S&P Global (SPGI) 10-Q 25 Apr 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares shares in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 19, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	1-1023
Entity Registrant Name	S&P Global Inc.
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-1026995
Entity Address, Address Line One	55 Water Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10041
City Area Code	212
Local Phone Number	438-1000
Title of 12(b) Security	Common stock (par value $1.00 per share)
Trading Symbol	SPGI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		312.9
Entity Central Index Key	0000064040
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 3,491	$ 3,160
Expenses:
Operating-related expenses	1,120	1,088
Selling and general expenses	705	705
Depreciation	23	25
Amortization of intangibles	264	262
Total expenses	2,112	2,080
Gain on disposition	0	(50)
Equity in income on unconsolidated subsidiaries	(6)	(14)
Operating profit	1,385	1,144
Other (income) expense, net	(9)	11
Interest expense, net	78	85
Income before taxes on income	1,316	1,048
Provision for taxes on income	248	188
Net income	1,068	860
Less: net income attributable to noncontrolling interests	(77)	(65)
Net income attributable to S&P Global Inc.	$ 991	$ 795
Earnings per share attributable to S&P Global Inc. common shareholders:
Basic (USD per share)	$ 3.16	$ 2.47
Diluted (USD per share)	$ 3.16	$ 2.47
Weighted-average number of common shares outstanding:
Basic (shares)	313.6	321.3
Diluted (shares)	314	322.1
Actual shares outstanding at period end (shares)	313.1	320.8

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,068	$ 860
Other comprehensive income:
Foreign currency translation adjustments	(71)	42
Income tax effect	(8)	3
Foreign currency translation adjustment, net of income tax effect	(79)	45
Pension and other postretirement benefit plans	1	1
Income tax effect	0	0
Pension and other postretirement benefit plans, net of income tax effect	1	1
Unrealized gain on cash flow hedges	21	(27)
Income tax effect	(5)	6
Unrealized gain on cash flow hedges, net of income tax effect	16	(21)
Comprehensive income	1,006	885
Less: comprehensive income attributable to nonredeemable noncontrolling interests	(7)	(4)
Less: comprehensive income attributable to redeemable noncontrolling interests	(70)	(61)
Comprehensive income attributable to S&P Global Inc.	$ 929	$ 820

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,543	$ 1,290
Restricted cash	1	1
Accounts receivable, net of allowance for doubtful accounts: 2024 - $55; 2023 - $54	2,979	2,826
Prepaid and other current assets	845	1,026
Assets of a business held for sale	60	0
Total current assets	5,428	5,143
Property and equipment, net of accumulated depreciation: 2024 - $800; 2023 - $794	247	258
Right of use assets	371	379
Goodwill	34,748	34,850
Other intangible assets, net	17,120	17,398
Equity investments in unconsolidated subsidiaries	1,775	1,787
Other non-current assets	788	774
Total assets	60,477	60,589
Current liabilities:
Accounts payable	458	557
Accrued compensation and contributions to retirement plans	419	906
Short-term debt	301	47
Income taxes currently payable	179	121
Unearned revenue	3,535	3,461
Other current liabilities	975	1,033
Liabilities of a business held for sale	10	0
Total current liabilities	5,877	6,125
Long-term debt	11,404	11,412
Lease liabilities — non-current	524	541
Pension and other postretirement benefits	197	199
Deferred tax liability — non-current	3,631	3,690
Other non-current liabilities	595	522
Total liabilities	22,228	22,489
Redeemable noncontrolling interests (Note 8)	3,825	3,800
Commitments and contingencies (Note 12)
Equity:
Common stock, $1 par value: authorized - 600 million shares; issued - 2024 and 2023 415 million shares	415	415
Additional paid-in capital	44,295	44,231
Retained income	19,433	18,728
Accumulated other comprehensive loss	(825)	(763)
Less: common stock in treasury	(28,991)	(28,411)
Total equity — controlling interests	34,327	34,200
Total equity — noncontrolling interests	97	100
Total equity	34,424	34,300
Total liabilities and equity	$ 60,477	$ 60,589

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 55	$ 54
Accumulated depreciation	$ 800	$ 794
Common stock, par value (USD per share)	$ 1	$ 1
Common stock authorized (shares)	600,000,000	600,000,000
Common stock issued (shares)	415,000,000	415,000,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities:
Net income	$ 1,068	$ 860
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	23	25
Amortization of intangibles	264	262
Provision for losses on accounts receivable	15	8
Deferred income taxes	(67)	(167)
Stock-based compensation	33	46
Gain on disposition	0	(50)
Other	81	10
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:
Accounts receivable	(185)	23
Prepaid and other current assets	63	(98)
Accounts payable and accrued expenses	(602)	(343)
Unearned revenue	84	61
Other current liabilities	(194)	(158)
Net change in prepaid/accrued income taxes	192	169
Net change in other assets and liabilities	173	(54)
Cash provided by operating activities	948	594
Investing Activities:
Capital expenditures	(24)	(28)
Acquisitions, net of cash acquired	(1)	(272)
Proceeds from dispositions	0	50
Changes in short-term investments	5	(3)
Cash used for investing activities	(20)	(253)
Financing Activities:
Additions to short-term debt, net	250	710
Dividends paid to shareholders	(286)	(290)
Distributions to noncontrolling interest holders, net	(73)	(78)
Repurchase of treasury shares	(500)	(500)
Exercise of stock options and other	1	3
Employee withholding tax on share-based payments	(49)	(75)
Cash used for financing activities	(657)	(230)
Effect of exchange rate changes on cash	(18)	7
Net change in cash, cash equivalents, and restricted cash	253	118
Cash, cash equivalents, and restricted cash at beginning of period	1,291	1,287
Cash, cash equivalents, and restricted cash at end of period	$ 1,544	$ 1,405

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions		Total	Total SPGI Equity	Common Stock $1 par	Additional Paid-in Capital	Retained Income	Accumulated Other Comprehensive Loss	Less: Treasury Stock	Noncontrolling Interests
Beginning Balance at Dec. 31, 2022		$ 36,477	$ 36,388	$ 415	$ 44,422	$ 17,784	$ (886)	$ (25,347)	$ 89
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	[1]	824	820			795	25		4
Dividends (Dividend declared per common share)		(287)	(287)			(287)
Share repurchases		(500)	(500)		50			550
Employee stock plans		(25)	(25)		(143)			(118)
Change in redemption value of redeemable noncontrolling interests		(120)	(120)			(120)
Other		1	(1)			(1)			2
Ending Balance at Mar. 31, 2023		36,370	36,275	415	44,329	18,171	(861)	(25,779)	95
Beginning Balance at Dec. 31, 2023		34,300	34,200	415	44,231	18,728	(763)	(28,411)	100
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	[1]	936	929			991	(62)		7
Dividends (Dividend declared per common share)		(286)	(286)			(286)
Share repurchases		(500)	(500)		120			620
Employee stock plans		(16)	(16)		(56)			(40)
Change in redemption value of redeemable noncontrolling interests		(1)	(1)			(1)
Other		(9)	1			1			(10)
Ending Balance at Mar. 31, 2024		$ 34,424	$ 34,327	$ 415	$ 44,295	$ 19,433	$ (825)	$ (28,991)	$ 97
[1] Excludes comprehensive income of $70 million and $61 million for the three months ended March 31, 2024 and 2023, respectively, attributable to our redeemable noncontrolling interests.

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Millions		3 Months Ended
	Jan. 23, 2024	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]
Common stock, par value (USD per share)		$ 1	$ 1	$ 1
Dividends declared per common share (USD per share)	$ 0.91	$ 0.91	$ 0.90
Comprehensive income attributable to redeemable noncontrolling interests		$ 70	$ 61

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation S&P Global Inc. (together with its consolidated subsidiaries, “S&P Global,” the “Company,” “we,” “us” or “our”) is a provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. Our operations consist of five reportable segments: S&P Global Market Intelligence (“Market Intelligence”), S&P Global Ratings (“Ratings”), S&P Global Commodity Insights (“Commodity Insights”), S&P Global Mobility (“Mobility”) and S&P Dow Jones Indices (“Indices”). • Market Intelligence is a global provider of multi-asset-class data and analytics integrated with purpose-built workflow solutions. • Ratings is an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings and benchmarks. • Commodity Insights is a leading independent provider of information and benchmark prices for the commodity and energy markets. • Mobility is a leading provider of solutions serving the full automotive value chain including vehicle manufacturers (Original Equipment Manufacturers or OEMs), automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies. • Indices is a global index provider maintaining a wide variety of valuation and index benchmarks for investment advisors, wealth managers and institutional investors. As of May 2, 2023, we completed the sale of S&P Global Engineering Solutions (“Engineering Solutions”), a provider of engineering standards and related technical knowledge, and the results are included through that date . The accompanying unaudited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. Therefore, the financial statements included herein should be read in conjunction with the financial statements and notes included in our Form 10-K for the year ended December 31, 2023 (our “Form 10-K”). In the opinion of management, all normal recurring adjustments considered necessary for a fair statement of the results of the interim periods have been included. The operating results for the three months ended March 31, 2024 are not necessarily indicative of the results that may be expected for the full year. On an ongoing basis, we evaluate our estimates and assumptions, including those related to revenue recognition, business combinations, allowance for doubtful accounts, valuation of long-lived assets, goodwill and other intangible assets, pension plans, incentive compensation and stock-based compensation, income taxes, contingencies and redeemable noncontrolling interests. Since the date of our Form 10-K, there have been no material changes to our critical accounting policies and estimates. Restricted Cash Restricted cash included in our consolidated balance sheets was $1 million as of March 31, 2024 and December 31, 2023. Contract Assets Contract assets include unbilled amounts from when the Company transfers service to a customer before a customer pays consideration or before payment is due. As of March 31, 2024 and December 31, 2023, contract assets were $77 million and $75 million, respectively, and are included in accounts receivable in our consolidated balance sheets. Unearned Revenue We record unearned revenue when cash payments are received in advance of our performance. The increase in the unearned revenue balance at March 31, 2024 compared to December 31, 2023 is primarily driven by cash payments received in advance of satisfying our performance obligations, offset by $1.4 billion of revenues recognized that were included in the unearned revenue balance at the beginning of the period. Remaining Performance Obligations Remaining performance obligations represent the transaction price of contracts for work that has not yet been performed. As of March 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $4.1 billion. We expect to recognize revenue on approximately sixty percent and eighty-five percent of the remaining performance obligations over the next 12 and 24 months, respectively, with the remainder recognized thereafter. We do not disclose the value of unfulfilled performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts where revenue is a usage-based royalty promised in exchange for a license of intellectual property. Costs to Obtain Contracts We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We have determined that the costs associated with certain sales commission programs are incremental to the costs to obtain contracts with customers and therefore meet the criteria to be capitalized. Total capitalized costs to obtain contracts were $234 million as of March 31, 2024 and December 31, 2023, and are included in prepaid and other current assets and other non-current assets on our consolidated balance sheets. The capitalized asset will be amortized over a period consistent with the transfer to the customer of the goods or services to which the asset relates, calculated based on the customer term and the average life of the products and services underlying the contracts which has been determined to be approximately 5 years. The expense is recorded within selling and general expenses. We expense sales commissions when incurred if the amortization period is one year or less. These costs are recorded within selling and general expenses. Equity in Income on Unconsolidated Subsidiaries The Company holds an investment in a 50/50 joint venture arrangement with shared control with CME Group that combined each company’s post-trade services into a joint venture, OSTTRA. The joint venture provides trade processing and risk mitigation operations and incorporates CME Group’s optimization businesses (Traiana, TriOptima, and Reset) and the Company’s MarkitSERV business. The combination is intended to increase operating efficiencies of both the company's business to more effectively service clients with enhanced platforms and services for OTC markets across interest rate, FX, equity, and credit asset classes. Our share of earnings or losses are recognized in Equity in income on unconsolidated subsidiaries in our consolidated statements of income. Other (Income) Expense, net The components of other (income) expense, net for the three months ended March 31 are as follows: (in millions) 2024 2023 Other components of net periodic benefit cost $ (6) $ (6) Net (gain) loss from investments (3) 17 Other (income) expense, net $ (9) $ 11

Acquisitions and Divestitures

Acquisitions and Divestitures	3 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures Acquisitions 2024 On February 20, 2024, we entered into an agreement to acquire Visible Alpha, the financial technology provider of deep industry and segment consensus data, sell-side analyst models and analytics from high-quality, exclusive sources. The acquisition is expected to create a premium offering of fundamental investment research capabilities on Market Intelligence’s Capital IQ Pro platform. The combination of Visible Alpha with S&P Capital IQ Pro, the flagship S&P Global platform for research and analysis across institutional and corporate markets, reflects S&P Global’s continued commitment to be the foremost provider in this space. The transaction with Visible Alpha is subject to customary closing conditions, including receipt of certain regulatory approvals, and is expected to close during 2024. The proposed acquisition of Visible Alpha is not expected to be material to our consolidated financial statements. 2023 On February 16, 2023, we completed the acquisition of Market Scan Information Systems, Inc. (“Market Scan”), a leading provider of automotive pricing and incentive intelligence, including Automotive Payments as a Service TM and its powerful payment calculation engine. The addition of Market Scan to Mobility enabled the integration of detailed transaction intelligence in areas that are complementary to existing services for dealers, OEMs, lenders, and other market participants. The acquisition of Market Scan is not material to our consolidated financial statements. On January 3, 2023, we completed the acquisition of ChartIQ, a premier charting provider for the financial services industry. ChartIQ is a professional grade charting solution that allows users to visualize data with a fully interactive web-based library that works seamlessly across web, mobile and desktop. It provides advanced capabilities including trade visualization, options analytics, technical analysis and more. Additionally, ChartIQ allows clients to visualize vendor-supplied data combined with their own proprietary content, alternative datasets or analytics. The acquisition is part of our Market Intelligence segment and further enhances our S&P Capital IQ Pro platform and other workflow solutions to provide the industry with leading visualization capabilities. The acquisition of ChartIQ is not material to our consolidated financial statements. On January 4, 2023, we completed the acquisition of TruSight Solutions LLC (“TruSight”) a provider of third-party vendor risk assessments. The acquisition was integrated into our Market Intelligence segment and further expanded the breadth and depth of S&P Global’s third party vendor risk management solutions by offering high-quality validated assessment data to clients designed to reduce further the vendor due diligence burden on service providers to the financial services industry. The acquisition of TruSight is not material to our consolidated financial statements. Divestitures 2024 On February 20, 2024 we announced our intent to explore strategic opportunities for Fincentric, formerly known as Markit Digital. Fincentric is S&P Global’s premier digital solutions provider focused on developing mobile applications and websites for retail brokerages and other financial institutions. Fincentric specializes in designing cutting-edge financial data visualizations, interfaces and investor experiences. Fincentric joined S&P Global through the merger with IHS Markit and is part of our Market Intelligence segment. The assets and liabilities of Fincentric were classified as held for sale in our consolidated balance sheet as of March 31, 2024. The proposed divestiture of Fincentric is not expected to be material to our consolidated financial statements. 2023 In the first quarter of 2023, we received a contingent payment following the sale of Leveraged Commentary and Data (“LCD”) along with a related family of leveraged loan indices in June of 2022. The contingent payment was payable six months following the closing upon the achievement of certain conditions related to the transition of LCD customer relationships. During the three months ended March 31, 2023, the contingent payment resulted in a pre-tax gain of $46 million ($34 million after-tax) related to the sale of LCD in our Market Intelligence segment and $4 million ($3 million after-tax) in Gain on disposition related to the sale of a family of leveraged loan indices in our Indices segment. Assets and Liabilities Held for Sale The components of assets and liabilities held for sale in the consolidated balance sheets consist of the following: (in millions) March 31 December 31, 2024 1 2023 Accounts Receivable, net $ 13 $ — Goodwill 46 — Other assets 1 — Assets of a business held for sale $ 60 $ — Accounts payable and accrued expenses $ 6 $ — Unearned revenue 4 — Liabilities of a business held for sale $ 10 $ — 1 Assets and liabilities held for sale as of March 31, 2024 relate to Fincentric. The operating profit (loss) of our businesses that were held for sale or disposed of for the three months ended March 31 is as follows: (in millions) 2024 2023 Operating profit (loss) 2 $ (3) $ 15 2 The operating profit (loss) presented includes the revenue and recurring direct expenses associated with businesses held for sale or disposed of. The three months ended March 31, 2023 excludes a pre-tax gain related to the sale of LCD and leveraged loan indices of $50 million .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective income tax rate was 18.8% and 17.9% for the three months ended March 31, 2024 and March 31, 2023, respectively. The increase in the three months ended March 31, 2024 was primarily due to change in mix of income by jurisdiction. At the end of each interim period, we estimate the annual effective tax rate and apply that rate to our ordinary quarterly earnings. The tax expense or benefit related to significant unusual or infrequently occurring items that will be separately reported or reported net of their related tax effect, and are individually computed, is recognized in the interim period in which those items occur. In addition, the effect of changes in enacted tax laws or rates or tax status is recognized in the interim period in which the change occurs. The Company is subject to tax examinations in various jurisdictions. As of March 31, 2024 and December 31, 2023, the total amount of federal, state and local, and foreign unrecognized tax benefits was $225 million and $230 million, respectively, exclusive of interest and penalties. We recognize accrued interest and penalties related to unrecognized tax benefits in interest expense and operating-related expense, respectively. As of March 31, 2024 and December 31, 2023, we had $52 million and $50 million, respectively, of accrued interest and penalties associated with unrecognized tax benefits. Based on the current status of income tax audits, we believe that the total amount of unrecognized tax benefits may decrease by approximately $12 million in the next twelve months as a result of the resolution of local tax examinations. The Organization for Economic Co-operation and Development (“OECD”) introduced an international tax framework under Pillar Two which includes a global minimum tax of 15%. This framework has been implemented by several jurisdictions, including jurisdictions in which we operate, with effect from January 1, 2024, and many other jurisdictions, including jurisdictions in which we operate, are in the process of implementing it. The effect of enacted Pillar Two taxes has been included in the results disclosed and did not have a significant impact on our consolidated financial statements. The Company continues to monitor jurisdictions that are expected to implement Pillar Two in the future, and it is in the process of evaluating the potential impact of the enactment of Pillar Two by such jurisdictions on its consolidated financial statements.

Debt

Debt	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt	Debt A summary of short-term and long-term debt outstanding is as follows: (in millions) March 31, December 31, 3.625% Senior Notes, due 2024 1 47 47 4.75% Senior Notes, due 2025 2 4 4 4.0% Senior Notes, due 2026 3 3 3 2.95% Senior Notes, due 2027 4 497 497 2.45% Senior Notes, due 2027 5 1,240 1,240 4.75% Senior Notes, due 2028 6 807 810 4.25% Senior Notes, due 2029 7 1,014 1,016 2.5% Senior Notes, due 2029 8 497 497 2.70% Sustainability-Linked Senior Notes, due 2029 9 1,236 1,236 1.25% Senior Notes, due 2030 10 595 595 2.90% Senior Notes, due 2032 11 1,475 1,474 5.25% Senior Notes, due 2033 12 743 743 6.55% Senior Notes, due 2037 13 291 291 4.5% Senior Notes, due 2048 14 272 272 3.25% Senior Notes, due 2049 15 590 590 3.70% Senior Notes, due 2052 16 975 975 2.3% Senior Notes, due 2060 17 683 683 3.9% Senior Notes, due 2062 18 486 486 Commercial paper 250 — Total debt 11,705 11,459 Less: short-term debt including current maturities 301 47 Long-term debt $ 11,404 $ 11,412 1 Interest payments are due semiannually on May 1 and November 1. 2 Interest payments are due semiannually on February 15 and August 15. 3 Interest payments are due semiannually on March 1 and September 1. 4 Interest payments are due semiannually on January 22 and July 22, and as of March 31, 2024, the unamortized debt discount and issuance costs total $3 million. 5 Interest payments are due semiannually on March 1 and September 1 and as of March 31, 2024, the unamortized debt discount and issuance costs total $10 million. 6 Interest payments are due semiannually on February 1 and August 1. 7 Interest payments are due semiannually on May 1 and November 1. 8 Interest payments are due semiannually on June 1 and December 1, and as of March 31, 2024, the unamortized debt discount and issuance costs total $3 million. 9 Interest payments are due semiannually on March 1 and September 1 and as of March 31, 2024, the unamortized debt discount and issuance costs total $14 million. 10 Interest payments are due semiannually on February 15 and August 15, and as of March 31, 2024, the unamortized debt discount and issuance costs total $5 million. 11 Interest payments are due semiannually on March 1 and September 1 and as of March 31, 2024, the unamortized debt discount and issuance costs total $25 million. 12 Interest payments are due semiannually on March 15 and September 15, beginning on March 15, 2024, and as of March 31, 2024, the unamortized debt discount and issuance costs total $7 million. 13 Interest payments are due semiannually on May 15 and November 15, and as of March 31, 2024, the unamortized debt discount and issuance costs total $2 million. 14 Interest payments are due semiannually on May 15 and November 15, and as of March 31, 2024, the unamortized debt discount and issuance costs total $11 million. 15 Interest payments are due semiannually on June 1 and December 1, and as of March 31, 2024, the unamortized debt discount and issuance costs total $10 million. 16 Interest payments are d ue semiannually on March 1 and September 1 and as of March 31, 2024, the unamortized debt discount and issuance costs total $25 million. 17 Interest payments are due semiannually on February 15 and August 1 5, and as of March 31, 2024, the unamortized debt discount and issuance costs total $17 million. 18 Interest payments are due semiannually on March 1 and September 1 and as of March 31, 2024, the unamortized debt discount and issuance costs total $14 million. The fair value of our total debt borrowings wa s $10.1 billion an d $10.3 billion as of March 31, 2024 and December 31, 2023, respectively, and was estimated based on quoted market prices. We have the ability to borrow a total of $2.0 billion through our commercial paper program, which is supported by our $2.0 billion five-year credit agreement (our “credit facility”) that will terminate on April 26, 2026. As of March 31, 2024, there was $250 million of commercial paper outstanding. As of December 31, 2023, we had no outstanding commercial paper. Commitment fees for the unutilized commitments under the credit facility and applicable margins for borrowings thereunder are linked to the Company achieving three environmental sustainability performance indicators related to emissions, tested annually. We currently pay a commitment fee of 8 basis points. The credit facility contains customary affirmative and negative covenants and customary events of default. The occurr ence of an event of default could result in an acceleration of the obligations under the credit facility. T he only financial covenant required is that our indebtedness to cash flow ratio, as defined in our credit facility, was not greater than 4 to 1, and this covenant level has never been exceeded.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Our exposure to market risk includes changes in foreign exchange rates and interest rates. We have operations in foreign countries where the functional currency is primarily the local currency. For international operations that are determined to be extensions of the parent company, the U.S. dollar is the functional currency. We typically have naturally hedged positions in most countries from a local currency perspective with offsetting assets and liabilities. As of March 31, 2024 and December 31, 2023, we have entered into foreign exchange forward contracts to mitigate or hedge the effect of adverse fluctuations in foreign exchange rates and held cross currency swap contracts to hedge a portion of our net investment in a foreign subsidiary against volatility in foreign exchange rates. As of December 31, 2023, we held a series of interest rate swaps to mitigate or hedge the adverse fluctuations in interest rates on our future debt refinancing. These contracts are recorded at fair value that is based on foreign currency exchange rates and interest rates in active markets; therefore, we classify these derivative contracts within Level 2 of the fair value hierarchy. We do not enter into any derivative financial instruments for speculative purposes. Undesignated Derivative Instruments During the three months ended March 31, 2024 and twelve months ended December 31, 2023, we entered into foreign exchange forward contracts in order to mitigate the change in fair value of specific assets and liabilities in the consolidated balance sheets. These forward contracts do not qualify for hedge accounting. As of March 31, 2024 and December 31, 2023, the aggregate notional value of these outstanding forward contracts was $2.9 billion and $2.6 billion, respectively. The changes in fair value of these forward contracts are recorded in prepaid and other current assets or other current liabilities in the consolidated balance sheets with their corresponding change in fair value recognized in selling and general expenses in the consolidated statements of income. The amount recorded in prepaid and other current assets as of March 31, 2024 and December 31, 2023 was less than $7 million and $69 million, respectively. The amount recorded in other current liabilities as of March 31, 2024 and December 31, 2023 was $15 million and $1 million, respectively. The amount recorded in selling and general expense related to these contracts was a net loss of $37 million and a net gain of $29 million for three months ended March 31, 2024 and 2023, respectively. Net Investment Hedges As of March 31, 2024 and December 31, 2023, we held cross currency swaps to hedge a portion of our net investment in one of our European subsidiaries against volatility in the Euro/U.S. dollar exchange rate. These swaps are designated and qualify as a hedge of a net investment in a foreign subsidiary and are scheduled to mature in 2024, 2029 and 2030. The notional value of our outstanding cross currency swaps designated as a net investment hedge was $1.5 billion as of March 31, 2024 and December 31, 2023. The changes in the fair value of these swaps are recognized in foreign currency translation adjustments, a component of other comprehensive income (loss), and reported in accumulated other comprehensive loss in our consolidated balance sheet. The gain or loss will be subsequently reclassified into net earnings when the hedged net investment is either sold or substantially liquidated. We have elected to assess the effectiveness of our net investment hedges based on changes in spot exchange rates. Accordingly, amounts related to the cross currency swaps recognized directly in net income for the three months ended March 31, 2024 represent net periodic interest settlements and accruals, which are recognized in interest expense, net. We recognized net interest income of $8 million and interest expense of $9 million for the three months ended March 31, 2024 and 2023, respectively. Cash Flow Hedges Foreign Exchange Forward Contracts During the three months ended March 31, 2024 and the twelve months ended December 31, 2023, we entered into a series of foreign exchange forward contracts to hedge a portion of the Indian rupee, British pound, and Euro exposures through the first quarter of 2026 and the fourth quarter of 2025, respectively. These contracts are intended to offset the impact of movement of exchange rates on future revenue and operating costs and are scheduled to mature within twenty-four months. The changes in the fair value of these contracts are initially reported in accumulated other comprehensive loss in our consolidated balance sheet and are subsequently reclassified into revenue and selling and general expenses in the same period that the hedged transaction affects earnings. As of March 31, 2024, we estimate that $6 million of pre-tax gain related to foreign exchange forward contracts designated as cash flow hedges recorded in other comprehensive income is expected to be reclassified into earnings within the next twelve months. As of March 31, 2024 and December 31, 2023, the aggregate notional value of our outstanding foreign exchange forward contracts designated as cash flow hedges was $540 million and $529 million, respectively. Interest Rate Swaps During the three months ended March 31, 2024, we terminated our interest rate swap contracts with an aggregate notional value of $813 million and received net proceeds of $155 million upon termination. These contracts were designated as cash flow hedges and were scheduled to mature beginning in the first quarter of 2027. We performed a final effectiveness test upon the termination of each swap, and the effective portion of the gain of $155 million was recorded in accumulated other comprehensive loss in our consolidated balance sheet. The gain will be recognized into interest expense, net over the term which related interest payments will be made when we enter into anticipated future debt refinancing. The following table provides information on the location and fair value amounts of our cash flow hedges and net investment hedges as of March 31, 2024 and December 31, 2023: (in millions) March 31, December 31, Balance Sheet Location 2024 2023 Derivatives designated as cash flow hedges: Prepaid and other current assets Foreign exchange forward contracts $ 7 $ 9 Other current liabilities Foreign exchange forward contracts $ — $ 2 Other non-current assets Interest rate swap contracts $ — $ 134 Derivatives designated as net investment hedges: Other non-current assets Cross currency swaps $ 126 $ — Other non-current liabilities Cross currency swaps $ 109 $ 14 The following table provides information on the location and amounts of pre-tax gains (losses) on our cash flow hedges and net investment hedges for the three months ended March 31: (in millions) Gain (Loss) recognized in Accumulated Other Comprehensive Loss (effective portion) Location of Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion) Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion) 2024 2023 2024 2023 Cash flow hedges - designated as hedging instruments Foreign exchange forward contracts $ — $ 6 Revenue, Selling and general expenses $ 2 $ — Interest rate swap contracts $ 21 $ (34) Interest expense, net $ — $ (1) Net investment hedges - designated as hedging instruments Cross currency swaps $ 30 $ (9) Interest expense, net $ (1) $ (1) The activity related to the change in unrealized gains (losses) in accumulated other comprehensive loss was as follows for the three months ended March 31: (in millions) 2024 2023 Cash Flow Hedges Foreign exchange forward contracts Net unrealized gains on cash flow hedges, net of taxes, beginning of period $ 5 $ — Change in fair value, net of tax 2 4 Reclassification into earnings, net of tax (2) — Net unrealized gains on cash flow hedges, net of taxes, end of period $ 5 $ 4 Interest rate swap contracts Net unrealized gains on cash flow hedges, net of taxes, beginning of period $ 84 $ 48 Change in fair value, net of tax 16 (26) Reclassification into earnings, net of tax — 1 Net unrealized gains on cash flow hedges, net of taxes, end of period $ 100 $ 23 Net Investment Hedges Net unrealized (losses) gains on net investment hedges, net of taxes, beginning of period $ (21) $ 56 Change in fair value, net of tax 21 (8) Reclassification into earnings, net of tax 1 1 Net unrealized gains on net investment hedges, net of taxes, end of period $ 1 $ 49

Employee Benefits

Employee Benefits	3 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
Employee Benefits	Employee Benefits We maintain a number of active defined contribution retirement plans for our employees. The majority of our defined benefit plans are frozen. As a result, no new employees will be permitted to enter these plans and no additional benefits for current participants in the frozen plans will be accrued. We also have supplemental benefit plans that provide senior management with supplemental retirement, disability and death benefits. Certain supplemental retirement benefits are based on final monthly earnings. In addition, we sponsor a voluntary 401(k) plan under which we may match employee contributions up to certain levels of compensation as well as profit-sharing plans under which we contribute a percentage of eligible employees’ compensation to the employees’ accounts. We also provide certain medical, dental and life insurance benefits for active employees and eligible dependents. The medical and dental plans and supplemental life insurance plan are contributory, while the basic life insurance plan is noncontributory. We currently do not prefund any of these plans. We recognize the funded status of our retirement and postretirement plans in the consolidated balance sheets, with a corresponding adjustment to accumulated other comprehensive loss, net of taxes. The amounts in accumulated other comprehensive loss represent net unrecognized actuarial losses and unrecognized prior service costs. These amounts will be subsequently recognized as net periodic pension cost pursuant to our accounting policy for amortizing such amounts. Net periodic benefit cost for our retirement and postretirement plans other than the service cost component are included in other income, net in our consolidated statements of income. The components of net periodic benefit cost for our retirement plans and postretirement plans for the three months ended March 31 are as follows: (in millions) 2024 2023 Interest cost $ 17 $ 18 Expected return on assets (24) (25) Amortization of prior service credit / actuarial loss 1 1 Net periodic benefit cost $ (6) $ (6) Net periodic benefit cost related to our postretirement plans reflected in the table above was not material for the three months ended March 31, 2024 and 2023. As discussed in our Form 10-K, we changed certain discount rate assumptions for our retirement and postretirement plans which became effective on January 1, 2024. The effect of the assumption changes on retirement and postretirement expense for the three months ended March 31, 2024 did not have a material impact to our financial position, results of operations or cash flows. In the first three months of 2024, we contributed $3 million to our retirement plans and expect to make additional required contributions of approximately $8 million to our retirement plans during the remainder of the year. We may elect to make additional non-required contributions depending on investment performance or any potential deterioration of our pension plan status in the remaining nine months of 2024.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation We issue stock-based incentive awards to our eligible employees under the 2019 Employee Stock Incentive Plan and to our eligible non-employee members of the Board of Directors under a Director Deferred Stock Ownership Plan.

Equity

Equity	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Equity	Equity Dividends On January 23, 2024, the Board of Directors approved an increase in the dividends for 2024 to a quarterly common stock dividend of $0.91 per share. Stock Repurchases On June 22, 2022, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the “2022 Repurchase Program”), which was approximately 9% of the total shares of our outstanding common stock at that time. Our purchased shares may be used for general corporate purposes, including the issuance of shares for stock compensation plans and to offset the dilutive effect of the exercise of employee stock options. As of March 31, 2024, 17.4 million shares remained available under the 2022 Repurchase Program. Our 2022 Repurchase Program has no expiration date and purchases under this program may be made from time to time on the open market and in private transactions, depending on market conditions. We enter into accelerated share repurchase (“ASR”) agreements with financial institutions to initiate share repurchases of our common stock. Under an ASR agreement, we pay a specified amount to the financial institution and receive an initial delivery of shares. This initial delivery of shares represents the minimum number of shares that we may receive under the agreement. Upon settlement of the ASR agreement, the financial institution delivers additional shares. The total number of shares ultimately delivered, and therefore the average price paid per share, is determined at the end of the applicable purchase period of each ASR agreement based on the volume weighted-average share price, less a discount. We account for our ASR agreements as two transactions: a stock purchase transaction and a forward stock purchase contract. The shares delivered under the ASR agreements resulted in a reduction of outstanding shares used to determine our weighted average common shares outstanding for purposes of calculating basic and diluted earnings per share. The repurchased shares are held in Treasury. The forward stock purchase contracts were classified as equity instruments. The terms of each ASR agreement entered into during the three months ended March 31, 2024 and 2023, structured as outlined above, are as follows: (in millions, except average price paid per share) ASR Agreement Initiation Date ASR Agreement Completion Date Initial Shares Delivered Additional Shares Delivered Total Number of Shares Average Price Paid Per Share Total Cash Utilized February 12, 2024 1 1.0 — 1.0 $ — $ 500 February 13, 2023 2 May 5, 2023 1.1 0.3 1.4 $ 341.95 $ 500 1 The ASR agreement was structured as an uncapped ASR agreement in which we paid $500 million and initially received shares valued at 85% of the $500 million at a price equal to the market price of the Company ’ s common stock on February 12, 2024 when the Company received an initial delivery of 1.0 million shares from the ASR program. We completed the ASR agreement on April 12, 2024 and received an additional 0.2 million shares. We repurchased a total of 1.2 million shares under the ASR agreement for an average purchase price of $421.05 per share. The ASR agreement was executed under our 2022 Repurchase Program. 2 The ASR agreement was structured as an uncapped ASR agreement in which we paid $500 million and initially received shares valued at 85% of the $500 million at a price equal to the market price of the Company ’ s common stock on February 13, 2023 when the Company received an initial delivery of 1.1 million shares from the ASR program. We completed the ASR agreement on May 5, 2023 and received an additional 0.3 million shares. The ASR agreement was executed under our 2022 Repurchase Program. During the three months ended March 31, 2024, we received 1.2 million shares, including 0.2 million shares received in February of 2024 related to our November 13, 2023 ASR agreement. During the three months ended March 31, 2024, we purchased a total of 1.0 million shares for $500 million of cash. During the three months ended March 31, 2023, we purchased a total of 1.1 million shares for $500 million of cash. Redeemable Noncontrolling Interests Our redeemable noncontrolling interests include an agreement with the minority partners that own 27% of our S&P Dow Jones Indices LLC joint venture that contains redemption features whereby interests held by minority partners are redeemable either (i) at the option of the holder or (ii) upon the occurrence of an event that is not solely within our control. Specifically, under the terms of the operating agreement of S&P Dow Jones Indices LLC, CME Group and CME Group Index Services LLC (“CGIS”) has the right at any time to sell, and we are obligated to buy, at least 20% of their share in S&P Dow Jones Indices LLC. In addition, in the event there is a change of control of the Company, for the 15 days following a change in control, CME Group and CGIS will have the right to put their interest to us at the then fair value of CME Group’s and CGIS’ minority interest. If interests were to be redeemed under this agreement, we would generally be required to purchase the interest at fair value on the date of redemption. This interest is presented on the consolidated balance sheets outside of equity under the caption “Redeemable noncontrolling interests” with an initial value based on fair value for the portion attributable to the net assets we acquired, and based on our historical cost for the portion attributable to our S&P Index business. We adjust the redeemable noncontrolling interest each reporting period to its estimated redemption value, but never less than its initial fair value, using both income and market valuation approaches. Our income and market valuation approaches incorporate Level 3 fair value measures for instances when observable inputs are not available. The more significant judgmental assumptions used to estimate the value of the S&P Dow Jones Indices LLC joint venture include an estimated discount rate, a range of assumptions that form the basis of the expected future net cash flows (e.g., the revenue growth rates and operating margins), and a company specific beta. The significant judgmental assumptions used that incorporate market data, including the relative weighting of market observable information and the comparability of that information in our valuation models, are forward-looking and could be affected by future economic and market conditions. Any adjustments to the redemption value will impact retained income. Noncontrolling interests that do not contain such redemption features are presented in equity. Changes to redeemable noncontrolling interests during the three months ended March 31, 2024 were as follows: (in millions) Balance as of December 31, 2023 $ 3,800 Net income attributable to redeemable noncontrolling interests 70 Distributions payable to redeemable noncontrolling interests (49) Redemption value adjustment 1 Other 1 3 Balance as of March 31, 2024 $ 3,825 1 Includes foreign currency translation adjustments. Accumulated Other Comprehensive Loss The following table summarizes the changes in the components of accumulated other comprehensive loss for the three months ended March 31, 2024: (in millions) Foreign Currency Translation Adjustments Pension and Postretirement Benefit Plans Unrealized Gain (Loss) on Cash Flow Hedges Accumulated Other Comprehensive Loss Balance as of December 31, 2023 $ (487) $ (362) $ 86 $ (763) Other comprehensive income (loss) before reclassifications (80) 1 — 18 (62) Reclassifications from accumulated other comprehensive income (loss) to net earnings 1 1 2 (2) 3 — Net other comprehensive income (loss) (79) 1 16 (62) Balance as of March 31, 2024 $ (566) $ (361) $ 102 $ (825) 1 Includes an unrealized gain related to our cross currency swaps. See Note 5 – Derivative Instruments for additional detail of items recognized in accumulated other comprehensive loss. 2 Reflects amortization of net actuarial losses and is net of a tax benefit of less than $1 million for the three months ended March 31, 2024. See Note 6 — Employee Benefits for additional details of items reclassed from accumulated other comprehensive loss to net earnings. 3 See Note 5 — Derivative Instruments for additional details of items reclassified from accumulated other comprehensive loss to net earnings.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per common share (“EPS”) is computed by dividing net income attributable to the common shareholders of the Company by the weighted-average number of common shares outstanding. Diluted EPS is computed in the same manner as basic EPS, except the number of shares is increased to include additional common shares that would have been outstanding if potential common shares with a dilutive effect had been issued. Potential common shares consist primarily of stock options and restricted performance shares calculated using the treasury stock method. The calculation of basic and diluted EPS for the three months ended March 31 is as follows: (in millions, except per share amounts) 2024 2023 Amounts attributable to S&P Global Inc. common shareholders: Net income $ 991 $ 795 Basic weighted-average number of common shares outstanding 313.6 321.3 Effect of stock options and other dilutive securities 0.4 0.8 Diluted weighted-average number of common shares outstanding 314.0 322.1 Earnings per share attributable to S&P Global Inc. common shareholders: Net income: Basic $ 3.16 $ 2.47 Diluted $ 3.16 $ 2.47 We have certain stock options and restricted performance shares that are potentially excluded from the computation of diluted EPS. The effect of the potential exercise of stock options is excluded when the average market price of our common stock is lower than the exercise price of the related option during the period or when a net loss exists because the effect would have been antidilutive. Additionally, restricted performance shares are excluded when the necessary vesting conditions have not been met or when a net loss exists. For the three months ended March 31, 2024 and 2023, there were no stock options excluded. Restricted performance shares outstanding of 0.9 million and 0.8 million as of March 31, 2024 and 2023, respectively, were excluded.

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring We continuously evaluate our cost structure to identify cost savings associated with streamlining our management structure. Our 2024 and 2023 restructuring plans consisted of a company-wide workforce reduction of approximately 287 and 1,050 positions, respectively, and are further detailed below. The charges for each restructuring plan are classified as selling and general expenses within the consolidated statements of income and the reserves are included in other current liabilities in the consolidated balance sheets. In certain circumstances, reserves are no longer needed because employees previously identified for separation resigned from the Company and did not receive severance or were reassigned due to circumstances not foreseen when the original plans were initiated. In these cases, we reverse reserves through the consolidated statements of income during the period when it is determined they are no longer needed. The initial restructuring charge recorded and the ending reserve balance as of March 31, 2024 by segment is as follows: 2024 Restructuring Plan 2023 Restructuring Plan (in millions) Initial Charge Recorded Ending Reserve Balance Initial Charge Recorded Ending Reserve Balance Market Intelligence $ 31 $ 24 $ 90 $ 41 Ratings 1 1 10 5 Commodity Insights — — 26 12 Mobility — — 9 5 Indices 1 1 5 2 Corporate 2 2 43 18 Total $ 35 $ 28 $ 183 $ 83 We recorded a pre-tax restructuring charge of $35 million primarily related to employee severance charges for the 2024 restructuring plan during the three months ended March 31, 2024 and have reduced the reserve by $7 million. The ending reserve balance for the 2023 restructuring plan was $152 million as of December 31, 2023. For the three months ended March 31, 2024, we have reduced the reserve for the 2023 restructuring plan by $69 million. The reductions primarily related to cash payments for employee severance charges.

Segment and Related Information

Segment and Related Information	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment and Related Information	Segment and Related Information We have five reportable segments: Market Intelligence, Ratings, Commodity Insights, Mobility and Indices. Our Chief Executive Officer is our chief operating decision-maker and evaluates performance of our segments and allocates resources based primarily on operating profit. Segment operating profit does not include Corporate Unallocated expense, equity in income on unconsolidated subsidiaries, other (income) expense, net, or interest expense, net, as these are amounts that do not affect the operating results of our reportable segments. As of May 2, 2023, we completed the sale of Engineering Solutions and the results are included through that date. A summary of operating results for the three months ended March 31 is as follows: Revenue (in millions) 2024 2023 Market Intelligence $ 1,142 $ 1,071 Ratings 1,062 824 Commodity Insights 559 508 Mobility 386 358 Indices 387 341 Engineering Solutions — 100 Intersegment elimination 1 (45) (42) Total revenue $ 3,491 $ 3,160 Operating Profit (in millions) 2024 2023 Market Intelligence 2 $ 189 $ 229 Ratings 3 679 477 Commodity Insights 4 226 187 Mobility 5 70 64 Indices 6 272 238 Engineering Solutions 7 — 14 Total reportable segments 1,436 1,209 Corporate Unallocated expense 8 (57) (79) Equity in Income on Unconsolidated Subsidiaries 9 6 14 Total operating profit $ 1,385 $ 1,144 1 Revenue for Ratings and expenses for Market Intelligence include an intersegment royalty charged to Market Intelligence for the rights to use and distribute content and data developed by Ratings. 2 Operating profit for 2024 includes employee severance charges of $31 million, IHS Markit merger costs of $11 million and acquisition-related costs of $3 million. Operating profit for 2023 includes a gain on disposition of $46 million, IHS Markit merger costs of $13 million and employee severance charges of $6 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $140 million and $141 million for 2024 and 2023, respectively. 3 Operating profit for 2024 and 2023 includes employee severance charges of $2 million and $1 million, respectively. Additionally, operating profit includes amortization of intangibles from acquisitions of $7 million and $2 million for 2024 and 2023, respectively. 4 Operating profit for 2024 includes IHS Markit merger costs of $5 million. Operating profit for 2023 includes IHS Markit merger costs of $13 million and employee severance charges of $2 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $32 million and $33 million for 2024 and 2023, respectively. 5 Operating profit for 2024 includes IHS Markit merger costs of $1 million. Operating profit for 2023 includes IHS Markit merger costs of $1 million and acquisition-related costs of $1 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $76 million and $74 million for 2024 and 2023, respectively. 6 Operating profit for 2024 includes IHS Markit merger costs of $1 million and employee severance charges of $1 million. Operating profit for 2023 includes a gain on disposition of $4 million, employee severance charges of $1 million and IHS Markit merger costs of $1 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $9 million for 2024 and 2023. 7 Operating profit for 2023 includes amortization of intangibles from acquisitions of $2 million. 8 Corporate Unallocated expense for 2024 includes IHS Markit merger costs of $18 million, employee severance charges of $2 million, acquisition-related costs of $1 million and recovery of lease-related costs of $1 million. Corporate Unallocated expense for 2023 includes IHS Markit merger costs of $37 million, disposition related costs of $13 million, employee severance charges of $1 million and acquisition-related costs of $1 million. Additionally, Corporate Unallocated expense includes amortization of intangibles from acquisitions of $1 million for 2023. 9 Equity in Income on Unconsolidated Subsidiaries includes amortization of intangibles from acquisitions of $14 million for 2024 and 2023. The following table presents our revenue disaggregated by revenue type for the three months ended March 31: (in millions) Market Intelligence Ratings Commodity Insights Mobility Indices Engineering Solutions 1 Intersegment Elimination 2 Total 2024 Subscription $ 947 $ — $ 450 $ 311 $ 70 $ — $ — $ 1,778 Non-subscription / Transaction 54 582 83 75 — — — 794 Non-transaction — 480 — — — — (45) 435 Asset-linked fees — — — — 244 — — 244 Sales usage-based royalties — — 26 — 73 — — 99 Recurring variable revenue 141 — — — — — — 141 Total revenue $ 1,142 $ 1,062 $ 559 $ 386 $ 387 $ — $ (45) $ 3,491 Timing of revenue recognition Services transferred at a point in time $ 54 $ 582 $ 83 $ 75 $ — $ — $ — $ 794 Services transferred over time 1,088 480 476 311 387 — (45) 2,697 Total revenue $ 1,142 $ 1,062 $ 559 $ 386 $ 387 $ — $ (45) $ 3,491 (in millions) Market Intelligence Ratings Commodity Insights Mobility Indices Engineering Solutions 1 Intersegment Elimination 2 Total 2023 Subscription $ 890 $ — $ 409 $ 281 $ 66 $ 94 $ — $ 1,740 Non-subscription / Transaction 56 379 80 77 — 6 — 598 Non-transaction — 445 — — — — (42) 403 Asset-linked fees — — — — 210 — — 210 Sales usage-based royalties — — 19 — 65 — — 84 Recurring variable revenue 125 — — — — — — 125 Total revenue $ 1,071 $ 824 $ 508 $ 358 $ 341 $ 100 $ (42) $ 3,160 Timing of revenue recognition Services transferred at a point in time $ 56 $ 379 $ 80 $ 77 $ — $ 6 $ — $ 598 Services transferred over time 1,015 445 428 281 341 94 (42) 2,562 Total revenue $ 1,071 $ 824 $ 508 $ 358 $ 341 $ 100 $ (42) $ 3,160 1 As of May 2, 2023, we completed the sale of Engineering Solutions and the results are included through that date. 2 Intersegment eliminations primarily consists of a royalty charged to Market Intelligence for the rights to use and distribute content and data developed by Ratings. The following provides revenue by geographic region for the three months ended March 31: (in millions) 2024 2023 U.S. $ 2,150 $ 1,926 European region 776 711 Asia 356 337 Rest of the world 209 186 Total $ 3,491 $ 3,160 See Note 2 — Acquisitions and Divestitures and Note 10 — Restructuring for additional actions that impacted the segment operating results.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases We determine whether an arrangement meets the criteria for an operating lease or a finance lease at the inception of the arrangement. We have operating leases for office space and equipment. Our leases have remaining lease terms of 1 year to 11 years, some of which include options to extend the leases for up to 15 years, and some of which include options to terminate the leases within 1 year. We sublease certain real estate leases to third parties which mainly consist of operating leases for space within our offices. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expenses for these leases on a straight line-basis over the lease term in operating-related expenses and selling and general expenses. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. Our future minimum based payments used to determine our lease liabilities include minimum based rent payments and escalations. As most of our leases do not provide an implicit rate, we use our estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The following table provides information on the location and amounts of our leases on our consolidated balance sheets as of March 31, 2024 and December 31, 2023: (in millions) March 31, December 31, Balance Sheet Location 2024 2023 Assets Right of use assets Lease right of use assets $ 371 $ 379 Liabilities Other current liabilities Current lease liabilities 103 105 Lease liabilities — non-current Non-current lease liabilities 524 541 The components of lease expense for the three months ended March 31 are as follows: (in millions) 2024 2023 Operating lease cost $ 34 $ 30 Sublease income (4) (4) Total lease cost $ 30 $ 26 Supplemental information related to leases for the three months ended March 31 are as follows: (in millions) 2024 2023 Cash paid for amounts included in the measurement for operating lease liabilities Operating cash flows for operating leases $ 34 $ 39 Right of use assets obtained in exchange for lease obligations Operating leases 10 — Weighted-average remaining lease term and discount rate for our operating leases are as follows: March 31, December 31, 2024 2023 Weighted-average remaining lease term (years) 6.1 6.0 Weighted-average discount rate 3.58 % 3.46 % Maturities of lease liabilities for our operating leases are as follows: (in millions) 2024 (Excluding the three months ended March 31, 2024) $ 95 2025 114 2026 107 2027 99 2028 77 2029 and beyond 221 Total undiscounted lease payments $ 713 Less: Imputed interest 86 Present value of lease liabilities $ 627 Related Party Agreements In June of 2012, we entered into a license agreement (the “License Agreement") with the holder of S&P Dow Jones Indices LLC noncontrolling interest, CME Group, replacing the 2005 license agreement between Indices and CME Group. Under the terms of the License Agreement, S&P Dow Jones Indices LLC receives a share of the profits from the trading and clearing of CME Group’s equity index products. During the three months ended March 31, 2024 and 2023, S&P Dow Jones Indices LLC earned $48 million and $44 million of revenue under the terms of the License Agreement. The entire amount of this revenue is included in our consolidated statement of income and the portion related to the 27% noncontrolling interest is removed in net income attributable to noncontrolling interests. Legal and Regulatory Matters In the normal course of business both in the United States and abroad, the Company and its subsidiaries are defendants in a number of legal proceedings and are often subjected to government and regulatory proceedings, investigations and inquiries. A class action lawsuit was filed in Australia on August 7, 2020 against the Company and a subsidiary of the Company. A separate lawsuit was filed against the Company and a subsidiary of the Company in Australia on February 2, 2021 by two entities within the Basis Capital investment group. The lawsuits both relate to alleged investment losses in collateralized debt obligations rated by Ratings prior to the financial crisis. We can provide no assurance that we will not be obligated to pay significant amounts in order to resolve these matters on terms deemed acceptable. From time to time, the Company receives customer complaints. The Company believes it has strong contractual protections in the terms and conditions included in its arrangements with customers. Nonetheless, in the interest of managing customer relationships, the Company from time to time engages in dialogue with such customers in an effort to resolve such complaints, and if such complaints cannot be resolved through dialogue, may face litigation regarding such complaints. The Company does not expect to incur material losses as a result of these matters. Moreover, various government and self-regulatory agencies frequently make inquiries and conduct investigations into our compliance with applicable laws and regulations, including those related to ratings activities, antitrust matters and other matters, such as ESG. For example, as a nationally recognized statistical rating organization ("NRSRO") registered with the SEC under Section 15E of the Exchange Act, S&P Global Ratings is in ongoing communication with the staff of the SEC regarding compliance with its extensive obligations under the federal securities laws. S&P Global Ratings is currently responding to requests for documents and information from the SEC in connection with an investigation concerning S&P Global Ratings’ compliance with record retention requirements relating to electronic business communications sent or received via electronic messaging channels. As has been publicly reported, the SEC has undertaken similar investigations across various industries, including other NRSROs. Although S&P Global seeks to promptly address any compliance issues that it detects or that the staff of the SEC or another regulator raises, there can be no assurance that the SEC or another regulator will not seek remedies against S&P Global for one or more compliance deficiencies. Any of these proceedings, investigations or inquiries could ultimately result in adverse judgments, damages, fines, penalties or activity restrictions, which could adversely impact our consolidated financial condition, cash flows, business or competitive position. In view of the uncertainty inherent in litigation and government and regulatory enforcement matters, we cannot predict the eventual outcome of such matters or the timing of their resolution, or in most cases reasonably estimate what the eventual judgments, damages, fines, penalties or impact of activity (if any) restrictions may be. As a result, we cannot provide assurance that such outcomes will not have a material adverse effect on our consolidated financial condition, cash flows, business or competitive position. As litigation or the process to resolve pending matters progresses, as the case may be, we will continue to review the latest information available and assess our ability to predict the outcome of such matters and the effects, if any, on our consolidated financial condition, cash flows, business or competitive position, which may require that we record liabilities in the consolidated financial statements in future periods.

Recently Issued or Adopted Acco

Recently Issued or Adopted Accounting Standards	3 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Recently Issued or Adopted Accounting Standards	Recently Issued or Adopted Accounting Standards In December of 2023, the Financial Accounting Standards Board (“FASB”) issued accounting guidance that expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. The guidance is effective for annual periods beginning after December 15, 2024, with early adoption permitted, and should be applied either prospectively or retrospectively. We are currently evaluating the impact of this guidance on the Company’s disclosures. In November of 2023, the FASB issued accounting guidance that expands reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements. We are currently evaluating the impact of this guidance on the Company’s disclosures.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 991	$ 795

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	S&P Global Inc. (together with its consolidated subsidiaries, “S&P Global,” the “Company,” “we,” “us” or “our”) is a provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. Our operations consist of five reportable segments: S&P Global Market Intelligence (“Market Intelligence”), S&P Global Ratings (“Ratings”), S&P Global Commodity Insights (“Commodity Insights”), S&P Global Mobility (“Mobility”) and S&P Dow Jones Indices (“Indices”). • Market Intelligence is a global provider of multi-asset-class data and analytics integrated with purpose-built workflow solutions. • Ratings is an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings and benchmarks. • Commodity Insights is a leading independent provider of information and benchmark prices for the commodity and energy markets. • Mobility is a leading provider of solutions serving the full automotive value chain including vehicle manufacturers (Original Equipment Manufacturers or OEMs), automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies. • Indices is a global index provider maintaining a wide variety of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
Basis of Presentation	The accompanying unaudited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. Therefore, the financial statements included herein should be read in conjunction with the financial statements and notes included in our Form 10-K for the year ended December 31, 2023 (our “Form 10-K”). In the opinion of management, all normal recurring adjustments considered necessary for a fair statement of the results of the interim periods have been included. The operating results for the three months ended March 31, 2024 are not necessarily indicative of the results that may be expected for the full year.
Use of Estimates	On an ongoing basis, we evaluate our estimates and assumptions, including those related to revenue recognition, business combinations, allowance for doubtful accounts, valuation of long-lived assets, goodwill and other intangible assets, pension plans, incentive compensation and stock-based compensation, income taxes, contingencies and redeemable noncontrolling interests.
Restricted Cash	Restricted Cash
Revenue from Contract with Customer	Contract Assets Contract assets include unbilled amounts from when the Company transfers service to a customer before a customer pays consideration or before payment is due. As of March 31, 2024 and December 31, 2023, contract assets were $77 million and $75 million, respectively, and are included in accounts receivable in our consolidated balance sheets. Unearned Revenue We record unearned revenue when cash payments are received in advance of our performance. The increase in the unearned revenue balance at March 31, 2024 compared to December 31, 2023 is primarily driven by cash payments received in advance of satisfying our performance obligations, offset by $1.4 billion of revenues recognized that were included in the unearned revenue balance at the beginning of the period. Remaining Performance Obligations Remaining performance obligations represent the transaction price of contracts for work that has not yet been performed. As of March 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $4.1 billion. We expect to recognize revenue on approximately sixty percent and eighty-five percent of the remaining performance obligations over the next 12 and 24 months, respectively, with the remainder recognized thereafter. We do not disclose the value of unfulfilled performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts where revenue is a usage-based royalty promised in exchange for a license of intellectual property. Costs to Obtain Contracts We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We have determined that the costs associated with certain sales commission programs are incremental to the costs to obtain contracts with customers and therefore meet the criteria to be capitalized. Total capitalized costs to obtain contracts were $234 million as of March 31, 2024 and December 31, 2023, and are included in prepaid and other current assets and other non-current assets on our consolidated balance sheets. The capitalized asset will be amortized over a period consistent with the transfer to the customer of the goods or services to which the asset relates, calculated based on the customer term and the average life of the products and services underlying the contracts which has been determined to be approximately 5 years. The expense is recorded within selling and general expenses. We expense sales commissions when incurred if the amortization period is one year or less. These costs are recorded within selling and general expenses.
Equity in Income on Unconsolidated Subsidiaries	Equity in Income on Unconsolidated Subsidiaries The Company holds an investment in a 50/50 joint venture arrangement with shared control with CME Group that combined each company’s post-trade services into a joint venture, OSTTRA. The joint venture provides trade processing and risk mitigation operations and incorporates CME Group’s optimization businesses (Traiana, TriOptima, and Reset) and the Company’s MarkitSERV business. The combination is intended to increase operating efficiencies of both the company's business to more effectively service clients with enhanced platforms and services for OTC markets across interest rate, FX, equity, and credit asset classes. Our share of earnings or losses are recognized in Equity in income on unconsolidated subsidiaries in our consolidated statements of income.
Recently Issued or Adopted Accounting Standards	In December of 2023, the Financial Accounting Standards Board (“FASB”) issued accounting guidance that expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. The guidance is effective for annual periods beginning after December 15, 2024, with early adoption permitted, and should be applied either prospectively or retrospectively. We are currently evaluating the impact of this guidance on the Company’s disclosures. In November of 2023, the FASB issued accounting guidance that expands reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements. We are currently evaluating the impact of this guidance on the Company’s disclosures.

Nature of Operations and Basi_3

Nature of Operations and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Components of Other (Income) Expense, Net	The components of other (income) expense, net for the three months ended March 31 are as follows: (in millions) 2024 2023 Other components of net periodic benefit cost $ (6) $ (6) Net (gain) loss from investments (3) 17 Other (income) expense, net $ (9) $ 11

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	3 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Schedule of Key Components of Assets and Liabilities Held for Sale	The components of assets and liabilities held for sale in the consolidated balance sheets consist of the following: (in millions) March 31 December 31, 2024 1 2023 Accounts Receivable, net $ 13 $ — Goodwill 46 — Other assets 1 — Assets of a business held for sale $ 60 $ — Accounts payable and accrued expenses $ 6 $ — Unearned revenue 4 — Liabilities of a business held for sale $ 10 $ — 1 Assets and liabilities held for sale as of March 31, 2024 relate to Fincentric. The operating profit (loss) of our businesses that were held for sale or disposed of for the three months ended March 31 is as follows: (in millions) 2024 2023 Operating profit (loss) 2 $ (3) $ 15 2 The operating profit (loss) presented includes the revenue and recurring direct expenses associated with businesses held for sale or disposed of. The three months ended March 31, 2023 excludes a pre-tax gain related to the sale of LCD and leveraged loan indices of $50 million .

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Short-term and Long-term Debt Outstanding	A summary of short-term and long-term debt outstanding is as follows: (in millions) March 31, December 31, 3.625% Senior Notes, due 2024 1 47 47 4.75% Senior Notes, due 2025 2 4 4 4.0% Senior Notes, due 2026 3 3 3 2.95% Senior Notes, due 2027 4 497 497 2.45% Senior Notes, due 2027 5 1,240 1,240 4.75% Senior Notes, due 2028 6 807 810 4.25% Senior Notes, due 2029 7 1,014 1,016 2.5% Senior Notes, due 2029 8 497 497 2.70% Sustainability-Linked Senior Notes, due 2029 9 1,236 1,236 1.25% Senior Notes, due 2030 10 595 595 2.90% Senior Notes, due 2032 11 1,475 1,474 5.25% Senior Notes, due 2033 12 743 743 6.55% Senior Notes, due 2037 13 291 291 4.5% Senior Notes, due 2048 14 272 272 3.25% Senior Notes, due 2049 15 590 590 3.70% Senior Notes, due 2052 16 975 975 2.3% Senior Notes, due 2060 17 683 683 3.9% Senior Notes, due 2062 18 486 486 Commercial paper 250 — Total debt 11,705 11,459 Less: short-term debt including current maturities 301 47 Long-term debt $ 11,404 $ 11,412 1 Interest payments are due semiannually on May 1 and November 1. 2 Interest payments are due semiannually on February 15 and August 15. 3 Interest payments are due semiannually on March 1 and September 1. 4 Interest payments are due semiannually on January 22 and July 22, and as of March 31, 2024, the unamortized debt discount and issuance costs total $3 million. 5 Interest payments are due semiannually on March 1 and September 1 and as of March 31, 2024, the unamortized debt discount and issuance costs total $10 million. 6 Interest payments are due semiannually on February 1 and August 1. 7 Interest payments are due semiannually on May 1 and November 1. 8 Interest payments are due semiannually on June 1 and December 1, and as of March 31, 2024, the unamortized debt discount and issuance costs total $3 million. 9 Interest payments are due semiannually on March 1 and September 1 and as of March 31, 2024, the unamortized debt discount and issuance costs total $14 million. 10 Interest payments are due semiannually on February 15 and August 15, and as of March 31, 2024, the unamortized debt discount and issuance costs total $5 million. 11 Interest payments are due semiannually on March 1 and September 1 and as of March 31, 2024, the unamortized debt discount and issuance costs total $25 million. 12 Interest payments are due semiannually on March 15 and September 15, beginning on March 15, 2024, and as of March 31, 2024, the unamortized debt discount and issuance costs total $7 million. 13 Interest payments are due semiannually on May 15 and November 15, and as of March 31, 2024, the unamortized debt discount and issuance costs total $2 million. 14 Interest payments are due semiannually on May 15 and November 15, and as of March 31, 2024, the unamortized debt discount and issuance costs total $11 million. 15 Interest payments are due semiannually on June 1 and December 1, and as of March 31, 2024, the unamortized debt discount and issuance costs total $10 million. 16 Interest payments are d ue semiannually on March 1 and September 1 and as of March 31, 2024, the unamortized debt discount and issuance costs total $25 million. 17 Interest payments are due semiannually on February 15 and August 1 5, and as of March 31, 2024, the unamortized debt discount and issuance costs total $17 million. 18 Interest payments are due semiannually on March 1 and September 1 and as of March 31, 2024, the unamortized debt discount and issuance costs total $14 million.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Location and Fair Value Amounts of Cash Flow Hedges	The following table provides information on the location and fair value amounts of our cash flow hedges and net investment hedges as of March 31, 2024 and December 31, 2023: (in millions) March 31, December 31, Balance Sheet Location 2024 2023 Derivatives designated as cash flow hedges: Prepaid and other current assets Foreign exchange forward contracts $ 7 $ 9 Other current liabilities Foreign exchange forward contracts $ — $ 2 Other non-current assets Interest rate swap contracts $ — $ 134 Derivatives designated as net investment hedges: Other non-current assets Cross currency swaps $ 126 $ — Other non-current liabilities Cross currency swaps $ 109 $ 14
Schedule of Pre-tax Gains (Losses) on Cash Flow Hedges	The following table provides information on the location and amounts of pre-tax gains (losses) on our cash flow hedges and net investment hedges for the three months ended March 31: (in millions) Gain (Loss) recognized in Accumulated Other Comprehensive Loss (effective portion) Location of Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion) Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion) 2024 2023 2024 2023 Cash flow hedges - designated as hedging instruments Foreign exchange forward contracts $ — $ 6 Revenue, Selling and general expenses $ 2 $ — Interest rate swap contracts $ 21 $ (34) Interest expense, net $ — $ (1) Net investment hedges - designated as hedging instruments Cross currency swaps $ 30 $ (9) Interest expense, net $ (1) $ (1)
Schedule of Cash Flow Hedges included in AOCI	The activity related to the change in unrealized gains (losses) in accumulated other comprehensive loss was as follows for the three months ended March 31: (in millions) 2024 2023 Cash Flow Hedges Foreign exchange forward contracts Net unrealized gains on cash flow hedges, net of taxes, beginning of period $ 5 $ — Change in fair value, net of tax 2 4 Reclassification into earnings, net of tax (2) — Net unrealized gains on cash flow hedges, net of taxes, end of period $ 5 $ 4 Interest rate swap contracts Net unrealized gains on cash flow hedges, net of taxes, beginning of period $ 84 $ 48 Change in fair value, net of tax 16 (26) Reclassification into earnings, net of tax — 1 Net unrealized gains on cash flow hedges, net of taxes, end of period $ 100 $ 23 Net Investment Hedges Net unrealized (losses) gains on net investment hedges, net of taxes, beginning of period $ (21) $ 56 Change in fair value, net of tax 21 (8) Reclassification into earnings, net of tax 1 1 Net unrealized gains on net investment hedges, net of taxes, end of period $ 1 $ 49

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
Schedule of Net Periodic Benefit Cost	The components of net periodic benefit cost for our retirement plans and postretirement plans for the three months ended March 31 are as follows: (in millions) 2024 2023 Interest cost $ 17 $ 18 Expected return on assets (24) (25) Amortization of prior service credit / actuarial loss 1 1 Net periodic benefit cost $ (6) $ (6)

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Schedule of Accelerated Share Repurchase Agreements	The terms of each ASR agreement entered into during the three months ended March 31, 2024 and 2023, structured as outlined above, are as follows: (in millions, except average price paid per share) ASR Agreement Initiation Date ASR Agreement Completion Date Initial Shares Delivered Additional Shares Delivered Total Number of Shares Average Price Paid Per Share Total Cash Utilized February 12, 2024 1 1.0 — 1.0 $ — $ 500 February 13, 2023 2 May 5, 2023 1.1 0.3 1.4 $ 341.95 $ 500 1 The ASR agreement was structured as an uncapped ASR agreement in which we paid $500 million and initially received shares valued at 85% of the $500 million at a price equal to the market price of the Company ’ s common stock on February 12, 2024 when the Company received an initial delivery of 1.0 million shares from the ASR program. We completed the ASR agreement on April 12, 2024 and received an additional 0.2 million shares. We repurchased a total of 1.2 million shares under the ASR agreement for an average purchase price of $421.05 per share. The ASR agreement was executed under our 2022 Repurchase Program. 2 The ASR agreement was structured as an uncapped ASR agreement in which we paid $500 million and initially received shares valued at 85% of the $500 million at a price equal to the market price of the Company ’ s common stock on February 13, 2023 when the Company received an initial delivery of 1.1 million shares from the ASR program. We completed the ASR agreement on May 5, 2023 and received an additional 0.3 million shares. The ASR agreement was executed under our 2022 Repurchase Program.
Schedule of Redeemable Noncontrolling Interest Rollforward	Changes to redeemable noncontrolling interests during the three months ended March 31, 2024 were as follows: (in millions) Balance as of December 31, 2023 $ 3,800 Net income attributable to redeemable noncontrolling interests 70 Distributions payable to redeemable noncontrolling interests (49) Redemption value adjustment 1 Other 1 3 Balance as of March 31, 2024 $ 3,825 1 Includes foreign currency translation adjustments.
Schedule of Changes in the Components of Accumulated Other Comprehensive Loss	The following table summarizes the changes in the components of accumulated other comprehensive loss for the three months ended March 31, 2024: (in millions) Foreign Currency Translation Adjustments Pension and Postretirement Benefit Plans Unrealized Gain (Loss) on Cash Flow Hedges Accumulated Other Comprehensive Loss Balance as of December 31, 2023 $ (487) $ (362) $ 86 $ (763) Other comprehensive income (loss) before reclassifications (80) 1 — 18 (62) Reclassifications from accumulated other comprehensive income (loss) to net earnings 1 1 2 (2) 3 — Net other comprehensive income (loss) (79) 1 16 (62) Balance as of March 31, 2024 $ (566) $ (361) $ 102 $ (825) 1 Includes an unrealized gain related to our cross currency swaps. See Note 5 – Derivative Instruments for additional detail of items recognized in accumulated other comprehensive loss. 2 Reflects amortization of net actuarial losses and is net of a tax benefit of less than $1 million for the three months ended March 31, 2024. See Note 6 — Employee Benefits for additional details of items reclassed from accumulated other comprehensive loss to net earnings. 3 See Note 5 — Derivative Instruments for additional details of items reclassified from accumulated other comprehensive loss to net earnings.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Calculation for Basic and Diluted Earnings per Share	The calculation of basic and diluted EPS for the three months ended March 31 is as follows: (in millions, except per share amounts) 2024 2023 Amounts attributable to S&P Global Inc. common shareholders: Net income $ 991 $ 795 Basic weighted-average number of common shares outstanding 313.6 321.3 Effect of stock options and other dilutive securities 0.4 0.8 Diluted weighted-average number of common shares outstanding 314.0 322.1 Earnings per share attributable to S&P Global Inc. common shareholders: Net income: Basic $ 3.16 $ 2.47 Diluted $ 3.16 $ 2.47

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule of Initial Restructuring Charge Recorded and the Ending Reserve Balance	The initial restructuring charge recorded and the ending reserve balance as of March 31, 2024 by segment is as follows: 2024 Restructuring Plan 2023 Restructuring Plan (in millions) Initial Charge Recorded Ending Reserve Balance Initial Charge Recorded Ending Reserve Balance Market Intelligence $ 31 $ 24 $ 90 $ 41 Ratings 1 1 10 5 Commodity Insights — — 26 12 Mobility — — 9 5 Indices 1 1 5 2 Corporate 2 2 43 18 Total $ 35 $ 28 $ 183 $ 83

Segment and Related Informati_2

Segment and Related Information (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Information	A summary of operating results for the three months ended March 31 is as follows: Revenue (in millions) 2024 2023 Market Intelligence $ 1,142 $ 1,071 Ratings 1,062 824 Commodity Insights 559 508 Mobility 386 358 Indices 387 341 Engineering Solutions — 100 Intersegment elimination 1 (45) (42) Total revenue $ 3,491 $ 3,160 Operating Profit (in millions) 2024 2023 Market Intelligence 2 $ 189 $ 229 Ratings 3 679 477 Commodity Insights 4 226 187 Mobility 5 70 64 Indices 6 272 238 Engineering Solutions 7 — 14 Total reportable segments 1,436 1,209 Corporate Unallocated expense 8 (57) (79) Equity in Income on Unconsolidated Subsidiaries 9 6 14 Total operating profit $ 1,385 $ 1,144 1 Revenue for Ratings and expenses for Market Intelligence include an intersegment royalty charged to Market Intelligence for the rights to use and distribute content and data developed by Ratings. 2 Operating profit for 2024 includes employee severance charges of $31 million, IHS Markit merger costs of $11 million and acquisition-related costs of $3 million. Operating profit for 2023 includes a gain on disposition of $46 million, IHS Markit merger costs of $13 million and employee severance charges of $6 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $140 million and $141 million for 2024 and 2023, respectively. 3 Operating profit for 2024 and 2023 includes employee severance charges of $2 million and $1 million, respectively. Additionally, operating profit includes amortization of intangibles from acquisitions of $7 million and $2 million for 2024 and 2023, respectively. 4 Operating profit for 2024 includes IHS Markit merger costs of $5 million. Operating profit for 2023 includes IHS Markit merger costs of $13 million and employee severance charges of $2 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $32 million and $33 million for 2024 and 2023, respectively. 5 Operating profit for 2024 includes IHS Markit merger costs of $1 million. Operating profit for 2023 includes IHS Markit merger costs of $1 million and acquisition-related costs of $1 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $76 million and $74 million for 2024 and 2023, respectively. 6 Operating profit for 2024 includes IHS Markit merger costs of $1 million and employee severance charges of $1 million. Operating profit for 2023 includes a gain on disposition of $4 million, employee severance charges of $1 million and IHS Markit merger costs of $1 million. Additionally, operating profit includes amortization of intangibles from acquisitions of $9 million for 2024 and 2023. 7 Operating profit for 2023 includes amortization of intangibles from acquisitions of $2 million. 8 Corporate Unallocated expense for 2024 includes IHS Markit merger costs of $18 million, employee severance charges of $2 million, acquisition-related costs of $1 million and recovery of lease-related costs of $1 million. Corporate Unallocated expense for 2023 includes IHS Markit merger costs of $37 million, disposition related costs of $13 million, employee severance charges of $1 million and acquisition-related costs of $1 million. Additionally, Corporate Unallocated expense includes amortization of intangibles from acquisitions of $1 million for 2023. 9 Equity in Income on Unconsolidated Subsidiaries includes amortization of intangibles from acquisitions of $14 million for 2024 and 2023. The following table presents our revenue disaggregated by revenue type for the three months ended March 31: (in millions) Market Intelligence Ratings Commodity Insights Mobility Indices Engineering Solutions 1 Intersegment Elimination 2 Total 2024 Subscription $ 947 $ — $ 450 $ 311 $ 70 $ — $ — $ 1,778 Non-subscription / Transaction 54 582 83 75 — — — 794 Non-transaction — 480 — — — — (45) 435 Asset-linked fees — — — — 244 — — 244 Sales usage-based royalties — — 26 — 73 — — 99 Recurring variable revenue 141 — — — — — — 141 Total revenue $ 1,142 $ 1,062 $ 559 $ 386 $ 387 $ — $ (45) $ 3,491 Timing of revenue recognition Services transferred at a point in time $ 54 $ 582 $ 83 $ 75 $ — $ — $ — $ 794 Services transferred over time 1,088 480 476 311 387 — (45) 2,697 Total revenue $ 1,142 $ 1,062 $ 559 $ 386 $ 387 $ — $ (45) $ 3,491 (in millions) Market Intelligence Ratings Commodity Insights Mobility Indices Engineering Solutions 1 Intersegment Elimination 2 Total 2023 Subscription $ 890 $ — $ 409 $ 281 $ 66 $ 94 $ — $ 1,740 Non-subscription / Transaction 56 379 80 77 — 6 — 598 Non-transaction — 445 — — — — (42) 403 Asset-linked fees — — — — 210 — — 210 Sales usage-based royalties — — 19 — 65 — — 84 Recurring variable revenue 125 — — — — — — 125 Total revenue $ 1,071 $ 824 $ 508 $ 358 $ 341 $ 100 $ (42) $ 3,160 Timing of revenue recognition Services transferred at a point in time $ 56 $ 379 $ 80 $ 77 $ — $ 6 $ — $ 598 Services transferred over time 1,015 445 428 281 341 94 (42) 2,562 Total revenue $ 1,071 $ 824 $ 508 $ 358 $ 341 $ 100 $ (42) $ 3,160 1 As of May 2, 2023, we completed the sale of Engineering Solutions and the results are included through that date. 2 Intersegment eliminations primarily consists of a royalty charged to Market Intelligence for the rights to use and distribute content and data developed by Ratings.
Schedule of Revenue by Geographic Region	The following provides revenue by geographic region for the three months ended March 31: (in millions) 2024 2023 U.S. $ 2,150 $ 1,926 European region 776 711 Asia 356 337 Rest of the world 209 186 Total $ 3,491 $ 3,160

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Location and Amounts of Leases	The following table provides information on the location and amounts of our leases on our consolidated balance sheets as of March 31, 2024 and December 31, 2023: (in millions) March 31, December 31, Balance Sheet Location 2024 2023 Assets Right of use assets Lease right of use assets $ 371 $ 379 Liabilities Other current liabilities Current lease liabilities 103 105 Lease liabilities — non-current Non-current lease liabilities 524 541
Schedule of Components of Lease Expense and Supplemental Cash Flow Information	The components of lease expense for the three months ended March 31 are as follows: (in millions) 2024 2023 Operating lease cost $ 34 $ 30 Sublease income (4) (4) Total lease cost $ 30 $ 26 Supplemental information related to leases for the three months ended March 31 are as follows: (in millions) 2024 2023 Cash paid for amounts included in the measurement for operating lease liabilities Operating cash flows for operating leases $ 34 $ 39 Right of use assets obtained in exchange for lease obligations Operating leases 10 —
Schedule of Lease Term and Discount Rate	Weighted-average remaining lease term and discount rate for our operating leases are as follows: March 31, December 31, 2024 2023 Weighted-average remaining lease term (years) 6.1 6.0 Weighted-average discount rate 3.58 % 3.46 %
Schedule of Maturities of Operating Lease Liabilities	Maturities of lease liabilities for our operating leases are as follows: (in millions) 2024 (Excluding the three months ended March 31, 2024) $ 95 2025 114 2026 107 2027 99 2028 77 2029 and beyond 221 Total undiscounted lease payments $ 713 Less: Imputed interest 86 Present value of lease liabilities $ 627

Nature of Operations and Basi_4

Nature of Operations and Basis of Presentation - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Number of reportable segments | segment	5
Restricted cash	$ 1	$ 1
Contract asset	77	75
Unearned revenue	1,400
Capitalized contract costs	$ 234	$ 234
Amortization period of capitalized contract cost	5 years
OSTTRA | Corporate Joint Venture
Business Acquisition [Line Items]
Investment in joint venture percentage	50%
Noncontrolling interest ownership by noncontrolling owners percentage	50%

Nature of Operations and Basi_5

Nature of Operations and Basis of Presentation - Remaining Performance Obligations (Details) $ in Billions	Mar. 31, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 4.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 | 12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	60%
Period of recognition for remaining performance obligation	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 | 24 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	85%
Period of recognition for remaining performance obligation	24 months

Nature of Operations and Basi_6

Nature of Operations and Basis of Presentation - Schedule of Components of Other (Income) Expense, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other components of net periodic benefit cost	$ (6)	$ (6)
Net (gain) loss from investments	(3)	17
Other (income) expense, net	$ (9)	$ 11

Acquisitions and Divestitures -

Acquisitions and Divestitures - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Business Acquisition [Line Items]
Pre-tax gain (loss) on sale	$ 0	$ 50
Disposal Group, Disposed of by Sale, Not Discontinued Operations | LCD
Business Acquisition [Line Items]
Pre-tax gain (loss) on sale		50
Disposal Group, Disposed of by Sale, Not Discontinued Operations | LCD | Market Intelligence
Business Acquisition [Line Items]
Pre-tax gain (loss) on sale		46
Gain (loss) on disposition after tax		34
Disposal Group, Disposed of by Sale, Not Discontinued Operations | LCD | Indices
Business Acquisition [Line Items]
Pre-tax gain (loss) on sale		4
Gain (loss) on disposition after tax		$ 3

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Schedule of Components of Assets and Liabilities Held for Sale (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Pre-tax gain (loss) on sale	$ 0	$ 50
Held for sale
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Accounts Receivable, net	13		$ 0
Goodwill	46		0
Other assets	1		0
Assets of a business held for sale	60		0
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Accounts payable and accrued expenses	6		0
Unearned revenue	4		0
Liabilities of a business held for sale	10		$ 0
Sale
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Operating profit (loss)	$ (3)	15
Sale | LCD
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Pre-tax gain (loss) on sale		$ 50

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate (as a percent)	18.80%	17.90%
Unrecognized tax benefits	$ 225		$ 230
Accrued interest and penalties associated with unrecognized tax benefits	52		$ 50
Reduction of unrecognized tax benefits is reasonably possible	$ 12

Debt - Schedule of Short-term a

Debt - Schedule of Short-term and Long-term Debt Outstanding (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total debt	$ 11,705	$ 11,459
Less: short-term debt including current maturities	301	47
Long-term debt	$ 11,404	11,412
Senior Notes | 3.625% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate	3.625%
Total debt	$ 47	47
Senior Notes | 4.75% Senior Notes due 2025
Debt Instrument [Line Items]
Stated interest rate	4.75%
Total debt	$ 4	4
Senior Notes | 4.00% Senior Notes due 2026
Debt Instrument [Line Items]
Stated interest rate	4%
Total debt	$ 3	3
Senior Notes | 2.95% Senior Notes due 2027
Debt Instrument [Line Items]
Stated interest rate	2.95%
Total debt	$ 497	497
Unamortized debt discount and issuance costs	$ 3
Senior Notes | 2.45% Senior Notes due 2027
Debt Instrument [Line Items]
Stated interest rate	2.45%
Total debt	$ 1,240	1,240
Unamortized debt discount and issuance costs	$ 10
Senior Notes | 4.75% Senior Notes due 2028
Debt Instrument [Line Items]
Stated interest rate	4.75%
Total debt	$ 807	810
Senior Notes | 4.25% Senior Notes due 2029
Debt Instrument [Line Items]
Stated interest rate	4.25%
Total debt	$ 1,014	1,016
Senior Notes | 2.5% Senior Notes due 2029
Debt Instrument [Line Items]
Stated interest rate	2.50%
Total debt	$ 497	497
Unamortized debt discount and issuance costs	$ 3
Senior Notes | 2.7% Sustainability-Linked Senior Notes, due 2029
Debt Instrument [Line Items]
Stated interest rate	2.70%
Total debt	$ 1,236	1,236
Unamortized debt discount and issuance costs	$ 14
Senior Notes | 1.25% Senior Notes due 2030
Debt Instrument [Line Items]
Stated interest rate	1.25%
Total debt	$ 595	595
Unamortized debt discount and issuance costs	$ 5
Senior Notes | 2.90% Senior Notes due 2032
Debt Instrument [Line Items]
Stated interest rate	2.90%
Total debt	$ 1,475	1,474
Unamortized debt discount and issuance costs	$ 25
Senior Notes | 5.25% Senior Notes due 2033
Debt Instrument [Line Items]
Stated interest rate	5.25%
Total debt	$ 743	743
Unamortized debt discount and issuance costs	$ 7
Senior Notes | 6.55% Senior Notes due 2037
Debt Instrument [Line Items]
Stated interest rate	6.55%
Total debt	$ 291	291
Unamortized debt discount and issuance costs	$ 2
Senior Notes | 4.5% Senior Notes due 2048
Debt Instrument [Line Items]
Stated interest rate	4.50%
Total debt	$ 272	272
Unamortized debt discount and issuance costs	$ 11
Senior Notes | 3.25% Senior Notes due 2049
Debt Instrument [Line Items]
Stated interest rate	3.25%
Total debt	$ 590	590
Unamortized debt discount and issuance costs	$ 10
Senior Notes | 3.70% Senior Notes due 2052
Debt Instrument [Line Items]
Stated interest rate	3.70%
Total debt	$ 975	975
Unamortized debt discount and issuance costs	$ 25
Senior Notes | 2.3% Senior Notes due 2060
Debt Instrument [Line Items]
Stated interest rate	2.30%
Total debt	$ 683	683
Unamortized debt discount and issuance costs	$ 17
Senior Notes | 3.9% Senior Notes due 2062
Debt Instrument [Line Items]
Stated interest rate	3.90%
Total debt	$ 486	486
Unamortized debt discount and issuance costs	14
Commercial paper
Debt Instrument [Line Items]
Total debt	$ 250	$ 0

Debt - Narrative (Details)

Debt - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) performance_indicator	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Long-term debt, fair value	$ 10,100,000,000	$ 10,300,000,000
Commercial paper, at carrying value	$ 250,000,000	$ 0
Indebtedness to cash flow (not greater than)	4
Revolving Credit Facility
Debt Instrument [Line Items]
Performance indicators | performance_indicator	3
Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 2,000,000,000
Credit facility term	5 years
Commitment fee	0.08%

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Foreign exchange forward contracts | Revenue, Selling and general expenses
Derivative [Line Items]
Derivative net gain (loss)	$ (37)	$ 29
Interest rate swap contracts
Derivative [Line Items]
Unrealized gain on cash flow hedges	155
Fair Value Hedging | Not Designated as Hedging Instrument | Foreign exchange forward contracts
Derivative [Line Items]
Aggregate notional value	2,900		$ 2,600
Fair Value Hedging | Not Designated as Hedging Instrument | Foreign exchange forward contracts | Prepaid and other current assets
Derivative [Line Items]
Aggregate notional value	7		69
Fair Value Hedging | Not Designated as Hedging Instrument | Foreign exchange forward contracts | Other current liabilities
Derivative [Line Items]
Aggregate notional value	15		1
Net Investment Hedges | Cross currency swaps
Derivative [Line Items]
Net interest income (expense)	8	$ (9)
Net Investment Hedges | Designated as Hedging Instrument | Cross currency swaps
Derivative [Line Items]
Aggregate notional value	1,500		1,500
Cash Flow Hedges | Designated as Hedging Instrument | Foreign exchange forward contracts
Derivative [Line Items]
Aggregate notional value	$ 540		$ 529
Maturity of derivatives	24 months		24 months
Pre-tax gain expected to be reclassified into earnings within the next twelve months	$ 6
Cash Flow Hedges | Designated as Hedging Instrument | Interest rate swap contracts
Derivative [Line Items]
Terminated derivative, notional amount	813
Derivative, cash received on hedge	$ 155

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Location and Fair Value Amounts of Cash Flow Hedges (Details) - Designated as Hedging Instrument - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Cash Flow Hedges | Foreign exchange forward contracts | Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivatives	$ 7	$ 9
Cash Flow Hedges | Foreign exchange forward contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivatives	0	2
Cash Flow Hedges | Interest rate swap contracts | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivatives	0	134
Net Investment Hedges | Cross currency swaps | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivatives	126	0
Net Investment Hedges | Cross currency swaps | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivatives	$ 109	$ 14

Derivative Instruments - Sche_2

Derivative Instruments - Schedule of Pre-tax Gains (Losses) on Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in Accumulated Other Comprehensive Loss (effective portion)	$ 16	$ (21)
Designated as Hedging Instrument | Foreign exchange forward contracts | Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in Accumulated Other Comprehensive Loss (effective portion)	0	6
Designated as Hedging Instrument | Foreign exchange forward contracts | Cash Flow Hedges | Revenue, Selling and general expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)	2	0
Designated as Hedging Instrument | Interest rate swap contracts | Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in Accumulated Other Comprehensive Loss (effective portion)	21	(34)
Designated as Hedging Instrument | Interest rate swap contracts | Cash Flow Hedges | Interest expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)	0	(1)
Designated as Hedging Instrument | Cross currency swaps | Net Investment Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in Accumulated Other Comprehensive Loss (effective portion)	30	(9)
Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)	$ (1)	$ (1)

Derivative Instruments - Sche_3

Derivative Instruments - Schedule of Cash Flow Hedges included in AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	$ 34,300	$ 36,477
Change in fair value, net of tax	(62)
Reclassification into earnings, net of tax	0
Ending Balance	34,424	36,370
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	5	0
Change in fair value, net of tax	2	4
Reclassification into earnings, net of tax	(2)	0
Ending Balance	5	4
Interest rate swap contracts
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	84	48
Change in fair value, net of tax	16	(26)
Reclassification into earnings, net of tax	0	1
Ending Balance	100	23
Net Investment Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(21)	56
Change in fair value, net of tax	21	(8)
Reclassification into earnings, net of tax	1	1
Ending Balance	$ 1	$ 49

Employee Benefits - Schedule of

Employee Benefits - Schedule of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Retirement Benefits [Abstract]
Interest cost	$ 17	$ 18
Expected return on assets	(24)	(25)
Amortization of prior service credit / actuarial loss	1	1
Net periodic benefit cost	$ (6)	$ (6)

Employee Benefits - Narrative (

Employee Benefits - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Retirement Benefits [Abstract]
Contribution towards retirement plans	$ 3
Expected contributions towards retirement plans, remainder of the year	$ 8

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - Restricted Stock and Unit Awards - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 33	$ 46
Restricted stock and unit awards granted in period (shares)	0.4
Weighted-average grant fate fair value (USD per share)	$ 422.70
Unrecognized compensation expense	$ 259
Weighted average recognition period	1 year 7 months 6 days

Equity - Dividends and Stock Re

Equity - Dividends and Stock Repurchases (Details) $ / shares in Units, $ in Millions		1 Months Ended	3 Months Ended
	Jan. 23, 2024 $ / shares	Feb. 29, 2024 shares	Mar. 31, 2024 USD ($) transaction $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares	Jun. 22, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends declared per common share (USD per share) | $ / shares	$ 0.91		$ 0.91	$ 0.90
Remaining shares available under repurchase program (shares)			17,400,000
ARS agreement transactions | transaction			2
Shares delivered and purchased (shares)			1,200,000
Stock repurchased during period (shares)			1,000,000
Payments for repurchase of stock | $			$ 500	$ 500
Uncapped ASR, December 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares delivered and purchased (shares)		200,000
2022 Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized for repurchase (shares)					30,000,000
Shares authorized for repurchase, compared to total common stock outstanding (as a percent)					9%
Stock Repurchases | Uncapped ASR, March 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchased during period (shares)				1,100,000
Payments for repurchase of stock | $				$ 500

Equity - Schedule of Accelerate

Equity - Schedule of Accelerated Share Repurchase Agreements (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions					2 Months Ended	3 Months Ended
	Apr. 12, 2024	Feb. 12, 2024	May 05, 2023	Feb. 13, 2023	Apr. 12, 2024	Mar. 31, 2024	May 05, 2023	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares delivered and purchased (shares)						1.2
Total cash utilized						$ 500		$ 500
Uncapped ASR, February 12, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Average price paid per share (USD per share)						$ 0
Total cash utilized						$ 500
Accelerated share repurchases initial delivery percentage (as a percent)		85%
Uncapped ASR, February 12, 2024 | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total cash utilized					$ 500
Uncapped ASR, February 12, 2024 | Initial Shares Delivered
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares delivered and purchased (shares)		1
Uncapped ASR, February 12, 2024 | Additional Shares Delivered
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares delivered and purchased (shares)						0
Uncapped ASR, February 12, 2024 | Additional Shares Delivered | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares delivered and purchased (shares)	0.2
Uncapped ASR, February 12, 2024 | Total Number of Shares Purchased
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares delivered and purchased (shares)						1
Uncapped ASR, February 12, 2024 | Total Number of Shares Purchased | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares delivered and purchased (shares)					1.2
Average purchase price (USD per share)					$ 421.05
Uncapped ASR, February 13, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Average price paid per share (USD per share)							$ 341.95
Total cash utilized							$ 500
Accelerated share repurchases initial delivery percentage (as a percent)				85%
Uncapped ASR, February 13, 2023 | Initial Shares Delivered
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares delivered and purchased (shares)				1.1
Uncapped ASR, February 13, 2023 | Additional Shares Delivered
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares delivered and purchased (shares)			0.3
Uncapped ASR, February 13, 2023 | Total Number of Shares Purchased
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares delivered and purchased (shares)							1.4

Equity - Redeemable Noncontroll

Equity - Redeemable Noncontrolling Interests (Details)	3 Months Ended
	Mar. 31, 2024
Noncontrolling Interest [Line Items]
Minimum interest in joint venture (as a percent)	20%
Agreement terms, change of control, put option for minority interest ownership, effective period	15 days
CME Group
Noncontrolling Interest [Line Items]
Noncontrolling interest ownership by noncontrolling owners percentage	27%

Equity - Schedule of Redeemable

Equity - Schedule of Redeemable Noncontrolling Interest Rollforward (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance at beginning of period	$ 3,800
Net income attributable to redeemable noncontrolling interests	70
Distributions payable to redeemable noncontrolling interests	(49)
Redemption value adjustment	1
Other	3
Balance at end of period	$ 3,825

Equity - Schedule of Changes in

Equity - Schedule of Changes in the Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	$ 34,300	$ 36,477
Other comprehensive income (loss) before reclassifications	(62)
Reclassifications from accumulated other comprehensive income (loss) to net earnings	0
Net other comprehensive income (loss)	(62)
Ending Balance	34,424	36,370
Pension and other postretirement benefit plans, tax benefit	0	0
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(763)	(886)
Ending Balance	(825)	$ (861)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(487)
Other comprehensive income (loss) before reclassifications	(80)
Reclassifications from accumulated other comprehensive income (loss) to net earnings	1
Net other comprehensive income (loss)	(79)
Ending Balance	(566)
Pension and Postretirement Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(362)
Other comprehensive income (loss) before reclassifications	0
Reclassifications from accumulated other comprehensive income (loss) to net earnings	1
Net other comprehensive income (loss)	1
Ending Balance	(361)
Pension and other postretirement benefit plans, tax benefit	1
Unrealized Gain (Loss) on Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	86
Other comprehensive income (loss) before reclassifications	18
Reclassifications from accumulated other comprehensive income (loss) to net earnings	(2)
Net other comprehensive income (loss)	16
Ending Balance	$ 102

Earnings Per Share - (Details)

Earnings Per Share - (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Amounts attributable to S&P Global Inc. common shareholders:
Net income	$ 991	$ 795
Basic weighted-average number of common shares outstanding (shares)	313,600,000	321,300,000
Effect of stock options and other dilutive securities (shares)	400,000	800,000
Diluted weighted-average number of common shares outstanding (shares)	314,000,000	322,100,000
Net income: Basic (USD per share)	$ 3.16	$ 2.47
Net income: Diluted (USD per share)	$ 3.16	$ 2.47
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of diluted earnings (shares)	0	0
Restricted Stock and Unit Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of diluted earnings (shares)	900,000	800,000

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) position	Dec. 31, 2023 USD ($)
2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Workforce reduction | position	287
Employee severance charges	$ 35
Restructuring reserve balance	28
Reductions to restructuring reserve	$ 7
2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Workforce reduction | position	1,050
Restructuring reserve balance	$ 83	$ 152
Reductions to restructuring reserve	$ 69

Restructuring - Schedule of Ini

Restructuring - Schedule of Initial Restructuring Charge Recorded and the Ending Reserve Balance (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	$ 35
Ending Reserve Balance	28
2024 Restructuring Plan | Operating Segments | Market Intelligence
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	31
Ending Reserve Balance	24
2024 Restructuring Plan | Operating Segments | Ratings
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	1
Ending Reserve Balance	1
2024 Restructuring Plan | Operating Segments | Commodity Insights
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	0
Ending Reserve Balance	0
2024 Restructuring Plan | Operating Segments | Mobility
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	0
Ending Reserve Balance	0
2024 Restructuring Plan | Operating Segments | Indices
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	1
Ending Reserve Balance	1
2024 Restructuring Plan | Corporate
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	2
Ending Reserve Balance	2
2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	183
Ending Reserve Balance	83	$ 152
2023 Restructuring Plan | Operating Segments | Market Intelligence
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	90
Ending Reserve Balance	41
2023 Restructuring Plan | Operating Segments | Ratings
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	10
Ending Reserve Balance	5
2023 Restructuring Plan | Operating Segments | Commodity Insights
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	26
Ending Reserve Balance	12
2023 Restructuring Plan | Operating Segments | Mobility
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	9
Ending Reserve Balance	5
2023 Restructuring Plan | Operating Segments | Indices
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	5
Ending Reserve Balance	2
2023 Restructuring Plan | Corporate
Restructuring Cost and Reserve [Line Items]
Initial Charge Recorded	43
Ending Reserve Balance	$ 18

Segment and Related Informati_3

Segment and Related Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	5

Segment and Related Informati_4

Segment and Related Information - Schedule of Operating Results by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenue	$ 3,491	$ 3,160
Operating Profit	1,385	1,144
Equity in Income on Unconsolidated Subsidiaries	6	14
Gain (loss) on dispositions	0	50
Amortization of intangibles from acquisitions	264	262
Operating Segments
Segment Reporting Information [Line Items]
Operating Profit	1,436	1,209
Operating Segments | Market Intelligence
Segment Reporting Information [Line Items]
Revenue	1,142	1,071
Operating Profit	189	229
Employee severance charges	31
Acquisition-related costs	3	13
Gain (loss) on dispositions		46
Amortization of intangibles from acquisitions	140	141
Operating Segments | Market Intelligence | IHS Markit
Segment Reporting Information [Line Items]
Employee severance charges		6
Acquisition-related costs	11
Operating Segments | Ratings
Segment Reporting Information [Line Items]
Revenue	1,062	824
Operating Profit	679	477
Employee severance charges	2	1
Amortization of intangibles from acquisitions	7	2
Operating Segments | Commodity Insights
Segment Reporting Information [Line Items]
Revenue	559	508
Operating Profit	226	187
Employee severance charges		2
Amortization of intangibles from acquisitions	32	33
Operating Segments | Commodity Insights | IHS Markit
Segment Reporting Information [Line Items]
Acquisition-related costs	5	13
Operating Segments | Mobility
Segment Reporting Information [Line Items]
Revenue	386	358
Operating Profit	70	64
Acquisition-related costs		1
Amortization of intangibles from acquisitions	76	74
Operating Segments | Mobility | IHS Markit
Segment Reporting Information [Line Items]
Acquisition-related costs	1	1
Operating Segments | Indices
Segment Reporting Information [Line Items]
Revenue	387	341
Operating Profit	272	238
Employee severance charges	1	1
Gain (loss) on dispositions		4
Amortization of intangibles from acquisitions	9	9
Operating Segments | Indices | IHS Markit
Segment Reporting Information [Line Items]
Acquisition-related costs	1	1
Operating Segments | Engineering Solutions
Segment Reporting Information [Line Items]
Revenue	0	100
Operating Profit	0	14
Amortization of intangibles from acquisitions		2
Intersegment Elimination
Segment Reporting Information [Line Items]
Revenue	(45)	(42)
Corporate Unallocated
Segment Reporting Information [Line Items]
Operating Profit	(57)	(79)
Equity in Income on Unconsolidated Subsidiaries	6	14
Employee severance charges	2	1
Acquisition-related costs	1	1
Amortization of intangibles from acquisitions		1
Retention related expenses		13
Amortization of intangibles from acquisitions	14	14
Corporate Unallocated | IHS Markit
Segment Reporting Information [Line Items]
Acquisition-related costs	18	$ 37
Recovery of lease-related costs	$ 1

Segment and Related Informati_5

Segment and Related Information - Schedule of Revenue Disaggregated by Type (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 3,491	$ 3,160
Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	794	598
Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	2,697	2,562
Subscription
Disaggregation of Revenue [Line Items]
Total revenue	1,778	1,740
Non-subscription / Transaction
Disaggregation of Revenue [Line Items]
Total revenue	794	598
Non-transaction
Disaggregation of Revenue [Line Items]
Total revenue	435	403
Asset-linked fees
Disaggregation of Revenue [Line Items]
Total revenue	244	210
Sales usage-based royalties
Disaggregation of Revenue [Line Items]
Total revenue	99	84
Recurring variable revenue
Disaggregation of Revenue [Line Items]
Total revenue	141	125
Operating Segments | Market Intelligence
Disaggregation of Revenue [Line Items]
Total revenue	1,142	1,071
Operating Segments | Market Intelligence | Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	54	56
Operating Segments | Market Intelligence | Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	1,088	1,015
Operating Segments | Market Intelligence | Subscription
Disaggregation of Revenue [Line Items]
Total revenue	947	890
Operating Segments | Market Intelligence | Non-subscription / Transaction
Disaggregation of Revenue [Line Items]
Total revenue	54	56
Operating Segments | Market Intelligence | Non-transaction
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Market Intelligence | Asset-linked fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Market Intelligence | Sales usage-based royalties
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Market Intelligence | Recurring variable revenue
Disaggregation of Revenue [Line Items]
Total revenue	141	125
Operating Segments | Ratings
Disaggregation of Revenue [Line Items]
Total revenue	1,062	824
Operating Segments | Ratings | Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	582	379
Operating Segments | Ratings | Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	480	445
Operating Segments | Ratings | Subscription
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Ratings | Non-subscription / Transaction
Disaggregation of Revenue [Line Items]
Total revenue	582	379
Operating Segments | Ratings | Non-transaction
Disaggregation of Revenue [Line Items]
Total revenue	480	445
Operating Segments | Ratings | Asset-linked fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Ratings | Sales usage-based royalties
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Ratings | Recurring variable revenue
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Commodity Insights
Disaggregation of Revenue [Line Items]
Total revenue	559	508
Operating Segments | Commodity Insights | Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	83	80
Operating Segments | Commodity Insights | Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	476	428
Operating Segments | Commodity Insights | Subscription
Disaggregation of Revenue [Line Items]
Total revenue	450	409
Operating Segments | Commodity Insights | Non-subscription / Transaction
Disaggregation of Revenue [Line Items]
Total revenue	83	80
Operating Segments | Commodity Insights | Non-transaction
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Commodity Insights | Asset-linked fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Commodity Insights | Sales usage-based royalties
Disaggregation of Revenue [Line Items]
Total revenue	26	19
Operating Segments | Commodity Insights | Recurring variable revenue
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Mobility
Disaggregation of Revenue [Line Items]
Total revenue	386	358
Operating Segments | Mobility | Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	75	77
Operating Segments | Mobility | Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	311	281
Operating Segments | Mobility | Subscription
Disaggregation of Revenue [Line Items]
Total revenue	311	281
Operating Segments | Mobility | Non-subscription / Transaction
Disaggregation of Revenue [Line Items]
Total revenue	75	77
Operating Segments | Mobility | Non-transaction
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Mobility | Asset-linked fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Mobility | Sales usage-based royalties
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Mobility | Recurring variable revenue
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Indices
Disaggregation of Revenue [Line Items]
Total revenue	387	341
Operating Segments | Indices | Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Indices | Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	387	341
Operating Segments | Indices | Subscription
Disaggregation of Revenue [Line Items]
Total revenue	70	66
Operating Segments | Indices | Non-subscription / Transaction
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Indices | Non-transaction
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Indices | Asset-linked fees
Disaggregation of Revenue [Line Items]
Total revenue	244	210
Operating Segments | Indices | Sales usage-based royalties
Disaggregation of Revenue [Line Items]
Total revenue	73	65
Operating Segments | Indices | Recurring variable revenue
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Engineering Solutions
Disaggregation of Revenue [Line Items]
Total revenue	0	100
Operating Segments | Engineering Solutions | Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	0	6
Operating Segments | Engineering Solutions | Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	0	94
Operating Segments | Engineering Solutions | Subscription
Disaggregation of Revenue [Line Items]
Total revenue	0	94
Operating Segments | Engineering Solutions | Non-subscription / Transaction
Disaggregation of Revenue [Line Items]
Total revenue	0	6
Operating Segments | Engineering Solutions | Non-transaction
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Engineering Solutions | Asset-linked fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Engineering Solutions | Sales usage-based royalties
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Operating Segments | Engineering Solutions | Recurring variable revenue
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Intersegment Elimination
Disaggregation of Revenue [Line Items]
Total revenue	(45)	(42)
Intersegment Elimination | Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Intersegment Elimination | Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	(45)	(42)
Intersegment Elimination | Subscription
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Intersegment Elimination | Non-subscription / Transaction
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Intersegment Elimination | Non-transaction
Disaggregation of Revenue [Line Items]
Total revenue	(45)	(42)
Intersegment Elimination | Asset-linked fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Intersegment Elimination | Sales usage-based royalties
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Intersegment Elimination | Recurring variable revenue
Disaggregation of Revenue [Line Items]
Total revenue	$ 0	$ 0

Segment and Related Informati_6

Segment and Related Information - Schedule of Revenue by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 3,491	$ 3,160
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	2,150	1,926
European region
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	776	711
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	356	337
Rest of the world
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 209	$ 186

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions		3 Months Ended
	Feb. 02, 2021 plaintiff	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)
Loss Contingencies [Line Items]
Period of lease extension options		15 years
Option to terminate lease, period		1 year
Revenue		$ 3,491	$ 3,160
Basis Capital Investment Group, Investment Losses on Collateralized Debt Obligations
Loss Contingencies [Line Items]
Number of entities | plaintiff	2
CME Group
Loss Contingencies [Line Items]
Noncontrolling interest ownership by noncontrolling owners percentage		27%
S&P DJ Indices | CME Group
Loss Contingencies [Line Items]
Noncontrolling interest ownership by noncontrolling owners percentage		27%
S&P DJ Indices | Related Party
Loss Contingencies [Line Items]
Revenue		$ 48	$ 44
Minimum
Loss Contingencies [Line Items]
Remaining lease terms		1 year
Maximum
Loss Contingencies [Line Items]
Remaining lease terms		11 years

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Location and Amounts of Leases (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Lease right of use assets	$ 371	$ 379
Liabilities
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current	Other Liabilities, Current
Current lease liabilities	$ 103	$ 105
Non-current lease liabilities	$ 524	$ 541

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 34	$ 30
Sublease income	(4)	(4)
Total lease cost	$ 30	$ 26

Commitments and Contingencies_4

Commitments and Contingencies - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash paid for amounts included in the measurement for operating lease liabilities
Operating cash flows for operating leases	$ 34	$ 39
Right of use assets obtained in exchange for lease obligations
Operating leases	$ 10	$ 0

Commitments and Contingencies_5

Commitments and Contingencies - Schedule of Lease Term and Discount Rate (Details)	Mar. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Weighted-average remaining lease term (years)	6 years 1 month 6 days	6 years
Weighted-average discount rate	3.58%	3.46%

Commitments and Contingencies_6

Commitments and Contingencies - Schedule of Maturities of Operating Lease Liabilities (Details) $ in Millions	Mar. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024 (Excluding the three months ended March 31, 2024)	$ 95
2025	114
2026	107
2027	99
2028	77
2029 and beyond	221
Total undiscounted lease payments	713
Less: Imputed interest	86
Present value of lease liabilities	$ 627