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Deferred Revenue | 9 Months Ended
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Sep. 30, 2018
Revenue from Contract with Customer [Abstract] |
Deferred Revenue | Deferred Revenue Deferred revenue represents consideration received that is yet to be recognized as revenue. The changes in our deferred revenue during the nine months ended September 30, 2018 are reflected in the following table:
| Initial Listing Revenues |  | Annual Listings Revenues |  | Market Technology Revenues |  | Corporate Solutions and Other Revenues(2) |  | Information Services Revenues |  | Other(3) |  | Total
| (in millions)
Balance at December 31, 2017 | $ | 64 |  |  | $ | 3 |  |  | $ | 109 |  |  | $ | 37 |  |  | $ | 40 |  |  | $ | 34 |  |  | $ | 287 |
Additions | 30 |  |  | 231 |  |  | 118 |  |  | 189 |  |  | 128 |  |  | 18 |  |  | 714 |
Revenue recognized | (27 | ) |  | (173 | ) |  | (131 | ) |  | (191 | ) |  | (91 | ) |  | (29 | ) |  | (642 | )
Reclassification of deferred revenue(1) | — |  |  | — |  |  | (11 | ) |  | 11 |  |  | — |  |  | — |  |  | — |
Translation adjustment | (2 | ) |  | (1 | ) |  | (8 | ) |  | — |  |  | 1 |  |  | (1 | ) |  | (11 | )
Balance at September 30, 2018 | $ | 65 |  |  | $ | 60 |  |  | $ | 77 |  |  | $ | 46 |  |  | $ | 78 |  |  | $ | 22 |  |  | $ | 348 |
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(1) | Concurrent with the realignment of our BWise corporate enterprise risk management solutions from our Market Technology segment to our Corporate Services segment, deferred revenue was reassigned to the Corporate Services segment.
(2) | Other revenues include the revenues from the Public Relations Solutions and Digital Media Services businesses through the date of sale (April 2018). See “2018 Divestiture,” of Note 4, “Acquisitions and Divestiture,” to the condensed consolidated financial statements for further discussion.
(3) | The balance as of September 30, 2018 and December 31, 2017 primarily includes deferred revenue from listing of additional shares fees which are included in our Listing Services segment. The activity during the period primarily pertains to our Trade Management Services and FICC businesses, which are included in our Market Services segment, for contracts paid monthly or quarterly in advance of the service.
On January 1, 2018, we adopted Topic 606. As a result, a portion of revenues that were previously deferred were recognized either in prior period revenues, through restatement, or as an adjustment to retained earnings upon adoption of the new standard. See “Revenue From Contracts With Customers,” of Note 3, “Significant Accounting Policies Update,” for a description of our initial listing, annual listing, market technology, corporate solutions, and information services revenues and the revenue recognition policy for each of these revenue streams. As of September 30, 2018, we estimate that our deferred revenue will be recognized in the following years:
| Initial Listing Revenues |  | Annual Listings Revenues |  | Market Technology Revenues |  | Corporate Solutions Revenues |  | Information Services Revenues |  | Other(2) |  | Total
| (in millions)
Fiscal year ended: |  |  |  |  |  |  |  |  |  |  |  |  |
2018(1) | $ | 6 |  |  | $ | 60 |  |  | $ | 18 |  |  | $ | 24 |  |  | $ | 35 |  |  | $ | 3 |  |  | $ | 146 |
2019 | 23 |  |  | — |  |  | 34 |  |  | 21 |  |  | 43 |  |  | 10 |  |  | 131 |
2020 | 15 |  |  | — |  |  | 18 |  |  | 1 |  |  | — |  |  | 6 |  |  | 40 |
2021 | 10 |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | 3 |  |  | 20 |
2022 | 7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7 |
2023 and thereafter | 4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |
Total | $ | 65 |  |  | $ | 60 |  |  | $ | 77 |  |  | $ | 46 |  |  | $ | 78 |  |  | $ | 22 |  |  | $ | 348 |
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(1) | Represents deferred revenue that is anticipated to be recognized over the remaining three months of 2018.
(2) | Other primarily includes revenues from listing of additional shares fees which are included in our Listing Services business.
The timing of recognition of our deferred market technology revenues is primarily dependent upon the completion of customization and any significant modifications made pursuant to existing market technology contracts. As such, as it relates to market technology revenues, the timing represents our best estimate.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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