Related Party Transactions and Parent Company Investment (Tables)

6 Months Ended

Jun. 30, 2026

Historically, the Company engaged in several transactions with S&P Global. The following table summarizes the

composition and amounts of these transactions with S&P Global.


	Three Months Ended June 30,		Six Months Ended June 30,
(in millions)	2026	2025	2026	2025
Data sharing revenues	$1	$1	$2	$2
Expenses
Data sharing expenses(1)	1	—	1	—
Corporate allocations from Parent(2)	36	24	64	46
Total expenses	$37	$24	$65	$46
Related party loan interest expense, net	4	3	7	7

(1)Data sharing expenses are included in Operating-related expenses within the condensed combined statements of income.

(2)Corporate allocations are included in Selling and general expenses within the condensed combined statements of income. The three and six months

ended June 30, 2026 included $15 million and $22 million, respectively, of transaction costs, and $2 million of severance and other employee

related costs in both periods in 2026.

The components of Parent company investment are as follows:


	Three Months Ended June 30,		Six Months Ended June 30,
(in millions)	2026	2025	2026	2025
Cash pooling and general financing activities	$(1,886)	$(216)	$(1,916)	$(328)
Unbilled corporate allocations	33	24	60	45
Stock-based compensation	5	4	9	9
Assumed income tax payments	42	51	83	93
Net decrease in Parent company investment	$(1,806)	$(137)	$(1,764)	$(181)