v3.26.1
OTHER BALANCE SHEET AND STATEMENTS OF OPERATIONS INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
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:
June 30, 2026December 31, 2025
Other current assets:
Prepaid taxes$69 $139 
Prepaid expenses172 184 
Capitalized costs to obtain and fulfill sales contracts146 143 
Foreign exchange forwards on certain assets and liabilities1 9 
Interest receivable on interest rate and cross currency swaps75 95 
Assets held-for-sale
— 98 
Contingent consideration receivable(1)
40 — 
Other64 46 
Total other current assets$567 $714 
Other assets:
Investments in non-consolidated affiliates$483 $489 
Deposits for real-estate leases15 16 
Indemnification assets related to acquisitions36 35 
Mutual funds, certificates of deposit and money market deposit accounts/funds
103 110 
Company owned life insurance (at contract value)50 50 
Capitalized costs to obtain sales contracts
257 253 
Derivative instruments designated as accounting hedges5 — 
Pension and other retirement employee benefits81 74 
Other61 74 
Total other assets$1,091 $1,101 
Accounts payable and accrued liabilities:
Salaries and benefits$152 $126 
Incentive compensation214 390 
Customer credits, advanced payments and advanced billings140 163 
Dividends11 8 
Professional service fees43 49 
Interest accrued on debt
77 86 
Accounts payable48 62 
Income taxes160 146 
Reserve for international non-income tax obligation
16 — 
Pension and other retirement employee benefits9 9 
Accrued royalties15 20 
Foreign exchange forwards on certain assets and liabilities18 — 
Restructuring liability43 41 
Interest payable on interest rate and cross currency swaps49 66 
Liabilities held-for-sale
— 36 
Other91 102 
Total accounts payable and accrued liabilities$1,086 $1,304 
(1) Represents the portion of contingent consideration related to the sale of the MA Regulatory Solutions business that became realizable in the second quarter of 2026, as discussed further in the "Gain on business divestitures" section below.
June 30, 2026December 31, 2025
Other liabilities:
Pension and other retirement employee benefits$212 $216 
Interest accrued on UTPs50 43 
MAKS indemnification provisions19 19 
Derivative instruments designated as accounting hedges469 540 
Other41 41 
Total other liabilities$791 $859 
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:
June 30, 2026December 31, 2025
Equity method investments (1)
$112 $121 
Investments measured using the measurement alternative (2)
350 350 
Other21 18 
Total investments in non-consolidated affiliates$483 $489 
(1) Equity securities in which the Company has significant influence over the investee but does not have a controlling financial interest in accordance with ASC Topic 323.
(2) Equity securities without readily determinable fair value for which the Company has elected to apply the measurement alternative in accordance with ASC Topic 321.
Other Non-Operating
The following table summarizes the components of other non-operating income, net:
Three months ended June 30,Six Months Ended June 30,
2026202520262025
FX (losses) gains$(9)$2 $(15)$(3)
Net periodic pension income - non-service and non-interest cost components
10 9 19 18 
Income from investments in non-consolidated affiliates— 3 14 14 
Gain on investments
4 2 7 5 
Other
(3)(1)(9)— 
Total$2 $15 $16 $34