SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2014

Financial Information by Segment

		Three Months Ended September 30,
		2014								2013
		MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue		$	565.4	$	276.4	$	(25.7)	$	816.1	$	497.7	$	230.4	$	(22.6)	$	705.5
Operating, SG&A			260.8		208.1		(25.7)		443.2		235.6		177.6		(22.6)		390.6
Adjusted Operating Income			304.6		68.3		-		372.9		262.1		52.8		-		314.9
Less:
	Depreciation and amortization		11.5		11.7		-		23.2		12.1		11.3		-		23.4
Operating income		$	293.1	$	56.6	$	-	$	349.7	$	250.0	$	41.5	$	-	$	291.5
		Nine Months Ended September 30,
		2014								2013
		MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue		$	1,756.3	$	776.2	$	(75.7)	$	2,456.8	$	1,594.1	$	665.2	$	(66.0)	$	2,193.3
Operating, SG&A			775.4		594.1		(75.7)		1,293.8		756.1		510.4		(66.0)		1,200.5
Adjusted Operating Income			980.9		182.1		-		1,163.0		838.0		154.8		-		992.8
Less:
	Depreciation and amortization		34.3		34.3		-		68.6		34.9		35.2		-		70.1
Operating income		$	946.6	$	147.8	$	-	$	1,094.4	$	803.1	$	119.6	$	-	$	922.7

Revenue by Line of Business within Each Reportable Segment

		Three Months Ended September 30,				Nine Months Ended September 30,
		2014		2013		2014		2013
MIS:
Corporate finance (CFG)		$	260.7	$	233.0	$	846.0	$	754.2
Structured finance (SFG)			102.1		83.5		308.0		273.7
Financial institutions (FIG)			91.8		78.9		269.4		249.9
Public, project and infrastructure finance (PPIF)			88.5		82.7		267.2		258.8
	Total external revenue		543.1		478.1		1,690.6		1,536.6
Intersegment royalty			22.3		19.6		65.7		57.5
	Total		565.4		497.7		1,756.3		1,594.1
MA:
Research, data and analytics (RD&A)			146.8		133.7		432.4		393.6
Enterprise risk solutions (ERS)			81.1		64.4		208.1		177.6
Professional services (PS)			45.1		29.3		125.7		85.5
	Total external revenue		273.0		227.4		766.2		656.7
Intersegment revenue			3.4		3.0		10.0		8.5
	Total		276.4		230.4		776.2		665.2
Eliminations			(25.7)		(22.6)		(75.7)		(66.0)
	Total MCO	$	816.1	$	705.5	$	2,456.8	$	2,193.3

Consolidated Revenue Information by Geographic Area

Consolidated Revenue Information by Geographic Area:
		Three Months Ended September 30,				Nine Months Ended September 30,
		2014		2013		2014		2013
United States		$	449.1	$	391.0	$	1,335.8	$	1,209.3
International:
	EMEA		231.4		207.4		715.3		637.0
	Asia-Pacific		79.3		62.1		237.8		205.8
	Americas		56.3		45.0		167.9		141.2
Total International			367.0		314.5		1,121.0		984.0
Total		$	816.1	$	705.5	$	2,456.8	$	2,193.3