XML 72 R53.htm IDEA: XBRL DOCUMENT v3.3.1.900
Taxes on Income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income before taxes domestic and foreign operations      
Domestic operations $ 1,266 $ (423) $ 821
Foreign operations 549 477 478
Total continuing income before taxes 1,815 54 1,299
Federal:      
Current 90 285 194
Deferred 276 (213) 51
Total federal 366 72 245
Foreign:      
Current 111 135 152
Deferred (1) 1 (19)
Total foreign 110 136 133
State and local:      
Current 34 62 37
Deferred 37 (25) 10
Total state and local 71 37 47
Total provision for taxes for continuing operations 547 245 425
Provision for discontinued operations 0 140 299
Total provision for taxes $ 547 $ 385 $ 724
Reconciliation of federal statutory income tax rate      
U.S. federal statutory income tax rate 35.00% 35.00% 35.00%
Legal and regulatory settlements 0.00% 524.10% 0.00%
State and local income taxes 2.60% 64.20% 2.80%
Foreign operations (3.20%) (79.60%) (3.90%)
S&P Dow Jones Indices LLC joint venture (2.00%) (60.20%) (2.00%)
Tax credits and incentives (2.90%) (91.50%) (2.10%)
Other, net 0.60% 61.70% 2.90%
Effective income tax rate for continuing operations 30.10% 453.70% 32.70%