2021 Q4 Form 10-K Financial Statement

#000143774922004083 Filed on February 22, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $766.0M $759.0M $747.5M
YoY Change 7.37% 8.01% 10.12%
Cost Of Revenue $265.2M $265.3M $264.9M
YoY Change 1.8% 10.54% 12.34%
Gross Profit $500.8M $493.7M $482.6M
YoY Change 10.58% 6.7% 8.94%
Gross Profit Margin 65.38% 65.05% 64.56%
Selling, General & Admin $76.40M $115.1M $111.4M
YoY Change -29.97% 19.4% 15.56%
% of Gross Profit 15.26% 23.31% 23.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $96.60M $52.10M $53.30M
YoY Change 3.65% 5.47% 16.12%
% of Gross Profit 19.29% 10.55% 11.04%
Operating Expenses $307.0M $115.1M $111.4M
YoY Change 51.75% 19.4% 15.56%
Operating Profit $193.8M $288.9M $267.4M
YoY Change -22.67% 4.9% 2.96%
Interest Expense -$29.60M $29.90M $31.50M
YoY Change -14.45% -15.3% -7.89%
% of Operating Profit -15.27% 10.35% 11.78%
Other Income/Expense, Net -$29.80M -$32.00M
YoY Change -15.82% -8.31%
Pretax Income $164.2M $259.1M $235.4M
YoY Change -23.98% 7.96% 4.72%
Income Tax $22.40M $54.20M $83.80M
% Of Pretax Income 13.64% 20.92% 35.6%
Net Earnings $142.1M $201.7M $154.0M
YoY Change -19.35% 8.56% -13.97%
Net Earnings / Revenue 18.55% 26.57% 20.6%
Basic Earnings Per Share $1.25 $0.95
Diluted Earnings Per Share $871.4K $1.24 $0.94
COMMON SHARES
Basic Shares Outstanding 161.2M 161.4M 162.0M
Diluted Shares Outstanding 162.8M 163.0M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $280.3M $302.1M $276.3M
YoY Change 28.11% 36.2% -10.7%
Cash & Equivalents $280.3M $302.1M $276.3M
Short-Term Investments
Other Short-Term Assets $36.70M $40.10M $45.40M
YoY Change 0.82% 10.77% 36.75%
Inventory
Prepaid Expenses $102.6M $102.9M $98.80M
Receivables $446.3M $468.0M $467.4M
Other Receivables $36.70M $21.00M $30.80M
Total Short-Term Assets $902.6M $934.1M $918.7M
YoY Change 13.65% 16.81% 4.55%
LONG-TERM ASSETS
Property, Plant & Equipment $658.2M $674.6M $657.6M
YoY Change 4.1% 11.25% 17.41%
Goodwill $4.331B $4.130B $4.169B
YoY Change 5.43% 5.21% 11.35%
Intangibles $1.226B $1.265B $1.319B
YoY Change -11.47% -3.87% 4.33%
Long-Term Investments $54.60M
YoY Change
Other Assets $430.5M $392.7M $382.9M
YoY Change 17.72% 20.83% 23.8%
Total Long-Term Assets $6.906B $6.728B $6.795B
YoY Change 2.04% 4.81% 10.86%
TOTAL ASSETS
Total Short-Term Assets $902.6M $934.1M $918.7M
Total Long-Term Assets $6.906B $6.728B $6.795B
Total Assets $7.808B $7.663B $7.714B
YoY Change 3.26% 6.13% 10.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $320.7M $440.0M $386.9M
YoY Change -21.15% 19.14% 20.01%
Accrued Expenses $41.20M $41.30M $38.80M
YoY Change 6.46% 5.36% 2.37%
Deferred Revenue $501.0M $584.4M $655.3M
YoY Change 7.35%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $971.3M $766.6M $403.2M
YoY Change 88.86% 66.51% -10.99%
Total Short-Term Liabilities $1.843B $1.843B $1.494B
YoY Change 28.82% 29.53% 0.24%
LONG-TERM LIABILITIES
Long-Term Debt $2.343B $2.343B $2.700B
YoY Change -13.22% -13.18% 0.36%
Other Long-Term Liabilities $54.40M $48.70M $51.20M
YoY Change -15.92% -27.42% -10.18%
Total Long-Term Liabilities $54.40M $48.70M $51.20M
YoY Change -15.92% -27.42% -10.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.843B $1.843B $1.494B
Total Long-Term Liabilities $54.40M $48.70M $51.20M
Total Liabilities $4.966B $4.929B $4.943B
YoY Change 2.1% 2.72% 2.31%
SHAREHOLDERS EQUITY
Retained Earnings $5.240B $5.146B $4.991B
YoY Change 10.04% 11.13% 11.19%
Common Stock $2.609B $2.568B $2.535B
YoY Change 4.73% 4.17% 4.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.638B $4.570B $4.424B
YoY Change 10.98% 10.58% 8.2%
Treasury Stock Shares $382.4M $382.6M $382.1M
Shareholders Equity $2.817B $2.714B $2.754B
YoY Change
Total Liabilities & Shareholders Equity $7.808B $7.663B $7.714B
YoY Change 3.26% 6.13% 10.07%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $142.1M $201.7M $154.0M
YoY Change -19.35% 8.56% -13.97%
Depreciation, Depletion And Amortization $96.60M $52.10M $53.30M
YoY Change 3.65% 5.47% 16.12%
Cash From Operating Activities $188.6M $285.2M $233.2M
YoY Change -24.26% 37.71% -6.53%
INVESTING ACTIVITIES
Capital Expenditures -$85.30M $61.40M $62.50M
YoY Change 17.82% -5.25% 10.23%
Acquisitions $17.90M $17.80M
YoY Change -88.22%
Other Investing Activities -$245.5M $0.00 -$400.0K
YoY Change 54.69% -100.0% -126.67%
Cash From Investing Activities -$330.8M -$87.70M -$99.80M
YoY Change 43.14% -59.95% 71.48%
FINANCING ACTIVITIES
Cash Dividend Paid $46.80M $47.10M
YoY Change 6.61% 7.05%
Common Stock Issuance & Retirement, Net $150.0M $150.0M
YoY Change 200.0% 100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 118.2M -$169.2M -$248.7M
YoY Change -549.43% 121.18% 185.86%
NET CHANGE
Cash From Operating Activities 188.6M $285.2M $233.2M
Cash From Investing Activities -330.8M -$87.70M -$99.80M
Cash From Financing Activities 118.2M -$169.2M -$248.7M
Net Change In Cash -24.00M $25.80M -$114.6M
YoY Change 185.71% -129.45% -209.14%
FREE CASH FLOW
Cash From Operating Activities $188.6M $285.2M $233.2M
Capital Expenditures -$85.30M $61.40M $62.50M
Free Cash Flow $273.9M $223.8M $170.7M
YoY Change -14.78% 57.27% -11.46%

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CY2019 vrsk Operating Lease Obligations Incurred Net Of Terminations
OperatingLeaseObligationsIncurredNetOfTerminations
13700000 USD
CY2021 vrsk Tenant Improvements Included In Operating Lease Rightofuse Assets Net
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0 USD
CY2020 vrsk Tenant Improvements Included In Operating Lease Rightofuse Assets Net
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0 USD
CY2019 vrsk Tenant Improvements Included In Operating Lease Rightofuse Assets Net
TenantImprovementsIncludedInOperatingLeaseRightofuseAssetsNet
1700000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5300000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
800000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1600000 USD
CY2021 vrsk Held For Sale Assets Contributed To Nonpublic Company
HeldForSaleAssetsContributedToNonpublicCompany
0 USD
CY2020 vrsk Held For Sale Assets Contributed To Nonpublic Company
HeldForSaleAssetsContributedToNonpublicCompany
65900000 USD
CY2019 vrsk Held For Sale Assets Contributed To Nonpublic Company
HeldForSaleAssetsContributedToNonpublicCompany
0 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
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468200000 USD
CY2021 vrsk Escrow Release
EscrowRelease
12100000 USD
CY2020 vrsk Escrow Release
EscrowRelease
800000 USD
CY2021Q4 vrsk Current Portion Of Escrow
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10600000 USD
CY2020Q4 vrsk Current Portion Of Escrow
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1500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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104600000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
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86800000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
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73800000 USD
CY2021 us-gaap Research And Development Expense
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49200000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
48900000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
60000000.0 USD
CY2021 us-gaap Advertising Expense
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12000000.0 USD
CY2020 us-gaap Advertising Expense
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8500000 USD
CY2019 us-gaap Advertising Expense
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10700000 USD
CY2021 us-gaap Depreciation And Amortization
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206900000 USD
CY2020 us-gaap Depreciation And Amortization
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192200000 USD
CY2019 us-gaap Depreciation And Amortization
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185700000 USD
CY2021 us-gaap Goodwill Impairment Loss
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0 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
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137500000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
120600000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
100200000 USD
CY2021Q4 us-gaap Accounts Receivable Gross Current
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467600000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
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450100000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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21300000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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17700000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
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446300000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
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432400000 USD
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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21700000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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551800000 USD
CY2021Q4 us-gaap Cash Fdic Insured Amount
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250000.0 USD
CY2021Q4 vrsk Number Of Banks
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15 pure
CY2021Q4 vrsk Cash Balances On Deposit Fdic Insured Amount
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40300000 USD
CY2020Q4 vrsk Cash Balances On Deposit Fdic Insured Amount
CashBalancesOnDepositFdicInsuredAmount
92800000 USD
CY2021Q4 vrsk Cash Deposit With Foreign Banks
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240400000 USD
CY2020Q4 vrsk Cash Deposit With Foreign Banks
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122500000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2998600000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2784600000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2607100000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2998600000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2784600000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2607100000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
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CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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504800000 USD
CY2019Q4 us-gaap Contract With Customer Liability
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443200000 USD
CY2020 vrsk Contract With Customer Liability Revenue Recognized During Period
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2784600000 USD
CY2020 vrsk Contract With Customer Liability Billings
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2809600000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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468200000 USD
CY2021 vrsk Contract With Customer Liability Revenue Recognized During Period
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2998600000 USD
CY2021 vrsk Contract With Customer Liability Billings
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3035200000 USD
CY2021Q4 us-gaap Contract With Customer Liability
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504800000 USD
CY2021 vrsk Revenue Remaining Performance Obligation Current Percentage
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0.97 pure
CY2020 vrsk Revenue Remaining Performance Obligation Current Percentage
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0.99 pure
CY2021 us-gaap Operating Lease Cost
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52500000 USD
CY2020 us-gaap Operating Lease Cost
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52200000 USD
CY2021 us-gaap Sublease Income
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1700000 USD
CY2020 us-gaap Sublease Income
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300000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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13900000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
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13400000 USD
CY2021 us-gaap Finance Lease Interest Expense
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800000 USD
CY2020 us-gaap Finance Lease Interest Expense
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700000 USD
CY2021 us-gaap Lease Cost
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65500000 USD
CY2020 us-gaap Lease Cost
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66000000.0 USD
CY2021 us-gaap Operating Lease Payments
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51300000 USD
CY2020 us-gaap Operating Lease Payments
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52000000.0 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
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800000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
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700000 USD
CY2021 us-gaap Finance Lease Principal Payments
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18200000 USD
CY2020 us-gaap Finance Lease Principal Payments
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14400000 USD
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59400000 USD
CY2020Q4 vrsk Unamortized Costs Capitalized
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53500000 USD
CY2021Q4 us-gaap Escrow Deposit
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4700000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y6M
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P9Y3M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P2Y2M12D
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0.038 pure
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.039 pure
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.038 pure
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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51500000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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13000000.0 USD
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48900000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
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1300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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40000000.0 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
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400000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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35400000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
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100000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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30300000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
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145800000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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351900000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
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14800000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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56000000.0 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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1500000 USD
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295900000 USD
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972900000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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658200000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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837000000.0 USD
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CY2020Q4 us-gaap Escrow Deposit
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18500000 USD
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Current
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CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Current
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CY2021 us-gaap Asset Impairment Charges
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134000000.0 USD
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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88200000 USD
CY2021 us-gaap Tangible Asset Impairment Charges
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45800000 USD
CY2019Q4 us-gaap Goodwill
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171700000 USD
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
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CY2020 vrsk Goodwill Reclassification Adjustments
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1900000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
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74300000 USD
CY2020Q4 us-gaap Goodwill
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4108100000 USD
CY2021 us-gaap Goodwill Acquired During Period
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257100000 USD
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
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CY2021 vrsk Goodwill Reclassification Adjustments
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CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2021Q4 us-gaap Goodwill
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2355100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1129200000 USD
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1225900000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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2345100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
960300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1384800000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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176700000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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165900000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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138000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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170600000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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155800000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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133800000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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109300000 USD
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1225900000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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805300000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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834000000.0 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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553900000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
70100000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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63500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
14500000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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875400000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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897500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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568400000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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116800000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
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111000000.0 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
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109900000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
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21100000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
23100000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
21400000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
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21400000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
18900000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
14600000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
159300000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
153000000.0 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
145900000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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19800000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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22600000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
11800000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
7400000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
18200000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1800000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-12900000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
49800000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
31800000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-27400000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
209100000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
184800000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
118500000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.028 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.027 pure
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.028 pure
CY2021 vrsk Effective Income Tax Rate Reconciliation Change In Foreign Enacted Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInForeignEnactedTaxRatePercent
0.038 pure
CY2020 vrsk Effective Income Tax Rate Reconciliation Change In Foreign Enacted Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInForeignEnactedTaxRatePercent
0.015 pure
CY2019 vrsk Effective Income Tax Rate Reconciliation Change In Foreign Enacted Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInForeignEnactedTaxRatePercent
0 pure
CY2021 vrsk Effective Income Tax Rate Reconciliation Tax Expense Benefit Foreign Derived Rate Change Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitForeignDerivedRateChangePercent
-0.009 pure
CY2020 vrsk Effective Income Tax Rate Reconciliation Tax Expense Benefit Foreign Derived Rate Change Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitForeignDerivedRateChangePercent
-0.008 pure
CY2019 vrsk Effective Income Tax Rate Reconciliation Tax Expense Benefit Foreign Derived Rate Change Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitForeignDerivedRateChangePercent
-0.012 pure
CY2021 vrsk Effective Income Tax Rate Reconciliation Tax Expense Benefit Global Intangible Lowtaxed Income Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitGlobalIntangibleLowtaxedIncomePercent
0.015 pure
CY2020 vrsk Effective Income Tax Rate Reconciliation Tax Expense Benefit Global Intangible Lowtaxed Income Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitGlobalIntangibleLowtaxedIncomePercent
0 pure
CY2019 vrsk Effective Income Tax Rate Reconciliation Tax Expense Benefit Global Intangible Lowtaxed Income Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitGlobalIntangibleLowtaxedIncomePercent
0 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.033 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.037 pure
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.030 pure
CY2021 vrsk Effective Income Tax Rate Reconciliation Earnouts Percent
EffectiveIncomeTaxRateReconciliationEarnoutsPercent
0 pure
CY2020 vrsk Effective Income Tax Rate Reconciliation Earnouts Percent
EffectiveIncomeTaxRateReconciliationEarnoutsPercent
0 pure
CY2019 vrsk Effective Income Tax Rate Reconciliation Earnouts Percent
EffectiveIncomeTaxRateReconciliationEarnoutsPercent
0.020 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.010 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001 pure
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.007 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.239 pure
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.206 pure
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.209 pure
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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49000000.0 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
56700000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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10500000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
10300000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
18000000.0 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
22700000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
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31300000 USD
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1893506
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P4Y4M24D
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
25.87
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
24.13
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
2459929
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
17.41
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
920398
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
24.13
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
947708
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
17.29
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
175660
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
17.77
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
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2256959
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20.17
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936843
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25.87
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942049
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
18.30
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
134140
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
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22.40
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
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2117613
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750822
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35.15
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
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825850
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21.62
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
149079
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
27.54
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
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1893506
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
28.49
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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35900000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
42900000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
23200000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
55700000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47600000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
42700000 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P6Y
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y9M18D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y8M12D
CY2021Q4 vrsk Unrecognized Compensation Cost Related To Nonvested Share Based Compensation Arrangements
UnrecognizedCompensationCostRelatedToNonvestedShareBasedCompensationArrangements
88000000.0 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y3M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate
0.200 pure
CY2021 vrsk Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Short Term Incentive Compensation Available For Payroll Deductions Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfShortTermIncentiveCompensationAvailableForPayrollDeductionsMaximum
0.500 pure
CY2021Q4 vrsk Share Based Compensation Arrangement By Share Based Payment Award Payroll Deductions Amount Maximum
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25000.0 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
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0.050 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.050 pure
CY2021 us-gaap Defined Benefit Plan Prescription Drug Benefit Accumulated Postretirement Benefit Obligation Decrease For Subsidy
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800000 USD
CY2021 us-gaap Prescription Drug Benefit Effect Of Subsidy On Net Periodic Postretirement Benefit Cost1
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75800 USD
CY2020 us-gaap Prescription Drug Benefit Effect Of Subsidy On Net Periodic Postretirement Benefit Cost1
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58200 USD
CY2019 us-gaap Prescription Drug Benefit Effect Of Subsidy On Net Periodic Postretirement Benefit Cost1
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48500 USD
CY2021Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
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CY2021Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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1.000 pure
CY2020Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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1.000 pure
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555700000 USD
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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531300000 USD
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2607100000 USD
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603500000 USD
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CY2019 us-gaap Other Operating Income Expense Net
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1900000 USD
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-2400000 USD
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-1700000 USD
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1386000000.0 USD
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1393800000 USD
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1018900000 USD
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206900000 USD
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192200000 USD
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185700000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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176700000 USD
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165900000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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138000000.0 USD
CY2021 us-gaap Interest Expense
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127000000.0 USD
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CY2019 us-gaap Interest Expense
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126800000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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875400000 USD
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897500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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568400000 USD
CY2021Q4 us-gaap Noncurrent Assets
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6905500000 USD
CY2020Q4 us-gaap Noncurrent Assets
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6767600000 USD
CY2021 us-gaap Related Party Transaction Amounts Of Transaction
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0 USD
CY2021Q4 vrsk Percentage Of Ownership On Outstanding Common Stock Required To Become Related Party
PercentageOfOwnershipOnOutstandingCommonStockRequiredToBecomeRelatedParty
0.05 pure
CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD

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