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Segment and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Information
A summary of operating results for the years ended December 31 is as follows:
Revenue
 
(in millions)
2018
2017
2016
Ratings 
$
2,883

 
$
2,988

 
$
2,535

Market Intelligence 
1,833

 
1,683

 
1,661

Platts
815

 
774

 
925

Indices
837

 
728

 
638

Corporate
15

 
—

 
—

Intersegment elimination 1
(125
)
 
(110
)
 
(98
)
Total revenue
$
6,258

 
$
6,063

 
$
5,661

 
 
 
 
 
 
Operating Profit
 
(in millions)
2018
2017
2016
Ratings 2
$
1,530

 
$
1,517

 
$
1,256

Market Intelligence 3
545

 
457

 
729

Platts 4
383

 
326

 
1,090

Indices 5
563

 
478

 
413

Total reportable segments
3,021

 
2,778

 
3,488

Corporate Unallocated 6
(231
)
 
(195
)
 
(147
)
Total operating profit
$
2,790

 
$
2,583

 
$
3,341


1 
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.
2 
Operating profit for the year ended December 31, 2018 includes legal settlement expenses of $74 million and employee severance charges of $8 million. 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. Additionally, operating profit includes amortization of intangibles from acquisitions of $2 million, $4 million $5 million for the years ended December 31, 2018, 2017 and 2016, respectively.
3 
Operating profit for the year ended December 31, 2018 includes restructuring charges related to a business disposition and employee severance charges of $7 million. Operating profit for the year ended December 31, 2017 includes employee severance charges of $7 million, and non-cash disposition-related adjustments of $4 million. Operating profit for the year ended December 31, 2016 includes a $373 million gain from our dispositions, disposition-related costs of $43 million, a technology-related impairment charge of $24 million and an acquisition-related cost of $1 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $73 million, $71 million and $72 million for the years ended December 31, 2018, 2017 and 2016, respectively.
4 
Operating profit for the year ended December 31, 2017 includes non-cash acquisition-related adjustment of $11 million, a charge to exit a leased facility of $6 million, an asset write-off of $2 million, and employee severance charges of $2 million. Operating profit for the year ended December 31, 2016 includes a $728 million gain from our dispositions and disposition-related costs of $5 million. Additionally, Operating profit includes amortization of intangibles from acquisitions of $18 million for the years ended December 31, 2018 and 2017 and $14 million for the year ended December 31, 2016.
5 
Operating profit includes amortization of intangibles from acquisitions of $6 million for the years ended December 31, 2018, 2017 and 2016, respectively.
6 
Corporate Unallocated operating loss for the year ended December 31, 2018 includes Kensho retention related expense of $31 million, lease impairments of $11 million and employee severance charges of $10 million. Corporate Unallocated operating loss for the year ended December 31, 2017 includes a charge to exit leased facilities of $19 million and employee severance charges of $10 million. The year ended December 31, 2016 includes $3 million from a disposition-related reserve release. Additionally, Corporate Unallocated operating loss includes amortization of intangibles from acquisitions of $23 million for the year December 31, 2018.
(in millions)
Depreciation & Amortization
 
Capital Expenditures
 
2018
2017
2016
 
2018
2017
2016
Ratings
$
32

 
$
34

 
$
34

 
$
42

 
$
45

 
$
42

Market Intelligence
99

 
104

 
105

 
30

 
37

 
40

Platts
27

 
25

 
26

 
9

 
15

 
17

Indices
9

 
8

 
8

 
3

 
3

 
3

Total reportable segments
167

 
171

 
173

 
84

 
100

 
102

Corporate
39

 
9

 
8

 
29

 
23

 
13

Total
$
206

 
$
180

 
$
181

 
$
113

 
$
123

 
$
115


Segment information as of December 31 is as follows:
(in millions)
Total Assets
 
2018
 
2017
Ratings
$
680

 
$
788

Market Intelligence
3,606

 
3,381

Platts
787

 
791

Indices
1,443

 
1,270

Total reportable segments
6,516

 
6,230

Corporate 1
2,928

 
3,190

Assets held for sale 2
14

 
5

Total
$
9,458

 
$
9,425

1 
Corporate assets consist principally of cash and cash equivalents, goodwill and other intangible assets, assets for pension benefits, deferred income taxes and leasehold improvements related to subleased areas.
2 
Includes East Windsor and New Jersey facility as of December 31, 2018 and 2017, 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,
 
2018
 
2017
 
2016
 
2018
 
2017
U.S.
$
3,750

 
$
3,658

 
$
3,461

 
$
5,019

 
$
4,285

European region
1,543

 
1,473

 
1,330

 
317

 
346

Asia
647

 
594

 
575

 
51

 
54

Rest of the world
318

 
338

 
295

 
42

 
49

Total
$
6,258

 
$
6,063

 
$
5,661

 
$
5,429

 
$
4,734


 
Revenue
 
Long-lived Assets
 
Year ended December 31,
 
December 31,
 
2018
 
2017
 
2016
 
2018
 
2017
U.S.
60
%
 
60
%
 
61
%
 
92
%
 
91
%
European region
25

 
24

 
24

 
6

 
7

Asia
10

 
10

 
10

 
1

 
1

Rest of the world
5

 
6

 
5

 
1

 
1

Total
100
%
 
100
%
 
100
%
 
100
%
 
100
%