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Basis of Financial Statements (Tables)
9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Change in Accounting Principle
The elimination of the three-month reporting lag for our equity investment in Dun & Bradstreet resulted in the adjustments as of and for the periods indicated below (in millions, except per share amounts).
 
Three Months Ended
 
March 31, 2019
 
As Reported
 
As Adjusted
 
Difference
 
(in millions, except per share amounts)
Condensed Consolidated Statements of Operations
 
 
 
 
 
Income tax benefit
$
(4.8
)
 
$
(7.2
)
 
$
(2.4
)
Equity in earnings (losses) of unconsolidated affiliates
2.9

 
(21.4
)
 
(24.3
)
Net earnings (loss)
2.0

 
(19.9
)
 
(21.9
)
Net earnings (loss) attributable to Cannae Holdings
$
5.1

 
$
(16.8
)
 
$
(21.9
)
Per Share Data:
 
 
 
 
 
Basic
 
 
 
 
 
Basic earnings (loss) per share attributable to Cannae Holdings common shareholders
$
0.07

 
$
(0.24
)
 
$
(0.31
)
Diluted
 
 
 
 
 
Diluted earnings (loss) per share attributable to Cannae Holdings common shareholders
$
0.07

 
$
(0.24
)
 
$
(0.31
)
Condensed Consolidated Statements of Comprehensive Earnings
 
 
 
 
 
Net earnings (loss)
$
2.0

 
$
(19.9
)
 
$
(21.9
)
Unrealized gain relating to investments in unconsolidated affiliates
6.2

 
5.9

 
(0.3
)
Comprehensive earnings (loss) attributable to Cannae Holdings, Inc.
$
11.7

 
$
(10.5
)
 
$
(22.2
)

 
As of
 
March 31, 2019
 
As Reported
 
As Adjusted
 
Difference
 
(in millions, except per share amounts)
Condensed Consolidated Balance Sheet
 
 
 
 
 
Investments in unconsolidated affiliates
$
930.8

 
$
904.5

 
$
(26.3
)
Deferred tax asset
15.8

 
18.6

 
2.8

Retained earnings
71.4

 
49.5

 
(21.9
)
Accumulated other comprehensive loss
(65.6
)
 
(65.9
)
 
(0.3
)

 
Three Months Ended
 
Six Months Ended
 
June 30, 2019
 
June 30, 2019
 
As Reported
 
As Adjusted
 
Difference
 
As Reported
 
As Adjusted
 
Difference
 
(in millions, except per share amounts)
Condensed Consolidated Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
Income tax expense (benefit)
$
8.5

 
$
5.9

 
$
(2.6
)
 
$
3.7

 
$
(1.3
)
 
$
(5.0
)
Equity in losses of unconsolidated affiliates
(22.4
)
 
(21.1
)
 
1.3

 
(19.5
)
 
(42.5
)
 
(23.0
)
Net earnings (loss)
15.0

 
18.9

 
3.9

 
17.0

 
(1.0
)
 
(18.0
)
Net earnings attributable to Cannae Holdings
$
19.5

 
$
23.4

 
$
3.9

 
$
24.6

 
$
6.6

 
$
(18.0
)
Per Share Data:
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share attributable to Cannae Holdings common shareholders
$
0.27

 
$
0.33

 
$
0.06

 
$
0.34

 
$
0.09

 
$
(0.25
)
Diluted
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share attributable to Cannae Holdings common shareholders
$
0.27

 
$
0.33

 
$
0.06

 
$
0.34

 
$
0.09

 
$
(0.25
)
Condensed Consolidated Statements of Comprehensive Earnings
 
 
 
 
 
 
 
 
 
 
 
Net earnings (loss)
$
15.0

 
$
18.9

 
$
3.9

 
$
17.0

 
$
(1.0
)
 
$
(18.0
)
Unrealized gain relating to investments in unconsolidated affiliates
5.3

 
2.2

 
(3.1
)
 
11.5

 
8.2

 
(3.3
)
Comprehensive earnings attributable to Cannae Holdings, Inc.
$
29.0

 
$
29.8

 
$
0.8

 
$
40.7

 
$
19.4

 
$
(21.3
)

 
As of
 
June 30, 2019
 
As Reported
 
As Adjusted
 
Difference
 
(in millions, except per share amounts)
Condensed Consolidated Balance Sheet
 
 
 
 
 
Investments in unconsolidated affiliates
$
913.3

 
$
887.3

 
$
(26.0
)
Deferred tax asset
9.4

 
15.3

 
5.9

Retained earnings
90.9

 
72.9

 
(18.0
)
Accumulated other comprehensive loss
(56.1
)
 
(59.4
)
 
(3.3
)