OTHER BALANCE SHEET AND STATEMENT OF OPERATIONS INFORMATION (Tables)

3 Months Ended

Mar. 31, 2022

Other Balance Sheet And Statement Of Operations Information [Abstract]

Additional Details Related to Certain Balance Sheet Captions

The following tables contain additional detail related to certain balance sheet captions:

	March 31, 2022		December 31, 2021
Other current assets:
Prepaid taxes	$	113	$	112
Prepaid expenses	104		99
Capitalized costs to obtain and fulfill sales contracts	98		103
Derivative instruments designated as accounting hedges	11		—
Other	59		75
Total other current assets	$	385	$	389
Other assets:
Investments in non-consolidated affiliates	$	450	$	443
Deposits for real-estate leases	15		14
Indemnification assets related to acquisitions	108		106
Mutual funds and fixed deposits	73		89
Company owned life insurance (at contract value)	49		37
Costs to obtain sales contracts	152		138
Derivative instruments designated as accounting hedges	66		66
Pension and other retirement employee benefits	74		77
Other	74		64
Total other assets	$	1,061	$	1,034
Accounts payable and accrued liabilities:
Salaries and benefits	$	220	$	211
Incentive compensation	72		324
Customer credits, advanced payments and advanced billings	116		100
Dividends	3		6
Professional service fees	69		75
Interest accrued on debt	42		85
Accounts payable	42		47
Income taxes	141		115
Pension and other retirement employee benefits	7		7
Accrued royalties	21		36
Foreign exchange forwards on certain assets and liabilities	22		12
Restructuring liability	2		4
Other	99		120
Total accounts payable and accrued liabilities	$	856	$	1,142

Other liabilities:
Pension and other retirement employee benefits	$	230	$	235
Interest accrued on UTPs	60		59
MAKS indemnification provisions	33		33
Income tax liability - non-current portion	23		23
Derivative instruments designated as accounting hedges	103		40
Other	43		48
Total other liabilities	$	492	$	438

Investments in and Advances to Affiliates

The following table provides additional detail regarding Moody's investments in non-consolidated affiliates, as included in other assets in the consolidated balance sheet:

	March 31, 2022		December 31, 2021
Equity method investments(1)	$	128	$	121
Investments measured using the measurement alternative(2)	318		318
Other	4		4
Total investments in non-consolidated affiliates	$	450	$	443
(1) Equity securities in which the Company has significant influence over the investee but does not have a controlling financial interest in accordance with ASC Topic 323
(2) Equity securities without readily determinable fair value for which the Company has elected to apply the measurement alternative in accordance with ASC Topic 321

Other Non-Operating

The following table summarizes the components of other non-operating income:

	Three Months Ended March 31,
	2022		2021
FX gain (loss)	$	—	$	(2)
Net periodic pension costs - other components	6		4
Income from investments in non-consolidated affiliates	2		8
Other	(2)		6
Total	$	6	$	16