Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of operating results by segment

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



Three Months	2014						2013
(in millions)	Revenue			Operating Profit			Revenue			Operating Profit
S&P Ratings	$	664		$	308		$	599		$	268
S&P Capital IQ	307			54			287			49
S&P DJ Indices	133			82			123			77
C&C	263			83			259			83
Intersegment elimination ¹	(21		)	—			(18		)	—
Total operating segments	1,346			527			1,250			477
Unallocated expense ²	—			(41		)	—			(41		)
Total	$	1,346		$	486		$	1,250		$	436



Six Months	2014						2013
(in millions)	Revenue			Operating Profit			Revenue			Operating Profit
S&P Ratings	$	1,233		$	548		$	1,161		$	517
S&P Capital IQ	608			107			575			99
S&P DJ Indices	269			174			238			141
C&C	514			159			496			143
Intersegment elimination ¹	(43		)	—			(39		)	—
Total operating segments	2,581			988			2,431			900
Unallocated expense ²	—			(72		)	—			(186		)
Total	$	2,581		$	916		$	2,431		$	714


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	The three and six months ended June 30, 2013 include costs necessary to enable the separation of MHE and reduce our cost structure of $10 million and $54 million, respectively. The six months ended June 30, 2013 also includes pre-tax legal settlements of approximately $77 million.

- 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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