XML 51 R33.htm IDEA: XBRL DOCUMENT
v3.3.1.900

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Provision for Income Taxes from Continuing Operations | The provision for income taxes from continuing operations consisted of the following:
| Twelve Months Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In millions)
Current: |  |  |  |  |  |  |  |
Federal | $ | 159.0 |  |  | $ | 140.7 |  |  | $ | 130.9 |
State | 14.7 |  |  | 18.3 |  |  | 16.4 |
Foreign | 56.8 |  |  | 50.8 |  |  | 51.3 |
| 230.5 |  |  | 209.8 |  |  | 198.6 |
Deferred: |  |  |  |  |  |  |  |
Federal | (7.5 | ) |  | 0.8 |  |  | (3.7 | )
State | (9.3 | ) |  | (0.2 | ) |  | 2.8 |
Foreign | (11.9 | ) |  | (10.2 | ) |  | (8.8 | )
| (28.7 | ) |  | (9.6 | ) |  | (9.7 | )
Provision for income taxes | $ | 201.8 |  |  | $ | 200.2 |  |  | $ | 188.9 |
Domestic and Foreign Income from Continuing Operations before Income Taxes | Domestic and foreign income from continuing operations before income taxes was as follows:
| Twelve Months Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In millions)
U.S. | $ | 607.6 |  |  | $ | 521.5 |  |  | $ | 458.4 |
Foreign | 29.0 |  |  | 52.7 |  |  | 72.0 |
| $ | 636.6 |  |  | $ | 574.2 |  |  | $ | 530.4 |
Provision for Income Taxes Reconciles with U.S. Federal Statutory Rate | The provision for income taxes reconciles with the U.S. federal statutory rate, as follows:
| Twelve Months Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In millions)
Federal statutory rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Provision computed at federal statutory rate | $ | 222.8 |  |  | $ | 201.0 |  |  | $ | 185.6 |
State and local taxes, net of federal tax benefit | 5.2 |  |  | 13.1 |  |  | 12.1 |
Foreign | (21.8 | ) |  | (7.3 | ) |  | (4.1 | )
Valuation allowance | — |  |  | (2.2 | ) |  | (0.6 | )
Tax reserves | 0.9 |  |  | 0.6 |  |  | (1.2 | )
Other | (5.3 | ) |  | (5.0 | ) |  | (2.9 | )
Provision for income taxes | $ | 201.8 |  |  | $ | 200.2 |  |  | $ | 188.9 |
Effective income tax rate | 31.7 | % |  | 34.9 | % |  | 35.6 | %
Components of Deferred Income Tax Assets and Liabilities | Components of the deferred income tax assets and liabilities at December 31, 2015 and 2014, were as follows:
| December 31,
| 2015 |  | 2014
| (In millions)
Deferred income tax assets: |  |  |  |  |
Employee pension benefits | $ | 131.7 |  |  | $ | 142.6 |
Net operating and capital loss carryforwards | 236.1 |  |  | 136.1 |
Foreign tax credits | 50.7 |  |  | 94.7 |
Employee compensation programs | 70.9 |  |  | 67.1 |
Reserves and accrued expenses | 13.9 |  |  | 6.4 |
Deferred revenue | 3.4 |  |  | 3.3 |
Other | 7.6 |  |  | 8.7 |
Gross deferred income tax assets | 514.3 |  |  | 458.9 |
Valuation allowance | (222.9 | ) |  | (121.4 | )
Total deferred income tax assets, net | $ | 291.4 |  |  | $ | 337.5 |
Deferred income tax liabilities: |  |  |  |  |
Goodwill and intangible assets | (332.8 | ) |  | (334.5 | )
Pension expense | (99.3 | ) |  | (99.9 | )
Undistributed earnings of foreign subsidiaries | (32.6 | ) |  | (96.1 | )
Depreciation | (15.1 | ) |  | (13.4 | )
Other | (10.8 | ) |  | (15.4 | )
Total deferred income tax liability | (490.6 | ) |  | (559.3 | )
Net deferred income tax liability | $ | (199.2 | ) |  | $ | (221.8 | )
Deferred Income Tax Assets, Included in Other Current Assets, and Liabilities | Our deferred income tax assets and deferred income tax liabilities at December 31, 2015 and 2014, are included in the accompanying Consolidated Balance Sheets as follows:
| December 31,
| 2015 |  | 2014
| (In millions)
Long-term deferred income tax assets, included in other assets | $ | 6.3 |  |  | $ | 6.5 |
Long-term deferred income tax liabilities | (205.5 | ) |  | (228.3 | )
Net deferred income tax liability | $ | (199.2 | ) |  | $ | (221.8 | )
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| 2015 |  | 2014
| (In millions)
Beginning balance (January 1) | $ | 19.8 |  |  | $ | 19.1 |
Increases related to prior year tax positions | 5.5 |  |  | 3.0 |
Decreases related to prior year tax positions | (2.2 | ) |  | (0.4 | )
Increases related to current year tax positions | 4.0 |  |  | 4.4 |
Decreases related to settlements | (0.5 | ) |  | (0.6 | )
Expiration of the statute of limitations for the assessment of taxes | (4.5 | ) |  | (5.3 | )
Currency translation adjustment | (0.5 | ) |  | (0.4 | )
Ending balance (December 31) | $ | 21.6 |  |  | $ | 19.8 |

X
- Definition Classification of deferred tax assets and liabilities within the Consolidated Balance Sheets. + References No definition available. + Details
Name: | efx_ClassificationOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | efx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration