$MCO
MOODYS CORP /DE/

2018 Q2 Form 10-Q Financial Statement

#000119312518235267 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $1.175B $1.001B
YoY Change 17.45% 7.71%
Cost Of Revenue $320.2M $284.8M
YoY Change 12.43% 10.0%
Gross Profit $854.9M $715.7M
YoY Change 19.45% 6.82%
Gross Profit Margin 72.75% 71.53%
Selling, General & Admin $270.5M $216.1M
YoY Change 25.17% -5.47%
% of Gross Profit 31.64% 30.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.40M $32.90M
YoY Change 47.11% 5.45%
% of Gross Profit 5.66% 4.6%
Operating Expenses $641.1M $540.4M
YoY Change 18.63% 4.18%
Operating Profit $534.0M $460.1M
YoY Change 16.06% 12.16%
Interest Expense -$53.40M -$49.70M
YoY Change 7.44% 44.9%
% of Operating Profit -10.0% -10.8%
Other Income/Expense, Net -$38.50M $1.900M
YoY Change -2126.32% -106.07%
Pretax Income $495.5M $462.0M
YoY Change 7.25% 21.93%
Income Tax $117.6M $148.4M
% Of Pretax Income 23.73% 32.12%
Net Earnings $376.0M $312.2M
YoY Change 20.44% 22.19%
Net Earnings / Revenue 32.0% 31.2%
Basic Earnings Per Share $1.96 $1.63
Diluted Earnings Per Share $1.94 $1.61
COMMON SHARES
Basic Shares Outstanding 191.9M shares 191.0M shares
Diluted Shares Outstanding 194.4M shares 193.8M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.416B $3.367B
YoY Change -57.94% 66.11%
Cash & Equivalents $1.315B $3.281B
Short-Term Investments $101.0M $86.00M
Other Short-Term Assets $286.9M $275.4M
YoY Change 4.18% 72.56%
Inventory
Prepaid Expenses $83.50M $61.10M
Receivables $1.137B $917.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.840B $4.559B
YoY Change -37.71% 50.46%
LONG-TERM ASSETS
Property, Plant & Equipment $312.2M $329.7M
YoY Change -5.31% 2.07%
Goodwill $3.663B $1.055B
YoY Change 247.34% 0.7%
Intangibles $1.541B $287.1M
YoY Change 436.89% -10.06%
Long-Term Investments $155.0M $115.0M
YoY Change 34.78% 51.32%
Other Assets $259.0M $170.6M
YoY Change 51.82% 7.84%
Total Long-Term Assets $5.912B $1.977B
YoY Change 199.0% -1.87%
TOTAL ASSETS
Total Short-Term Assets $2.840B $4.559B
Total Long-Term Assets $5.912B $1.977B
Total Assets $8.752B $6.536B
YoY Change 33.89% 29.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.50M $25.00M
YoY Change -10.0% -29.78%
Accrued Expenses $337.0M $291.0M
YoY Change 15.81% 15.94%
Deferred Revenue $860.5M
YoY Change
Short-Term Debt $90.00M $0.00
YoY Change
Long-Term Debt Due $299.9M $0.00
YoY Change
Total Short-Term Liabilities $1.844B $1.237B
YoY Change 49.04% 7.92%
LONG-TERM LIABILITIES
Long-Term Debt $4.934B $4.887B
YoY Change 0.96% 42.88%
Other Long-Term Liabilities $625.9M $426.1M
YoY Change 46.89% 5.47%
Total Long-Term Liabilities $5.560B $5.313B
YoY Change 4.65% 38.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.844B $1.237B
Total Long-Term Liabilities $5.560B $5.313B
Total Liabilities $8.292B $7.004B
YoY Change 18.39% 29.36%
SHAREHOLDERS EQUITY
Retained Earnings $8.205B $7.270B
YoY Change 12.86% 2.71%
Common Stock $542.0M $465.5M
YoY Change 16.43% 1.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.199B $8.109B
YoY Change 1.11% 3.67%
Treasury Stock Shares 151.0M shares 151.9M shares
Shareholders Equity $242.9M -$679.8M
YoY Change
Total Liabilities & Shareholders Equity $8.752B $6.536B
YoY Change 33.89% 29.56%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $376.0M $312.2M
YoY Change 20.44% 22.19%
Depreciation, Depletion And Amortization $48.40M $32.90M
YoY Change 47.11% 5.45%
Cash From Operating Activities $385.8M $464.7M
YoY Change -16.98% 68.86%
INVESTING ACTIVITIES
Capital Expenditures -$22.90M -$24.10M
YoY Change -4.98% -13.93%
Acquisitions
YoY Change
Other Investing Activities -$3.900M $45.40M
YoY Change -108.59% -64.83%
Cash From Investing Activities -$26.80M $21.30M
YoY Change -225.82% -78.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -285.3M 623.9M
YoY Change -145.73% -333.41%
NET CHANGE
Cash From Operating Activities 385.8M 464.7M
Cash From Investing Activities -26.80M 21.30M
Cash From Financing Activities -285.3M 623.9M
Net Change In Cash 73.70M 1.110B
YoY Change -93.36% 918.26%
FREE CASH FLOW
Cash From Operating Activities $385.8M $464.7M
Capital Expenditures -$22.90M -$24.10M
Free Cash Flow $408.7M $488.8M
YoY Change -16.39% 61.21%

Facts In Submission

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dei Document Type
DocumentType
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dei Amendment Flag
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dei Document Period End Date
DocumentPeriodEndDate
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Fiscal Period Focus
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dei Trading Symbol
TradingSymbol
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dei Entity Registrant Name
EntityRegistrantName
MOODYS CORP /DE/
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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703700000 USD
us-gaap Repayments Of Commercial Paper
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399400000 USD
us-gaap Repayments Of Commercial Paper
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703700000 USD
us-gaap Proceeds From Stock Plans
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36900000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
39100000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
61500000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
47900000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
81000000 USD
us-gaap Payments For Repurchase Of Common Stock
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134500000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
618900000 USD
us-gaap Increase Decrease In Accounts Receivable
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-17800000 USD
us-gaap Increase Decrease In Accounts Receivable
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16500000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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15900000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-12100000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
193500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
42800000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
92200000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
75300000 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
79100000 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
161600000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
39900000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
299600000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
145200000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1300000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-467600000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1170500000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-21400000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
59600000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
243000000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1229400000 USD
us-gaap Revenue Recognition Completed Contract Method
RevenueRecognitionCompletedContractMethod
<div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Revenue</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > recognition:</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >Revenue is recognized when control of promised goods or services is transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >When contracts with c</font><font style='font-family:Times New Roman;font-size:10pt;' >ustomers contain multiple performance obligations, the Company accounts for individual performance obligations separately if they are distinct. The transaction price is allocated to each distinct performance obligation on a relative SSP basis. The Company </font><font style='font-family:Times New Roman;font-size:10pt;' >determines the SSP by using the price charged for a deliverable when sold separately or uses management&#8217;s best estimate of SSP for goods or services not sold separately based on the maximum number of observable data points, including: internal factors rele</font><font style='font-family:Times New Roman;font-size:10pt;' >vant to its pricing practices such as costs and margin objectives; standalone sales prices of similar products; percentage of the fee charged for a primary product or service relative to a related product or service; and customer segment and geography. Add</font><font style='font-family:Times New Roman;font-size:10pt;' >itional consideration is also given to market conditions such as competitor pricing strategies and market trends.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >Sales, usage-based, value added and other taxes are excluded from revenues.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;text-decoration:underline;margin-left:0pt;' >MIS Revenue</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >In the MIS segment, revenue arrangements are generally</font><font style='font-family:Times New Roman;font-size:10pt;' > comprised of two distinct performance obligations, an initial rating and the related monitoring service. Revenue attributed to initial ratings of issued securities is generally recognized when the rating is delivered to the issuer. Revenue attributed to m</font><font style='font-family:Times New Roman;font-size:10pt;' >onitoring of issuers or issued securities is recognized ratably over the period in which the monitoring is performed, generally one year. In the case of certain structured finance products, primarily CMBS, issuers can elect to pay all of the annual monitor</font><font style='font-family:Times New Roman;font-size:10pt;' >ing fees upfront. These fees are deferred and recognized over the future monitoring periods based on the expected lives of the rated securities.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >MIS arrangements generally have standard contractual terms for which the stated payments are due at conclusion </font><font style='font-family:Times New Roman;font-size:10pt;' >of the ratings process for initial ratings and either upfront or in arrears for monitoring services; and are signed by customers either on a per issue basis or at the beginning of the relationship with the customer. However, customer fee arrangements may b</font><font style='font-family:Times New Roman;font-size:10pt;' >e adjusted for which the Company accounts for as variable consideration at inception</font><font style='font-family:Times New Roman;font-size:10pt;' > using the expected value method based on analysis of similar contracts in the same line of business</font><font style='font-family:Times New Roman;font-size:10pt;' >, which is constrained</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >based on the Company&#8217;s assessment of the </font><font style='font-family:Times New Roman;font-size:10pt;' >realization of the adjustment amount.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >The Company allocates the transaction price within arrangements that include both the initial rating and the related monitoring service based upon the relative SSP of each service. The Company generally uses management</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;s best estimate based on observable pricing points in determining SSP for its initial ratings as the Company rarely provides initial ratings separately without providing related monitoring services. The SSP for monitoring fees in these arrangements are ge</font><font style='font-family:Times New Roman;font-size:10pt;' >nerally based upon directly observable selling prices where the monitoring service is sold separately.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;text-decoration:underline;margin-left:0pt;' >MA Revenue</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >In the MA segment, products and services offered by the Company include hosted research and data subscriptions, installed software subscriptio</font><font style='font-family:Times New Roman;font-size:10pt;' >ns, perpetual installed software licenses and related maintenance, or PCS, and professional services. Subscription and PCS contracts are generally invoiced in advance of the contractual coverage period, which is principally one year, but can range from 3-5</font><font style='font-family:Times New Roman;font-size:10pt;' > years; while perpetual software licenses are generally invoiced upon delivery and professional services are invoiced as those services are provided. Payment terms and conditions vary by contract type, but primarily include a requirement of payment within </font><font style='font-family:Times New Roman;font-size:10pt;' >30 to 60 days.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >Revenue from research, data and other hosted subscriptions is recognized ratably over the related subscription period. A large portion of these services are invoiced in the months of November, December and January.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >Revenue from the sale of a</font><font style='font-family:Times New Roman;font-size:10pt;' > software license, when considered distinct from the related software implementation services, is generally recognized at the time the product master or first copy is delivered or transferred to the customer. However, in instances where the software licens</font><font style='font-family:Times New Roman;font-size:10pt;' >e (perpetual or subscription) and related implementation services are considered to be one combined performance obligation, revenue is recognized on a percentage-of-completion basis (input method) as implementation services are performed over time, which i</font><font style='font-family:Times New Roman;font-size:10pt;' >s consistent with the pattern of recognition for the software implementation services if considered to be a separate distinct performance obligation. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company exercises judgment in determining the level of integration and interdependency between the pro</font><font style='font-family:Times New Roman;font-size:10pt;' >mise to grant the software license and the promise to deliver the related implementation services. This determination influences whether the software license is considered distinct and accounted for separately, or not distinct and accounted for together wi</font><font style='font-family:Times New Roman;font-size:10pt;' >th the implementation services and recognized over time. </font><font style='font-family:Times New Roman;font-size:10pt;' >PCS is generally recognized ratably over the contractual period commencing when the software license is fully delivered. Revenue from installed software subscriptions, which includes PCS, is bifurcat</font><font style='font-family:Times New Roman;font-size:10pt;' >ed into a software license performance obligation and a PCS performance obligation, which follow the patterns of recognition described above.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >For implementation services and other service projects within the ERS and ESA LOBs for which fees are fixed, the C</font><font style='font-family:Times New Roman;font-size:10pt;' >ompany determined </font><font style='font-family:Times New Roman;font-size:10pt;' >progress towards completion is most accurately measured on </font><font style='font-family:Times New Roman;font-size:10pt;' >a percentage-of-completion basis (input method)</font><font style='font-family:Times New Roman;font-size:10pt;' > as this approach utilizes the most directly observable data points and is therefore used to recognize the related revenue. For impl</font><font style='font-family:Times New Roman;font-size:10pt;' >ementation services where price varies based on time expended, a time-based measure of progress towards completion of the performance obligation is utilized.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >Revenue from professional services rendered within the PS LOB is generally recognized as the servi</font><font style='font-family:Times New Roman;font-size:10pt;' >ces are performed</font><font style='font-family:Times New Roman;font-size:10pt;' > over time</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >Products and services offered within the MA segment are sold either stand-alone or together in various combinations. In instances where an arrangement contains multiple performance obligations, the Company accounts for the indi</font><font style='font-family:Times New Roman;font-size:10pt;' >vidual performance obligations separately if they are considered distinct. Revenue is generally allocated to all performance obligations based upon the relative SSP at contract inception. Judgment is often required to determine the SSP for each distinct pe</font><font style='font-family:Times New Roman;font-size:10pt;' >rformance obligation. Revenue is recognized for each performance obligation based upon the conditions for revenue recognition noted above.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >In the MA segment, </font><font style='font-family:Times New Roman;font-size:10pt;' >customers usually pay a fixed fee for the products and services based on signed contracts. </font><font style='font-family:Times New Roman;font-size:10pt;' >However, accounting for variable consideration is applied mainly for: i) estimates for cancellation rights and price concessions and ii) T&amp;M based services.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >The Company estimates the variable consideration associated with cancellation rights and price conc</font><font style='font-family:Times New Roman;font-size:10pt;' >essions based on the expected amount to be provided to customers and reduces the amount of revenue to be recognized. </font><font style='font-family:Times New Roman;font-size:10pt;' >T&amp;M based contracts represent about half of MA&#8217;s service projects within the ERS and ESA LOBs. The Company provides agreed upon services at</font><font style='font-family:Times New Roman;font-size:10pt;' > a contracted daily or hourly rate. The commitment represents a series of goods and services that are substantially the same and have the same pattern of transfer to the customer. As such, if T&amp;M services are sold with other MA products, the Company alloca</font><font style='font-family:Times New Roman;font-size:10pt;' >tes the variable consideration entirely to the T&amp;M performance obligation if the services are sold at standard pricing or at a similar discount level compared to other performance obligations in the same revenue contract. If these criteria are not met, the</font><font style='font-family:Times New Roman;font-size:10pt;' > Company estimates variable consideration for each performance obligation upfront.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >Each form of variable consideration is included in the transaction price only to the extent that it is probable that a significant reversal of any incremental revenue will n</font><font style='font-family:Times New Roman;font-size:10pt;' >ot occur.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;text-decoration:underline;margin-left:0pt;' >Costs to Obtain or Fulfill a Contract with a Customer: </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >Costs incurred to obtain customer contracts, such as sales commissions, are deferred and recorded within other current assets and other assets when such costs are determined to be incrementa</font><font style='font-family:Times New Roman;font-size:10pt;' >l to obtaining a contract, would not have been incurred otherwise and the Company expects to recover those costs. These costs are amortized to expense consistent with the recognition pattern of the related revenue</font><font style='font-family:Times New Roman;font-size:10pt;' > over time</font><font style='font-family:Times New Roman;font-size:10pt;' >. Depending on the line of busine</font><font style='font-family:Times New Roman;font-size:10pt;' >ss to which the contract relates, this may be based upon the average economic life of the products sold or average period for which services are provided, inclusive of anticipated contract renewals. Determining the estimated economic life of the products s</font><font style='font-family:Times New Roman;font-size:10pt;' >old requires judgment with respect to anticipated future technological changes. The Company had a balance of $</font><font style='font-family:Times New Roman;font-size:10pt;' >92.2</font><font style='font-family:Times New Roman;font-size:10pt;' > million in such deferred costs as of </font><font style='font-family:Times New Roman;font-size:10pt;' >June 30, 2018</font><font style='font-family:Times New Roman;font-size:10pt;' > and recognized $</font><font style='font-family:Times New Roman;font-size:10pt;' >8.1</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >million</font><font style='font-family:Times New Roman;font-size:10pt;' > and $16.7 million</font><font style='font-family:Times New Roman;font-size:10pt;' > of relat</font><font style='font-family:Times New Roman;font-size:10pt;' >ed amortization during the three and</font><font style='font-family:Times New Roman;font-size:10pt;' > six</font><font style='font-family:Times New Roman;font-size:10pt;' >-month period</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > ended </font><font style='font-family:Times New Roman;font-size:10pt;' >June 30, 2018</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > respectively,</font><font style='font-family:Times New Roman;font-size:10pt;' > which is included within SG&amp;A expenses in the consolidated statement of operations. Costs incurred to obtain customer contracts are only in the MA segment.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >Costs incurred to </font><font style='font-family:Times New Roman;font-size:10pt;' >fulfill</font><font style='font-family:Times New Roman;font-size:10pt;' > customer contracts, are deferred and recorded within other current assets and </font><font style='font-family:Times New Roman;font-size:10pt;' >other assets when such costs relate directly to a contract</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >generate or enhance</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >resources </font><font style='font-family:Times New Roman;font-size:10pt;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >the Company that will be used in satisfying </font><font style='font-family:Times New Roman;font-size:10pt;' >performance obligations</font><font style='font-family:Times New Roman;font-size:10pt;' > in the future</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and the Company expects to recover those costs.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:36pt;' >The Company capitalizes work-in-process costs for&#160;in-progress&#160;MIS ratings, which is recognized consistent with the rendering of the related services to the customers, as ratings are issued. The Company had a </font><font style='font-family:Times New Roman;font-size:10pt;' >balance of $10.3 million in such deferred costs as of June 30, 2018 and recognized $</font><font style='font-family:Times New Roman;font-size:10pt;' >10.1 </font><font style='font-family:Times New Roman;font-size:10pt;' >million and $19.5 million of amortization of the costs during the three and six-month periods ended June 30, 2018, respectively, which is included within operating exp</font><font style='font-family:Times New Roman;font-size:10pt;' >enses in the consolidated statement of operations.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In addition, within the MA segment, the Company capitalizes royalty costs related to third-party information data providers associated with hosted company information and business intelligence products. </font><font style='font-family:Times New Roman;font-size:10pt;' >Th</font><font style='font-family:Times New Roman;font-size:10pt;' >ese costs are amortized to expense consistent with the recognition pattern of the related revenue over time. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company had a</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >balance of $</font><font style='font-family:Times New Roman;font-size:10pt;' >28.2</font><font style='font-family:Times New Roman;font-size:10pt;' > million in such deferred costs</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >as of </font><font style='font-family:Times New Roman;font-size:10pt;' >June 30, 2018</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >recognized $14.1</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >million </font><font style='font-family:Times New Roman;font-size:10pt;' >and $28.3 million </font><font style='font-family:Times New Roman;font-size:10pt;' >of relat</font><font style='font-family:Times New Roman;font-size:10pt;' >ed amo</font><font style='font-family:Times New Roman;font-size:10pt;' >rtization during the three and six</font><font style='font-family:Times New Roman;font-size:10pt;' >-month period</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > ended </font><font style='font-family:Times New Roman;font-size:10pt;' >June 30, 2018</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > respectively,</font><font style='font-family:Times New Roman;font-size:10pt;' > which is included within operating expenses in the consolidated statement of operations.</font></p></div>
us-gaap Revenues
Revenues
2301800000 USD
us-gaap Direct Operating Costs
DirectOperatingCosts
635100000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14900000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10400000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15900000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2700000 USD
us-gaap Gain Loss On Sale Of Stock In Subsidiary Or Equity Method Investee
GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee
59700000 USD
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-38500000 USD
CY2017Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1900000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-88200000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
495500000 USD
us-gaap Direct Operating Costs
DirectOperatingCosts
560100000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
541600000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
436800000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
97500000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
65400000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2800000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6600000 USD
us-gaap Operating Expenses
OperatingExpenses
1277000000 USD
us-gaap Operating Expenses
OperatingExpenses
1068900000 USD
CY2018Q2 us-gaap Revenues
Revenues
1175100000 USD
CY2017Q2 us-gaap Revenues
Revenues
1000500000 USD
CY2018Q2 us-gaap Direct Operating Costs
DirectOperatingCosts
320200000 USD
CY2017Q2 us-gaap Direct Operating Costs
DirectOperatingCosts
284800000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
270500000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
216100000 USD
CY2018Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
48400000 USD
CY2017Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
32900000 USD
CY2018Q2 us-gaap Business Combination Acquisition Related Costs
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2000000 USD
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us-gaap Derivatives Methods Of Accounting Hedging Derivatives
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Derivative Instruments and Hedging Activities </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ></p></div>
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CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-13500000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3300000 USD
CY2017Q2 mco Derivative Instruments Gain Loss Recognized In Income Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeAmountExcludedFromEffectivenessTestingNet
400000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-100000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
4900000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1100000 USD
CY2017Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
6000000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-4300000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
1200000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1700000 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2018Q2 mco Stable Net Asset Value Public Traded Funds
StableNetAssetValuePublicTradedFunds
1 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1500000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1600000 USD
CY2017Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2200000 USD
CY2018Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
600000 USD
CY2018Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-51900000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
1200000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
700000 USD
CY2018Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
1900000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
2900000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1300000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-2300000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
4900000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
2600000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
7500000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1200000 USD
CY2017Q2 mco Direct Operating Costs Selling General And Administrative Expense
DirectOperatingCostsSellingGeneralAndAdministrativeExpense
500900000 USD
CY2017Q2 mco Adjusted Operating Income
AdjustedOperatingIncome
499600000 USD
CY2018Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1175100000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
2301800000 USD
mco Percentage Of Revenues
PercentageOfRevenues
1 pure
CY2018Q2 mco Percentage Of Revenues
PercentageOfRevenues
1 pure
CY2017Q2 mco Percentage Of Revenues
PercentageOfRevenues
1 pure
mco Percentage Of Revenues
PercentageOfRevenues
1 pure
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.237 pure
CY2017Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.321 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.194 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.278 pure
us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
36000000 USD
us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
28000000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
92600000 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
9200000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-40600000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax
600000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
600000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
1600000 USD
CY2018Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
400000 USD
CY2018Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
1200000 USD
CY2018Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 USD
CY2017Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
600000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
500000 USD
CY2018Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4900000 USD
CY2017Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4700000 USD
CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-309700000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-100000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-6100000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-2800000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-200000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-7500000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
9600000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
9700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
69500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
57100000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
5700000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
6200000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-3300000 USD
CY2018Q2 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
14500000 USD
CY2017Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
3500000 USD
CY2018Q2 us-gaap Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority
173200000 USD
CY2017Q4 us-gaap Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority
232200000 USD
CY2018Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
22500000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
24700000 USD
CY2017Q4 mco Customer Billings And Payments Received In Advance
CustomerBillingsAndPaymentsReceivedInAdvance
22200000 USD
CY2018Q2 mco Customer Billings And Payments Received In Advance
CustomerBillingsAndPaymentsReceivedInAdvance
23200000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
605900000 USD
CY2018Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
631600000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
197700000 USD
CY2017 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
7100000 USD
CY2017 us-gaap Dividends
Dividends
3300000 USD
CY2017 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
1000000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
13000000 USD
CY2017 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-700000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
5600000 USD
us-gaap Dividends
Dividends
1300000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
100000 USD
mco Payments Of Debt Issuance And Debt Extinguishment Or Debt Prepayment Costs
PaymentsOfDebtIssuanceAndDebtExtinguishmentOrDebtPrepaymentCosts
1700000 USD
mco Payments Of Debt Issuance And Debt Extinguishment Or Debt Prepayment Costs
PaymentsOfDebtIssuanceAndDebtExtinguishmentOrDebtPrepaymentCosts
25900000 USD
mco Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P7Y

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