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ACQUISITIONS AND INVESTMENTS (Tables) | 3 Months Ended
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Mar. 31, 2016
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The preliminary valuation of acquired assets and assumed liabilities at the date of the acquisition, include the following:
|  | (In millions)
Cash |  | $ | 22.7 |
Accounts receivable and other current assets |  | 35.3 |
Other assets |  | 41.6 |
Identifiable intangible assets (1) |  | 654.6 |
Goodwill (2) |  | 1,403.4 |
Total assets acquired |  | $ | 2,157.6 |
Debt(3) |  | (189.5 | )
Other current liabilities |  | (37.5 | )
Other liabilities |  | (173.4 | )
Non-controlling interest |  | (6.7 | )
Net assets acquired |  | $ | 1,750.5 |
(1) Identifiable intangible assets are further disaggregated in the table below. (2) The goodwill is included in the International segment and is not deductible for tax purposes. (3) The Veda debt of $191 million was paid in full on March 10, 2016.
Schedule of Definite-Lived Intangible Assets Acquired as Part of Business Combination |
|  | Fair value |  | Weighted-average useful life
Definite-lived intangible assets: |  | (In millions) |  | (In years)
Customer relationships |  | $ | 163.5 |  |  | 15.0
Acquired software and technology |  | 104.1 |  |  | 4.3
Purchased data files |  | 373.4 |  |  | 15.0
Non-compete agreements |  | 3.8 |  |  | 1.0
Trade names and other intangible assets |  | 9.8 |  |  | 1.0
Total acquired intangibles |  | $ | 654.6 |  |  | 13.0
Schedule of Pro Forma Information | The following table presents unaudited consolidated pro forma information as if our acquisition of Veda had occurred at the beginning of the earliest period presented. The pro forma amounts may not be necessarily indicative of the operating revenues and results of operations had the acquisition actually taken place at the beginning of the earliest period presented. Furthermore, the pro forma information may not be indicative of future performance.
|  | Three months ended March 31,
|  | 2016 |  | 2015
|  | As Reported |  | Pro Forma |  | As Reported |  | Pro Forma
|  | (In millions, except per share data)
Operating revenues |  | $ | 728.3 |  |  | $ | 765.0 |  |  | $ | 651.8 |  |  | $ | 717.4 |
Operating income |  | 176.2 |  |  | 179.9 |  |  | 154.2 |  |  | 162.6 |
Net income attributable to Equifax |  | 102.1 |  |  | 101.5 |  |  | 88.3 |  |  | 89.4 |
Net income per share (basic) |  | 0.86 |  |  | 0.85 |  |  | 0.74 |  |  | 0.75 |
Net income per share (diluted) |  | 0.85 |  |  | 0.84 |  |  | 0.73 |  |  | 0.73 |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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