-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MN2ua8XSuQ1JP4GgOpvKPEqQ9A1LCZ98jrC/LsQodTn1yi8pGbCtCEZ27KMxlQP5 xYuHVOfni9UNSUhyAvYSBQ== 0001193125-09-176059.txt : 20090814 0001193125-09-176059.hdr.sgml : 20090814 20090814164800 ACCESSION NUMBER: 0001193125-09-176059 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20090630 FILED AS OF DATE: 20090814 DATE AS OF CHANGE: 20090814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MOODYS CORP /DE/ CENTRAL INDEX KEY: 0001059556 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES [7320] IRS NUMBER: 133998945 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-14037 FILM NUMBER: 091016605 BUSINESS ADDRESS: STREET 1: 7 WORLD TRADE CENTER STREET 2: AT 250 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10007 BUSINESS PHONE: 2125530300 MAIL ADDRESS: STREET 1: 7 WORLD TRADE CENTER STREET 2: AT 250 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10007 FORMER COMPANY: FORMER CONFORMED NAME: DUN & BRADSTREET CORP /DE/ DATE OF NAME CHANGE: 19980728 FORMER COMPANY: FORMER CONFORMED NAME: NEW DUN & BRADSTREET CORP DATE OF NAME CHANGE: 19980728 10-Q/A 1 d10qa.htm FORM 10-Q AMENDMENT Form 10-Q Amendment

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 10-Q/A

 

 

(Mark one)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2009

Or

 

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             

Commission file number 1-14037

 

 

Moody’s Corporation

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   13-3998945
(State of Incorporation)   (I.R.S. Employer Identification No.)

 

7 World Trade Center at

250 Greenwich Street, New York, N.Y.

  10007
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code:

(212) 553-0300

 

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months, or for such shorter period that the registrant was required to submit and post such files.    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer   x    Accelerated filer   ¨
Non-accelerated filer   ¨  (Do not check if a smaller reporting company)    Smaller reporting company   ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

 

Title of Each Class

  

Shares Outstanding at June 30, 2009

Common Stock, par value $0.01 per share    236.3 million

 

 

 


MOODY’S CORPORATION

Explanatory Note

The sole purpose of this Amendment No. 1 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2009, as filed with the Securities and Exchange Commission on August 3, 2009, is to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T.

Exhibit 101 provides the following financial information from Moody’s Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2009, formatted in XBRL:

 

(i) Consolidated Statements of Operations (Unaudited) for the Three and Six Months Ended June 30, 2009 and 2008;

 

(ii) Consolidated Balance Sheets (Unaudited) at June 30, 2009 and December 31, 2008;

 

(iii) Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended June 30, 2009 and 2008;

 

(iv) Notes to Condensed Consolidated Financial Statements (Unaudited), tagged as blocks of text.

 

(v) Glossary of Terms and Abbreviations, tagged as a block of text.

Users of this data are advised that pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for the purposes of Sections 11 or 12 of the Securities Act of 1933 and are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934. The Company has not made any changes to the original filing other than those described in the immediately preceding paragraph. This Amendment No. 1 does not reflect any subsequent events occurring after the original filing date of the Form 10-Q or modify or update in any way disclosures made in the original filing.

Item 6. Exhibits

See Exhibit Index.

 

2


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  MOODY’S CORPORATION
By:  

/S/    LINDA S. HUBER

  Linda S. Huber
 

Executive Vice President and Chief Financial Officer

(principal financial officer)

Date: August 14, 2009

 

By:  

/S/    JOSEPH MCCABE

  Joseph McCabe
  Senior Vice President and Corporate Controller
  (principal accounting officer)

 

3


Item 6. Exhibits

 

Exhibit No.

  

Description

    3    ARTICLES OF INCORPORATION AND BY-LAWS
      .1    Restated Certificate of Incorporation of the Registrant dated June 15, 1998, as amended effective June 30, 1998, as amended effective October 1, 2000, and as further amended effective April 26, 2005 (incorporated by reference to Exhibit 3.1 to the Report on Form 8-K of the Registrant file number 1-14037, filed October 4, 2000, and Exhibit 3.1 to the Report on Form 8-K of the Registrant, file number 1-14037, filed April 27, 2005).
      .2    Amended and Restated By-laws of the Registrant (incorporated by reference to Exhibit 3 of the Report on Form 8-K of the Registrant, file number 1-14037, filed February 25, 2008).
  31    CERTIFICATIONS PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
      .1*    Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
      .2*    Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
  32    CERTIFICATIONS PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
      .1*    Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (The Company has furnished this certification and does not intend for it to be considered filed under the Securities Exchange Act of 1934 or incorporated by reference into future filings under the Securities Act of 1933 or the Securities Exchange Act of 1934.)
      .2*    Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (The Company has furnished this certification and does not intend for it to be considered filed under the Securities Exchange Act of 1934 or incorporated by reference into future filings under the Securities Act of 1933 or the Securities Exchange Act of 1934.)
101**    The following financial information from Moody’s Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2009, formatted in XBRL: (i) Consolidated Statements of Operations (Unaudited) for the Three and Six Months Ended June 30, 2009 and 2008; (ii) Consolidated Balance Sheets (Unaudited) at June 30, 2009 and December 31, 2008; (iii) Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended June 30, 2009 and 2008; (iv) Notes to Condensed Consolidated Financial Statements (Unaudited), tagged as blocks of text; (v) Glossary of Terms and Abbreviations, tagged as a block of text.

 

* Filed with the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2009 (filed on August 3, 2009).
** Furnished with this Form 10-Q/A.

 

4

EX-101.INS 2 mco-20090630.xml XBRL INSTANCE DOCUMENT 380100000 8300000000 245900000 240400000 421800000 130400000 -52100000 392700000 1773400000 809100000 23900000 104700000 435000000 114800000 26500000 220100000 19000000 338000000 114000000 2759500000 1773400000 1393100000 613000000 750000000 8300000 107800000 44500000 297500000 0.01 10000000 0 0 247700000 3023200000 7100000 -994400000 -986100000 107757537 4361600000 185100000 0.01 1000000000 342902272 3400000 0.01 10000000 0 0 0 392800000 262000000 407600000 152700000 -30100000 380700000 1873800000 900600000 28300000 370400000 462700000 108400000 31200000 206600000 15700000 344600000 106700000 2623300000 1873800000 1305100000 210000000 750000000 7800000 64100000 47700000 287200000 0.01 10000000 0 0 267600000 3199000000 4900000 -757300000 -749500000 106585040 4310300000 156900000 236300000 0.01 1000000000 342902272 3400000 0.01 10000000 0 0 0 426300000 0.10 16800000 123300000 0.55 0.54 223800000 86200000 -12400000 135200000 2400000 -9900000 253900000 233700000 2500000 137600000 -200000 487600000 114000000 248100000 244600000 0.10 15700000 128000000 0.46 0.46 174600000 63600000 -6100000 109300000 1700000 -12600000 263500000 187200000 -6500000 111000000 3100000 450700000 116700000 238100000 236100000 -46200000 0.10 29300000 243200000 1.04 1.03 19500000 5500000 5500000 420500000 161700000 -137200000 -32100000 7400000 -17600000 -27900000 12200000 -23900000 -233500000 -80900000 248700000 255900000 2900000 -12500000 485300000 433000000 11400000 327900000 700000 49200000 2000000 38600000 6100000 44000000 900000 7655700000 425000000 150000000 6900000 16500000 258800000 8105500000 0 900000 -900000 918300000 213700000 29200000 19300000 249500000 246000000 -600000 7800000 - --12-31 MCO MOODYS CORP /DE/ No Yes 2009-06-30 10-Q 0001059556 Yes Large Accelerated Filer N.A. false 146900000 - <div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> </p> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font face= "Times New Roman" size="2"><b>NOTE 11. CONTINGENCIES</b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">From time to time, Moody&#8217;s is involved in legal and tax proceedings, governmental investigations, claims and litigation that are incidental to the Company&#8217;s business, including claims based on ratings assigned by MIS. Moody&#8217;s is also subject to ongoing tax audits in the normal course of business. Management periodically assesses the Company&#8217;s liabilities and contingencies in connection with these matters based upon the latest information available. Moody&#8217;s discloses material pending legal proceedings pursuant to SEC rules and other pending matters as it may determine to be appropriate.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">As a result of events in the U.S. subprime residential mortgage sector and the credit markets more broadly over the last two years, various legislative, regulatory and enforcement entities around the world are investigating or evaluating the role of rating agencies in the U.S. subprime mortgage-backed securitization market and structured finance markets more generally. Moody&#8217;s has received subpoenas and inquiries from states attorneys general and other governmental authorities and is cooperating with such investigations and inquiries. Moody&#8217;s is also cooperating with a review by the SEC relating to errors in the model used by MIS to rate certain constant-proportion debt obligations. In addition, the Company is facing market participant litigation relating to the performance of MIS rated securities. Although Moody&#8217;s in the normal course experiences such litigation, the volume and cost of defending such litigation has significantly increased in the current economic environment.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">On June&#160;27, 2008, the Brockton Contributory Retirement System, a purported shareholder of the Company&#8217;s securities, filed a purported shareholder derivative complaint on behalf of the Company against its directors and certain senior officers, and the Company as nominal defendant, in the Supreme Court of the State of New York, County of New York. The plaintiff asserts various causes of action relating to the named defendants&#8217; oversight of MIS&#8217;s ratings of RMBS and constant-proportion debt obligations, and their participation in the alleged public dissemination of false and misleading information about MIS&#8217;s ratings practices and/or a failure to implement internal procedures and controls to prevent the alleged wrongdoing. The plaintiff seeks compensatory damages, restitution, disgorgement of profits and other equitable relief. On July&#160;2, 2008, Thomas R. Flynn, a purported shareholder of the Company&#8217;s securities, filed a similar purported shareholder derivative complaint on behalf of the Company against its directors and certain senior officers, and the Company as nominal defendant, in the Supreme Court of the State of New York, County of New York, asserting similar claims and seeking the same relief. The cases have been consolidated and plaintiffs filed an amended consolidated complaint in November 2008. The Company removed the consolidated action to the United States District Court for the Southern District of New York in December 2008. In January 2009, the plaintiffs moved to remand the case to the Supreme Court of the State of New York. The Company has opposed the remand and expects to move to dismiss the amended consolidated complaint upon resolution of the remand motion. On October&#160;30, 2008, the Louisiana Municipal Police Employees Retirement System, a purported shareholder of the Company&#8217;s securities, also filed a shareholder derivative complaint on behalf of the Company against its directors and certain officers, and the Company as a nominal defendant, in the U.S. District Court for the Southern District of New York. This complaint too asserts various causes of action relating to the Company&#8217;s ratings of RMBS, CDO and constant-proportion debt obligations, and named defendants&#8217; participation in the alleged public dissemination of false and misleading information about MIS&#8217;s ratings practices and/or a failure to implement internal procedures and controls to prevent the alleged wrongdoing. On December&#160;9, 2008, Rena Nadoff, a purported shareholder of the Company, filed a shareholder derivative complaint on behalf of the Company against its directors and its CEO, and the Company as a nominal defendant, in the Supreme Court of the State of New York. The complaint asserts a claim for breach of fiduciary duty in connection with alleged overrating of asset-backed securities and underrating of municipal securities. On July&#160;6, 2009, W. A. Sokolowski, a purported shareholder of the Company, filed a purported shareholder derivative complaint on behalf of the Company against its directors and current and former officers, and the Company as a nominal defendant, in the United States District Court for the Southern District of New York. The complaint asserts claims relating to alleged mismanagement of the Company&#8217;s processes for rating structured finance transactions, alleged insider trading and causing the Company to buy back its own stock at artificially inflated prices.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">Two purported class action complaints have been filed by purported purchasers of the Company&#8217;s securities against the Company and certain of its senior officers, asserting claims under the federal securities laws. The first was filed by Raphael Nach in the U.S. District Court for the Northern District of Illinois on July&#160;19, 2007. The second was filed by Teamsters Local 282 Pension Trust Fund in the U.S. District Court for the Southern District of New York on September&#160;26, 2007. Both actions have been consolidated into a single proceeding entitled <i>In re Moody&#8217;s Corporation Securities Litigation</i> in the U.S. District Court for the Southern District of New York. On June&#160;27, 2008, a consolidated amended complaint was filed, purportedly on behalf of all purchasers of the Company&#8217;s securities during the period February&#160;3, 2006 through</font> <font face="Times New Roman" size="2">October&#160;24, 2007. Plaintiffs allege that the defendants issued false and/or misleading statements concerning the Company&#8217;s business conduct, business prospects, business conditions and financial results relating primarily to MIS&#8217;s ratings of structured finance products including RMBS, CDO and constant-proportion debt obligations. The plaintiffs seek an unspecified amount of compensatory damages and their reasonable costs and expenses incurred in connection with the case. The Company moved for dismissal of the consolidated amended complaint in September 2008. On February&#160;23, 2009, the court issued an opinion dismissing certain claims and sustaining others.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">For claims, litigation and proceedings not related to income taxes, where it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated, the Company has recorded liabilities in the consolidated financial statements and periodically adjusts these as appropriate. In other instances, because of uncertainties related to the probable outcome and/or the amount or range of loss, management does not record a liability but discloses the contingency if significant. As additional information becomes available, the Company adjusts its assessments and estimates of such matters accordingly. For income tax matters, the Company employs the prescribed methodology of FIN 48 implemented as of January&#160;1, 2007 which requires a company to first determine whether it is more-likely-than-not (defined as a likelihood of more than fifty percent) that a tax position will be sustained based on its technical merits as of the reporting date, assuming that taxing authorities will examine the position and have full knowledge of all relevant information. A tax position that meets this more-likely-than-not threshold is then measured and recognized at the largest amount of benefit that is greater than fifty percent likely to be realized upon effective settlement with a taxing authority.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">The Company cannot predict the ultimate impact that any of the legislative, regulatory, enforcement or litigation matters may have on how its business is conducted and thus its competitive position, financial position or results of operations. Based on its review of the latest information available, in the opinion of management, the ultimate monetary liability of the Company for the pending matters referred to above (other than the Legacy Tax Matters that are discussed below) is not likely to have a material adverse effect on the Company&#8217;s consolidated financial position, although it is possible that the effect could be material to the Company&#8217;s consolidated results of operations for an individual reporting period.</font></p> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font face="Times New Roman" size="2"><b><i>Legacy Tax Matters</i></b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">Moody&#8217;s continues to have exposure to certain Legacy Tax Matters. At June&#160;30, 2009, Moody&#8217;s has recorded liabilities for Legacy Tax Matters totaling $54.3 million. This includes liabilities and accrued interest due to New D&amp;B arising from the 2000 Distribution Agreement. It is possible that the ultimate liability for Legacy Tax Matters could be greater than the liabilities recorded by the Company, which could result in additional charges that may be material to Moody&#8217;s future reported results, financial position and cash flows.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">The following description of the relationships among Moody&#8217;s, New D&amp;B and their predecessor entities is important in understanding the Legacy Tax Matters.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">In November 1996, The Dun&#160;&amp; Bradstreet Corporation separated into three separate public companies: The Dun&#160;&amp; Bradstreet Corporation, ACNielsen Corporation and Cognizant Corporation. In June 1998, The Dun&#160;&amp; Bradstreet Corporation separated into two separate public companies: Old D&amp;B and R.H. Donnelley Corporation. During 1998, Cognizant separated into two separate public companies: IMS Health Incorporated and Nielsen Media Research, Inc. In September 2000, Old D&amp;B separated into two separate public companies: New D&amp;B and Moody&#8217;s, as further described in Note&#160;1 to the consolidated financial statements.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">Old D&amp;B and its predecessors entered into global tax planning initiatives in the normal course of business. These initiatives are subject to normal review by tax authorities. Old D&amp;B and its predecessors also entered into a series of agreements covering the sharing of any liabilities for payment of taxes, penalties and interest resulting from unfavorable IRS determinations on certain tax matters, and certain other potential tax liabilities, all as described in such agreements. Further, in connection with the 2000 Distribution and pursuant to the terms of the 2000 Distribution Agreement, New D&amp;B and Moody&#8217;s have agreed on the financial responsibility for any potential liabilities related to Legacy Tax Matters.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">Settlement agreements were executed with the IRS in 2005 regarding Legacy Tax Matters for the years 1989-1990 and 1993-1996. With respect to these settlement agreements, Moody&#8217;s and New D&amp;B believe that IMS Health and NMR did not pay their full share of the liability to the IRS pursuant to the terms of the applicable separation agreements among the parties. Moody&#8217;s and New D&amp;B paid these amounts to the IRS on their behalf, and attempted to resolve this dispute with IMS Health and NMR. As a result, Moody&#8217;s and New D&amp;B commenced arbitration proceedings against IMS Health and NMR in connection with the 1989-1990 matter. This matter was resolved during the third quarter of 2008 in favor of Moody&#8217;s and New D&amp;B, resulting in IMS Health and NMR having paid a total of $6.7 million to Moody&#8217;s. In the second quarter of 2009, Moody&#8217;s and New D&amp;B reached a settlement with IMS Health and NMR with respect to the 1993-1996 matter resulting in $10.8 million of cash proceeds paid to Moody&#8217;s of which $6.5 million is interest and $4.3 million is a reduction of tax expense. This settlement increased the Company&#8217;s net income by $8.2 million for both the second quarter and year to date periods in 2009. As of June&#160;30, 2009, the Company continues to carry a liability of $1.9&#160;million with respect to these matters.</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font size= "1">&#160;</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face= "Times New Roman" size="2"><i>Amortization Expense Deductions</i></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">This Legacy Tax Matter involves a partnership transaction which resulted in amortization expense deductions on the tax returns of Old D&amp;B since 1997. IRS audits of Old D&amp;B&#8217;s and New D&amp;B&#8217;s tax returns for the years 1997 through 2002 concluded in June 2007 without any disallowance of the amortization expense deductions, or any other adjustments to income related to this partnership transaction. These audits resulted in the IRS issuing the Notices for other tax issues for the 1997-2000 years aggregating $9.5 million in tax and penalties, plus statutory interest of approximately $6 million, which should be apportioned among Moody&#8217;s, New D&amp;B, IMS Health and NMR pursuant to the terms of the applicable separation agreements. Moody&#8217;s share of this assessment was $6.6 million including interest, net of tax. In November 2007, the IRS assessed the tax and penalties and used a portion of the deposit discussed below to satisfy the assessment, together with interest. The Company believes it has meritorious grounds to challenge the IRS&#8217;s actions and is evaluating its alternatives to recover these amounts. In June 2008, the statute of limitations for New D&amp;B relating to the 2003 tax year expired. As a result, Moody&#8217;s recorded a reduction of accrued interest expense of $2.3 million ($1.4 million, net of tax) and an increase in other non-operating income of $6.4M, relating to amounts due to New D&amp;B in the three and six months ended June&#160;30, 2008. Moody&#8217;s continues to carry a liability of $1.5 million at June&#160;30, 2009 with respect to this matter</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">On the Distribution Date, New D&amp;B paid Moody&#8217;s $55.0 million for 50% of certain anticipated future tax benefits of New D&amp;B through 2012. It is possible that IRS audits of New D&amp;B for tax years after 2003 could result in income adjustments with respect to the amortization expense deductions of this partnership transaction. In the event these tax benefits are not claimed or otherwise not realized by New D&amp;B, or there is an audit adjustment, Moody&#8217;s would be required, pursuant to the terms of the 2000 Distribution Agreement, to repay to New D&amp;B an amount equal to the discounted value of its share of the related future tax benefits and its share of any tax liability that New D&amp;B incurs. As of June&#160;30, 2009, Moody&#8217;s liability with respect to this matter totaled $50.9 million, including interest.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">In March 2006, New D&amp;B and Moody&#8217;s each deposited $39.8 million with the IRS in order to stop the accrual of statutory interest on potential tax deficiencies with respect to the 1997 through 2002 tax years. In July 2007, New D&amp;B and Moody&#8217;s commenced procedures to recover approximately $57 million of these deposits ($24.6 million for New D&amp;B and $31.9 million for Moody&#8217;s), which represents the excess of the original deposits over the total of the deficiencies asserted in the Notices. As noted above, in November 2007 the IRS used $7.9 million of Moody&#8217;s portion of the deposit to satisfy an assessment and related interest. Additionally, in the first quarter of 2008 the IRS returned to Moody&#8217;s $33.1 million in connection with this matter, which includes $3.0 million of interest. In July 2008, the IRS paid Moody&#8217;s the remaining $1.8 million balance of the original deposit.</font></p> </div> 0.10 <div> <h5 align="left"></h5> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face= "Times New Roman" size="2"><b>NOTE 10. 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No authoritative reference available. false false 1 5 false UnKnown UnKnown UnKnown false true XML 11 R5.xml IDEA: Notes to Financial Statements 1.0.0.3 false Notes to Financial Statements false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDperShareItemType Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares 0 2 0 mco_NotesToFinancialStatementsAbstract mco false na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false No definition available. false 3 1 mco_SupplementalDisclosuresTextBlock mco false na duration string No definition available. false false false false false false false false false 1 false false 0 0 <div> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"> <font face="Times New Roman" size="2"><b>GLOSSARY OF TERMS AND ABBREVIATIONS</b></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face= "Times New Roman" size="2">The following terms, abbreviations and acronyms are used to identify frequently used terms in this report:</font></p> <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px"> &#160;</p> <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0"><!-- 5 First_Row * DO NOT REMOVE OR EDIT --> <tbody> <tr> <td width="18%"></td> <td valign="bottom" width="2%"></td> <td width="80%"></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="WIDTH: 24pt; BORDER-BOTTOM: #000000 1px solid"> <font face="Times New Roman" size="1"><b>TERM</b></font></p> </td> <td valign="bottom"><font size="1">&#160;&#160;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 1px"><font face= "Times New Roman" size="1"><b>DEFINITION</b></font></p> </td> </tr> <tr> <td valign="top"><font face="Times New Roman" size= "2">ACNielsen</font></td> <td valign="bottom"><font size="1">&#160;&#160;</font></td> <td valign="top"><font face="Times New Roman" size="2">ACNielsen Corporation &#8211; 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No authoritative reference available. false 4 1 us-gaap_NatureOfOperations us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <div> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face= "Times New Roman" size="2"><b>NOTE 1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION</b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">Moody&#8217;s is a provider of (i)&#160;credit ratings and related research, data and analytical tools, (ii)&#160;quantitative credit risk measures, risk scoring software, and credit portfolio management solutions and (iii)&#160;securities pricing software and valuation models. Moody&#8217;s operates in two reportable segments: Moody&#8217;s Investors Service and Moody&#8217;s Analytics. The MIS segment publishes credit ratings on a wide range of debt obligations and the entities that issue such obligations in markets worldwide. Revenue is derived from the originators and issuers of such transactions who use MIS&#8217;s ratings to support the distribution of their debt issues to investors. The MA segment develops a wide range of products and services that support the credit risk management activities of institutional participants in global financial markets. These offerings include quantitative credit risk scores, credit processing software, economic research, analytical models, financial data, securities pricing software and valuation models, and specialized professional services. MA also distributes investor-oriented research and data developed by MIS as part of its rating process, including in-depth research on major debt issuers, industry studies, and commentary on topical events.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">The Company operated as part of Old D&amp;B until September&#160;30, 2000, when Old D&amp;B separated into two publicly traded companies &#8211; Moody&#8217;s Corporation and New D&amp;B. At that time, Old D&amp;B distributed to its shareholders shares of New D&amp;B stock. New D&amp;B comprised the business of Old D&amp;B&#8217;s Dun&#160;&amp; Bradstreet operating company. The remaining business of Old D&amp;B consisted solely of the business of providing ratings and related research and credit risk management services and was renamed Moody&#8217;s Corporation. For purposes of governing certain ongoing relationships between the Company and New D&amp;B after the 2000 Distribution and to provide for an orderly transition, the Company and New D&amp;B entered into various agreements including a distribution agreement, tax allocation agreement and employee benefits agreement.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">These interim financial statements have been prepared in accordance with the instructions to Form 10-Q and should be read in conjunction with the Company&#8217;s consolidated financial statements and related notes in the Company&#8217;s 2008 annual report on Form 10-K filed with the SEC on March&#160;2, 2009. The results of interim periods are not necessarily indicative of results for the full year or any subsequent period. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of financial position, results of operations and cash flows at the dates and for the periods presented have been included. The year-end consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. Certain prior year amounts have been reclassified to conform to the current year presentation.</font></p> </div> NOTE 1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Moody&#8217;s is a provider of (i)&#160;credit ratings and related research, data and analytical false false No definition available. 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Moody&#8217;s is also cooperating with a review by the SEC relating to errors in the model used by MIS to rate certain constant-proportion debt obligations. In addition, the Company is facing market participant litigation relating to the performance of MIS rated securities. Although Moody&#8217;s in the normal course experiences such litigation, the volume and cost of defending such litigation has significantly increased in the current economic environment.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">On June&#160;27, 2008, the Brockton Contributory Retirement System, a purported shareholder of the Company&#8217;s securities, filed a purported shareholder derivative complaint on behalf of the Company against its directors and certain senior officers, and the Company as nominal defendant, in the Supreme Court of the State of New York, County of New York. 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The cases have been consolidated and plaintiffs filed an amended consolidated complaint in November 2008. The Company removed the consolidated action to the United States District Court for the Southern District of New York in December 2008. In January 2009, the plaintiffs moved to remand the case to the Supreme Court of the State of New York. The Company has opposed the remand and expects to move to dismiss the amended consolidated complaint upon resolution of the remand motion. On October&#160;30, 2008, the Louisiana Municipal Police Employees Retirement System, a purported shareholder of the Company&#8217;s securities, also filed a shareholder derivative complaint on behalf of the Company against its directors and certain officers, and the Company as a nominal defendant, in the U.S. District Court for the Southern District of New York. 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Sokolowski, a purported shareholder of the Company, filed a purported shareholder derivative complaint on behalf of the Company against its directors and current and former officers, and the Company as a nominal defendant, in the United States District Court for the Southern District of New York. The complaint asserts claims relating to alleged mismanagement of the Company&#8217;s processes for rating structured finance transactions, alleged insider trading and causing the Company to buy back its own stock at artificially inflated prices.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">Two purported class action complaints have been filed by purported purchasers of the Company&#8217;s securities against the Company and certain of its senior officers, asserting claims under the federal securities laws. The first was filed by Raphael Nach in the U.S. District Court for the Northern District of Illinois on July&#160;19, 2007. The second was filed by Teamsters Local 282 Pension Trust Fund in the U.S. District Court for the Southern District of New York on September&#160;26, 2007. Both actions have been consolidated into a single proceeding entitled <i>In re Moody&#8217;s Corporation Securities Litigation</i> in the U.S. District Court for the Southern District of New York. On June&#160;27, 2008, a consolidated amended complaint was filed, purportedly on behalf of all purchasers of the Company&#8217;s securities during the period February&#160;3, 2006 through</font> <font face="Times New Roman" size="2">October&#160;24, 2007. Plaintiffs allege that the defendants issued false and/or misleading statements concerning the Company&#8217;s business conduct, business prospects, business conditions and financial results relating primarily to MIS&#8217;s ratings of structured finance products including RMBS, CDO and constant-proportion debt obligations. The plaintiffs seek an unspecified amount of compensatory damages and their reasonable costs and expenses incurred in connection with the case. The Company moved for dismissal of the consolidated amended complaint in September 2008. 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For income tax matters, the Company employs the prescribed methodology of FIN 48 implemented as of January&#160;1, 2007 which requires a company to first determine whether it is more-likely-than-not (defined as a likelihood of more than fifty percent) that a tax position will be sustained based on its technical merits as of the reporting date, assuming that taxing authorities will examine the position and have full knowledge of all relevant information. 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With respect to these settlement agreements, Moody&#8217;s and New D&amp;B believe that IMS Health and NMR did not pay their full share of the liability to the IRS pursuant to the terms of the applicable separation agreements among the parties. Moody&#8217;s and New D&amp;B paid these amounts to the IRS on their behalf, and attempted to resolve this dispute with IMS Health and NMR. As a result, Moody&#8217;s and New D&amp;B commenced arbitration proceedings against IMS Health and NMR in connection with the 1989-1990 matter. This matter was resolved during the third quarter of 2008 in favor of Moody&#8217;s and New D&amp;B, resulting in IMS Health and NMR having paid a total of $6.7 million to Moody&#8217;s. In the second quarter of 2009, Moody&#8217;s and New D&amp;B reached a settlement with IMS Health and NMR with respect to the 1993-1996 matter resulting in $10.8 million of cash proceeds paid to Moody&#8217;s of which $6.5 million is interest and $4.3 million is a reduction of tax expense. This settlement increased the Company&#8217;s net income by $8.2 million for both the second quarter and year to date periods in 2009. 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These audits resulted in the IRS issuing the Notices for other tax issues for the 1997-2000 years aggregating $9.5 million in tax and penalties, plus statutory interest of approximately $6 million, which should be apportioned among Moody&#8217;s, New D&amp;B, IMS Health and NMR pursuant to the terms of the applicable separation agreements. Moody&#8217;s share of this assessment was $6.6 million including interest, net of tax. In November 2007, the IRS assessed the tax and penalties and used a portion of the deposit discussed below to satisfy the assessment, together with interest. The Company believes it has meritorious grounds to challenge the IRS&#8217;s actions and is evaluating its alternatives to recover these amounts. In June 2008, the statute of limitations for New D&amp;B relating to the 2003 tax year expired. As a result, Moody&#8217;s recorded a reduction of accrued interest expense of $2.3 million ($1.4 million, net of tax) and an increase in other non-operating income of $6.4M, relating to amounts due to New D&amp;B in the three and six months ended June&#160;30, 2008. Moody&#8217;s continues to carry a liability of $1.5 million at June&#160;30, 2009 with respect to this matter</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">On the Distribution Date, New D&amp;B paid Moody&#8217;s $55.0 million for 50% of certain anticipated future tax benefits of New D&amp;B through 2012. It is possible that IRS audits of New D&amp;B for tax years after 2003 could result in income adjustments with respect to the amortization expense deductions of this partnership transaction. In the event these tax benefits are not claimed or otherwise not realized by New D&amp;B, or there is an audit adjustment, Moody&#8217;s would be required, pursuant to the terms of the 2000 Distribution Agreement, to repay to New D&amp;B an amount equal to the discounted value of its share of the related future tax benefits and its share of any tax liability that New D&amp;B incurs. As of June&#160;30, 2009, Moody&#8217;s liability with respect to this matter totaled $50.9 million, including interest.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">In March 2006, New D&amp;B and Moody&#8217;s each deposited $39.8 million with the IRS in order to stop the accrual of statutory interest on potential tax deficiencies with respect to the 1997 through 2002 tax years. In July 2007, New D&amp;B and Moody&#8217;s commenced procedures to recover approximately $57 million of these deposits ($24.6 million for New D&amp;B and $31.9 million for Moody&#8217;s), which represents the excess of the original deposits over the total of the deficiencies asserted in the Notices. As noted above, in November 2007 the IRS used $7.9 million of Moody&#8217;s portion of the deposit to satisfy an assessment and related interest. Additionally, in the first quarter of 2008 the IRS returned to Moody&#8217;s $33.1 million in connection with this matter, which includes $3.0 million of interest. In July 2008, the IRS paid Moody&#8217;s the remaining $1.8 million balance of the original deposit.</font></p> </div> NOTE 11. CONTINGENCIES From time to time, Moody&#8217;s is involved in legal and tax proceedings, governmental investigations, claims and litigation that false false No definition available. 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The implementation did not have any impact on the Company&#8217;s consolidated financial statements.</font></p> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%"> <font face="Times New Roman" size="2"><i>Not Yet Adopted:</i></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; TEXT-INDENT: 4%"> <font face="Times New Roman" size="2">In June 2009, the FASB issued SFAS No.&#160;167 &#8211; &#8220;<i>Amendments to FASB Interpretation No.&#160;46(R)&#8221;,</i> which sets forth new guidance on the analysis that must be performed to determine if an enterprise&#8217;s variable interest or interests give it a controlling financial interest in a variable interest entity. Additionally, SFAS No.&#160;167 requires enhanced disclosures that will provide more transparent information about an enterprise&#8217;s involvement in a variable interest entity. 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No authoritative reference available. true 22 3 us-gaap_EarningsPerShareAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 23 4 us-gaap_EarningsPerShareBasic us-gaap true na duration decimal No definition available. false false false false false false false false true 1 true true 0.46 0.46 false false 2 true true 0.55 0.55 false false 3 true true 0.85 0.85 false false 4 true true 1.04 1.04 false false No definition available. No authoritative reference available. false 24 4 us-gaap_EarningsPerShareDiluted us-gaap true na duration decimal No definition available. false false false false false false false false true 1 true true 0.46 0.46 false false 2 true true 0.54 0.54 false false 3 true true 0.84 0.84 false false 4 true true 1.03 1.03 false false No definition available. No authoritative reference available. false 25 3 us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 26 4 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic us-gaap true na duration shares No definition available. false false false false false false false false false 1 false true 236100000 236.1 false false 2 false true 244600000 244.6 false false 3 false true 235800000 235.8 false false 4 false true 246000000 246.0 false false No definition available. No authoritative reference available. false 27 4 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding us-gaap true na duration shares No definition available. false false false false false false false false false 1 false true 238100000 238.1 false false 2 false true 248100000 248.1 false false 3 false true 237300000 237.3 false false 4 false true 249500000 249.5 false false No definition available. No authoritative reference available. false 28 4 us-gaap_CommonStockDividendsPerShareDeclared us-gaap true na duration decimal No definition available. false false false false false false false false true 1 true true 0.10 0.10 false false 2 true true 0.10 0.10 false false 3 true true 0.10 0.10 false false 4 true true 0.10 0.10 false false No definition available. No authoritative reference available. false false 4 24 false HundredThousands HundredThousands Hundreds false true XML 14 R2.xml IDEA: Statement Of Financial Position Classified 1.0.0.3 true Statement Of Financial Position Classified (USD $) In Millions false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDperShareItemType Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares 0 false 2 $ false false 2 2 us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. false 3 2 us-gaap_CashAndCashEquivalentsAtCarryingValue us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 true true 392800000 392.8 false false 2 true true 245900000 245.9 false false No definition available. No authoritative reference available. false 4 2 us-gaap_ShortTermInvestments us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 4900000 4.9 false false 2 false true 7100000 7.1 false false No definition available. No authoritative reference available. false 5 2 us-gaap_AccountsReceivableNetCurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 407600000 407.6 false false 2 false true 421800000 421.8 false false No definition available. No authoritative reference available. false 6 2 us-gaap_DeferredTaxAssetsNetCurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 31200000 31.2 false false 2 false true 26500000 26.5 false false No definition available. No authoritative reference available. false 7 2 us-gaap_OtherAssetsCurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 64100000 64.1 false false 2 false true 107800000 107.8 false false No definition available. No authoritative reference available. false 8 2 us-gaap_AssetsCurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 900600000 900.6 false false 2 false true 809100000 809.1 false false No definition available. No authoritative reference available. true 9 2 us-gaap_PropertyPlantAndEquipmentNet us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 267600000 267.6 false false 2 false true 247700000 247.7 false false No definition available. No authoritative reference available. false 10 2 us-gaap_Goodwill us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 344600000 344.6 false false 2 false true 338000000 338.0 false false No definition available. No authoritative reference available. false 11 2 us-gaap_IntangibleAssetsNetExcludingGoodwill us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 106700000 106.7 false false 2 false true 114000000 114.0 false false No definition available. No authoritative reference available. false 12 2 us-gaap_DeferredTaxAssetsNetNoncurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 206600000 206.6 false false 2 false true 220100000 220.1 false false No definition available. No authoritative reference available. false 13 2 us-gaap_OtherAssetsNoncurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 47700000 47.7 false false 2 false true 44500000 44.5 false false No definition available. No authoritative reference available. false 14 2 us-gaap_Assets us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 1873800000 1873.8 false false 2 false true 1773400000 1773.4 false false No definition available. No authoritative reference available. true 15 2 us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. false 16 2 us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 262000000 262.0 false false 2 false true 240400000 240.4 false false No definition available. No authoritative reference available. false 17 2 us-gaap_CommercialPaper us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 370400000 370.4 false false 2 false true 104700000 104.7 false false No definition available. No authoritative reference available. false 18 2 us-gaap_LinesOfCreditCurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 210000000 210.0 false false 2 false true 613000000 613.0 false false No definition available. No authoritative reference available. false 19 2 us-gaap_DeferredRevenueCurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 462700000 462.7 false false 2 false true 435000000 435.0 false false No definition available. No authoritative reference available. false 20 2 us-gaap_LiabilitiesCurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 1305100000 1305.1 false false 2 false true 1393100000 1393.1 false false No definition available. No authoritative reference available. true 21 2 us-gaap_DeferredRevenueNoncurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 108400000 108.4 false false 2 false true 114800000 114.8 false false No definition available. No authoritative reference available. false 22 2 us-gaap_LongTermDebtNoncurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 750000000 750.0 false false 2 false true 750000000 750.0 false false No definition available. No authoritative reference available. false 23 2 us-gaap_DeferredTaxLiabilitiesNoncurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 15700000 15.7 false false 2 false true 19000000 19.0 false false No definition available. No authoritative reference available. false 24 2 us-gaap_UnrecognizedTaxBenefits us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 156900000 156.9 false false 2 false true 185100000 185.1 false false No definition available. No authoritative reference available. false 25 2 us-gaap_OtherLiabilitiesNoncurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 287200000 287.2 false false 2 false true 297500000 297.5 false false No definition available. No authoritative reference available. false 26 2 us-gaap_Liabilities us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 2623300000 2623.3 false false 2 false true 2759500000 2759.5 false false No definition available. No authoritative reference available. true 27 2 us-gaap_CommitmentsAndContingencies2009 us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 - false false 2 false false 0 0 - false false No definition available. No authoritative reference available. false 28 2 us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. false 29 2 us-gaap_PreferredStockValue us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 0 0 false false 2 false true 0 0 false false No definition available. No authoritative reference available. false 30 2 us-gaap_AdditionalPaidInCapital us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 380700000 380.7 false false 2 false true 392700000 392.7 false false No definition available. No authoritative reference available. false 31 2 us-gaap_RetainedEarningsAccumulatedDeficit us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 3199000000 3199.0 false false 2 false true 3023200000 3023.2 false false No definition available. No authoritative reference available. false 32 2 us-gaap_TreasuryStockValue us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true -4310300000 -4310.3 false false 2 false true -4361600000 -4361.6 false false No definition available. No authoritative reference available. false 33 2 us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true -30100000 -30.1 false false 2 false true -52100000 -52.1 false false No definition available. No authoritative reference available. false 34 2 us-gaap_StockholdersEquity us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true -757300000 -757.3 false false 2 false true -994400000 -994.4 false false No definition available. No authoritative reference available. true 35 2 us-gaap_MinorityInterest us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 7800000 7.8 false false 2 false true 8300000 8.3 false false No definition available. No authoritative reference available. false 36 2 us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true -749500000 -749.5 false false 2 false true -986100000 -986.1 false false No definition available. No authoritative reference available. true 38 2 us-gaap_LiabilitiesAndStockholdersEquity us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 1873800000 1873.8 false false 2 false true 1773400000 1773.4 false false No definition available. No authoritative reference available. true 39 0 na true na na na No definition available. false true false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. No authoritative reference available. false 66 2 us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. false 75 2 us-gaap_CommonStockValue us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 0 0 false false 2 false true 0 0 false false No definition available. No authoritative reference available. false 77 0 na true na na na No definition available. false true false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. No authoritative reference available. false 104 2 us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. false 113 2 us-gaap_CommonStockValue us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 true true 3400000 3.4 false false 2 true true 3400000 3.4 false false No definition available. No authoritative reference available. false false 2 42 false HundredThousands UnKnown UnKnown false true XML 15 FilingSummary.xml IDEA: XBRL DOCUMENT 1.0.0.3 true Sheet 11 - Statement - Statement Of Income Alternative Statement Of Income Alternative R1.xml false Sheet 12 - Statement - Statement Of Financial Position Classified Statement Of Financial Position Classified R2.xml false Sheet 13 - Statement - Statement Of Financial Position Classified (Parenthetical) Statement Of Financial Position Classified (Parenthetical) R3.xml false Sheet 14 - Statement - Statement Of Cash Flows Indirect Statement Of Cash Flows Indirect R4.xml false Notes 15 - Disclosure - Notes to Financial Statements Notes to Financial Statements R5.xml false Sheet 16 - Disclosure - Document Information Document Information R6.xml false Sheet 17 - Disclosure - Entity Information Entity Information R7.xml false Book All Reports All Reports 1 14 2 0 3 127 false false eol_PE50902---0910-Q0002_STD_p6m_20081231_0 1 eol_PE50902---0910-Q0002_STD_Inst_20080630_0_411809x401105 1 eol_PE50902---0910-Q0002_STD_Inst_20081231_0 38 eol_PE50902---0910-Q0002_STD_Inst_20090630_0_411809x407778 5 eol_PE50902---0910-Q0002_STD_Inst_20090630_0 38 eol_PE50902---0910-Q0002_STD_Inst_20081231_0_411809x407778 5 eol_PE50902---0910-Q0002_STD_Inst_20080630_0 1 eol_PE50902---0910-Q0002_STD_p3m_20090630_0 20 eol_PE50902---0910-Q0002_STD_p6m_20090630_0 82 eol_PE50902---0910-Q0002_STD_p3m_20080630_0 20 eol_PE50902---0910-Q0002_STD_p6m_20080630_0 53 eol_PE50902---0910-Q0002_STD_Inst_20081231_0_411809x401105 4 eol_PE50902---0910-Q0002_STD_Inst_20071231_0 1 eol_PE50902---0910-Q0002_STD_Inst_20090630_0_411809x401105 5 true true EXCEL 16 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls MT,\1X*&Q&N$`````````````````````/@`#`/[_"0`&```````````````" M`````0``````````$```U`````$```#^____```````````"````________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M_______________________]_____O____W___\$````!0````8````'```` M"`````D````*````"P````P````-````#@````\````0````$0```!(````3 M````%````!4````6````%P```!@````9````&@```!L````<````'0```!X` M```?````(````"$````B````(P```"0````E````)@```"<````H````*0`` M`"H````K````+````"T````N````+P```#`````Q````,@```#,````T```` M-0```#8````W````.````#D````Z````.P```#P````]````/@```#\```!` M````00```$(```!#````1````$4```!&````1P```$@```!)````2@```$L` M``!,````30```$X```!/````4````%$```!2````4P```%0```!5````5@`` M`%<```!8````60```%H```!;````7````%T```!>````7P```&````!A```` M8@```&,```!D````90```&8```!G````:````&D```!J````:P```&P```!M M````;@```&\```!P````<0```'(```!S````=````'4```!V````=P```'@` M``!Y````>@```'L```!\````?0```'X```!_````@````%(`;P!O`'0`(`!% M`&X`=`!R`'D````````````````````````````````````````````````` M```````````6``4`__________\"```````````````````````````````` M`````````)#\Y,\@'````GP```*````"A M````H@```*,```"D````I0```*8```"G````J````*D```"J````JP```*P` M``"M````K@```*\```"P````L0```+(```"S````M````+4```"V````MP`` M`+@```"Y````N@```+L```"\````O0```+X```"_````P````,$```#"```` MPP```,0```#%````Q@```,<```#(````R0```,H```#+````S````,T```#. 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-----END PRIVACY-ENHANCED MESSAGE-----