CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 1,469	$ 2,384
Short-term investments	41	64
Accounts receivable, net of allowance for credit losses of $31 in 2026 and $29 in 2025	2,044	2,024
Other current assets	660	714
Total current assets	4,214	5,186
Property and equipment, net of accumulated depreciation of $1,626 in 2026 and $1,572 in 2025	735	722
Operating lease right-of-use assets	278	282
Goodwill	6,335	6,368
Intangible assets, net	1,805	1,866
Deferred tax assets, net	249	305
Other assets	1,116	1,101
Total assets	14,732	15,830
Current liabilities:
Accounts payable and accrued liabilities	1,153	1,304
Current portion of operating lease liabilities	94	95
Current portion of long-term debt	576	0
Deferred revenue	1,820	1,582
Total current liabilities	3,643	2,981
Non-current portion of deferred revenue	54	56
Long-term debt	6,387	6,994
Deferred tax liabilities, net	311	315
Uncertain tax positions	164	158
Operating lease liabilities	256	262
Other liabilities	774	859
Total liabilities	11,589	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	1,686	1,676
Retained earnings	18,331	17,853
Treasury stock, at cost; 168,225,834 and 165,359,285 shares of common stock at March 31, 2026 and December 31, 2025, respectively	(16,507)	(14,978)
Accumulated other comprehensive loss	(519)	(500)
Total Moody's shareholders' equity	2,994	4,054
Noncontrolling interests	149	151
Total shareholders' equity	3,143	4,205
Total liabilities, noncontrolling interests and shareholders' equity	14,732	15,830
Series Common Stock
Shareholders' equity:
Common stock
Non Series Common Stock
Shareholders' equity:
Common stock	$ 3	$ 3