v2.4.0.8
Deferred Revenue (Changes in Deferred Revenue) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Deferred Revenue Arrangement [Line Items]    
Balance $ 294 $ 295
Additions 421 [1] 194 [1]
Amortization (216) [1] (89) [1]
Translation adjustment (1) (2)
Balance 498 398
Initial Listing Revenues [Member]
   
Deferred Revenue Arrangement [Line Items]    
Balance 41 36
Additions 5 [1] 2 [1]
Amortization (3) [1] (4) [1]
Balance 43 34
Listing of Additional Shares Revenues [Member]
   
Deferred Revenue Arrangement [Line Items]    
Balance 75 78
Additions 10 [1] 8 [1]
Amortization (10) [1] (10) [1]
Balance 75 76
Annual Renewal and Other Revenues [Member]
   
Deferred Revenue Arrangement [Line Items]    
Balance 26 32
Additions 197 [1] 168 [1]
Amortization (73) [1] (55) [1]
Translation adjustment   (7)
Balance 150 138
Technology Solutions [Member]
   
Deferred Revenue Arrangement [Line Items]    
Balance 152 [2] 149 [2]
Additions 209 [1],[2] 16 [1],[2]
Amortization (130) [1],[2] (20) [1],[2]
Translation adjustment (1) [2] 5 [2]
Balance 230 [2],[3] 150 [2]
Borsa Istanbul Cost Method Investment[Member]
   
Deferred Revenue Arrangement [Line Items]    
Additions $ 75  
[1] The additions and amortization for initial listing revenues, listing of additional shares revenues and annual renewal and other revenues primarily reflect revenues from our U.S. listing services business. The additions to Technology Solutions revenues during the three months ended March 31, 2014 include $75 million related to the Borsa Istanbul market technology agreement. See “Cost Method Investments,” of Note 6, “Investments,” for further discussion.
[2] Technology Solutions deferred revenues primarily include revenues from our Market Technology delivered client contracts in the support phase charged during the period and our Corporate Solutions subscription based contracts, which are primarily billed quarterly in advance. For our Market Technology contracts, where customization and significant modifications to the software are made to meet the needs of our customers, total revenues, as well as costs incurred, are deferred until significant modifications are completed and delivered. Once delivered, deferred revenue and the related deferred costs are recognized over the post contract support period. For these Market Technology contracts, we have included the deferral of costs in other current assets and other non-current assets in the Condensed Consolidated Balance Sheets. The amortization of Technology Solutions deferred revenue primarily includes revenues earned from Market Technology client contracts and Corporate Solutions subscription based contracts recognized during the period.
[3] The timing of recognition of our deferred Technology Solutions revenues is primarily dependent upon the completion of customization and any significant modifications made pursuant to existing Market Technology contracts and the timing of Corporate Solutions subscription-based contracts. As such, as it relates to Market Technology revenues, the timing represents our best estimate.