Segment and Related Information (Tables)

9 Months Ended

Sep. 30, 2012

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



Three Months	2012						2011
(in millions)	Revenue			Operating Profit			Revenue			Operating Profit
S&P Ratings	$	502		$	209		$	410		$	169
S&P Capital IQ / S&P Indices	393			101			349			113
C&C	239			60			228			51
MHE	836			253			937			315
Intersegment elimination ¹	(17		)	—			(16		)	—
Total operating segments	1,953			623			1,908			648
General corporate expense ²	—			(95		)	—			(41		)
Total	$	1,953		$	528		$	1,908		$	607



Nine Months	2012						2011
(in millions)	Revenue			Operating Profit			Revenue			Operating Profit
S&P Ratings	$	1,451		$	603		$	1,333		$	572
S&P Capital IQ / S&P Indices	1,112			308			1,006			307
C&C	713			195			657			139
MHE	1,606			245			1,777			281
Intersegment elimination ¹	(52		)	—			(47		)	—
Total operating segments	4,830			1,351			4,726			1,299
General corporate expense ²	—			(237		)	—			(119		)
Total	$	4,830		$	1,114		$	4,726		$	1,180


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.


²	General corporate expense includes Growth and Value Plan costs, which includes restructuring charges of $52 million and $112 million for the three and nine months ended September 30, 2012, respectively.

- 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.

+ References+ Details