | $ | 8,756 |  |  | $ | 8,885 |  |  | $ | 8,897 |

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