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

		March 31,		December 31,
		2014		2013
Other current assets:
	Prepaid taxes	$	44.4	$	40.0
	Prepaid expenses		55.4		48.1
	Other		19.8		26.3

Total other current assets		$	119.6	$	114.4

		March 31,		December 31,
		2014		2013
Other assets:
	Investments in joint ventures	$	39.9	$	37.5
	Deposits for real-estate leases		10.5		10.3
	Indemnification assets related to acquisitions		26.3		27.0
	Other		29.9		37.3

Total other assets		$	106.6	$	112.1

		March 31,		December 31,
		2014		2013
Accounts payable and accrued liabilities:
	Salaries and benefits	$	79.2	$	77.1
	Incentive compensation		30.3		135.9
	Customer credits, advanced payments and advanced billings		4.0		21.7
	Self-insurance reserves		27.1		27.6
	Dividends		4.1		65.5
	Professional service fees		39.1		32.9
	Interest accrued on debt		8.9		36.3
	Accounts payable		16.5		16.4
	Income taxes		0.4		47.5
	Pension and other retirement employee benefits		7.1		7.0
	Other		95.7		71.0

	Total accounts payable and accrued liabilities	$	312.4	$	538.9

		March 31,		December 31,
		2014		2013
Other liabilities:
	Pension and other retirement employee benefits	$	170.1	$	164.0
	Deferred rent-non-current portion		108.2		106.3
	Interest accrued on UTPs		14.9		18.0
	Legacy and other tax matters		15.5		15.4
	Other		46.3		56.5

	Total other liabilities	$	355.0	$	360.2

On February 21, 2014, the Company made a conditional open offer to acquire up to 2,650,000 equity shares of ICRA Limited, a leading provider of credit ratings and research in India. As of March 31, 2014, the Company has $75.4 million in escrow relating to this open tender offer. The offer is conditional upon acquiring at least 2,149,101 equity shares, which would increase Moody's ownership stake from 28.5% to just over 50.0%. Full acceptance of the offer would increase Moody's ownership stake in ICRA to approximately 55%.

The offer price, payable in cash, is 2,000 Indian rupees per share which, based on exchange rates on the date of the offer, would result in a cash payment to the sellers ranging between approximately $69 million and $85 million depending on the number of shares acquired. The tender period is expected to begin in the second quarter of 2014, subject to the completion of a review of the transaction by Indian regulatory authorities.

In connection with the acquisition of Copal, the Company and the non-controlling shareholders entered into a put/call option agreement whereby the Company has the option to purchase from the non-controlling shareholders and the non-controlling shareholders have the option to sell to the Company the remaining 33% ownership interest of Copal Partners Limited based on a strike price to be calculated on pre-determined formulas using a combination of revenue and EBITDA multiples when exercised. The value of the estimated put/call option strike price on the date of acquisition was based on a Monte Carlo simulation model. This model contemplated multiple scenarios which simulated certain of Copal's revenue, EBITDA margins and equity values to estimate the present value of the expected strike price of the option. In connection with the acquisition of Amba in December 2013, which was combined with Copal to form the Copal Amba reporting unit, the aforementioned revenue and EBITDA multiples set forth in the put/call option were modified to include the results of Amba. The option is subject to a minimum exercise price of $46 million. There is no limit as to the maximum amount of the strike price on the put/call option.

The following table shows changes in the redeemable noncontrolling interest related to the acquisition of Copal:




			Three Months Ended		Year Ended
			March 31, 2014		December 31, 2013
(in millions)		Redeemable Noncontrolling Interest

Balance January 1,		$	80.0	$	72.3
	Net earnings		2.3		5.8
	Dividends		(1.7)		(6.0)
	Adjustment to redemption value *		25.9		7.9
Balance		$	106.5	$	80.0

	* The adjustment to the redemption value in the three months ended March 31, 2014 reflects the aforementioned revisions to the revenue and EBITDA multiples pursuant to the amendment of the put/call agreement which occurred contemporaneously with the acquisition of Amba coupled with growth in the Copal Amba reporting unit.

The following table summarizes the changes in the Company's noncontrolling interests:

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



		Three Months Ended		Year Ended
		March 31,		December 31,
(in millions)		2014		2013
Beginning balance		$	27.6	$	55.8
	Accruals (reversals), net		6.4		(0.9)
	Payments		(6.9)		(27.3)
Ending balance*		$	27.1	$	27.6

* These reserves primarily relate to legal defense costs for claims from prior years.