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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Schedule of Operating Segments | The following table presents certain information regarding our operating segments for the years ended December 31, 2016, 2015 and 2014:
| Market Services |  | Corporate Services |  | Information Services |  | Market Technology |  | Corporate Items |  | Consolidated
| (in millions)
2016 |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 2,255 |  |  | $ | 635 |  |  | $ | 540 |  |  | $ | 275 |  |  | $ | — |  |  | $ | 3,705 |
Transaction-based expenses | (1,428 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,428 | )
Revenues less transaction-based expenses | 827 |  |  | 635 |  |  | 540 |  |  | 275 |  |  | — |  |  | 2,277 |
Depreciation and amortization | 87 |  |  | 47 |  |  | 18 |  |  | 18 |  |  | — |  |  | 170 |
Operating income (loss) | 450 |  |  | 158 |  |  | 383 |  |  | 69 |  |  | (221 | ) |  | 839 |
Total assets | 8,626 |  |  | 1,263 |  |  | 2,439 |  |  | 559 |  |  | 1,263 |  |  | 14,150 |
Purchase of property and equipment | 62 |  |  | 37 |  |  | 8 |  |  | 27 |  |  | — |  |  | 134 |
2015 |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 2,084 |  |  | $ | 562 |  |  | $ | 512 |  |  | $ | 245 |  |  | $ | — |  |  | $ | 3,403 |
Transaction-based expenses | (1,313 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,313 | )
Revenues less transaction-based expenses | 771 |  |  | 562 |  |  | 512 |  |  | 245 |  |  | — |  |  | 2,090 |
Depreciation and amortization | 64 |  |  | 42 |  |  | 14 |  |  | 18 |  |  | — |  |  | 138 |
Operating income (loss) | 413 |  |  | 140 |  |  | 365 |  |  | 58 |  |  | (256 | ) |  | 720 |
Total assets | 6,906 |  |  | 576 |  |  | 2,456 |  |  | 752 |  |  | 1,171 |  |  | 11,861 |
Purchase of property and equipment | 53 |  |  | 38 |  |  | 11 |  |  | 31 |  |  | — |  |  | 133 |
2014 |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ | 2,229 |  |  | $ | 552 |  |  | $ | 473 |  |  | $ | 246 |  |  | $ | — |  |  | $ | 3,500 |
Transaction-based expenses | (1,433 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,433 | )
Revenues less transaction-based expenses | 796 |  |  | 552 |  |  | 473 |  |  | 246 |  |  | — |  |  | 2,067 |
Depreciation and amortization | 80 |  |  | 25 |  |  | 13 |  |  | 19 |  |  | — |  |  | 137 |
Operating income (loss) | 413 |  |  | 121 |  |  | 348 |  |  | 49 |  |  | (177 | ) |  | 754 |
Total assets | 7,437 |  |  | 747 |  |  | 2,296 |  |  | 599 |  |  | 992 |  |  | 12,071 |
Purchase of property and equipment | 50 |  |  | 43 |  |  | 12 |  |  | 35 |  |  | — |  |  | 140 |
The table below presents certain recast historical financial information for these segments for the past eight quarters:
Corporate Services
| 2016 |  | 2015
| Revenues |  | Operating Income |  | Revenues |  | Operating Income
| (in millions)
First quarter | $ | 143 |  |  | $ | 34 |  |  | $ | 139 |  |  | $ | 32 |
Second quarter | 162 |  |  | 41 |  |  | 142 |  |  | 37 |
Third quarter | 162 |  |  | 42 |  |  | 138 |  |  | 36 |
Fourth quarter | 167 |  |  | 41 |  |  | 143 |  |  | 36 |
Market Technology
| 2016 |  | 2015
| Revenues |  | Operating Income |  | Revenues |  | Operating Income
| (in millions)
First quarter | $ | 57 |  |  | $ | 10 |  |  | $ | 55 |  |  | $ | 10 |
Second quarter | 69 |  |  | 17 |  |  | 59 |  |  | 11 |
Third quarter | 73 |  |  | 19 |  |  | 59 |  |  | 12 |
Fourth quarter | 77 |  |  | 23 |  |  | 71 |  |  | 23 |
Schedule of Corporate Items |
| December 31,
| 2016 |  | 2015 |  | 2014
| (in millions)
Amortization expense of acquired intangible assets | $ | 82 |  |  | $ | 62 |  |  | $ | 69 |
Restructuring charges | 41 |  |  | 172 |  |  | — |
Merger and strategic initiatives expense | 76 |  |  | 10 |  |  | 81 |
Executive compensation | 12 |  |  | — |  |  | — |
Regulatory matter | 6 |  |  | — |  |  | — |
Sublease loss reserve | (1 | ) |  | — |  |  | 11 |
Reversal of VAT refund receivables | — |  |  | 12 |  |  | — |
Loss on extinguishment of debt | — |  |  | — |  |  | 11 |
Other charges | 5 |  |  | — |  |  | 5 |
Total | $ | 221 |  |  | $ | 256 |  |  | $ | 177 |
Revenues and property and equipment, net by geographic area | The following table presents total revenues and property and equipment, net by geographic area for 2016, 2015 and 2014. Revenues are classified based upon the location of the customer. Property and equipment information is based on the physical location of the assets.
| Total Revenues |  | Property and Equipment, Net
| (in millions)
2016: |  |  |
United States | $ | 2,659 |  |  | $ | 244 |
All other countries | 1,046 |  |  | 118 |
Total | $ | 3,705 |  |  | $ | 362 |
2015: |  |  |
United States | $ | 2,408 |  |  | $ | 217 |
All other countries | 995 |  |  | 106 |
Total | $ | 3,403 |  |  | $ | 323 |
2014: |  |  |
United States | $ | 2,524 |  |  | $ | 198 |
All other countries | 976 |  |  | 94 |
Total | $ | 3,500 |  |  | $ | 292 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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