Deferred cost balance

Moody's·Business Segments·2 segments·Rolls up to Capitalized Contract Cost, Net

Breakdown

Segment	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
MA	$183.00M	$232.00M	$268.00M	$294.00M	$337.00M
MIS	$14.00M	$12.00M	$9.00M	$12.00M	$15.00M
Total	—	—	—	—	—

Segments