The document summarizes the Academic Ranking of World Universities (ARWU) project. It discusses the history and motivation for ARWU, its methodology using objective indicators and third-party data, results showing rankings and distributions of universities by country, and impact through use by other organizations and media coverage. It also outlines limitations of rankings and ideas for improving and diversifying ARWU in the future such as adding new subject rankings, indicators, and specialized or regional rankings.