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Segment and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment information
Segment information for the years ended December 31 is as follows:
 
(in millions)
Revenue
 
Operating (Loss) Profit
 
2014
2013
2012
 
2014
2013
2012
S&P Ratings
$
2,455

 
$
2,274

 
$
2,034

 
$
(583
)
 
$
882

 
$
809

S&P Capital IQ
1,237

 
1,170

 
1,124

 
228

 
189

 
183

S&P DJ Indices
552

 
493

 
388

 
347

 
266

 
202

C&C 1
893

 
841

 
793

 
290

 
280

 
219

Intersegment elimination 2
(86
)
 
(76
)
 
(69
)
 
—

 
—

 
—

Total operating segments
5,051

 
4,702

 
4,270

 
282

 
1,617

 
1,413

Unallocated expense 3
—

 
—

 
—

 
(169
)
 
(259
)
 
(243
)
Total
$
5,051

 
$
4,702

 
$
4,270

 
$
113

 
$
1,358

 
$
1,170

1 
McGraw Hill Construction has historically been part of the C&C segment. In accordance with the presentation of McGraw Hill Construction as a discontinued operation, the results of operations, inclusive of corporate overhead allocations, for all periods presented have been reclassified out of C&C's results to reflect this change. See Note 2 — Acquisitions and Divestitures for further discussion.
2 
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.
3 
The year ended December 31, 2014 includes restructuring charges of $16 million. The year ended December 31, 2013 includes costs necessary to enable the separation of MHE and reduce our cost structure of $64 million, a $36 million non-cash impairment charge related to the sale of a data center and $13 million related to terminating various leases as we reduce our real estate portfolio. The year ended December 31, 2012 includes costs necessary to enable the separation of MHE and reduce our cost structure of $156 million and $52 million related to a vacation accrual reversal.
(in millions)
Depreciation & Amortization
 
Capital Expenditures
 
2014
2013
2012
 
2014
2013
2012
S&P Ratings
$
43

 
$
45

 
$
43

 
$
33

 
$
40

 
$
43

S&P Capital IQ
50

 
49

 
50

 
38

 
39

 
22

S&P DJ Indices
7

 
10

 
8

 
2

 
4

 
2

C&C
24

 
22

 
23

 
11

 
17

 
16

Total operating segments
124

 
126

 
124

 
84

 
100

 
83

Corporate
10

 
11

 
17

 
8

 
17

 
13

Total
$
134

 
$
137

 
$
141

 
$
92

 
$
117

 
$
96


Segment information as of December 31 is as follows:
(in millions)
Total Assets
 
2014
 
2013
S&P Ratings
$
624

 
$
630

S&P Capital IQ
1,011

 
1,054

S&P DJ Indices
1,166

 
1,160

C&C
918

 
907

Total operating segments
3,719

 
3,751

Corporate 1
3,052

 
2,213

Assets held for sale 2
—

 
97

Total
$
6,771

 
$
6,061

1 
Corporate assets consist principally of cash and equivalents, assets for pension benefits, deferred income taxes and leasehold improvements related to subleased areas.
2 
Includes McGraw Hill Construction and one of our data centers as of December 31, 2013.
Schedule of revenue and long-lived assets by geographic region
The following provides revenue and long-lived assets by geographic region:
(in millions)
Revenue
 
Long-lived Assets
 
Years ended December 31,
 
December 31,
 
2014
 
2013
 
2012
 
2014
 
2013
United States
$
2,911

 
$
2,723

 
$
2,508

 
$
2,117

 
$
2,206

European region
1,316

 
1,226

 
1,067

 
430

 
432

Asia
528

 
483

 
453

 
54

 
59

Rest of the world
296

 
270

 
242

 
64

 
54

Total
$
5,051

 
$
4,702

 
$
4,270

 
$
2,665

 
$
2,751



 
Revenue
 
Long-lived Assets
 
Years ended December 31,
 
December 31,
 
2014
 
2013
 
2012
 
2014
 
2013
United States
58
%
 
58
%
 
59
%
 
80
%
 
80
%
European region
26

 
26

 
25

 
16

 
16

Asia
10

 
10

 
11

 
2

 
2

Rest of the world
6

 
6

 
5

 
2

 
2

Total
100
%
 
100
%
 
100
%
 
100
%
 
100
%