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ACQUISITIONS AND INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Estimated Fair Value of Net Assets Acquired and Liabilities Assumed at Acquisition Dates | The following table summarizes the estimated fair value of the net assets acquired and the liabilities assumed at the acquisition dates during 2017 and 2016.
| December 31,
| 2017 |  | 2016
| (In millions)
Cash | $ | 4.3 |  |  | $ | 23.7 |
Accounts receivable and other current assets | 3.2 |  |  | 39.6 |
Other assets | 0.4 |  |  | 42.0 |
Identifiable intangible assets (1) | 51.0 |  |  | 681.0 |
Goodwill (2) | 92.4 |  |  | 1,456.3 |
Total assets acquired | 151.3 |  |  | 2,242.6 |
Debt(3) | — |  |  | (189.5 | )
Other current liabilities | (5.1 | ) |  | (40.2 | )
Other liabilities | (10.9 | ) |  | (178.1 | )
Non-controlling interest | — |  |  | (11.7 | )
Net assets acquired | $ | 135.3 |  |  | $ | 1,823.1 |
(1) | Identifiable intangible assets are further disaggregated in the following table.
(2) | The goodwill related to ID Watchdog, Inc. and Mercury is included in the GCS and International operating segments, respectively, and is not deductible for tax purposes. The goodwill related to Veda is included in the International operating segment and is not deductible for tax purposes. The goodwill related to the Barnett and Computersoft acquisition is included in the Workforce Solutions operating segment and is deductible for tax purposes.
(3) | The Veda debt of $191 million was paid in full on March 10, 2016.
Acquired Intangible Assets Fair Value and Weighted-Average Useful Life | The primary reasons the purchase price of these acquisitions exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, were expanded growth opportunities from new or enhanced product offerings and geographies, cost savings from the elimination of duplicative activities, and the acquisition of an assembled workforce that are not recognized as assets apart from goodwill.
|  | December 31,
|  | 2017 |  | 2016
Intangible asset category |  | Fair value |  | Weighted-average useful life |  | Fair value |  | Weighted-average useful life
|  | (in millions) |  | (in years) |  | (in millions) |  | (in years)
Customer relationships |  | $ | 42.7 |  |  | 10.2 |  | $ | 171.3 |  |  | 14.9
Acquired software and technology |  | 6.5 |  |  | 6.5 |  | 106.3 |  |  | 4.2
Purchased data files |  | — |  |  | n/a |  | 387.5 |  |  | 14.8
Non-compete agreements |  | — |  |  | n/a |  | 5.4 |  |  | 2.1
Trade names and other intangible assets |  | 1.8 |  |  | 2.9 |  | 10.5 |  |  | 1.0
Total acquired intangibles |  | $ | 51.0 |  |  | 9.5 |  | $ | 681.0 |  |  | 12.9
Business Acquisition, 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.
| Twelve months ended December 31,
| 2016 |  | 2015
| As Reported |  | Pro Forma |  | As Reported |  | Pro Forma
| (In millions, except per share data)
Operating revenues | $ | 3,144.9 |  |  | $ | 3,180.9 |  |  | $ | 2,663.6 |  |  | $ | 2,929.0 |
Net income attributable to Equifax | $ | 488.8 |  |  | $ | 488.1 |  |  | $ | 429.1 |  |  | $ | 429.9 |
Net income per share (basic) | $ | 4.10 |  |  | $ | 4.09 |  |  | $ | 3.61 |  |  | $ | 3.62 |
Net income per share (diluted) | $ | 4.04 |  |  | $ | 4.03 |  |  | $ | 3.55 |  |  | $ | 3.56 |

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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=84161108&loc=d3e4845-128472 + Details
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