Segment Information (Tables)

6 Months Ended

Jun. 30, 2011

Segment Information

Financial Information by Segment

	Three Months Ended June 30,
	2011											2010
	MIS			MA		Eliminations			Consolidated			MIS			MA			Eliminations			Consolidated
Revenue	$	454.2		$	169.8	$	(18.8	)	$	605.2		$	344.1		$	151.6		$	(17.9	)	$	477.8
Expenses:
Operating, SG&A		204.1			128.1		(18.8	)		313.4			180.3			109.4			(17.9	)		271.8
Restructuring		(0.1	)		—		—			(0.1	)		0.2			0.1			—			0.3
Depreciation and amortization		12.3			9.5		—			21.8			7.8			7.4			—			15.2
Total		216.3			137.6		(18.8	)		335.1			188.3			116.9			(17.9	)		287.3
Operating income	$	237.9		$	32.2	$	—		$	270.1		$	155.8		$	34.7		$	—		$	190.5
	Six Months Ended June 30,
	2011											2010
	MIS			MA		Eliminations			Consolidated			MIS			MA			Eliminations			Consolidated
Revenue	$	882.8		$	336.9	$	(37.4	)	$	1,182.3		$	694.9		$	295.0		$	(35.5	)	$	954.4
Expenses:
Operating, SG&A		404.2			255.9		(37.4	)		622.7			357.7			214.3			(35.5	)		536.5
Restructuring		(0.1	)		—		—			(0.1	)		(0.3	)		(0.1	)		—			(0.4	)
Depreciation and amortization		21.0			18.5		—			39.5			16.0			15.0			—			31.0
Total		425.1			274.4		(37.4	)		662.1			373.4			229.2			(35.5	)		567.1
Operating income	$	457.7		$	62.5	$	—		$	520.2		$	321.5		$	65.8		$	—		$	387.3

MIS and MA Revenue by Line of Business

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
MIS:
Corporate finance (CFG)	$	200.1		$	127.9		$	381.9		$	254.3
Structured finance (SFG)		86.3			73.1			175.7			144.6
Financial institutions (FIG)		79.1			63.2			156.0			139.4
Public, project and infrastructure finance (PPIF)		72.5			64.4			137.0			125.8
Total external revenue		438.0			328.6			850.6			664.1
Intersegment royalty		16.2			15.5			32.2			30.8
Total		454.2			344.1			882.8			694.9
MA:
Research, data and analytics (RD&A)		111.0			105.2			220.6			209.8
Risk management software (RMS)		40.0			39.2			79.6			72.5
Professional services		16.2			4.8			31.5			8.0
Total external revenue		167.2			149.2			331.7			290.3
Intersegment license fee		2.6			2.4			5.2			4.7
Total		169.8			151.6			336.9			295.0
Eliminations		(18.8	)		(17.9	)		(37.4	)		(35.5	)
Total MCO	$	605.2		$	477.8		$	1,182.3		$	954.4

Consolidated Revenue Information by Geographic Area

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
United States	$	315.0	$	261.5	$	616.4	$	516.1
International:
EMEA		185.7		144.9		369.0		298.4
Other		104.5		71.4		196.9		139.9
Total International		290.2		216.3		565.9		438.3
Total	$	605.2	$	477.8	$	1,182.3	$	954.4

Total Assets by Segment

	June 30, 2011								December 31, 2010
	MIS		MA		Corporate Assets (a)		Consolidated		MIS		MA		Corporate Assets (a)		Consolidated
Total Assets	$	888.5		827.0		1,029.1	$	2,744.6	$	639.0		910.0		991.3	$	2,540.3

(a) Represents common assets that are shared between each segment or utilized by the corporate entity. Such assets primarily include cash and cash equivalents, short-term investments, unallocated property and equipment and deferred taxes.