Equifax 2006 Annual Report Download - page 82

80 EQUIFAX 2006 ANNUAL REPORT
• Bank of America Corporation provides investment man-
agement services for the USRIP and EIPP through its
subsidiary, Bank of America Capital Advisors, LLC. At
December 31, 2006 and 2005, a total of $7.1 million and
$7.6 million, respectively, of USRIP and EIPP assets were
managed by this subsidiary.
• At December 31, 2006 and 2005, B of A was the counter-
party on interest rate swaps with us with a notional value
of $29.0 million.
Fidelity National Information Services, Inc. (“FNIS”)
We consider FNIS a related party because Lee A. Kennedy,
one of our directors, is Chief Executive Offi cer of FNIS. We
sell telecommunication credit information reports and cus-
tomer portfolio reviews to FNIS. Revenue from FNIS,
as a customer, for credit disclosure reports and portfolio
reviews was not material during the twelve months ended
December 31, 2006, 2005 and 2004. The corresponding
outstanding accounts receivable balances due from FNIS at
December 31, 2006 and 2005 were immaterial. In addition,
FNIS provides customer invoice and disclosure notifi cation
printing and mailing services to us. Amounts paid to FNIS
for fulfi llment services were $10.5 million, $10.0 million and
$9.2 million for the twelve months ended December 31,
2006, 2005 and 2004, respectively.
14.
SEGMENT INFORMATION
We manage our business and report our fi nancial results
through the following three reportable segments:
• North America
• Europe
• Latin America
The North America reportable segment consists of three
operating segments, which we have aggregated in determin-
ing our reportable segments:
• Information Services
• Marketing Services
• Personal Solutions
The Europe and Latin America reportable segments
include similar product lines.
We also separately disclose the fi nancial information
pertaining to our discontinued operations. The accounting
policies of the reportable segments are the same as those
described in our summary of signifi cant accounting policies
(see Note 1). We evaluate the performance of these report-
able segments based on their operating revenues, operating
income and operating margins, excluding any unusual or
infrequent items, if any. Inter-segment sales and transfers
are not material for all periods presented. The measure-
ment criteria for segment profi t 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:
North America. Information Services, which includes con-
sumer and commercial services (such as credit information
and credit scoring, credit modeling services, locate services,
fraud detection and prevention services, mortgage loan orig-
ination information services, identity verifi cation services
and other consulting services); Marketing Services, which
includes credit card marketing services and consumer demo-
graphic and lifestyle information services; and Personal
Solutions, which includes credit monitoring and identity
theft protection products sold directly to individuals.
Europe. Information Services, which includes consumer
and commercial services (such as credit and fi nancial infor-
mation, credit scoring and credit modeling services), Credit
Marketing Services and Personal Solutions. The operating
results for our Italian businesses that were disposed of in
the fourth quarter of 2004 have been reclassifi ed to loss
from discontinued operations and are not included in
Europe’s reported segment results as shown below.
Latin America. Information Services, which includes con-
sumer and commercial services (such as credit and fi nancial
information, credit scoring and credit modeling services),
Credit Marketing Services and Personal Solutions.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS