CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,811	$ 2,597
Short-term investments	91	99
Accounts receivable, net of allowances for credit losses of $32 in 2021 and $34 in 2020	1,720	1,430
Other current assets	389	383
Total current assets	4,011	4,509
Property and equipment, net	347	278
Operating lease right-of-use assets	438	393
Goodwill	5,999	4,556
Intangible assets, net	2,467	1,824
Deferred tax assets, net	384	334
Other assets	1,034	515
Total assets	14,680	12,409
Current liabilities:
Accounts payable and accrued liabilities	1,142	1,039
Current portion of operating lease liabilities	105	94
Deferred revenue	1,249	1,089
Total current liabilities	2,496	2,222
Non-current portion of deferred revenue	86	98
Long-term debt	7,413	6,422
Deferred tax liabilities, net	488	404
Uncertain tax positions	388	483
Operating lease liabilities	455	427
Other liabilities	438	590
Total liabilities	11,764	10,646
Contingencies
Shareholders’ equity:
Preferred stock, par value $.01 per share; 10,000,000 shares authorized; no shares issued and outstanding	0	0
Capital surplus	885	735
Retained earnings	12,762	11,011
Treasury stock, at cost; 157,262,484 and 155,808,563 shares of common stock at December 31, 2021 and December 31, 2020, respectively	(10,513)	(9,748)
Accumulated other comprehensive loss	(410)	(432)
Total Moody’s shareholders’ equity	2,727	1,569
Noncontrolling interests	189	194
Total shareholders’ equity	2,916	1,763
Total liabilities and shareholders’ equity	14,680	12,409
Series Common Stock
Shareholders’ equity:
Common stock	0	0
Non-Series Common Stock
Shareholders’ equity:
Common stock	$ 3	$ 3