OTHER BALANCE SHEET AND STATEMENTS OF OPERATIONS INFORMATION (Tables)

9 Months Ended

Sep. 30, 2024

Other Balance Sheet And Statement Of Operations Information [Abstract]

Additional Details Related to Certain Balance Sheet Captions

The following tables contain additional detail related to certain balance sheet captions:


	September 30, 2024		December 31, 2023
Other current assets:
Prepaid taxes	$	73	$	115
Prepaid expenses	168		133
Capitalized costs to obtain and fulfill sales contracts	118		116
Foreign exchange forwards on certain assets and liabilities	17		13

Interest receivable on interest rate and cross currency swaps	51		79
Other	43		33
Total other current assets	$	470	$	489

Other assets:
Investments in non-consolidated affiliates	$	467	$	521
Deposits for real-estate leases	16		16
Indemnification assets related to acquisitions	112		111
Mutual funds, certificates of deposit and money market deposit accounts/funds	113		100
Company owned life insurance (at contract value)	49		47
Capitalized costs to obtain sales contracts	202		196
Derivative instruments designated as accounting hedges	—		3
Pension and other retirement employee benefits	41		41
Other	86		103
Total other assets	$	1,086	$	1,138

Accounts payable and accrued liabilities:
Salaries and benefits	$	130	$	130
Incentive compensation	321		345
Customer credits, advanced payments and advanced billings	136		105

Dividends	17		7
Professional service fees	56		46
Interest accrued on debt	52		83
Accounts payable	50		23
Income taxes	156		108
Pension and other retirement employee benefits	15		15
Accrued royalties	18		24

Restructuring liability	12		35

Derivative instruments designated as accounting hedges	6		—
Interest payable on interest rate and cross currency swaps	52		67
Other	112		88
Total accounts payable and accrued liabilities	$	1,133	$	1,076






































	September 30, 2024		December 31, 2023
Other liabilities:
Pension and other retirement employee benefits	$	199	$	190

Interest accrued on UTPs	45		36
MAKS indemnification provisions	19		19
Income tax liability - non-current portion	12		15
Derivative instruments designated as accounting hedges	327		366

Other	59		50
Total other liabilities	$	661	$	676

Investments in and Advances to Affiliates

The following table provides additional detail regarding Moody's investments in non-consolidated affiliates, as included in other assets in the consolidated balance sheets:


	September 30, 2024		December 31, 2023
Equity method investments (1)	$	131	$	186
Investments measured using the measurement alternative (2)	327		327
Other	9		8
Total investments in non-consolidated affiliates	$	467	$	521
(1) Equity securities in which the Company has significant influence over the investee but does not have a controlling financial interest in accordance with ASC Topic 323.
(2) Equity securities without readily determinable fair value for which the Company has elected to apply the measurement alternative in accordance with ASC Topic 321.

Other Non-Operating

The following table summarizes the components of other non-operating income, net:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
FX (loss) gain (1)	$	—	$	2	$	(7)	$	(29)
Net periodic pension income - non-service and non-interest cost components	9		8		25		26
Income from investments in non-consolidated affiliates	8		9		10		12
Gain on previously held equity method investments (2)	7		—		7		—
Gain on investments	4		—		12		11
Other (3)	(3)		(1)		(2)		11
Total	$	25	$	18	$	45	$	31

(1) The amount for the nine months ended September 30, 2023 includes a $23 million loss recorded pursuant to an immaterial out-of-period adjustment relating to the 2022 fiscal year.

(2) The amounts for the three and nine months ended September 30, 2024 reflect non-cash gains relating to the step-acquisitions of Praedicat and GCR.

(3) The amount for the nine months ended September 30, 2023 includes a benefit of $9 million related to the favorable resolutions of various tax matters.