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QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL DATA (UNAUDITED) | QUARTERLY FINANCIAL DATA (UNAUDITED) The following selected quarterly operating results for each quarter of fiscal 2020 and 2019 have been revised to reflect the change in accounting principle as described in Note 1. Quarterly financial data for 2020 and 2019 was as follows:
|  | Three Months Ended
2020 |  | March 31, |  | June 30, |  | September 30, |  | December 31,
|  | (In millions, except per share data)
Operating revenue |  | $ | 957.9 |  |  | $ | 982.8 |  |  | $ | 1,068.3 |  |  | $ | 1,118.5 |
Operating income |  | $ | 135.9 |  |  | $ | 166.8 |  |  | $ | 204.4 |  |  | $ | 169.5 |
Consolidated net income |  | $ | 118.8 |  |  | $ | 100.4 |  |  | $ | 229.3 |  |  | $ | 77.7 |
Net income attributable to Equifax |  | $ | 116.9 |  |  | $ | 100.2 |  |  | $ | 228.5 |  |  | $ | 74.5 |
Basic earnings per share* |  |  |  |  |  |  |  |
Net income attributable to Equifax |  | $ | 0.96 |  |  | $ | 0.83 |  |  | $ | 1.88 |  |  | $ | 0.61 |
Diluted earnings per share* |  |  |  |  |  |  |  |
Net income attributable to Equifax |  | $ | 0.95 |  |  | $ | 0.82 |  |  | $ | 1.86 |  |  | $ | 0.61 |
|  | Three Months Ended
2019 |  | March 31, |  | June 30, |  | September 30, |  | December 31,
|  | (In millions, except per share data)
Operating revenue |  | $ | 846.1 |  |  | $ | 880.0 |  |  | $ | 875.7 |  |  | $ | 905.8 |
Operating (loss) income |  | $ | (617.9) |  |  | $ | 113.8 |  |  | $ | 121.6 |  |  | $ | 47.0 |
Consolidated net (loss) income |  | $ | (551.7) |  |  | $ | 71.0 |  |  | $ | 85.2 |  |  | $ | 17.4 |
Net (loss) income attributable to Equifax |  | $ | (553.2) |  |  | $ | 69.5 |  |  | $ | 83.8 |  |  | $ | 15.8 |
Basic earnings per share* |  |  |  |  |  |  |  |
Net (loss) income attributable to Equifax |  | $ | (4.58) |  |  | $ | 0.58 |  |  | $ | 0.69 |  |  | $ | 0.13 |
Diluted earnings per share* |  |  |  |  |  |  |  |
Net (loss) income attributable to Equifax |  | $ | (4.55) |  |  | $ | 0.57 |  |  | $ | 0.69 |  |  | $ | 0.13 |
*The sum of the quarterly EPS does not equal the annual EPS due to changes in the weighted-average shares between periods. Other amounts may not equal the annual total due to rounding between periods. The comparability of our quarterly financial results during 2020 and 2019 was impacted by certain events, as follows: •For the year ended December 31, 2019, the Company recorded $800.9 million of losses, net of insurance recoveries, associated with certain legal proceedings and government investigations related to the 2017 cybersecurity incident, exclusive of our legal professional services expenses. Below reflects the quarterly impact of the change in accounting principle on the quarterly financial data presented:
|  | Three Months Ended December 31, 2020
(In millions, except per share data) |  |
Consolidated net income, as computed under previous method |  | $ | 97.7 |
Impact of pension accounting change |  | (20.0) |
Consolidated net income, as reported under new method |  | $ | 77.7 |
Net income attributable to Equifax, as computed under previous method |  | $ | 94.5 |
Impact of pension accounting change |  | (20.0) |
Net income attributable to Equifax, as reported under new method |  | $ | 74.5 |
Basic earnings per share* |  |
Net income attributable to Equifax, as computed under previous method |  | $ | 0.77 |
Impact of pension accounting change |  | (0.16) |
Net income attributable to Equifax, as reported under new method |  | $ | 0.61 |
Diluted earnings per share* |  |
Net income attributable to Equifax, as computed under previous method |  | $ | 0.77 |
Impact of pension accounting change |  | (0.16) |
Net income attributable to Equifax, as reported under new method |  | $ | 0.61 |
|  | Three Months Ended
2020 |  | March 31, |  | June 30, |  | September 30,
|  | (In millions, except per share data)
Consolidated net income, previously reported |  | $ | 114.5 |  |  | $ | 96.1 |  |  | $ | 225.0 |
Impact of pension accounting change |  | 4.3 |  |  | 4.3 |  |  | 4.3 |
Consolidated net income, revised |  | $ | 118.8 |  |  | $ | 100.4 |  |  | $ | 229.3 |
Net income attributable to Equifax, previously reported |  | $ | 112.6 |  |  | $ | 95.9 |  |  | $ | 224.2 |
Impact of pension accounting change |  | 4.3 |  |  | 4.3 |  |  | 4.3 |
Net income attributable to Equifax, revised |  | $ | 116.9 |  |  | $ | 100.2 |  |  | $ | 228.5 |
Basic earnings per share* |  |  |  |  |  |
Net income attributable to Equifax, previously reported |  | $ | 0.93 |  |  | $ | 0.79 |  |  | $ | 1.84 |
Impact of pension accounting change |  | 0.03 |  |  | 0.04 |  |  | 0.04 |
Net income attributable to Equifax, revised |  | $ | 0.96 |  |  | $ | 0.83 |  |  | $ | 1.88 |
Diluted earnings per share* |  |  |  |  |  |
Net income attributable to Equifax, previously reported |  | $ | 0.92 |  |  | $ | 0.78 |  |  | $ | 1.82 |
Impact of pension accounting change |  | 0.03 |  |  | 0.04 |  |  | 0.04 |
Net income attributable to Equifax, revised |  | $ | 0.95 |  |  | $ | 0.82 |  |  | $ | 1.86 |
|  | Three Months Ended
2019 |  | March 31, |  | June 30, |  | September 30, |  | December 31,
|  | (In millions, except per share data)
Consolidated net (loss) income, previously reported |  | $ | (554.4) |  |  | $ | 68.3 |  |  | $ | 82.5 |  |  | $ | 10.8 |
Impact of pension accounting change |  | 2.7 |  |  | 2.7 |  |  | 2.7 |  |  | 6.6 |
Consolidated net (loss) income, revised |  | $ | (551.7) |  |  | $ | 71.0 |  |  | $ | 85.2 |  |  | $ | 17.4 |
Net (loss) income attributable to Equifax, previously reported |  | $ | (555.9) |  |  | $ | 66.8 |  |  | $ | 81.1 |  |  | $ | 9.2 |
Impact of pension accounting change |  | 2.7 |  |  | 2.7 |  |  | 2.7 |  |  | 6.6 |
Net (loss) income attributable to Equifax, revised |  | $ | (553.2) |  |  | $ | 69.5 |  |  | $ | 83.8 |  |  | $ | 15.8 |
Basic earnings per share* |  |  |  |  |  |  |  |
Net (loss) income attributable to Equifax, previously reported |  | $ | (4.60) |  |  | $ | 0.55 |  |  | $ | 0.67 |  |  | $ | 0.08 |
Impact of pension accounting change |  | 0.02 |  |  | 0.03 |  |  | 0.02 |  |  | 0.05 |
Net (loss) income attributable to Equifax, revised |  | $ | (4.58) |  |  | $ | 0.58 |  |  | $ | 0.69 |  |  | $ | 0.13 |
Diluted earnings per share* |  |  |  |  |  |  |  |
Net (loss) income attributable to Equifax, previously reported |  | $ | (4.57) |  |  | $ | 0.55 |  |  | $ | 0.66 |  |  | $ | 0.07 |
Impact of pension accounting change |  | 0.02 |  |  | 0.02 |  |  | 0.03 |  |  | 0.06 |
Net (loss) income attributable to Equifax, revised |  | $ | (4.55) |  |  | $ | 0.57 |  |  | $ | 0.69 |  |  | $ | 0.13 |
*The sum of the quarterly EPS does not equal the annual EPS due to changes in the weighted-average shares between periods. Other amounts may not equal the annual total due to rounding between periods.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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