SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2017

Transition adjustment	Estimated benefit to / (reduction of) January 1, 2018 Retained Earnings
Recognition of MA deferred revenue⁽¹⁾	Approximately $105 million
Increase to capitalized MA sales commissions⁽²⁾	Approximately $76 million
Net impact of all other adjustments	Approximately $4 million
Capitalization of work-in-process for in-progress ratings	Approximately $9 million
Net increase in tax liability on the above	(Approximately $45 million)
Total anticipated post-tax adjustment	Approximately $149 million
⁽¹⁾ Represents anticipated deferred revenue as of December 31, 2017 that would have been recognized as revenue in 2017 or earlier if the new standard was then in effect. The transition adjustment will continue to be refined as the Company finalizes its implementation of the aforementioned software solution.
⁽²⁾ Pending finalization of the final fourth quarter MA sales commission payout to be made during the first quarter.