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Segment and Related Information
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment and Related Information
Segment and Related Information

We have three reportable segments: Ratings, Market and Commodities Intelligence and Indices. 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 three months ended March 31 is as follows: 
 
2017
 
2016
(in millions)
Revenue
 
Operating Profit
 
Revenue
 
Operating Profit
Ratings 1
$
714

 
$
376

 
$
552

 
$
262

Market and Commodities Intelligence 2
593

 
186

 
661

 
183

Indices 3
171

 
115

 
151

 
101

Intersegment elimination 4
(25
)
 
—

 
(23
)
 
—

Total operating segments
1,453

 
677

 
1,341

 
546

Unallocated expense
—

 
(29
)
 
—

 
(34
)
Total
$
1,453

 
$
648

 
$
1,341

 
$
512


1 
Operating profit for 2017 includes legal settlement expenses of $2 million. Operating profit for 2016 includes a benefit related to net legal settlement insurance recoveries of $12 million. Operating profit for 2017 and 2016 also includes amortization of intangibles from acquisitions of $1 million.
2 
Operating profit for 2017 includes non-cash acquisition and disposition-related adjustments of $15 million. Operating profit for 2016 includes a technology-related impairment charge of $24 million and disposition-related costs of $3 million. Operating profit for 2017 and 2016 also includes amortization of intangibles from acquisitions of $22 million.
3 
Operating profit for 2017 and 2016 includes amortization of intangibles from acquisitions of $1 million.
4 
Revenue for Ratings and expenses for Market and Commodities Intelligence include an intersegment royalty charged to Market and Commodities Intelligence for the rights to use and distribute content and data developed by Ratings.

The following provides revenue by geographic region for the three months ended March 31:
(in millions)
2017
 
2016
U.S.
$
891

 
$
840

European region
346

 
297

Asia
132

 
137

Rest of the world
84

 
67

Total
$
1,453

 
$
1,341



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