SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 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 September 30,
	2021								2020
	MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue	$	967	$	603	$	(44)	$	1,526	$	863	$	532	$	(39)	$	1,356
Total Expenses	404		490		(44)		850		339		414		(39)		714
Operating income	563		113		—		676		524		118		—		642
Add:
Depreciation and amortization	17		44		—		61		17		39		—		56

Restructuring	—		—		—		—		13		10		—		23


Adjusted Operating Income	$	580	$	157	$	—	$	737	$	554	$	167	$	—	$	721


	Nine Months Ended September 30,
	2021								2020
	MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue	$	3,065	$	1,744	$	(130)	$	4,679	$	2,667	$	1,529	$	(115)	$	4,081
Total Expenses	1,132		1,347		(130)		2,349		1,051		1,201		(115)		2,137
Operating income	1,933		397		—		2,330		1,616		328		—		1,944
Add:
Depreciation and amortization	53		127		—		180		52		111		—		163

Restructuring	—		2		—		2		12		8		—		20
Loss pursuant to the divestiture of MAKS	—		—		—		—		—		9		—		9

Adjusted Operating Income	$	1,986	$	526	$	—	$	2,512	$	1,680	$	456	$	—	$	2,136

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,
	2021		2020		2021		2020
MIS:
U.S.	$	580	$	506	$	1,809	$	1,625
Non-U.S.:
EMEA	211		188		707		542
Asia-Pacific	90		99		287		270
Americas	44		32		138		120
Total Non-U.S.	345		319		1,132		932
Total MIS	925		825		2,941		2,557
MA:
U.S.	264		223		751		655
Non-U.S.:
EMEA	228		213		691		595
Asia-Pacific	59		57		173		166
Americas	50		38		123		108
Total Non-U.S.	337		308		987		869
Total MA	601		531		1,738		1,524
Total MCO	$	1,526	$	1,356	$	4,679	$	4,081

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,
	2021		2020		2021		2020
United States	$	844	$	729	$	2,560	$	2,280
Non-U.S.:
EMEA	439		401		1,398		1,137
Asia-Pacific	149		156		460		436
Americas	94		70		261		228
Total Non-U.S.	682		627		2,119		1,801
Total	$	1,526	$	1,356	$	4,679	$	4,081