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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