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Segment and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Information
Segment information for the years ended December 31 is as follows:
 
(in millions)
Revenue
 
Operating Profit (Loss)
 
2015
2014
2013
 
2015
2014
2013
S&P Ratings
$
2,428

 
$
2,455

 
$
2,274

 
$
1,078

 
$
(583
)
 
$
882

S&P Capital IQ and SNL
1,405

 
1,237

 
1,170

 
228

 
228

 
189

S&P DJ Indices
597

 
552

 
493

 
392

 
347

 
266

C&C
971

 
893

 
841

 
357

 
290

 
280

Intersegment elimination 1
(88
)
 
(86
)
 
(76
)
 
—

 
—

 
—

Total operating segments
5,313

 
5,051

 
4,702

 
2,055

 
282

 
1,617

Unallocated expense 2
—

 
—

 
—

 
(138
)
 
(169
)
 
(259
)
Total
$
5,313

 
$
5,051

 
$
4,702

 
$
1,917

 
$
113

 
$
1,358

1 
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.
2 
The year ended December 31, 2015 includes a gain of $11 million related to the sale of our interest in a legacy McGraw Hill Construction investment and costs related to identified operating efficiencies primarily related to restructuring of $10 million. 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.
(in millions)
Depreciation & Amortization
 
Capital Expenditures
 
2015
2014
2013
 
2015
2014
2013
S&P Ratings
$
43

 
$
43

 
$
45

 
$
48

 
$
33

 
$
40

S&P Capital IQ and SNL
70

 
50

 
49

 
60

 
38

 
39

S&P DJ Indices
8

 
7

 
10

 
4

 
2

 
4

C&C
29

 
24

 
22

 
18

 
11

 
17

Total operating segments
150

 
124

 
126

 
130

 
84

 
100

Corporate
7

 
10

 
11

 
9

 
8

 
17

Total
$
157

 
$
134

 
$
137

 
$
139

 
$
92

 
$
117


Segment information as of December 31 is as follows:
(in millions)
Total Assets
 
2015
 
2014
S&P Ratings
$
620

 
$
624

S&P Capital IQ and SNL
3,405

 
1,011

S&P DJ Indices
1,181

 
1,166

C&C
606

 
918

Total operating segments
5,812

 
3,719

Corporate 1
1,868

 
3,054

Assets of a business held for sale 2
503

 
—

Total
$
8,183

 
$
6,773

1 
Corporate assets consist principally of cash and cash equivalents, assets for pension benefits, deferred income taxes and leasehold improvements related to subleased areas.
2 
Includes J.D. Power as of December 31, 2015.
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,
 
2015
 
2014
 
2013
 
2015
 
2014
U.S.
$
3,202

 
$
2,911

 
$
2,723

 
$
4,198

 
$
2,117

European region
1,265

 
1,316

 
1,226

 
419

 
430

Asia
566

 
528

 
483

 
63

 
54

Rest of the world
280

 
296

 
270

 
50

 
64

Total
$
5,313

 
$
5,051

 
$
4,702

 
$
4,730

 
$
2,665



 
Revenue
 
Long-lived Assets
 
Years ended December 31,
 
December 31,
 
2015
 
2014
 
2013
 
2015
 
2014
U.S.
60
%
 
58
%
 
58
%
 
89
%
 
80
%
European region
24

 
26

 
26

 
9

 
16

Asia
11

 
10

 
10

 
1

 
2

Rest of the world
5

 
6

 
6

 
1

 
2

Total
100
%
 
100
%
 
100
%
 
100
%
 
100
%