Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2021

Revenue Recognition and Deferred Revenue [Abstract]

Schedule of Disaggregation of Revenue

The following table depicts the disaggregation of our revenue according to business line and segment (in millions). Amounts here have been aggregated as they follow consistent revenue recognition patterns, and are consistent with the segment information in Note 18:

	Exchanges Segment		Fixed Income and Data Services Segment		Mortgage Technology Segment		Total Consolidated
Year ended December 31, 2021
Exchanges	$	5,878	$	—	$	—	$	5,878
Fixed income and data services	—		1,883		—		1,883
Mortgage technology	—		—		1,407		1,407
Total revenues	5,878		1,883		1,407		9,168
Transaction-based expenses	2,022		—		—		2,022
Total revenues, less transaction-based expenses	$	3,856	$	1,883	$	1,407	$	7,146
Timing of Revenue Recognition
Services transferred at a point in time	$	2,166	$	216	$	820	$	3,202
Services transferred over time	1,690		1,667		587		3,944
Total revenues, less transaction-based expenses	$	3,856	$	1,883	$	1,407	$	7,146

	Exchanges Segment		Fixed Income and Data Services Segment		Mortgage Technology Segment		Total Consolidated
Year ended December 31, 2020
Exchanges	$	5,839	$	—	$	—	$	5,839
Fixed income and data services	—		1,810		—		1,810
Mortgage technology	—		—		595		595
Total revenues	5,839		1,810		595		8,244
Transaction-based expenses	2,208		—		—		2,208
Total revenues, less transaction-based expenses	$	3,631	$	1,810	$	595	$	6,036
Timing of Revenue Recognition
Services transferred at a point in time	$	2,045	$	249	$	439	$	2,733
Services transferred over time	1,586		1,561		156		3,303
Total revenues, less transaction-based expenses	$	3,631	$	1,810	$	595	$	6,036

	Exchanges Segment		Fixed Income and Data Services Segment		Mortgage Technology Segment		Total Consolidated
Year ended December 31, 2019
Exchanges	$	4,652	$	—	$	—	$	4,652
Fixed income and data services	—		1,756		—		1,756
Mortgage technology	—		—		139		139
Total revenues	4,652		1,756		139		6,547
Transaction-based expenses	1,345		—		—		1,345
Total revenues, less transaction-based expenses	$	3,307	$	1,756	$	139	$	5,202
Timing of Revenue Recognition
Services transferred at a point in time	$	1,784	$	270	$	133	$	2,187
Services transferred over time	1,523		1,486		6		3,015
Total revenues, less transaction-based expenses	$	3,307	$	1,756	$	139	$	5,202