| Years ended December 31 (in millions, except per share data) | 2021 | 2020 | % Change |
|---|---|---|---|
| Revenue | $ 8,297 | $ 7,442 | 11 |
| Adjusted net income (attributable to the Company's common shareholders)* | $ 3,311(a) | $ 2,830(b) | 17 |
| Adjusted diluted earnings per common share* | $ 13.70(a) | $ 11.69(b) | 17 |
| Dividends per common share(c) | $ 3.08 | $ 2.68 | 15 |
| Total assets | $ 15,026 | $ 12,537 | 20 |
| Capital Expenditures (d) | $ 35 | $ 76 | (54) |
| Total debt | $ 4,114 | $ 4,110 | 0 |
| Equity (including redeemable noncontrolling interest) | $ 5,536 | $ 3,352 | 65 |
Cumulative Total Shareholder Return(e)
- (*)Refer to “Reconciliation of Non-GAAP Financial Information” on page 13 of this report for a discussion of the Company’s non-GAAP financial measures.
- (a)Adjusted for the impact of the following items: IHS Markit merger costs of $249 million, employee severance charges of $19 million, gain on dispositions of $11 million, a lease impairment of $3 million, Kensho retention related expense of $2 million, acquisition-related costs of $4 million, recovery of lease-related costs of $2 million, tax expense associated with the re-valuation of deferred tax liabilities related to a UK income tax rate change of $7 million, tax benefit on a loss on the extinguishment of debt in the prior year of $7 million, tax benefit related to prior year divestitures of $1 million and amortization of intangibles from acquisitions of $96 million.
- (b)Adjusted for the 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, tax benefit related to prior year divestitures of $4 million and amortization of intangibles from acquisitions of $123 million.
- (c)Dividends paid were $0.77 per quarter in 2021 and $0.67 per quarter in 2020.
- (d)Includes purchases of property and equipment and additions to technology projects.
- (e)Assumes $100 invested on December 31, 2016 and total return includes reinvestment of dividends through December 31, 2021.
- (f)The peer group consists of the following companies: Moody’s Corporation, CME Group Inc., MSCI Inc., FactSet Research Systems Inc., IHS Markit Ltd., Verisk Analytics, Inc., Intercontinental Exchange, Inc.