SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting Information [Line Items]

The table below shows revenue, operating income and Adjusted Operating Income by reportable segment. Adjusted Operating Income is a financial metric utilized by the Company’s chief operating decision maker to assess the profitability of each reportable segment. Refer to Note 3 for further details on the components of the Company’s revenue.



	Three Months Ended September 30,
	2020								2019
	MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue	$	863	$	532	$	(39)	$	1,356	$	781	$	496	$	(37)	$	1,240
Total Expense	339		414		(39)		714		340		388		(37)		691
Operating income	524		118		—		642		441		108		—		549
Add:
Restructuring	13		10		—		23		—		(1)		—		(1)
Depreciation and amortization	17		39		—		56		18		30		—		48

Loss pursuant to the divestiture of MAKS	—		—		—		—		—		2		—		2
Captive insurance company settlement	—		—		—		—		10		6		—		16
Adjusted Operating Income	$	554	$	167	$	—	$	721	$	469	$	145	$	—	$	614


	Nine Months Ended September 30,
	2020								2019
	MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue	$	2,667	$	1,529	$	(115)	$	4,081	$	2,255	$	1,448	$	(107)	$	3,596
Total Expenses	1,051		1,201		(115)		2,137		1,028		1,181		(107)		2,102
Operating income	1,616		328		—		1,944		1,227		267		—		1,494
Add:
Restructuring	12		8		—		20		29		29		—		58
Depreciation and amortization	52		111		—		163		53		97		—		150
Acquisition-Related Expenses	—		—		—		—		—		3		—		3
Loss pursuant to the divestiture of MAKS	—		9		—		9		—		11		—		11
Captive insurance company settlement	—		—		—		—		10		6		—		16
Adjusted Operating Income	$	1,680	$	456	$	—	$	2,136	$	1,319	$	413	$	—	$	1,732

Company's Reportable Segment Revenues Disaggregated by Segment and Geographic Region

The following table presents the Company’s reportable segment revenues disaggregated by segment and geographic region:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
MIS:
U.S.	$	506	$	454	$	1,625	$	1,301
Non-U.S.:
EMEA	188		175		542		502
Asia-Pacific	99		78		270		241
Americas	32		39		120		111
Total Non-U.S.	319		292		932		854
Total MIS	825		746		2,557		2,155
MA:
U.S.	223		206		655		609
Non-U.S.:
EMEA	213		187		595		555
Asia-Pacific	57		64		166		174
Americas	38		37		108		103
Total Non-U.S.	308		288		869		832
Total MA	531		494		1,524		1,441
Total MCO	$	1,356	$	1,240	$	4,081	$	3,596

Operating Segments

Segment Reporting Information [Line Items]

Company's Reportable Segment Revenues Disaggregated by Segment and Geographic Region


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
United States	$	729	$	660	$	2,280	$	1,910
Non-U.S.:
EMEA	401		362		1,137		1,057
Asia-Pacific	156		142		436		415
Americas	70		76		228		214
Total Non-U.S.	627		580		1,801		1,686
Total	$	1,356	$	1,240	$	4,081	$	3,596