MSCI (MSCI) 10-Q 23 Apr 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	Apr. 16, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-33812
Entity Registrant Name	MSCI INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-4038723
Entity Address, Address Line One	7 World Trade Center
Entity Address, Address Line Two	250 Greenwich Street, 49th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10007
City Area Code	212
Local Phone Number	804-3900
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	MSCI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		79,224,201
Entity Central Index Key	0001408198
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents (includes restricted cash of $3,842 and $3,878 at March 31, 2024 and December 31, 2023, respectively)	$ 519,315	$ 461,693
Accounts receivable (net of allowances of $4,326 and $3,968 at March 31, 2024 and December 31, 2023, respectively)	745,611	839,555
Prepaid income taxes	44,027	59,002
Prepaid and other assets	55,964	57,903
Total current assets	1,364,917	1,418,153
Property, equipment and leasehold improvements, net	55,802	55,920
Right of use assets	132,270	115,243
Goodwill	2,890,519	2,887,692
Intangible assets, net	948,479	956,234
Deferred tax assets	38,886	41,074
Other non-current assets	47,716	43,903
Total assets	5,478,589	5,518,219
Current liabilities:
Accounts payable	12,048	9,812
Income taxes payable	44,733	24,709
Accrued compensation and related benefits	84,582	219,456
Current portion of long-term debt	0	10,902
Other accrued liabilities	173,628	168,282
Deferred revenue	1,053,961	1,083,864
Total current liabilities	1,368,952	1,517,025
Long-term debt	4,507,686	4,496,826
Long-term operating lease liabilities	135,043	120,134
Deferred tax liabilities	17,737	27,028
Other non-current liabilities	99,688	96,970
Total liabilities	6,129,106	6,257,983
Commitments and Contingencies (see Note 8)
Shareholders’ equity (deficit):
Preferred stock (par value $0.01; 100,000,000 shares authorized; no shares issued)	0	0
Common stock (par value $0.01; 750,000,000 common shares authorized; 134,070,097 and 133,817,332 common shares issued and 79,224,049 and 79,091,212 common shares outstanding at March 31, 2024 and December 31, 2023, respectively)	1,341	1,338
Treasury shares, at cost (54,846,048 and 54,726,120 common shares held at March 31, 2024 and December 31, 2023, respectively)	(6,517,130)	(6,447,101)
Additional paid in capital	1,622,638	1,587,670
Retained earnings	4,306,191	4,179,681
Accumulated other comprehensive loss	(63,557)	(61,352)
Total shareholders’ equity (deficit)	(650,517)	(739,764)
Total liabilities and shareholders’ equity (deficit)	$ 5,478,589	$ 5,518,219

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Restricted cash, current	$ 3,842	$ 3,878
Accounts receivable, allowance for credit loss, current	$ 4,326	$ 3,968
Preferred stock, par value (in USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares issued (in shares)	134,070,097	133,817,332
Common stock, shares outstanding (in shares)	79,224,049	79,091,212
Shares repurchased (in shares)	54,846,048	54,726,120

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Operating revenues	$ 679,965	$ 592,218
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization)	128,514	108,647
Selling and marketing	72,168	66,475
Research and development	40,525	31,323
General and administrative	56,691	41,044
Amortization of intangible assets	38,604	24,667
Depreciation and amortization of property, equipment and leasehold improvements	4,081	5,460
Total operating expenses	340,583	277,616
Operating income	339,382	314,602
Interest income	(6,048)	(10,362)
Interest expense	46,674	46,206
Other expense (income)	2,863	2,386
Other expense (income), net	43,489	38,230
Income before provision for income taxes	295,893	276,372
Provision for income taxes	39,939	37,644
Net income	$ 255,954	$ 238,728
Earnings per share:
Basic (in USD per share)	$ 3.23	$ 2.98
Diluted (in USD per share)	$ 3.22	$ 2.97
Weighted average shares outstanding:
Basic (in USD per share)	79,195	80,041
Diluted (in USD per share)	79,508	80,482

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 255,954	$ 238,728
Other comprehensive income (loss):
Foreign currency translation adjustments	(2,542)	4,362
Income tax effect	329	(1,108)
Foreign currency translation adjustments, net	(2,213)	3,254
Pension and other post-retirement adjustments	21	(513)
Income tax effect	(13)	34
Pension and other post-retirement adjustments, net	8	(479)
Other comprehensive (loss) income, net of tax	(2,205)	2,775
Comprehensive income	$ 253,749	$ 241,503

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2022	$ (1,007,925)	$ 1,336	$ (5,938,116)	$ 1,515,874	$ 3,473,192	$ (60,211)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	238,728				238,728
Dividends declared	(111,986)				(111,986)
Dividends paid in shares	44			44
Other comprehensive (loss) income, net of tax	2,775					2,775
Common stock issued	2	2
Shares withheld for tax withholding	(43,960)		(43,960)
Compensation payable in common stock	20,988			20,988
Common stock repurchased and held in treasury	0
Common stock issued to Directors and (held in)/released from treasury	(30)		(30)
Ending Balance at Mar. 31, 2023	(901,364)	1,338	(5,982,106)	1,536,906	3,599,934	(57,436)
Beginning Balance at Dec. 31, 2023	(739,764)	1,338	(6,447,101)	1,587,670	4,179,681	(61,352)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	255,954				255,954
Dividends declared	(129,444)				(129,444)
Dividends paid in shares	74			74
Other comprehensive (loss) income, net of tax	(2,205)					(2,205)
Common stock issued	3	3
Shares withheld for tax withholding	(69,991)		(69,991)
Compensation payable in common stock	34,894			34,894
Common stock repurchased and held in treasury	0
Common stock issued to Directors and (held in)/released from treasury	(38)		(38)
Ending Balance at Mar. 31, 2024	$ (650,517)	$ 1,341	$ (6,517,130)	$ 1,622,638	$ 4,306,191	$ (63,557)

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividend declared per common share (in USD per share)	$ 1.60	$ 1.38

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Net income	$ 255,954	$ 238,728
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets	38,604	24,667
Stock-based compensation expense	34,336	21,088
Depreciation and amortization of property, equipment and leasehold improvements	4,081	5,460
Amortization of right of use assets	5,813	5,782
Amortization of debt origination fees	1,280	1,264
Loss on extinguishment of debt	1,510	0
Deferred taxes	(7,625)	(2,254)
Other adjustments	(3,533)	3,906
Changes in assets and liabilities:
Accounts receivable	91,109	22,489
Prepaid income taxes	14,874	3,396
Prepaid and other assets	1,427	(1,194)
Other non-current assets	73	(2,333)
Accounts payable	2,045	(6,327)
Income taxes payable	22,154	19,179
Accrued compensation and related benefits	(132,328)	(108,252)
Other accrued liabilities	3,086	8,305
Deferred revenue	(25,949)	34,427
Long-term operating lease liabilities	(5,666)	(5,047)
Other non-current liabilities	(1,108)	941
Other	0	(84)
Net cash provided by operating activities	300,137	264,141
Cash flows from investing activities
Capitalized software development costs	(19,966)	(15,351)
Capital expenditures	(4,271)	(6,225)
Acquisition of a business, net of cash acquired	(7,820)	0
Other	(276)	(186)
Net cash used in investing activities	(32,333)	(21,762)
Cash flows from financing activities
Repurchase of common stock held in treasury	(69,991)	(43,960)
Payment of dividends	(131,305)	(112,145)
Repayment of borrowings	(339,063)	(2,188)
Proceeds from borrowings	336,875	0
Payment of debt issuance costs	(3,739)	0
Net cash (used in) provided by financing activities	(207,223)	(158,293)
Effect of exchange rate changes	(2,959)	2,958
Net (decrease) increase in cash, cash equivalents and restricted cash	57,622	87,044
Cash, cash equivalents and restricted cash, beginning of period	461,693	993,564
Cash, cash equivalents and restricted cash, end of period	519,315	1,080,608
Supplemental disclosure of cash flow information:
Cash paid for interest	34,050	33,803
Cash paid for income taxes, net of refunds received	11,393	18,965
Supplemental disclosure of non-cash investing activities
Property, equipment and leasehold improvements in other accrued liabilities	2,668	5,156
Supplemental disclosure of non-cash financing activities
Cash dividends declared, but not yet paid	$ 368	$ 511

INTRODUCTION AND BASIS OF PRESE

INTRODUCTION AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
INTRODUCTION AND BASIS OF PRESENTATION	INTRODUCTION AND BASIS OF PRESENTATION MSCI Inc., together with its wholly owned subsidiaries (the “Company” or “MSCI”) is a leading provider of critical decision support tools and solutions for the global investment community. Our mission-critical offerings help investors address the challenges of a transforming investment landscape and power better investment decisions. Leveraging our knowledge of the global investment process and our expertise in research, data and technology, we enable our clients to understand and analyze key drivers of risk and return and confidently and efficiently build more effective portfolios. Our products and services include indexes; portfolio construction and risk management tools; environmental, social and governance (“ESG”) and climate solutions; and private asset data and analysis. Basis of Presentation and Use of Estimates The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. If not materially different, certain note disclosures included therein have been omitted from these interim condensed consolidated financial statements. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair statement of the interim consolidated financial statements, have been included. The results of operations for interim periods are not necessarily indicative of results for the entire year. The Company’s unaudited condensed consolidated financial statements are prepared in accordance with GAAP. The Company makes certain estimates and judgments that can affect the reported amounts of assets and liabilities as of the date of the unaudited condensed consolidated financial statements, as well as the reported amounts of operating revenues and expenses during the periods presented. Significant estimates and judgments made by management include such examples as assessment of impairment of goodwill and intangible assets and income taxes. The Company believes that estimates used in the preparation of these unaudited condensed consolidated financial statements are reasonable; however, actual results could differ materially from these estimates. Inter-company balances and transactions are eliminated in consolidation. Concentrations For the three months ended March 31, 2024 and 2023, BlackRock, Inc. (“BlackRock”) accounted for 10.0% and 10.2% of the Company’s consolidated operating revenues, respectively. For the three months ended March 31, 2024 and 2023, BlackRock accounted for 17.9% and 17.4% of the Index segment’s operating revenues, respectively. No single customer represented 10.0% or more of operating revenues within the Analytics, ESG and Climate or All Other – Private Assets segments for the three months ended March 31, 2024 and 2023. Allowance for Credit Losses Changes in the allowance for credit losses from December 31, 2022 to March 31, 2024 were as follows: (in thousands) Amount Balance as of December 31, 2022 $ 2,652 Addition to credit loss expense 2,196 Write-offs, net of recoveries (880) Balance as of December 31, 2023 $ 3,968 Addition to credit loss expense 404 Write-offs, net of recoveries (46) Balance as of March 31, 2024 $ 4,326

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In November 2023, the FASB issued Accounting Standards Update No. 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” or ASU 2023-07. The amendments in ASU 2023-07 aim to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent interim periods, with early adoption permitted. The Company is currently evaluating the impact of this update on disclosures within its consolidated financial statements. In December 2023, the FASB issued Accounting Standards Update No. 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” or ASU 2023-09. The amendments in ASU 2023-09 aim to enhance the transparency and decision usefulness of income tax disclosures. ASU 2023-09 is effective for the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, with early adoption permitted. The Company is currently evaluating the impact of this update on disclosures within its consolidated financial statements.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION MSCI’s operating revenues are reported by product type, which generally reflects the timing of recognition. The Company’s operating revenue types are recurring subscriptions, asset-based fees and non-recurring revenues. The Company also disaggregates operating revenues by segment. The tables that follow present the disaggregated operating revenues for the periods indicated: For the Three Months Ended March 31, 2024 Segments (in thousands) Index Analytics ESG and Climate All Other - Private Assets Total Operating Revenue Types Recurring subscriptions $ 212,952 $ 160,551 $ 76,418 $ 63,134 $ 513,055 Asset-based fees 150,259 — — — 150,259 Non-recurring 10,661 3,415 1,466 1,109 16,651 Total $ 373,872 $ 163,966 $ 77,884 $ 64,243 $ 679,965 For the Three Months Ended March 31, 2023 Segments (in thousands) Index Analytics ESG and Climate All Other - Private Assets Total Operating Revenue Types Recurring subscriptions $ 196,678 $ 144,503 $ 65,732 $ 38,334 $ 445,247 Asset-based fees 133,126 — — — 133,126 Non-recurring 9,578 2,567 1,326 374 13,845 Total $ 339,382 $ 147,070 $ 67,058 $ 38,708 $ 592,218 The tables that follow present the change in accounts receivable, net of allowances, and current deferred revenue between the dates indicated: (in thousands) Accounts receivable, net of allowances Deferred revenue Opening (December 31, 2023) $ 839,555 $ 1,083,864 Closing (March 31, 2024) 745,611 1,053,961 Increase/(decrease) $ (93,944) $ (29,903) (in thousands) Accounts receivable, net of allowances Deferred revenue Opening (December 31, 2022) $ 663,236 $ 882,886 Closing (March 31, 2023) 641,584 920,255 Increase/(decrease) $ (21,652) $ 37,369 The amounts of revenues recognized in the periods that were included in the opening current deferred revenue, which reflects contract liability amounts, were $420.3 million and $356.6 million for the three months ended March 31, 2024 and 2023 respectively. The difference between the opening and closing balances of the Company’s deferred revenue was primarily driven by an increase in amortization of deferred revenue to operating revenues, partially offset by an increase in billings. As of March 31, 2024 and December 31, 2023, the Company carried a long-term deferred revenue balance of $28.2 million and $28.8 million, respectively, in “Other non-current liabilities” on the Unaudited Condensed Consolidated Statement of Financial Condition. For contracts that have a duration of one year or less, the Company has not disclosed either the remaining performance obligation as of the end of the reporting period or when the Company expects to recognize the revenue. The remaining performance obligations for contracts that have a duration of greater than one year and the periods in which they are expected to be recognized are as follows: As of March 31, (in thousands) 2024 First 12-month period $ 843,534 Second 12-month period 519,558 Third 12-month period 246,238 Periods thereafter 171,962 Total $ 1,781,292

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the assumed conversion of all dilutive securities, including, when applicable, restricted stock units (“RSUs”), performance stock units (“PSUs”) and performance stock options (“PSOs”). The following table presents the computation of basic and diluted EPS: Three Months Ended (in thousands, except per share data) 2024 2023 Net income $ 255,954 $ 238,728 Basic weighted average common shares outstanding 79,195 80,041 Effect of dilutive securities: PSUs, RSUs and PSOs 313 441 Diluted weighted average common shares outstanding 79,508 80,482 Earnings per common share: Basic $ 3.23 $ 2.98 Diluted $ 3.22 $ 2.97

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS On October 2, 2023, the Company acquired the remaining 66.4% interest in The Burgiss Group, LLC (“Burgiss”) for $696.8 million in cash (the “step acquisition”). The Company’s existing 33.6% interest in Burgiss had a fair value at acquisition date of $353.2 million which resulted in a non-taxable gain of $143.0 million which the Company recognized during the three months ended December 31, 2023. The acquisition of Burgiss will provide the Company with comprehensive data and deep expertise in private assets, enabling investors to evaluate fundamental information, measure and compare performance, understand exposures, manage risk, and conduct robust analytics. The step acquisition has been accounted for as a business combination using the acquisition method of accounting and its results are reported within the Private Capital Solutions operating segment within the All Other – Private Assets reportable segment. With the step acquisition, the Company renamed the Burgiss operating segment to Private Capital Solutions. Prior to the step acquisition, Burgiss was accounted for as an equity-method investment. Therefore, MSCI did not recognize the proportionate share of Burgiss’ operating revenues, rather, the Company’s proportionate share of the income or loss of Burgiss was reported as a component of other (expense) income, net. A portion of Burgiss’s client agreements do not have automatic renewal clauses at the end of the subscription period. Due to the historically high retention rate and expectation that a substantial portion of the client agreements will be renewed and the nature of the subscription service, the associated revenue is recorded as recurring subscription revenue. The table below represents the preliminary purchase price allocation to total assets acquired and liabilities assumed and the associated estimated useful lives as of the acquisition date. (in thousands) Estimated Fair Value Cash and cash equivalents $ 5,397 Accounts receivable 25,848 Prepaid Income Taxes 30 Other current assets 4,178 Property, equipment and leasehold improvements, net 670 Right of use assets 3,443 Other non-current assets 471 Deferred revenue (21,479) Other current liabilities (13,185) Long-term operating lease liabilities (2,525) Intangible assets: Proprietary data 11 years 229,900 Customer relationships 21 years 179,900 Acquired technology and software 3 years 19,000 Trademarks 1 year 900 Goodwill 617,386 Net assets acquired $ 1,049,934 The Company, with the assistance of third-party valuation experts, calculated the fair values of intangible assets using the relief from royalty method for proprietary data, acquired technology and software and trademarks and the multi-period excess earnings method for customer relationships. The significant assumptions used to estimate the fair value of the acquired intangible assets included forecasted cash flows, which were determined based on certain assumptions that included, among others, projected future revenues, and expected market royalty rates, technology obsolescence rates and discount rates. The weighted average amortization period of the acquired intangible assets was 14.8 years. The recorded goodwill is primarily attributable to the utilization of the acquired data as well as expanded market opportunities. Goodwill attributable to the acquisition is deductible for federal income tax purposes to the extent of consideration paid. Revenue of Burgiss recognized within the consolidated financial statements was $24.2 million for the three months ended March 31, 2024. On November 1, 2023, MSCI completed the acquisition of Trove Research Ltd (“Trove”), a carbon markets intelligence provider. Trove is a part of the ESG and Climate operating segment. On January 2, 2024, MSCI completed the acquisition of Fabric RQ, Inc. (“Fabric”), a wealth technology platform specializing in portfolio design, customization and analytics for wealth managers and advisors. Fabric is a part of the Analytics operating segment. The contingent consideration related to Fabric is payable based upon the future product sales of the acquired business. The Company recognizes the fair value of contingent consideration at the date of acquisition at fair value. The liability associated with any contingent consideration is remeasured to fair value at each reporting date subsequent to the acquisition and changes in the fair value are recorded in the Unaudited Condensed Consolidated Statements of Income. The following table presents the preliminary acquired balances related to the acquisitions of Trove and Fabric: (in thousands, except weighted average amortization period of intangible asset) Trove Fabric Acquisition Date November 1, 2023 January 2, 2024 Cash payments $ 37,473 $ 7,959 Contingent consideration liability (1) — 8,146 Aggregate purchase price $ 37,473 $ 16,105 Net tangible assets acquired (liabilities assumed) $ (4,787) $ (226) Intangible assets 7,705 11,300 Goodwill 34,555 5,031 Aggregate purchase price $ 37,473 $ 16,105 Weighted average amortization period of intangible assets (years) 13.0 9.1 ___________________________ (1) The fair value of the contingent consideration upon closing of the acquisition of Fabric was $8.1 million. As of March 31, 2024, the fair value of the contingent consideration was $8.3 million, of which $1.8 million is included in “Other accrued liabilities” and $6.5 million is included in “Other non-current liabilities” on the Unaudited Condensed Consolidated Statement of Financial Condition, and is classified as Level 3 within the fair value hierarchy. The recorded goodwill for Trove is primarily attributable to the utilization of the acquired data as well as expanded market opportunities and for Fabric is primarily attributable to the utilization of the acquired technology platform. Goodwill attributable to the acquisitions of Fabric and Trove are not deductible for federal income tax purposes. Revenue of Trove and Fabric recognized within the consolidated financial statements was $1.3 million and $0.2 million for the three months ended March 31, 2024, respectively.

PROPERTY, EQUIPMENT AND LEASEHO

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET	PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET Property, equipment and leasehold improvements, net consisted of the following as of the dates indicated: As of March 31, December 31, (in thousands) 2024 2023 Computer & related equipment $ 170,762 $ 192,008 Furniture & fixtures 15,990 16,169 Leasehold improvements 56,636 58,582 Work-in-process 982 897 Subtotal 244,370 267,656 Accumulated depreciation and amortization (188,568) (211,736) Property, equipment and leasehold improvements, net $ 55,802 $ 55,920

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	GOODWILL AND INTANGIBLE ASSETS, NET Goodwill The following table presents goodwill by reportable segment: (in thousands) Index Analytics ESG and Climate All Other - Private Assets Total Goodwill at December 31, 2023 $ 1,203,435 $ 290,976 $ 84,724 $ 1,308,557 $ 2,887,692 Acquisitions (1) — 5,031 (357) (1,030) 3,644 Foreign exchange translation adjustment (291) — (347) (179) (817) Goodwill at March 31, 2024 $ 1,203,144 $ 296,007 $ 84,020 $ 1,307,348 $ 2,890,519 ___________________________ (1) Reflects the impact of the acquisitions of Fabric, Trove and Burgiss. Intangible Assets, Net The following table presents the amount of amortization expense related to intangible assets by category for the periods indicated: Three Months Ended (in thousands) 2024 2023 Amortization expense of acquired intangible assets $ 25,267 $ 15,831 Amortization expense of internally developed capitalized software 13,337 8,836 Total amortization of intangible assets expense $ 38,604 $ 24,667 The gross carrying and accumulated amortization amounts related to the Company’s intangible assets were as follows: March 31, 2024 December 31, 2023 (in thousands) Gross intangible assets: Accumulated amortization: Net intangible assets: Gross intangible assets: Accumulated amortization: Net intangible assets: Customer relationships $ 710,995 $ (349,868) $ 361,127 $ 709,299 $ (340,248) $ 369,051 Proprietary data 452,207 (74,675) 377,532 452,543 (64,694) 387,849 Acquired technology and software 238,285 (188,492) 49,793 228,785 (185,583) 43,202 Trademarks 209,090 (174,222) 34,868 209,090 (171,715) 37,375 Internally developed capitalized software 256,288 (131,129) 125,159 237,060 (118,303) 118,757 Total $ 1,866,865 $ (918,386) $ 948,479 $ 1,836,777 $ (880,543) $ 956,234 The following table presents the estimated amortization expense for the remainder of the year ending December 31, 2024 and succeeding years: Years Ending December 31, Amortization Remainder of 2024 $ 119,766 2025 134,968 2026 99,687 2027 71,025 2028 66,577 Thereafter 456,456 Total $ 948,479

DEBT

DEBT	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
DEBT	DEBT As of March 31, 2024, the Company had outstanding an aggregate of $4,200.0 million in senior unsecured notes (collectively, the “Senior Notes”) and $336.9 million under the Revolving Credit Facility (as defined below) as presented in the table below: Principal Carrying Carrying Fair Fair (in thousands) Maturity Date March 31, 2024 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Debt 4.000% senior unsecured notes due 2029 November 15, 2029 $ 1,000,000 $ 993,909 $ 993,637 $ 927,200 $ 941,090 3.625% senior unsecured notes due 2030 September 1, 2030 900,000 895,752 895,587 799,911 815,526 3.875% senior unsecured notes due 2031 February 15, 2031 1,000,000 992,434 992,161 892,390 914,360 3.625% senior unsecured notes due 2031 November 1, 2031 600,000 595,017 594,852 521,682 529,458 3.250% senior unsecured notes due 2033 August 15, 2033 700,000 693,699 693,532 578,179 586,509 Variable rate Tranche A Term Loans due 2027 February 16, 2027 — — 337,959 — 337,367 Variable rate revolving loan commitments (1) January 26, 2029 336,875 336,875 — 333,506 — Total debt $ 4,536,875 $ 4,507,686 $ 4,507,728 $ 4,052,868 $ 4,124,310 ___________________________ (1) As of March 31, 2024 there were $4.8 million in unamortized deferred financing fees associated with the variable rate revolving loan commitments of which $1.0 million is included in “Prepaid and other assets,” and $3.8 million is included in “Other non-current assets” on the Unaudited Condensed Consolidated Statement of Financial Condition. Maturities of the Company’s principal debt payments as of March 31, 2024 are as follows: Maturity of Principal Debt Payments Amounts Remainder of 2024 $ — 2025 — 2026 — 2027 — 2028 — Thereafter 4,536,875 Total debt $ 4,536,875 Interest payments attributable to the Company’s outstanding indebtedness are due as presented in the following table: Interest payment frequency First interest Senior Notes and Revolving Loan Commitments 4.000% senior unsecured notes due 2029 Semi-Annual May 15 3.625% senior unsecured notes due 2030 Semi-Annual March 1 3.875% senior unsecured notes due 2031 Semi-Annual June 1 3.625% senior unsecured notes due 2031 Semi-Annual May 1 3.250% senior unsecured notes due 2033 Semi-Annual February 15 Variable rate revolving loan commitments (1) Variable February 26 ___________________________ (1) The first payment occurred on February 26, 2024. The fair market value of the Company’s debt obligations represent Level 2 valuations. The Company utilized the market approach and obtained security pricing from a vendor who used broker quotes and third-party pricing services to determine fair values. Credit Agreement. Since November 20, 2014, the Company has maintained a revolving credit agreement with a syndicate of banks. On January 26, 2024, the Company entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”), amending and restating in its entirety the Company’s prior Amended and Restated Credit Agreement (the “Prior Credit Agreement”). The Credit Agreement makes available to the Company an aggregate of $1,250.0 million of revolving loan commitments under a revolving credit facility (the “Revolving Credit Facility”), which may be drawn until January 26, 2029. At the closing of the Credit Agreement, the Company drew $336.9 million on the Revolving Credit Facility and primarily used the proceeds to prepay all senior unsecured Tranche A Term Loans (the “Tranche A Term Loans”) under the term loan A facility (the “TLA Facility”) under the Prior Credit Agreement. The obligations under the Credit Agreement are general unsecured obligations of the Company. The prepayment of the Tranche A Term Loans and the entry into the Credit Agreement resulted in an approximately $1.5 million loss on extinguishment related to unamortized debt issuance costs. The loss on extinguishment was recorded in “Other expense (income)” on the Unaudited Condensed Consolidated Statement of Income. Interest on the revolving loans under the Credit Agreement accrues, at a variable rate, based on the secured overnight funding rate (“SOFR”) or the alternate base rate (“Base Rate”), plus, in each case, an applicable margin to be determined based on the credit ratings of the Company’s senior, unsecured long-term debt and will be due on each Interest Payment Date (as defined in the Credit Agreement). So long as the credit rating for the Company’s senior, unsecured long-term debt is set at BBB-/BBB- by each of S&P and Fitch, respectively, the applicable margin is 0.50% for Base Rate loans, and 1.50% for SOFR loans. At March 31, 2024, the interest rate on the revolving loans was 6.93%. Interest on the Tranche A Term Loans under the TLA Facility accrued, at a variable rate, based on the secured overnight funding rate (“SOFR”) or the alternate base rate (“Base Rate”), plus, in each case, an applicable margin and was due on each Interest Payment Date (as defined in the Prior Credit Agreement). The applicable margin was calculated by reference to the Company’s Consolidated Leverage Ratio (as defined in the Credit Agreement) and ranged between 1.50% to 2.00% for SOFR loans, and 0.50% to 1.00% for Base Rate loans. In connection with the closings of the Senior Notes offerings, entry into the Prior Credit Agreement and the subsequent amendments thereto and entry into the Credit Agreement, the Company paid certain financing fees which, together with the existing fees related to prior credit facilities, are being amortized over their related lives. At March 31, 2024, $33.9 million of the deferred financing fees and premium remain unamortized, $1.0 million of which is included in “Prepaid and other assets,” $3.8 million of which is included in “Other non-current assets” and $29.1 million of which is included in “Long-term debt” on the Unaudited Condensed Consolidated Statement of Financial Condition.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
LEASES	LEASES The components of lease expense (income) of the Company’s operating leases are as follows: Three Months Ended (in thousands) 2024 2023 Operating lease expenses $ 7,139 $ 7,114 Variable lease costs 1,069 891 Short-term lease costs 215 251 Sublease income (828) (1,276) Total lease costs $ 7,595 $ 6,980 Maturities of the Company’s operating lease liabilities as of March 31, 2024 are as follows: Maturity of Lease Liabilities Operating (in thousands) Leases Remainder of 2024 $ 21,777 2025 31,114 2026 29,499 2027 23,649 2028 23,095 Thereafter 51,854 Total lease payments $ 180,988 Less: Interest (22,199) Present value of lease liabilities $ 158,789 Other accrued liabilities $ 23,746 Long-term operating lease liabilities $ 135,043 Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows: As of March 31, December 31, Lease Term and Discount Rate 2024 2023 Weighted-average remaining lease term (years) 6.68 7.04 Weighted-average discount rate 3.94 % 3.66 % Other information related to the Company’s operating leases are as follows: Other Information Three Months Ended (in thousands) 2024 2023 Operating cash flows used for operating leases $ 7,626 $ 7,408 Right of use assets obtained in exchange for new $ 23,237 $ 3,432

SHAREHOLDERS' EQUITY (DEFICIT)

SHAREHOLDERS' EQUITY (DEFICIT)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
SHAREHOLDERS' EQUITY (DEFICIT)	SHAREHOLDERS’ EQUITY (DEFICIT) Return of capital On July 28, 2022, the Board of Directors authorized a stock repurchase program (the “2022 Repurchase Program”) for the purchase of up to $1,000.0 million worth of shares of MSCI’s common stock in addition to the $539.1 million of authorization then remaining under a previously existing share repurchase program that was replaced by, and incorporated into, the 2022 Repurchase Program for a total of $1,539.1 million of stock repurchase authorization available under the 2022 Repurchase Program. Share repurchases made pursuant to the 2022 Repurchase Program may take place in the open market or in privately negotiated transactions from time to time based on market and other conditions. This authorization may be modified, suspended or terminated by the Board of Directors at any time without prior notice. As of March 31, 2024, there was $845.7 million of available authorization remaining under the 2022 Repurchase Program. The Company did not repurchase any of the Company’s common stock on the open market during each of the three months ended March 31, 2024 and 2023. The following table presents dividends declared per common share as well as total amounts declared, distributed and deferred for the periods indicated: Dividends (in thousands, except per share data) Per Share Declared Distributed (Released)/Deferred Three Months Ended March 31, 2024 $ 1.60 $ 129,444 $ 131,378 $ (1,934) Three Months Ended March 31, 2023 $ 1.38 $ 111,986 $ 112,189 $ (203) Common Stock The following table presents activity related to shares of common stock issued and repurchased during the three months ended March 31, 2024: Common Stock Treasury Common Stock Issued Stock Outstanding Balance at December 31, 2023 133,817,332 (54,726,120) 79,091,212 Dividend payable/paid 61 — 61 Common stock issued 252,637 — 252,637 Shares withheld for tax withholding — (119,861) (119,861) Shares repurchased under stock repurchase programs — — — Shares issued to directors 67 (67) — Balance at March 31, 2024 134,070,097 (54,846,048) 79,224,049

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s provision for income taxes was $39.9 million and $37.6 million for the three months ended March 31, 2024 and 2023, respectively. The effective tax rate of 13.5% for the three months ended March 31, 2024 reflects the Company’s estimate of the effective tax rate for the period and was impacted by certain favorable discrete items totaling $20.2 million, primarily related to $13.0 million of excess tax benefits recognized on share-based compensation vested during the period and $7.2 million of tax benefits related to prior year items. The effective tax rate of 13.6% for the three months ended March 31, 2023 reflects the Company’s estimate of the effective tax rate for the period and was impacted by certain favorable discrete items totaling $16.5 million, primarily related to $11.1 million of excess tax benefits recognized on share-based compensation vested during the period and $4.6 million of tax benefits related to the resolution of prior year items. The Company is under or open to examination by the IRS and other tax authorities in certain jurisdictions, including foreign jurisdictions, such as the United Kingdom, Switzerland and India, and states in the United States in which the Company has significant operations, such as New York and California. The tax years currently under or open to examination vary by jurisdiction but include years from 2008 onwards. The Company regularly assesses the likelihood of additional assessments in each of the taxing jurisdictions in which it files income tax returns. The Company has established unrecognized tax benefits that the Company believes are adequate in relation to the potential for additional assessments. Once established, the Company adjusts unrecognized tax benefits only when more information is available or when an event occurs necessitating a change. Based on the current status of income tax audits, the Company believes it is reasonably possible that the total amount of unrecognized benefits may decrease by approximately $22.1 million in the next twelve months as a result of the resolution of prior year items.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company has five operating segments: Index, Analytics, ESG and Climate, Real Assets and Private Capital Solutions, which are presented as the following four reportable segments: Index, Analytics, ESG and Climate and All Other – Private Assets. During the year ended December 31, 2023, the Company renamed the Burgiss operating segment to Private Capital Solutions. The operating segments of Real Assets and Private Capital Solutions do not individually meet the segment reporting thresholds and have been combined and presented as part of All Other – Private Assets reportable segment. Prior to the step acquisition of Burgiss on October 2, 2023, the Company’s ownership interest in Burgiss was classified as an equity-method investment. Therefore, prior to the acquisition of Burgiss, the All Other – Private Assets segment did not include the Company’s proportionate share of operating revenues and Adjusted EBITDA related to Burgiss. The Company’s proportionate share of the income or loss from its equity-method investment in Burgiss was not a component of Adjusted EBITDA as it was reported as a component of other (expense) income, net. Following the acquisition, the consolidated results of Burgiss were included in the Company’s Private Capital Solutions operating segment. The Index operating segment offers equity and fixed income indexes. The indexes are used in many areas of the investment process, including for developing indexed financial products (e.g., Exchange Traded Funds (“ETFs”), mutual funds, annuities, futures, options, structured products and over-the-counter derivatives), performance benchmarking, portfolio construction and rebalancing, and asset allocation. The Analytics operating segment offers risk management, performance attribution and portfolio management content, applications and services that provide clients with an integrated view of risk and return and tools for analyzing market, credit, liquidity, counterparty and climate risk across all major asset classes, spanning short-, medium- and long-term time horizons. Clients access Analytics tools and content through MSCI’s proprietary applications and application programming interfaces, third-party applications or directly through their own platforms. Additionally, the Analytics operating segment also provides various managed services to help clients operate more efficiently, including consolidation of client portfolio data from various sources, review and reconciliation of input data and results, and customized reporting. The ESG and Climate operating segment offers products and services that help institutional investors understand how ESG and climate considerations can impact the long-term risk and return of their portfolio and individual security-level investments. In addition, the ESG and Climate operating segment provides data, ratings, research and tools to help investors navigate increasing regulation, meet new client demands and better integrate ESG and climate elements into their investment processes. The Real Assets operating segment offers data, benchmarks, return-analytics, climate assessments and market insights for tangible assets such as real estate and infrastructure. In addition, Real Assets performance and risk analytics range from enterprise-wide to property-specific analysis. The Real Assets operating segment also provides business intelligence products to real estate owners, managers, developers and brokers worldwide. The Private Capital Solutions operating segment offers a suite of tools to help private asset investors across mission-critical workflows, such as sourcing terms and conditions, evaluating operating performance of underlying portfolio companies, managing risk and other activities supporting private capital investing. The Chief Operating Decision Maker (“CODM”) measures and evaluates reportable segments based on segment operating revenues as well as Adjusted EBITDA and other measures. The Company excludes the following items from segment Adjusted EBITDA: provision for income taxes, other expense (income), net, depreciation and amortization of property, equipment and leasehold improvements, amortization of intangible assets and, at times, certain other transactions or adjustments, including certain acquisition-related integration and transaction costs, that the CODM does not consider for the purposes of making decisions to allocate resources among segments or to assess segment performance. Although these amounts are excluded from segment Adjusted EBITDA, they are included in reported consolidated net income and are included in the reconciliation that follows. The following table presents operating revenues by reportable segment for the periods indicated: Three Months Ended (in thousands) 2024 2023 Operating revenues Index $ 373,872 $ 339,382 Analytics 163,966 147,070 ESG and Climate 77,884 67,058 All Other - Private Assets 64,243 38,708 Total $ 679,965 $ 592,218 The following table presents segment profitability and a reconciliation to net income for the periods indicated: Three Months Ended (in thousands) 2024 2023 Index Adjusted EBITDA $ 277,760 $ 253,682 Analytics Adjusted EBITDA 72,212 60,780 ESG and Climate Adjusted EBITDA 21,091 17,876 All Other - Private Assets Adjusted EBITDA 12,510 12,391 Total operating segment profitability 383,573 344,729 Amortization of intangible assets 38,604 24,667 Depreciation and amortization of property, equipment and leasehold improvements 4,081 5,460 Acquisition-related integration and transaction costs (1) 1,506 — Operating income 339,382 314,602 Other expense (income), net 43,489 38,230 Provision for income taxes 39,939 37,644 Net income $ 255,954 $ 238,728 ___________________________ (1) Represents transaction expenses and other costs directly related to the acquisition and integration of acquired businesses, including professional fees, severance expenses, regulatory filing fees and other costs, in each case that are incurred no later than 12 months after the close of the relevant acquisition. Operating revenues by geography are primarily based on the shipping address of the ultimate customer utilizing the product. The following table presents operating revenues by geographic area for the periods indicated: Three Months Ended (in thousands) 2024 2023 Operating revenues Americas: United States $ 280,675 $ 238,416 Other 30,358 27,536 Total Americas 311,033 265,952 Europe, the Middle East and Africa (“EMEA”): United Kingdom 113,294 91,660 Other 151,684 138,319 Total EMEA 264,978 229,979 Asia & Australia: Japan 26,573 26,017 Other 77,381 70,270 Total Asia & Australia 103,954 96,287 Total $ 679,965 $ 592,218 Long-lived assets consist of property, equipment and leasehold improvements, right of use assets and internally developed capitalized software, net of accumulated depreciation and amortization. The following table presents long-lived assets by geographic area on the dates indicated: As of March 31, December 31, (in thousands) 2024 2023 Long-lived assets Americas: United States $ 231,650 $ 204,238 Other 11,068 11,585 Total Americas 242,718 215,823 EMEA: United Kingdom 17,913 18,403 Other 20,840 22,072 Total EMEA 38,753 40,475 Asia & Australia: Japan 1,143 1,321 Other 29,524 31,507 Total Asia & Australia 30,667 32,828 Total $ 312,138 $ 289,126

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSOn April 22, 2024, the Board of Directors declared a quarterly cash dividend of $1.60 per share for the three months ending June 30, 2024 (“second quarter 2024”). The second quarter 2024 dividend is payable on May 31, 2024 to shareholders of record as of the close of trading on May 17, 2024

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 255,954	$ 238,728

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

INTRODUCTION AND BASIS OF PRE_2

INTRODUCTION AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation and Use of Estimates The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. If not materially different, certain note disclosures included therein have been omitted from these interim condensed consolidated financial statements. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair statement of the interim consolidated financial statements, have been included. The results of operations for interim periods are not necessarily indicative of results for the entire year.
Use of Estimates	The Company makes certain estimates and judgments that can affect the reported amounts of assets and liabilities as of the date of the unaudited condensed consolidated financial statements, as well as the reported amounts of operating revenues and expenses during the periods presented. Significant estimates and judgments made by management include such examples as assessment of impairment of goodwill and intangible assets and income taxes. The Company believes that estimates used in the preparation of these unaudited condensed consolidated financial statements are reasonable; however, actual results could differ materially from these estimates. Inter-company balances and transactions are eliminated in consolidation.
Concentrations	Concentrations For the three months ended March 31, 2024 and 2023, BlackRock, Inc. (“BlackRock”) accounted for 10.0% and 10.2% of the Company’s consolidated operating revenues, respectively. For the three months ended March 31, 2024 and 2023, BlackRock accounted for 17.9% and 17.4% of the Index segment’s operating revenues, respectively. No single customer represented 10.0% or more of operating revenues within the Analytics, ESG and Climate or All Other – Private Assets segments for the three months ended March 31, 2024 and 2023.
Recent Accounting Pronouncements	In November 2023, the FASB issued Accounting Standards Update No. 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” or ASU 2023-07. The amendments in ASU 2023-07 aim to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent interim periods, with early adoption permitted. The Company is currently evaluating the impact of this update on disclosures within its consolidated financial statements. In December 2023, the FASB issued Accounting Standards Update No. 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” or ASU 2023-09. The amendments in ASU 2023-09 aim to enhance the transparency and decision usefulness of income tax disclosures. ASU 2023-09 is effective for the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, with early adoption permitted. The Company is currently evaluating the impact of this update on disclosures within its consolidated financial statements.

INTRODUCTION AND BASIS OF PRE_3

INTRODUCTION AND BASIS OF PRESENTATION (Tables)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Changes in Allowance for Credit Losses	Changes in the allowance for credit losses from December 31, 2022 to March 31, 2024 were as follows: (in thousands) Amount Balance as of December 31, 2022 $ 2,652 Addition to credit loss expense 2,196 Write-offs, net of recoveries (880) Balance as of December 31, 2023 $ 3,968 Addition to credit loss expense 404 Write-offs, net of recoveries (46) Balance as of March 31, 2024 $ 4,326

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Operating Revenue	The tables that follow present the disaggregated operating revenues for the periods indicated: For the Three Months Ended March 31, 2024 Segments (in thousands) Index Analytics ESG and Climate All Other - Private Assets Total Operating Revenue Types Recurring subscriptions $ 212,952 $ 160,551 $ 76,418 $ 63,134 $ 513,055 Asset-based fees 150,259 — — — 150,259 Non-recurring 10,661 3,415 1,466 1,109 16,651 Total $ 373,872 $ 163,966 $ 77,884 $ 64,243 $ 679,965 For the Three Months Ended March 31, 2023 Segments (in thousands) Index Analytics ESG and Climate All Other - Private Assets Total Operating Revenue Types Recurring subscriptions $ 196,678 $ 144,503 $ 65,732 $ 38,334 $ 445,247 Asset-based fees 133,126 — — — 133,126 Non-recurring 9,578 2,567 1,326 374 13,845 Total $ 339,382 $ 147,070 $ 67,058 $ 38,708 $ 592,218
Schedule of Change in Accounts Receivable and Current Deferred Revenue	The tables that follow present the change in accounts receivable, net of allowances, and current deferred revenue between the dates indicated: (in thousands) Accounts receivable, net of allowances Deferred revenue Opening (December 31, 2023) $ 839,555 $ 1,083,864 Closing (March 31, 2024) 745,611 1,053,961 Increase/(decrease) $ (93,944) $ (29,903) (in thousands) Accounts receivable, net of allowances Deferred revenue Opening (December 31, 2022) $ 663,236 $ 882,886 Closing (March 31, 2023) 641,584 920,255 Increase/(decrease) $ (21,652) $ 37,369
Schedule of Remaining Performance Obligations	The remaining performance obligations for contracts that have a duration of greater than one year and the periods in which they are expected to be recognized are as follows: As of March 31, (in thousands) 2024 First 12-month period $ 843,534 Second 12-month period 519,558 Third 12-month period 246,238 Periods thereafter 171,962 Total $ 1,781,292

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Computation of Basic and Diluted EPS	The following table presents the computation of basic and diluted EPS: Three Months Ended (in thousands, except per share data) 2024 2023 Net income $ 255,954 $ 238,728 Basic weighted average common shares outstanding 79,195 80,041 Effect of dilutive securities: PSUs, RSUs and PSOs 313 441 Diluted weighted average common shares outstanding 79,508 80,482 Earnings per common share: Basic $ 3.23 $ 2.98 Diluted $ 3.22 $ 2.97

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Components of Preliminary Purchase Price Allocation	The table below represents the preliminary purchase price allocation to total assets acquired and liabilities assumed and the associated estimated useful lives as of the acquisition date. (in thousands) Estimated Fair Value Cash and cash equivalents $ 5,397 Accounts receivable 25,848 Prepaid Income Taxes 30 Other current assets 4,178 Property, equipment and leasehold improvements, net 670 Right of use assets 3,443 Other non-current assets 471 Deferred revenue (21,479) Other current liabilities (13,185) Long-term operating lease liabilities (2,525) Intangible assets: Proprietary data 11 years 229,900 Customer relationships 21 years 179,900 Acquired technology and software 3 years 19,000 Trademarks 1 year 900 Goodwill 617,386 Net assets acquired $ 1,049,934
Schedule of Preliminary Acquired Balances Related to Acquisition	The following table presents the preliminary acquired balances related to the acquisitions of Trove and Fabric: (in thousands, except weighted average amortization period of intangible asset) Trove Fabric Acquisition Date November 1, 2023 January 2, 2024 Cash payments $ 37,473 $ 7,959 Contingent consideration liability (1) — 8,146 Aggregate purchase price $ 37,473 $ 16,105 Net tangible assets acquired (liabilities assumed) $ (4,787) $ (226) Intangible assets 7,705 11,300 Goodwill 34,555 5,031 Aggregate purchase price $ 37,473 $ 16,105 Weighted average amortization period of intangible assets (years) 13.0 9.1 ___________________________ (1) The fair value of the contingent consideration upon closing of the acquisition of Fabric was $8.1 million. As of March 31, 2024, the fair value of the contingent consideration was $8.3 million, of which $1.8 million is included in “Other accrued liabilities” and $6.5 million is included in “Other non-current liabilities” on the Unaudited Condensed Consolidated Statement of Financial Condition, and is classified as Level 3 within the fair value hierarchy.

PROPERTY, EQUIPMENT AND LEASE_2

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET (Tables)	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Equipment and Leasehold Improvements, Net	Property, equipment and leasehold improvements, net consisted of the following as of the dates indicated: As of March 31, December 31, (in thousands) 2024 2023 Computer & related equipment $ 170,762 $ 192,008 Furniture & fixtures 15,990 16,169 Leasehold improvements 56,636 58,582 Work-in-process 982 897 Subtotal 244,370 267,656 Accumulated depreciation and amortization (188,568) (211,736) Property, equipment and leasehold improvements, net $ 55,802 $ 55,920

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Change to Company's Goodwill	The following table presents goodwill by reportable segment: (in thousands) Index Analytics ESG and Climate All Other - Private Assets Total Goodwill at December 31, 2023 $ 1,203,435 $ 290,976 $ 84,724 $ 1,308,557 $ 2,887,692 Acquisitions (1) — 5,031 (357) (1,030) 3,644 Foreign exchange translation adjustment (291) — (347) (179) (817) Goodwill at March 31, 2024 $ 1,203,144 $ 296,007 $ 84,020 $ 1,307,348 $ 2,890,519 ___________________________ (1) Reflects the impact of the acquisitions of Fabric, Trove and Burgiss.
Schedule of Amortization Expense Related to Intangible Assets by Category	The following table presents the amount of amortization expense related to intangible assets by category for the periods indicated: Three Months Ended (in thousands) 2024 2023 Amortization expense of acquired intangible assets $ 25,267 $ 15,831 Amortization expense of internally developed capitalized software 13,337 8,836 Total amortization of intangible assets expense $ 38,604 $ 24,667
Schedule of Gross Carrying and Accumulated Amortization Amounts Related to Company's Intangible Assets	The gross carrying and accumulated amortization amounts related to the Company’s intangible assets were as follows: March 31, 2024 December 31, 2023 (in thousands) Gross intangible assets: Accumulated amortization: Net intangible assets: Gross intangible assets: Accumulated amortization: Net intangible assets: Customer relationships $ 710,995 $ (349,868) $ 361,127 $ 709,299 $ (340,248) $ 369,051 Proprietary data 452,207 (74,675) 377,532 452,543 (64,694) 387,849 Acquired technology and software 238,285 (188,492) 49,793 228,785 (185,583) 43,202 Trademarks 209,090 (174,222) 34,868 209,090 (171,715) 37,375 Internally developed capitalized software 256,288 (131,129) 125,159 237,060 (118,303) 118,757 Total $ 1,866,865 $ (918,386) $ 948,479 $ 1,836,777 $ (880,543) $ 956,234
Estimated Amortization Expense for Remainder of 2022 and Succeeding Years	The following table presents the estimated amortization expense for the remainder of the year ending December 31, 2024 and succeeding years: Years Ending December 31, Amortization Remainder of 2024 $ 119,766 2025 134,968 2026 99,687 2027 71,025 2028 66,577 Thereafter 456,456 Total $ 948,479

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Senior Unsecured Notes	As of March 31, 2024, the Company had outstanding an aggregate of $4,200.0 million in senior unsecured notes (collectively, the “Senior Notes”) and $336.9 million under the Revolving Credit Facility (as defined below) as presented in the table below: Principal Carrying Carrying Fair Fair (in thousands) Maturity Date March 31, 2024 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Debt 4.000% senior unsecured notes due 2029 November 15, 2029 $ 1,000,000 $ 993,909 $ 993,637 $ 927,200 $ 941,090 3.625% senior unsecured notes due 2030 September 1, 2030 900,000 895,752 895,587 799,911 815,526 3.875% senior unsecured notes due 2031 February 15, 2031 1,000,000 992,434 992,161 892,390 914,360 3.625% senior unsecured notes due 2031 November 1, 2031 600,000 595,017 594,852 521,682 529,458 3.250% senior unsecured notes due 2033 August 15, 2033 700,000 693,699 693,532 578,179 586,509 Variable rate Tranche A Term Loans due 2027 February 16, 2027 — — 337,959 — 337,367 Variable rate revolving loan commitments (1) January 26, 2029 336,875 336,875 — 333,506 — Total debt $ 4,536,875 $ 4,507,686 $ 4,507,728 $ 4,052,868 $ 4,124,310 ___________________________ (1) As of March 31, 2024 there were $4.8 million in unamortized deferred financing fees associated with the variable rate revolving loan commitments of which $1.0 million is included in “Prepaid and other assets,” and $3.8 million is included in “Other non-current assets” on the Unaudited Condensed Consolidated Statement of Financial Condition.
Schedule of Maturities of Long-Term Debt	Maturities of the Company’s principal debt payments as of March 31, 2024 are as follows: Maturity of Principal Debt Payments Amounts Remainder of 2024 $ — 2025 — 2026 — 2027 — 2028 — Thereafter 4,536,875 Total debt $ 4,536,875
Schedule of Interest Payments Due Attributable to Outstanding indebtedness	Interest payments attributable to the Company’s outstanding indebtedness are due as presented in the following table: Interest payment frequency First interest Senior Notes and Revolving Loan Commitments 4.000% senior unsecured notes due 2029 Semi-Annual May 15 3.625% senior unsecured notes due 2030 Semi-Annual March 1 3.875% senior unsecured notes due 2031 Semi-Annual June 1 3.625% senior unsecured notes due 2031 Semi-Annual May 1 3.250% senior unsecured notes due 2033 Semi-Annual February 15 Variable rate revolving loan commitments (1) Variable February 26 ___________________________ (1) The first payment occurred on February 26, 2024.

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule of Components of Lease Expense (Income), Weighted-Average Remaining Lease Term and Discount Rate, and Other Information Related to the Company's Operating Leases	The components of lease expense (income) of the Company’s operating leases are as follows: Three Months Ended (in thousands) 2024 2023 Operating lease expenses $ 7,139 $ 7,114 Variable lease costs 1,069 891 Short-term lease costs 215 251 Sublease income (828) (1,276) Total lease costs $ 7,595 $ 6,980 Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows: As of March 31, December 31, Lease Term and Discount Rate 2024 2023 Weighted-average remaining lease term (years) 6.68 7.04 Weighted-average discount rate 3.94 % 3.66 % Other information related to the Company’s operating leases are as follows: Other Information Three Months Ended (in thousands) 2024 2023 Operating cash flows used for operating leases $ 7,626 $ 7,408 Right of use assets obtained in exchange for new $ 23,237 $ 3,432
Summary of Maturities of Operating Lease Liability	Maturities of the Company’s operating lease liabilities as of March 31, 2024 are as follows: Maturity of Lease Liabilities Operating (in thousands) Leases Remainder of 2024 $ 21,777 2025 31,114 2026 29,499 2027 23,649 2028 23,095 Thereafter 51,854 Total lease payments $ 180,988 Less: Interest (22,199) Present value of lease liabilities $ 158,789 Other accrued liabilities $ 23,746 Long-term operating lease liabilities $ 135,043

SHAREHOLDERS' EQUITY (DEFICIT)

SHAREHOLDERS' EQUITY (DEFICIT) (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Schedule of Dividends Declared Per Common Share and Total Amounts Declared, Distributed and Deferred	The following table presents dividends declared per common share as well as total amounts declared, distributed and deferred for the periods indicated: Dividends (in thousands, except per share data) Per Share Declared Distributed (Released)/Deferred Three Months Ended March 31, 2024 $ 1.60 $ 129,444 $ 131,378 $ (1,934) Three Months Ended March 31, 2023 $ 1.38 $ 111,986 $ 112,189 $ (203)
Summary of Activity Related to Shares of Common Stock Issued and Repurchased	The following table presents activity related to shares of common stock issued and repurchased during the three months ended March 31, 2024: Common Stock Treasury Common Stock Issued Stock Outstanding Balance at December 31, 2023 133,817,332 (54,726,120) 79,091,212 Dividend payable/paid 61 — 61 Common stock issued 252,637 — 252,637 Shares withheld for tax withholding — (119,861) (119,861) Shares repurchased under stock repurchase programs — — — Shares issued to directors 67 (67) — Balance at March 31, 2024 134,070,097 (54,846,048) 79,224,049

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Operating Revenues by Reportable Segment	The following table presents operating revenues by reportable segment for the periods indicated: Three Months Ended (in thousands) 2024 2023 Operating revenues Index $ 373,872 $ 339,382 Analytics 163,966 147,070 ESG and Climate 77,884 67,058 All Other - Private Assets 64,243 38,708 Total $ 679,965 $ 592,218
Segment Profitability and Reconciliation to Net Income	The following table presents segment profitability and a reconciliation to net income for the periods indicated: Three Months Ended (in thousands) 2024 2023 Index Adjusted EBITDA $ 277,760 $ 253,682 Analytics Adjusted EBITDA 72,212 60,780 ESG and Climate Adjusted EBITDA 21,091 17,876 All Other - Private Assets Adjusted EBITDA 12,510 12,391 Total operating segment profitability 383,573 344,729 Amortization of intangible assets 38,604 24,667 Depreciation and amortization of property, equipment and leasehold improvements 4,081 5,460 Acquisition-related integration and transaction costs (1) 1,506 — Operating income 339,382 314,602 Other expense (income), net 43,489 38,230 Provision for income taxes 39,939 37,644 Net income $ 255,954 $ 238,728 ___________________________ (1) Represents transaction expenses and other costs directly related to the acquisition and integration of acquired businesses, including professional fees, severance expenses, regulatory filing fees and other costs, in each case that are incurred no later than 12 months after the close of the relevant acquisition.
Operating Revenues by Geographic Area	Operating revenues by geography are primarily based on the shipping address of the ultimate customer utilizing the product. The following table presents operating revenues by geographic area for the periods indicated: Three Months Ended (in thousands) 2024 2023 Operating revenues Americas: United States $ 280,675 $ 238,416 Other 30,358 27,536 Total Americas 311,033 265,952 Europe, the Middle East and Africa (“EMEA”): United Kingdom 113,294 91,660 Other 151,684 138,319 Total EMEA 264,978 229,979 Asia & Australia: Japan 26,573 26,017 Other 77,381 70,270 Total Asia & Australia 103,954 96,287 Total $ 679,965 $ 592,218
Long-Lived Assets by Geographic Area	Long-lived assets consist of property, equipment and leasehold improvements, right of use assets and internally developed capitalized software, net of accumulated depreciation and amortization. The following table presents long-lived assets by geographic area on the dates indicated: As of March 31, December 31, (in thousands) 2024 2023 Long-lived assets Americas: United States $ 231,650 $ 204,238 Other 11,068 11,585 Total Americas 242,718 215,823 EMEA: United Kingdom 17,913 18,403 Other 20,840 22,072 Total EMEA 38,753 40,475 Asia & Australia: Japan 1,143 1,321 Other 29,524 31,507 Total Asia & Australia 30,667 32,828 Total $ 312,138 $ 289,126

INTRODUCTION AND BASIS OF PRE_4

INTRODUCTION AND BASIS OF PRESENTATION - Narrative (Details) - Customer Concentration Risk - Blackrock Inc	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue from Contract with Customer, Product and Service Benchmark
Introduction And Basis Of Presentation [Line Items]
Percentage of operating revenues accounted for by major customer	10%	10.20%
Revenue from Contract with Customer, Segment Benchmark | Index
Introduction And Basis Of Presentation [Line Items]
Percentage of operating revenues accounted for by major customer	17.90%	17.40%

INTRODUCTION AND BASIS OF PRE_5

INTRODUCTION AND BASIS OF PRESENTATION - Changes in Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Accounts receivable, net of allowances
Balance at beginning of year	$ 3,968	$ 2,652
Addition to credit loss expense	404	2,196
Write-offs, net of recoveries	(46)	(880)
Balance at ending of year	$ 4,326	$ 3,968

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Operating Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation Of Revenue [Line Items]
Operating revenues	$ 679,965	$ 592,218
Index
Disaggregation Of Revenue [Line Items]
Operating revenues	373,872	339,382
Analytics
Disaggregation Of Revenue [Line Items]
Operating revenues	163,966	147,070
ESG and Climate
Disaggregation Of Revenue [Line Items]
Operating revenues	77,884	67,058
All Other - Private Assets
Disaggregation Of Revenue [Line Items]
Operating revenues	64,243	38,708
Recurring subscriptions
Disaggregation Of Revenue [Line Items]
Operating revenues	513,055	445,247
Recurring subscriptions | Index
Disaggregation Of Revenue [Line Items]
Operating revenues	212,952	196,678
Recurring subscriptions | Analytics
Disaggregation Of Revenue [Line Items]
Operating revenues	160,551	144,503
Recurring subscriptions | ESG and Climate
Disaggregation Of Revenue [Line Items]
Operating revenues	76,418	65,732
Recurring subscriptions | All Other - Private Assets
Disaggregation Of Revenue [Line Items]
Operating revenues	63,134	38,334
Asset-based fees
Disaggregation Of Revenue [Line Items]
Operating revenues	150,259	133,126
Asset-based fees | Index
Disaggregation Of Revenue [Line Items]
Operating revenues	150,259	133,126
Asset-based fees | Analytics
Disaggregation Of Revenue [Line Items]
Operating revenues	0	0
Asset-based fees | ESG and Climate
Disaggregation Of Revenue [Line Items]
Operating revenues	0	0
Asset-based fees | All Other - Private Assets
Disaggregation Of Revenue [Line Items]
Operating revenues	0	0
Non-recurring
Disaggregation Of Revenue [Line Items]
Operating revenues	16,651	13,845
Non-recurring | Index
Disaggregation Of Revenue [Line Items]
Operating revenues	10,661	9,578
Non-recurring | Analytics
Disaggregation Of Revenue [Line Items]
Operating revenues	3,415	2,567
Non-recurring | ESG and Climate
Disaggregation Of Revenue [Line Items]
Operating revenues	1,466	1,326
Non-recurring | All Other - Private Assets
Disaggregation Of Revenue [Line Items]
Operating revenues	$ 1,109	$ 374

REVENUE RECOGNITION - Schedule

REVENUE RECOGNITION - Schedule of Change in Accounts Receivable and Current Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accounts receivable, net of allowances
Accounts receivable, beginning balance	$ 839,555	$ 663,236
Accounts receivable, ending balance	745,611	641,584
Accounts receivable, increase/(decrease)	(93,944)	(21,652)
Deferred revenue
Deferred revenue, beginning balance	1,083,864	882,886
Deferred revenue, ending balance	1,053,961	920,255
Deferred revenue, increase/(decrease)	$ (29,903)	$ 37,369

REVENUE RECOGNITION - Narrative

REVENUE RECOGNITION - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Revenue Recognition [Line Items]
Revenue recognized during period included in deferred revenue	$ 420.3	$ 356.6
Disclosure of remaining performance policy	For contracts that have a duration of one year or less, the Company has not disclosed either the remaining performance obligation as of the end of the reporting period or when the Company expects to recognize the revenue.
Other Non-Current Liabilities
Revenue Recognition [Line Items]
Long-term deferred revenue	$ 28.2		$ 28.8

REVENUE RECOGNITION - Schedul_2

REVENUE RECOGNITION - Schedule of Remaining Performance Obligations (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Revenue Recognition [Line Items]
Remaining performance obligations	$ 1,781,292
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-04-01
Revenue Recognition [Line Items]
Remaining performance obligations	$ 843,534
Remaining performance obligations, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-04-01
Revenue Recognition [Line Items]
Remaining performance obligations	$ 519,558
Remaining performance obligations, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-04-01
Revenue Recognition [Line Items]
Remaining performance obligations	$ 246,238
Remaining performance obligations, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2027-04-01
Revenue Recognition [Line Items]
Remaining performance obligations	$ 171,962
Remaining performance obligations, expected timing of satisfaction, period

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net income	$ 255,954	$ 238,728
Basic weighted average common shares outstanding (in shares)	79,195	80,041
Effect of dilutive securities:
PSUs, RSUs and PSOs (in shares)	313	441
Diluted weighted average common shares outstanding (in shares)	79,508	80,482
Earnings per common share:
Basic (in USD per share)	$ 3.23	$ 2.98
Diluted (in USD per share)	$ 3.22	$ 2.97

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) - USD ($) $ in Thousands				3 Months Ended
	Jan. 02, 2024	Nov. 01, 2023	Oct. 02, 2023	Mar. 31, 2024	Dec. 31, 2023
Burgiss Group Limited Liability Company
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired			66.40%
Payments to acquire businesses, gross			$ 696,800
Existing interest in acquiree, percentage			33.60%
Fair value at acquisition date			$ 353,200
Non-taxable gain recognized					$ 143,000
Weighted average amortization period of acquired intangible assets (in years)_			14 years 9 months 18 days
Revenue of acquiree since acquisition date, actual				$ 24,200
Fabric RQ, Inc
Business Acquisition [Line Items]
Payments to acquire businesses, gross	$ 7,959
Weighted average amortization period of acquired intangible assets (in years)_	9 years 1 month 6 days
Revenue of acquiree since acquisition date, actual				200
Trove Research Ltd
Business Acquisition [Line Items]
Payments to acquire businesses, gross		$ 37,473
Weighted average amortization period of acquired intangible assets (in years)_		13 years
Revenue of acquiree since acquisition date, actual				$ 1,300

ACQUISITIONS - Components of Pr

ACQUISITIONS - Components of Preliminary Purchase Price Allocation (Details) - USD ($) $ in Thousands	Oct. 02, 2023	Mar. 31, 2024	Dec. 31, 2023
Intangible assets:
Goodwill		$ 2,890,519	$ 2,887,692
Burgiss Group Limited Liability Company
Business Acquisition [Line Items]
Cash and cash equivalents	$ 5,397
Accounts receivable	25,848
Prepaid Income Taxes	30
Other current assets	4,178
Property, equipment and leasehold improvements, net	670
Right of use assets	3,443
Other non-current assets	471
Deferred revenue	(21,479)
Other current liabilities	(13,185)
Long-term operating lease liabilities	(2,525)
Intangible assets:
Goodwill	617,386
Net assets acquired	$ 1,049,934
Estimated Useful Life	14 years 9 months 18 days
Burgiss Group Limited Liability Company | Proprietary data
Intangible assets:
Intangible assets	$ 229,900
Estimated Useful Life	11 years
Burgiss Group Limited Liability Company | Customer relationships
Intangible assets:
Intangible assets	$ 179,900
Estimated Useful Life	21 years
Burgiss Group Limited Liability Company | Acquired technology and software
Intangible assets:
Intangible assets	$ 19,000
Estimated Useful Life	3 years
Burgiss Group Limited Liability Company | Trademarks
Intangible assets:
Intangible assets	$ 900
Estimated Useful Life	1 year

ACQUISITIONS - Schedule of Prel

ACQUISITIONS - Schedule of Preliminary Acquired Balances Related to Acquisition (Details) - USD ($) $ in Thousands	Jan. 02, 2024	Nov. 01, 2023	Mar. 31, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill			$ 2,890,519	$ 2,887,692
Trove Research Ltd
Business Acquisition [Line Items]
Cash payments		$ 37,473
Contingent consideration liability		0
Aggregate purchase price		37,473
Net tangible assets acquired (liabilities assumed)		(4,787)
Intangible assets		7,705
Goodwill		34,555
Net assets acquired		$ 37,473
Weighted average amortization period of acquired intangible assets (in years)_		13 years
Fabric RQ, Inc
Business Acquisition [Line Items]
Cash payments	$ 7,959
Contingent consideration liability	8,146		8,300
Aggregate purchase price	16,105
Net tangible assets acquired (liabilities assumed)	(226)
Intangible assets	11,300
Goodwill	5,031
Net assets acquired	$ 16,105
Weighted average amortization period of acquired intangible assets (in years)_	9 years 1 month 6 days
Fabric RQ, Inc | Other Accrued liabilities
Business Acquisition [Line Items]
Contingent consideration liability			1,800
Fabric RQ, Inc | Other Non-Current Liabilities
Business Acquisition [Line Items]
Contingent consideration liability			$ 6,500

PROPERTY, EQUIPMENT AND LEASE_3

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET - Schedule of Property, Equipment and Leasehold Improvements, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Computer & related equipment	$ 170,762	$ 192,008
Furniture & fixtures	15,990	16,169
Leasehold improvements	56,636	58,582
Work-in-process	982	897
Subtotal	244,370	267,656
Accumulated depreciation and amortization	(188,568)	(211,736)
Property, equipment and leasehold improvements, net	$ 55,802	$ 55,920

PROPERTY, EQUIPMENT AND LEASE_4

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation and amortization of property, equipment and leasehold improvements	$ 4,081	$ 5,460

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS, NET - Schedule of Change to Company's Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 2,887,692
Acquisitions	3,644
Foreign exchange translation adjustment	(817)
Goodwill, ending balance	2,890,519
Index
Goodwill [Roll Forward]
Goodwill, beginning balance	1,203,435
Acquisitions	0
Foreign exchange translation adjustment	(291)
Goodwill, ending balance	1,203,144
Analytics
Goodwill [Roll Forward]
Goodwill, beginning balance	290,976
Acquisitions	5,031
Foreign exchange translation adjustment	0
Goodwill, ending balance	296,007
ESG and Climate
Goodwill [Roll Forward]
Goodwill, beginning balance	84,724
Acquisitions	(357)
Foreign exchange translation adjustment	(347)
Goodwill, ending balance	84,020
All Other - Private Assets
Goodwill [Roll Forward]
Goodwill, beginning balance	1,308,557
Acquisitions	(1,030)
Foreign exchange translation adjustment	(179)
Goodwill, ending balance	$ 1,307,348

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS, NET - Schedule of Amortization Expense Related to Intangible Assets by Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 38,604	$ 24,667
Amortization expense of acquired intangible assets
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	25,267	15,831
Amortization expense of internally developed capitalized software
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 13,337	$ 8,836

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS, NET - Schedule of Gross Carrying and Accumulated Amortization Amounts Related to Company's Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Acquired Finite Lived Intangible Assets [Line Items]
Gross intangible assets:	$ 1,866,865	$ 1,836,777
Accumulated amortization:	(918,386)	(880,543)
Net intangible assets:	948,479	956,234
Customer relationships
Acquired Finite Lived Intangible Assets [Line Items]
Gross intangible assets:	710,995	709,299
Accumulated amortization:	(349,868)	(340,248)
Net intangible assets:	361,127	369,051
Proprietary data
Acquired Finite Lived Intangible Assets [Line Items]
Gross intangible assets:	452,207	452,543
Accumulated amortization:	(74,675)	(64,694)
Net intangible assets:	377,532	387,849
Acquired technology and software
Acquired Finite Lived Intangible Assets [Line Items]
Gross intangible assets:	238,285	228,785
Accumulated amortization:	(188,492)	(185,583)
Net intangible assets:	49,793	43,202
Trademarks
Acquired Finite Lived Intangible Assets [Line Items]
Gross intangible assets:	209,090	209,090
Accumulated amortization:	(174,222)	(171,715)
Net intangible assets:	34,868	37,375
Internally developed capitalized software
Acquired Finite Lived Intangible Assets [Line Items]
Gross intangible assets:	256,288	237,060
Accumulated amortization:	(131,129)	(118,303)
Net intangible assets:	$ 125,159	$ 118,757

GOODWILL AND INTANGIBLE ASSET_6

GOODWILL AND INTANGIBLE ASSETS, NET - Estimated Amortization Expense for Remainder of 2024 and Succeeding Years (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 119,766
2025	134,968
2026	99,687
2027	71,025
2028	66,577
Thereafter	456,456
Net intangible assets:	$ 948,479	$ 956,234

DEBT - Narrative (Details)

DEBT - Narrative (Details) - USD ($)			3 Months Ended
	Jan. 26, 2024	Jun. 09, 2022	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Principal amount outstanding			$ 4,536,875,000
Loss on extinguishment of debt	$ 1,500,000		1,510,000	$ 0
Deferred financing fees and premium remain unamortized			33,900,000
Long-term Debt
Debt Instrument [Line Items]
Deferred financing fees and premium remain unamortized			29,100,000
Variable rate Tranche A Term Loans due 2027
Debt Instrument [Line Items]
Principal amount outstanding			0
Variable rate Tranche A Term Loans due 2027 | Base Rate | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.50%
Variable rate Tranche A Term Loans due 2027 | Base Rate | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1%
Variable rate Tranche A Term Loans due 2027 | Secured Overnight Financing Rate (SOFR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Variable rate Tranche A Term Loans due 2027 | Secured Overnight Financing Rate (SOFR) | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2%
Variable rate revolving loan commitments
Debt Instrument [Line Items]
Principal amount outstanding			336,875,000
Deferred financing fees and premium remain unamortized			4,800,000
Variable rate revolving loan commitments | Prepaid and Other Assets
Debt Instrument [Line Items]
Deferred financing fees and premium remain unamortized			1,000,000
Variable rate revolving loan commitments | Other Non-Current Assets
Debt Instrument [Line Items]
Deferred financing fees and premium remain unamortized			3,800,000
Senior Unsecured Notes
Debt Instrument [Line Items]
Principal amount outstanding			4,200,000,000
TLA Facility
Debt Instrument [Line Items]
Principal amount outstanding			$ 336,900,000
Line of Credit | Revolving Credit Facility | Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	1,250,000,000
Proceeds from debt	$ 336,900,000
Interest rate om the revolving loans			6.93%
Line of Credit | Revolving Credit Facility | Credit Agreement | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Line of Credit | Revolving Credit Facility | Credit Agreement | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%

DEBT - Schedule of Senior Unsec

DEBT - Schedule of Senior Unsecured Notes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Principal amount outstanding	$ 4,536,875
Carrying value	4,507,686	$ 4,507,728
Fair value	4,052,868	4,124,310
Deferred financing fees and premium remain unamortized	$ 33,900
4.000% senior unsecured notes due 2029
Debt Instrument [Line Items]
Debt instrument interest rate	4%
Maturity Date	Nov. 15, 2029
Principal amount outstanding	$ 1,000,000
Carrying value	993,909	993,637
Fair value	$ 927,200	941,090
3.625% senior unsecured notes due 2030
Debt Instrument [Line Items]
Debt instrument interest rate	3.625%
Maturity Date	Sep. 01, 2030
Principal amount outstanding	$ 900,000
Carrying value	895,752	895,587
Fair value	$ 799,911	815,526
3.875% senior unsecured notes due 2031
Debt Instrument [Line Items]
Debt instrument interest rate	3.875%
Maturity Date	Feb. 15, 2031
Principal amount outstanding	$ 1,000,000
Carrying value	992,434	992,161
Fair value	$ 892,390	914,360
3.625% senior unsecured notes due 2031
Debt Instrument [Line Items]
Debt instrument interest rate	3.625%
Maturity Date	Nov. 01, 2031
Principal amount outstanding	$ 600,000
Carrying value	595,017	594,852
Fair value	$ 521,682	529,458
3.250% senior unsecured notes due 2033
Debt Instrument [Line Items]
Debt instrument interest rate	3.25%
Maturity Date	Aug. 15, 2033
Principal amount outstanding	$ 700,000
Carrying value	693,699	693,532
Fair value	$ 578,179	586,509
Variable rate Tranche A Term Loans due 2027
Debt Instrument [Line Items]
Maturity Date	Feb. 16, 2027
Principal amount outstanding	$ 0
Carrying value	0	337,959
Fair value	$ 0	337,367
Variable rate revolving loan commitments
Debt Instrument [Line Items]
Maturity Date	Jan. 26, 2029
Principal amount outstanding	$ 336,875
Carrying value	336,875	0
Fair value	333,506	$ 0
Deferred financing fees and premium remain unamortized	4,800
Variable rate revolving loan commitments | Prepaid and Other Assets
Debt Instrument [Line Items]
Deferred financing fees and premium remain unamortized	1,000
Variable rate revolving loan commitments | Other Non-Current Assets
Debt Instrument [Line Items]
Deferred financing fees and premium remain unamortized	$ 3,800

DEBT - Schedule of Maturities o

DEBT - Schedule of Maturities of Long-Term Debt (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Debt Disclosure [Abstract]
Remainder of 2024	$ 0
2025	0
2026	0
2027	0
2028	0
Thereafter	4,536,875
Total debt	$ 4,536,875

DEBT - Schedule of Interest Pay

DEBT - Schedule of Interest Payments Due Attributable to Outstanding Indebtedness (Details)	3 Months Ended
	Mar. 31, 2024
4.000% senior unsecured notes due 2029
Debt Instrument [Line Items]
Debt instrument interest rate	4%
Interest payment frequency	Semi-Annual
First interest payment date	--05-15
3.625% senior unsecured notes due 2030
Debt Instrument [Line Items]
Debt instrument interest rate	3.625%
Interest payment frequency	Semi-Annual
First interest payment date	--03-01
3.875% senior unsecured notes due 2031
Debt Instrument [Line Items]
Debt instrument interest rate	3.875%
Interest payment frequency	Semi-Annual
First interest payment date	--06-01
3.625% senior unsecured notes due 2031
Debt Instrument [Line Items]
Debt instrument interest rate	3.625%
Interest payment frequency	Semi-Annual
First interest payment date	--05-01
3.250% senior unsecured notes due 2033
Debt Instrument [Line Items]
Debt instrument interest rate	3.25%
Interest payment frequency	Semi-Annual
First interest payment date	--02-15
Variable rate revolving loan commitments
Debt Instrument [Line Items]
Interest payment frequency	Variable
First interest payment date	--02-26

LEASES - Lease, Cost (Details)

LEASES - Lease, Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating lease expenses	$ 7,139	$ 7,114
Variable lease costs	1,069	891
Short-term lease costs	215	251
Sublease income	(828)	(1,276)
Total lease costs	$ 7,595	$ 6,980

LEASES - Summary of Maturities

LEASES - Summary of Maturities of Operating Lease Liability (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Maturity of Lease Liabilities
Remainder of 2024	$ 21,777
2025	31,114
2026	29,499
2027	23,649
2028	23,095
Thereafter	51,854
Total lease payments	180,988
Less: Interest	(22,199)
Present value of lease liabilities	158,789
Other accrued liabilities	23,746
Long-term operating lease liabilities	$ 135,043	$ 120,134

LEASES - Summary of Weighted-Av

LEASES - Summary of Weighted-Average Remaining Lease Term and Discount Rate Under Operating Leases (Details)	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (years)	6 years 8 months 4 days	7 years 14 days
Weighted-average discount rate	3.94%	3.66%

LEASES - Summary of Other Infor

LEASES - Summary of Other Information Under Operating Lease (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating cash flows used for operating leases	$ 7,626	$ 7,408
Right of use assets obtained in exchange for new operating lease liabilities	$ 23,237	$ 3,432

SHAREHOLDERS' EQUITY (DEFICIT_2

SHAREHOLDERS' EQUITY (DEFICIT) - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jul. 28, 2022
Two Thousand Twenty Two Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Repurchase program authorizing the purchase of shares			$ 1,000,000,000
Stock repurchase program, remaining authorized repurchase amount	$ 845,700,000		1,539,100,000
2020 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, remaining authorized repurchase amount			$ 539,100,000
Open Market Repurchases
Equity, Class of Treasury Stock [Line Items]
Repurchase of common stock (in shares)	0	0

SHAREHOLDERS' EQUITY (DEFICIT_3

SHAREHOLDERS' EQUITY (DEFICIT) - Schedule of Dividends Declared Per Common Share and Total Amounts Declared, Distributed and Deferred (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Equity [Abstract]
Dividend declared per common share (in USD per share)	$ 1.60	$ 1.38
Cash dividends declared	$ 129,444	$ 111,986
Cash dividends distributed	131,378	112,189
Cash dividends (released)/deferred	$ (1,934)	$ (203)

SHAREHOLDERS' EQUITY (DEFICIT_4

SHAREHOLDERS' EQUITY (DEFICIT) - Summary of Activity Related to Shares of Common Stock Issued and Repurchased (Details)	3 Months Ended
	Mar. 31, 2024 shares
Movement In Equity Shares [Roll Forward]
Beginning balance (in shares)	133,817,332
Beginning balance (in shares)	(54,726,120)
Beginning balance (in shares)	79,091,212
Ending balance (in shares)	134,070,097
Ending balance (in shares)	(54,846,048)
Ending balance (in shares)	79,224,049
Common Stock Issued
Movement In Equity Shares [Roll Forward]
Beginning balance (in shares)	133,817,332
Dividend payable/paid (in shares)	61
Common stock issued (in shares)	252,637
Shares issued to directors (in shares)	67
Ending balance (in shares)	134,070,097
Treasury Stock
Movement In Equity Shares [Roll Forward]
Beginning balance (in shares)	(54,726,120)
Shares withheld for tax withholding (in shares)	(119,861)
Shares issued to directors (in shares)	67
Ending balance (in shares)	(54,846,048)
Common Stock Outstanding
Movement In Equity Shares [Roll Forward]
Beginning balance (in shares)	79,091,212
Dividend payable/paid (in shares)	61
Common stock issued (in shares)	252,637
Shares withheld for tax withholding (in shares)	(119,861)
Ending balance (in shares)	79,224,049

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 39,939	$ 37,644
Effective tax rate	13.50%	13.60%
Amounts effect on effective tax rate	$ 20,200	$ 16,500
Amount of excess tax benefits recognized on share-based compensation vested	13,000	11,100
Effective income tax rate reconciliation, tax settlement, amount	7,200	$ 4,600
Decrease in unrecognized tax benefits is reasonably possible	22,100
Unrecognized tax benefits, decrease resulting from settlements with taxing authorities	$ 1,400

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 segment
Segment Reporting [Abstract]
Number of operating segments	5
Number of reportable segments	4

SEGMENT INFORMATION - Operating

SEGMENT INFORMATION - Operating Revenues by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	$ 679,965	$ 592,218
Index
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	373,872	339,382
Analytics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	163,966	147,070
ESG and Climate
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	77,884	67,058
All Other - Private Assets
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	$ 64,243	$ 38,708

SEGMENT INFORMATION - Segment P

SEGMENT INFORMATION - Segment Profitability and Reconciliation to Net Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 383,573	$ 344,729
Amortization of intangible assets	38,604	24,667
Depreciation and amortization of property, equipment and leasehold improvements	4,081	5,460
Acquisition-related integration and transaction costs	1,506	0
Operating income	339,382	314,602
Other expense (income), net	43,489	38,230
Provision for income taxes	39,939	37,644
Net income	255,954	238,728
Index
Segment Reporting Information [Line Items]
Adjusted EBITDA	277,760	253,682
Analytics
Segment Reporting Information [Line Items]
Adjusted EBITDA	72,212	60,780
ESG and Climate
Segment Reporting Information [Line Items]
Adjusted EBITDA	21,091	17,876
All Other - Private Assets
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 12,510	$ 12,391

SEGMENT INFORMATION - Operati_2

SEGMENT INFORMATION - Operating Revenues by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	$ 679,965	$ 592,218
Total Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	311,033	265,952
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	280,675	238,416
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	30,358	27,536
Total EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	264,978	229,979
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	113,294	91,660
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	151,684	138,319
Total Asia & Australia
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	103,954	96,287
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	26,573	26,017
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	$ 77,381	$ 70,270

SEGMENT INFORMATION - Long-Live

SEGMENT INFORMATION - Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 312,138	$ 289,126
Total Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	242,718	215,823
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	231,650	204,238
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	11,068	11,585
Total EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	38,753	40,475
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	17,913	18,403
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	20,840	22,072
Total Asia & Australia
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	30,667	32,828
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	1,143	1,321
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 29,524	$ 31,507

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares		3 Months Ended
	Apr. 22, 2024	Mar. 31, 2024	Mar. 31, 2023
Subsequent Event [Line Items]
Dividend declared per common share (in USD per share)		$ 1.60	$ 1.38
Subsequent Event
Subsequent Event [Line Items]
Dividend declared per common share (in USD per share)	$ 1.60