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Business Combination
 6 Months Ended
Jun. 30, 2014
Business Combination [Abstract]  
Business Combination Disclosure [Text Block]
Business Combinations

TLO

On December 16, 2013, we acquired a 100% ownership interest in certain net assets of TLO, LLC ("TLO") for $153.4 million in cash. TLO provides data solutions for identity authentication, fraud prevention, and debt recovery. The Company established a newly incorporated entity, TransUnion Risk and Alternative Data Solutions, Inc. ("Alternative Data") to purchase the net assets of TLO. The results of operations of this business have been included as part of the USIS segment in the accompanying consolidated statements of income since the date of acquisition.

Purchase Price Allocation
The fair value of the assets acquired and liabilities assumed as of June 30, 2014, consisted of the following:
(in millions)
 
Fair Value
Other current assets
 
$
0.3

Property and equipment
 
6.8

Identifiable intangible assets
 
83.1

Goodwill(1)
 
69.2

Total assets acquired
 
$
159.4

Total liabilities assumed
 
(6.0
)
Net assets of acquired company
 
$
153.4

(1) 
All of the goodwill is deductible for tax purposes.

The excess of the purchase price over the fair value of the net assets acquired was recorded as goodwill. The purchase price of TLO exceeded the fair value of the net assets acquired due primarily to growth opportunities, synergies associated with its internal use software and our existing customer base and brand name, and other technological and operational synergies. Goodwill has been allocated to the USIS segment.
Identifiable Intangible Assets
The fair values of the intangible assets acquired consisted of the following:
(in millions)
 
Fair Value
 
Estimated Useful Life
Technology and software
 
$
45.8

 
7 years
Trade names and trademarks
 
13.2

 
20 years
Customer relationships
 
24.1

 
15 years
Total identifiable intangible assets
 
$
83.1

 
 

The weighted-average useful life of identifiable intangible assets is approximately 11.4 years.

Acquisition Costs
During 2013, the Company incurred $3.7 million of acquisition-related costs for TLO, including banking fees, legal fees, due diligence and other external costs, which were expensed and recorded in other income and expense in the fourth quarter of 2013. Additional TLO acquisition-related costs of $0.2 million were incurred and expensed during the six months ended June 30, 2014.

CIBIL

During the first quarter of 2014, we increased our equity interest in Credit Information Bureau (India) Limited (“CIBIL”), an unconsolidated equity method investment, from 27.5% to 47.5% . On May 21, 2014, we acquired an additional 7.5% ownership interest, which raised our total ownership interest in CIBIL to 55.0%. The additional purchase resulted in us acquiring control and we began consolidating CIBIL on the acquisition date. CIBIL is not material to our results of operations or financial position. See note 6, "Investments in Affiliated Companies," for additional information.

In 2003, we partnered with Indian financial institutions to create CIBIL, the first consumer and commercial credit bureau in India. As CIBIL's sole technology, analytics and decision service provider for its consumer business, TransUnion created an innovative matching algorithm that allows CIBIL to provide consumer credit reporting services for the Indian population.