SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30,
	2021								2020
	MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue	$	1,022	$	575	$	(44)	$	1,553	$	973	$	499	$	(37)	$	1,435
Total Expenses	362		434		(44)		752		369		393		(37)		725
Operating income	660		141		—		801		604		106		—		710
Add:
Depreciation and amortization	18		42		—		60		19		39		—		58

Restructuring	—		—		—		—		—		(2)		—		(2)


Adjusted Operating Income	$	678	$	183	$	—	$	861	$	623	$	143	$	—	$	766


	Six Months Ended June 30,
	2021								2020
	MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue	$	2,098	$	1,141	$	(86)	$	3,153	$	1,804	$	997	$	(76)	$	2,725
Total Expenses	728		857		(86)		1,499		712		787		(76)		1,423
Operating income	1,370		284		—		1,654		1,092		210		—		1,302
Add:
Depreciation and amortization	36		83		—		119		35		72		—		107

Restructuring	—		2		—		2		(1)		(2)		—		(3)
Loss pursuant to the divestiture of MAKS	—		—		—		—		—		9		—		9

Adjusted Operating Income	$	1,406	$	369	$	—	$	1,775	$	1,126	$	289	$	—	$	1,415

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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
MIS:
U.S.	$	582	$	616	$	1,229	$	1,119
Non-U.S.:
EMEA	248		183		496		354
Asia-Pacific	100		90		197		171
Americas	50		49		94		88
Total Non-U.S.	398		322		787		613
Total MIS	980		938		2,016		1,732
MA:
U.S.	249		221		487		432
Non-U.S.:
EMEA	233		190		463		382
Asia-Pacific	55		54		114		109
Americas	36		32		73		70
Total Non-U.S.	324		276		650		561
Total MA	573		497		1,137		993
Total MCO	$	1,553	$	1,435	$	3,153	$	2,725

Operating Segments

Segment Reporting Information [Line Items]

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
United States	$	831	$	837	$	1,716	$	1,551
Non-U.S.:
EMEA	481		373		959		736
Asia-Pacific	155		144		311		280
Americas	86		81		167		158
Total Non-U.S.	722		598		1,437		1,174
Total	$	1,553	$	1,435	$	3,153	$	2,725