XML 63 R14.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill. Goodwill represents the cost in excess of the fair value of the net assets acquired in a business combination. As discussed in Note 1, goodwill is tested for impairment at the reporting unit level on an annual basis and on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We perform our annual goodwill impairment tests as of September 30 each year. The fair value estimates for our reporting units were determined using a combination of the income and market approaches in accordance with the Company’s methodology. Our annual impairment tests as of September 30, 2019, 2018 and 2017 resulted in no impairment of goodwill. During 2019, we completed the acquisition of PayNet whose goodwill was allocated to the USIS and International operating segments, and various other acquisitions for which the acquired goodwill was allocated to the Workforce Solutions operating segment. During 2018, we completed the acquisition of DataX Ltd. whose goodwill was allocated to the USIS operating segment and various other acquisitions for which the acquired goodwill was allocated to the Workforce Solutions and International operating segments. Changes in the amount of goodwill for the twelve months ended December 31, 2019 and 2018, are as follows:
| U.S. Information Solutions |  | Workforce Solutions |  | International |  | Global Consumer Solutions |  | Total
| (In millions) |  |  |  |  |  |  |  |
Balance, December 31, 2017 | $ | 1,071.3 |  |  | $ | 952.1 |  |  | $ | 1,969.4 |  |  | $ | 191.2 |  |  | $ | 4,184.0 |
Acquisitions | 57.7 |  |  | 17.1 |  |  | 14.5 |  |  | — |  |  | 89.3 |
Adjustments to initial purchase price allocation | (0.1) |  |  | 1.0 |  |  | 1.3 |  |  | (1.0) |  |  | 1.2 |
Foreign currency translation | — |  |  | — |  |  | (140.5) |  |  | (4.3) |  |  | (144.8) |
Balance, December 31, 2018 | 1,128.9 |  |  | 970.2 |  |  | 1,844.7 |  |  | 185.9 |  |  | 4,129.7 |
Acquisitions | 153.7 |  |  | 40.1 |  |  | 2.1 |  |  | — |  |  | 195.9 |
Adjustments to initial purchase price allocation | (1.9) |  |  | 0.1 |  |  | 3.1 |  |  | — |  |  | 1.3 |
Foreign currency translation | — |  |  | — |  |  | (20.7) |  |  | 2.1 |  |  | (18.6) |
Balance, December 31, 2019 | $ | 1,280.7 |  |  | $ | 1,010.4 |  |  | $ | 1,829.2 |  |  | $ | 188.0 |  |  | $ | 4,308.3 |
Indefinite-Lived Intangible Assets. Indefinite-lived intangible assets consist of indefinite-lived reacquired rights representing the value of rights which we had granted to various affiliate credit reporting agencies that were reacquired in the U.S. and Canada. At the time we acquired these agreements, they were considered perpetual in nature under the accounting guidance in place at that time and, therefore, the useful lives are considered indefinite. Indefinite-lived intangible assets are not amortized. We are required to test indefinite-lived intangible assets for impairment annually and whenever events or circumstances indicate that there may be an impairment of the asset value. We perform our annual indefinite-lived intangible asset impairment test as of September 30. Our 2019 annual impairment test completed during the third quarter of 2019 resulted in no impairment of indefinite-lived intangible assets.
| Amount
| (In millions)
Balance, December 31, 2017 | $ | 95.0 |
Foreign currency translation | (0.2) |
Balance, December 31, 2018 | $ | 94.8 |
Foreign currency translation | 0.1 |
Balance, December 31, 2019 | $ | 94.9 |
Purchased Intangible Assets. Purchased intangible assets, net, recorded on our Consolidated Balance Sheets at December 31, 2019 and 2018, are as follows:
| December 31, 2019 |  |  |  |  |  | December 31, 2018 |  |  |  |
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Definite-lived intangible assets: | (In millions) |  |  |  |  |  |  |  |  |  |
Purchased data files | $ | 904.0 |  |  | $ | (351.8) |  |  | $ | 552.2 |  |  | $ | 911.4 |  |  | $ | (298.7) |  |  | $ | 612.7 |
Acquired software and technology | 110.1 |  |  | (84.0) |  |  | 26.1 |  |  | 130.3 |  |  | (84.1) |  |  | 46.2 |
Customer relationships | 673.0 |  |  | (305.1) |  |  | 367.9 |  |  | 693.1 |  |  | (295.2) |  |  | 397.9 |
Reacquired rights | — |  |  | — |  |  | — |  |  | 73.3 |  |  | (73.3) |  |  | — |
Proprietary database | 108.3 |  |  | (20.9) |  |  | 87.4 |  |  | 46.3 |  |  | (12.5) |  |  | 33.8 |
Non-compete agreements | 7.8 |  |  | (3.5) |  |  | 4.3 |  |  | 3.8 |  |  | (2.2) |  |  | 1.6 |
Trade names and other intangible assets | 17.3 |  |  | (10.6) |  |  | 6.7 |  |  | 18.7 |  |  | (11.7) |  |  | 7.0 |
Total definite-lived intangible assets | $ | 1,820.5 |  |  | $ | (775.9) |  |  | $ | 1,044.6 |  |  | $ | 1,876.9 |  |  | $ | (777.7) |  |  | $ | 1,099.2 |
Amortization expense related to purchased intangible assets was $140.1 million, $152.8 million, and $172.2 million during the twelve months ended December 31, 2019, 2018, and 2017, respectively. Estimated future amortization expense related to definite-lived purchased intangible assets at December 31, 2019 is as follows:
Years ending December 31, |  | Amount
|  | (In millions)
2020 |  | $ | 137.7 |
2021 |  | 120.6 |
2022 |  | 99.3 |
2023 |  | 98.0 |
2024 |  | 89.8 |
Thereafter |  | 499.2 |
|  | $ | 1,044.6 |

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

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration