Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Recognition

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 15:

	Exchanges Segment		Fixed Income and Data Services Segment		Mortgage Technology Segment		Total Consolidated
Three Months Ended March 31, 2022:
Total revenues	$	1,643	$	509	$	307	$	2,459
Transaction-based expenses	560		—		—		560
Total revenues, less transaction-based expenses	$	1,083	$	509	$	307	$	1,899
Timing of Revenue Recognition
Services transferred at a point in time	$	634	$	76	$	142	$	852
Services transferred over time	449		433		165		1,047
Total revenues, less transaction-based expenses	$	1,083	$	509	$	307	$	1,899

	Exchanges Segment		Fixed Income and Data Services Segment		Mortgage Technology Segment		Total Consolidated
Three Months Ended March 31, 2021:
Total revenues	$	1,606	$	468	$	355	$	2,429
Transaction-based expenses	632		—		—		632
Total revenues, less transaction-based expenses	$	974	$	468	$	355	$	1,797
Timing of Revenue Recognition
Services transferred at a point in time	$	561	$	60	$	221	$	842
Services transferred over time	413		408		134		955
Total revenues, less transaction-based expenses	$	974	$	468	$	355	$	1,797