ACQUISITIONS AND INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Estimated Fair Value of Net Assets Acquired and Liabilities Assumed at Acquisition Dates

The following table summarizes the estimated fair value of the net assets acquired and the liabilities assumed at the acquisition dates during 2022 and 2021.

	December 31,
	2022		2021
	(In millions)
Cash	$	10.8	$	5.2
Accounts receivable and other current assets	5.9		43.1
Other assets	6.0		26.6
Identifiable intangible assets (1)	187.4		1,094.1
Goodwill (2)	283.9		1,842.7
Total assets acquired	494.0		3,011.7
Other current liabilities	(22.6)		(27.2)
Other liabilities	(26.8)		(43.7)
Net assets acquired	$	444.6	$	2,940.8

(1)Identifiable intangible assets are further disaggregated in the following table.

(2)The goodwill related to the 2022 acquisitions was recognized in the Workforce Solutions, USIS, and International operating segments. $201.7 million of goodwill related to the 2022 acquisitions was tax deductible, which excludes goodwill related to Data Crédito within International and a portion of goodwill related to Midigator within USIS. The goodwill related to the 2021 acquisitions were recognized in the Workforce Solutions, USIS and International operating segments. $1.4 billion of goodwill related to 2021 acquisitions was tax deductible, which excludes goodwill related to Kount within USIS and AccountScore within International.

Acquired Intangible Assets Fair Value and Weighted-Average Useful Life

The primary reasons the purchase price of these acquisitions exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, were expanded growth opportunities from new or enhanced product offerings and geographies, cost savings from the elimination of duplicative activities and the acquisition of an assembled workforce that are not recognized as assets apart from goodwill.

	December 31,
	2022			2021
Intangible asset category	Fair value		Weighted-average useful life	Fair value		Weighted-average useful life
	(in millions)		(in years)	(in millions)		(in years)
Proprietary database	$	—	0.0	$	562.3	14.5
Purchased data files	14.9		15.0	207.0		15.0
Customer relationships	89.5		10.0	160.7		10.0
Acquired software and technology	74.8		6.6	146.3		6.0
Trade names and other intangible assets	4.5		2.0	11.3		2.0
Non-compete agreements	3.7		7.9	6.5		4.5
Total acquired intangibles	$	187.4	8.8	$	1,094.1	12.6