2021 Q4 Form 10-K Financial Statement

#000105955622000012 Filed on February 22, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $1.539B $1.526B $6.218B
YoY Change 19.3% 12.54% 15.77%
Cost Of Revenue $485.0M $394.0M $1.637B
YoY Change 18.58% 8.24% 10.98%
Gross Profit $1.054B $1.132B $4.581B
YoY Change 19.64% 14.11% 17.58%
Gross Profit Margin 68.49% 74.18% 73.67%
Selling, General & Admin $465.0M $395.0M $1.480B
YoY Change 32.86% 45.76% 20.42%
% of Gross Profit 44.12% 34.89% 32.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $77.00M $61.00M $257.0M
YoY Change 35.09% 8.93% 16.82%
% of Gross Profit 7.31% 5.39% 5.61%
Operating Expenses $542.0M $395.0M $1.480B
YoY Change 33.17% -44.68% 20.42%
Operating Profit $512.0M $676.0M $2.844B
YoY Change 8.02% 5.3% 19.1%
Interest Expense -$8.000M -$53.00M -$171.0M
YoY Change -81.4% 0.0% -16.59%
% of Operating Profit -1.56% -7.84% -6.01%
Other Income/Expense, Net $10.00M -$57.00M -$89.00M
YoY Change -1100.0% 32.56% -44.03%
Pretax Income $516.0M $619.0M $2.755B
YoY Change 29.0% 3.34% 23.6%
Income Tax $89.00M $145.0M $541.0M
% Of Pretax Income 17.25% 23.42% 19.64%
Net Earnings $427.0M $474.0M $2.214B
YoY Change 35.99% 1.5% 24.52%
Net Earnings / Revenue 27.75% 31.06% 35.61%
Basic Earnings Per Share $2.55 $11.88
Diluted Earnings Per Share $2.276M $2.53 $11.78
COMMON SHARES
Basic Shares Outstanding 186.0M shares 186.4M shares
Diluted Shares Outstanding 187.3M shares 187.9M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.902B $2.343B $1.902B
YoY Change -29.45% -9.47% -29.45%
Cash & Equivalents $1.811B $2.239B $1.811B
Short-Term Investments $91.00M $104.0M $91.00M
Other Short-Term Assets $389.0M $323.0M $389.0M
YoY Change 1.57% -3.0% 1.57%
Inventory
Prepaid Expenses $99.00M $98.00M
Receivables $1.720B $1.589B $1.720B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.011B $4.255B $4.011B
YoY Change -11.04% -0.61% -11.04%
LONG-TERM ASSETS
Property, Plant & Equipment $347.0M $301.0M $785.0M
YoY Change 24.82% 6.74% 16.99%
Goodwill $5.999B $5.898B
YoY Change 31.67% 37.74%
Intangibles $2.467B $2.510B
YoY Change 35.25% 46.19%
Long-Term Investments $121.0M $216.0M $532.0M
YoY Change 2.54% 22.03% 164.68%
Other Assets $1.034B $636.0M $748.0M
YoY Change 100.78% 35.9% 45.53%
Total Long-Term Assets $10.67B $10.16B $10.67B
YoY Change 35.05% 37.45% 35.05%
TOTAL ASSETS
Total Short-Term Assets $4.011B $4.255B $4.011B
Total Long-Term Assets $10.67B $10.16B $10.67B
Total Assets $14.68B $14.41B $14.68B
YoY Change 18.3% 23.49% 18.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.00M $30.00M $47.00M
YoY Change 20.51% 15.38% 20.51%
Accrued Expenses $847.0M $734.0M $847.0M
YoY Change 15.4% 46.8% 15.4%
Deferred Revenue $1.249B $1.099B
YoY Change 14.69% 19.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $507.0M
YoY Change
Total Short-Term Liabilities $2.496B $2.793B $2.496B
YoY Change 12.33% 62.29% 12.33%
LONG-TERM LIABILITIES
Long-Term Debt $7.413B $6.969B $7.413B
YoY Change 15.43% 9.52% 15.43%
Other Long-Term Liabilities $438.0M $420.0M $1.367B
YoY Change -25.76% -15.66% -14.46%
Total Long-Term Liabilities $7.851B $7.389B $8.780B
YoY Change 11.97% 7.7% 9.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.496B $2.793B $2.496B
Total Long-Term Liabilities $7.851B $7.389B $8.780B
Total Liabilities $11.76B $11.80B $11.95B
YoY Change 10.5% 18.2% 10.27%
SHAREHOLDERS EQUITY
Retained Earnings $12.76B $12.45B
YoY Change 15.9% 15.24%
Common Stock $885.0M $835.0M
YoY Change 19.92% 18.95%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.51B $10.39B
YoY Change 7.85% 9.35%
Treasury Stock Shares 157.3M shares 157.0M shares
Shareholders Equity $2.727B $2.430B $2.727B
YoY Change
Total Liabilities & Shareholders Equity $14.68B $14.41B $14.68B
YoY Change 18.3% 23.49% 18.3%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $427.0M $474.0M $2.214B
YoY Change 35.99% 1.5% 24.52%
Depreciation, Depletion And Amortization $77.00M $61.00M $257.0M
YoY Change 35.09% 8.93% 16.82%
Cash From Operating Activities $299.0M $436.0M $2.005B
YoY Change -54.56% -14.68% -6.57%
INVESTING ACTIVITIES
Capital Expenditures -$62.00M -$33.00M $139.0M
YoY Change 210.0% 57.14% 34.95%
Acquisitions $2.179B
YoY Change 142.92%
Other Investing Activities -$396.0M -$1.877B -$2.480B
YoY Change 94.12% 20755.56% 154.62%
Cash From Investing Activities -$458.0M -$1.910B -$2.619B
YoY Change 104.46% 6266.67% 143.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $750.0M
YoY Change 49.11%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -257.0M 927.0M -$122.0M
YoY Change -27.4% -872.5% -65.24%
NET CHANGE
Cash From Operating Activities 299.0M 436.0M $2.005B
Cash From Investing Activities -458.0M -1.910B -$2.619B
Cash From Financing Activities -257.0M 927.0M -$122.0M
Net Change In Cash -416.0M -547.0M -$786.0M
YoY Change -620.0% -251.52% -202.75%
FREE CASH FLOW
Cash From Operating Activities $299.0M $436.0M $2.005B
Capital Expenditures -$62.00M -$33.00M $139.0M
Free Cash Flow $361.0M $469.0M $1.866B
YoY Change -46.76% -11.84% -8.66%

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CY2019 mco Cash Paid Resulting In Reduction Of Noncontrolling Interest Ownership
CashPaidResultingInReductionOfNoncontrollingInterestOwnership
12000000 USD
CY2021 mco Payments Of Debt Issuance And Debt Extinguishment Or Debt Prepayment Costs
PaymentsOfDebtIssuanceAndDebtExtinguishmentOrDebtPrepaymentCosts
31000000 USD
CY2020 mco Payments Of Debt Issuance And Debt Extinguishment Or Debt Prepayment Costs
PaymentsOfDebtIssuanceAndDebtExtinguishmentOrDebtPrepaymentCosts
39000000 USD
CY2019 mco Payments Of Debt Issuance And Debt Extinguishment Or Debt Prepayment Costs
PaymentsOfDebtIssuanceAndDebtExtinguishmentOrDebtPrepaymentCosts
18000000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-50000000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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47000000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
765000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
147000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2597000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1832000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1685000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1811000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2597000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1832000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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656000000 USD
CY2019 us-gaap Profit Loss
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CY2019 us-gaap Common Stock Dividends Per Share Declared
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CY2019 us-gaap Dividends
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383000000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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136000000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2019 us-gaap Minority Interest Decrease From Redemptions
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12000000 USD
CY2019 us-gaap Noncontrolling Interest Increase From Business Combination
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17000000 USD
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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991000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
9000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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33000000 USD
CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
1000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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2000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
831000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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831000000 USD
CY2020 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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1778000000 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
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2.24
CY2020 us-gaap Dividends
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424000000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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154000000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2020 us-gaap Minority Interest Decrease From Redemptions
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17000000 USD
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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503000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
78000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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74000000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-10000000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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2000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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6000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
16000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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-49000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1763000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1763000000 USD
CY2021 us-gaap Profit Loss
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2214000000 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
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2.48
CY2021 us-gaap Dividends
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466000000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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175000000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
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-40000000 USD
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
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750000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
18000000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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55000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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5000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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14000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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2000000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2916000000 USD
CY2021 us-gaap Number Of Reportable Segments
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2 segment
CY2021 us-gaap Number Of Reporting Units
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4 reportingUnit
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentration of credit risk principally consist of cash and cash equivalents, short-term investments, trade receivables and derivatives.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company manages its credit risk exposure by allocating its cash equivalents among various money market deposit accounts and certificates of deposits. Short-term investments primarily consist of certificates of deposit as of December 31, 2021 and 2020. The Company manages its credit risk exposure on cash equivalents and short-term investments by limiting the amount it can invest with any single entity. No customer accounted for 10% or more of accounts receivable at December 31, 2021 or 2020.</span></div>
CY2020Q4 mco Number Of Customers Greater Than10 Percent Or More Of Accounts Receivable
NumberOfCustomersGreaterThan10PercentOrMoreOfAccountsReceivable
0 customer
CY2021Q4 mco Number Of Customers Greater Than10 Percent Or More Of Accounts Receivable
NumberOfCustomersGreaterThan10PercentOrMoreOfAccountsReceivable
0 customer
CY2021 us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates.
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6218000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5371000000 USD
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RevenueFromContractWithCustomerExcludingAssessedTax
4829000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6218000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4829000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6218000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4829000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6218000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5371000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4829000000 USD
CY2021 mco Percentage Of Revenues
PercentageOfRevenues
1
CY2020 mco Percentage Of Revenues
PercentageOfRevenues
1
CY2019 mco Percentage Of Revenues
PercentageOfRevenues
1
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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6218000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5371000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4829000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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1187000000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
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1030000000 USD
CY2021 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
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1091000000 USD
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94000000 USD
CY2021 mco Effect Of Exchange Rate On Deferred Revenue
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2021Q4 us-gaap Contract With Customer Liability Current
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CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
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86000000 USD
CY2019Q4 us-gaap Contract With Customer Liability
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1162000000 USD
CY2019 mco Other Comprehensive Income Loss Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassification After Tax
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2000000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
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1029000000 USD
CY2020 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
1007000000 USD
CY2020 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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24000000 USD
CY2020 mco Effect Of Exchange Rate On Deferred Revenue
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23000000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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25000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1187000000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
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1089000000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
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98000000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1075000000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
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923000000 USD
CY2019 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
991000000 USD
CY2019 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
9000000 USD
CY2019 mco Effect Of Exchange Rate On Deferred Revenue
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10000000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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87000000 USD
CY2019Q4 us-gaap Contract With Customer Liability
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CY2019Q4 us-gaap Contract With Customer Liability Current
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1050000000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
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112000000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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186400000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
187600000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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189300000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1500000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1700000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2300000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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187900000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189300000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
191600000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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200000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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200000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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200000 shares
CY2021 us-gaap Accelerated Share Repurchases Final Price Paid Per Share
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180.33
CY2021Q4 us-gaap Cash Surrender Value Of Life Insurance
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37000000 USD
CY2020Q4 us-gaap Cash Surrender Value Of Life Insurance
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17000000 USD
CY2021 us-gaap Interest Income Expense Nonoperating Net
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-171000000 USD
CY2020 us-gaap Interest Income Expense Nonoperating Net
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-205000000 USD
CY2019 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-208000000 USD
CY2021 mco Other Comprehensive Income Loss Cash Flow Hedgeand Net Investment Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossBeforeReclassificationAfterTax
242000000 USD
CY2020 mco Other Comprehensive Income Loss Cash Flow Hedgeand Net Investment Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossBeforeReclassificationAfterTax
-325000000 USD
CY2019 mco Other Comprehensive Income Loss Cash Flow Hedgeand Net Investment Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossBeforeReclassificationAfterTax
26000000 USD
CY2021 mco Other Comprehensive Income Loss Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossReclassificationAfterTax
-1000000 USD
CY2020 mco Other Comprehensive Income Loss Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassification After Tax
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-2000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
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35000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
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50000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
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52000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
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67000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
88000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
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1473000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
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1716000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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1357000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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1206000000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1010000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
928000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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347000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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278000000 USD
CY2021 us-gaap Depreciation Nonproduction
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99000000 USD
CY2020 us-gaap Depreciation Nonproduction
DepreciationNonproduction
96000000 USD
CY2019 us-gaap Depreciation Nonproduction
DepreciationNonproduction
97000000 USD
CY2020Q4 us-gaap Goodwill Gross
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4568000000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
12000000 USD
CY2020Q4 us-gaap Goodwill
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4556000000 USD
CY2021 us-gaap Goodwill Acquired During Period
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1615000000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1615000000 USD
CY2021 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-172000000 USD
CY2021 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-172000000 USD
CY2021Q4 us-gaap Goodwill Gross
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6011000000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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12000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
5999000000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
3734000000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
12000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
3722000000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
626000000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
626000000 USD
CY2020 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
208000000 USD
CY2020 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
208000000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
4568000000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
12000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
4556000000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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2467000000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1824000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
158000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
124000000 USD
CY2019 us-gaap Restructuring Charges
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60000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
103000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
191000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
189000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
185000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
180000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y8M12D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y2M12D
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1563000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
880000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1810000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2755000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2229000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
9000000 USD
CY2021Q4 mco Deferred Tax Assets Accumulated Depreciation And Amortization Non Current
DeferredTaxAssetsAccumulatedDepreciationAndAmortizationNonCurrent
10000000 USD
CY2020Q4 mco Deferred Tax Assets Accumulated Depreciation And Amortization Non Current
DeferredTaxAssetsAccumulatedDepreciationAndAmortizationNonCurrent
2000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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50000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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42000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
101000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
99000000 USD
CY2021Q4 mco Deferred Tax Assets Capitalized Cost
DeferredTaxAssetsCapitalizedCost
33000000 USD
CY2020Q4 mco Deferred Tax Assets Capitalized Cost
DeferredTaxAssetsCapitalizedCost
39000000 USD
CY2021Q4 mco Deferred Tax Assets Operating Lease Liabilities
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134000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
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30000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
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10000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
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3000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Contingencies
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies
86000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Contingencies
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies
98000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
10000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
10000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
11000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
93000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
16000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
745000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
574000000 USD
CY2021Q4 mco Deferred Tax Liabilities Accumulated Depreciation And Amortization Non Current
DeferredTaxLiabilitiesAccumulatedDepreciationAndAmortizationNonCurrent
659000000 USD
CY2020Q4 mco Deferred Tax Liabilities Accumulated Depreciation And Amortization Non Current
DeferredTaxLiabilitiesAccumulatedDepreciationAndAmortizationNonCurrent
468000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
102000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
90000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
31000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
23000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
10000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
10000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
7000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
10000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
12000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
16000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
4000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
8000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
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6000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
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4000000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
831000000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
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629000000 USD
CY2021Q4 mco Deferred Tax Assets Liabilities Net Before Valuation Allowance
DeferredTaxAssetsLiabilitiesNetBeforeValuationAllowance
-86000000 USD
CY2020Q4 mco Deferred Tax Assets Liabilities Net Before Valuation Allowance
DeferredTaxAssetsLiabilitiesNetBeforeValuationAllowance
-55000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
104000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
70000000 USD
CY2017Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Income Tax Expense
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CY2018Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Income Tax Expense
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsIncomeTaxExpense
236000000 USD
CY2017 us-gaap Tax Cuts And Jobs Act Of2017 Measurement Period Adjustment Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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CY2021 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
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CY2021 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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18000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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388000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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353000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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483000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
477000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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495000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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102000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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37000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
35000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
18000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
17000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
22000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
134000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
5000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
81000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
41000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
44000000 USD
CY2021 mco Unrecognized Tax Benefits Decrease Resulting From Divestiture
UnrecognizedTaxBenefitsDecreaseResultingFromDivestiture
0 USD
CY2020 mco Unrecognized Tax Benefits Decrease Resulting From Divestiture
UnrecognizedTaxBenefitsDecreaseResultingFromDivestiture
0 USD
CY2019 mco Unrecognized Tax Benefits Decrease Resulting From Divestiture
UnrecognizedTaxBenefitsDecreaseResultingFromDivestiture
28000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
388000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
483000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
477000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
21000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
34000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
28000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
59000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
113000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
82000000 USD
CY2021Q4 us-gaap Debt Instrument Face Amount
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7521000000 USD
CY2021Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
10000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
48000000 USD
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
50000000 USD
CY2021Q4 us-gaap Long Term Debt
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7413000000 USD
CY2020Q4 us-gaap Debt Instrument Face Amount
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6430000000 USD
CY2020Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-56000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
24000000 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
40000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
6422000000 USD
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
13000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
500000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
500000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
700000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
5821000000 USD
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
7521000000 USD
CY2021 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
185000000 USD
CY2020 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
163000000 USD
CY2019 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
176000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-21000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
34000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
28000000 USD
CY2021 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
16000000 USD
CY2020 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
19000000 USD
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
22000000 USD
CY2021 us-gaap Interest And Other Income
InterestAndOtherIncome
9000000 USD
CY2020 us-gaap Interest And Other Income
InterestAndOtherIncome
11000000 USD
CY2019 us-gaap Interest And Other Income
InterestAndOtherIncome
17000000 USD
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
0 USD
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
0 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1000000 USD
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-171000000 USD
CY2020 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-205000000 USD
CY2019 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-208000000 USD
CY2021 us-gaap Interest Paid
InterestPaid
162000000 USD
CY2020 us-gaap Interest Paid
InterestPaid
132000000 USD
CY2019 us-gaap Interest Paid
InterestPaid
167000000 USD
CY2021 mco Income Tax Expense Benefit From Resolution Of Tax Matters
IncomeTaxExpenseBenefitFromResolutionOfTaxMatters
-45000000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
7413000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
6422000000 USD
CY2021Q4 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
1020000000.00 shares
CY2021Q4 mco Shares Of All Classes Of Stock Par Value
SharesOfAllClassesOfStockParValue
0.01
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
The table below summarizes the Company’s remaining authority under its share repurchase program as of December 31, 2021:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:62.243%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.495%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.496%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Date Authorized</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Amount Authorized</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Remaining Authority</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">February 9, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,000 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,000 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">December 16, 2019</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">81 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total Remaining Authority at December 31, 2021</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,081</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table>
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1081000000 USD
CY2021 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
800000 shares
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.62
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.62
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.56
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.56
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.50
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.50
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