CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 2,492	$ 1,832
Short-term investments	96	98
Accounts receivable, net of allowance for credit losses of $41 in 2020 and $20 in 2019	1,360	1,419
Other current assets	333	330
Total current assets	4,281	3,679
Property and equipment, net of accumulated depreciation of $907 in 2020 and $839 in 2019	282	292
Operating lease right-of-use assets	410	456
Goodwill	4,282	3,722
Intangible assets, net	1,717	1,498
Deferred tax assets, net	232	229
Other assets	468	389
Total assets	11,672	10,265
Current liabilities:
Accounts payable and accrued liabilities	712	773
Current portion of operating lease liabilities	91	89
Deferred revenue	918	1,050
Total current liabilities	1,721	1,912
Non-current portion of deferred revenue	102	112
Long-term debt	6,363	5,581
Deferred tax liabilities, net	385	357
Uncertain tax positions	471	477
Operating lease liabilities	439	485
Other liabilities	498	504
Total liabilities	9,979	9,428
Contingencies (Note 19)
Redeemable noncontrolling interest	5	6
Shareholders' equity:
Preferred stock, par value $0.01 per share; 10,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock	3	3
Capital surplus	699	642
Retained earnings	10,804	9,656
Treasury stock, at cost; 155,064,080 and 155,215,143 shares of common stock at September 30, 2020 and December 31, 2019	(9,505)	(9,250)
Accumulated other comprehensive loss	(504)	(439)
Total Moody's shareholders' equity	1,497	612
Noncontrolling interests	191	219
Total shareholders' equity	1,688	831
Total liabilities, noncontrolling interests and shareholders' equity	11,672	10,265
Series Common Stock
Shareholders' equity:
Common stock	$ 0	$ 0