QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]


	Three Months Ended
(amounts in millions, except EPS)	March 31		June 30		September 30		December 31
2019
Revenue	$	1,142	$	1,214	$	1,240	$	1,233
Operating income	$	462	$	483	$	549	$	504
Net income attributable to Moody’s	$	373	$	310	$	380	$	359
EPS:
Basic	$	1.96	$	1.64	$	2.01	$	1.91
Diluted	$	1.93	$	1.62	$	1.99	$	1.88
2018
Revenue	$	1,127	$	1,175	$	1,081	$	1,060
Operating income	$	491	$	534	$	467	$	376
Net income attributable to Moody’s	$	373	$	376	$	310	$	251
EPS:
Basic	$	1.95	$	1.96	$	1.62	$	1.31
Diluted	$	1.92	$	1.94	$	1.59	$	1.29

Basic and diluted EPS are computed for each of the periods presented. The number of weighted average shares outstanding changes as common shares are issued pursuant to employee stock-based compensation plans and for other purposes or as shares are repurchased. Therefore, the sum of basic and diluted EPS for each of the four quarters may not equal the full year basic and diluted EPS.

Net Income attributable to Moody’s in the three months ended June 30, 2019 includes a charge of $53 million ($41 million net of tax) relating to the 2018 Restructuring Program.

Net Income attributable to Moody’s in the three months ended September 30, 2018 includes a $65 million net benefit related to the net impact of U.S. tax reform and a $64 million charge related to an increase to non-U.S. UTPs. Net Income attributable to Moody’s in the three months ended December 31, 2018 includes a charge of $49 million ($37 million net of tax) relating to the 2018 Restructuring Program.