CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 2,141	$ 1,832
Short-term investments	90	98
Accounts receivable, net of allowance for credit losses of $42 in 2020 and $20 in 2019	1,413	1,419
Other current assets	350	330
Total current assets	3,994	3,679
Property and equipment, net of accumulated depreciation of $853 in 2020 and $839 in 2019	285	292
Operating lease right-of-use assets	437	456
Goodwill	4,122	3,722
Intangible assets, net	1,709	1,498
Deferred tax assets, net	165	229
Other assets	594	389
Total assets	11,306	10,265
Current liabilities:
Accounts payable and accrued liabilities	664	773
Current portion of operating lease liabilities	89	89
Commercial Paper	485	0
Deferred revenue	1,113	1,050
Total current liabilities	2,351	1,912
Non-current portion of deferred revenue	109	112
Long-term debt	6,303	5,581
Deferred tax liabilities, net	424	357
Uncertain tax positions	448	477
Operating lease liabilities	463	485
Other liabilities	403	504
Total liabilities	10,501	9,428
Contingencies (Note 20)	0	0
Redeemable noncontrolling interest	6	6
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	616	642
Retained earnings	10,041	9,656
Treasury stock, at cost; 155,386,192 and 155,215,143 shares of shares of common stock at March 31, 2020 and December 31, 2019	(9,524)	(9,250)
Accumulated other comprehensive loss	(554)	(439)
Total Moody's shareholders' equity	582	612
Noncontrolling interests	217	219
Total shareholders' equity	799	831
Total liabilities, noncontrolling interests and shareholders' equity	11,306	10,265
Series Common Stock
Shareholders' equity:
Common stock	$ 0	$ 0