XML 136 R16.htm IDEA: XBRL DOCUMENT v3.25.4
PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
Property and equipment, net consisted of:
December 31,
20252024
Office and computer equipment (3 - 10 year estimated useful life)
$322 $400 
Office furniture and fixtures (3 - 10 year estimated useful life)
58 57 
Internal-use computer software (1 - 10 year estimated useful life)
1,649 1,417 
Leasehold improvements and building (4 - 20 year estimated useful life)
265 235 
Total property and equipment, at cost2,294 2,109 
Less: accumulated depreciation and amortization(1,572)(1,453)
Total property and equipment, net$722 $656 
The increase in internal-use computer software in the table above primarily relates to capitalized software development costs pursuant to MA's strategic shift to cloud-based solutions. Depreciation and amortization expense related to the above assets for the years ended December 31, 2025, 2024, and 2023 was $265 million, $233 million, and $175 million, respectively, of which $211 million, $180 million, and $121 million, respectively, related to amortization of internal-use computer software. The amounts for the year ended December 31, 2025 exclude incremental amortization expense of $3 million due to a reduction in the useful life of the internal-use software assets pursuant to the Strategic and Operational Efficiency Restructuring Program, which is included within restructuring expense on the consolidated statement of operations, as more fully discussed in Note 9. The amounts for the year ended December 31, 2024 exclude incremental amortization expense of $26 million associated with internal-use computer software which is presented within charges related to asset abandonment on the consolidated statement of operations, as more fully discussed in Note 22.
On a weighted-average basis, Moody's internal-use computer software has an estimated useful life of approximately 4.4 years.