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ACQUISITIONS AND DIVESTITURE (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The table below details the total consideration relating to the acquisition:
Cash paid at closing $157 
Additional consideration to be paid to sellers in 2022 (1)
1 
Total consideration$158 
(1) Represents additional consideration to be paid to the sellers following finalization of customary post-closing completion adjustments.
The table below details the total consideration relating to the acquisition:
Cash paid at closing $1,922 
Replacement equity compensation awards
5 
Total consideration$1,927 
The table below details the total consideration relating to the acquisition:
Cash paid at closing $138 
Additional consideration paid to sellers in 2021 (1)
1 
Total consideration$139 
(1) Represents additional consideration paid to the sellers following finalization of customary post-closing completion adjustments.
The table below details the total consideration relating to the acquisition:
Cash paid at closing $700 
Additional consideration paid to sellers in 2020 (1)
2 
Total consideration$702 
(1) Represents additional consideration paid to the sellers following finalization of customary post-closing completion adjustments.
The following table summarizes the aggregate fair value of the assets acquired and liabilities assumed as of the respective closing dates for each acquisition.
(Amounts in millions)
Current assets$5 
Intangible assets:
Customer relationships (18 year useful life)
$47 
Product technology (8 year useful life)
23 
Database (10 year useful life)
8 
Trade name (14 year useful life)
4 
Total intangible assets (14 year weighted average life)
82 
Goodwill131 
Other assets3 
Liabilities:
Current liabilities$(8)
Long-term liabilities(8)
Total liabilities(16)
Net assets acquired$205 
Summary of Fair Values of Assets Acquired and Liabilities Assumed
Shown below is the preliminary purchase price allocation, which summarizes the fair value of the assets and liabilities assumed, at the date of acquisition:
Cash$10 
Accounts receivable1 
Intangible assets:
Product technology (5 year useful life)
$14 
Customer relationships (16 year useful life)
8 
Trade name (4 year useful life)
1 
Total intangible assets (9 year weighted average useful life)
23 
Goodwill138 
Liabilities:
Accounts payable and accrued liabilities$(7)
Deferred revenue(1)
Deferred tax liabilities(6)
Total liabilities(14)
Net assets acquired$158 
Shown below is the preliminary purchase price allocation, which summarizes the fair value of the assets and liabilities assumed, at the date of acquisition:
Cash $60 
Accounts receivable38 
Other current assets11 
Property and equipment 13 
Operating lease right-of-use assets64 
Intangible assets:
Customer relationships (23 year useful life)
$518 
Product technology (7 year useful life)
212 
Trade name (9 year useful life)
49 
Total intangible assets (18 year weighted average useful life)
779 
Goodwill1,376 
Deferred tax assets, net48 
Other assets99 
Liabilities:
Accounts payable and accrued liabilities$(92)
Deferred revenue(89)
Operating lease liabilities(68)
Deferred tax liabilities, net(214)
Uncertain tax positions(96)
Other liabilities(2)
Total liabilities(561)
Net assets acquired$1,927 
Shown below is the preliminary purchase price allocation, which summarizes the fair value of the assets and liabilities assumed, at the date of acquisition:
Current assets$7 
Intangible assets:
Database (10 year useful life)
$38 
Customer relationships (18 year useful life)
9 
Product technology (8 year useful life)
9 
Trade name (5 year useful life)
1 
Total intangible assets (11 year weighted average useful life)
57 
Goodwill(1)
79 
Deferred tax assets(1)
16 
Other assets2 
Liabilities:
Accounts payable and accrued liabilities$(1)
Deferred revenue(4)
Deferred tax liabilities(15)
Other liabilities(2)
Total liabilities(22)
Net assets acquired$139 
(1) During the third quarter of 2021, the Company received further information, that existed as of the acquisition date, with respect to Cortera’s deferred taxes. Accordingly, the Company recorded a measurement period adjustment of $16 million to its preliminary estimate for deferred tax assets.Shown below is the purchase price allocation, which summarizes the fair value of the assets and liabilities assumed, at the date of acquisition:
(Amounts in millions)
Current assets$24 
Intangible assets:
Customer relationships (25 year useful life)
$174 
Database (10 year useful life)
86 
Product technology (4 year useful life)
17 
Trade name (3 year useful life)
3 
Total intangible assets (19 year weighted average life)
280 
Goodwill494 
Other assets2 
Liabilities:
Accounts payable and accrued liabilities$(5)
Deferred revenue(20)
Deferred tax liabilities(71)
Other liabilities(2)
Total liabilities(98)
Net assets acquired$702 
BvD Pro Forma Information
Supplemental information on an unaudited pro forma basis is presented below for the twelve months ended December 31, 2021 and 2020 as if the acquisition of RMS occurred on January 1, 2020. The pro forma financial information is presented for comparative purposes only, based on certain estimates and assumptions, which the Company believes to be reasonable but not necessarily indicative of future results of operations or the results that would have been reported if the acquisition had been completed at January 1, 2020. The unaudited pro forma information includes amortization of acquired intangible assets, based on the preliminary purchase price allocation and an estimate of useful lives reflected above, and incremental financing costs resulting from the acquisition, net of income tax, which was estimated using the weighted average statutory tax rates in effect in the jurisdiction for which the pro forma adjustment relates. 
Year Ended December 31,
Unaudited 20212020
Pro forma Revenue $6,463 $5,667 
Pro forma Net Income attributable to Moody's$2,244 $1,666