Equity (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Accelerated Share Repurchase Agreements

The terms of each ASR agreement entered into during the three months ended March 31, 2026 and 2025, 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 Purchased	Average Price Paid Per Share		Total Cash Utilized
February 12, 2026 1	March 12, 2026	2.0	0.3	2.3	$	426.70	$	1,000


February 19, 2025 2	May 6, 2025	1.0	0.3	1.3	$	491.12	$	650

1 The ASR agreement was structured as an uncapped ASR agreement in which we paid $1 billion and initially received shares valued at 80% of the $1 billion at a price equal to the market price of the Company’s common stock on February 12, 2026. The Company received an initial delivery of 2.0 million shares from the ASR program. We completed the ASR agreement on March 12, 2026 and received an additional 0.3 million shares. The ASR agreement was executed under our 2025 and 2022 Repurchase Programs.

2 The ASR agreement was structured as an uncapped ASR agreement in which we paid $650 million and initially received shares valued at 80% of the $650 million at a price equal to the market price of the Company’s common stock on February 19, 2025. The Company received an initial delivery of 1.0 million shares from the ASR program. We completed the ASR agreement on May 6, 2025 and received an additional 0.3 million shares. The ASR agreement was executed under our 2022 Repurchase Program.

Schedule of Redeemable Noncontrolling Interests

Changes to redeemable noncontrolling interests during the three months ended March 31, 2026 were as follows:


(in millions)
Balance as of December 31, 2025	$	4,917
Net income attributable to redeemable noncontrolling interests	100


Distributions payable to redeemable noncontrolling interests	(61)

Redemption value adjustment	(31)
Other 1	(8)
Balance as of March 31, 2026 2	$	4,917

1 Includes foreign currency translation adjustments.

2 As of March 31, 2026, $4,914 million relates to our redeemable noncontrolling interest in the Indices business.

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:


(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, 2025	$	(403)		$	(386)		$	92		$	(697)
Other comprehensive income (loss) before reclassifications	(33)		1	—			(10)			(43)
Reclassifications from accumulated other comprehensive income (loss) to net earnings	1			2		2	1		3	4
Net other comprehensive income	(32)			2			(9)			(39)

Balance as of March 31, 2026	$	(435)		$	(384)		$	83		$	(736)

1Includes 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.

2Reflects amortization of net actuarial losses and is net of a tax expense of less than $1 million for the three months ended March 31, 2026. See Note 6 — Employee Benefits for additional details of items reclassed from accumulated other comprehensive loss to net earnings.

3See Note 5 — Derivative Instruments for additional details of items reclassified from accumulated other comprehensive loss to net earnings.