Revenue From Contracts With Customers (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables summarize the disaggregation of revenue by major product and service and by segment for the three months ended March 31, 2020 and 2019:

	Three Months Ended March 31, 2020
	Market Services		Corporate Services		Information Services		Market Technology		Consolidated
	(in millions)
Transaction-based trading and clearing, net	$	209	$	—	$	—	$	—	$	209
Trade management services	72		—		—		—		72
Listing services	—		75		—		—		75
Corporate solutions	—		53		—		—		53
Market data	—		—		97		—		97
Index	—		—		73		—		73
Investment data & analytics	—		—		41		—		41
Market technology	—		—		—		81		81
Revenues less transaction-based expenses	$	281	$	128	$	211	$	81	$	701

	Three Months Ended March 31, 2019
	Market Services		Corporate Services		Information Services		Market Technology		Other Revenues		Consolidated
	(in millions)
Transaction-based trading and clearing, net	$	160	$	—	$	—	$	—	$	—	$	160
Trade management services	73		—		—		—		—		73
Listing services	—		71		—		—		—		71
Corporate solutions	—		50		—		—		—		50
Market data	—		—		100		—		—		100
Index	—		—		54		—		—		54
Investment data & analytics	—		—		39		—		—		39
Market technology	—		—		—		77		—		77
Other revenues	—		—		—		—		10		10
Revenues less transaction-based expenses	$	233	$	121	$	193	$	77	$	10	$	634

Remaining Performance Obligation

For our market technology contracts, the following table summarizes the amount of the transaction price allocated to performance obligations that are unsatisfied as of March 31, 2020:

	(in millions)
2020(1)	$	245
2021	259
2022	114
2023	82
2024	59
2025 and thereafter	95
Total	$	854

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(1) Represents performance obligations to be recognized over the remaining nine months of 2020.