CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 2,384	$ 2,408
Short-term investments	64	566
Accounts receivable, net of allowances for credit losses of $29 in 2025 and $32 in 2024	2,024	1,801
Other current assets	714	515
Total current assets	5,186	5,290
Property and equipment, net of accumulated depreciation of $1,572 in 2025 and $1,453 in 2024	722	656
Operating lease right-of-use assets	282	216
Goodwill	6,368	5,994
Intangible assets, net	1,866	1,890
Deferred tax assets, net	305	293
Other assets	1,101	1,166
Total assets	15,830	15,505
Current liabilities:
Accounts payable and accrued liabilities	1,304	1,344
Current portion of operating lease liabilities	95	102
Current portion of long-term debt	0	697
Deferred revenue	1,582	1,454
Total current liabilities	2,981	3,597
Non-current portion of deferred revenue	56	57
Total long-term debt	6,994	6,731
Deferred tax liabilities, net	315	449
Uncertain tax positions	158	211
Operating lease liabilities	262	216
Other liabilities	859	517
Total liabilities	11,625	11,778
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	1,676	1,451
Retained earnings	17,853	16,071
Treasury stock, at cost; 165,359,285 and 162,593,213 shares of common stock at December 31, 2025 and December 31, 2024, respectively	(14,978)	(13,322)
Accumulated other comprehensive loss	(500)	(638)
Total Moody’s shareholders’ equity	4,054	3,565
Noncontrolling interests	151	162
Total shareholders’ equity	4,205	3,727
Total liabilities and shareholders’ equity	15,830	15,505
Series Common Stock
Shareholders’ equity:
Common stock		0
Common Stock
Shareholders’ equity:
Common stock	$ 3	$ 3