61
Revenue by Type* U.S. GAAP

Total Company (1, 4, 5, 6, 7, 9, 10)

(dollars in millions)

36%
24%
30%
7%
3%
38%
23%
29%
7%
3%
42%
22%
26%
7%
3%
41%
22%
26%
8%
3%
43%
22%
23%
9%
4%
'14
15
'16
'17
'18
Subscription
$1,803
$2,029
$2,364
$2,454
$2,682
Non-transaction
1,240
1,233
1,259
1,338
1,381
Non-subscription/ transaction
1,518
1,511
1,460
1,599
1,428
Asset-linked fees
359
384
400
484
542
Sales usage-based royalties
131
156
178
188
225
Total revenue
$5,051
$5,313
$5,661
$6,063
$6,258

Ratings (2)

(dollars in millions)

54%
46%
54%
46%
54%
46%
48%
52%
52%
48%
'14
'15
'16
'17
'18
Non-Transaction
$1,326
$1,321
$1,357
$1,448
$1,506
Total revenue
$2,455
$2,428
$2,535
$2,988
$2,883

Market Intelligence (2, 5)

(dollars in millions)

90%
9%
1%
90%
9%
1%
93%
6%
1%
96%
3%
1%
97%
2%
1%
'14
'15
'16
'17
'18
Subscription
$1,118
$1,270
$1,543
$1,614
$1,773
Non-subscription
104
118
99
46
40
Asset-linked fees
15
17
19
23
20
Total revenue
$1,237
$1,405
$1,661
$1,683
$1,833

Platts (6, 7)

(dollars in millions) (includes J.D. Power through 9/2016)

67%
4%
32%
66%
5%
29%
74%
6%
20%
91%
7%
2%
92%
7%
1%
'14
'15
'16
'17
'18
Subscription
$576
$641
$689
$704
$750
Sales usage-based royalties
32
44
53
57
54
Non-Subscription
258
286
183
13
11
Total revenue
$893
$971
$925
$774
$815

Indices (9)

(dollars in millions)

62%
18%
20%
61%
19%
20%
60%
20%
20%
63%
18%
19%
62%
21%
17%
'14
'15
'16
'17
'18
Asset-linked fees
$344
$367
$381
$461
$522
Sales usage-based fees
99
112
125
131
171
Subscription
109
118
132
136
144
Total revenue
$552
$597
$638
$728
$837

S&P Global adopted ASC 606 and now reports revenue across five categories (results recast for 2014-2018)

Notes:

See the following pages for descriptions of each division’s subscription revenue, non-subscription/transaction revenue, non-transaction revenue, asset-linked fees, and sales usage-based royalties:
Page 14:  Ratings
Page 30:  Market Intelligence
Page 36:  Platts
Page 44:  Indices

*

SPGI: S&P Global’s results reflect the following discontinued operations for years noted: McGraw-Hill Education (2013) and McGraw Hill Construction (2014). Refer to the SPGI footnotes on page 4 for further details on the Company’s divisions