Fidelity National Financial (FNF) 10-Q 3 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 31, 2016
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	Fidelity National Financial, Inc.
Entity Central Index Key	1,331,875
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
FNF Group Segment
Entity Common Stock, Shares Outstanding		271,950,614
FNF Ventures Segment
Entity Common Stock, Shares Outstanding		66,606,822

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Investments:
Fixed maturity securities available for sale, at fair value, at September 30, 2016 and December 31, 2015 includes pledged fixed maturity securities of $332 and $342, respectively, related to secured trust deposits	$ 2,476	$ 2,558
Investments in unconsolidated affiliates	620	521
Other long-term investments	103	106
Short-term investments, at September 30, 2016 and December 31, 2015 includes short-term investments of $193 and $266, respectively, related to secured trust deposits	523	1,034
Total investments	4,475	4,853
Cash and cash equivalents, at September 30, 2016 and December 31, 2015 includes $412 and $108, respectively, of pledged cash related to secured trust deposits	1,061	780
Trade and notes receivables, net of allowance of $42 and $32, at September 30, 2016 and December 31, 2015, respectively	547	496
Goodwill	5,047	4,760
Prepaid expenses and other assets	649	615
Capitalized software, net	582	553
Other intangible assets, net	1,020	969
Title plants	395	395
Property and equipment, net	610	510
Total assets	14,386	13,931
Liabilities:
Accounts payable and accrued liabilities	1,306	1,283
Notes payable	2,754	2,793
Reserve for title claim losses	1,602	1,583
Secured trust deposits	922	701
Income taxes payable	73	45
Deferred tax liability	621	594
Total liabilities	7,278	6,999
Redeemable non-controlling interest by 21% minority holder of ServiceLink Holdings, LLC	344	344
Equity:
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none	0	0
Additional paid-in capital	4,839	4,795
Retained earnings	1,629	1,374
Accumulated other comprehensive earnings (loss)	2	(69)
Less: treasury stock, 26,022,663 shares as of September 30, 2016 and 14,977,394 shares as of December 31, 2015, at cost	(595)	(346)
Total Fidelity National Financial, Inc. shareholders’ equity	5,875	5,754
Non-controlling interests	889	834
Total equity	6,764	6,588
Total liabilities, redeemable non-controlling interest and equity	14,386	13,931
FNF Group Common Stock
Equity:
Common stock	0	0
FNFV Group Common Stock
Equity:
Common stock	0	0
Preferred stock available for sale
Investments:
Equity securities available for sale, at fair value	321	289
Equity securities available for sale
Investments:
Equity securities available for sale, at fair value	$ 432	$ 345

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Pledged fixed maturity securities	$ 332	$ 342
Short term investments, secured trust deposits	193	266
Pledged cash, secured trust deposits	412	108
Trade and notes receivables, allowance	$ 42	$ 32
Preferred stock par value (in usd per share)	$ 0.0001	$ 0.0001
Preferred stock authorized (in shares)	50,000,000	50,000,000
Preferred stock issued (in shares)	0	0
Preferred stock outstanding (in shares)	0	0
Treasury stock, at cost (in shares)	26,022,663	14,977,394
FNF Group Common Stock
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	487,000,000	487,000,000
Common stock outstanding (in shares)	271,896,091	275,781,160
Common stock issued (in shares)	283,973,901	282,394,970
FNFV Group Common Stock
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	113,000,000	113,000,000
Common stock outstanding (in shares)	66,636,822	72,217,882
Common stock issued (in shares)	80,581,675	80,581,466
ServiceLink Holdings, LLC
Ownership interest	21.00%	21.00%

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Direct title insurance premiums	$ 556	$ 524	$ 1,518	$ 1,488
Agency title insurance premiums	713	647	1,934	1,685
Escrow, title-related and other fees	950	852	2,636	2,517
Restaurant revenue	273	349	858	1,084
Interest and investment income	29	30	96	93
Realized gains and losses, net	(4)	(10)	5	(19)
Total revenues	2,517	2,392	7,047	6,848
Expenses:
Personnel costs	732	680	2,091	1,993
Agent commissions	545	495	1,473	1,279
Other operating expenses	514	476	1,439	1,424
Cost of restaurant revenue	237	302	727	921
Depreciation and amortization	113	102	315	306
Provision for title claim losses	70	65	190	185
Interest expense	35	34	102	97
Total expenses	2,246	2,154	6,337	6,205
Earnings from continuing operations before income taxes and equity in losses of unconsolidated affiliates	271	238	710	643
Income tax expense	95	81	245	219
Earnings from continuing operations before equity in losses of unconsolidated affiliates	176	157	465	424
Equity in losses of unconsolidated affiliates	(7)	(19)	(6)	(16)
Net earnings from continuing operations	169	138	459	408
Less: Net earnings attributable to non-controlling interests	13	6	32	20
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	156	132	427	388
FNF Group Common Stock
Expenses:
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$ 163	$ 150	$ 423	$ 396
Earnings per share
Net earnings (loss) per share, basic (in usd per share)	$ 0.60	$ 0.54	$ 1.56	$ 1.42
Net earnings (loss) per share, diluted (in usd per share)	$ 0.58	$ 0.53	$ 1.51	$ 1.38
Weighted average shares outstanding, basic (in shares)	271	277	272	278
Weighted average shares outstanding, diluted (in shares)	279	285	280	286
Cash dividends paid per share (in usd per share)	$ 0.21	$ 0.21	$ 0.63	$ 0.59
FNFV Group Common Stock
Expenses:
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$ (7)	$ (18)	$ 4	$ (8)
Earnings per share
Net earnings (loss) per share, basic (in usd per share)	$ (0.11)	$ (0.24)	$ 0.06	$ (0.10)
Net earnings (loss) per share, diluted (in usd per share)	$ (0.11)	$ (0.24)	$ 0.06	$ (0.10)
Weighted average shares outstanding, basic (in shares)	66	76	68	81
Weighted average shares outstanding, diluted (in shares)	69	78	70	84

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net earnings		$ 169	$ 138	$ 459	$ 408
Other comprehensive earnings (loss):
Unrealized (loss) gain on investments and other financial instruments, net (excluding investments in unconsolidated affiliates)	[1]	6	(19)	52	(30)
Unrealized (loss) gain on investments in unconsolidated affiliates	[2]	(2)	(19)	13	(24)
Unrealized (loss) gain on foreign currency translation	[3]	1	(2)	6	(9)
Reclassification adjustments for change in unrealized gains and losses included in net earnings	[4]	(2)	0	0	0
Minimum pension liability adjustment	[5]	0	(4)	0	(4)
Other comprehensive earnings (loss)		3	(44)	71	(67)
Comprehensive earnings		172	94	530	341
Less: Comprehensive earnings attributable to non-controlling interests		13	6	32	20
Comprehensive earnings (loss) attributable to Fidelity National Financial Inc. Common Shareholders		159	88	498	321
FNF Group Common Stock
Other comprehensive earnings (loss):
Comprehensive earnings (loss) attributable to Fidelity National Financial Inc. Common Shareholders		169	125	487	357
FNFV Group Common Stock
Other comprehensive earnings (loss):
Comprehensive earnings (loss) attributable to Fidelity National Financial Inc. Common Shareholders		$ (10)	$ (37)	$ 11	$ (32)
[1]	Net of income tax expense (benefit) of $4 million and $(12) million for the three-month periods ended September 30, 2016 and 2015, respectively, and $33 million and $(18) million for the nine-month periods ended September 30, 2016 and 2015, respectively.
[2]	Net of income tax (benefit) expense of $(1) million and $(12) million for the three-month periods ended September 30, 2016 and 2015, respectively, and $8 million and $(15) million for the nine-month periods ended September 30, 2016 and 2015, respectively.
[3]	Net of income tax expense (benefit) of less than $1 million and $(1) million for the three-month periods ended September 30, 2016 and 2015, respectively, and $3 million and $(6) million for the nine-month periods ended September 30, 2016 and 2015, respectively.
[4]	Net of income tax benefit of $1 million for the three-month period ended September 30, 2016.
[5]	Net of income tax benefit of $2 million for the three and nine-month periods ended September 30, 2015.

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Earnings (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Unrealized gain on investments and other financial instruments, tax (benefit) expense	$ 4	$ (12)	$ 33	$ (18)
Unrealized gain on investments in unconsolidated affiliates tax (benefit) expense	(1)	(12)	8	(15)
Unrealized loss (gain) on foreign currency translation, tax (benefit) expense (less than $1 million)	1	(1)	$ 3	(6)
Other comprehensive income (loss), reclassification adjustment, tax (benefit)	$ 1	$ 2		$ 2

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Equity - 9 months ended Sep. 30, 2016 - USD ($) shares in Millions, $ in Millions	Total		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Earnings (Loss)	Treasury Stock	Noncontrolling Interest	FNF Group Common StockCommons Stock	FNFV Group Common StockCommons Stock
Beginning balance (in shares) at Dec. 31, 2015						15		282	81
Beginning Balance at Dec. 31, 2015	$ 6,588		$ 4,795	$ 1,374	$ (69)	$ (346)	$ 834	$ 0	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)								2
Exercise of stock options	16		16
Treasury stock repurchased (in shares)						11
Treasury stock repurchased	(247)					$ (247)
Other comprehensive earnings — unrealized gain (loss) on investments and other financial instruments	51				52		(1)
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates	13	[1]			13
Other comprehensive earnings — unrealized gain on foreign currency translation	6	[2]			6
Stock-based compensation	44		28				16
Shares withheld for taxes and in treasury	(2)					$ (2)
Dividends declared	(172)			(172)
Acquisitions of non-controlling interests	14						14
Subsidiary dividends declared to non-controlling interests	(6)						(6)
Net earnings	459			427			32
Ending balance (in shares) at Sep. 30, 2016						26		284	81
Ending Balance at Sep. 30, 2016	6,764		$ 4,839	$ 1,629	$ 2	$ (595)	$ 889	$ 0	$ 0
Beginning balance at Dec. 31, 2015	344
Ending balance at Sep. 30, 2016	$ 344
[1]	Net of income tax (benefit) expense of $(1) million and $(12) million for the three-month periods ended September 30, 2016 and 2015, respectively, and $8 million and $(15) million for the nine-month periods ended September 30, 2016 and 2015, respectively.
[2]	Net of income tax expense (benefit) of less than $1 million and $(1) million for the three-month periods ended September 30, 2016 and 2015, respectively, and $3 million and $(6) million for the nine-month periods ended September 30, 2016 and 2015, respectively.

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net earnings	$ 459	$ 408
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	315	306
Equity in losses of unconsolidated affiliates	6	16
(Gain) loss on sales of investments and other assets, net	(10)	9
Gain on sale of Cascade Timberlands	0	(12)
Impairment of assets	5	10
Stock-based compensation cost	44	44
Changes in assets and liabilities, net of effects from acquisitions:
Net change in pledged cash, pledged investments, and secured trust deposits	0	(1)
Net increase in trade receivables	(43)	(57)
Net increase in prepaid expenses and other assets	(23)	(67)
Net decrease in accounts payable, accrued liabilities, deferred revenue and other	(33)	(34)
Net increase (decrease) in reserve for title claim losses	19	(16)
Net change in income taxes	6	67
Net cash provided by operating activities	745	673
Cash flows from investing activities:
Proceeds from sales of investment securities available for sale	188	712
Proceeds from calls and maturities of investment securities available for sale	340	245
Proceeds from sales of other assets	0	14
Proceeds from the sale of cost method and other investments	36	0
Additions to property and equipment and capitalized software	(230)	(172)
Purchases of investment securities available for sale	(496)	(936)
Net proceeds from (purchases of) short-term investment securities	438	(309)
Purchases of other long-term investments	0	(22)
Contributions to investments in unconsolidated affiliates	(155)	(78)
Distributions from unconsolidated affiliates	75	175
Net other investing activities	2	(9)
Acquisition of Commissions, Inc., net of cash acquired	(229)	0
Acquisition of eLynx Holdings, Inc., net of cash acquired	(115)	0
Acquisition of BPG Holdings, LLC, net of cash acquired	0	(43)
Proceeds from sale of Cascade Timberlands	0	56
Other acquisitions/disposals of businesses, net of cash acquired	(146)	(55)
Net cash used in investing activities	(292)	(422)
Cash flows from financing activities:
Borrowings	100	1,352
Debt service payments	(158)	(1,325)
Additional investment in non-controlling interest	0	(6)
Proceeds from Black Knight IPO	0	475
Dividends paid	(171)	(164)
Subsidiary dividends paid to non-controlling interest shareholders	(6)	(4)
Exercise of stock options	16	19
Equity and debt issuance costs	0	(1)
Distributions by Black Knight to member	0	(17)
Payment of contingent consideration for prior period acquisitions	(4)	0
Payment for withholding taxes on stock-based compensation for shares withheld from participants and in treasury	(2)	0
Purchases of treasury stock	(251)	(374)
Net cash used in financing activities	(476)	(45)
Net (decrease) increase in cash and cash equivalents, excluding pledged cash related to secured trust deposits	(23)	206
Cash and cash equivalents, excluding pledged cash related to secured trust deposits at beginning of period	672	564
Cash and cash equivalents, excluding pledged cash related to secured trust deposits at end of period	649	770
Supplemental cash flow information:
Income taxes paid, net	236	148
Interest paid	$ 92	$ 92

Basis of Financial Statements

Basis of Financial Statements	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation, Presentation of Financial Statements, Discontinued Operations and Disposal Groups [Abstract]
Basis of Financial Statements	Basis of Financial Statements The unaudited financial information in this report includes the accounts of Fidelity National Financial, Inc. and its subsidiaries (collectively, “we,” “us,” “our,” or “FNF”) prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and the instructions to Form 10-Q and Article 10 of Regulation S-X. All adjustments considered necessary for a fair presentation have been included. All adjustments made were of a normal, recurring nature. This report should be read in conjunction with our Annual Report on Form 10-K (our "Annual Report") for the year ended December 31, 2015 . Certain reclassifications have been made in the 2015 Condensed Consolidated Financial Statements to conform to classifications used in 2016. Description of the Business We have organized our business into two groups, FNF Group and FNF Ventures ("FNFV"). Through FNF Group, we are a leading provider of (i) title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty insurance and (ii) technology and transaction services to the real estate and mortgage industries. FNF is the nation’s largest title insurance company operating through its title insurance underwriters - Fidelity National Title Insurance Company, Chicago Title Insurance Company, Commonwealth Land Title Insurance Company, Alamo Title Insurance and National Title Insurance of New York Inc. - which collectively issue more title insurance policies than any other title company in the United States. Through our subsidiary ServiceLink Holdings, LLC ("ServiceLink"), we provide mortgage transaction services including title-related services and facilitation of production and management of mortgage loans. FNF also provides industry-leading mortgage technology solutions, including MSP®, the leading residential mortgage servicing technology platform in the U.S., through its majority-owned subsidiary, Black Knight Financial Services, Inc. ("Black Knight"). Through our FNFV group, we own majority and minority equity investment stakes in a number of entities, including American Blue Ribbon Holdings, LLC ("ABRH"), Ceridian HCM, Inc. ("Ceridian"), and Digital Insurance, Inc. ("Digital Insurance"). As of September 30, 2016 , we had the following reporting segments: FNF Group • Title. This segment consists of the operations of our title insurance underwriters and related businesses. This segment provides core title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty insurance. This segment also includes our transaction services business, which includes other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default. • Black Knight. This segment consists of the operations of Black Knight, which, through leading software systems and information solutions, provides mission critical technology and data and analytics services that facilitate and automate many of the business processes across the life cycle of a mortgage. • FNF Group Corporate and Other. This segment consists of the operations of the parent holding company, certain other unallocated corporate overhead expenses, and other real estate and insurance-related operations. FNFV • Restaurant Group. This segment consists of the operations of ABRH, in which we hold a 55% ownership interest. ABRH and its affiliates are the owners and operators of the O'Charley's, Ninety Nine Restaurants, Village Inn, Bakers Square, and Legendary Baking restaurant and food service concepts. This segment also included the results of operations of J. Alexander's, Inc. ("J. Alexander's") through the date it was distributed to FNFV shareholders, September 28, 2015, and the Max & Erma's concept, which was sold pursuant to an Asset Purchase Agreement on January 25, 2016. • FNFV Corporate and Other. This segment primarily consists of our share in the operations of certain equity investments, including Ceridian, as well as consolidated investments, including Digital Insurance, in which we own 96% , and other smaller operations which are not title-related. Recent Developments On August 23, 2016, FNF Group completed its acquisition of Commissions, Inc. ("CINC"), a leading provider of web-based real estate marketing and customer relationship management software for elite Realtors® and agent teams across North America, for $229 million . CINC’s product offerings include software, marketing and services designed to enhance the productivity and sales results of elite Realtors® and agent teams through lead generation and proactive lead management. See Note B for further discussion. During the second quarter of 2016 we invested $30 million in CF Corporation (“CF Corp”, NYSE: CFCOU), a blank check company co-founded by William P. Foley, the Chairman of our Board of Directors. Mr. Foley also serves as the Co-Executive Chairman of CF Corp. As of September 30, 2016, our investment in CF Corp has a fair value of $31 million and is included in Equity securities available for sale on the corresponding Condensed Consolidated Balance Sheet. On May 16, 2016, Black Knight completed its acquisition of eLynx Holdings, Inc. ("eLynx"), a leading lending document and data delivery platform, for $115 million . eLynx helps clients in the financial services and real estate industries electronically capture and manage documents and associated data throughout the document lifecycle. This acquisition positions Black Knight to electronically support the full mortgage origination process. See Note B for further discussion. On May 2, 2016, we purchased certain shares of common and preferred stock of Ceridian Holding, LLC, the ultimate parent of Ceridian, from third-party minority interest holders for $17 million . As a result of this purchase, our ownership of Ceridian increased from 32% to 33% . On April 29, 2016, pursuant to the terms of a certain “synthetic lease” agreement, dated as of June 29, 2004, as amended on June 27, 2011, and further described under Off-Balance Sheet Arrangements in Item 2 of Part I of this Quarterly Report, we exercised our option to purchase the land and various real property improvements associated with our corporate campus and headquarters in Jacksonville, Florida from SunTrust Bank for $71 million . On March 30, 2016, Ceridian HCM Holding, Inc., a wholly-owned subsidiary of Ceridian, completed its offering (the "Offering") of senior convertible preferred shares for aggregate proceeds of $150 million . As part of the Offering, FNF purchased a number of shares equal to its pro-rata ownership in Ceridian for $47 million . FNF's ownership percentage in Ceridian did not change as a result of the transaction. On February 18, 2016 our Board of Directors approved a new FNFV Group three -year stock repurchase program, effective March 1, 2016, under which we may repurchase up to 15 million shares of FNFV Group common stock. Purchases may be made from time to time by us in the open market at prevailing market prices or in privately negotiated transactions through February 28, 2019. Earnings Per Share Basic earnings per share, as presented on the Condensed Consolidated Statement of Earnings, is computed by dividing net earnings available to common shareholders in a given period by the weighted average number of common shares outstanding during such period. In periods when earnings are positive, diluted earnings per share is calculated by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding plus the impact of assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted earnings per share is equal to basic earnings per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain stock options, shares of restricted stock, convertible debt instruments and certain other convertible share based payments which have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported. The net earnings of Black Knight in our calculation of diluted earnings per share is adjusted for dilution related to certain Black Knight restricted stock granted to employees in accordance with ASC 260-10-55-20. We calculate the ratio of the Class B shares we hold to the total weighted average diluted shares of Black Knight outstanding and multiply such ratio by Black Knight's net earnings. The result is used as a substitution for Black Knight's net earnings attributable to FNF included in our consolidated net earnings in the numerator for our diluted earnings per share calculation. As the result had no effect for the three or nine-months ended September 30, 2016, there were no adjustments made to net earnings attributable to FNF in our calculation of diluted earnings per share. There are no adjustments to earnings attributable to FNF in our calculation of basic earnings per share. There are no adjustments made to net earnings attributable to FNFV in our calculation of basic or diluted earnings per share. Options or other instruments which provide the ability to purchase shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share. There were 2 million antidilutive options outstanding during both the three and nine-months ended September 30, 2016 . There were no antidilutive options outstanding during the three or nine-month periods ended September 30, 2015 . Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) . This ASU provides a new comprehensive revenue recognition model that requires companies to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update permits the use of either the retrospective or cumulative effect transition method. ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations was issued by FASB in March 2016 to clarify the principal versus agent considerations within ASU 2014-09. ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing was issued by the FASB in April 2016 to clarify how to determine whether goods and services are separately identifiable and thus accounted for as separate performance obligations. ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued by the FASB in May 2016 to clarify certain terms from the aforementioned updates and to add practical expedients for contracts at various stages of completion. We are evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting. Upon issuance of ASU 2015-14, the effective date of ASU 2014-09 was deferred to annual and interim periods beginning on or after December 15, 2017. In February 2015, the FASB issued ASU No. 2015-02 Consolidation (Topic 810): Amendments to the Consolidation Analysis . This ASU changes the way reporting enterprises evaluate whether (a) they should consolidate limited partnerships and similar entities, (b) fees paid to a decision maker or service provider are variable interests in a variable interest entity (VIE), and (c) variable interests in a VIE held by related parties of the reporting enterprise require the reporting enterprise to consolidate the VIE. The ASU eliminates the ASU 2010-10 deferral of the ASU 2009-17 VIE consolidation requirements for certain investment companies and similar entities. In addition, the ASU excludes money market funds that are required to comply with Rule 2a-7 of the Investment Company Act of 1940, as amended, or that operate under requirements similar to those in Rule 2a-7 from the GAAP consolidation requirements. The ASU also significantly changes how to evaluate voting rights for entities that are not similar to limited partnerships when determining whether the entity is a VIE, which may affect entities for which the decision making rights are conveyed though a contractual arrangement. The update allows for the application of the amendments using a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption or retrospective application for prior periods. This update is effective for annual and interim periods beginning on or after December 15, 2015. We adopted the update as of March 31, 2016. The update did not have a material effect on our financial position or results of operations. In October 2016, the FASB issued ASU No. 2016-17 Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control, which clarified certain aspects of assessing a VIE for consolidation as a decision maker when related party interests exist. This update is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. As we have already adopted ASU 2015-02, the ASU requires that adjustments resulting from adoption, if any, be applied retrospectively to all relevant prior periods presented beginning with the fiscal year in which the amendments in ASU 2015-02 initially were applied. The update will not have a material effect on our financial position or results of operations and no adjustments were made to prior periods. In May 2015, the FASB issued ASU No. 2015-09 Financial Services - Insurance (Topic 944): Disclosures about Short-Duration Contracts . The amendments in this ASU require insurance entities to disclose for annual reporting periods additional information about the liability for unpaid claims and claim adjustment expenses related to short-duration contracts. The amendments also require insurance entities to disclose information about significant changes in methodologies and assumptions used to calculate the liability for unpaid claims and claim adjustment expenses. This update is effective for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016, with early application permitted. This update will not have a significant effect on our ongoing financial reporting as our primary insurance products are not short-duration contracts. Except for certain disclosure requirements, the Company does not expect the adoption of this guidance to impact its condensed consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16 Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . The amendments in this ASU require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The acquirer will be required to record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. Entities will also be required to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments in this ASU are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The ASU requires the prospective application of the amendments for adjustments to provisional amounts that occur after its effective date. We adopted the update as of March 31, 2016. The update did not have a material effect on our financial position or results of operations. In January 2016, the FASB issued ASU No. 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The primary amendments required by the ASU include: requiring equity investments with readily determinable fair values to be measured at fair value through net income rather than through other comprehensive income; allowing entities with equity investments without readily determinable fair values to report the investments at cost, adjusted for changes in observable prices, less impairment; requiring entities that elect the fair value option for financial liabilities to report the change in fair value attributable to instrument-specific credit risk in other comprehensive income; and clarifying that entities should assess the need for a valuation allowance on a deferred tax asset related to available-for-sale debt securities in combination with other deferred tax assets. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires a cumulative-effect adjustment of the balance sheet as of the beginning of the year of adoption. Early adoption of the ASU is not permitted, except for the provision related to financial liabilities for which the fair value option has been elected. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842) . The amendments in this ASU introduce broad changes to the accounting and reporting for leases by lessees. The main provisions of the new standard include: clarifications to the definitions of a lease, components of leases, and criteria for determining lease classification; requiring virtually all leased assets, including operating leases and related liabilities, to be reflected on the lessee's balance sheet; and expanding and adding to the required disclosures for lessees. This update is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the standard is permitted. The ASU requires a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. In March 2016, the FASB issued ASU No. 2016-04 Liabilities - Extinguishment of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products . The primary amendment in this ASU will provide guidance for derecognition of prepaid stored-value product liabilities that meet certain criteria and was designed to alleviate diversity in practice under current GAAP. This update is effective for annual and interim periods beginning after December 15, 2017, including interim periods within those fiscal years. We do not expect this update to have a significant effect on our ongoing financial reporting as we do not have a significant liability for prepaid stored-value products. However, we are still evaluating the totality of the effects the update will have on our consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-07 Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting . The primary amendment in this ASU is to eliminate the requirement to retroactively adopt the equity method of accounting. This update is effective for annual and interim periods beginning after December 15, 2016, including interim periods within those fiscal years. We adopted the update as of March 31, 2016. The update did not have a material effect on our financial position or results of operations. In March 2016, the FASB issued ASU No. 2016-09 Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . This standard makes several modifications to ASC Topic 718 related to the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. ASU No. 2016-09 also clarifies the statement of cash flows presentation for certain components of share-based awards. The standard is effective for interim and annual reporting periods beginning after December 15, 2016, with early adoption permitted. We adopted this ASU as of March 31, 2016. For the three and nine-month periods ended September 30, 2016 we have recorded $3 million and $13 million , respectively, in income tax benefit related to the tax effects associated with the exercise of stock options within Income tax expense on the Condensed Consolidated Statement of Earnings. There was no impact to opening equity for the nine-month period ended September 30, 2016. There was no impact to net earnings for the three or nine-month periods ended September 30, 2015. The Condensed Consolidated Statement of Cash Flows for the nine-month period ended September 30, 2015 has been restated to conform with the current period, which resulted in an increase to both cash flows provided by operations and cash flows used in financing activities of $13 million for the period. We did not change our accounting policy for estimating expected forfeitures of stock compensation. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments . The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of debt securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments . The amendments in this ASU introduce clarifications to the presentation of certain cash receipts and cash payments in the statement of cash flows. The primary updates include additions and clarifications of the classification of cash flows related to certain debt repayment activities, contingent consideration payments related to business combinations, proceeds from insurance policies, distributions from equity method investees, and cash flows related to securitized receivables. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. The ASU requires retrospective application to all prior periods presented upon adoption. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Acquisitions	Acquisitions FNF Group Corporate and Other On August 23, 2016, FNF Group completed its acquisition of Commissions, Inc. ("CINC"), a leading provider of web-based real estate marketing and customer relationship management software for elite Realtors® and agent teams across North America, for $229 million . CINC’s product offerings include software, marketing and services designed to enhance the productivity and sales results of elite Realtors® and agent teams through lead generation and proactive lead management. CINC's financial position and results of operations from the acquisition date are included in our Core Corporate and Other segment. The acquisition does not meet the definition of "significant" pursuant to Article 3 of Regulation S-X (§210.3-05). Further, the results of operations are not material to our financial statements. Further details on the acquisition are discussed below. FNF Group paid total consideration, net of cash received, of $229 million in exchange for 95% of the equity interests of CINC. The total consideration paid was as follows (in millions): Cash paid $ 240 Less: Cash Acquired (11 ) Total net consideration paid $ 229 The purchase price has been initially allocated to CINC's assets acquired and liabilities assumed based on our best estimates of their fair values as of the acquisition date. Goodwill has been recorded based on the amount that the purchase price exceeds the fair value of the net assets acquired. These estimates are preliminary and subject to adjustments as we complete our valuation process with respect to computer software, other intangible assets, accounts payable and accrued liabilities, taxes and goodwill. The following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed as of the acquisition date (in millions): Fair Value Computer software $ 25 Other intangible assets 45 Goodwill 181 Total assets acquired 251 Accounts payable and accrued liabilities 8 Deferred tax liability 3 Total liabilities assumed 11 Non-controlling interests 11 Total liabilities and equity assumed 22 Net assets acquired $ 229 The gross carrying value and weighted average estimated useful lives of Computer software and Other intangible assets acquired in the CINC acquisition consist of the following (dollars in millions): Gross Carrying Value Weighted Average Estimated Useful Life (in years) Computer software $ 25 3 Other intangible assets: Customer relationships 35 10 Trade name 8 10 Non-compete agreements 2 4 Total Other intangible assets 45 Total $ 70 For comparative purposes, selected unaudited pro-forma consolidated results of operations of FNF for the three and nine months ended September 30, 2016 and 2015 are presented below. Pro-forma results presented assume the consolidation of CINC occurred as of the beginning of the 2015 period. Amounts reflect our 95% ownership interest in CINC and are adjusted to exclude costs directly attributable to the acquisition of CINC, including transaction costs. Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 Total revenues $ 2,524 $ 2,400 $ 7,075 $ 6,870 Net earnings attributable to Fidelity National Financial, Inc. common shareholders 159 133 432 390 Black Knight On May 16, 2016, Black Knight completed its acquisition of eLynx, a leading lending document and data delivery platform. eLynx helps clients in the financial services and real estate industries electronically capture and manage documents and associated data throughout the document lifecycle. Black Knight purchased eLynx to augment its origination technologies. This acquisition positions Black Knight to electronically support the full mortgage origination process. The acquisition does not meet the definition of "significant" pursuant to Article 3 of Regulation S-X (§210.3-05). Further, the results of operations are not material to our financial statements. Further details on the acquisition are discussed below. Black Knight paid total consideration, net of cash received, of $115 million for 100% of the equity interests of eLynx. The total consideration paid was as follows (in millions): Cash paid $ 96 Borrowings under revolving line of credit 25 Total cash paid 121 Less: Cash Acquired (6 ) Total net consideration paid $ 115 The fair value of eLynx’s acquired Computer software and Other intangible assets was determined using a preliminary third-party valuation based on significant estimates and assumptions, including Level 3 inputs, which are judgmental in nature. These estimates and assumptions include the projected timing and amount of future cash flows, discount rates reflecting the risk inherent in the future cash flows and future market prices. These estimates are preliminary and subject to adjustments as we complete our valuation process with respect to computer software, other intangible assets, and goodwill. The fair value of the remaining assets acquired and liabilities assumed approximate their carrying values, and therefore, no fair value adjustments are reflected in these amounts. The following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed as of the acquisition date (in millions): Fair Value Trade and notes receivable $ 4 Property and equipment 1 Computer software 14 Other intangible assets 39 Goodwill 61 Total assets acquired 119 Accounts payable and other accrued liabilities 4 Total liabilities assumed 4 Net assets acquired $ 115 The gross carrying value and weighted average estimated useful lives of Computer software, Property and equipment and Other intangible assets acquired in the eLynx acquisition consist of the following (dollars in millions): Gross Carrying Value Weighted Average Estimated Useful Life (in years) Computer software $ 14 5 Property and equipment 1 3 Other intangible assets: Customer relationships 35 10 Trade name 4 10 Total Other intangible assets 39 Total $ 54

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015 , respectively: September 30, 2016 Level 1 Level 2 Level 3 Total (In millions) Fixed maturity securities available for sale: U.S. government and agencies $ — $ 110 $ — $ 110 State and political subdivisions — 617 — 617 Corporate debt securities — 1,571 — 1,571 Mortgage-backed/asset-backed securities — 63 — 63 Foreign government bonds — 115 — 115 Preferred stock available for sale 35 286 — 321 Equity securities available for sale 432 — — 432 Total assets $ 467 $ 2,762 $ — $ 3,229 December 31, 2015 Level 1 Level 2 Level 3 Total (In millions) Fixed maturity securities available for sale: U.S. government and agencies $ — $ 117 $ — $ 117 State and political subdivisions — 768 — 768 Corporate debt securities — 1,495 — 1,495 Mortgage-backed/asset-backed securities — 71 — 71 Foreign government bonds — 107 — 107 Preferred stock available for sale 42 247 — 289 Equity securities available for sale 334 11 — 345 Total assets $ 376 $ 2,816 $ — $ 3,192 Our Level 2 fair value measures for fixed-maturities available for sale are provided by third-party pricing services. We utilize one firm for our taxable bond and preferred stock portfolio and another for our tax-exempt bond portfolio. These pricing services are leading global providers of financial market data, analytics and related services to financial institutions. We rely on one price for each instrument to determine the carrying amount of the assets on our balance sheet. The inputs utilized in these pricing methodologies include observable measures such as benchmark yields, reported trades, broker dealer quotes, issuer spreads, two sided markets, benchmark securities, bids, offers and reference data including market research publications. We review the pricing methodologies for all of our Level 2 securities by obtaining an understanding of the valuation models and assumptions used by the third-party as well as independently comparing the resulting prices to other publicly available measures of fair value and internally developed models. The pricing methodologies used by the relevant third-party pricing services are as follows: • U.S. government and agencies: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers. • State and political subdivisions: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers. Factors considered include relevant trade information, dealer quotes and other relevant market data. • Corporate debt securities: These securities are valued based on dealer quotes and related market trading activity. Factors considered include the bond's yield, its terms and conditions, and any other feature which may influence its risk and thus marketability, as well as relative credit information and relevant sector news. • Mortgage-backed/asset-backed securities: These securities are comprised of agency mortgage-backed securities, collateralized mortgage obligations, and asset-backed securities. They are valued based on available trade information, dealer quotes, cash flows, relevant indices and market data for similar assets in active markets. • Foreign government bonds: These securities are valued based on a discounted cash flow model incorporating observable market inputs such as available broker quotes and yields of comparable securities. • Preferred stocks: Preferred stocks are valued by calculating the appropriate spread over a comparable U.S. Treasury security. Inputs include benchmark quotes and other relevant market data. • Equity securities available for sale: This security is valued using a blending of two models, a discounted cash flow model and a comparable company model utilizing earnings and multiples of similar publicly-traded companies. As of September 30, 2016 and December 31, 2015 we held no assets or liabilities measured at fair value using Level 3 inputs. The carrying amounts of short-term investments, accounts receivable and notes receivable approximate fair value due to their short-term nature. Additional information regarding the fair value of our investment portfolio is included in Note D.

Investments

Investments	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities, and Equity Method Investments [Abstract]
Investments	Investments The carrying amounts and fair values of our available for sale securities at September 30, 2016 and December 31, 2015 are as follows: September 30, 2016 Carrying Cost Unrealized Unrealized Fair Value Basis Gains Losses Value (In millions) Fixed maturity securities available for sale: U.S. government and agencies $ 110 $ 109 $ 1 $ — $ 110 State and political subdivisions 617 601 16 — 617 Corporate debt securities 1,571 1,550 31 (10 ) 1,571 Mortgage-backed/asset-backed securities 63 60 3 — 63 Foreign government bonds 115 118 1 (4 ) 115 Preferred stock available for sale 321 312 10 (1 ) 321 Equity securities available for sale 432 323 115 (6 ) 432 Total $ 3,229 $ 3,073 $ 177 $ (21 ) $ 3,229 December 31, 2015 Carrying Cost Unrealized Unrealized Fair Value Basis Gains Losses Value (In millions) Fixed maturity securities available for sale: U.S. government and agencies $ 117 $ 115 $ 2 $ — $ 117 State and political subdivisions 768 748 20 — 768 Corporate debt securities 1,495 1,509 14 (28 ) 1,495 Mortgage-backed/asset-backed securities 71 68 3 — 71 Foreign government bonds 107 120 — (13 ) 107 Preferred stock available for sale 289 290 5 (6 ) 289 Equity securities available for sale 345 276 81 (12 ) 345 Total $ 3,192 $ 3,126 $ 125 $ (59 ) $ 3,192 The cost basis of fixed maturity securities available for sale includes an adjustment for amortized premium or accreted discount since the date of purchase. The following table presents certain information regarding contractual maturities of our fixed maturity securities at September 30, 2016 : September 30, 2016 Amortized % of Fair % of Maturity Cost Total Value Total (Dollars in millions) One year or less $ 489 20 % $ 490 20 % After one year through five years 1,706 70 1,733 70 After five years through ten years 161 7 167 7 After ten years 22 1 23 1 Mortgage-backed/asset-backed securities 60 2 63 2 Total $ 2,438 100 % $ 2,476 100 % Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Because of the potential for prepayment on mortgage-backed and asset-backed securities, they are not categorized by contractual maturity. Net unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2016 and December 31, 2015 , were as follows (in millions): September 30, 2016 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate debt securities $ 172 $ (1 ) $ 20 $ (9 ) $ 192 $ (10 ) Foreign government bonds 47 (1 ) 20 (3 ) 67 (4 ) Preferred stock available for sale — — 47 (1 ) 47 (1 ) Equity securities available for sale 65 (5 ) 17 (1 ) 82 (6 ) Total temporarily impaired securities $ 284 $ (7 ) $ 104 $ (14 ) $ 388 $ (21 ) December 31, 2015 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate debt securities 747 (24 ) 20 (4 ) 767 (28 ) Foreign government bonds 106 (13 ) — — 106 (13 ) Preferred stock available for sale 140 (4 ) 24 (2 ) 164 (6 ) Equity securities available for sale 92 (12 ) — — 92 (12 ) Total temporarily impaired securities $ 1,085 $ (53 ) $ 44 $ (6 ) $ 1,129 $ (59 ) We recorded $5 million in impairment charges relating to investments during the nine-month period ended September 30, 2016 . The impairment charges related to a fixed maturity security and an investment in an unconsolidated affiliate in which we determined the ability to recover our investment was unlikely. We recorded $2 million in impairment charges relating to investments during the three-month period ended September 30, 2016 related to the aforementioned fixed maturity security. We recorded $9 million in impairment charges on fixed maturity securities during the three and nine-month periods ended September 30, 2015 relating to investments that were determined to be other-than-temporarily impaired. The impairment charges were for fixed maturity securities that we determined the credit risk of the holdings was high and the ability of the issuer to pay the full amount of the principal was unlikely. As of September 30, 2016 we held $1 million in fixed maturity securities for which an other-than-temporary impairment had been previously recognized. As of December 31, 2015, we held $2 million in fixed maturity and equity securities for which an other-than-temporary impairment had been previously recognized. It is possible that future events may lead us to recognize impairment losses related to our investment portfolio and that unanticipated future events may lead us to dispose of certain investment holdings and recognize the effects of any market movements in our condensed consolidated financial statements. The following table presents realized gains and losses on investments and other assets and proceeds from the sale or maturity of investments and other assets for the three and nine -month periods ended September 30, 2016 and 2015 , respectively: Three months ended September 30, 2016 Nine months ended September 30, 2016 Gross Realized Gains Gross Realized Losses Net Realized Gains (Losses) Gross Proceeds from Sale/Maturity Gross Realized Gains Gross Realized Losses Net Realized Gains (Losses) Gross Proceeds from Sale/Maturity (In millions) (In millions) Fixed maturity securities available for sale $ — $ (2 ) $ (2 ) $ 156 $ 3 $ (4 ) $ (1 ) $ 505 Preferred stock available for sale — — — — 1 — 1 9 Equity securities available for sale — — — — — (1 ) (1 ) 1 Investments in unconsolidated affiliates — — (3 ) — Other long-term investments — — 15 36 Other assets (2 ) — (6 ) — Total $ (4 ) $ 156 $ 5 $ 551 Three months ended September 30, 2015 Nine months ended September 30, 2015 Gross Realized Gains Gross Realized Losses Net Realized Gains (Losses) Gross Proceeds from Sale/Maturity Gross Realized Gains Gross Realized Losses Net Realized Gains (Losses) Gross Proceeds from Sale/Maturity (In millions) (In millions) Fixed maturity securities available for sale $ 9 $ (12 ) $ (3 ) $ 375 $ 13 $ (15 ) $ (2 ) $ 899 Preferred stock available for sale — — — 5 — — — — 43 Equity securities available for sale 9 (6 ) 3 20 10 — (8 ) 2 26 Other long-term investments — — — 14 Debt extinguishment costs — — (9 ) — Other assets (10 ) — (10 ) — Total $ (10 ) $ 400 $ (19 ) $ 982 Investments in unconsolidated affiliates are recorded using the equity method of accounting. As of September 30, 2016 and December 31, 2015 , investments in unconsolidated affiliates consisted of the following (dollars in millions): Current Ownership September 30, 2016 December 31, 2015 Ceridian 33 % $ 423 $ 358 Other Various 197 163 Total $ 620 $ 521 In addition to our equity investment in Ceridian, we own certain of their outstanding bonds. Our investment in Ceridian bonds is included in Fixed maturity securities available for sale on the Condensed Consolidated Balance Sheets and had a fair value of $31 million and $23 million as of September 30, 2016 and December 31, 2015 , respectively. We did not purchase or dispose of any Ceridian bonds in the nine-month period ended September 30, 2016 . During the three -month periods ended September 30, 2016 and 2015 , we recorded $ 10 million and $ 21 million , in equity in losses of Ceridian, respectively, and $ 3 million and $2 million in equity in earnings of other unconsolidated affiliates, respectively. During the nine -month periods ended September 30, 2016 and 2015 , we recorded $15 million and $21 million , in equity in losses of Ceridian, respectively, and $9 million and $5 million in equity in earnings of other unconsolidated affiliates, respectively. Summarized financial information for Ceridian for the relevant dates and time periods included in Investments in unconsolidated affiliates and Equity in losses of unconsolidated affiliates in our Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Earnings, respectively, is presented below. September 30, December 31, (In millions) Total current assets before customer funds $ 441 $ 489 Customer funds 3,434 4,333 Goodwill and other intangible assets, net 2,307 2,272 Other assets 90 92 Total assets $ 6,272 $ 7,186 Current liabilities before customer obligations $ 178 $ 267 Customer obligations 3,404 4,312 Long-term obligations, less current portion 1,141 1,143 Other long-term liabilities 285 322 Total liabilities 5,008 6,044 Equity 1,264 1,142 Total liabilities and equity $ 6,272 $ 7,186 Three months ended September 30, 2016 Three months ended September 30, 2015 Nine months ended September 30, 2016 Nine months ended September 30, 2015 (In millions) (In millions) Total revenues $ 170 $ 166 $ 515 $ 509 Loss before income taxes (31 ) (38 ) (71 ) (47 ) Net loss (35 ) (70 ) (59 ) (77 )

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Notes Payable	Notes Payable Notes payable consists of the following: September 30, December 31, (In millions) Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022 $ 397 $ 397 Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018 291 288 Unsecured notes, net of discount, interest payable semi-annually at 6.60%, due May 2017 300 300 Revolving Credit Facility, unsecured, unused portion of $800, due July 2018 with interest payable monthly at LIBOR + 1.45% (4 ) (5 ) Unsecured Black Knight InfoServ notes, including premium, interest payable semi-annually at 5.75%, due April 2023 401 402 Black Knight Term A Facility, due May 2020 with interest currently payable monthly at LIBOR + 2.00% (2.56% at September 30, 2016) 743 771 Black Knight Term B Facility, due May 2022 with interest currently payable quarterly at LIBOR + 3.00% (3.75% at September 30, 2016) 342 343 Black Knight Revolving Credit Facility, unused portion of $350, due May 2020 with interest currently payable monthly at LIBOR + 2.00% (2.56% at September 30, 2016) 46 95 ABRH Term Loan, interest payable monthly at LIBOR + 2.50% (3.02% at September 30, 2016), due August 2019 94 100 Digital Insurance Revolving Credit Facility, unused portion of $48, due March 2020 with interest payable monthly at LIBOR + 2.50% - 3.50% (3.70% at September 30, 2016) 110 99 ABRH Revolving Credit Facility, unused portion of $76, due August 2019 with interest payable monthly at Base Rate + 1.50% (5.00% at September 30, 2016) 8 — Other 26 3 $ 2,754 $ 2,793 At September 30, 2016 , the estimated fair value of our long-term debt was approximately $3,163 million , which was $386 million higher than its carrying value, excluding $23 million of net unamortized debt issuance costs and premium/discount. The carrying values of our ABRH term loan, ABRH revolving credit facility and Digital Insurance revolving credit facility approximate the fair values at September 30, 2016 as they are variable rate instruments with short reset periods which reflect current market rates. The fair value of our unsecured notes payable was $1,775 million as of September 30, 2016 . The fair values of our unsecured notes payable are based on established market prices for the securities on September 30, 2016 and are considered Level 2 financial liabilities. The carrying value of the Black Knight Term A, Term B, and revolving facilities approximate fair value at September 30, 2016 . The revolving credit facilities are considered Level 2 financial liabilities. On May 27, 2015, Black Knight InfoServ, LLC ("BKIS") entered into a credit and guaranty agreement (the “BKIS Credit Agreement”) with an aggregate borrowing capacity of $1.6 billion with JPMorgan Chase Bank, N.A. as administrative agent, the guarantors party thereto, the other agents party thereto and the lenders party thereto. The material terms of the BKIS Credit Agreement are set forth in our Annual Report for the year ended December 31, 2015 and have not been amended since the filing of such Annual Report. As of September 30, 2016 BKIS had aggregate outstanding debt of $1,131 million under the BKIS Credit Agreement, net of debt issuance costs. We hold $49 million of the outstanding Term B notes which eliminate in consolidation. On March 31, 2015, Digital Insurance, entered into a senior secured credit facility (the “Digital Insurance Facility”) with Bank of America, N.A. (“Bank of America”) as administrative agent, JPMorgan Chase Bank, N.A. as syndication agent, and the other financial institutions party thereto. The material terms of the Digital Insurance Facility are set forth in our Annual Report for the year ended December 31, 2015. On March 10, 2016, the Digital Insurance Facility was amended to increase the borrowing capacity from $120 million to $160 million and to add Fifth Third Bank as an additional lender. As of September 30, 2016 , Digital Insurance had outstanding debt of $110 million under the Digital Insurance Facility. On August 19, 2014, ABRH entered into a credit agreement (the “ABRH Credit Facility”) with Wells Fargo Bank, National Association as administrative agent, Swingline Lender and Issuing Lender (the “ABRH Administrative Agent”), Bank of America, N.A. as syndication agent and the other financial institutions party thereto. The ABRH Credit Facility provides for a maximum revolving loan of $ 100 million (the “ABRH Revolver") with a maturity date of August 19, 2019. Additionally, the ABRH Credit Facility provides for a maximum term loan (the "ABRH Term Loan") of $ 110 million with quarterly installment repayments through June 30, 2019 and a maturity date of August 19, 2019 for the outstanding unpaid principal balance and all accrued and unpaid interest. The material terms of the ABRH Credit Facility are set forth in our Annual Report on Form 10-K for the year ended December 31, 2015 and have not been amended since the filing of such Annual Report, except to clarify that a commitment fee is also due thereunder, at a rate per annum equal to between 32.5 and 40 basis points on the average daily unused portion of the commitments under the ABRH Revolver. As of September 30, 2016 , ABRH had $94 million outstanding for the ABRH Term Loan, had $8 million outstanding under the ABRH Revolver, had $ 16 million of outstanding letters of credit and had $ 76 million of remaining borrowing capacity under the ABRH Credit Facility. On January 2, 2014, as a result of our acquisition of Lender Processing Services ("LPS"), FNF acquired $600 million aggregate principal amount of 5.75% Senior Notes due in 2023, initially issued by BKIS on October 12, 2012 (the "Black Knight Senior Notes"). The material terms of the Black Knight Senior Notes are set forth in our Annual Report for the year ended December 31, 2015. On January 16, 2014, we issued an offer to purchase the Black Knight Senior Notes pursuant to the change of control provisions at a purchase price of 101% of the principal amount plus accrued interest to the purchase date. The offer expired on February 18, 2014. As a result of the offer, bondholders tendered $ 5 million in principal of the Black Knight Senior Notes, which were subsequently purchased by us on February 24, 2014. On May 29, 2015, Black Knight completed a redemption of $205 million in aggregate principal of its Black Knight Senior Notes at a price of 105.75% under the note feature allowing redemption using proceeds from an equity offering. On June 25, 2013, FNF entered into an agreement to amend and restate our existing $ 800 million Second Amended and Restated Credit Agreement (the “Existing Credit Agreement”), dated as of April 16, 2012 with Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and the other agents party thereto (the “Revolving Credit Facility”). The material terms of the Revolving Credit Facility are set forth in our Annual Report for the year ended December 31, 2015. As of September 30, 2016 , there was no outstanding balance under the Revolving Credit Facility and $4 million in unamortized debt issuance costs. On August 28, 2012, FNF completed an offering of $ 400 million in aggregate principal amount of 5.50% notes due September 2022 (the "5.50% notes"), pursuant to an effective registration statement previously filed with the SEC. The material terms of the 5.50% notes are set forth in our Annual Report for the year ended December 31, 2015. On August 2, 2011, FNF completed an offering of $ 300 million in aggregate principal amount of 4.25% convertible senior notes due August 2018 (the "Notes") in an offering conducted in accordance with Rule 144A under the Securities Act of 1933, as amended. The material terms of the Notes are set forth in our Annual Report for the year ended December 31, 2015. Beginning October 1, 2013, these notes are convertible under the 130% Sale Price Condition described in our Annual Report. On May 5, 2010, FNF completed an offering of $ 300 million in aggregate principal amount of our 6.60% notes due May 2017 (the "6.60% Notes"), pursuant to an effective registration statement previously filed with the SEC. The material terms of the 6.60% notes are set forth in our Annual Report for the year ended December 31, 2015. Gross principal maturities of notes payable at September 30, 2016 are as follows (in millions): 2016 (remaining) $ 25 2017 372 2018 395 2019 187 2020 666 Thereafter 1,132 $ 2,777

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal and Regulatory Contingencies In the ordinary course of business, we are involved in various pending and threatened litigation matters related to our operations, some of which include claims for punitive or exemplary damages. With respect to our title insurance operations, this customary litigation includes but is not limited to a wide variety of cases arising out of or related to title and escrow claims, for which we make provisions through our loss reserves. Additionally, like other companies, our ordinary course litigation includes a number of class action and purported class action lawsuits, which make allegations related to aspects of our operations. We believe that no actions, other than the matters discussed below, depart from customary litigation incidental to our business. Our Restaurant Group companies are a defendant from time to time in various legal proceedings arising in the ordinary course of business, including claims relating to injury or wrongful death under “dram shop” laws that allow a person to sue us based on any injury caused by an intoxicated person who was wrongfully served alcoholic beverages at one of the restaurants; individual and purported class or collective action claims alleging violation of federal and state employment, franchise and other laws; and claims from guests or employees alleging illness, injury or other food quality, health or operational concerns. Our Restaurant Group companies are also subject to compliance with extensive government laws and regulations related to employment practices and policies and the manufacture, preparation, and sale of food and alcohol. We may also become subject to lawsuits and other proceedings, as well as card network fines and penalties, arising out of the actual or alleged theft of our customers' credit or debit card information. We review lawsuits and other legal and regulatory matters (collectively “legal proceedings”) on an ongoing basis when making accrual and disclosure decisions. When assessing reasonably possible and probable outcomes, management bases its decision on its assessment of the ultimate outcome assuming all appeals have been exhausted. For legal proceedings in which it has been determined that a loss is both probable and reasonably estimable, a liability based on known facts and which represents our best estimate has been recorded. Our accrual for legal and regulatory matters was $64 million as of September 30, 2016 and $75 million as of December 31, 2015 . None of the amounts we have currently recorded are considered to be material to our financial condition individually or in the aggregate. Actual losses may materially differ from the amounts recorded and the ultimate outcome of our pending legal proceedings is generally not yet determinable. While some of these matters could be material to our operating results or cash flows for any particular period if an unfavorable outcome results, at present we do not believe that the ultimate resolution of currently pending legal proceedings, either individually or in the aggregate, will have a material adverse effect on our financial condition. Following a review by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Office of Thrift Supervision (collectively, the “banking agencies”), Lender Processing Services, Inc. (“LPS”) entered into a consent order (the “Order”) dated April 13, 2011 with the banking agencies. The banking agencies’ review of LPS’s services included the services provided by LPS’s default operations to mortgage servicers regulated by the banking agencies, including document execution services. The Order does not make any findings of fact or conclusions of wrongdoing, nor did LPS admit any fault or liability. Under the Order, LPS agreed to further study the issues identified in the review and to enhance LPS’s compliance, internal audit, risk management and board oversight plans with respect to those businesses. LPS also agreed to engage an independent third party to conduct a risk assessment and review of LPS’s default management businesses and the document execution services it provided to mortgage servicers from January 1, 2008 through December 31, 2010. The document execution review by the independent third party has been on indefinite hold since June 30, 2013 while the banking agencies consider what, if any, additional review work they would like the independent third party to undertake. Accordingly, the document execution review has taken and will continue to take longer to complete than the Company originally anticipated. In addition, the LPS default operations that were subject to the Order were contributed to ServiceLink in connection with FNF's acquisition of LPS in January 2014. To the extent such review, once completed, requires additional remediation of mortgage documents or identifies any financial injury from the document execution services LPS provided, ServiceLink (as a result of the contribution of the underlying LPS business) has agreed to implement an appropriate plan to address the issues. The Order contains various deadlines to accomplish the undertakings set forth therein, including the preparation of a remediation plan following the completion of the document execution review. ServiceLink will continue to make periodic reports to the banking agencies on the progress with respect to each of the undertakings in the Order. Although the Order does not include any fine or other monetary penalty, the banking agencies reserved their right to impose civil monetary penalties at any time. Based on discussions with the banking agencies and actions taken by the banking agencies with respect to other companies, the Company believes the likelihood that the banking agencies will assess a civil monetary penalty is both probable and reasonably estimable, and ServiceLink Holdings, LLC has included an estimate of such loss in its accrual for loss contingencies. The banking agencies notified ServiceLink in December 2015 that they wish to discuss terminating the Order through a possible agreed upon civil monetary penalty amount in lieu of requiring any additional document execution review by the independent third party. At this time, the parties have not agreed on a possible civil monetary penalty amount; however, in the quarter ended September 30, 2016, ServiceLink has adjusted the amount accrued in loss contingencies from $55 million to $60 million based on the ongoing discussions. The parties have entered into a tolling agreement to allow the parties to engage in these discussions. This matter is subject to a Cross-Indemnity Agreement dated December 22, 2014, between Black Knight Financial Services, LLC and ServiceLink Holdings, LLC. On December 16, 2013, LPS received notice that Merion Capital, L.P. and Merion Capital II, L.P. (together "Merion Capital") were asserting their appraisal right relative to their ownership of 5,682,276 shares of LPS stock (the “Appraisal Shares”) in connection with the acquisition of LPS by FNF on January 2, 2014. On February 6, 2014, Merion Capital filed an appraisal proceeding, captioned Merion Capital LP and Merion Capital II, LP v. Lender Processing Services, Inc., C.A. No. 9320-VCL, in the Delaware Court of Chancery seeking a judicial determination of the "fair" value of Merion Capital's 5,682,276 shares of LPS common stock under Delaware law, together with statutory interest. We filed an answer to this suit on March 3, 2014. Merion’s expert opined that the consideration should have been $50.46 per share, which was approximately 36 percent higher than the final consideration of $37.14 , and therefore, they are owed an additional $76 million plus statutory interest, which is approximately $13 million as of September 30, 2016. The Company’s position is that the merger consideration paid was fair value, and no additional consideration is owed. A bench trial was held in May 2016, and post-trial arguments were heard on September 21, 2016. We will continue to vigorously defend against the appraisal proceedings, and we do not believe the result will have a material adverse effect on our financial condition. From time to time we receive inquiries and requests for information from state insurance departments, attorneys general and other regulatory agencies about various matters relating to our business. Sometimes these take the form of civil investigative demands or subpoenas. We cooperate with all such inquiries and we have responded to or are currently responding to inquiries from multiple governmental agencies. Also, regulators and courts have been dealing with issues arising from foreclosures and related processes and documentation. Various governmental entities are studying the title insurance product, market, pricing, and business practices, and potential regulatory and legislative changes, which may materially affect our business and operations. From time to time, we are assessed fines for violations of regulations or other matters or enter into settlements with such authorities which may require us to pay fines or claims or take other actions. Operating Leases Future minimum operating lease payments are as follows (in millions): 2016 (remaining) $ 52 2017 197 2018 165 2019 133 2020 100 Thereafter 265 Total future minimum operating lease payments $ 912

Dividends

Dividends	9 Months Ended
	Sep. 30, 2016
Dividends [Abstract]
Dividends	Dividends On November 2, 2016 , our Board of Directors declared cash dividends of $ 0.25 per share, payable on December 30, 2016 , to FNF Group common shareholders of record as of December 16, 2016 .

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information Summarized financial information concerning our reportable segments is shown in the following tables. Prior period segment information has been restated to conform to the current segment presentation. During the fourth quarter of 2015, we determined that Pacific Union International, Inc. ("Pacific Union"), a luxury real estate broker based in California in which we acquired a controlling stake in December 2014, better aligned with the businesses within our FNF Group Corporate and Other segment. Accordingly, Total assets of $42 million and Goodwill of $36 million as of September 30, 2015 ; Other revenues of $57 million , Depreciation and amortization of less than $1 million and Earnings from continuing operations of $3 million for the three months ended September 30, 2015 ; and Other revenues of $137 million , Depreciation and amortization of $2 million , and Earnings from continuing operations of $4 million for the nine months ended September 30, 2015 , which were previously included in the Title segment are now included in the FNF Group Corporate and Other segment in the below tables. As of and for the three months ended September 30, 2016 : Title Black Knight FNF Group Corporate and Other Total FNF Group Restaurant Group FNFV Corporate and Other Total FNFV Total (In millions) Title premiums $ 1,269 $ — $ — $ 1,269 $ — $ — $ — $ 1,269 Other revenues 569 267 68 904 — 46 46 950 Restaurant revenues — — — — 273 — 273 273 Revenues from external customers 1,838 267 68 2,173 273 46 319 2,492 Interest and investment income, including realized gains and losses 27 — (2 ) 25 (1 ) 1 — 25 Total revenues 1,865 267 66 2,198 272 47 319 2,517 Depreciation and amortization 38 57 3 98 11 4 15 113 Interest expense — 16 15 31 2 2 4 35 Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates 263 38 (26 ) 275 (4 ) — (4 ) 271 Income tax expense (benefit) 100 12 (10 ) 102 — (7 ) (7 ) 95 Earnings (loss) from continuing operations, before equity in earnings (loss) of unconsolidated affiliates 163 26 (16 ) 173 (4 ) 7 3 176 Equity in earnings (losses) of unconsolidated affiliates 3 — 1 4 — (11 ) (11 ) (7 ) Earnings (loss) from continuing operations $ 166 $ 26 $ (15 ) $ 177 $ (4 ) $ (4 ) $ (8 ) $ 169 Assets $ 8,812 $ 3,712 $ 477 $ 13,001 $ 482 $ 903 $ 1,385 $ 14,386 Goodwill 2,324 2,304 223 4,851 101 95 196 5,047 As of and for the three months ended September 30, 2015 : Title Black Knight FNF Group Corporate and Other Total FNF Group Restaurant Group FNFV Corporate and Other Total FNFV Total Title premiums $ 1,171 $ — $ — $ 1,171 $ — $ — $ — $ 1,171 Other revenues 537 234 52 823 — 29 29 852 Restaurant revenues — — — — 349 — 349 349 Revenues from external customers 1,708 234 52 1,994 349 29 378 2,372 Interest and investment income, including realized gains and losses 30 — (1 ) 29 (11 ) 2 (9 ) 20 Total revenues 1,738 234 51 2,023 338 31 369 2,392 Depreciation and amortization 36 48 1 85 12 5 17 102 Interest expense — 16 15 31 2 1 3 34 Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates 239 39 (24 ) 254 (13 ) (3 ) (16 ) 238 Income tax expense (benefit) 87 17 (9 ) 95 — (14 ) (14 ) 81 Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates 152 22 (15 ) 159 (13 ) 11 (2 ) 157 Equity in earnings (loss) of unconsolidated affiliates 2 — — 2 — (21 ) (21 ) (19 ) Earnings (loss) from continuing operations $ 154 $ 22 $ (15 ) $ 161 $ (13 ) $ (10 ) $ (23 ) $ 138 Assets $ 8,517 $ 3,682 $ 350 $ 12,549 $ 501 $ 986 $ 1,487 $ 14,036 Goodwill 2,280 2,224 39 4,543 103 85 188 4,731 As of and for the nine months ended September 30, 2016 : Title Black Knight FNF Group Corporate and Other Total FNF Group Restaurant Group FNFV Corporate and Other Total FNFV Total (In millions) Title premiums $ 3,452 $ — $ — $ 3,452 $ — $ — $ — $ 3,452 Other revenues 1,587 765 160 2,512 — 124 124 2,636 Restaurant revenues — — — — 858 — 858 858 Revenues from external customers 5,039 765 160 5,964 858 124 982 6,946 Interest and investment income, including realized gains and losses 95 — (8 ) 87 (4 ) 18 14 101 Total revenues 5,134 765 152 6,051 854 142 996 7,047 Depreciation and amortization 109 154 7 270 31 14 45 315 Interest expense — 48 46 94 4 4 8 102 Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates 665 120 (91 ) 694 2 14 16 710 Income tax expense (benefit) 251 40 (41 ) 250 — (5 ) (5 ) 245 Earnings (loss) from continuing operations, before equity in earnings (loss) of unconsolidated affiliates 414 80 (50 ) 444 2 19 21 465 Equity in earnings (losses) of unconsolidated affiliates 9 — 1 10 — (16 ) (16 ) (6 ) Earnings (loss) from continuing operations $ 423 $ 80 $ (49 ) $ 454 $ 2 $ 3 $ 5 $ 459 Assets $ 8,812 $ 3,712 $ 477 $ 13,001 $ 482 $ 903 $ 1,385 $ 14,386 Goodwill 2,324 2,304 223 4,851 101 95 196 5,047 As of and for the nine months ended September 30, 2015 : Title Black Knight FNF Group Corporate and Other Total FNF Group Restaurant Group FNFV Corporate and Other Total FNFV Total Title premiums $ 3,173 $ — $ — $ 3,173 $ — $ — $ — $ 3,173 Other revenues 1,522 693 130 2,345 — 172 172 2,517 Restaurant revenues — — — — 1,084 — 1,084 1,084 Revenues from external customers 4,695 693 130 5,518 1,084 172 1,256 6,774 Interest and investment income, including realized gains and losses 92 (5 ) (4 ) 83 (11 ) 2 (9 ) 74 Total revenues 4,787 688 126 5,601 1,073 174 1,247 6,848 Depreciation and amortization 108 143 4 255 38 13 51 306 Interest expense — 35 56 91 5 1 6 97 Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates 620 102 (86 ) 636 4 3 7 643 Income tax expense (benefit) 226 17 (6 ) 237 — (18 ) (18 ) 219 Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates 394 85 (80 ) 399 4 21 25 424 Equity in earnings of unconsolidated affiliates 4 — — 4 — (20 ) (20 ) (16 ) Earnings (loss) from continuing operations $ 398 $ 85 $ (80 ) $ 403 $ 4 $ 1 $ 5 $ 408 Assets $ 8,517 $ 3,682 $ 350 $ 12,549 $ 501 $ 986 $ 1,487 $ 14,036 Goodwill 2,280 2,224 39 4,543 103 85 188 4,731 The activities of the reportable segments include the following: FNF Group Title This segment consists of the operations of our title insurance underwriters and related businesses. This segment provides core title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty insurance. This segment also includes our transaction services business, which includes other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default. Black Knight This segment consists of the operations of Black Knight, which, through leading software systems and information solutions, provides mission critical technology and data and analytics services that facilitate and automate many of the business processes across the life cycle of a mortgage. FNF Group Corporate and Other The FNF Group Corporate and Other segment consists of the operations of the parent holding company, certain other unallocated corporate overhead expenses, and other real estate and insurance-related operations. FNFV Restaurant Group This segment consists of the operations of ABRH, in which we hold a 55% ownership interest. ABRH and its affiliates are the owners and operators of the O'Charley's, Ninety Nine Restaurants, Village Inn, Bakers Square, and Legendary Baking restaurant and food service concepts. This segment also included the results of operations of J. Alexander's, Inc. ("J. Alexander's") through the date which it was distributed to FNFV shareholders, September 28, 2015, and the Max & Erma's concept, which was sold pursuant to an Asset Purchase Agreement on January 25, 2016. FNFV Corporate and Other This segment primarily consists of our share in the operations of certain equity investments, including Ceridian, as well as consolidated investments, including Digital Insurance, in which we own 96% , and other smaller operations which are not title-related.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information The following supplemental cash flow information is provided with respect to certain non-cash investing and financing activities. Nine months ended September 30, 2016 2015 Non-cash investing and financing activities: Investing activities: Change in proceeds of sales of investments available for sale receivable in period $ 13 $ (11 ) Change in purchases of investments available for sale payable in period 3 21 Additions to IT hardware financed through a lease (10 ) — Financing activities: Change in treasury stock purchases payable in period $ (4 ) $ 7 Change in dividends payable in period 1 — Borrowings to finance IT hardware additions 10 —

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Goo dwill consists of the following: Title Black Knight FNF Core Corporate and Other Restaurant Group FNFV Corporate and Other Total (In millions) Balance, December 31, 2015 $ 2,303 $ 2,224 $ 45 $ 103 $ 85 $ 4,760 Goodwill acquired during the year (1) 27 80 181 — 10 298 Adjustments to prior year acquisitions (6 ) — (4 ) — — (10 ) Sale of Max & Erma's — — — (2 ) — (2 ) Foreign currency translation adjustments — — 1 — — 1 Balance, September 30, 2016 $ 2,324 $ 2,304 $ 223 $ 101 $ 95 $ 5,047 _____________________________________ (1) See Note B for further discussion of goodwill acquired in the current year.

Basis of Financial Statements (

Basis of Financial Statements (Policies)	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation, Presentation of Financial Statements, Discontinued Operations and Disposal Groups [Abstract]
Basis of Financial Statements	The unaudited financial information in this report includes the accounts of Fidelity National Financial, Inc. and its subsidiaries (collectively, “we,” “us,” “our,” or “FNF”) prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and the instructions to Form 10-Q and Article 10 of Regulation S-X. All adjustments considered necessary for a fair presentation have been included. All adjustments made were of a normal, recurring nature.
Earnings per Share	The net earnings of Black Knight in our calculation of diluted earnings per share is adjusted for dilution related to certain Black Knight restricted stock granted to employees in accordance with ASC 260-10-55-20. We calculate the ratio of the Class B shares we hold to the total weighted average diluted shares of Black Knight outstanding and multiply such ratio by Black Knight's net earnings. The result is used as a substitution for Black Knight's net earnings attributable to FNF included in our consolidated net earnings in the numerator for our diluted earnings per share calculation. As the result had no effect for the three or nine-months ended September 30, 2016, there were no adjustments made to net earnings attributable to FNF in our calculation of diluted earnings per share. There are no adjustments to earnings attributable to FNF in our calculation of basic earnings per share. There are no adjustments made to net earnings attributable to FNFV in our calculation of basic or diluted earnings per share. Options or other instruments which provide the ability to purchase shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) . This ASU provides a new comprehensive revenue recognition model that requires companies to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update permits the use of either the retrospective or cumulative effect transition method. ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations was issued by FASB in March 2016 to clarify the principal versus agent considerations within ASU 2014-09. ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing was issued by the FASB in April 2016 to clarify how to determine whether goods and services are separately identifiable and thus accounted for as separate performance obligations. ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued by the FASB in May 2016 to clarify certain terms from the aforementioned updates and to add practical expedients for contracts at various stages of completion. We are evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting. Upon issuance of ASU 2015-14, the effective date of ASU 2014-09 was deferred to annual and interim periods beginning on or after December 15, 2017. In February 2015, the FASB issued ASU No. 2015-02 Consolidation (Topic 810): Amendments to the Consolidation Analysis . This ASU changes the way reporting enterprises evaluate whether (a) they should consolidate limited partnerships and similar entities, (b) fees paid to a decision maker or service provider are variable interests in a variable interest entity (VIE), and (c) variable interests in a VIE held by related parties of the reporting enterprise require the reporting enterprise to consolidate the VIE. The ASU eliminates the ASU 2010-10 deferral of the ASU 2009-17 VIE consolidation requirements for certain investment companies and similar entities. In addition, the ASU excludes money market funds that are required to comply with Rule 2a-7 of the Investment Company Act of 1940, as amended, or that operate under requirements similar to those in Rule 2a-7 from the GAAP consolidation requirements. The ASU also significantly changes how to evaluate voting rights for entities that are not similar to limited partnerships when determining whether the entity is a VIE, which may affect entities for which the decision making rights are conveyed though a contractual arrangement. The update allows for the application of the amendments using a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption or retrospective application for prior periods. This update is effective for annual and interim periods beginning on or after December 15, 2015. We adopted the update as of March 31, 2016. The update did not have a material effect on our financial position or results of operations. In October 2016, the FASB issued ASU No. 2016-17 Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control, which clarified certain aspects of assessing a VIE for consolidation as a decision maker when related party interests exist. This update is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. As we have already adopted ASU 2015-02, the ASU requires that adjustments resulting from adoption, if any, be applied retrospectively to all relevant prior periods presented beginning with the fiscal year in which the amendments in ASU 2015-02 initially were applied. The update will not have a material effect on our financial position or results of operations and no adjustments were made to prior periods. In May 2015, the FASB issued ASU No. 2015-09 Financial Services - Insurance (Topic 944): Disclosures about Short-Duration Contracts . The amendments in this ASU require insurance entities to disclose for annual reporting periods additional information about the liability for unpaid claims and claim adjustment expenses related to short-duration contracts. The amendments also require insurance entities to disclose information about significant changes in methodologies and assumptions used to calculate the liability for unpaid claims and claim adjustment expenses. This update is effective for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016, with early application permitted. This update will not have a significant effect on our ongoing financial reporting as our primary insurance products are not short-duration contracts. Except for certain disclosure requirements, the Company does not expect the adoption of this guidance to impact its condensed consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16 Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . The amendments in this ASU require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The acquirer will be required to record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. Entities will also be required to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments in this ASU are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The ASU requires the prospective application of the amendments for adjustments to provisional amounts that occur after its effective date. We adopted the update as of March 31, 2016. The update did not have a material effect on our financial position or results of operations. In January 2016, the FASB issued ASU No. 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The primary amendments required by the ASU include: requiring equity investments with readily determinable fair values to be measured at fair value through net income rather than through other comprehensive income; allowing entities with equity investments without readily determinable fair values to report the investments at cost, adjusted for changes in observable prices, less impairment; requiring entities that elect the fair value option for financial liabilities to report the change in fair value attributable to instrument-specific credit risk in other comprehensive income; and clarifying that entities should assess the need for a valuation allowance on a deferred tax asset related to available-for-sale debt securities in combination with other deferred tax assets. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires a cumulative-effect adjustment of the balance sheet as of the beginning of the year of adoption. Early adoption of the ASU is not permitted, except for the provision related to financial liabilities for which the fair value option has been elected. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842) . The amendments in this ASU introduce broad changes to the accounting and reporting for leases by lessees. The main provisions of the new standard include: clarifications to the definitions of a lease, components of leases, and criteria for determining lease classification; requiring virtually all leased assets, including operating leases and related liabilities, to be reflected on the lessee's balance sheet; and expanding and adding to the required disclosures for lessees. This update is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the standard is permitted. The ASU requires a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. In March 2016, the FASB issued ASU No. 2016-04 Liabilities - Extinguishment of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products . The primary amendment in this ASU will provide guidance for derecognition of prepaid stored-value product liabilities that meet certain criteria and was designed to alleviate diversity in practice under current GAAP. This update is effective for annual and interim periods beginning after December 15, 2017, including interim periods within those fiscal years. We do not expect this update to have a significant effect on our ongoing financial reporting as we do not have a significant liability for prepaid stored-value products. However, we are still evaluating the totality of the effects the update will have on our consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-07 Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting . The primary amendment in this ASU is to eliminate the requirement to retroactively adopt the equity method of accounting. This update is effective for annual and interim periods beginning after December 15, 2016, including interim periods within those fiscal years. We adopted the update as of March 31, 2016. The update did not have a material effect on our financial position or results of operations. In March 2016, the FASB issued ASU No. 2016-09 Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . This standard makes several modifications to ASC Topic 718 related to the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. ASU No. 2016-09 also clarifies the statement of cash flows presentation for certain components of share-based awards. The standard is effective for interim and annual reporting periods beginning after December 15, 2016, with early adoption permitted. We adopted this ASU as of March 31, 2016. For the three and nine-month periods ended September 30, 2016 we have recorded $3 million and $13 million , respectively, in income tax benefit related to the tax effects associated with the exercise of stock options within Income tax expense on the Condensed Consolidated Statement of Earnings. There was no impact to opening equity for the nine-month period ended September 30, 2016. There was no impact to net earnings for the three or nine-month periods ended September 30, 2015. The Condensed Consolidated Statement of Cash Flows for the nine-month period ended September 30, 2015 has been restated to conform with the current period, which resulted in an increase to both cash flows provided by operations and cash flows used in financing activities of $13 million for the period. We did not change our accounting policy for estimating expected forfeitures of stock compensation. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments . The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of debt securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments . The amendments in this ASU introduce clarifications to the presentation of certain cash receipts and cash payments in the statement of cash flows. The primary updates include additions and clarifications of the classification of cash flows related to certain debt repayment activities, contingent consideration payments related to business combinations, proceeds from insurance policies, distributions from equity method investees, and cash flows related to securitized receivables. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. The ASU requires retrospective application to all prior periods presented upon adoption. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Schedule of Business Acquisitions by Acquisition, Contingent Consideration	The total consideration paid was as follows (in millions): Cash paid $ 96 Borrowings under revolving line of credit 25 Total cash paid 121 Less: Cash Acquired (6 ) Total net consideration paid $ 115 FNF Group paid total consideration, net of cash received, of $229 million in exchange for 95% of the equity interests of CINC. The total consideration paid was as follows (in millions): Cash paid $ 240 Less: Cash Acquired (11 ) Total net consideration paid $ 229
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The gross carrying value and weighted average estimated useful lives of Computer software and Other intangible assets acquired in the CINC acquisition consist of the following (dollars in millions): Gross Carrying Value Weighted Average Estimated Useful Life (in years) Computer software $ 25 3 Other intangible assets: Customer relationships 35 10 Trade name 8 10 Non-compete agreements 2 4 Total Other intangible assets 45 Total $ 70 The following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed as of the acquisition date (in millions): Fair Value Computer software $ 25 Other intangible assets 45 Goodwill 181 Total assets acquired 251 Accounts payable and accrued liabilities 8 Deferred tax liability 3 Total liabilities assumed 11 Non-controlling interests 11 Total liabilities and equity assumed 22 Net assets acquired $ 229 The following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed as of the acquisition date (in millions): Fair Value Trade and notes receivable $ 4 Property and equipment 1 Computer software 14 Other intangible assets 39 Goodwill 61 Total assets acquired 119 Accounts payable and other accrued liabilities 4 Total liabilities assumed 4 Net assets acquired $ 115 The gross carrying value and weighted average estimated useful lives of Computer software, Property and equipment and Other intangible assets acquired in the eLynx acquisition consist of the following (dollars in millions): Gross Carrying Value Weighted Average Estimated Useful Life (in years) Computer software $ 14 5 Property and equipment 1 3 Other intangible assets: Customer relationships 35 10 Trade name 4 10 Total Other intangible assets 39 Total $ 54
Business Acquisition, Pro Forma Information	For comparative purposes, selected unaudited pro-forma consolidated results of operations of FNF for the three and nine months ended September 30, 2016 and 2015 are presented below. Pro-forma results presented assume the consolidation of CINC occurred as of the beginning of the 2015 period. Amounts reflect our 95% ownership interest in CINC and are adjusted to exclude costs directly attributable to the acquisition of CINC, including transaction costs. Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 Total revenues $ 2,524 $ 2,400 $ 7,075 $ 6,870 Net earnings attributable to Fidelity National Financial, Inc. common shareholders 159 133 432 390

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Assets measured on recurring basis	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015 , respectively: September 30, 2016 Level 1 Level 2 Level 3 Total (In millions) Fixed maturity securities available for sale: U.S. government and agencies $ — $ 110 $ — $ 110 State and political subdivisions — 617 — 617 Corporate debt securities — 1,571 — 1,571 Mortgage-backed/asset-backed securities — 63 — 63 Foreign government bonds — 115 — 115 Preferred stock available for sale 35 286 — 321 Equity securities available for sale 432 — — 432 Total assets $ 467 $ 2,762 $ — $ 3,229 December 31, 2015 Level 1 Level 2 Level 3 Total (In millions) Fixed maturity securities available for sale: U.S. government and agencies $ — $ 117 $ — $ 117 State and political subdivisions — 768 — 768 Corporate debt securities — 1,495 — 1,495 Mortgage-backed/asset-backed securities — 71 — 71 Foreign government bonds — 107 — 107 Preferred stock available for sale 42 247 — 289 Equity securities available for sale 334 11 — 345 Total assets $ 376 $ 2,816 $ — $ 3,192

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities, and Equity Method Investments [Abstract]
Schedule of Available-for-sale Securities	The carrying amounts and fair values of our available for sale securities at September 30, 2016 and December 31, 2015 are as follows: September 30, 2016 Carrying Cost Unrealized Unrealized Fair Value Basis Gains Losses Value (In millions) Fixed maturity securities available for sale: U.S. government and agencies $ 110 $ 109 $ 1 $ — $ 110 State and political subdivisions 617 601 16 — 617 Corporate debt securities 1,571 1,550 31 (10 ) 1,571 Mortgage-backed/asset-backed securities 63 60 3 — 63 Foreign government bonds 115 118 1 (4 ) 115 Preferred stock available for sale 321 312 10 (1 ) 321 Equity securities available for sale 432 323 115 (6 ) 432 Total $ 3,229 $ 3,073 $ 177 $ (21 ) $ 3,229 December 31, 2015 Carrying Cost Unrealized Unrealized Fair Value Basis Gains Losses Value (In millions) Fixed maturity securities available for sale: U.S. government and agencies $ 117 $ 115 $ 2 $ — $ 117 State and political subdivisions 768 748 20 — 768 Corporate debt securities 1,495 1,509 14 (28 ) 1,495 Mortgage-backed/asset-backed securities 71 68 3 — 71 Foreign government bonds 107 120 — (13 ) 107 Preferred stock available for sale 289 290 5 (6 ) 289 Equity securities available for sale 345 276 81 (12 ) 345 Total $ 3,192 $ 3,126 $ 125 $ (59 ) $ 3,192
Investments Classified by Contractual Maturity Date	The following table presents certain information regarding contractual maturities of our fixed maturity securities at September 30, 2016 : September 30, 2016 Amortized % of Fair % of Maturity Cost Total Value Total (Dollars in millions) One year or less $ 489 20 % $ 490 20 % After one year through five years 1,706 70 1,733 70 After five years through ten years 161 7 167 7 After ten years 22 1 23 1 Mortgage-backed/asset-backed securities 60 2 63 2 Total $ 2,438 100 % $ 2,476 100 %
Schedule of Temporary Impairment Losses, Investments	Net unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2016 and December 31, 2015 , were as follows (in millions): September 30, 2016 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate debt securities $ 172 $ (1 ) $ 20 $ (9 ) $ 192 $ (10 ) Foreign government bonds 47 (1 ) 20 (3 ) 67 (4 ) Preferred stock available for sale — — 47 (1 ) 47 (1 ) Equity securities available for sale 65 (5 ) 17 (1 ) 82 (6 ) Total temporarily impaired securities $ 284 $ (7 ) $ 104 $ (14 ) $ 388 $ (21 ) December 31, 2015 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate debt securities 747 (24 ) 20 (4 ) 767 (28 ) Foreign government bonds 106 (13 ) — — 106 (13 ) Preferred stock available for sale 140 (4 ) 24 (2 ) 164 (6 ) Equity securities available for sale 92 (12 ) — — 92 (12 ) Total temporarily impaired securities $ 1,085 $ (53 ) $ 44 $ (6 ) $ 1,129 $ (59 )
Realized Gains and Losses and Proceeds From Sales on Investments and Other Assets	The following table presents realized gains and losses on investments and other assets and proceeds from the sale or maturity of investments and other assets for the three and nine -month periods ended September 30, 2016 and 2015 , respectively: Three months ended September 30, 2016 Nine months ended September 30, 2016 Gross Realized Gains Gross Realized Losses Net Realized Gains (Losses) Gross Proceeds from Sale/Maturity Gross Realized Gains Gross Realized Losses Net Realized Gains (Losses) Gross Proceeds from Sale/Maturity (In millions) (In millions) Fixed maturity securities available for sale $ — $ (2 ) $ (2 ) $ 156 $ 3 $ (4 ) $ (1 ) $ 505 Preferred stock available for sale — — — — 1 — 1 9 Equity securities available for sale — — — — — (1 ) (1 ) 1 Investments in unconsolidated affiliates — — (3 ) — Other long-term investments — — 15 36 Other assets (2 ) — (6 ) — Total $ (4 ) $ 156 $ 5 $ 551 Three months ended September 30, 2015 Nine months ended September 30, 2015 Gross Realized Gains Gross Realized Losses Net Realized Gains (Losses) Gross Proceeds from Sale/Maturity Gross Realized Gains Gross Realized Losses Net Realized Gains (Losses) Gross Proceeds from Sale/Maturity (In millions) (In millions) Fixed maturity securities available for sale $ 9 $ (12 ) $ (3 ) $ 375 $ 13 $ (15 ) $ (2 ) $ 899 Preferred stock available for sale — — — 5 — — — — 43 Equity securities available for sale 9 (6 ) 3 20 10 — (8 ) 2 26 Other long-term investments — — — 14 Debt extinguishment costs — — (9 ) — Other assets (10 ) — (10 ) — Total $ (10 ) $ 400 $ (19 ) $ 982
Schedule of Equity Method Investments	Summarized financial information for Ceridian for the relevant dates and time periods included in Investments in unconsolidated affiliates and Equity in losses of unconsolidated affiliates in our Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Earnings, respectively, is presented below. September 30, December 31, (In millions) Total current assets before customer funds $ 441 $ 489 Customer funds 3,434 4,333 Goodwill and other intangible assets, net 2,307 2,272 Other assets 90 92 Total assets $ 6,272 $ 7,186 Current liabilities before customer obligations $ 178 $ 267 Customer obligations 3,404 4,312 Long-term obligations, less current portion 1,141 1,143 Other long-term liabilities 285 322 Total liabilities 5,008 6,044 Equity 1,264 1,142 Total liabilities and equity $ 6,272 $ 7,186 Three months ended September 30, 2016 Three months ended September 30, 2015 Nine months ended September 30, 2016 Nine months ended September 30, 2015 (In millions) (In millions) Total revenues $ 170 $ 166 $ 515 $ 509 Loss before income taxes (31 ) (38 ) (71 ) (47 ) Net loss (35 ) (70 ) (59 ) (77 ) Investments in unconsolidated affiliates are recorded using the equity method of accounting. As of September 30, 2016 and December 31, 2015 , investments in unconsolidated affiliates consisted of the following (dollars in millions): Current Ownership September 30, 2016 December 31, 2015 Ceridian 33 % $ 423 $ 358 Other Various 197 163 Total $ 620 $ 521

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Notes payable consists of the following: September 30, December 31, (In millions) Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022 $ 397 $ 397 Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018 291 288 Unsecured notes, net of discount, interest payable semi-annually at 6.60%, due May 2017 300 300 Revolving Credit Facility, unsecured, unused portion of $800, due July 2018 with interest payable monthly at LIBOR + 1.45% (4 ) (5 ) Unsecured Black Knight InfoServ notes, including premium, interest payable semi-annually at 5.75%, due April 2023 401 402 Black Knight Term A Facility, due May 2020 with interest currently payable monthly at LIBOR + 2.00% (2.56% at September 30, 2016) 743 771 Black Knight Term B Facility, due May 2022 with interest currently payable quarterly at LIBOR + 3.00% (3.75% at September 30, 2016) 342 343 Black Knight Revolving Credit Facility, unused portion of $350, due May 2020 with interest currently payable monthly at LIBOR + 2.00% (2.56% at September 30, 2016) 46 95 ABRH Term Loan, interest payable monthly at LIBOR + 2.50% (3.02% at September 30, 2016), due August 2019 94 100 Digital Insurance Revolving Credit Facility, unused portion of $48, due March 2020 with interest payable monthly at LIBOR + 2.50% - 3.50% (3.70% at September 30, 2016) 110 99 ABRH Revolving Credit Facility, unused portion of $76, due August 2019 with interest payable monthly at Base Rate + 1.50% (5.00% at September 30, 2016) 8 — Other 26 3 $ 2,754 $ 2,793
Schedule of Maturities of Long-term Debt	Gross principal maturities of notes payable at September 30, 2016 are as follows (in millions): 2016 (remaining) $ 25 2017 372 2018 395 2019 187 2020 666 Thereafter 1,132 $ 2,777

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Operating Lease Payments	Future minimum operating lease payments are as follows (in millions): 2016 (remaining) $ 52 2017 197 2018 165 2019 133 2020 100 Thereafter 265 Total future minimum operating lease payments $ 912

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Information	As of and for the three months ended September 30, 2016 : Title Black Knight FNF Group Corporate and Other Total FNF Group Restaurant Group FNFV Corporate and Other Total FNFV Total (In millions) Title premiums $ 1,269 $ — $ — $ 1,269 $ — $ — $ — $ 1,269 Other revenues 569 267 68 904 — 46 46 950 Restaurant revenues — — — — 273 — 273 273 Revenues from external customers 1,838 267 68 2,173 273 46 319 2,492 Interest and investment income, including realized gains and losses 27 — (2 ) 25 (1 ) 1 — 25 Total revenues 1,865 267 66 2,198 272 47 319 2,517 Depreciation and amortization 38 57 3 98 11 4 15 113 Interest expense — 16 15 31 2 2 4 35 Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates 263 38 (26 ) 275 (4 ) — (4 ) 271 Income tax expense (benefit) 100 12 (10 ) 102 — (7 ) (7 ) 95 Earnings (loss) from continuing operations, before equity in earnings (loss) of unconsolidated affiliates 163 26 (16 ) 173 (4 ) 7 3 176 Equity in earnings (losses) of unconsolidated affiliates 3 — 1 4 — (11 ) (11 ) (7 ) Earnings (loss) from continuing operations $ 166 $ 26 $ (15 ) $ 177 $ (4 ) $ (4 ) $ (8 ) $ 169 Assets $ 8,812 $ 3,712 $ 477 $ 13,001 $ 482 $ 903 $ 1,385 $ 14,386 Goodwill 2,324 2,304 223 4,851 101 95 196 5,047 As of and for the three months ended September 30, 2015 : Title Black Knight FNF Group Corporate and Other Total FNF Group Restaurant Group FNFV Corporate and Other Total FNFV Total Title premiums $ 1,171 $ — $ — $ 1,171 $ — $ — $ — $ 1,171 Other revenues 537 234 52 823 — 29 29 852 Restaurant revenues — — — — 349 — 349 349 Revenues from external customers 1,708 234 52 1,994 349 29 378 2,372 Interest and investment income, including realized gains and losses 30 — (1 ) 29 (11 ) 2 (9 ) 20 Total revenues 1,738 234 51 2,023 338 31 369 2,392 Depreciation and amortization 36 48 1 85 12 5 17 102 Interest expense — 16 15 31 2 1 3 34 Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates 239 39 (24 ) 254 (13 ) (3 ) (16 ) 238 Income tax expense (benefit) 87 17 (9 ) 95 — (14 ) (14 ) 81 Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates 152 22 (15 ) 159 (13 ) 11 (2 ) 157 Equity in earnings (loss) of unconsolidated affiliates 2 — — 2 — (21 ) (21 ) (19 ) Earnings (loss) from continuing operations $ 154 $ 22 $ (15 ) $ 161 $ (13 ) $ (10 ) $ (23 ) $ 138 Assets $ 8,517 $ 3,682 $ 350 $ 12,549 $ 501 $ 986 $ 1,487 $ 14,036 Goodwill 2,280 2,224 39 4,543 103 85 188 4,731 As of and for the nine months ended September 30, 2016 : Title Black Knight FNF Group Corporate and Other Total FNF Group Restaurant Group FNFV Corporate and Other Total FNFV Total (In millions) Title premiums $ 3,452 $ — $ — $ 3,452 $ — $ — $ — $ 3,452 Other revenues 1,587 765 160 2,512 — 124 124 2,636 Restaurant revenues — — — — 858 — 858 858 Revenues from external customers 5,039 765 160 5,964 858 124 982 6,946 Interest and investment income, including realized gains and losses 95 — (8 ) 87 (4 ) 18 14 101 Total revenues 5,134 765 152 6,051 854 142 996 7,047 Depreciation and amortization 109 154 7 270 31 14 45 315 Interest expense — 48 46 94 4 4 8 102 Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates 665 120 (91 ) 694 2 14 16 710 Income tax expense (benefit) 251 40 (41 ) 250 — (5 ) (5 ) 245 Earnings (loss) from continuing operations, before equity in earnings (loss) of unconsolidated affiliates 414 80 (50 ) 444 2 19 21 465 Equity in earnings (losses) of unconsolidated affiliates 9 — 1 10 — (16 ) (16 ) (6 ) Earnings (loss) from continuing operations $ 423 $ 80 $ (49 ) $ 454 $ 2 $ 3 $ 5 $ 459 Assets $ 8,812 $ 3,712 $ 477 $ 13,001 $ 482 $ 903 $ 1,385 $ 14,386 Goodwill 2,324 2,304 223 4,851 101 95 196 5,047 As of and for the nine months ended September 30, 2015 : Title Black Knight FNF Group Corporate and Other Total FNF Group Restaurant Group FNFV Corporate and Other Total FNFV Total Title premiums $ 3,173 $ — $ — $ 3,173 $ — $ — $ — $ 3,173 Other revenues 1,522 693 130 2,345 — 172 172 2,517 Restaurant revenues — — — — 1,084 — 1,084 1,084 Revenues from external customers 4,695 693 130 5,518 1,084 172 1,256 6,774 Interest and investment income, including realized gains and losses 92 (5 ) (4 ) 83 (11 ) 2 (9 ) 74 Total revenues 4,787 688 126 5,601 1,073 174 1,247 6,848 Depreciation and amortization 108 143 4 255 38 13 51 306 Interest expense — 35 56 91 5 1 6 97 Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates 620 102 (86 ) 636 4 3 7 643 Income tax expense (benefit) 226 17 (6 ) 237 — (18 ) (18 ) 219 Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates 394 85 (80 ) 399 4 21 25 424 Equity in earnings of unconsolidated affiliates 4 — — 4 — (20 ) (20 ) (16 ) Earnings (loss) from continuing operations $ 398 $ 85 $ (80 ) $ 403 $ 4 $ 1 $ 5 $ 408 Assets $ 8,517 $ 3,682 $ 350 $ 12,549 $ 501 $ 986 $ 1,487 $ 14,036 Goodwill 2,280 2,224 39 4,543 103 85 188 4,731

Supplemental Cash Flow Inform26

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental cash flow information	The following supplemental cash flow information is provided with respect to certain non-cash investing and financing activities. Nine months ended September 30, 2016 2015 Non-cash investing and financing activities: Investing activities: Change in proceeds of sales of investments available for sale receivable in period $ 13 $ (11 ) Change in purchases of investments available for sale payable in period 3 21 Additions to IT hardware financed through a lease (10 ) — Financing activities: Change in treasury stock purchases payable in period $ (4 ) $ 7 Change in dividends payable in period 1 — Borrowings to finance IT hardware additions 10 —

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goo dwill consists of the following: Title Black Knight FNF Core Corporate and Other Restaurant Group FNFV Corporate and Other Total (In millions) Balance, December 31, 2015 $ 2,303 $ 2,224 $ 45 $ 103 $ 85 $ 4,760 Goodwill acquired during the year (1) 27 80 181 — 10 298 Adjustments to prior year acquisitions (6 ) — (4 ) — — (10 ) Sale of Max & Erma's — — — (2 ) — (2 ) Foreign currency translation adjustments — — 1 — — 1 Balance, September 30, 2016 $ 2,324 $ 2,304 $ 223 $ 101 $ 95 $ 5,047 _____________________________________ (1) See Note B for further discussion of goodwill acquired in the current year.

Basis of Financial Statements -

Basis of Financial Statements - Description of the Business (Details)	9 Months Ended
	Sep. 30, 2016segment
Noncontrolling Interest [Line Items]
Number of operating segments	2
American Blue Ribbon Holdings | FNF Ventures Segment
Noncontrolling Interest [Line Items]
Ownership interest	55.00%
Digital Insurance | FNF Ventures Segment
Noncontrolling Interest [Line Items]
Ownership interest	96.00%

Basis of Financial Statements29

Basis of Financial Statements - Recent Developments (Details) - USD ($) $ in Millions	Aug. 23, 2016	May 16, 2016	May 02, 2016	Apr. 29, 2016	Mar. 30, 2016	Feb. 18, 2016	Jun. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	May 01, 2016	Dec. 31, 2015
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Payments to acquire available-for-sale securities								$ 496	$ 936
Available-for-sale securities								3,229			$ 3,192
Payments to acquire business, net of cash acquired								229	$ 0
Purchase options, land				$ 71
Period of stock repurchase program (in years)						3 years
Stock repurchase program, authorized (in shares)						15,000,000
Black Knight Financial Services, Inc. | eLynx Holdings, Inc.
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Payments to acquire business, net of cash acquired		$ 115
Ceridian HCM Holding, Inc.
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Proceeds from issuance of preferred stock and preference stock					$ 150
CF Corporation
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Payments to acquire available-for-sale securities							$ 30
Available-for-sale securities								$ 31
Ceridian
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Payments to acquire equity method investments			$ 17
Ownership percentage			33.00%					33.00%		32.00%
Payments to acquire interest in subsidiaries and affiliates					$ 47
FNF Group Segment | Commissions, Inc.
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Payments to acquire business, net of cash acquired	$ 229

Basis of Financial Statements30

Basis of Financial Statements - Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Organization, Consolidation, Presentation of Financial Statements, Discontinued Operations and Disposal Groups [Abstract]
Antidilutive options (in shares)	2,000,000	0	2,000,000	0

Basis of Financial Statements31

Basis of Financial Statements - Recent Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015
New Accounting Pronouncement, Early Adoption [Line Items]
Net cash provided by (used in) operating activities		$ 745	$ 673
Net cash provided by (used in) financing activities		(476)	$ (45)
New Accounting Pronouncement, Early Adoption, Effect
New Accounting Pronouncement, Early Adoption [Line Items]
Tax benefit realized from exercise of stock options	$ 3	13
Net cash provided by (used in) operating activities		13
Net cash provided by (used in) financing activities		$ 13

Acquisitions - Consideration P

Acquisitions - Consideration Paid (Details) - USD ($) $ in Millions	Aug. 23, 2016	May 16, 2016	Sep. 30, 2016	Sep. 30, 2015
Business Acquisition [Line Items]
Total net consideration paid			$ 229	$ 0
eLynx Holdings, Inc. | Black Knight Financial Services, Inc.
Business Acquisition [Line Items]
Percentage acquired		100.00%
Cash paid		$ 96
Borrowings under revolving line of credit		25
Total cash paid		121
Less: Cash Acquired		(6)
Total net consideration paid		$ 115
FNF Group Segment | Commissions, Inc.
Business Acquisition [Line Items]
Percentage acquired	95.00%
Cash paid	$ 240
Less: Cash Acquired	(11)
Total net consideration paid	$ 229

Acquisitions - Assets Acquired

Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Sep. 30, 2016	Aug. 23, 2016	May 16, 2016	Dec. 31, 2015	Sep. 30, 2015
Business Acquisition [Line Items]
Goodwill	$ 5,047			$ 4,760	$ 4,731
Commissions, Inc. | FNF Group Segment
Business Acquisition [Line Items]
Other intangible assets		$ 45
Goodwill		181
Total assets acquired		251
Accounts payable and other accrued liabilities		8
Deferred tax liability		3
Total liabilities assumed		11
Non-controlling interests		11
Total liabilities and equity assumed		22
Net assets acquired		229
Commissions, Inc. | FNF Group Segment | Computer Software, Intangible Asset
Business Acquisition [Line Items]
Computer software		$ 25
eLynx Holdings, Inc. | Black Knight Financial Services, Inc.
Business Acquisition [Line Items]
Trade and notes receivable			$ 4
Property and equipment			1
Other intangible assets			39
Goodwill			61
Total assets acquired			119
Accounts payable and other accrued liabilities			4
Total liabilities assumed			4
Net assets acquired			115
eLynx Holdings, Inc. | Computer Software, Intangible Asset | Black Knight Financial Services, Inc.
Business Acquisition [Line Items]
Computer software			$ 14

Acquisitions - Estimated Usefu

Acquisitions - Estimated Useful Lives (Details) - USD ($) $ in Millions	Aug. 23, 2016	May 16, 2016
eLynx Holdings, Inc. | Black Knight Financial Services, Inc.
Property, Plant and Equipment [Line Items]
Property and equipment		$ 1
Total		$ 54
Weighted average estimated useful life, PPE (in years)		3 years
eLynx Holdings, Inc. | Black Knight Financial Services, Inc. | Computer Software, Intangible Asset
Property, Plant and Equipment [Line Items]
Finite-lived intangibles		$ 14
Weighted average estimated useful life, intangible assets (in years)		5 years
eLynx Holdings, Inc. | Black Knight Financial Services, Inc. | Customer Relationships
Property, Plant and Equipment [Line Items]
Finite-lived intangibles		$ 35
Weighted average estimated useful life, intangible assets (in years)		10 years
eLynx Holdings, Inc. | Black Knight Financial Services, Inc. | Trade Names
Property, Plant and Equipment [Line Items]
Finite-lived intangibles		$ 4
Weighted average estimated useful life, intangible assets (in years)		10 years
eLynx Holdings, Inc. | Black Knight Financial Services, Inc. | Other Intangible Assets
Property, Plant and Equipment [Line Items]
Finite-lived intangibles		$ 39
FNF Group Segment | Commissions, Inc.
Property, Plant and Equipment [Line Items]
Total	$ 70
FNF Group Segment | Commissions, Inc. | Computer Software, Intangible Asset
Property, Plant and Equipment [Line Items]
Finite-lived intangibles	$ 25
Weighted average estimated useful life, intangible assets (in years)	3 years
FNF Group Segment | Commissions, Inc. | Customer Relationships
Property, Plant and Equipment [Line Items]
Finite-lived intangibles	$ 35
Weighted average estimated useful life, intangible assets (in years)	10 years
FNF Group Segment | Commissions, Inc. | Trade Names
Property, Plant and Equipment [Line Items]
Finite-lived intangibles	$ 8
Weighted average estimated useful life, intangible assets (in years)	10 years
FNF Group Segment | Commissions, Inc. | Noncompete Agreements
Property, Plant and Equipment [Line Items]
Finite-lived intangibles	$ 2
Weighted average estimated useful life, intangible assets (in years)	4 years
FNF Group Segment | Commissions, Inc. | Other Intangible Assets
Property, Plant and Equipment [Line Items]
Finite-lived intangibles	$ 45

Acquisitions - Pro Forma Inform

Acquisitions - Pro Forma Information (Details) - FNF Group Segment - Commissions, Inc. - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Business Acquisition [Line Items]
Total revenues	$ 2,524	$ 2,400	$ 7,075	$ 6,870
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$ 159	$ 133	$ 432	$ 390

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	$ 2,476,000,000	$ 2,558,000,000
Total assets	3,229,000,000	3,192,000,000
U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	110,000,000	117,000,000
State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	617,000,000	768,000,000
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,571,000,000	1,495,000,000
Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	63,000,000	71,000,000
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	115,000,000	107,000,000
Preferred stock available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities available for sale, at fair value	321,000,000	289,000,000
Equity securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities available for sale, at fair value	432,000,000	345,000,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Liabilities held at fair value	0	0
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	3,229,000,000	3,192,000,000
Fair Value, Measurements, Recurring | U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	110,000,000	117,000,000
Fair Value, Measurements, Recurring | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	617,000,000	768,000,000
Fair Value, Measurements, Recurring | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,571,000,000	1,495,000,000
Fair Value, Measurements, Recurring | Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	63,000,000	71,000,000
Fair Value, Measurements, Recurring | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	115,000,000	107,000,000
Fair Value, Measurements, Recurring | Preferred stock available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities available for sale, at fair value	321,000,000	289,000,000
Fair Value, Measurements, Recurring | Equity securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities available for sale, at fair value	432,000,000	345,000,000
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	467,000,000	376,000,000
Fair Value, Measurements, Recurring | Level 1 | U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Preferred stock available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities available for sale, at fair value	35,000,000	42,000,000
Fair Value, Measurements, Recurring | Level 1 | Equity securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities available for sale, at fair value	432,000,000	334,000,000
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,762,000,000	2,816,000,000
Fair Value, Measurements, Recurring | Level 2 | U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	110,000,000	117,000,000
Fair Value, Measurements, Recurring | Level 2 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	617,000,000	768,000,000
Fair Value, Measurements, Recurring | Level 2 | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,571,000,000	1,495,000,000
Fair Value, Measurements, Recurring | Level 2 | Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	63,000,000	71,000,000
Fair Value, Measurements, Recurring | Level 2 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	115,000,000	107,000,000
Fair Value, Measurements, Recurring | Level 2 | Preferred stock available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities available for sale, at fair value	286,000,000	247,000,000
Fair Value, Measurements, Recurring | Level 2 | Equity securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities available for sale, at fair value	0	11,000,000
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Preferred stock available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities available for sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 3 | Equity securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities available for sale, at fair value	$ 0	$ 0

Investments - Available for Sal

Investments - Available for Sale Securities (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Available-for-sale Debt Securities
Available for sale debt securities	$ 2,476	$ 2,558
Total	2,438
Available-for-sale Securities
Total assets	3,229	3,192
Cost basis	3,073	3,126
Unrealized gains	177	125
Unrealized losses	(21)	(59)
U.S. government and agencies
Available-for-sale Debt Securities
Available for sale debt securities	110	117
Total	109	115
Unrealized gains	1	2
Unrealized losses	0	0
State and political subdivisions
Available-for-sale Debt Securities
Available for sale debt securities	617	768
Total	601	748
Unrealized gains	16	20
Unrealized losses	0	0
Corporate debt securities
Available-for-sale Debt Securities
Available for sale debt securities	1,571	1,495
Total	1,550	1,509
Unrealized gains	31	14
Unrealized losses	(10)	(28)
Mortgage-backed/asset-backed securities
Available-for-sale Debt Securities
Available for sale debt securities	63	71
Total	60	68
Unrealized gains	3	3
Unrealized losses	0	0
Foreign government bonds
Available-for-sale Debt Securities
Available for sale debt securities	115	107
Total	118	120
Unrealized gains	1	0
Unrealized losses	(4)	(13)
Preferred stock available for sale
Available-for-sale Equity Securities
Equity securities available for sale, at fair value	321	289
Cost basis	312	290
Unrealized gains	10	5
Unrealized losses	(1)	(6)
Equity securities available for sale
Available-for-sale Equity Securities
Equity securities available for sale, at fair value	432	345
Cost basis	323	276
Unrealized gains	115	81
Unrealized losses	$ (6)	$ (12)

Investments - Maturity of Fixed

Investments - Maturity of Fixed Maturity Securities (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Amortized Cost
One year or less	$ 489
After one year through five years	1,706
After five years through ten years	161
After ten years	22
Mortgage-backed/asset-backed securities	60
Total	$ 2,438
Amortized Cost, Percent
One year or less	20.00%
After one year through five years	70.00%
After five years through ten years	7.00%
After ten years	1.00%
Mortgage-backed/asset-backed securities	2.00%
Total	100.00%
Fair Value
One year or less	$ 490
After one year through five years	1,733
After five years through ten years	167
After ten years	23
Mortgage-backed/asset-backed securities	63
Total	$ 2,476	$ 2,558
Fair Value, Percent
One year or less	20.00%
After one year through five years	70.00%
After five years through ten years	7.00%
After ten years	1.00%
Mortgage-backed/asset-backed securities	2.00%
Total	100.00%

Investments - Securities in a C

Investments - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Fair Value
Less than 12 Months	$ 284	$ 1,085
12 Months or Longer	104	44
Total	388	1,129
Unrealized Losses
Less than 12 Months	(7)	(53)
12 Months or Longer	(14)	(6)
Total	(21)	(59)
Corporate debt securities
Fair Value
Less than 12 Months	172	747
12 Months or Longer	20	20
Total	192	767
Unrealized Losses
Less than 12 Months	(1)	(24)
12 Months or Longer	(9)	(4)
Total	(10)	(28)
Foreign government bonds
Fair Value
Less than 12 Months	47	106
12 Months or Longer	20	0
Total	67	106
Unrealized Losses
Less than 12 Months	(1)	(13)
12 Months or Longer	(3)	0
Total	(4)	(13)
Preferred stock available for sale
Fair Value
Less than 12 Months	0	140
12 Months or Longer	47	24
Total	47	164
Unrealized Losses
Less than 12 Months	0	(4)
12 Months or Longer	(1)	(2)
Total	(1)	(6)
Equity securities available for sale
Fair Value
Less than 12 Months	65	92
12 Months or Longer	17	0
Total	82	92
Unrealized Losses
Less than 12 Months	(5)	(12)
12 Months or Longer	(1)	0
Total	$ (6)	$ (12)

Investments - Realized Gains an

Investments - Realized Gains and Losses and Proceeds on Investments and Other Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Investments in unconsolidated affiliates
Net Realized Gains (Losses)	$ 0		$ (3)
Gross Proceeds from Sale/Maturity	0		0
Other long-term investments
Net Realized Gains (Losses)	0	$ 0	15	$ 0
Gross Proceeds from Sale/Maturity	0	0	36	14
Debt extinguishment costs		0		(9)
Other assets
Net Realized Gains (Losses)	(2)	(10)	(6)	(10)
Gross Proceeds from Sale/Maturity	0	0	0	0
Total
Net Realized Gains (Losses)	(4)	(10)	5	(19)
Gross Proceeds from Sale/Maturity	156	400	551	982
Fixed maturity securities available for sale
Available-for-sale Securities
Gross Realized Gains	0	9	3	13
Gross Realized Losses	(2)	(12)	(4)	(15)
Net Realized Gains (Losses)	(2)	(3)	(1)	(2)
Gross Proceeds from Sale/Maturity	156	375	505	899
Preferred stock available for sale
Available-for-sale Securities
Gross Realized Gains	0	0	1	0
Gross Realized Losses	0	0	0	0
Net Realized Gains (Losses)	0	0	1	0
Gross Proceeds from Sale/Maturity	0	5	9	43
Equity securities available for sale
Available-for-sale Securities
Gross Realized Gains	0	9	0	10
Gross Realized Losses	0	(6)	(1)	(8)
Net Realized Gains (Losses)	0	3	(1)	2
Gross Proceeds from Sale/Maturity	$ 0	$ 20	$ 1	$ 26

Investments - Investments in Un

Investments - Investments in Unconsolidated Affiliates (Details) - USD ($) $ in Millions	Sep. 30, 2016	May 02, 2016	May 01, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 620			$ 521
Ceridian
Schedule of Equity Method Investments [Line Items]
Current Ownership	33.00%	33.00%	32.00%
Investments in unconsolidated affiliates	$ 423			358
Other
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 197			$ 163

Investments - Textuals (Details

Investments - Textuals (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Impairment losses, investments	$ 2	$ 9	$ 5	$ 9
Amount held in fixed maturity securities for which an other-than-temporary impairment had been previously recognized	1		1		$ 2
Available for sale debt securities	2,476		2,476		2,558
Equity in losses of unconsolidated affiliates	(7)	(19)	(6)	(16)
Corporate debt securities
Schedule of Equity Method Investments [Line Items]
Available for sale debt securities	1,571		1,571		1,495
Ceridian
Schedule of Equity Method Investments [Line Items]
Equity in losses of unconsolidated affiliates	(10)	(21)	(15)	(21)
Ceridian | Corporate debt securities | Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Available for sale debt securities	31		31		$ 23
Other
Schedule of Equity Method Investments [Line Items]
Equity in losses of unconsolidated affiliates	$ 3	$ 2	$ 9	$ 5

Investments - Schedule of Equit

Investments - Schedule of Equity Method Investments - Balance Sheet (Details) - Ceridian - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Total current assets before customer funds	$ 441	$ 489
Customer funds	3,434	4,333
Goodwill and other intangible assets, net	2,307	2,272
Other assets	90	92
Total assets	6,272	7,186
Current liabilities before customer obligations	178	267
Customer obligations	3,404	4,312
Long-term obligations, less current portion	1,141	1,143
Other long-term liabilities	285	322
Total liabilities	5,008	6,044
Equity	1,264	1,142
Total liabilities and equity	$ 6,272	$ 7,186

Investments - Schedule of Equ44

Investments - Schedule of Equity Method Investments - Income Statement (Details) - Ceridian - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Schedule of Equity Method Investments [Line Items]
Total revenues	$ 170	$ 166	$ 515	$ 509
Loss before income taxes	(31)	(38)	(71)	(47)
Net loss	$ (35)	$ (70)	$ (59)	$ (77)

Notes Payable - Schedule of Lon

Notes Payable - Schedule of Long Term Debt (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Jun. 25, 2013	Aug. 28, 2012	Aug. 02, 2011	May 05, 2010
Debt Instrument [Line Items]
Notes payable	$ 2,754,000,000	$ 2,793,000,000
Basis spread on variable rate		1.50%
Other
Debt Instrument [Line Items]
Notes payable	26,000,000	$ 3,000,000
Unsecured notes due September 2022 | Unsecured Notes
Debt Instrument [Line Items]
Notes payable	$ 397,000,000	$ 397,000,000
Stated interest rate	5.50%	5.50%		5.50%
Unsecured convertible notes due August 2018 | Convertible Debt
Debt Instrument [Line Items]
Notes payable	$ 291,000,000	$ 288,000,000
Stated interest rate	4.25%	4.25%			4.25%
Unsecured notes due May 2017 | Unsecured Notes
Debt Instrument [Line Items]
Notes payable	$ 300,000,000	$ 300,000,000
Stated interest rate	6.60%	6.60%				6.60%
Revolving Credit Facility due July 2018 | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Notes payable	$ (4,000,000)	$ (5,000,000)	$ 0
Remaining borrowing capacity	$ 800,000,000
Revolving Credit Facility due July 2018 | Line of Credit | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.45%	1.45%
Unsecured Black Knight InfoServ notes due April 2023 | Unsecured Notes
Debt Instrument [Line Items]
Stated interest rate	5.75%	5.75%
Unsecured Black Knight InfoServ notes due April 2023 | Unsecured Notes | Black Knight Financial Services, Inc.
Debt Instrument [Line Items]
Notes payable	$ 401,000,000	$ 402,000,000
Black Knight Financial Services Credit Agreement | Line of Credit | Black Knight Financial Services, Inc.
Debt Instrument [Line Items]
Notes payable	1,131,000,000
Black Knight Financial Services Credit Agreement | Line of Credit | Revolving Credit Facility | Black Knight Financial Services, Inc.
Debt Instrument [Line Items]
Notes payable	46,000,000	$ 95,000,000
Basis spread on variable rate		2.00%
Remaining borrowing capacity	$ 350,000,000
Black Knight Financial Services Credit Agreement | Line of Credit | Revolving Credit Facility | Black Knight Financial Services, Inc. | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Variable rate long term debt percentage	2.56%
Black Knight Financial Services Credit Agreement | Line of Credit | Term Loan A | Black Knight Financial Services, Inc.
Debt Instrument [Line Items]
Notes payable	$ 743,000,000	$ 771,000,000
Black Knight Financial Services Credit Agreement | Line of Credit | Term Loan A | Black Knight Financial Services, Inc. | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%	2.00%
Variable rate long term debt percentage	2.56%
Black Knight Financial Services Credit Agreement | Line of Credit | Term Loan B | Black Knight Financial Services, Inc.
Debt Instrument [Line Items]
Notes payable	$ 342,000,000	$ 343,000,000
Black Knight Financial Services Credit Agreement | Line of Credit | Term Loan B | Black Knight Financial Services, Inc. | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%	3.00%
Variable rate long term debt percentage	3.75%
American Blue Ribbon Holdings Credit Facility Due August 2019 | Line of Credit | American Blue Ribbon Holdings
Debt Instrument [Line Items]
Remaining borrowing capacity	$ 76,000,000
American Blue Ribbon Holdings Credit Facility Due August 2019 | Line of Credit | Revolving Credit Facility | American Blue Ribbon Holdings
Debt Instrument [Line Items]
Notes payable	8,000,000	$ 0
Remaining borrowing capacity	$ 76,000,000
American Blue Ribbon Holdings Credit Facility Due August 2019 | Line of Credit | Revolving Credit Facility | American Blue Ribbon Holdings | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Variable rate long term debt percentage	5.00%
American Blue Ribbon Holdings Credit Facility Due August 2019 | Line of Credit | Term Loan | American Blue Ribbon Holdings
Debt Instrument [Line Items]
Notes payable	$ 94,000,000	$ 100,000,000
American Blue Ribbon Holdings Credit Facility Due August 2019 | Line of Credit | Term Loan | American Blue Ribbon Holdings | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%	2.50%
Variable rate long term debt percentage	3.02%
Digital Insurance Revolving Credit Facility due March 31, 2020 | Line of Credit | Revolving Credit Facility | Digital Insurance
Debt Instrument [Line Items]
Notes payable	$ 110,000,000	$ 99,000,000
Remaining borrowing capacity	$ 48,000,000
Digital Insurance Revolving Credit Facility due March 31, 2020 | Line of Credit | Revolving Credit Facility | Digital Insurance | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable rate long term debt percentage	3.70%
Digital Insurance Revolving Credit Facility due March 31, 2020 | Line of Credit | Revolving Credit Facility | Digital Insurance | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%	2.50%
Digital Insurance Revolving Credit Facility due March 31, 2020 | Line of Credit | Revolving Credit Facility | Digital Insurance | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%	3.50%

Notes Payable - Long Term Debt

Notes Payable - Long Term Debt Narrative (Details) $ in Millions	Sep. 30, 2016USD ($)
Debt Instrument [Line Items]
Fair value of long term debt	$ 3,163
Excess fair value over carrying value of long-term debt	386
Debt issuance costs, net	23
Level 2 | Unsecured Notes
Debt Instrument [Line Items]
Fair value of long term debt	$ 1,775

Notes Payable - Black Knight Cr

Notes Payable - Black Knight Credit Agreement (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	May 27, 2015
Line of Credit Facility [Line Items]
Outstanding debt	$ 2,754,000,000	$ 2,793,000,000
Line of Credit | Black Knight Financial Services Credit Agreement | Intercompany Eliminations | Term Loan B
Line of Credit Facility [Line Items]
Outstanding debt	49,000,000
Black Knight Financial Services, Inc. | Line of Credit | Black Knight Financial Services Credit Agreement
Line of Credit Facility [Line Items]
Line of credit facility			$ 1,600,000,000
Outstanding debt	1,131,000,000
Black Knight Financial Services, Inc. | Line of Credit | Black Knight Financial Services Credit Agreement | Term Loan B
Line of Credit Facility [Line Items]
Outstanding debt	$ 342,000,000	$ 343,000,000

Notes Payable - Digital Insuran

Notes Payable - Digital Insurance (Details) - USD ($)	Sep. 30, 2016	Mar. 10, 2016	Mar. 09, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Notes payable	$ 2,754,000,000			$ 2,793,000,000
Digital Insurance | Revolving Credit Facility | Line of Credit | Digital Insurance Revolving Credit Facility due March 31, 2020
Debt Instrument [Line Items]
Line of credit facility		$ 160,000,000	$ 120,000,000
Notes payable	$ 110,000,000			$ 99,000,000

Notes Payable - ABRH (Details)

Notes Payable - ABRH (Details) - USD ($)	Aug. 19, 2014	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Notes payable		$ 2,754,000,000	$ 2,793,000,000
American Blue Ribbon Holdings | Line of Credit | American Blue Ribbon Holdings Credit Facility Due August 2019
Debt Instrument [Line Items]
Letters of credit outstanding		16,000,000
Remaining borrowing capacity		76,000,000
American Blue Ribbon Holdings | Revolving Credit Facility | Line of Credit | American Blue Ribbon Holdings Credit Facility Due August 2019
Debt Instrument [Line Items]
Line of credit facility	$ 100,000,000
Notes payable		8,000,000	0
Remaining borrowing capacity		76,000,000
American Blue Ribbon Holdings | Revolving Credit Facility | Line of Credit | American Blue Ribbon Holdings Credit Facility Due August 2019 | Minimum
Debt Instrument [Line Items]
Commitment fee percentage	0.325%
American Blue Ribbon Holdings | Revolving Credit Facility | Line of Credit | American Blue Ribbon Holdings Credit Facility Due August 2019 | Maximum
Debt Instrument [Line Items]
Commitment fee percentage	0.40%
American Blue Ribbon Holdings | Term Loan | Line of Credit | American Blue Ribbon Holdings Credit Facility Due August 2019
Debt Instrument [Line Items]
Line of credit facility	$ 110,000,000
Notes payable		$ 94,000,000	$ 100,000,000

Notes Payable - FNF 5.75% Notes

Notes Payable - FNF 5.75% Notes (Details) - USD ($)	May 29, 2015	Jan. 16, 2014	Sep. 30, 2016	Dec. 31, 2015	Feb. 24, 2014	Jan. 02, 2014
Unsecured Notes | Unsecured Black Knight InfoServ notes due April 2023
Debt Instrument [Line Items]
Stated interest rate			5.75%	5.75%
Percentage price of redemption in the event of a change in control		101.00%
Repayments of notes payable					$ 5,000,000
Senior Notes | Black Knight Financial Services, Inc.
Debt Instrument [Line Items]
Amount of debt repurchased	$ 205,000,000
Percentage price of redemption	105.75%
Lender Processing Services Acquisition | Unsecured Notes | Unsecured Black Knight InfoServ notes due April 2023
Debt Instrument [Line Items]
Amount of debt instrument						$ 600,000,000
Stated interest rate						5.75%

Notes Payable - FNF Revolving C

Notes Payable - FNF Revolving Credit Facility (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Jun. 25, 2013
Debt Instrument [Line Items]
Notes payable	$ 2,754,000,000	$ 2,793,000,000
Revolving Credit Facility | Line of Credit | Revolving Credit Facility due July 2018
Debt Instrument [Line Items]
Line of credit facility			$ 800,000,000
Notes payable	(4,000,000)	$ (5,000,000)	$ 0
Unamortized debt issuance costs	$ 4,000,000

Notes Payable - FNF 5.50% Notes

Notes Payable - FNF 5.50% Notes (Details) - Unsecured Notes - Unsecured notes due September 2022 - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Aug. 28, 2012
Debt Instrument [Line Items]
Amount of debt instrument			$ 400,000,000
Stated interest rate	5.50%	5.50%	5.50%

Notes Payable - 4.25% Notes (De

Notes Payable - 4.25% Notes (Details) - Convertible Debt - Unsecured convertible notes due August 2018 - USD ($)	Oct. 01, 2013	Sep. 30, 2016	Dec. 31, 2015	Aug. 02, 2011
Debt Instrument [Line Items]
Amount of debt instrument				$ 300,000,000
Stated interest rate		4.25%	4.25%	4.25%
If-converted percentage in excess of price	130.00%

Notes Payable - 6.60% Notes (De

Notes Payable - 6.60% Notes (Details) - Unsecured Notes - Unsecured notes due May 2017 - USD ($)	Sep. 30, 2016	Dec. 31, 2015	May 05, 2010
Debt Instrument [Line Items]
Amount of debt instrument			$ 300,000,000
Stated interest rate	6.60%	6.60%	6.60%

Notes Payable - Maturities of L

Notes Payable - Maturities of Long Term Debt (Details) $ in Millions	Sep. 30, 2016USD ($)
Debt Disclosure [Abstract]
2016 (remaining)	$ 25
2,017	372
2,018	395
2,019	187
2,020	666
Thereafter	1,132
Total Long Term Debt	$ 2,777

Commitments and Contingencies56

Commitments and Contingencies (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 16, 2013	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Jan. 02, 2014
Loss Contingencies [Line Items]
Accrual for legal and regulatory matters		$ 64		$ 75
2016 (remaining)		52
2,017		197
2,018		165
2,019		133
2,020		100
Thereafter		265
Total future minimum operating lease payments		912
Merion Capital LP and Merion Capital II, LP v. Lender Processing Services, Inc., C.A. No. 9320-VCL
Loss Contingencies [Line Items]
Share price opined by plaintiff (in usd per share)	$ 50.46
Percent difference in business acquisition share price	36.00%
Business acquisition, share price (in usd per share)					$ 37.14
Damages sought, value		76
Damages sought, interest		13
ServiceLink Holdings, LLC
Loss Contingencies [Line Items]
Accrual for legal and regulatory matters		$ 60	$ 55
Merion Capital | LPS | Merion Capital LP and Merion Capital II, LP v. Lender Processing Services, Inc., C.A. No. 9320-VCL
Loss Contingencies [Line Items]
Investment owned balance (in shares)	5,682,276

Dividends (Details)

Dividends (Details)	Nov. 02, 2016$ / shares
FNF Group Common Stock | Subsequent Event
Subsequent Event [Line Items]
Common stock dividends declared (in usd per share)	$ 0.25

Segment Information - Additiona

Segment Information - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Assets	$ 14,386	$ 14,036	$ 14,386	$ 14,036	$ 13,931
Goodwill	5,047	4,731	5,047	4,731	4,760
Other revenues	950	852	2,636	2,517
Depreciation and amortization (less than $1 million)			315	306
Income (loss) from continuing operations	176	157	465	424
FNF Group Segment | Operating Segments
Noncontrolling Interest [Line Items]
Assets	13,001	12,549	13,001	12,549
Goodwill	4,851	4,543	4,851	4,543
Other revenues	904	823	2,512	2,345
Income (loss) from continuing operations	$ 173	159	$ 444	399
FNF Ventures Segment | American Blue Ribbon Holdings
Noncontrolling Interest [Line Items]
Ownership interest	55.00%		55.00%
FNF Ventures Segment | Digital Insurance
Noncontrolling Interest [Line Items]
Ownership interest	96.00%		96.00%
FNF Ventures Segment | Operating Segments
Noncontrolling Interest [Line Items]
Assets	$ 1,385	1,487	$ 1,385	1,487
Goodwill	196	188	196	188
Other revenues	46	29	124	172
Income (loss) from continuing operations	3	(2)	21	25
FNF Group Corporate and Other | FNF Group Segment | Operating Segments
Noncontrolling Interest [Line Items]
Assets	477	350	477	350
Goodwill	223	39	223	39	$ 45
Other revenues	68	52	160	130
Income (loss) from continuing operations	$ (16)	(15)	$ (50)	(80)
FNF Group Corporate and Other | Restatement Adjustment | FNF Group Segment | Operating Segments | Pacific Union International, Inc.
Noncontrolling Interest [Line Items]
Assets		42		42
Goodwill		36		36
Other revenues		57		137
Depreciation and amortization (less than $1 million)		1		2
Income (loss) from continuing operations		$ 3		$ 4

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Title premiums	$ 1,269	$ 1,171	$ 3,452	$ 3,173
Other revenues	950	852	2,636	2,517
Restaurant revenue	273	349	858	1,084
Revenues from external customers	2,492	2,372	6,946	6,774
Interest and investment income, including realized gains and losses	25	20	101	74
Total revenues	2,517	2,392	7,047	6,848
Depreciation and amortization	113	102	315	306
Interest expense	35	34	102	97
Earnings from continuing operations before income taxes and equity in losses of unconsolidated affiliates	271	238	710	643
Income tax expense	95	81	245	219
Earnings from continuing operations before equity in losses of unconsolidated affiliates	176	157	465	424
Equity in losses of unconsolidated affiliates	(7)	(19)	(6)	(16)
Net earnings from continuing operations	169	138	459	408
Assets	14,386	14,036	14,386	14,036	$ 13,931
Goodwill	5,047	4,731	5,047	4,731	4,760
Operating Segments | Total FNF Group
Segment Reporting Information [Line Items]
Title premiums	1,269	1,171	3,452	3,173
Other revenues	904	823	2,512	2,345
Restaurant revenue	0	0	0	0
Revenues from external customers	2,173	1,994	5,964	5,518
Interest and investment income, including realized gains and losses	25	29	87	83
Total revenues	2,198	2,023	6,051	5,601
Depreciation and amortization	98	85	270	255
Interest expense	31	31	94	91
Earnings from continuing operations before income taxes and equity in losses of unconsolidated affiliates	275	254	694	636
Income tax expense	102	95	250	237
Earnings from continuing operations before equity in losses of unconsolidated affiliates	173	159	444	399
Equity in losses of unconsolidated affiliates	4	2	10	4
Net earnings from continuing operations	177	161	454	403
Assets	13,001	12,549	13,001	12,549
Goodwill	4,851	4,543	4,851	4,543
Operating Segments | Total FNF Group | Title
Segment Reporting Information [Line Items]
Title premiums	1,269	1,171	3,452	3,173
Other revenues	569	537	1,587	1,522
Restaurant revenue	0	0	0	0
Revenues from external customers	1,838	1,708	5,039	4,695
Interest and investment income, including realized gains and losses	27	30	95	92
Total revenues	1,865	1,738	5,134	4,787
Depreciation and amortization	38	36	109	108
Interest expense	0	0	0	0
Earnings from continuing operations before income taxes and equity in losses of unconsolidated affiliates	263	239	665	620
Income tax expense	100	87	251	226
Earnings from continuing operations before equity in losses of unconsolidated affiliates	163	152	414	394
Equity in losses of unconsolidated affiliates	3	2	9	4
Net earnings from continuing operations	166	154	423	398
Assets	8,812	8,517	8,812	8,517
Goodwill	2,324	2,280	2,324	2,280	2,303
Operating Segments | Total FNF Group | Black Knight
Segment Reporting Information [Line Items]
Title premiums	0	0	0	0
Other revenues	267	234	765	693
Restaurant revenue	0	0	0	0
Revenues from external customers	267	234	765	693
Interest and investment income, including realized gains and losses	0	0	0	(5)
Total revenues	267	234	765	688
Depreciation and amortization	57	48	154	143
Interest expense	16	16	48	35
Earnings from continuing operations before income taxes and equity in losses of unconsolidated affiliates	38	39	120	102
Income tax expense	12	17	40	17
Earnings from continuing operations before equity in losses of unconsolidated affiliates	26	22	80	85
Equity in losses of unconsolidated affiliates	0	0	0	0
Net earnings from continuing operations	26	22	80	85
Assets	3,712	3,682	3,712	3,682
Goodwill	2,304	2,224	2,304	2,224	2,224
Operating Segments | Total FNF Group | FNF Group Corporate and Other
Segment Reporting Information [Line Items]
Title premiums	0	0	0	0
Other revenues	68	52	160	130
Restaurant revenue	0	0	0	0
Revenues from external customers	68	52	160	130
Interest and investment income, including realized gains and losses	(2)	(1)	(8)	(4)
Total revenues	66	51	152	126
Depreciation and amortization	3	1	7	4
Interest expense	15	15	46	56
Earnings from continuing operations before income taxes and equity in losses of unconsolidated affiliates	(26)	(24)	(91)	(86)
Income tax expense	(10)	(9)	(41)	(6)
Earnings from continuing operations before equity in losses of unconsolidated affiliates	(16)	(15)	(50)	(80)
Equity in losses of unconsolidated affiliates	1	0	1	0
Net earnings from continuing operations	(15)	(15)	(49)	(80)
Assets	477	350	477	350
Goodwill	223	39	223	39	45
Operating Segments | Total FNFV
Segment Reporting Information [Line Items]
Title premiums	0	0	0	0
Other revenues	46	29	124	172
Restaurant revenue	273	349	858	1,084
Revenues from external customers	319	378	982	1,256
Interest and investment income, including realized gains and losses	0	(9)	14	(9)
Total revenues	319	369	996	1,247
Depreciation and amortization	15	17	45	51
Interest expense	4	3	8	6
Earnings from continuing operations before income taxes and equity in losses of unconsolidated affiliates	(4)	(16)	16	7
Income tax expense	(7)	(14)	(5)	(18)
Earnings from continuing operations before equity in losses of unconsolidated affiliates	3	(2)	21	25
Equity in losses of unconsolidated affiliates	(11)	(21)	(16)	(20)
Net earnings from continuing operations	(8)	(23)	5	5
Assets	1,385	1,487	1,385	1,487
Goodwill	196	188	196	188
Operating Segments | Total FNFV | Restaurant Group
Segment Reporting Information [Line Items]
Title premiums	0	0	0	0
Other revenues	0	0	0	0
Restaurant revenue	273	349	858	1,084
Revenues from external customers	273	349	858	1,084
Interest and investment income, including realized gains and losses	(1)	(11)	(4)	(11)
Total revenues	272	338	854	1,073
Depreciation and amortization	11	12	31	38
Interest expense	2	2	4	5
Earnings from continuing operations before income taxes and equity in losses of unconsolidated affiliates	(4)	(13)	2	4
Income tax expense	0	0	0	0
Earnings from continuing operations before equity in losses of unconsolidated affiliates	(4)	(13)	2	4
Equity in losses of unconsolidated affiliates	0	0	0	0
Net earnings from continuing operations	(4)	(13)	2	4
Assets	482	501	482	501
Goodwill	101	103	101	103	103
Operating Segments | Total FNFV | FNFV Corporate and Other
Segment Reporting Information [Line Items]
Title premiums	0	0	0	0
Other revenues	46	29	124	172
Restaurant revenue	0	0	0	0
Revenues from external customers	46	29	124	172
Interest and investment income, including realized gains and losses	1	2	18	2
Total revenues	47	31	142	174
Depreciation and amortization	4	5	14	13
Interest expense	2	1	4	1
Earnings from continuing operations before income taxes and equity in losses of unconsolidated affiliates	0	(3)	14	3
Income tax expense	(7)	(14)	(5)	(18)
Earnings from continuing operations before equity in losses of unconsolidated affiliates	7	11	19	21
Equity in losses of unconsolidated affiliates	(11)	(21)	(16)	(20)
Net earnings from continuing operations	(4)	(10)	3	1
Assets	903	986	903	986
Goodwill	$ 95	$ 85	$ 95	$ 85	$ 85

Supplemental Cash Flow Inform60

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$ 13	$ (11)
Change in purchases of investments available for sale payable in period	3	21
Additions to IT hardware financed through a lease	(10)	0
Financing activities:
Change in treasury stock purchases payable in period	(4)	7
Change in dividends payable in period	1	0
Borrowings to finance IT hardware additions	$ 10	$ 0

Goodwill (Details)

Goodwill (Details) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 4,760
Goodwill acquired during the year	298
Adjustments to prior year acquisitions	(10)
Sale of Max & Erma's	(2)
Foreign currency translation adjustments	1
Goodwill, ending balance	5,047
Operating Segments | FNF Group Segment
Goodwill [Roll Forward]
Goodwill, ending balance	4,851
Operating Segments | FNF Ventures Segment
Goodwill [Roll Forward]
Goodwill, ending balance	196
Title | Operating Segments | FNF Group Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	2,303
Goodwill acquired during the year	27
Adjustments to prior year acquisitions	(6)
Sale of Max & Erma's	0
Foreign currency translation adjustments	0
Goodwill, ending balance	2,324
Black Knight | Operating Segments | FNF Group Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	2,224
Goodwill acquired during the year	80
Adjustments to prior year acquisitions	0
Sale of Max & Erma's	0
Foreign currency translation adjustments	0
Goodwill, ending balance	2,304
FNF Group Corporate and Other | Operating Segments | FNF Group Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	45
Goodwill acquired during the year	181
Adjustments to prior year acquisitions	(4)
Sale of Max & Erma's	0
Foreign currency translation adjustments	1
Goodwill, ending balance	223
Restaurant Group | Operating Segments | FNF Ventures Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	103
Goodwill acquired during the year	0
Adjustments to prior year acquisitions	0
Sale of Max & Erma's	(2)
Foreign currency translation adjustments	0
Goodwill, ending balance	101
FNFV Corporate and Other | Operating Segments | FNF Ventures Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	85
Goodwill acquired during the year	10
Adjustments to prior year acquisitions	0
Sale of Max & Erma's	0
Foreign currency translation adjustments	0
Goodwill, ending balance	$ 95