XML 43 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business Transactions
3 Months Ended
Sep. 30, 2012
Business Transactions [Abstract]  
Mergers, Acquisitions and Dispositions Disclosures [Text Block]
Business Transactions
Formation of S&P/DJI Indices LLC
On June 29, 2012, CME Group, Index Services and McGraw completed the formation of a new index business venture, S&P/Dow Jones Indices LLC (the venture) and contributed the DJI asset group to the venture. On a consolidated basis, CME Group has a total interest of 27.0% in the venture. Excluding the ownership interest attributable to Dow Jones through its non-controlling interest in Index Services, CME Group has a 24.4% interest in the venture. As a result of its contribution, Index Services derecognized the DJI asset group and recorded a $79.8 million gain included in other non-operating income on the consolidated statements of income. At September 30, 2012, the carrying value of the investment was $940.8 million and is recorded in other assets in the consolidated balance sheet as an equity method investment.
Sale of Credit Market Analysis Ltd.
On June 29, 2012, the company sold CMA to McGraw for $45.9 million in conjunction with the formation of the venture. As a result, the company recognized a $19.9 million loss, which was included in other non-operating expense in the consolidated statements of income. The loss includes a previously unrecognized foreign currency translation adjustment of $18.4 million.