S&P Global Inc.
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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FY2025 · Filed Feb 11, 2026
SPGI$471.09+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| (in millions) | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,745 | $1,666 |
| Restricted cash | — | — |
| Short-term investments | 56 | 20 |
| Accounts receivable, net of allowance for doubtful accounts: 2025- $50 ; 2024 - $44 | 3,441 | 2,867 |
| Prepaid and other current assets | 858 | 906 |
| Assets held for sale | 196 | — |
| Total current assets | 6,296 | 5,459 |
| Property and equipment: | ||
| Buildings and leasehold improvements | 444 | 433 |
| Equipment and furniture | 695 | 655 |
| Total property and equipment | 1,139 | 1,088 |
| Less: accumulated depreciation | (861) | (823) |
| Property and equipment, net | 278 | 265 |
| Right of use assets | 413 | 413 |
| Goodwill | 36,475 | 34,917 |
| Other intangible assets, net | 16,271 | 16,556 |
| Equity investments in unconsolidated subsidiaries | 603 | 1,774 |
| Asset for pension benefits | 254 | 246 |
| Other non-current assets | 610 | 591 |
| Total assets | $61,200 | $60,221 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $610 | $553 |
| Accrued compensation and contributions to retirement plans | 988 | 1,073 |
| Short-term debt | 718 | 4 |
| Income taxes currently payable | 180 | 199 |
| Unearned revenue | 4,088 | 3,694 |
| Other current liabilities | 1,010 | 869 |
| Liabilities held for sale | 43 | — |
| Total current liabilities | 7,637 | 6,392 |
| Long-term debt | 12,370 | 11,394 |
| Lease liabilities – non-current | 494 | 535 |
| Pension and other postretirement benefits | 178 | 180 |
| Deferred tax liability – non-current | 3,262 | 3,397 |
| Other non-current liabilities | 1,107 | 815 |
| Total liabilities | 25,048 | 22,713 |
| Redeemable noncontrolling interests | 4,917 | 4,252 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| Common stock, $1 par value: authorized - 600 million shares; issued: 415 million shares in 2025 and 2024 | 415 | 415 |
| Additional paid-in capital | 44,117 | 44,321 |
| Retained income | 23,666 | 20,977 |
| Accumulated other comprehensive loss | (697) | (883) |
| Less: common stock in treasury - at cost: 2025 - 109 million shares; 2024 - 100 million shares | (36,374) | (31,671) |
| Total equity – controlling interests | 31,127 | 33,159 |
| Total equity – noncontrolling interests | 108 | 97 |
| Total equity | 31,235 | 33,256 |
| Total liabilities and equity | $61,200 | $60,221 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.