SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2015

Financial Information by Segment

		Three Months Ended September 30,
		2015								2014
		MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue		$	571.6	$	290.1	$	(26.8)	$	834.9	$	568.8	$	273.0	$	(25.7)	$	816.1
Operating, SG&A			268.1		215.6		(26.8)		456.9		263.4		205.5		(25.7)		443.2
Adjusted Operating Income			303.5		74.5		-		378.0		305.4		67.5		-		372.9
Less:
	Depreciation and amortization		16.9		11.4		-		28.3		11.6		11.6		-		23.2
Operating income		$	286.6	$	63.1	$	-	$	349.7	$	293.8	$	55.9	$	-	$	349.7
		Nine Months Ended September 30,
		2015								2014
		MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue		$	1,859.1	$	838.7	$	(79.2)	$	2,618.6	$	1,766.3	$	766.2	$	(75.7)	$	2,456.8
Operating, SG&A			836.4		636.3		(79.2)		1,393.5		783.7		585.8		(75.7)		1,293.8
Adjusted Operating Income			1,022.7		202.4		-		1,225.1		982.6		180.4		-		1,163.0
Less:
	Depreciation and amortization		48.7		36.1		-		84.8		34.4		34.2		-		68.6
Operating income		$	974.0	$	166.3	$	-	$	1,140.3	$	948.2	$	146.2	$	-	$	1,094.4

Revenue by Line of Business within Each Reportable Segment

		Three Months Ended September 30,				Nine Months Ended September 30,
		2015		2014		2015		2014
MIS:
Corporate finance (CFG)		$	248.3	$	260.7	$	866.6	$	846.0
Structured finance (SFG)			112.5		102.1		335.0		308.0
Financial institutions (FIG)			89.5		91.8		273.7		269.4
Public, project and infrastructure finance (PPIF)			90.6		88.5		291.2		267.2
	Total ratings revenue		540.9		543.1		1,766.5		1,690.6
MIS Other			7.2		3.5		23.1		10.1
	Total external revenue		548.1		546.6		1,789.6		1,700.7
Intersegment royalty			23.5		22.2		69.5		65.6
	Total		571.6		568.8		1,859.1		1,766.3
MA:
Research, data and analytics (RD&A)			157.9		143.3		465.0		422.3
Enterprise risk solutions (ERS)			92.2		81.1		252.5		208.1
Professional services (PS)			36.7		45.1		111.5		125.7
	Total external revenue		286.8		269.5		829.0		756.1
Intersegment revenue			3.3		3.5		9.7		10.1
	Total		290.1		273.0		838.7		766.2
Eliminations			(26.8)		(25.7)		(79.2)		(75.7)
	Total MCO	$	834.9	$	816.1	$	2,618.6	$	2,456.8

Consolidated Revenue Information by Geographic Area

Consolidated Revenue Information by Geographic Area:
		Three Months Ended September 30,				Nine Months Ended September 30,
		2015		2014		2015		2014
United States		$	482.1	$	449.1	$	1,527.8	$	1,335.8
International:
	EMEA		215.4		231.4		660.4		715.3
	Asia-Pacific		85.5		79.3		270.8		237.8
	Americas		51.9		56.3		159.6		167.9
Total International			352.8		367.0		1,090.8		1,121.0
Total		$	834.9	$	816.1	$	2,618.6	$	2,456.8