XML 89 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 1,435 $ 1,214 $ 2,725 $ 2,356
Expenses        
Operating 362 340 702 682
Selling, general and administrative 307 275 608 556
Restructuring (2) 53 (3) 59
Depreciation and amortization 58 52 107 102
Acquisition-Related Expenses 0 2 0 3
Loss pursuant to the divestiture of MAKS 0 9 9 9
Total expenses 725 731 1,423 1,411
Operating income 710 483 1,302 945
Non-operating (expense) income, net        
Interest expense, net (60) (51) (100) (103)
Other non-operating income, net 16 0 28 2
Total non-operating expense, net (44) (51) (72) (101)
Income before provisions for income taxes 666 432 1,230 844
Provision for income taxes 157 121 234 159
Net income 509 311 996 685
Less: Net (loss) income attributable to noncontrolling interests 0 1 (1) 2
Net income attributable to Moody's $ 509 $ 310 $ 997 $ 683
Earnings per share attributable to Moody's common shareholders        
Basic (in usd per share) $ 2.71 $ 1.64 $ 5.31 $ 3.60
Diluted (in usd per share) $ 2.69 $ 1.62 $ 5.27 $ 3.56
Weighted average number of shares outstanding        
Basic (in shares) 187.7 189.4 187.6 189.9
Diluted (in shares) 189.0 191.3 189.3 192.1