Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Preliminary Purchase Price Allocation

The following table presents the final allocation of purchase price to the assets and liabilities of SNL as a result of the acquisition.

(in millions)
Current assets	$	29
Property, plant and equipment	19
Goodwill	1,574
Other intangible assets, net:
Databases and software	421
Customer relationships	162
Tradenames	185
Other intangibles	4
Other intangible assets, net	772
Other non-current assets	1
Total assets acquired	2,395
Current liabilities	(43		)
Unearned revenue	(117		)
Other non-current liabilities	(1		)
Total liabilities acquired	(161		)
Net assets acquired	$	2,234

Schedule of Supplemental Information on an Unaudited Pro Forma Basis

Supplemental information on an unaudited pro forma basis is presented below for the year ended December 31, 2015 as if the acquisition of SNL occurred on January 1, 2015. The pro forma financial information is presented for comparative purposes only, based on estimates and assumptions, which the Company believes to be reasonable but not necessarily indicative of the consolidated financial position or results of operations in future periods or the results that actually would have been realized had this acquisition been completed at the beginning of 2015. The unaudited pro forma information includes intangible asset charges and incremental borrowing costs as a result of the acquisition, net of related tax, estimated using the Company's effective tax rate for continuing operations for the periods presented.

(in millions)	Year Ended
	December 31, 2015
Pro forma revenue	$	5,477
Pro forma net income	$	1,258

Schedule of Liabilities Assumed in Conjunction with Acquisition of Businesses

Liabilities assumed in conjunction with our acquisitions are as follows:

(in millions)	Year ended December 31,
	2017		2016		2015
Fair value of assets acquired	$	83	$	253	$	2,576
Cash paid (net of cash acquired)	83		211		2,401
Liabilities assumed	$	—	$	42	$	175

Schedule of Key Components of Disposal Groups

The operating profit of our businesses that were disposed of or held for sale for the years ending December 31, 2017, 2016, and 2015 is as follows:

(in millions)	Year ended December 31,
	2017		2016		2015
Operating profit 1	$	—	$	62	$	85

¹ The year ended December 31, 2016 excludes a pre-tax gain of $1.1 billion on our dispositions.

The components of assets and liabilities held for sale related to QuantHouse, which were included in prepaid and other current assets and other current liabilities in the consolidated balance sheet, consist of the following:

(in millions)	December 31, 2016
Accounts receivable, net	$	4
Other assets	3
Assets of a business held for sale	$	7
Accounts payable and accrued expenses	$	3
Unearned revenue	7
Other liabilities	35
Liabilities of a business held for sale	$	45