Supplemental Financial Data

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Financial Data

Supplemental Financial Data

Other Non-Current Assets:

	Year Ended December 31,
	2024		2023
Right of use assets (1)	$	42.6	$	43.1
Prepaid pension assets	5.5		5.6
Investments	32.4		20.6
Deferred income tax	2.9		17.2
Long-term contract assets	32.8		18.0
Prepaid cloud computing fees and deferred implementation costs	37.1		23.2
Long-term technology vendor contracts	79.3		46.9
Other	19.4		13.2
Total	$	252.0	$	187.8

(1)See Note 12 for further detail.

Other Accrued and Current Liabilities:

	Year Ended December 31,
	2024		2023
Accrued operating costs	$	100.3	$	94.3
Accrued interest expense	4.7		5.3
Short-term lease liability (1)	15.9		15.0
Accrued income tax	50.5		15.3
Swap liabilities (2)	13.2		34.1
Other accrued liabilities	23.4		32.1
Total	$	208.0	$	196.1

(1)See Note 12 for further detail.

(2)See Note 10 for further detail.

Other Non-Current Liabilities:

	Year Ended December 31,
	2024		2023
Deferred revenue - long term	$	22.6	$	19.7
U.S. tax liability associated with the 2017 Act	16.3		29.4
Liabilities for unrecognized tax benefits	16.0		19.8
Long-term lease liability (1)	32.7		33.8
Other	14.4		15.5
Total	$	102.0	$	118.2

(1)See Note 12 for further detail.

Property, Plant and Equipment - Net:

	December 31,
	2024		2023
Land	$	7.7	$	7.7
Building and building improvement	$	63.8	$	63.7
Less: accumulated depreciation	5.6		4.0
Net building and building improvement	$	58.2	$	59.7
Furniture and equipment (1)	$	62.2	$	61.9
Less: accumulated depreciation	41.7		32.8
Net furniture and equipment	$	20.5	$	29.1
Leasehold improvements	$	12.0	$	14.5
Less: accumulated depreciation	7.3		8.9
Net leasehold improvements	$	4.7	$	5.6
Property, plant and equipment - net	$	91.1	$	102.1

(1)Including $9.4 million and $15.9 million financing lease assets at December 31, 2024 and 2023, respectively.

Property, plant and equipment depreciation and amortization expense was $16.2 million, $15.4 million and $13.1 million for the years ended December 31, 2024, 2023 and 2022, respectively. We also recorded impairment charges of $0.4 million included in selling and administrative expenses in the consolidated statement of operations and comprehensive income (loss) for the year ended December 31, 2022, primarily related to leasehold improvements for offices we ceased to occupy.

Computer Software and Goodwill:

	Computer software		Goodwill
January 1, 2023	$	631.8	$	3,431.3
Additions at cost (1) (2)	182.4		—
Amortization	(153.7)		—
Impairment / Write-off	(2.3)		—
Other (3)	8.1		14.5
December 31, 2023	$	666.3	$	3,445.8
Additions at cost (1)(2)	200.1		—
Amortization	(174.8)		—
Impairment / Write-off	(0.7)		—
Other (3)	(14.6)		(36.0)
December 31, 2024	$	676.3	$	3,409.8

Other Intangibles:

	Customer relationships		Reacquired rights		Database		Other indefinite-lived intangibles (5)		Other intangibles		Total
January 1, 2023 (4)	$	1,536.7	$	245.5	$	1,100.0	$	1,280.0	$	157.9	$	4,320.1
Additions at cost (1)	—		—		—		—		0.7		0.7
Amortization	(221.9)		(18.9)		(160.1)		—		(16.8)		(417.7)
Other (3)	1.9		7.3		0.7		—		2.9		12.8
December 31, 2023 (4)	$	1,316.7	$	233.9	$	940.6	$	1,280.0	$	144.7	$	3,915.9
Additions at cost (1)	—		—		—		—		0.6		0.6
Amortization	(204.1)		(19.0)		(147.1)		—		(16.4)		(386.6)
Other (3)	(3.9)		(14.6)		(3.5)		—		(1.1)		(23.1)
December 31, 2024 (4)	$	1,108.7	$	200.3	$	790.0	$	1,280.0	$	127.8	$	3,506.8

(1)Primarily related to software-related enhancements on products.

(2)For the years ended December 31, 2024 and 2023, total non-cash additions were $24.8 million and $7.2 million, of which $11.5 million and $4.6 million, respectively, was reflected in "Other accrued and current liabilities" and $9.0 million and $2.6 million, respectively, was reflected in "Other non-current liabilities". In addition, $4.3 million additions during 2024 were paid in the prior year.

(3)Primarily due to the impact of foreign currency fluctuations.

(4)Customer Relationships—Net of accumulated amortization of $1,411.2 million and $1,212.7 million as of December 31, 2024 and as of December 31, 2023, respectively.

Reacquired Rights—Net of accumulated amortization of $77.3 million and $63.4 million as of December 31, 2024 and as of December 31, 2023, respectively.

Database—Net of accumulated amortization of $1,015.7 million and $872.8 million as of December 31, 2024 and as of December 31, 2023, respectively.

Other Intangibles —Net of accumulated amortization of $93.1 million and $77.1 million as of December 31, 2024 and as of December 31, 2023, respectively.

(5)Primarily related to the D&B trademark recognized in connection with historical merger and acquisition transactions.

The table below sets forth the future amortization as of December 31, 2024 associated with computer software and other intangibles:

	2025		2026		2027		2028		2029		Thereafter		Total
Computer software	$	198.7	$	155.4	$	119.1	$	88.3	$	59.0	$	55.8	$	676.3
Customer relationships	187.3		169.6		151.8		134.0		116.0		350.0		1,108.7
Reacquired rights	18.1		18.1		18.1		18.1		18.1		109.8		200.3
Database	133.9		120.6		107.3		95.3		83.3		249.6		790.0
Other intangibles	16.4		16.2		16.1		16.1		15.7		47.3		127.8
Total	$	554.4	$	479.9	$	412.4	$	351.8	$	292.1	$	812.5	$	2,903.1

Allowance for Credit Risks:

January 1, 2022	$	16.5
Additions charged to costs and expenses	5.4
Write-offs	(9.3)
Recoveries	2.2
Other	(0.5)
December 31, 2022	$	14.3
Additions charged to costs and expenses	12.6
Write-offs	(8.3)
Recoveries	1.5
December 31, 2023	$	20.1
Additions charged to costs and expenses	16.5
Write-offs	(11.9)
Recoveries	1.4
Other	(0.3)
December 31, 2024	$	25.8

Deferred Tax Asset Valuation Allowance:

January 1, 2022	$	39.4
Additions charged (credited) to costs and expenses	0.6
Additions charged (credited) due to foreign currency fluctuations	(3.0)
December 31, 2022	$	37.0
Additions charged (credited) to costs and expenses	0.9
Additions charged (credited) due to foreign currency fluctuations	1.3
December 31, 2023	$	39.2
Additions charged (credited) to costs and expenses	0.6
Additions charged (credited) due to foreign currency fluctuations	(1.6)
December 31, 2024	$	38.2

Non-Controlling Equity Interest:

On November 1, 2022, we purchased the non-controlling equity interest (“NCI”) of our China operations from a third-party entity for RMB 815.4 million, of which RMB 169.1 million, or $23.2 million was paid in November 2022 and a liability of $93.7 million was recognized for the remaining liability as of December 31, 2022. During 2023 we settled the liability with total payments of $95.7 million. We recognized a foreign exchange loss of $2.6 million associated with the payments for the year ended December 31, 2023. The transaction was accounted for as an equity transaction among shareholders, and accordingly, no gain or loss was recognized in consolidated net income or comprehensive income.

Other Income (Expense) — Net:

Other income (expense) - net was as follows:

	Year Ended December 31,
	2024		2023		2022
Non-operating pension income (expense) (1)	$	20.0	$	18.3	$	42.2
Debt redemption premium (2)	—		—		(16.3)
Miscellaneous other income (expense) – net (3)	(19.7)		(23.6)		(12.0)
Other income (expense) – net	$	0.3	$	(5.3)	$	13.9

(1)Lower non-operating pension income in 2024 and 2023 compared to 2022 was primarily attributable to higher interest costs in 2024 and 2023, driven by higher discount rates.

(2)For the year ended December 31, 2022, debt redemption premium was related to the early redemption of then-existing 6.875% Senior Secured Notes in January 2022.

(3)Lower miscellaneous other income (expense)- net in 2024 compared to 2023 was primarily due to lower foreign exchange losses in the current year, partially offset by higher fees related to the accounts receivable securitization facility. Higher miscellaneous other income (expense) - net in 2023 compared to 2022 was primarily driven by fees incurred for the accounts receivable securitization facility, including fees for administrative responsibilities. See Note 14 for further discussion.