Segment and Related Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment and Related Information

Segment and Related Information

We have four reportable segments: S&P Ratings, S&P Capital IQ, S&P DJ Indices and C&C. The Executive Committee, consisting of our principal corporate executives, is our chief operating decision-maker and evaluates performance of our segments and allocates resources based primarily on operating profit. Segment operating profit does not include unallocated expense or interest expense, which are centrally managed costs. A summary of operating results by segment for the periods ended June 30 is as follows:

Three Months	2013						2012
(in millions)	Revenue			Operating Profit			Revenue			Operating Profit
S&P Ratings	$	599		$	277		$	483		$	208
S&P Capital IQ	287			55			277			58
S&P DJ Indices	123			80			89			42
C&C	259			83			240			71
Intersegment elimination 1	(18		)	—			(17		)	—
Total operating segments	1,250			495			1,072			379
Unallocated expense 2	—			(59		)	—			(71		)
Total	$	1,250		$	436		$	1,072		$	308

Six Months	2013						2012
(in millions)	Revenue			Operating Profit			Revenue			Operating Profit
S&P Ratings	$	1,161		$	536		$	949		$	394
S&P Capital IQ	575			111			551			120
S&P DJ Indices	238			147			168			87
C&C	496			145			474			135
Intersegment elimination 1	(39		)	—			(34		)	—
Total operating segments	2,431			939			2,108			736
Unallocated expense 2	—			(225		)	—			(146		)
Total	$	2,431		$	714		$	2,108		$	590

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

²  Includes Growth and Value Plan costs of $10 million and $54 million for the three and six months ended June 30, 2013, respectively and $24 million and $53 million for the three and six months ended June 30, 2012, respectively. Also includes pre-tax legal settlements of approximately $77 million for the six months ended June 30, 2013.

See Note 2 —Acquisitions and Divestitures and Note 9 —Restructuring for additional actions that impacted the segment operating results.