CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 2,809	$ 2,597
Short-term investments	88	99
Accounts receivable, net of allowance for credit losses of $32 in 2021 and $34 in 2020	1,458	1,430
Other current assets	379	383
Total current assets	4,734	4,509
Property and equipment, net of accumulated depreciation of $969 in 2021 and $928 in 2020	282	278
Operating lease right-of-use assets	357	393
Goodwill	4,590	4,556
Intangible assets, net	1,784	1,824
Deferred tax assets, net	249	334
Other assets	556	515
Total assets	12,552	12,409
Current liabilities:
Accounts payable and accrued liabilities	816	1,039
Current portion of operating lease liabilities	92	94
Deferred revenue	1,142	1,089
Total current liabilities	2,050	2,222
Non-current portion of deferred revenue	93	98
Long-term debt	6,355	6,422
Deferred tax liabilities, net	422	404
Uncertain tax positions	406	483
Operating lease liabilities	386	427
Other liabilities	460	590
Total liabilities	10,172	10,646
Contingencies
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	784	735
Retained earnings	12,094	11,011
Treasury stock, at cost; 156,723,618 and 155,808,563 shares of common stock at June 30, 2021 and December 31, 2020	(10,270)	(9,748)
Accumulated other comprehensive loss	(425)	(432)
Total Moody's shareholders' equity	2,186	1,569
Noncontrolling interests	194	194
Total shareholders' equity	2,380	1,763
Total liabilities, noncontrolling interests and shareholders' equity	12,552	12,409
Series Common Stock
Shareholders' equity:
Common stock	$ 0	$ 0