XML 55 R41.htm IDEA: XBRL DOCUMENT v3.20.2
Business Segments (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Operating Segments
The following table presents certain information regarding our business segments for the three and nine months ended September 30, 2020 and 2019:
 Market ServicesCorporate ServicesInformation ServicesMarket TechnologyCorporate ItemsConsolidated
 (in millions)
Three Months Ended September 30, 2020      
Total revenues$958 $132 $238 $86 $— $1,414 
Transaction-based expenses(699)— — — — (699)
Revenues less transaction-based expenses259 132 238 86 — 715 
Operating income (loss)$154 $51 $155 $9 $(43)$326 
Three Months Ended September 30, 2019      
Total revenues$690 $124 $198 $84 $— $1,096 
Transaction-based expenses(464)— — — — (464)
Revenues less transaction-based expenses226 124 198 84 — 632 
Operating income (loss)$129 $45 $126 $15 $(89)$226 
Nine Months Ended September 30, 2020      
Total revenues$2,867 $386 $661 $251 $— $4,165 
Transaction-based expenses(2,050)— — — — (2,050)
Revenues less transaction-based expenses817 386 661 251 — 2,115 
Operating income (loss)$509 $145 $420 $32 $(190)$916 
Nine Months Ended September 30, 2019      
Total revenues$1,995 $368 $585 $239 $10 $3,197 
Transaction-based expenses(1,308)— — — — (1,308)
Revenues less transaction-based expenses687 368 585 239 10 1,889 
Operating income (loss)$392 $134 $372 $29 $(170)$757 
Schedule of Corporate Items
A summary of our corporate items is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
(in millions)
Revenues - divested business$— $— $— $10 
Expenses:
Amortization expense of acquired intangible assets
26 25 76 76 
Merger and strategic initiatives expense
1 10 12 25 
Restructuring charges11 30 36 30 
Provision for notes receivable6 20 6 20 
Extinguishment of debt— — 36 11 
Charitable donations— — 17 — 
Expenses - divested business— — — 8 
Other(1)4 7 10 
Total expenses43 89 190 180 
Operating loss$(43)$(89)$(190)$(170)