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OTHER BALANCE SHEET INFORMATION
 12 Months Ended
Dec. 31, 2024
Other Balance Sheet Information [Abstract]  
OTHER BALANCE SHEET INFORMATION OTHER BALANCE SHEET INFORMATION
The following tables contain additional detail related to certain balance sheet captions:
December 31,
20242023
Other current assets:
Prepaid taxes$81 $115 
Prepaid expenses179 133 
Capitalized costs to obtain and fulfill sales contracts131 116 
Foreign exchange forwards on certain assets and liabilities— 13 
Interest receivable on interest rate and cross currency swaps77 79 
Other47 33 
Total other current assets$515 $489 
December 31,
20242023
Other assets:
Investments in non-consolidated affiliates$465 $521 
Deposits for real-estate leases15 16 
Indemnification assets related to acquisitions109 111 
Mutual funds, certificates of deposit and money market deposit accounts/funds
98 100 
Company owned life insurance (at contract value)48 47 
Capitalized costs to obtain sales contracts
214 196 
Derivative instruments designated as accounting hedges58 3 
Pension and other retirement employee benefits60 41 
Other99 103 
Total other assets$1,166 $1,138 
December 31,
20242023
Accounts payable and accrued liabilities:
Salaries and benefits$133 $130 
Incentive compensation452 345 
Customer credits, advanced payments and advanced billings142 105 
Dividends32 7 
Professional service fees38 46 
Interest accrued on debt92 83 
Accounts payable53 23 
Income taxes144 108 
Pension and other retirement employee benefits11 15 
Accrued royalties25 24 
FX forwards on certain assets and liabilities
21 — 
Restructuring liability46 35 
Derivative instruments designated as accounting hedges3 — 
Interest payable on interest rate and cross currency swaps60 67 
Other92 88 
Total accounts payable and accrued liabilities$1,344 $1,076 
December 31,
20242023
Other liabilities:
Pension and other retirement employee benefits$195 $190 
Interest accrued on UTPs47 36 
MAKS indemnification provisions19 19 
Income tax liability – non-current portion12 15 
Derivative instruments designated as accounting hedges192 366 
Other52 50 
Total other liabilities$517 $676 
Investments in non-consolidated 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:
December 31,
20242023
Equity method investments (1)
$127 $186 
Investments measured using the measurement alternative (2)
328 327 
Other10 8 
Total investments in non-consolidated affiliates$465 $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, which is more fully discussed in Note 2.
Moody's holds various investments accounted for under the equity method, the most significant of which is the Company's minority investment in CCXI. Moody's also holds various investments measured using the measurement alternative, the most significant of which is the Company's minority interest in BitSight.
Refer to Note 22 for disclosure on earnings from non-consolidated affiliates, which are included within other non-operating income, net.