Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities. This segment provides ratings in approximately 140 countries. Its ratings are disseminated through press releases to the public through electronic media, including the internet and real-time information systems used by securities traders and investors. This segment has rated approximately 5,000 non-financial corporates; 3,600 financial institutions; 16,000 public finance issuers; 145 sovereigns; 47 supranational institutions; 459 sub-sovereigns; and 1,000 infrastructure and project finance issuers, as well as 9,100 structured finance deals. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets; and offers subscription based research, data, and analytical products comprising credit ratings, credit research, quantitative credit scores and other analytical tools, economic research and forecasts, business intelligence and company information products, commercial real estate data and analytical tools, and on-line and classroom-based training services, as well as credentialing and certification services. It also offers offshore analytical and research services with learning solutions and certification programs; and software solutions, as well as related risk management services. The company was formerly known as Dun and Bradstreet Company and changed its name to Moody's Corporation in September 2000. Moody's Corporation was founded in 1900 and is headquartered in New York, New York.

Moody's Corporation

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Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	2,174	2,408	2,635	2,130	2,278	1,769
Cash and Cash Equivalents
Short-Term Investments	116	566	63	63	57	90
Short-Term Investments
Total Cash and Cash Equivalents	2,290	2,974	2,698	2,193	2,335	1,859
Accounts Receivable	1,776	1,801	1,694	1,659	1,542	1,652
Accounts Receivable, Net
Total Trade Receivables	1,776	1,801	1,694	1,659	1,542	1,652
Other Current Assets	573	515	489	489	513	583
Deferred Tax Assets, Net
Other Current Assets
Assets Held for Sale
Total Current Assets	4,639	5,290	4,881	4,341	4,390	4,094
Total Current Assets
Net Property, Plant & Equipment	915	872	894	880	871	848
Property and Equipment, Net
Operating Lease Right-of-Use Assets
Net Intangible Assets	1,989	1,890	1,930	2,049	2,138	2,210
Intangible Assets, Net
Goodwill	6,481	5,994	5,891	5,956	5,926	5,839
Goodwill
Other Long-Term Assets	1,463	1,459	1,417	1,396	1,366	1,358
Deferred Tax Assets, Net
Other Assets
Total Assets	15,487	15,505	15,013	14,622	14,691	14,349
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	968	1,344	1,000	1,076	877	1,011
Accounts Payable and Accrued Liabilities
Short-Term Debt	—	—	—	—	—	—
Commercial Paper
Current Portion of Long-Term Debt	—	697	688	—	300	—
Current Portion of Long-Term Debt
Current Portion of Leases	101	102	108	108	105	106
Current Portion of Operating Lease Liabilities
Unearned Revenue	1,578	1,454	1,423	1,316	1,385	1,258
Deferred Revenue
Other Current Liabilities	—	—	—	—	—	—
Deferred Tax Liabilities, Net
Liabilities Held for Sale
Total Current Liabilities	2,647	3,597	3,219	2,500	2,667	2,375
Total Current Liabilities
Long-Term Debt	6,967	6,731	6,253	7,001	6,923	7,389
Long-Term Debt
Leases	214	216	254	306	344	368
Operating Lease Liabilities
Other Long-Term Liabilities	1,551	1,234	1,349	1,339	1,445	1,528
Non-Current Portion of Deferred Revenue
Deferred Tax Liabilities, Net
Unrecognized Tax Benefits
Uncertain Tax Positions
Other Liabilities
Total Long-Term Liabilities	8,732	8,181	7,856	8,646	8,712	9,285
Total Liabilities	11,379	11,778	11,075	11,146	11,379	11,660
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Common Stock	3	3	3	3	3	3
Common Stock
Treasury Stock	-14,020	-13,322	-12,410	-12,005	-11,626	-11,513
Treasury Stock, at Cost
Additional Paid-in Capital	1,552	1,451	1,324	1,228	1,124	1,054
Capital Surplus
Accumulated Other Comprehensive Income	-519	-638	-617	-567	-570	-643
Accumulated Other Comprehensive Loss
Retained Earnings	16,933	16,071	15,478	14,659	14,213	13,618
Retained Earnings
Total Common Shareholders' Equity	3,949	3,565	3,778	3,318	3,144	2,519
Total Moody's Shareholders' Equity
Minority Interests and Other	159	162	160	158	168	170
Contingencies
Redeemable Noncontrolling Interest
Noncontrolling Interests
Total Shareholders' Equity	4,108	3,727	3,938	3,476	3,312	2,689
Total Liabilities and Shareholders' Equity	15,487	15,505	15,013	14,622	14,691	14,349
Total Liabilities, Noncontrolling Interests and Shareholders' Equity