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Segment and Related Information (Tables)
 9 Months Ended
Sep. 30, 2016
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
2016
 
2015
(in millions)
Revenue
 
Operating Profit
 
Revenue
 
Operating Profit
S&P Global Ratings 1
$
642

 
$
346

 
$
587

 
$
194

S&P Global Market Intelligence 2
429

 
112

 
356

 
53

S&P DJ Indices 3
164

 
107

 
156

 
106

S&P Global Platts 4
229

 
812

 
248

 
93

Intersegment elimination 5
(25
)
 
—

 
(23
)
 
—

Total operating segments
1,439

 
1,377

 
1,324

 
446

Unallocated expense
—

 
(29
)
 
—

 
(36
)
Total
$
1,439

 
$
1,348

 
$
1,324

 
$
410


Nine Months
2016
 
2015
(in millions)
Revenue
 
Operating Profit
 
Revenue
 
Operating Profit
S&P Global Ratings 1
$
1,877

 
$
1,004

 
$
1,851

 
$
846

S&P Global Market Intelligence 2
1,252

 
285

 
1,000

 
178

S&P DJ Indices 3
468

 
308

 
446

 
297

S&P Global Platts 4
738

 
1,008

 
707

 
265

Intersegment elimination 5
(73
)
 
—

 
(66
)
 
—

Total operating segments
4,262

 
2,605

 
3,938

 
1,586

Unallocated expense 6
—

 
(93
)
 
—

 
(93
)
Total
$
4,262

 
$
2,512

 
$
3,938

 
$
1,493


1 
Operating profit for the three and nine months ended September 30, 2016 primarily includes a benefit related to net legal settlement insurance recoveries of $17 million and $63 million, respectively. 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. Additionally, the nine months ended September 30, 2016 and 2015 include restructuring charges of $6 million and $8 million, respectively. Operating profit also includes amortization of intangibles from acquisitions of $1 million for the three months ended September 30, 2016 and 2015 and $4 million for the nine months ended September 30, 2016 and 2015.
2 
Operating profit for the three and nine months ended September 30, 2016 includes disposition-related costs of $5 million and $12 million, respectively, and an acquisition-related cost of $1 million. Operating profit for the nine months ended September 30, 2016 includes a technology related impairment charge of $24 million. Operating profit for the three and nine months ended September 30, 2015 include acquisition-related costs related to the acquisition of SNL of $32 million, and the nine months ended September 30, 2015 include restructuring charges of $12 million. Operating profit also includes amortization of intangibles from acquisitions of $18 million and $54 million for the three and nine months ended September 30, 2016, respectively, and $10 million and $21 million for the three and nine months ended September 30, 2015, respectively.
3 
Operating profit includes amortization of intangibles from acquisitions of $1 million for the three months ended September 30, 2016 and 2015 and $4 million for the nine months ended September 30, 2016 and 2015.
4 
As of September 7, 2016, we completed the sale of J.D. Power and the results are included in S&P Global Platts results through that date. Operating profit for the three and nine months ended September 30, 2016 includes a gain on the sale of J.D. Power of $722 million. Additionally, disposition-related costs of $1 million and $5 million are included for the three and nine months ended September 30, 2016, respectively. Operating profit for the nine months ended September 31, 2015 includes restructuring charges of $1 million. Operating profit also includes amortization of intangibles from acquisitions of $3 million and $9 million for the three and nine months ended September 30, 2016, respectively, and $5 million and $11 million for the three and nine months ended September 30, 2015, respectively.
5 
Revenue for S&P Global Ratings and expenses for S&P Global Market Intelligence include an intersegment royalty charged to S&P Global Market Intelligence for the rights to use and distribute content and data developed by S&P Global Ratings.
6 
The nine months ended September 30, 2016 include $3 million from a disposition-related reserve release. 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. Additionally, restructuring charges are included for the nine months ended September 30, 2015.
Revenue by geographic region
The following provides revenue by geographic region for the periods ended September 30:
(in millions)
Three Months
 
Nine Months
 
2016
 
2015
 
2016
 
2015
U.S.
$
885

 
$
810

 
$
2,635

 
$
2,385

European region
335

 
311

 
971

 
927

Asia
145

 
137

 
438

 
416

Rest of the world
74

 
66

 
218

 
210

Total
$
1,439

 
$
1,324

 
$
4,262

 
$
3,938