Item 6. Selected Financial Data

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Item 6. Selected Financial Data


	Year Ended December 31,
(in millions, except per share data)	2020				2019				2018				2017				2016
Income statement data:
Revenue	$	7,442			$	6,699			$	6,258			$	6,063			$	5,661
Operating profit	3,617				3,226				2,790				2,583				3,341
Income before taxes on income	3,228			1	2,930			2	2,681			3	2,461			4	3,188			5
Provision for taxes on income 6	694				627				560				823				960
Net income attributable to S&P Global Inc.	2,339				2,123				1,958				1,496				2,106
Earnings per share attributable to the S&P Global Inc. common shareholders:
Basic	9.71				8.65				7.80				5.84				8.02
Diluted	9.66				8.60				7.73				5.78				7.94
Dividends per share	2.68				2.28				2.00				1.64				1.44
Operating statistics:
Return on average equity 7	457.8		%		377.5		%		292.6		%		222.3		%		472.0		%
Income before taxes on income as a percent of revenue from operations	43.4		%		43.7		%		42.8		%		40.6		%		56.3		%
Net income from operations as a percent of revenue from operations	34.0		%		34.4		%		33.9		%		27.0		%		39.4		%
Balance sheet data (as of period end):
Working capital 8	$	2,401			$	1,619			$	957			$	1,110			$	1,060
Total assets	12,537				11,348				9,441				9,425				8,669
Total debt 9	4,110				3,948				3,662				3,569				3,564
Redeemable noncontrolling interest	2,781				2,268				1,620				1,352				1,080
Equity	571				536				684				766				701
Number of employees	23,000				22,500				21,200				20,400				20,000

1Includes impact of the following items: loss on the extinguishment of debt of $279 million, lease impairments of $120 million, employee severance charges of $66 million, IHS Markit merger costs of $24 million, a $16 million gain on dispositions, a technology-related impairment charge of $12 million, lease-related costs of $11 million, Kensho retention related expense of $11 million, a pension related charge of $3 million and amortization of intangibles from acquisitions of $123 million.

2Includes the impact of the following items: a pension related charge of $113 million, costs associated with early repayment of our Senior Notes of $56 million, a $49 million gain on dispositions, employee severance charges of $25 million, Kensho retention related expense of $21 million, lease impairments of $11 million, acquisition-related costs of $4 million and amortization of intangibles from acquisitions of $122 million.

3Includes the impact of the following items: legal settlement expenses of $74 million, Kensho retention related expense of $31 million, restructuring charges related to a business disposition and employee severance charges of $25 million, lease impairments of $11 million, a pension related charge of $5 million and amortization of intangibles from acquisitions of $122 million.

4Includes the impact of the following items: legal settlement expenses of $55 million, employee severance charges of $44 million, a charge to exit leased facilities of $25 million, non-cash acquisition and disposition-related adjustments of $15 million, a pension related charge of $8 million, an asset write-off of $2 million and amortization of intangibles from acquisitions of $98 million.

5Includes the impact of the following items: a $1.1 billion gain from our dispositions, a benefit related to net legal settlement insurance recoveries of $10 million, disposition-related costs of $48 million, a technology-related impairment charge of $24 million, employee severance charges of $6 million, a $3 million disposition-related reserve release, an acquisition-related cost of $1 million and amortization of intangibles from acquisitions of $96 million.

6Includes $4 million of tax benefit related to prior year divestitures in 2020 and $149 million of tax expense due to U.S. tax reform, primarily associated with the deemed repatriation of foreign earnings, which was partially offset by a $21 million tax benefit related to prior year divestitures in 2017.

7Includes the impact of the $16 million gain on dispositions in 2020, the $49 million gain on dispositions in 2019 and the $1.1 billion gain on dispositions in 2016.

8Working capital is calculated as current assets less current liabilities.

9Includes short-term debt of $399 million as of December 31, 2017.

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