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Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 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 SegmentFixed Income and Data Services SegmentMortgage Technology SegmentTotal Consolidated
Nine Months Ended September 30, 2022:
Total revenues$4,824 $1,555 $880 $7,259 
Transaction-based expenses1,735 — — 1,735 
Total revenues, less transaction-based expenses$3,089 $1,555 $880 $5,524 
Timing of Revenue Recognition
Services transferred at a point in time$1,760 $263 $374 $2,397 
Services transferred over time1,329 1,292 506 3,127 
Total revenues, less transaction-based expenses$3,089 $1,555 $880 $5,524 
 Exchanges SegmentFixed Income and Data Services SegmentMortgage Technology SegmentTotal Consolidated
Nine Months Ended September 30, 2021:
Total revenues$4,376 $1,403 $1,061 $6,840 
Transaction-based expenses1,534 — — 1,534 
Total revenues, less transaction-based expenses$2,842 $1,403 $1,061 $5,306 
Timing of Revenue Recognition
Services transferred at a point in time$1,590 $162 $631 $2,383 
Services transferred over time1,252 1,241 430 2,923 
Total revenues, less transaction-based expenses$2,842 $1,403 $1,061 $5,306 

 Exchanges SegmentFixed Income and Data Services SegmentMortgage Technology SegmentTotal Consolidated
Three Months Ended September 30, 2022:
Total revenues$1,577 $534 $276 $2,387 
Transaction-based expenses576 — — 576 
Total revenues, less transaction-based expenses$1,001 $534 $276 $1,811 
Timing of Revenue Recognition
Services transferred at a point in time$563 $104 $104 $771 
Services transferred over time438 430 172 1,040 
Total revenues, less transaction-based expenses$1,001 $534 $276 $1,811 

 Exchanges SegmentFixed Income and Data Services SegmentMortgage Technology SegmentTotal Consolidated
Three Months Ended September 30, 2021:
Total revenues$1,434 $477 $366 $2,277 
Transaction-based expenses475 — — 475 
Total revenues, less transaction-based expenses$959 $477 $366 $1,802 
Timing of Revenue Recognition
Services transferred at a point in time$534 $55 $214 $803 
Services transferred over time425 422 152 999 
Total revenues, less transaction-based expenses$959 $477 $366 $1,802 
The components of services transferred over time for each of our segments are as follows:
Nine Months Ended September 30,
Three Months Ended September 30,
 2022202120222021
Exchanges Segment:
Data services revenues
$651 $623 $219 $208 
Services transferred over time related to risk management of open interest performance obligations
$201 $190 $62 $65 
Services transferred over time related to listings$388 $356 $128 $123 
Services transferred over time related to regulatory fees, trading permits, and software licenses$89 $83 $29 $29 
Total
$1,329 $1,252 $438 $425 
Fixed Income Data Services Segment:
Data services revenues$1,263 $1,220 $420 $414 
Services transferred over time related to risk management of open interest performance obligations in our CDS business$29 $21 $10 $8 
Total
$1,292 $1,241 $430 $422 
Mortgage Technology Segment:
Subscription revenues$479 $404 $163 $143 
Professional service revenues and other$27 $26 $9 $9 
Total$506 $430 $172 $152 
Total consolidated revenues transferred over time$3,127 $2,923 $1,040 $999