v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,467 $ 2,384
Short-term investments 29 64
Accounts receivable, net of allowance for credit losses of $29 in 2026 and $29 in 2025 1,919 2,024
Other current assets 567 714
Total current assets 3,982 5,186
Property and equipment, net of accumulated depreciation of $1,579 in 2026 and $1,572 in 2025 754 722
Operating lease right-of-use assets 504 282
Goodwill 6,318 6,368
Intangible assets, net 1,749 1,866
Deferred tax assets, net 277 305
Other assets 1,091 1,101
Total assets 14,675 15,830
Current liabilities:    
Accounts payable and accrued liabilities 1,086 1,304
Current portion of operating lease liabilities 93 95
Current portion of long-term debt 571 0
Deferred revenue 1,595 1,582
Total current liabilities 3,345 2,981
Non-current portion of deferred revenue 53 56
Long-term debt 6,375 6,994
Deferred tax liabilities, net 292 315
Uncertain tax positions 170 158
Operating lease liabilities 483 262
Other liabilities 791 859
Total liabilities 11,509 11,625
Contingencies
Shareholders' equity:    
Preferred stock, par value $0.01 per share; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Capital surplus 1,753 1,676
Retained earnings 19,027 17,853
Treasury stock, at cost; 169,721,288 and 165,359,285 shares of common stock at June 30, 2026 and December 31, 2025, respectively (17,204) (14,978)
Accumulated other comprehensive loss (554) (500)
Total Moody's shareholders' equity 3,025 4,054
Noncontrolling interests 141 151
Total shareholders' equity 3,166 4,205
Total liabilities, noncontrolling interests and shareholders' equity 14,675 15,830
Series Common Stock    
Shareholders' equity:    
Common stock 0 0
Non Series Common Stock    
Shareholders' equity:    
Common stock $ 3 $ 3