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Segment and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment information for the years ended December 31 is as follows:
(in millions)
Revenue
 
Operating Profit
 
2017
2016
2015
 
2017
2016
2015
Ratings 1
$
2,988

 
$
2,535

 
$
2,428

 
$
1,524

 
$
1,262

 
$
1,078

Market and Commodities Intelligence 2
2,452

 
2,585

 
2,376

 
793

 
1,822

 
585

Indices 3
733

 
639

 
597

 
471

 
412

 
392

Intersegment elimination 4
(110
)
 
(98
)
 
(88
)
 
—

 
—

 
—

Total operating segments
6,063

 
5,661

 
5,313

 
2,788

 
3,496

 
2,055

Unallocated expense 5
—

 
—

 
—

 
(178
)
 
(127
)
 
(138
)
Total
$
6,063

 
$
5,661

 
$
5,313

 
$
2,610

 
$
3,369

 
$
1,917

1 
Operating profit for the year ended December 31, 2017 includes legal settlement expenses of $55 million and employee severance charges of $25 million. Operating profit for the year ended December 31, 2016 primarily includes a benefit related to net legal settlement insurance recoveries of $10 million and employee severance charges of $6 million. Operating profit for the year ended December 31, 2015 includes net legal settlement expenses of $54 million and employee severance charges of $13 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $4 million for the year ended December 31, 2017 and $5 million for the years ended December 31, 2016 and 2015.
2 
Operating profit for the year ended December 31, 2017 includes non-cash acquisition and disposition-related adjustments of $15 million, employee severance charges of $9 million, a charge to exit a leased facility of $6 million, and an asset-write off of $2 million. Operating profit for the year ended December 31, 2016 includes a $1.1 billion gain from our dispositions, disposition-related costs of $48 million, a technology-related impairment charge of $24 million and an acquisition-related cost of $1 million. Operating profit for the year ended December 31, 2015 includes acquisition-related costs related to the acquisition of SNL of $37 million and costs related to identified operating efficiencies primarily related to employee severance charges of $33 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $87 million, $85 million and $57 million for the years ended December 31, 2017, 2016 and 2015, respectively.
3 
Operating profit includes amortization of intangibles from acquisitions of $7 million, $6 million and $5 million for the years ended December 31, 2017, 2016 and 2015, respectively.
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.
5 
The year ended December 31, 2017 includes a charge to exit leased facilities of $19 million, employee severance charges of $10 million and a pension related charge of $8 million. The year ended December 31, 2016 includes $3 million from a disposition-related reserve release. 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 employee severance charges of $10 million.
(in millions)
Depreciation & Amortization
 
Capital Expenditures
 
2017
2016
2015
 
2017
2016
2015
Ratings
$
34

 
$
34

 
$
43

 
$
45

 
$
42

 
$
48

Market and Commodities Intelligence
128

 
131

 
99

 
52

 
57

 
78

Indices
9

 
8

 
8

 
3

 
3

 
4

Total operating segments
171

 
173

 
150

 
100

 
102

 
130

Corporate
9

 
8

 
7

 
23

 
13

 
9

Total
$
180

 
$
181

 
$
157

 
$
123

 
$
115

 
$
139


Segment information as of December 31 is as follows:
(in millions)
Total Assets
 
2017
 
2016
Ratings
$
788

 
$
612

Market and Commodities Intelligence
4,172

 
4,104

Indices
1,270

 
1,247

Total operating segments
6,230

 
5,963

Corporate 1
3,190

 
2,699

Assets held for sale 2
5

 
7

Total
$
9,425

 
$
8,669

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 East Windsor, New Jersey facility and QuantHouse as of December 31, 2017 and 2016, respectively.
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
 
Year ended December 31,
 
December 31,
 
2017
 
2016
 
2015
 
2017
 
2016
U.S.
$
3,658

 
$
3,461

 
$
3,202

 
$
4,285

 
$
4,335

European region
1,473

 
1,330

 
1,265

 
346

 
341

Asia
594

 
575

 
566

 
54

 
58

Rest of the world
338

 
295

 
280

 
49

 
46

Total
$
6,063

 
$
5,661

 
$
5,313

 
$
4,734

 
$
4,780


 
Revenue
 
Long-lived Assets
 
Year ended December 31,
 
December 31,
 
2017
 
2016
 
2015
 
2017
 
2016
U.S.
60
%
 
61
%
 
60
%
 
91
%
 
91
%
European region
24

 
24

 
24

 
7

 
7

Asia
10

 
10

 
11

 
1

 
1

Rest of the world
6

 
5

 
5

 
1

 
1

Total
100
%
 
100
%
 
100
%
 
100
%
 
100
%