Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Amount of Goodwill

Changes in the amount of goodwill for the twelve months ended December 31, 2012 and 2011, are as follows:

 

    U.S. Consumer                 North America     North America        
    Information           Workforce     Personal     Commercial        
(In millions)   Solutions     International     Solutions     Solutions     Solutions     Total  
Balance, December 31, 2010   $ 628.5     $ 346.9     $ 899.9     $ 1.8     $ 37.6     $ 1,914.7  
Acquisitions     10.1       30.9       34.6       -       -       75.6  
Adjustments to initial purchase price allocation     (0.2 )     (0.1 )     0.5       -       -       0.2  
Foreign currency translation     -       4.0       -       -       (0.1 )     3.9  
Businesses sold     -       (33.2 )     -       -       -       (33.2 )
Balance, December 31, 2011     638.4       348.5       935.0       1.8       37.5       1,961.2  
Acquisitions     309.3       12.0       -       -       -       321.3  
Adjustments to initial purchase price allocation     -       -       (1.0 )     -       -       (1.0 )
Foreign currency translation     -       8.8       -       -       0.1       8.9  
Balance, December 31, 2012   $ 947.7     $ 369.3     $ 934.0     $ 1.8     $ 37.6     $ 2,290.4  

 
Schedule of Indefinite-Lived Intangible Assets

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. As discussed in Note 1, 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 each year. Our annual impairment tests as of September 30, 2012, 2011 and 2010 resulted in no impairment of our indefinite-lived intangible assets. Changes in the amounts of indefinite-lived intangible assets for the twelve months ended December 31, 2012 and 2011, are as follows:

 

    Amount  
    (In millions)  
Balance, December 31, 2010   $ 95.6  
Foreign currency translation     -  
Balance, December 31, 2011     95.6  
Acquisitions     158.8  
Foreign currency translation     0.1  
Balance, December 31, 2012   $ 254.5  
Purchased Intangible Assets

Purchased Intangible Assets.  Purchased intangible assets net, recorded on our Consolidated Balance Sheets at December 31, 2012 and 2011, are as follows:

 

    December 31, 2012     December 31, 2011  
          Accumulated                 Accumulated        
    Gross     Amortization     Net     Gross     Amortization     Net  
  (In millions)  
Definite-lived intangible assets:                                                
Purchased data files   $ 795.6     $ (229.2 )   $ 566.4     $ 316.2     $ (240.5 )   $ 75.7  
Acquired software and technology     34.4       (13.5 )     20.9       68.3       (41.1 )     27.2  
Customer relationships     522.1       (164.5 )     357.6       518.2       (130.3 )     387.9  
Proprietary database     125.0       (115.9 )     9.1       125.0       (95.5 )     29.5  
Non-compete agreements     19.4       (5.5 )     13.9       9.0       (3.1 )     5.9  
Trade names and other intangible assets     41.5       (21.7 )     19.8       40.7       (16.7 )     24.0  
Total definite-lived intangible assets   $ 1,538.0     $ (550.3 )   $ 987.7     $ 1,077.4     $ (527.2 )   $ 550.2

 
Estimated Future Amortization Expense

Estimated future amortization expense related to definite-lived purchased intangible assets at December 31, 2012 is as follows:

 

Years ending December 31,   Amount  
    (In millions)  
2013   $ 106.3  
2014     93.7  
2015     88.7  
2016     83.3  
2017     73.5  
Thereafter     542.2  
    $ 987.7