v3.25.2
Discontinued Operations
6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
Dun & Bradstreet
On March 24, 2025, Dun & Bradstreet announced the D&B Sale. As a result of the pending transaction, it was determined that Dun & Bradstreet should be presented as a discontinued operation in our Condensed Consolidated Financial Statements as of and for the three and six months ended June 30, 2025. We continue to exert significant influence over D&B; therefore, we continue to account for this investment under the equity method of accounting. As a result of the reclassification of our investment in Dun & Bradstreet as held for sale and a discontinued operation, we marked our investment in D&B to the fair market value implied by the stock price as of March 31, 2025 and recorded an impairment of $68.1 million in the six months ended June 30, 2025, which is included in Net losses from discontinued operations, net of tax on our Condensed Consolidated Statement of Operations.
A reconciliation of the operations of D&B to the Condensed Consolidated Statement of Operations is presented below:
Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
(In millions)
Other income (expense):
Recognized (losses) gains$(4.3)$0.8 $(76.0)$(12.7)
Equity in losses of unconsolidated affiliates(6.7)(4.7)$(11.3)(11.0)
Loss from discontinued operations before income taxes(11.0)(3.9)(87.3)(23.7)
Income tax expense (benefit)— 2.2 $— (0.9)
Net loss from discontinued operations, net of tax$(11.0)$(6.1)$(87.3)$(22.8)
Assets of discontinued operations held for sale on our Condensed Consolidated Balance Sheets represents our investment in Dun & Bradstreet accounted for under the equity method of accounting and is summarized below:
 June 30, 2025December 31, 2024
(In millions)
Dun & Bradstreet$528.0 $691.9 
We expect the D&B Sale to close in the third quarter of 2025, subject to regulatory clearances and other customary closing conditions. Accordingly, we have classified our investment in D&B within current assets of discontinued operations held for sale in our Condensed Consolidated Balance Sheet as of June 30, 2025.
Summarized statement of operations information for D&B for the relevant dates and time periods included in Net losses from discontinued operations, net of tax in our Statements of Operations is presented below:
Three months ended June 30,Six months ended June 30,
 2025202420252024
(In millions)
Total revenues$585.2 $576.2 $1,165.0 $1,140.7 
Operating income12.8 37.1 48.1 53.7 
Loss before income taxes(34.0)(19.3)(48.8)(86.3)
Net loss(32.6)(15.7)(47.4)(37.6)
Net income attributable to noncontrolling interest1.1 0.7 2.1 2.0 
Net loss attributable to Dun & Bradstreet(33.7)(16.4)(49.5)(39.6)
For the six months ended June 30, 2025 and 2024 we received quarterly cash dividends from D&B in the amount of $3.5 million and $7.4 million, respectively, which are included in Distributions from investments in unconsolidated affiliates on the Condensed Consolidated Statements of Cash Flows.