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Discontinued Operations | 6 Months Ended
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Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations Dun & Bradstreet On March 24, 2025, Dun & Bradstreet announced the D&B Sale. As a result of the pending transaction, it was determined that Dun & Bradstreet should be presented as a discontinued operation in our Condensed Consolidated Financial Statements as of and for the three and six months ended June 30, 2025. We continue to exert significant influence over D&B; therefore, we continue to account for this investment under the equity method of accounting. As a result of the reclassification of our investment in Dun & Bradstreet as held for sale and a discontinued operation, we marked our investment in D&B to the fair market value implied by the stock price as of March 31, 2025 and recorded an impairment of $68.1 million in the six months ended June 30, 2025, which is included in Net losses from discontinued operations, net of tax on our Condensed Consolidated Statement of Operations. A reconciliation of the operations of D&B to the Condensed Consolidated Statement of Operations is presented below:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In millions)
Other income (expense): |  |  |  |  |  |  |
Recognized (losses) gains | $ | (4.3) |  |  | $ | 0.8 |  |  | $ | (76.0) |  |  | $ | (12.7) |
Equity in losses of unconsolidated affiliates | (6.7) |  |  | (4.7) |  |  | $ | (11.3) |  |  | (11.0) |
Loss from discontinued operations before income taxes | (11.0) |  |  | (3.9) |  |  | (87.3) |  |  | (23.7) |
Income tax expense (benefit) | — |  |  | 2.2 |  |  | $ | — |  |  | (0.9) |
Net loss from discontinued operations, net of tax | $ | (11.0) |  |  | $ | (6.1) |  |  | $ | (87.3) |  |  | $ | (22.8) |
Assets of discontinued operations held for sale on our Condensed Consolidated Balance Sheets represents our investment in Dun & Bradstreet accounted for under the equity method of accounting and is summarized below:
|  |  | June 30, 2025 |  | December 31, 2024
|  |  | (In millions)
Dun & Bradstreet |  |  | $ | 528.0 |  |  | $ | 691.9 |
We expect the D&B Sale to close in the third quarter of 2025, subject to regulatory clearances and other customary closing conditions. Accordingly, we have classified our investment in D&B within current assets of discontinued operations held for sale in our Condensed Consolidated Balance Sheet as of June 30, 2025. Summarized statement of operations information for D&B for the relevant dates and time periods included in Net losses from discontinued operations, net of tax in our Statements of Operations is presented below:
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In millions)
Total revenues | $ | 585.2 |  |  | $ | 576.2 |  |  | $ | 1,165.0 |  |  | $ | 1,140.7 |
Operating income | 12.8 |  |  | 37.1 |  |  | 48.1 |  |  | 53.7 |
Loss before income taxes | (34.0) |  |  | (19.3) |  |  | (48.8) |  |  | (86.3) |
Net loss | (32.6) |  |  | (15.7) |  |  | (47.4) |  |  | (37.6) |
Net income attributable to noncontrolling interest | 1.1 |  |  | 0.7 |  |  | 2.1 |  |  | 2.0 |
Net loss attributable to Dun & Bradstreet | (33.7) |  |  | (16.4) |  |  | (49.5) |  |  | (39.6) |
For the six months ended June 30, 2025 and 2024 we received quarterly cash dividends from D&B in the amount of $3.5 million and $7.4 million, respectively, which are included in Distributions from investments in unconsolidated affiliates on the Condensed Consolidated Statements of Cash Flows.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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