Cannae (CNNE) 10-Q 9 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-38300
Entity Registrant Name	CANNAE HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-1273460
Entity Address, Address Line One	1701 Village Center Circle,
Entity Address, City or Town	Las Vegas,
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89134
City Area Code	702
Local Phone Number	323-7330
Title of 12(b) Security	Cannae Common Stock, $0.0001 par value
Trading Symbol	CNNE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		73,371,918
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001704720
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 112.7	$ 247.7
Short-term investments	53.6	34.9
Other current assets	23.8	26.1
Income taxes receivable	0	1.9
Total current assets	190.1	310.6
Investments in unconsolidated affiliates	1,972.5	1,950.7
Equity securities, at fair value	334.9	384.9
Lease assets	150	156
Property and equipment, net	78.6	87.5
Goodwill	53.4	53.4
Deferred tax asset	47.6	22.7
Other intangible assets, net	22.2	23.5
Other long-term investments and non-current assets	146.3	136.2
Total assets	2,995.6	3,125.5
Current liabilities:
Accounts payable and other accrued liabilities, current	86.9	79
Lease liabilities, current	20.5	22.8
Deferred revenue	14.2	18.6
Notes payable, current	5	2.3
Income taxes payable	1.3	0
Total current liabilities	127.9	122.7
Lease liabilities, long-term	146.6	151
Notes payable, long-term	98.3	95.1
Accounts payable and other accrued liabilities, long-term	40.8	41.8
Total liabilities	413.6	410.6
Commitments and contingencies - see Note H
Equity:
Cannae common stock, 0.0001 par value; authorized 115,000,000 shares as of June 30, 2023 and December 31, 2022; issued of 92,820,862 and 92,583,280 shares as of June 30, 2023 and December 31, 2022, respectively and outstanding of 73,423,951 and 76,254,972 shares as of June 30, 2023 and December 31, 2022, respectively,	0	0
Preferred stock, 0.0001 par value; authorized 10,000,000 shares; issued and outstanding, none as of June 30, 2023 and December 31, 2022	0	0
Retained earnings	1,123.4	1,214.7
Additional paid-in capital	1,957	1,936.2
Less: Treasury stock, 19,396,911 and 16,328,308 shares as of June 30, 2023 and December 31, 2022, respectively, at cost	(474.5)	(414)
Accumulated other comprehensive loss	(13.9)	(18.1)
Total Cannae shareholders' equity	2,592	2,718.8
Noncontrolling interests	(10)	(3.9)
Total equity	2,582	2,714.9
Total liabilities and equity	$ 2,995.6	$ 3,125.5

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	115,000,000	115,000,000
Common stock outstanding (in shares)	73,423,951	76,254,972
Common stock issued (in shares)	92,820,862	92,583,280
Preferred stock par value (in usd per share)	$ 0.0001	$ 0.0001
Preferred stock authorized (in shares)	10,000,000	10,000,000
Preferred stock issued (in shares)	0	0
Preferred stock outstanding (in shares)	0	0
Treasury shares (in shares)	19,396,911	16,328,308

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues:
Total operating revenues	$ 152.8	$ 174.5	$ 307.1	$ 341.9
Operating expenses:
Cost of restaurant revenue	128.3	147.9	259.9	293.3
Personnel costs	11.3	16	26.9	37.1
Depreciation and amortization	4.6	6.2	9.7	12
Other operating expenses	28.2	31.4	52.9	102.1
Total operating expenses	172.4	201.5	349.4	444.5
Operating loss	(19.6)	(27)	(42.3)	(102.6)
Other income (expense):
Interest, investment and other income	2.7	0.1	5.5	0.1
Interest expense	(4)	(2.6)	(8.4)	(5)
Recognized (losses) gains, net	(42.2)	(193.6)	9.9	(458.8)
Total other (expense) income	(43.5)	(196.1)	7	(463.7)
Loss before income taxes and equity in losses of unconsolidated affiliates	(63.1)	(223.1)	(35.3)	(566.3)
Income tax benefit	(21.8)	(66.5)	(19.2)	(128.4)
Loss before equity in losses of unconsolidated affiliates	(41.3)	(156.6)	(16.1)	(437.9)
Equity in losses of unconsolidated affiliates	(49.1)	(108)	(81.2)	(76.1)
Net loss	(90.4)	(264.6)	(97.3)	(514)
Less: Net loss attributable to noncontrolling interests	(3.2)	(1.3)	(6)	(3.1)
Net loss attributable to Cannae Holdings, Inc. common shareholders	$ (87.2)	$ (263.3)	$ (91.3)	$ (510.9)
Basic
Net loss per share (in usd per share)	$ (1.16)	$ (3.15)	$ (1.21)	$ (6.03)
Diluted
Net loss per share (in usd per share)	$ (1.16)	$ (3.15)	$ (1.21)	$ (6.03)
Weighted Average Shares Outstanding
Weighted average shares outstanding Cannae Holdings common stock, basic basis (in shares)	75.4	83.5	75.7	84.7
Weighted average shares outstanding Cannae Holdings common stock, diluted basis (in shares)	75.4	83.5	75.7	84.7
Restaurant revenue
Revenues:
Total operating revenues	$ 145.2	$ 166.7	$ 293.7	$ 328.8
Other operating revenue
Revenues:
Total operating revenues	$ 7.6	$ 7.8	$ 13.4	$ 13.1

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) EARNINGS - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss		$ (90.4)	$ (264.6)	$ (97.3)	$ (514)
Other comprehensive earnings (loss), net of tax:
Unrealized earnings (loss) of investments in unconsolidated affiliates	[1]	3	(6.4)	4.2	(7.6)
Comprehensive loss		(87.4)	(271)	(93.1)	(521.6)
Less: Comprehensive loss attributable to noncontrolling interests		(3.2)	(1.3)	(6)	(3.1)
Comprehensive loss attributable to Cannae Holdings, Inc. common shareholders		$ (84.2)	$ (269.7)	$ (87.1)	$ (518.5)
[1]Net of income tax expense (benefit) of $0.8 million and $(1.7) million for the three months ended June 30, 2023 and 2022, respectively, and $1.1 million and $(2.0) million for the six months ended June 30, 2023 and 2022, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) EARNINGS (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Unrealized loss of investments in unconsolidated affiliates, tax expense (benefit)	$ 0.8	$ (1.7)	$ 1.1	$ (2)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	Unconsolidated affiliates	Common Stock	Additional Paid-in Capital	Additional Paid-in Capital Unconsolidated affiliates	Retained Earnings	Accumulated Other Comp (Loss) Earnings	Treasury Stock	Non-controlling Interests
Beginning balance, Common Stock (in shares) at Dec. 31, 2021			92,400,000
Beginning balance, Treasury Stock (in shares) at Dec. 31, 2021								5,600,000
Beginning balance at Dec. 31, 2021	$ 3,341.1		$ 0	$ 1,888.3		$ 1,642.8	$ (7.2)	$ (188.6)	$ 5.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive earnings — unrealized losses of investments in unconsolidated affiliates, net of tax	(7.6)						(7.6)
Treasury stock repurchases (in shares)								6,800,000
Treasury stock repurchases	(138.6)							$ (138.6)
Issuance of restricted stock (in shares)			100,000
Stock-based compensation	0.7	$ 24.5		0.7	$ 24.5
Net loss	(514)					(510.9)			(3.1)
Ending balance, Common Stock (in shares) at Jun. 30, 2022			92,500,000
Ending balance, Treasury Stock (in shares) at Jun. 30, 2022								12,400,000
Ending balance at Jun. 30, 2022	2,706.1		$ 0	1,913.5		1,131.9	(14.8)	$ (327.2)	2.7
Beginning balance, Common Stock (in shares) at Mar. 31, 2022			92,500,000
Beginning balance, Treasury Stock (in shares) at Mar. 31, 2022								7,600,000
Beginning balance at Mar. 31, 2022	3,042.7		$ 0	1,894.4		1,395.2	(8.4)	$ (242.5)	4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive earnings — unrealized losses of investments in unconsolidated affiliates, net of tax	(6.4)						(6.4)
Treasury stock repurchases (in shares)								4,800,000
Treasury stock repurchases	(84.7)							$ (84.7)
Stock-based compensation	0.4	18.7		0.4	18.7
Net loss	(264.6)					(263.3)			(1.3)
Ending balance, Common Stock (in shares) at Jun. 30, 2022			92,500,000
Ending balance, Treasury Stock (in shares) at Jun. 30, 2022								12,400,000
Ending balance at Jun. 30, 2022	$ 2,706.1		$ 0	1,913.5		1,131.9	(14.8)	$ (327.2)	2.7
Beginning balance, Common Stock (in shares) at Dec. 31, 2022	76,254,972		92,500,000
Beginning balance, Treasury Stock (in shares) at Dec. 31, 2022	16,328,308							16,300,000
Beginning balance at Dec. 31, 2022	$ 2,714.9		$ 0	1,936.2		1,214.7	(18.1)	$ (414)	(3.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive earnings — unrealized losses of investments in unconsolidated affiliates, net of tax	4.2						4.2
Treasury stock repurchases (in shares)								3,100,000
Treasury stock repurchases	(60.4)							$ (60.4)
Issuance of restricted stock (in shares)			300,000
Payment for shares withheld for taxes and in treasury	(0.1)							$ (0.1)
Stock-based compensation	1.5	19.3		1.5	19.3
Subsidiary dividends paid to noncontrolling interests	(0.1)								(0.1)
Net loss	$ (97.3)					(91.3)			(6)
Ending balance, Common Stock (in shares) at Jun. 30, 2023	73,423,951		92,800,000
Ending balance, Treasury Stock (in shares) at Jun. 30, 2023	19,396,911							19,400,000
Ending balance at Jun. 30, 2023	$ 2,582		$ 0	1,957		1,123.4	(13.9)	$ (474.5)	(10)
Beginning balance, Common Stock (in shares) at Mar. 31, 2023			92,800,000
Beginning balance, Treasury Stock (in shares) at Mar. 31, 2023								16,300,000
Beginning balance at Mar. 31, 2023	2,718.6		$ 0	1,945.8		1,210.6	(16.9)	$ (414.1)	(6.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive earnings — unrealized losses of investments in unconsolidated affiliates, net of tax	3						3
Treasury stock repurchases (in shares)								3,100,000
Treasury stock repurchases	(60.4)							$ (60.4)
Stock-based compensation	0.9	$ 10.3		0.9	$ 10.3
Net loss	$ (90.4)					(87.2)			(3.2)
Ending balance, Common Stock (in shares) at Jun. 30, 2023	73,423,951		92,800,000
Ending balance, Treasury Stock (in shares) at Jun. 30, 2023	19,396,911							19,400,000
Ending balance at Jun. 30, 2023	$ 2,582		$ 0	$ 1,957		$ 1,123.4	$ (13.9)	$ (474.5)	$ (10)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net loss	$ (97.3)	$ (514)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	9.7	12
Equity in losses of unconsolidated affiliates	81.2	76.1
Distributions from investments in unconsolidated affiliates	0.2	14.7
Recognized (gains) losses and asset impairments, net	(5.8)	459.8
Lease asset amortization	9.7	10.3
Stock-based compensation expense	1.5	0.7
Non-cash carried interest expense	0	31.8
Changes in assets and liabilities, net of effects from acquisitions:
Other assets	4.3	11.9
Lease liabilities	(12.4)	(12.4)
Accounts payable, accrued liabilities, deferred revenue and other liabilities	(2.9)	(30.8)
Income taxes	(22.8)	(193.1)
Net cash used in operating activities	(34.6)	(133)
Cash flows from investing activities:
Additions to property and equipment and other intangible assets	(4.7)	(7.6)
Collections of notes receivable	0	0.9
Proceeds from sale of investments in unconsolidated affiliates and other long term investments	0	172.6
Investment in System1 and additional investments in unconsolidated affiliates	(96.1)	0
Purchases of other long term investments	(17.4)	(3.4)
Distributions from investments in unconsolidated affiliates	7.9	0
Purchases of short-term investment securities	(130.1)	0
Proceeds from sale and maturity of short-term investment securities	111.4	0
Net cash (used in) provided by investing activities	(51)	201.7
Cash flows from financing activities:
Borrowings	7.8	305.7
Debt service payments	(2)	(213.8)
Payment for vested shares withheld for taxes and in treasury	(0.1)	0
Treasury stock repurchases	(55.1)	(145.8)
Net cash used in financing activities	(49.4)	(53.9)
Net (decrease) increase in cash and cash equivalents	(135)	14.8
Cash and cash equivalents at beginning of period	247.7	85.8
Cash and cash equivalents at end of period	112.7	100.6
Ceridian
Cash flows from investing activities:
Proceeds from sales of Ceridian shares	78	285.7
System1
Adjustments to reconcile net loss to net cash used in operating activities:
Equity in losses of unconsolidated affiliates	22.6	(3.7)
Cash flows from investing activities:
Investment in System1 and additional investments in unconsolidated affiliates	$ 0	$ (246.5)

Basis of Financial Statements

Basis of Financial Statements	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Financial Statements	Basis of Financial Statements The following describes the significant accounting policies of Cannae Holdings, Inc. and its subsidiaries (collectively, "we," "us," "our,” "Cannae," "CNNE," or the "Company"), which have been followed in preparing the accompanying Condensed Consolidated Financial Statements. Description of the Business We primarily acquire interests in operating companies and are engaged in actively managing and operating a core group of those companies, which we are committed to supporting for the long term. From time to time, we also seek to take meaningful equity ownership stakes where we have the ability to control or significantly influence quality companies, and we bring the strength of our operational expertise to each of our subsidiaries. We are a long-term owner that secures control and governance rights of other companies primarily to engage in their lines of business and we have no preset time constraints dictating when we sell or dispose of our businesses. We believe that our long-term ownership and active involvement in the management and operations of companies helps maximize the value of those businesses for our shareholders. Our primary assets as of June 30, 2023 include our ownership interests in Dun & Bradstreet Holdings, Inc. ("Dun & Bradstreet" or "D&B"); Ceridian HCM Holding, Inc. ("Ceridian"); Alight, Inc. ("Alight"); Paysafe Limited ("Paysafe"); Sightline Payments Holdings, LLC ("Sightline"); System1, Inc. ("System1"); Black Knight Football and Entertainment, LP ("BKFE"); Computer Services, Inc. ("CSI"); AmeriLife Group, LLC ("AmeriLife"); O'Charley's Holdings, LLC ("O'Charley's"); 99 Restaurants Holdings, LLC ("99 Restaurants"); and various other controlled portfolio companies and minority equity ownership interests. See Note E - Segment Information for further discussion of the businesses comprising our reportable segments. We conduct our business through our wholly-owned subsidiary Cannae Holdings, LLC ("Cannae LLC"), a Delaware limited liability company. Our board of directors ("Board") oversees the management of the Company, Cannae LLC and its businesses, and the performance of our external manager, Trasimene Capital Management, LLC ("Trasimene" or our "Manager"). Principles of Consolidation and Basis of Presentation The accompanying Condensed Consolidated Financial Statements are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and the instructions to Form 10-Q and Article 10 of Regulation S-X and include the historical accounts as well as wholly-owned and majority-owned subsidiaries of the Company. In the opinion of management, 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, 2022. All intercompany profits, transactions and balances have been eliminated. Our ownership interests in non-majority-owned partnerships and affiliates are accounted for under the equity method of accounting or as equity securities. Earnings attributable to noncontrolling interests recorded on the Condensed Consolidated Statements of Operations represents the portion of our majority-owned subsidiaries' net earnings or loss that is owned by noncontrolling shareholders of such subsidiaries. Noncontrolling interest recorded on the Condensed Consolidated Balance Sheets represents the portion of equity owned by noncontrolling shareholders in our consolidated subsidiaries. Management Estimates The preparation of these Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates made by management include the fair value measurements (See Note C - Fair Value Measurements ). Actual results may differ from estimates. Recent Developments Ceridian In February 2023, we completed the sale of 1.0 million shares of common stock of Ceridian. In connection with the sale, we received proceeds of $78.0 million. We owned 5.0 million shares of Ceridian common stock as of June 30, 2023, which represented approximately 3.2% of its outstanding stock as of June 30, 2023. Refer to Note B - Investments and Note C - Fair Value Measurements for further discussion of our accounting for our ownership interest in Ceridian and other equity securities. Dun & Bradstreet On February 9, 2023 and April 26, 2023, the board of directors of D&B declared a quarterly cash dividend of $0.05 per share of DNB common stock. In the six months ended June 30, 2023, we received $7.9 million of cash dividends from D&B which are recorded as a reduction to the basis of our recorded asset for D&B. As of June 30, 2023, we owned 79.0 million shares of D&B, which represented approximately 18.0% of its outstanding common stock. See Note B - Investments for further discussion of our accounting for our ownership interest in D&B and other equity method investments. Black Knight Football and Entertainment In the six months ended June 30, 2023, we invested $44.0 million in BKFE. Subsequent to June 30, 2023, we invested another $40.8 million in BKFE. Following the last investment, we have completed the funding of our previously disclosed commitment to invest in BKFE and have no further legal obligation to fund BKFE as of the date of this Quarterly Report on Form 10-Q. Other Developments On August 3, 2022, our Board authorized a new three-year stock repurchase program, (the "2022 Repurchase Program"), under which the Company may repurchase up to 10.0 million shares of its common stock. Purchases may be made from time to time in the open market at prevailing prices or in privately negotiated transactions through August 3, 2025. The repurchase program does not obligate us to acquire any specific number of shares and may be suspended or terminated at any time. During the three and six months ended June 30, 2023, we repurchased 3,065,804 shares for approximately $60.4 million, or an average of $19.71 per share. Subsequent to June 30, 2023, we repurchased 54,880 shares for approximately $1.1 million. On May 22, 2023, we invested $52.1 million for an 89% ownership interest in High Sierra Distillery, LP ("Minden Mill"). Minden Mill, through its wholly owned subsidiaries, owns and operates a farm-to-flask distillery and related hospitality venues. Entities affiliated with our chairman, William P. Foley II, are the general partner of Minden Mill and manage all aspects of its operation. The investment in Minden Mill is accounted for as an investment in an unconsolidated affiliate. See Note B - Investments for further discussion of our investments in unconsolidated affiliates. Related Party Transactions During the three and six months ended June 30, 2023, we incurred management fee expenses payable to our Manager of $9.6 million and $18.9 million, respectively, and during the three and six months ended June 30, 2022, we incurred $10.6 million and $21.2 million, respectively. During the three and six months ended June 30, 2022, we incurred $2.2 million and $47.4 million, respectively, of carried interest expense related to the disposition of certain of the Company's assets and ownership interests. These expenses are recorded in Other operating expenses on our Condensed Consolidated Statement of Operations. Earnings Per Share Basic earnings per share, as presented on the Condensed Consolidated Statement of Operations, is computed by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding during the 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 loss per share is equal to basic loss per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain shares of restricted stock that have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported. Instruments that provide the ability to purchase shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share. For the three and six months ended June 30, 2023 and 2022, there were 0.4 million and 0.1 million antidilutive shares of restricted stock outstanding, respectively, that were excluded from the calculation of diluted earnings per share. Income Taxes Our effective tax rate was 34.5% and 29.8% in the three months ended June 30, 2023 and 2022, respectively, and 54.4% and 22.7% in the six months ended June 30, 2023 and 2022, respectively. The change in the effective tax rate in the three and six-month period ended June 30, 2023 compared to the corresponding prior year period was primarily attributable to the varying impact of equity in (losses) earnings of unconsolidated affiliates on income tax expense (benefit). We have a Deferred tax asset of $47.6 million and $22.7 million as of June 30, 2023 and December 31, 2022, respectively. The $24.9 million change in deferred taxes in the six months ended June 30, 2023 is primarily attributable to equity in losses of unconsolidated affiliates partially offset by sales of Ceridian shares and mark to market gains recorded on Ceridian. Recent Accounting Pronouncements We have completed our evaluation of the recently issued accounting pronouncements and we did not identify any that are expected to, if currently adopted, have a material impact on our Condensed Consolidated Financial Statements.

Investments

Investments	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Investments in Unconsolidated Affiliates Investments in unconsolidated affiliates recorded using the equity method of accounting as of June 30, 2023 and December 31, 2022 consisted of the following: Ownership at June 30, 2023 June 30, 2023 December 31, 2022 (in millions) Dun & Bradstreet 18.0 % $ 835.2 $ 857.1 Alight 9.7 % 525.1 532.2 Sightline 32.4 % 237.6 247.0 System1 23.7 % 106.5 127.4 BKFE 50.1 % 84.4 52.2 Paysafe 5.5 % 33.3 33.7 Other various 150.4 101.1 Total $ 1,972.5 $ 1,950.7 The aggregate fair value of our direct ownership in the common stock of unconsolidated affiliates that have quoted market prices as of June 30, 2023 consisted of the following: June 30, 2023 (in millions) Dun & Bradstreet $ 914.6 Alight 484.9 System1 122.1 Paysafe 34.1 Equity in (losses) earnings of unconsolidated affiliates for the three and six months ended June 30, 2023 and 2022 consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Dun & Bradstreet (1) $ (5.6) $ (2.6) $ (13.9) $ (10.1) Alight (7.0) 2.5 (14.1) 9.2 Sightline (2) (5.0) (4.2) (9.1) (8.5) System1 (15.7) (9.1) (22.6) 3.7 BKFE (15.6) — (16.9) — Paysafe (0.2) (96.7) (2.1) (89.9) Other — 2.1 (2.5) 19.5 Total $ (49.1) $ (108.0) $ (81.2) $ (76.1) _____________________________________ (1) Equity in losses for D&B includes $2.1 million of loss for the three months ended June 30, 2023 and 2022, respectively, and $4.3 million and $3.2 million of loss for the six months ended June 30, 2023 and 2022, respectively, related to amortization of Cannae's basis difference between the book value of its ownership interest and ratable portion of the underlying equity in net assets of D&B. (2) Equity in losses for Sightline includes $1.9 million of loss in the three months ended June 30, 2023 and 2022, respectively, and $3.9 million of loss for the six months ended June 30, 2023 and 2022, respectively, related to amortization of Cannae's basis difference between the book value of its investment and ratable portion of the underlying equity in net assets of Sightline. Dun & Bradstreet Summarized financial information for D&B for the relevant dates and time periods included in Investments in unconsolidated affiliates and Equity in earnings of unconsolidated affiliates in our Condensed Consolidated Balance Sheets and Statements of Operations, respectively, is presented below. June 30, 2023 December 31, 2022 (In millions) Total current assets $ 690.1 $ 703.9 Goodwill and other intangible assets, net 7,535.7 7,751.4 Other assets 1,041.4 1,016.6 Total assets $ 9,267.2 $ 9,471.9 Current liabilities $ 974.6 $ 1,102.6 Long-term debt 3,613.0 3,552.2 Other non-current liabilities 1,230.0 1,308.7 Total liabilities 5,817.6 5,963.5 Total equity 3,449.6 3,508.4 Total liabilities and equity $ 9,267.2 $ 9,471.9 Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In millions) Total revenues $ 554.7 $ 537.3 $ 1,095.1 $ 1,073.3 Operating income 16.5 29.7 24.4 46.1 Loss before income taxes (37.0) (0.7) (82.4) (40.5) Net loss (18.8) — (51.6) (29.8) Less: net earnings attributable to noncontrolling interest 0.6 1.8 1.5 3.3 Net loss attributable to Dun & Bradstreet (19.4) (1.8) (53.1) (33.1) Equity Securities Gains (losses) on equity securities included in Recognized gains (losses), net on the Condensed Consolidated Statements of Operations consisted of the following for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Net (losses) gains recognized during the period on equity securities $ (40.3) $ (152.0) $ 18.9 $ (476.5) Less: net (losses) gains recognized during the period on equity securities sold or transferred during the period — (24.3) 13.8 (132.2) Unrealized (losses) gains recognized during the reporting period on equity securities held at the reporting date $ (40.3) $ (127.7) $ 5.1 $ (344.3) Equity Security Investments Without Readily Determinable Fair Values We account for our investments in AmeriLife and certain other ownership interests at cost less impairment, if any, plus or minus changes resulting from observable price changes in orderly market transactions . As of June 30, 2023 and December 31, 2022, we have $121.9 million and $114.8 million, respectively, recorded for such investments, which is included in Other long term investments and noncurrent assets on our Condensed Consolidated Balance Sheets. During the three months ended June 30, 2023, we recorded impairment of $9.0 million to certain of our equity ownership interests without readily determinable fair values. The amount of the impairment was determined based on the valuation of the investee implied by a contemplated sale to a third-party.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair value hierarchy established by the accounting standards on fair value measurements includes three levels, which are based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. Financial assets and liabilities that are recorded in the Consolidated Balance Sheets are categorized based on the inputs to the valuation techniques as follows: Level 1. Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that we have the ability to access. Level 2. Financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 3. Financial assets and liabilities whose values are based on model inputs that are unobservable. Recurring Fair Value Measurements The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, respectively: June 30, 2023 Level 1 Level 2 Level 3 Total (In millions) Assets: Cash and cash equivalents $ 112.7 $ — $ — $ 112.7 Short-term investments 53.6 — — 53.6 Ceridian 334.9 — — 334.9 Total assets $ 501.2 $ — $ — $ 501.2 December 31, 2022 Level 1 Level 2 Level 3 Total (In millions) Assets: Cash and cash equivalents $ 247.7 $ — $ — 247.7 Short-term investments 34.9 — — 34.9 Ceridian 384.9 — — 384.9 Total assets $ 667.5 $ — $ — $ 667.5 We had no material assets or liabilities valued on a recurring basis using Level 3 inputs as of or for the six months ended June 30, 2023 and December 31, 2022. Additional information regarding the fair value of our investment portfolio is included in Note B - Investments .

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities The Company, in the normal course of business, engages in certain activities that involve variable interest entities ("VIEs"), which are legal entities in which a group of equity investors individually lack any of the characteristics of a controlling interest. The primary beneficiary of a VIE is generally the enterprise that has both the power to direct the activities most significant to the economic performance of the VIE and the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. The Company evaluates its interest in certain entities to determine if these entities meet the definition of a VIE and whether the Company is the primary beneficiary and should consolidate the entity based on the variable interests it held both at inception and when there is a change in circumstances that requires a reconsideration. If the Company is determined to be the primary beneficiary of a VIE, it must account for the VIE as a consolidated subsidiary. If the Company is determined not to be the primary beneficiary of a VIE but holds a variable interest in the entity, such variable interests are accounted for under accounting standards as deemed appropriate. As of and for the periods ended June 30, 2023 and December 31, 2022, we are not the primary beneficiary of any VIEs. Unconsolidated VIEs The table below summarizes select information related to variable interests held by the Company as of June 30, 2023 and December 31, 2022, of which we are not the primary beneficiary: June 30, 2023 December 31, 2022 Total Assets Maximum Exposure Total Assets Maximum Exposure (in millions) Investments in unconsolidated affiliates $ 220.5 $ 220.5 $ 138.3 $ 138.3 Investments in Unconsolidated Affiliates As of June 30, 2023 and December 31, 2022, we held variable interests in certain unconsolidated affiliates, which are primarily comprised of our ownership interests in BKFE, CSI and Minden Mill. Cannae does not have the power to direct the activities that most significantly impact the economic performance of these unconsolidated affiliates; therefore, we are not the primary beneficiary. The principal risk to which these investments and funds are exposed is the credit risk of the underlying investees. Cannae has guaranteed certain payment obligations of BKFE related to investment commitments associated with its acquisitions of interests in football clubs. These BKFE obligations total an estimated amount of approximately $65.2 million in the aggregate as of the date of this Quarterly Report and are potentially payable at various increments over the next five years. The underlying obligation of BKFE to fund these amounts is contingent on the exercise of certain investment options by BKFE or other parties. Cannae is required to fund such payments solely to the extent BKFE is unable to meet these obligations. We do not provide any other implicit or explicit liquidity guarantees or principal value guarantees to these VIEs. The assets are included in Investments in unconsolidated affiliates on the Condensed Consolidated Balance Sheets and accounted for under the equity method of accounting. See Note B - Investments

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information Summarized financial information concerning our reportable segments is shown in the following tables. As of and for the three months ended June 30, 2023: Restaurant Group Dun & Bradstreet Paysafe Alight Sightline Corporate and Other Affiliate Elimination Total (in millions) Restaurant revenues $ 145.2 $ — $ — $ — $ — $ — $ — $ 145.2 Other operating revenues — 554.7 387.8 806.0 8.6 7.6 (1,757.1) 7.6 Revenues from external customers 145.2 554.7 387.8 806.0 8.6 7.6 (1,757.1) 152.8 Interest, investment and other income, including recognized gains (losses), net (0.2) 2.6 2.5 (15.0) 0.1 (39.3) 9.8 (39.5) Total revenues, other income and realized gains (losses), net 145.0 557.3 390.3 791.0 8.7 (31.7) (1,747.3) 113.3 Depreciation and amortization 4.3 145.0 63.5 106.0 1.9 0.3 (316.4) 4.6 Interest expense (1.3) (56.1) (37.5) (33.0) — (2.7) 126.6 (4.0) (Loss) earnings before income taxes and equity in earnings (losses) of unconsolidated affiliates (6.6) (37.0) 0.1 (69.0) (9.6) (56.5) 115.5 (63.1) Income tax (benefit) expense — (17.5) 3.9 3.0 — (21.8) 10.6 (21.8) (Loss) earnings, before equity in (losses) earnings of unconsolidated affiliates (6.6) (19.5) (3.8) (72.0) (9.6) (34.7) 104.9 (41.3) Equity in earnings (losses) of unconsolidated affiliates — 0.7 — — — (31.3) (18.5) (49.1) Net (loss) earnings $ (6.6) $ (18.8) $ (3.8) $ (72.0) $ (9.6) $ (66.0) $ 86.4 $ (90.4) Assets $ 318.4 $ 9,267.2 $ 5,734.6 $ 10,772.0 $ 169.1 $ 2,677.2 $ (25,942.9) $ 2,995.6 Goodwill 53.4 3,422.4 2,009.1 3,681.0 109.0 — (9,221.5) 53.4 As of and for the three months ended June 30, 2022: Restaurant Group Dun & Bradstreet Paysafe Alight Sightline Corporate Affiliate Elimination Total (in millions) Restaurant revenues $ 166.7 $ — $ — $ — $ — $ — $ — $ 166.7 Other operating revenues — 537.3 367.7 715.0 13.9 7.8 (1,633.9) 7.8 Revenues from external customers 166.7 537.3 367.7 715.0 13.9 7.8 (1,633.9) 174.5 Interest investment and other income (expense), including recognized gains (losses), net 2.0 11.5 3.5 95.0 — (195.5) (110.0) (193.5) Total revenues, other income and recognized gains (losses), net 168.7 548.8 371.2 810.0 13.9 (187.7) (1,743.9) (19.0) Depreciation and amortization 5.6 147.0 63.4 13.0 1.5 0.6 (224.9) 6.2 Interest expense (1.1) (41.9) (26.0) (29.0) — (1.5) 96.9 (2.6) (Loss) earnings before income taxes and equity in earnings (losses) of unconsolidated affiliates (2.5) (0.7) (1,214.2) 43.0 (5.9) (220.6) 1,177.8 (223.1) Income tax (benefit) expense — (0.1) (43.4) (9.0) — (66.5) 52.5 (66.5) (Loss) earnings before equity in earnings of unconsolidated affiliates (2.5) (0.6) (1,170.8) 52.0 (5.9) (154.1) 1,125.3 (156.6) Equity in earnings (losses) of unconsolidated affiliates (0.1) 0.6 — — — (6.9) (101.6) (108.0) Net (loss) earnings $ (2.6) $ — $ (1,170.8) $ 52.0 $ (5.9) $ (161.0) $ 1,023.7 $ (264.6) Assets $ 359.0 $ 9,696.6 $ 6,501.3 $ 10,878.0 $ 176.2 $ 2,829.1 $ (27,252.1) $ 3,188.1 Goodwill 53.4 3,437.1 2,712.8 3,624.0 108.9 — (9,882.8) 53.4 As of and for the six months ended June 30, 2023: Restaurant Group Dun & Bradstreet Paysafe Alight Sightline Corporate and Other Affiliate Elimination Total (in millions) Restaurant revenues $ 293.7 $ — $ — $ — $ — $ — $ — $ 293.7 Other operating revenues — 1,095.1 771.3 1,637.0 17.9 13.4 (3,521.3) 13.4 Revenues from external customers 293.7 1,095.1 771.3 1,637.0 17.9 13.4 (3,521.3) 307.1 Interest, investment and other income, including recognized gains (losses), net (0.1) 4.6 (11.6) (51.0) 1.8 15.5 56.2 15.4 Total revenues and other income 293.6 1,099.7 759.7 1,586.0 19.7 28.9 (3,465.1) 322.5 Depreciation and amortization 8.9 290.4 131.2 210.0 4.2 0.8 (635.8) 9.7 Interest expense (2.6) (111.4) (75.1) (66.0) — (5.8) 252.5 (8.4) Loss before income taxes and equity in earnings (losses) of unconsolidated affiliates (11.1) (82.4) (33.5) (151.0) (16.4) (24.2) 283.3 (35.3) Income tax benefit 0.5 (29.3) 4.1 (5.0) — (19.7) 30.2 (19.2) Loss before equity in (losses) earnings of unconsolidated affiliates (11.6) (53.1) (37.6) (146.0) (16.4) (4.5) 253.1 (16.1) Equity in earnings (losses) of unconsolidated affiliates — 1.5 — — — (42.0) (40.7) (81.2) Net (loss) earnings $ (11.6) $ (51.6) $ (37.6) $ (146.0) $ (16.4) $ (46.5) $ 212.4 $ (97.3) Assets $ 318.4 $ 9,267.2 $ 5,734.6 $ 10,772.0 $ 169.1 $ 2,677.2 $ (25,942.9) $ 2,995.6 Goodwill 53.4 3,422.4 2,009.1 3,681.0 109.0 — (9,221.5) 53.4 As of and for the six months ended June 30, 2022: Restaurant Group Dun & Bradstreet Paysafe Alight Sightline Corporate Affiliate Elimination Total (in millions) Restaurant revenues $ 328.8 $ — $ — $ — $ — $ — $ — $ 328.8 Other operating revenues — 1,073.3 739.3 1,440.0 27.9 13.1 (3,280.5) 13.1 Revenues from external customers 328.8 1,073.3 739.3 1,440.0 27.9 13.1 (3,280.5) 341.9 Interest investment and other income, including recognized gains (losses), net 1.4 2.5 67.6 114.0 — (460.1) (184.1) (458.7) Total revenues and other income 330.2 1,075.8 806.9 1,554.0 27.9 (447.0) (3,464.6) (116.8) Depreciation and amortization 10.9 296.4 127.4 194.0 3.7 1.1 (621.5) 12.0 Interest expense (2.2) (89.1) (47.5) (58.0) — (2.8) 194.6 (5.0) (Loss) earnings before income taxes and equity in earnings (losses) of unconsolidated affiliates (7.8) (40.5) (1,142.7) 31.0 (12.9) (558.5) 1,165.1 (566.3) Income tax expense (benefit) (0.7) (9.4) (62.4) (8.0) — (127.7) 79.8 (128.4) (Loss) earnings before equity in earnings (losses) of unconsolidated affiliates (7.1) (31.1) (1,080.3) 39.0 (12.9) (430.8) 1,085.3 (437.9) Equity in earnings (losses) of unconsolidated affiliates — 1.3 — — — 23.2 (100.6) (76.1) Net (loss) earnings $ (7.1) $ (29.8) $ (1,080.3) $ 39.0 $ (12.9) $ (407.6) $ 984.7 $ (514.0) Assets $ 359.0 $ 9,696.6 $ 6,501.3 10,878.0 $ 176.2 $ 2,829.1 $ (27,252.1) $ 3,188.1 Goodwill 53.4 3,437.1 2,712.8 3,624.0 108.9 — (9,882.8) 53.4 The activities in our segments include the following: • Restaurant Group. This segment consists primarily of the operations of O'Charley's and 99 Restaurants in which we have 65.4% and 88.5% ownership interests, respectively. O'Charley's and 99 Restaurants and their affiliates are the owners and operators of the O'Charley's and Ninety Nine Restaurants restaurant concepts, respectively. • Dun & Bradstreet. This segment consists of our 18.0% ownership interest in Dun & Bradstreet. Dun & Bradstreet is a leading global provider of business decisioning data and analytics. Clients embed D&B's trusted, end-to-end solutions into their daily workflows to enhance salesforce productivity, gain visibility into key markets, inform commercial credit decisions and confirm that suppliers are financially viable and compliant with laws and regulations. Dun & Bradstreet's solutions support its clients’ mission critical business operations by providing proprietary and curated data and analytics to help drive informed decisions and improved outcomes. Dun & Bradstreet's global commercial database as of December 31, 2022 contained hundreds of millions of business records. Our chief operating decision maker reviews the full financial results of Dun & Bradstreet for purposes of assessing performance and allocating resources. Thus, we consider Dun & Bradstreet a reportable segment and have included the full results of Dun & Bradstreet in the tables above. We account for Dun & Bradstreet using the equity method of accounting; therefore, its results do not consolidate into ours. Accordingly, we have presented the elimination of Dun & Bradstreet's results in the Affiliate Elimination section of the segment presentation above. • Alight . This segment consists of our 9.7% ownership interest in Alight. Alight is a leading cloud-based human capital technology and services provider that powers confident health, wealth and wellbeing decisions for millions of people and their dependents. Its Alight Worklife® platform combines data and analytics with a simple, seamless user experience. Supported by its global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world through personalized, data-driven health, wealth, pay and wellbeing insights. Our chief operating decision maker reviews the full financial results of Alight for purposes of assessing performance and allocating resources. Thus, we consider Alight a reportable segment and have included the full results of Alight subsequent to our initial acquisition of an ownership interest in the tables above. We account for Alight using the equity method of accounting, and therefore, its results do not consolidate into ours. Accordingly, we have presented the elimination of Alight's results in the Affiliate Elimination section of the segment presentation above. • Paysafe . This segment consists of our 5.5% ownership interest in Paysafe. Paysafe is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. Our chief operating decision maker reviews the full financial results of Paysafe for purposes of assessing performance and allocating resources. Thus, we consider Paysafe a reportable segment and have included the full results of Paysafe subsequent to our initial acquisition of an ownership interest in the tables above. We account for Paysafe using the equity method of accounting, and therefore, its results do not consolidate into ours. Accordingly, we have presented the elimination of Paysafe's results in the Affiliate Elimination section of the segment presentation above. We report our equity in earnings or loss of Paysafe on a three-month lag. Accordingly, our net earnings and the segment tables above, respectively, for the three and six months ended June 30, 2023 and 2022, include our equity in Paysafe’s earnings and complete results of Paysafe, respectively, for the three and six months ended March 31, 2023 and 2022, respectively. • Sightline . This segment consists of our 32.4% ownership interest in Sightline Payments. Sightline Payments is a leading digital payments provider and mobile application developer to the United States' sports betting and casino gaming market. Our chief operating decision maker reviews the full financial results of Sightline for purposes of assessing performance and allocating resources. Thus, we consider Sightline a reportable segment and have included the full results of Sightline subsequent to our initial acquisition of an ownership interest in the tables above. We account for Sightline using the equity method of accounting, and therefore, its results do not consolidate into ours. Accordingly, we have presented the elimination of Sightline's results in the Affiliate Elimination section of the segment presentation above. We report our equity in earnings or loss of Sightline on a three-month lag. Accordingly, our net earnings and the segment tables above, respectively, for the three and six months ended June 30, 2023 and 2022, include our equity in Sightline’s earnings and complete results of Sightline, respectively, for the three and six months ended March 31, 2023 and 2022, respectively. • Corporate and Other. This nonreportable segment consists of our share in the operations of certain controlled portfolio companies and other equity interests, activity of the corporate holding company and certain intercompany eliminations and taxes.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregation of Revenue Our revenue consists of: Three Months Ended June 30, Six months ended June 30, 2023 2022 2023 2022 Revenue Stream Segment Total Revenue Restaurant revenue: (in millions) Restaurant sales Restaurant Group $ 145.2 $ 166.5 $ 293.7 $ 328.2 Other Restaurant Group — 0.2 — 0.6 Total restaurant revenue 145.2 166.7 293.7 328.8 Other operating revenue: Real estate and resort Corporate and other 7.5 7.7 13.2 12.6 Other Corporate and other 0.1 0.1 0.2 0.5 Total other operating revenue 7.6 7.8 13.4 13.1 Total operating revenues $ 152.8 $ 174.5 $ 307.1 $ 341.9 Restaurant revenue consists of restaurant sales and to a lesser extent, franchise revenue and other revenue. Restaurant sales include food and beverage sales and gift card breakage, are net of applicable state and local sales taxes and discounts, and are recognized at a point in time as services are performed and goods are provided. Other operating revenue consists of income generated by our resort operations, which includes sales of real estate, lodging rentals, food and beverage sales, and other income from various resort services offered. Revenue is recognized upon closing of the sale of real estate or once goods and services have been provided and billed to the customer. Contract Balances The following table provides information about trade receivables and deferred revenue: June 30, 2023 December 31, 2022 (In millions) Trade receivables, net $ 5.4 $ 7.1 Deferred revenue (contract liabilities) 14.2 18.6 Deferred revenue is recorded primarily for restaurant gift card sales. The unrecognized portion of such revenue is recorded as Deferred revenue in the Condensed Consolidated Balance Sheets. Revenue of $3.1 million and $5.2 million was recognized in the three months ended June 30, 2023 and 2022 , respectively, and $4.8 million and $7.6 million in the six months ended, respectively, that was included in Deferred revenue at the beginning of the period. There was no impairment related to contract balances.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Notes Payable	Notes Payable Notes payable, net consists of the following: June 30, 2023 December 31, 2022 (In millions) 2020 Margin Facility $ — $ — FNF Revolver 84.7 84.7 Other 18.6 12.7 Notes payable, total $ 103.3 $ 97.4 Less: Notes payable, current 5.0 2.3 Notes payable, long term $ 98.3 $ 95.1 At June 30, 2023, the carrying value of our outstanding notes payable approximates fair value and are considered Level 2 financial liabilities. 2020 Margin Facility On November 30, 2020, Cannae Funding C, LLC ("Borrower 1"), an indirect wholly-owned special purpose subsidiary of the Company, and Cannae Funding D, LLC ("Borrower 2" and, together with Borrower 1, the "Borrowers"), an indirect wholly-owned special purpose subsidiary of the Company, entered into a Margin Loan Agreement (the "2020 Margin Facility") with the lenders from time to time party thereto and Royal Bank of Canada. Under the 2020 Margin Facility, as amended, the Borrowers may borrow up to $150.0 million in revolving loans and, subject to certain terms and conditions, may enter into an amendment to the 2020 Margin Facility to borrow up to $500.0 million in revolving loans (including the initial revolving loans) from the same initial lender and/or additional lenders on substantially identical terms and conditions as the initial revolving loans. The 2020 Margin Facility matures on November 30, 2023. Outstanding amounts under the 2020 Margin Facility, if any, bear interest quarterly at a rate per annum equal to a three-month adjusted SOFR plus an applicable margin. The 2020 Margin Facility requires the Borrowers to maintain a certain loan-to-value ratio (based on the value of Ceridian and D&B shares). In the event the Borrowers fail to maintain such loan-to-value ratio, the Borrowers must post additional cash collateral under the Loan Agreement and/or elect to repay a portion of the revolving loans thereunder, or sell the Ceridian and/or D&B shares and use the proceeds from such sale to prepay a portion of the revolving loans thereunder. On June 16, 2023, the 2020 Margin Facility was amended to, among other things, lower the immediate capacity from $250 million to $150 million. As of June 30, 2023, there was no outstanding balance under the 2020 Margin Facility, $150.0 million of unused capacity with an option to increase the capacity to $500.0 million upon amendment, and the 2020 Margin Facility was secured by a first priority lien on 5 million shares of Ceridian and 35 million shares of D&B. FNF Revolver On November 17, 2017, Fidelity National Financial, Inc. ("FNF") issued to Cannae a revolver note in aggregate principal amount of up to $100.0 million. On May 12, 2022, FNF and Cannae amended and restated the revolver note to, among other things, limit the use of proceeds for borrowings thereunder to the repurchase of our own shares of common stock from FNF (as amended and restated, the "FNF Revolver"). Pursuant to the FNF Revolver, FNF may make one or more loans to us with up to $100.0 million outstanding at any time. The FNF Revolver accrues interest at one-month adjusted SOFR plus 450 basis points and matures on November 17, 2025. The maturity date is automatically extended for additional five-year terms unless notice of non-renewal is otherwise provided by either FNF or Cannae, in their sole discretion. On June 28, 2022, we completed the repurchase of all of our common stock previously held by FNF. As of June 30, 2023, there was a $84.7 million outstanding principal amount which incurred interest at 9.77% and there is no available borrowing capacity under the FNF Revolver. Gross principal maturities of notes payable at June 30, 2023 are as follows (in millions): 2023 (remaining) $ 5.2 2024 1.1 2025 85.8 2026 8.9 2027 0.6 Thereafter 2.7 Total $ 104.3

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Contingencies In the ordinary course of business, we are involved in various pending and threatened litigation and regulatory matters related to our operations, some of which include claims for punitive or exemplary damages. Our ordinary course litigation includes purported class action lawsuits, which make allegations related to various aspects of our business. From time to time, we also receive requests for information from various state and federal regulatory authorities, some of which take the form of civil investigative demands or subpoenas. Some of these regulatory inquiries may result in the assessment of fines for violations of regulations or settlements with such authorities requiring a variety of remedies. We believe that no actions, other than those discussed below, if any, depart from customary litigation or regulatory inquiries 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 that represents our best estimate is recorded. As of June 30, 2023 and December 31, 2022, our accrual for settlements of legal proceedings was not considered material. 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 in the event of an unfavorable outcome, 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, results of operations or cash flows. On September 23, 2020, a stockholder derivative lawsuit styled Oklahoma Firefighters Pension & Retirement System, derivatively on behalf of Cannae Holdings, Inc. v. William P. Foley, II, et al. , was filed in the Court of Chancery of the State of Delaware against the Company, certain Board members and officers of the Company, and the Manager, alleging breach of fiduciary duties relating to the Company’s Management Services Agreement. The plaintiff further alleges the Board breached their fiduciary duties by approving bonuses in connection with the initial public offering of Ceridian and the approval of an Investment Success Incentive Plan in August 2018. Along with the Complaint, the plaintiff filed a motion for partial summary judgment as to the count seeking to void the Management Services Agreement. On January 27, 2021, the Company entered into an amendment to the Management Services Agreement and plaintiff withdrew its motion for partial summary judgment as moot. On February 1, 2021, the court ordered the plaintiff's summary judgment motion withdrawn and dismissed the related count of the plaintiff's complaint. On February 18, 2021, our Board formed a Special Litigation Committee (the "SLC") consisting of two of the Board’s Directors, and has authorized the SLC, among other things, to investigate and evaluate the claims and allegations asserted in the lawsuit. The Board has also given the SLC the sole authority and power to consider and determine whether or not prosecution of the claims asserted in the lawsuit is in the best interest of the Company and its shareholders, and what action the Company should take with respect to the lawsuit. On March 9, 2021, the Court entered a stipulated Order staying the action for six months to allow the SLC to investigate, review, and evaluate the facts, circumstances, and claims asserted in or relating to the action and to determine the Company’s response thereto. On October 25, 2022, the parties, including the SLC acting on behalf of the Company, reached an agreement-in-principle to settle the action, subject to various terms and conditions, as well as court approval. On March 10, 2023, the parties formalized their settlement and entered into a Stipulation and Agreement of Compromise, Settlement and Release which has been filed with the court. The agreement includes, among other things, a payment of $6 million in cash to the Company, amendments to the Management Services Agreement between the Company and the Manager, and corporate governance changes. On June 8, 2023, the court entered an Order and Final Judgment approving the settlement in all respects and dismissing the lawsuit. The net settlement amount has been paid to the Company, and the parties are in the process of complying with the remaining terms of the settlement. The net settlement is recorded in Recognized gains (losses), net on our Condensed Consolidated Statement of Operations in the three months ended June 30, 2023. Unconditional Purchase Obligations We have certain unconditional purchase obligations, primarily in our Restaurant Group segment. These purchase obligations are with various vendors and are primarily related to food and beverage obligations with fixed commitments in regards to the time period of the contract and the quantities purchased with annual price adjustments that can fluctuate. We used both historical and projected volume and pricing as of June 30, 2023 to determine the amount of the obligations. Purchase obligations as of June 30, 2023 are as follows (in millions): 2023 (remaining) $ 43.6 2024 8.4 2025 6.3 2026 4.6 2027 — Thereafter — Total purchase commitments $ 62.9

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2023
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 cash payments, as well as certain non-cash investing and financing activities. Six months ended June 30, 2023 2022 (In millions) Cash paid during the period: Interest $ 7.0 $ 4.0 Income taxes 3.3 64.3 Non-cash investing and financing activities: D&B shares received as partial consideration for the Optimal Blue Disposition — 435.0

Basis of Financial Statements (

Basis of Financial Statements (Policies)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying Condensed Consolidated Financial Statements are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and the instructions to Form 10-Q and Article 10 of Regulation S-X and include the historical accounts as well as wholly-owned and majority-owned subsidiaries of the Company. In the opinion of management, 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, 2022. All intercompany profits, transactions and balances have been eliminated. Our ownership interests in non-majority-owned partnerships and affiliates are accounted for under the equity method of accounting or as equity securities. Earnings attributable to noncontrolling interests recorded on the Condensed Consolidated Statements of Operations represents the portion of our majority-owned subsidiaries' net earnings or loss that is owned by noncontrolling shareholders of such subsidiaries. Noncontrolling interest recorded on the Condensed Consolidated Balance Sheets represents the portion of equity owned by noncontrolling shareholders in our consolidated subsidiaries.
Management Estimates	Management Estimates The preparation of these Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates made by management include the fair value measurements (See Note C - Fair Value Measurements ). Actual results may differ from estimates.
Related Party Transactions	Related Party TransactionsDuring the three and six months ended June 30, 2023, we incurred management fee expenses payable to our Manager of $9.6 million and $18.9 million, respectively, and during the three and six months ended June 30, 2022, we incurred $10.6 million and $21.2 million, respectively. During the three and six months ended June 30, 2022, we incurred $2.2 million and $47.4 million, respectively, of carried interest expense related to the disposition of certain of the Company's assets and ownership interests. These expenses are recorded in Other operating expenses on our Condensed Consolidated Statement of Operations.
Earnings Per Share	Earnings Per Share Basic earnings per share, as presented on the Condensed Consolidated Statement of Operations, is computed by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding during the 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 loss per share is equal to basic loss per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain shares of restricted stock that have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported. Instruments that provide the ability to purchase shares of our common stock that are antidilutive are excluded from the
Recent Accounting Pronouncements	Recent Accounting Pronouncements We have completed our evaluation of the recently issued accounting pronouncements and we did not identify any that are expected to, if currently adopted, have a material impact on our Condensed Consolidated Financial Statements.
Revenue Recognition	Restaurant revenue consists of restaurant sales and to a lesser extent, franchise revenue and other revenue. Restaurant sales include food and beverage sales and gift card breakage, are net of applicable state and local sales taxes and discounts, and are recognized at a point in time as services are performed and goods are provided. Other operating revenue consists of income generated by our resort operations, which includes sales of real estate, lodging rentals, food and beverage sales, and other income from various resort services offered. Revenue is recognized upon closing of the sale of real estate or once goods and services have been provided and billed to the customer.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Gains on Equity Securities Included in Recognized Gains and Losses	Gains (losses) on equity securities included in Recognized gains (losses), net on the Condensed Consolidated Statements of Operations consisted of the following for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Net (losses) gains recognized during the period on equity securities $ (40.3) $ (152.0) $ 18.9 $ (476.5) Less: net (losses) gains recognized during the period on equity securities sold or transferred during the period — (24.3) 13.8 (132.2) Unrealized (losses) gains recognized during the reporting period on equity securities held at the reporting date $ (40.3) $ (127.7) $ 5.1 $ (344.3)
Schedule of Investments, Aggregate Fair Value of Ownership and Equity in Earnings of Unconsolidated Affiliates	Investments in unconsolidated affiliates recorded using the equity method of accounting as of June 30, 2023 and December 31, 2022 consisted of the following: Ownership at June 30, 2023 June 30, 2023 December 31, 2022 (in millions) Dun & Bradstreet 18.0 % $ 835.2 $ 857.1 Alight 9.7 % 525.1 532.2 Sightline 32.4 % 237.6 247.0 System1 23.7 % 106.5 127.4 BKFE 50.1 % 84.4 52.2 Paysafe 5.5 % 33.3 33.7 Other various 150.4 101.1 Total $ 1,972.5 $ 1,950.7 The aggregate fair value of our direct ownership in the common stock of unconsolidated affiliates that have quoted market prices as of June 30, 2023 consisted of the following: June 30, 2023 (in millions) Dun & Bradstreet $ 914.6 Alight 484.9 System1 122.1 Paysafe 34.1 Equity in (losses) earnings of unconsolidated affiliates for the three and six months ended June 30, 2023 and 2022 consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Dun & Bradstreet (1) $ (5.6) $ (2.6) $ (13.9) $ (10.1) Alight (7.0) 2.5 (14.1) 9.2 Sightline (2) (5.0) (4.2) (9.1) (8.5) System1 (15.7) (9.1) (22.6) 3.7 BKFE (15.6) — (16.9) — Paysafe (0.2) (96.7) (2.1) (89.9) Other — 2.1 (2.5) 19.5 Total $ (49.1) $ (108.0) $ (81.2) $ (76.1) _____________________________________ (1) Equity in losses for D&B includes $2.1 million of loss for the three months ended June 30, 2023 and 2022, respectively, and $4.3 million and $3.2 million of loss for the six months ended June 30, 2023 and 2022, respectively, related to amortization of Cannae's basis difference between the book value of its ownership interest and ratable portion of the underlying equity in net assets of D&B. (2) Equity in losses for Sightline includes $1.9 million of loss in the three months ended June 30, 2023 and 2022, respectively, and $3.9 million of loss for the six months ended June 30, 2023 and 2022, respectively, related to amortization of Cannae's basis difference between the book value of its investment and ratable portion of the underlying equity in net assets of Sightline. Summarized financial information for D&B for the relevant dates and time periods included in Investments in unconsolidated affiliates and Equity in earnings of unconsolidated affiliates in our Condensed Consolidated Balance Sheets and Statements of Operations, respectively, is presented below. June 30, 2023 December 31, 2022 (In millions) Total current assets $ 690.1 $ 703.9 Goodwill and other intangible assets, net 7,535.7 7,751.4 Other assets 1,041.4 1,016.6 Total assets $ 9,267.2 $ 9,471.9 Current liabilities $ 974.6 $ 1,102.6 Long-term debt 3,613.0 3,552.2 Other non-current liabilities 1,230.0 1,308.7 Total liabilities 5,817.6 5,963.5 Total equity 3,449.6 3,508.4 Total liabilities and equity $ 9,267.2 $ 9,471.9 Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In millions) Total revenues $ 554.7 $ 537.3 $ 1,095.1 $ 1,073.3 Operating income 16.5 29.7 24.4 46.1 Loss before income taxes (37.0) (0.7) (82.4) (40.5) Net loss (18.8) — (51.6) (29.8) Less: net earnings attributable to noncontrolling interest 0.6 1.8 1.5 3.3 Net loss attributable to Dun & Bradstreet (19.4) (1.8) (53.1) (33.1)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, respectively: June 30, 2023 Level 1 Level 2 Level 3 Total (In millions) Assets: Cash and cash equivalents $ 112.7 $ — $ — $ 112.7 Short-term investments 53.6 — — 53.6 Ceridian 334.9 — — 334.9 Total assets $ 501.2 $ — $ — $ 501.2 December 31, 2022 Level 1 Level 2 Level 3 Total (In millions) Assets: Cash and cash equivalents $ 247.7 $ — $ — 247.7 Short-term investments 34.9 — — 34.9 Ceridian 384.9 — — 384.9 Total assets $ 667.5 $ — $ — $ 667.5

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The table below summarizes select information related to variable interests held by the Company as of June 30, 2023 and December 31, 2022, of which we are not the primary beneficiary: June 30, 2023 December 31, 2022 Total Assets Maximum Exposure Total Assets Maximum Exposure (in millions) Investments in unconsolidated affiliates $ 220.5 $ 220.5 $ 138.3 $ 138.3

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Summary of Financial Information Concerning Reportable Segments	As of and for the three months ended June 30, 2023: Restaurant Group Dun & Bradstreet Paysafe Alight Sightline Corporate and Other Affiliate Elimination Total (in millions) Restaurant revenues $ 145.2 $ — $ — $ — $ — $ — $ — $ 145.2 Other operating revenues — 554.7 387.8 806.0 8.6 7.6 (1,757.1) 7.6 Revenues from external customers 145.2 554.7 387.8 806.0 8.6 7.6 (1,757.1) 152.8 Interest, investment and other income, including recognized gains (losses), net (0.2) 2.6 2.5 (15.0) 0.1 (39.3) 9.8 (39.5) Total revenues, other income and realized gains (losses), net 145.0 557.3 390.3 791.0 8.7 (31.7) (1,747.3) 113.3 Depreciation and amortization 4.3 145.0 63.5 106.0 1.9 0.3 (316.4) 4.6 Interest expense (1.3) (56.1) (37.5) (33.0) — (2.7) 126.6 (4.0) (Loss) earnings before income taxes and equity in earnings (losses) of unconsolidated affiliates (6.6) (37.0) 0.1 (69.0) (9.6) (56.5) 115.5 (63.1) Income tax (benefit) expense — (17.5) 3.9 3.0 — (21.8) 10.6 (21.8) (Loss) earnings, before equity in (losses) earnings of unconsolidated affiliates (6.6) (19.5) (3.8) (72.0) (9.6) (34.7) 104.9 (41.3) Equity in earnings (losses) of unconsolidated affiliates — 0.7 — — — (31.3) (18.5) (49.1) Net (loss) earnings $ (6.6) $ (18.8) $ (3.8) $ (72.0) $ (9.6) $ (66.0) $ 86.4 $ (90.4) Assets $ 318.4 $ 9,267.2 $ 5,734.6 $ 10,772.0 $ 169.1 $ 2,677.2 $ (25,942.9) $ 2,995.6 Goodwill 53.4 3,422.4 2,009.1 3,681.0 109.0 — (9,221.5) 53.4 As of and for the three months ended June 30, 2022: Restaurant Group Dun & Bradstreet Paysafe Alight Sightline Corporate Affiliate Elimination Total (in millions) Restaurant revenues $ 166.7 $ — $ — $ — $ — $ — $ — $ 166.7 Other operating revenues — 537.3 367.7 715.0 13.9 7.8 (1,633.9) 7.8 Revenues from external customers 166.7 537.3 367.7 715.0 13.9 7.8 (1,633.9) 174.5 Interest investment and other income (expense), including recognized gains (losses), net 2.0 11.5 3.5 95.0 — (195.5) (110.0) (193.5) Total revenues, other income and recognized gains (losses), net 168.7 548.8 371.2 810.0 13.9 (187.7) (1,743.9) (19.0) Depreciation and amortization 5.6 147.0 63.4 13.0 1.5 0.6 (224.9) 6.2 Interest expense (1.1) (41.9) (26.0) (29.0) — (1.5) 96.9 (2.6) (Loss) earnings before income taxes and equity in earnings (losses) of unconsolidated affiliates (2.5) (0.7) (1,214.2) 43.0 (5.9) (220.6) 1,177.8 (223.1) Income tax (benefit) expense — (0.1) (43.4) (9.0) — (66.5) 52.5 (66.5) (Loss) earnings before equity in earnings of unconsolidated affiliates (2.5) (0.6) (1,170.8) 52.0 (5.9) (154.1) 1,125.3 (156.6) Equity in earnings (losses) of unconsolidated affiliates (0.1) 0.6 — — — (6.9) (101.6) (108.0) Net (loss) earnings $ (2.6) $ — $ (1,170.8) $ 52.0 $ (5.9) $ (161.0) $ 1,023.7 $ (264.6) Assets $ 359.0 $ 9,696.6 $ 6,501.3 $ 10,878.0 $ 176.2 $ 2,829.1 $ (27,252.1) $ 3,188.1 Goodwill 53.4 3,437.1 2,712.8 3,624.0 108.9 — (9,882.8) 53.4 As of and for the six months ended June 30, 2023: Restaurant Group Dun & Bradstreet Paysafe Alight Sightline Corporate and Other Affiliate Elimination Total (in millions) Restaurant revenues $ 293.7 $ — $ — $ — $ — $ — $ — $ 293.7 Other operating revenues — 1,095.1 771.3 1,637.0 17.9 13.4 (3,521.3) 13.4 Revenues from external customers 293.7 1,095.1 771.3 1,637.0 17.9 13.4 (3,521.3) 307.1 Interest, investment and other income, including recognized gains (losses), net (0.1) 4.6 (11.6) (51.0) 1.8 15.5 56.2 15.4 Total revenues and other income 293.6 1,099.7 759.7 1,586.0 19.7 28.9 (3,465.1) 322.5 Depreciation and amortization 8.9 290.4 131.2 210.0 4.2 0.8 (635.8) 9.7 Interest expense (2.6) (111.4) (75.1) (66.0) — (5.8) 252.5 (8.4) Loss before income taxes and equity in earnings (losses) of unconsolidated affiliates (11.1) (82.4) (33.5) (151.0) (16.4) (24.2) 283.3 (35.3) Income tax benefit 0.5 (29.3) 4.1 (5.0) — (19.7) 30.2 (19.2) Loss before equity in (losses) earnings of unconsolidated affiliates (11.6) (53.1) (37.6) (146.0) (16.4) (4.5) 253.1 (16.1) Equity in earnings (losses) of unconsolidated affiliates — 1.5 — — — (42.0) (40.7) (81.2) Net (loss) earnings $ (11.6) $ (51.6) $ (37.6) $ (146.0) $ (16.4) $ (46.5) $ 212.4 $ (97.3) Assets $ 318.4 $ 9,267.2 $ 5,734.6 $ 10,772.0 $ 169.1 $ 2,677.2 $ (25,942.9) $ 2,995.6 Goodwill 53.4 3,422.4 2,009.1 3,681.0 109.0 — (9,221.5) 53.4 As of and for the six months ended June 30, 2022: Restaurant Group Dun & Bradstreet Paysafe Alight Sightline Corporate Affiliate Elimination Total (in millions) Restaurant revenues $ 328.8 $ — $ — $ — $ — $ — $ — $ 328.8 Other operating revenues — 1,073.3 739.3 1,440.0 27.9 13.1 (3,280.5) 13.1 Revenues from external customers 328.8 1,073.3 739.3 1,440.0 27.9 13.1 (3,280.5) 341.9 Interest investment and other income, including recognized gains (losses), net 1.4 2.5 67.6 114.0 — (460.1) (184.1) (458.7) Total revenues and other income 330.2 1,075.8 806.9 1,554.0 27.9 (447.0) (3,464.6) (116.8) Depreciation and amortization 10.9 296.4 127.4 194.0 3.7 1.1 (621.5) 12.0 Interest expense (2.2) (89.1) (47.5) (58.0) — (2.8) 194.6 (5.0) (Loss) earnings before income taxes and equity in earnings (losses) of unconsolidated affiliates (7.8) (40.5) (1,142.7) 31.0 (12.9) (558.5) 1,165.1 (566.3) Income tax expense (benefit) (0.7) (9.4) (62.4) (8.0) — (127.7) 79.8 (128.4) (Loss) earnings before equity in earnings (losses) of unconsolidated affiliates (7.1) (31.1) (1,080.3) 39.0 (12.9) (430.8) 1,085.3 (437.9) Equity in earnings (losses) of unconsolidated affiliates — 1.3 — — — 23.2 (100.6) (76.1) Net (loss) earnings $ (7.1) $ (29.8) $ (1,080.3) $ 39.0 $ (12.9) $ (407.6) $ 984.7 $ (514.0) Assets $ 359.0 $ 9,696.6 $ 6,501.3 10,878.0 $ 176.2 $ 2,829.1 $ (27,252.1) $ 3,188.1 Goodwill 53.4 3,437.1 2,712.8 3,624.0 108.9 — (9,882.8) 53.4

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Our revenue consists of: Three Months Ended June 30, Six months ended June 30, 2023 2022 2023 2022 Revenue Stream Segment Total Revenue Restaurant revenue: (in millions) Restaurant sales Restaurant Group $ 145.2 $ 166.5 $ 293.7 $ 328.2 Other Restaurant Group — 0.2 — 0.6 Total restaurant revenue 145.2 166.7 293.7 328.8 Other operating revenue: Real estate and resort Corporate and other 7.5 7.7 13.2 12.6 Other Corporate and other 0.1 0.1 0.2 0.5 Total other operating revenue 7.6 7.8 13.4 13.1 Total operating revenues $ 152.8 $ 174.5 $ 307.1 $ 341.9
Contract Balances	The following table provides information about trade receivables and deferred revenue: June 30, 2023 December 31, 2022 (In millions) Trade receivables, net $ 5.4 $ 7.1 Deferred revenue (contract liabilities) 14.2 18.6

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Notes Payable	Notes payable, net consists of the following: June 30, 2023 December 31, 2022 (In millions) 2020 Margin Facility $ — $ — FNF Revolver 84.7 84.7 Other 18.6 12.7 Notes payable, total $ 103.3 $ 97.4 Less: Notes payable, current 5.0 2.3 Notes payable, long term $ 98.3 $ 95.1
Gross Principal Maturities of Notes Payable	Gross principal maturities of notes payable at June 30, 2023 are as follows (in millions): 2023 (remaining) $ 5.2 2024 1.1 2025 85.8 2026 8.9 2027 0.6 Thereafter 2.7 Total $ 104.3

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Purchase Obligations	Purchase obligations as of June 30, 2023 are as follows (in millions): 2023 (remaining) $ 43.6 2024 8.4 2025 6.3 2026 4.6 2027 — Thereafter — Total purchase commitments $ 62.9

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow information	The following supplemental cash flow information is provided with respect to certain cash payments, as well as certain non-cash investing and financing activities. Six months ended June 30, 2023 2022 (In millions) Cash paid during the period: Interest $ 7.0 $ 4.0 Income taxes 3.3 64.3 Non-cash investing and financing activities: D&B shares received as partial consideration for the Optimal Blue Disposition — 435.0

Basis of Financial Statements -

Basis of Financial Statements - Recent Developments (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions			1 Months Ended		6 Months Ended
	Apr. 26, 2023	Feb. 09, 2023	Aug. 09, 2023	Feb. 28, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Line of Credit Facility [Line Items]
Dividends from investment in unconsolidated affiliate					$ 7.9	$ 0
Aggregate investment value					1,972.5		$ 1,950.7
Equity investment					$ 96.1	$ 0
Ceridian
Line of Credit Facility [Line Items]
Owned investment (in shares)					5
Percentage of ownership after sale of stock transaction					3.20%
Dun & Bradstreet
Line of Credit Facility [Line Items]
Owned investment (in shares)					79
Common stock, dividends declared (in usd per share)	$ 0.05	$ 0.05
Dividends from investment in unconsolidated affiliate					$ 7.9
Ownership percentage					18%
Aggregate investment value					$ 835.2		857.1
BKFE
Line of Credit Facility [Line Items]
Ownership percentage					50.10%
Aggregate investment value					$ 84.4		$ 52.2
Equity investment					$ 44
BKFE | Subsequent Event
Line of Credit Facility [Line Items]
Equity investment			$ 40.8
Underwritten Secondary Public Offering | Ceridian
Line of Credit Facility [Line Items]
Sale of stock (in shares)				1
Proceeds from sale of stock				$ 78

Basis of Financial Statements_2

Basis of Financial Statements -Other Developments (Details) - USD ($) $ / shares in Units, $ in Millions			1 Months Ended	3 Months Ended		6 Months Ended
	May 22, 2023	Aug. 03, 2022	Aug. 09, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Equity, Class of Treasury Stock [Line Items]
Stock repurchases				$ 60.4	$ 84.7	$ 60.4	$ 138.6
Equity investment						$ 96.1	$ 0
Minden Mill
Equity, Class of Treasury Stock [Line Items]
Equity investment	$ 52.1
Ownership percentage	89%
2022 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, period		3 years
Stock repurchase program, authorized amount (up to)		$ 10
Treasury stock repurchases (in shares)				3,065,804		3,065,804
Stock repurchases				$ 60.4		$ 60.4
Stock repurchase, average price per share (in usd per share)				$ 19.71		$ 19.71
2022 Repurchase Program | Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Treasury stock repurchases (in shares)			54,880
Stock repurchases			$ 1.1

Basis of Financial Statements_3

Basis of Financial Statements - Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Other operating expenses	$ 28.2	$ 31.4	$ 52.9	$ 102.1
Management Fee Expense Payable
Related Party Transaction [Line Items]
Other operating expenses	$ 9.6	10.6	$ 18.9	21.2
Management Fee Expense, Interest Payable
Related Party Transaction [Line Items]
Other operating expenses		$ 2.2		$ 47.4

Basis of Financial Statements_4

Basis of Financial Statements - Earnings Per Share (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Antidilutive shares excluded from calculation of diluted earnings per share (in shares)	0.4	0.1	0.4	0.1

Basis of Financial Statements_5

Basis of Financial Statements - Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Effective tax rate	34.50%	29.80%	54.40%	22.70%
Deferred tax asset	$ 47.6		$ 47.6		$ 22.7
Deferred tax liability					$ 22.7
Change in deferred taxes			$ (24.9)

Investments - Schedule of Inves

Investments - Schedule of Investments, Aggregate Fair Value of Ownership and Equity in (Losses) Earnings of Unconsolidated Affiliates (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 1,972.5		$ 1,972.5		$ 1,950.7
Equity in losses of unconsolidated affiliates	$ (49.1)	$ (108)	$ (81.2)	$ (76.1)
Dun & Bradstreet
Schedule of Equity Method Investments [Line Items]
Ownership (as percentage)	18%		18%
Investments in unconsolidated affiliates	$ 835.2		$ 835.2		857.1
Aggregate value of ownership based on quoted market price	914.6		914.6
Equity in losses of unconsolidated affiliates	(5.6)	(2.6)	(13.9)	(10.1)
Amortization expense for amortizable intangible assets	$ 2.1	2.1	$ 4.3	3.2
Alight
Schedule of Equity Method Investments [Line Items]
Ownership (as percentage)	9.70%		9.70%
Investments in unconsolidated affiliates	$ 525.1		$ 525.1		532.2
Aggregate value of ownership based on quoted market price	484.9		484.9
Equity in losses of unconsolidated affiliates	$ (7)	2.5	$ (14.1)	9.2
Sightline
Schedule of Equity Method Investments [Line Items]
Ownership (as percentage)	32.40%		32.40%
Investments in unconsolidated affiliates	$ 237.6		$ 237.6		247
Equity in losses of unconsolidated affiliates	(5)	(4.2)	(9.1)	(8.5)
Amortization expense for amortizable intangible assets	$ 1.9	1.9	$ 3.9	3.9
System1
Schedule of Equity Method Investments [Line Items]
Ownership (as percentage)	23.70%		23.70%
Investments in unconsolidated affiliates	$ 106.5		$ 106.5		127.4
Aggregate value of ownership based on quoted market price	122.1		122.1
Equity in losses of unconsolidated affiliates	$ (15.7)	(9.1)	$ (22.6)	3.7
BKFE
Schedule of Equity Method Investments [Line Items]
Ownership (as percentage)	50.10%		50.10%
Investments in unconsolidated affiliates	$ 84.4		$ 84.4		52.2
Equity in losses of unconsolidated affiliates	$ (15.6)	0	$ (16.9)	0
Paysafe
Schedule of Equity Method Investments [Line Items]
Ownership (as percentage)	5.50%		5.50%
Investments in unconsolidated affiliates	$ 33.3		$ 33.3		33.7
Aggregate value of ownership based on quoted market price	34.1		34.1
Equity in losses of unconsolidated affiliates	(0.2)	(96.7)	(2.1)	(89.9)
Other
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	150.4		150.4		$ 101.1
Equity in losses of unconsolidated affiliates	$ 0	$ 2.1	$ (2.5)	$ 19.5

Investments - Schedule of Summa

Investments - Schedule of Summarized Financial Information, Dun & Bradstreet (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Condensed Consolidated Balance Sheets
Total current assets	$ 190.1		$ 190.1			$ 310.6
Total assets	2,995.6	$ 3,188.1	2,995.6	$ 3,188.1		3,125.5
Current liabilities	127.9		127.9			122.7
Long-term debt	103.3		103.3			97.4
Total liabilities	413.6		413.6			410.6
Total equity	2,582	2,706.1	2,582	2,706.1	$ 2,718.6	2,714.9	$ 3,042.7	$ 3,341.1
Total liabilities and equity	2,995.6		2,995.6			3,125.5
Equity Method Investment, Financial Statement, Reported Amounts [Abstract]
Total revenues	113.3	(19)	322.5	(116.8)
Operating income	(19.6)	(27)	(42.3)	(102.6)
Net loss	(90.4)	(264.6)	(97.3)	(514)
Less: net earnings attributable to noncontrolling interest	(3.2)	(1.3)	(6)	(3.1)
Dun & Bradstreet
Condensed Consolidated Balance Sheets
Total current assets	690.1		690.1			703.9
Goodwill and other intangible assets, net	7,535.7		7,535.7			7,751.4
Other assets	1,041.4		1,041.4			1,016.6
Total assets	9,267.2		9,267.2			9,471.9
Current liabilities	974.6		974.6			1,102.6
Long-term debt	3,613		3,613			3,552.2
Other non-current liabilities	1,230		1,230			1,308.7
Total liabilities	5,817.6		5,817.6			5,963.5
Total equity	3,449.6		3,449.6			3,508.4
Total liabilities and equity	9,267.2		9,267.2			$ 9,471.9
Equity Method Investment, Financial Statement, Reported Amounts [Abstract]
Total revenues	554.7	537.3	1,095.1	1,073.3
Operating income	16.5	29.7	24.4	46.1
Loss before income taxes	(37)	(0.7)	(82.4)	(40.5)
Net loss	(18.8)	0	(51.6)	(29.8)
Less: net earnings attributable to noncontrolling interest	0.6	1.8	1.5	3.3
Net loss attributable to Dun & Bradstreet	$ (19.4)	$ (1.8)	$ (53.1)	$ (33.1)

Investments - Equity Securities

Investments - Equity Securities Gains (Losses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Net (losses) gains recognized during the period on equity securities	$ (40.3)	$ (152)	$ 18.9	$ (476.5)
Less: net (losses) gains recognized during the period on equity securities sold or transferred during the period	0	(24.3)	13.8	(132.2)
Unrealized (losses) gains recognized during the reporting period on equity securities held at the reporting date	$ (40.3)	$ (127.7)	$ 5.1	$ (344.3)

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Investments without readily determinable fair value, impairment	$ 9
AmeriLife and Other
Debt Securities, Available-for-sale [Line Items]
Investments without readily determinable fair value	$ 121.9	$ 114.8

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Assets:
Cash and cash equivalents	$ 112.7	$ 247.7
Short-term investments	53.6	34.9
Equity securities	334.9	384.9
Total assets	501.2	667.5
Ceridian
Assets:
Equity securities	334.9	384.9
Level 1
Assets:
Cash and cash equivalents	112.7	247.7
Short-term investments	53.6	34.9
Total assets	501.2	667.5
Level 1 | Ceridian
Assets:
Equity securities	334.9	384.9
Level 2
Assets:
Cash and cash equivalents	0	0
Short-term investments	0	0
Equity securities	0	0
Total assets	0	0
Level 3
Assets:
Cash and cash equivalents	0	0
Short-term investments	0	0
Equity securities	0	0
Total assets	$ 0	$ 0

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Variable Interest Entity [Line Items]
Assets	$ 2,995.6	$ 3,125.5	$ 3,188.1
BKFE | Payment Guarantee
Variable Interest Entity [Line Items]
Guarantor obligations	$ 65.2
Guarantor obligations, term	five years
Variable Interest Entity, Not Primary Beneficiary | Investments in unconsolidated affiliates
Variable Interest Entity [Line Items]
Assets	$ 220.5	138.3
Maximum Exposure	$ 220.5	$ 138.3

Segment Information - Summary o

Segment Information - Summary of Financial Information Concerning Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenues from external customers	$ 152.8	$ 174.5	$ 307.1	$ 341.9
Interest investment and other income (expense), including recognized gains( losses), net	(39.5)	(193.5)	15.4	(458.7)
Total revenues, other income and realized gains (losses), net	113.3	(19)	322.5	(116.8)
Depreciation and amortization	4.6	6.2	9.7	12
Interest expense	(4)	(2.6)	(8.4)	(5)
(Loss) earnings before income taxes and equity in earnings of unconsolidated affiliates	(63.1)	(223.1)	(35.3)	(566.3)
Income tax (benefit) expense	(21.8)	(66.5)	(19.2)	(128.4)
Loss before equity in losses of unconsolidated affiliates	(41.3)	(156.6)	(16.1)	(437.9)
Equity in earnings (losses) from equity investments	(49.1)	(108)	(81.2)	(76.1)
Net loss	(90.4)	(264.6)	(97.3)	(514)
Assets	2,995.6	3,188.1	2,995.6	3,188.1	$ 3,125.5
Goodwill	53.4	53.4	53.4	53.4	$ 53.4
Affiliate Elimination
Segment Reporting Information [Line Items]
Revenues from external customers	(1,757.1)	(1,633.9)	(3,521.3)	(3,280.5)
Interest investment and other income (expense), including recognized gains( losses), net	9.8	(110)	56.2	(184.1)
Total revenues, other income and realized gains (losses), net	(1,747.3)	(1,743.9)	(3,465.1)	(3,464.6)
Depreciation and amortization	(316.4)	(224.9)	(635.8)	(621.5)
Interest expense	126.6	96.9	252.5	194.6
(Loss) earnings before income taxes and equity in earnings of unconsolidated affiliates	115.5	1,177.8	283.3	1,165.1
Income tax (benefit) expense	10.6	52.5	30.2	79.8
Loss before equity in losses of unconsolidated affiliates	104.9	1,125.3	253.1	1,085.3
Equity in earnings (losses) from equity investments	(18.5)	(101.6)	(40.7)	(100.6)
Net loss	86.4	1,023.7	212.4	984.7
Assets	(25,942.9)	(27,252.1)	(25,942.9)	(27,252.1)
Goodwill	(9,221.5)	(9,882.8)	(9,221.5)	(9,882.8)
Restaurant revenue
Segment Reporting Information [Line Items]
Revenues from external customers	145.2	166.7	293.7	328.8
Restaurant revenue | Affiliate Elimination
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0	0
Other operating revenue
Segment Reporting Information [Line Items]
Revenues from external customers	7.6	7.8	13.4	13.1
Other operating revenue | Affiliate Elimination
Segment Reporting Information [Line Items]
Revenues from external customers	(1,757.1)	(1,633.9)	(3,521.3)	(3,280.5)
Restaurant Group
Segment Reporting Information [Line Items]
Revenues from external customers	145.2	166.7	293.7	328.8
Restaurant Group | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	145.2	166.7	293.7	328.8
Interest investment and other income (expense), including recognized gains( losses), net	(0.2)	2	(0.1)	1.4
Total revenues, other income and realized gains (losses), net	145	168.7	293.6	330.2
Depreciation and amortization	4.3	5.6	8.9	10.9
Interest expense	(1.3)	(1.1)	(2.6)	(2.2)
(Loss) earnings before income taxes and equity in earnings of unconsolidated affiliates	(6.6)	(2.5)	(11.1)	(7.8)
Income tax (benefit) expense	0	0	0.5	(0.7)
Loss before equity in losses of unconsolidated affiliates	(6.6)	(2.5)	(11.6)	(7.1)
Equity in earnings (losses) from equity investments	0	(0.1)	0	0
Net loss	(6.6)	(2.6)	(11.6)	(7.1)
Assets	318.4	359	318.4	359
Goodwill	53.4	53.4	53.4	53.4
Restaurant Group | Restaurant revenue
Segment Reporting Information [Line Items]
Revenues from external customers	145.2	166.5	293.7	328.2
Restaurant Group | Restaurant revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	145.2	166.7	293.7	328.8
Restaurant Group | Other operating revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0	0
Dun & Bradstreet | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	554.7	537.3	1,095.1	1,073.3
Interest investment and other income (expense), including recognized gains( losses), net	2.6	11.5	4.6	2.5
Total revenues, other income and realized gains (losses), net	557.3	548.8	1,099.7	1,075.8
Depreciation and amortization	145	147	290.4	296.4
Interest expense	(56.1)	(41.9)	(111.4)	(89.1)
(Loss) earnings before income taxes and equity in earnings of unconsolidated affiliates	(37)	(0.7)	(82.4)	(40.5)
Income tax (benefit) expense	(17.5)	(0.1)	(29.3)	(9.4)
Loss before equity in losses of unconsolidated affiliates	(19.5)	(0.6)	(53.1)	(31.1)
Equity in earnings (losses) from equity investments	0.7	0.6	1.5	1.3
Net loss	(18.8)	0	(51.6)	(29.8)
Assets	9,267.2	9,696.6	9,267.2	9,696.6
Goodwill	3,422.4	3,437.1	3,422.4	3,437.1
Dun & Bradstreet | Restaurant revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0	0
Dun & Bradstreet | Other operating revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	554.7	537.3	1,095.1	1,073.3
Paysafe | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	387.8	367.7	771.3	739.3
Interest investment and other income (expense), including recognized gains( losses), net	2.5	3.5	(11.6)	67.6
Total revenues, other income and realized gains (losses), net	390.3	371.2	759.7	806.9
Depreciation and amortization	63.5	63.4	131.2	127.4
Interest expense	(37.5)	(26)	(75.1)	(47.5)
(Loss) earnings before income taxes and equity in earnings of unconsolidated affiliates	0.1	(1,214.2)	(33.5)	(1,142.7)
Income tax (benefit) expense	3.9	(43.4)	4.1	(62.4)
Loss before equity in losses of unconsolidated affiliates	(3.8)	(1,170.8)	(37.6)	(1,080.3)
Equity in earnings (losses) from equity investments	0	0	0	0
Net loss	(3.8)	(1,170.8)	(37.6)	(1,080.3)
Assets	5,734.6	6,501.3	5,734.6	6,501.3
Goodwill	2,009.1	2,712.8	2,009.1	2,712.8
Paysafe | Restaurant revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0	0
Paysafe | Other operating revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	387.8	367.7	771.3	739.3
Alight | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	806	715	1,637	1,440
Interest investment and other income (expense), including recognized gains( losses), net	(15)	95	(51)	114
Total revenues, other income and realized gains (losses), net	791	810	1,586	1,554
Depreciation and amortization	106	13	210	194
Interest expense	(33)	(29)	(66)	(58)
(Loss) earnings before income taxes and equity in earnings of unconsolidated affiliates	(69)	43	(151)	31
Income tax (benefit) expense	3	(9)	(5)	(8)
Loss before equity in losses of unconsolidated affiliates	(72)	52	(146)	39
Equity in earnings (losses) from equity investments	0	0	0	0
Net loss	(72)	52	(146)	39
Assets	10,772	10,878	10,772	10,878
Goodwill	3,681	3,624	3,681	3,624
Alight | Restaurant revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0	0
Alight | Other operating revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	806	715	1,637	1,440
Sightline | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	8.6	13.9	17.9	27.9
Interest investment and other income (expense), including recognized gains( losses), net	0.1	0	1.8	0
Total revenues, other income and realized gains (losses), net	8.7	13.9	19.7	27.9
Depreciation and amortization	1.9	1.5	4.2	3.7
Interest expense	0	0	0	0
(Loss) earnings before income taxes and equity in earnings of unconsolidated affiliates	(9.6)	(5.9)	(16.4)	(12.9)
Income tax (benefit) expense	0	0	0	0
Loss before equity in losses of unconsolidated affiliates	(9.6)	(5.9)	(16.4)	(12.9)
Equity in earnings (losses) from equity investments	0	0	0	0
Net loss	(9.6)	(5.9)	(16.4)	(12.9)
Assets	169.1	176.2	169.1	176.2
Goodwill	109	108.9	109	108.9
Sightline | Restaurant revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0	0
Sightline | Other operating revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	8.6	13.9	17.9	27.9
Corporate and Other | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	7.6	7.8	13.4	13.1
Interest investment and other income (expense), including recognized gains( losses), net	(39.3)	(195.5)	15.5	(460.1)
Total revenues, other income and realized gains (losses), net	(31.7)	(187.7)	28.9	(447)
Depreciation and amortization	0.3	0.6	0.8	1.1
Interest expense	(2.7)	(1.5)	(5.8)	(2.8)
(Loss) earnings before income taxes and equity in earnings of unconsolidated affiliates	(56.5)	(220.6)	(24.2)	(558.5)
Income tax (benefit) expense	(21.8)	(66.5)	(19.7)	(127.7)
Loss before equity in losses of unconsolidated affiliates	(34.7)	(154.1)	(4.5)	(430.8)
Equity in earnings (losses) from equity investments	(31.3)	(6.9)	(42)	23.2
Net loss	(66)	(161)	(46.5)	(407.6)
Assets	2,677.2	2,829.1	2,677.2	2,829.1
Goodwill	0	0	0	0
Corporate and Other | Restaurant revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0	0
Corporate and Other | Other operating revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenues from external customers	$ 7.6	$ 7.8	$ 13.4	$ 13.1

Segment Information - Narrative

Segment Information - Narrative (Details)	Jun. 30, 2023
Dun & Bradstreet
Segment Reporting Information [Line Items]
Ownership (as percentage)	18%
Alight
Segment Reporting Information [Line Items]
Ownership (as percentage)	9.70%
Paysafe
Segment Reporting Information [Line Items]
Ownership (as percentage)	5.50%
Sightline
Segment Reporting Information [Line Items]
Ownership (as percentage)	32.40%
O'Charley's
Segment Reporting Information [Line Items]
Parent ownership percentage	65.40%
99 Restaurants
Segment Reporting Information [Line Items]
Parent ownership percentage	88.50%

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 152.8	$ 174.5	$ 307.1	$ 341.9
Restaurant Group
Disaggregation of Revenue [Line Items]
Total operating revenues	145.2	166.7	293.7	328.8
Total other operating revenue
Disaggregation of Revenue [Line Items]
Total operating revenues	7.6	7.8	13.4	13.1
Restaurant sales
Disaggregation of Revenue [Line Items]
Total operating revenues	145.2	166.7	293.7	328.8
Restaurant sales | Restaurant Group
Disaggregation of Revenue [Line Items]
Total operating revenues	145.2	166.5	293.7	328.2
Other | Restaurant Group
Disaggregation of Revenue [Line Items]
Total operating revenues	0	0.2	0	0.6
Other | Corporate and Other
Disaggregation of Revenue [Line Items]
Total operating revenues	0.1	0.1	0.2	0.5
Real estate and resort | Corporate and Other
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 7.5	$ 7.7	$ 13.2	$ 12.6

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Trade receivables, net	$ 5.4		$ 5.4		$ 7.1
Deferred revenue (contract liabilities)	14.2		14.2		$ 18.6
Revenue recognized that was included in deferred revenue	$ 3.1	$ 5.2	$ 4.8	$ 7.6

Notes Payable - Schedule of Not

Notes Payable - Schedule of Notes Payable (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Notes payable, total	$ 103.3	$ 97.4
Less: Notes payable, current	5	2.3
Notes payable, long term	98.3	95.1
2020 Margin Facility | Revolving credit facility
Debt Instrument [Line Items]
Notes payable, total	0	0
FNF Revolver | Revolving credit facility
Debt Instrument [Line Items]
Notes payable, total	84.7	84.7
Other | Notes payable
Debt Instrument [Line Items]
Notes payable, total	$ 18.6	$ 12.7

Notes Payable - Margin Facility

Notes Payable - Margin Facility (Details) - 2020 Margin Facility - Revolver Note - USD ($)	Jun. 30, 2023	Jun. 16, 2023	Jun. 15, 2023	Nov. 30, 2020
Line of Credit Facility [Line Items]
Aggregate borrowing capacity		$ 150,000,000	$ 250,000,000	$ 150,000,000
Option to increase limit	$ 500,000,000			$ 500,000,000
Line of credit outstanding balance	0
Amount available to be drawn	$ 150,000,000
Ceridian | Senior Lien
Line of Credit Facility [Line Items]
Common stock held as collateral for credit facility (in shares)	5,000,000
Dun & Bradstreet | Senior Lien
Line of Credit Facility [Line Items]
Common stock held as collateral for credit facility (in shares)	35,000,000

Notes Payable - FNF Revolver (D

Notes Payable - FNF Revolver (Details) - USD ($)	Nov. 17, 2017	Jun. 30, 2023
Line of Credit Facility [Line Items]
Debt outstanding		$ 104,300,000
Revolving credit facility | FNF Revolver
Line of Credit Facility [Line Items]
Aggregate borrowing capacity	$ 100,000,000
Debt instrument, term of automatic extension	5 years
Debt outstanding		$ 84,700,000
interest rate		9.77%
Available borrowing capacity		$ 0
Revolving credit facility | FNF Revolver | SOFR
Line of Credit Facility [Line Items]
Interest rate basis	4.50%

Notes Payable - Gross Principal

Notes Payable - Gross Principal Maturities of Notes Payable (Details) $ in Millions	Jun. 30, 2023 USD ($)
Debt Disclosure [Abstract]
2023 (remaining)	$ 5.2
2024	1.1
2025	85.8
2026	8.9
2027	0.6
Thereafter	2.7
Total Long Term Debt	$ 104.3

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	Mar. 10, 2023 USD ($)	Jun. 30, 2023 restaurant	Feb. 18, 2021 director
Commitments and Contingencies Disclosure [Abstract]
Number of restaurants | restaurant		1
Number of directors to be appointed | director			2
Litigation settlement, amount awarded from other party | $	$ 6

Commitments and Contingencies_2

Commitments and Contingencies - Purchase Obligations (Details) $ in Millions	Jun. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2023 (remaining)	$ 43.6
2024	8.4
2025	6.3
2026	4.6
2027	0
Thereafter	0
Total purchase commitments	$ 62.9

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash paid during the period:
Interest	$ 7	$ 4
Income taxes	3.3	64.3
Non-cash investing and financing activities:
D&B shares received as partial consideration for the Optimal Blue Disposition	$ 0	$ 435