Equifax (EFX) 10-Q 25 Jul 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Jul. 07, 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	001-06605
Entity Registrant Name	EQUIFAX INC
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-0401110
Entity Address, Address Line One	1550 Peachtree Street
Entity Address, Address Line Two	N.W.
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30309
City Area Code	404
Local Phone Number	885-8000
Title of 12(b) Security	Common stock, $1.25 par value per share
Trading Symbol	EFX
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		122,720,094
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000033185
Current Fiscal Year End Date	--12-31

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Operating revenue	$ 1,317.6	$ 1,316.7	$ 2,619.6	$ 2,680
Operating expenses:
Cost of services (exclusive of depreciation and amortization below)	588	542.1	1,168.4	1,095.5
Selling, general and administrative expenses	343.1	330.2	709.2	670.5
Depreciation and amortization	149.6	139.8	299.8	276.9
Total operating expenses	1,080.7	1,012.1	2,177.4	2,042.9
Operating income	236.9	304.6	442.2	637.1
Interest expense	(60.7)	(41.6)	(118.3)	(81.4)
Other income, net	15.9	1.8	20.4	12.9
Consolidated income before income taxes	192.1	264.8	344.3	568.6
Provision for income taxes	(52.7)	(63.4)	(91.4)	(144.4)
Consolidated net income	139.4	201.4	252.9	424.2
Less: Net income attributable to noncontrolling interests including redeemable noncontrolling interests	(1.1)	(0.8)	(2.3)	(1.8)
Net income attributable to Equifax	$ 138.3	$ 200.6	$ 250.6	$ 422.4
Basic earnings per common share:
Net income attributable to Equifax (in dollars per share)	$ 1.13	$ 1.64	$ 2.04	$ 3.45
Weighted-average shares used in computing basic earnings per share (in shares)	122.7	122.4	122.6	122.3
Diluted earnings per common share:
Net income attributable to Equifax (in dollars per share)	$ 1.12	$ 1.63	$ 2.03	$ 3.42
Weighted-average shares used in computing diluted earnings per share (in shares)	123.8	123.3	123.7	123.4
Dividends per common share (in dollars per share)	$ 0.39	$ 0.39	$ 0.78	$ 0.78

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income	$ 139.4	$ 201.4	$ 252.9	$ 424.2
Other comprehensive income (loss):
Foreign currency translation adjustment	15	(196.1)	27.9	(118.4)
Change in unrecognized prior service cost related to our pension and other postretirement benefit plans, net	0	(0.5)	0	(0.8)
Comprehensive income	154.4	4.8	280.8	305
Equifax Shareholders
Net income	138.3	200.6	250.6	422.4
Other comprehensive income (loss):
Foreign currency translation adjustment	15.2	(196.2)	27.8	(118.2)
Change in unrecognized prior service cost related to our pension and other postretirement benefit plans, net	0	(0.5)	0	(0.8)
Comprehensive income	153.5	3.9	278.4	303.4
Noncontrolling Interests
Net income	1.1	0.8	2.3	1.8
Other comprehensive income (loss):
Foreign currency translation adjustment	(0.2)	0.1	0.1	(0.2)
Change in unrecognized prior service cost related to our pension and other postretirement benefit plans, net	0	0	0	0
Comprehensive income	$ 0.9	$ 0.9	$ 2.4	$ 1.6

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 164.1	$ 285.2
Trade accounts receivable, net of allowance for doubtful accounts of $17.0 and $19.1 at June 30, 2023 and December 31, 2022, respectively	935.9	857.7
Prepaid expenses	148.7	134.3
Other current assets	66.7	93.3
Total current assets	1,315.4	1,370.5
Property and equipment:
Capitalized internal-use software and system costs	2,350.9	2,139.1
Data processing equipment and furniture	284.2	281.4
Land, buildings and improvements	264.9	261.6
Total property and equipment	2,900	2,682.1
Less accumulated depreciation and amortization	(1,178)	(1,095.1)
Total property and equipment, net	1,722	1,587
Goodwill	6,401.2	6,383.9
Indefinite-lived intangible assets	94.9	94.8
Purchased intangible assets, net	1,699.1	1,818.5
Other assets, net	305.3	293.2
Total assets	11,537.9	11,547.9
Current liabilities:
Short-term debt and current maturities of long-term debt	169.1	967.2
Accounts payable	148.3	250.8
Accrued expenses	271.1	229
Accrued salaries and bonuses	128.8	138.7
Deferred revenue	109.7	132.9
Other current liabilities	265.2	296.6
Total current liabilities	1,092.2	2,015.2
Long-term debt	5,503	4,820.1
Deferred income tax liabilities, net	460.5	460.3
Long-term pension and other postretirement benefit liabilities	97.4	100.4
Other long-term liabilities	176.5	178.6
Total liabilities	7,329.6	7,574.6
Commitments and Contingencies (see Note 6)
Equifax shareholders' equity:
Preferred stock, $0.01 par value: Authorized shares - 10.0; Issued shares - none	0	0
Common stock, $1.25 par value: Authorized shares - 300.0; Issued shares - 189.3 at June 30, 2023 and December 31, 2022; Outstanding shares - 122.7 and 122.5 at June 30, 2023 and December 31, 2022, respectively	236.6	236.6
Paid-in capital	1,650.5	1,594.2
Retained earnings	5,410.5	5,256
Accumulated other comprehensive loss	(445.9)	(473.7)
Treasury stock, at cost, 66.0 shares and 66.2 shares at June 30, 2023 and December 31, 2022, respectively	(2,654.6)	(2,650.7)
Stock held by employee benefit trusts, at cost, 0.6 shares at June 30, 2023 and December 31, 2022	(5.9)	(5.9)
Total Equifax shareholders’ equity	4,191.2	3,956.5
Noncontrolling interests including redeemable noncontrolling interests	17.1	16.8
Total equity	4,208.3	3,973.3
Total liabilities and equity	$ 11,537.9	$ 11,547.9

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 17	$ 19.1
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1.25	$ 1.25
Common stock, authorized (in shares)	300,000,000	300,000,000
Common stock, issued (in shares)	189,300,000	189,300,000
Common stock, outstanding (in shares)	122,700,000	122,500,000
Treasury stock (in shares)	66,000,000	66,200,000
Stock held by employee benefits trusts (in shares)	600,000	600,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities:
Consolidated net income	$ 252.9	$ 424.2
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization	304.3	281.2
Stock-based compensation expense	52.2	36.7
Deferred income taxes	(5.6)	26.7
Gain on fair market value adjustment and gain on sale of equity investments	(13.6)	(2.4)
Changes in assets and liabilities, excluding effects of acquisitions:
Accounts receivable, net	(75.3)	(170.5)
Other assets, current and long-term	(10)	(43.4)
Current and long term liabilities, excluding debt	(91.9)	(475.7)
Cash provided by operating activities	413	76.8
Investing activities:
Capital expenditures	(321.3)	(315.4)
Acquisitions, net of cash acquired	(4.3)	(111.4)
Cash received from divestitures	6.9	98.1
Cash used in investing activities	(318.7)	(328.7)
Financing activities:
Net short-term borrowings	(411.2)	386.7
Payments on long-term debt	(575)	0
Borrowings on long-term debt	872.9	0
Dividends paid to Equifax shareholders	(95.6)	(95.7)
Dividends paid to noncontrolling interests	(2.1)	(2.4)
Proceeds from exercise of stock options and employee stock purchase plan	16.5	8.7
Payment of taxes related to settlement of equity awards	(16.9)	(32.3)
Debt issuance costs	(5.8)	0
Cash (used in) provided by financing activities	(217.2)	265
Effect of foreign currency exchange rates on cash and cash equivalents	1.8	(14.2)
Decrease in cash and cash equivalents	(121.1)	(1.1)
Cash and cash equivalents, beginning of period	285.2	224.7
Cash and cash equivalents, end of period	$ 164.1	$ 223.6

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Stock Held By Employee Benefits Trusts	Noncontrolling Interests
Beginning Balance (in shares) at Dec. 31, 2021		122.1
Beginning Balance at Dec. 31, 2021	$ 3,601.2	$ 236.6	$ 1,536.7	$ 4,751.6	$ (295.4)	$ (2,639.2)	$ (5.9)	$ 16.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	424.2			422.4				1.8
Other comprehensive income (loss)	(119.2)				(119)			(0.2)
Shares issued under stock and benefit plans, net of minimum tax withholdings (in shares)		0.3
Shares issued under stock and benefit plans, net of minimum tax withholdings	(23.8)		(10.4)			(13.4)
Cash dividends	(95.9)			(95.9)
Dividends paid to employee benefits trusts	0.2		0.2
Stock-based compensation expense	36.7		36.7
Dividends paid to noncontrolling interests	(2.4)							(2.4)
Ending Balance (in shares) at Jun. 30, 2022		122.4
Ending Balance at Jun. 30, 2022	3,821	$ 236.6	1,563.2	5,078.1	(414.4)	(2,652.6)	(5.9)	16
Beginning Balance (in shares) at Mar. 31, 2022		122.3
Beginning Balance at Mar. 31, 2022	3,851.1	$ 236.6	1,548.8	4,925.5	(217.7)	(2,653.2)	(5.9)	17
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	201.4			200.6				0.8
Other comprehensive income (loss)	(196.6)				(196.7)			0.1
Shares issued under stock and benefit plans, net of minimum tax withholdings (in shares)		0.1
Shares issued under stock and benefit plans, net of minimum tax withholdings	0.4		(0.2)			0.6
Cash dividends	(48)			(48)
Dividends paid to employee benefits trusts	0.2		0.2
Stock-based compensation expense	14.4		14.4
Dividends paid to noncontrolling interests	(1.9)							(1.9)
Ending Balance (in shares) at Jun. 30, 2022		122.4
Ending Balance at Jun. 30, 2022	3,821	$ 236.6	1,563.2	5,078.1	(414.4)	(2,652.6)	(5.9)	16
Beginning Balance (in shares) at Dec. 31, 2022		122.5
Beginning Balance at Dec. 31, 2022	3,973.3	$ 236.6	1,594.2	5,256	(473.7)	(2,650.7)	(5.9)	16.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	252.9			250.6				2.3
Other comprehensive income (loss)	27.9				27.8			0.1
Shares issued under stock and benefit plans, net of minimum tax withholdings (in shares)		0.2
Shares issued under stock and benefit plans, net of minimum tax withholdings	(0.3)		3.6			(3.9)
Cash dividends	(96.1)			(96.1)
Dividends paid to employee benefits trusts	0.5		0.5
Stock-based compensation expense	52.2		52.2
Dividends paid to noncontrolling interests	(2.1)							(2.1)
Ending Balance (in shares) at Jun. 30, 2023		122.7
Ending Balance at Jun. 30, 2023	4,208.3	$ 236.6	1,650.5	5,410.5	(445.9)	(2,654.6)	(5.9)	17.1
Beginning Balance (in shares) at Mar. 31, 2023		122.6
Beginning Balance at Mar. 31, 2023	4,082.2	$ 236.6	1,631.1	5,320.3	(461.1)	(2,657)	(5.9)	18.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	139.4			138.3				1.1
Other comprehensive income (loss)	15				15.2			(0.2)
Shares issued under stock and benefit plans, net of minimum tax withholdings (in shares)		0.1
Shares issued under stock and benefit plans, net of minimum tax withholdings	9		6.6			2.4
Cash dividends	(48.1)			(48.1)
Dividends paid to employee benefits trusts	0.2		0.2
Stock-based compensation expense	12.6		12.6
Dividends paid to noncontrolling interests	(2)							(2)
Ending Balance (in shares) at Jun. 30, 2023		122.7
Ending Balance at Jun. 30, 2023	$ 4,208.3	$ 236.6	$ 1,650.5	$ 5,410.5	$ (445.9)	$ (2,654.6)	$ (5.9)	$ 17.1

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends, per share (in dollars per share)	$ 0.39	$ 0.39	$ 0.78	$ 0.78

STATEMENT OF ACCUMULATED OTHER

STATEMENT OF ACCUMULATED OTHER COMPREHENISVE LOSS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Statement of Other Comprehensive Income [Abstract]
Foreign currency translation	$ (441.5)	$ (469.3)
Unrecognized prior service cost related to our pension and other postretirement benefit plans, net of accumulated tax of $1.1 and $1.2 at June 30, 2023 and December 31, 2022, respectively	(3.4)	(3.4)
#REF!	(1)	(1)
Accumulated other comprehensive loss	$ (445.9)	$ (473.7)

STATEMENT OF ACCUMULATED OTHE_2

STATEMENT OF ACCUMULATED OTHER COMPREHENISVE LOSS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Statement of Other Comprehensive Income [Abstract]
Unrecognized actual losses and prior service cost, related to pension and other postretirement benefit plans, accumulated tax	$ 1.1	$ 1.2
Cash flow hedging transaction, accumulated tax	$ 0.6

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES As used herein, the terms Equifax, the Company, we, our and us refer to Equifax Inc., a Georgia corporation, and its consolidated subsidiaries as a combined entity, except where it is clear that the terms mean only Equifax Inc. Nature of Operations. We collect, organize and manage various types of financial, demographic, employment, criminal justice data and marketing information. Our products and services enable businesses to make credit and service decisions, manage their portfolio risk, automate or outsource certain payroll-related, tax and human resources business processes, and develop marketing strategies concerning consumers and commercial enterprises. We serve customers across a wide range of industries, including the financial services, mortgage, retail, telecommunications, utilities, automotive, brokerage, healthcare and insurance industries, as well as government agencies. We also enable consumers to manage and protect their financial health through a portfolio of products offered directly to consumers. As of June 30, 2023, we operated in the following countries: Argentina, Australia, Canada, Chile, Costa Rica, Dominican Republic, Ecuador, El Salvador, Honduras, India, Ireland, Mexico, New Zealand, Paraguay, Peru, Portugal, Spain, the United Kingdom, or U.K., Uruguay and the United States of America, or U.S. We also have investments in consumer and/or commercial credit information companies through joint ventures in Cambodia, Malaysia and Singapore and have an investment in a consumer and commercial credit information company in Brazil. We develop, maintain and enhance secured proprietary information databases through the compilation of consumer specific data, including credit, income, employment, criminal justice data, asset, liquidity, net worth and spending activity, and business data, including credit and business demographics, that we obtain from a variety of sources, such as credit granting institutions, and income and tax information primarily from large to mid-sized companies in the U.S. We process this information utilizing our proprietary information management systems. We also provide information, technology and services to support debt collections and recovery management. Basis of Presentation. The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, the instructions to Form 10-Q and applicable sections of SEC Regulation S-X. This Form 10-Q should be read in conjunction with the Consolidated Financial Statements and the notes thereto included in our annual report on Form 10-K for the year ended December 31, 2022 (“2022 Form 10-K”). Our unaudited Consolidated Financial Statements reflect all adjustments which are, in the opinion of management, necessary for a fair presentation of the periods presented and are of a normal recurring nature. Earnings Per Share. Our basic earnings per share, or EPS, is calculated as net income attributable to Equifax divided by the weighted-average number of common shares outstanding during the reporting period. Diluted EPS is calculated to reflect the potential dilution that would occur if stock options or other contracts to issue common stock were exercised and resulted in additional common shares outstanding. The net income amounts used in both our basic and diluted EPS calculations are the same. A reconciliation of the weighted-average outstanding shares used in the two calculations is as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In millions) Weighted-average shares outstanding (basic) 122.7 122.4 122.6 122.3 Effect of dilutive securities: Stock options and restricted stock units 1.1 0.9 1.1 1.1 Weighted-average shares outstanding (diluted) 123.8 123.3 123.7 123.4 For the three and six months ended June 30, 2023 and 2022, stock options that were anti-dilutive were not material. Financial Instruments. Our financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable and short and long-term debt. The carrying amounts of these items, other than long-term debt, approximate their fair market values due to the short-term nature of these instruments. The fair value of our fixed-rate debt is determined using Level 2 inputs such as quoted market prices for publicly traded instruments, and for non-publicly traded instruments, through valuation techniques depending on the specific characteristics of the debt instrument, taking into account credit risk. As of June 30, 2023 and December 31, 2022, the fair value of our long-term debt, including the current portion, was $5.2 billion and $4.8 billion compared to its carrying value of $5.6 billion and $5.3 billion, respectively. Fair Value Measurements. Fair value is determined based on the assumptions marketplace participants use in pricing an asset or liability. We use a three level fair value hierarchy to prioritize the inputs used in valuation techniques between observable inputs that reflect quoted prices in active markets, inputs other than quoted prices with observable market data and unobservable data (e.g., a company’s own data). Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis. We completed one acquisition during the six months ended June 30, 2023 and multiple acquisitions during the year ended December 31, 2022. The values of net assets acquired were recorded at fair value using Level 3 inputs. The majority of the related current assets acquired and liabilities assumed were recorded at their carrying values as of the date of acquisition, as their carrying values approximated their fair values due to their short-term nature. The fair values of definite-lived intangible assets acquired in these acquisitions were estimated primarily based on the income approach. The income approach estimates fair value based on the present value of the cash flows that the assets are expected to generate in the future. We developed internal estimates for the expected cash flows and discount rates in the present value calculations. Trade Accounts Receivable and Allowance for Doubtful Accounts. Accounts receivable are stated at cost and are due in less than a year. Significant payment terms for customers are identified in the contract. We do not recognize interest income on our trade accounts receivable. Additionally, we generally do not require collateral from our customers related to our trade accounts receivable. The allowance for doubtful accounts is based on management's estimate for expected credit losses for outstanding trade accounts receivables. We determine expected credit losses based on historical write-off experience, an analysis of the aging of outstanding receivables, customer payment patterns, the establishment of specific reserves for customers in an adverse financial condition and adjusted based upon our expectations of changes in macroeconomic conditions that may impact the collectability of outstanding receivables. We reassess the adequacy of the allowance for doubtful accounts each reporting period. Increases to the allowance for doubtful accounts are recorded as bad debt expense, which are included in selling, general and administrative expenses on the accompanying Consolidated Statements of Income. Below is a rollforward of our allowance for doubtful accounts for the three and six months ended June 30, 2023 and 2022, respectively. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In millions) Allowance for doubtful accounts, beginning of period $ 20.1 $ 14.9 $ 19.1 $ 13.9 Current period bad debt expense 1.7 1.8 5.2 3.0 Write-offs, net of recoveries (4.8) (1.1) (7.3) (1.3) Allowance for doubtful accounts, end of period $ 17.0 $ 15.6 $ 17.0 $ 15.6 Other Current Assets. Other current assets on our Consolidated Balance Sheets primarily include amounts receivable related to vendor rebates and from tax authorities. Other current assets also include amounts in specifically designated accounts that hold the funds that are due to customers from our debt collection and recovery management services. As of June 30, 2023, these assets were $25.7 million, with a corresponding balance in other current liabilities. These amounts are restricted as to their current use and will be released according to the specific customer agreements. Other Assets. Other assets on our Consolidated Balance Sheets primarily represent our investments in unconsolidated affiliates, the Company’s operating lease right-of-use assets, employee benefit trust assets, assets related to life insurance policies covering certain officers of the Company and long-term deferred tax assets. Equity Investment. We record our equity investment in Brazil within Other Assets at fair value, using observable Level 1 inputs. The carrying value of the investment has been adjusted to $87.7 million as of June 30, 2023 based on quoted market prices, resulting in an unrealized gain of $4.3 million and $7.2 million for the three and six months ended June 30, 2023. The carrying value of the investment was $54.1 million as of June 30, 2022, resulting in an unrealized loss of $34.2 million and $6.4 million for the three and six months ended June 30, 2022. All unrealized gains or losses on these investments were recorded in Other income, net within the Consolidated Statements of Income. During the quarter ended June 30, 2023, we sold our interest in an equity investment. The overall sale proceeds exceeded the total carrying value of the investments, and we have recorded a gain of $6.2 million in Other income, net within the Consolidated Statements of Income. During the quarter ended June 30, 2022, we sold our interest in two equity investments. The overall sale proceeds exceeded the total carrying value of the investments, and we recorded a gain of $27.5 million in Other income, net within the Consolidated Statements of Income. Other Current Liabilities. Other current liabilities on our Consolidated Balance Sheets consist of the current portion of our operating lease liabilities and various accrued liabilities such as interest expense, income taxes, accrued employee benefits, and insurance expense. Other current liabilities also include the offset to other current assets related to amounts in specifically designated accounts that hold the funds that are due to customers from our debt collection and recovery management services. As of June 30, 2023, these funds were $25.7 million. These amounts are restricted as to their current use and will be released according to the specific customer agreements. Change in Accounting Principle. In October 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2021-08 “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” The update provides clarifying guidance to reduce diversity in practice stating that contract assets, contract liabilities and deferred revenue acquired in business combinations should be measured in accordance with Accounting Standards Topic 606, rather than the fair value principles of Accounting Standards Topic 805. ASU 2021-08 is effective for all public business entities for annual periods beginning after December 15, 2022. This guidance must be applied on a prospective basis. As of January 1, 2023, we have adopted this standard as it relates to our current year business combinations. The adoption of this guidance did not have a material impact on our financial position, results of operations or cash flows. Recent Accounting Pronouncements. In March 2020, the FASB issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” The update provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) contract modifications on financial reporting, caused by reference rate reform. ASU 2020-04 is effective for all entities as of March 12, 2020 through December 31, 2022. In December 2022, the FASB issued ASU No. 2022-06 "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848." The update extends the sunset date from ASU No. 2020-04 from December 31, 2022, to December 31, 2024. After this date, entities will no longer be permitted to apply the relief in Topic 848. We are still evaluating the impact, but do not expect the adoption of the standard to have a material impact on our Consolidated Financial Statements.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Revenue Recognition. Based on the information that management reviews internally for evaluating operating segment performance and nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors, we disaggregate revenue as follows: Three Months Ended June 30, Change Six Months Ended June 30, Change Consolidated Operating Revenue 2023 2022 $ % 2023 2022 $ % (In millions) (In millions) Verification Services $ 474.0 $ 504.5 $ (30.5) (6) % $ 929.8 1,017.8 $ (88.0) (9) % Employer Services 108.8 104.7 4.1 4 % 249.3 240.3 9.0 4 % Total Workforce Solutions 582.8 609.2 (26.4) (4) % 1,179.1 1,258.1 (79.0) (6) % Online Information Solutions 358.6 329.2 29.4 9 % 699.6 673.0 26.6 4 % Mortgage Solutions 30.3 36.8 (6.5) (18) % 63.5 80.3 (16.8) (21) % Financial Marketing Services 56.1 55.4 0.7 1 % 103.6 101.1 2.5 2 % Total U.S. Information Solutions 445.0 421.4 23.6 6 % 866.7 854.4 12.3 1 % Asia Pacific 87.7 90.1 (2.4) (3) % 177.6 176.6 1.0 1 % Europe 78.7 79.8 (1.1) (1) % 154.4 165.6 (11.2) (7) % Canada 66.5 64.0 2.5 4 % 129.6 125.7 3.9 3 % Latin America 56.9 52.2 4.7 9 % 112.2 99.6 12.6 13 % Total International 289.8 286.1 3.7 1 % 573.8 567.5 6.3 1 % Total operating revenue $ 1,317.6 $ 1,316.7 $ 0.9 — % $ 2,619.6 $ 2,680.0 $ (60.4) (2) % Remaining Performance Obligation – We have elected to disclose only the remaining performance obligations for those contracts with an expected duration of greater than one year and do not disclose the value of remaining performance obligations for contracts in which we recognize revenue at the amount to which we have the right to invoice. We expect to recognize as revenue the following amounts related to our remaining performance obligations as of June 30, 2023, inclusive of foreign exchange impact: Performance Obligation Amount (In millions) Less than 1 year $ 26.4 1 to 3 years 31.0 3 to 5 years 15.2 Thereafter 23.5 Total remaining performance obligation $ 96.1

ACQUISITIONS AND INVESTMENTS

ACQUISITIONS AND INVESTMENTS	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND INVESTMENTS	ACQUISITIONS AND INVESTMENTS 2023 Acquisitions and Investments. In the first quarter of 2023, the Company acquired a company in Canada, within the International operating segment.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill. Goodwill represents the cost in excess of the fair value of the net assets acquired in a business combination. Goodwill is tested for impairment at the reporting unit level on an annual basis and on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We perform our annual goodwill impairment test as of September 30. Changes in the amount of goodwill for the six months ended June 30, 2023, are as follows: Workforce Solutions U.S. International Total Balance, December 31, 2022 $ 2,520.8 $ 2,004.8 $ 1,858.3 $ 6,383.9 Acquisitions — — 4.4 4.4 Adjustments to initial purchase price allocation (0.1) 2.2 0.3 2.4 Foreign currency translation 0.1 — 10.4 10.5 Balance, June 30, 2023 $ 2,520.8 $ 2,007.0 $ 1,873.4 $ 6,401.2 Indefinite-Lived Intangible Assets. Indefinite-lived intangible assets consist of indefinite-lived reacquired rights representing the value of rights which we had granted to various affiliate credit reporting agencies that were reacquired in the U.S. and Canada. At the time we acquired these agreements, they were considered perpetual in nature under the accounting guidance in place at that time and, therefore, the useful lives are considered indefinite. Indefinite-lived intangible assets are not amortized. We are required to test indefinite-lived intangible assets for impairment annually and whenever events or circumstances indicate that there may be an impairment of the asset value. We perform our annual indefinite-lived intangible asset impairment test as of September 30, at which point the estimated fair value of our indefinite-lived intangibles exceeded the carrying value. Our indefinite-lived intangible asset carrying amounts did not change materially during the six months ended June 30, 2023. Purchased Intangible Assets. Purchased intangible assets represent the estimated acquisition date fair value of acquired intangible assets used in our business. Purchased data files represent the estimated fair value of consumer and commercial data files acquired through our acquisitions of various companies, including a fraud and identity solutions provider and independent credit reporting agencies in the U.S., Australia, Dominican Republic and Canada. We expense the cost of modifying and updating credit files in the period such costs are incurred. We amortize all of our purchased intangible assets on a straight-line basis. For additional information about the useful lives related to our purchased intangible assets, see Note 1 of the Notes to Consolidated Financial Statements in our 2022 Form 10-K. Purchased intangible assets at June 30, 2023 and December 31, 2022 consisted of the following: June 30, 2023 December 31, 2022 Gross Accumulated Net Gross Accumulated Net Definite-lived intangible assets: (In millions) Purchased data files $ 1,088.0 $ (562.9) $ 525.1 $ 1,090.0 $ (527.8) $ 562.2 Customer relationships 878.2 (442.9) 435.3 874.6 (407.4) 467.2 Proprietary database 706.3 (143.3) 563.0 705.9 (115.0) 590.9 Acquired software and technology 222.7 (57.4) 165.3 225.4 (42.6) 182.8 Trade names and other intangible assets 22.4 (19.0) 3.4 26.7 (19.6) 7.1 Non-compete agreements 14.5 (7.5) 7.0 14.5 (6.2) 8.3 Total definite-lived intangible assets $ 2,932.1 $ (1,233.0) $ 1,699.1 $ 2,937.1 $ (1,118.6) $ 1,818.5 Amortization expense related to purchased intangible assets was $60.3 million and $57.9 million during the three months ended June 30, 2023 and 2022, respectively. Amortization expense related to purchased intangible assets was $121.0 million and $115.2 million during the six months ended June 30, 2023 and 2022, respectively. Estimated future amortization expense related to definite-lived purchased intangible assets at June 30, 2023 is as follows: Years ending December 31, Amount (In millions) 2023 $ 119.6 2024 227.9 2025 223.1 2026 209.0 2027 196.2 Thereafter 723.3 $ 1,699.1

DEBT

DEBT	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
DEBT	DEBT Debt outstanding at June 30, 2023 and December 31, 2022 was as follows: June 30, 2023 December 31, 2022 (In millions) Commercial paper $ 156.0 $ 566.8 Notes, 3.95%, due June 2023 — 400.0 Notes, 2.6%, due December 2024 750.0 750.0 Notes, 2.6%, due December 2025 400.0 400.0 Notes, 3.25%, due June 2026 275.0 275.0 Term loan, due August 2026 700.0 700.0 Notes, 5.10%, due December 2027 750.0 750.0 Notes, 5.10%, due June 2028 700.0 — Debentures, 6.9%, due July 2028 125.0 125.0 Notes, 3.1%, due May 2030 600.0 600.0 Notes, 2.35%, due September 2031 1,000.0 1,000.0 Notes, 7.0%, due July 2037 250.0 250.0 Other — 0.4 Total debt 5,706.0 5,817.2 Less short-term debt and current maturities (169.1) (967.2) Less unamortized discounts and debt issuance costs (33.9) (29.9) Total long-term debt, net $ 5,503.0 $ 4,820.1 5.1% Senior Notes. In May 2023, we issued $700.0 million aggregate principal amount of 5.1% five 5.1% Senior Notes. In September 2022, we issued $750.0 million aggregate principal amount of 5.1% five liens and sale-leaseback transactions, as well as mergers and sales of substantially all of our assets. The 2027 Notes are unsecured and rank equally with all of our other unsecured and unsubordinated indebtedness. Senior Credit Facilities. In August 2021, we refinanced our existing unsecured revolving credit facility of $1.1 billion set to expire September 2023, and entered into a new $1.5 billion five-year unsecured revolving credit facility (the “Revolver”) and a new $700.0 million delayed draw term loan (“Term Loan”), collectively known as the “Senior Credit Facilities,” both of which mature in August 2026. In March 2023, we amended our Senior Credit Facilities agreement to adjust our debt covenant requirements and incorporate the Secured Overnight Financing Rate (SOFR) into our agreement, among other changes. Borrowings under the Senior Credit Facilities may be used for working capital, for capital expenditures, to refinance existing debt, to finance acquisitions and for other general corporate purposes. The Revolver includes an option to request a maximum of three one-year extensions of the maturity date any time after the first anniversary of the closing date of the Revolver. Availability of the Revolver is reduced by the outstanding principal balance of our commercial paper notes and by any letters of credit issued under the Revolver. As of June 30, 2023, there were $156.0 million of outstanding commercial paper notes, $0.4 million of letters of credit outstanding, no outstanding borrowings under the Revolver and $700.0 million outstanding under the Term Loan. Availability under the Revolver was $1,343.6 million at June 30, 2023. Commercial Paper Program. In the third quarter of 2021, we increased the size of our commercial paper (“CP”) program from $1.1 billion to $1.5 billion, consistent with the increase in our Revolver. The $1.5 billion CP program has been established through the private placement of commercial paper notes from time-to-time, in which borrowings may bear interest at either a variable or a fixed rate, plus the applicable margin. Maturities of CP can range from overnight to 397 days. Because the CP is backstopped by our Revolver, the amount of CP which may be issued under the program is reduced by the outstanding face amount of any letters of credit issued and by the outstanding borrowings under our Revolver. At June 30, 2023, there were $156.0 million of outstanding CP notes. We have disclosed the net short-term borrowing activity for the quarter ended June 30, 2023 in the Consolidated Statements of Cash Flows. There are no CP borrowings or payments with a maturity date greater than 90 days and less than 365 days for the three months ended June 30, 2023. For additional information about our debt agreements, see Note 5 of the Notes to Consolidated Financial Statements in our 2022 Form 10-K.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Canadian Class Actions . In 2017, we experienced a cybersecurity incident following a criminal attack on our systems that involved the theft of personal information of consumers. Five putative Canadian class actions, four of which are on behalf of a national class of approximately 19,000 Canadian consumers, are pending against us in Ontario, British Columbia and Alberta. Each of the proposed Canadian class actions asserts a number of common law and statutory claims seeking monetary damages and other related relief in connection with the 2017 cybersecurity incident. In addition to seeking class certification on behalf of Canadian consumers whose personal information was allegedly impacted by the 2017 cybersecurity incident, in some cases, plaintiffs also seek class certification on behalf of a larger group of Canadian consumers who had contracts for subscription products with Equifax around the time of the incident or earlier and were not impacted by the incident. On December 13, 2019, the court in Ontario granted certification of a nationwide class that includes all impacted Canadians as well as Canadians who had subscription products with Equifax between March 7, 2017 and July 30, 2017 who were not impacted by the incident. We appealed one of the claims on which a class was certified and on June 9, 2021, our appeal was granted by the Ontario Divisional Court. The plaintiff filed a notice of further appeal with the Ontario Court of Appeal, and on November 25, 2022, the Ontario Court of Appeal dismissed the plaintiff’s appeal and upheld the Divisional Court’s ruling in our favor. On January 24, 2023, the plaintiff appealed this decision to the Supreme Court of Canada, and on July 13, 2023, the Supreme Court of Canada dismissed the appeal. All remaining purported class actions are at preliminary stages or stayed. FCA Investigation . The U.K.’s Financial Conduct Authority (“FCA”) opened an enforcement investigation against our U.K. subsidiary, Equifax Limited, in October 2017 in connection with the 2017 cybersecurity incident. The investigation by the FCA has involved a number of information requirements and interviews. We have responded to the information requirements and continue to cooperate with the investigation. We have been advised by the FCA that it intends to send us a notice with the FCA's findings and proposed penalty, which we anticipate will result in the initiation of settlement discussions. At this time, we are unable to predict the outcome of this FCA investigation, including whether the investigation will result in any settlement, action or proceeding against us. Data Processing, Outsourcing Services and Other Agreements We have separate agreements with Google, Amazon Web Services, UST Global, Kyndryl and others to outsource portions of our network and security infrastructure, computer data processing operations, applications development, business continuity and recovery services, help desk service and desktop support functions, operation of our voice and data networks, maintenance and related functions and to provide certain other administrative and operational services. The agreements expire between 2023 and 2028. Annual payment obligations in regard to these agreements vary due to factors such as the volume of data processed; changes in our servicing needs as a result of new product offerings, acquisitions or divestitures; the introduction of significant new technologies; foreign currency; or the general rate of inflation. In certain circumstances (e.g., a change in control or for our convenience), we may terminate these data processing and outsourcing agreements, and, in doing so, certain of these agreements require us to pay significant termination fees. Guarantees and General Indemnifications We may issue standby letters of credit and performance and surety bonds in the normal course of business. The aggregate notional amounts of all performance and surety bonds and standby letters of credit was not material at June 30, 2023 and generally have a remaining maturity of one year or less. We may issue other guarantees in the ordinary course of business. The maximum potential future payments we could be required to make under the guarantees in the ordinary course of business was not material at June 30, 2023. We have agreed to guarantee the liabilities and performance obligations (some of which have limitations) of a certain debt collections and recovery management subsidiary under its commercial agreements. We have agreed to standard indemnification clauses in many of our lease agreements for office space, covering such things as tort, environmental and other liabilities that arise out of or relate to our use or occupancy of the leased premises. Certain of our credit agreements include provisions which require us to make payments to preserve an expected economic return to the lenders if that economic return is diminished due to certain changes in law or regulations. In conjunction with certain transactions, such as sales or purchases of operating assets or services in the ordinary course of business, or the disposition of certain assets or businesses, we sometimes provide routine indemnifications, the terms of which range in duration and sometimes are not limited. Additionally, the Company has entered into indemnification agreements with its directors and executive officers to indemnify such individuals to the fullest extent permitted by applicable law against liabilities that arise by reason of their status as directors or officers. The Company maintains directors and officers liability insurance coverage to reduce its exposure to such obligations. We cannot reasonably estimate our potential future payments under the guarantees and indemnities and related provisions described above because we cannot predict when and under what circumstances these provisions may be triggered. Contingencies In addition to the matters set forth above, we are involved in legal and regulatory matters, government investigations, claims and litigation arising in the ordinary course of business. We periodically assess our exposure related to these matters based on the information which is available. We have recorded accruals in our Consolidated Financial Statements for those matters in which it is probable that we have incurred a loss and the amount of the loss, or range of loss, can be reasonably estimated. For additional information about these and other commitments and contingencies, see Note 6 of the Notes to Consolidated Financial Statements in our 2022 Form 10-K.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES We are subject to U.S. federal, state and international income taxes. We are generally no longer subject to federal, state, or international income tax examinations by tax authorities for years before 2019 with a few exceptions. Due to the potential for resolution of state and foreign examinations, and the expiration of various statutes of limitations, it is reasonably possible that our gross unrecognized tax benefit balance may change within the next twelve months by a range of $0 to $8.5 million. Effective Tax Rate Our effective income tax rate was 27.4% for the three months ended June 30, 2023, compared to 23.9% for the three months ended June 30, 2022. Our effective income tax rate was 26.6% for the six months ended June 30, 2023, compared to 25.4% for the six months ended June 30, 2022. Our effective tax rate was higher for the second quarter of 2023 as compared to 2022 due to a greater foreign income tax rate differential and less favorable discrete items. Our effective rate was higher for the six months ended June 30, 2023 as compared to 2022 due to a greater foreign income tax rate differential.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in accumulated other comprehensive loss by component, after tax, for the six months ended June 30, 2023, are as follows: Foreign Pension and other Cash flow Total (In millions) Balance, December 31, 2022 $ (469.3) $ (3.4) $ (1.0) $ (473.7) Other comprehensive income 27.8 — — 27.8 Balance, June 30, 2023 $ (441.5) $ (3.4) $ (1.0) $ (445.9) Changes in accumulated other comprehensive loss related to noncontrolling interests were not material as of June 30, 2023.

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGES In the second quarter of 2023, we recorded $17.5 million ($12.4 million, net of tax) of restructuring charges, all of which were recorded in selling, general and administrative expenses within our Consolidated Statements of Income. In the fourth quarter of 2022, we recorded $24.0 million ($18.0 million, net of tax) of restructuring charges, all of which were recorded in selling, general and administrative expenses within our Consolidated Statements of Income. These charges were recorded to general corporate expense and resulted from our continuing efforts to realign our internal resources to support the Company’s strategic objectives and primarily relate to a reduction in headcount. As of June 30, 2023, $0.9 million and $19.7 million of the second quarter 2023 and fourth quarter 2022 restructuring charges have been paid, respectively, with the remaining future payments expected to be completed later in 2023.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Reportable Segments. We manage our business and report our financial results through the following three reportable segments, which are the same as our operating segments: – Workforce Solutions – U.S. Information Solutions (“USIS”) – International The accounting policies of the reportable segments are the same as those described in our summary of significant accounting policies in Note 1 of the Notes to Consolidated Financial Statements in our 2022 Form 10-K. We evaluate the performance of these reportable segments based on their operating revenue, operating income and operating margins, excluding any unusual or infrequent items, if any. The measurement criteria for segment profit or loss and segment assets are substantially the same for each reportable segment. Inter-segment sales and transfers are not material for all periods presented. All transactions between segments are accounted for at fair market value or cost depending on the nature of the transaction and no timing differences occur between segments. A summary of segment products and services is as follows: Workforce Solutions. This segment provides services enabling customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure and sanctions of people in the U.S. (Verification Services), as well as providing our employer customers with services that assist them in complying with and automating certain payroll-related and human resource management processes throughout the entire cycle of the employment relationship, including unemployment cost management, employee screening, employee onboarding, tax credits and incentives, I-9 management and compliance, immigration case management, tax form management services and Affordable Care Act management services. U.S. Information Solutions. This segment includes consumer and commercial information services (such as credit information and credit scoring, credit modeling services and portfolio analytics, locate services, fraud detection and prevention services, identity verification services and other consulting services); mortgage services; financial marketing services; identity management; and credit monitoring products sold to resellers or directly to consumers. International. This segment includes information services products, which includes consumer and commercial services (such as credit and financial information, credit scoring and credit modeling services), credit and other marketing products and services. In Asia Pacific, Europe, Latin America and Canada, we also provide information, technology and services to support debt collections and recovery management. In Europe and Canada, we also provide credit monitoring products to resellers or directly to consumers. Operating revenue and operating income by operating segment during the three and six months ended June 30, 2023 and 2022 are as follows: Three Months Ended Six Months Ended (In millions) June 30, June 30, Operating revenue: 2023 2022 2023 2022 Workforce Solutions $ 582.8 $ 609.2 $ 1,179.1 $ 1,258.1 U.S. Information Solutions 445.0 421.4 866.7 854.4 International 289.8 286.1 573.8 567.5 Total operating revenue $ 1,317.6 $ 1,316.7 $ 2,619.6 $ 2,680.0 Three Months Ended Six Months Ended (In millions) June 30, June 30, Operating income: 2023 2022 2023 2022 Workforce Solutions $ 244.6 $ 281.2 $ 493.4 $ 589.7 U.S. Information Solutions 102.8 112.0 181.4 233.5 International 34.4 32.4 67.0 69.4 General Corporate Expense (144.9) (121.0) (299.6) (255.5) Total operating income $ 236.9 $ 304.6 $ 442.2 $ 637.1 Total assets by operating segment at June 30, 2023 and December 31, 2022 are as follows: June 30, December 31, (In millions) 2023 2022 Total assets: Workforce Solutions $ 4,197.0 $ 4,156.5 U.S. Information Solutions 3,310.5 3,291.4 International 3,117.8 3,106.8 General Corporate 912.6 993.2 Total assets $ 11,537.9 $ 11,547.9

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income attributable to Equifax	$ 138.3	$ 200.6	$ 250.6	$ 422.4

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2023 shares	Jun. 30, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Officer Trading Arrangement [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		The following table describes any contracts, instructions or written plans for the sale or purchase of Equifax securities and intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act that were adopted by our directors and executive officers during the second quarter of 2023: Name and Title Date of Adoption of Rule 10b5-1 Trading Plan Scheduled Expiration Date of Rule 10b5-1 Trading Plan(1) Aggregate Number of Securities to Be Purchased or Sold Bryson R. Koehler, Executive Vice President, Chief Technology, Product and D&A Officer 5/15/23 11/20/23 Sale of up to 11,000 shares of common stock in multiple transactions (1) A trading plan may also expire on such earlier date that all transactions under the trading plan are completed.
Rule 10b5-1 Arrangement Adopted	true
Officer Trading Arrangement [Member] | Bryson R. Koehler [Member]
Trading Arrangements, by Individual
Name	Bryson R. Koehler
Title	Executive Vice President, Chief Technology, Product and D&A Officer
Adoption Date	5/15/23
Aggregate Available	11,000	11,000

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations. We collect, organize and manage various types of financial, demographic, employment, criminal justice data and marketing information. Our products and services enable businesses to make credit and service decisions, manage their portfolio risk, automate or outsource certain payroll-related, tax and human resources business processes, and develop marketing strategies concerning consumers and commercial enterprises. We serve customers across a wide range of industries, including the financial services, mortgage, retail, telecommunications, utilities, automotive, brokerage, healthcare and insurance industries, as well as government agencies. We also enable consumers to manage and protect their financial health through a portfolio of products offered directly to consumers. As of June 30, 2023, we operated in the following countries: Argentina, Australia, Canada, Chile, Costa Rica, Dominican Republic, Ecuador, El Salvador, Honduras, India, Ireland, Mexico, New Zealand, Paraguay, Peru, Portugal, Spain, the United Kingdom, or U.K., Uruguay and the United States of America, or U.S. We also have investments in consumer and/or commercial credit information companies through joint ventures in Cambodia, Malaysia and Singapore and have an investment in a consumer and commercial credit information company in Brazil. We develop, maintain and enhance secured proprietary information databases through the compilation of consumer specific data, including credit, income, employment, criminal justice data, asset, liquidity, net worth and spending activity, and business data, including credit and business demographics, that we obtain from a variety of sources, such as credit granting institutions, and income and tax information primarily from large to mid-sized companies in the U.S. We process this information utilizing our proprietary information management systems. We also provide information, technology and services to support debt collections and recovery management.
Basis of Presentation	Basis of Presentation. The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, the instructions to Form 10-Q and applicable sections of SEC Regulation S-X. This Form 10-Q should be read in conjunction with the Consolidated Financial Statements and the notes thereto included in our annual report on Form 10-K for the year ended December 31, 2022 (“2022 Form 10-K”).
Earnings Per Share	Earnings Per Share.  Our basic earnings per share, or EPS, is calculated as net income attributable to Equifax divided by the weighted-average number of common shares outstanding during the reporting period. Diluted EPS is calculated to reflect the potential dilution that would occur if stock options or other contracts to issue common stock were exercised and resulted in additional common shares outstanding. The net income amounts used in both our basic and diluted EPS calculations are the same.
Financial Instruments	Financial Instruments.  Our financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable and short and long-term debt. The carrying amounts of these items, other than long-term debt, approximate their fair market values due to the short-term nature of these instruments. The fair value of our fixed-rate debt is determined using Level 2 inputs such as quoted market prices for publicly traded instruments, and for non-publicly traded instruments, through valuation techniques depending on the specific characteristics of the debt instrument, taking into account credit risk.
Fair Value Measurements	Fair Value Measurements. Fair value is determined based on the assumptions marketplace participants use in pricing an asset or liability. We use a three level fair value hierarchy to prioritize the inputs used in valuation techniques between observable inputs that reflect quoted prices in active markets, inputs other than quoted prices with observable market data and unobservable data (e.g., a company’s own data). Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis. We completed one acquisition during the six months ended June 30, 2023 and multiple acquisitions during the year ended December 31, 2022. The values of net assets acquired were recorded at fair value using Level 3 inputs. The majority of the related current assets acquired and liabilities assumed were recorded at their carrying values as of the date of acquisition, as their carrying values approximated their fair values due to their short-term nature. The fair values of definite-lived intangible assets acquired in these acquisitions were estimated primarily based on the income approach. The income approach estimates fair value based on the present value of the cash flows that the assets are expected to generate in the future. We developed internal estimates for the expected cash flows and discount rates in the present value calculations.
Trade Accounts Receivable and Allowance for Doubtful Accounts	Trade Accounts Receivable and Allowance for Doubtful Accounts. Accounts receivable are stated at cost and are due in less than a year. Significant payment terms for customers are identified in the contract. We do not recognize interest income on our trade accounts receivable. Additionally, we generally do not require collateral from our customers related to our trade accounts receivable.
Other Current Assets	Other Current Assets.
Other Assets	Other Assets.  Other assets on our Consolidated Balance Sheets primarily represent our investments in unconsolidated affiliates, the Company’s operating lease right-of-use assets, employee benefit trust assets, assets related to life insurance policies covering certain officers of the Company and long-term deferred tax assets.
Equity Investment	Equity Investment. We record our equity investment in Brazil within Other Assets at fair value, using observable Level 1 inputs.
Other Current Liabilities	Other Current Liabilities. Other current liabilities on our Consolidated Balance Sheets consist of the current portion of our operating lease liabilities and various accrued liabilities such as interest expense, income taxes, accrued employee benefits, and insurance expense. Other current liabilities also include the offset to other current assets related to amounts in specifically designated accounts that hold the funds that are due to customers from our debt collection and recovery management services.
Recent Accounting Pronouncements	Change in Accounting Principle. In October 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2021-08 “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” The update provides clarifying guidance to reduce diversity in practice stating that contract assets, contract liabilities and deferred revenue acquired in business combinations should be measured in accordance with Accounting Standards Topic 606, rather than the fair value principles of Accounting Standards Topic 805. ASU 2021-08 is effective for all public business entities for annual periods beginning after December 15, 2022. This guidance must be applied on a prospective basis. As of January 1, 2023, we have adopted this standard as it relates to our current year business combinations. The adoption of this guidance did not have a material impact on our financial position, results of operations or cash flows. Recent Accounting Pronouncements. In March 2020, the FASB issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” The update provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) contract modifications on financial reporting, caused by reference rate reform. ASU 2020-04 is effective for all entities as of March 12, 2020 through December 31, 2022. In December 2022, the FASB issued ASU No. 2022-06 "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848." The update extends the sunset date from ASU No. 2020-04 from December 31, 2022, to December 31, 2024. After this date, entities will no longer be permitted to apply the relief in Topic 848. We are still evaluating the impact, but do not expect the adoption of the standard to have a material impact on our Consolidated Financial Statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Reconciliation of Weighted-Average Outstanding Shares used in Calculations of Basic and Diluted EPS	A reconciliation of the weighted-average outstanding shares used in the two calculations is as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In millions) Weighted-average shares outstanding (basic) 122.7 122.4 122.6 122.3 Effect of dilutive securities: Stock options and restricted stock units 1.1 0.9 1.1 1.1 Weighted-average shares outstanding (diluted) 123.8 123.3 123.7 123.4
Rollforward of Allowance for Doubtful Accounts	Below is a rollforward of our allowance for doubtful accounts for the three and six months ended June 30, 2023 and 2022, respectively. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In millions) Allowance for doubtful accounts, beginning of period $ 20.1 $ 14.9 $ 19.1 $ 13.9 Current period bad debt expense 1.7 1.8 5.2 3.0 Write-offs, net of recoveries (4.8) (1.1) (7.3) (1.3) Allowance for doubtful accounts, end of period $ 17.0 $ 15.6 $ 17.0 $ 15.6

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Based on the information that management reviews internally for evaluating operating segment performance and nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors, we disaggregate revenue as follows: Three Months Ended June 30, Change Six Months Ended June 30, Change Consolidated Operating Revenue 2023 2022 $ % 2023 2022 $ % (In millions) (In millions) Verification Services $ 474.0 $ 504.5 $ (30.5) (6) % $ 929.8 1,017.8 $ (88.0) (9) % Employer Services 108.8 104.7 4.1 4 % 249.3 240.3 9.0 4 % Total Workforce Solutions 582.8 609.2 (26.4) (4) % 1,179.1 1,258.1 (79.0) (6) % Online Information Solutions 358.6 329.2 29.4 9 % 699.6 673.0 26.6 4 % Mortgage Solutions 30.3 36.8 (6.5) (18) % 63.5 80.3 (16.8) (21) % Financial Marketing Services 56.1 55.4 0.7 1 % 103.6 101.1 2.5 2 % Total U.S. Information Solutions 445.0 421.4 23.6 6 % 866.7 854.4 12.3 1 % Asia Pacific 87.7 90.1 (2.4) (3) % 177.6 176.6 1.0 1 % Europe 78.7 79.8 (1.1) (1) % 154.4 165.6 (11.2) (7) % Canada 66.5 64.0 2.5 4 % 129.6 125.7 3.9 3 % Latin America 56.9 52.2 4.7 9 % 112.2 99.6 12.6 13 % Total International 289.8 286.1 3.7 1 % 573.8 567.5 6.3 1 % Total operating revenue $ 1,317.6 $ 1,316.7 $ 0.9 — % $ 2,619.6 $ 2,680.0 $ (60.4) (2) %
Remaining Performance Obligation	We expect to recognize as revenue the following amounts related to our remaining performance obligations as of June 30, 2023, inclusive of foreign exchange impact: Performance Obligation Amount (In millions) Less than 1 year $ 26.4 1 to 3 years 31.0 3 to 5 years 15.2 Thereafter 23.5 Total remaining performance obligation $ 96.1

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Amount of Goodwill	Changes in the amount of goodwill for the six months ended June 30, 2023, are as follows: Workforce Solutions U.S. International Total Balance, December 31, 2022 $ 2,520.8 $ 2,004.8 $ 1,858.3 $ 6,383.9 Acquisitions — — 4.4 4.4 Adjustments to initial purchase price allocation (0.1) 2.2 0.3 2.4 Foreign currency translation 0.1 — 10.4 10.5 Balance, June 30, 2023 $ 2,520.8 $ 2,007.0 $ 1,873.4 $ 6,401.2
Purchased Intangible Assets	Purchased intangible assets at June 30, 2023 and December 31, 2022 consisted of the following: June 30, 2023 December 31, 2022 Gross Accumulated Net Gross Accumulated Net Definite-lived intangible assets: (In millions) Purchased data files $ 1,088.0 $ (562.9) $ 525.1 $ 1,090.0 $ (527.8) $ 562.2 Customer relationships 878.2 (442.9) 435.3 874.6 (407.4) 467.2 Proprietary database 706.3 (143.3) 563.0 705.9 (115.0) 590.9 Acquired software and technology 222.7 (57.4) 165.3 225.4 (42.6) 182.8 Trade names and other intangible assets 22.4 (19.0) 3.4 26.7 (19.6) 7.1 Non-compete agreements 14.5 (7.5) 7.0 14.5 (6.2) 8.3 Total definite-lived intangible assets $ 2,932.1 $ (1,233.0) $ 1,699.1 $ 2,937.1 $ (1,118.6) $ 1,818.5
Estimated Future Amortization Expense	Estimated future amortization expense related to definite-lived purchased intangible assets at June 30, 2023 is as follows: Years ending December 31, Amount (In millions) 2023 $ 119.6 2024 227.9 2025 223.1 2026 209.0 2027 196.2 Thereafter 723.3 $ 1,699.1

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt Outstanding	Debt outstanding at June 30, 2023 and December 31, 2022 was as follows: June 30, 2023 December 31, 2022 (In millions) Commercial paper $ 156.0 $ 566.8 Notes, 3.95%, due June 2023 — 400.0 Notes, 2.6%, due December 2024 750.0 750.0 Notes, 2.6%, due December 2025 400.0 400.0 Notes, 3.25%, due June 2026 275.0 275.0 Term loan, due August 2026 700.0 700.0 Notes, 5.10%, due December 2027 750.0 750.0 Notes, 5.10%, due June 2028 700.0 — Debentures, 6.9%, due July 2028 125.0 125.0 Notes, 3.1%, due May 2030 600.0 600.0 Notes, 2.35%, due September 2031 1,000.0 1,000.0 Notes, 7.0%, due July 2037 250.0 250.0 Other — 0.4 Total debt 5,706.0 5,817.2 Less short-term debt and current maturities (169.1) (967.2) Less unamortized discounts and debt issuance costs (33.9) (29.9) Total long-term debt, net $ 5,503.0 $ 4,820.1

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income	Changes in accumulated other comprehensive loss by component, after tax, for the six months ended June 30, 2023, are as follows: Foreign Pension and other Cash flow Total (In millions) Balance, December 31, 2022 $ (469.3) $ (3.4) $ (1.0) $ (473.7) Other comprehensive income 27.8 — — 27.8 Balance, June 30, 2023 $ (441.5) $ (3.4) $ (1.0) $ (445.9)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Operating Revenue, Operating Income and Total Assets by Operating Segment	Operating revenue and operating income by operating segment during the three and six months ended June 30, 2023 and 2022 are as follows: Three Months Ended Six Months Ended (In millions) June 30, June 30, Operating revenue: 2023 2022 2023 2022 Workforce Solutions $ 582.8 $ 609.2 $ 1,179.1 $ 1,258.1 U.S. Information Solutions 445.0 421.4 866.7 854.4 International 289.8 286.1 573.8 567.5 Total operating revenue $ 1,317.6 $ 1,316.7 $ 2,619.6 $ 2,680.0 Three Months Ended Six Months Ended (In millions) June 30, June 30, Operating income: 2023 2022 2023 2022 Workforce Solutions $ 244.6 $ 281.2 $ 493.4 $ 589.7 U.S. Information Solutions 102.8 112.0 181.4 233.5 International 34.4 32.4 67.0 69.4 General Corporate Expense (144.9) (121.0) (299.6) (255.5) Total operating income $ 236.9 $ 304.6 $ 442.2 $ 637.1 Total assets by operating segment at June 30, 2023 and December 31, 2022 are as follows: June 30, December 31, (In millions) 2023 2022 Total assets: Workforce Solutions $ 4,197.0 $ 4,156.5 U.S. Information Solutions 3,310.5 3,291.4 International 3,117.8 3,106.8 General Corporate 912.6 993.2 Total assets $ 11,537.9 $ 11,547.9

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Weighted-Average Outstanding Shares used in Calculations of Basic and Diluted EPS (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accounting Policies [Abstract]
Weighted-average shares outstanding (basic) (in shares)	122.7	122.4	122.6	122.3
Effect of dilutive securities:
Stock options and restricted stock units (in shares)	1.1	0.9	1.1	1.1
Weighted-average shares outstanding (diluted) (in shares)	123.8	123.3	123.7	123.4

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($) segment shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($) shares	Dec. 31, 2022 USD ($)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Fair value of long-term debt	$ 5,200		$ 5,200		$ 4,800
Carrying value of long-term debt	5,600		5,600		$ 5,300
Carrying value of equity investment	87.7	$ 54.1	87.7	$ 54.1
Unrealized gain on on equity investment	4.3		7.2
Unrealized loss on equity investment		$ 34.2		6.4
Number of equity investments sold | segment		2
Loss to fully impair investment	6.2	$ 27.5	6.2	$ 27.5
Other Current Assets
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted cash and cash equivalents	25.7		25.7
Other Current Liabilities
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted cash and cash equivalents	$ 25.7		$ 25.7
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive stock options (in shares) | shares	0	0	0	0

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Rollforward of Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for doubtful accounts, beginning of period	$ 20.1	$ 14.9	$ 19.1	$ 13.9
Current period bad debt expense	1.7	1.8	5.2	3
Write-offs, net of recoveries	(4.8)	(1.1)	(7.3)	(1.3)
Allowance for doubtful accounts, end of period	$ 17	$ 15.6	$ 17	$ 15.6

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of 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]
Operating revenue	$ 1,317.6	$ 1,316.7	$ 2,619.6	$ 2,680
Change in revenue	$ 0.9		$ (60.4)
Change in revenue (as a percent)	0%		(2.00%)
Workforce Solutions
Disaggregation of Revenue [Line Items]
Operating revenue	$ 582.8	609.2	$ 1,179.1	1,258.1
Change in revenue	$ (26.4)		$ (79)
Change in revenue (as a percent)	(4.00%)		(6.00%)
Workforce Solutions | Verification Services
Disaggregation of Revenue [Line Items]
Operating revenue	$ 474	504.5	$ 929.8	1,017.8
Change in revenue	$ (30.5)		$ (88)
Change in revenue (as a percent)	(6.00%)		(9.00%)
Workforce Solutions | Employer Services
Disaggregation of Revenue [Line Items]
Operating revenue	$ 108.8	104.7	$ 249.3	240.3
Change in revenue	$ 4.1		$ 9
Change in revenue (as a percent)	4%		4%
U.S. Information Solutions
Disaggregation of Revenue [Line Items]
Operating revenue	$ 445	421.4	$ 866.7	854.4
Change in revenue	$ 23.6		$ 12.3
Change in revenue (as a percent)	6%		1%
U.S. Information Solutions | Online Information Solutions
Disaggregation of Revenue [Line Items]
Operating revenue	$ 358.6	329.2	$ 699.6	673
Change in revenue	$ 29.4		$ 26.6
Change in revenue (as a percent)	9%		4%
U.S. Information Solutions | Mortgage Solutions
Disaggregation of Revenue [Line Items]
Operating revenue	$ 30.3	36.8	$ 63.5	80.3
Change in revenue	$ (6.5)		$ (16.8)
Change in revenue (as a percent)	(18.00%)		(21.00%)
U.S. Information Solutions | Financial Marketing Services
Disaggregation of Revenue [Line Items]
Operating revenue	$ 56.1	55.4	$ 103.6	101.1
Change in revenue	$ 0.7		$ 2.5
Change in revenue (as a percent)	1%		2%
International
Disaggregation of Revenue [Line Items]
Operating revenue	$ 289.8	286.1	$ 573.8	567.5
Change in revenue	$ 3.7		$ 6.3
Change in revenue (as a percent)	1%		1%
International | Asia Pacific
Disaggregation of Revenue [Line Items]
Operating revenue	$ 87.7	90.1	$ 177.6	176.6
Change in revenue	$ (2.4)		$ 1
Change in revenue (as a percent)	(3.00%)		1%
International | Europe
Disaggregation of Revenue [Line Items]
Operating revenue	$ 78.7	79.8	$ 154.4	165.6
Change in revenue	$ (1.1)		$ (11.2)
Change in revenue (as a percent)	(1.00%)		(7.00%)
International | Canada
Disaggregation of Revenue [Line Items]
Operating revenue	$ 56.9	52.2	$ 112.2	99.6
Change in revenue	$ 2.5		$ 3.9
Change in revenue (as a percent)	4%		3%
International | Latin America
Disaggregation of Revenue [Line Items]
Operating revenue	$ 66.5	$ 64	$ 129.6	$ 125.7
Change in revenue	$ 4.7		$ 12.6
Change in revenue (as a percent)	9%		13%

REVENUE - Remaining Performance

REVENUE - Remaining Performance Obligation (Details) $ in Millions	Jun. 30, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Total remaining performance obligation	$ 96.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligation	96.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue from Contract with Customer [Abstract]
Total remaining performance obligation	$ 26.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation period	6 months
Total remaining performance obligation	$ 26.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue from Contract with Customer [Abstract]
Total remaining performance obligation	$ 31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation period	2 years
Total remaining performance obligation	$ 31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue from Contract with Customer [Abstract]
Total remaining performance obligation	$ 15.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation period	2 years
Total remaining performance obligation	$ 15.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue from Contract with Customer [Abstract]
Total remaining performance obligation	$ 23.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation period
Total remaining performance obligation	$ 23.5

ACQUISITIONS AND INVESTMENTS (D

ACQUISITIONS AND INVESTMENTS (Details)	Mar. 31, 2022
Efficient Hire
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired	100%

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Schedule of Changes in Amount of Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Roll Forward]
Balance, Beginning of period	$ 6,383.9
Acquisitions	4.4
Adjustments to initial purchase price allocation	2.4
Foreign currency translation	10.5
Balance, End of period	6,401.2
Workforce Solutions
Goodwill [Roll Forward]
Balance, Beginning of period	2,520.8
Acquisitions	0
Adjustments to initial purchase price allocation	(0.1)
Foreign currency translation	0.1
Balance, End of period	2,520.8
U.S. Information Solutions
Goodwill [Roll Forward]
Balance, Beginning of period	2,004.8
Acquisitions	0
Adjustments to initial purchase price allocation	2.2
Foreign currency translation	0
Balance, End of period	2,007
International
Goodwill [Roll Forward]
Balance, Beginning of period	1,858.3
Acquisitions	4.4
Adjustments to initial purchase price allocation	0.3
Foreign currency translation	10.4
Balance, End of period	$ 1,873.4

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense related to purchased intangible assets	$ 60.3	$ 57.9	$ 121	$ 115.2

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Schedule of Purchased Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Gross	$ 2,932.1	$ 2,937.1
Accumulated Amortization	(1,233)	(1,118.6)
Net	1,699.1	1,818.5
Purchased data files
Acquired Finite-Lived Intangible Assets [Line Items]
Gross	1,088	1,090
Accumulated Amortization	(562.9)	(527.8)
Net	525.1	562.2
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross	878.2	874.6
Accumulated Amortization	(442.9)	(407.4)
Net	435.3	467.2
Proprietary database
Acquired Finite-Lived Intangible Assets [Line Items]
Gross	706.3	705.9
Accumulated Amortization	(143.3)	(115)
Net	563	590.9
Acquired software and technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross	222.7	225.4
Accumulated Amortization	(57.4)	(42.6)
Net	165.3	182.8
Trade names and other intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Gross	22.4	26.7
Accumulated Amortization	(19)	(19.6)
Net	3.4	7.1
Non-compete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Gross	14.5	14.5
Accumulated Amortization	(7.5)	(6.2)
Net	$ 7	$ 8.3

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Schedule of Estimated Future Amortization Expense (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 119.6
2024	227.9
2025	223.1
2026	209
2027	196.2
Thereafter	723.3
Net	$ 1,699.1	$ 1,818.5

DEBT - Schedule of Debt Outstan

DEBT - Schedule of Debt Outstanding (Details) - USD ($) $ in Millions	Jun. 30, 2023	May 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Aug. 31, 2021
Debt Instrument [Line Items]
Total debt	$ 5,706		$ 5,817.2
Less short-term debt and current maturities	(169.1)		(967.2)
Less unamortized discounts and debt issuance costs	(33.9)		(29.9)
Total long-term debt, net	5,503		4,820.1
Commercial paper
Debt Instrument [Line Items]
Total debt	$ 156		566.8
Notes, 3.95%, due June 2023
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	3.95%
Total debt	$ 0		400
Notes, 2.6%, due December 2024
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	2.60%
Total debt	$ 750		750
Notes, 2.6%, due December 2025
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	2.60%
Total debt	$ 400		400
Notes, 3.25%, due June 2026
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	3.25%
Total debt	$ 275		275
Term loan, due August 2026
Debt Instrument [Line Items]
Total debt	$ 700		700		$ 700
Notes, 5.10%, due December 2027
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	5.10%			5.10%
Total debt	$ 750		750
Amount issued				$ 750
#REF!
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	5.10%	5.10%
Total debt	$ 700		0
Amount issued		$ 700
Debentures, 6.9%, due July 2028
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	6.90%
Total debt	$ 125		125
Notes, 3.1%, due May 2030
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	3.10%
Total debt	$ 600		600
Notes, 2.35%, due September 2031
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	2.35%
Total debt	$ 1,000		1,000
Notes, 7.0%, due July 2037
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	7%
Total debt	$ 250		250
Other
Debt Instrument [Line Items]
Total debt	$ 0		$ 0.4

DEBT - Narrative (Details)

DEBT - Narrative (Details)	1 Months Ended			3 Months Ended	6 Months Ended
	May 31, 2023 USD ($)	Sep. 30, 2022 USD ($)	Aug. 31, 2021 USD ($) extension	Sep. 30, 2021	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jul. 01, 2021 USD ($)	Jun. 30, 2021 USD ($)
Debt Instrument [Line Items]
Aggregate principal amount of debt issued					$ 5,706,000,000	$ 5,817,200,000
Letters of credit outstanding, amount					$ 400,000
Commercial paper notes							$ 1,500,000,000	$ 1,100,000,000
Maximum
Debt Instrument [Line Items]
Debt instrument, term					1 year
Commercial paper, maturity period range				397 days	365 days
Minimum
Debt Instrument [Line Items]
Commercial paper, maturity period range					90 days
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, term			5 years
Credit facility borrowing capacity			$ 1,500,000,000
Line of credit, maximum number of extensions | extension			3
Line of credit facility, expiration date, extension period			1 year
Line of credit facility, available for borrowing					$ 1,343,600,000
#REF!
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	5.10%				5.10%
Amount issued	$ 700,000,000
Debt instrument, term	5 years
Repayments of revolving credit facility	$ 400,000,000
Aggregate principal amount of debt issued					$ 700,000,000	0
Notes, 5.10%, due December 2027
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)		5.10%			5.10%
Amount issued		$ 750,000,000
Debt instrument, term		5 years
Repayments of revolving credit facility		$ 500,000,000
Aggregate principal amount of debt issued					$ 750,000,000	750,000,000
Notes, 3.3%, due December 2022
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)		3.30%
Unsecured Revolving Credit Facility Due September 2023
Debt Instrument [Line Items]
Aggregate principal amount of debt issued			$ 1,100,000,000
Term loan, due August 2026
Debt Instrument [Line Items]
Aggregate principal amount of debt issued			$ 700,000,000		700,000,000	700,000,000
Outstanding borrowings					700,000,000
Commercial paper
Debt Instrument [Line Items]
Aggregate principal amount of debt issued					$ 156,000,000	$ 566,800,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2023 claim plaintiff	Jun. 30, 2023 claim	Jun. 09, 2021 claim
Maximum
Commitments and Contingencies Disclosure [Line Items]
Debt instrument, term (or less)		1 year
Latin America
Commitments and Contingencies Disclosure [Line Items]
Pending claims	5	5
Pending national class actions	4	4
Number of plaintiffs | plaintiff	19,000
Number of claims appealed			1

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective income tax rate (as a percent)	27.40%	23.90%	26.60%	25.40%
Minimum
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Decrease in unrecognized tax benefits is reasonably possible	$ 0		$ 0
Increase in unrecognized tax benefits is reasonably possible	0		0
Maximum
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Decrease in unrecognized tax benefits is reasonably possible	8,500,000		8,500,000
Increase in unrecognized tax benefits is reasonably possible	$ 8,500,000		$ 8,500,000

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of Changes in Accumulated Other Comprehensive Income (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 3,973.3
Ending Balance	4,208.3
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(473.7)
Other comprehensive income	27.8
Ending Balance	(445.9)
Foreign currency translation adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(469.3)
Other comprehensive income	27.8
Ending Balance	(441.5)
Pension and other postretirement benefit plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(3.4)
Other comprehensive income	0
Ending Balance	(3.4)
Cash flow hedging transactions
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(1)
Other comprehensive income	0
Ending Balance	$ (1)

RESTRUCTURING CHARGES (Details)

RESTRUCTURING CHARGES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2023
Second Quarter 2023
Restructuring Cost and Reserve [Line Items]
Payments for restructuring			$ 0.9
Fourth Quarter 2022
Restructuring Cost and Reserve [Line Items]
Payments for restructuring			$ 19.7
Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 17.5	$ 24
Restructuring charges, net of tax	$ 12.4	$ 18

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	6 Months Ended
	Jun. 30, 2023 segment
Segment Reporting [Abstract]
Number of reporting segments	3
Number of operating segments	3

SEGMENT INFORMATION - Operating

SEGMENT INFORMATION - Operating Revenue and Operating Income by Operating Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Operating revenue	$ 1,317.6	$ 1,316.7	$ 2,619.6	$ 2,680
Operating income	236.9	304.6	442.2	637.1
General Corporate Expense
Segment Reporting Information [Line Items]
Operating income	(144.9)	(121)	(299.6)	(255.5)
Workforce Solutions
Segment Reporting Information [Line Items]
Operating revenue	582.8	609.2	1,179.1	1,258.1
Workforce Solutions | Operating Segments
Segment Reporting Information [Line Items]
Operating income	244.6	281.2	493.4	589.7
U.S. Information Solutions
Segment Reporting Information [Line Items]
Operating revenue	445	421.4	866.7	854.4
U.S. Information Solutions | Operating Segments
Segment Reporting Information [Line Items]
Operating income	102.8	112	181.4	233.5
International
Segment Reporting Information [Line Items]
Operating revenue	289.8	286.1	573.8	567.5
International | Operating Segments
Segment Reporting Information [Line Items]
Operating income	$ 34.4	$ 32.4	$ 67	$ 69.4

SEGMENT INFORMATION - Total Ass

SEGMENT INFORMATION - Total Assets by Operating Segments (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Assets	$ 11,537.9	$ 11,547.9
Operating Segments | Workforce Solutions
Segment Reporting Information [Line Items]
Assets	4,197	4,156.5
Operating Segments | U.S. Information Solutions
Segment Reporting Information [Line Items]
Assets	3,310.5	3,291.4
Operating Segments | International
Segment Reporting Information [Line Items]
Assets	3,117.8	3,106.8
General Corporate
Segment Reporting Information [Line Items]
Assets	$ 912.6	$ 993.2