Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The change in the carrying amount of goodwill by segment is shown below:

(in millions)	S&P Ratings			S&P Capital IQ			S&P DJ Indices			C&C			Total
Balance as of December 31, 2012	$	130		$	457		$	380		$	468		$	1,435
Dispositions	—			(3		)	(4		)	(29		)	(36		)
Other (primarily Fx)	(5		)	15			—			—			10
Balance as of December 31, 2013	125			469			376			439			1,409
Acquisitions	4			—			—			38			42
Dispositions	—			—			—			(32		)	(32		)
Other (primarily Fx)	(7		)	(17		)	—			(8		)	(32		)
Balance as of December 31, 2014	$	122		$	452		$	376		$	437		$	1,387

Other Intangible Assets

The following table summarizes our definite-lived intangible assets:

(in millions)
Cost	Databases and software			Content		Customer relationships		Tradenames		Other intangibles			Total
Balance as of December 31, 2012	$	126		$	139	$	225	$	45	$	159		$	694
Acquisitions	—			—		—		—		44			44
Dispositions	(9		)	—		—		—		(13		)	(22		)
Impairment1	—			—		—		—		(26		)	(26		)
Other (primarily Fx)	(2		)	—		—		—		(6		)	(8		)
Balance as of December 31, 2013	115			139		225		45		158			682
Acquisitions	—			—		—		—		13			13
Transfers	—			—		—		—		(44		)	(44		)
Other (primarily Fx)	(2		)	—		3		1		(16		)	(14		)
Balance as of December 31, 2014	$	113		$	139	$	228	$	46	$	111		$	637
Accumulated amortization
Balance as of December 31, 2012	$	80		$	31	$	55	$	30	$	49		$	245
Current year amortization	9			14		11		2		15			51
Dispositions	(6		)	—		—		—		(9		)	(15		)
Other (primarily Fx)	—			—		1		—		1			2
Balance as of December 31, 2013	83			45		67		32		56			283
Current year amortization	6			14		13		3		12			48
Other (primarily Fx)	(1		)	—		—		—		(4		)	(5		)
Balance as of December 31, 2014	$	88		$	59	$	80	$	35	$	64		$	326
Net definite-lived intangibles:
December 31, 2013	$	32		$	94	$	158	$	13	$	102		$	399
December 31, 2014	$	25		$	80	$	148	$	11	$	47		$	311

¹  We incurred a $26 million non-cash impairment charge associated with an intangible asset acquired through the formation of our S&P Dow Jones Indices LLC joint venture.

Amortization expense and projected amortization expense for intangible assets

Amortization expense for the years ended December 31, 2014, 2013 and 2012, and the projected amortization expense for intangible assets over the next five years for the years ended December 31, assuming no further acquisitions or dispositions, is as follows:

(in millions)	Amortization expense		Expected amortization expense
2012	$	48
2013	51
2014	48
2015			$	47
2016			47
2017			44
2018			37
2019			29