GOODWILL AND OTHER ACQUIRED INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2016

Activity in Goodwill

	Nine Months Ended September 30, 2016
	MIS						MA						Consolidated
	Gross goodwill		Accumulated impairment charge		Net goodwill		Gross goodwill		Accumulated impairment charge		Net goodwill		Gross goodwill		Accumulated impairment charge		Net goodwill
Balance at beginning of year	$	284.4	$	-	$	284.4	$	704.1	$	(12.2)	$	691.9	$	988.5	$	(12.2)	$	976.3
Additions/adjustments		-		-		-		60.9		-		60.9		60.9		-		60.9
Foreign currency translation adjustments		(5.1)		-		(5.1)		8.7		-		8.7		3.6		-		3.6
Ending balance	$	279.3	$	-	$	279.3	$	773.7	$	(12.2)	$	761.5	$	1,053.0	$	(12.2)	$	1,040.8
	Year ended December 31, 2015
	MIS						MA						Consolidated
	Gross goodwill		Accumulated impairment charge		Net goodwill		Gross goodwill		Accumulated impairment charge		Net goodwill		Gross goodwill		Accumulated impairment charge		Net goodwill
Balance at beginning of year	$	298.7	$	-	$	298.7	$	734.6	$	(12.2)	$	722.4	$	1,033.3	$	(12.2)	$	1,021.1
Additions/adjustments		3.7		-		3.7		5.0		-		5.0		8.7		-		8.7
Foreign currency translation adjustments		(18.0)		-		(18.0)		(35.5)		-		(35.5)		(53.5)		-		(53.5)
Ending balance	$	284.4	$	-	$	284.4	$	704.1	$	(12.2)	$	691.9	$	988.5	$	(12.2)	$	976.3

Acquired Intangible Assets and Related Amortization

		September 30,		December 31,
		2016		2015
Customer relationships		$	313.9	$	298.4
Accumulated amortization			(121.9)		(110.0)
	Net customer relationships		192.0		188.4
Trade secrets			30.0		29.7
Accumulated amortization			(25.0)		(23.1)
	Net trade secrets		5.0		6.6
Software			91.3		74.7
Accumulated amortization			(55.3)		(47.7)
	Net software		36.0		27.0
Trade names			75.3		72.4
Accumulated amortization			(19.0)		(16.2)
	Net trade names		56.3		56.2
Other (1)			43.5		44.3
Accumulated amortization			(25.0)		(23.4)
	Net other		18.5		20.9
Total acquired intangible assets, net		$	307.8	$	299.1
	(1)Other intangible assets primarily consist of databases, covenants not to compete, and acquired ratings methodologies and models.

Amortization Expense Relating to Acquired Intangible Assets

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Amortization expense	$	8.9	$	7.6	$	25.5	$	24.1

Estimated Future Amortization Expense for Acquired Intangible Assets Subject to Amortization

Year Ending December 31,
2016 (after September 30)	$	8.7
2017		31.9
2018		26.2
2019		23.1
2020		21.4
Thereafter		196.5
Total estimated future amortization	$	307.8