MSCI (MSCI) 10-Q 26 Apr 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 19, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Trading Symbol	MSCI
Entity Registrant Name	MSCI INC.
Entity Central Index Key	0001408198
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		81,123,043
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-33812
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
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Title of 12(b) Security	Common stock, par value $0.01 per share
Security Exchange Name	NYSE
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 679,315	$ 1,421,449
Accounts receivable, net of allowances	592,326	664,511
Prepaid income taxes	13,050	5,951
Prepaid and other assets	47,730	51,499
Total current assets	1,332,421	2,143,410
Property, equipment and leasehold improvements, net	64,682	66,715
Right of use assets	134,368	144,584
Goodwill	2,235,199	2,236,386
Intangible assets, net	585,058	593,341
Equity method investment	218,128	218,763
Deferred tax assets	53,612	40,119
Other non-current assets	68,361	63,385
Total assets	4,691,829	5,506,703
Current liabilities:
Accounts payable	12,956	13,448
Income taxes payable	83,589	59,635
Accrued compensation and related benefits	70,749	207,640
Other accrued liabilities	160,929	145,302
Deferred revenue	832,203	824,912
Total current liabilities	1,160,426	1,250,937
Long-term debt	4,162,465	4,161,422
Long-term operating lease liabilities	139,895	150,029
Deferred tax liabilities	3,347	3,650
Other non-current liabilities	104,885	104,132
Total liabilities	5,571,018	5,670,170
Commitments and Contingencies (see Note 8)
Shareholders’ equity (deficit):
Preferred stock (par value $0.01, 100,000,000 shares authorized; no shares issued)
Common stock (par value $0.01; 750,000,000 common shares authorized; 133,579,809 and 133,162,178 common shares issued and 81,168,130 and 82,439,449 common shares outstanding at March 31, 2022 and December 31, 2021, respectively)	1,336	1,332
Treasury shares, at cost (52,411,679 and 50,722,729 common shares held at March 31, 2022 and December 31, 2021, respectively)	(5,417,822)	(4,540,144)
Additional paid in capital	1,480,454	1,457,623
Retained earnings	3,117,660	2,976,517
Accumulated other comprehensive loss	(60,817)	(58,795)
Total shareholders’ equity (deficit)	(879,189)	(163,467)
Total liabilities and shareholders’ equity (deficit)	$ 4,691,829	$ 5,506,703

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Condition (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	133,579,809	133,162,178
Common stock, shares outstanding	81,168,130	82,439,449
Treasury shares	52,411,679	50,722,729

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Operating revenues	$ 559,945	$ 478,423
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization)	102,771	85,780
Selling and marketing	66,053	56,467
Research and development	28,322	24,862
General and administrative	45,567	34,728
Amortization of intangible assets	21,720	15,068
Depreciation and amortization of property, equipment and leasehold improvements	6,534	7,143
Total operating expenses	270,967	224,048
Operating income	288,978	254,375
Interest income	(298)	(386)
Interest expense	40,714	37,584
Other expense (income)	(381)	1,149
Other expense (income), net	40,035	38,347
Income before provision for income taxes	248,943	216,028
Provision for income taxes	20,520	19,209
Net income	$ 228,423	$ 196,819
Earnings per share:
Basic	$ 2.80	$ 2.38
Diluted	$ 2.78	$ 2.36
Weighted average shares outstanding:
Basic	81,591	82,640
Diluted	82,286	83,493

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 228,423	$ 196,819
Other comprehensive (loss) income:
Foreign currency translation adjustments	(2,950)	(1,705)
Income tax effect	862	612
Foreign currency translation adjustments, net	(2,088)	(1,093)
Pension and other post-retirement adjustments	110	256
Income tax effect	(44)	(120)
Pension and other post-retirement adjustments, net	66	136
Other comprehensive (loss) income, net of tax	(2,022)	(957)
Comprehensive income	$ 226,401	$ 195,862

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Shareholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2020	$ (443,234)	$ 1,328	$ (4,342,535)	$ 1,402,537	$ 2,554,295	$ (58,859)
Net income	196,819				196,819
Dividends declared	(65,947)				(65,947)
Dividends paid in shares	66			66
Other comprehensive income (loss), net of tax	(957)					(957)
Common stock issued	3	3
Shares withheld for tax withholding and exercises	(52,814)		(52,814)
Compensation payable in common stock	18,842			18,842
Common stock repurchased and held in treasury	(134,340)		(134,340)
Common stock issued to Directors and (held in)/released from treasury	(20)		(20)
Balance at Mar. 31, 2021	(481,582)	1,331	(4,529,709)	1,421,445	2,685,167	(59,816)
Balance at Dec. 31, 2021	(163,467)	1,332	(4,540,144)	1,457,623	2,976,517	(58,795)
Net income	228,423				228,423
Dividends declared	(87,280)				(87,280)
Dividends paid in shares	77			77
Other comprehensive income (loss), net of tax	(2,022)					(2,022)
Common stock issued	4	4
Shares withheld for tax withholding and exercises	(105,000)		(105,000)
Compensation payable in common stock	22,754			22,754
Common stock repurchased and held in treasury	(772,657)		(772,657)
Common stock issued to Directors and (held in)/released from treasury	(21)		(21)
Balance at Mar. 31, 2022	$ (879,189)	$ 1,336	$ (5,417,822)	$ 1,480,454	$ 3,117,660	$ (60,817)

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Shareholders' Equity (Deficit) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Stockholders Equity [Abstract]
Dividends per common share	$ 1.04	$ 0.78

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net income	$ 228,423	$ 196,819
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets	21,720	15,068
Stock-based compensation expense	22,857	18,910
Depreciation and amortization of property, equipment and leasehold improvements	6,534	7,143
Amortization of right of use assets	6,292	6,128
Amortization of debt origination fees	1,403	1,107
Deferred taxes	(12,961)	1,142
Other adjustments	933	3,363
Changes in assets and liabilities:
Accounts receivable	70,417	50,630
Prepaid income taxes	(7,170)	6,312
Prepaid and other assets	3,062	5,611
Other non-current assets	(5,005)	23
Accounts payable	(2,060)	(7,901)
Accrued compensation and related benefits	(135,148)	(94,323)
Income taxes payable	24,257	1,709
Other accrued liabilities	15,161	12,888
Deferred revenue	10,932	(2,790)
Long-term operating lease liabilities	(5,542)	(5,898)
Other non-current liabilities	1,695	2,300
Other	(1,616)	(2,784)
Net cash provided by operating activities	244,184	215,457
Cash flows from investing activities
Capitalized software development costs	(14,084)	(9,696)
Capital expenditures	(1,254)	(664)
Other	28
Net cash used in investing activities	(15,310)	(10,360)
Cash flows from financing activities
Proceeds from borrowings, inclusive of premium	5,000	503,750
Repayment of borrowings	(5,000)
Repurchase of common stock held in treasury	(877,657)	(187,154)
Payment of dividends	(87,769)	(66,087)
Payment of debt issuance costs in connection with debt	(559)	(4,967)
Payment of contingent consideration	(132)
Net cash (used in) provided by financing activities	(966,117)	245,542
Effect of exchange rate changes	(4,891)	(4,013)
Net (decrease) increase in cash	(742,134)	446,626
Cash and cash equivalent, beginning of period	1,421,449	1,300,521
Cash and cash equivalent, end of period	679,315	1,747,147
Supplemental disclosure of cash flow information:
Cash paid for interest	27,776	19,326
Cash paid for income taxes, net of refunds received	17,645	9,014
Supplemental disclosure of non-cash investing activities
Property, equipment and leasehold improvements in other accrued liabilities	6,118	3,687
Supplemental disclosure of non-cash financing activities
Cash dividends declared, but not yet paid	$ 2,361	$ 1,208

Introduction and Basis of Prese

Introduction and Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Introduction and Basis of Presentation	1. 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 real estate market and transaction data and analysis. Basis of Presentation and Use of Estimates These unaudited condensed consolidated financial statements include the accounts of MSCI and its wholly owned subsidiaries and include all adjustments of a normal, recurring nature necessary to state fairly the financial condition as of March 31, 2022 and December 31, 2021, the results of operations, comprehensive income and shareholders’ equity (deficit) for the three months ended March 31, 2022 and 2021 and cash flows for the three months ended March 31, 2022 and 2021. The unaudited condensed consolidated statement of financial condition and related financial statement information as of December 31, 2021 have been derived from the 2021 audited consolidated financial statements but do not include all disclosures required by accounting principles generally accepted in the United States of America (“GAAP”). The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in MSCI’s Annual Report on Form 10-K for the year ended December 31, 2021. 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, 2022 and 2021, BlackRock, Inc. (“BlackRock”) accounted for 10.9% and 12.0% of the Company’s consolidated operating revenues, respectively. For the three months ended March 31, 2022 and 2021, BlackRock accounted for 18.0% and 19.2% 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 and All Other – Private Assets segments for the three months ended March 31, 2022 and 2021. Allowance for Doubtful Accounts Changes in the allowance for doubtful accounts from December 31, 2020 to March 31, 2022 were as follows: Amount (in Balance as of December 31, 2020 $ 1,583 Addition (reduction) to credit loss expense 1,210 Write-offs, net of recoveries (456 ) Balance as of December 31, 2021 $ 2,337 Addition (reduction) to credit loss expense 364 Adjustments and write-offs, net of recoveries (186 ) Balance as of March 31, 2022 $ 2,515

Recent Accounting Standards Upd

Recent Accounting Standards Updates	3 Months Ended
	Mar. 31, 2022
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Standards Updates	2. RECENT ACCOUNTING STANDARDS UPDATES There are no pending accounting standards updates that are currently expected to have a material impact on the Company.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2022
Revenue From Contract With Customer [Abstract]
Revenue Recognition	3. 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, 2022 Segments (in thousands) Index Analytics ESG and Climate All Other - Private Assets Total Operating Revenue Types Recurring subscriptions $ 174,498 $ 137,799 $ 50,572 $ 36,891 $ 399,760 Asset-based fees 145,053 — — — 145,053 Non-recurring 11,208 1,998 1,457 469 15,132 Total $ 330,759 $ 139,797 $ 52,029 $ 37,360 $ 559,945 For the Three Months ended March 31, 2021 Segments (in thousands) Index Analytics ESG and Climate All Other - Private Assets Total Operating Revenue Types Recurring subscriptions $ 155,117 $ 131,672 $ 34,140 $ 16,803 $ 337,732 Asset-based fees 126,706 — — — 126,706 Non-recurring 10,668 2,345 610 362 13,985 Total $ 292,491 $ 134,017 $ 34,750 $ 17,165 $ 478,423 The tables that follow present the change in accounts receivable and current deferred revenue between the dates indicated: Accounts receivable Deferred revenue (in thousands) Opening (December 31, 2021) $ 664,511 $ 824,912 Closing (March 31, 2022) 592,326 832,203 Increase/(decrease) $ (72,185 ) $ 7,291 Accounts receivable Deferred revenue (in thousands) Opening (December 31, 2020) $ 558,569 $ 675,870 Closing (March 31, 2021) 506,849 672,054 Increase/(decrease) $ (51,720 ) $ (3,816 ) The amount of revenue recognized in the period that was included in the opening current deferred revenue, which reflects contract liability amounts, was $339.7 million and $270.3 million for the three months ended March 31, 2022 and 2021, respectively. The difference between the opening and closing balances of the Company’s deferred revenue is primarily driven by an increase in billings, partially offset by an increase in amortization of deferred revenue to operating revenues. As of March 31, 2022 and December 31, 2021, the Company carried a long-term deferred revenue balance of $24.4 million and $23.4 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, 2022 (in thousands) First 12-month period $ 502,988 Second 12-month period 291,127 Third 12-month period 101,402 Periods thereafter 61,645 Total $ 957,162

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share	4. 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 March 31, 2022 2021 (in thousands, except per share data) Net income $ 228,423 $ 196,819 Basic weighted average common shares outstanding 81,591 82,640 Effect of dilutive securities: PSUs, RSUs and PSOs 695 853 Diluted weighted average common shares outstanding 82,286 83,493 Earnings per basic common share $ 2.80 $ 2.38 Earnings per diluted common share $ 2.78 $ 2.36

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Acquisitions	5. ACQUISITIONS On September 13, 2021, MSCI acquired all of the issued and outstanding preferred and common shares of Real Capital Analytics, Inc (“RCA”) for an aggregate cash purchase price of $949.0 million. This acquisition expands MSCI’s suite of real estate solutions, providing the real estate industry with data, analytics, and support tools to manage investments and understand performance and risk, including climate risk, within their portfolios. RCA has been accounted for as a business combination using the acquisition method of accounting and has been integrated into the All Other – Private Assets reportable segment, as a component of the Real Estate operating segment. A portion of RCA’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, the associated revenue is recorded as recurring subscription revenue. The components of the preliminary purchase price allocation were as follows: Estimated Useful Life Fair Value (in thousands) Accounts receivable $ 9,645 Other current assets 3,721 Property, equipment and leasehold improvements, net 1,204 Right of use assets 6,441 Other non-current assets 3,270 Deferred revenue (35,194 ) Other current liabilities (15,000 ) Long-term operating lease liabilities (4,849 ) Deferred tax liabilities (85,196 ) Intangible assets: Proprietary data 11 years 185,500 Customer relationships 20 years 175,800 Acquired technology and software 9 years 31,500 Trademarks 2 years 890 Goodwill 671,227 Purchase price, net of cash acquired $ 948,959 The purchase price allocation is based on preliminary valuations and assessments. The estimates and assumptions used may be subject to change within the measurement period, particularly for acquired intangible assets and deferred taxes. In the fourth quarter of 2021, the Company early adopted ASU 2021-08, which resulted in an increase to deferred revenue and goodwill and a decrease in deferred tax liabilities recorded as of the opening balance sheet date. 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 not deductible for income tax purposes. Revenue of RCA recognized within the condensed consolidated financial statements for the first quarter of 2022 was $19.2 million.

Property, Equipment and Leaseho

Property, Equipment and Leasehold Improvements, Net	3 Months Ended
	Mar. 31, 2022
Property Plant And Equipment [Abstract]
Property, Equipment and Leasehold Improvements, Net	6. 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, 2022 2021 (in thousands) Computer & related equipment $ 180,600 $ 179,557 Furniture & fixtures 15,162 14,194 Leasehold improvements 57,138 56,308 Work-in-process 2,617 2,699 Subtotal 255,517 252,758 Accumulated depreciation and amortization (190,835 ) (186,043 ) Property, equipment and leasehold improvements, net $ 64,682 $ 66,715 Depreciation and amortization expense of property, equipment and leasehold improvements was $6.5 million and $7.1 million for the three months ended March 31, 2022 and 2021, respectively.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	3 Months Ended
	Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	7. 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, 2021 $ 1,205,443 $ 290,976 $ 48,047 $ 691,920 $ 2,236,386 Acquisitions (1) $ — $ — $ — $ 353 $ 353 Foreign exchange translation adjustment (953 ) — — (587 ) (1,540 ) Goodwill at March 31, 2022 $ 1,204,490 $ 290,976 $ 48,047 $ 691,686 $ 2,235,199 (1) 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 March 31, (in thousands) 2022 2021 Amortization expense of acquired intangible assets $ 15,898 $ 8,368 Amortization expense of internally developed capitalized software 5,822 6,700 Total amortization of intangible assets expense $ 21,720 $ 15,068 The gross carrying and accumulated amortization amounts related to the Company’s intangible assets were as follows: As of March 31, December 31, 2022 2021 (in thousands) Gross intangible assets: Customer relationships $ 532,500 $ 532,400 Proprietary data 220,700 220,639 Acquired technology and software 209,220 209,220 Trademarks 208,190 208,190 Internally developed capitalized software 120,264 106,181 Subtotal 1,290,874 1,276,630 Foreign exchange translation adjustment (7,503 ) (5,782 ) Total gross intangible assets $ 1,283,371 $ 1,270,848 Accumulated amortization: Customer relationships $ (285,519 ) $ (277,865 ) Proprietary data (27,498 ) (22,678 ) Acquired technology and software (176,747 ) (175,718 ) Trademarks (154,862 ) (152,468 ) Internally developed capitalized software (55,204 ) (49,394 ) Subtotal (699,830 ) (678,123 ) Foreign exchange translation adjustment 1,517 616 Total accumulated amortization $ (698,313 ) $ (677,507 ) Net intangible assets: Customer relationships $ 246,981 $ 254,535 Proprietary data 193,202 197,961 Acquired technology and software 32,473 33,502 Trademarks 53,328 55,722 Internally developed capitalized software 65,060 56,787 Subtotal 591,044 598,507 Foreign exchange translation adjustment (5,986 ) (5,166 ) Total net intangible assets $ 585,058 $ 593,341 The following table presents the estimated amortization expense for the remainder of the year ending December 31, 2022 and succeeding years: Years Ending December 31, Amortization Expense (in thousands) Remainder of 2022 $ 68,275 2023 85,742 2024 78,586 2025 53,876 2026 36,664 Thereafter 261,915 Total $ 585,058

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. COMMITMENTS AND CONTINGENCIES Senior Unsecured Notes. The Company had an aggregate of $4,200.0 million in senior unsecured notes (collectively, the “Senior Notes”) outstanding at March 31, 2022, as presented in the table below: Principal Amount Outstanding at Carrying Value at Carrying Value at Fair Value at Fair Value at Maturity Date March 31, 2022 March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 (in thousands) Long-term debt 4.000% senior unsecured notes due 2029 November 15, 2029 1,000,000 991,728 991,455 973,030 1,047,950 3.625% senior unsecured notes due 2030 September 1, 2030 900,000 894,428 894,263 845,955 924,777 3.875% senior unsecured notes due 2031 February 15, 2031 1,000,000 990,247 989,973 950,380 1,046,620 3.625% senior unsecured notes due 2031 November 1, 2031 600,000 593,702 593,538 565,200 625,536 3.250% senior unsecured notes due 2033 August 15, 2033 700,000 692,360 692,193 630,791 710,906 Total long-term debt $ 4,200,000 $ 4,162,465 $ 4,161,422 $ 3,965,356 $ 4,355,789 Interest payments attributable to the Senior Notes are due as presented in the following table: First semi-annual interest payment date Second semi-annual interest payment date Senior Notes 4.000% senior unsecured notes due 2029 May 15 November 15 3.625% senior unsecured notes due 2030 March 1 September 1 3.875% senior unsecured notes due 2031 June 1 December 1 3.625% senior unsecured notes due 2031 May 1 November 1 3.250% senior unsecured notes due 2033 (1) February 15 August 15 ( 1 ) The first payment The fair market value of the Company’s debt obligations represent Level 2 valuations. The Company utilizes the market approach and obtains security pricing from a vendor who uses broker quotes and third-party pricing services to determine fair values. Revolver. Since November 20, 2014, the Company has maintained a revolving credit agreement with a syndicate of banks (as amended, the “Revolving Credit Agreement”). On February 16, 2022, the Company entered into Amendment No. 5 (the “Fifth Amendment”) to the Revolving Credit Agreement. The Fifth Amendment, among other things, extended the term of the Revolving Credit Agreement to February 2027 and replaced the London Interbank Offered Rate with the Secured Overnight Financing Rate as the basis for the variable rates of interest. At March 31, 2022, the Revolving Credit Agreement was undrawn. In connection with the closings of offerings of the Senior Notes, entry into the Revolving Credit Agreement and the subsequent amendments, 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, 2022, $40.1 million of the deferred financing fees and premium remain unamortized, $0.5 million of which is included in “Prepaid and other assets,” $2.0 million of which is included in “Other non-current assets” and $37.6 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, 2022
Leases [Abstract]
Leases	9. LEASES The Company recognized $7.7 million and $7.6 million of operating lease expenses for the three months ended March 31, 2022 and 2021, respectively. The amounts associated with variable lease costs, short-term lease costs and sublease income were not material for the three months ended March 31, 2022 and 2021. Maturities of the Company’s operating lease liabilities as of March 31, 2022 are as follows: Maturity of Lease Liabilities Operating (in thousands) Leases Remainder of 2022 $ 20,368 2023 28,273 2024 22,827 2025 21,628 2026 19,864 Thereafter 73,499 Total lease payments $ 186,459 Less: Interest (23,538 ) Present value of lease liabilities $ 162,921 Other accrued liabilities $ 23,026 Long-term operating lease liabilities $ 139,895 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 2022 2021 Weighted-average remaining lease term (years) 8.10 8.16 Weighted-average discount rate 3.14 % 3.09 % Other information related to the Company’s operating leases are as follows: Three Months Ended Other Information March 31, (in thousands) 2022 2021 Operating cash flows used for operating leases $ 7,152 $ 7,632 Right of use assets obtained in exchange for new operating lease liabilities $ - $ 4,144

Shareholders' Equity (Deficit)

Shareholders' Equity (Deficit)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Shareholders' Equity (Deficit)	10. SHAREHOLDERS’ EQUITY (DEFICIT) Return of capital On October 29, 2020, the Board of Directors authorized a stock repurchase program for the purchase of up to $1,000.0 million worth of shares of MSCI’s common stock in addition to the $804.5 million of authorization then remaining under a previously existing share repurchase program (the “2020 Repurchase Program”) for a total of $1,804.5 million of stock repurchase authorization. Share repurchases made pursuant to the 2020 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, 2022, there was $816.5 million of available authorization remaining under the 2020 Repurchase Program. The following table provides information with respect to repurchases of the Company’s common stock made on the open market: Three Months Ended Average Price Paid Per Share Total Number of Shares Repurchased Dollar Value of Shares Repurchased (in thousands) March 31, 2022 $ 515.74 1,498 $ 772,657 March 31, 2021 $ 407.70 330 $ 134,340 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 amounts) Per Share Declared Distributed (Released)/Deferred Three Months Ended March 31, 2022 $ 1.04 $ 87,280 $ 87,846 $ (566 ) Three Months Ended March 31, 2021 $ 0.78 $ 65,947 $ 66,153 $ (206 ) Common Stock. The following table presents activity related to shares of common stock issued and repurchased during the three months ended March 31, 2022: Common Stock Treasury Common Stock Issued Stock Outstanding Balance at December 31, 2021 133,162,178 (50,722,729 ) 82,439,449 Dividend payable/paid 82 — 82 Common stock issued 417,508 — 417,508 Shares withheld for tax withholding — (190,766 ) (190,766 ) Shares repurchased under stock repurchase programs — (1,498,143 ) (1,498,143 ) Shares issued to directors 41 (41 ) — Balance at March 31, 2022 133,579,809 (52,411,679 ) 81,168,130

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	11. INCOME TAXES The Company’s provision for income taxes was $20.5 million and $19.2 million for the three months ended March 31, 2022 and 2021, respectively. These amounts reflect effective tax rates of 8.2% and 8.9% for the three months ended March 31, 2022 and 2021, respectively. The effective tax rate of 8.2% for the three months ended March 31, 2022 reflects the Company’s estimate of the effective tax rate for the period and was impacted by certain favorable discrete items totaling $28.1 million, primarily related to $28.3 million of excess tax benefits recognized on share-based compensation vested during the period. The effective tax rate of 8.9% for the three months ended March 31, 2021 reflects the Company’s estimate of the effective tax rate for the period and was impacted by certain favorable discrete items totaling $22.3 million, primarily related to $20.4 million of excess tax benefits recognized on share-based compensation vested during the period. 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 ranging 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 $28.6 million in the next twelve months as a result of the resolution of tax examinations.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	12. SEGMENT INFORMATION The Company has five operating segments: Index, Analytics, ESG and Climate, Real Estate and The Burgiss Group, LLC (“Burgiss”), which are presented as the following four reportable segments: Index, Analytics, ESG and Climate and All Other – Private Assets. The Index operating segment offers equity and fixed income indexes. The indexes are used in many areas of the investment process, including indexed product creation (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 Estate operating segment offers real estate market and transaction data, benchmarks, return-analytics, climate assessments and market insights for funds, investors, managers and other real estate market participants. In addition, Real Estate performance and risk analytics range from enterprise-wide to property-specific analysis. The Real Estate operating segment also provides business intelligence products to real estate owners, managers, developers and brokers worldwide. The Burgiss operating segment represents the Company’s equity method investment in Burgiss, a global provider of investment decision support tools for private capital. 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 non-recurring 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 March 31, 2022 2021 (in thousands) Operating revenues Index $ 330,759 $ 292,491 Analytics 139,797 134,017 ESG and Climate 52,029 34,750 All Other - Private Assets 37,360 17,165 Total $ 559,945 $ 478,423 The following table presents segment profitability and a reconciliation to net income for the periods indicated: Three Months Ended March 31, 2022 2021 (in thousands) Index Adjusted EBITDA $ 245,875 $ 219,879 Analytics Adjusted EBITDA 50,889 45,731 ESG and Climate Adjusted EBITDA 12,092 5,045 All Other - Private Assets Adjusted EBITDA 9,688 5,931 Total operating segment profitability 318,544 276,586 Amortization of intangible assets 21,720 15,068 Depreciation and amortization of property, equipment and leasehold improvements 6,534 7,143 Acquisition-related integration and transaction costs (1) 1,312 — Operating income 288,978 254,375 Other expense (income), net 40,035 38,347 Provision for income taxes 20,520 19,209 Net income $ 228,423 $ 196,819 (1) Incremental and non-recurring costs attributable to acquisitions directly related to the execution of the transaction and integration of the acquired business that have occurred no later than 12 months after the close of the transaction. Operating revenues by geography are 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 March 31, 2022 2021 (in thousands) Operating revenues Americas: United States $ 233,356 $ 196,689 Other 22,467 20,173 Total Americas 255,823 216,862 Europe, the Middle East and Africa ("EMEA"): United Kingdom 86,986 79,081 Other 131,573 106,194 Total EMEA 218,559 185,275 Asia & Australia: Japan 23,190 21,642 Other 62,373 54,644 Total Asia & Australia 85,563 76,286 Total $ 559,945 $ 478,423 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, 2022 2021 (in thousands) Long-lived assets Americas: United States $ 170,598 $ 167,870 Other 13,299 13,480 Total Americas 183,897 181,350 EMEA: United Kingdom 19,981 19,563 Other 29,434 34,240 Total EMEA 49,415 53,803 Asia & Australia: Japan 1,038 1,150 Other 29,590 31,873 Total Asia & Australia 30,628 33,023 Total $ 263,940 $ 268,176

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	13. SUBSEQUENT EVENTS Subsequent to the three months ended March 31, 2022 and through trade date of April 25, 2022, the Company repurchased an additional 0.05 million shares of common stock at an average price of $486.59 per share for a total value of $22.1 million. On April 25, 2022, the Board of Directors declared a quarterly cash dividend of $1.04 per share for the three months ending June 30, 2022 (“second quarter 2022”). The second quarter 2022 dividend is payable on May 31, 2022 to shareholders of record as of the close of trading on May 13, 2022.

Introduction and Basis of Pre_2

Introduction and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation and Use of Estimates	Basis of Presentation and Use of Estimates These unaudited condensed consolidated financial statements include the accounts of MSCI and its wholly owned subsidiaries and include all adjustments of a normal, recurring nature necessary to state fairly the financial condition as of March 31, 2022 and December 31, 2021, the results of operations, comprehensive income and shareholders’ equity (deficit) for the three months ended March 31, 2022 and 2021 and cash flows for the three months ended March 31, 2022 and 2021. The unaudited condensed consolidated statement of financial condition and related financial statement information as of December 31, 2021 have been derived from the 2021 audited consolidated financial statements but do not include all disclosures required by accounting principles generally accepted in the United States of America (“GAAP”). The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in MSCI’s Annual Report on Form 10-K for the year ended December 31, 2021. 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	Concentrations For the three months ended March 31, 2022 and 2021, BlackRock, Inc. (“BlackRock”) accounted for 10.9% and 12.0% of the Company’s consolidated operating revenues, respectively. For the three months ended March 31, 2022 and 2021, BlackRock accounted for 18.0% and 19.2% 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 and All Other – Private Assets segments for the three months ended March 31, 2022 and 2021.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts Changes in the allowance for doubtful accounts from December 31, 2020 to March 31, 2022 were as follows: Amount (in Balance as of December 31, 2020 $ 1,583 Addition (reduction) to credit loss expense 1,210 Write-offs, net of recoveries (456 ) Balance as of December 31, 2021 $ 2,337 Addition (reduction) to credit loss expense 364 Adjustments and write-offs, net of recoveries (186 ) Balance as of March 31, 2022 $ 2,515
Recent Accounting Standards Updates	There are no pending accounting standards updates that are currently expected to have a material impact on the Company.

Introduction and Basis of Pre_3

Introduction and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Changes in Allowance for Doubtful Accounts	Changes in the allowance for doubtful accounts from December 31, 2020 to March 31, 2022 were as follows: Amount (in Balance as of December 31, 2020 $ 1,583 Addition (reduction) to credit loss expense 1,210 Write-offs, net of recoveries (456 ) Balance as of December 31, 2021 $ 2,337 Addition (reduction) to credit loss expense 364 Adjustments and write-offs, net of recoveries (186 ) Balance as of March 31, 2022 $ 2,515

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2022 Segments (in thousands) Index Analytics ESG and Climate All Other - Private Assets Total Operating Revenue Types Recurring subscriptions $ 174,498 $ 137,799 $ 50,572 $ 36,891 $ 399,760 Asset-based fees 145,053 — — — 145,053 Non-recurring 11,208 1,998 1,457 469 15,132 Total $ 330,759 $ 139,797 $ 52,029 $ 37,360 $ 559,945 For the Three Months ended March 31, 2021 Segments (in thousands) Index Analytics ESG and Climate All Other - Private Assets Total Operating Revenue Types Recurring subscriptions $ 155,117 $ 131,672 $ 34,140 $ 16,803 $ 337,732 Asset-based fees 126,706 — — — 126,706 Non-recurring 10,668 2,345 610 362 13,985 Total $ 292,491 $ 134,017 $ 34,750 $ 17,165 $ 478,423
Schedule of Change in Accounts Receivable and Current Deferred Revenue	The tables that follow present the change in accounts receivable and current deferred revenue between the dates indicated: Accounts receivable Deferred revenue (in thousands) Opening (December 31, 2021) $ 664,511 $ 824,912 Closing (March 31, 2022) 592,326 832,203 Increase/(decrease) $ (72,185 ) $ 7,291 Accounts receivable Deferred revenue (in thousands) Opening (December 31, 2020) $ 558,569 $ 675,870 Closing (March 31, 2021) 506,849 672,054 Increase/(decrease) $ (51,720 ) $ (3,816 )
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, 2022 (in thousands) First 12-month period $ 502,988 Second 12-month period 291,127 Third 12-month period 101,402 Periods thereafter 61,645 Total $ 957,162

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted EPS	The following table presents the computation of basic and diluted EPS: Three Months Ended March 31, 2022 2021 (in thousands, except per share data) Net income $ 228,423 $ 196,819 Basic weighted average common shares outstanding 81,591 82,640 Effect of dilutive securities: PSUs, RSUs and PSOs 695 853 Diluted weighted average common shares outstanding 82,286 83,493 Earnings per basic common share $ 2.80 $ 2.38 Earnings per diluted common share $ 2.78 $ 2.36

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Components of Preliminary Purchase Price Allocation	The components of the preliminary purchase price allocation were as follows: Estimated Useful Life Fair Value (in thousands) Accounts receivable $ 9,645 Other current assets 3,721 Property, equipment and leasehold improvements, net 1,204 Right of use assets 6,441 Other non-current assets 3,270 Deferred revenue (35,194 ) Other current liabilities (15,000 ) Long-term operating lease liabilities (4,849 ) Deferred tax liabilities (85,196 ) Intangible assets: Proprietary data 11 years 185,500 Customer relationships 20 years 175,800 Acquired technology and software 9 years 31,500 Trademarks 2 years 890 Goodwill 671,227 Purchase price, net of cash acquired $ 948,959

Property, Equipment and Lease_2

Property, Equipment and Leasehold Improvements, Net (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2022 2021 (in thousands) Computer & related equipment $ 180,600 $ 179,557 Furniture & fixtures 15,162 14,194 Leasehold improvements 57,138 56,308 Work-in-process 2,617 2,699 Subtotal 255,517 252,758 Accumulated depreciation and amortization (190,835 ) (186,043 ) Property, equipment and leasehold improvements, net $ 64,682 $ 66,715

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2021 $ 1,205,443 $ 290,976 $ 48,047 $ 691,920 $ 2,236,386 Acquisitions (1) $ — $ — $ — $ 353 $ 353 Foreign exchange translation adjustment (953 ) — — (587 ) (1,540 ) Goodwill at March 31, 2022 $ 1,204,490 $ 290,976 $ 48,047 $ 691,686 $ 2,235,199 (1)
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 March 31, (in thousands) 2022 2021 Amortization expense of acquired intangible assets $ 15,898 $ 8,368 Amortization expense of internally developed capitalized software 5,822 6,700 Total amortization of intangible assets expense $ 21,720 $ 15,068
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: As of March 31, December 31, 2022 2021 (in thousands) Gross intangible assets: Customer relationships $ 532,500 $ 532,400 Proprietary data 220,700 220,639 Acquired technology and software 209,220 209,220 Trademarks 208,190 208,190 Internally developed capitalized software 120,264 106,181 Subtotal 1,290,874 1,276,630 Foreign exchange translation adjustment (7,503 ) (5,782 ) Total gross intangible assets $ 1,283,371 $ 1,270,848 Accumulated amortization: Customer relationships $ (285,519 ) $ (277,865 ) Proprietary data (27,498 ) (22,678 ) Acquired technology and software (176,747 ) (175,718 ) Trademarks (154,862 ) (152,468 ) Internally developed capitalized software (55,204 ) (49,394 ) Subtotal (699,830 ) (678,123 ) Foreign exchange translation adjustment 1,517 616 Total accumulated amortization $ (698,313 ) $ (677,507 ) Net intangible assets: Customer relationships $ 246,981 $ 254,535 Proprietary data 193,202 197,961 Acquired technology and software 32,473 33,502 Trademarks 53,328 55,722 Internally developed capitalized software 65,060 56,787 Subtotal 591,044 598,507 Foreign exchange translation adjustment (5,986 ) (5,166 ) Total net intangible assets $ 585,058 $ 593,341
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, 2022 and succeeding years: Years Ending December 31, Amortization Expense (in thousands) Remainder of 2022 $ 68,275 2023 85,742 2024 78,586 2025 53,876 2026 36,664 Thereafter 261,915 Total $ 585,058

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Schedule of Senior Unsecured Notes	The Company had an aggregate of $4,200.0 million in senior unsecured notes (collectively, the “Senior Notes”) outstanding at March 31, 2022, as presented in the table below: Principal Amount Outstanding at Carrying Value at Carrying Value at Fair Value at Fair Value at Maturity Date March 31, 2022 March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 (in thousands) Long-term debt 4.000% senior unsecured notes due 2029 November 15, 2029 1,000,000 991,728 991,455 973,030 1,047,950 3.625% senior unsecured notes due 2030 September 1, 2030 900,000 894,428 894,263 845,955 924,777 3.875% senior unsecured notes due 2031 February 15, 2031 1,000,000 990,247 989,973 950,380 1,046,620 3.625% senior unsecured notes due 2031 November 1, 2031 600,000 593,702 593,538 565,200 625,536 3.250% senior unsecured notes due 2033 August 15, 2033 700,000 692,360 692,193 630,791 710,906 Total long-term debt $ 4,200,000 $ 4,162,465 $ 4,161,422 $ 3,965,356 $ 4,355,789
Schedule of Interest Payments Due Attributable to Senior Notes	Interest payments attributable to the Senior Notes are due as presented in the following table: First semi-annual interest payment date Second semi-annual interest payment date Senior Notes 4.000% senior unsecured notes due 2029 May 15 November 15 3.625% senior unsecured notes due 2030 March 1 September 1 3.875% senior unsecured notes due 2031 June 1 December 1 3.625% senior unsecured notes due 2031 May 1 November 1 3.250% senior unsecured notes due 2033 (1) February 15 August 15 ( 1 ) The first payment

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Summary of Maturities of Operating Lease Liability	Maturities of the Company’s operating lease liabilities as of March 31, 2022 are as follows: Maturity of Lease Liabilities Operating (in thousands) Leases Remainder of 2022 $ 20,368 2023 28,273 2024 22,827 2025 21,628 2026 19,864 Thereafter 73,499 Total lease payments $ 186,459 Less: Interest (23,538 ) Present value of lease liabilities $ 162,921 Other accrued liabilities $ 23,026 Long-term operating lease liabilities $ 139,895
Summary of Weighted-Average Remaining Lease Term and Discount Rate Under Operating Leases	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 2022 2021 Weighted-average remaining lease term (years) 8.10 8.16 Weighted-average discount rate 3.14 % 3.09 %
Summary of Other Information Under Operating Leases	Other information related to the Company’s operating leases are as follows: Three Months Ended Other Information March 31, (in thousands) 2022 2021 Operating cash flows used for operating leases $ 7,152 $ 7,632 Right of use assets obtained in exchange for new operating lease liabilities $ - $ 4,144

Shareholders' Equity (Deficit)

Shareholders' Equity (Deficit) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Company's Common Stock Repurchases Made on Open Market	The following table provides information with respect to repurchases of the Company’s common stock made on the open market: Three Months Ended Average Price Paid Per Share Total Number of Shares Repurchased Dollar Value of Shares Repurchased (in thousands) March 31, 2022 $ 515.74 1,498 $ 772,657 March 31, 2021 $ 407.70 330 $ 134,340
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 amounts) Per Share Declared Distributed (Released)/Deferred Three Months Ended March 31, 2022 $ 1.04 $ 87,280 $ 87,846 $ (566 ) Three Months Ended March 31, 2021 $ 0.78 $ 65,947 $ 66,153 $ (206 )
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, 2022: Common Stock Treasury Common Stock Issued Stock Outstanding Balance at December 31, 2021 133,162,178 (50,722,729 ) 82,439,449 Dividend payable/paid 82 — 82 Common stock issued 417,508 — 417,508 Shares withheld for tax withholding — (190,766 ) (190,766 ) Shares repurchased under stock repurchase programs — (1,498,143 ) (1,498,143 ) Shares issued to directors 41 (41 ) — Balance at March 31, 2022 133,579,809 (52,411,679 ) 81,168,130

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Operating Revenues by Reportable Segment	The following table presents operating revenues by reportable segment for the periods indicated: Three Months Ended March 31, 2022 2021 (in thousands) Operating revenues Index $ 330,759 $ 292,491 Analytics 139,797 134,017 ESG and Climate 52,029 34,750 All Other - Private Assets 37,360 17,165 Total $ 559,945 $ 478,423
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 March 31, 2022 2021 (in thousands) Index Adjusted EBITDA $ 245,875 $ 219,879 Analytics Adjusted EBITDA 50,889 45,731 ESG and Climate Adjusted EBITDA 12,092 5,045 All Other - Private Assets Adjusted EBITDA 9,688 5,931 Total operating segment profitability 318,544 276,586 Amortization of intangible assets 21,720 15,068 Depreciation and amortization of property, equipment and leasehold improvements 6,534 7,143 Acquisition-related integration and transaction costs (1) 1,312 — Operating income 288,978 254,375 Other expense (income), net 40,035 38,347 Provision for income taxes 20,520 19,209 Net income $ 228,423 $ 196,819 (1) Incremental and non-recurring costs attributable to acquisitions directly related to the execution of the transaction and integration of the acquired business that have occurred no later than 12 months after the close of the transaction.
Operating Revenues by Geographic Area	Operating revenues by geography are 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 March 31, 2022 2021 (in thousands) Operating revenues Americas: United States $ 233,356 $ 196,689 Other 22,467 20,173 Total Americas 255,823 216,862 Europe, the Middle East and Africa ("EMEA"): United Kingdom 86,986 79,081 Other 131,573 106,194 Total EMEA 218,559 185,275 Asia & Australia: Japan 23,190 21,642 Other 62,373 54,644 Total Asia & Australia 85,563 76,286 Total $ 559,945 $ 478,423
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, 2022 2021 (in thousands) Long-lived assets Americas: United States $ 170,598 $ 167,870 Other 13,299 13,480 Total Americas 183,897 181,350 EMEA: United Kingdom 19,981 19,563 Other 29,434 34,240 Total EMEA 49,415 53,803 Asia & Australia: Japan 1,038 1,150 Other 29,590 31,873 Total Asia & Australia 30,628 33,023 Total $ 263,940 $ 268,176

Introduction and Basis of Pre_4

Introduction and Basis of Presentation - Additional Information (Detail) - Sales Revenue, Services, Net [Member] - Customer Concentration Risk [Member] - Customer	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Introduction And Basis Of Presentation [Line Items]
Number of major customers accounted for 10.0% or more of revenues	1	1
Blackrock Inc [Member]
Introduction And Basis Of Presentation [Line Items]
Percentage of operating revenues accounted for by major customer	10.90%	12.00%
Index [Member] | Blackrock Inc [Member]
Introduction And Basis Of Presentation [Line Items]
Percentage of operating revenues accounted for by major customer	18.00%	19.20%
Analytics [Member]
Introduction And Basis Of Presentation [Line Items]
Number of major customers accounted for 10.0% or more of revenues	0	0
ESG and Climate [Member]
Introduction And Basis Of Presentation [Line Items]
Number of major customers accounted for 10.0% or more of revenues	0	0
All Other - Private Assets [Member]
Introduction And Basis Of Presentation [Line Items]
Number of major customers accounted for 10.0% or more of revenues	0	0

Introduction and Basis of Pre_5

Introduction and Basis of Presentation - Changes in Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Balance at beginning of year	$ 2,337	$ 1,583
Addition (reduction) to credit loss expense	364	1,210
Adjustments and write-offs, net of recoveries	(186)	(456)
Balance at ending of year	$ 2,515	$ 2,337

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Operating Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue [Line Items]
Operating revenues	$ 559,945	$ 478,423
Index [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	330,759	292,491
Analytics [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	139,797	134,017
ESG and Climate [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	52,029	34,750
All Other - Private Assets [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	37,360	17,165
Recurring Subscriptions [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	399,760	337,732
Recurring Subscriptions [Member] | Index [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	174,498	155,117
Recurring Subscriptions [Member] | Analytics [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	137,799	131,672
Recurring Subscriptions [Member] | ESG and Climate [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	50,572	34,140
Recurring Subscriptions [Member] | All Other - Private Assets [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	36,891	16,803
Asset-based Fees [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	145,053	126,706
Asset-based Fees [Member] | Index [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	145,053	126,706
Non-recurring [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	15,132	13,985
Non-recurring [Member] | Index [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	11,208	10,668
Non-recurring [Member] | Analytics [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	1,998	2,345
Non-recurring [Member] | ESG and Climate [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	1,457	610
Non-recurring [Member] | All Other - Private Assets [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	$ 469	$ 362

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Change in Accounts Receivable and Current Deferred Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Revenue From Contract With Customer [Abstract]
Accounts receivable, balance	$ 592,326	$ 506,849	$ 664,511	$ 558,569
Accounts receivable, Increase/(decrease)	(72,185)	(51,720)
Deferred revenue	832,203	672,054	$ 824,912	$ 675,870
Deferred revenue, Increase/(decrease)	$ 7,291	$ (3,816)

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue Recognition [Line Items]
Revenue recognized during period included in deferred revenue	$ 339.7	$ 270.3
Revenue, performance obligations and revenue recognition, description	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 [Member]
Revenue Recognition [Line Items]
Long-term deferred revenue	$ 24.4	$ 23.4

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Remaining Performance Obligations (Detail) $ in Thousands	Mar. 31, 2022USD ($)
Revenue Recognition [Line Items]
Remaining performance obligations	$ 957,162
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
Revenue Recognition [Line Items]
Remaining performance obligations	502,988
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-04-01
Revenue Recognition [Line Items]
Remaining performance obligations	291,127
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-04-01
Revenue Recognition [Line Items]
Remaining performance obligations	101,402
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-04-01
Revenue Recognition [Line Items]
Remaining performance obligations	$ 61,645

Revenue Recognition - Schedul_3

Revenue Recognition - Schedule of Remaining Performance Obligations (Detail 1) $ in Thousands	Mar. 31, 2022USD ($)
Revenue From Contract With Customer [Abstract]
Remaining performance obligations	$ 957,162

Revenue Recognition - Schedul_4

Revenue Recognition - Schedule of Remaining Performance Obligations (Parenthetical) (Detail)	Mar. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
Revenue Recognition [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-04-01
Revenue Recognition [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-04-01
Revenue Recognition [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-04-01
Revenue Recognition [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

Earnings Per Common Share - Com

Earnings Per Common Share - Computation of Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net income	$ 228,423	$ 196,819
Basic weighted average common shares outstanding	81,591	82,640
Effect of dilutive securities:
PSUs, RSUs and PSOs	695	853
Diluted weighted average common shares outstanding	82,286	83,493
Earnings per basic common share	$ 2.80	$ 2.38
Earnings per diluted common share	$ 2.78	$ 2.36

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 13, 2021	Mar. 31, 2022	Mar. 31, 2021
Business Acquisition [Line Items]
Operating revenues		$ 559,945	$ 478,423
ASU 2021-08 [Member]
Business Acquisition [Line Items]
Change in accounting principle, accounting standards update, adopted		true
Change in accounting principle, accounting standards update, early adoption		true
RCA [Member]
Business Acquisition [Line Items]
Date of acquisition	Sep. 13, 2021
Aggregate cash purchase price	$ 949,000
Operating revenues		$ 19,200

Acquisitions - Components of Pr

Acquisitions - Components of Preliminary Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Sep. 13, 2021	Mar. 31, 2022	Dec. 31, 2021
Intangible assets:
Goodwill		$ 2,235,199	$ 2,236,386
RCA [Member]
Business Acquisition [Line Items]
Accounts receivable	$ 9,645
Other current assets	3,721
Property, equipment and leasehold improvements, net	1,204
Right of use assets	6,441
Other non-current assets	3,270
Deferred revenue	(35,194)
Other current liabilities	(15,000)
Long-term operating lease liabilities	(4,849)
Deferred tax liabilities	(85,196)
Intangible assets:
Goodwill	671,227
Purchase price, net of cash acquired	948,959
RCA [Member] | Proprietary Data [Member]
Intangible assets:
Intangible assets	$ 185,500
Estimated useful life	11 years
RCA [Member] | Customer Relationships [Member]
Intangible assets:
Intangible assets	$ 175,800
Estimated useful life	20 years
RCA [Member] | Acquired Technology and Software [Member]
Intangible assets:
Intangible assets	$ 31,500
Estimated useful life	9 years
RCA [Member] | Trademarks [Member]
Intangible assets:
Intangible assets	$ 890
Estimated useful life	2 years

Property, Equipment and Lease_3

Property, Equipment and Leasehold Improvements, Net - Schedule of Property, Equipment and Leasehold Improvements, Net (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Property Plant And Equipment [Abstract]
Computer & related equipment	$ 180,600	$ 179,557
Furniture & fixtures	15,162	14,194
Leasehold improvements	57,138	56,308
Work-in-process	2,617	2,699
Subtotal	255,517	252,758
Accumulated depreciation and amortization	(190,835)	(186,043)
Property, equipment and leasehold improvements, net	$ 64,682	$ 66,715

Property, Equipment and Lease_4

Property, Equipment and Leasehold Improvements, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property Plant And Equipment [Abstract]
Depreciation and amortization of property, equipment and leasehold improvements	$ 6,534	$ 7,143

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Schedule of Change to Company's Goodwill (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill [Line Items]
Goodwill, Beginning balance	$ 2,236,386
Acquisitions	353
Foreign exchange translation adjustment	(1,540)
Goodwill, Ending balance	2,235,199
Index [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	1,205,443
Foreign exchange translation adjustment	(953)
Goodwill, Ending balance	1,204,490
Analytics [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	290,976
Goodwill, Ending balance	290,976
ESG and Climate [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	48,047
Goodwill, Ending balance	48,047
All Other - Private Assets [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	691,920
Acquisitions	353
Foreign exchange translation adjustment	(587)
Goodwill, Ending balance	$ 691,686

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Schedule of Amortization Expense Related to Intangible Assets by Category (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 21,720	$ 15,068
Acquired Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	15,898	8,368
Capitalized Software [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 5,822	$ 6,700

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Schedule of Gross Carrying and Accumulated Amortization Amounts Related to Company's Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Acquired Finite Lived Intangible Assets [Line Items]
Gross carrying value excluding foreign exchange translation adjustment	$ 1,290,874	$ 1,276,630
Foreign exchange translation adjustment	(7,503)	(5,782)
Gross intangible assets	1,283,371	1,270,848
Accumulated amortization excluding foreign exchange translation adjustment	(699,830)	(678,123)
Foreign exchange translation adjustment	1,517	616
Accumulated amortization	(698,313)	(677,507)
Net carrying value excluding foreign exchange translation adjustment	591,044	598,507
Foreign exchange translation adjustment	(5,986)	(5,166)
Net carrying value	585,058	593,341
Customer Relationships [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Gross carrying value excluding foreign exchange translation adjustment	532,500	532,400
Accumulated amortization excluding foreign exchange translation adjustment	(285,519)	(277,865)
Net carrying value excluding foreign exchange translation adjustment	246,981	254,535
Trademarks [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Gross carrying value excluding foreign exchange translation adjustment	208,190	208,190
Accumulated amortization excluding foreign exchange translation adjustment	(154,862)	(152,468)
Net carrying value excluding foreign exchange translation adjustment	53,328	55,722
Acquired Technology and Software [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Gross carrying value excluding foreign exchange translation adjustment	209,220	209,220
Accumulated amortization excluding foreign exchange translation adjustment	(176,747)	(175,718)
Net carrying value excluding foreign exchange translation adjustment	32,473	33,502
Proprietary Data [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Gross carrying value excluding foreign exchange translation adjustment	220,700	220,639
Accumulated amortization excluding foreign exchange translation adjustment	(27,498)	(22,678)
Net carrying value excluding foreign exchange translation adjustment	193,202	197,961
Capitalized Software [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Gross carrying value excluding foreign exchange translation adjustment	120,264	106,181
Accumulated amortization excluding foreign exchange translation adjustment	(55,204)	(49,394)
Net carrying value excluding foreign exchange translation adjustment	$ 65,060	$ 56,787

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Estimated Amortization Expense for Remainder of 2022 and Succeeding Years (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 68,275
2023	85,742
2024	78,586
2025	53,876
2026	36,664
Thereafter	261,915
Net carrying value	$ 585,058	$ 593,341

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Mar. 31, 2022USD ($)
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument principal amount	$ 4,200,000,000
Prepaid and Other Assets [Member]
Schedule Of Commitments And Contingencies [Line Items]
Deferred financing fees and premium remain unamortized	500,000
Other Non-Current Assets [Member]
Schedule Of Commitments And Contingencies [Line Items]
Deferred financing fees and premium remain unamortized	2,000,000
Long-term Debt [Member]
Schedule Of Commitments And Contingencies [Line Items]
Deferred financing fees and premium remain unamortized	37,600,000
Senior Unsecured Notes [Member]
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument principal amount	4,200,000,000
Senior Notes and Revolving Credit Facility [Member]
Schedule Of Commitments And Contingencies [Line Items]
Deferred financing fees and premium remain unamortized	$ 40,100,000

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Senior Unsecured Notes (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Principal Amount Outstanding	$ 4,200,000,000
Carrying Value	4,162,465,000	$ 4,161,422,000
Fair Value	$ 3,965,356,000	4,355,789,000
4.000% Senior Unsecured Notes Due 2029 [Member]
Debt Instrument [Line Items]
Maturity Date	Nov. 15, 2029
Principal Amount Outstanding	$ 1,000,000,000
Carrying Value	991,728,000	991,455,000
Fair Value	$ 973,030,000	1,047,950,000
3.625% Senior Unsecured Notes Due 2030 [Member]
Debt Instrument [Line Items]
Maturity Date	Sep. 1, 2030
Principal Amount Outstanding	$ 900,000,000
Carrying Value	894,428,000	894,263,000
Fair Value	$ 845,955,000	924,777,000
3.875% Senior Unsecured Notes Due 2031 [Member]
Debt Instrument [Line Items]
Maturity Date	Feb. 15, 2031
Principal Amount Outstanding	$ 1,000,000,000
Carrying Value	990,247,000	989,973,000
Fair Value	$ 950,380,000	1,046,620,000
3.625% Senior Unsecured Notes Due 2031 [Member]
Debt Instrument [Line Items]
Maturity Date	Nov. 1, 2031
Principal Amount Outstanding	$ 600,000,000
Carrying Value	593,702,000	593,538,000
Fair Value	$ 565,200,000	625,536,000
3.250% Senior Unsecured Notes Due 2033 [Member]
Debt Instrument [Line Items]
Maturity Date	Aug. 15, 2033
Principal Amount Outstanding	$ 700,000,000
Carrying Value	692,360,000	692,193,000
Fair Value	$ 630,791,000	$ 710,906,000

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Senior Unsecured Notes (Parenthetical) (Detail)	Mar. 31, 2022
4.000% Senior Unsecured Notes Due 2029 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	4.00%
3.625% Senior Unsecured Notes Due 2030 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	3.625%
3.875% Senior Unsecured Notes Due 2031 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	3.875%
3.625% Senior Unsecured Notes Due 2031 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	3.625%
3.250% Senior Unsecured Notes Due 2033 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	3.25%

Commitments and Contingencies_4

Commitments and Contingencies - Schedule of Interest Payments Due Attributable to Senior Notes (Detail)	3 Months Ended
	Mar. 31, 2022
4.000% Senior Unsecured Notes Due 2029 [Member]
Debt Instrument [Line Items]
First semi-annual interest payment date	--05-15
Second semi-annual interest payment date	--11-15
3.625% Senior Unsecured Notes Due 2030 [Member]
Debt Instrument [Line Items]
First semi-annual interest payment date	--03-01
Second semi-annual interest payment date	--09-01
3.875% Senior Unsecured Notes Due 2031 [Member]
Debt Instrument [Line Items]
First semi-annual interest payment date	--06-01
Second semi-annual interest payment date	--12-01
3.625% Senior Unsecured Notes Due 2031 [Member]
Debt Instrument [Line Items]
First semi-annual interest payment date	--05-01
Second semi-annual interest payment date	--11-01
3.250% Senior Unsecured Notes Due 2033 [Member]
Debt Instrument [Line Items]
First semi-annual interest payment date	--02-15
Second semi-annual interest payment date	--08-15

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating lease, expense	$ 7.7	$ 7.6

Leases - Summary of Maturities

Leases - Summary of Maturities of Operating Lease Liability (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Maturity of Lease Liabilities
Remainder of 2022	$ 20,368
2023	28,273
2024	22,827
2025	21,628
2026	19,864
Thereafter	73,499
Total lease payments	186,459
Less: Interest	(23,538)
Present value of lease liabilities	162,921
Other accrued liabilities	$ 23,026
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other accrued liabilities
Long-term operating lease liabilities	$ 139,895	$ 150,029

Leases - Summary of Weighted-Av

Leases - Summary of Weighted-Average Remaining Lease Term and Discount Rate Under Operating Leases (Detail)	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Weighted-average remaining lease term (years)	8 years 1 month 6 days	8 years 1 month 28 days
Weighted-average discount rate	3.14%	3.09%

Leases - Summary of Other Infor

Leases - Summary of Other Information Under Operating Lease (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating cash flows used for operating leases	$ 7,152	$ 7,632
Right of use assets obtained in exchange for new operating lease liabilities		$ 4,144

Shareholders' Equity (Deficit_2

Shareholders' Equity (Deficit) - Additional Information (Detail) - USD ($)	Mar. 31, 2022	Oct. 29, 2020
2020 Repurchase Program [Member]
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	$ 816,500,000	1,804,500,000
2019 Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, remaining authorized repurchase amount		$ 804,500,000

Shareholders' Equity (Deficit_3

Shareholders' Equity (Deficit) - Schedule of Company's Common Stock Repurchases Made on Open Market (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Equity, Class of Treasury Stock [Line Items]
Dollar Value of Shares Repurchased	$ 772,657	$ 134,340
Open Market Purchases of Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Average Price Paid Per Share	$ 515.74	$ 407.70
Total Number of Shares Repurchased	1,498	330
Dollar Value of Shares Repurchased	$ 772,657	$ 134,340

Shareholders' Equity (Deficit_4

Shareholders' Equity (Deficit) - Schedule of Dividends Declared Per Common Share and Total Amounts Declared, Distributed and Deferred (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Stockholders Equity [Abstract]
Dividend declared per common share	$ 1.04	$ 0.78
Cash dividends declared, Amount	$ 87,280	$ 65,947
Cash dividends distributed, Amount	87,846	66,153
Cash dividends (released)/deferred, Amount	$ (566)	$ (206)

Shareholders' Equity (Deficit_5

Shareholders' Equity (Deficit) - Summary of Activity Related to Shares of Common Stock Issued and Repurchased (Detail)	3 Months Ended
	Mar. 31, 2022shares
Common Stock Issued [Member]
Common Stock Outstanding [Line Items]
Beginning balance	133,162,178
Dividend payable/paid	82
Common stock issued	417,508
Shares issued to directors	41
Ending balance	133,579,809
Treasury Stock [Member]
Common Stock Outstanding [Line Items]
Beginning balance	(50,722,729)
Shares withheld for tax withholding	(190,766)
Shares repurchased under stock repurchase programs	(1,498,143)
Shares issued to directors	(41)
Ending balance	(52,411,679)
Common Stock Outstanding [Member]
Common Stock Outstanding [Line Items]
Beginning balance	82,439,449
Dividend payable/paid	82
Common stock issued	417,508
Shares withheld for tax withholding	(190,766)
Shares repurchased under stock repurchase programs	(1,498,143)
Ending balance	81,168,130

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 20,520	$ 19,209
Effective tax rate	8.20%	8.90%
Amounts effect on effective tax rate	$ 28,100	$ 22,300
Amount of excess tax benefits recognized on share-based compensation vested	$ 28,300	$ 20,400
Tax years under examination	2008
Decrease in unrecognized tax benefit	$ 28,600

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022SegmentReporting_unit
Segment Reporting [Abstract]
Number of operating segments | Segment	5
Number of reportable segments | Reporting_unit	4

Segment Information - Operating

Segment Information - Operating Revenues by Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	$ 559,945	$ 478,423
Index [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	330,759	292,491
Analytics [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	139,797	134,017
ESG and Climate [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	52,029	34,750
All Other - Private Assets [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	$ 37,360	$ 17,165

Segment Information - Segment P

Segment Information - Segment Profitability and Reconciliation to Net Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 318,544	$ 276,586
Amortization of intangible assets	21,720	15,068
Depreciation and amortization of property, equipment and leasehold improvements	6,534	7,143
Acquisition-related integration and transaction costs (1)	1,312
Operating income	288,978	254,375
Other expense (income), net	40,035	38,347
Provision for income taxes	20,520	19,209
Net income	228,423	196,819
Index [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	245,875	219,879
Analytics [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	50,889	45,731
ESG and Climate [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	12,092	5,045
All Other - Private Assets [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 9,688	$ 5,931

Segment Information - Operati_2

Segment Information - Operating Revenues by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	$ 559,945	$ 478,423
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	233,356	196,689
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	22,467	20,173
Total Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	255,823	216,862
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	86,986	79,081
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	131,573	106,194
Europe, the Middle East and Africa ("EMEA") [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	218,559	185,275
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	23,190	21,642
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	62,373	54,644
Total Asia & Australia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	$ 85,563	$ 76,286

Segment Information - Long-Live

Segment Information - Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 263,940	$ 268,176
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	170,598	167,870
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	13,299	13,480
Total Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	183,897	181,350
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	19,981	19,563
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	29,434	34,240
Total EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	49,415	53,803
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	1,038	1,150
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	29,590	31,873
Total Asia & Australia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 30,628	$ 33,023

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Apr. 25, 2022	Apr. 25, 2022	Mar. 31, 2022	Mar. 31, 2021
Subsequent Event [Line Items]
Common stock repurchased, total value			$ 772,657	$ 134,340
Quarterly dividend declared			$ 1.04	$ 0.78
Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock repurchased, shares		50
Common stock repurchased, average price per share		$ 486.59
Common stock repurchased, total value		$ 22,100
Quarterly dividend declared	$ 1.04
Quarterly dividend declared date	Apr. 25, 2022
Quarterly dividend payable date	May 31, 2022
Quarterly dividend record date	May 13, 2022