TransUnion
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
Contents
Commitments
- Commitments
Future minimum payments for noncancelable operating leases, purchase obligations, and other liabilities in effect as of December 31, 2023 are payable as follows:
| OperatingLeases · PurchaseObligations and Other · Total | |||
|---|---|---|---|
| 2024 | $30.4 | $209.0 | $239.4 |
| 2025 | 21.1 | 100.9 | 122.0 |
| 2026 | 17.0 | 51.7 | 68.7 |
| 2027 | 13.9 | 31.5 | 45.4 |
| 2028 | 9.0 | 12.3 | 21.3 |
| Thereafter | 31.2 | 0.3 | 31.5 |
| Less imputed interest | (14.3) | — | (14.3) |
| Totals | $108.3 | $405.7 | $514.0 |
Purchase obligations and other excludes trade accounts payable that are included in our balance sheet as of December 31, 2023. Purchase obligations and other include commitments for outsourcing services, royalties, data licenses, and maintenance and other operating expenses.
Licensing agreements
We have agreements with Fair Isaac Corporation to license credit-scoring algorithms and the right to sell credit scores derived from those algorithms. Payment obligations under these agreements vary due to factors such as the volume of credit scores we sell, what type of credit scores we sell, and how our customers use the credit scores. There areno minimum payments required under these licensing agreements. However, we do have a significant level of sales volume related to these credit scores.
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