CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,832	$ 1,685
Short-term investments	98	133
Accounts receivable, net of allowances of $43 in 2019 and $43 in 2018	1,419	1,287
Other current assets	330	282
Total current assets	3,679	3,387
Property and equipment, net	292	320
Operating lease right-of-use assets	456
Goodwill	3,722	3,781
Intangible assets, net	1,498	1,566
Deferred tax assets, net	229	197
Other assets	389	275
Total assets	10,265	9,526
Current liabilities:
Accounts payable and accrued liabilities	773	696
Current portion of operating lease liabilities	89
Current portion of long-term debt	0	450
Deferred revenue	1,050	953
Total current liabilities	1,912	2,099
Non-current portion of deferred revenue	112	122
Long-term debt	5,581	5,226
Deferred tax liabilities, net	357	352
Uncertain tax positions	477	495
Operating lease liabilities	485
Other liabilities	504	576
Total liabilities	9,428	8,870
Contingencies (Note 22)
Redeemable noncontrolling interest	6	0
Shareholders’ equity:
Preferred stock, par value $.01 per share; 10,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock	3	3
Capital surplus	642	601
Retained earnings	9,656	8,594
Treasury stock, at cost; 155,215,143 and 151,598,695 shares of common stock at December 31, 2019 and December 31, 2018, respectively	(9,250)	(8,313)
Accumulated other comprehensive loss	(439)	(426)
Total Moody’s shareholders’ equity	612	459
Noncontrolling interests	219	197
Total shareholders’ equity	831	656
Total liabilities, redeemable noncontrolling interest and shareholders’ equity	10,265	9,526
Series Common Stock
Shareholders’ equity:
Common stock	$ 0	$ 0