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Segment and Related Information (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Operating Results by Segment
A summary of operating results for the three months ended March 31 is as follows: 

Revenue
(in millions)20202019
Ratings $825  $696  
Market Intelligence 519  482  
Platts 215  207  
Indices 259  217  
Intersegment elimination 1
(32) (31) 
Total revenue$1,786  $1,571  
Operating Profit
(in millions)20202019
Ratings 2
$520  $368  
Market Intelligence 3
147  134  
Platts 4
112  99  
Indices 5
182  150  
Total reportable segments961  751  
Corporate Unallocated Expense6
(49) (46) 
Total operating profit$912  $705  

1Revenue 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 2019 includes amortization of intangibles from acquisitions of $1 million.
3 Operating profit for 2020 includes a gain on disposition of $7 million and employee severance charges of $2 million. Additionally, operating profit for 2020 and 2019 includes amortization of intangibles from acquisitions of $19 million and $18 million, respectively.
4 Operating profit for 2020 and 2019 includes amortization of intangibles from acquisitions of $2 million and $3 million, respectively.
5 Operating profit for both 2020 and 2019 include amortization of intangibles from acquisitions of $1 million.
6 Operating profit for 2020 includes employee severance charges of $7 million and Kensho retention related expense of $5 million. 2019 includes Kensho retention related expense of $7 million. Operating profit for 2020 and 2019 also includes and amortization of intangibles from acquisitions of $7 million and $8 million, respectively.
Schedule of Revenue Disaggregated by Type
The following table presents our revenue disaggregated by revenue type for the three months ended March 31:

(in millions)RatingsMarket IntelligencePlattsIndices
Intersegment Elimination 1
Total
2020
Subscription$—  $505  $197  $46  $—  $748  
Non-subscription / Transaction432  13  1  —  —  446  
Non-transaction393  —  —  —  (32) 361  
Asset-linked fees—  1  —  159  —  160  
Sales usage-based royalties—  —  17  54  —  71  
Total revenue$825  $519  $215  $259  $(32) $1,786  
Timing of revenue recognition
Services transferred at a point in time
$432  $13  $1  $—  $—  $446  
Services transferred over time
393  506  214  259  (32) 1,340  
Total revenue$825  $519  $215  $259  $(32) $1,786  
(in millions)RatingsMarket IntelligencePlattsIndices
Intersegment Elimination 1
Total
2019 2
Subscription$—  $467  $191  $40  $—  $698  
Non-subscription / Transaction324  10  2  —  —  336  
Non-transaction372  —  —  —  (31) 341  
Asset-linked fees—  5  —  143  —  148  
Sales usage-based royalties—  —  14  34  —  48  
Total revenue$696  $482  $207  $217  $(31) $1,571  
Timing of revenue recognition
Services transferred at a point in time$324  $10  $2  $—  $—  $336  
Services transferred over time372  472  205  217  (31) 1,235  
Total revenue$696  $482  $207  $217  $(31) $1,571  
1 Intersegment eliminations primarily consists of a royalty charged to Market Intelligence for the rights to use and distribute content and data developed by Ratings.
2 In the third quarter of 2019, we reevaluated our transaction and non-transaction presentation which resulted in a reclassification from transaction revenue to non-transaction revenue of $7 million for the first quarter of 2019.
Schedule of Revenue by Geographic Region
The following provides revenue by geographic region for the three months ended March 31:
(in millions)20202019
U.S.$1,108  $943  
European region405  373  
Asia184  169  
Rest of the world89  86  
Total$1,786  $1,571