SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2016

Financial Information by Segment

		Three Months Ended June 30,
		2016								2015
		MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue		$	650.2	$	306.1	$	(27.4)	$	928.9	$	662.9	$	282.0	$	(26.8)	$	918.1
Operating, SG&A			281.3		233.6		(27.4)		487.5		287.0		210.7		(26.8)		470.9
Adjusted Operating Income			368.9		72.5		-		441.4		375.9		71.3		-		447.2
Less:
	Depreciation and amortization		18.2		13.0		-		31.2		15.8		12.1		-		27.9
Operating income		$	350.7	$	59.5	$	-	$	410.2	$	360.1	$	59.2	$	-	$	419.3
		Six Months Ended June 30,
		2016								2015
		MIS		MA		Eliminations		Consolidated		MIS		MA		Eliminations		Consolidated
Revenue		$	1,199.3	$	599.9	$	(54.2)	$	1,745.0	$	1,287.5	$	548.6	$	(52.4)	$	1,783.7
Operating, SG&A			559.9		463.9		(54.2)		969.6		568.3		420.7		(52.4)		936.6
Adjusted Operating Income			639.4		136.0		-		775.4		719.2		127.9		-		847.1
Less:
	Depreciation and amortization		35.7		25.4		-		61.1		31.8		24.7		-		56.5
Operating income		$	603.7	$	110.6	$	-	$	714.3	$	687.4	$	103.2	$	-	$	790.6

Revenue by Line of Business within Each Reportable Segment

		Three Months Ended June 30,				Six Months Ended June 30,
		2016		2015		2016		2015
MIS:
Corporate finance (CFG)		$	304.8	$	319.6	$	545.1	$	618.3
Structured finance (SFG)			111.5		121.2		202.1		222.5
Financial institutions (FIG)			89.7		90.4		184.6		184.2
Public, project and infrastructure finance (PPIF)			112.3		99.9		203.8		200.6
	Total ratings revenue		618.3		631.1		1,135.6		1,225.6
MIS Other			7.3		8.1		15.1		15.9
	Total external revenue		625.6		639.2		1,150.7		1,241.5
Intersegment royalty			24.6		23.7		48.6		46.0
	Total		650.2		662.9		1,199.3		1,287.5
MA:
Research, data and analytics (RD&A)			168.3		157.5		333.2		307.1
Enterprise risk solutions (ERS)			97.5		83.2		187.0		160.3
Professional services (PS)			37.5		38.2		74.1		74.8
	Total external revenue		303.3		278.9		594.3		542.2
Intersegment revenue			2.8		3.1		5.6		6.4
	Total		306.1		282.0		599.9		548.6
Eliminations			(27.4)		(26.8)		(54.2)		(52.4)
	Total MCO	$	928.9	$	918.1	$	1,745.0	$	1,783.7

Consolidated Revenue Information by Geographic Area

Consolidated Revenue Information by Geographic Area:
		Three Months Ended June 30,				Six Months Ended June 30,
		2016		2015		2016		2015
United States		$	545.9	$	545.9	$	1,025.9	$	1,045.7
International:
	EMEA		229.3		217.4		439.5		445.0
	Asia-Pacific		97.5		99.2		179.5		185.3
	Americas		56.2		55.6		100.1		107.7
Total International			383.0		372.2		719.1		738.0
Total		$	928.9	$	918.1	$	1,745.0	$	1,783.7