2019 Q4 Form 10-K Financial Statement

#000155203320000014 Filed on February 18, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $685.6M $2.463B $613.1M
YoY Change 11.83% 6.3% 21.14%
Cost Of Revenue $228.9M $874.1M $211.1M
YoY Change 8.43% 10.63% 21.74%
Gross Profit $456.7M $1.589B $402.0M
YoY Change 13.61% 4.06% 20.83%
Gross Profit Margin 66.61% 64.51% 65.57%
Selling, General & Admin $211.3M $777.4M $183.1M
YoY Change 15.4% 9.85% 22.56%
% of Gross Profit 46.27% 48.92% 45.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.70M $85.60M $88.10M
YoY Change 2.95% 11.75% 42.56%
% of Gross Profit 19.86% 5.39% 21.92%
Operating Expenses $302.0M $1.922B $271.2M
YoY Change 11.36% 6.47% 28.41%
Operating Profit $154.7M $541.7M $130.7M
YoY Change 18.36% 5.7% 7.57%
Interest Expense -$34.50M $173.7M -$41.20M
YoY Change -16.26% 26.33% 136.78%
% of Operating Profit -22.3% 32.07% -31.52%
Other Income/Expense, Net -$13.50M -$167.2M -$1.100M
YoY Change 1127.27% -1.07% 1000.0%
Pretax Income $106.2M $374.5M $87.90M
YoY Change 20.82% 9.02% -12.28%
Income Tax $19.70M $70.50M $21.20M
% Of Pretax Income 18.55% 18.83% 24.12%
Net Earnings $82.90M $346.9M $102.1M
YoY Change -18.81% 25.42% -58.34%
Net Earnings / Revenue 12.09% 14.08% 16.65%
Basic Earnings Per Share $0.44 $1.85 $0.55
Diluted Earnings Per Share $0.43 $1.81 $0.53
COMMON SHARES
Basic Shares Outstanding 187.8M shares
Diluted Shares Outstanding 191.8M shares

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $307.7M $307.7M $213.9M
YoY Change 43.85% 43.85% 55.68%
Cash & Equivalents $273.6M $274.1M $186.7M
Short-Term Investments $33.60M $33.60M $26.50M
Other Short-Term Assets $170.2M $101.0M $136.5M
YoY Change 24.69% -32.67% -6.63%
Inventory
Prepaid Expenses $84.10M $77.10M
Receivables $443.9M $445.3M $456.8M
Other Receivables $34.20M $34.20M $19.80M
Total Short-Term Assets $888.2M $888.2M $841.5M
YoY Change 5.55% 5.55% 42.94%
LONG-TERM ASSETS
Property, Plant & Equipment $219.0M $290.2M $220.3M
YoY Change -0.59% 31.73% 10.93%
Goodwill $3.143B $3.294B
YoY Change -4.58% 39.04%
Intangibles $2.392B $2.548B
YoY Change -6.13% 39.56%
Long-Term Investments $49.00M $133.7M $44.00M
YoY Change 11.36% 41.78% 2.8%
Other Assets $236.3M $31.40M $136.3M
YoY Change 73.37% -25.24% -0.22%
Total Long-Term Assets $6.225B $6.225B $6.198B
YoY Change 0.43% 0.43% 36.83%
TOTAL ASSETS
Total Short-Term Assets $888.2M $888.2M $841.5M
Total Long-Term Assets $6.225B $6.225B $6.198B
Total Assets $7.113B $7.113B $7.040B
YoY Change 1.04% 1.04% 37.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $176.2M $176.2M $169.9M
YoY Change 3.71% 3.71% 29.4%
Accrued Expenses $50.20M $207.5M $19.50M
YoY Change 157.44% 18.91% 5.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $58.70M $58.70M $71.70M
YoY Change -18.13% -18.13% -39.9%
Total Short-Term Liabilities $571.4M $571.4M $548.5M
YoY Change 4.18% 4.18% 19.66%
LONG-TERM LIABILITIES
Long-Term Debt $3.598B $3.598B $3.976B
YoY Change -9.51% -9.51% 69.55%
Other Long-Term Liabilities $165.0M $165.0M $54.70M
YoY Change 201.65% 201.65% -22.74%
Total Long-Term Liabilities $3.763B $3.763B $4.031B
YoY Change -6.64% -6.64% 66.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $571.4M $571.4M $548.5M
Total Long-Term Liabilities $3.763B $3.763B $4.031B
Total Liabilities $4.774B $4.868B $5.058B
YoY Change -5.61% -5.48% 53.54%
SHAREHOLDERS EQUITY
Retained Earnings $652.0M $363.1M
YoY Change 79.56% 164.26%
Common Stock $2.024B $1.949B
YoY Change 3.85% 4.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $179.2M $139.9M
YoY Change 28.09% 0.79%
Treasury Stock Shares 4.800M shares 4.200M shares
Shareholders Equity $2.245B $2.245B $1.890B
YoY Change
Total Liabilities & Shareholders Equity $7.113B $7.113B $7.040B
YoY Change 1.04% 1.04% 37.54%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $82.90M $346.9M $102.1M
YoY Change -18.81% 25.42% -58.34%
Depreciation, Depletion And Amortization $90.70M $85.60M $88.10M
YoY Change 2.95% 11.75% 42.56%
Cash From Operating Activities $196.3M $776.9M $146.3M
YoY Change 34.18% 39.81% 22.84%
INVESTING ACTIVITIES
Capital Expenditures -$66.40M $188.4M -$61.80M
YoY Change 7.44% 4.61% 39.5%
Acquisitions
YoY Change
Other Investing Activities $17.60M $3.900M -$28.70M
YoY Change -161.32% 225.0% -90.01%
Cash From Investing Activities -$48.80M -$203.9M -$90.50M
YoY Change -46.08% -89.89% -72.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$24.40M
YoY Change -6.87%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -113.7M -$486.7M -93.70M
YoY Change 21.34% -131.6% -224.6%
NET CHANGE
Cash From Operating Activities 196.3M $776.9M 146.3M
Cash From Investing Activities -48.80M -$203.9M -90.50M
Cash From Financing Activities -113.7M -$486.7M -93.70M
Net Change In Cash 33.80M $86.90M -37.90M
YoY Change -189.18% 21.37% -72.4%
FREE CASH FLOW
Cash From Operating Activities $196.3M $776.9M $146.3M
Capital Expenditures -$66.40M $188.4M -$61.80M
Free Cash Flow $262.7M $588.5M $208.1M
YoY Change 26.24% 56.68% 27.36%

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0 USD
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0 USD
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6500000 USD
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0 USD
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0 USD
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0 USD
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3400000 USD
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3200000 USD
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44700000 USD
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26500000 USD
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59800000 USD
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5700000 USD
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20700000 USD
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9700000 USD
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36300000 USD
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20600000 USD
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135300000 USD
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35900000 USD
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31400000 USD
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31800000 USD
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50200000 USD
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46300000 USD
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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0 USD
CY2018 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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CY2017 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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0 USD
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0 USD
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210000000.0 USD
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12600000 USD
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24400000 USD
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26200000 USD
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27100000 USD
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56800000 USD
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41600000 USD
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0 USD
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3900000 USD
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10100000 USD
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10300000 USD
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39200000 USD
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1200000 USD
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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600000 USD
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300000 USD
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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274100000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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187400000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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115800000 USD
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163500000 USD
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132100000 USD
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111700000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
111100000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
120200000 USD
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CY2019 us-gaap Nature Of Operations
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<div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Description of Business</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">TransUnion is a leading global information and insights company that strives to make trust possible between businesses and consumers, working to ensure that each person is reliably and safely represented in the marketplace. At TransUnion, we find innovative ways to leverage data and information to help businesses and consumers transact with confidence and achieve great things. We call this Information for Good.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Grounded in our legacy as a credit reporting agency, we have built a robust and accurate database of information for a large portion of the adult population in the markets we serve. We use our data fusion methodology to link and match an increasing set of other disparate data to further enrich our database. We use this enriched data, combined with our expertise, to continuously develop more powerful and useful solutions for our customers, all in accordance with global laws and regulations. Because of our work, organizations can better understand consumers in order to make more informed decisions, and earn consumer trust through great, personalized experiences, and the proactive extension of the right opportunities, tools and offers. In turn, we believe consumers can be confident that their data identities will result in the opportunities they deserve.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We provide consumer reports, actionable insights and analytics such as credit and other scores, and decisioning capabilities to businesses. Businesses embed our solutions into their process workflows to acquire new customers, assess consumer ability to pay for services, identify cross-selling opportunities, measure and manage debt portfolio risk, collect debt, verify consumer identities and investigate potential fraud. Consumers use our solutions to view their credit profiles and access analytical tools that help them understand and manage their personal information and take precautions against identity theft. We have deep domain expertise across a number of attractive industries, which we also refer to as verticals, including Financial Services, Healthcare, Insurance and other markets we serve. We have a global presence in over </span><span style="font-family:inherit;font-size:10pt;"><span>30</span></span><span style="font-family:inherit;font-size:10pt;"> countries and territories across North America, Latin America, Europe, Africa, India, and Asia Pacific. </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our solutions are based on a foundation of financial, credit, alternative credit, identity, bankruptcy, lien, judgment, healthcare, insurance claims, automotive and other relevant information obtained from thousands of sources including financial institutions, private databases, public records repositories, and other data sources. We refine, standardize and enhance this data using sophisticated algorithms to create proprietary databases. Our technology infrastructure allows us to efficiently integrate our data with our analytics and decisioning capabilities to create and deliver innovative solutions to our customers and to quickly adapt to changing customer needs. Our deep analytics resources, including our people and tools driving predictive modeling and scoring, customer segmentation, benchmarking and forecasting, enable us to provide businesses and consumers with better insights into their data. Our decisioning capabilities, which are generally delivered on a software-as-a-service platform, allow businesses to interpret data and apply their specific qualifying criteria to make decisions and take actions. Collectively, our data, analytics and decisioning capabilities allow businesses to authenticate the identity of consumers, effectively determine the most relevant products for consumers, retain and cross-sell to existing consumers, identify and acquire new consumers and reduce loss from fraud and data breaches. Similarly, our capabilities allow consumers to see how their credit profiles have changed over time, understand the impact of financial decisions on their credit scores, manage their personal information and take precautions against identity theft.</span></div>
CY2019Q4 ck0001552033 Global Presence Numberof Countries
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30
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<div style="line-height:120%;padding-top:18px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements and related disclosures in accordance with GAAP requires management to make estimates and judgments that affect the amounts reported. We believe that the estimates used in preparation of the accompanying consolidated financial statements are reasonable, based upon information available to management at this time. These estimates and judgments affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the balance sheet date, as well as the amounts of revenue and expense during the reporting period. Estimates are inherently uncertain and actual results could differ materially from the estimated amounts.</span></div>
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4 segment
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3 segment
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<div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition and Deferred Revenue</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">All of our revenue is derived from contracts with customers and is reported as revenue in the Consolidated Statements of Income generally as or at the point in time our performance obligations are satisfied. A performance obligation is a promise in a contract to transfer a distinct good or service to a customer. We have contracts with </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> general groups of performance obligations; </span><span style="font-family:inherit;font-size:10pt;"><span>those that require us to stand ready to provide goods and services to a customer to use as and when requested (“Stand Ready Performance Obligations”)</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>those that do not require us to stand ready (“Other Performance Obligations”)</span></span><span style="font-family:inherit;font-size:10pt;">. Our Stand Ready Performance Obligations include obligations to stand ready to provide data, process transactions, access our databases, software-as-a-service and direct-to-consumer products, rights to use our intellectual property and other services. Our Other Performance Obligations include the sale of certain batch data sets and various professional and other services. See Note 14, “Revenue,” for a further discussion about our revenue recognition policies.</span></div>Deferred revenue generally consists of amounts billed in excess of revenue recognized for the sale of data services, subscriptions and set up fees. As our contracts with customers generally have a duration of one year or less, our contract liabilities consist of deferred revenue that is primarily short-term in nature. The current and long-term portions of deferred revenue are included in other current liabilities and other liabilities.
CY2019 ck0001552033 Numberof Typesof Performance Obligations
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2 performance_obligation
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29600000 USD
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28400000 USD
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22000000.0 USD
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219000000.0 USD
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100000 USD
CY2019Q4 ck0001552033 Incremental Borrowings Amount
IncrementalBorrowingsAmount
1000000000.0 USD
CY2019Q4 ck0001552033 Incremental Borrowings Criteria Percentageof Consolidated Ebitda
IncrementalBorrowingsCriteriaPercentageofConsolidatedEBITDA
1
CY2019Q4 ck0001552033 Incremental Borrowings Criteria Senior Secured Leverageratio
IncrementalBorrowingsCriteriaSeniorSecuredLeverageratio
4.25
CY2018 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
12000000.0 USD
CY2019Q4 ck0001552033 Net Leverage Ratio Requirement
NetLeverageRatioRequirement
5.5
CY2019Q4 ck0001552033 Net Leverage Ratio Requirement Dividends
NetLeverageRatioRequirementDividends
4.75
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.057
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
35500000 USD
CY2018 us-gaap Operating Lease Cost
OperatingLeaseCost
28600000 USD
CY2017 us-gaap Operating Lease Cost
OperatingLeaseCost
22500000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
36300000 USD
CY2018 us-gaap Operating Lease Payments
OperatingLeasePayments
27200000 USD
CY2017 us-gaap Operating Lease Payments
OperatingLeasePayments
23200000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
23200000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
300000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20100000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12100000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10400000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
7900000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
16400000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2019Q4 ck0001552033 Imputedinterestoperatinglease
Imputedinterestoperatinglease
13000000.0 USD
CY2019Q4 ck0001552033 Imputedinterestfinanceleases
Imputedinterestfinanceleases
0 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
77100000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
300000 USD
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.075
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000.0 USD
us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P3Y
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
133500000 shares
CY2019Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
166500000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
39200000 USD
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000.0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019 ck0001552033 Numberof Typesof Performance Obligations
NumberofTypesofPerformanceObligations
2 performance_obligation
CY2019Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
0 USD
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1100000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2019 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
356600000 USD
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
289000000.0 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
451600000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5100000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10900000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10400000 USD
CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
351500000 USD
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
278100000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
441200000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-4600000 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1500000 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
346900000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
276600000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
441200000 USD
CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.87
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.51
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.42
CY2019 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.02
CY2018 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.01
CY2017 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.85
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.50
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.42
CY2019 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.83
CY2018 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.46
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.32
CY2019 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.02
CY2018 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.01
CY2017 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.81
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.45
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.32
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
187800000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184600000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182400000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4100000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6200000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7400000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
191800000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190900000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189900000 shares
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
52200000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
50500000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
62700000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
82300000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-600000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-57000000.0 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-221800000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3600000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
11900000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8400000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-8200000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-3900000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
9900000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
48900000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
43000000.0 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-13600000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-8100000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-900000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83900000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54500000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-79100000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
333200000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
256500000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
265700000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
107300000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
87000000.0 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
106800000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
440500000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
343500000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
372500000 USD
CY2018 ck0001552033 Income Tax Reconciliation Dividendsand Tax Credits Foreign Amount
IncomeTaxReconciliationDividendsandTaxCreditsForeignAmount
24200000 USD
CY2018 ck0001552033 Effective Income Tax Rate Reconciliation Dividendand Tax Credits Foreign Percent
EffectiveIncomeTaxRateReconciliationDividendandTaxCreditsForeignPercent
-0.070
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
92500000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
72100000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
130400000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
200000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
10200000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.030
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5600000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.015
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
23000000.0 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.052
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
15400000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.045
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2400000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.006
CY2019 ck0001552033 Income Tax Reconciliation Dividendsand Tax Credits Foreign Amount
IncomeTaxReconciliationDividendsandTaxCreditsForeignAmount
-6000000.0 USD
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Dividendand Tax Credits Foreign Percent
EffectiveIncomeTaxRateReconciliationDividendandTaxCreditsForeignPercent
0.014
CY2017 ck0001552033 Income Tax Reconciliation Dividendsand Tax Credits Foreign Amount
IncomeTaxReconciliationDividendsandTaxCreditsForeignAmount
1200000 USD
CY2017 ck0001552033 Effective Income Tax Rate Reconciliation Dividendand Tax Credits Foreign Percent
EffectiveIncomeTaxRateReconciliationDividendandTaxCreditsForeignPercent
-0.003
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2100000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.005
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2200000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.007
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3800000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.010
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
5300000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.015
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-175300000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.471
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Amount
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostAmount
-39100000 USD
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostPercent
-0.089
CY2018 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Amount
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostAmount
-30200000 USD
CY2018 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostPercent
-0.088
CY2017 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Amount
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostAmount
-39300000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
23200000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.212
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
18100000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
24100000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
13200000 USD
CY2017 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostPercent
-0.105
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Cost Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTransactionCostAmount
600000 USD
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Cost Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTransactionCostPercent
0.001
CY2018 ck0001552033 Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Cost Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTransactionCostAmount
3100000 USD
CY2018 ck0001552033 Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Cost Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTransactionCostPercent
0.009
CY2017 ck0001552033 Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Cost Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTransactionCostAmount
1100000 USD
CY2017 ck0001552033 Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Cost Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTransactionCostPercent
0.003
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
2800000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.007
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
5000000.0 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.015
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1000000.0 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83900000 USD
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.190
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54500000 USD
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.159
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-79100000 USD
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.212
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.190
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.159
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
13100000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
3500000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
3900000 USD
CY2019Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
12700000 USD
CY2018Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
1200000 USD
CY2019Q4 ck0001552033 Deferred Tax Assets Finance Cost
DeferredTaxAssetsFinanceCost
0 USD
CY2018Q4 ck0001552033 Deferred Tax Assets Finance Cost
DeferredTaxAssetsFinanceCost
2500000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
114200000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
103700000 USD
CY2019Q4 ck0001552033 Deferred Tax Asset Leases
DeferredTaxAssetLeases
19900000 USD
CY2018Q4 ck0001552033 Deferred Tax Asset Leases
DeferredTaxAssetLeases
0 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
13700000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
11800000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
195300000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
160300000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
53300000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
51900000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
142000000.0 USD
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
108400000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
539900000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
568800000 USD
CY2019Q4 ck0001552033 Deferred Tax Liability Rightof Use
DeferredTaxLiabilityRightofUse
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Contingencies<div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Litigation</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In addition to the matters described below, we are routinely named as defendants in, or parties to, various legal actions and proceedings relating to our current or past business operations. These actions generally assert claims for violations of federal or state credit reporting, consumer protection or privacy laws, or common law claims related to privacy, libel, slander or the unfair treatment of consumers, and may include claims for substantial or indeterminate compensatory or punitive damages, or injunctive relief, and may seek business practice changes. We believe that most of these claims are either without merit or we have valid defenses to the claims, and we vigorously defend these matters or seek non-monetary or small monetary settlements, if possible. However, due to the uncertainties inherent in litigation, we cannot predict the outcome of each claim in each instance.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the ordinary course of business, we also are subject to governmental and regulatory examinations, information-gathering requests, investigations and proceedings (both formal and informal), certain of which may result in adverse judgments, settlements, fines, penalties, injunctions or other relief. In connection with formal and informal inquiries by these regulators, we routinely receive requests, subpoenas and orders seeking documents, testimony, and other information in connection with various aspects of our activities.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In view of the inherent unpredictability of litigation and regulatory matters, particularly where the damages sought are substantial or indeterminate or when the proceedings or investigations are in the early stages, we cannot determine with any degree of certainty the timing or ultimate resolution of litigation and regulatory matters or the eventual loss, fines, penalties or business impact, if any, that may result. We establish reserves for litigation and regulatory matters when those matters present loss contingencies that are both probable and can be reasonably estimated. The actual costs of resolving litigation and regulatory matters, however, may </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">be substantially higher than the amounts reserved for those matters, and an adverse outcome in certain of these matters could have a material adverse effect on our consolidated financial statements in particular quarterly or annual periods.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On a regular basis, we accrue reserves for litigation and regulatory matters based on our historical experience and our ability to reasonably estimate and ascertain the probability of any liability. However, for certain of the matters described below, we are not able to reasonably estimate our exposure because damages have not been specified and (i) the proceedings are in early stages, (ii) there is uncertainty as to the likelihood of a class being certified or the ultimate size of the class, (iii) there is uncertainty as to the outcome of similar matters pending against our competitors, (iv) there are significant factual issues to be resolved, and/or (v) there are legal issues of a first impression being presented. However, for these matters we do not believe based on currently available information that the outcomes will have a material adverse effect on our financial condition, though the outcomes could be material to our operating results for any particular period.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">To reduce our exposure to an unexpected significant monetary award resulting from an adverse judicial decision, we maintain insurance that we believe is appropriate and adequate based on our historical experience. We regularly advise our insurance carriers of the claims (threatened or pending) against us in the course of litigation and generally receive a reservation of rights letter from the carriers when such claims exceed applicable deductibles. We are not aware of any significant monetary claim that has been asserted against us in the course of pending litigation that would not have some level of coverage by insurance after the relevant deductible, if any, is met.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, we accrued </span><span style="font-family:inherit;font-size:10pt;"><span>$30.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$33.2 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, for anticipated claims. These amounts were recorded in other accrued liabilities in the consolidated balance sheets and the associated expenses were recorded in selling, general and administrative expenses in the consolidated statements of income. Legal fees incurred in connection with ongoing litigation are considered period costs and are expensed as incurred.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">OFAC Alert Service</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As a result of a decision by the United States Third Circuit Court of Appeals (</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cortez v. Trans Union LLC</span><span style="font-family:inherit;font-size:10pt;">) in 2010, we modified one of our add-on services we offer to our business customers that was designed to alert our customer that the consumer, who was seeking to establish a business relationship with the customer, may potentially be on the Office of Foreign Assets Control, Specifically Designated National and Blocked Persons alert list (the “OFAC Alert”). The OFAC Alert service is meant to assist our customers with their compliance obligations in connection with the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez v. Trans Union LLC</span><span style="font-family:inherit;font-size:10pt;">, (No. 3:12-cv-00632-JSC, United States District Court for the Northern District of California), filed in 2012, the plaintiff has alleged that: the OFAC Alert service does not comply with the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cortez</span><span style="font-family:inherit;font-size:10pt;"> ruling; we have willfully violated the Fair Credit Reporting Act (“FCRA”) and the corresponding California state-FCRA based on the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cortez</span><span style="font-family:inherit;font-size:10pt;"> ruling by continuing to offer the OFAC Alert service; and there are one or more classes of individuals who should be entitled to statutory damages (i.e., </span><span style="font-family:inherit;font-size:10pt;"><span>$100</span></span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;"><span>$5,000</span></span><span style="font-family:inherit;font-size:10pt;"> per person) based on the allegedly willful violations. In July 2014, the Court in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</span><span style="font-family:inherit;font-size:10pt;"> certified a class of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>8,000</span></span><span style="font-family:inherit;font-size:10pt;"> individuals solely for purposes of statutory damages if TransUnion is ultimately found to have willfully violated the FCRA, and a sub-class of California residents solely for purposes of injunctive relief under the California Consumer Credit Reporting Agencies Act. While the Court noted that the plaintiff is not seeking any actual monetary damage, the class certification order was predicated on a disputed question of Ninth Circuit law (currently there is a conflict between the federal circuits) that was awaiting action by the United States Supreme Court. Our motion to stay the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</span><span style="font-family:inherit;font-size:10pt;"> proceeding was granted and the proceeding stayed pending action by the U.S. Supreme Court in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Spokeo v. Robins</span><span style="font-family:inherit;font-size:10pt;">. </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On May 16, 2016, the U.S. Supreme Court issued its decision in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Spokeo v. Robins</span><span style="font-family:inherit;font-size:10pt;">, holding that the injury-in-fact requirement for standing under Article III of the United States Constitution requires a plaintiff to allege an injury that is both “concrete and particularized.” The Court held that the Ninth Circuit’s analysis failed to consider concreteness in its analysis and vacated the decision and remanded to the Ninth Circuit to consider both aspects of the injury-in-fact requirement. Following the U.S. Supreme Court’s decision, the stay in the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</span><span style="font-family:inherit;font-size:10pt;"> matter was lifted. In October 2016, the Court in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</span><span style="font-family:inherit;font-size:10pt;"> denied our motion to decertify the classes based on the implications of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Spokeo</span><span style="font-family:inherit;font-size:10pt;">. </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On June 21, 2017, the jury in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</span><span style="font-family:inherit;font-size:10pt;"> returned a verdict in favor of a class of </span><span style="font-family:inherit;font-size:10pt;"><span>8,185</span></span><span style="font-family:inherit;font-size:10pt;"> individuals in the amount of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$8.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> (</span><span style="font-family:inherit;font-size:10pt;"><span>$984.22</span></span><span style="font-family:inherit;font-size:10pt;"> per class member) in statutory damages and approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$52.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> (</span><span style="font-family:inherit;font-size:10pt;"><span>$6,353.08</span></span><span style="font-family:inherit;font-size:10pt;"> per class member) in punitive damages. In November 2017, the trial court denied our post-trial motions for judgment as a matter of law, a new trial and a reduction on the jury verdict. We appealed the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</span><span style="font-family:inherit;font-size:10pt;"> ruling to the United States Court of Appeals for the Ninth Circuit and posted a bond at nominal cost to stay the execution of the judgment pending resolution of our appeal. The Court heard oral arguments on February 14, 2019, and could render its decision at any time.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The timing and outcome of the ultimate resolution of this matter is uncertain. Despite the jury verdict, we continue to believe that we have not willfully violated any law and have meritorious grounds for seeking modification of the judgment on appeal. Given the complexity and uncertainties associated with the outcome of the current and any subsequent appeals, there is a wide range of potential results, from vacating the jury verdict in its entirety to upholding some or all aspects of the verdict. As of December 31, </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2019, we have accrued a liability for this matter equal to our current estimate of probable losses (the amount of the verdict for statutory damages) and our costs of defending this matter, and a corresponding and fully-offsetting receivable representing the amounts we expect to receive from our insurance carriers.  The accrued liability does not include any amount for the punitive damages awarded by the jury since it is not probable, based on legal precedent, that the amount of the punitive damages awarded by the jury will survive our post-judgment actions. We currently estimate, however, that the reasonably possible loss in future periods for punitive damages falls within a range from </span><span style="font-family:inherit;font-size:10pt;"><span>zero</span></span><span style="font-family:inherit;font-size:10pt;"> to something less than the amount of the statutory damages awarded by the jury.  This estimate is based on currently available information. As available information changes, our estimates may change as well. The extent of our insurance coverage for punitive damages in this matter is uncertain and may be less than all of such punitive damages ultimately awarded. In the event all or a portion of the punitive damages award survives our post-judgment actions, we will continue to engage with our insurance carriers and aggressively pursue all potential recoveries.</span></div>
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