Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income tax expense on continuing operations consists of the following:

	Year Ended December 31,
	2017			2016		2015
	(In millions)
Current	$	476		$	333	$	275
Deferred	(241		)	14		(1		)
	$	235		$	347	$	274

Schedule of Components of Income Tax Expense (Benefit)

Total income tax expense (benefit) was allocated as follows (in millions):

	Year Ended December 31,
	2017		2016		2015
Net earnings from continuing operations	$	235	$	347	$	274
Tax expense attributable to net earnings from discontinued operations	144		25		16
Other comprehensive earnings (loss):
Unrealized gain (loss) on investments and other financial instruments	25		29		(40		)
Unrealized gain (loss) on foreign currency translation and cash flow hedging	4		1		(7		)
Minimum pension liability adjustment	3		3		3
Total income tax expense (benefit) allocated to other comprehensive earnings	32		33		(44		)
Additional paid-in capital, stock-based compensation	—		—		(21		)
Total income taxes	$	411	$	405	$	225

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory rate to our effective tax rate is as follows:

	Year Ended December 31,
	2017		2016		2015
Federal statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	1.8		2.8		3.0
Deductible dividends paid to FNF 401(k) plan	(0.2	)	(0.1	)	(0.2	)
Tax exempt interest income	(0.4	)	(0.5	)	(0.8	)
Stock compensation	(1.4	)	(1.7	)	—
Tax Credits	(0.1	)	(0.1	)	(0.1	)
Consolidated Partnerships	—		0.2		0.4
Tax reform	(10.7	)	—		—
Non-deductible expenses and other, net	3.2		0.8		(1.6	)
Effective tax rate	27.2	%	36.4	%	35.7	%

Schedule of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities at December 31, 2017 and 2016 consist of the following:

	December 31,
	2017			2016
	(In millions)
Deferred Tax Assets:
Employee benefit accruals	$	68		$	36
Net operating loss carryforwards	9			22
Insurance reserve discounting	26			—
Accrued liabilities	10			18
Allowance for uncollectible accounts receivable	4			—
Pension plan	2			5
Tax credits	40			41
State income taxes	4			13
Other	1			3
Total gross deferred tax asset	164			138
Less: valuation allowance	22			10
Total deferred tax asset	$	142		$	128
Deferred Tax Liabilities:
Title plant	$	(55	)	$	(85	)
Amortization of goodwill and intangible assets	(113		)	(174		)
Other investments	(5		)	(4		)
Other	(13		)	(11		)
Investment securities	(41		)	(39		)
Depreciation	(9		)	(12		)
Partnerships	(75		)	(94		)
Insurance reserve discounting	—			(79		)
Total deferred tax liability	$	(311	)	$	(498	)
Net deferred tax liability	$	(169	)	$	(370	)