2021 Q4 Form 10-K Financial Statement

#000155203322000008 Filed on February 22, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $789.8M $743.4M $728.2M
YoY Change 20.89% 14.28% 24.03%
Cost Of Revenue $239.0M $259.1M $234.7M
YoY Change -6.02% 16.5% 7.37%
Gross Profit $410.1M $532.5M $493.5M
YoY Change -7.72% 12.46% 18.69%
Gross Profit Margin 51.92% 71.63% 67.77%
Selling, General & Admin $261.5M $247.3M $199.8M
YoY Change 27.62% 12.92% -0.65%
% of Gross Profit 63.76% 46.44% 40.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $88.40M $95.90M $98.40M
YoY Change -6.46% 4.01% 8.25%
% of Gross Profit 21.56% 18.01% 19.94%
Operating Expenses $349.9M $602.3M $527.7M
YoY Change 16.83% 12.87% 3.37%
Operating Profit $114.0M $169.7M $200.4M
YoY Change -11.49% 17.12% 89.06%
Interest Expense -$29.10M $25.70M $25.60M
YoY Change 28.76% -6.88% -23.58%
% of Operating Profit -25.53% 15.14% 12.77%
Other Income/Expense, Net -$22.00M -$32.20M -$19.70M
YoY Change -358.82% 36.44% -36.25%
Pretax Income -$11.50M $157.2M $180.7M
YoY Change -109.02% 13.34% 94.3%
Income Tax $1.800M $39.00M $58.60M
% Of Pretax Income 24.81% 32.43%
Net Earnings $1.017B $114.2M $127.6M
YoY Change 900.39% 11.09% 86.28%
Net Earnings / Revenue 128.82% 15.36% 17.52%
Basic Earnings Per Share $5.31 $0.60 $0.67
Diluted Earnings Per Share $5.27 $0.59 $0.66
COMMON SHARES
Basic Shares Outstanding 191.6M shares 191.4M shares
Diluted Shares Outstanding 193.1M shares 192.8M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.846B $711.9M $529.4M
YoY Change 271.93% 18.45% 7.84%
Cash & Equivalents $1.842B $708.8M $526.2M
Short-Term Investments $3.100M $3.100M $3.200M
Other Short-Term Assets $231.6M $228.2M $215.0M
YoY Change 48.37% 17.27% 7.82%
Inventory
Prepaid Expenses $136.2M $108.5M $120.6M
Receivables $558.0M $513.6M $511.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.632B $1.451B $1.253B
YoY Change 79.08% 19.23% 17.69%
LONG-TERM ASSETS
Property, Plant & Equipment $247.7M $196.4M $209.3M
YoY Change 12.74% -3.16% 2.95%
Goodwill $5.526B $3.425B $3.455B
YoY Change 71.25% 3.36% 5.32%
Intangibles $3.771B $2.161B $2.211B
YoY Change 73.51% -3.33% -1.6%
Long-Term Investments $46.10M $45.40M $44.00M
YoY Change 0.0% 12.66% 13.99%
Other Assets $459.0M $275.5M $266.2M
YoY Change 106.29% 20.15% 16.14%
Total Long-Term Assets $10.00B $6.058B $6.142B
YoY Change 71.23% 1.28% 3.05%
TOTAL ASSETS
Total Short-Term Assets $2.632B $1.451B $1.253B
Total Long-Term Assets $10.00B $6.058B $6.142B
Total Assets $12.64B $7.508B $7.395B
YoY Change 72.81% 4.32% 5.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $270.2M $227.7M $212.2M
YoY Change 39.86% 21.96% 7.17%
Accrued Expenses $66.80M $41.10M $44.50M
YoY Change 69.11% 46.26% 55.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $114.6M $76.50M $69.30M
YoY Change 106.49% 38.09% 24.42%
Total Short-Term Liabilities $1.357B $680.0M $601.8M
YoY Change 102.6% 9.96% 3.37%
LONG-TERM LIABILITIES
Long-Term Debt $6.251B $3.253B $3.273B
YoY Change 83.93% -8.64% -8.4%
Other Long-Term Liabilities $232.9M $174.3M $181.8M
YoY Change 10.8% -22.53% -21.33%
Total Long-Term Liabilities $6.484B $3.427B $3.455B
YoY Change 79.67% -9.46% -9.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.357B $680.0M $601.8M
Total Long-Term Liabilities $6.484B $3.427B $3.455B
Total Liabilities $8.629B $4.527B $4.488B
YoY Change 84.55% -5.6% -6.29%
SHAREHOLDERS EQUITY
Retained Earnings $2.255B $1.256B $1.160B
YoY Change 140.52% 47.68% 52.3%
Common Stock $2.191B $2.164B $2.136B
YoY Change 4.82% 4.21% 3.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $252.0M $250.1M $249.2M
YoY Change 17.1% 16.49% 17.44%
Treasury Stock Shares 5.600M shares 5.600M shares 5.600M shares
Shareholders Equity $3.908B $2.881B $2.805B
YoY Change
Total Liabilities & Shareholders Equity $12.64B $7.508B $7.395B
YoY Change 72.81% 4.32% 5.27%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $1.017B $114.2M $127.6M
YoY Change 900.39% 11.09% 86.28%
Depreciation, Depletion And Amortization $88.40M $95.90M $98.40M
YoY Change -6.46% 4.01% 8.25%
Cash From Operating Activities $148.1M $279.7M $235.7M
YoY Change -35.38% 56.43% -7.17%
INVESTING ACTIVITIES
Capital Expenditures -$66.10M -$61.00M -$53.90M
YoY Change -19.78% 38.32% 18.2%
Acquisitions
YoY Change
Other Investing Activities -$1.939B -$900.0K -$20.30M
YoY Change 6094.25% -112.68% -55.29%
Cash From Investing Activities -$2.005B -$61.90M -$74.20M
YoY Change 1663.32% 67.3% -18.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.994B -29.00M -70.30M
YoY Change -1700.96% 25.54% 89.49%
NET CHANGE
Cash From Operating Activities 148.1M 279.7M 235.7M
Cash From Investing Activities -2.005B -61.90M -74.20M
Cash From Financing Activities 2.994B -29.00M -70.30M
Net Change In Cash 1.137B 188.8M 91.20M
YoY Change -1690.21% 59.06% -27.5%
FREE CASH FLOW
Cash From Operating Activities $148.1M $279.7M $235.7M
Capital Expenditures -$66.10M -$61.00M -$53.90M
Free Cash Flow $214.2M $340.7M $289.6M
YoY Change -31.26% 52.85% -3.31%

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CY2021 us-gaap Nature Of Operations
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<div style="margin-top:5pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Description of Business</span></div><div style="margin-top:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TransUnion is a leading global information and insights company that makes trust possible between businesses and consumers, working to help people around the world access opportunities that lead to a higher quality of life. That trust is built on TransUnion’s ability to deliver safe, innovative solutions with credibility and consistency. We call this Information for Good.</span></div><div style="margin-top:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Grounded in our heritage as a credit reporting agency, we have built robust and accurate databases of information for a large portion of the adult population in the markets we serve. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We use our data fusion methodology to link and match an increasing set of disparate data to further enrich our database</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. We use this enriched data, combined with our expertise, to continuously develop more insightful 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 better offers and opportunities.</span></div><div style="margin-top:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We provide solutions that enable businesses to manage and measure credit risk, market to new and existing customers, verify consumer identities, mitigate fraud, and effectively manage call center operations. Businesses embed our solutions into their process workflows to deliver critical insights and enable effective actions. Consumers use our solutions to view their credit profiles and access analytical tools that help them understand and manage their personal financial 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 and Emerging Verticals, which consists of Insurance, Services and Collections, Tenant and Employment, Technology, Commerce &amp; Communications, Public Sector, Media, and other emerging verticals we serve, as well as our Neustar business. We have a global presence in over 30 countries and territories across North America, Latin America, Europe, Africa, India, and Asia Pacific. </span></div><div style="margin-top:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our solutions are based on a foundation of data assets across financial, credit, alternative credit, identity, phone activity, digital device information, marketing, bankruptcy, lien, judgment, insurance claims, automotive and other relevant information obtained from thousands of sources including financial institutions, private databases and public records repositories. 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 technology 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. </span></div><div style="margin-top:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We leverage our differentiated capabilities in order to serve a global customer base across multiple geographies and industry verticals. We offer our solutions to business customers in Financial Services, Insurance and other industries, and our customer base includes many of the largest companies in the industries we serve. We sell our solutions to leading consumer lending banks, credit card issuers, alternative lenders, online-only lenders (“FinTechs”), Point of Sale (“POS”)/Buy Now Pay Later (“BNPL”) lenders, auto lenders, auto insurance carriers, cable and telecom operators, retailers, and federal, state and local government agencies. Millions of consumers across the globe also use our data to help manage their personal finances and take precautions against identity theft.</span></div>
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<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 a</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ccompanying 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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302700000 USD
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13300000 USD
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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46800000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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0 USD
CY2021Q4 ck0001552033 Imputedinterestoperatinglease
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21600000 USD
CY2021Q4 ck0001552033 Imputedinterestfinanceleases
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0 USD
CY2021Q4 us-gaap Finance Lease Liability
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200000 USD
CY2021Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2021 ck0001552033 Numberof Typesof Performance Obligations
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2 performance_obligation
CY2021Q4 us-gaap Contract With Customer Refund Liability
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0 USD
CY2021Q4 ck0001552033 Revenue To Be Recognized Rolling Next Two Years
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117000000 USD
CY2021Q4 ck0001552033 Revenue To Be Recognized Rolling After Two Years
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136500000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
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0.075
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
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300000000 USD
us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P3Y
CY2021Q4 ck0001552033 Stock Repurchase Program Repurchase Amount
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133500000 USD
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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166500000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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36800000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
36100000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
39200000 USD
CY2021Q4 us-gaap Preferred Stock Shares Authorized
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100000000.0 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000.0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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370500000 USD
CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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305700000 USD
CY2019 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
304000000.0 USD
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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15000000.0 USD
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12400000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5100000 USD
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
355500000 USD
CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
293400000 USD
CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
298900000 USD
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1031700000 USD
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
49800000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
48000000.0 USD
CY2021 us-gaap Net Income Loss
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1387100000 USD
CY2020 us-gaap Net Income Loss
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343200000 USD
CY2019 us-gaap Net Income Loss
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346900000 USD
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.86
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.54
CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.59
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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5.39
CY2020 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.26
CY2019 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.26
CY2021 us-gaap Earnings Per Share Basic
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7.25
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.81
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.85
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.84
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.53
CY2019 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.56
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
5.35
CY2020 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.26
CY2019 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.25
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.19
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.79
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.81
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
191400000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189900000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
187800000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1600000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2300000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4100000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193000000.0 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
192200000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
191800000 shares
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
52400000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
52100000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
62000000.0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
55900000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
39100000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-9300000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-8000000.0 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1500000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
18800000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
11600000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2300000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4400000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-7900000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
67300000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-7900000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-23700000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-13600000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
130900000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83700000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70500000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
318300000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
258500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
267600000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
183100000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
131000000.0 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
107000000.0 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
501400000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
389500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
374500000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
105300000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
81800000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
78600000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
15500000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8400000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.022
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1000000.0 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.003
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-6800000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.013
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-9400000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.024
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
10600000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.028
CY2021 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Amount
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostAmount
-10800000 USD
CY2021 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostPercent
-0.022
CY2020 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Amount
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostAmount
-25300000 USD
CY2020 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostPercent
-0.065
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Amount
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostAmount
-37800000 USD
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Deductible Expense Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationDeductibleExpenseSharebasedCompensationCostPercent
-0.101
CY2021 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Tax Law Changes Amount
EffectiveIncomeTaxRateReconciliationForeignTaxLawChangesAmount
22700000 USD
CY2021 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Tax Law Changes Percent
EffectiveIncomeTaxRateReconciliationForeignTaxLawChangesPercent
0.045
CY2020 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Tax Law Changes Amount
EffectiveIncomeTaxRateReconciliationForeignTaxLawChangesAmount
-100000 USD
CY2020 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Tax Law Changes Percent
EffectiveIncomeTaxRateReconciliationForeignTaxLawChangesPercent
0
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Tax Law Changes Amount
EffectiveIncomeTaxRateReconciliationForeignTaxLawChangesAmount
-6500000 USD
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Tax Law Changes Percent
EffectiveIncomeTaxRateReconciliationForeignTaxLawChangesPercent
-0.017
CY2021 ck0001552033 Effective Income Tax Rate Reconciliation Uncertain Tax Positions Amount
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsAmount
4600000 USD
CY2021 ck0001552033 Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
0.009
CY2020 ck0001552033 Effective Income Tax Rate Reconciliation Uncertain Tax Positions Amount
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsAmount
8300000 USD
CY2020 ck0001552033 Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
0.021
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Uncertain Tax Positions Amount
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsAmount
1900000 USD
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
0.005
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
5000000.0 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.010
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-8300000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.021
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
800000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.002
CY2021 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Withholding Taxes Amount
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxesAmount
6500000 USD
CY2021 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Withholding Taxes Percent
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxesPercent
0.013
CY2020 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Withholding Taxes Amount
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxesAmount
5200000 USD
CY2020 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Withholding Taxes Percent
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxesPercent
0.013
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Withholding Taxes Amount
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxesAmount
12400000 USD
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Foreign Withholding Taxes Percent
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxesPercent
0.033
CY2021 ck0001552033 Income Tax Reconciliation Dividendsand Tax Credits Foreign Amount
IncomeTaxReconciliationDividendsandTaxCreditsForeignAmount
15100000 USD
CY2021 ck0001552033 Effective Income Tax Rate Reconciliation Dividendand Tax Credits Foreign Percent
EffectiveIncomeTaxRateReconciliationDividendandTaxCreditsForeignPercent
-0.030
CY2020 ck0001552033 Income Tax Reconciliation Dividendsand Tax Credits Foreign Amount
IncomeTaxReconciliationDividendsandTaxCreditsForeignAmount
-4900000 USD
CY2020 ck0001552033 Effective Income Tax Rate Reconciliation Dividendand Tax Credits Foreign Percent
EffectiveIncomeTaxRateReconciliationDividendandTaxCreditsForeignPercent
0.012
CY2019 ck0001552033 Income Tax Reconciliation Dividendsand Tax Credits Foreign Amount
IncomeTaxReconciliationDividendsandTaxCreditsForeignAmount
-12000000.0 USD
CY2019 ck0001552033 Effective Income Tax Rate Reconciliation Dividendand Tax Credits Foreign Percent
EffectiveIncomeTaxRateReconciliationDividendandTaxCreditsForeignPercent
0.032
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
6400000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.013
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
4400000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.011
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2900000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.008
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
20000000.0 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.040
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2600000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.007
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
5700000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.015
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
400000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
3300000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.009
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-1700000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
130900000 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.261
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83700000 USD
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70500000 USD
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.188
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.261
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.188
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
16800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
18500000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
22500000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
15100000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
13200000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
13500000 USD
CY2021Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
5600000 USD
CY2020Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
22200000 USD
CY2021 ck0001552033 Foreigncreditcarryforwardexpirationperiod
Foreigncreditcarryforwardexpirationperiod
P9Y
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
169000000.0 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
130100000 USD
CY2021Q4 ck0001552033 Deferred Tax Asset Leases
DeferredTaxAssetLeases
41500000 USD
CY2020Q4 ck0001552033 Deferred Tax Asset Leases
DeferredTaxAssetLeases
17500000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
38400000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
16900000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
307000000.0 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
233800000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
70800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
65700000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
236200000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
168000000.0 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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Contingencies<div style="margin-top:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Legal and Regulatory Matters</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 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="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In view of the inherent unpredictability of legal 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 legal and regulatory matters or the eventual loss, fines, penalties or, if any, that may result. We establish reserves for legal and regulatory matters when those matters present loss contingencies that are both probable and can be reasonably estimated. However, for certain of the matters, 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. The actual costs of resolving legal and regulatory matters, however, may 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. We accrue amounts for certain legal and regulatory matters for which losses were considered to be probable of occurring based on our best estimate of the most likely outcome. It is reasonably possible actual losses could be significantly different from our current estimates. In addition, there are some matters for which it is reasonably possible that a loss will occur, however we cannot estimate a range of the potential losses for these matters. Legal fees incurred in connection with ongoing litigation are considered a period cost and are expensed as incurred.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2021 and 2020, we accrued $85.6 million and $76.0 million, 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="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Ramirez v. Trans Union LLC</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Ramirez v. Trans Union LLC</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (“Ramirez” or the “Ramirez Litigation”) filed in 2012, the plaintiff alleged that the OFAC Alert service did not comply with the Cortez ruling and that we willfully violated the Fair Credit Reporting Act (“FCRA”) by continuing to offer the OFAC Alert service. The plaintiff also alleged that there are one or more classes of individuals who should be entitled to statutory damages based on the allegedly willful violations. In July 2014, the trial Court in Ramirez certified a class of 8,185 individuals solely for purposes of statutory damages if TransUnion was ultimately found to have willfully violated the FCRA. </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 21, 2017, the jury in Ramirez returned a verdict in favor of a class of 8,185 individuals and awarded punitive and statutory damages totaling approximately $60 million. 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.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We appealed the Ramirez ruling to the United States Court of Appeals for the Ninth Circuit and on February 27, 2020, the Ninth Circuit affirmed in part and reversed and vacated in part the trial court’s judgment, holding that the punitive damages award was excessive in violation of constitutional due process. On April 8, 2020, the Ninth Circuit denied our petition for rehearing </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">en banc, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and on September 2, 2020, we filed a Petition for </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Certiorari </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">with the United States Supreme Court. On December 16, 2020, the United States Supreme Court granted the Petition for </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Certiorari</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> with respect to whether Article III of the United States Constitution or Rule 23 of the Federal Rules of Civil Procedure permit a damages class action where the vast majority of the class suffered no actual injury, let alone an injury anything like what the class representative suffered.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 25, 2021, the United States Supreme Court’s decision reversed the Ninth Circuit opinion, and remanded the matter back to the lower courts for further proceedings consistent with its opinion. The United States Supreme Court’s opinion held that only plaintiffs who have suffered a concrete harm by a defendant’s statutory violation have Article III standing to seek damages against defendants in Federal court. Based on the ruling, only approximately 23% of the class was determined to have suffered concrete harm. </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 24, 2022, we reached a tentative class settlement with the plaintiffs, which will require court approval.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We expect this matter to be resolved by the end of 2022.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accordingly, in 2021, we revised the amount of the probable loss that we previously estimated, resulting in a reduction of our estimated liability and partially offsetting insurance receivable, and a corresponding net reduction recorded in selling, general and administrative expense for the year end December 31, 2021.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">CFPB Matter</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June 2021, we received a Notice and Opportunity to Respond and Advise (“NORA”) letter from the Consumer Financial Protection Bureau (“CFPB”), informing us that the CFPB’s Enforcement Division is considering whether to recommend that the CFPB take legal action</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> against us and certain of our executive officers. The NORA letter alleged that we failed to comply with and timely implement a Consent Order issued by the CFPB in January 2017, and further alleged additional violations related to Consumer Interactive’s marketing practices. On September 27, 2021, the Enforcement Division advised us that it had obtained authority to pursue an enforcement action. We are currently engaged in active settlement discussions with the CFPB regarding this matter. If our ongoing discussions do not result in a negotiated resolution, we expect that the CFPB will pursue litigation against the Company and these executive officers, seeking restitution, civil money penalties, and injunctive relief. We continue to believe that our marketing practices are lawful and appropriate, and would vigorously defend against allegations to the contrary in such proceedings. We cannot provide assurance that the CFPB will not ultimately commence litigation against us in this matter, nor are we able to predict the likely outcome of this mat</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ter. </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2021, we have an accrued liability of $26.5 million in connection with this matter and there is a reasonable possibility that a loss in excess of the amount accrued may be incurred, and such an outcome could have a material adverse effect on our results of operations and financial condition. However, any possible loss or range of loss in excess of the amount accrued is not reasonably estimable at this time.</span></div>
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