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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 169 $ 132
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45 38
Share-based compensation 15 16
Deferred income taxes 29 2
Net income from unconsolidated investees (4) (2)
Other reconciling items included in net income 7 4
Net change in operating assets and liabilities, net of effects of acquisitions:    
Receivables, net (38) (5)
Other assets 4 (2)
Accounts payable and accrued expenses 12 14
Section 31 fees payable to SEC (27) (18)
Accrued personnel costs (98) (89)
Deferred revenue 149 147
Other liabilities (19) 18
Net cash provided by operating activities 244 255
Cash flows from investing activities:    
Purchases of trading securities (93) (144)
Proceeds from sales and redemptions of trading securities 120 94
Purchases of available-for-sale investment securities (5) (5)
Proceeds from maturities of available-for-sale investment securities 6 7
Acquisition of businesses, net of cash and cash equivalents acquired 0 (213)
Purchases of property and equipment (36) (23)
Other investment activities 0 (10)
Net cash used in investing activities (8) (294)
Cash flows from financing activities:    
Payments of debt obligations 0 (555)
Proceeds from utilization of credit commitment 0 325
Proceeds from issuances of senior unsecured notes and term loan facility 0 399
Cash paid for repurchase of common stock (156) (29)
Cash dividends (53) (41)
Proceeds received from employee stock activity 1 1
Payments related to employee shares withheld for taxes (47) (34)
Proceeds (disbursements) of customer funds 63 (38)
Net cash (used in) provided by financing activities (192) 28
Effect of exchange rate changes on cash and cash equivalents and restricted cash 2 6
Net increase (decrease) in cash and cash equivalents and restricted cash 46 (5)
Cash and cash equivalents and restricted cash at beginning of period 418 357
Cash and cash equivalents and restricted cash at end of period 464 352
Cash paid for:    
Interest 29 28
Income taxes, net of refund $ 26 $ 35