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OTHER BALANCE SHEET AND STATEMENTS OF OPERATIONS INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2025
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, 2025December 31, 2024
Other current assets:
Prepaid taxes$112 $81 
Prepaid expenses188 179 
Capitalized costs to obtain and fulfill sales contracts131 131 
Foreign exchange forwards on certain assets and liabilities2 — 
Interest receivable on interest rate and cross currency swaps59 77 
Assets held-for-sale
32 — 
Other42 47 
Total other current assets$566 $515 
Other assets:
Investments in non-consolidated affiliates$483 $465 
Deposits for real-estate leases17 15 
Indemnification assets related to acquisitions116 109 
Mutual funds, certificates of deposit and money market deposit accounts/funds
106 98 
Company owned life insurance (at contract value)50 48 
Capitalized costs to obtain sales contracts
226 214 
Derivative instruments designated as accounting hedges— 58 
Pension and other retirement employee benefits62 60 
Other75 99 
Total other assets$1,135 $1,166 
Accounts payable and accrued liabilities:
Salaries and benefits$135 $133 
Incentive compensation263 452 
Customer credits, advanced payments and advanced billings129 142 
Dividends14 32 
Professional service fees40 38 
Interest accrued on debt
51 92 
Accounts payable54 53 
Income taxes89 144 
Pension and other retirement employee benefits11 11 
Accrued royalties19 25 
Foreign exchange forwards on certain assets and liabilities4 21 
Restructuring liability36 46 
Derivative instruments designated as accounting hedges4 3 
Interest payable on interest rate and cross currency swaps53 60 
Liabilities held-for-sale
32 — 
Other98 92 
Total accounts payable and accrued liabilities$1,032 $1,344 
September 30, 2025December 31, 2024
Other liabilities:
Pension and other retirement employee benefits$208 $195 
Interest accrued on UTPs63 47 
MAKS indemnification provisions19 19 
Income tax liability - non-current portion— 12 
Derivative instruments designated as accounting hedges570 192 
Other41 52 
Total other liabilities$901 $517 
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, 2025December 31, 2024
Equity method investments (1)
$119 $127 
Investments measured using the measurement alternative (2)
350 328 
Other14 10 
Total investments in non-consolidated affiliates$483 $465 
(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,
2025202420252024
FX gains (losses)
$(7)$— $(10)$(7)
Net periodic pension income - non-service and non-interest cost components
9 9 27 25 
Income from investments in non-consolidated affiliates4 8 18 10 
Gain on previously held equity method investments (1)
— 7 — 7 
Gain on investments
3 4 8 12 
Other
(1)(3)(1)(2)
Total$8 $25 $42 $45 
(1) 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.