...A. As we announced back in April, S&P Global intends to spin its Mobility division into an independent public company. B. And at S&P Global, over 95% of our revenue comes from proprietary benchmarks, data and tools. C. Benchmarks make up the majority of our revenue and over 70% of our operating income. D. Proprietary data and tools make up another 15%. E. And the last category here is services and events at around 5%, and that includes CERAWeek, for example. F. That leaves essentially less than 5% of our revenues that come from what we would characterize as undifferentiated sources. G. Importantly, our investments are going into the 95% plus. H. So over time, we expect less and less of our total revenue to come from this undifferentiated bucket. I. The assets under management in this area have grown tremendously, and we expect that growth to continue. J. In addition to the very strong organic capabilities that we have, we have partnered with Cambridge and Mercer, and we also have our With...
