SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2012

Financial Information by Segment

The table below shows revenue, Adjusted Operating Income and operating income by reportable segment. Adjusted Operating Income is a financial metric utilized by the Company’s chief operating decision maker to assess the profitability of each reportable segment.

	Three Months Ended September 30,
	2012									2011
	MIS		MA		Eliminations			Consolidated		MIS		MA		Eliminations			Consolidated
Revenue	$	491.3	$	218.1	$	(20.9	)	$	688.5	$	368.2	$	182.5	$	(19.4	)	$	531.3
Operating, SG&A		252.4		163.2		(20.9	)		394.7		200.5		134.9		(19.4	)		316.0
Adjusted Operating Income		238.9		54.9		—			293.8		167.7		47.6		—			215.3
Depreciation and amortization		11.0		13.1		—			24.1		9.9		9.1		—			19.0
Restructuring		—		—		—			—		0.2		—		—			0.2
Operating income	$	227.9	$	41.8	$	—		$	269.7	$	157.6	$	38.5	$	—		$	196.1
	Nine Months Ended September 30,
	2012									2011
	MIS		MA		Eliminations			Consolidated		MIS		MA		Eliminations			Consolidated
Revenue	$	1,419.8	$	617.7	$	(61.4	)	$	1,976.1	$	1,251.0	$	519.4	$	(56.8	)	$	1,713.6
Operating, SG&A		684.0		466.6		(61.4	)		1,089.2		606.1		389.4		(56.8	)		938.7
Adjusted Operating Income		735.8		151.1		—			886.9		644.9		130.0		—			774.9
Depreciation and amortization		32.9		36.8		—			69.7		31.0		27.5		—			58.5
Restructuring		—		—		—			—		0.1		—		—			0.1
Operating income	$	702.9	$	114.3	$	—		$	817.2	$	613.8	$	102.5	$	—		$	716.3

Revenue by Line of Business within Each Reportable Segment

The table below presents revenue by LOB within each reportable segment:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
MIS:
Corporate finance (CFG)	$	220.7		$	129.0		$	612.7		$	510.9
Structured finance (SFG)		93.1			82.0			278.1			257.7
Financial institutions (FIG)		82.7			72.1			239.3			228.1
Public, project and infrastructure finance (PPIF)		77.0			68.3			237.3			205.3
Total external revenue		473.5			351.4			1,367.4			1,202.0
Intersegment royalty		17.8			16.8			52.4			49.0
Total		491.3			368.2			1,419.8			1,251.0
MA:
Research, data and analytics (RD&A)		123.8			115.3			364.7			335.9
Enterprise risk solutions (ERS)		64.0			50.8			163.6			135.7
Professional services (PS)		27.2			13.8			80.4			40.0
Total external revenue		215.0			179.9			608.7			511.6
Intersegment revenue		3.1			2.6			9.0			7.8
Total		218.1			182.5			617.7			519.4
Eliminations		(20.9	)		(19.4	)		(61.4	)		(56.8	)
Total MCO	$	688.5		$	531.3		$	1,976.1		$	1,713.6

Consolidated Revenue Information by Geographic Area

Consolidated Revenue Information by Geographic Area:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
United States	$	375.4	$	274.3	$	1,063.2	$	890.7
International:
EMEA		203.3		163.1		590.4		532.1
Other		109.8		93.9		322.5		290.8
Total International		313.1		257.0		912.9		822.9
Total	$	688.5	$	531.3	$	1,976.1	$	1,713.6

Total Assets by Segment

Total Assets by Segment:

	September 30, 2012								December 31, 2011
	MIS		MA		Corporate Assets (a)		Consolidated		MIS		MA		Corporate Assets (a)		Consolidated
Total Assets	$	912.6		1,262.2		1,487.5	$	3,662.3	$	725.9		1,289.7		860.5	$	2,876.1

(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.