Quarterly report pursuant to Section 13 or 15(d)


9 Months Ended
Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Summary of Consideration Transferred
The following table summarizes the fair value of consideration exchanged to complete the acquisition of BVS:

Fair value of consideration
(In millions)
Cash transferred (1)
$ 509.7 
Equifax do Brasil common shares issued (2)
Equifax Brazilian Depositary Receipts ("Equifax BDRs") issued (3) 94.6 
Fair value of 10% investment
Total value of consideration
$ 869.6 

(1) The cash transferred represents the actual cash transferred as part of the transaction. The cash portion of the consideration was funded primarily with borrowings under our commercial paper program.
(2) The fair value of the 2,171,615 Equifax do Brasil common shares issued was determined based on the offer price for the outstanding BVS shares.
(3) One Equifax BDR represents one share of Equifax Inc. common stock. The fair value of the 479,725 Equifax BDRs issued was determined based on the share price of Equifax Inc. as of August 7, 2023.
Summary of Net Assets Acquired
The preliminary valuation of acquired assets and assumed liabilities at the date of the acquisition, include the following:

Net assets acquired:
(In millions)
Cash and cash equivalents $ 239.5 
Trade accounts receivable and other current assets 36.2 
Other assets, net 48.6 
Purchased intangible assets (1) 241.9 
Goodwill (2) 407.2 
Total assets acquired 973.4 
Total liabilities assumed (103.8)
Net assets acquired $ 869.6 

(1) Purchased intangible assets are further disaggregated in the following table.
(2) The goodwill related to BVS is included in the Latin America reporting unit within our International reportable segment.
Schedule of Definite-lived Intangible Assets
Purchased intangible assets
Weighted-average useful
(In millions) (In years)
Customer relationships $ 172.4  10.0
Purchased data files 64.3  15.0
Trade names and other intangible assets 5.2  2.4
Total acquired definite-lived intangibles $ 241.9  11.2