0001564590-22-026419 | 10-Q | XBRL Viewer

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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2022	Jul. 19, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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		80,502,940
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 Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 842,300	$ 1,421,449
Accounts receivable, net of allowances	586,815	664,511
Prepaid income taxes	15,900	5,951
Prepaid and other assets	44,066	51,499
Total current assets	1,489,081	2,143,410
Property, equipment and leasehold improvements, net	59,390	66,715
Right of use assets	128,122	144,584
Goodwill	2,231,154	2,236,386
Intangible assets, net	576,362	593,341
Equity method investment	216,554	218,763
Deferred tax assets	64,216	40,119
Other non-current assets	68,473	63,385
Total assets	4,833,352	5,506,703
Current liabilities:
Accounts payable	9,295	13,448
Income taxes payable	38,615	59,635
Accrued compensation and related benefits	106,797	207,640
Current portion of long-term debt	6,532
Other accrued liabilities	151,021	145,302
Deferred revenue	808,020	824,912
Total current liabilities	1,120,280	1,250,937
Long-term debt	4,505,338	4,161,422
Long-term operating lease liabilities	132,494	150,029
Deferred tax liabilities	3,841	3,650
Other non-current liabilities	97,845	104,132
Total liabilities	5,859,798	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; 133,604,132 and 133,162,178 common shares issued and 80,496,258 and 82,439,449 common shares outstanding at June 30, 2022 and December 31, 2021, respectively)	1,336	1,332
Treasury shares, at cost (53,107,874 and 50,722,729 common shares held at June 30, 2022 and December 31, 2021, respectively)	(5,699,069)	(4,540,144)
Additional paid in capital	1,492,334	1,457,623
Retained earnings	3,243,654	2,976,517
Accumulated other comprehensive loss	(64,701)	(58,795)
Total shareholders’ equity (deficit)	(1,026,446)	(163,467)
Total liabilities and shareholders’ equity (deficit)	$ 4,833,352	$ 5,506,703

Condensed Consolidated Statements of Financial Condition (Parenthetical) - $ / shares	Jun. 30, 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	133,604,132	133,162,178
Common stock, shares outstanding	80,496,258	82,439,449
Treasury shares	53,107,874	50,722,729

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Operating revenues	$ 551,806	$ 498,180	$ 1,111,751	$ 976,603
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization)	100,768	87,327	203,539	173,107
Selling and marketing	61,073	58,191	127,126	114,658
Research and development	23,916	27,531	52,238	52,393
General and administrative	36,724	30,182	82,291	64,910
Amortization of intangible assets	22,179	30,396	43,899	45,464
Depreciation and amortization of property, equipment and leasehold improvements	6,765	7,020	13,299	14,163
Total operating expenses	251,425	240,647	522,392	464,695
Operating income	300,381	257,533	589,359	511,908
Interest income	(924)	(347)	(1,222)	(733)
Interest expense	41,085	39,557	81,799	77,141
Other expense (income)	188	22,628	(193)	23,777
Other expense (income), net	40,349	61,838	80,384	100,185
Income before provision for income taxes	260,032	195,695	508,975	411,723
Provision for income taxes	49,445	30,272	69,965	49,481
Net income	$ 210,587	$ 165,423	$ 439,010	$ 362,242
Earnings per share:
Basic	$ 2.60	$ 2.01	$ 5.40	$ 4.39
Diluted	$ 2.59	$ 1.99	$ 5.37	$ 4.34
Weighted average shares outstanding:
Basic	80,923	82,454	81,255	82,546
Diluted	81,295	83,295	81,789	83,393

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 210,587	$ 165,423	$ 439,010	$ 362,242
Other comprehensive (loss) income:
Foreign currency translation adjustments	(11,796)	879	(14,746)	(826)
Income tax effect	1,606	(35)	2,468	577
Foreign currency translation adjustments, net	(10,190)	844	(12,278)	(249)
Pension and other post-retirement adjustments	7,376	(59)	7,486	197
Income tax effect	(1,070)	22	(1,114)	(98)
Pension and other post-retirement adjustments, net	6,306	(37)	6,372	99
Other comprehensive (loss) income, net of tax	(3,884)	807	(5,906)	(150)
Comprehensive income	$ 206,703	$ 166,230	$ 433,104	$ 362,092

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, 2020	(443,234)	1,328	(4,342,535)	1,402,537	2,554,295	(58,859)
Net income	362,242
Balance at Jun. 30, 2021	(367,807)	1,331	(4,529,573)	1,433,717	2,785,727	(59,009)
Balance at Mar. 31, 2021	(481,582)	1,331	(4,529,709)	1,421,445	2,685,167	(59,816)
Net income	165,423				165,423
Dividends declared	(64,863)				(64,863)
Dividends paid in shares	20			20
Other comprehensive income (loss), net of tax	807					807
Shares withheld for tax withholding and exercises	(620)		(620)
Compensation payable in common stock	12,252			12,252
Common stock issued to Directors and (held in)/released from treasury	756		756
Balance at Jun. 30, 2021	(367,807)	1,331	(4,529,573)	1,433,717	2,785,727	(59,009)
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)
Balance at Dec. 31, 2021	(163,467)	1,332	(4,540,144)	1,457,623	2,976,517	(58,795)
Net income	439,010
Balance at Jun. 30, 2022	(1,026,446)	1,336	(5,699,069)	1,492,334	3,243,654	(64,701)
Balance at Mar. 31, 2022	(879,189)	1,336	(5,417,822)	1,480,454	3,117,660	(60,817)
Net income	210,587				210,587
Dividends declared	(84,593)				(84,593)
Dividends paid in shares	22			22
Other comprehensive income (loss), net of tax	(3,884)					(3,884)
Shares withheld for tax withholding and exercises	(3,862)		(3,862)
Compensation payable in common stock	11,858			11,858
Common stock repurchased and held in treasury	(276,994)		(276,994)
Common stock issued to Directors and (held in)/released from treasury	(391)		(391)
Balance at Jun. 30, 2022	$ (1,026,446)	$ 1,336	$ (5,699,069)	$ 1,492,334	$ 3,243,654	$ (64,701)

Condensed Consolidated Statements of Shareholders' Equity (Deficit) (Parenthetical) - $ / shares	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Stockholders Equity [Abstract]
Dividends per common share	$ 1.04	$ 1.04	$ 0.78	$ 0.78	$ 2.08	$ 1.56

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net income	$ 439,010	$ 362,242
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets	43,899	45,464
Stock-based compensation expense	34,419	30,856
Depreciation and amortization of property, equipment and leasehold improvements	13,299	14,163
Amortization of right of use assets	12,491	12,129
Loss on impairment of right of use assets	705
Amortization of debt origination fees	2,607	2,340
Loss on extinguishment of debt		21,792
Deferred taxes	(22,826)	(8,488)
Other adjustments	2,511	4,036
Changes in assets and liabilities:
Accounts receivable	70,131	69,119
Prepaid income taxes	(10,686)	(37,679)
Prepaid and other assets	6,768	4,597
Other non-current assets	(5,726)	354
Accounts payable	(4,906)	(5,211)
Accrued compensation and related benefits	(97,272)	(50,793)
Income taxes payable	(18,407)	7,699
Other accrued liabilities	6,703	(10,359)
Deferred revenue	(2,731)	(12,668)
Long-term operating lease liabilities	(13,085)	(11,135)
Other non-current liabilities	4,098	4,350
Other	(4,129)	(2,294)
Net cash provided by operating activities	456,873	440,514
Cash flows from investing activities
Capitalized software development costs	(29,699)	(18,937)
Capital expenditures	(4,737)	(2,473)
Other	23	(911)
Net cash used in investing activities	(34,413)	(22,321)
Cash flows from financing activities
Proceeds from borrowings, inclusive of premium	355,000	1,103,750
Repayment of borrowings	(5,000)	(518,245)
Repurchase of common stock held in treasury	(1,158,513)	(187,774)
Payment of dividends	(171,936)	(130,557)
Payment of debt issuance costs in connection with debt	(2,277)	(10,316)
Payment of contingent consideration	(210)
Net cash (used in) provided by financing activities	(982,936)	256,858
Effect of exchange rate changes	(18,673)	(3,570)
Net (decrease) increase in cash	(579,149)	671,481
Cash and cash equivalent, beginning of period	1,421,449	1,300,521
Cash and cash equivalent, end of period	842,300	1,972,002
Supplemental disclosure of cash flow information:
Cash paid for interest	78,185	77,076
Cash paid for income taxes, net of refunds received	124,034	83,139
Supplemental disclosure of non-cash investing activities
Property, equipment and leasehold improvements in other accrued liabilities	4,928	4,393
Supplemental disclosure of non-cash financing activities
Cash dividends declared, but not yet paid	$ 2,765	$ 1,582

Introduction and Basis of Presentation

6 Months Ended

Jun. 30, 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 June 30, 2022 and December 31, 2021, the results of operations, comprehensive income and shareholders’ equity (deficit) for the three and six months ended June 30, 2022 and 2021 and cash flows for the six months ended June 30, 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 six months ended June 30, 2022 and 2021, BlackRock, Inc. (“BlackRock”) accounted for 10.8% and 12.4% of the Company’s consolidated operating revenues, respectively. For the six months ended June 30, 2022 and 2021, BlackRock accounted for 18.0% and 19.8% 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 six months ended June 30, 2022 and 2021.

Allowance for Doubtful Accounts

Changes in the allowance for doubtful accounts from December 31, 2020 to June 30, 2022 were as follows:

	Amount
	(in thousands)
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		598
Adjustments and write-offs, net of recoveries		(470	)
Balance as of June 30, 2022	$	2,465

Recent Accounting Standards Updates

6 Months Ended

Jun. 30, 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.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue Recognition

6 Months Ended

Jun. 30, 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 June 30, 2022
	Segments
(in thousands)	Index		Analytics		ESG and Climate		All Other - Private Assets		Total
Operating Revenue Types
Recurring subscriptions	$	179,711	$	139,497	$	54,037	$	33,804	$	407,049
Asset-based fees		132,216		—		—		—		132,216
Non-recurring		9,022		2,187		1,091		241		12,541
Total	$	320,949	$	141,684	$	55,128	$	34,045	$	551,806

	For the Six Months ended June 30, 2022
	Segments
(in thousands)	Index		Analytics		ESG and Climate		All Other - Private Assets		Total
Operating Revenue Types
Recurring subscriptions	$	354,209	$	277,296	$	104,609	$	70,695	$	806,809
Asset-based fees		277,269		—		—		—		277,269
Non-recurring		20,230		4,185		2,548		710		27,673
Total	$	651,708	$	281,481	$	107,157	$	71,405	$	1,111,751

	For the Three Months ended June 30, 2021
	Segments
(in thousands)	Index		Analytics		ESG and Climate		All Other - Private Assets		Total
Operating Revenue Types
Recurring subscriptions	$	160,061	$	133,368	$	38,567	$	16,134	$	348,130
Asset-based fees		136,142		—		—		—		136,142
Non-recurring		9,760		2,534		741		873		13,908
Total	$	305,963	$	135,902	$	39,308	$	17,007	$	498,180

	For the Six Months ended June 30, 2021
	Segments
(in thousands)	Index		Analytics		ESG and Climate		All Other - Private Assets		Total
Operating Revenue Types
Recurring subscriptions	$	315,178	$	265,040	$	72,707	$	32,937	$	685,862
Asset-based fees		262,848		—		—		—		262,848
Non-recurring		20,428		4,879		1,351		1,235		27,893
Total	$	598,454	$	269,919	$	74,058	$	34,172	$	976,603

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 (June 30, 2022)		586,815			808,020
Increase/(decrease)	$	(77,696	)	$	(16,892	)

	Accounts receivable			Deferred revenue
	(in thousands)
Opening (December 31, 2020)	$	558,569		$	675,870
Closing (June 30, 2021)		488,570			662,168
Increase/(decrease)	$	(69,999	)	$	(13,702	)

The amounts of revenue recognized in the periods that were included in the opening current deferred revenue, which reflects contract liability amounts, were $232.9 million and $572.6 million for the three and six months ended June 30, 2022, respectively and $208.3 million and $478.6 million for the three and six months ended June 30, 2021, respectively. The difference between the opening and closing balances of the Company’s deferred revenue is primarily driven by an increase in amortization of deferred revenue to operating revenues, partially offset by an increase in billings. As of June 30, 2022 and December 31, 2021, the Company carried a long-term deferred revenue balance of $26.5 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
	June 30,
	2022
	(in thousands)
First 12-month period	$	538,308
Second 12-month period		311,282
Third 12-month period		115,464
Periods thereafter		63,060
Total	$	1,028,114

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 13
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-Subparagraph (a)
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Earnings Per Common Share

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
(in thousands, except per share data)
Net income	$	210,587	$	165,423	$	439,010	$	362,242

Basic weighted average common shares outstanding		80,923		82,454		81,255		82,546
Effect of dilutive securities:
PSUs, RSUs and PSOs		372		841		534		847
Diluted weighted average common shares outstanding		81,295		83,295		81,789		83,393

Earnings per basic common share	$	2.60	$	2.01	$	5.40	$	4.39

Earnings per diluted common share	$	2.59	$	1.99	$	5.37	$	4.34

Acquisitions

6 Months Ended

Jun. 30, 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 Assets 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		$	9,700
Other current assets			3,721
Property, equipment and leasehold improvements, net			1,204
Right of use assets			6,441
Other non-current assets			3,408
Deferred revenue			(35,194	)
Other current liabilities			(15,312	)
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			671,346
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 was $19.3 million and $38.5 million for the three and six months ended June 30, 2022, respectively.

Property, Equipment and Leasehold Improvements, Net

6 Months Ended

Jun. 30, 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
	June 30,			December 31,
	2022			2021
	(in thousands)
Computer & related equipment	$	180,390		$	179,557
Furniture & fixtures		14,679			14,194
Leasehold improvements		56,597			56,308
Work-in-process		2,154			2,699
Subtotal		253,820			252,758
Accumulated depreciation and amortization		(194,430	)		(186,043	)
Property, equipment and leasehold improvements, net	$	59,390		$	66,715

Depreciation and amortization expense of property, equipment and leasehold improvements was $6.8 million and $7.0 million for the three months ended June 30, 2022 and 2021, respectively. Depreciation and amortization expense of property, equipment and leasehold improvements was $13.3 million and $14.2 million for the six months ended June 30, 2022 and 2021, respectively.

Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 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⁾		—			—		—		472		⁽¹⁾		472
Foreign exchange translation adjustment		(3,529	)		—		—		(2,175	)			(5,704	)
Goodwill at June 30, 2022	$	1,201,914		$	290,976	$	48,047	$	690,217			$	2,231,154

⁽¹⁾	^{Reflects the impact of measurement period adjustments associated with the acquisition of RCA.}

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				Six Months Ended
	June 30,				June 30,
(in thousands)	2022		2021		2022		2021
Amortization expense of acquired intangible assets	$	15,854	$	8,376	$	31,752	$	16,744
Amortization expense of internally developed capitalized software		6,325		6,007		12,147		12,707
Write-off of internally developed capitalized software		—		16,013		—		16,013
Total amortization of intangible assets expense	$	22,179	$	30,396	$	43,899	$	45,464

The gross carrying and accumulated amortization amounts related to the Company’s intangible assets were as follows:

	As of
	June 30,			December 31,
	2022			2021
	(in thousands)
Gross intangible assets:
Customer relationships	$	532,500		$	532,400
Proprietary data		220,778			220,639
Acquired technology and software		209,220			209,220
Trademarks		208,190			208,190
Internally developed capitalized software		135,824			106,181
Subtotal		1,306,512			1,276,630
Foreign exchange translation adjustment		(12,216	)		(5,782	)
Total gross intangible assets	$	1,294,296		$	1,270,848
Accumulated amortization:
Customer relationships	$	(293,163	)	$	(277,865	)
Proprietary data		(32,284	)		(22,678	)
Acquired technology and software		(177,776	)		(175,718	)
Trademarks		(157,256	)		(152,468	)
Internally developed capitalized software		(61,566	)		(49,394	)
Subtotal		(722,045	)		(678,123	)
Foreign exchange translation adjustment		4,111			616
Total accumulated amortization	$	(717,934	)	$	(677,507	)
Net intangible assets:
Customer relationships	$	239,337		$	254,535
Proprietary data		188,494			197,961
Acquired technology and software		31,444			33,502
Trademarks		50,934			55,722
Internally developed capitalized software		74,258			56,787
Subtotal		584,467			598,507
Foreign exchange translation adjustment		(8,105	)		(5,166	)
Total net intangible assets	$	576,362		$	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	$	47,345
2023		90,144
2024		83,022
2025		57,191
2026		37,065
Thereafter		261,595
Total	$	576,362

Commitments and Contingencies

6 Months Ended

Jun. 30, 2022

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

8. COMMITMENTS AND CONTINGENCIES

As of June 30, 2022, the Company had outstanding an aggregate of $4,200.0 million in senior unsecured notes (collectively, the “Senior Notes”) and an aggregate of $350.0 million in senior unsecured tranche A term loans (the “Tranche A Term Loans”) under the term loan A facility (the “TLA Facility”), as presented in the table below:

		Principal Amount Outstanding at		Carrying Value at		Carrying Value at		Fair Value at		Fair Value at
	Maturity Date	June 30, 2022		June 30, 2022		December 31, 2021		June 30, 2022		December 31, 2021
	(in thousands)
Debt
4.000% senior unsecured notes due 2029	November 15, 2029		1,000,000		992,000		991,455		889,250		1,047,950
3.625% senior unsecured notes due 2030	September 1, 2030		900,000		894,594		894,263		753,390		924,777
3.875% senior unsecured notes due 2031	February 15, 2031		1,000,000		990,520		989,973		855,950		1,046,620
3.625% senior unsecured notes due 2031	November 1, 2031		600,000		593,867		593,538		498,282		625,536
3.250% senior unsecured notes due 2033	August 15, 2033		700,000		692,528		692,193		559,160		710,906
Variable rate Tranche A Term Loans due 2027	February 16, 2027		350,000		348,361		—		346,500		—
Total debt		$	4,550,000	$	4,511,870	$	4,161,422	$	3,902,532	$	4,355,789

Interest payments attributable to the Company’s outstanding indebtedness are due as presented in the following table:

	Interest payment frequency	First interest payment date
Senior Notes and Tranche A Term Loans
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 Tranche A Term Loans due 2027¹	Quarterly	October 15

⁽¹⁾The first payment will occur on October 15, 2022.

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.

Credit Agreement. Since November 20, 2014, the Company has maintained a revolving credit agreement with a syndicate of banks. On June 9, 2022, the Company, the guarantors party thereto and the lenders and agents party thereto, entered into an Amended and Restated Credit Agreement (the “Credit Agreement”), amending and restating in its entirety the Company’s prior revolving credit agreement (the “Prior Revolving Credit Agreement”). The Credit Agreement makes available to the Company (x) an aggregate of $500.0 million of revolving loan commitments, which may be drawn until February 16, 2027, and (y) the TLA Facility. At June 30, 2022, the revolving loan commitments were undrawn. As noted above, at June 30, 2022, the commitments under the TLA Facility were drawn in full, and the resulting Tranche A Term Loans mature on February 16, 2027. The obligations under the Credit Agreement are general unsecured obligations of the Company and the guarantors.

Interest on the Tranche A Term Loans under the TLA Facility 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 and will be due on each Interest Payment Date (as defined in the Credit Agreement). Until the delivery of financial statements to the administrative agent for the three months ending June 30, 2022, the applicable margin is 1.00% for Base Rate loans, and 2.00% for SOFR loans. Thereafter, the applicable margin is calculated by reference to the Company’s Consolidated Leverage Ratio (as defined in the Credit Agreement) and ranges between 1.50% to 2.00% for SOFR loans, and 0.50% to 1.00% for Base Rate loans. At June 30, 2022, the interest rate on the TLA Facility was 3.28%.

In connection with the closings of the Senior Notes offerings, entry into the Prior Revolving 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 June 30, 2022, $40.5 million of the deferred financing fees and premium remain unamortized, $0.5 million of which is included in “Prepaid and other assets,” $1.9 million of which is included in “Other non-current assets” and $38.1 million of which is included in “Long-term debt” on the Unaudited Condensed Consolidated Statement of Financial Condition.

Leases

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

9. LEASES

The Company recognized $7.5 million of operating lease expenses for each of the three months ended June 30, 2022 and 2021. The Company recognized $15.1 million of operating lease expenses for each of the six months ended June 30, 2022 and 2021. The amounts associated with variable lease costs, short-term lease costs and sublease income were not material for any of the three and six months ended June 30, 2022 and 2021.

Maturities of the Company’s operating lease liabilities as of June 30, 2022 are as follows:

Maturity of Lease Liabilities	Operating
(in thousands)	Leases
Remainder of 2022	$	13,895
2023		29,357
2024		22,322
2025		21,153
2026		19,460
Thereafter		73,176
Total lease payments	$	179,363
Less: Interest		(22,152	)
Present value of lease liabilities	$	157,211

Other accrued liabilities	$	24,717
Long-term operating lease liabilities	$	132,494

Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows:

	As of
	June 30,			December 31,
Lease Term and Discount Rate	2022			2021
Weighted-average remaining lease term (years)		7.92			8.16
Weighted-average discount rate		3.14	%		3.09	%

Other information related to the Company’s operating leases are as follows:

	Six Months Ended
Other Information	June 30,
(in thousands)	2022		2021
Operating cash flows used for operating leases	$	14,227	$	15,239
Right of use assets obtained in exchange for new operating lease liabilities	$	2,905	$	5,074

Shareholders' Equity (Deficit)

6 Months Ended

Jun. 30, 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 June 30, 2022, there was $539.5 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:

Six Months Ended	Average Price Paid Per Share		Total Number of Shares Repurchased		Dollar Value of Shares Repurchased
			(in thousands)
June 30, 2022	$	480.68		2,184	$	1,049,651
June 30, 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
2022
Three Months Ended March 31,	$	1.04	$	87,280	$	87,846	$	(566	)
Three Months Ended June 30,	1.04			84,593		84,189		404
Total	$	2.08	$	171,873	$	172,035	$	(162	)
2021
Three Months Ended March 31,	$	0.78	$	65,947	$	66,153	$	(206	)
Three Months Ended June 30,	0.78			64,863		64,489		374
Total	$	1.56	$	130,810	$	130,642	$	168

Common Stock.

The following table presents activity related to shares of common stock issued and repurchased during the six months ended June 30, 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
Dividend payable/paid		23		—			23
Common stock issued		20,178		—			20,178
Shares withheld for tax withholding		—		(9,749	)		(9,749	)
Shares repurchased under stock repurchase programs		—		(685,522	)		(685,522	)
Shares issued to directors		4,122		(924	)		3,198
Balance at June 30, 2022		133,604,132		(53,107,874	)		80,496,258

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Income Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

11. INCOME TAXES

The Company’s provision for income taxes was $70.0 million and $49.5 million for the six months ended June 30, 2022 and 2021, respectively. These amounts reflect effective tax rates of 13.7% and 12.0% for the six months ended June 30, 2022 and 2021, respectively.

The effective tax rate of 13.7% for the six months ended June 30, 2022 reflects the Company’s estimate of the effective tax rate for the period and was impacted by certain favorable discrete items totaling $27.2 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 12.0% for the six months ended June 30, 2021 reflects the Company’s estimate of the effective tax rate for the period and was impacted by certain favorable discrete items totaling $34.2 million, primarily related to $21.4 million of excess tax benefits recognized on share-based compensation vested during the period and $5.6 million related to the tax impact of loss on debt extinguishment recognized during the period on the redemption of the Company’s 4.750% senior unsecured notes due 2026 (the “2026 Senior Notes”). Also included in the discrete items is a $2.3 million benefit related to the revaluation of deferred taxes as a result of the enactment of an increase in the UK corporate tax rate, a $2.1 million benefit related to the filing of prior year refund claims and $2.8 million of tax benefits related to other 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 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 $29.4 million in the next twelve months as a result of the resolution of tax examinations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

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+ Details

Segment Information

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information

12. SEGMENT INFORMATION

The Company has five operating segments: Index, Analytics, ESG and Climate, Real Assets 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. During the three months ended June 30, 2022, the Company renamed the Real Estate operating segment to Real 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 Assets 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 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 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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(in thousands)
Operating revenues
Index	$	320,949	$	305,963	$	651,708	$	598,454
Analytics		141,684		135,902		281,481		269,919
ESG and Climate		55,128		39,308		107,157		74,058
All Other - Private Assets		34,045		17,007		71,405		34,172
Total	$	551,806	$	498,180	$	1,111,751	$	976,603

The following table presents segment profitability and a reconciliation to net income for the periods indicated:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(in thousands)
Index Adjusted EBITDA	$	245,170	$	233,468	$	491,045	$	453,347
Analytics Adjusted EBITDA		62,961		49,814		113,850		95,545
ESG and Climate Adjusted EBITDA		14,332		5,720		26,424		10,765
All Other - Private Assets Adjusted EBITDA		8,681		5,947		18,369		11,878
Total operating segment profitability		331,144		294,949		649,688		571,535
Amortization of intangible assets		22,179		30,396		43,899		45,464
Depreciation and amortization of property, equipment and leasehold improvements		6,765		7,020		13,299		14,163
Acquisition-related integration and transaction costs ⁽¹⁾		1,819		—		3,131		—
Operating income		300,381		257,533		589,359		511,908
Other expense (income), net		40,349		61,838		80,384		100,185
Provision for income taxes		49,445		30,272		69,965		49,481
Net income	$	210,587	$	165,423	$	439,010	$	362,242

⁽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				Six Months Ended
	June 30,				June 30,
		2022		2021	2022		2021
	(in thousands)
Operating revenues
Americas:
United States	$	229,732	$	200,781	$	463,088	$	397,470
Other		23,642		21,026		46,109		41,199
Total Americas		253,374		221,807		509,197		438,669

Europe, the Middle East and Africa ("EMEA"):
United Kingdom		89,187		84,802		176,173		163,883
Other		122,515		113,258		254,088		219,452
Total EMEA		211,702		198,060		430,261		383,335

Asia & Australia:
Japan		22,843		22,993		46,033		44,635
Other		63,887		55,320		126,260		109,964
Total Asia & Australia		86,730		78,313		172,293		154,599

Total	$	551,806	$	498,180	$	1,111,751	$	976,603

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
	June 30,		December 31,
	2022		2021
	(in thousands)
Long-lived assets
Americas:
United States	$	176,146	$	167,870
Other		12,656		13,480
Total Americas		188,802		181,350

EMEA:
United Kingdom		19,230		19,563
Other		25,831		34,240
Total EMEA		45,061		53,803

Asia & Australia:
Japan		791		1,150
Other		26,269		31,873
Total Asia & Australia		27,060		33,023

Total	$	260,923	$	268,176

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Subsequent Events

6 Months Ended

Jun. 30, 2022

Subsequent Events [Abstract]

Subsequent Events

13. SUBSEQUENT EVENTS

On July 25, 2022, the Board of Directors declared a quarterly cash dividend of $1.25 per share for the three months ending September 30, 2022 (“third quarter 2022”). The third quarter 2022 dividend is payable on August 31, 2022 to shareholders of record as of the close of trading on August 12, 2022.

Introduction and Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Basis of Presentation and Use of Estimates

Concentrations

Allowance for Doubtful Accounts

Changes in the allowance for doubtful accounts from December 31, 2020 to June 30, 2022 were as follows:

	Amount
	(in thousands)
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		598
Adjustments and write-offs, net of recoveries		(470	)
Balance as of June 30, 2022	$	2,465

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 Presentation (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2022 were as follows:

	Amount
	(in thousands)
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		598
Adjustments and write-offs, net of recoveries		(470	)
Balance as of June 30, 2022	$	2,465

Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2022
	Segments
(in thousands)	Index		Analytics		ESG and Climate		All Other - Private Assets		Total
Operating Revenue Types
Recurring subscriptions	$	179,711	$	139,497	$	54,037	$	33,804	$	407,049
Asset-based fees		132,216		—		—		—		132,216
Non-recurring		9,022		2,187		1,091		241		12,541
Total	$	320,949	$	141,684	$	55,128	$	34,045	$	551,806

	For the Six Months ended June 30, 2022
	Segments
(in thousands)	Index		Analytics		ESG and Climate		All Other - Private Assets		Total
Operating Revenue Types
Recurring subscriptions	$	354,209	$	277,296	$	104,609	$	70,695	$	806,809
Asset-based fees		277,269		—		—		—		277,269
Non-recurring		20,230		4,185		2,548		710		27,673
Total	$	651,708	$	281,481	$	107,157	$	71,405	$	1,111,751

	For the Three Months ended June 30, 2021
	Segments
(in thousands)	Index		Analytics		ESG and Climate		All Other - Private Assets		Total
Operating Revenue Types
Recurring subscriptions	$	160,061	$	133,368	$	38,567	$	16,134	$	348,130
Asset-based fees		136,142		—		—		—		136,142
Non-recurring		9,760		2,534		741		873		13,908
Total	$	305,963	$	135,902	$	39,308	$	17,007	$	498,180

	For the Six Months ended June 30, 2021
	Segments
(in thousands)	Index		Analytics		ESG and Climate		All Other - Private Assets		Total
Operating Revenue Types
Recurring subscriptions	$	315,178	$	265,040	$	72,707	$	32,937	$	685,862
Asset-based fees		262,848		—		—		—		262,848
Non-recurring		20,428		4,879		1,351		1,235		27,893
Total	$	598,454	$	269,919	$	74,058	$	34,172	$	976,603

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 (June 30, 2022)		586,815			808,020
Increase/(decrease)	$	(77,696	)	$	(16,892	)

	Accounts receivable			Deferred revenue
	(in thousands)
Opening (December 31, 2020)	$	558,569		$	675,870
Closing (June 30, 2021)		488,570			662,168
Increase/(decrease)	$	(69,999	)	$	(13,702	)

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
	June 30,
	2022
	(in thousands)
First 12-month period	$	538,308
Second 12-month period		311,282
Third 12-month period		115,464
Periods thereafter		63,060
Total	$	1,028,114

Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
(in thousands, except per share data)
Net income	$	210,587	$	165,423	$	439,010	$	362,242

Basic weighted average common shares outstanding		80,923		82,454		81,255		82,546
Effect of dilutive securities:
PSUs, RSUs and PSOs		372		841		534		847
Diluted weighted average common shares outstanding		81,295		83,295		81,789		83,393

Earnings per basic common share	$	2.60	$	2.01	$	5.40	$	4.39

Earnings per diluted common share	$	2.59	$	1.99	$	5.37	$	4.34

Acquisitions (Tables)

6 Months Ended

Jun. 30, 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		$	9,700
Other current assets			3,721
Property, equipment and leasehold improvements, net			1,204
Right of use assets			6,441
Other non-current assets			3,408
Deferred revenue			(35,194	)
Other current liabilities			(15,312	)
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			671,346
Purchase price, net of cash acquired		$	948,959

Property, Equipment and Leasehold Improvements, Net (Tables)

6 Months Ended

Jun. 30, 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
	June 30,			December 31,
	2022			2021
	(in thousands)
Computer & related equipment	$	180,390		$	179,557
Furniture & fixtures		14,679			14,194
Leasehold improvements		56,597			56,308
Work-in-process		2,154			2,699
Subtotal		253,820			252,758
Accumulated depreciation and amortization		(194,430	)		(186,043	)
Property, equipment and leasehold improvements, net	$	59,390		$	66,715

Goodwill and Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 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⁾		—			—		—		472		⁽¹⁾		472
Foreign exchange translation adjustment		(3,529	)		—		—		(2,175	)			(5,704	)
Goodwill at June 30, 2022	$	1,201,914		$	290,976	$	48,047	$	690,217			$	2,231,154

⁽¹⁾	^{Reflects the impact of measurement period adjustments associated with the acquisition of RCA.}

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				Six Months Ended
	June 30,				June 30,
(in thousands)	2022		2021		2022		2021
Amortization expense of acquired intangible assets	$	15,854	$	8,376	$	31,752	$	16,744
Amortization expense of internally developed capitalized software		6,325		6,007		12,147		12,707
Write-off of internally developed capitalized software		—		16,013		—		16,013
Total amortization of intangible assets expense	$	22,179	$	30,396	$	43,899	$	45,464

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
	June 30,			December 31,
	2022			2021
	(in thousands)
Gross intangible assets:
Customer relationships	$	532,500		$	532,400
Proprietary data		220,778			220,639
Acquired technology and software		209,220			209,220
Trademarks		208,190			208,190
Internally developed capitalized software		135,824			106,181
Subtotal		1,306,512			1,276,630
Foreign exchange translation adjustment		(12,216	)		(5,782	)
Total gross intangible assets	$	1,294,296		$	1,270,848
Accumulated amortization:
Customer relationships	$	(293,163	)	$	(277,865	)
Proprietary data		(32,284	)		(22,678	)
Acquired technology and software		(177,776	)		(175,718	)
Trademarks		(157,256	)		(152,468	)
Internally developed capitalized software		(61,566	)		(49,394	)
Subtotal		(722,045	)		(678,123	)
Foreign exchange translation adjustment		4,111			616
Total accumulated amortization	$	(717,934	)	$	(677,507	)
Net intangible assets:
Customer relationships	$	239,337		$	254,535
Proprietary data		188,494			197,961
Acquired technology and software		31,444			33,502
Trademarks		50,934			55,722
Internally developed capitalized software		74,258			56,787
Subtotal		584,467			598,507
Foreign exchange translation adjustment		(8,105	)		(5,166	)
Total net intangible assets	$	576,362		$	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	$	47,345
2023		90,144
2024		83,022
2025		57,191
2026		37,065
Thereafter		261,595
Total	$	576,362

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2022

Commitments And Contingencies Disclosure [Abstract]

Schedule of Senior Unsecured Notes

		Principal Amount Outstanding at		Carrying Value at		Carrying Value at		Fair Value at		Fair Value at
	Maturity Date	June 30, 2022		June 30, 2022		December 31, 2021		June 30, 2022		December 31, 2021
	(in thousands)
Debt
4.000% senior unsecured notes due 2029	November 15, 2029		1,000,000		992,000		991,455		889,250		1,047,950
3.625% senior unsecured notes due 2030	September 1, 2030		900,000		894,594		894,263		753,390		924,777
3.875% senior unsecured notes due 2031	February 15, 2031		1,000,000		990,520		989,973		855,950		1,046,620
3.625% senior unsecured notes due 2031	November 1, 2031		600,000		593,867		593,538		498,282		625,536
3.250% senior unsecured notes due 2033	August 15, 2033		700,000		692,528		692,193		559,160		710,906
Variable rate Tranche A Term Loans due 2027	February 16, 2027		350,000		348,361		—		346,500		—
Total debt		$	4,550,000	$	4,511,870	$	4,161,422	$	3,902,532	$	4,355,789

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 payment date
Senior Notes and Tranche A Term Loans
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 Tranche A Term Loans due 2027¹	Quarterly	October 15

⁽¹⁾The first payment will occur on October 15, 2022.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Summary of Maturities of Operating Lease Liability

Maturities of the Company’s operating lease liabilities as of June 30, 2022 are as follows:

Maturity of Lease Liabilities	Operating
(in thousands)	Leases
Remainder of 2022	$	13,895
2023		29,357
2024		22,322
2025		21,153
2026		19,460
Thereafter		73,176
Total lease payments	$	179,363
Less: Interest		(22,152	)
Present value of lease liabilities	$	157,211

Other accrued liabilities	$	24,717
Long-term operating lease liabilities	$	132,494

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
	June 30,			December 31,
Lease Term and Discount Rate	2022			2021
Weighted-average remaining lease term (years)		7.92			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:

	Six Months Ended
Other Information	June 30,
(in thousands)	2022		2021
Operating cash flows used for operating leases	$	14,227	$	15,239
Right of use assets obtained in exchange for new operating lease liabilities	$	2,905	$	5,074

Shareholders' Equity (Deficit) (Tables)

6 Months Ended

Jun. 30, 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:

Six Months Ended	Average Price Paid Per Share		Total Number of Shares Repurchased		Dollar Value of Shares Repurchased
			(in thousands)
June 30, 2022	$	480.68		2,184	$	1,049,651
June 30, 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
2022
Three Months Ended March 31,	$	1.04	$	87,280	$	87,846	$	(566	)
Three Months Ended June 30,	1.04			84,593		84,189		404
Total	$	2.08	$	171,873	$	172,035	$	(162	)
2021
Three Months Ended March 31,	$	0.78	$	65,947	$	66,153	$	(206	)
Three Months Ended June 30,	0.78			64,863		64,489		374
Total	$	1.56	$	130,810	$	130,642	$	168

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 six months ended June 30, 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
Dividend payable/paid		23		—			23
Common stock issued		20,178		—			20,178
Shares withheld for tax withholding		—		(9,749	)		(9,749	)
Shares repurchased under stock repurchase programs		—		(685,522	)		(685,522	)
Shares issued to directors		4,122		(924	)		3,198
Balance at June 30, 2022		133,604,132		(53,107,874	)		80,496,258

Segment Information (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(in thousands)
Operating revenues
Index	$	320,949	$	305,963	$	651,708	$	598,454
Analytics		141,684		135,902		281,481		269,919
ESG and Climate		55,128		39,308		107,157		74,058
All Other - Private Assets		34,045		17,007		71,405		34,172
Total	$	551,806	$	498,180	$	1,111,751	$	976,603

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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(in thousands)
Index Adjusted EBITDA	$	245,170	$	233,468	$	491,045	$	453,347
Analytics Adjusted EBITDA		62,961		49,814		113,850		95,545
ESG and Climate Adjusted EBITDA		14,332		5,720		26,424		10,765
All Other - Private Assets Adjusted EBITDA		8,681		5,947		18,369		11,878
Total operating segment profitability		331,144		294,949		649,688		571,535
Amortization of intangible assets		22,179		30,396		43,899		45,464
Depreciation and amortization of property, equipment and leasehold improvements		6,765		7,020		13,299		14,163
Acquisition-related integration and transaction costs ⁽¹⁾		1,819		—		3,131		—
Operating income		300,381		257,533		589,359		511,908
Other expense (income), net		40,349		61,838		80,384		100,185
Provision for income taxes		49,445		30,272		69,965		49,481
Net income	$	210,587	$	165,423	$	439,010	$	362,242

⁽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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
		2022		2021	2022		2021
	(in thousands)
Operating revenues
Americas:
United States	$	229,732	$	200,781	$	463,088	$	397,470
Other		23,642		21,026		46,109		41,199
Total Americas		253,374		221,807		509,197		438,669

Europe, the Middle East and Africa ("EMEA"):
United Kingdom		89,187		84,802		176,173		163,883
Other		122,515		113,258		254,088		219,452
Total EMEA		211,702		198,060		430,261		383,335

Asia & Australia:
Japan		22,843		22,993		46,033		44,635
Other		63,887		55,320		126,260		109,964
Total Asia & Australia		86,730		78,313		172,293		154,599

Total	$	551,806	$	498,180	$	1,111,751	$	976,603

Long-Lived Assets by Geographic Area

	As of
	June 30,		December 31,
	2022		2021
	(in thousands)
Long-lived assets
Americas:
United States	$	176,146	$	167,870
Other		12,656		13,480
Total Americas		188,802		181,350

EMEA:
United Kingdom		19,230		19,563
Other		25,831		34,240
Total EMEA		45,061		53,803

Asia & Australia:
Japan		791		1,150
Other		26,269		31,873
Total Asia & Australia		27,060		33,023

Total	$	260,923	$	268,176

Introduction and Basis of Presentation - Additional Information (Detail) - Sales Revenue, Services, Net [Member] - Customer Concentration Risk [Member] - Customer	6 Months Ended
	Jun. 30, 2022	Jun. 30, 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	10.80%	12.40%
Index [Member] \| Blackrock Inc [Member]
Introduction And Basis Of Presentation [Line Items]
Percentage of operating revenues accounted for by major customer	18.00%	19.80%
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 Presentation - Changes in Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Balance at beginning of year	$ 2,337	$ 1,583
Addition (reduction) to credit loss expense	598	1,210
Adjustments and write-offs, net of recoveries	(470)	(456)
Balance at ending of year	$ 2,465	$ 2,337

Revenue Recognition - Disaggregation of Operating Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Operating revenues	$ 551,806	$ 498,180	$ 1,111,751	$ 976,603
Index [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	320,949	305,963	651,708	598,454
Analytics [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	141,684	135,902	281,481	269,919
ESG and Climate [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	55,128	39,308	107,157	74,058
All Other - Private Assets [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	34,045	17,007	71,405	34,172
Recurring Subscriptions [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	407,049	348,130	806,809	685,862
Recurring Subscriptions [Member] \| Index [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	179,711	160,061	354,209	315,178
Recurring Subscriptions [Member] \| Analytics [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	139,497	133,368	277,296	265,040
Recurring Subscriptions [Member] \| ESG and Climate [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	54,037	38,567	104,609	72,707
Recurring Subscriptions [Member] \| All Other - Private Assets [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	33,804	16,134	70,695	32,937
Asset-based Fees [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	132,216	136,142	277,269	262,848
Asset-based Fees [Member] \| Index [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	132,216	136,142	277,269	262,848
Non-recurring [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	12,541	13,908	27,673	27,893
Non-recurring [Member] \| Index [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	9,022	9,760	20,230	20,428
Non-recurring [Member] \| Analytics [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	2,187	2,534	4,185	4,879
Non-recurring [Member] \| ESG and Climate [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	1,091	741	2,548	1,351
Non-recurring [Member] \| All Other - Private Assets [Member]
Disaggregation Of Revenue [Line Items]
Operating revenues	$ 241	$ 873	$ 710	$ 1,235

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Revenue Recognition - Schedule of Change in Accounts Receivable and Current Deferred Revenue (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Revenue From Contract With Customer [Abstract]
Accounts receivable, balance	$ 586,815	$ 488,570	$ 664,511	$ 558,569
Accounts receivable, Increase/(decrease)	(77,696)	(69,999)
Deferred revenue	808,020	662,168	$ 824,912	$ 675,870
Deferred revenue, Increase/(decrease)	$ (16,892)	$ (13,702)

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue Recognition [Line Items]
Revenue recognized during period included in deferred revenue	$ 232.9	$ 208.3	$ 572.6	$ 478.6
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	$ 26.5	$ 23.4	$ 26.5	$ 23.4

Revenue Recognition - Schedule of Remaining Performance Obligations (Detail) $ in Thousands	Jun. 30, 2022 USD ($)
Revenue Recognition [Line Items]
Remaining performance obligations	$ 1,028,114
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-07-01
Revenue Recognition [Line Items]
Remaining performance obligations	538,308
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-07-01
Revenue Recognition [Line Items]
Remaining performance obligations	311,282
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-07-01
Revenue Recognition [Line Items]
Remaining performance obligations	115,464
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-07-01
Revenue Recognition [Line Items]
Remaining performance obligations	$ 63,060

Revenue Recognition - Schedule of Remaining Performance Obligations (Detail 1) $ in Thousands	Jun. 30, 2022 USD ($)
Revenue From Contract With Customer [Abstract]
Remaining performance obligations	$ 1,028,114

Revenue Recognition - Schedule of Remaining Performance Obligations (Parenthetical) (Detail)	Jun. 30, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-07-01
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: 2023-07-01
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: 2024-07-01
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: 2025-07-01
Revenue Recognition [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

Earnings Per Common Share - Computation of Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 210,587	$ 228,423	$ 165,423	$ 196,819	$ 439,010	$ 362,242
Basic weighted average common shares outstanding	80,923		82,454		81,255	82,546
Effect of dilutive securities:
PSUs, RSUs and PSOs	372		841		534	847
Diluted weighted average common shares outstanding	81,295		83,295		81,789	83,393
Earnings per basic common share	$ 2.60		$ 2.01		$ 5.40	$ 4.39
Earnings per diluted common share	$ 2.59		$ 1.99		$ 5.37	$ 4.34

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Sep. 13, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Operating revenues		$ 551,806	$ 498,180	$ 1,111,751	$ 976,603
ASU 2021-08 [Member]
Business Acquisition [Line Items]
Change in accounting principle, accounting standards update, adopted		true		true
Change in accounting principle, accounting standards update, early adoption		true		true
RCA [Member]
Business Acquisition [Line Items]
Date of acquisition	Sep. 13, 2021
Aggregate cash purchase price	$ 949,000
Operating revenues		$ 19,300		$ 38,500

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-SubTopic 10
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-Paragraph 6
-Subparagraph (c)(2)
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-Paragraph 2
-Subparagraph (c)
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 5
-Subparagraph (c)
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=128293352&loc=SL120154346-209984

Acquisitions - Components of Preliminary Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Sep. 13, 2021	Jun. 30, 2022	Dec. 31, 2021
Intangible assets:
Goodwill		$ 2,231,154	$ 2,236,386
RCA [Member]
Business Acquisition [Line Items]
Accounts receivable	$ 9,700
Other current assets	3,721
Property, equipment and leasehold improvements, net	1,204
Right of use assets	6,441
Other non-current assets	3,408
Deferred revenue	(35,194)
Other current liabilities	(15,312)
Long-term operating lease liabilities	(4,849)
Deferred tax liabilities	(85,196)
Intangible assets:
Goodwill	671,346
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 Leasehold Improvements, Net - Schedule of Property, Equipment and Leasehold Improvements, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property Plant And Equipment [Abstract]
Computer & related equipment	$ 180,390	$ 179,557
Furniture & fixtures	14,679	14,194
Leasehold improvements	56,597	56,308
Work-in-process	2,154	2,699
Subtotal	253,820	252,758
Accumulated depreciation and amortization	(194,430)	(186,043)
Property, equipment and leasehold improvements, net	$ 59,390	$ 66,715

Property, Equipment and Leasehold Improvements, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property Plant And Equipment [Abstract]
Depreciation and amortization of property, equipment and leasehold improvements	$ 6,765	$ 7,020	$ 13,299	$ 14,163

Goodwill and Intangible Assets, Net - Schedule of Change to Company's Goodwill (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill [Line Items]
Goodwill, Beginning balance	$ 2,236,386
Acquisitions	472
Foreign exchange translation adjustment	(5,704)
Goodwill, Ending balance	2,231,154
Index [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	1,205,443
Foreign exchange translation adjustment	(3,529)
Goodwill, Ending balance	1,201,914
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	472
Foreign exchange translation adjustment	(2,175)
Goodwill, Ending balance	$ 690,217

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Goodwill and Intangible Assets, Net - Schedule of Amortization Expense Related to Intangible Assets by Category (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 22,179	$ 30,396	$ 43,899	$ 45,464
Acquired Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	15,854	8,376	31,752	16,744
Capitalized Software [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 6,325	6,007	$ 12,147	12,707
Write-off of Internally Developed Capitalized Software [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets		$ 16,013		$ 16,013

Goodwill and Intangible Assets, Net - Schedule of Gross Carrying and Accumulated Amortization Amounts Related to Company's Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Acquired Finite Lived Intangible Assets [Line Items]
Gross carrying value excluding foreign exchange translation adjustment	$ 1,306,512	$ 1,276,630
Foreign exchange translation adjustment	(12,216)	(5,782)
Gross intangible assets	1,294,296	1,270,848
Accumulated amortization excluding foreign exchange translation adjustment	(722,045)	(678,123)
Foreign exchange translation adjustment	4,111	616
Accumulated amortization	(717,934)	(677,507)
Net carrying value excluding foreign exchange translation adjustment	584,467	598,507
Foreign exchange translation adjustment	(8,105)	(5,166)
Net carrying value	576,362	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	(293,163)	(277,865)
Net carrying value excluding foreign exchange translation adjustment	239,337	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	(157,256)	(152,468)
Net carrying value excluding foreign exchange translation adjustment	50,934	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	(177,776)	(175,718)
Net carrying value excluding foreign exchange translation adjustment	31,444	33,502
Proprietary Data [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Gross carrying value excluding foreign exchange translation adjustment	220,778	220,639
Accumulated amortization excluding foreign exchange translation adjustment	(32,284)	(22,678)
Net carrying value excluding foreign exchange translation adjustment	188,494	197,961
Capitalized Software [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Gross carrying value excluding foreign exchange translation adjustment	135,824	106,181
Accumulated amortization excluding foreign exchange translation adjustment	(61,566)	(49,394)
Net carrying value excluding foreign exchange translation adjustment	$ 74,258	$ 56,787

Goodwill and Intangible Assets, Net - Estimated Amortization Expense for Remainder of 2022 and Succeeding Years (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 47,345
2023	90,144
2024	83,022
2025	57,191
2026	37,065
Thereafter	261,595
Net carrying value	$ 576,362	$ 593,341

Commitments and Contingencies - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 09, 2022
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument principal amount	$ 4,550,000,000
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	1,900,000
Long-term Debt [Member]
Schedule Of Commitments And Contingencies [Line Items]
Deferred financing fees and premium remain unamortized	$ 38,100,000
Revolving Loan Commitments [Member]
Schedule Of Commitments And Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity		$ 500,000,000.0
Base Rate Loans [Member]
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Base Rate Loans [Member] \| Minimum [Member]
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument consolidated leverage ratio	1.50%
Base Rate Loans [Member] \| Maximum [Member]
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument consolidated leverage ratio	2.00%
SOFR Loans [Member]
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument, basis spread on variable rate	2.00%
SOFR Loans [Member] \| Minimum [Member]
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument consolidated leverage ratio	0.50%
SOFR Loans [Member] \| Maximum [Member]
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument consolidated leverage ratio	1.00%
Variable rate Tranche A Term Loans due 2027 [Member]
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument principal amount	$ 350,000,000
Debt instrument maturity	Feb. 16, 2027
Interest rate on TLA Facility	3.28%
Senior Unsecured Notes [Member]
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument principal amount	$ 4,200,000,000.0
TLA Facility [Member]
Schedule Of Commitments And Contingencies [Line Items]
Debt instrument principal amount	350,000,000.0
Senior Notes and Revolving Credit Facility [Member]
Schedule Of Commitments And Contingencies [Line Items]
Deferred financing fees and premium remain unamortized	$ 40,500,000

Commitments and Contingencies - Schedule of Senior Unsecured Notes (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Principal Amount Outstanding	$ 4,550,000,000
Carrying Value	4,511,870,000	$ 4,161,422,000
Fair Value	$ 3,902,532,000	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	992,000,000	991,455,000
Fair Value	$ 889,250,000	1,047,950,000
3.625% Senior Unsecured Notes Due 2030 [Member]
Debt Instrument [Line Items]
Maturity Date	Sep. 01, 2030
Principal Amount Outstanding	$ 900,000,000
Carrying Value	894,594,000	894,263,000
Fair Value	$ 753,390,000	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	990,520,000	989,973,000
Fair Value	$ 855,950,000	1,046,620,000
3.625% Senior Unsecured Notes Due 2031 [Member]
Debt Instrument [Line Items]
Maturity Date	Nov. 01, 2031
Principal Amount Outstanding	$ 600,000,000
Carrying Value	593,867,000	593,538,000
Fair Value	$ 498,282,000	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	692,528,000	692,193,000
Fair Value	$ 559,160,000	$ 710,906,000
Variable rate Tranche A Term Loans due 2027 [Member]
Debt Instrument [Line Items]
Maturity Date	Feb. 16, 2027
Principal Amount Outstanding	$ 350,000,000
Carrying Value	348,361,000
Fair Value	$ 346,500,000

Commitments and Contingencies - Schedule of Senior Unsecured Notes (Parenthetical) (Detail)	Jun. 30, 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 - Schedule of Interest Payments Due Attributable to Outstanding indebtedness (Detail)	6 Months Ended
	Jun. 30, 2022
4.000% Senior Unsecured Notes Due 2029 [Member]
Debt Instrument [Line Items]
Interest payment frequency	Semi-Annual
First interest payment date	--05-15
3.625% Senior Unsecured Notes Due 2030 [Member]
Debt Instrument [Line Items]
Interest payment frequency	Semi-Annual
First interest payment date	--03-01
3.875% Senior Unsecured Notes Due 2031 [Member]
Debt Instrument [Line Items]
Interest payment frequency	Semi-Annual
First interest payment date	--06-01
3.625% Senior Unsecured Notes Due 2031 [Member]
Debt Instrument [Line Items]
Interest payment frequency	Semi-Annual
First interest payment date	--05-01
3.250% Senior Unsecured Notes Due 2033 [Member]
Debt Instrument [Line Items]
Interest payment frequency	Semi-Annual
First interest payment date	--02-15
Variable rate Tranche A Term Loans due 2027 [Member]
Debt Instrument [Line Items]
Interest payment frequency	Quarterly
First interest payment date	--10-15

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease, expense	$ 7.5	$ 7.5	$ 15.1	$ 15.1

Leases - Summary of Maturities of Operating Lease Liability (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Maturity of Lease Liabilities
Remainder of 2022	$ 13,895
2023	29,357
2024	22,322
2025	21,153
2026	19,460
Thereafter	73,176
Total lease payments	179,363
Less: Interest	(22,152)
Present value of lease liabilities	157,211
Other accrued liabilities	$ 24,717
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other accrued liabilities
Long-term operating lease liabilities	$ 132,494	$ 150,029

Leases - Summary of Weighted-Average Remaining Lease Term and Discount Rate Under Operating Leases (Detail)	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Weighted-average remaining lease term (years)	7 years 11 months 1 day	8 years 1 month 28 days
Weighted-average discount rate	3.14%	3.09%

Leases - Summary of Other Information Under Operating Lease (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating cash flows used for operating leases	$ 14,227	$ 15,239
Right of use assets obtained in exchange for new operating lease liabilities	$ 2,905	$ 5,074

Shareholders' Equity (Deficit) - Additional Information (Detail) - USD ($)	Jun. 30, 2022	Oct. 29, 2020
2020 Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase program authorizing the purchase of shares		$ 1,000,000,000.0
Stock repurchase program, remaining authorized repurchase amount	$ 539,500,000	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) - Schedule of Company's Common Stock Repurchases Made on Open Market (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Equity, Class of Treasury Stock [Line Items]
Dollar Value of Shares Repurchased	$ 276,994	$ 772,657	$ 134,340
Open Market Purchases of Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Average Price Paid Per Share				$ 480.68	$ 407.70
Total Number of Shares Repurchased				2,184	330
Dollar Value of Shares Repurchased				$ 1,049,651	$ 134,340

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				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Stockholders Equity [Abstract]
Dividend declared per common share	$ 1.04	$ 1.04	$ 0.78	$ 0.78	$ 2.08	$ 1.56
Cash dividends declared, Amount	$ 84,593	$ 87,280	$ 64,863	$ 65,947	$ 171,873	$ 130,810
Cash dividends distributed, Amount	84,189	87,846	64,489	66,153	172,035	130,642
Cash dividends (released)/deferred, Amount	$ 404	$ (566)	$ 374	$ (206)	$ (162)	$ 168

Shareholders' Equity (Deficit) - Summary of Activity Related to Shares of Common Stock Issued and Repurchased (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022
Common Stock Issued [Member]
Common Stock Outstanding [Line Items]
Beginning balance	133,579,809	133,162,178	133,162,178
Dividend payable/paid	23	82
Common stock issued	20,178	417,508
Shares issued to directors	4,122	41
Ending balance	133,604,132	133,579,809	133,604,132
Treasury Stock [Member]
Common Stock Outstanding [Line Items]
Beginning balance	(52,411,679)	(50,722,729)	(50,722,729)
Shares withheld for tax withholding	(9,749)	(190,766)
Shares repurchased under stock repurchase programs	(685,522)	(1,498,143)
Shares issued to directors	(924)	(41)
Ending balance	(53,107,874)	(52,411,679)	(53,107,874)
Common Stock Outstanding [Member]
Common Stock Outstanding [Line Items]
Beginning balance	81,168,130	82,439,449	82,439,449
Dividend payable/paid	23	82
Common stock issued	20,178	417,508
Shares withheld for tax withholding	(9,749)	(190,766)
Shares repurchased under stock repurchase programs	(685,522)	(1,498,143)
Shares issued to directors	3,198
Ending balance	80,496,258	81,168,130	80,496,258

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 49,445	$ 30,272	$ 69,965	$ 49,481
Effective tax rate			13.70%	12.00%
Amounts effect on effective tax rate	$ 27,200	$ 34,200	$ 27,200	$ 34,200
Amount of excess tax benefits recognized on share-based compensation vested			$ 28,300	21,400
Tax Impact of loss on debt extinguishment				5,600
Tax benefit related to revaluation of deferred tax assets				2,300
Tax benefit from filing of prior year refund claims				2,100
Tax benefit from other prior year earnings				$ 2,800
Tax years under examination			2008
Decrease in unrecognized tax benefit			$ 29,400

Segment Information - Additional Information (Detail)	6 Months Ended
Segment Information - Additional Information (Detail)	Jun. 30, 2022 Segment Reporting_unit
Segment Reporting [Abstract]
Number of operating segments \| Segment	5
Number of reportable segments \| Reporting_unit	4

Segment Information - Operating Revenues by Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	$ 551,806	$ 498,180	$ 1,111,751	$ 976,603
Index [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	320,949	305,963	651,708	598,454
Analytics [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	141,684	135,902	281,481	269,919
ESG and Climate [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	55,128	39,308	107,157	74,058
All Other - Private Assets [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	$ 34,045	$ 17,007	$ 71,405	$ 34,172

- Definition

+ References

+ Details

Segment Information - Segment Profitability and Reconciliation to Net Income (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 331,144		$ 294,949		$ 649,688	$ 571,535
Amortization of intangible assets	22,179		30,396		43,899	45,464
Depreciation and amortization of property, equipment and leasehold improvements	6,765		7,020		13,299	14,163
Acquisition-related integration and transaction costs (1)	1,819				3,131
Operating income	300,381		257,533		589,359	511,908
Other expense (income), net	40,349		61,838		80,384	100,185
Provision for income taxes	49,445		30,272		69,965	49,481
Net income	210,587	$ 228,423	165,423	$ 196,819	439,010	362,242
Index [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	245,170		233,468		491,045	453,347
Analytics [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	62,961		49,814		113,850	95,545
ESG and Climate [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	14,332		5,720		26,424	10,765
All Other - Private Assets [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 8,681		$ 5,947		$ 18,369	$ 11,878

Segment Information - Operating Revenues by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	$ 551,806	$ 498,180	$ 1,111,751	$ 976,603
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	229,732	200,781	463,088	397,470
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	23,642	21,026	46,109	41,199
Total Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	253,374	221,807	509,197	438,669
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	89,187	84,802	176,173	163,883
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	122,515	113,258	254,088	219,452
Europe, the Middle East and Africa ("EMEA") [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	211,702	198,060	430,261	383,335
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	22,843	22,993	46,033	44,635
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	63,887	55,320	126,260	109,964
Total Asia & Australia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenues	$ 86,730	$ 78,313	$ 172,293	$ 154,599

Segment Information - Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 260,923	$ 268,176
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	176,146	167,870
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	12,656	13,480
Total Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	188,802	181,350
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	19,230	19,563
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	25,831	34,240
Total EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	45,061	53,803
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	791	1,150
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	26,269	31,873
Total Asia & Australia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 27,060	$ 33,023

Subsequent Events - Additional Information (Detail) - $ / shares		3 Months Ended				6 Months Ended
	Jul. 25, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Subsequent Event [Line Items]
Quarterly dividend declared		$ 1.04	$ 1.04	$ 0.78	$ 0.78	$ 2.08	$ 1.56
Subsequent Event [Member]
Subsequent Event [Line Items]
Quarterly dividend declared	$ 1.25
Quarterly dividend declared date	Jul. 25, 2022
Quarterly dividend payable date	Aug. 31, 2022
Quarterly dividend record date	Aug. 12, 2022