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Segment and Related Information
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment and Related Information
Segment and Related Information

We have four reportable segments: S&P Ratings, S&P Capital IQ and SNL, S&P DJ Indices and C&C. Our Chief Executive Officer 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 as these are costs that do not affect the operating results of our segments.

A summary of operating results by segment for the periods ended September 30 is as follows: 
Three Months
2015
 
2014
(in millions)
Revenue
 
Operating Profit
 
Revenue
 
Operating Profit
S&P Ratings 1
$
587

 
$
194

 
$
604

 
$
183

S&P Capital IQ and SNL
356

 
53

 
311

 
64

S&P DJ Indices
156

 
106

 
143

 
86

C&C
248

 
93

 
227

 
71

Intersegment elimination 2
(23
)
 
—

 
(22
)
 
—

Total operating segments
1,324

 
446

 
1,263

 
404

Unallocated expense 3
—

 
(36
)
 
—

 
(38
)
Total
$
1,324

 
$
410

 
$
1,263

 
$
366


Nine Months
2015
 
2014
(in millions)
Revenue
 
Operating Profit
 
Revenue
 
Operating Profit
S&P Ratings 1
$
1,851

 
$
846

 
$
1,837

 
$
730

S&P Capital IQ and SNL
1,000

 
178

 
919

 
172

S&P DJ Indices
446

 
297

 
412

 
260

C&C
707

 
265

 
657

 
217

Intersegment elimination 2
(66
)
 
—

 
(64
)
 
—

Total operating segments
3,938

 
1,586

 
3,761

 
1,379

Unallocated expense 3
—

 
(93
)
 
—

 
(118
)
Total
$
3,938

 
$
1,493

 
$
3,761

 
$
1,261


1 
Operating profit for the three and nine months ended September 30, 2015 includes legal settlement charges partially offset by a benefit related to legal settlement insurance recoveries of $86 million and $40 million, respectively. Operating profit for the three and nine months ended September 30, 2014 includes legal settlement charges of $60 million.
2 
Revenue for S&P Ratings and expenses for S&P Capital IQ and SNL include an intersegment royalty charged to S&P Capital IQ and SNL for the rights to use and distribute content and data developed by S&P Ratings.
3 
The nine months ended September 30, 2015 include a gain of $11 million related to the sale of our interest in a legacy McGraw Hill Construction investment. See Note 2 — Acquisitions and Divestitures for additional information.

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