XML 80 R61.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidating Financial Statements - Statement of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities:    
Net income $ 534 $ 430
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 21 19
Amortization of intangibles 24 24
Provision for losses on accounts receivable 8 5
Stock-based compensation 13 19
Other 16 13
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable 7 12
Prepaid and other current assets (21) 9
Accounts payable and accrued expenses (289) (235)
Unearned revenue 27 (6)
Accrued legal settlements (29) (1)
Other current liabilities 19 (58)
Net change in prepaid/accrued income taxes 74 146
Net change in other assets and liabilities (44) (24)
Cash provided by operating activities 360 353
Investing Activities:    
Capital expenditures (33) (23)
Acquisitions, net of cash acquired (57) (1)
Changes in short-term investments 3 0
Proceeds from dispositions 0 2
Cash used for investing activities (87) (22)
Financing Activities:    
Dividends paid to shareholders (127) (106)
Distributions to noncontrolling interest holders (50) (24)
Repurchase of treasury shares (1,100) (201)
Exercise of stock options 10 29
Employee withholding tax on share-based payments (49) (44)
Intercompany financing activities 0 0
Cash used for financing activities (1,316) (346)
Effect of exchange rate changes on cash from continuing operations 20 34
Net change in cash and cash equivalents (1,023) 19
Cash and cash equivalents at beginning of period 2,779 2,392
Cash and cash equivalents at end of period 1,756 2,411
Eliminations    
Operating Activities:    
Net income (2,528) (2,062)
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 0 0
Amortization of intangibles 0 0
Provision for losses on accounts receivable 0 0
Stock-based compensation 0 0
Other 0 0
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable 0 0
Prepaid and other current assets 0 0
Accounts payable and accrued expenses 0 0
Unearned revenue 0 0
Accrued legal settlements 0 0
Other current liabilities 0 0
Net change in prepaid/accrued income taxes 0 0
Net change in other assets and liabilities 0 0
Cash provided by operating activities (2,528) (2,062)
Investing Activities:    
Capital expenditures 0 0
Acquisitions, net of cash acquired 0 0
Changes in short-term investments 0  
Proceeds from dispositions   0
Cash used for investing activities 0 0
Financing Activities:    
Dividends paid to shareholders 0 0
Distributions to noncontrolling interest holders 0 0
Repurchase of treasury shares 0 0
Exercise of stock options 0 0
Employee withholding tax on share-based payments 0 0
Intercompany financing activities 2,528 2,062
Cash used for financing activities 2,528 2,062
Effect of exchange rate changes on cash from continuing operations 0 0
Net change in cash and cash equivalents 0 0
Cash and cash equivalents at beginning of period 0 0
Cash and cash equivalents at end of period 0 0
S&P Global Inc.    
Investing Activities:    
Changes in short-term investments 0  
S&P Global Inc. | Reportable Legal Entities    
Operating Activities:    
Net income 1,507 1,236
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 8 7
Amortization of intangibles 0 0
Provision for losses on accounts receivable 0 1
Stock-based compensation 5 7
Other (71) 5
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable 5 8
Prepaid and other current assets (18) 8
Accounts payable and accrued expenses (60) (61)
Unearned revenue (4) 5
Accrued legal settlements (29) 0
Other current liabilities 22 (35)
Net change in prepaid/accrued income taxes 73 123
Net change in other assets and liabilities (37) (6)
Cash provided by operating activities 1,401 1,298
Investing Activities:    
Capital expenditures (23) (4)
Acquisitions, net of cash acquired 0 0
Proceeds from dispositions   0
Cash used for investing activities (23) (4)
Financing Activities:    
Dividends paid to shareholders (127) (106)
Distributions to noncontrolling interest holders 0 0
Repurchase of treasury shares (1,100) (201)
Exercise of stock options 10 29
Employee withholding tax on share-based payments (49) (44)
Intercompany financing activities (158) (1,056)
Cash used for financing activities (1,424) (1,378)
Effect of exchange rate changes on cash from continuing operations (5) 0
Net change in cash and cash equivalents (51) (84)
Cash and cash equivalents at beginning of period 632 711
Cash and cash equivalents at end of period 581 627
Standard & Poor's Financial Services LLC    
Investing Activities:    
Changes in short-term investments 0  
Standard & Poor's Financial Services LLC | Reportable Legal Entities    
Operating Activities:    
Net income 177 148
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 2 3
Amortization of intangibles 0 0
Provision for losses on accounts receivable 2 1
Stock-based compensation 3 4
Other 0 0
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable (27) (59)
Prepaid and other current assets 1 3
Accounts payable and accrued expenses (79) 12
Unearned revenue 28 25
Accrued legal settlements 0 (1)
Other current liabilities (2) (3)
Net change in prepaid/accrued income taxes 1 0
Net change in other assets and liabilities 0 (4)
Cash provided by operating activities 106 129
Investing Activities:    
Capital expenditures (6) (4)
Acquisitions, net of cash acquired 0 0
Proceeds from dispositions   0
Cash used for investing activities (6) (4)
Financing Activities:    
Dividends paid to shareholders 0 0
Distributions to noncontrolling interest holders 0 0
Repurchase of treasury shares 0 0
Exercise of stock options 0 0
Employee withholding tax on share-based payments 0 0
Intercompany financing activities (100) (125)
Cash used for financing activities (100) (125)
Effect of exchange rate changes on cash from continuing operations 0 0
Net change in cash and cash equivalents 0 0
Cash and cash equivalents at beginning of period 0 0
Cash and cash equivalents at end of period 0 0
Non-Guarantor Subsidiaries    
Investing Activities:    
Changes in short-term investments 3  
Non-Guarantor Subsidiaries | Reportable Legal Entities    
Operating Activities:    
Net income 1,378 1,108
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 11 9
Amortization of intangibles 24 24
Provision for losses on accounts receivable 6 3
Stock-based compensation 5 8
Other 87 8
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable 29 63
Prepaid and other current assets (4) (2)
Accounts payable and accrued expenses (150) (186)
Unearned revenue 3 (36)
Accrued legal settlements 0 0
Other current liabilities (1) (20)
Net change in prepaid/accrued income taxes 0 23
Net change in other assets and liabilities (7) (14)
Cash provided by operating activities 1,381 988
Investing Activities:    
Capital expenditures (4) (15)
Acquisitions, net of cash acquired (57) (1)
Proceeds from dispositions   2
Cash used for investing activities (58) (14)
Financing Activities:    
Dividends paid to shareholders 0 0
Distributions to noncontrolling interest holders (50) (24)
Repurchase of treasury shares 0 0
Exercise of stock options 0
Employee withholding tax on share-based payments 0 0
Intercompany financing activities (2,270) (881)
Cash used for financing activities (2,320) (905)
Effect of exchange rate changes on cash from continuing operations 25 34
Net change in cash and cash equivalents (972) 103
Cash and cash equivalents at beginning of period 2,147 1,681
Cash and cash equivalents at end of period $ 1,175 $ 1,784