v2.4.0.8
Business Segments (Tables)
 3 Months Ended
Mar. 31, 2014
Text Block [Abstract]  
Schedule of Operating Segments

The following table presents certain information regarding these operating segments for the three months ended March 31, 2014 and 2013.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Market Services

 

Listing Services

 

Information Services

 

Technology Solutions

 

Corporate Items and Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

Three Months Ended March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$
582 

 

$
58 

 

$
123 

 

$
135 

 

$

 -

 

$
898 

Cost of revenues

 

 
(369)

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
(369)

Revenues less transaction rebates, brokerage, clearance and exchange fees

 

 
213 

 

 
58 

 

 
123 

 

 
135 

 

 

 -

 

 
529 

Operating income (loss)(1)

 

$
94 

 

$
22 

 

$
90 

 

$
8 

 

$
(30)

 

$
184 

Three Months Ended March 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$
508 

 

$
55 

 

$
106 

 

$
75 

 

$

 -

 

$
744 

Cost of revenues

 

 
(326)

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
(326)

Revenues less transaction rebates, brokerage, clearance and exchange fees

 

 
182 

 

 
55 

 

 
106 

 

 
75 

 

 

 -

 

 
418 

Operating income (loss)(2)

 

$
74 

 

$
24 

 

$
80 

 

$
3 

 

$
(91)

 

$
90 

 

(1)   Corporate items and eliminations for the three months ended March 31, 2014 primarily include merger and strategic initiatives expenses of $28 million primarily related to the acquisition of the TR Corporate Solutions businesses and other strategic initiatives. See “Acquisition of the Investor Relations, Public Relations and Multimedia Solutions Businesses of Thomson Reuters,” of Note 4, “Acquisitions,” for further discussion.

(2)   Corporate items and eliminations for the three months ended March 31, 2013 primarily include expenses related to our voluntary accommodation program, expenses paid with respect to an SEC matter, restructuring charges, merger and strategic initiatives expense and special legal expenses.