Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Liabilities Assumed In Conjunction With Acquisitions Businesses

Liabilities assumed in conjunction with our acquisitions are as follows:

(in millions)	Year ended December 31,
	2021		2020		2019
Fair value of assets acquired	$	110	$	219	$	110
Cash paid (net of cash acquired)	99		201		91
Liabilities assumed	$	11	$	18	$	19

Schedule of Key Components of Assets and Liabilities Held for Sale

The components of assets and liabilities held for sale in the consolidated balance sheet consist of the following:

(in millions)	December 31,
	2021 1
Accounts Receivable, net	$	59
Goodwill	255
Other assets	7
Assets of businesses held for sale	$	321
Accounts payable and accrued expenses	$	11
Unearned revenue	138
Liabilities of businesses held for sale	$	149

1 Assets and liabilities held for sale as of December 31, 2021 relate to CGS and LCD.

The operating profit of our businesses that were held for sale or disposed of for the years ending December 31, 2021, 2020, and 2019 is as follows:

(in millions)	Year ended December 31,
	2021		2020		2019
Operating profit 1	$	172	$	162	$	162

1 The operating profit presented includes the revenue and recurring direct expenses associated with businesses held for sale. The year ended December 31, 2021 excludes a pre-tax gain on the sale of SPIAS of $3 million. The year ended December 31, 2020 excludes a pre-tax gain on the sale of the IR webhosting business of $11 million. The year ended December 31, 2019 excludes a pre-tax gain on the sale of RigData and SPIAS of $27 million and $22 million, respectively.