Acquisitions and Divestitures (Tables)

3 Months Ended

Mar. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

(in millions)	February 28, 2022
Assets acquired
Cash and cash equivalents	$	310
Accounts receivable, net	968
Prepaid and other current assets	224
Assets of a business held for sale	1,519
Property and equipment	118
Right of use assets	240
Goodwill	31,456
Other intangible assets	18,620
Equity investments in unconsolidated subsidiaries	1,644
Other non-current assets	54
Total assets acquired	$	55,153
Liabilities assumed
Account payable	$	174
Accrued compensation	90
Short-term debt	968
Unearned revenue	1,053
Other current liabilities	581
Liabilities of a business held for sale	72
Long-term debt	4,191
Lease liabilities - non-current	231
Deferred tax liability - non-current	4,200
Other non-current liabilities	57
Total liabilities assumed	$	11,617
Total consideration transferred	$	43,536

Schedule of Finite-Lived Intangible Assets

The following table sets forth the fair values of the components of the identifiable intangible assets acquired and their useful lives:

(in millions)	Fair Value		Weighted Average Useful Lives
Customer relationships	$	13,596	25 years
Trade names and trademarks	1,469		14 years
Developed technology	1,043		10 years
Databases	2,512		12 years
Total Identified Intangible Assets	$	18,620	21 years

Schedule of Key Components of Assets and Liabilities Held for Sale

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

(in millions)	March 31,		December 31,
	2023 1		2022 1
Accounts Receivable, net	$	91	$	88
Goodwill	437		437
Other intangible assets, net	696		697
Other assets	89		76
Assets of a business held for sale	$	1,313	$	1,298
Accounts payable and accrued expenses	$	55	$	59
Deferred tax liability	26		27
Unearned revenue	171		148
Liabilities of a business held for sale	$	252	$	234

1 Assets and liabilities held for sale as of March 31, 2023 and December 31, 2022 relate to Engineering Solutions.

The operating profit of our businesses that were disposed of or classified as held for sale for the three months ended March 31 is as follows:

(in millions)	2023		2022
Operating profit 2	$	14	$	35

2 The operating profit presented includes the revenue and recurring direct expenses associated with businesses disposed of or held for sale. The three months ended March 31, 2023 excludes a pre-tax gain related to the sale of LCD and leveraged loan indices of $50 million. The three months ended March 31, 2022 exclude a pre-tax gain related to the sale of CGS of $1.3 billion.