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Segment and Related Information
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Segment and Related Information
Segment and Related Information

We have four reportable segments: Ratings, Market Intelligence, Platts 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.

Effective beginning with the first quarter of 2018, we began reporting the financial results of Market Intelligence and Platts as separate reportable segments consistent with the changes to our organizational structure and how our Chief Executive Officer evaluates the performance of these segments. Our historical segment reporting has been retroactively revised to reflect the current organizational structure.

A summary of operating results by reportable segment for the three months ended March 31 is as follows: 
 
2018
 
2017
(in millions)
Revenue
 
Operating Profit
 
Revenue
 
Operating Profit
Ratings 1
$
748

 
$
408

 
$
714

 
$
374

Market Intelligence 2
437

 
112

 
402

 
104

Platts 3
196

 
90

 
191

 
82

Indices 4
214

 
147

 
171

 
115

Intersegment elimination 5
(28
)
 
—

 
(25
)
 
—

Total operating segments
1,567

 
757

 
1,453

 
675

Unallocated expense
—

 
(46
)
 
—

 
(36
)
Total
$
1,567

 
$
711

 
$
1,453

 
$
639


1 
Operating profit for 2017 includes legal settlement expenses of $2 million and amortization of intangibles from acquisitions of $1 million.
2 
Operating profit for 2018 and 2017 includes amortization of intangibles from acquisitions of $17 million. Operating profit for 2017 includes non-cash disposition-related adjustments of $4 million.
3 
Operating profit for 2018 and 2017 includes amortization of intangibles from acquisitions of $5 million. Operating profit for 2017 includes non-cash acquisition-related adjustments of $11 million.
4 
Operating profit for 2018 and 2017 includes amortization of intangibles from acquisitions of $2 million and $1 million, respectively.
5 
Revenue for Ratings and expenses for Market Intelligence include an intersegment royalty charged to Market 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)
2018
 
2017
U.S.
$
951

 
$
891

European region
381

 
346

Asia
156

 
132

Rest of the world
79

 
84

Total
$
1,567

 
$
1,453



See Note 2 — Acquisitions and Divestitures and Note 10 — Restructuring for additional actions that impacted the segment operating results.