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Segment and Related Information (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of operating results by segment
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.