Equifax Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS AND INVESTMENTS (Tables)

ACQUISITIONS AND INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Estimated Fair Value of Net Assets Acquired and Liabilities Assumed at Acquisition Dates

The following table summarizes the estimated fair value of the net assets acquired and the liabilities assumed at the acquisition dates.



	December 31,
	2015		2014
	(In millions)
Current assets	$	—	$	39.1
Property and equipment	—		3.6
Identifiable intangible assets ⁽¹⁾	—		118.1
Goodwill⁽²⁾	—		240.7
Total assets acquired	—		401.5
Total liabilities assumed	—		(62.7		)
Net assets acquired	$	—	$	338.8


(1)	Identifiable intangible assets are further disaggregated in the following table.


(2)	None of the goodwill resulting from 2014 acquisitions is tax deductible.

Acquired Intangible Assets Fair Value and Weighted-Average Useful Life

The primary reasons the purchase price of these acquisitions exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, were expanded growth opportunities from new or enhanced product offerings and geographies, cost savings from the elimination of duplicative activities, and the acquisition of an assembled workforce that are not recognized as assets apart from goodwill.



	December 31,
	2015			2014
Intangible asset category	Fair value		Weighted-average useful life	Fair value		Weighted-average useful life
	(In millions)		(In years)	(In millions)		(In years)
Customer relationships	$	—	0.0	$	72.1	9.7
Acquired software and technology	—		0.0	21.7		4.6
Non-compete agreements	—		0.0	12.8		2.4
Trade names and other intangible assets	—		0.0	11.5		9.7
Total acquired intangibles	$	—	0.0	$	118.1	8.0