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Deferred Revenue (Tables)
12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Changes in Deferred Revenue
The changes in our deferred revenue during the year ended December 31, 2018 are reflected in the following table: 
 
Initial Listing Revenues
 
Annual Listings Revenues
 
Market Technology Revenues
 
Corporate Solutions and Other
 Revenues(3)
 
Information Services Revenues
 
Other(4)
 
Total
 
(in millions)
Balance at December 31, 2017
$
64

 
$
3

 
$
109

 
$
37

 
$
40

 
$
34

 
$
287

Additions
29

 
236

 
168

 
242

 
169

 
23

 
867

Revenue recognized
(25
)
 
(234
)
 
(183
)
 
(242
)
 
(130
)
 
(36
)
 
(850
)
Reclassification of deferred revenue(1)

 

 
(11
)
 
11

 

 

 

Deferred revenue reclassified to held for sale(2)

 

 

 
(12
)
 

 

 
(12
)
Translation adjustment
(2
)
 
(1
)
 
(8
)
 

 
1

 
(1
)
 
(11
)
Balance at December 31, 2018
$
66

 
$
4

 
$
75

 
$
36

 
$
80

 
$
20

 
$
281


____________
(1) 
Concurrent with the realignment of our BWise internal audit, regulatory compliance management, and operational risk management software solutions from our Market Technology segment to our Corporate Services segment, deferred revenue was reassigned to the Corporate Services segment.
(2) See Note 5, “Assets and Liabilities Held for Sale,” for further discussion.
(3) 
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 3, “Acquisitions and Divestiture,” to the consolidated financial statements for further discussion.
(4) 
The balance as of December 31, 2018 and 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.
Estimated Deferred Revenue
As of December 31, 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(1)
 
Total
 
(in millions)
Fiscal year ended:
 
 
 
 
 
 
 
 
 
 
 
 
 
2019
$
23

 
$
4

 
$
47

 
$
33

 
$
77

 
$
10

 
$
194

2020
20

 

 
21

 
3

 
3

 
7

 
54

2021
10

 

 
7

 

 

 
2

 
19

2022
7

 

 

 

 

 
1

 
8

2023
5

 

 

 

 

 

 
5

2024 and thereafter
1

 

 

 

 

 

 
1

Total
$
66

 
$
4

 
$
75

 
$
36

 
$
80

 
$
20

 
$
281


____________
(1) 
Other primarily includes revenues from listing of additional shares fees which are included in our Listing Services business.