Business Combinations

6 Months Ended

May 31, 2016

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Business Combinations

During the three and six months endedMay 31, 2016, we completed the following acquisitions:

CARPROOF. On December 24, 2015, we acquired CARPROOF, a Canada-based company that offers products and services in vehicle history, appraisal, and valuation for the automotive industry, for approximately $460 million, net of cash acquired. We acquired CARPROOF in order to expand our vehicle history report services into Canada. This acquisition will be included in our Transportation segment.

Oil Price Information Service (OPIS). On February 10, 2016, we acquired OPIS, an internationally referenced pricing reporting agency that serves the oil, natural gas, and biofuels industries, for $654 million, net of cash acquired. OPIS information primarily serves the downstream energy market, and we completed this acquisition in support of our efforts to further diversify our energy portfolio. This acquisition will be included in our Resources segment.

We have preliminarily allocated $376 million of the aggregate purchase price for these two acquisitions to amortizing intangible assets and $789 million to goodwill.

Proposed Merger with Markit Ltd.

On March 20, 2016, we entered into an agreement and plan of merger with Markit Ltd., a Bermuda company (Markit), and Marvel Merger Sub, Inc., a Delaware corporation and an indirect and wholly-owned subsidiary of Markit (Merger Sub), pursuant to which Merger Sub will merge with and into IHS, with IHS surviving such merger as an indirect wholly-owned subsidiary of Markit.  Upon completion of the merger, IHS stockholders will receive 3.5566 common shares of Markit for each share of IHS Class A common stock.  The completion of the merger is subject to customary closing conditions, including approval by both IHS stockholders and Markit shareholders.

Other than certain acquisition-related costs related to the merger announcement (see Note 7), the proposed merger has had no other impact on these consolidated interim financial statements.