Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2012

A summary of operating results by segment for the periods ended June 30 is as follows:



Three Months	2012						2011
(in millions)	Revenue			Operating Income			Revenue				Operating Income
S&P Ratings	$	483		$	208		$	480			$	213
S&P Capital IQ / S&P Indices	366			100			333				98
C&C	241			71			222				49
MHE	474			57			537				42
Intersegment elimination ¹	(17		)	—			(15		)	¹	—
Total operating segments	1,547			436			1,557				402
General corporate expense	—			(71		)	—				(44		)
Total	$	1,547		$	365		$	1,557			$	358



Six Months	2012							2011
(in millions)	Revenue				Operating Income (Loss)			Revenue				Operating Income (Loss)
S&P Ratings	$	949			$	394		$	923			$	403
S&P Capital IQ / S&P Indices	719				207			657				194
C&C	474				135			429				87
MHE	770				(8		)	839				(33		)
Intersegment elimination ¹	(34		)	¹	—			(30		)	¹	—
Total operating segments	2,878				728			2,818				651
General corporate expense	—				(142		)	—				(78		)
Total	$	2,878			$	586		$	2,818			$	573


¹	Revenue for S&P Ratings and expenses for S&P Capital IQ / S&P Indices include an intersegment royalty charged to S&P Capital IQ / S&P Indices for the rights to use and distribute content and data developed by S&P Ratings.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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