Equifax (EFX) 10-K risk factor changes: FY2021 vs FY2020

[added: Because our products and services involve the storage and transmission of personal information of consumers, we are routinely the] target of attempted cyber and other security threats by outside third parties, including technically sophisticated and well-resourced bad actors attempting to access or steal the data we store.

Despite our substantial investment in physical and technological security measures, employee training and contractual precautions, our information technology networks and infrastructure (or those of our third-party vendors and other service providers) are potentially vulnerable to unauthorized access to [removed: data] [added: data, loss of access to systems] or breaches of confidential information due to criminal conduct, attacks by hackers, employee or insider malfeasance and/or human error.

If we experience additional [added: significant] breaches of our security measures, including from incidents that we fail to detect for a period of time, sensitive data may be accessed, stolen, disclosed or lost.

We cannot ensure that our insurance policies in the future will be adequate to cover losses from any [removed: future] security breaches.

Security breaches and [added: attacks, and] the adverse publicity that may [removed: follow could also] [added: follow, can] have a negative impact on our reputation and our relationship with our customers.

For example, our reputation with consumers and other stakeholders and our customer relationships were damaged following the 2017 cybersecurity incident, resulting in a negative impact on our [removed: revenue.][added: revenue for a period of time.]

Our business has been and [removed: will] [added: may] continue to be negatively impacted by the [removed: recent] COVID-19 [removed: outbreak.][added: pandemic.]

We face various risks related to health epidemics, pandemics and similar outbreaks, including the [removed: global outbreak of] COVID-19 [removed: in 2020.][added: pandemic.]

The COVID-19 pandemic and the mitigation efforts by governments to attempt to control its spread have adversely impacted the global economy, leading to reduced consumer spending and lending [removed: activities and disruptions and volatility in the global capital markets.][added: activities.]

The extent to which the [removed: coronavirus] [added: COVID-19 pandemic] will continue to negatively impact our operations will depend on future developments which are highly uncertain and cannot be predicted with confidence, including the duration of the [removed: outbreak,] [added: pandemic, the emergence of] new [added: virus variants, new] information which may emerge concerning the severity of the COVID-19 pandemic, outbreaks occurring at any of our facilities, the actions taken to control the spread of COVID-19 or treat its impact, and changes in worldwide and U.S. economic conditions.

We expect our technology transformation strategy, including our transition to cloud-based technologies, will significantly increase our [removed: efficiency] [added: efficiency, our productivity] and [removed: productivity,] the [added: stability and] functionality of our products and services, as well as decrease the cost of our overall systems infrastructure, all of which we expect will drive growth and have a positive effect on our business, competitive position and results of operations.

If [added: the transition causes errors or adversely impacts system processes,] our new systems do not operate as expected, or the data we transition to the cloud changes in a material way, we may have to incur significant additional costs to make modifications and could lose customers [added: and we may suffer reputational harm] as a result.

Moreover, we may experience issues with customer migration, as many of our customers may not migrate to cloud-based technologies on a timely basis or at all or may choose not to utilize our products and services during and after our transition to cloud-based [removed: technologies.][added: technologies, which could negatively impact our revenue.]

We cannot assure you that our technology transformation strategy will be beneficial to the extent, or within the [removed: timeframes,] [added: timeframes] expected, or that the estimated efficiency, cost savings and other improvements will be realized as anticipated or at all.

We rely extensively upon data from external sources to maintain our proprietary and non-proprietary databases, including data received from customers, [added: licensors, furnishers,] strategic partners and various government and public record sources.

This data includes the widespread and voluntary contribution of credit data from most lenders in the [removed: U.S] [added: U.S.] and many other markets as well as the contribution of data under proprietary contractual agreements, such as employers’ contribution of employment and income data to The Work Number® and telecommunications, cable and utility companies’ contribution of payment and fraud data to the National Cable, Telecommunications and Utility Exchange.

For a variety of reasons, including concerns of data furnishers arising out of [removed: the 2017 cybersecurity incident,] legislatively or judicially imposed restrictions on use, [removed: additional] security breaches or competitive reasons, our data sources could withdraw, delay receipt of or increase the cost of their data provided to us.

[added: If a substantial number of data sources or certain key data sources were to withdraw or be unable to provide their data, if we were to lose access to data] due to government regulation, if we lose exclusive right to the use of data, or if the collection, disclosure or use of data becomes uneconomical, our ability to provide products and services to our [removed: clients] [added: customers] could be adversely affected, which could result in decreased revenue, net income and earnings per share and reputational loss.

Negative changes in general economic conditions, including interest rates, [added: the level of inflation,] unemployment rates, income, home prices, investment values and consumer confidence, could adversely affect us.

Our customers, and therefore our business and revenues, are sensitive to negative changes in general economic conditions, including the demand and availability of affordable credit and capital, the level and volatility of interest rates, [added: the level of] inflation, employment levels, consumer confidence and housing demand, both inside and outside the United States.

Demand for our services tends to be correlated to general levels of economic activity and to consumer credit activity, which can be impacted by changes in interest [removed: rates.][added: rates and the level of inflation.]

Our customer base suffers when financial markets experience volatility, illiquidity and [removed: disruption] [added: disruption,] and the potential for increased and continuing disruptions going forward presents considerable risks to our business and revenue.

If we do not introduce successful new products, services and analytical capabilities in a timely manner, or if the market does not adopt our new services, [added: or if new technologies are introduced by competitors that are more effective or at lower costs than ours,] our competitiveness and operating results will suffer.

We generally sell our products in industries that are characterized by rapid technological changes, [added: including the introduction of new innovative technologies,] frequent new product and service introductions and changing industry standards.

Without the timely introduction of new [added: technologies,] products, services and enhancements, our products and services will become technologically or commercially obsolete over time, in which case our revenue and operating results would suffer.

In addition, governmental agencies in particular have increased the amount of information to which they provide free public access and these or other sources of free or relatively inexpensive consumer information from competitors or other commercial sources may reduce demand for our [removed: services, particularly in our USIS and Global Consumer Solutions business units.][added: services.]

The acquisition, integration or divestiture of businesses by us may not produce the expected [removed: financial,] [added: financial or] operating results or IT and data security profile we expect.

We may also have difficulty integrating and operating businesses in [removed: countries and] geographies [added: and markets or market segments] where we do not currently have a significant presence, and acquisitions of businesses having a significant presence outside of the U.S. will increase our exposure to risks of conducting operations in international markets.

[added: These difficulties could disrupt our ongoing business,] distract our management and workforce, increase our expenses and adversely affect our operating results and financial condition.

In addition, our focus on data security and our technology transformation strategy, including our migration to cloud-based [removed: technologies] [added: technologies,] may limit our ability to identify and complete acquisitions as [removed: we will have less time and resources to devote to identifying suitable acquisition candidates and] our [added: stringent] technological criteria and standards for acquisition candidates may [added: continue to] increase.

We derive a portion of our revenue from direct and indirect sales to [removed: U.S.,] [added: U.S. federal,] state and local governments and their respective agencies.

If our government contracts are terminated, if we are suspended from government work, if the services we provide are no longer needed due to government program change or termination, or if our ability to compete for new contracts is adversely affected, [added: including by] our [added: failure to achieve certain government certifications, our] business could suffer.

As part of our technology transformation strategy, we are transitioning and migrating our data systems from [removed: traditional] [added: traditional, on premises] data centers to cloud-based platforms.

This initiative places significant strain on our management, personnel, operations, systems, technical [removed: performance and] [added: performance,] financial [removed: resources and] [added: resources,] internal financial [removed: control] [added: controls] and reporting function.

In addition, many of our existing personnel [removed: do not] have [added: limited] experience with native cloud-based [removed: technologies and, as a result, we have and will continue to hire personnel with such experience.][added: technologies.]

This transition will [added: continue to] require substantial changes to our software and network infrastructure, which could lead to system interruptions, affect our data systems and further expose us to [added: operational disruptions, and cause us to lose customers, all of which could have a material adverse effect on our results of operations.]

We may not have sufficient disaster recovery or redundant operations in place to cover a loss or failure of systems or telecommunications links in a timely [removed: manner.][added: manner, which may be exacerbated by any delays in obtaining equipment due to supply chain or other impacts.]

Many of our customers may not migrate to cloud-based technologies on a timely basis or at all, or may choose not to utilize our products and services during and after our transition to cloud-based [removed: technologies.]

If our customers’ timelines prevent them from migrating to cloud-based technologies quickly enough, they will remain on our legacy infrastructure, which could expose them to system [removed: availability and] [added: availability,] response time [added: and] performance issues.

[removed: Additionally, increased] [added: Increased] retention risk exists in certain key areas of our operations, such as IT and data security, which require specialized skills, such as migrating legacy computer systems to the cloud, data security expertise and analytical modeling.

Additionally, we could experience service disruptions or a loss of access to critical data or systems due to ransomware or other destructive attacks.

In 2022, we expect U.S. mortgage market inquiries to decline by more than 20 percent compared to 2021.

Any change in the U.S. mortgage market due to a significant change in mortgage inquiries could have a corresponding negative impact on revenue and operating profit for our business, primarily within the Workforce Solutions and USIS operating segments.

To the extent inflation results in rising interest rates and has other adverse effects upon the securities markets and upon the value of financial instruments, it may adversely affect our financial position and profitability.

We also derive a portion of our revenue from sales to foreign governments and related agencies.

technologies.

Additionally, the worker shortage that emerged following the outbreak of COVID-19 has presented increased challenges to our ability to develop, retain and attract qualified personnel.

Those appeals have all been resolved.

On January 11, 2022, the Consumer Settlement became effective which triggered our obligation to deposit approximately $345 million into the consumer settlement fund.

In addition, we may be required to deposit additional amounts in the consumer settlement fund under certain circumstances if the fund is insufficient to cover claims and certain expenses.

While we do not believe that we will be required to deposit additional amounts into the consumer settlement fund based on our claims experience to date, we could be obligated to fund up to an additional $125 million if our claims experience changes and the consumer fund is exhausted.

Because our products and services involve the storage and transmission of personal information of consumers, we will routinely be the

For example, our $125.0 million cybersecurity insurance policy was not adequate to cover the losses we have incurred to date from the 2017 cybersecurity incident.

If a substantial number of data sources or certain key data sources were to withdraw or be unable to provide their data, if we were to lose access to data

In addition, our management is and will continue to be intensely focused on enhancing our security measures and our technology transformation and may not be able to devote as much time or resources to new product development, which could cause us to be less competitive as compared to our peers, lose out on new revenue opportunities and have an adverse effect on our growth and our business.

These difficulties could disrupt our ongoing business,

Also, the government programs to which we provide services, or which are the bases of compliance services we provide non-governmental clients, including, in particular, the employer requirements under the Affordable Care Act, may be terminated or substantially altered by the government and our services would no longer be needed.

operational disruptions, and cause us to lose customers, all of which could have a material adverse effect on our results of operations.

The U.K.’s departure from the EU could adversely affect us.

We are subject to risks and uncertainties associated with the U.K.’s withdrawal from the EU (referred to as “Brexit”), including implications for the free flow of labor and goods in the U.K. and the EU and other financial, legal, tax and trade implications.

Brexit could cause disruptions to and create uncertainty surrounding our business in the U.K., including affecting

our relationships with our existing and future customers, suppliers and employees, which could have an adverse effect on our business, financial results and operations.

Until the appeals are finally adjudicated or dismissed and the settlement becomes final in accordance with its terms, we can provide no assurance that the U.S. Consumer MDL Litigation will be resolved as contemplated by the settlement agreement.

If the Court’s order approving the settlement agreement was overturned by an appellate court and not cured in accordance with the terms of the consent orders with the FTC and CFPB, the consent orders with the FTC, CFPB and MSAG Group would remain in place and the Consumer Restitution Fund (as defined below) would be administered by the FTC.

In that event, there is a risk that we would not be able to settle the U.S. Consumer MDL Litigation on acceptable terms or at all, which could have a material adverse effect on our financial condition.

In addition, other lawsuits and investigations related to the 2017 cybersecurity incident are still outstanding and additional lawsuits or investigations may be filed, commenced or issued.

The resolution of these additional matters may result in damages, costs, fines or penalties, which, depending on the amount, could be material to the Company’s consolidated financial condition, results of operations, or cash flows in future periods.

Any future losses we incur as a result of the incident will not be covered by insurance.

We also use algorithms, artificial intelligence and machine learning in our business processes.

several U.S. states have introduced varying comprehensive privacy laws modeled to some degree on the CCPA and/or the GDPR.

In 2018, we entered into a consent order with certain state banking regulators in response to their multi-state review of our information security program.

This consent order obligates us to, among other things, make certain changes to our corporate governance and information security practices.

If we are unable or otherwise fail to comply with this consent order, our ability to do business with financial institutions in those states could be impaired.

It is possible that the consent order or other actions resulting from examinations by federal or state banking regulators could lead to adverse changes in our customer relationships.

our business operations, and we may not prevail.

All references to earnings per share data in [removed: Management’s Discussion and Analysis, or MD&A,] [added: MD&A] are to diluted earnings per share, or EPS, unless otherwise noted.

We provide information solutions [added: for businesses, governments] and [added: consumers, and we provide] human resources business process [added: automation and] outsourcing services for [removed: businesses, governments and consumers.][added: employers.]

We have a large and diversified group of clients, including financial institutions, corporations, [removed: governments] [added: government agencies] and individuals.

Our services are based on comprehensive databases of consumer and business information derived from numerous sources including credit, financial assets, telecommunications and utility payments, employment, income, [added: educational history, criminal history, healthcare professional licensure and sanctions,] demographic and marketing data.

We use advanced statistical techniques, machine learning and proprietary software tools to analyze available data to create customized insights, decision-making [added: and process automation] solutions and processing services for our clients.

[removed: We] [added: Additionally, we] also provide information, technology and services to support debt collections and recovery management.

[removed: Additionally, we] [added: We] are a leading provider of [added: information and solutions used in] payroll-related and human resource management business process [removed: outsourcing] services in the [removed: United States of America, or] U.S. For consumers, we provide products and services to help people understand, manage and protect their personal information and make more informed financial decisions.

We also offer [removed: Equifax branded] [added: Equifax-branded] credit services in Russia through a joint venture, have investments in consumer and/or commercial credit information companies through joint ventures in Cambodia, [removed: Malaysia, Singapore] [added: Malaysia] and [removed: the United Arab Emirates] [added: Singapore] and have an investment in a consumer and commercial credit information company in Brazil.

As further described above, we operate in the [removed: United States,] [added: U.S.,] which represented 78% of our revenue in [removed: 2020,] [added: 2021,] and internationally in [removed: 24] [added: 23] countries.

[removed: On] [added: In] March [removed: 11,] 2020, the World Health Organization designated the novel coronavirus disease (“COVID-19”) as a global pandemic.

The impact of COVID-19 and related actions to attempt to control its spread began to impact our consolidated operating results in [removed: March] [added: the first quarter of] 2020.

The impact on the operating results in each country in which we operate differed based on the conditions and the [removed: vertical markets we serve in that country.]

[removed: In the United States, consolidated] [added: During 2020, overall] revenue grew [removed: in each calendar quarter of 2020, compared to 2019,] reflecting [removed: very] strong [added: U.S.] mortgage market [removed: related revenue] [added: demand] in [removed: both USIS and Workforce Solutions, and,] [added: 2020 compared] to [removed: a lesser degree, higher revenue] [added: 2019 and] growth [removed: in] [added: across] our Workforce Solutions [removed: unemployment claims management] business.

[removed: As part of our business continuity plans,] [added: During 2020 and 2021,] we [removed: are generally following the] [added: followed applicable] requirements and protocols published by the U.S. Centers for Disease [removed: Control and] [added: Control,] the World Health Organization, and [added: federal,] state and local governments.

To date, the change to our working environment has not caused material disruptions in the execution of [removed: these plans.][added: our strategic plans and has not impacted our internal controls, financial reporting systems or operations.]

[removed: Recovery] [added: The impact] of [removed: the global economy from the] COVID-19 [removed: induced recession] [added: pandemic] remains uncertain and may [removed: require several years to return to economic levels experienced prior to the pandemic and may] affect certain markets or regions we serve differently.

In light of the evolving health, social, economic and business environment, governmental regulations or mandates, and business disruptions that could occur, the potential impact that COVID-19 could have on our financial condition and operating results remains [removed: highly uncertain.][added: unclear.]

Risk Factors—*Our business has been and [removed: will] [added: may] continue to be negatively impacted by the [removed: recent] COVID-19 [removed: outbreak,*”] [added: pandemic,*”] in this Form 10-K.

[removed: Segments.] The USIS segment consists of three service lines: Online Information Solutions, Mortgage Solutions, and Financial Marketing Services.

Online Information Solutions and Mortgage Solutions revenue is principally transaction-based and is derived from our sales of products such as consumer and commercial credit reporting and scoring, identity management, fraud [removed: detection and] [added: detection,] modeling [added: services and consumer credit monitoring] services.

[added: Segments.] The Workforce Solutions segment consists of the Verification Services and Employer Services business lines.

Geographic Information. We currently have operations in the following countries: Argentina, Australia, Canada, Chile, Costa Rica, Ecuador, El Salvador, Honduras, India, Mexico, New Zealand, Paraguay, Peru, Portugal, the Republic of Ireland, Spain, the U.K., Uruguay and the U.S. We also offer [removed: Equifax branded] [added: Equifax-branded] credit services in Russia through a joint venture, have investments in consumer and/or commercial credit information companies through joint ventures in Cambodia, [removed: Malaysia, Singapore] [added: Malaysia] and [removed: the United Arab Emirates] [added: Singapore] and have an investment in a consumer and commercial credit information company in Brazil.

[removed: Approximately] 78% and [removed: 73%] [added: 77% of] our revenue was generated in the U.S. during the twelve months ended December 31, [removed: 2020] [added: 2021] and [removed: 2019,] [added: 2020,] respectively.

Key performance indicators for the twelve months ended December 31, [removed: 2020, 2019 and 2018, which reflect the change in accounting principle related to the change in accounting method for our pension] [added: 2021, 2020] and [removed: other benefits plans (see Note 1),] [added: 2019] include the following:

| | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2019] [added: 2020] | | | | | | [removed: 2018] [added: 2019] | | |

| Operating revenue | | | $ | [removed: 4,127.5] [added: 4,923.9] | | | | | $ | [removed: 3,507.6] [added: 4,127.5] | | | | | $ | [removed: 3,412.1] [added: 3,507.6] | |

| Operating revenue change | | | [removed: 18] [added: 19] | | % | | | | [removed: 3] [added: 18] | | % | | | | [removed: 1] [added: 3] | | % |

| Operating income (loss) | | | $ | [removed: 676.6] [added: 1,138.0] | | | | | $ | [removed: (335.4)] [added: 676.6] | | | | | $ | [removed: 448.0] [added: (335.4)] | |

| Operating margin | | | [removed: 16.4] [added: 23.1] | | % | | | | [removed: (9.6)] [added: 16.4] | | % | | | | [removed: 13.1] [added: (9.6)] | | % |

| Net income (loss) attributable to Equifax | | | $ | [removed: 520.1] [added: 744.2] | | | | | $ | [removed: (384.1)] [added: 520.1] | | | | | $ | [removed: 310.5] [added: (384.1)] | |

| Diluted earnings per share | | | $ | [removed: 4.24] [added: 6.02] | | | | | $ | [removed: (3.15)] [added: 4.24] | | | | | $ | [removed: 2.56] [added: (3.15)] | |

| Cash provided by operating activities | | | $ | [removed: 946.2] [added: 1,334.8] | | | | | $ | [removed: 313.8] [added: 946.2] | | | | | $ | [removed: 672.2] [added: 313.8] | |

| Capital expenditures* | | | $ | [removed: (430.7)] [added: (490.5)] | | | | | $ | [removed: (375.9)] [added: (430.7)] | | | | | $ | [removed: (368.1)] [added: (375.9)] | |

TWELVE MONTHS ENDED DECEMBER 31, [removed: 2020, 2019] [added: 2021, 2020] AND [removed: 2018][added: 2019]

[removed: Refer to Note] [added: For additional information about our benefit plans, see Notes] 1 [added: and 9] of the Notes to Consolidated Financial Statements in Item 8 of this [removed: report for additional information.][added: report.]

| | | | | | | | | | | | | | | | | | | | | | | | | [removed: 2020] [added: 2021] vs. [removed: 2019] [added: 2020] | | | | | | | | | | | | [removed: 2019] [added: 2020] vs. [removed: 2018] [added: 2019] | | | | | | | | |

| Operating Revenue | | | | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2019] [added: 2020] | | | | | | [removed: 2018] [added: 2019] | | | | | | $ | | | | | | % | | | | | | $ | | | | | | % | | |

| Consolidated operating revenue | | | | | | $ | [removed: 4,127.5] [added: 4,923.9] | | | | | $ | [removed: 3,507.6] [added: 4,127.5] | | | | | $ | [removed: 3,412.1] [added: 3,507.6] | | | | | $ | [removed: 619.9] [added: 796.4] | | | | | [removed: 18] [added: 19] | | % | | | | $ | [removed: 95.5] [added: 619.9] | | | | | [removed: 3] [added: 18] | | % |

The growth was driven by our Workforce Solutions and USIS segments, primarily due to strong U.S. mortgage volume [added: benefiting both Workforce Solutions and USIS,] as well as [removed: growth] in [removed: our] Workforce Solutions [added: growth across non-mortgage related businesses including our] unemployment claims business.

This growth was partially offset by declines beginning in the second half of March 2020 across [added: the] International [removed: and Global Consumer Solutions segments] [added: segment] due to the economic impact of the COVID-19 pandemic.

The following Management’s Discussion and Analysis (“MD&A”) is intended to help the reader understand the results of operations and financial condition of Equifax Inc. MD&A is provided as a supplement to and should be read in conjunction with our consolidated financial statements and the accompanying Notes to Financial Statements in Item 8 of this Form 10-K.

This section discusses the results of our operations for the year ended December 31, 2021 compared to the year ended December 31, 2020 and the year ended December 31, 2020 compared to the year ended December 31, 2019.

All percentages have been calculated using unrounded amounts for each of the periods presented.

We have relied on our business continuity plans at various times, which has periodically resulted in a portion of our employee population working remotely, depending on their role.

Demand for our services tends to be correlated to general levels of economic activity and to consumer credit activity, small commercial credit and marketing activity and employee hiring and onboarding activity.

Demand is also enhanced by our initiatives to expand our products, capabilities and markets served.

vertical markets we serve in that country with the impact of the pandemic experienced most severely by our International business.

In 2021, as efforts to minimize the spread of COVID-19 have been more successful and access to vaccinations has increased, our consolidated revenue grew when compared to 2020, reflecting recovering country economies, growth from Equifax initiatives and, to a lesser extent, revenue from acquired companies.

A more thorough discussion of our business unit results are included under the heading “Segment Financial Results” in the Management’s Discussion and Analysis of Financial Condition and Results of Operation section of this Form 10-K.

For 2022, our planning assumes economies in which we operate to continue to show growth relative to 2021.

In the U.S., 2022 economic activity, as measured by GDP, is expected to grow but not at the same rate of growth experienced in 2021.

We expect modest growth in consumer credit, excluding mortgage, over the course of 2022.

Our plan assumes the U.S. mortgage market as measured by credit inquiries is expected to decline by greater than 20 percent in 2022 versus 2021.

The U.S. mortgage market, particularly the mortgage refinance portion of the U.S. mortgage market, can be significantly impacted by U.S. interest rates and therefore mortgage rates.

In the International markets in which we operate, we expect 2022 economic activity, as measured by GDP, to improve but less than the rates of growth experienced in 2021.

In the fourth quarter of 2021, we integrated our Global Consumer Solutions business into our USIS, Workforce Solutions and International operating segments.

U.S. consumer credit monitoring solutions businesses have been moved into the Online Information Solutions business of USIS with the U.S. consumer identity theft protection business moved to the Employer Services business of Workforce Solutions.

All international consumer credit monitoring solutions businesses in Canada and Europe have been moved into the respective country operations within the International operating segment.

These changes in operating segments align with how we manage our business as of the fourth quarter of 2021.

Segment financial results and related discussion and analysis have been restated retrospectively to reflect these changes.

Online Information Solutions also includes the U.S. consumer credit monitoring solutions business previously part of the Global Consumer Services segment.

Approximately

Seasonality. We experience seasonality in certain of our revenue streams.

Revenue generated by the online consumer information services component of our USIS operating segment is typically the lowest during the first quarter, when consumer lending activity is at a seasonal low.

Revenue generated from the Employer Services business unit within the Workforce Solutions operating segment is generally higher in the first quarter due primarily to the provision of Form W-2 and 1095-C services that occur in the first quarter each year.

Revenue generated from our financial wealth asset products and data management services in our Financial Marketing Services business is generally higher in the fourth quarter each year due to the significant portion of our annual renewals and deliveries which occur then.

Mortgage related revenue is generally higher in the second and third quarters of the year due to the increase in consumer home purchasing during the summer in the U.S. Any change in the U.S. mortgage market could have a corresponding impact on revenue and operating profit for our business, primarily within the Workforce Solutions and USIS operating segments.

| Workforce Solutions | | | | | | $ | 2,035.4 | | | | | $ | 1,461.7 | | | | | $ | 971.1 | | | | | $ | 573.7 | | | | | 39 | | % | | | | $ | 490.6 | | | | | 51 | | % |

| U.S. Information Solutions | | | | | | 1,786.7 | | | | | | 1,711.2 | | | | | | 1,531.2 | | | | | | 75.5 | | | | | | 4 | | % | | | | 180.0 | | | | | | 12 | | % |

| International | | | | | | 1,101.8 | | | | | | 954.6 | | | | | | 1,005.3 | | | | | | 147.2 | | | | | | 15 | | % | | | | (50.7) | | | | | | (5) | | % |

The growth was driven by increases in our Workforce Solutions segment, across mortgage and non-mortgage related revenue, growth in our International segment and growth in non-

mortgage related revenue in the USIS segment.

The increase is due to increased royalty costs, production costs, which include third party cloud usage fees, and people costs, partially offset by a decrease in incremental technology and data security costs related to our ongoing technology transformation.

The slight increase in 2021 is due to an increase in people costs, offset by a decrease in incremental technology and data security costs related to our ongoing technology transformation.

Total company operating margin increased by 6.7 percentage points in 2021 versus 2020.

The margin increase is due to higher operating income generated by the increased revenue and decreased incremental technology and data security costs, partially offset by the increased people costs and aforementioned increase in depreciation and amortization expense.

Interest expense increased in 2021, when compared to 2020, due to a higher weighted average outstanding amount of debt in 2021 when compared to 2020, offset by a slightly lower cost of debt.

The decrease in other income, net in 2021 is driven by the changes in our fair value adjustments of our investments and mark-to-market adjustments for our pension assets.

We recorded a $64.0 million loss on the fair value adjustment of our Brazil investment in 2021, compared to a $149.5 million gain on the fair value adjustment of our Brazil and India investments in 2020.

For 2021 and 2020, we recorded a $20.2 million and $32.2 million loss, respectively, on the mark-to-market adjustment of our pension plan assets.

However, in the U.S., we experienced year-over-year revenue declines in most other vertical markets including commercial, financial services and telecommunications.

Internationally, all countries in which we operate experienced revenue declines, across most vertical markets.

The year-over-year reductions in countries and vertical markets referenced were most pronounced in the second quarter and improved during the third and fourth quarters.

Although some countries continue to show year-over-year declines, performance in the fourth quarter of 2020 has improved from the levels seen in the third quarter and several vertical markets and countries have reported year over year growth as market conditions improve.

We are unable to determine the severity or duration of the impact of the COVID-19 pandemic on Equifax or how the impact on the individual markets in the countries we serve will change with time.

Although consolidated revenue has grown during 2020 when compared to 2019, due to the uncertain effects on the global economy caused by the impact of COVID-19, the impact on our future results of operations related to the COVID-19 pandemic are unclear.

We expect that the global COVID-19 pandemic will continue to impact our business and results of operations.

While the COVID-19 pandemic affects the countries in which we operate, our critical priorities are:

(i)the health and safety of our employees and their families;

(ii)providing support to consumers;

(iii)helping our customers execute their changing business plans by providing innovative solutions combining our unique data assets and leading analytical and technology capabilities; and

(iv)executing on our cloud technology, data and security transformation per our previously stated plans.

In the first quarter of 2020, we executed on our business continuity plans and formed a crisis management team to address the challenges related to the ongoing COVID-19 pandemic.

In March and April 2020, our employees worked from home in each country where we operate, with only essential employees in customer support and data center operations working on site at our facilities.

Beginning in May, in jurisdictions where local restrictions implemented to prevent the further spread of the virus were lifted, our employees began to return to their assigned offices, with limits placed on the number of employees on site at one time.

For employees working at our offices and facilities, we have instituted social distancing protocols, increased the level of cleaning and sanitizing in those facilities and undertaken other actions to make these sites safer.

We have also substantially reduced employee travel to only essential business needs.

If public health authorities dictate further measures to limit further spread of the virus, we may need to reinstate our business continuity plans in certain countries or regions in which we operate.

As of the date of this filing, we do not believe our work from home and return to office protocol have materially adversely impacted our internal controls, financial reporting systems or our operations.

Our data and analytics, product and sales teams are focused on how to refine existing products and services, as well as generate new products and services, to meet the changing needs of our customers in this environment.

Our technology teams continue to execute on our cloud technology, data and security transformation, including the continued migration of our technology to cloud native environments.

As a response to the ongoing COVID-19 pandemic, we have implemented plans to manage our costs.

We have significantly limited the addition of new employees and third party contracted services, eliminated all travel except where necessary to meet customer or regulatory needs, and acted to limit discretionary spending.

Any future asset impairment charges, increase in allowance for doubtful accounts, or restructuring charges could be more likely and will be dependent on the severity and duration of this crisis.

At December 31, 2020, we had approximately $1.7 billion in cash and $1.1 billion available to borrow under our revolving credit facility that matures in September 2023.

In the second quarter of 2020, we amended our revolving credit facility to increase the maximum leverage ratio through 2021 to provide us with additional financial flexibility.

2017 Cybersecurity Incident

In 2017, we experienced a cybersecurity incident following a criminal attack on our systems that involved the theft of certain personally identifiable information of U.S., Canadian and U.K. consumers.

Criminals exploited a software vulnerability in a U.S. website application to gain unauthorized access to our network.

In March 2017, the U.S. Department of Homeland Security distributed a notice concerning the software vulnerability.

We undertook efforts to identify and remediate vulnerable systems; however, the vulnerability in the website application that was exploited was not identified by our security processes.

We discovered unusual network activity in late-July 2017 and upon discovery promptly investigated the activity.

Once the activity was identified as potential unauthorized access, we acted to stop the intrusion and engaged a leading, independent cybersecurity firm to conduct a forensic investigation to determine the scope of the unauthorized access, including the specific information impacted.

Based on our forensic investigation, the unauthorized access occurred from mid-May 2017 through July 2017.

No evidence was found that the Company’s core consumer, employment and income, or commercial reporting databases were accessed.

On February 10, 2020, the U.S. Department of Justice announced that four members of the Chinese People’s Liberation Army were indicted on criminal charges for their involvement in the 2017 cybersecurity incident.

Product Liability. As a result of the 2017 cybersecurity incident, we offered TrustedID® Premier, a credit file monitoring and identity theft protection product, for free to all eligible U.S. consumers who signed up through January 31, 2018.

In late 2018, the Company extended the free credit monitoring services for an additional twelve months for eligible consumers impacted by the 2017 cybersecurity incident by providing them the opportunity to enroll in Experian® IDNotify™ at no cost.

We also provided free credit reports and scores, credit monitoring and identity theft protection for twenty four months to impacted consumers in Canada and the U.K. We have recorded the expenses necessary to provide this service to those who signed up.

The remaining product liability balance at December 31, 2020 and 2019 was not material to the Consolidated Financial Statements.

For the year ended December 31, 2020, a 10% weaker U.S. dollar against the currencies of all foreign countries in which we had operations during 2020 would have increased our revenue by [removed: $50.7] [added: $92.9] million and our pre-tax operating profit by [removed: $6.2] [added: $8.6] million.

For the year ended December 31, [removed: 2019,] [added: 2021,] a 10% weaker U.S. dollar against the currencies of all foreign countries in which we had operations during [removed: 2019] [added: 2021] would have increased our revenue by [removed: $54.8] [added: $107.4] million and our pre-tax operating profit by [removed: $10.2] [added: $13.6] million.

A 10% stronger U.S. dollar would have resulted in similar decreases to our revenue and pre-tax operating profit for [removed: 2020] [added: 2021] and [removed: 2019.][added: 2020.]

On average across our mix of international businesses, foreign currencies at December 31, [removed: 2020] [added: 2021] were weaker against the U.S. dollar than the average foreign exchange rates that prevailed across the full year [removed: 2019.][added: 2020.]

As a result, if foreign exchange rates were unchanged throughout [removed: 2020,] [added: 2021,] foreign exchange translation would reduce growth as reported in U.S. dollars.

As foreign exchange rates change daily, there can be no assurance that foreign exchange rates will remain constant throughout [removed: 2021,] [added: 2022,] and rates could go either higher or lower.

Our exposure to market risk for changes in interest rates relates to our variable-rate [removed: commercial paper, Revolver,] [added: CP, the Revolver] and [removed: Floating Rate Notes] [added: term loan] borrowings.

We attempt to achieve the lowest all-in weighted-average cost of debt while simultaneously taking into account the mix of our fixed- and [removed: floating-rate debt,] [added: variable-rate debt] and the average life and scheduled maturities of our debt.

At December 31, [removed: 2020,] [added: 2021,] our weighted average cost of debt was [removed: 3.5%] [added: 3.2%] and weighted-average life of debt was [removed: 4.5] [added: 5.4] years.

At December 31, [removed: 2020, 93%] [added: 2021, 81%] of our debt was fixed rate and the remaining [removed: 7%] [added: 19%] was variable rate.

A 100 basis point increase in the weighted-average interest rate on our variable-rate debt would have increased our [removed: 2020] [added: 2021] interest expense by [removed: $3.0] [added: $10.2] million.

We provide information solutions for businesses, governments and consumers, and we provide human resources business process [added: automation and] outsourcing services for employers.

Our services are based on comprehensive databases of consumer and business information derived from numerous sources including credit, financial assets, telecommunications and utility payments, employment, income, [added: educational history, criminal history, healthcare professional licensure and sanctions,] demographic and marketing data.

We use advanced statistical techniques, machine learning and proprietary software tools to analyze available data to create customized insights, decision-making [added: and process automation] solutions and processing services for our clients.

[removed: We] [added: Additionally, we] also provide information, technology and services to support debt collections and recovery management.

[removed: Additionally, we] [added: We] are a leading provider of [added: information and solutions used in] payroll-related and human resource management business process [removed: outsourcing] services in the United States of America (“U.S.”).

We also offer [removed: Equifax branded] [added: Equifax-branded] credit services in Russia through a joint venture, have investments in consumer and/or commercial credit information companies through joint ventures in Cambodia, [removed: Malaysia, Singapore] [added: Malaysia] and [removed: the United Arab Emirates] [added: Singapore] and have an investment in a consumer and commercial credit information company in Brazil.

We are organized and report our business results in [removed: four] [added: three] operating segments, as follows:

- U.S. Information Solutions (“USIS”) *—* provides consumer and commercial information solutions to businesses in the U.S. including online information, decisioning technology solutions, [removed: fraud and] identity management services, analytical services, [added: fraud management services,] portfolio management services, mortgage reporting and marketing services.

- [removed: Workforce] [added: Workforce] Solutions *—* provides services enabling customers to verify [removed: income] [added: income, employment, educational history, criminal history, healthcare professional licensure] and [removed: employment] [added: sanctions] (Verification Services) of people in the U.S., as well as providing our employer customers with services that assist them in complying with and automating certain payroll-related and human resource management processes throughout the entire cycle of the employment relationship, including unemployment cost management, employee [added: screening, employee] onboarding, tax credits and incentives, I-9 management and compliance, tax form management services and Affordable Care Act management services (Employer Services).

[added: In the last four years,] Workforce Solutions [removed: recently] [added: has] established operations in [removed: Canada] [added: Canada, Australia] and [removed: Australia.][added: more recently in the U.K.]

- [removed: International] [added: International] *—* provides products and services similar to those available in the USIS operating segment but with variations by geographic region.

This operating segment is comprised of our [removed: Canada,] [added: Asia Pacific,] Europe, Latin America and [removed: Asia Pacific] [added: Canada] business units.

[removed: - Global Consumer Solutions *—* provides] [added: We provide] products to consumers in the [removed: U.S., Canada and the U.K., enabling] [added: U.S. to enable] them to understand and monitor their credit and [removed: monitor and] help protect their identity.

[removed: This includes building] [added: We have built] an Equifax culture that [removed: considers] [added: prioritizes security, and we consider] data and technology security, and more broadly risk management, as a primary requirement in all decisions.

[removed: This also includes the extensive use of advanced data and] technology security tools, techniques, services and processes in order to enhance our ability to protect the information with which we are [removed: entrusted from fraudulent access.][added: entrusted.]

Our [removed: investment in] [added: move to] cloud-native technology is enabling the creation of our single data fabric and implementation of best-in-class cloud-based tools and capabilities.

Our [removed: goal] [added: growth strategy] is to leverage our cloud data and technology transformation to accelerate innovation and new product development; deliver market-leading capabilities to our customers; facilitate customer and partner implementation and integration; improve ease of consumer access to and interaction with Equifax; and strengthen system resiliency and uptime.

- [removed: Lead in data] [added: Leverage] and [removed: analytics, to develop unparalleled analytical insights leveraging Equifax’s unique data.] [added: expand our differentiated portfolio of data assets.] We use proprietary advanced analytical platforms, including capabilities in machine [removed: learning] [added: learning, artificial intelligence] and advanced visualization tools, to leverage our unique data to develop leading analytical insights that enhance the precision of our customers’ decisioning activities.

- Foster a culture of customer centricity. We are focused on [removed: building] [added: maintaining] a culture in which the customer is at the center of our decision processes and we exceed customer expectations by delivering solutions with speed, flexibility, stability and performance.

Our focus on customer centricity [removed: will enable] [added: enables] us to be more proactive in solving problems better and faster for customers while delivering enhanced operational readiness to provide a better customer experience.

[removed: - Deliver growth while enhancing profitability and shareholder returns.] We [added: prioritize engagement with our customers and] strive to accelerate innovation through [added: our] expanded customer focus and collaboration.

We [removed: intend] [added: seek] to leverage our cloud native technology and unique data assets and capabilities, as well as customer expertise and customer data and technology assets, to [removed: help us jointly create] [added: drive the development of] high-value analytical products and services targeted at a broader range of customer needs.

We believe there are opportunities to continue to expand in the U.S. and internationally, across the existing financial, mortgage, telecommunications, automotive, insurance, healthcare, [added: talent management, human resource services,] government and other markets that we serve, as well as in new and emerging market segments.

We continue to invest, including through acquisitions and partnerships, to expand our addressable markets and the data and capabilities we offer to solve customer challenges [removed: ranging from identity authentication] [added: across the services we provide in Workforce Solutions and] to [added: expand our access to differentiated data including across identity authentication, fraud mitigation and] risk management.

We seek to enhance shareholder value through the disciplined execution of these imperatives and by positioning [removed: ourselves] [added: our Company] as a [removed: premier] [added: global data, analytics] and [removed: trusted provider of high value information solutions.][added: technology leader with industry-leading security.]

[removed: - Build a world-class Equifax team by investing in talent to drive our strategy and promote a culture of innovation. At Equifax, we] [added: We] are focused on [removed: nurturing our people by] providing meaningful opportunities for career advancement and development, fostering an inclusive [removed: and diverse] work environment, and promoting employee engagement and recognition.

Our revenue streams are highly diversified with our largest client providing approximately [removed: 3%] [added: 2%] of total revenue.

[removed: ][added: ]

[removed: (2)Predominantly] [added: (1)Predominantly] sold to companies who serve the direct-to-consumer market and includes other small end user markets.

[removed: (3)Other] [added: (2)Other] includes revenue from other miscellaneous end-user markets.

Revenue from international clients, including end users and resellers, amounted to 22% of our total revenue in [removed: 2020, 27%] [added: 2021, 23%] of our total revenue in [removed: 2019] [added: 2020] and 29% of our total revenue in [removed: 2018.][added: 2019.]

| | | | [removed: USIS] | | | [removed: | | |] [added: Workforce Solutions] | | | | | | | | | | | | [removed: Workforce Solutions] [added: USIS] | | | | | | | | | | | | International | | | | | | | | | | | | | | | | | | | | | [removed: | | | | | |]

| | | | [removed: Online Information Solutions] | | | [removed: | | | Financial Marketing] [added: Verification] Services | | | | | | [removed: Mortgage] [added: Employer] Services | | | | | | [removed: Verification Services] [added: Online Information Solutions] | | | | | | [removed: Employer] [added: Financial Marketing] Services | | | | | | Europe | | | | | | Asia Pacific | | | | | | Latin America | | | | | | Canada | | | [removed: | | | Global Consumer Solutions | | |]

| Online data | | | [removed: X] | | | [removed: | | | | | | | | |] X | | | | | | [removed: X] | | | | | | [added: X] | | | | | | [removed: X] | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |

| Portfolio management services | | | [removed: X] | | | [removed: | | |] X | | | | | | [removed: X] | | | | | | X | | | | | | [removed: | | | | | |] X | | | | | | X | | | | | | X | | | | | | X | | | | | | [added: X] | | |

| Analytical services | | | [removed: X] | | | [removed: | | |] X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | [removed: | | | X | | |]

| Technology services | | | [removed: X] | | | | | | | | | | | | [removed: X] | | | [removed: | | |] [added: X] | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | [removed: | | | | | |]

| [removed: Identity] [added: Fraud] management [removed: and fraud | | | X | | | | | |] [added: services] | | | | | | [added: X] | | | | | | X | | | | | | [added: X] | | | | | | [removed: X] | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |

| Marketing services | | | | | | | | | [removed: X] | | | | | | [removed: X] | | | | | | | | | [removed: | | | | | | | | |] [added: X] | | | | | | X | | | | | | X | | | | | | X | | | | | | [added: X] | | |

| Direct-to-consumer credit monitoring | | | | | | | | | | | | | | | | | | [removed: | | | | | | | | |] [added: X] | | | | | | | | | | | | X | | | | | | [added: X] | | | | | | | | | | | | X | | |

In addition, we also provide products to consumers in Canada, the U.K. and Australia to enable them to understand and monitor their credit and help protect their identity.

It also includes our joint ventures in Russia, Cambodia, Malaysia and Singapore and investment in a consumer and commercial credit information company in Brazil.

In the fourth quarter of 2021, we integrated our Global Consumer Solutions business into our USIS, Workforce Solutions and International operating segments.

U.S. consumer credit monitoring solutions businesses have been moved into the Online Information Solutions business of USIS with the U.S. consumer identity theft protection business moved to the Employer Services business of Workforce Solutions.

All international consumer credit monitoring solutions businesses in Canada and Europe have been moved into the respective country operations within the International operating segment.

These changes in operating segments align with how we manage our business as of the fourth quarter of 2021.

All segment disclosures within this Form 10-K have been restated to reflect this change in reportable segments.

- Leverage our Equifax cloud capabilities and technology investment to accelerate innovation, new products and growth. We are executing a cloud data and technology transformation that is rebuilding our technology infrastructure, including a migration to a public cloud environment that employs virtual private cloud deployment techniques.

We are rationalizing and rebuilding our application portfolio using cloud-native services.

Based on our cloud native data and technology transformation, we are investing to simplify our customers’ access to our leading analytical platforms, in order to speed the development of unique insights and the conversion of these insights into innovative new products and services consumable by our customers through our delivery platforms.

We strive to advance these capabilities and bring our customers multi-data solutions at scale by expanding our unique and differentiated data assets and analytics through organic growth, M&A and partnerships.

- Execute strategic acquisitions that expand our capabilities and drive revenue growth. A critical lever of our strategy is inorganic growth through accretive and strategic acquisitions that drive incremental annual revenue growth.

Our acquisition priorities are clear and focused on re-investing in bolt-on acquisitions that expand our unique differentiated data assets and solutions to strengthen and grow our core businesses.

- Continue our leadership in data security. We are committed to being an industry leader in security.

We make extensive use of advanced data and

We are committed to working openly with our peers, customers, and partners to tackle emerging security challenges, document best practices, provide vital data security thought leadership and work together to deliver solutions that benefit both the security community and consumers.

- Build a world-class Equifax team by investing in talent to drive our strategy and promote a culture of innovation. At Equifax, we are committed to nurturing a culture where diverse talent thrives.

We leverage our enterprise-wide talent initiatives to develop, retain and attract a highly-qualified workforce in order to promote our culture of innovation, add diverse perspectives and deliver on our business strategy.

In addition, we market our products directly to consumers through eCommerce channels.

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| Identity verification services | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |

| Talent management | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

In addition, Verification Services administers a comprehensive source of incarceration, justice and people-based risk intelligence data.

database.

Identity verification and fraud management products combine financial and non-financial identity information and activity to provide identity verification and authentication services, to assist customers in assessing the risk of loss due to account takeover, identity theft and chargebacks.

Additionally, we offer services designed to alert lenders to changes in

It also includes our joint ventures in Russia, Cambodia, Malaysia and Singapore and investment in a consumer and commercial credit information company in Brazil.

The

Third parties may also seek to obtain verifications directly from employees by leveraging paper copies of information or by seeking employee credentials to access information systems.

databases; quickness of response, flexibility and client services and support; effectiveness of sales and marketing efforts; existing market penetration; proprietary technology; and new product innovation.

We rely on various intellectual property laws, confidentiality procedures and contractual provisions to protect strategic or valuable intellectual property developed in connection with our business.

Our intellectual property rights are generally important to our operations and competitive position, but no single intellectual property right or group of intellectual property rights is solely responsible for protecting our businesses.

The FCRA

Our core credit

In addition to the GDPR, each EU member state may include specific requirements regarding personal data breaches in its local data protection regulations.

Businesses must follow the fair information principles set forth in PIPEDA to protect personal information, including: accountability, identifying purposes, consent, limiting collection, limiting use, disclosure and retention, accuracy, safeguards, openness, individual access and compliance.

The Australian Securities and Investments Commission regulates corporations and has

The Privacy Act 2020 contains newly introduced mandatory data breach reporting.

- Lead our industry in data security. We are focused on being a leader in our industry in the effectiveness of our data and technology security practices.

- Transform our technology. We have undertaken a cloud data and technology transformation in order to rebuild our technology infrastructure, accelerate our migration to a public cloud environment, employ virtual private cloud deployment techniques, and rationalize and rebuild our application portfolio using cloud-native services.

As a part of the rebuilding of our technology infrastructure, we are also rebuilding our analytical platforms using cloud native services in a public cloud environment.

We strive to continue to advance these capabilities through ongoing data monetization activities, the acquisition of distinctive and differentiated assets, and continued advancement of capabilities in artificial intelligence and machine learning.

We offer a wide array of products, ranging from custom products for large clients, to software-as-a-service-based decisioning and data access technology platforms that are cost-effective for clients of all sizes.

We also develop predictive scores and analytics, some of which leverage multiple data assets, to help clients acquire new customers and manage their existing customer relationships.

We develop a broad array of industry, risk management, cross-sell and account acquisition models to enhance the precision of our clients’ decisioning activities.

We also develop custom and generic solutions that enable customers to effectively manage their debt collection and recovery portfolios.

- Improve the consumer user experience. Equifax understands the importance of providing consumers with user-friendly capabilities to see, understand and question their consumer credit file and information.

As part of our technology transformation, we are rebuilding our digital and call center technology infrastructure to provide an experience focused on making consumers’ interactions with Equifax as effective and efficient as possible.

We seek to expand partnerships in order to further broaden the key customer domains and verticals that our products and services are able to serve.

We seek to increase our share of clients’ spend on information-related services through these new products and services, price our products and services in accordance with the value they represent to our customers, increase the

range of current products and services utilized by our clients, and improve the quality and effectiveness of our support for both customers and consumers.

We regularly undertake talent initiatives to attract, develop and retain our top talent.

(1)The Mortgage vertical as a percentage of consolidated revenue increased to 32% in 2020 from 20% in 2019 due to the significant growth in U.S. mortgage volume.

In addition, we sell through the internet.

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accounts receivable performance, and Secretary of State and Securities and Exchange Commission registration information.

At present, revenues from these services in Canada and Australia are insignificant.

Global Consumer Solutions

Country specific versions of our products are available to consumers in the U.S., Canada, and the U.K. primarily over the internet.

Seasonality

We experience seasonality in certain of our revenue streams.

Revenue generated by the online consumer information services component of our USIS operating segment is typically the lowest during the first quarter, when consumer lending activity is at a seasonal low.

Revenue generated from the Employer Services business unit within the Workforce Solutions operating segment is generally higher in the first quarter due primarily to the provision of Form W-2 and 1095-C services that occur in the first quarter each year.

Revenue generated from our financial wealth asset products and data management services in our Financial Marketing Services business is generally higher in the fourth quarter each year due to the significant portion of our annual renewals and deliveries which occur in the fourth quarter of each year.

Mortgage related revenue is generally higher in the second and third quarters of the year due to the increase in consumer home purchasing during the summer in the U.S.

We generally seek protection under U.S. federal, state and foreign laws for strategic or financially important intellectual property developed in connection with our business.

We own a number of patents registered in the U.S. and in several foreign countries.

We believe that, in the aggregate, the rights under our patents and trademarks are generally important to our operations and competitive position, but we do not regard any of our businesses as being dependent upon any single patent or group of patents.

We also protect certain of our confidential intellectual property and technology with trade secret laws where applicable and through the use of nondisclosure agreements and other means of protecting and limiting access to and use of such information.

1988, and has registered the Privacy (Credit Reporting) Code 2014.

New Zealand passed a new Privacy Act in 2020 that significantly expanded its privacy law.

The Indian parliament is expected to pass legislation that would allow individuals to sue for damages in the case of a data breach, if the entity negligently failed to implement reasonable security practices and procedures to protect personal data and/or credit information and in December 2019 legislators introduced the Personal Data Protection Bill, which is expected to be considered in 2021 with amendments.

The Unemployment Cost Management service could be impacted if a state government changes the requirements for employers to process and/or protest unemployment claims.

The safety and wellbeing of our employees remains paramount, and we took several actions to best serve our employees.

These included:

- ensured that no employees lost their roles or experienced furloughs due to COVID by actively shifting employees to other roles to protect full employment;

In [removed: fiscal] 2017, we experienced a cybersecurity incident following a criminal attack on our systems that involved the theft of certain personally identifiable information of U.S., Canadian and U.K. consumers.

On July 19, 2019 and July 22, 2019, we entered into multiple agreements that resolve the U.S. consolidated consumer class action cases, captioned In re: Equifax, Inc. Customer Data Security Breach Litigation, MDL No. 2800 (the “U.S. Consumer MDL Litigation”), and the investigations of the FTC, the CFPB, the Attorneys General of 48 states, the District of Columbia and Puerto Rico [removed: (the "MSAG Group")] and the NYDFS (collectively, the “Consumer Settlement”).

Under the terms of the Consumer Settlement, the Company [removed: will] [added: agreed to] contribute $380.5 million to a non-reversionary settlement fund (the “Consumer Restitution Fund”) to provide restitution for U.S. consumers identified by the Company whose personal information was compromised as a result of the 2017 cybersecurity incident as well as to pay reasonable attorneys’ fees and reasonable costs and expenses for the plaintiffs’ counsel in the U.S. Consumer MDL Litigation (not to exceed $80.5 million), settlement administration costs and notice costs.

The MDL Court entered an amended order granting final approval of the settlement [added: (the “Final Approval Order”)] on March 17, 2020.

Several objectors [removed: have] appealed the [removed: final approval order.][added: Final Approval Order to the U.S. Court of Appeals for the Eleventh Circuit (the “Eleventh Circuit”).]

*Georgia State Court Consumer Class Actions.* Four putative class actions arising from the 2017 cybersecurity incident were filed against us in Fulton County Superior Court and Fulton County State Court in Georgia based on similar allegations [added: and theories as alleged in the U.S. Consumer MDL Litigation and seek monetary damages, injunctive relief and other related relief on behalf of Georgia citizens.]

[removed: Each of the] proposed Canadian class actions asserts a number of common law and statutory claims seeking monetary damages and other related relief in connection with the 2017 cybersecurity incident.

In addition to seeking class certification on behalf of [removed: the approximately 19,000] Canadian consumers whose personal information was allegedly impacted by the 2017 cybersecurity incident, in some cases, plaintiffs also seek class certification on behalf of a larger group of Canadian consumers who had contracts for subscription products with Equifax around the time of the incident or earlier and were not impacted by the incident.

*Government Investigations.* We have cooperated with federal, state and foreign governmental agencies and officials investigating or otherwise seeking information, testimony and/or documents, regarding the 2017 cybersecurity incident and related [removed: matters.][added: matters and these investigations have been resolved as discussed in prior filings.]

We believe we have defenses to and, where appropriate, will [removed: contest,] [added: contest] many of these matters.

On June 3, 2021, the Eleventh Circuit issued an order reversing the MDL Court’s grant of incentive awards to class representatives, but affirming all other aspects of the Final Approval Order.

Several objectors filed petitions with the Eleventh Circuit seeking a rehearing, and on July 29, 2021, the Eleventh Circuit denied those petitions.

On August 12, 2021, the MDL Court made the Eleventh Circuit’s mandate the judgment of the MDL Court.

Two objectors filed petitions for a writ of certiorari with the U.S. Supreme Court, and on January 10, 2022, the U.S. Supreme Court denied the last remaining petition.

On January 11, 2022, the Consumer Settlement became effective.

Because the plaintiffs in the four putative class actions did not opt out of the Consumer Settlement that became effective on January 11, 2022, these cases have been dismissed and are now closed.

Each of the

We appealed one of the claims on which a class was certified and on June 9, 2021, our appeal was granted by the Ontario Divisional Court.

The plaintiff has since filed a notice of further appeal with the Ontario Court of Appeal, which is scheduled to be heard in June 2022.

Although we continue to cooperate in the Canadian class action proceedings and the FCA investigation, an adverse outcome to any such proceedings and investigation could subject us to fines or other obligations, which could have a material adverse effect on our financial condition and results of operations.

CFPB Matter

In December 2021, we received a Civil Investigative Demand (a “CID”) from the CFPB as part of its investigation into our consumer disputes process in order to determine whether we have followed the FCRA's requirements for the proper handling of consumer disputes.

The CID requests the production of documents and answers to written questions.

We are cooperating with the CFPB in its investigation and are in discussions with the CFPB regarding our response to the CID.

At this time, we are unable to predict the outcome of this CFPB investigation, including whether the investigation will result in any action or proceeding against us.

Until the appeals are finally adjudicated or dismissed and the settlement becomes final in accordance with its terms, we can provide no assurance that the U.S. Consumer MDL Litigation will be resolved as contemplated by the settlement agreement.

If the Court’s order approving the settlement agreement was overturned by an appellate court and not cured in accordance with the terms of the consent orders with the FTC and CFPB, the consent orders with the FTC, CFPB and MSAG Group would remain in place and the Consumer Restitution Fund would be administered by the FTC.

In that event, there is a risk that we would not be able to settle the U.S. Consumer MDL Litigation on acceptable terms or at all, which could have a material adverse effect on our financial condition.

Other Settlements

*Financial Institutions MDL Class Action*.

On May 15, 2020, the Company entered into a settlement agreement to resolve the consolidated financial institutions class action cases pending before the MDL Court (the “Financial Institutions MDL Litigation”).

Under the settlement, the Company agreed to pay for valid claims submitted by class members up to a maximum amount, reasonable settlement administration and notice costs, and reasonable attorneys’ fees and expenses.

The Company also agreed to adopt and/or maintain certain business practices related to its information security program.

The court granted final approval of the settlement on October 22, 2020.

and theories as alleged in the U.S. Consumer MDL Litigation and seek monetary damages, injunctive relief and other related relief on behalf of Georgia citizens.

These cases remain stayed pending final resolution of the U.S. Consumer MDL Litigation.

Our motion for leave to appeal this decision was granted in part, and our appeal is now pending.

Except as described below, these investigations have been resolved as discussed in prior filings or there has been no further activity.

For the fiscal year ended December 31, [removed: 2020][added: 2021]

As of June 30, [removed: 2020,] [added: 2021,] the aggregate market value of Registrant’s common stock held by non-affiliates of Registrant was approximately [removed: $20,875,342,327] [added: $29,179,641,497] based on the closing sale price as reported on the New York Stock Exchange.

At January [removed: 29, 2021,] [added: 31, 2022,] there were [removed: 121,788,082] [added: 122,084,603] shares of Registrant’s common stock outstanding.

Portions of Registrant’s definitive proxy statement for its [removed: 2021] [added: 2022] annual meeting of shareholders are incorporated by reference in Part III of this Form 10-K.

| [Item [removed: 1.](#i523af29ce06d4991886e8b12ffaf779b_13)] [added: 1.](#ia0614cd3b4cf452388c8b0ff49fe6a50_13)] | | | [removed: [Business](#i523af29ce06d4991886e8b12ffaf779b_13)] [added: [Business](#ia0614cd3b4cf452388c8b0ff49fe6a50_13)] | | | [removed: [2](#i523af29ce06d4991886e8b12ffaf779b_13)] [added: [2](#ia0614cd3b4cf452388c8b0ff49fe6a50_13)] | | |

| [Item [removed: 1A.](#i523af29ce06d4991886e8b12ffaf779b_49)] [added: 1A.](#ia0614cd3b4cf452388c8b0ff49fe6a50_52)] | | | [Risk [removed: Factors](#i523af29ce06d4991886e8b12ffaf779b_49)] [added: Factors](#ia0614cd3b4cf452388c8b0ff49fe6a50_52)] | | | [removed: [15](#i523af29ce06d4991886e8b12ffaf779b_49)] [added: [15](#ia0614cd3b4cf452388c8b0ff49fe6a50_52)] | | |

| [Item [removed: 1B.](#i523af29ce06d4991886e8b12ffaf779b_52)] [added: 1B.](#ia0614cd3b4cf452388c8b0ff49fe6a50_55)] | | | [Unresolved Staff [removed: Comments](#i523af29ce06d4991886e8b12ffaf779b_52)] [added: Comments](#ia0614cd3b4cf452388c8b0ff49fe6a50_55)] | | | [removed: [26](#i523af29ce06d4991886e8b12ffaf779b_52)] [added: [26](#ia0614cd3b4cf452388c8b0ff49fe6a50_55)] | | |

| [Item [removed: 2.](#i523af29ce06d4991886e8b12ffaf779b_55)] [added: 2.](#ia0614cd3b4cf452388c8b0ff49fe6a50_58)] | | | [removed: [Properties](#i523af29ce06d4991886e8b12ffaf779b_55)] [added: [Properties](#ia0614cd3b4cf452388c8b0ff49fe6a50_58)] | | | [removed: [26](#i523af29ce06d4991886e8b12ffaf779b_55)] [added: [26](#ia0614cd3b4cf452388c8b0ff49fe6a50_58)] | | |

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| [Item [removed: 16.](#i523af29ce06d4991886e8b12ffaf779b_235)] [added: 16.](#ia0614cd3b4cf452388c8b0ff49fe6a50_223)] | | | [Form 10-K [removed: Summary](#i523af29ce06d4991886e8b12ffaf779b_235)] [added: Summary](#ia0614cd3b4cf452388c8b0ff49fe6a50_223)] | | | [removed: [122](#i523af29ce06d4991886e8b12ffaf779b_235)] [added: [111](#ia0614cd3b4cf452388c8b0ff49fe6a50_223)] | | |

| OR | | | | | |

| [PART I](#ia0614cd3b4cf452388c8b0ff49fe6a50_10) | | | | | | | | |

| [PART II](#ia0614cd3b4cf452388c8b0ff49fe6a50_67) | | | | | | | | |

| [Item 6.](#ia0614cd3b4cf452388c8b0ff49fe6a50_73) | | | [Reserved](#ia0614cd3b4cf452388c8b0ff49fe6a50_73) | | | [30](#ia0614cd3b4cf452388c8b0ff49fe6a50_73) | | |

| [PART III](#ia0614cd3b4cf452388c8b0ff49fe6a50_199) | | | | | | | | |

| [PART IV.](#ia0614cd3b4cf452388c8b0ff49fe6a50_217) | | | | | | | | |

| | | | [Signatures](#ia0614cd3b4cf452388c8b0ff49fe6a50_226) | | | [112](#ia0614cd3b4cf452388c8b0ff49fe6a50_226) | | |

OR

| [PART I](#i523af29ce06d4991886e8b12ffaf779b_10) | | | | | | | | |

| [PART II](#i523af29ce06d4991886e8b12ffaf779b_64) | | | | | | | | |

| [Item 6.](#i523af29ce06d4991886e8b12ffaf779b_70) | | | [Selected Financial Data](#i523af29ce06d4991886e8b12ffaf779b_70) | | | [31](#i523af29ce06d4991886e8b12ffaf779b_70) | | |

| [PART III](#i523af29ce06d4991886e8b12ffaf779b_208) | | | | | | | | |

| [PART IV.](#i523af29ce06d4991886e8b12ffaf779b_226) | | | | | | | | |

| | | | [Signatures](#i523af29ce06d4991886e8b12ffaf779b_238) | | | [122](#i523af29ce06d4991886e8b12ffaf779b_238) | | |

We ordinarily lease office space for conducting our business and are obligated under [removed: approximately] [added: more than] 60 leases and other rental arrangements for our field locations.

We owned 5 office buildings at December 31, [removed: 2020,] [added: 2021,] including our executive offices, one campus which houses our Alpharetta, Georgia technology center, a building utilized by our Workforce Solutions operations located in St. Louis, Missouri, as well as two buildings utilized by our Latin America operations.

Equifax’s common stock is traded on the New York Stock Exchange under the symbol “EFX.” As of January [removed: 29, 2021,] [added: 31, 2022,] Equifax had approximately [removed: 2,948] [added: 2,766] holders of record; however, Equifax believes the number of beneficial owners of common stock exceeds this number.

The graph assumes that the value of the investment in our Common Stock and each index was $100 on the last trading day of [removed: 2015] [added: 2016] and that all quarterly dividends were reinvested without commissions.

COMPARATIVE FIVE-YEAR CUMULATIVE TOTAL RETURN AMONG EQUIFAX INC., S&P 500 [removed: INDEX,] [added: INDEX] AND S&P 500 BANKS INDEX (INDUSTRY GROUP)

[removed: ][added: ]

| | | | Initial | | | | | | [removed: 2016] [added: 2017] | | | | | | [removed: 2017] [added: 2018] | | | | | | [removed: 2018] [added: 2019] | | | | | | [removed: 2019] [added: 2020] | | | | | | [removed: 2020] [added: 2021] | | |

The table below contains information with respect to purchases made by or on behalf of Equifax of its common stock during the fourth quarter ended December 31, [removed: 2020:][added: 2021:]

(1) The total number of shares purchased includes, if applicable: (a) shares purchased pursuant to our publicly-announced share repurchase program, or Program; and (b) shares surrendered, or deemed surrendered, in satisfaction of the exercise price and/or to satisfy tax withholding obligations in connection with the exercise of employee stock options and vesting of restricted stock, totaling [removed: 1,261] [added: 18,889] share for the month of October [removed: 2020, 3,659] [added: 2021, 3,870] shares for the month of November [removed: 2020] [added: 2021] and [removed: 7,439] [added: 25,572] shares for the month of December [removed: 2020.][added: 2021.]

(3) We [removed: did not repurchase any] [added: purchased 0.4 million] common shares during the twelve months ended December 31, [removed: 2020.][added: 2021.]

At December 31, [removed: 2020,] [added: 2021,] the amount authorized for future share repurchases under the Program was [removed: $590.1] [added: $520.2] million.

Information relating to compensation plans under which the Company’s equity securities are authorized for issuance will be included in the section captioned “Equity Compensation Plan Information” in our [removed: 2021] [added: 2022] Proxy Statement and is incorporated herein by reference.

| Equifax Inc. | | | 100.00 | | | | | | 100.95 | | | | | | 80.79 | | | | | | 123.06 | | | | | | 171.05 | | | | | | 261.43 | | |

| S&P 500 Index | | | 100.00 | | | | | | 121.83 | | | | | | 116.49 | | | | | | 153.17 | | | | | | 181.35 | | | | | | 233.41 | | |

| S&P 500 Banks Index (Industry Group) | | | 100.00 | | | | | | 122.55 | | | | | | 102.41 | | | | | | 144.02 | | | | | | 124.21 | | | | | | 168.24 | | |

| October 1 - October 31, 2021 | | | | | | 18,889 | | | | | | $ | — | | | | | — | | | | | | $ | 520,168,924 | |

| November 1 - November 30, 2021 | | | | | | 3,870 | | | | | | $ | — | | | | | — | | | | | | $ | 520,168,924 | |

| December 1 - December 31, 2021 | | | | | | 25,572 | | | | | | $ | — | | | | | — | | | | | | $ | 520,168,924 | |

| Total | | | | | | 48,331 | | | | | | $ | — | | | | | — | | | | | | $ | 520,168,924 | |

| Equifax Inc. | | | 100.00 | | | | | | 112.99 | | | | | | 114.06 | | | | | | 91.28 | | | | | | 139.04 | | | | | | 193.26 | | |

| S&P 500 Index | | | 100.00 | | | | | | 117.81 | | | | | | 143.52 | | | | | | 137.23 | | | | | | 180.44 | | | | | | 213.64 | | |

| S&P 500 Banks Index (Industry Group) | | | 100.00 | | | | | | 140.74 | | | | | | 172.48 | | | | | | 144.12 | | | | | | 202.69 | | | | | | 174.81 | | |

| October 1 - October 31, 2020 | | | | | | 1,261 | | | | | | $ | — | | | | | — | | | | | | $ | 590,092,166 | |

| November 1 - November 30, 2020 | | | | | | 3,659 | | | | | | $ | — | | | | | — | | | | | | $ | 590,092,166 | |

| December 1 - December 31, 2020 | | | | | | 7,439 | | | | | | $ | — | | | | | — | | | | | | $ | 590,092,166 | |

| Total | | | | | | 12,359 | | | | | | $ | — | | | | | — | | | | | | $ | 590,092,166 | |

Not applicable.

The table below summarizes our selected historical financial information for each of the last five years.

The summary of operations data for the years ended December 31, 2020, 2019, and 2018, and the balance sheet data as of December 31, 2020 and 2019, have been derived from our audited Consolidated Financial Statements included in this report.

All periods presented in this table have been revised for the pension accounting change discussed in Note 1 of the Notes to the Consolidated Financial Statements in Item 8 of this report.

The historical selected financial information may not be indicative of our future performance and should be read in conjunction with the information contained in Management’s Discussion and Analysis of Financial Condition and Results of Operations, and the Consolidated Financial Statements and the accompanying Notes to the Consolidated Financial Statements in this report.

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| | | | Twelve Months Ended December 31, | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | 2020 (1) (3) (4) | | | | | | 2019 (1) (2) (3) (4) | | | | | | 2018 (1) (3) (4) | | | | | | 2017 (1) (3) (5) | | | | | | 2016 (1) (6) | | |

| | | | *(In millions, except per share data)* | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Summary of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Operating revenue | | | $ | 4,127.5 | | | | | $ | 3,507.6 | | | | | $ | 3,412.1 | | | | | $ | 3,362.2 | | | | | $ | 3,144.9 | |

| Operating expenses | | | 3,450.9 | | | | | | 3,843.0 | | | | | | 2,964.1 | | | | | | 2,530.5 | | | | | | 2,319.8 | | |

| Operating income (loss) | | | 676.6 | | | | | | (335.4) | | | | | | 448.0 | | | | | | 831.7 | | | | | | 825.1 | | |

| Consolidated income (loss) from continuing operations | | | 526.2 | | | | | | (378.1) | | | | | | 317.0 | | | | | | 606.8 | | | | | | 475.1 | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Net income (loss) attributable to Equifax | | | $ | 520.1 | | | | | $ | (384.1) | | | | | $ | 310.5 | | | | | $ | 596.1 | | | | | $ | 468.8 | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Dividends paid to Equifax shareholders | | | $ | 189.5 | | | | | $ | 188.7 | | | | | $ | 187.9 | | | | | $ | 187.4 | | | | | $ | 157.6 | |

| Diluted earnings per share | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Net income (loss) attributable to Equifax | | | $ | 4.24 | | | | | $ | (3.15) | | | | | $ | 2.56 | | | | | $ | 4.90 | | | | | $ | 3.87 | |

| Cash dividends declared per share | | | $ | 1.56 | | | | | $ | 1.56 | | | | | $ | 1.56 | | | | | $ | 1.56 | | | | | $ | 1.32 | |

| Weighted-average shares outstanding (diluted) | | | 122.8 | | | | | | 122.0 | | | | | | 121.4 | | | | | | 121.5 | | | | | | 121.1 | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| | | | As of December 31, | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | 2020 (1) (4) | | | | | | 2019 (1) (2) (4) | | | | | | 2018 (1) (4) | | | | | | 2017 (1) (5) | | | | | | 2016 (1) (6) | | |

| | | | *(In millions)* | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Total assets | | | $ | 9,611.8 | | | | | $ | 7,909.0 | | | | | $ | 7,153.2 | | | | | $ | 7,233.4 | | | | | $ | 6,664.0 | |

| Short-term debt and current maturities | | | 1,101.1 | | | | | | 3.1 | | | | | | 4.9 | | | | | | 965.3 | | | | | | 585.4 | | |

| Long-term debt, net of current portion | | | 3,277.3 | | | | | | 3,379.5 | | | | | | 2,630.6 | | | | | | 1,739.0 | | | | | | 2,086.8 | | |

| Total debt, net | | | 4,378.4 | | | | | | 3,382.6 | | | | | | 2,635.5 | | | | | | 2,704.3 | | | | | | 2,672.2 | | |

| Total equity | | | 3,210.3 | | | | | | 2,622.9 | | | | | | 3,155.7 | | | | | | 3,239.0 | | | | | | 2,721.3 | | |

(1)The selected financial data above reflects the change in accounting method for recognizing actuarial gains and losses and expected returns on plan assets for our defined benefit pension and postretirement benefit plans.

Under the accounting method change, remeasurement of projected benefit obligation and plan assets are immediately recognized in earnings through net periodic benefit cost within Other Income (Expense) on the Consolidated Statements of Income (Loss), This change in accounting was applied retrospectively to all of the prior periods.

For additional information, see Note 1 of the Notes to the Consolidated Financial Statements in this report.

(2)During the year ended December 31, 2019, the Company recorded $800.9 million of losses, net of insurance recoveries, associated with certain legal proceedings and government investigations related to the 2017 cybersecurity incident, exclusive of our legal professional services expenses.

For additional information, see Note 6 of the Notes to the Consolidated Financial Statements in this report.

| [Report of Independent Registered Public Accounting Firm on Internal Control over Financial [removed: Reporting](#i523af29ce06d4991886e8b12ffaf779b_97)] [added: Reporting](#ia0614cd3b4cf452388c8b0ff49fe6a50_100)] | | | [removed: [60](#i523af29ce06d4991886e8b12ffaf779b_97)] [added: [55](#ia0614cd3b4cf452388c8b0ff49fe6a50_100)] | | |

| [Report of Independent Registered Public Accounting [removed: Firm](#i523af29ce06d4991886e8b12ffaf779b_100)] [added: Firm](#ia0614cd3b4cf452388c8b0ff49fe6a50_103) (PCAOB ID: 42)] | | | [removed: [61](#i523af29ce06d4991886e8b12ffaf779b_100)] [added: [57](#ia0614cd3b4cf452388c8b0ff49fe6a50_103)] | | |

| [Consolidated Statements of Income (Loss) for each of the three years in the period ended December 31, [removed: 2020](#i523af29ce06d4991886e8b12ffaf779b_103)] [added: 2021](#ia0614cd3b4cf452388c8b0ff49fe6a50_106)] | | | [removed: [63](#i523af29ce06d4991886e8b12ffaf779b_103)] [added: [59](#ia0614cd3b4cf452388c8b0ff49fe6a50_106)] | | |

| [Consolidated Statements of Comprehensive Income (Loss) for each of the three years in the period ended December 31, [removed: 2020](#i523af29ce06d4991886e8b12ffaf779b_106)] [added: 2021](#ia0614cd3b4cf452388c8b0ff49fe6a50_109)] | | | [removed: [64](#i523af29ce06d4991886e8b12ffaf779b_106)] [added: [60](#ia0614cd3b4cf452388c8b0ff49fe6a50_109)] | | |

| [Consolidated Balance Sheets at December 31, [removed: 2020] [added: 2021] and [removed: 2019](#i523af29ce06d4991886e8b12ffaf779b_109)] [added: 2020](#ia0614cd3b4cf452388c8b0ff49fe6a50_112)] | | | [removed: [65](#i523af29ce06d4991886e8b12ffaf779b_109)] [added: [61](#ia0614cd3b4cf452388c8b0ff49fe6a50_112)] | | |

| [Consolidated Statements of Cash Flows for each of the three years in the period ended December 31, [removed: 2020](#i523af29ce06d4991886e8b12ffaf779b_115)] [added: 2021](#ia0614cd3b4cf452388c8b0ff49fe6a50_115)] | | | [removed: [66](#i523af29ce06d4991886e8b12ffaf779b_115)] [added: [62](#ia0614cd3b4cf452388c8b0ff49fe6a50_115)] | | |

| [Consolidated Statements of Shareholders’ Equity and Accumulated Other Comprehensive Loss for each of the three years in the period ended December 31, [removed: 2020](#i523af29ce06d4991886e8b12ffaf779b_118)] [added: 2021](#ia0614cd3b4cf452388c8b0ff49fe6a50_118)] | | | [removed: [67](#i523af29ce06d4991886e8b12ffaf779b_118)] [added: [63](#ia0614cd3b4cf452388c8b0ff49fe6a50_118)] | | |

| [Notes to Consolidated Financial [removed: Statements](#i523af29ce06d4991886e8b12ffaf779b_130)] [added: Statements](#ia0614cd3b4cf452388c8b0ff49fe6a50_124)] | | | [removed: [69](#i523af29ce06d4991886e8b12ffaf779b_130)] [added: [65](#ia0614cd3b4cf452388c8b0ff49fe6a50_124)] | | |

We have audited Equifax Inc.’s internal control over financial reporting as of December 31, [removed: 2020,] [added: 2021,] based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“2013 framework”) (the COSO criteria).

In our opinion, Equifax Inc. (the Company) maintained, in all material respects, effective internal control over financial reporting as of December 31, [removed: 2020,] [added: 2021,] based on the COSO criteria.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, [removed: 2020] [added: 2021] and [removed: 2019,] [added: 2020,] the related consolidated statements of income (loss), comprehensive income (loss), cash flows, and shareholders’ equity and accumulated other comprehensive loss for each of the three years in the period ended December 31, [removed: 2020,] [added: 2021,] and the related notes and financial statement schedule listed in the Index at Item 15(a)(2) [removed: (collectively referred to as the “consolidated financial statements”)] and our report dated February [removed: 25, 2021] [added: 24, 2022] expressed an unqualified opinion thereon.

We have audited the accompanying consolidated balance sheets of Equifax Inc. (the Company) as of December 31, [removed: 2020] [added: 2021] and [removed: 2019,] [added: 2020,] the related consolidated statements of income (loss), comprehensive income (loss), cash flows, and shareholders’ equity and accumulated other comprehensive loss for each of the three years in the period ended December 31, [removed: 2020,] [added: 2021,] and the related notes and financial statement schedule listed in the Index at Item 15(a)(2) (collectively referred to as the “consolidated financial statements”).

In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, [removed: 2020] [added: 2021] and [removed: 2019,] [added: 2020,] and the results of its operations and its cash flows for each of the three years in the period ended December 31, [removed: 2020,] [added: 2021,] in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December 31, [removed: 2020,] [added: 2021,] based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our report dated February [removed: 25, 2021] [added: 24, 2022] expressed an unqualified opinion thereon.

[removed: Change] [added: | Cumulative adjustment from change] in [removed: Accounting Principle][added: accounting principle | | | — | | | | | | — | | | | | | — | | | | | | (0.4) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (0.4) | | |]

The communication of the critical audit matter does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the account or disclosure to which [removed: they relate.][added: it relates.]

| *Description of the Matter* | | | At December 31, [removed: 2020,] [added: 2021,] the Company’s goodwill was [removed: $4.5] [added: $6.3] billion and the goodwill attributed to the Asia Pacific reporting unit was [removed: $1.6] [added: $1.5] billion. As discussed in Note 4 of the consolidated financial statements, goodwill is tested for impairment at least annually at the reporting unit level. The Company’s goodwill is initially assigned to its reporting units as of the acquisition date. The Company determined that a quantitative impairment test was required for the Asia Pacific reporting unit, therefore the Company determined the relative fair value of this reporting unit as of September 30, [removed: 2020,] [added: 2021,] the annual goodwill impairment testing date. | | |

| | | | 2020 | | | | | | [added: | | | | | |] 2019 | | | | | | [removed: 2018] | | |

| *(In millions, except per share amounts)* | | | [added: 2021] | | | | | | [removed: Revised] [added: 2020] | | | | | | [removed: Revised] [added: 2019] | | |

| Operating revenue | | | $ | [removed: 4,127.5] [added: 4,923.9] | | | | | $ | [removed: 3,507.6] [added: 4,127.5] | | | | | $ | [removed: 3,412.1] [added: 3,507.6] | |

| Cost of services (exclusive of depreciation and amortization below) | | | [removed: 1,737.4] [added: 1,980.9] | | | | | | [removed: 1,521.7] [added: 1,737.4] | | | | | | [removed: 1,440.4] [added: 1,521.7] | | |

| Selling, general and administrative expenses | | | [removed: 1,322.5] [added: 1,324.6] | | | | | | [removed: 1,990.2] [added: 1,322.5] | | | | | | [removed: 1,213.3] [added: 1,990.2] | | |

| Depreciation and amortization | | | [removed: 391.0] [added: 480.4] | | | | | | [removed: 331.1] [added: 391.0] | | | | | | [removed: 310.4] [added: 331.1] | | |

| Total operating expenses | | | [removed: 3,450.9] [added: 3,785.9] | | | | | | [removed: 3,843.0] [added: 3,450.9] | | | | | | [removed: 2,964.1] [added: 3,843.0] | | |

| Operating income (loss) | | | [removed: 676.6] [added: 1,138.0] | | | | | | [removed: (335.4)] [added: 676.6] | | | | | | [removed: 448.0] [added: (335.4)] | | |

| Interest expense | | | [removed: (141.6)] [added: (145.6)] | | | | | | [removed: (111.7)] [added: (141.6)] | | | | | | [removed: (103.5)] [added: (111.7)] | | |

| Other [added: (expense)] income, net | | | [removed: 150.2] [added: (43.2)] | | | | | | [removed: 33.3] [added: 150.2] | | | | | | [removed: 25.9] [added: 33.3] | | |

| Consolidated income (loss) before income taxes | | | [removed: 685.2] [added: 949.2] | | | | | | [removed: (413.8)] [added: 685.2] | | | | | | [removed: 370.4] [added: (413.8)] | | |

| (Provision [removed: from)] [added: for)] benefit [removed: for] [added: from] income taxes | | | [removed: (159.0)] [added: (200.7)] | | | | | | [removed: 35.7] [added: (159.0)] | | | | | | [removed: (53.4)] [added: 35.7] | | |

| Consolidated net income (loss) | | | [removed: 526.2] [added: 748.5] | | | | | | [removed: (378.1)] [added: 526.2] | | | | | | [removed: 317.0] [added: (378.1)] | | |

| Less: Net income attributable to noncontrolling interests including redeemable noncontrolling interests | | | [removed: (6.1)] [added: (4.3)] | | | | | | [removed: (6.0)] [added: (6.1)] | | | | | | [removed: (6.5)] [added: (6.0)] | | |

| Net income (loss) attributable to Equifax | | | $ | [removed: 520.1] [added: 744.2] | | | | | $ | [removed: (384.1)] [added: 520.1] | | | | | $ | [removed: 310.5] [added: (384.1)] | |

| Net income (loss) attributable to Equifax | | | $ | [removed: 4.28] [added: 6.11] | | | | | $ | [removed: (3.18)] [added: 4.28] | | | | | $ | [removed: 2.58] [added: (3.18)] | |

| Weighted-average shares used in computing basic earnings per share | | | [removed: 121.5] [added: 121.9] | | | | | | [removed: 120.9] [added: 121.5] | | | | | | [removed: 120.4] [added: 120.9] | | |

| Net income (loss) attributable to Equifax | | | $ | [removed: 4.24] [added: 6.02] | | | | | $ | [removed: (3.15)] [added: 4.24] | | | | | $ | [removed: 2.56] [added: (3.15)] | |

| Weighted-average shares used in computing diluted earnings per share | | | [removed: 122.8] [added: 123.6] | | | | | | [removed: 122.0] [added: 122.8] | | | | | | [removed: 121.4] [added: 122.0] | | |

| | | | [removed: 2020] [added: 2021] | | | | | | | | | | | | | | | | | | [removed: 2019] [added: 2020] | | | | | | | | | | | | | | | | | | [removed: 2018] [added: 2019] | | | | | | | | | | | | | | |

| Net income (loss) | | | $ | [removed: 520.1] [added: 744.2] | | | | | $ | [removed: 6.1] [added: 4.3] | | | | | $ | [removed: 526.2] [added: 748.5] | | | | | $ | [removed: (384.1)] [added: 520.1] | | | | | $ | [removed: 6.0] [added: 6.1] | | | | | $ | [removed: (378.1)] [added: 526.2] | | | | | $ | [removed: 310.5] [added: (384.1)] | | | | | $ | [removed: 6.5] [added: 6.0] | | | | | $ | [removed: 317.0] [added: (378.1)] | |

| Foreign currency translation adjustment | | | [removed: 184.0] [added: (124.1)] | | | | | | [removed: 1.2] [added: (0.6)] | | | | | | [removed: 185.2] [added: (124.7)] | | | | | | [removed: (24.4)] [added: 184.0] | | | | | | [removed: (0.5)] [added: 1.2] | | | | | | [removed: (24.9)] [added: 185.2] | | | | | | [removed: (224.7)] [added: (24.4)] | | | | | | [removed: 5.8] [added: (0.5)] | | | | | | [removed: (218.9)] [added: (24.9)] | | |

| Change in unrecognized prior service cost and actuarial (losses) gains related to our pension and other postretirement benefit plans, net | | | [removed: (1.1)] [added: 0.1] | | | | | | — | | | | | | [removed: (1.1)] [added: 0.1] | | | | | | [removed: 4.3] [added: (1.1)] | | | | | | — | | | | | | [removed: 4.3] [added: (1.1)] | | | | | | [removed: 302.2] [added: 4.3] | | | | | | — | | | | | | [removed: 302.2] [added: 4.3] | | |

As indicated in the accompanying Management’s Annual Report on Internal Control over Financial Reporting, management’s assessment of and conclusion on the effectiveness of internal control over financial reporting did not include the internal controls of Kount Inc. and Appriss Insights, which is included in the 2021 consolidated financial statements of the Company and constituted 0.6% of consolidated total assets as of December 31, 2021 and 1.7% of revenues for the year then ended.

Our audit of internal control over financial reporting of the Company also did not include an evaluation of the internal control over financial reporting of Kount Inc. and Appriss Insights.

February 24, 2022

February 24, 2022

| Other comprehensive income (loss) | | | (124.0) | | | | | | (0.6) | | | | | | (124.6) | | | | | | 183.0 | | | | | | 1.2 | | | | | | 184.2 | | | | | | (20.0) | | | | | | (0.5) | | | | | | (20.5) | | |

| Gain on sale of asset | | | (4.6) | | | | | | — | | | | | | — | | |

| Gain on divestiture | | | (0.2) | | | | | | — | | | | | | — | | |

| Cash received from divestitures | | | 1.5 | | | | | | — | | | | | | — | | |

| Treasury stock purchases | | | (69.9) | | | | | | — | | | | | | — | | |

| Other | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 0.1 | | | | | | — | | | | | | — | | | | | | — | | | | | | 0.1 | | |

| Net income | | | — | | | | | | — | | | | | | — | | | | | | 744.2 | | | | | | — | | | | | | — | | | | | | — | | | | | | 4.3 | | | | | | 748.5 | | |

| Treasury stock purchased under share repurchase program ($197.52 per share)* | | | (0.4) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (69.9) | | | | | | — | | | | | | — | | | | | | (69.9) | | |

| Purchases of noncontrolling and redeemable noncontrolling interests | | | — | | | | | | — | | | | | | (1.8) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (9.4) | | | | | | (11.2) | | |

| Other | | | — | | | | | | — | | | | | | (0.2) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 0.3 | | | | | | 0.1 | | |

| Balance, December 31, 2021 | | | 122.1 | | | | | | $ | 236.6 | | | | | $ | 1,536.7 | | | | | $ | 4,751.6 | | | | | $ | (295.4) | | | | | $ | (2,639.2) | | | | | $ | (5.9) | | | | | $ | 16.8 | | | | | $ | 3,601.2 | |

In the fourth quarter of 2021, we integrated our Global Consumer Solutions business into our USIS, Workforce Solutions and International operating segments.

U.S. consumer credit monitoring solutions businesses have been moved into the Online Information Solutions business of USIS with the U.S. consumer identity theft protection business moved to the Employer Services business of Workforce Solutions.

All international consumer credit monitoring solutions businesses in Canada and Europe have been moved into the respective country operations within the International operating segment.

These changes in operating segments align with how we manage our business as of the fourth quarter of 2021.

All segment disclosures within this Form 10-K have been retrospectively restated to reflect the change in segments.

We

| 1 to 3 years | | | | | | 35.3 | | |

| 3 to 5 years | | | | | | 21.1 | | |

| Thereafter | | | | | | 33.6 | | |

For the twelve months ended December 31, 2021, stock options with an anti-dilutive effect were not material.

We record our equity investment in Brazil within Other Assets at fair value, using observable Level 1 inputs.

The carrying value of the investment has been adjusted to $56.4 million as of December 31, 2021 based on quoted market prices, resulting in an unrealized loss of $64.0 million for the twelve months December 31, 2021.

We are not the primary beneficiary and are not required to consolidate any of these VIEs.

Recent Accounting Pronouncements. *Business Combinations*.

In October 2021, the FASB issued ASU No. 2021-08 “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” The update provides clarifying guidance to reduce diversity in practice stating that contract assets and contract liabilities acquired in business combinations should be measured in accordance with Accounting Standards topic 606, rather than the fair value principles of Accounting Standards topic 805.

| Employer Services | | | | | | 426.5 | | | | | | $ | 358.5 | | | | | 271.0 | | | | | | 68.0 | | | | | | 19 | | % | | | | 87.5 | | | | | | 32 | | % |

| Total Workforce Solutions | | | | | | 2,035.4 | | | | | | $ | 1,461.7 | | | | | 971.1 | | | | | | 573.7 | | | | | | 39 | | % | | | | 490.6 | | | | | | 51 | | % |

| Online Information Solutions | | | | | | 1,349.8 | | | | | | 1,296.4 | | | | | | 1,177.9 | | | | | | 53.4 | | | | | | 4 | | % | | | | 118.5 | | | | | | 10 | | % |

| Total U.S. Information Solutions | | | | | | 1,786.7 | | | | | | 1,711.2 | | | | | | 1,531.2 | | | | | | 75.5 | | | | | | 4 | | % | | | | 180.0 | | | | | | 12 | | % |

| Europe | | | | | | 319.9 | | | | | | 285.2 | | | | | | 303.8 | | | | | | 34.7 | | | | | | 12 | | % | | | | (18.6) | | | | | | (6) | | % |

| Canada | | | | | | 250.0 | | | | | | 212.6 | | | | | | 210.9 | | | | | | 37.4 | | | | | | 18 | | % | | | | 1.7 | | | | | | 1 | | % |

| Total International | | | | | | 1,101.8 | | | | | | 954.6 | | | | | | 1,005.3 | | | | | | 147.2 | | | | | | 15 | | % | | | | (50.7) | | | | | | (5) | | % |

2021 Acquisitions and Investments. On February 10, 2021, the Company acquired 100% of Kount, a provider of fraud prevention and digital identity solutions for $640 million within the USIS business unit.

Additionally in the first quarter of 2021, the Company acquired 100% of HIREtech and i2Verify within the Workforce Solutions business unit as well as a small acquisition and purchase of the remaining noncontrolling interest of a business within our International business unit.

In the third quarter of 2021, the Company acquired 100% of Health e(fx) and Teletrack within the Workforce Solutions and USIS business units, respectively, as well as the purchase of the remaining noncontrolling interest of a business within our International business unit.

| | | | | | |

| --- | --- | --- | --- | --- | --- |

February 25, 2021

As discussed in Note 1 to the consolidated financial statements, the Company has elected to change its method of accounting for actuarial gains and losses and the calculation of expected return on plan assets related to all of its pension and other postretirement benefit plans during the year ended December 31, 2020.

The Company adopted this change on a retrospective basis.

February 25, 2021

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | | | | | | | | | | | | | | | | | | | Revised | | | | | | | | | | | | | | | | | | Revised | | | | | | | | | | | | | | |

CONSOLIDATED STATEMENTS OF CASH FLOWS

| Payment of contingent consideration | | | — | | | | | | — | | | | | | (1.5) | | |

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND ACCUMULATED OTHER COMPREHENSIVE LOSS

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Balance, December 31, 2017 | | | 120.1 | | | | | | $ | 236.6 | | | | | $ | 1,332.7 | | | | | $ | 4,600.6 | | | | | $ | (412.0) | | | | | $ | (2,577.6) | | | | | $ | (5.9) | | | | | $ | 64.6 | | | | | $ | 3,239.0 | |

| Net income | | | — | | | | | | — | | | | | | — | | | | | | 310.5 | | | | | | — | | | | | | — | | | | | | — | | | | | | 6.5 | | | | | | 317.0 | | |

| Other comprehensive (loss) income | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (218.1) | | | | | | — | | | | | | — | | | | | | 5.8 | | | | | | (212.3) | | |

| Cumulative adjustment from change in accounting principle | | | — | | | | | | — | | | | | | — | | | | | | (298.4) | | | | | | 302.6 | | | | | | — | | | | | | — | | | | | | — | | | | | | 4.2 | | |

| Purchase of noncontrolling interests | | | — | | | | | | — | | | | | | (5.5) | | | | | | — | | | | | | (7.0) | | | | | | — | | | | | | — | | | | | | (16.7) | | | | | | (29.2) | | |

| Cumulative adjustment from change in accounting principle | | | — | | | | | | — | | | | | | — | | | | | | (0.4) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (0.4) | | |

| | | | | | | | | | Revised | | | | | | Revised | | |

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

- Global Consumer Solutions

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

as well as reported amounts of revenues and expenses during the reporting period.

Within our debt collections and recovery

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 to 3 years | | | | | | 31.6 | | |

| 3 to 5 years | | | | | | 21.2 | | |

| Thereafter | | | | | | 43.9 | | |

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Other Current Assets. Other current assets on our Consolidated Balance Sheets included directors and officers liability insurance receivable for costs incurred to date related to the 2017 cybersecurity incident that are reimbursable and probable for recovery under our insurance coverage.

As of December 31, 2019, the insurance receivable balance was approximately $112.4 million and we had accrued for the maximum remaining reimbursement amount allowed under the insurance policy.

As of December 31, 2020 all amounts outstanding had been collected and the Company had no insurance receivables outstanding.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

recorded based on the amount by which the asset group’s carrying amount exceeds its fair value.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| | | | | | | | | |

We record our equity investment in Brazil within Other Assets using the measurement method of cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions.

Our management assessed the effectiveness of Equifax’s internal control over financial reporting as of December 31, [removed: 2020] [added: 2021] using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework (2013 Framework).

Based on this assessment using those criteria, our management concluded that, as of December 31, [removed: 2020,] [added: 2021,] Equifax’s internal control over financial reporting was effective.

The effectiveness of Equifax’s internal control over financial reporting as of December 31, [removed: 2020] [added: 2021] has been audited by Ernst & Young LLP, Equifax’s independent registered public accounting firm, as stated in their report, which appears in “Item 8.

Financial Statements and Supplementary Data” of this Form 10-K on page [removed: 60.][added: 55.]

On February 10, 2021, the Company acquired Kount, a provider of fraud prevention and digital identity solutions in the U.S. Additionally, the Company acquired Appriss Insights, a source of risk and criminal justice intelligence information in the U.S., on October 1, 2021.

As permitted by Securities and Exchange Commission guidance, we elected to exclude Kount and Appriss Insights, representing total assets (excluding goodwill and identified intangible assets) of approximately 0.6% of our consolidated total assets as of December 31, 2021 and operating revenues of 1.7% of our consolidated operating revenues for the year ended December 31, 2021, from our assessment of internal control over financial reporting as of December 31, 2021.

There were no other acquisitions completed during 2021 that were material to the 2021 consolidated financial statements.

Except for the information about our executive officers shown below, the information required by this Item 10 is incorporated herein by reference from the information contained in our Proxy Statement to be filed with the SEC in connection with the solicitation of proxies for our [removed: 2021] [added: 2022] Annual Meeting of Shareholders (the [removed: “2021] [added: “2022] Proxy Statement”) under the sections entitled “Proposal 1 Election of Directors,” “Section 16(a) Beneficial Ownership Reporting Compliance” and “Board Leadership and Corporate Governance—Committees of the Board of Directors.”

Begor [removed: (62)*] [added: (63)*] has been [added: our] Chief Executive Officer and a member of the Board of Directors since April 2018.

*Sunil [removed: Bindal* (46)] [added: Bindal (47)*] has been [removed: Senior] [added: our Executive] Vice [removed: President of] [added: President, Chief] Corporate Development [added: Officer] since October 2020.

*Carla Chaney [removed: (50)*] [added: (51)*] has been [removed: Corporate] [added: our Executive] Vice [removed: President and] [added: President,] Chief Human Resources Officer since April 2019.

*Jamil Farshchi [removed: (43)*] [added: (44)*] has been our [added: Executive Vice President,] Chief Information Security Officer since February 2018.

[removed: Gamble, Jr. (58)* has been] [added: Prior thereto, he was] Corporate Vice President and Chief Financial Officer since May 2014.

[removed: Hartman] [added: Ploder] (61)* has been [added: our Executive Vice] President, [removed: International,] [added: President, Workforce Solutions] since November 2015.

[removed: Houston (50)* has been] [added: Prior thereto, she was our] Chief Transformation Officer since October 2017.

Kelley III [removed: (60)*] [added: (61)*] has been [removed: Corporate] [added: our Executive] Vice [removed: President and] [added: President,] Chief Legal Officer [added: and Corporate Secretary] since January 2013.

*Bryson Koehler [removed: (45)*] [added: (46)*] has been our [added: Executive Vice President,] Chief [removed: Technology] [added: Technology, Product and D&A] Officer since [removed: June 2018.][added: December 2021.]

*Sid Singh [removed: (43)*] [added: (44)*] has been [added: our Executive Vice] President, [added: President,] U.S. Information [removed: Solutions,] [added: Solutions] since February 11, 2019.

Gamble, Jr. (59)* has been our Executive Vice President, Chief Financial Officer and Chief Operations Officer since February 2021.

Houston (51)* has been our Executive Vice President, Chief Strategy and Marketing Officer since March 2021.

Prior thereto, he was our Chief Technology Officer since June 2018.

*Lisa Nelson (58)* has been our Executive Vice President, President, International since June 2021.

Prior thereto, she served as Group Managing Director, Equifax Australia and New Zealand, since August 2019.

Prior thereto, she served as President and General Manager, Equifax Canada, since January 2015.

Prior thereto, she served as Senior Vice President, Enterprise Alliance Leader of Equifax U.S. Information Solutions, since November 2011.

Prior to joining Equifax, she served as Vice President, Global Scoring Solutions of FICO, since August 2004.

*Beverly Anderson (57)* has been President, Global Consumer Solutions, since November 2019.

Prior thereto, she served as Executive Vice President, Head of Card and Retail Services at Wells Fargo & Company, since March 2012.

Prior to that, she served in roles of increasing responsibility at American Express from July 2004, ultimately serving as Vice President and General Manager, American Express Business Insights Americas—Global Merchant Services.

She currently serves on the board of directors of Expedia Group, Inc.

*Prasanna Dhoré (59)* assumed the expanded role of Chief Data and Analytics and Innovation Officer in December 2020.

He has served as Chief Data and Analytics Officer since August 2012.

Prior thereto, Mr. Dhoré was Vice President, Global Customer Intelligence of Hewlett Packard from July 2007 to August 2012.

Prior to that, he was Executive Vice President, Distribution, Customer Intelligence, and Marketing of Dreyfus Service Corporation from July 1996 to July 2007.

*John T.

Prior thereto, he served as Senior Vice President, Corporate Development, since April 2010.

Prior thereto, he served as President of Growth Vector from 2009 to 2010.

Prior thereto, he served as Executive Vice President and Chief Commercial Officer for Acuity Brands from 2004 to 2009.

Ploder (60)* has been President, Workforce Solutions, since November 2015.

The information required by this Item 11 is incorporated herein by reference from the information contained in our [removed: 2021] [added: 2022] Proxy Statement under the sections entitled “Executive Compensation” and “Director Compensation.”

The information required by this Item 12 is incorporated herein by reference from the information contained in our [removed: 2021] [added: 2022] Proxy Statement under the sections entitled “Security Ownership of Management and Certain Beneficial Owners” and “Executive Compensation Equity Compensation Plan Information.”

The information required by this Item 13 is incorporated herein by reference from the information contained in our [removed: 2021] [added: 2022] Proxy Statement under the sections entitled “Board Leadership and Corporate Governance Director Independence, ” “Related Person Transaction Policy” and “Certain Relationships and Related Person Transactions of Directors, Executive Officers, and 5 Percent Shareholders.”

The information required by this Item 14 is incorporated herein by reference from the information contained in our [removed: 2021] [added: 2022] Proxy Statement under the section entitled “Proposal 3 Ratification of Appointment of Ernst & Young LLP as Independent Registered Public Accounting Firm for [removed: 2021.”][added: 2022.”]

- Consolidated Balance Sheets — December 31, [removed: 2020] [added: 2021] and [removed: 2019;][added: 2020;]

- Consolidated Statements of Income (Loss) for the Years Ended December 31, [removed: 2020, 2019] [added: 2021, 2020] and [removed: 2018;][added: 2019;]

- Consolidated Statements of Comprehensive Income (Loss) for the Years Ended December 31, [removed: 2020, 2019] [added: 2021, 2020] and [removed: 2018;][added: 2019;]

- Consolidated Statements of Cash Flows for the Years Ended December 31, [removed: 2020, 2019] [added: 2021, 2020] and [removed: 2018;][added: 2019;]

- Consolidated Statements of Shareholders’ Equity and Accumulated Other Comprehensive Loss for the Years Ended December 31, [removed: 2020, 2019] [added: 2021, 2020] and [removed: 2018;] [added: 2019;] and

| 3.2 | | | | | | [Amended and Restated Bylaws of Equifax Inc. (incorporated by reference to Exhibit [removed: 3.](http://www.sec.gov/Archives/edgar/data/33185/000119312521034362/d330076dex32.htm)[2](http://www.sec.gov/Archives/edgar/data/33185/000119312521034362/d330076dex32.htm) [to] [added: 3.2 to] Equifax’s Form 8-K filed February 9, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000119312521034362/d330076dex32.htm) | | |

| 4.2 | | | | | | [Second Supplemental Indenture dated as of June 28, 2007, between Equifax Inc. and The Bank of New York Trust Company, N.A. (under which Equifax’s 7.00% Senior Notes due 2037 were issued), to the 1998 Indenture (incorporated by reference to Exhibit [removed: 4.](http://www.sec.gov/Archives/edgar/data/33185/000110465907051403/a07-17861_1ex4d3.htm)[3](http://www.sec.gov/Archives/edgar/data/33185/000110465907051403/a07-17861_1ex4d3.htm) [to] [added: 4.3 to] Equifax’s Form 8-K filed June 29, 2007).](http://www.sec.gov/Archives/edgar/data/33185/000110465907051403/a07-17861_1ex4d3.htm) | | |

| [removed: 4.14] [added: 4.17] | | | | | | [Description of the Company’s Securities Registered under Section 12 of the Securities Exchange Act of [removed: 1934](http://www.sec.gov/Archives/edgar/data/33185/000003318520000011/exhibit414-12312019.htm) [(incorporated by](http://www.sec.gov/Archives/edgar/data/33185/000003318520000011/exhibit414-12312019.htm) [reference](http://www.sec.gov/Archives/edgar/data/33185/000003318520000011/exhibit414-12312019.htm) [](http://www.sec.gov/Archives/edgar/data/33185/000003318520000011/exhibit414-12312019.htm)[to] [added: 1934 (incorporated by reference to] Exhibit 4.14 to Equifax's Form 10-K filed February [removed: 20,](http://www.sec.gov/Archives/edgar/data/33185/000003318520000011/exhibit414-12312019.htm) [2020](http://www.sec.gov/Archives/edgar/data/33185/000003318520000011/exhibit414-12312019.htm)[)](http://www.sec.gov/Archives/edgar/data/33185/000003318520000011/exhibit414-12312019.htm)[.](http://www.sec.gov/Archives/edgar/data/33185/000003318520000011/exhibit414-12312019.htm)] [added: 20, 2020).](http://www.sec.gov/Archives/edgar/data/33185/000003318520000011/exhibit414-12312019.htm)] | | |

| | | | | | | Except as set forth in the preceding Exhibits 4.1 through [removed: 4.14,] [added: 4.17,] instruments defining the rights of holders of long-term debt securities of Equifax have been omitted where the total amount of securities authorized does not exceed 10% of the total assets of Equifax and its subsidiaries on a consolidated basis. Equifax agrees to furnish to the SEC, upon request, a copy of such instruments with respect to issuances of long-term debt of Equifax and its subsidiaries. | | |

| [removed: 10.3*] [added: 10.3] | | | | | | [Amendment No. 1 to Supplemental Retirement Plan for Executives of Equifax Inc., effective January 1, [removed: 2020.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit103-12312020.htm)] [added: 2020 (incorporated by reference to Exhibit 10.3 to Equifax’s Form 10-K filed February 25, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit103-12312020.htm)] | | |

| [removed: 10.4*] [added: 10.4] | | | | | | [Amendment No. 2 to Supplemental Retirement Plan for Executives of Equifax Inc., effective November 4, [removed: 2020.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit104-12312020.htm)] [added: 2020 (incorporated by reference to Exhibit 10.4 to Equifax’s Form 10-K filed February 25, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit104-12312020.htm)] | | |

| [removed: 10.8*] [added: 10.8] | | | | | | [Amendment No. 1 to Equifax Inc. 2008 Omnibus Incentive Plan, effective February 6, [removed: 2017.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit108-12312020.htm)] [added: 2017 (incorporated by reference to Exhibit 10.8 to Equifax’s Form 10-K filed February 25, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit108-12312020.htm)] | | |

| [removed: 10.9*] [added: 10.9] | | | | | | [Amendment No. 2 to Equifax Inc. 2008 Omnibus Incentive Plan, effective November 4, [removed: 2020.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit109-12312020.htm)] [added: 2020 (incorporated by reference to Exhibit 10.9 to Equifax’s Form 10-K filed February 25, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit109-12312020.htm)] | | |

| [removed: 10.11*] [added: 10.11] | | | | | | [Form of Non-Employee Director Restricted Stock Unit Award [removed: Agreement.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1011-12312020.htm)] [added: Agreement (incorporated by reference to Exhibit 10.11 to Equifax’s Form 10-K filed February 25, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1011-12312020.htm)] | | |

| [removed: 10.12*] [added: 10.12] | | | | | | [Equifax Inc. Director Deferred Compensation Plan, as amended through November 5, [removed: 2020.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1012-12312020.htm)] [added: 2020. (incorporated by reference to Exhibit 10.12 to Equifax’s Form 10-K filed February 25, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1012-12312020.htm)] | | |

| [removed: 10.13*] [added: 10.13] | | | | | | [Equifax Grantor Trust dated as of January 23, 2014, between Equifax Inc. and Principal Trust Company, Trustee, relating to supplemental deferred compensation and phantom stock [removed: benefits.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1013-12312020.htm)] [added: benefits (incorporated by reference to Exhibit 10.13 to Equifax’s Form 10-K filed February 25, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1013-12312020.htm)] | | |

| [removed: 10.14*] [added: 10.14] | | | | | | [Equifax Inc. Director and Executive Stock Deferral Plan, as amended and restated effective January 1, [removed: 2019.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1014-12312020.htm)] [added: 2019 (incorporated by reference to Exhibit 10.14 to Equifax’s Form 10-K filed February 25, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1014-12312020.htm)] | | |

| [removed: 10.15*] [added: 10.15] | | | | | | [Amendment No. 1 to Equifax Inc. Director and Executive Stock Deferral Plan, effective as of November 4, [removed: 2020.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1015-12312020.htm)] [added: 2020 (incorporated by reference to Exhibit 10.15 to Equifax’s Form 10-K filed February 25, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1015-12312020.htm)] | | |

| [removed: 10.16] [added: 10.17] | | | | | | [Equifax 2005 Executive Deferred Compensation Plan, as amended and restated effective January 1, 2015 (incorporated by reference to Exhibit 10.1 to Equifax’s Form 10-Q filed July 28, 2016).](http://www.sec.gov/Archives/edgar/data/33185/000003318516000053/exhibit101-6302016.htm) | | |

| [removed: 10.17] [added: 10.18] | | | | | | [Amendment No. 1 to Equifax 2005 Executive Deferred Compensation Plan, effective January 1, 2016 (incorporated by reference to Exhibit 10.2 to Equifax’s Form 10-Q filed July 28, 2016).](http://www.sec.gov/Archives/edgar/data/33185/000003318516000053/exhibit102-6302016.htm) | | |

| [removed: 10.18] [added: 10.19] | | | | | | [Amendment No. 2 to Equifax 2005 Executive Deferred Compensation plan, effective January 1, 2016 (incorporated by reference to Exhibit 10.27 to Equifax’s Form 10-K filed March 1, 2018).](http://www.sec.gov/Archives/edgar/data/33185/000003318518000011/exhibit1027-12312017.htm) | | |

| [removed: 10.19*] [added: 10.20] | | | | | | [Amendment No. 3 to Equifax 2005 Executive Deferred Compensation Plan, effective as of November 4, [removed: 2020.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1019-12312020.htm)] [added: 2020 (incorporated by reference to Exhibit 10.19 to Equifax’s Form 10-K filed February 25, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit1019-12312020.htm)] | | |

| [removed: 10.20] [added: 10.24] | | | | | | [Form of Non-Qualified Stock Option Award Agreement (Senior Leadership Team) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted [removed: in or after February] [added: in](http://www.sec.gov/Archives/edgar/data/33185/000003318517000015/exhibit104-20170331.htm) [February] 2017) (incorporated by reference to Exhibit 10.4 to Equifax’s Form 10-Q filed April 27, 2017).](http://www.sec.gov/Archives/edgar/data/33185/000003318517000015/exhibit104-20170331.htm) | | |

| [removed: 10.21] [added: 10.25] | | | | | | [Employment Agreement, dated March 27, 2018, between the Company and Mark W. Begor (incorporated by reference to Exhibit 10.1 to Equifax’s Form 8-K filed March 28, 2018).](http://www.sec.gov/Archives/edgar/data/33185/000119312518098631/d558281dex101.htm) | | |

| [removed: 10.22] [added: 10.26] | | | | | | [Letter Agreement, dated February 4, 2021, between the Company and Mark W. Begor (incorporated by reference to Exhibit 10.1 to Equifax’s Form 8-K filed February 9, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000119312521034362/d330076dex101.htm) | | |

| [removed: 10.23] [added: 10.27] | | | | | | [Form of Restricted Stock Unit Award Agreement (Senior Leadership Team) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted [removed: in or after March 2018)] [added: in](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit102-20180331.htm) [March 2018](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit102-20180331.htm) [to January 2021](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit102-20180331.htm)[)] (incorporated by reference to Exhibit 10.2 to Equifax’s Form 10-Q filed April 26, 2018).](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit102-20180331.htm) | | |

| [removed: 10.24] [added: 10.28] | | | | | | [Form of Non-Qualified Stock Option Award Agreement (Senior Leadership Team) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted [removed: in or after March 2018)] [added: in](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit103-20180331.htm) [March 2018](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit103-20180331.htm) [](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit103-20180331.htm)[to January 2021](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit102-20180331.htm)[)] (incorporated by reference to Exhibit 10.3 to Equifax’s Form 10-Q filed April 26, 2018).](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit103-20180331.htm) | | |

| [removed: 10.25] [added: 10.35] | | | | | | [Form of Performance Share Award Agreement (TSR) (Senior Leadership Team) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted [removed: in or after March 2018)] [added: in](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit104-20180331.htm) [March 2018](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit104-20180331.htm) [to January 2021](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit102-20180331.htm)[)] (incorporated by reference to Exhibit 10.4 to Equifax’s Form 10-Q filed April 26, 2018).](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit104-20180331.htm) | | |

| [removed: 10.26] [added: 10.36] | | | | | | [Equifax Inc. Change in Control Severance Plan (incorporated by reference to Exhibit 10.1 to Equifax’s Form 8-K filed February 27, [removed: 2019](http://www.sec.gov/Archives/edgar/data/33185/000119312519054368/d714711dex101.htm)[)](http://www.sec.gov/Archives/edgar/data/33185/000119312519054368/d714711dex101.htm)[.](http://www.sec.gov/Archives/edgar/data/33185/000119312519054368/d714711dex101.htm)] [added: 2019).](http://www.sec.gov/Archives/edgar/data/33185/000119312519054368/d714711dex101.htm)] | | |

| [removed: 10.27] [added: 10.37] | | | | | | [Equifax Inc. 2020 Employee Stock Purchase Plan (incorporated by reference to Annex B to Equifax's definitive proxy statement filed on March 27, 2020).](http://www.sec.gov/Archives/edgar/data/33185/000130817920000090/efx2020-def14a.htm#efx2020def14aa027) | | |

| [removed: 10.28] [added: 10.38] | | | | | | [Settlement Agreement and Release dated July 22, 2019 between the Company and the Settlement Class Representatives (as defined therein) (incorporated by reference to Exhibit 10.1 to Equifax’s Form 8-K filed July 22, 2019).](http://www.sec.gov/Archives/edgar/data/33185/000119312519198584/d734596dex101.htm) | | |

| [removed: 10.29] [added: 10.39] | | | | | | [Stipulated Order for Permanent Injunction and Monetary Judgment dated July 19, 2019 between the Company and the Federal Trade Commission (incorporated by reference to Exhibit 10.2 to Equifax’s Form 8-K filed July 22, 2019).](http://www.sec.gov/Archives/edgar/data/33185/000119312519198584/d734596dex102.htm) | | |

| [removed: 10.30] [added: 10.40] | | | | | | [Stipulated Order for Permanent Injunction and Monetary Judgment dated July 19, 2019 between the Company and the Bureau of Consumer Financial Protection (incorporated by reference to Exhibit 10.3 to Equifax’s Form 8-K filed July 22, 2019).](http://www.sec.gov/Archives/edgar/data/33185/000119312519198584/d734596dex103.htm) | | |

| [removed: 10.31] [added: 10.41] | | | | | | [Final Judgment and Consent Decree dated July 19, 2019 between the Company and the State of Alabama, with a schedule of the additional jurisdictions in which such agreement (consent decrees) have been approved that are substantially identical in all material respects (incorporated by reference to Exhibit 10.4 to Equifax’s Form 8-K filed July 22, 2019).](http://www.sec.gov/Archives/edgar/data/33185/000119312519198584/d734596dex104.htm) | | |

| [removed: 18.1*] [added: 23.1*] | | | | | | [removed: [Preferability Letter from] [added: [Consent of] Independent Registered Public Accounting [removed: Firm](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit181-12312020.htm)] [added: Firm.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit231consent-12312021.htm)] | | |

| 21.1* | | | | | | [Subsidiaries of Equifax [removed: Inc.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit211-12312020.htm)] [added: Inc.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit211-12312021.htm)] | | |

| 24.1* | | | | | | [Powers of Attorney (included on signature [removed: page).](#i523af29ce06d4991886e8b12ffaf779b_238)] [added: page).](#ia0614cd3b4cf452388c8b0ff49fe6a50_226)] | | |

| 31.1* | | | | | | [Rule 13a-14(a) Certification of Chief Executive [removed: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit311-12312020.htm)] [added: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit311-12312021.htm)] | | |

| 31.2* | | | | | | [Rule 13a-14(a) Certification of Chief Financial [removed: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit312-12312020.htm)] [added: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit312-12312021.htm)] | | |

| 32.1* | | | | | | [Section 1350 Certification of Chief Executive [removed: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit321-12312020.htm)] [added: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit321-12312021.htm)] | | |

| 4.14 | | | | | | [Ninth Supplemental Indenture, dated as of August 13, 2021, between Equifax Inc. and the Trustee, including the form of Note as Exhibit A (incorporated by reference to Exhibit 4.1 to Equifax’s Form 8-K filed August 16, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000119312521247741/d218347dex41.htm) | | |

| 4.15 | | | | | | [Credit Agreement, dated as of August 25, 2021, by and among Equifax Inc., Equifax Limited, Equifax Canada Co., Equifax International Treasury Services Unlimited Company and Equifax Australia Holdings Pty Limited, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (incorporated by reference to Exhibit 10.1 to Equifax’s Form 8-K filed August 31, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000119312521262096/d220137dex101.htm) | | |

| 4.16 | | | | | | [Term Loan Credit Agreement, dated as of August 25, 2021, by and between Equifax Inc., JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (incorporated by reference to Exhibit 10.2 to Equifax’s Form 8-K filed August 31, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000119312521262096/d220137dex102.htm) | | |

| 10.16* | | | | | | [Amendment No. 2 to Equifax Inc. Director and Executive Stock Deferral Plan, effective as of December 2, 2021.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit1016-12312021.htm) | | |

| 10.21 | | | | | | [Amendment No. 4 to Equifax 2005 Executive Deferred Compensation Plan, effective as of May 5, 2021 (incorporated by reference to Exhibit 10.1 to Equifax’s Form 10-Q filed July 22, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000044/exhibit10120210630.htm) | | |

| 10.22 | | | | | | [Equifax Inc. Employee Deferred Compensation Plan (incorporated by reference to Exhibit 4.1 to Equifax’s Form S-8 filed November 24, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000119312521340322/d271761dex41.htm) | | |

| 10.23* | | | | | | [Equifax Inc. Board of Directors Deferred Compensation Plan.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit1023-12312021.htm) | | |

| 10.29 | | | | | | [Form of Restricted Stock Unit Award Agreement (CEO) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted in or after February 2021) (incorporated by reference to Exhibit 10.1 to Equifax’s Form 10-Q filed April 22, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000032/exhibit101-20210331.htm) | | |

| 10.30 | | | | | | [Form of Premium-Priced Stock Option Award Agreement (CEO) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted in or after February 2021) (incorporated by reference to Exhibit 10.2 to Equifax’s Form 10-Q filed April 22, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000032/exhibit102-20210331.htm) | | |

| 10.31 | | | | | | [Form of Performance Share Award Agreement (TSR) (CEO) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted in or after February 2021) (incorporated by reference to Exhibit 10.3 to Equifax’s Form 10-Q filed April 22, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000032/exhibit103-20210331.htm) | | |

| 10.32 | | | | | | [Form of Restricted Stock Unit Award Agreement (Senior Leadership Team) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted in or after February 2021) (incorporated by reference to Exhibit 10.4 to Equifax’s Form 10-Q filed April 22, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000032/exhibit104-20210331.htm) | | |

| 10.33 | | | | | | [Form of Non-Qualified Stock Option Award Agreement (Senior Leadership Team) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted in or after February 2021) (incorporated by reference to Exhibit 10.5 to Equifax’s Form 10-Q filed April 22, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000032/exhibit105-20210331.htm) | | |

| 10.34 | | | | | | [Form of Performance Share Award Agreement (TSR) (Senior Leadership Team) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted in or after February 2021) (incorporated by reference to Exhibit 10.6 to Equifax’s Form 10-Q filed April 22, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000003318521000032/exhibit106-20210331.htm) | | |

| 23.1* | | | | | | [Consent of Independent Registered Public Accounting Firm.](https://www.sec.gov/Archives/edgar/data/33185/000003318521000025/exhibit231consent-12312020.htm) | | |

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on February [removed: 25, 2021.][added: 24, 2022.]

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated on February [removed: 25, 2021.][added: 24, 2022.]

| [removed: *Corporate] [added: *Executive] Vice [removed: President and] [added: President,] Chief Financial [added: Officer and Chief Operations] Officer* | | | | | |

| /s/ Heather [added: H.] Wilson | | | | | |

| Heather [added: H.] Wilson | | | | | |

| Trade accounts receivable | | | | | | [removed: $] [added: $] | [removed: 11.2] [added: 11.2] | | | | | [removed: $] [added: $] | [removed: 6.3] [added: 6.3] | | | | | [removed: $] [added: $] | [removed: —] [added: —] | | | | | [removed: $] [added: $] | [removed: (4.6)] [added: (4.6)] | | | | | [removed: $] [added: $] | [removed: 12.9] [added: 12.9] | |