Equifax 2015 Annual Report Download - page 61

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these credit agreements, we also bear the risk of certain changes in tax laws that would subject payments to non-U.S. lenders to
withholding taxes.
In conjunction with certain transactions, such as sales or purchases of operating assets or services in the ordinary
course of business, or the disposition of certain assets or businesses, we sometimes provide routine indemnifications, the terms
of which range in duration and sometimes are not limited.
The Company has entered into indemnification agreements with its directors and executive officers. Under these
agreements, the Company has agreed to indemnify such individuals to the fullest extent permitted by law against liabilities that
arise by reason of their status as directors or officers and to advance expenses incurred by such individuals in connection with
the related legal proceedings. The Company maintains directors and officers liability insurance coverage to reduce its exposure
to such obligations.
We cannot reasonably estimate our potential future payments under the indemnities and related provisions described
above because we cannot predict when and under what circumstances these provisions may be triggered. We have no accrual
related to indemnifications on our Consolidated Balance Sheets at December 31, 2015 and 2014.
Subsidiary Dividend and Fund Transfer Limitations. The ability of some of our subsidiaries and associated
companies to transfer funds to us is limited, in some cases, by certain restrictions imposed by foreign governments, which do
not, individually or in the aggregate, materially limit our ability to service our indebtedness, meet our current obligations or pay
dividends.
Contingencies. We are involved in legal proceedings, claims and litigation arising in the ordinary course of business.
We periodically assess our exposure related to these matters based on the information which is available. We have recorded
accruals in our Consolidated Financial Statements for those matters in which it is probable that we have incurred a loss and the
amount of the loss, or range of loss, can be reasonably estimated.
Although the final outcome of these matters cannot be predicted with certainty, any possible adverse outcome arising
from these matters is not expected to have a material impact on our Consolidated Financial Statements, either individually or in
the aggregate. However, our evaluation of the likely impact of these matters may change in the future. We accrue for unpaid
legal fees for services performed to date.
8. INCOME TAXES
The provision for income taxes from continuing operations consisted of the following:
Twelve Months Ended December 31,
2015 2014 2013
(Inmillions)
Current:
Federal $159.0 $140.7 $130.9
State 14.7 18.3 16.4
Foreign 56.8 50.8 51.3
230.5 209.8 198.6
Deferred:
Federal (7.5)0.8 (3.7)
State (9.3)(0.2)2.8
Foreign (11.9)(10.2)(8.8)
(28.7)(9.6)(9.7)
Provision for income taxes $201.8 $200.2 $188.9
The provision for income taxes from discontinued operations was $17.9 million benefit for the year ended
December 31, 2013.
Domestic and foreign income from continuing operations before income taxes was as follows:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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