XML 63 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2017
Gilliland Gold Young (GGY) [Member]  
Consideration to The Step Acquisition
Cash paid at closing$83.4
Additional consideration paid to sellers in the third quarter 2016(1)3.1
Total consideration $86.5
(1) Represents additional consideration paid to the sellers for amounts withheld at closing pending the completion of certain administrative matters
Summary of Fair Values of Assets Acquired and Liabilities Assumed
Current assets$11.7
Property and equipment, net2.0
Indemnification assets1.5
Intangible assets:
Trade name (19 year weighted average life)$3.7
Customer relationships (21 year weighted average life)13.8
Software (7 year weighted average life)16.6
Total intangible assets (14 year weighted average life)34.1
Goodwill59.4
Liabilities(22.2)
Net assets acquired$86.5
Bureau Van Dijk [Member]  
Summary of Fair Values of Assets Acquired and Liabilities Assumed
(Amounts in millions)
Current assets$158.4
Property and equipment, net4.2
Intangible assets:
Customer relationships (23 year weighted average life)$998.7
Product technology (12 year weighted average life)258.5
Trade name (18 year weighted average life)82.3
Database (10 year weighted average life)12.9
Total intangible assets (21 year weighted average life)1,352.4
Goodwill2,619.0
Other assets5.9
Liabilities
Deferred revenue$(101.1)
Accounts payable and accrued liabilities(48.6)
Deferred tax liabilities, net(329.8)
Other liabilities (118.4)
Total liabilities(597.9)
Net assets acquired$3,542.0
BvD Pro Forma Information
(Amounts in millions)For the year ended December 31, 2017For the year ended December 31, 2016
Pro forma Revenue$ 4,414.8 $ 3,825.8
Pro forma Net Income attributable to Moody's$ 1,011.6 $ 240.6