Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

FNF Group paid total consideration, net of cash received, of $89 million in exchange for the assets and/or equity interests of the Title Acquisitions. The total consideration paid was as follows (in millions):

Cash paid	$	92
Less: Cash Acquired	(3		)
Total net consideration paid	$	89

The gross carrying value and weighted average estimated useful lives of Computer software, Property and equipment and Other intangible assets acquired in the eLynx acquisition consist of the following (dollars in millions):

	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Computer software	$	14	5
Property and equipment	1		3
Other intangible assets:
Customer relationships	35		10
Total Other intangible assets	35
Total	$	50

Black Knight paid total consideration, net of cash received, of $115 million for 100% of the equity interests of eLynx. The total consideration paid was as follows (in millions):

Cash paid	$	96
Borrowings under revolving line of credit	25
Total cash paid	121
Less: Cash Acquired	(6		)
Total net consideration paid	$	115

FNF Group paid total consideration, net of cash received, of $229 million in exchange for 95% of the equity interests of CINC. The total consideration paid was as follows (in millions):

Cash paid	$	240
Less: Cash Acquired	(11		)
Total net consideration paid	$	229

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The gross carrying value and weighted average estimated useful lives of Computer software and Other intangible assets acquired in the CINC acquisition consist of the following (dollars in millions):

	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Computer software	$	28	5
Other intangible assets:
Customer relationships	43		10
Trade name	13		10
Non-compete agreements	2		4
Total Other intangible assets	58
Total	$	86

The gross carrying value and weighted average estimated useful lives of Computer software, Property and equipment and Other intangible assets acquired in the eLynx acquisition consist of the following (dollars in millions):

	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Computer software	$	14	5
Property and equipment	1		3
Other intangible assets:
Customer relationships	35		10
Total Other intangible assets	35
Total	$	50

The following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed as of the acquisition date (in millions):

	Fair Value
Trade and notes receivable, net	$	1
Computer software	28
Other intangible assets	58
Goodwill	170
Income taxes receivable	2
Total assets acquired	259
Accounts payable and accrued liabilities	8
Deferred tax liability	10
Total liabilities assumed	18
Non-controlling interests	12
Total liabilities and equity assumed	30
Net assets acquired	$	229

The gross carrying value and weighted average estimated useful lives of Computer software and Other intangible assets acquired in the Title Acquisitions consist of the following (dollars in millions):

	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Computer software	$	2	3
Other intangible assets:
Customer relationships	57		10
Trade name	6		10
Non-compete agreements	1		5
Other	2		1
Total Other intangible assets	66
Total	$	68

The following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed for the Title Acquisitions as of the acquisition date (in millions):

	Fair Value
Trade and notes receivable	$	5
Computer software	2
Other intangible assets	66
Goodwill	48
Prepaid expenses and other assets	1
Title plant	2
Property and equipment, net	3
Total assets acquired	127
Accounts payable and accrued liabilities	30
Deferred tax liability	8
Total liabilities assumed	38
Net assets acquired	$	89

Business Acquisition, Pro Forma Information

For comparative purposes, selected unaudited pro-forma consolidated results of operations of FNF for the years ended December 31, 2016 and 2015 are presented below. Pro-forma results presented assume the consolidation of CINC occurred as of the beginning of the 2014 period. Amounts reflect our 95% ownership interest in CINC and are adjusted to exclude costs directly attributable to the acquisition of CINC, including transaction costs.

	Year ended December 31,
	2016		2015		2014
Total revenues	$	9,582	$	9,163	$	8,040
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	653		529		585

The following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed as of the acquisition date (in millions):

	Fair Value
Trade and notes receivable	$	4
Prepaid expenses and other assets	4
Property and equipment	1
Computer software	14
Other intangible assets	35
Goodwill	64
Total assets acquired	122
Accounts payable and other accrued liabilities	7
Total liabilities assumed	7
Net assets acquired	$	115