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Significant Accounting Policies Update (Tables) | 9 Months Ended
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Sep. 30, 2018
Accounting Policies [Abstract] |
Remaining Performance Obligation, Expected Timing of Satisfaction | The following table summarizes the amount of the transaction price allocated to performance obligations that are unsatisfied as of September 30, 2018 and relates to our Market Technology segment:
| (in millions)
2018(1) | $ | 63 |
2019 | 238 |
2020 | 157 |
2021 | 90 |
2022 | 55 |
2023 and thereafter | 100 |
Total | $ | 703 |
____________ (1) Represents performance obligations to be recognized over the remaining three months of 2018.
Disaggregation of Revenue | The following tables summarize the disaggregation of revenue by major product and service and by segment for the nine months ended September 30, 2018 and 2017:
| Nine Months Ended September 30, 2018
| Market Services |  | Corporate Services |  | Information Services |  | Market Technology |  | Other Revenues |  | Consolidated
| (in millions)
Transaction-based trading and clearing, net | $ | 489 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 489 |
Trade management services | 220 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 220 |
Corporate solutions | — |  |  | 178 |  |  | — |  |  | — |  |  | — |  |  | 178 |
Listing services | — |  |  | 217 |  |  | — |  |  | — |  |  | — |  |  | 217 |
Market data products | — |  |  | — |  |  | 293 |  |  | — |  |  | — |  |  | 293 |
Index | — |  |  | — |  |  | 152 |  |  | — |  |  | — |  |  | 152 |
Investment data & analytics | — |  |  | — |  |  | 83 |  |  | — |  |  | — |  |  | 83 |
Market technology | — |  |  | — |  |  | — |  |  | 194 |  |  | — |  |  | 194 |
Other revenues | — |  |  | — |  |  | — |  |  | — |  |  | 56 |  |  | 56 |
Revenues less transaction-based expenses | $ | 709 |  |  | $ | 395 |  |  | $ | 528 |  |  | $ | 194 |  |  | $ | 56 |  |  | $ | 1,882 |
| Nine Months Ended September 30, 2017
| Market Services |  | Corporate Services |  | Information Services |  | Market Technology |  | Other Revenues |  | Consolidated
| (in millions)
Transaction-based trading and clearing, net | $ | 441 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 441 |
Trade management services | 218 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 218 |
Corporate solutions | — |  |  | 173 |  |  | — |  |  | — |  |  | — |  |  | 173 |
Listing services | — |  |  | 197 |  |  | — |  |  | — |  |  | — |  |  | 197 |
Market data products | — |  |  | — |  |  | 276 |  |  | — |  |  | — |  |  | 276 |
Index | — |  |  | — |  |  | 125 |  |  | — |  |  | — |  |  | 125 |
Investment data & analytics | — |  |  | — |  |  | 31 |  |  | — |  |  | — |  |  | 31 |
Market technology | — |  |  | — |  |  | — |  |  | 176 |  |  | — |  |  | 176 |
Other revenues | — |  |  | — |  |  | — |  |  | — |  |  | 143 |  |  | 143 |
Revenues less transaction-based expenses | $ | 659 |  |  | $ | 370 |  |  | $ | 432 |  |  | $ | 176 |  |  | $ | 143 |  |  | $ | 1,780 |
The following tables summarize the disaggregation of revenue by major product and service and by segment for the three months ended September 30, 2018 and 2017:
| Three Months Ended September 30, 2018
| Market Services |  | Corporate Services |  | Information Services |  | Market Technology |  | Other Revenues |  | Consolidated
| (in millions)
Transaction-based trading and clearing, net | $ | 150 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 150 |
Trade management services | 72 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 72 |
Corporate solutions | — |  |  | 59 |  |  | — |  |  | — |  |  | — |  |  | 59 |
Listing services | — |  |  | 72 |  |  | — |  |  | — |  |  | — |  |  | 72 |
Market data products | — |  |  | — |  |  | 95 |  |  | — |  |  | — |  |  | 95 |
Index | — |  |  | — |  |  | 52 |  |  | — |  |  | — |  |  | 52 |
Investment data & analytics | — |  |  | — |  |  | 32 |  |  | — |  |  | — |  |  | 32 |
Market technology | — |  |  | — |  |  | — |  |  | 68 |  |  | — |  |  | 68 |
Other revenues | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Revenues less transaction-based expenses | $ | 222 |  |  | $ | 131 |  |  | $ | 179 |  |  | $ | 68 |  |  | $ | — |  |  | $ | 600 |
| Three Months Ended September 30, 2017
| Market Services |  | Corporate Services |  | Information Services |  | Market Technology |  | Other Revenues |  | Consolidated
| (in millions)
Transaction-based trading and clearing, net | $ | 144 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 144 |
Trade management services | 75 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 75 |
Corporate solutions | — |  |  | 59 |  |  | — |  |  | — |  |  | — |  |  | 59 |
Listing services | — |  |  | 67 |  |  | — |  |  | — |  |  | — |  |  | 67 |
Market data products | — |  |  | — |  |  | 97 |  |  | — |  |  | — |  |  | 97 |
Index | — |  |  | — |  |  | 43 |  |  | — |  |  | — |  |  | 43 |
Investment data & analytics | — |  |  | — |  |  | 10 |  |  | — |  |  | — |  |  | 10 |
Market technology | — |  |  | — |  |  | — |  |  | 62 |  |  | — |  |  | 62 |
Other revenues | — |  |  | — |  |  | — |  |  | — |  |  | 46 |  |  | 46 |
Revenues less transaction-based expenses | $ | 219 |  |  | $ | 126 |  |  | $ | 150 |  |  | $ | 62 |  |  | $ | 46 |  |  | $ | 603 |

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