Equifax (EFX) 10-Q 29 Apr 10 2010 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information
	3 Months Ended Mar. 31, 2010	Apr. 16, 2010
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2010-03-31
Document Fiscal Year Focus	2,010
Document Fiscal Period Focus	Q1
Entity Registrant Name	EQUIFAX INC.
Entity Central Index Key	0000033185
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		126,612,204

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data	3 Months Ended Mar. 31, 2010	3 Months Ended Mar. 31, 2009
Operating revenue	461.3	446.6
Operating expenses:
Cost of services (exclusive of depreciation and amortization below)	200.3	187
Selling, general and administrative expenses	112.4	122
Depreciation and amortization	40.9	36.6
Total operating expenses	353.6	345.6
Operating income	107.7	101
Interest expense	-14.2	-14.3
Other income, net	-0.5	2.4
Consolidated income from continuing operations before income taxes	93	89.1
Provision for income taxes	(35)	-34.1
Consolidated income from continuing operations	58	55
Discontinued operations, net of tax	0.6	1.1
Consolidated net income	58.6	56.1
Less: Net income attributable to noncontrolling interests	-1.9	-1.7
Net income attributable to Equifax	56.7	54.4
Amounts attributable to Equifax:
Net income from continuing operations attributable to Equifax	56.1	53.3
Discontinued operations, net of tax	0.6	1.1
Net income attributable to Equifax	56.7	54.4
Basic earnings per common share:
Net income from continuing operations attributable to Equifax	0.44	0.42
Discontinued operations attributable to Equifax	0.01	0.01
Net income attributable to Equifax	0.45	0.43
Weighted-average shares used in computing basic earnings per share	126.3	126.2
Diluted earnings per common share:
Net income from continuing operations attributable to Equifax	0.44	0.42
Discontinued operations attributable to Equifax		0.01
Net income attributable to Equifax	0.44	0.43
Weighted-average shares used in computing diluted earnings per share	128.1	127.4
Dividends per common share	0.04	0.04

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)
In Millions	3 Months Ended Mar. 31, 2010	12 Months Ended Dec. 31, 2009
ASSETS
Cash and cash equivalents	77.1	103.1
Trade accounts receivable, net of allowance for doubtful accounts of $12.3 and $15.1 at March 31, 2010 and December 31, 2009, respectively	258.5	258.7
Prepaid expenses	37.7	27.6
Other current assets	73.5	27.4
Total current assets	446.8	416.8
Property and equipment:
Capitalized internal-use software and system costs	302.4	316.6
Data processing equipment and furniture	180.7	184.2
Land, buildings and improvements	165.3	164.5
Total property and equipment	648.4	665.3
Less accumulated depreciation and amortization	-338.9	(346)
Total property and equipment, net	309.5	319.3
Goodwill	1916.2	1943.2
Indefinite-lived intangible assets	95.6	95.5
Purchased intangible assets, net	645.7	687
Other assets, net	91.8	88.7
Total assets	3505.6	3550.5
LIABILITIES AND EQUITY
Short-term debt and current maturities	157.2	154.2
Capitalized lease obligation		29
Accounts payable	26	35.9
Accrued expenses	62.6	67.7
Accrued salaries and bonuses	28.7	58.1
Deferred revenue	68.6	69.8
Other current liabilities	86.3	77.5
Total current liabilities	429.4	492.2
Long-term debt	990.6	990.9
Deferred income tax liabilities, net	248.2	249.3
Long-term pension and other postretirement benefit liabilities	119.9	142.5
Other long-term liabilities	54.3	60.6
Total liabilities	1842.4	1935.5
Commitments and Contingencies (see Note 5)
Equifax shareholders' equity:
Preferred stock, $0.01 par value: Authorized shares--10.0; Issued shares--none
Common stock, $1.25 par value: Authorized shares - 300.0; Issued shares - 189.3 at March 31, 2010 and December 31, 2009; Outstanding shares - 126.6 and 126.2 at March 31, 2010 and December 31, 2009, respectively	236.6	236.6
Paid-in capital	1097.3	1,102
Retained earnings	2545.8	2494.2
Accumulated other comprehensive loss	-330.1	-318.7
Treasury stock, at cost, 60.6 shares and 61.0 shares at March 31, 2010 and December 31, 2009, respectively	-1860.5	-1871.7
Stock held by employee benefits trusts, at cost, 2.1 shares at March 31, 2010 and December 31, 2009, respectively	-41.2	-41.2
Total Equifax shareholders' equity	1647.9	1601.2
Noncontrolling interests	15.3	13.8
Total equity	1663.2	1,615
Total liabilities and equity	3505.6	3550.5

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
In Millions, except Per Share data	Mar. 31, 2010	Dec. 31, 2009
Allowance for Doubtful Accounts	12.3	15.1
Preferred Stock, Par or Stated Value Per Share	0.01	0.01
Preferred Stock, Shares Authorized	10	10
Preferred Stock, Shares Issued
Common Stock, Par or Stated Value Per Share	1.25	1.25
Common Stock, Shares Authorized	300	300
Common Stock, Shares, Issued	189.3	189.3
Common Stock, Shares, Outstanding	126.6	126.2
Treasury Stock, Shares	60.6	61
Common Stock, Shares Held in Employee Trust, Shares	2.1	2.1

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions	3 Months Ended Mar. 31, 2010	3 Months Ended Mar. 31, 2009
Operating activities:
Consolidated net income	58.6	56.1
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization	42.5	38.2
Stock-based compensation expense	4.4	3.7
Tax effects of stock-based compensation plans	1.4	-0.1
Excess tax benefits from stock-based compensation plans	-1.4	-0.2
Deferred income taxes	-0.1	3.2
Changes in assets and liabilities, excluding effects of acquisitions:
Accounts receivable, net	-5.8	-10.3
Prepaid expenses and other current assets	-7.9	-3.3
Other assets	3.5	-0.3
Current liabilities, excluding debt	-34.1	-28.7
Other long-term liabilities, excluding debt	-23.4	-13.8
Cash provided by operating activities	37.7	44.5
Investing activities:
Capital expenditures	(50)	(15)
Acquisitions, net of cash acquired	(6)
Dividend from unconsolidated affiliates		1
Cash used in investing activities	(56)	(14)
Financing activities:
Net short-term borrowings	2.7	260.1
Net repayments under long-term revolving credit facilities	-4.6	(270)
Proceeds from issuance of long-term debt	1.4
Payments on long-term debt	-3.1	-6.4
Treasury stock purchases	-9.4	-9.1
Dividends paid to Equifax shareholders	(5)	(5)
Dividends paid to noncontrolling interests	-0.3	-0.4
Proceeds from exercise of stock options	11.6	3.4
Excess tax benefits from stock-based compensation plans	1.4	0.2
Other	-0.2	-0.5
Cash used in financing activities	-5.5	-27.7
Effect of foreign currency exchange rates on cash and cash equivalents	-2.2	(1)
(Decrease) Increase in cash and cash equivalents	(26)	1.8
Cash and cash equivalents, beginning of period	103.1	58.2
Cash and cash equivalents, end of period	77.1	$60

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY AND COMPREHENSIVE INCOME (USD $)
In Millions	Common Stock		Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock		Stock Held By Employee Benefits Trusts Member	Noncontrolling Interests	Total
Balance, Values at Dec. 31, 2009	236.6		$1,102	2494.2	-318.7	-1871.7		-41.2	13.8	$1,615
Balance, Shares at Dec. 31, 2009	126.2
Net income				56.7					1.9	58.6
Other Comprehensive Income					-11.4				-0.1	-11.5
Shares issued under stock and benefit plans, net of minimum tax withholdings, Shares	0.7
Shares issued under stock and benefit plans net of minimum tax withholdings, Values			-10.6			20.6				10
Treasury stock purchased under share repurchase program ($31.43 per share), Shares	-0.3	[1]
Treasury stock purchased under share repurchase program ($31.43 per share), Values						-9.4	[1]			-9.4	[1]
Cash dividends ($0.04 per share)				-5.1						-5.1
Dividends paid to employee benefits trusts			0.1							0.1
Stock-based compensation expense			4.4							4.4
Tax effects of stock-based compensation plans			1.4							1.4
Dividends paid to noncontrolling interests									-0.3	-0.3
Balance, Shares at Mar. 31, 2010	126.6
Balance, Values at Mar. 31, 2010	236.6		1097.3	2545.8	-330.1	-1860.5		-41.2	15.3	1663.2
[1]At March 31, 2010, $112.5 million was authorized for future purchases of common stock under our share repurchase authorization.

1_CONSOLIDATED STATEMENT OF CHA

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY AND COMPREHENSIVE INCOME (Parenthetical) (USD $)
	3 Months Ended Mar. 31, 2010
Treasury Stock Acquired, Average Cost Per Share	31.43
Cash Dividends, per share	0.04

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS (USD $)
In Millions	Mar. 31, 2010	Dec. 31, 2009
Foreign currency translation	-113.1	-99.9
Unrecognized actuarial losses and prior service cost related to our pension and other postretirement benefit plans, net of accumulated tax of $124.0 and $124.9 at March 31, 2010 and December 31, 2009, respectively	-214.5	-216.2
Cash flow hedging transactions, net of tax of $1.6 and $1.7 at March 31, 2010 and December 31, 2009, respectively	-2.5	-2.6
Accumulated other comprehensive loss	-330.1	-318.7

2_ACCUMULATED OTHER COMPREHENSI

ACCUMULATED OTHER COMPREHENSIVE LOSS (Parenthetical) (USD $)
In Millions	Mar. 31, 2010	Dec. 31, 2009
Accumulated tax effect of unrecognized actuarial losses and prior service cost related to pension and other postretirement benefit plans	$124	124.9
Accumulated tax effect of cash flow hedging transactions	1.6	1.7

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME (USD $)
In Millions	3 Months Ended Mar. 31, 2010	3 Months Ended Mar. 31, 2009
Net income	58.6	56.1
Other comprehensive income:
Foreign currency translation adjustment	-13.3	4.5
Recognition of prior service cost and actuarial losses related to our pension and other postretirement benefit plans	1.7	1.6
Change in cumulative loss from cash flow hedging transactions	0.1	0.3
Comprehensive income	47.1	62.5
Common Stock
Net income	56.7	54.4
Other comprehensive income:
Foreign currency translation adjustment	-13.2	5.1
Recognition of prior service cost and actuarial losses related to our pension and other postretirement benefit plans	1.7	1.6
Change in cumulative loss from cash flow hedging transactions	0.1	0.3
Comprehensive income	45.3	61.4
Noncontrolling Interests
Net income	1.9	1.7
Other comprehensive income:
Foreign currency translation adjustment	-0.1	-0.6
Comprehensive income	1.8	1.1

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	3 Months Ended Mar. 31, 2010
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations.We collect, organize and manage various types of financial, demographic, employment and marketing information. Our products and services enable businesses to make credit and service decisions, manage their portfolio risk, automate or outsource certain payroll, 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 March 31, 2010, we operated in the following countries: Argentina, Brazil, Canada, Chile, Ecuador, El Salvador, Honduras, Peru, Portugal, Spain, the United Kingdom, or U.K., Uruguay, and the United States of America, or U.S. We also maintain support operations in Costa Rica and the Republic of Ireland. We own an equity interest in a consumer credit information company in Russia. In March 2010, our Indian joint venture received a license to operate a nationwide credit information company in India. We develop, maintain and enhance secured proprietary information databases through the compilation of actual consumer data, including credit, employment, 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, public record information (including bankruptcies, liens and judgments), income and tax information primarily from large to mid-sized companies in the U.S., and marketing information.We process this information utilizing our proprietary information management systems. 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 Form10-Q and applicable sections of RegulationS-X. To understand our complete financial position and results, as defined by GAAP, this Form10-Q should be read in conjunction with the Consolidated Financial Statements and the notes thereto included in our annual report on Form10-K for the fiscal year ended December31, 2009, or 2009 Form10-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. Certain prior year amounts have been reclassified to conform to current year presentation including the results of a business reclassified as a discontinued operation, which is more fully described in Note 2 of the Notes to Consolidated Financial Statements. The effect of these reclassifications was not material. Earnings Per Share.Our basic earnings per share, or EPS, is calculated as net income divided by the weighted-average number of common shares outstanding during the period. Diluted EPS is calculated to

DISCONTINUED OPERATION

DISCONTINUED OPERATION
	3 Months Ended Mar. 31, 2010
DISCONTINUED OPERATION	2. DISCONTINUED OPERATION On April 23, 2010, we sold our Equifax Enabling Technologies LLC legal entity, consisting of our APPRO loan origination software (APPRO), for approximately $72 million.APPRO was previously reported in our U.S. Consumer Information Solutions segment.The results of operations for our APPRO business for the three months ended March 31, 2010 and 2009 were classified as a discontinued operation.Revenue for this business for the three months ended March 31, 2010 and 2009 was $5.3 million and $6.3 million, respectively.Pretax income was not material for the three month periods ended March 31, 2010 and 2009.We expect to record a gain from the sale in the second quarter of 2010 of approximately $12 million, after tax. As of March 31, 2010, assets and liabilities comprising the APPRO disposal group were considered held for sale.APPROs assets, all of which are classified as current, and liabilities classified as held for sale at March 31, 2010 were as follows: March31, 2010 (Inmillions) Current assets $ 5.0 Noncurrent assets 42.8 Current liabilities (5.9 ) Net assets held for sale $ 41.9

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS
	3 Months Ended Mar. 31, 2010
GOODWILL AND INTANGIBLE ASSETS	3. 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 reduce the fair value of a reporting unit below its carrying value. We perform our annual goodwill impairment tests as of September30. We have undertaken reasonable efforts to ddetermine that we do not have an accumulated impairment loss. Changes in the amount of goodwill for the three months ended March 31, 2010, are as follows: U.S. Consumer North America North America Information Personal Commercial Solutions International TALX Solutions Solutions Total (Inmillions) Balance, December 31, 2009 $ 667.8 $ 335.7 $ 900.6 $ 1.8 $ 37.3 $ 1,943.2 Foreign currency translation - (11.0 ) - - 0.1 (10.9 ) Tax benefits of stock options exercised - - (0.4 ) - - (0.4 ) Held for sale (15.7 ) - - - - (15.7 ) Balance, March 31, 2010 $ 652.1 $ 324.7 $ 900.2 $ 1.8 $ 37.4 $ 1,916.2 Indefinite-Lived Intangible Assets.Indefinite-lived intangible assets consist of contractual/territorial rights representing the estimated fair value of rights to operate in certain territories acquired through the purchase of independent credit reporting agencies in the U.S. and Canada. Our contractual/territorial rights are perpetual in nature 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 September30. Our contractual/territorial rights carrying amounts did not change materially during the three months ended March 31, 2010. Purchased Intangible Assets.Purchased intangible assets represent the estimated fair value of acquired intangible assets used in our business. Purchased data files represent the estimated fair value of consumer credit files acquired primarily through the purchase of independent credit reporting agencies in the U.S. and Canada. We expense the cost of modifying and updating credit files in the period such costs are incurred. We amortize purchased data files, which primarily consist of acquired consumer credit files, on a straight-line basis. Primarily all of our other purchased intangible assets are also amortized on

DEBT

DEBT
	3 Months Ended Mar. 31, 2010
DEBT	4. DEBT Debt outstanding at March 31, 2010 and December31, 2009 was as follows: March31, December31, 2010 2009 (In millions) Commercial paper, weighted-average rate of 0.3% and 0.4% in 2010 and 2009, respectively $ 137.7 $ 135.0 Notes, 4.25%, due in installments through May 2012 4.6 7.6 Notes, 7.34%, due in installments through May 2014 75.0 75.0 Notes, 4.45%, due December 2014 275.0 275.0 Notes, 6.30%, due July 2017 272.5 272.5 Debentures, 6.90%, due July 2028 125.0 125.0 Notes, 7.00%, due July 2037 250.0 250.0 Borrowings under long-term revolving credit facilities, weighted-average rate of 0.9% in 2009 - 4.8 Capitalized lease obligation - 29.0 Other 4.4 3.1 Total debt 1,144.2 1,177.0 Less short-term debt and current maturities (157.2 ) (154.2 ) Less capitalized lease obligation - (29.0 ) Less unamortized discounts (2.3 ) (2.4 ) Plus fair value adjustments 5.9 (0.5 ) Total long-term debt, net $ 990.6 $ 990.9 Senior Credit Facility.We are party to an $850.0million senior unsecured revolving credit facility, which we refer to as the Senior Credit Facility, with a group of financial institutions. Borrowings may be used for general corporate purposes, including working capital, capital expenditures, acquisitions and share repurchase programs. The Senior Credit Facility is scheduled to expire in July 2011. Availability of the Senior Credit Facility for borrowings is reduced by the outstanding face amount of any letters of credit issued under the facility and, pursuant to our existing Board of Directors authorization, by the outstanding principal amount of our commercial paper notes. As of March 31, 2010, there were no outstanding borrowings under this facility and $708.6 million was available for borrowings. Commercial Paper Program.Our $850.0million commercial paper program has been established through the private placement of commercial paper notes from time-to-time. Maturities of commercial paper can range from overnight to 397days. The commercial paper program is supported by our Senior Credit Facility and, pursuant to our existing Board of Directors authorization, the total amount of commercial paper which may be issued is reduced by the amount of any outstanding borrowings under our Senior Credit Facility. At March 31, 2010, $137.7million in commercial paper notes was outstanding, all with maturities of less than 90days. Canadian Credit Facility.We are a party to a credit agreement with a Canadian financial institution that provides for a C$20.0million (denominated in Canadian dollars), 364-day revolving credit agreement. This agreement is scheduled to expire in June 2010. As of March 31, 2010, there were no outstanding borrowings under this f

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES
	3 Months Ended Mar. 31, 2010
COMMITMENTS AND CONTINGENCIES	5. COMMITMENTS AND CONTINGENCIES Headquarters Building.On February26, 2010, we purchased our headquarters building in Atlanta, Georgia, for cash consideration of $29.1million, including fees.The building and related capital lease obligation were recorded on our Consolidated Balance Sheets in February 2009 when we provided the lessor notification of our intent to purchase the building. Data Processing, Outsourcing Services and Other Agreements.We have separate agreements with IBM, Acxiom, Tata Consultancy Services and others to outsource portions of our computer data processing operations, applications development, maintenance and related functions and to provide certain other administrative and operational services. The agreements expire between 2010 and 2014. The estimated aggregate minimum contractual obligation remaining under these agreements was approximately $175million at December31, 2009, with no future years minimum contractual obligation expected to exceed approximately $55million. 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 a significant penalty. Agreement with Computer Sciences Corporation.We have an agreement with Computer Sciences Corporation, or CSC, and certain of its affiliates, collectively CSC, under which CSC-owned credit reporting agencies utilize our computerized credit database services. CSC retains ownership of its credit files and the revenues generated by its credit reporting activities. We receive a processing fee for maintaining the database and for each report supplied. The agreement will expire on July31, 2018, and is renewable at the option of CSC for successive ten-year periods. The agreement provides us with an option to purchase CSCs credit reporting business if it does not elect to renew the agreement or if there is a change in control of CSC while the agreement is in effect. Under the agreement CSC also has an option, exercisable at any time, to sell its credit reporting business to us. The option expires in 2013. The option exercise price will be determined by a third-party appraisal process and would be due in cash within 180days after the exercise of the option. We estimate that if the option were exercised at December31, 2009, the price range would be approximately $600million to $675million. This estimate is based solely on our internal analysis of the value of the business, current market conditions and other factors, all of which are subject to constant change. Therefore, the actual option exercise price could be materially higher or lower than our estimate. Guarantees and General Indemnifications.We may issue standby letters of credit, performance bonds or other guarantees in the normal course of busi

INCOME TAXES

INCOME TAXES
	3 Months Ended Mar. 31, 2010
INCOME TAXES	6. 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 ending prior to December31, 2002, with few exceptions. In Canada, we are under audit by the Canada Revenue Agency for the 1995 through 2000 tax years (see Note5 of the Notes to Consolidated Financial Statements). For the U.K., tax years after 1999 are open for examination. 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 zero to $6.4million, related primarily to issues involving our U.K. operations. Effective Tax Rate.Our effective income tax rate was 37.6% for the three months ended March 31, 2010, down from 38.3% for the same period in 2009, as a higher foreign tax rate in 2010 was more than offset by an unfavorable discrete item recorded in the first quarter of 2009 related to the effect of a change in California state income taxes on our deferred tax liabilities.

BENEFIT PLANS

BENEFIT PLANS
	3 Months Ended Mar. 31, 2010
BENEFIT PLANS	7. BENEFIT PLANS We sponsor defined benefit pension plans and defined contribution plans. We also maintain certain healthcare and life insurance benefit plans for eligible active and retired employees. For additional information about our benefit plans, see Note9 of the Notes to Consolidated Financial Statements in our 2009 Form10-K. The following table provides the components of net periodic benefit cost for the three months ended March 31, 2010 and 2009: PensionBenefits OtherBenefits ThreeMonthsEndedMarch31, 2010 2009 2010 2009 (In millions) Service cost $ 1.5 $ 1.4 $ 0.1 $ 0.1 Interest cost 8.7 8.8 0.5 0.5 Expected return on plan assets (11.1 ) (11.3 ) (0.4 ) (0.4 ) Amortization of prior service cost 0.2 0.2 (0.1 ) (0.1 ) Recognized actuarial loss 2.2 2.2 0.3 0.3 Total net periodic benefit cost $ 1.5 $ 1.3 $ 0.4 $ 0.4

RESTRUCTURING AND ASSETS WRITE-

RESTRUCTURING AND ASSETS WRITE-DOWN CHARGES
	3 Months Ended Mar. 31, 2010
RESTRUCTURING AND ASSET WRITE-DOWN CHARGES	8. RESTRUCTURING CHARGES 2009 Restructuring Charges.In the fourth quarter of 2009, we recorded a $16.4million restructuring charge ($10.4million, net of tax) in selling, general and administrative expenses on our Consolidated Statements of Income primarily related to headcount reductions of approximately 400 positions. This charge resulted from our continuing efforts to align our business to better support our strategic objectives. Generally, severance benefits for our U.S. employees are paid through monthly payroll according to the number of weeks of severance benefit provided to the employee, while our international employees receive a lump sum severance payment for their benefit. Accordingly, we expect the majority of the payments to be completed by December 2010. Payments related to this charge totaled $3.1million for the three months ended March 31, 2010.Total payments to date, through March 31, 2010, related to the fourth quarter 2009 restructuring charge were $4.8 million. During the first quarter of 2009, we recorded in selling, general and administrative expenses on our Consolidated Statements of Income an $8.4million restructuring charge ($5.4million, net of tax) associated with headcount reductions of approximately 300 positions. This charge resulted from our efforts to reduce and manage our expenses and to maintain our financial results in the face of a weak global economy and reduced revenues. The majority of the payments were completed by the end of the first quarter of 2010. Payments related to this charge were not material during the three months ended March 31, 2010.Total payments to date, through March 31, 2010, related to the first quarter 2009 restructuring charge were $7.7 million.

SEGMENT INFORMATION

SEGMENT INFORMATION
	3 Months Ended Mar. 31, 2010
SEGMENT INFORMATION	9. SEGMENT INFORMATION Reportable Segments.We manage our business and report our financial results through the following five reportable segments, which are the same as our operating segments: U.S. Consumer Information Solutions International TALX North America Personal Solutions North America Commercial Solutions The accounting policies of the reportable segments are the same as those described in our summary of significant accounting policies in Note1 of the Notes to Consolidated Financial Statements in our 2009 Form10-K. We evaluate the performance of these reportable segments based on their operating revenues, operating income and operating margins, excluding unusual or infrequent items, if any. Inter-segment sales and transfers are not material for all periods presented. The measurement criteria for segment profit or loss and segment assets are substantially the same for each reportable segment. All transactions between segments are accounted for at cost, and no timing differences occur between segments. A summary of segment products and services is as follows: U.S. Consumer Information Solutions.This segment includes consumer information services (such as credit information and credit scoring, credit modeling services, locate services, fraud detection and prevention services, identity verification services and other consulting services); mortgage loan origination information, appraisal, title and closing services; consumer financial marketing services; and consumer demographic and lifestyle information services. 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, and products and services sold directly to consumers similar to those sold by North America Personal Solutions. TALX.This segment includes employment, income and social security number verification services (known as The Work Number) and employment tax and talent management services. North America Personal Solutions.This segment includes credit information, credit monitoring and identity theft protection products sold directly to consumers via the internet. North America Commercial Solutions.This segment includes commercial products and services such as business credit and demographic information, credit scores and portfolio analytics (decisioning tools), which are derived from our databases of business credit and financial information. Operating revenue and operating income by operating segment during the three months ended March 31, 2010 and 2009, are as follows: ThreeMonthsEnded (Inmillions) March31, 2010 2009 Operating revenue: U.S. Consumer Information Solutions $ 191.4 $ 203.7 International 116.2 100.8 TALX 95.3 87.9 North America Personal Solutions 39.7 38.4 North America Commercial S