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Three months ended September 30, 2017

Nine months ended September 30, 2017

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Total revenues

Net (loss) earnings attributable to Cannae Holdings

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Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2018	Oct. 31, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q3
Entity Registrant Name	Cannae Holdings, Inc.
Entity Central Index Key	0001704720
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		71,861,598

CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 57.8	$ 245.6
Short-term investments	32.2	0.0
Trade receivables	34.2	35.8
Inventory	43.3	29.7
Equity securities, at fair value	0.0	17.7
Income taxes receivable	0.2	0.0
Prepaid expenses and other current assets	84.7	21.4
Total current assets	252.4	350.2
Investments in unconsolidated affiliates	450.9	424.9
Property and equipment, net	186.0	218.8
Other intangible assets, net	194.6	214.5
Goodwill	197.2	202.7
Fixed maturity securities available for sale, at fair value	23.5	14.8
Deferred tax asset	8.4	10.6
Other long term investments and non-current assets	51.7	50.7
Total assets	1,364.7	1,487.2
Current liabilities:
Accounts payable and other accrued liabilities, current	99.4	100.7
Income taxes payable	0.0	0.8
Deferred revenue	19.4	26.1
Notes payable, current	0.5	122.2
Total current liabilities	119.3	249.8
Deferred revenue, long term	2.9	9.1
Notes payable, long term	11.6	12.7
Accounts payable and other accrued liabilities, long term	58.4	62.5
Total liabilities	192.2	334.1
Commitments and contingencies - see Note G
Equity:
Cannae common stock, $0.0001 par value; authorized 115,000,000 shares as of September 30, 2018 and December 31, 2017; issued and outstanding of 71,861,598 and 70,858,143 as of September 30, 2018 and December 31, 2017, respectively	0.0	0.0
Preferred stock, $0.0001 par value; authorized 10,000,000 shares; issued and outstanding, none as of September 30, 2018 and December 31, 2017	0.0	0.0
Retained earnings	1.2	0.2
Additional paid-in capital	1,157.4	1,130.2
Accumulated other comprehensive loss	(67.5)	(71.0)
Total Cannae shareholders' equity	1,091.1	1,059.4
Noncontrolling interests	81.4	93.7
Total equity	1,172.5	1,153.1
Total liabilities and equity	$ 1,364.7	$ 1,487.2

CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	115,000,000,000,000	115,000,000,000,000
Common stock issued (in shares)	71,861,598,000,000	70,858,143,000,000
Common stock outstanding (in shares)	71,861,598,000,000	70,858,143,000,000
Preferred stock par value (in usd per share)	$ 0.0001	$ 0.0001
Preferred stock authorized (in shares)	10,000,000,000,000	10,000,000,000,000
Preferred stock issued (in shares)	0	0
Preferred stock outstanding (in shares)	0	0

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Total operating revenues	$ 293.5	$ 281.3	$ 891.3	$ 852.1
Operating expenses:
Cost of restaurant revenue	244.5	242.9	725.4	727.7
Personnel costs	30.6	18.7	145.0	79.2
Depreciation and amortization	16.7	11.9	46.9	34.9
Other operating expenses	27.6	28.6	73.9	72.8
Total operating expenses	319.4	302.1	991.2	914.6
Operating loss	(25.9)	(20.8)	(99.9)	(62.5)
Other income (expense):
Interest and investment income	1.6	1.6	4.5	3.9
Interest expense	(0.4)	(1.8)	(3.6)	(5.2)
Realized gains (losses), net	11.3	(0.2)	77.8	4.9
Total other income (expense)	12.5	(0.4)	78.7	3.6
Loss from continuing operations before income taxes and equity in losses of unconsolidated affiliates	(13.4)	(21.2)	(21.2)	(58.9)
Income tax benefit	1.1	2.6	2.3	27.0
Loss from continuing operations before equity in losses of unconsolidated affiliates	(12.3)	(18.6)	(18.9)	(31.9)
Equity in earnings (losses) of unconsolidated affiliates	3.8	(6.1)	(16.9)	(16.3)
Loss from continuing operations	(8.5)	(24.7)	(35.8)	(48.2)
Net earnings from discontinued operations, net of tax - see Note J	0.0	0.0	0.0	147.7
Net (loss) earnings	(8.5)	(24.7)	(35.8)	99.5
Less: Net loss attributable to non-controlling interests	(9.6)	(8.1)	(16.4)	(10.8)
Net earnings (loss) attributable to Cannae Holdings, Inc. common shareholders	1.1	(16.6)	(19.4)	110.3
Amounts attributable to Cannae Holdings, Inc. common shareholders
Net earnings (loss) from continuing operations attributable to Cannae Holdings, Inc. common shareholders	1.1	(16.6)	(19.4)	(37.4)
Net earnings from discontinued operations attributable to Cannae Holdings, Inc. common shareholders	0.0	0.0	0.0	147.7
Net earnings (loss) attributable to Cannae Holdings, Inc. common shareholders	$ 1.1	$ (16.6)	$ (19.4)	$ 110.3
Basic
Net earnings (loss) per share from continuing operations (in usd per share)	$ 0.02	$ (0.24)	$ (0.27)	$ (0.53)
Net earnings per share from discontinued operations (in usd per share)	0.00	0.00	0.00	2.09
Net earnings (loss) per share (in usd per share)	0.02	(0.24)	(0.27)	1.56
Diluted
Net earnings (loss) per share from continuing operations (in usd per share)	0.02	(0.24)	(0.27)	(0.53)
Net earnings per share from discontinued operations (in usd per share)	0.00	0.00	0.00	2.09
Net earnings (loss) per share (in usd per share)	$ 0.02	$ (0.24)	$ (0.27)	$ 1.56
Weighted average shares outstanding Cannae Holdings common stock, basic basis	71.6	70.6	71.1	70.6
Weighted average shares outstanding Cannae Holdings common stock, diluted basis	71.6	70.6	71.1	70.6
Restaurant revenue
Revenues:
Total operating revenues	$ 269.3	$ 270.0	$ 819.3	$ 830.4
Other operating revenue
Revenues:
Total operating revenues	$ 24.2	$ 11.3	$ 72.0	$ 21.7

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE EARNINGS (LOSS) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

Statement of Comprehensive Income [Abstract]

Net (loss) earnings

$ (8.5)

$ (24.7)

$ (35.8)

$ 99.5

Other comprehensive earnings, net of tax:

Unrealized gain (loss) on investments and other financial instruments, net (excluding investments in unconsolidated affiliates)

^[1]

1.5

(3.3)

3.3

(4.2)

Unrealized gain (loss) relating to investments in unconsolidated affiliates

^[2]

1.0

4.7

(5.9)

10.0

Reclassification adjustments for unrealized gains and losses on investments and other financial instruments, net of tax, (excluding investments in unconsolidated affiliates) included in net earnings

^[3]

7.0

0.0

7.0

(3.1)

Reclassification adjustments for unrealized gains and losses on unconsolidated affiliates, net of tax, included in net earnings

^[4]

(1.5)

0.0

15.2

0.0

Other comprehensive earnings

8.0

1.4

19.6

2.7

Comprehensive (loss) earnings

(0.5)

(23.3)

(16.2)

102.2

Less: Comprehensive loss attributable to noncontrolling interests

(9.6)

(8.1)

(16.4)

(10.8)

Comprehensive earnings (loss) attributable to Cannae Holdings, Inc.

9.1

(15.2)

0.2

113.0

Net of income tax expense (benefit)

0.5

(2.0)

1.1

(2.6)

Net of income tax expense (benefit)

0.3

2.7

(1.5)

6.2

Net of income tax expense (benefit)

2.5

$ 2.5

$ (1.9)

Net of income tax (benefit) expense

$ (0.4)

$ 4.0

[1]	Net of income tax expense (benefit) of $0.5 million and $(2.0) million for the three months ended September 30, 2018 and 2017, respectively, and $1.1 million and $(2.6) million for the nine months ended September 30, 2018 and 2017, respectively.
[2]	Net of income tax expense (benefit) of $0.3 million and $2.7 million for the three months ended September 30, 2018 and 2017, respectively, and $(1.5) million and $6.2 million for the nine months ended September 30, 2018 and 2017, respectively.
[3]	Net of income tax expense (benefit) of $2.5 million for the three months ended September 30, 2018 and $2.5 million and $(1.9) million for the nine months ended September 30, 2017.
[4]	Net of income tax (benefit) expense of $(0.4) million for the three months ended September 30, 2018 and $4.0 million for the nine months ended September 30, 2018.

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions

Total

Ceridian

Difference between Revenue Guidance in Effect before and after Topic 606

Common Stock

Parent Investment in FNFV

Ceridian

Accumulated Other Comp (Loss) Earnings

Non-controlling Interests

Additional Paid-in Capital

Ceridian

Retained Earnings

Difference between Revenue Guidance in Effect before and after Topic 606

Beginning balance at Dec. 31, 2016

$ 1,009.8

$ 961.6

$ (68.1)

$ 116.3

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive earnings—unrealized loss on investments and other financial instruments, net of tax

(4.2)

^[1]

(4.2)

Other comprehensive earnings—unrealized gain on investments in unconsolidated affiliates, net of tax

10.0

^[2]

10.0

Reclassification adjustments for change in unrealized gains and losses included in net earnings, net of tax

(3.1)

^[3]

(3.1)

Subsidiary stock-based compensation

0.4

Sale of OneDigital

(6.2)

Net change in Parent investment in FNFV Group

(39.5)

Subsidiary dividends paid to noncontrolling interests

(0.1)

Stock-based compensation

$ 4.5

Net (loss) earnings

99.5

110.3

(10.8)

Ending balance at Sep. 30, 2017

1,071.1

$ 1,036.9

(65.4)

99.6

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Adjustment for cumulative effect of adoption of ASC Topic 606 | Accounting Standards Update 2014-09

$ 4.3

Beginning balance at Dec. 31, 2017

1,153.1

$ 0.0

(71.0)

93.7

$ 1,130.2

$ 0.2

Beginning balance (in shares) at Dec. 31, 2017

70.9

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive earnings—unrealized loss on investments and other financial instruments, net of tax

3.3

^[1]

3.3

Other comprehensive earnings—unrealized gain on investments in unconsolidated affiliates, net of tax

(5.9)

^[2]

(5.9)

Reclassification adjustments for change in unrealized gains and losses included in net earnings, net of tax

7.0

^[3]

7.0

Reclassification of unrealized losses on investments in unconsolidated affiliates, net of tax, included in net earnings

15.2

Net change in Parent investment in FNFV Group

4.1

Stock-based compensation

1.3

$ 5.2

1.3

$ 5.2

Shares issued for investment success bonuses, net of issuance costs (in shares)

1.0

Shares issued for investment success bonuses, net of issuance costs

19.8

Contribution of CSA services from FNF

0.9

Net (loss) earnings

(35.8)

(16.4)

(19.4)

Ending balance at Sep. 30, 2018

$ 1,172.5

$ 0.0

$ (67.5)

$ 81.4

$ 1,157.4

$ 1.2

Ending balance (in shares) at Sep. 30, 2018

71.9

[1]	Net of income tax expense (benefit) of $0.5 million and $(2.0) million for the three months ended September 30, 2018 and 2017, respectively, and $1.1 million and $(2.6) million for the nine months ended September 30, 2018 and 2017, respectively.
[2]	Net of income tax expense (benefit) of $0.3 million and $2.7 million for the three months ended September 30, 2018 and 2017, respectively, and $(1.5) million and $6.2 million for the nine months ended September 30, 2018 and 2017, respectively.
[3]	Net of income tax expense (benefit) of $2.5 million for the three months ended September 30, 2018 and $2.5 million and $(1.9) million for the nine months ended September 30, 2017.

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net (loss) earnings	$ (35,800,000)	$ 99,500,000
Adjustments to reconcile net (loss) earnings to net cash used in operating activities:
Depreciation and amortization	46,900,000	43,600,000
Equity in losses of unconsolidated affiliates	16,900,000	16,300,000
Distributions from investments in unconsolidated affiliates	1,200,000	0
Realized gains and asset impairments, net	(71,000,000)	(1,100,000)
Gain on sale of OneDigital	0	(276,000,000)
Stock-based compensation cost	21,000,000	400,000
Changes in assets and liabilities, net of effects from acquisitions:
Net decrease in trade receivables	1,600,000	8,100,000
Net increase in inventory, prepaid expenses and other assets	(10,600,000)	(18,700,000)
Net (decrease) increase in accounts payable, accrued liabilities, deferred revenue and other	(12,800,000)	3,000,000
Net change in income taxes	(6,200,000)	13,500,000
Net cash used in operating activities	(48,800,000)	(111,400,000)
Cash flows from investing activities:
Proceeds from sale of investment securities	17,700,000	31,600,000
Additions to property and equipment	(10,300,000)	(28,400,000)
Additions to other intangible assets	0	(1,100,000)
Proceeds from sales of property and equipment	3,200,000	0
Purchases of investment securities available for sale	0	(1,300,000)
Additional investments in unconsolidated affiliates	0	(1,400,000)
Proceeds from the sale of investments in unconsolidated affiliates and other long term investments	7,000,000	0
Purchases of other long-term investments	(5,500,000)	(3,600,000)
Distributions from investments in unconsolidated affiliates	300,000	1,000,000
Net purchases of short-term investment securities	(32,200,000)	0
Net other investing activities	700,000	0
Proceeds from sale of OneDigital	0	326,000,000
Other acquisitions of businesses, net of cash acquired	0	(21,100,000)
Net cash (used in) provided by investing activities	(19,100,000)	301,700,000
Cash flows from financing activities:
Borrowings	100,000	74,800,000
Debt service payments	(124,100,000)	(32,500,000)
Subsidiary distributions paid to noncontrolling interest shareholders	0	(100,000)
Sale of noncontrolling interest in consolidated subsidiary	4,100,000	0
Payment of contingent consideration for prior period acquisitions	0	(4,000,000)
Equity transactions with Parent, net	0	(39,400,000)
Net cash used in financing activities	(119,900,000)	(1,200,000)
Net (decrease) increase in cash and cash equivalents	(187,800,000)	189,100,000
Cash and cash equivalents at beginning of period	245,600,000	146,400,000
Cash and cash equivalents at end of period	$ 57,800,000	$ 335,500,000

Basis of Financial Statements	9 Months Ended
Basis of Financial Statements	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Financial Statements	Basis of Financial Statements Description of the Business We are a holding company engaged in actively managing and operating a group of companies and investments with a net asset value of approximately $1.1 billion as of September 30, 2018. Our business consists of managing and operating certain majority-owned subsidiaries, as well as making additional majority and minority equity portfolio investments in businesses, in order to achieve superior financial performance and maximize the value of these assets. As of September 30, 2018, our primary majority and minority-owned subsidiaries include American Blue Ribbon Holdings, LLC and its affiliates ("ABRH"), T-System Holdings, LLC ("T-System"), Ceridian HCM Holding, Inc. ("Ceridian HCM"), and various other controlled portfolio companies and minority equity investments. See Note H for further discussion of the businesses comprising our reportable segments. Split-off of Cannae from FNF During December 2016, the board of directors of Fidelity National Financial, Inc. (“FNF” or “Parent”) authorized its management to pursue a plan to redeem each outstanding share of its Fidelity National Financial Ventures Group ("FNFV Group") common stock, par value $0.0001, for one share of common stock, par value $0.0001, of a newly formed entity, Cannae Holdings, Inc. (“Cannae” or the "Company"), with cash in lieu of fractional shares (the "Split-Off"). On November 17, 2017, FNF contributed to Cannae its majority and minority equity investment stakes in a number of entities, including ABRH, T-System, Ceridian Holding LLC ("Ceridian"), the former corporate parent of Ceridian HCM, and various other controlled portfolio companies and minority equity investments. The Split-Off was tax-free to stockholders of FNFV Group common stock. Following the Split-Off, FNF and Cannae operate as separate, publicly traded companies. In connection with the Split-Off, FNF and Cannae entered into certain agreements in order to govern certain of the ongoing relationships between the two companies after the Split-Off and to provide for an orderly transition. These agreements include a reorganization agreement, a corporate services agreement, a registration rights agreement, a voting agreement and a tax matters agreement. The reorganization agreement provides for, among other things, the principal corporate transactions (including the internal restructuring) required to effect the Split-Off, certain conditions to the Split-Off and provisions governing the relationship between Cannae and FNF with respect to and resulting from the Split-Off. The tax matters agreement provides for the allocation and indemnification of tax liabilities and benefits between FNF and Cannae and other agreements related to tax matters. The voting agreement and registration rights agreement provide for certain appearance and voting restrictions and registration rights on shares of Cannae owned by FNF after consummation of the Split-Off. Pursuant to the corporate services agreement (the "CSA"), FNF provides Cannae with certain "back office" services including legal, tax, accounting, and treasury support. FNF will generally provide these services at no-cost for up to three years. We record an expense and an offsetting increase to Additional paid-in-capital for contributed services. Cannae will reimburse FNF for direct, out-of-pocket expenses incurred by FNF in providing these services. The Split-Off was accounted for at historical cost due to the pro rata nature of the distribution to holders of FNFV Group common stock. Principles of Consolidation and Combination and Basis of Presentation The accompanying Condensed Consolidated and Combined Financial Statements are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and the instructions to Form 10-Q and Article 10 of Regulation S-X and include the historical accounts as well as wholly-owned and majority-owned subsidiaries of the Company. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All adjustments made were of a normal, recurring nature. This report should be read in conjunction with our Annual Report on Form 10-K (our "Annual Report") for the year ended December 31, 2017. Prior to the Split-Off, these financial statements represent a combination of the historical financial information of the operations attributed to FNFV Group, of which Cannae is comprised. The Company is allocated certain corporate overhead and management services expenses from FNF based on the terms of the CSA and our proportionate share of the expense determined on actual usage and our best estimate of management's allocation of time. Both FNF and Cannae believe such allocations are reasonable; however, they may not be indicative of the actual results of operations or cash flows of the Company had the Company been operating as an independent, publicly traded company for the periods presented or the amounts that will be incurred by the Company in the future. All intercompany profits, transactions and balances have been eliminated. Our investments in non-majority-owned partnerships and affiliates are accounted for using the equity method until such time that they may become wholly or majority-owned. Earnings attributable to noncontrolling interests are recorded on the Condensed Consolidated and Combined Statements of Operations relating to majority-owned subsidiaries with the appropriate noncontrolling interest that represents the portion of equity not related to our ownership interest recorded on the Condensed Consolidated and Combined Balance Sheets in each period. Management Estimates The preparation of these Condensed Consolidated and Combined Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated and Combined Financial Statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates made by management include the valuation of goodwill and acquired intangible assets (Note B) and fair value measurements (Note C). Actual results may differ from estimates. Recent Developments Dun & Bradstreet On August 8, 2018, we entered into an agreement to partner with an investment consortium (the “Consortium”) including CC Capital Partners LLC and Thomas H. Lee Partners along with other investors to acquire The Dun & Bradstreet Corporation, a Delaware corporation ("Dun & Bradstreet", NYSE:DNB) (the "DNB Acquisition"). Contemporaneously, Dun & Bradstreet entered into an Agreement and Plan of Merger (the "Merger Agreement") by and between Dun & Bradstreet, Star Parent, L.P. ("Star"), a Delaware limited partnership, and Star Merger Sub, Inc. ("Merger Sub"), a Delaware corporation and a wholly owned subsidiary of Star, and upon the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will merge with and into Dun & Bradstreet (the "Merger"), with Dun & Bradstreet surviving the Merger as a wholly owned subsidiary of Star. Under the terms of the Merger, which has been unanimously approved by Dun & Bradstreet’s Board of Directors, Dun & Bradstreet shareholders will receive $145.00 in cash for each share of common stock they own. The DNB Acquisition will be financed through a combination of committed equity financing provided by the Consortium, committed preferred equity from preferred equity sources and debt financing that has been committed to by Bank of America, N.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Royal Bank of Canada. As of the date of this Quarterly Report, we have entered into certain non-binding commitments with various investors to syndicate $400 million of our Equity Commitment (as defined in Note G). We expect to retain the remaining $500 million investment in the DNB Acquisition, representing 25.7% of the outstanding common equity of Star and Dun & Bradstreet, and to fund such amount through cash and investments on hand and debt financing. The DNB Acquisition is expected to close within six months, subject to regulatory clearances and other customary closing conditions. The Dun & Bradstreet board is unanimously recommending that stockholders vote to adopt the merger agreement. On September 12, 2018, Dun & Bradstreet filed its preliminary proxy statement on Schedule 14A with the United States Securities and Exchange Commission ("SEC"). The definitive proxy statement was filed with the SEC on October 2, 2018. On November 7. 2018, Dun & Bradstreet held a special meeting of its stockholders to consider and vote on a proposal to adopt the Merger Agreement and Dun & Bradstreet stockholders voted to approve the Merger. See Note G for further discussion of our obligations under the DNB Acquisition, Merger Agreement and other related agreements. Ceridian On April 26, 2018, Ceridian HCM's previously announced registration statement on Form S-1 was declared effective by the SEC and Ceridian HCM priced its initial public offering of 21,000,000 shares of common stock at a price of $22.00 per share (the "Ceridian IPO"). In addition, the underwriters of the Ceridian IPO were granted and exercised a 30-day option to purchase up to an additional 3,150,000 shares at the initial public offering price, less underwriting discounts and commissions. The New York Stock Exchange ("NYSE") and the Toronto Stock Exchange ("TSX") have approved the listing of Ceridian HCM's shares. Ceridian HCM’s shares trade on the NYSE and TSX under the ticker symbol “CDAY.” In accordance with the terms of our management agreement with Ceridian, the agreement was terminated upon closing of the Ceridian IPO. The termination resulted in a termination fee of $5.6 million which was paid to us on May 1, 2018 and is included in Other operating revenue on the Condensed Consolidated and Combined Statement of Operations for the nine months ended September 30, 2018. As a result of the Ceridian IPO, and participation in a concurrent private placement investment in which we acquired 1,521,030 shares of CDAY representing an investment of $33.4 million from funds previously invested by us and held at Ceridian, we own a total of 37,135,921 shares of CDAY. We recorded a gain of $63.2 million related to our change in ownership of Ceridian which is included in Realized gains, net on the Condensed Consolidated and Combined Statement of Operations for the nine months ended September 30, 2018. The recorded gain is net of $21.1 million of losses (exclusive of $4.4 million of income tax benefit) related to reclassification adjustments from Other comprehensive income. On May 7, 2018, the Compensation Committee of the Board of Directors approved a success bonus of up to $67.1 million resulting from the successful Ceridian IPO. The success bonus was calculated based on 10% of the value of our investment in Ceridian HCM in excess of our basis in Ceridian prior to the Ceridian IPO. The success bonus was paid to certain members of the Board of Directors and management who contributed to acquiring and growing Ceridian over Cannae’s and its predecessor’s ten year ownership of Ceridian and was paid in a combination of cash and stock. On May 16, 2018, we issued 991,906 shares of our common stock for the stock portion of the bonuses. The remaining $46.9 million was paid in cash during the nine months ended September 30, 2018. The expense resulting from the success bonus is included in Personnel expense on the Condensed Consolidated and Combined Statement of Operations for the nine months ended September 30, 2018. LifeWorks Corporation Ltd. ("LifeWorks"), a former minority-owned subsidiary of Ceridian, was distributed pro-rata to Ceridian shareholders contemporaneously with the Ceridian IPO. On July 27, 2018, LifeWorks was sold to Morneau Shepell, Inc. for $325.0 million. Cannae's cash proceeds for its equity interest in LifeWorks were $56.2 million, of which $49.8 million was received in October 2018. A receivable for the proceeds is included in Prepaid expenses and other current assets on our Condensed Consolidated and Combined Balance Sheet as of September 30, 2018. The remainder of the proceeds is expected to be received in 2018. We recorded a gain of $23.7 million on the sale which is included in Realized gains (losses), net on the Condensed Consolidated and Combined Statements of Operations for the three and nine months ended September 30, 2018. Restaurant Group On November 6, 2018, we entered into various definitive agreements with Fidelity Newport Holdings, LLC ("FNH", a subsidiary of the Company and the direct parent of ABRH), ABRH and 99 Restaurants Holdings, LLC ("99 Holdings" and, together with its direct and indirect subsidiaries, the "99 Companies") pursuant to which the following occurred (collectively, the "ABRH-99 Restructuring"): (i) ABRH and certain of its direct and indirect subsidiaries transferred to the applicable 99 Companies those assets principally associated with the 99 Restaurants brand that were not already owned by the 99 Companies; (ii) the existing intercompany credit facility (with an outstanding balance of approximately $133.0 million in principal, plus accrued but unpaid interest and fees) under which we were the sole lender to ABRH, for the benefit of ABRH and its subsidiaries, including the 99 Companies (the “Intercompany Credit Facility”), was modified so that 99 Holdings became the direct borrower (and ABRH and all of its direct and indirect subsidiaries, other than the 99 Companies, were released from their obligations thereunder); (iii) $100.0 million of the outstanding balance due to Cannae under the Intercompany Credit Facility was exchanged for 66.7% of the direct equity interest in 99 Holdings (with ABRH being the direct holder of the remaining 33.3% of the equity interests in 99 Holdings); (iv) FNH paid a facilitation fee to us in the form of 18,023,407 Class A units of FNH and (v) ABRH agreed to continue to provide support services to the 99 Companies. As a result of the the ABRH-99 Restructuring, Cannae (x) owns 65.4% of FNH directly and (y) 88.5% of 99 Holdings beneficially (through a combination of its directly held equity interests in 99 Holdings and the equity interests it holds in FNH). In the quarter ended September 30, 2018, we entered into a plan to sell certain real estate assets of ABRH including its corporate offices located in Nashville, Tennessee and Denver, Colorado. In conjunction with the plan of sale, we reclassified $8.3 million from Property and equipment, net to Prepaid expenses and other current assets on the Condensed Consolidated and Combined Balance Sheet as of September 30, 2018. Other Developments On November 7, 2018, Cannae Funding, LLC (the "Borrower"), a wholly-owned special purpose subsidiary of the Company, entered into a Margin Loan Agreement (the "Loan Agreement"), and certain other related agreements, with Credit Suisse AG (in such capacity, "Administrative Agent") and other lenders thereto. Pursuant to the Loan Agreement, the Borrower may borrow up to $300.0 million (the "Margin Facility") in term loans at an interest rate of the three-month LIBOR plus an applicable margin. Interest on term loans under the Margin Facility is payable in-kind or cash at the Borrower's election. The Margin Facility is collateralized by 25.0 million shares of Ceridian held by the Company which will be contributed to the Borrower prior to any draws under the Margin Facility. The Margin Facility is subject to maintenance and margin LTV ratios pursuant to which the Borrower will be required to maintain a certain loan to value ratio (based on the value of Ceridian common stock held by Borrower). In the event that this ratio is not maintained, the Borrower must post additional cash collateral under the Loan Agreement and/or elect to repay a portion of the term loans thereunder. The Loan Agreement contains customary representations and warranties, covenants, event-of-default, and margin maintenance provisions for financings of this nature which, subject to certain terms and conditions, can result in the acceleration of the principal amount of, and accrued interest on, all outstanding term loans under the Margin Facility upon occurrence. As of the date of this Quarterly Report, there are no borrowings outstanding under the Margin Facility. Concurrently with the Loan Agreement, Cannae entered into a Guaranty (the "Guaranty Agreement") in favor of the Administrative Agent and other lenders thereto pursuant to which Cannae absolutely, unconditionally and irrevocably guaranteed all of the Borrower's obligations under the Loan Agreement for a period of up to one year after the conditions to the effectiveness of the Loan Agreement have been met. During the period in which the Guaranty Agreement is enforceable, Cannae will be liable for all obligations payable by the Borrower under the Loan Agreement and other agreements entered into in connection therewith. On August 10, 2018, our Board of Directors adopted a resolution increasing the size of the Company’s Board of Directors to eight, and elected Erika Meinhardt to serve on our Board of Directors. Ms. Meinhardt will serve in Class II of our Board of Directors, and her term will expire at the annual meeting of our shareholders to be held in 2019. Ms. Meinhardt has not been appointed to any committee of our Board. Earnings Per Share Basic earnings per share, as presented on the Condensed Consolidated and Combined Statement of Operations, is computed by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding during the period. On November 17, 2017, the date of the consummation of the Split-Off, 70.6 million common shares of Cannae were distributed to FNFV Group shareholders. For comparative purposes, the weighted average number of common shares outstanding and basic and diluted earnings per share for the three and nine months ended September 30, 2017 were calculated using the number of shares distributed as if those shares were issued and outstanding beginning January 1, 2017. In periods when earnings are positive, diluted earnings per share is calculated by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding plus the impact of assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted earnings per share is equal to basic earnings per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain shares of restricted stock which have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported. Instruments which provide the ability to purchase shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share. For the three months ended September 30, 2018, there were no antidilutive shares of restricted stock outstanding which were excluded from the calculation of diluted earnings per share. For the nine months ended September 30, 2018, there were 0.1 million antidilutive shares of restricted stock outstanding which were excluded from the calculation of diluted earnings per share. Income Tax On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Reform Act”). Among other provisions, the Tax Reform Act reduced the Federal statutory corporate income tax rate from 35% to 21% and limited or eliminated certain deductions. Our effective tax rate was 8.2% and 12.3% in the three months ended September 30, 2018 and 2017, respectively, and 10.8% and 45.8% in the nine months ended September 30, 2018 and 2017, respectively. The decrease in the effective tax rate in the three-month period was attributable to the decrease in the statutory rate under the Tax Reform Act, partially offset by the discrete tax expense related to the sale of the Company’s LifeWorks investment. The decrease in the effective tax rate in the nine-month period was attributable to the Tax Reform Act and the impact of permanent differences primarily related to the wage and tip credits and losses in the Restaurant Group. The Tax Reform Act significantly changes how the United States taxes corporations. The Company has analyzed and interpreted the current and future impacts of the Tax Reform Act and recorded the provisional effects in its financial statements as of September 30, 2018. However, the legislation remains subject to potential amendments, technical corrections and further guidance. Further, in connection with the filing of its tax return, the Company has the ability to change certain elections it has applied to the calculation of the year-end deferred tax assets and liabilities or amounts related to investments in subsidiaries. When the impact of the Tax Reform Act is finalized, the Company will record any necessary adjustments in the period in which the change occurs. No adjustments related to the Tax Reform Act were recorded in the three and nine months ended September 30, 2018. The only area of continued analysis with respect to the Tax Reform Act is the final tax return to provision adjustments. Goodwill Due to a significant decrease in the Restaurant Group's cash flows and unfavorable results of operations, the Company performed an interim impairment test of goodwill related to the Restaurant Group reporting unit in the third quarter of 2018. The results of the Company’s interim impairment test indicated the fair value of the Restaurant Group reporting unit exceeded its carrying value by 13%. Therefore, the Company concluded that the carrying value of goodwill of $103.1 million related to the Restaurant Group was not impaired based on the interim test. The valuation of goodwill requires the use of estimates of future results of reporting units. Due to uncertainty inherent in the estimation of the fair value of goodwill, should results of operations or cash flows of the Restaurant Group deteriorate in the near future we may be required to record material impairments in future periods. The Company will continue to monitor the results of this reporting unit. Other Intangible Assets We recorded $2.4 million of impairment expense related to a tradename in our Restaurant Group segment in the three months ended September 30, 2018 and an additional $3.4 million of impairment expense related to an abandoned software project in our Restaurant Group in the nine months ended September 30, 2018. Property and Equipment, net We recorded $1.7 million and $3.3 million of impairment expense related to Property and equipment in our Restaurant Group segment in the three and nine months ended September 30, 2018, respectively, which is recorded within Other operating expenses on our Condensed Consolidated and Combined Statements of Operations for the periods then ended. Discontinued Operations On June 6, 2017, we closed on the sale of Digital Insurance, Inc. ("OneDigital"). We retained no ownership in OneDigital and have no continuing involvement with OneDigital as of the date of the sale. As a result of the sale of OneDigital we have reclassified the financial results of OneDigital to discontinued operations for the nine months ended September 30, 2017 in our Condensed Consolidated and Combined Statement of Operations. See Note J for further details of the results of OneDigital. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU provides a new comprehensive revenue recognition model that requires companies to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update permits the use of either the retrospective or cumulative effect transition method. ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations was issued by FASB in March 2016 to clarify the principal versus agent considerations within ASU 2014-09. ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing was issued by the FASB in April 2016 to clarify how to determine whether goods and services are separately identifiable and thus accounted for as separate performance obligations. ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued by the FASB in May 2016 to clarify certain terms from the aforementioned updates and to add practical expedients for contracts at various stages of completion. ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, was issued by the FASB in December 2016 which includes thirteen technical corrections and improvements affecting narrow aspects of the guidance issued in ASU 2014-09. We adopted Accounting Standards Codification ("ASC") Topic 606 Revenue from Contracts with Customers ("ASC Topic 606") on January 1, 2018 using a modified retrospective approach with a cumulative-effect adjustment to the opening balance of retained earnings. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. The adoption of ASC Topic 606 did not have a significant impact on the timing or amount of recognition of revenue for our primary sources of revenue. As a result of the adoption of ASC Topic 606, we recorded a cumulative-effect adjustment of $4.3 million to increase Retained earnings and decrease Deferred revenue as of January 1, 2018. See Note K for further discussion of our revenue. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The amendments in this ASU introduce broad changes to the accounting and reporting for leases by lessees. The main provisions of the new standard include: clarifications to the definitions of a lease, components of leases, and criteria for determining lease classification; requiring virtually all leased assets, including operating leases and related liabilities, to be reflected on the lessee's balance sheet; and expanding and adding to the required disclosures for lessees. This update is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the standard is permitted. The ASU allows for a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP, except that lessees were required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. In July 2018, the FASB issued ASU 2018-11 Leases (Topic 842): Targeted Improvements which allows entities the option to adopt this standard prospectively with a cumulative-effect adjustment to opening equity and only include required disclosures for prior periods. We are still evaluating the totality of the effects this new guidance will have on our business process and systems, financial statements and related disclosures. We have identified a vendor with software suited to track and account for leases under the new standard and are in process of transitioning our lease accounting within the software. We anticipate this standard will have a material impact on our consolidated balance sheets. However, while we are still completing our analysis, we do not anticipate that adoption of this ASU will have a material impact on our consolidated statements of operations. While we are continuing to assess all potential impacts of the standard, we currently believe the most significant impact relates to our accounting for leased real estate for our Restaurant Group. We plan to adopt this standard on January 1, 2019. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments. The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of debt securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the effect this new guidance will have on our financial statements and related disclosures and have not yet concluded on its effects. We do not expect to early adopt the standard. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The guidance simplifies the measurement of goodwill impairment by removing step 2 of the goodwill impairment test, which requires the determination of the fair value of individual assets and liabilities of a reporting unit. The new guidance requires goodwill impairment to be measured as the amount by which a reporting unit’s carrying value exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments should be applied on a prospective basis. The new standard is effective for fiscal years beginning after December 15, 2019 with early adoption permitted for interim or annual goodwill impairment tests performed after January 1, 2017. We have completed our evaluation of the effect this new guidance will have on our financial statements and related disclosures and have concluded that the effect will not be material. We do not expect to early adopt this standard. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The guidance allows for a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Reform Act. The new standard is effective for fiscal years beginning after December 15, 2018 and interim periods in those fiscal years with early adoption permitted. We adopted this standard on April 1, 2018 resulting in a reclassification of $16.1 million of deferred taxes from Accumulated other comprehensive loss to Retained earnings. Other than the one-time reclassification resulting from the adoption of this standard, our policy is to release income tax effects from accumulated other comprehensive income at such time as the earnings or loss of the related activity are recognized in earnings (e.g., upon sale of an investment security). Revision of Prior Period Financial Statements Prior Year Revisions In connection with the preparation of our Consolidated and Combined Financial Statements for the year ended December 31, 2017, we identified and corrected prior period errors pertaining to the accounting for our investment in Ceridian. Specifically, the adjustments related to: (1) our accounting for the equity pick-up related to stock-based compensation at Ceridian and (2) the timing of accounting adjustments made by Ceridian and by us. Adjustments in (1) above related to our accounting for the equity pick-up related to stock-based compensation at Ceridian had no impact to equity due to offsetting adjustments to Parent investment in FNFV Group. These corrections resulted in the following changes: i.an increase in Equity in losses of unconsolidated affiliates of $1.5 million and $2.4 million for the three and nine months ended September 30, 2017 respectively; and ii.a decrease in Income tax benefit of $0.8 million for the nine months ended September 30, 2017. The effect of all prior period corrections, as disclosed in our Annual Report, decreased Parent investment in FNFV Group by $3.9 million as of December 31, 2016. The aggregate of these corrections and the corrections impacting the nine months ended September 30, 2017, as described above, decreased Parent investment in FNFV Group by $2.6 million at September 30, 2017. No earnings per share data was affected as our shares began trading on November 20, 2017 and therefore was not previously presented. Revisions to Prior Interim Periods of the Current Year In connection with the preparation of our Condensed Consolidated Financial Statements for the quarter ended September 30, 2018, we identified and corrected an error pertaining to our presentation of comprehensive (loss) earnings for the three and six months ended June 30, 2018. The misstatement related to the reclassification of $16.7 million of unrealized losses of unconsolidated affiliates from accumulated other comprehensive loss to earnings in conjunction with the Ceridian IPO. The reclassification was properly reflected in the Condensed Consolidated Statement of Equity for the six months ended June 30, 2018; however, it was omitted from the Condensed Consolidated Statements of Comprehensive (Loss) Earnings. This omission resulted in a $16.7 million overstatement of the comprehensive loss and the comprehensive loss attributable to Cannae Holdings, Inc. for the three and six months ended June 30, 2018. We have corrected the presentation of our comprehensive (loss) earnings for the nine months ended September 30, 2018 in the accompanying Condensed Consolidated Statement of Comprehensive (Loss) Earnings. The correction resulted in (i) an increase in the reclassification adjustments for unrealized gains and losses on unconsolidated affiliates, net of tax, included in net earnings, (ii) a decrease in comprehensive loss and (iii) an increase in comprehensive earnings attributable to Cannae Holdings, Inc. of $16.7 million. Earnings from continuing operations, net earnings and earnings per share for the three and six months ended June 30, 2018 were not affected by the error and we have reflected the reclassification in the Condensed Consolidated and Combined Statement of Comprehensive (Loss) Earnings for the nine months ended September 30, 2018. In accordance with accounting guidance found in ASC Topic 250-10 Accounting Changes and Error Corrections (SEC Staff Accounting Bulletin No. 99, Materiality), we assessed the materiality of the errors from quantitative and qualitative perspectives and concluded that the errors were not material, individually or in the aggregate, to any of our previously issued financial statements. Since the revision was not material to any prior period, no amendments to previously issued financial statements are required. Consequently, we have adjusted for these errors by revising the financial statement line items discussed above, including the related impacts to the statements of comprehensive loss, equity and cash flows and disclosures in our historical financial statements.

Acquisitions

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Acquisitions

The results of operations and financial position of the entities acquired during any period are included in the Condensed Consolidated and Combined Financial Statements from and after the date of acquisition.

T-System

On October 16, 2017, we completed the T-System Merger for aggregate merger consideration of $202.2 million. T-System is a provider of clinical documentation and coding solutions to hospital-based and free-standing emergency departments and urgent care facilities.

The Company paid total consideration, net of cash received, of $200.9 million in exchange for 100% of the equity ownership of T-System. The total consideration paid was as follows (in millions):



Cash paid	$	202.2
Less: Cash acquired	1.3
Total cash consideration paid	$	200.9

The purchase price has been allocated to T-System's assets acquired and liabilities assumed based on our best estimates of their fair values as of the acquisition date. Goodwill has been recorded based on the amount that the purchase price exceeds the fair value of the net assets acquired. $32.8 million of the goodwill recorded is deductible for tax purposes.

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



	Fair Value
Trade receivables	$	11.3
Prepaid and other assets	2.0
Property and equipment	1.2
Goodwill	94.0
Other intangible assets	114.9
Total assets acquired	223.4

Accounts payable and accrued liabilities	6.6
Deferred revenue	11.0
Deferred tax liabilities	4.9
Total liabilities assumed	22.5
Net assets acquired	$	200.9

For comparative purposes, selected unaudited pro-forma combined results of operations of Cannae for the three and nine months ended September 30, 2017 are presented below (in millions). Pro-forma results presented assume the consolidation of T-System occurred as of the beginning of the 2017 period. Amounts are adjusted to exclude transaction costs directly attributable to the acquisition of T-System.

The gross carrying values and weighted average estimated useful lives of property and equipment and other intangible assets acquired in the T-System acquisition consists of the following (dollars in millions):



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Property and equipment	$	1.2	3 - 5
Other intangible assets:
Customer relationships	59.2		10
Computer software	45.1		9
Tradename	10.6		10
Total other intangible assets	114.9
Total	$	116.1

Fair Value Measurements

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

The fair value hierarchy established by the accounting standards on fair value measurements includes three levels which are based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. Financial assets and liabilities that are recorded in the Condensed Consolidated and Combined Balance Sheets are categorized based on the inputs to the valuation techniques as follows:

Level 1. Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that we have the ability to access.

Level 2. Financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability.

Level 3. Financial assets and liabilities whose values are based on model inputs that are unobservable.

Recurring Fair Value Measurements

The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2018 and December 31, 2017, respectively:



	September 30, 2018
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Fixed-maturity securities available for sale:
Corporate debt securities	$	—	$	—	$	23.5	$	23.5
Deferred compensation	4.2		—		—		4.2
Total assets	$	4.2	$	—	$	23.5	$	27.7
Liabilities:
Deferred compensation	$	4.2	$	—	$	—	$	4.2
Total liabilities	$	4.2	$	—	$	—	$	4.2



	December 31, 2017
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Fixed-maturity securities available for sale:
Corporate debt securities	$	—	$	14.8	$	—	$	14.8
Equity securities	17.7		—		—		17.7
Deferred compensation	4.4		—		—		4.4
Total assets	$	22.1	$	14.8	$	—	$	36.9
Liabilities:
Deferred compensation	$	4.4	$	—	$	—	$	4.4
Total liabilities	$	4.4	$	—	$	—	$	4.4

Our Level 3 fair value measurement for our fixed maturity securities available for sale are provided by a single third-party pricing service. Depending on security specific characteristics, either an income or a contingent claims approach was utilized in determining fair value of our Level 3 fixed-maturity securities available for sale. Discount rates are the primary unobservable inputs utilized for the securities valued using an income approach. The discount rates used are based on company-specific risk premiums, public company comparable securities, and leveraged loan indices. The discount rates used in our determination of the fair value of our Level 3 fixed-maturity securities available for sale varies by security type and was 11.8% to 17.0% as of September 30, 2018 and a weighted average of 11.9%. Based on the total fair value of our Level 3 fixed-maturity securities available for sale as of September 30, 2018, changes in the discount rate utilized will not result in a fair value significantly different than the amount recorded.

The following table presents a summary of the changes in the fair values of Level 3 assets, measured on a recurring basis, for the three and nine months ended September 30, 2018.



	Three months ended September 30, 2018		Nine months ended September 30, 2018
	Corporate debt		Corporate debt
	securities		securities

Fair value, beginning of period	$	21.6	$	—
Transfers from Level 2	—		21.4
Paid-in-kind dividends (1)	—		0.1
Accretion of original purchase discount (1)	0.3		0.5
Net valuation gain included in other comprehensive earnings	1.6		1.5
Fair value, end of period	$	23.5	$	23.5

_____________________________________

(1) Included in Interest and investment income on the Condensed Consolidated and Combined Statements of Operations

Transfers into or out of the Level 3 fair value category occur when unobservable inputs become more or less significant to the fair value measurement or upon a change in valuation technique. For the nine months ended September 30, 2018, transfers between Level 2 and Level 3 were based on changes in significance of unobservable inputs used associated with a change in the service provider and in the valuation technique used to value our corporate debt securities. The Company’s policy is to recognize transfers between levels in the fair value hierarchy at the end of the reporting period which they occur.

As of December 31, 2017 and September 30, 2017, we held no material assets or liabilities measured at fair value using Level 3 inputs.

All of the unrealized gain (loss) on investments and other financial instruments, net (excluding investments in unconsolidated affiliates) on our Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2018 relate to fixed maturity securities considered Level 3 fair value measures.

Our Level 2 fair value measurement for our fixed-maturity securities available for sale as of December 31, 2017 was provided by a third-party provider. We relied on one price for the instruments to determine the carrying amount of the asset on our balance sheet. A blended comparable public company and discounted cash flow analysis was utilized to determine the fair value. The inputs utilized in the analysis included observable measures such as benchmark yields, benchmark securities, and reference data including public company operating results and market research publications. Other factors considered included the bond's yield, its terms and conditions, or any other feature which may influence its risk and thus marketability, as well as relative credit information and relevant sector news. We reviewed the pricing methodologies for our Level 2 securities by obtaining an understanding of the valuation models and assumptions used by the third-party as well as independently comparing the resulting prices to other publicly available measures of fair value.

Additional information regarding the fair value of our investment portfolio is included in Note D.

Deferred compensation plan assets are comprised of various investment funds which are valued based upon their quoted market prices.

The carrying amounts of trade receivables and notes receivable approximate fair value due to their short-term nature. The fair value of our notes payable is included in Note F.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Investments

9 Months Ended

Sep. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Investments

Available for Sale Securities

The carrying amounts and fair values of our available for sale securities at September 30, 2018 and December 31, 2017 are as follows:



	September 30, 2018
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
	(In millions)
Fixed maturity securities available for sale:
Corporate debt securities	$	23.5	$	21.4	$	2.1	$	—	$	23.5
Total	$	23.5	$	21.4	$	2.1	$	—	$	23.5



	December 31, 2017
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity securities available for sale:
Corporate debt securities	$	14.8	$	26.3	$	0.3	$	(11.8	)	$	14.8
Equity securities	17.7		17.7		0.3		(0.3		)	17.7
Total	$	32.5	$	44.0	$	0.6	$	(12.1	)	$	32.5

The cost basis of fixed maturity securities available for sale includes an adjustment for amortized premium or discount since the date of purchase.

As of September 30, 2018 the fixed maturity securities in our investment portfolio had a maturity of greater than one year but less than five years. Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

Net unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2017 were as follows (in millions):



December 31, 2017	Less than 12 Months
	Fair		Unrealized
	Value		Losses
Corporate debt securities	$	14.3	$	(11.8	)
Equity securities	6.8		(0.3		)
Total temporarily impaired securities	$	21.1	$	(12.1	)

During the three and nine months ended September 30, 2018, we incurred $9.5 million of other-than-temporary impairment charges relating to corporate debt securities which is included in Realized gains (losses), net on the Condensed Consolidated and Combined Statements of Operations. The impairment recorded relates to a corporate debt holding which has experienced a prolonged period of declining earnings and which we are uncertain of our ability to recover our initial investment. All of the loss represents credit loss recognized in earnings and no portion of the loss was included in other comprehensive earnings. During the three and nine months ended September 30, 2017, we incurred no other-than-temporary impairment charges relating to investment securities.

During the nine months ended September 30, 2018, we sold equity securities for gross proceeds of $17.7 million, resulting in realized gains of less than $0.1 million. During the nine months ended September 30, 2017, we sold equity securities for gross proceeds of $31.6 million, resulting in realized gains of $5.1 million. We sold no securities in the three months ended September 30, 2018 or September 30, 2017.

As of September 30, 2018, we held $5.1 million of corporate debt securities for which an other-than-temporary impairment had been previously recognized. It is possible that future events may lead us to recognize potential future impairment losses related to our investment portfolio and that unanticipated future events may lead us to dispose of certain investment holdings and recognize the effects of any market movements in our results of operations.

Investments in Unconsolidated Affiliates

Investments in unconsolidated affiliates recorded using the equity method of accounting as of September 30, 2018 and December 31, 2017 consisted of the following (in millions):



	Ownership at September 30, 2018		September 30, 2018		December 31, 2017
Ceridian	—	%	$	—	$	324.9
Ceridian II	—	%	—		58.4
Ceridian HCM (CDAY)	26.9	%	413.9		—
Total investment in Ceridian			413.9		383.3
Other	various		37.0		41.6
Total			$	450.9	$	424.9

On March 30, 2016, Ceridian Holding II LLC ("Ceridian II"), an affiliate of Ceridian and Ceridian HCM, completed an offering of common stock (the “Offering”) for aggregate proceeds of $150.2 million. The proceeds of the Offering were used by Ceridian II to purchase shares of senior convertible preferred stock of Ceridian HCM, a wholly-owned subsidiary of Ceridian. As part of the Offering, FNF purchased a number of shares of common stock of Ceridian II equal to its pro-rata ownership in Ceridian.

As a result of an internal restructuring occurring upon the closing of the Ceridian IPO, Ceridian and Ceridian II were merged with and into Ceridian HCM and all ownership interests in Ceridian and Ceridian II were exchanged for common stock of Ceridian HCM.

Based on quoted market prices, the aggregate value of our ownership of Ceridian HCM common stock is $1.6 billion as of September 30, 2018.

Summarized financial information for Ceridian for the relevant dates and time periods included in Investments in unconsolidated affiliates and Equity in losses of unconsolidated affiliates in our Condensed Consolidated and Combined Balance Sheets and Statements of Operations, respectively, is presented below. As a result of the Ceridian IPO and associated internal restructuring of Ceridian HCM, financial information as of and for the three and nine months ended September 30, 2018 below represents the operating results and financial position of Ceridian HCM and financial information as of December 31, 2017, and for the three and nine months ended September 30, 2017, represents the operating results and financial position of Ceridian, adjusted to remove the effects of the discontinued operations of LifeWorks. See Note A for further discussion of Ceridian HCM's distribution of LifeWorks.



	September 30, 2018		December 31, 2017
	(In millions)
Total current assets before customer funds	$	291.7	$	459.3
Customer funds	3,426.6		4,099.7
Goodwill and other intangible assets, net	2,142.1		2,167.5
Other assets	102.4		104.1
Total assets	$	5,962.8	$	6,830.6
Current liabilities before customer obligations	$	139.3	$	177.7
Customer obligations	3,457.0		4,105.5
Long-term obligations, less current portion	665.0		1,119.8
Other long-term liabilities	163.0		197.9
Total liabilities	4,424.3		5,600.9
Equity	1,538.5		1,229.7
Total liabilities and equity	$	5,962.8	$	6,830.6



	Three months ended September 30, 2018		Three months ended September 30, 2017			Nine months ended September 30, 2018			Nine months ended September 30, 2017
	(In millions)					(In millions)
Total revenues	$	179.6	$	163.5		$	546.1		$	488.4
Earnings (loss) before income taxes	6.5		(16.8		)	(43.1		)	(48.4		)
Net earnings (loss)	4.4		(20.1		)	(63.2		)	(54.2		)

Short-term Investments

Short-term investments consist primarily of commercial paper and short-duration U.S. agency securities which have an original maturity of greater than three months but less than one year. Short-term investments are carried at amortized cost, which approximates fair value.

Inventory

9 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

Inventory

Inventory consists of the following:



	September 30, 2018			December 31, 2017
	(In millions)
Bakery inventory:
Raw materials	$	8.6		$	9.1
Semi-finished and finished goods	24.0			7.5
Packaging	3.1			2.8
Obsolescence reserve	(2.8		)	(0.6		)
Total bakery inventory	32.9			18.8
Other restaurant-related inventory	10.2			10.9
Other	0.2			—
Total inventory	$	43.3		$	29.7

Notes Payable

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Notes Payable

Notes payable consists of the following:



	September 30, 2018		December 31, 2017
	(In millions)
ABRH Term Loan, interest payable monthly at LIBOR + 3.0%, due August 2019	$	—	$	84.2
ABRH Revolving Credit Facility due August 2019 with interest payable monthly or quarterly at various rates	—		38.0
Brasada Cascades Credit Agreement, due January 2026 with interest payable monthly at varying rates	11.8		12.1
Corporate Revolver Note with FNF, Inc., unused portion of $100.0 million at September 30, 2018	—		—
Other	0.3		0.6
Notes payable, total	$	12.1	$	134.9
Less: Notes payable, current	0.5		122.2
Notes payable, long term	$	11.6	$	12.7

At September 30, 2018 the carrying value of our outstanding notes payable approximates fair value. The carrying values of the variable rate notes pursuant to the Brasada Cascades Credit Agreement approximate fair value as they are variable rate instruments with short reset periods (either monthly or quarterly) which reflect current market rates. The revolving credit facilities are considered Level 2 financial liabilities. The fixed-rate note pursuant to the Cascades Credit Agreement approximates fair value as of September 30, 2018.

On January 29, 2016, FNF NV Brasada, LLC, an Oregon limited liability company and majority-owned subsidiary of Cannae, entered into a credit agreement with an aggregate borrowing capacity of $17.0 million (the “Cascades Credit Agreement”) with Bank of the Cascades, an Oregon state-chartered commercial bank (“Bank of the Cascades”), as lender. On June 13, 2018, the Cascades Credit agreement was modified to add an additional line of credit of $3.6 million and to assign the loan from the Bank of the Cascades to First Interstate Bank. The material terms of the Cascades Credit Agreement are set forth in our Annual Report on Form 10-K for the year ended December 31, 2017. As of September 30, 2018, the variable rate notes incurred interest at 4.42%, and there is $4.4 million available to be drawn on the Line of Credit Loan.

On August 19, 2014, ABRH entered into a credit agreement (the “ABRH Credit Facility”) with Wells Fargo Bank, National Association as administrative agent, Swingline Lender and Issuing Lender (the “ABRH Administrative Agent”), Bank of America, N.A. as syndication agent and the other financial institutions party thereto. The ABRH Credit Facility was amended on February 24, 2017. The material terms of the ABRH Credit Facility are set forth in our Annual Report on Form 10-K for the year ended December 31, 2017. In March 2018, the ABRH Credit Facility was assigned to Cannae and the outstanding balance was paid off in its entirety. Subsequent to the assignment, Cannae and ABRH entered into an amendment to the Credit Facility to increase the interest rate to 10%, suspend the financial covenants until March 31, 2019 and require ABRH to pay to Cannae an amendment fee equal to 2% of the outstanding loan balance.

On June 30, 2014, FNF Group issued to Fidelity National Financial Ventures, LLC ("FNFV, LLC"), a former subsidiary of FNFV Group, a revolver note in an aggregate principal amount of up to $100.0 million (the “Revolver Note”), pursuant to FNF's revolving credit facility. On November 17, 2017, FNF issued to Cannae a revolver note in aggregate principal amount of up to $100.0 million (the "FNF Revolver") which replaced the Revolver Note. The material terms of the FNF Revolver are set forth in our Annual Report on Form 10-K for the year ended December 31, 2017. As of September 30, 2018, we have not made any borrowings under the FNF Revolver.



Gross principal maturities of notes payable at September 30, 2018 are as follows (in millions):
2018 (remaining)	$	0.1
2019	0.6
2020	1.3
2021	0.5
2022	0.5
Thereafter	9.4
	$	12.4

Commitments and Contingencies

9 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Legal Contingencies

In the ordinary course of business, we are involved in various pending and threatened litigation and regulatory matters related to our operations, some of which include claims for punitive or exemplary damages. Our ordinary course litigation includes purported class action lawsuits, which make allegations related to various aspects of our business. From time to time, we also receive requests for information from various state and federal regulatory authorities, some of which take the form of civil investigative demands or subpoenas. Some of these regulatory inquiries may result in the assessment of fines for violations of regulations or settlements with such authorities requiring a variety of remedies. We believe that no actions, other than those discussed below, depart from customary litigation or regulatory inquiries incidental to our business.

Our Restaurant Group companies are a defendant from time to time in various legal proceedings arising in the ordinary course of business, including claims relating to injury or wrongful death under “dram shop” laws that allow a person to sue us based on any injury caused by an intoxicated person who was wrongfully served alcoholic beverages at one of the restaurants; individual and purported class or collective action claims alleging violation of federal and state employment, franchise and other laws; and claims from guests or employees alleging illness, injury or other food quality, health or operational concerns. Our Restaurant Group companies are also subject to compliance with extensive government laws and regulations related to employment practices and policies and the manufacture, preparation, and sale of food and alcohol. We may also become subject to lawsuits and other proceedings, as well as card network fines and penalties, arising out of the actual or alleged theft of our customers' credit or debit card information.

We review lawsuits and other legal and regulatory matters (collectively “legal proceedings”) on an ongoing basis when making accrual and disclosure decisions. When assessing reasonably possible and probable outcomes, management bases its decision on its assessment of the ultimate outcome assuming all appeals have been exhausted. For legal proceedings in which it has been determined that a loss is both probable and reasonably estimable, a liability based on known facts and which represents our best estimate is recorded. As of September 30, 2018 and December 31, 2017, we had $0.6 million and $0.2 million, respectively, accrued for legal proceedings. Actual losses may materially differ from the amounts recorded and the ultimate outcome of our pending legal proceedings is generally not yet determinable. While some of these matters could be material to our operating results or cash flows for any particular period if an unfavorable outcome results, at present we do not believe that the ultimate resolution of currently pending legal proceedings, either individually or in the aggregate, will have a material adverse effect on our financial condition, results of operations or cash flows.

O’Charley’s is the defendant in a lawsuit, Otis v. O’Charley’s, LLC, filed on July 13, 2016, in U.S. District Court, Central District of Illinois. The lawsuit purports to bring a national class action on behalf of all O’Charley’s servers and bartenders under the Fair Labor Standards Act and similar state laws. The complaint alleges that O'Charley's failed to pay plaintiffs the applicable minimum wage and overtime by requiring tipped employees to: (a) spend more than twenty percent of their time performing non-tipped duties, including dishwashing, food preparation, cleaning, maintenance, and other "back of the house" duties; and (b) perform “off the clock” work. Plaintiffs seek damages and declaratory relief. The named plaintiffs and members of the putative class are parties to employment agreements with O’Charley’s that provide, inter alia, for individual arbitration of potential claims and disputes. On October 25, 2016, the District Court entered an Order staying all proceedings in the Otis case pending the United States Supreme Court’s resolution of certain petitions for certiorari filed in several Circuit Courts of Appeals cases that address the issue of whether agreements between employers and employees to arbitrate disputes on an individual basis are enforceable under the Federal Arbitration Act. The Order provides that, if certiorari is granted in any of the Circuit Courts of Appeals cases, the stay of the Otis case will continue until the Supreme Court reaches a final decision on the merits in the cases. On January 13, 2017, the Supreme Court granted certiorari in three of the Circuit Courts of Appeals cases that address the enforceability of arbitration agreements. On May 21, 2018, the Supreme Court ruled on the issue, holding that class-action waivers in employment arbitration agreements are enforceable. The District Court has continued the stay pending the completion of such arbitration proceedings, which have not yet commenced.

Operating Leases

Future minimum operating lease payments as of September 30, 2018 are as follows (in millions):



2018 (remaining)	$	15.4
2019	60.0
2020	54.2
2021	47.4
2022	36.3
Thereafter	138.9
Total future minimum operating lease payments	$	352.2

Unconditional Purchase Obligations

The Restaurant Group has unconditional purchase obligations with various vendors. These purchase obligations are primarily food and beverage obligations with fixed commitments in regards to the time period of the contract and the quantities purchased with annual price adjustments that can fluctuate. We used both historical and projected volume and pricing as of September 30, 2018 to determine the amount of the obligations.

Purchase obligations as of September 30, 2018 are as follows (in millions):



2018 (remaining)	$	67.2
2019	45.2
2020	21.2
2021	8.5
2022	3.8
Thereafter	3.6
Total purchase commitments	$	149.5

DNB Acquisition

In connection with the DNB Acquisition, we entered into an equity commitment letter (the "Equity Commitment Letter"), a limited guarantee agreement (the "Limited Guarantee"), and a letter (the "Letter").

Equity Commitment Letter

On August 8, 2018, we entered into the Equity Commitment Letter with Star, pursuant to which the Company has committed, on the terms and subject to the conditions set forth therein, at the closing of the Merger (the “Closing”), to purchase, directly or indirectly, common equity of Star for an aggregate purchase price equal to $900.0 million (the “Equity Commitment”), subject to certain reductions for syndication sales to other investors as prescribed by the Letter (the terms of which are described more fully under “Letter” below). The Equity Commitment, together with the equity commitments of other members of the Consortium and other funding as contemplated by the Merger Agreement, will be used by Star, to fund, directly or indirectly, the Merger, to the extent necessary.

The obligation of the Company to fund the Equity Commitment will terminate automatically and immediately upon the earliest to occur of certain events including principally (a) the Closing (upon funding), (b) the termination of the Merger Agreement in accordance with its terms, or (c) Dun & Bradstreet or any of its affiliates or representatives asserting any claim, subject to certain exceptions, against the Company in connection with the Merger Agreement or any of the transactions contemplated by the Equity Commitment Letter, Limited Guarantee, or the Merger Agreement.

Limited Guarantee

In addition, on August 8, 2018, the Company executed a Limited Guarantee in favor of Dun & Bradstreet to guarantee payment of 46.31% of certain termination fees, summarized below, and other expenses payable by Star in the event that the Merger Agreement is terminated pursuant to certain provisions of the Merger, subject to the terms and conditions set forth therein.

The Merger Agreement includes the following termination rights and related termination fees, which are subject to the provisions of the Limited Guarantee:

•if the Merger Agreement is terminated by Dun & Bradstreet (i) because Star or Merger Sub have breached their respective representations, warranties, covenants or other agreements in the Merger Agreement in certain circumstances and have failed to cure such breach within a certain period or (ii) because Star has failed to consummate the Merger pursuant to the Merger Agreement notwithstanding the satisfaction or waiver of the conditions to Star's and Merger Sub’s obligations to do so and certain notice of such failure from Dun & Bradstreet to Star, then Star will be required to pay Dun & Bradstreet a termination fee equal to $380.1 million and

•if the Merger Agreement is terminated in certain circumstances related to the failure to receive certain regulatory approvals, then Star will be required to pay Dun & Bradstreet a termination fee equal to $380.1 million.

Letter

In connection with the execution of the Merger Agreement, we entered into the Letter with Star. The terms of the Letter stipulate that the Company, as soon as reasonably practicable following the execution of the Merger Agreement, shall use reasonable best efforts, in collaboration with Star, to syndicate at least $600.0 million of the Equity Commitment to other investors, subject to certain qualifications set forth therein. In addition, the Letter places certain restrictions on the Company's ability to sell or pledge any of our 37,135,921 shares of Ceridian other than for the purposes of funding the Equity Commitment, along with other restrictions.

The obligations of the Company under the Letter will terminate automatically and immediately upon the earliest to occur of: (a) the Closing; (b) the reduction of the Equity Commitment to $300.0 million or less, subject to certain terms and conditions stipulated in the Letter; and (c) the termination of the Company's obligation to fund the Equity Commitment (as defined in the Equity Commitment Letter) pursuant to the terms of the Equity Commitment Letter. Additionally, the Company shall remain the primary obligor for the Equity Commitment (including to the extent syndicated) until the earlier of (i) the Closing and (ii) the termination of our obligation to fund the Equity Commitment pursuant to the terms of the Equity Commitment Letter. We are permitted to have our syndicated investors enter into an equity commitment with Star or the Company.

As of the date of this Quarterly Report, we have entered into non-binding commitments with various investors to syndicate $400 million of our Equity Commitment. We expect to retain the remaining $500 million investment in the DNB Acquisition, representing 25.7% of the outstanding common equity of Star and Dun & Bradstreet, and to fund such amount through cash and investments on hand and debt financing.

Segment Information

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Segment Information

Summarized financial information concerning our reportable segments is shown in the following tables.

As of and for the three months ended September 30, 2018:



	Restaurant Group			T-System			Ceridian			Corporate and Other			Ceridian Elimination			Total

Restaurant revenues	$	269.3		$	—		$	—		$	—		$	—		$	269.3
Other operating revenues	—			14.1			179.6			10.1			(179.6		)	24.2
Revenues from external customers	269.3			14.1			179.6			10.1			(179.6		)	293.5
Interest and investment income, including realized gains and losses	(2.4		)	—			—			15.3			—			12.9
Total revenues	266.9			14.1			179.6			25.4			(179.6		)	306.4
Depreciation and amortization	11.8			4.5			14.3			0.4			(14.3		)	16.7
Interest expense	(4.1		)	(1.4		)	(8.8		)	5.1			8.8			(0.4		)
(Loss) earnings from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	(21.7		)	(2.9		)	6.5			11.2			(6.5		)	(13.4		)
Income tax (benefit) expense	—			(0.7		)	(0.9		)	(0.4		)	0.9			(1.1		)
(Loss) earnings from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	(21.7		)	(2.2		)	7.4			11.6			(7.4		)	(12.3		)
Equity in earnings of unconsolidated affiliates	—			—			—			2.6			1.2			3.8
(Loss) earnings from continuing operations	$	(21.7	)	$	(2.2	)	$	7.4		$	14.2		$	(6.2	)	$	(8.5	)
Assets	$	454.8		$	219.5		$	5,962.8		$	690.4		$	(5,962.8	)	$	1,364.7
Goodwill	103.1			94.0			1,949.8			0.1			(1,949.8		)	197.2

As of and for the three months ended September 30, 2017:



	Restaurant Group			Ceridian			Corporate and Other			Ceridian Elimination			Total

Restaurant revenues	$	270.0		$	—		$	—		$	—		$	270.0
Other operating revenues	—			163.5			11.3			(163.5		)	11.3
Revenues from external customers	270.0			163.5			11.3			(163.5		)	281.3
Interest and investment income, including realized gains and losses	—			—			1.4			—			1.4
Total revenues	270.0			163.5			12.7			(163.5		)	282.7
Depreciation and amortization	11.2			13.6			0.7			(13.6		)	11.9
Interest expense	(1.6		)	(21.9		)	(0.2		)	21.9			(1.8		)
(Loss) earnings from continuing operations, before income taxes and equity in earnings (losses) of unconsolidated affiliates	(18.5		)	(16.8		)	(2.7		)	16.8			(21.2		)
Income tax expense (benefit)	—			0.9			(2.6		)	(0.9		)	(2.6		)
(Loss) earnings from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	(18.5		)	(17.7		)	(0.1		)	17.7			(18.6		)
Equity in earnings (losses) of unconsolidated affiliates	—			—			0.2			(6.3		)	(6.1		)
(Loss) earnings from continuing operations	$	(18.5	)	$	(17.7	)	$	0.1		$	11.4		$	(24.7	)
Assets	$	490.1		$	6,195.7		$	879.6		$	(6,195.7	)	$	1,369.7
Goodwill	103.1			1,964.5			—			(1,964.5		)	103.1

As of and for the nine months ended September 30, 2018:



	Restaurant Group			T-System			Ceridian			Corporate and Other			Ceridian Elimination			Total

Restaurant revenues	$	819.3		$	—		$	—		$	—		$	—		$	819.3
Other operating revenues	—			47.4			546.1			24.6			(546.1		)	72.0
Revenues from external customers	819.3			47.4			546.1			24.6			(546.1		)	891.3
Interest and investment income, including realized gains and losses	(1.0		)	—			—			83.3			—			82.3
Total revenues	818.3			47.4			546.1			107.9			(546.1		)	973.6
Depreciation and amortization	33.2			12.8			42.4			0.9			(42.4		)	46.9
Interest expense	(11.6		)	(2.9		)	(74.4		)	10.9			74.4			(3.6		)
(Loss) earnings from continuing operations, before income taxes and equity in earnings (losses) of unconsolidated affiliates	(36.9		)	(4.2		)	(43.1		)	19.9			43.1			(21.2		)
Income tax (benefit) expense	—			(1.3		)	5.8			(1.0		)	(5.8		)	(2.3		)
(Loss) earnings from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	(36.9		)	(2.9		)	(48.9		)	20.9			48.9			(18.9		)
Equity in earnings (losses) of unconsolidated affiliates	0.1			—			—			3.4			(20.4		)	(16.9		)
(Loss) earnings from continuing operations	$	(36.8	)	$	(2.9	)	$	(48.9	)	$	24.3		$	28.5		$	(35.8	)
Assets	$	454.8		$	219.5		$	5,962.8		$	690.4		$	(5,962.8	)	$	1,364.7
Goodwill	103.1			94.0			1,949.8			0.1			(1,949.8		)	197.2

As of and for the nine months ended September 30, 2017:



	Restaurant Group			Ceridian			Corporate and Other			Ceridian Elimination			Total

Restaurant revenues	$	830.4		$	—		$	—		$	—		$	830.4
Other operating revenues	—			488.4			21.7			(488.4		)	21.7
Revenues from external customers	830.4			488.4			21.7			(488.4		)	852.1
Interest and investment income, including realized gains and losses	—			—			8.8			—			8.8
Total revenues	830.4			488.4			30.5			(488.4		)	860.9
Depreciation and amortization	32.9			39.7			2.0			(39.7		)	34.9
Interest expense	(4.8		)	(65.3		)	(0.4		)	65.3			(5.2		)
(Loss) earnings from continuing operations, before income taxes and equity in earnings (losses) of unconsolidated affiliates	(24.6		)	(48.4		)	(34.3		)	48.4			(58.9		)
Income tax expense (benefit)	—			3.8			(27.0		)	(3.8		)	(27.0		)
(Loss) earnings from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	(24.6		)	(52.2		)	(7.3		)	52.2			(31.9		)
Equity in earnings (losses) of unconsolidated affiliates	0.1			—			1.3			(17.7		)	(16.3		)
(Loss) earnings from continuing operations	$	(24.5	)	$	(52.2	)	$	(6.0	)	$	34.5		$	(48.2	)
Assets	$	490.1		$	6,195.7		$	879.6		$	(6,195.7	)	$	1,369.7
Goodwill	103.1			1,964.5			—			(1,964.5		)	103.1

The activities in our segments include the following:


•	Restaurant Group. This segment consists of the operations of ABRH, in which we have a 55% ownership interest. ABRH and its affiliates are the owners and operators of the O'Charley's, Ninety Nine Restaurants, Village Inn and Bakers Square restaurant and food service concepts, as well as its Legendary Baking bakery operation.

•

Ceridian. This segment consists of our 26.9% ownership interest in Ceridian HCM. Ceridian HCM offers a broad range of services and software designed to help employers more effectively manage employment processes, such as payroll, payroll related tax filing, human resource information systems, employee self-service, time and labor management, and recruitment and applicant screening. Ceridian HCM's cloud offering, Dayforce, is a cloud solution that meets Human Capital Management ("HCM") needs with one employee record and one user experience throughout the application. Dayforce enables organizations to process pay, maintain human resources records, manage benefits enrollment, schedule staff, and find and hire personnel, while monitoring compliance throughout the employee life cycle. We account for our investment in Ceridian under the equity method of accounting and therefore its results of operations do not consolidate into ours. Accordingly, we have presented the elimination of Ceridian's results in the Ceridian Elimination section of the segment presentation above. As a result of the Ceridian IPO and associated internal restructuring of Ceridian HCM, financial information as of and for the three and nine months ended September 30, 2018 above represents the operating results and financial position of Ceridian HCM and financial information as of and for the three and nine months ended September 30, 2017, represents the operating results and financial position of Ceridian, adjusted to remove the effects of the discontinued operations of LifeWorks. See Note A for further discussion of Ceridian HCM's distribution of LifeWorks.

•

T-System. This segment consists of the operations of our 97% owned subsidiary, T-System, acquired on October 16, 2017. T-System is a provider of clinical documentation and coding solutions to hospital-based and free-standing emergency departments and urgent care facilities. T-System organizes itself into two businesses. The Clinical Documentation business offers software solutions providing clinical staff with full workflow operations that drive documentation completeness and revenue optimization to more than 450 customer sites. Additionally, the patented T-Sheet is the industry standard for emergency department documentation, with more than 475 customer sites. The Coding Software & Outsourced Solutions business provides a full-service outsourced coding solution as well as a cloud-based software-as-a-service solution for self-service coding. These offerings help more than 75 customers at more than 400 sites optimize their revenue cycle workflow and customer revenue reimbursement through improved coding accuracy and compliance and coder productivity compared to in-house coding.


•	Corporate and Other. This segment consists of our share in the operations of certain controlled portfolio companies and other equity investments as well as certain intercompany eliminations and taxes.

Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2018

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

The following supplemental cash flow information is provided with respect to interest and tax payments, as well as certain non-cash investing and financing activities.



	Nine months ended September 30,
	2018			2017
	(In millions)
Cash paid during the period:
Interest	$	0.4		$	6.8
Income taxes	0.2			114.4
Non-cash investing activities:
Acquisition of Ceridian HCM common shares through non-cash private placement investment - see Note A	$	(33.4	)	$	—
Non-cash distribution of LifeWorks from Ceridian - see Note A	32.5			—
Receivable from sale of LifeWorks	56.2			—
Non-cash financing activities:
Liabilities and noncontrolling interests assumed in connection with acquisitions:
Fair value of net assets acquired	$	—		$	25.9
Less: Total cash purchase price	—			21.1
Liabilities and noncontrolling interests assumed	$	—		$	4.8
Debt extinguished through the sale of OneDigital	$	—		$	151.1

Discontinued Operations

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

OneDigital

On June 6, 2017, we completed the sale of OneDigital. As a result of the sale of OneDigital we have reclassified the financial results of OneDigital to discontinued operations for the nine months ended September 30, 2017 in our Condensed Consolidated and Combined Statement of Operations. We retained no ownership in OneDigital and have no continuing involvement with OneDigital as of the date of the sale.

A reconciliation of the operations of OneDigital to the Condensed Consolidated and Combined Statement of Operations is shown below:



	Nine months ended September 30,

	2017
	(Unaudited)
Revenues:
Other operating revenue	80.9
Total operating revenues	80.9
Operating expenses:
Personnel costs	56.9
Depreciation and amortization	8.8
Other operating expenses	11.3
Total operating expenses	77.0
Operating income	3.9
Other income (expense):
Interest expense	(2.9		)
Realized gain	276.0
Total other income	273.1
Earnings from discontinued operations before income taxes	$	277.0
Income tax expense	129.3
Earnings from discontinued operations	147.7

Cash flow from discontinued operations data:
Net cash provided by operations	$	17.3
Net cash used in investing activities	(27.3		)

Other acquisitions/disposals of businesses, net of cash acquired, on the Condensed Consolidated and Combined Statements of Cash Flows for the nine months ended September 30, 2017 includes $25.9 million related to acquisitions made by OneDigital. Borrowings and debt service payments on the Condensed Consolidated and Combined Statements of Cash Flows include $23.0 million and $3.0 million, respectively, for the nine months ended September 30, 2017 related to borrowings and principal repayments by OneDigital.

Revenue Recognition

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer

Revenue Recognition

On January 1, 2018, we adopted ASC Topic 606 by applying the modified retrospective method. Results for reporting periods beginning after January 1, 2018 are presented under ASC Topic 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. The adoption of ASC Topic 606 did not have a significant impact on the timing or amount of recognition of revenue for our primary sources of revenue. We recorded a cumulative effect adjustment to opening equity as of January 1, 2018 of $4.3 million as a result of the adoption of ASC Topic 606.

Disaggregation of Revenue

Our revenue consists of:



		Three months ended September 30,				Nine months ended September 30,
		2018		2017		2018		2017
Revenue Stream	Segment	Total Revenue
Restaurant revenue:		(in millions)
Restaurant sales	Restaurant Group	$	247.6	$	252.5	$	765.1	$	777.0
Bakery sales	Restaurant Group	20.2		16.1		49.7		49.1
Franchise and other	Restaurant Group	1.5		1.4		4.5		4.3
Total restaurant revenue		269.3		270.0		819.3		830.4
Other operating revenue:
T-System, point-in-time	T-System	6.2		—		21.9		—
T-System, over time	T-System	7.8		—		25.4		—
Real estate and resort	Corporate and other	10.2		11.0		18.5		19.9
Other	Corporate and other	—		0.3		6.2		1.8
Total other operating revenue		24.2		11.3		72.0		21.7
Total operating revenues		293.5		281.3		891.3		852.1

Restaurant revenue consists of restaurant sales, bakery operations, and, to a lesser extent, franchise revenue and other revenue. Restaurant sales include food and beverage sales and gift card breakage, and are net of applicable state and local sales taxes and discounts and are recognized at a point in time as services are performed and goods are provided. Revenue from bakery operations is recognized at a point in time in the period during which the products are shipped to the customer. Franchise revenue and other revenue consist of development fees and royalties on sales by franchised units. Initial franchise fees are recognized as income upon commencement of the franchise operation and completion of all material services and conditions by the Company. Royalties are calculated as a percentage of the franchisee sales and recognized in the period in which the sales are generated. Revenue resulting from the sale of gift cards is recognized in the period in which the gift card is redeemed and is recorded as deferred revenue until recognized.

T-System recognizes revenue when a customer obtains control of the promised goods or services. The amount of revenue recognized is determined by the consideration that T-System expects to be entitled to in exchange for the goods and services.

T-System offers a software as a service solution with full-service coding ("RevCycle+") available, through contracts with customers to either provide access to its proprietary coding software platform or provide medical chart coding services. Billing for both services occurs monthly as services are provided. Billing for medical chart coding services is based on a fixed monthly fee. Revenue for RevCycle+ is recognized ratably over the term of the contract as services are consumed by the customer. Revenue for implementation and upfront training services provided to the customer, if any, are billed separately and recognized at a point in time upon completion of such services as T-System's performance obligation is considered complete.

T-System sells an electronic version of the medical documentation system (“EV”), provided in the form of a non-exclusive license to use the software at the sites under the agreement. The Company sells software licenses through recurring fixed-term or subscription fee arrangements and one-time perpetual license arrangements. Software contracts include performance obligations that are both satisfied at a point in time and over a period of time as goods and services are transferred. T-System also sells legacy medical documentation templates ("T-Sheets") to emergency care providers to be used for documentation of patient care. T-Sheets includes various optional recurring fixed-term or subscription licenses which are recognized over a period of time after access to the template has been delivered to the customer.

Other operating revenue consists of income generated by our resort operations which includes sales of real estate, lodging rentals, food and beverage sales, and other income from various resort services offered. Revenue is recognized upon closing of the sale of real estate or once goods and services have been provided and billed to the customer.

Contract Balances

The following table provides information about receivables and deferred revenue:



	September 30,		December 31,
	2018		2017
	(In millions)
Trade receivables	$	34.2	$	35.8
Deferred revenue (contract liabilities)	22.3		35.2

Deferred revenue is recorded primarily for our T-System revenue and restaurant gift card sales. The unrecognized portion of such revenue is recorded as Deferred revenue in the Condensed Consolidated and Combined Balance Sheets. Revenue of $9.1 million was recognized in the three months ended September 30, 2018 that was included in Deferred revenue at the beginning of the period.

Transaction Price Allocated to the Remaining Performance Obligations

As of September 30, 2018, approximately $24.1 million of revenue is estimated to be recognized in the future from the Company’s remaining unfulfilled performance obligations, which are primarily comprised of recurring, long-term contracts of one to five years associated with T-System's RevCycle+ and EV contracts. This excludes the amount of anticipated recurring renewals not yet contractually obligated. The Company expects to recognize approximately 48% of our remaining performance obligations over the next 12 months, approximately another 28% over the next 13 to 24 months, and the balance thereafter.

Basis of Financial Statements (Policies)	9 Months Ended
Basis of Financial Statements (Policies)	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation and Combination and Basis of Presentation	Principles of Consolidation and Combination and Basis of Presentation The accompanying Condensed Consolidated and Combined Financial Statements are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and the instructions to Form 10-Q and Article 10 of Regulation S-X and include the historical accounts as well as wholly-owned and majority-owned subsidiaries of the Company. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All adjustments made were of a normal, recurring nature. This report should be read in conjunction with our Annual Report on Form 10-K (our "Annual Report") for the year ended December 31, 2017. Prior to the Split-Off, these financial statements represent a combination of the historical financial information of the operations attributed to FNFV Group, of which Cannae is comprised. The Company is allocated certain corporate overhead and management services expenses from FNF based on the terms of the CSA and our proportionate share of the expense determined on actual usage and our best estimate of management's allocation of time. Both FNF and Cannae believe such allocations are reasonable; however, they may not be indicative of the actual results of operations or cash flows of the Company had the Company been operating as an independent, publicly traded company for the periods presented or the amounts that will be incurred by the Company in the future. All intercompany profits, transactions and balances have been eliminated. Our investments in non-majority-owned partnerships and affiliates are accounted for using the equity method until such time that they may become wholly or majority-owned. Earnings attributable to noncontrolling interests are recorded on the Condensed Consolidated and Combined Statements of Operations relating to majority-owned subsidiaries with the appropriate noncontrolling interest that represents the portion of equity not related to our ownership interest recorded on the Condensed Consolidated and Combined Balance Sheets in each period.
Earnings Per Share	Earnings Per Share Basic earnings per share, as presented on the Condensed Consolidated and Combined Statement of Operations, is computed by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding during the period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU provides a new comprehensive revenue recognition model that requires companies to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update permits the use of either the retrospective or cumulative effect transition method. ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations was issued by FASB in March 2016 to clarify the principal versus agent considerations within ASU 2014-09. ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing was issued by the FASB in April 2016 to clarify how to determine whether goods and services are separately identifiable and thus accounted for as separate performance obligations. ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued by the FASB in May 2016 to clarify certain terms from the aforementioned updates and to add practical expedients for contracts at various stages of completion. ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, was issued by the FASB in December 2016 which includes thirteen technical corrections and improvements affecting narrow aspects of the guidance issued in ASU 2014-09. We adopted Accounting Standards Codification ("ASC") Topic 606 Revenue from Contracts with Customers ("ASC Topic 606") on January 1, 2018 using a modified retrospective approach with a cumulative-effect adjustment to the opening balance of retained earnings. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. The adoption of ASC Topic 606 did not have a significant impact on the timing or amount of recognition of revenue for our primary sources of revenue. As a result of the adoption of ASC Topic 606, we recorded a cumulative-effect adjustment of $4.3 million to increase Retained earnings and decrease Deferred revenue as of January 1, 2018. See Note K for further discussion of our revenue. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The amendments in this ASU introduce broad changes to the accounting and reporting for leases by lessees. The main provisions of the new standard include: clarifications to the definitions of a lease, components of leases, and criteria for determining lease classification; requiring virtually all leased assets, including operating leases and related liabilities, to be reflected on the lessee's balance sheet; and expanding and adding to the required disclosures for lessees. This update is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the standard is permitted. The ASU allows for a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP, except that lessees were required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. In July 2018, the FASB issued ASU 2018-11 Leases (Topic 842): Targeted Improvements which allows entities the option to adopt this standard prospectively with a cumulative-effect adjustment to opening equity and only include required disclosures for prior periods. We are still evaluating the totality of the effects this new guidance will have on our business process and systems, financial statements and related disclosures. We have identified a vendor with software suited to track and account for leases under the new standard and are in process of transitioning our lease accounting within the software. We anticipate this standard will have a material impact on our consolidated balance sheets. However, while we are still completing our analysis, we do not anticipate that adoption of this ASU will have a material impact on our consolidated statements of operations. While we are continuing to assess all potential impacts of the standard, we currently believe the most significant impact relates to our accounting for leased real estate for our Restaurant Group. We plan to adopt this standard on January 1, 2019. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments. The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of debt securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the effect this new guidance will have on our financial statements and related disclosures and have not yet concluded on its effects. We do not expect to early adopt the standard. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The guidance simplifies the measurement of goodwill impairment by removing step 2 of the goodwill impairment test, which requires the determination of the fair value of individual assets and liabilities of a reporting unit. The new guidance requires goodwill impairment to be measured as the amount by which a reporting unit’s carrying value exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments should be applied on a prospective basis. The new standard is effective for fiscal years beginning after December 15, 2019 with early adoption permitted for interim or annual goodwill impairment tests performed after January 1, 2017. We have completed our evaluation of the effect this new guidance will have on our financial statements and related disclosures and have concluded that the effect will not be material. We do not expect to early adopt this standard. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The guidance allows for a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Reform Act. The new standard is effective for fiscal years beginning after December 15, 2018 and interim periods in those fiscal years with early adoption permitted. We adopted this standard on April 1, 2018 resulting in a reclassification of $16.1 million of deferred taxes from Accumulated other comprehensive loss to Retained earnings. Other than the one-time reclassification resulting from the adoption of this standard, our policy is to release income tax effects from accumulated other comprehensive income at such time as the earnings or loss of the related activity are recognized in earnings (e.g., upon sale of an investment security). Revision of Prior Period Financial Statements Prior Year Revisions In connection with the preparation of our Consolidated and Combined Financial Statements for the year ended December 31, 2017, we identified and corrected prior period errors pertaining to the accounting for our investment in Ceridian. Specifically, the adjustments related to: (1) our accounting for the equity pick-up related to stock-based compensation at Ceridian and (2) the timing of accounting adjustments made by Ceridian and by us. Adjustments in (1) above related to our accounting for the equity pick-up related to stock-based compensation at Ceridian had no impact to equity due to offsetting adjustments to Parent investment in FNFV Group. These corrections resulted in the following changes: i.an increase in Equity in losses of unconsolidated affiliates of $1.5 million and $2.4 million for the three and nine months ended September 30, 2017 respectively; and ii.a decrease in Income tax benefit of $0.8 million for the nine months ended September 30, 2017. The effect of all prior period corrections, as disclosed in our Annual Report, decreased Parent investment in FNFV Group by $3.9 million as of December 31, 2016. The aggregate of these corrections and the corrections impacting the nine months ended September 30, 2017, as described above, decreased Parent investment in FNFV Group by $2.6 million at September 30, 2017. No earnings per share data was affected as our shares began trading on November 20, 2017 and therefore was not previously presented. Revisions to Prior Interim Periods of the Current Year In connection with the preparation of our Condensed Consolidated Financial Statements for the quarter ended September 30, 2018, we identified and corrected an error pertaining to our presentation of comprehensive (loss) earnings for the three and six months ended June 30, 2018. The misstatement related to the reclassification of $16.7 million of unrealized losses of unconsolidated affiliates from accumulated other comprehensive loss to earnings in conjunction with the Ceridian IPO. The reclassification was properly reflected in the Condensed Consolidated Statement of Equity for the six months ended June 30, 2018; however, it was omitted from the Condensed Consolidated Statements of Comprehensive (Loss) Earnings. This omission resulted in a $16.7 million overstatement of the comprehensive loss and the comprehensive loss attributable to Cannae Holdings, Inc. for the three and six months ended June 30, 2018. We have corrected the presentation of our comprehensive (loss) earnings for the nine months ended September 30, 2018 in the accompanying Condensed Consolidated Statement of Comprehensive (Loss) Earnings. The correction resulted in (i) an increase in the reclassification adjustments for unrealized gains and losses on unconsolidated affiliates, net of tax, included in net earnings, (ii) a decrease in comprehensive loss and (iii) an increase in comprehensive earnings attributable to Cannae Holdings, Inc. of $16.7 million. Earnings from continuing operations, net earnings and earnings per share for the three and six months ended June 30, 2018 were not affected by the error and we have reflected the reclassification in the Condensed Consolidated and Combined Statement of Comprehensive (Loss) Earnings for the nine months ended September 30, 2018. In accordance with accounting guidance found in ASC Topic 250-10 Accounting Changes and Error Corrections (SEC Staff Accounting Bulletin No. 99, Materiality), we assessed the materiality of the errors from quantitative and qualitative perspectives and concluded that the errors were not material, individually or in the aggregate, to any of our previously issued financial statements. Since the revision was not material to any prior period, no amendments to previously issued financial statements are required. Consequently, we have adjusted for these errors by revising the financial statement line items discussed above, including the related impacts to the statements of comprehensive loss, equity and cash flows and disclosures in our historical financial statements
Revenue Recognition	Deferred revenue is recorded primarily for our T-System revenue and restaurant gift card sales. The unrecognized portion of such revenue is recorded as Deferred revenue in the Condensed Consolidated and Combined Balance Sheets. Restaurant revenue consists of restaurant sales, bakery operations, and, to a lesser extent, franchise revenue and other revenue. Restaurant sales include food and beverage sales and gift card breakage, and are net of applicable state and local sales taxes and discounts and are recognized at a point in time as services are performed and goods are provided. Revenue from bakery operations is recognized at a point in time in the period during which the products are shipped to the customer. Franchise revenue and other revenue consist of development fees and royalties on sales by franchised units. Initial franchise fees are recognized as income upon commencement of the franchise operation and completion of all material services and conditions by the Company. Royalties are calculated as a percentage of the franchisee sales and recognized in the period in which the sales are generated. Revenue resulting from the sale of gift cards is recognized in the period in which the gift card is redeemed and is recorded as deferred revenue until recognized. T-System recognizes revenue when a customer obtains control of the promised goods or services. The amount of revenue recognized is determined by the consideration that T-System expects to be entitled to in exchange for the goods and services. T-System offers a software as a service solution with full-service coding ("RevCycle+") available, through contracts with customers to either provide access to its proprietary coding software platform or provide medical chart coding services. Billing for both services occurs monthly as services are provided. Billing for medical chart coding services is based on a fixed monthly fee. Revenue for RevCycle+ is recognized ratably over the term of the contract as services are consumed by the customer. Revenue for implementation and upfront training services provided to the customer, if any, are billed separately and recognized at a point in time upon completion of such services as T-System's performance obligation is considered complete. T-System sells an electronic version of the medical documentation system (“EV”), provided in the form of a non-exclusive license to use the software at the sites under the agreement. The Company sells software licenses through recurring fixed-term or subscription fee arrangements and one-time perpetual license arrangements. Software contracts include performance obligations that are both satisfied at a point in time and over a period of time as goods and services are transferred. T-System also sells legacy medical documentation templates ("T-Sheets") to emergency care providers to be used for documentation of patient care. T-Sheets includes various optional recurring fixed-term or subscription licenses which are recognized over a period of time after access to the template has been delivered to the customer. Other operating revenue consists of income generated by our resort operations which includes sales of real estate, lodging rentals, food and beverage sales, and other income from various resort services offered. Revenue is recognized upon closing of the sale of real estate or once goods and services have been provided and billed to the customer.

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Schedule of Total Consideration Paid

The total consideration paid was as follows (in millions):



Cash paid	$	202.2
Less: Cash acquired	1.3
Total cash consideration paid	$	200.9

Summary of Total Purchase Price Consideration and Fair Value Amounts Recognized



	Fair Value
Trade receivables	$	11.3
Prepaid and other assets	2.0
Property and equipment	1.2
Goodwill	94.0
Other intangible assets	114.9
Total assets acquired	223.4

Accounts payable and accrued liabilities	6.6
Deferred revenue	11.0
Deferred tax liabilities	4.9
Total liabilities assumed	22.5
Net assets acquired	$	200.9

Unaudited Pro-forma Combined Results of Operations

Gross Carrying Values and Weighted Average Estimated Useful Lives of Property and Equipment



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Property and equipment	$	1.2	3 - 5
Other intangible assets:
Customer relationships	59.2		10
Computer software	45.1		9
Tradename	10.6		10
Total other intangible assets	114.9
Total	$	116.1

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2018 and December 31, 2017, respectively:



	September 30, 2018
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Fixed-maturity securities available for sale:
Corporate debt securities	$	—	$	—	$	23.5	$	23.5
Deferred compensation	4.2		—		—		4.2
Total assets	$	4.2	$	—	$	23.5	$	27.7
Liabilities:
Deferred compensation	$	4.2	$	—	$	—	$	4.2
Total liabilities	$	4.2	$	—	$	—	$	4.2



	December 31, 2017
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Fixed-maturity securities available for sale:
Corporate debt securities	$	—	$	14.8	$	—	$	14.8
Equity securities	17.7		—		—		17.7
Deferred compensation	4.4		—		—		4.4
Total assets	$	22.1	$	14.8	$	—	$	36.9
Liabilities:
Deferred compensation	$	4.4	$	—	$	—	$	4.4
Total liabilities	$	4.4	$	—	$	—	$	4.4

Summary of Changes in the Fair Values of Level 3 Assets Measured on a Recurring Basis

The following table presents a summary of the changes in the fair values of Level 3 assets, measured on a recurring basis, for the three and nine months ended September 30, 2018.



	Three months ended September 30, 2018		Nine months ended September 30, 2018
	Corporate debt		Corporate debt
	securities		securities

Fair value, beginning of period	$	21.6	$	—
Transfers from Level 2	—		21.4
Paid-in-kind dividends (1)	—		0.1
Accretion of original purchase discount (1)	0.3		0.5
Net valuation gain included in other comprehensive earnings	1.6		1.5
Fair value, end of period	$	23.5	$	23.5

_____________________________________

(1) Included in Interest and investment income on the Condensed Consolidated and Combined Statements of Operations

Investments (Tables)

9 Months Ended

Sep. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of Carrying Amounts and Fair Values of Available for Sale Securities

The carrying amounts and fair values of our available for sale securities at September 30, 2018 and December 31, 2017 are as follows:



	September 30, 2018
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
	(In millions)
Fixed maturity securities available for sale:
Corporate debt securities	$	23.5	$	21.4	$	2.1	$	—	$	23.5
Total	$	23.5	$	21.4	$	2.1	$	—	$	23.5



	December 31, 2017
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity securities available for sale:
Corporate debt securities	$	14.8	$	26.3	$	0.3	$	(11.8	)	$	14.8
Equity securities	17.7		17.7		0.3		(0.3		)	17.7
Total	$	32.5	$	44.0	$	0.6	$	(12.1	)	$	32.5

Schedule of Investment Securities in a Continuous Unrealized Loss Position



December 31, 2017	Less than 12 Months
	Fair		Unrealized
	Value		Losses
Corporate debt securities	$	14.3	$	(11.8	)
Equity securities	6.8		(0.3		)
Total temporarily impaired securities	$	21.1	$	(12.1	)

Schedule of Investments in Unconsolidated Affiliates and Summarized Financial Information for Ceridian



	September 30, 2018		December 31, 2017
	(In millions)
Total current assets before customer funds	$	291.7	$	459.3
Customer funds	3,426.6		4,099.7
Goodwill and other intangible assets, net	2,142.1		2,167.5
Other assets	102.4		104.1
Total assets	$	5,962.8	$	6,830.6
Current liabilities before customer obligations	$	139.3	$	177.7
Customer obligations	3,457.0		4,105.5
Long-term obligations, less current portion	665.0		1,119.8
Other long-term liabilities	163.0		197.9
Total liabilities	4,424.3		5,600.9
Equity	1,538.5		1,229.7
Total liabilities and equity	$	5,962.8	$	6,830.6



	Three months ended September 30, 2018		Three months ended September 30, 2017			Nine months ended September 30, 2018			Nine months ended September 30, 2017
	(In millions)					(In millions)
Total revenues	$	179.6	$	163.5		$	546.1		$	488.4
Earnings (loss) before income taxes	6.5		(16.8		)	(43.1		)	(48.4		)
Net earnings (loss)	4.4		(20.1		)	(63.2		)	(54.2		)

Investments in unconsolidated affiliates recorded using the equity method of accounting as of September 30, 2018 and December 31, 2017 consisted of the following (in millions):



	Ownership at September 30, 2018		September 30, 2018		December 31, 2017
Ceridian	—	%	$	—	$	324.9
Ceridian II	—	%	—		58.4
Ceridian HCM (CDAY)	26.9	%	413.9		—
Total investment in Ceridian			413.9		383.3
Other	various		37.0		41.6
Total			$	450.9	$	424.9

Inventory (Tables)

9 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventory consists of the following:



	September 30, 2018			December 31, 2017
	(In millions)
Bakery inventory:
Raw materials	$	8.6		$	9.1
Semi-finished and finished goods	24.0			7.5
Packaging	3.1			2.8
Obsolescence reserve	(2.8		)	(0.6		)
Total bakery inventory	32.9			18.8
Other restaurant-related inventory	10.2			10.9
Other	0.2			—
Total inventory	$	43.3		$	29.7

Notes Payable (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Notes Payable

Notes payable consists of the following:



	September 30, 2018		December 31, 2017
	(In millions)
ABRH Term Loan, interest payable monthly at LIBOR + 3.0%, due August 2019	$	—	$	84.2
ABRH Revolving Credit Facility due August 2019 with interest payable monthly or quarterly at various rates	—		38.0
Brasada Cascades Credit Agreement, due January 2026 with interest payable monthly at varying rates	11.8		12.1
Corporate Revolver Note with FNF, Inc., unused portion of $100.0 million at September 30, 2018	—		—
Other	0.3		0.6
Notes payable, total	$	12.1	$	134.9
Less: Notes payable, current	0.5		122.2
Notes payable, long term	$	11.6	$	12.7

Gross Principal Maturities of Notes Payable



Gross principal maturities of notes payable at September 30, 2018 are as follows (in millions):
2018 (remaining)	$	0.1
2019	0.6
2020	1.3
2021	0.5
2022	0.5
Thereafter	9.4
	$	12.4

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Future Minimum Operating Lease Payments

Future minimum operating lease payments as of September 30, 2018 are as follows (in millions):



2018 (remaining)	$	15.4
2019	60.0
2020	54.2
2021	47.4
2022	36.3
Thereafter	138.9
Total future minimum operating lease payments	$	352.2

Purchase Obligations

Purchase obligations as of September 30, 2018 are as follows (in millions):



2018 (remaining)	$	67.2
2019	45.2
2020	21.2
2021	8.5
2022	3.8
Thereafter	3.6
Total purchase commitments	$	149.5

Segment Information (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Summary of Financial Information Concerning Reportable Segments

Summarized financial information concerning our reportable segments is shown in the following tables.

As of and for the three months ended September 30, 2018:



	Restaurant Group			T-System			Ceridian			Corporate and Other			Ceridian Elimination			Total

Restaurant revenues	$	269.3		$	—		$	—		$	—		$	—		$	269.3
Other operating revenues	—			14.1			179.6			10.1			(179.6		)	24.2
Revenues from external customers	269.3			14.1			179.6			10.1			(179.6		)	293.5
Interest and investment income, including realized gains and losses	(2.4		)	—			—			15.3			—			12.9
Total revenues	266.9			14.1			179.6			25.4			(179.6		)	306.4
Depreciation and amortization	11.8			4.5			14.3			0.4			(14.3		)	16.7
Interest expense	(4.1		)	(1.4		)	(8.8		)	5.1			8.8			(0.4		)
(Loss) earnings from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	(21.7		)	(2.9		)	6.5			11.2			(6.5		)	(13.4		)
Income tax (benefit) expense	—			(0.7		)	(0.9		)	(0.4		)	0.9			(1.1		)
(Loss) earnings from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	(21.7		)	(2.2		)	7.4			11.6			(7.4		)	(12.3		)
Equity in earnings of unconsolidated affiliates	—			—			—			2.6			1.2			3.8
(Loss) earnings from continuing operations	$	(21.7	)	$	(2.2	)	$	7.4		$	14.2		$	(6.2	)	$	(8.5	)
Assets	$	454.8		$	219.5		$	5,962.8		$	690.4		$	(5,962.8	)	$	1,364.7
Goodwill	103.1			94.0			1,949.8			0.1			(1,949.8		)	197.2

As of and for the three months ended September 30, 2017:



	Restaurant Group			Ceridian			Corporate and Other			Ceridian Elimination			Total

Restaurant revenues	$	270.0		$	—		$	—		$	—		$	270.0
Other operating revenues	—			163.5			11.3			(163.5		)	11.3
Revenues from external customers	270.0			163.5			11.3			(163.5		)	281.3
Interest and investment income, including realized gains and losses	—			—			1.4			—			1.4
Total revenues	270.0			163.5			12.7			(163.5		)	282.7
Depreciation and amortization	11.2			13.6			0.7			(13.6		)	11.9
Interest expense	(1.6		)	(21.9		)	(0.2		)	21.9			(1.8		)
(Loss) earnings from continuing operations, before income taxes and equity in earnings (losses) of unconsolidated affiliates	(18.5		)	(16.8		)	(2.7		)	16.8			(21.2		)
Income tax expense (benefit)	—			0.9			(2.6		)	(0.9		)	(2.6		)
(Loss) earnings from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	(18.5		)	(17.7		)	(0.1		)	17.7			(18.6		)
Equity in earnings (losses) of unconsolidated affiliates	—			—			0.2			(6.3		)	(6.1		)
(Loss) earnings from continuing operations	$	(18.5	)	$	(17.7	)	$	0.1		$	11.4		$	(24.7	)
Assets	$	490.1		$	6,195.7		$	879.6		$	(6,195.7	)	$	1,369.7
Goodwill	103.1			1,964.5			—			(1,964.5		)	103.1

As of and for the nine months ended September 30, 2018:



	Restaurant Group			T-System			Ceridian			Corporate and Other			Ceridian Elimination			Total

Restaurant revenues	$	819.3		$	—		$	—		$	—		$	—		$	819.3
Other operating revenues	—			47.4			546.1			24.6			(546.1		)	72.0
Revenues from external customers	819.3			47.4			546.1			24.6			(546.1		)	891.3
Interest and investment income, including realized gains and losses	(1.0		)	—			—			83.3			—			82.3
Total revenues	818.3			47.4			546.1			107.9			(546.1		)	973.6
Depreciation and amortization	33.2			12.8			42.4			0.9			(42.4		)	46.9
Interest expense	(11.6		)	(2.9		)	(74.4		)	10.9			74.4			(3.6		)
(Loss) earnings from continuing operations, before income taxes and equity in earnings (losses) of unconsolidated affiliates	(36.9		)	(4.2		)	(43.1		)	19.9			43.1			(21.2		)
Income tax (benefit) expense	—			(1.3		)	5.8			(1.0		)	(5.8		)	(2.3		)
(Loss) earnings from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	(36.9		)	(2.9		)	(48.9		)	20.9			48.9			(18.9		)
Equity in earnings (losses) of unconsolidated affiliates	0.1			—			—			3.4			(20.4		)	(16.9		)
(Loss) earnings from continuing operations	$	(36.8	)	$	(2.9	)	$	(48.9	)	$	24.3		$	28.5		$	(35.8	)
Assets	$	454.8		$	219.5		$	5,962.8		$	690.4		$	(5,962.8	)	$	1,364.7
Goodwill	103.1			94.0			1,949.8			0.1			(1,949.8		)	197.2

As of and for the nine months ended September 30, 2017:



	Restaurant Group			Ceridian			Corporate and Other			Ceridian Elimination			Total

Restaurant revenues	$	830.4		$	—		$	—		$	—		$	830.4
Other operating revenues	—			488.4			21.7			(488.4		)	21.7
Revenues from external customers	830.4			488.4			21.7			(488.4		)	852.1
Interest and investment income, including realized gains and losses	—			—			8.8			—			8.8
Total revenues	830.4			488.4			30.5			(488.4		)	860.9
Depreciation and amortization	32.9			39.7			2.0			(39.7		)	34.9
Interest expense	(4.8		)	(65.3		)	(0.4		)	65.3			(5.2		)
(Loss) earnings from continuing operations, before income taxes and equity in earnings (losses) of unconsolidated affiliates	(24.6		)	(48.4		)	(34.3		)	48.4			(58.9		)
Income tax expense (benefit)	—			3.8			(27.0		)	(3.8		)	(27.0		)
(Loss) earnings from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	(24.6		)	(52.2		)	(7.3		)	52.2			(31.9		)
Equity in earnings (losses) of unconsolidated affiliates	0.1			—			1.3			(17.7		)	(16.3		)
(Loss) earnings from continuing operations	$	(24.5	)	$	(52.2	)	$	(6.0	)	$	34.5		$	(48.2	)
Assets	$	490.1		$	6,195.7		$	879.6		$	(6,195.7	)	$	1,369.7
Goodwill	103.1			1,964.5			—			(1,964.5		)	103.1

Supplemental Cash Flow Information (Tables)

9 Months Ended

Sep. 30, 2018

Supplemental Cash Flow Elements [Abstract]

Schedule of Supplemental Cash Flow information

The following supplemental cash flow information is provided with respect to interest and tax payments, as well as certain non-cash investing and financing activities.



	Nine months ended September 30,
	2018			2017
	(In millions)
Cash paid during the period:
Interest	$	0.4		$	6.8
Income taxes	0.2			114.4
Non-cash investing activities:
Acquisition of Ceridian HCM common shares through non-cash private placement investment - see Note A	$	(33.4	)	$	—
Non-cash distribution of LifeWorks from Ceridian - see Note A	32.5			—
Receivable from sale of LifeWorks	56.2			—
Non-cash financing activities:
Liabilities and noncontrolling interests assumed in connection with acquisitions:
Fair value of net assets acquired	$	—		$	25.9
Less: Total cash purchase price	—			21.1
Liabilities and noncontrolling interests assumed	$	—		$	4.8
Debt extinguished through the sale of OneDigital	$	—		$	151.1

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Reconciliation of Operations

A reconciliation of the operations of OneDigital to the Condensed Consolidated and Combined Statement of Operations is shown below:



	Nine months ended September 30,

	2017
	(Unaudited)
Revenues:
Other operating revenue	80.9
Total operating revenues	80.9
Operating expenses:
Personnel costs	56.9
Depreciation and amortization	8.8
Other operating expenses	11.3
Total operating expenses	77.0
Operating income	3.9
Other income (expense):
Interest expense	(2.9		)
Realized gain	276.0
Total other income	273.1
Earnings from discontinued operations before income taxes	$	277.0
Income tax expense	129.3
Earnings from discontinued operations	147.7

Cash flow from discontinued operations data:
Net cash provided by operations	$	17.3
Net cash used in investing activities	(27.3		)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Our revenue consists of:



		Three months ended September 30,				Nine months ended September 30,
		2018		2017		2018		2017
Revenue Stream	Segment	Total Revenue
Restaurant revenue:		(in millions)
Restaurant sales	Restaurant Group	$	247.6	$	252.5	$	765.1	$	777.0
Bakery sales	Restaurant Group	20.2		16.1		49.7		49.1
Franchise and other	Restaurant Group	1.5		1.4		4.5		4.3
Total restaurant revenue		269.3		270.0		819.3		830.4
Other operating revenue:
T-System, point-in-time	T-System	6.2		—		21.9		—
T-System, over time	T-System	7.8		—		25.4		—
Real estate and resort	Corporate and other	10.2		11.0		18.5		19.9
Other	Corporate and other	—		0.3		6.2		1.8
Total other operating revenue		24.2		11.3		72.0		21.7
Total operating revenues		293.5		281.3		891.3		852.1

Contract Balances, Information About Receivables and Deferred Revenue

The following table provides information about receivables and deferred revenue:



	September 30,		December 31,
	2018		2017
	(In millions)
Trade receivables	$	34.2	$	35.8
Deferred revenue (contract liabilities)	22.3		35.2

Basis of Financial Statements - Description of the Business (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net asset value	$ 1,091.1	$ 1,059.4

Basis of Financial Statements - Split-off of Cannae From FNF (Details)	1 Months Ended	9 Months Ended
	Dec. 31, 2016 $ / shares	Sep. 30, 2018 $ / shares	Dec. 31, 2017 $ / shares
Business Acquisition [Line Items]
Par value per share (in usd per share)	$ 0.0001	$ 0.0001	$ 0.0001
Corporate Services Agreement \| FNF \| Parent
Business Acquisition [Line Items]
Period for FNF to provide services at no-cost (up to)		3 years
FNFV
Business Acquisition [Line Items]
Par value per share (in usd per share)	$ 0.0001
Number of shares of newly formed entity Received for each outstanding share redeemed	1

Basis of Financial Statements - Recent Developments (Details)									1 Months Ended	3 Months Ended			9 Months Ended
	Nov. 07, 2018 USD ($) shares	Nov. 06, 2018 USD ($) shares	Aug. 08, 2018 USD ($) $ / shares	Jul. 27, 2018 USD ($)	May 16, 2018 shares	May 07, 2018 USD ($)	May 01, 2018 USD ($)	Apr. 26, 2018 USD ($) $ / shares shares	Oct. 31, 2018 USD ($)	Oct. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)	Sep. 30, 2018 USD ($) shares	Sep. 30, 2017 USD ($)	Nov. 08, 2018 USD ($)	Aug. 10, 2018 director	Dec. 31, 2017 USD ($)
Subsidiary, Sale of Stock [Line Items]
Gain (loss) due change in ownership of Ceridian (net of losses reclassed from OCI)											$ 11,300,000	$ (200,000)	$ 77,800,000	$ 4,900,000
Income tax benefit											1,100,000	2,600,000	2,300,000	27,000,000
Bonuses paid											30,600,000	$ 18,700,000	145,000,000	79,200,000
Proceeds from the sale of investments in unconsolidated affiliates and other long term investments													7,000,000	$ 0
Outstanding debt											12,100,000		12,100,000				$ 134,900,000
Reclass from property and equipment, net											(186,000,000)		(186,000,000)				(218,800,000)
Reclass to prepaid expenses and other current assets											84,700,000		84,700,000				$ 21,400,000
Board resolution adopted increasing the size of the Board of Directors to \| director																8
Scenario, Adjustment
Subsidiary, Sale of Stock [Line Items]
Reclass from property and equipment, net											8,300,000		8,300,000
Reclass to prepaid expenses and other current assets											8,400,000		8,400,000
Subsequent Event \| Margin Facility \| Term loans
Subsidiary, Sale of Stock [Line Items]
Credit facility, borrowing capacity (up to)	$ 300,000,000.0
Subsequent Event \| 99 Holdings
Subsidiary, Sale of Stock [Line Items]
Ownership interest as a result of ABRH-99 Restructuring		88.50%
Subsequent Event \| 99 Holdings \| Intercompany Credit Facility \| Revolving Credit Facility
Subsidiary, Sale of Stock [Line Items]
Outstanding debt, exchanged for direct equity interest, amount		$ 100,000,000
Direct equity interest exchanged for debt release, percent		66.70%
Subsequent Event \| FNH
Subsidiary, Sale of Stock [Line Items]
Ownership interest as a result of ABRH-99 Restructuring		65.40%
LifeWorks Corporation \| Ceridian
Subsidiary, Sale of Stock [Line Items]
Proceeds from sale of LifeWorks				$ 325,000,000
Gain on sale of business											23,700,000		$ 23,700,000
LifeWorks Corporation \| Ceridian \| Subsequent Event
Subsidiary, Sale of Stock [Line Items]
Proceeds from the sale of investments in unconsolidated affiliates and other long term investments									$ 49,800,000	$ 56,200,000
Common Stock
Subsidiary, Sale of Stock [Line Items]
Stock issued (in shares) \| shares													1,000,000
Ceridian HCM Holding, Inc.
Subsidiary, Sale of Stock [Line Items]
Price per share (in usd per share) \| $ / shares								$ 22.00
Payment received for termination fee							$ 5,600,000
Shares owned after transaction \| shares								37,135,921
Ceridian HCM Holding, Inc. \| Other Operating Revenue
Subsidiary, Sale of Stock [Line Items]
Payment received for termination fee											5,600,000		$ 5,600,000
Ceridian HCM Holding, Inc. \| Initial Public Offering
Subsidiary, Sale of Stock [Line Items]
Number of shares issued (in shares) \| shares								21,000,000
Offering option, exercisable, period								30 days
Success bonus approved (up to)						$ 67,100,000
Success bonus calculation, percentage						10.00%
Ceridian HCM Holding, Inc. \| Initial Public Offering \| Board Of Directors And Management
Subsidiary, Sale of Stock [Line Items]
Bonuses paid											46,900,000
Ceridian HCM Holding, Inc. \| Initial Public Offering \| Common Stock \| Board Of Directors And Management
Subsidiary, Sale of Stock [Line Items]
Stock issued (in shares) \| shares					991,906
Ceridian HCM Holding, Inc. \| Over-Allotment Option
Subsidiary, Sale of Stock [Line Items]
Number of shares issued (in shares) \| shares								3,150,000
Ceridian HCM Holding, Inc. \| Private Placement
Subsidiary, Sale of Stock [Line Items]
Number of shares issued (in shares) \| shares								1,521,030
Concurrent private placement investment								$ 33,400,000
Gain (loss) due change in ownership of Ceridian (net of losses reclassed from OCI)											63,200,000		63,200,000
Ceridian HCM Holding, Inc. \| Private Placement \| Reclassification Adjustments, Losses, Before Tax, From Other comprehensive income
Subsidiary, Sale of Stock [Line Items]
Gain (loss) due change in ownership of Ceridian (net of losses reclassed from OCI)											(21,100,000)		(21,100,000)
Ceridian HCM Holding, Inc. \| Private Placement \| Reclassification Adjustments, Losses, From Other comprehensive income, tax
Subsidiary, Sale of Stock [Line Items]
Income tax benefit											$ 4,400,000		$ 4,400,000
American Blue Ribbon Holdings \| Subsequent Event \| Intercompany Credit Facility \| Revolving Credit Facility
Subsidiary, Sale of Stock [Line Items]
Outstanding debt		$ 133,000,000
American Blue Ribbon Holdings \| Subsequent Event \| 99 Holdings
Subsidiary, Sale of Stock [Line Items]
Ownership (as a percent)		33.30%
FNH \| Subsequent Event \| Capital Unit, Class A
Subsidiary, Sale of Stock [Line Items]
Units issued (in shares) \| shares		18,023,407
Ceridian \| Subsequent Event \| Margin Facility \| Term loans \| Margin Facility Collateral
Subsidiary, Sale of Stock [Line Items]
Stock issued (in shares) \| shares	25,000,000.0
Dun And Bradstreet Corporation
Subsidiary, Sale of Stock [Line Items]
Cash paid to shareholders for each share of common stock owned (in usd per share) \| $ / shares			$ 145.00
Dun And Bradstreet Corporation \| Cannae \| Equity Commitment To Other Investors
Subsidiary, Sale of Stock [Line Items]
Commitments under Merger Agreement			$ 600,000,000.0
Dun And Bradstreet Corporation \| Cannae \| Equity Commitment To Other Investors \| Subsequent Event
Subsidiary, Sale of Stock [Line Items]
Commitments under Merger Agreement															$ 400,000,000
Dun And Bradstreet Corporation \| Cannae \| Commitment To Purchase Common Equity Of Star, Directly Or Indirectly
Subsidiary, Sale of Stock [Line Items]
Commitments under Merger Agreement			$ 900,000,000.0
Dun And Bradstreet Corporation \| Cannae \| Commitment To Purchase Common Equity Of Star, Directly Or Indirectly \| Subsequent Event
Subsidiary, Sale of Stock [Line Items]
Commitments under Merger Agreement															$ 500,000,000
Percentage of outstanding common equity of Star															25.70%

Basis of Financial Statements - Earnings Per Share (Details) - shares		3 Months Ended	9 Months Ended
	Nov. 17, 2017	Sep. 30, 2018	Sep. 30, 2018
Class of Stock [Line Items]
Antidilutive shares excluded from calculation of diluted earnings per share		0	100,000.0
FNFV \| Cannae Holdings Common Stock
Class of Stock [Line Items]
Shares of new entity distributed to shareholders	70,600,000

Basis of Financial Statements - Income Tax (Details)	3 Months Ended		9 Months Ended
Basis of Financial Statements - Income Tax (Details)	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Effective tax rate	8.20%	12.30%	10.80%	45.80%

Basis of Financial Statements - Goodwill (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
Goodwill [Line Items]
Reporting unit, percentage of fair value in excess of carrying amount	13.00%
Goodwill	$ 197.2	$ 202.7	$ 103.1
Operating Segments
Goodwill [Line Items]
Goodwill
Operating Segments \| Restaurant Group
Goodwill [Line Items]
Goodwill	$ 103.1		$ 103.1

Basis of Financial Statements - Other Intangible Assets (Details) - Restaurant Group $ in Millions	3 Months Ended
	Sep. 30, 2018 USD ($)
Tradename
Finite-Lived Intangible Assets [Line Items]
Impairment expense	$ 2.4
Computer Software, Intangible Asset
Finite-Lived Intangible Assets [Line Items]
Impairment expense	$ 3.4

Basis of Financial Statements - Property and Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Operating Segments \| Restaurant Group
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment expense related to property plant and equipment	$ 1.7	$ 3.3

Basis of Financial Statements - Discontinued Operations (Details)	Jun. 06, 2017
OneDigital \| Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership interest after sale	0.00%

Basis of Financial Statements - Recent Accounting Pronouncements (Details) - USD ($) $ in Millions	Apr. 01, 2018	Dec. 31, 2017
ASU 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification adjustment for deferred taxes, Tax Cut And Jobs Act Of 2017	$ 0.0
Retained Earnings \| ASU 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification adjustment for deferred taxes, Tax Cut And Jobs Act Of 2017	16.1
AOCI Attributable to Parent \| ASU 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification adjustment for deferred taxes, Tax Cut And Jobs Act Of 2017	$ (16.1)
Accounting Standards Update 2014-09 \| Difference between Revenue Guidance in Effect before and after Topic 606
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment for cumulative effect of adoption of ASC Topic 606		$ 4.3
Cumulative effect adjustment to deferred revenue		4.3
Accounting Standards Update 2014-09 \| Retained Earnings \| Difference between Revenue Guidance in Effect before and after Topic 606
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment for cumulative effect of adoption of ASC Topic 606		$ 4.3

Basis of Financial Statements - Revision of Prior Period Financial Statements (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended	9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Equity in earnings (losses) of unconsolidated affiliates	$ 3.8		$ (6.1)		$ (16.9)	$ (16.3)
Income tax benefit	1.1		2.6		2.3	27.0
Reclassification of net unrealized losses on investments in unconsolidated affiliates included in net earnings				$ 16.7	15.2
Comprehensive loss	(0.5)		(23.3)		(16.2)	102.2
Comprehensive loss attributable to parent	9.1		(15.2)		0.2	113.0
Previously Reported, Overstatement
Schedule of Equity Method Investments [Line Items]
Comprehensive loss		$ 16.7		16.7
Comprehensive loss attributable to parent		$ 16.7		$ 16.7
Restatement Adjustment \| Increase In Equity Losses Of Unconsolidated Affiliates \| Parent Investment in FNFV
Schedule of Equity Method Investments [Line Items]
Equity in earnings (losses) of unconsolidated affiliates			1.5			2.4
Restatement Adjustment \| Decrease In Income Tax Benefit \| Parent Investment in FNFV
Schedule of Equity Method Investments [Line Items]
Income tax benefit						0.8
Restatement Adjustment \| Decrease In Parent Investment In FNFV \| Parent Investment in FNFV
Schedule of Equity Method Investments [Line Items]
Decreased Parent Investment in FNFV			$ 2.6			$ 2.6	$ 3.9
Restatement Adjustment \| Increase In Reclassfication Adjustments For Change In Unrealized Gains And Losses Included In Net Earnings
Schedule of Equity Method Investments [Line Items]
Reclassification of net unrealized losses on investments in unconsolidated affiliates included in net earnings					16.7
Restatement Adjustment \| Decrease In Comprehensive Loss
Schedule of Equity Method Investments [Line Items]
Comprehensive loss					16.7
Restatement Adjustment \| Increase In Comprehensive Earnings Attributable To Parent
Schedule of Equity Method Investments [Line Items]
Comprehensive loss attributable to parent					$ 16.7
Restaurant Group \| Computer Software, Intangible Asset
Schedule of Equity Method Investments [Line Items]
Impairment expense	$ 3.4

Acquisitions - Narrative (Details) - USD ($) $ in Millions		9 Months Ended
Acquisitions - Narrative (Details) - USD ($) $ in Millions	Oct. 16, 2017	Sep. 30, 2018	Sep. 30, 2017
Business Acquisition [Line Items]
Less: Total cash purchase price		$ 0.0	$ 21.1
T-System
Business Acquisition [Line Items]
Merger consideration	$ 202.2
T-System \| FNFV
Business Acquisition [Line Items]
Less: Total cash purchase price	$ 200.9
Percentage ownership acquired	100.00%
Goodwill, expected to be deductible for tax purposes	$ 32.8

Acquisitions - Schedule of Total Consideration Paid (Details) - USD ($) $ in Millions		9 Months Ended
	Oct. 16, 2017	Sep. 30, 2018	Sep. 30, 2017
Business Acquisition [Line Items]
Total cash consideration paid		$ 0.0	$ 21.1
T-System \| FNFV
Business Acquisition [Line Items]
Cash paid	$ 202.2
Less: Cash acquired	1.3
Total cash consideration paid	$ 200.9

Acquisitions - Summary of Total Purchase Price Consideration and Fair Value Amounts Recognized (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017	Oct. 16, 2017	Sep. 30, 2017
Business Acquisition [Line Items]
Goodwill	$ 197.2	$ 202.7		$ 103.1
T-System \| FNFV
Business Acquisition [Line Items]
Trade receivables			$ 11.3
Prepaid and other current assets			2.0
Property and equipment			1.2
Goodwill			94.0
Other intangible assets			114.9
Total assets acquired			223.4
Accounts payable and accrued liabilities			6.6
Deferred revenue			11.0
Deferred tax liabilities			4.9
Total liabilities assumed			22.5
Net assets acquired			$ 200.9

Acquisitions - Unaudited Pro-forma Combined Results of Operations (Details) - T-System - FNFV - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Business Acquisition [Line Items]
Total revenues	$ 295.1	$ 895.0
Net (loss) earnings attributable to Cannae Holdings	$ (17.2)	$ 110.0

Acquisitions - Estimated Useful Lives of Property and Equipment and Other Intangible Assets (Details) - T-System - FNFV $ in Millions	Oct. 16, 2017 USD ($)
Business Acquisition [Line Items]
Property and equipment	$ 1.2
Total other intangible assets	114.9
Total	$ 116.1
Minimum
Business Acquisition [Line Items]
Weighted Average Estimated Useful Life, property and equipment (in years)	3 years
Maximum
Business Acquisition [Line Items]
Weighted Average Estimated Useful Life, property and equipment (in years)	5 years
Customer relationships
Business Acquisition [Line Items]
Total other intangible assets	$ 59.2
Weighted Average Estimated Useful Life, other intangible assets (in years)	10 years
Computer software
Business Acquisition [Line Items]
Total other intangible assets	$ 45.1
Weighted Average Estimated Useful Life, other intangible assets (in years)	9 years
Tradename
Business Acquisition [Line Items]
Total other intangible assets	$ 10.6
Weighted Average Estimated Useful Life, other intangible assets (in years)	10 years

Fair Value Measurements - Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details)	Sep. 30, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)
Level 3
Fixed-maturity securities available for sale:
Total assets		$ 0	$ 0
Liabilities:
Total liabilities		0	$ 0
Level 3 \| Discount Rate \| Minimum
Liabilities:
Discount rate	0.118
Level 3 \| Discount Rate \| Maximum
Liabilities:
Discount rate	0.170
Level 3 \| Discount Rate \| Weighted Average
Liabilities:
Discount rate	0.119
Recurring Basis
Fixed-maturity securities available for sale:
Deferred compensation	$ 4,200,000	4,400,000
Total assets	27,700,000	36,900,000
Liabilities:
Deferred compensation	4,200,000	4,400,000
Total liabilities	4,200,000	4,400,000
Recurring Basis \| Corporate debt securities
Fixed-maturity securities available for sale:
Corporate debt securities	23,500,000	14,800,000
Recurring Basis \| Equity securities available for sale
Fixed-maturity securities available for sale:
Equity securities		17,700,000
Recurring Basis \| Level 1
Fixed-maturity securities available for sale:
Deferred compensation	4,200,000	4,400,000
Total assets	4,200,000	22,100,000
Liabilities:
Deferred compensation	4,200,000	4,400,000
Total liabilities	4,200,000	4,400,000
Recurring Basis \| Level 1 \| Corporate debt securities
Fixed-maturity securities available for sale:
Corporate debt securities	0	0
Recurring Basis \| Level 1 \| Equity securities available for sale
Fixed-maturity securities available for sale:
Equity securities		17,700,000
Recurring Basis \| Level 2
Fixed-maturity securities available for sale:
Deferred compensation	0	0
Total assets	0	14,800,000
Liabilities:
Deferred compensation	0	0
Total liabilities	0	0
Recurring Basis \| Level 2 \| Corporate debt securities
Fixed-maturity securities available for sale:
Corporate debt securities	0	14,800,000
Recurring Basis \| Level 2 \| Equity securities available for sale
Fixed-maturity securities available for sale:
Equity securities		0
Recurring Basis \| Level 3
Fixed-maturity securities available for sale:
Deferred compensation	0	0
Total assets	23,500,000	0
Liabilities:
Deferred compensation	0	0
Total liabilities	0	0
Recurring Basis \| Level 3 \| Corporate debt securities
Fixed-maturity securities available for sale:
Corporate debt securities	$ 23,500,000	0
Recurring Basis \| Level 3 \| Equity securities available for sale
Fixed-maturity securities available for sale:
Equity securities		$ 0

Fair Value Measurements - Summary of Changes in the Fair Values of level 3 Assets Measured on a Recurring Basis (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Recurring Basis
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Assets measured at fair value	$ 27,700,000	$ 27,700,000		$ 36,900,000
Liabilities measured at fair value	4,200,000	4,200,000		4,400,000
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Dividends, Paid-in-kind	0	100,000
Accretion of original purchase discount	300,000	500,000
Net valuation gain included in other comprehensive earnings	1,600,000	1,500,000
Realized gain or losses in net earnings			$ 0
Assets measured at fair value			0	0
Liabilities measured at fair value			$ 0	0
Level 3 \| Recurring Basis
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Assets measured at fair value	23,500,000	23,500,000		0
Liabilities measured at fair value	0	0		$ 0
Level 3 \| Corporate debt securities \| Recurring Basis
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Beginning of period	21,600,000	0
Transfers from Level 2	0	21,400,000
Fair Value, End of period	$ 23,500,000	$ 23,500,000

Investments - Schedule of Carrying Amounts and Fair Values of Available for Sale Securities (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Fixed maturity securities available for sale:
Cost Basis, debt securities	$ 21.4
Unrealized Gains, debt securities	2.1
Unrealized Losses, debt securities	0.0
Cost Basis		$ 44.0
Unrealized Gains		0.6
Unrealized Losses		(12.1)
Corporate debt securities
Fixed maturity securities available for sale:
Cost Basis, debt securities	21.4	26.3
Unrealized Gains, debt securities	2.1	0.3
Unrealized Losses, debt securities	0.0	(11.8)
Equity securities available for sale
Fixed maturity securities available for sale:
Cost Basis, equity securities		17.7
Unrealized Gains, equity securities		0.3
Unrealized Losses, equity securities		(0.3)
Carrying Value
Fixed maturity securities available for sale:
Fair Value, debt securities, available for sale	23.5
Securities available for sale		32.5
Carrying Value \| Corporate debt securities
Fixed maturity securities available for sale:
Fair Value, debt securities, available for sale	23.5	14.8
Carrying Value \| Equity securities available for sale
Fixed maturity securities available for sale:
Fair Value, equity securities available for sale		17.7
Fair Value
Fixed maturity securities available for sale:
Fair Value, debt securities, available for sale	23.5
Securities available for sale		32.5
Fair Value \| Corporate debt securities
Fixed maturity securities available for sale:
Fair Value, debt securities, available for sale	$ 23.5	14.8
Fair Value \| Equity securities available for sale
Fixed maturity securities available for sale:
Fair Value, equity securities available for sale		$ 17.7

Investments - Narrative (Details) - USD ($)		3 Months Ended		9 Months Ended
Investments - Narrative (Details) - USD ($)	Mar. 30, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Debt Securities, Available-for-sale [Line Items]
Proceeds from sale of investment securities		$ 0	$ 0	$ 17,700,000	$ 31,600,000
Ceridian
Debt Securities, Available-for-sale [Line Items]
Aggregate value of ownership of common stock		1,600,000,000		1,600,000,000
Securities available for sale
Debt Securities, Available-for-sale [Line Items]
Other-than-temporary impairment charges relating to securities available for sale		9,500,000.0	$ 0	9,500,000.0	0
Ceridian II \| Public Offering
Debt Securities, Available-for-sale [Line Items]
Aggregate proceeds from offering	$ 150,200,000
Equity securities
Debt Securities, Available-for-sale [Line Items]
Proceeds from sale of equity securities				17,700,000	31,600,000
Realized gains related to the sales of equity securities available for sale (less than for 2018)				100,000	$ 5,100,000
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Debt securities held with previously recognized other than temporary impairment		$ 5,100,000.0		$ 5,100,000.0
Minimum
Debt Securities, Available-for-sale [Line Items]
Fixed maturity securities, maturity				1 year
Maximum
Debt Securities, Available-for-sale [Line Items]
Fixed maturity securities, maturity				5 years

Investments - Schedule of Investment Securities in a Continuous Unrealized Loss Position (Details) $ in Millions	Dec. 31, 2017 USD ($)
Fair Value
Less than 12 Months	$ 21.1
Unrealized Losses
Less than 12 Months	(12.1)
Corporate debt securities
Fair Value
Less than 12 Months, debt securities	14.3
Unrealized Losses
Less than 12 Months, debt securities	(11.8)
Equity securities
Fair Value
Less than 12 Months	6.8
Unrealized Losses
Less than 12 Months	$ (0.3)

Investments - Schedule of Investments in Unconsolidated Affiliates (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 450.9	$ 424.9
Total investment in Ceridian
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)
Investments in unconsolidated affiliates	$ 413.9	383.3
Ceridian
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)	0.00%
Investments in unconsolidated affiliates	$ 0.0	324.9
Ceridian II
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)	0.00%
Investments in unconsolidated affiliates	$ 0.0	58.4
Ceridian HCM (CDAY)
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)	26.90%
Investments in unconsolidated affiliates	$ 413.9	0.0
Other
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 37.0	$ 41.6

Investments - Schedule of Summarized Financial Information for Ceridian (Details) - Ceridian - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Condensed Combined Balance Sheets
Total current assets before customer funds	$ 291.7		$ 291.7		$ 459.3
Customer funds	3,426.6		3,426.6		4,099.7
Goodwill and other intangible assets, net	2,142.1		2,142.1		2,167.5
Other assets	102.4		102.4		104.1
Total assets	5,962.8		5,962.8		6,830.6
Current liabilities before customer obligations	139.3		139.3		177.7
Customer obligations	3,457.0		3,457.0		4,105.5
Long-term obligations, less current portion	665.0		665.0		1,119.8
Other long-term liabilities	163.0		163.0		197.9
Total liabilities	4,424.3		4,424.3		5,600.9
Equity	1,538.5		1,538.5		1,229.7
Total liabilities and equity	5,962.8		5,962.8		$ 6,830.6
Condensed Combined Statements of Earnings
Total revenues	179.6	$ 163.5	546.1	$ 488.4
Earnings (loss) before income taxes	6.5	(16.8)	(43.1)	(48.4)
Net earnings (loss)	$ 4.4	$ (20.1)	$ (63.2)	$ (54.2)

Inventory (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 8.6	$ 9.1
Semi-finished and finished goods	24.0	7.5
Packaging	3.1	2.8
Obsolescence reserve	(2.8)	(0.6)
Total bakery inventory	32.9	18.8
Other restaurant-related inventory	10.2	10.9
Other	0.2	0.0
Total inventory	$ 43.3	$ 29.7

Notes Payable - Schedule of Notes Payable (Details) - USD ($)	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Notes payable, total	$ 12,100,000	$ 134,900,000
Less: Notes payable, current	500,000	122,200,000
Notes payable, long term	11,600,000	12,700,000
ABRH Term Loan \| Notes payable
Debt Instrument [Line Items]
Notes payable, total	$ 0	84,200,000
ABRH Term Loan \| Notes payable \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%
ABRH Revolving Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Notes payable, total	$ 0	38,000,000
Brasada Credit Agreement \| Notes payable
Debt Instrument [Line Items]
Notes payable, total	11,800,000	12,100,000
Corporate Revolver Note \| Revolving Credit Facility
Debt Instrument [Line Items]
Notes payable, total	0	0
Unused portion	100,000,000
Other \| Notes payable
Debt Instrument [Line Items]
Notes payable, total	$ 300,000	$ 600,000

Notes Payable - Narrative (Details) - USD ($)	1 Months Ended
Notes Payable - Narrative (Details) - USD ($)	Mar. 31, 2018	Sep. 30, 2018	Jun. 13, 2018	Dec. 31, 2017	Nov. 17, 2017	Jan. 29, 2016	Jun. 30, 2014
Line of Credit Facility [Line Items]
Additional line of credit		$ 12,100,000		$ 134,900,000
Cascades Credit Agreement \| Notes payable
Line of Credit Facility [Line Items]
Additional line of credit		11,800,000		12,100,000
Corporate Revolver Note \| Revolver Note
Line of Credit Facility [Line Items]
Aggregate borrowing capacity					$ 100,000,000.0
Additional line of credit		0		$ 0
Amount available to be drawn		100,000,000
NV Brasada \| Cascades Credit Agreement
Line of Credit Facility [Line Items]
Aggregate borrowing capacity						$ 17,000,000.0
NV Brasada \| Cascades Credit Agreement \| Line of Credit Loan
Line of Credit Facility [Line Items]
Additional line of credit			$ 3,600,000
Amount available to be drawn		$ 4,400,000
NV Brasada \| Cascades Credit Agreement \| Notes payable
Line of Credit Facility [Line Items]
Variable rate interest		4.42%
ABRH \| Notes payable
Line of Credit Facility [Line Items]
Amendment fee, percentage	2.00%
ABRH \| ABRH Credit Facility, Second Amendment Interest Rate \| Notes payable
Line of Credit Facility [Line Items]
Interest rate increased to	10.00%
FNF, LLC \| Corporate Revolver Note \| Revolver Note
Line of Credit Facility [Line Items]
Aggregate borrowing capacity							$ 100,000,000

Notes Payable - Gross Principal Maturities of Notes Payable (Details) $ in Millions	Sep. 30, 2018 USD ($)
Debt Disclosure [Abstract]
2018 (remaining)	$ 0.1
2019	0.6
2020	1.3
2021	0.5
2022	0.5
Thereafter	9.4
Total Long Term Debt	$ 12.4

Commitments and Contingencies - Narrative (Details) $ in Millions	Jul. 13, 2016	Sep. 30, 2018 USD ($)	Dec. 31, 2017 USD ($)	Jan. 13, 2017 case
Loss Contingencies [Line Items]
Accrual for legal proceedings \| $		$ 0.6	$ 0.2
Otis v. O’Charley’s, LLC \| Pending Litigation
Loss Contingencies [Line Items]
Time performing non-tipped duties (more than)	20.00%
Circuit Courts of Appeals Cases \| Pending Litigation
Loss Contingencies [Line Items]
Number of cases granted certiorari \| case				3

Commitments and Contingencies - Future Minimum Operating Lease Commitments (Details) $ in Millions	Sep. 30, 2018 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2018 (remaining)	$ 15.4
2019	60.0
2020	54.2
2021	47.4
2022	36.3
Thereafter	138.9
Total future minimum operating lease payments	$ 352.2

Commitments and Contingencies - Purchase Obligations (Details) $ in Millions	Sep. 30, 2018 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2018 (remaining)	$ 67.2
2019	45.2
2020	21.2
2021	8.5
2022	3.8
Thereafter	3.6
Total purchase commitments	$ 149.5

Commitments and Contingencies - DNB Acquisition (Details) - Cannae - DNB Acquisition - USD ($)	Nov. 08, 2018	Aug. 08, 2018
Other Commitments [Line Items]
Limited Guarantee of payment of percentage of termination fees		46.31%
Limited Guarantee Agreement In Favor Of Acquiree
Other Commitments [Line Items]
Merger Agreement termination, termination fee		$ 380,100,000
Equity Commitment To Other Investors (at least)
Other Commitments [Line Items]
Commitments under Merger Agreement		$ 600,000,000.0
Restrictions On Sale Or Pledge Of Ceridian Shares For Purposes Other Than Funding The Equity Commitment
Other Commitments [Line Items]
Shares owned (in shares)		37,135,921
Reduction of the Equity Commitment (or less)
Other Commitments [Line Items]
Commitments under Merger Agreement		$ 300,000,000
Commitment To Purchase Common Equity Of Star, Directly Or Indirectly
Other Commitments [Line Items]
Commitments under Merger Agreement		$ 900,000,000.0
Subsequent Event \| Equity Commitment To Other Investors (at least)
Other Commitments [Line Items]
Commitments under Merger Agreement	$ 400,000,000
Subsequent Event \| Commitment To Purchase Common Equity Of Star, Directly Or Indirectly
Other Commitments [Line Items]
Commitments under Merger Agreement	$ 500,000,000
Percentage of outstanding common equity of Star	25.70%

Segment Information - Summary of Financial Information Concerning Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenues from external customers	$ 293.5	$ 281.3	$ 891.3	$ 852.1
Interest and investment income, including realized gains and losses	12.9	1.4	82.3	8.8
Total revenues	306.4	282.7	973.6	860.9
Depreciation and amortization	16.7	11.9	46.9	34.9
Interest expense	(0.4)	(1.8)	(3.6)	(5.2)
(Loss) earnings from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	(13.4)	(21.2)	(21.2)	(58.9)
Income tax (benefit) expense	(1.1)	(2.6)	(2.3)	(27.0)
Loss from continuing operations before equity in losses of unconsolidated affiliates	(12.3)	(18.6)	(18.9)	(31.9)
Equity in earnings of unconsolidated affiliates	3.8	(6.1)	(16.9)	(16.3)
Loss from continuing operations	(8.5)	(24.7)	(35.8)	(48.2)
Assets	1,364.7	1,369.7	1,364.7	1,369.7	$ 1,487.2
Goodwill	197.2	103.1	197.2	103.1	$ 202.7
Restaurant Group
Segment Reporting Information [Line Items]
Revenues from external customers	269.3	270.0	819.3	830.4
Operating Segments
Segment Reporting Information [Line Items]
Depreciation and amortization			12.8
Interest expense			(2.9)
(Loss) earnings from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates			(4.2)
Income tax (benefit) expense			(1.3)
Goodwill
Operating Segments \| Restaurant Group
Segment Reporting Information [Line Items]
Revenues from external customers	269.3	270.0	819.3	830.4
Interest and investment income, including realized gains and losses	(2.4)	0.0	(1.0)	0.0
Total revenues	266.9	270.0	818.3	830.4
Depreciation and amortization	11.8	11.2	33.2	32.9
Interest expense	(4.1)	(1.6)	(11.6)	(4.8)
(Loss) earnings from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	(21.7)	(18.5)	(36.9)	(24.6)
Income tax (benefit) expense	0.0	0.0	0.0	0.0
Loss from continuing operations before equity in losses of unconsolidated affiliates	(21.7)	(18.5)	(36.9)	(24.6)
Equity in earnings of unconsolidated affiliates	0.0	0.0	0.1	0.1
Loss from continuing operations	(21.7)	(18.5)	(36.8)	(24.5)
Assets	454.8	490.1	454.8	490.1
Goodwill	103.1	103.1	103.1	103.1
Operating Segments \| T-System
Segment Reporting Information [Line Items]
Revenues from external customers	14.1		47.4
Interest and investment income, including realized gains and losses	0.0		0.0
Total revenues	14.1		47.4
Depreciation and amortization	4.5
Interest expense	(1.4)
(Loss) earnings from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	(2.9)
Income tax (benefit) expense	(0.7)
Loss from continuing operations before equity in losses of unconsolidated affiliates	(2.2)		(2.9)
Equity in earnings of unconsolidated affiliates	0.0		0.0
Loss from continuing operations	(2.2)		(2.9)
Assets	219.5		219.5
Goodwill	94.0		94.0
Operating Segments \| Ceridian
Segment Reporting Information [Line Items]
Revenues from external customers	179.6	163.5	546.1	488.4
Interest and investment income, including realized gains and losses	0.0	0.0	0.0	0.0
Total revenues	179.6	163.5	546.1	488.4
Depreciation and amortization	14.3	13.6	42.4	39.7
Interest expense	(8.8)	(21.9)	(74.4)	(65.3)
(Loss) earnings from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	6.5	(16.8)	(43.1)	(48.4)
Income tax (benefit) expense	(0.9)	0.9	5.8	3.8
Loss from continuing operations before equity in losses of unconsolidated affiliates	7.4	(17.7)	(48.9)	(52.2)
Equity in earnings of unconsolidated affiliates	0.0	0.0	0.0	0.0
Loss from continuing operations	7.4	(17.7)	(48.9)	(52.2)
Assets	5,962.8	6,195.7	5,962.8	6,195.7
Goodwill	1,949.8	1,964.5	1,949.8	1,964.5
Operating Segments \| Corporate and Other
Segment Reporting Information [Line Items]
Revenues from external customers	10.1	11.3	24.6	21.7
Interest and investment income, including realized gains and losses	15.3	1.4	83.3	8.8
Total revenues	25.4	12.7	107.9	30.5
Depreciation and amortization	0.4	0.7	0.9	2.0
Interest expense	5.1	(0.2)	10.9	(0.4)
(Loss) earnings from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	11.2	(2.7)	19.9	(34.3)
Income tax (benefit) expense	(0.4)	(2.6)	(1.0)	(27.0)
Loss from continuing operations before equity in losses of unconsolidated affiliates	11.6	(0.1)	20.9	(7.3)
Equity in earnings of unconsolidated affiliates	2.6	0.2	3.4	1.3
Loss from continuing operations	14.2	0.1	24.3	(6.0)
Assets	690.4	879.6	690.4	879.6
Goodwill	0.1	0.0	0.1	0.0
Ceridian Elimination
Segment Reporting Information [Line Items]
Revenues from external customers	(179.6)	(163.5)	(546.1)	(488.4)
Interest and investment income, including realized gains and losses	0.0	0.0	0.0	0.0
Total revenues	(179.6)	(163.5)	(546.1)	(488.4)
Depreciation and amortization	(14.3)	(13.6)	(42.4)	(39.7)
Interest expense	8.8	21.9	74.4	65.3
(Loss) earnings from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	(6.5)	16.8	43.1	48.4
Income tax (benefit) expense	0.9	(0.9)	(5.8)	(3.8)
Loss from continuing operations before equity in losses of unconsolidated affiliates	(7.4)	17.7	48.9	52.2
Equity in earnings of unconsolidated affiliates	1.2	(6.3)	(20.4)	(17.7)
Loss from continuing operations	(6.2)	11.4	28.5	34.5
Assets	(5,962.8)	(6,195.7)	(5,962.8)	(6,195.7)
Goodwill	(1,949.8)	(1,964.5)	(1,949.8)	(1,964.5)
Restaurant revenue
Segment Reporting Information [Line Items]
Revenues from external customers	269.3	270.0	819.3	830.4
Restaurant revenue \| Restaurant Group
Segment Reporting Information [Line Items]
Revenues from external customers	247.6	252.5	765.1	777.0
Restaurant revenue \| Operating Segments \| Restaurant Group
Segment Reporting Information [Line Items]
Revenues from external customers	269.3	270.0	819.3	830.4
Restaurant revenue \| Operating Segments \| T-System
Segment Reporting Information [Line Items]
Revenues from external customers	0.0		0.0
Restaurant revenue \| Operating Segments \| Ceridian
Segment Reporting Information [Line Items]
Revenues from external customers	0.0	0.0	0.0	0.0
Restaurant revenue \| Operating Segments \| Corporate and Other
Segment Reporting Information [Line Items]
Revenues from external customers	0.0	0.0	0.0	0.0
Restaurant revenue \| Ceridian Elimination
Segment Reporting Information [Line Items]
Revenues from external customers	0.0	0.0	0.0	0.0
Other operating revenue
Segment Reporting Information [Line Items]
Revenues from external customers	24.2	11.3	72.0	21.7
Other operating revenue \| Operating Segments \| Restaurant Group
Segment Reporting Information [Line Items]
Revenues from external customers	0.0	0.0	0.0	0.0
Other operating revenue \| Operating Segments \| T-System
Segment Reporting Information [Line Items]
Revenues from external customers	14.1		47.4
Other operating revenue \| Operating Segments \| Ceridian
Segment Reporting Information [Line Items]
Revenues from external customers	179.6	163.5	546.1	488.4
Other operating revenue \| Operating Segments \| Corporate and Other
Segment Reporting Information [Line Items]
Revenues from external customers	10.1	11.3	24.6	21.7
Other operating revenue \| Ceridian Elimination
Segment Reporting Information [Line Items]
Revenues from external customers	$ (179.6)	$ (163.5)	$ (546.1)	$ (488.4)

Segment Information - Narrative (Details)	9 Months Ended
Segment Information - Narrative (Details)	Sep. 30, 2018 segment customer sites	Oct. 16, 2017
Ceridian HCM Holding, Inc.
Segment Reporting Information [Line Items]
Ownership interest, equity method investment (as a percent)	26.90%
T-System
Segment Reporting Information [Line Items]
Number of businesses \| segment	2
T-System \| T-System Coding Software & Outsourced Solutions
Segment Reporting Information [Line Items]
Number of customers (more than)	75
Number of sites \| sites	400
T-System \| Software Solutions \| T-System Clinical Documentation
Segment Reporting Information [Line Items]
Number of customers (more than)	450
T-System \| T-Sheet \| T-System Clinical Documentation
Segment Reporting Information [Line Items]
Number of customers (more than)	475
ABRH
Segment Reporting Information [Line Items]
Ownership interest, controlling interest (as percent)	55.00%
T-System
Segment Reporting Information [Line Items]
Ownership interest, controlling interest (as percent)		97.00%

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash paid during the period:
Interest	$ 0.4	$ 6.8
Income taxes	0.2	114.4
Non-cash investing activities:
Acquisition of Ceridian HCM common shares through non-cash private placement investment - see Note A	(33.4)	0.0
Non-cash distribution of LifeWorks from Ceridian - see Note A	32.5	0.0
Receivable from sale of LifeWorks	56.2	0.0
Liabilities and noncontrolling interests assumed in connection with acquisitions:
Fair value of net assets acquired	0.0	25.9
Less: Total cash purchase price	0.0	21.1
Liabilities and noncontrolling interests assumed	0.0	4.8
Debt extinguished through the sale of OneDigital	$ 0.0	$ 151.1

Discontinued Operations - Narrative (Details) - USD ($) $ in Millions		6 Months Ended	9 Months Ended
	Jun. 06, 2017	Jun. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Borrowings			$ 0.1	$ 74.8
Debt service payments			$ 124.1	32.5
OneDigital \| Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership interest after sale (as a percent)	0.00%
Other acquisitions/disposals of businesses, net of cash acquired				25.9
Borrowings				$ 23.0
Debt service payments		$ 3.0

Discontinued Operations - Reconciliation of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Other income (expense):
Earnings from discontinued operations	$ 0.0	$ 0.0	$ 0.0	$ 147.7
OneDigital \| Disposed of by Sale
Revenues:
Other operating revenue				80.9
Total operating revenues				80.9
Operating expenses:
Personnel costs				56.9
Depreciation and amortization				8.8
Other operating expenses				11.3
Total operating expenses				77.0
Operating income				3.9
Other income (expense):
Interest expense				(2.9)
Realized gain				276.0
Total other income				273.1
Earnings from discontinued operations before income taxes				277.0
Income tax expense				129.3
Earnings from discontinued operations				147.7
Cash flow from discontinued operations data:
Net cash provided by operations				17.3
Net cash used in investing activities				$ (27.3)

Revenue Recognition (Details) - Accounting Standards Update 2014-09 - Difference between Revenue Guidance in Effect before and after Topic 606 $ in Millions	Dec. 31, 2017 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment for cumulative effect of adoption of ASC Topic 606	$ 4.3
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment for cumulative effect of adoption of ASC Topic 606	$ 4.3

Revenue Recognition - Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 293.5	$ 281.3	$ 891.3	$ 852.1
Restaurant sales
Disaggregation of Revenue [Line Items]
Total operating revenues	269.3	270.0	819.3	830.4
Restaurant Group
Disaggregation of Revenue [Line Items]
Total operating revenues	269.3	270.0	819.3	830.4
Restaurant Group \| Restaurant sales
Disaggregation of Revenue [Line Items]
Total operating revenues	247.6	252.5	765.1	777.0
Restaurant Group \| Bakery sales
Disaggregation of Revenue [Line Items]
Total operating revenues	20.2	16.1	49.7	49.1
Restaurant Group \| Franchise and other
Disaggregation of Revenue [Line Items]
Total operating revenues	1.5	1.4	4.5	4.3
T-System \| T-System, point-in-time
Disaggregation of Revenue [Line Items]
Total operating revenues	6.2	0.0	21.9	0.0
T-System \| T-System, over time
Disaggregation of Revenue [Line Items]
Total operating revenues	7.8	0.0	25.4	0.0
Corporate and Other \| Real estate and resort
Disaggregation of Revenue [Line Items]
Total operating revenues	10.2	11.0	18.5	19.9
Corporate and Other \| Other
Disaggregation of Revenue [Line Items]
Total operating revenues	0.0	0.3	6.2	1.8
Total Other Operating Revenue
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 24.2	$ 11.3	$ 72.0	$ 21.7

Revenue Recognition - Contract Balances, Information About Receivables and Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Trade receivables	$ 34.2	$ 35.8
Deferred revenue (contract liabilities)	22.3	$ 35.2
Revenue recognized that was included in deferred revenue	$ 9.1

Revenue Recognition -Transaction Price Allocated to Remaining Performance Obligations (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue to be recognized in future period	$ 24.1
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue contract period	1 year
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue contract period	5 years

Revenue Recognition - Remaining Performance Obligation Timing (Details)	Sep. 30, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation (as percent)	48.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation (as percent)	28.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction	1 year