MOODYS CORP /DE/ Fair Value Disclosure
| Fair value Measurement as of December 31, 2025 | |||||||||||||||||||||||
| Description | Balance | Level 1 | Level 2 | ||||||||||||||||||||
| Assets: | |||||||||||||||||||||||
Derivatives (1) | $ | 9 | $ | — | $ | 9 | |||||||||||||||||
Money market funds/mutual funds | 113 | 113 | — | ||||||||||||||||||||
| Total | $ | 122 | $ | 113 | $ | 9 | |||||||||||||||||
| Liabilities: | |||||||||||||||||||||||
Derivatives (1) | $ | 540 | $ | — | $ | 540 | |||||||||||||||||
| Total | $ | 540 | $ | — | $ | 540 | |||||||||||||||||
| Fair Value Measurement as of December 31, 2024 | |||||||||||||||||||||||
| Description | Balance | Level 1 | Level 2 | ||||||||||||||||||||
| Assets: | |||||||||||||||||||||||
Derivatives (1) | $ | 58 | $ | — | $ | 58 | |||||||||||||||||
Money market funds/mutual funds | 108 | 108 | — | ||||||||||||||||||||
| Total | $ | 166 | $ | 108 | $ | 58 | |||||||||||||||||
| Liabilities: | |||||||||||||||||||||||
Derivatives (1) | $ | 216 | $ | — | $ | 216 | |||||||||||||||||
| Total | $ | 216 | $ | — | $ | 216 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 15, 2023 | |
| 2021 | Feb 22, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 24, 2020 | |
| 2018 | Feb 25, 2019 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.