Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Results of Discontinued Operations

Results of discontinued operations were as follows for the years ended December 31, 2014 (in millions):

	Year Ended December 31, 2014
Total revenues, less transaction-based expenses	$	347
Operating expenses:
Compensation and benefits	105
Technology and communication	31
Professional services	31
Rent and occupancy	12
Acquisition-related transaction and integration costs	103
Selling, general, administrative	16
Depreciation and amortization	16
Total operating expenses	314
Operating income	33
Other income, net	5
Income tax expense	27
Income from discontinued operations, net of tax	$	11