Deferred Revenue Deferred Revenue (Tables)

12 Months Ended

Dec. 31, 2014

Deferred Revenue Disclosure [Abstract]

Deferred Revenue Recognition Schedule

As of December 31, 2014, we estimate that our deferred revenue will be recognized in the following years (in millions):

	Original Listing Fee Revenues		Other Listing Fee Revenues		Market Data Fee and Other Revenues		Total
2015	$	6	$	8	$	55	$	69
2016	6		8		—		14
2017	6		6		—		12
2018	6		5		—		11
2019	6		5		—		11
Thereafter	17		2		—		19
Total	$	47	$	34	$	55	$	136

Deferred Revenue Rollforward

The changes in our deferred revenue during the years ended December 31, 2014 and 2013 are as follows (in millions):

	Annual Listing Fee Revenue			Original Listing Fee Revenues			Other Listing Fee Revenues			Market Data Fee and Other Revenues			Total
Deferred revenue balance at January 1, 2013	$	—		$	—		$	—		$	11		$	11
Additions	29			7			3			61			100
Amortization	(29		)	—			—			(16		)	(45		)
Deferred revenue balance at December 31, 2013	—			7			3			56			66
Additions	330			43			35			89			497
Amortization	(330		)	(3		)	(4		)	(72		)	(409		)
De-consolidation of Euronext and NYSE Technologies (Note 16)	—			—			—			(18		)	(18		)
Deferred revenue balance at December 31, 2014	$	—		$	47		$	34		$	55		$	136