70
Adjusted Results by Quarter: 2017 and 2018

Adjusted Operating Profit by Quarter

(in millions)

Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Ratings

$377$409$397$443$390$396$437$367$1,601$1,614

Market Intelligence

123128133146139168145184540625

Platts

9894921028910286101365401

Indices

118150121138122137123144484568

Total SPGI adjusted division operating profit

$716$781$743$829$740$802$790$796$2,988$3,208

Adjusted Corporate Unallocated

(36)(46)(36)(39)(48)(35)(47)(35)(166)(156)

Total adjusted operating profit

$680$735$706$790$692$767$744$761$2,822$3,052
Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Ratings

$377$409$397$443$390$396$437$367$1,601$1,614

Market Intelligence

123128133146139168145184540625

Platts

9894921028910286101365401

Indices

118150121138122137123144484568

Total SPGI adjusted division operating profit

$716$781$743$829$740$802$790$796$2,988$3,208

Adjusted Corporate Unallocated

(36)(46)(36)(39)(48)(35)(47)(35)(166)(156)

Total adjusted operating profit

$680$735$706$790$692$767$744$761$2,822$3,052

Adjusted Other Income

(in millions)

Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Adjusted other income

$(9)$(4)$(9)$(11)$(9)$(6)$(9)$(7)$(35)$(29)
Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Adjusted other income

$(9)$(4)$(9)$(11)$(9)$(6)$(9)$(7)$(35)$(29)

Adjusted Interest Expense

(in millions)

Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Adjusted interest expense

$37$34$37$26$37$38$39$36$149$134
Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Adjusted interest expense

$37$34$37$26$37$38$39$36$149$134

Adjusted Provision for Income Taxes

(in millions)

Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Adjusted provision for income taxes

$199$153$196$185$185$161$203$134$782$633
Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Adjusted provision for income taxes

$199$153$196$185$185$161$203$134$782$633

Adjusted Effective Tax Rate

(in millions)

Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Adjusted operating profit

$680$735$706$790$692$767$744$761$2,822$3,052

Adjusted other income

9491196973529

Adjusted interest expense

(37)(34)(37)(26)(37)(38)(39)(36)(149)(134)

Adjusted income before taxes on income

$652$705$678$775$664$736$714$732$2,708$2,948

Adjusted provision for income taxes

$199$153$196$185$185$161$203$134$782$633

Adjusted effective tax rate (1)

30.3%21.7%28.9%23.9%27.9%21.9%28.5%18.3%28.9%21.5%
Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Adjusted operating profit

$680$735$706$790$692$767$744$761$2,822$3,052

Adjusted other income

9491196973529

Adjusted interest expense

(37)(34)(37)(26)(37)(38)(39)(36)(149)(134)

Adjusted income before taxes on income

$652$705$678$775$664$736$714$732$2,708$2,948

Adjusted provision for income taxes

$199$153$196$185$185$161$203$134$782$633

Adjusted effective tax rate (1)

30.3%21.7%28.9%23.9%27.9%21.9%28.5%18.3%28.9%21.5%

Adjusted Net Income Attributable to SPGI and Adjusted Diluted EPS

(in millions, except per share data)

Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Adjusted net income attributable to SPGI

$422$509$446$549$442$536$474$559$1,784$2,152

Adjusted diluted EPS

$1.62$2.00$1.72$2.17$1.71$2.11$1.85$2.22$6.89$8.50
Q1Q2Q3Q4Full Year
2017201820172018201720182017201820172018

Adjusted net income attributable to SPGI

$422$509$446$549$442$536$474$559$1,784$2,152

Adjusted diluted EPS

$1.62$2.00$1.72$2.17$1.71$2.11$1.85$2.22$6.89$8.50
Notes:

For a quarterly reconciliation, refer to the Company’s 2018 quarterly earnings releases filed with the SEC

See Reconciliation of Adjusted Information to U.S. GAAP on pages 71 to 73 for full-year adjusted items

For additional information, see footnotes on pages 4 and 55

(1)

The adjusted effective tax rate is calculated by dividing the adjusted provision for income taxes by the adjusted income before taxes on income

Details may not sum to total due to rounding