标普全球 2024年度报告

FORM 10-K ☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year ended December 31, 2024OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromto Commission File Number 1-1023 S&P Global Inc.(Exact name of registrant as specified in its charter) New York13-1026995 (State or other jurisdiction of incorporation ororganization)(I.R.S. Employer Identification No.) 55 Water Street,New York,New York10041 (Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code:212-438-1000 Securities registered pursuant to Section 12(b) of the Act Title of each classTrading SymbolName of exchange on which registered Common Stock — $1 par valueSPGINew York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of theSecurities Act.Yes☐No☐ Indicateby check mark if the Registrant is not required to file reports pursuant to Section 13 orSection 15(d) of the Act.Yes☐No☐ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes☐No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Date Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the Registrant was required to submit such files).Yes☐No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule 12b-2 of the Exchange Act. (Check one): ☐Large accelerated filer☐Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerginggrowth company Table of ContentsIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised accounting standards provided pursuantto Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’sassessment ofthe effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes- 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant included in the filing reflect the correction of an error to previouslyissued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recoveryanalysis of incentive-based compensation received by any of the registrant’s executive officers during therelevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theExchange Act).Yes☐No☐ The aggregate market value of voting stock held by non-affiliates of the Registrant as of the last businessday of the second fiscal quarter ended June 30, 2024, was $139.6 billion, based on the closing price ofthe common stock as reported on the New York Stock Exchange of $446.00 per common share. Forpurposes of this calculation, it is assumed that directors, executive officers and beneficial owners of morethan 10% of the registrant outstanding stock are affiliates. The number of shares of common stock of theRegistrant outstanding as of January 31, 2025 was 307.8 million shares, excluding 7.2 million outstandingcommon shares held by the Markit Group Holdings Limited Employee Benefit Trust. Part III incorporates information by reference from the definitive proxy statement for the 2025 annualmeeting of shareholders. TABLE OF CONTENTS PART IItemPage1Business61A.Risk Factors101B.Unresolved Staff Comments251C.Cybersecurity252Properties253Legal Proceedings254Mine Safety Disclosures25Information about our Executive Officers27 5Market for the Registrant's Common Equity, Related Stockholder Mattersand Issuer Purchases of Equity Securities296[Reserved]317Management’s Discussion and Analysis of Financial Condition andResults of Operations327A.Quantitative and Qualitative Disclosures about Market Risk688.Consolidated Financial Statements and Supplementary Data699.Changes in and Disagreements with Accountants on Accounting andFinancial Disclosure1199A.Controls and Procedures1199B.Othe