CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 2,099	$ 1,832
Short-term investments	100	98
Accounts receivable, net of allowance for credit losses of $41 in 2020 and $20 in 2019	1,401	1,419
Other current assets	363	330
Total current assets	3,963	3,679
Property and equipment, net of accumulated depreciation of $880 in 2020 and $839 in 2019	298	292
Operating lease right-of-use assets	429	456
Goodwill	4,162	3,722
Intangible assets, net	1,697	1,498
Deferred tax assets, net	188	229
Other assets	561	389
Total assets	11,298	10,265
Current liabilities:
Accounts payable and accrued liabilities	795	773
Current portion of operating lease liabilities	90	89
Deferred revenue	1,001	1,050
Total current liabilities	1,886	1,912
Non-current portion of deferred revenue	104	112
Long-term debt	6,333	5,581
Deferred tax liabilities, net	414	357
Uncertain tax positions	455	477
Operating lease liabilities	451	485
Other liabilities	418	504
Total liabilities	10,061	9,428
Contingencies (Note 19)
Redeemable noncontrolling interest	5	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	651	642
Retained earnings	10,442	9,656
Treasury stock, at cost; 155,206,451 and 155,215,143 shares of shares of common stock at June 30, 2020 and December 31, 2019	(9,513)	(9,250)
Accumulated other comprehensive loss	(542)	(439)
Total Moody's shareholders' equity	1,041	612
Noncontrolling interests	191	219
Total shareholders' equity	1,232	831
Total liabilities, noncontrolling interests and shareholders' equity	11,298	10,265
Series Common Stock
Shareholders' equity:
Common stock	$ 0	$ 0