SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 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.

	Year Ended December 31,
	2012									2011
	MIS		MA		Eliminations			Consolidated		MIS		MA		Eliminations			Consolidated
Revenue	$	1,958.3	$	855.3	$	(83.3	)	$	2,730.3	$	1,634.7	$	722.4	$	(76.4	)	$	2,280.7
Operating, SG&A		967.1		663.4		(83.3	)		1,547.2		833.6		555.9		(76.4	)		1,313.1
Adjusted Operating Income		991.2		191.9		—			1,183.1		801.1		166.5		—			967.6
Depreciation and amortization		44.3		49.2		—			93.5		41.3		37.9		—			79.2
Goodwill impairment charge		—		12.2					12.2		—		—		—			—
Operating income	$	946.9	$	130.5	$	—		$	1,077.4	$	759.8	$	128.6	$	—		$	888.4

	Year Ended December 31,
	2010
	MIS		MA		Eliminations			Consolidated
Revenue	$	1,466.3	$	636.3	$	(70.6	)	$	2,032.0
Operating, SG&A		783.9		479.5		(70.6	)		1,192.8
Adjusted Operating Income		682.4		156.8		-			839.2
Depreciation and amortization		35.2		31.1		-			66.3
Restructuring		—		0.1		-			0.1
Operating income	$	647.2	$	125.6	$	-		$	772.8

Revenue by Line of Business within Each Reportable Segment

The tables below present revenue by LOB:

	Year Ended December 31,
	2012			2011			2010
MIS:
Corporate finance (CFG)	$	857.6		$	652.1		$	563.9
Structured finance (SFG)		381.0			344.6			290.8
Financial institutions (FIG)		325.5			294.9			278.7
Public, project and infrastructure finance (PPIF)		322.7			277.3			271.6
Total external revenue		1,886.8			1,568.9			1,405.0
Intersegment royalty		71.5			65.8			61.3
Total		1,958.3			1,634.7			1,466.3
MA:
Research, data and analytics (RD&A)		491.0			451.3			425.0
Enterprise Risk Solutions (ERS)		242.6			196.1			180.7
Professional services (PS)		109.9			64.4			21.3
Total external revenue		843.5			711.8			627.0
Intersegment revenue		11.8			10.6			9.3
Total		855.3			722.4			636.3
Eliminations		(83.3	)		(76.4	)		(70.6	)
Total MCO	$	2,730.3		$	2,280.7		$	2,032.0

Consolidated Revenue Information by Geographic Area

CONSOLIDATED REVENUE INFORMATION BY GEOGRAPHIC AREA

	Year Ended December 31,
	2012		2011		2010
Revenue:
U.S.	$	1,464.1	$	1,177.0	$	1,089.5
International:
EMEA		820.7		708.4		627.4
Other		445.5		395.3		315.1
Total International		1,266.2		1,103.7		942.5
Total	$	2,730.3	$	2,280.7	$	2,032.0
Long-lived assets at December 31:
United States	$	498.4	$	495.8	$	476.5
International		672.3		727.5		477.1
Total	$	1,170.7	$	1,223.3	$	953.6

Total Assets by Segment

TOTAL ASSETS BY SEGMENT

	December 31, 2012								December 31, 2011
	MIS		MA		Corporate Assets (a)		Consolidated		MIS		MA		Corporate Assets (a)		Consolidated
Total Assets	$	884.9	$	1,386.7	$	1,689.3	$	3,960.9	$	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 tax assets.