Equifax (EFX) 10-K risk factor changes: FY2022 vs FY2021

In the ordinary course of business, we collect, process, transmit and store sensitive data, including intellectual property, proprietary business information and [removed: personally identifiable] [added: personal] information of consumers, employees and strategic partners.

[removed: 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 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.

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

Our business has been and may continue to be negatively impacted by [added: health epidemics, pandemics and similar outbreaks, including] the COVID-19 pandemic.

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

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

We experienced significant revenue declines in several of our markets as a result of [removed: COVID-19.][added: COVID-19 and we may experience similar revenue declines as a result of future health epidemics, pandemics and similar outbreaks.]

We expect our technology transformation strategy, including our transition to cloud-based technologies, will significantly increase our efficiency, our [removed: productivity] [added: productivity,] and the 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.

This complex, multifaceted and extensive initiative is expensive and [added: has caused, and] may cause [removed: material] [added: in the future,] unanticipated problems and expenses.

[removed: 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 technologies, which could negatively impact our revenue.

Our transition and migration to cloud-based technologies may increase our risk of liability and cause us to incur significant technical, [removed: legal] [added: legal, regulatory] or other costs.

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

Any [removed: change] [added: weakening] in the U.S. mortgage market [removed: due to] [added: resulting in] a significant [removed: change] [added: reduction] in mortgage [removed: inquiries] [added: originations] could have a corresponding negative impact on revenue and operating profit for our business, primarily within the Workforce Solutions and USIS operating [removed: segments.]

Many of our material customer agreements can be terminated by the customer for convenience on [added: limited] advance written notice, which provides our customers with the opportunity to renegotiate their contracts with us or to award more business to our competitors.

The success of our new products and services will depend on several factors, including our ability to properly identify customer needs; innovate and develop new technologies, services and applications; successfully commercialize new technologies in a timely manner; produce and deliver our products in sufficient volumes on time; differentiate our offerings from competitor offerings; price our products competitively; anticipate our competitors’ development of new products, services or technological innovations; and control [removed: product quality in our product development process.]

Any [removed: acquisitions] [added: transaction] we do complete may not be on favorable terms, may involve greater-than-expected liabilities and expenses, potential impairments of tangible and intangible assets or significant write-offs and the expected benefits, [removed: synergies] [added: synergies, revenue] and growth from these initiatives may not materialize as planned.

If we experience another material cybersecurity incident, if public [added: or legislative] scrutiny and pressure related to government services we support turns negative or if we experience uptime issues or performance problems, our ability to maintain existing or acquire new government contracts may be substantially impacted.

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 [added: technologies.]

If we are not able to hire sufficient employees to support our [added: business, including our] technology transformation, or to train, motivate, retain and manage the employees we do hire, it could have a material adverse effect on our business operations or financial results.

Sales outside the U.S. comprised 22% of our total revenue in [removed: 2021.][added: 2022.]

As a result, our business is subject to various risks associated with doing business internationally and these risks may differ in each jurisdiction [added: where] we operate depending on the particular product or service we offer in the jurisdiction.

- geopolitical instability, including terrorism and war, including the [removed: evolving situation involving Ukraine and Russia;][added: Russia-Ukraine war;]

We earn revenue, pay expenses, own assets and incur liabilities in countries using currencies other than the U.S. dollar, including among others the British pound, the Australian dollar, the Canadian dollar, the Argentine peso, the Chilean peso, the Euro, the New Zealand dollar, the Costa Rican colon, the Singapore dollar, the Brazilian [removed: real, the Russian ruble] [added: real] and the Indian rupee.

The use of such hedging activities may not offset any or more than a portion of the adverse financial effects of unfavorable movements in foreign exchange rates over the limited time the hedges are [removed: in place.]

[removed: In addition to the monetary payments and consumer redress, we also agreed as] [added: As] part of the Consumer [removed: Settlement] [added: Settlement, we agreed] to implement certain business practice commitments related to consumer assistance and our information security program, including third party assessments of our program.

Examples of such new and evolving laws and regulations include amendments to the [removed: FCRA requiring the provision of free credit freezes to consumers,] [added: FCRA,] cybersecurity and other requirements promulgated by the [added: FTC and] New York Department of Financial Services, the CCPA which took effect on January 1, 2020, [added: and amendments to which took effect on January 1, 2023,] the California data broker registration requirements that took effect on January 31, 2020, [removed: and] the CPRA [removed: and VCDPA each] taking effect on January 1, [added: 2023 and privacy laws in Virginia, Colorado, Connecticut and Utah which have taken, or will take effect, in] 2023.

Furthermore, we expect there to be an increased focus on laws and regulations related to our business, including by the current U.S. presidential administration and the U.S. Congress, because of the growing policy concerns in the U.S. with regard to the operation of credit reporting agencies, [removed: as well as] the collection, use, accuracy, correction and sharing of personal [removed: information.][added: information, and the use of algorithms, artificial intelligence and machine learning in business processes.]

[removed: In Europe, although the GDPR already includes certain provisions relating to the automated processing] of personal data, there has also been discussion of new legislative proposals to regulate business use of artificial intelligence and machine learning technologies which, if enacted, could impose new legal requirements addressing among other issues, privacy, discrimination and human rights.

In the future, we may be subject to significant additional expenses related to compliance with applicable laws and regulations, including new laws and evolving interpretations that are difficult to predict, and to [removed: investigate, defend] [added: the investigation, defense] or remedy [added: of] actual or alleged violations.

In particular, legislative activity in the privacy area may result in new laws that are applicable to us and that may hinder our business, for example, by restricting use or sharing of consumer data, including for marketing or advertising or limiting the use of, [added: limiting our ability to provide certain consumer data to our customers,] or otherwise regulating artificial intelligence and machine learning, including the use of algorithms and automated processing in ways that could materially affect our business, or which may lead to significant increases in the cost of compliance.

- amendment, enactment or interpretation of laws and regulations that restrict the [removed: access] [added: access, sharing] and use of personal information and reduce the availability or effectiveness of our solutions or the supply of data available to customers;

This includes authority to issue regulations under federal consumer financial protection laws, such as under [added: the] FCRA and other laws applicable to us and our financial customers.

The CFPB conducts examinations and investigations, [added: issues requests for information] and [removed: may issue] subpoenas and [removed: bring] [added: brings] civil actions in federal court for violations of the federal consumer financial [removed: laws] [added: laws,] including [added: the] FCRA.

Although we have committed resources to enhancing our compliance programs, actions by the CFPB or other regulators against us could result in [added: financial or] reputational harm.

The FCRA contains an attorney fee shifting provision that provides an incentive for consumers to bring individual and class action lawsuits against a [removed: CRA] [added: credit reporting agency] for violation of the FCRA, and the number of consumer lawsuits (both individual and class action) against us alleging a violation of the FCRA and our resulting costs associated with resolving these lawsuits have increased substantially over the past several years.

[removed: In certain of our businesses we rely on third-party intellectual property] licenses and we cannot ensure that these licenses will be available to us in the future on favorable terms or at all.

The performance of the financial markets and interest rates impact our plan [removed: expenses] [added: expenses, expected returns,] and funding obligations.

Despite our substantial investment in physical and technological security

Moreover, we may experience issues with customer migration, as many of our customers may not

In 2023, we expect U.S. mortgage market originations to decline by approximately 30% compared to 2022.

segments.

product quality in our product development process.

Our reputation and/or business could be negatively impacted by ESG matters and/or our reporting of such matters.

There is an increasing focus from regulators, certain investors, and other stakeholders concerning environmental, social and governance ("ESG") matters, both in the United States and internationally.

We communicate certain ESG-related initiatives, goals, and/or commitments regarding environmental matters, diversity, responsible sourcing and social investments, and other matters, on our website, in our filings with the SEC, and elsewhere.

These initiatives, goals, or commitments could be difficult to achieve and costly to implement.

For example, in 2021, we announced our commitment to reach net-zero greenhouse gas emissions by 2040, the achievement of which relies, in large part, on the accuracy of our estimates and assumptions around the availability and cost of low- or non-carbon based energy sources and technologies, the availability of suppliers that can meet our sustainability and other standards, and other factors.

We could fail to achieve, or be perceived to fail to achieve, our net zero 2040 commitment or other ESG-related initiatives, goals or commitments.

In addition, we could be criticized for the timing, scope or nature of these initiatives, goals or commitments, or for any revisions to them.

To the extent that our required and voluntary disclosures about ESG matters increase, we could be criticized for the accuracy, adequacy or completeness of such disclosures.

Our actual or perceived failure to achieve our ESG-related initiatives, goals or commitments could negatively impact our reputation or otherwise materially harm our business.

Our customers' decisioning may be adversely affected if we provide inaccurate or unreliable data, which could adversely affect our financial condition, cause loss of customer trust and contribute to non-compliance with certain laws and regulations.

Data accuracy is an essential component of data quality and is the foundation of our business model.

Accurate data increases predictive ability and improves confidence in decisions for our customers.

Inaccurate or unreliable data could adversely affect customer decisioning and poses reputational, compliance and financial risk to our company.

Although we have developed internal processes and controls to maintain and continually improve data accuracy, these processes and controls cannot ensure absolute accuracy and the complexity of our technology transformation may introduce additional risk until it is completed.

We have experienced data accuracy issues, including errors in connection with our technology transformation.

To date, none of these issues have had a material impact on our operations or financial results.

However, any future data accuracy issues arising during the technology transformation or otherwise could have a material adverse effect on our business or results of operations, including through the incurrence of additional costs or the loss of customers and harm to our reputation.

in place.

The Consumer Settlement became effective on January 11, 2022.

In Europe, although the GDPR already includes certain provisions relating to the automated processing

In certain of our businesses we rely on third-party intellectual property

A downgrade in our credit ratings could increase our cost of borrowing under our credit facilities and have an adverse effect on our ability to access the capital markets.

Credit ratings reflect an independent agency’s judgment on the likelihood that a borrower will repay a debt obligation at maturity.

The ratings reflect many considerations, such as the nature of the borrower’s industry and its competitive position, the size of the company, its liquidity and access to capital and the sensitivity of a company’s cash flows to changes in the economy.

A security rating is not a recommendation to buy, sell or hold securities and may be changed or withdrawn at any time by the assigning rating agency.

A downgrade in our credit ratings would increase the cost of borrowings under our commercial paper program, $1.5 billion revolving credit facility and $700.0 million delayed draw term loan, and could limit or, in the case of a significant downgrade, preclude our ability to issue commercial paper.

If our credit ratings were to decline to lower levels, we could experience increases in the interest cost for any new debt.

In addition, the market’s demand for, and thus our ability to readily issue, new debt could become further affected by the economic and credit market environment.

We expect that the negative impacts of the COVID-19 pandemic on our operating revenue will continue until health and economic conditions improve.

We continue to work with our stakeholders (including customers, employees, consumers, suppliers, business partners and local communities) to responsibly address this global pandemic.

We will continue to monitor the situation and assess possible implications to our business and our stakeholders and will take appropriate actions in an effort to mitigate adverse consequences.

We cannot assure you that we will be successful in any such mitigation efforts.

The extent to which the 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 pandemic, the emergence of new 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.

Further deteriorations in economic conditions, as a result of the COVID-19 pandemic or otherwise, could lead to a further or prolonged decline in demand for our products and services and negatively impact our business.

It may also impact financial markets and corporate credit markets which could adversely impact our access to financing or the terms of any such financing.

We cannot at this time predict the extent of the impact of the COVID-19 pandemic and its resulting economic impact, but it could have a material adverse effect on our business, financial position, results of operations and cash flows.

To the extent the COVID-19 pandemic adversely affects our business and financial results, it may also have the effect of heightening many of the other risks described in this “Item 1A.

Risk Factors” and elsewhere in this Annual Report on Form 10-K, such as our need to generate sufficient cash flows to service our indebtedness and our ability to protect our information technology networks and infrastructure from unauthorized access, misuse, malware, phishing and other events that could have a security impact as a result of our remote working environment or otherwise.

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

technologies.

On January 13, 2020, the U.S. District Court for the Northern District of Georgia (the “MDL Court”) entered an order granting final approval of the settlement in connection with the U.S. Consumer MDL Litigation, from which several objectors appealed.

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 2012, credit reporting companies like us became subject to a federal supervision program for the first time under the CFPB’s authority to supervise and examine certain non-depository institutions that are “larger participants” of the consumer credit reporting market.

This section discusses the results of our operations for the year ended December 31, [removed: 2021] [added: 2022] compared to the year ended December 31, [removed: 2020] [added: 2021] and the year ended December 31, [removed: 2020] [added: 2021] compared to the year ended December 31, [removed: 2019.][added: 2020.]

We are a leading provider of [added: e-commerce fraud and charge back protection services in North America as well as] information and solutions used in payroll-related and human resource management business process services in the 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 currently operate in four global regions: North America (U.S. and Canada), Asia Pacific (Australia, New Zealand and India), Europe (the United [removed: Kingdom, or U.K.,] [added: Kingdom (“U.K.”),] Spain and Portugal) and Latin America (Argentina, Chile, Costa Rica, [added: Dominican Republic,] Ecuador, El Salvador, Honduras, Mexico, Paraguay, Peru and Uruguay).

We also [removed: offer 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, Malaysia and Singapore and have an investment in a consumer and commercial credit information company in Brazil.

As further described above, we operate in the U.S., which represented 78% of our revenue in [removed: 2021,] [added: 2022,] and internationally in [removed: 23] [added: 24] countries.

Our products and services span a wide variety of vertical markets including financial services, mortgage, [added: talent solutions,] federal, state and local governments, automotive, [removed: telecommunications] [added: telecommunications, e-commerce] and many others.

Demand for our services tends to be correlated to general levels of economic activity and to consumer credit activity, small commercial credit and marketing [removed: activity] [added: activity, identity] and [added: fraud, and] employee hiring and onboarding activity.

[removed: In the U.S., 2022] [added: For 2023, our planning assumes that U.S.] economic activity, as measured by GDP, is expected to grow but [removed: not] at [removed: the same] [added: a slower] rate of growth [added: than] experienced in [removed: 2021.][added: 2022.]

Our plan assumes the U.S. mortgage [removed: market] [added: market,] as measured by [removed: credit inquiries] [added: originations,] is expected to decline by [removed: greater than 20 percent] [added: about 30%] in [removed: 2022] [added: 2023] versus [removed: 2021.][added: 2022.]

Verification Services revenue is transaction-based and is derived primarily from employment and income [removed: verification.][added: verification, as well as criminal justice data.]

Financial Marketing Services revenue is principally project and subscription based and is derived from our sales of batch [removed: credit] [added: credit, identity] and consumer wealth information such as those that assist clients in acquiring new customers, cross-selling to existing customers and managing portfolio risk.

Geographic Information. We currently have operations in the following countries: Argentina, Australia, Canada, Chile, Costa Rica, [added: Dominican Republic,] 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 [removed: offer 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, Malaysia and Singapore and have an investment in a consumer and commercial credit information company in Brazil.

[added: Approximately] 78% [removed: and 77%] of our revenue was generated in the U.S. during [added: both] the twelve months ended December 31, [removed: 2021] [added: 2022] and [removed: 2020, respectively.][added: 2021.]

Key performance indicators for the twelve months ended December 31, [removed: 2021, 2020] [added: 2022, 2021] and [removed: 2019] [added: 2020] include the following:

| | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2019] [added: 2020] | | |

| Operating revenue | | | $ | [removed: 4,923.9] [added: 5,122.2] | | | | | $ | [removed: 4,127.5] [added: 4,923.9] | | | | | $ | [removed: 3,507.6] [added: 4,127.5] | |

| Operating revenue change | | | [removed: 19] [added: 4] | | % | | | | [removed: 18] [added: 19] | | % | | | | [removed: 3] [added: 18] | | % |

| Operating income [removed: (loss)] | | | $ | [removed: 1,138.0] [added: 1,056.0] | | | | | $ | [removed: 676.6] [added: 1,138.0] | | | | | $ | [removed: (335.4)] [added: 676.6] | |

| Operating margin | | | [removed: 23.1] [added: 20.6] | | % | | | | [removed: 16.4] [added: 23.1] | | % | | | | [removed: (9.6)] [added: 16.4] | | % |

| Net income [removed: (loss)] attributable to Equifax | | | $ | [removed: 744.2] [added: 696.2] | | | | | $ | [removed: 520.1] [added: 744.2] | | | | | $ | [removed: (384.1)] [added: 520.1] | |

| Diluted earnings per share | | | $ | [removed: 6.02] [added: 5.65] | | | | | $ | [removed: 4.24] [added: 6.02] | | | | | $ | [removed: (3.15)] [added: 4.24] | |

| Cash provided by operating activities | | | $ | [removed: 1,334.8] [added: 757.1] | | | | | $ | [removed: 946.2] [added: 1,334.8] | | | | | $ | [removed: 313.8] [added: 946.2] | |

| Capital expenditures* | | | $ | [removed: (490.5)] [added: (617.4)] | | | | | $ | [removed: (430.7)] [added: (490.5)] | | | | | $ | [removed: (375.9)] [added: (430.7)] | |

TWELVE MONTHS ENDED DECEMBER 31, [removed: 2021, 2020] [added: 2022, 2021] AND [removed: 2019][added: 2020]

| | | | | | | | | | | | | | | | | | | | | | | | | [removed: 2021] [added: 2022] vs. [removed: 2020] [added: 2021] | | | | | | | | | | | | [removed: 2020] [added: 2021] vs. [removed: 2019] [added: 2020] | | | | | | | | |

| Operating Revenue | | | | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2019] [added: 2020] | | | | | | $ | | | | | | % | | | | | | $ | | | | | | % | | |

| Workforce Solutions | | | | | | $ | [removed: 2,035.4] [added: 2,325.4] | | | | | $ | [removed: 1,461.7] [added: 2,035.4] | | | | | $ | [removed: 971.1] [added: 1,461.7] | | | | | $ | [removed: 573.7] [added: 290.0] | | | | | [removed: 39] [added: 14] | | % | | | | $ | [removed: 490.6] [added: 573.7] | | | | | [removed: 51] [added: 39] | | % |

| U.S. Information Solutions | | | | | | [removed: 1,786.7] [added: 1,657.7] | | | | | | [removed: 1,711.2] [added: 1,786.7] | | | | | | [removed: 1,531.2] [added: 1,711.2] | | | | | | [removed: 75.5] [added: (129.0)] | | | | | | [removed: 4] [added: (7)] | | % | | | | [removed: 180.0] [added: 75.5] | | | | | | [removed: 12] [added: 4] | | % |

| International | | | | | | [removed: 1,101.8] [added: 1,139.1] | | | | | | [removed: 954.6] [added: 1,101.8] | | | | | | [removed: 1,005.3] [added: 954.6] | | | | | | [removed: 147.2] [added: 37.3] | | | | | | [removed: 15] [added: 3] | | % | | | | [removed: (50.7)] [added: 147.2] | | | | | | [removed: (5)] [added: 15] | | % |

| Consolidated operating revenue | | | | | | $ | [removed: 4,923.9] [added: 5,122.2] | | | | | $ | [removed: 4,127.5] [added: 4,923.9] | | | | | $ | [removed: 3,507.6] [added: 4,127.5] | | | | | $ | [removed: 796.4] [added: 198.3] | | | | | [removed: 19] [added: 4] | | % | | | | $ | [removed: 619.9] [added: 796.4] | | | | | [removed: 18] [added: 19] | | % |

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 [removed: non-][added: non-mortgage related revenue in the USIS segment.]

The effect of foreign exchange rates [removed: increased] [added: reduced] revenue by $50.4 million, or 1%, in 2021 compared to 2020.

Revenue for [removed: 2020] [added: 2022] increased by [removed: 18%] [added: 4%] compared to [removed: 2019.][added: 2021.]

The effect of foreign exchange rates [removed: reduced] [added: decreased] revenue by [removed: $24.5] [added: $94.9] million, or [removed: 1%,] [added: 2%,] in [removed: 2020] [added: 2022] compared to [removed: 2019.][added: 2021.]

| Operating Expenses | | | | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2019] [added: 2020] | | | | | | $ | | | | | | % | | | | | | $ | | | | | | % | | |

| Consolidated cost of services | | | | | | $ | [removed: 1,980.9] [added: 2,177.2] | | | | | $ | [removed: 1,737.4] [added: 1,980.9] | | | | | $ | [removed: 1,521.7] [added: 1,737.4] | | | | | $ | [removed: 243.5] [added: 196.3] | | | | | [removed: 14] [added: 10] | | % | | | | $ | [removed: 215.7] [added: 243.5] | | | | | 14 | | % |

| Consolidated selling, general and administrative expenses | | | | | | [removed: 1,324.6] [added: 1,328.9] | | | | | | [removed: 1,322.5] [added: 1,324.6] | | | | | | [removed: 1,990.2] [added: 1,322.5] | | | | | | [removed: 2.1] [added: 4.3] | | | | | | — | | % | | | | [removed: (667.7)] [added: 2.1] | | | | | | [removed: (34)] [added: —] | | % |

| Consolidated depreciation and amortization expense | | | | | | [removed: 480.4] [added: 560.1] | | | | | | [removed: 391.0] [added: 480.4] | | | | | | [removed: 331.1] [added: 391.0] | | | | | | [removed: 89.4] [added: 79.7] | | | | | | [removed: 23] [added: 17] | | % | | | | [removed: 59.9] [added: 89.4] | | | | | | [removed: 18] [added: 23] | | % |

| Consolidated operating expenses | | | | | | $ | [removed: 3,785.9] [added: 4,066.2] | | | | | $ | [removed: 3,450.9] [added: 3,785.9] | | | | | $ | [removed: 3,843.0] [added: 3,450.9] | | | | | $ | [removed: 335.0] [added: 280.3] | | | | | [removed: 10] [added: 7] | | % | | | | $ | [removed: (392.1)] [added: 335.0] | | | | | [removed: (10)] [added: 10] | | % |

[removed: Cost of Services.] Cost of services increased $243.5 million in 2021 compared to 2020.

We previously had a joint venture in Russia that offered consumer credit services; however, during the third quarter of 2022, we completed the sale of this equity method investment.

In the International markets in which we operate, in particular in Australia, the U.K. and Canada, our planning also assumes economic activity, as measured by GDP, to grow in 2023 but at slower rates than in 2022.

The slowdown in economic activity in the U.K. is expected to be more significant than in Australia or Canada.

These include services that assist employers 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 screening, employee onboarding, tax credits and incentives, I-9 management and compliance, immigration case management, tax form management services and Affordable Care Act management services.

Workforce Solutions has established operations in Canada, Australia and most recently in the U.K.

USIS operates in the United States.

We previously had a joint venture in Russia that offered consumer credit services; however, during the third quarter of 2022, we completed the sale of this equity method investment.

Although in recent years activity has been directly related to changes in interest rates, and this trend has been less observed.

The increase was primarily due to growth in Workforce Solutions and International, partially offset by a decline in USIS.

The significant decline in U.S. mortgage originations negatively impacted the growth in Workforce Solutions and caused the decline in USIS revenue.

| | | | | | | | | | | | | | | | | | | | | | | | | 2022 vs. 2021 | | | | | | | | | | | | 2021 vs. 2020 | | | | | | | | |

The increase is due to higher royalty costs, production costs, which include third party cloud usage fees, and people costs.

The increase in 2022 is primarily driven by companies acquired in 2022 and 2021, with the total increase in expenses partially offset by a decrease in incentive plan costs.

The impact of changes in foreign currency exchange rates led to a decrease in depreciation and amortization expense of $11.6 million and an increase of $10.6 million in 2022 and 2021, respectively.

| Consolidated operating revenue | | | | | | $ | 5,122.2 | | | | | $ | 4,923.9 | | | | | $ | 4,127.5 | | | | | $ | 198.3 | | | | | 4 | | % | | | | $ | 796.4 | | | | | 19 | | % |

The margin decrease was due to the aforementioned increased operating expenses and amortization expense that outpaced revenue growth during the period.

| | | | | | | | | | | | | | | | | | | | | | | | | 2022 vs. 2021 | | | | | | | | | | | | 2021 vs. 2020 | | | | | | | | |

Interest expense increased in 2022, when compared to 2021, due to a higher weighted average outstanding amount of debt and higher interest costs attributable to debt agreements entered into during 2022.

The increase in other income (expense), net in 2022 is driven by changes in our fair value adjustments of our investments, gains on the sale of multiple equity investments and mark-to-market adjustments for our pension assets.

We recorded a $13.3 million gain on the fair value adjustment of our Brazil investment in 2022, compared to a $64.0 million loss in 2021.

During 2022, we recorded a gain of $19.1 million as a result of the sale of multiple equity investments, including the sale of our equity method investment in Russia during the third quarter of 2022.

For 2022 and 2021, we recorded a $1.4 million gain and $20.2 million loss, respectively, on the mark-to-market adjustment of our pension plan assets.

| | | | | | | | | | | | | | | | | | | | | | | | | 2022 vs. 2021 | | | | | | | | | | | | 2021 vs. 2020 | | | | | | | | |

Our effective tax rate is higher for the year ended December 31, 2022 compared to 2021 due to a higher foreign rate differential, primarily due to the changes in the fair value of our investment in Brazil.

| | | | | | | | | | | | | | | | | | | | | | | | | 2022 vs. 2021 | | | | | | | | | | | | 2021 vs. 2020 | | | | | | | | |

Consolidated net income decreased by $48.3 million in 2022 compared to 2021 due to a decrease in operating income and an increase income tax expense, partially offset by the increase in other income, net.

| | | | | | | | | | | | | | | | | | | | | | | | | 2022 vs. 2021 | | | | | | | | | | | | 2021 vs. 2020 | | | | | | | | |

Verification Services. Revenue increased 16% in 2022 compared to 2021.

The increase in revenue was due to growth in government, talent solutions, and consumer finance verticals, along with growth from the full year impact of the Insights

acquisition, offset by a decline in the mortgage vertical due to significantly slower U.S. mortgage origination activity in 2022 due to higher interest rates.

Employer Services. Revenue increased 7% in 2022, compared to 2021 due to growth in employee services, partially offset by a decrease in unemployment claims management revenue as the number of unemployment claims returned to pre-COVID-19 levels in 2022 after having been significantly higher in 2021 due to the economic impact of COVID-19 on the U.S. economy.

Employer Services also benefited from acquisition revenue in 2022.

Workforce Solutions Operating Margin. Operating margin decreased to 43.3% in 2022 compared to 49.2% in 2021 due to increased royalty costs, people costs, purchased intangible asset amortization and production costs, which altogether grew faster than the increase in revenue.

| | | | 2022 | | | | | | 2021 | | | | | | 2020 | | | | | | $ | | | | | | % | | | | | | $ | | | | | | % | | | | | |

U.S. Information Solutions revenue decreased 7% in 2022 compared to 2021 due to the negative impact of declining mortgage inquiry volumes on both online services and mortgage solutions, as well as a decline in marketing solutions, partially offset by growth in non-mortgage online services and acquisition-related revenue.

The decline in mortgage related online revenue and mortgage solutions revenue in 2022 is due to declining mortgage credit inquiry volumes caused by declines in mortgage industry originations reflecting higher interest rates during 2022.

Online Information Solutions. Revenue for 2022 decreased 4% compared to 2021, due to declining mortgage inquiry volumes compared to the prior year, partially offset by continued growth of non-mortgage online services and revenue from acquisitions.

Financial Marketing Services. Revenue decreased 9% in 2022 compared to 2021, driven by lower fraud, risk management and other data services revenue.

U.S. Information Solutions Operating Margin. USIS operating margin decreased to 24.3% in 2022 compared to 30.9% in 2021, due to the decrease in revenue and increases in depreciation expense related to increased capitalized software development spending and cloud production costs, partially offset by lower production costs.

| | | | | | | | | | | | | | | | | | | | | | | | | 2022 vs. 2021 | | | | | | | | | | | | 2021 vs. 2020 | | | | | | | | |

In March 2020, the World Health Organization designated the novel coronavirus disease (“COVID-19”) as a global pandemic.

During 2020 and 2021, we followed applicable requirements and protocols published by the U.S. Centers for Disease Control, the World Health Organization, and federal, state and local governments.

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.

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

The impact of COVID-19 pandemic remains uncertain and may affect certain markets or regions we serve differently.

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

During 2020, overall revenue grew reflecting strong U.S. mortgage market demand in 2020 compared to 2019 and growth across our Workforce Solutions business.

The impact on the operating results in each country in which we operate differed based on the conditions and the

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.

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

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 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 unclear.

For more information, see “Item 1A.

Risk Factors—*Our business has been and may continue to be negatively impacted by the COVID-19 pandemic,*” in this Form 10-K.

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.

These services include unemployment claims management, employment-based tax credit services and other complementary employment-based transaction services.

Approximately

mortgage related revenue in the USIS segment.

The growth was driven by our Workforce Solutions and USIS segments, primarily due to strong U.S. mortgage volume benefiting both Workforce Solutions and USIS, as well as in Workforce Solutions 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 the International segment due to the economic impact of the COVID-19 pandemic.

The increase is due to increased royalty and production costs, as well as incremental technology and data security costs related to our ongoing technology transformation.

The decrease in 2020 is primarily due to losses, net of insurance recoveries, of $800.9 million associated with certain legal proceedings and government investigations related to the 2017 cybersecurity incident that were recorded in 2019 but did not recur in 2020, partially offset by increased people costs and a restructuring charge taken in the fourth quarter of 2020.

Total company operating margin increased in 2020 versus 2019, primarily due to increased revenue in 2020 and losses, net of insurance recoveries in 2019, of $800.9 million associated with certain legal proceedings and government investigations related to the 2017 cybersecurity incident which are reflected in selling, general, and administrative expenses in our Consolidated Statements of Income (Loss), that did not recur in 2020.

Interest expense increased in 2020, when compared to 2019, due to the issuance of $1.0 billion in senior notes in April 2020 and $750.0 million senior notes issued in November 2019.

This increase was partially offset by interest related to outstanding commercial paper and Receivables Funding Facility balances in 2019.

The increase in other income, net in 2020 is primarily due to gains recorded related to the fair value adjustment of our investment in Brazil of $116.6 million due to its initial public offering in the third quarter of 2020, as well as the $32.9 million gain recorded related to a fair value adjustment of the equity investment in India, for which we completed the acquisition of the remaining shareholder interest in the first quarter of 2020.

This was partially offset by the $32.2 million mark-to-market fair value adjustment of pension assets which resulted in a loss during the fourth quarter of 2020.

Our effective tax rate was higher for the year ended December 31, 2020 compared to 2019 due to the operating loss of the Company in 2019 and permanent tax differences resulting from certain non-deductible amounts related to the accrual for losses associated with certain legal proceedings and government investigations related to the 2017 cybersecurity incident.

Consolidated net income (loss) increased by $904.3 million in 2020 compared to 2019 due to increased revenue, the 2019 accrual for losses associated with certain legal proceedings and investigations related to the 2017 cybersecurity incident that did not recur in 2020 and an increase in Other Income resulting from the fair value adjustments of the Brazil and India investments.

The current year increase is partially offset by higher tax expense, people costs, royalty costs, technology costs, depreciation of capitalized projects and interest expense.

Verification Services growth was due to strong growth in mortgage related revenue.

Employer Services growth was due to growth in unemployment claims management revenue.

Revenue increased 58% in 2020 compared to 2019, due to strong growth in the mortgage vertical.

For the year ended December 31, [removed: 2020,] [added: 2022,] a 10% weaker U.S. dollar against the currencies of all foreign countries in which we had operations during [removed: 2020] [added: 2022] would have increased our revenue by [removed: $92.9] [added: $105.8] million and our pre-tax operating profit by [removed: $8.6] [added: $8.2] million.

A 10% stronger U.S. dollar would have resulted in similar decreases to our revenue and pre-tax operating profit for [removed: 2021] [added: 2022] and [removed: 2020.][added: 2021.]

On average across our mix of international businesses, foreign currencies at December 31, [removed: 2021] [added: 2022] were weaker against the U.S. dollar than the average foreign exchange rates that prevailed across the full year [removed: 2020.][added: 2021.]

As a result, if foreign exchange rates were unchanged throughout [removed: 2021,] [added: 2022,] foreign exchange translation would [removed: reduce] [added: increase] 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: 2022,] [added: 2023,] and rates could go either higher or lower.

At December 31, [removed: 2021,] [added: 2022,] our weighted average cost of debt was 3.2% and weighted-average life of debt was [removed: 5.4] [added: 4.7] years.

At December 31, [removed: 2021, 81%] [added: 2022, 78%] of our debt was fixed rate and the remaining [removed: 19%] [added: 22%] was variable rate.

[removed: Occasionally] [added: Occasionally,] we use derivatives to manage our exposure to changes in interest rates by entering into interest rate swaps.

A 100 basis point increase in the weighted-average interest rate on our variable-rate debt would have increased our [removed: 2021] [added: 2022] interest expense by [removed: $10.2] [added: $12.7] million.

We are a leading provider of [added: e-commerce fraud and charge back protection services in North America as well as] information and solutions used in payroll-related and human resource management business process services in the United States of America (“U.S.”).

We currently operate in four global regions: North America (U.S. and Canada), Asia Pacific (Australia, New Zealand and India), Europe (the United Kingdom (“U.K.”), Spain and Portugal) and Latin America (Argentina, Chile, Costa Rica, [added: Dominican Republic,] Ecuador, El Salvador, Honduras, Mexico, Paraguay, Peru and Uruguay).

We also [removed: offer 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, Malaysia and Singapore and have an investment in a consumer and commercial credit information company in Brazil.

- Workforce Solutions *—* provides services enabling customers to verify income, employment, educational history, criminal [removed: history,] [added: justice data,] healthcare professional licensure and sanctions [removed: (Verification Services)] of people in the [removed: U.S.,] [added: U.S. (Verification Services),] 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 screening, employee onboarding, tax credits and incentives, I-9 management and compliance, [added: immigration case management,] tax form management services and Affordable Care Act management services (Employer Services).

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

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

In addition, we [removed: 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 [removed: Russia,] Cambodia, Malaysia and Singapore and investment in a consumer and commercial credit information company in Brazil.

Our vision is to be a trusted global leader in data, [removed: advanced] analytics and technology that creates innovative solutions and insights for our customers.

Based on our cloud native data and technology transformation, we are investing to simplify our customers’ access to our leading analytical [added: and decisioning] 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, [removed: M&A] [added: business acquisitions] and partnerships.

- Execute strategic acquisitions that expand our [added: data portfolio and] 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.

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 across the services we provide [removed: in Workforce Solutions] and to expand our access to differentiated data including across identity authentication, fraud mitigation and risk management.

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

[added: We make 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 entrusted.

We are focused on providing meaningful opportunities for career advancement and development, fostering an inclusive work [removed: environment, and promoting employee engagement and recognition.]

Our products and services serve clients across a wide range of verticals, including [added: mortgage,] financial services, [removed: mortgage,] [added: employers,] government (state, federal and local), [removed: employers, consumer,] [added: automotive,] commercial, [added: identity and fraud, consumer, resellers, healthcare,] telecommunications, [removed: retail, automotive, utilities, brokerage, healthcare] [added: retail] and insurance.

[removed: ][added: ]

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

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

In addition, we market our products directly to consumers through [removed: eCommerce] [added: e-commerce] channels.

Revenue from international clients, including end users and resellers, amounted to 22% of our total revenue in [removed: 2021, 23%] [added: 2022, 22%] of our total revenue in [removed: 2020] [added: 2021] and [removed: 29%] [added: 23%] of our total revenue in [removed: 2019.][added: 2020.]

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

For the operating revenue, operating income and total assets for each [removed: segment] [added: segment,] see Note 13 of the Notes to the Consolidated Financial Statements in Item 8 of this report.

Employer Services. These services are aimed at reducing the cost of the human resources function of businesses through a broad suite of [removed: services] [added: services,] including assisting with employment tax matters designed to reduce the cost of unemployment claims through effective claims representation and management and efficient processing to better manage the tax rate that employers are assessed for unemployment taxes; comprehensive services designed to research the availability of employment-related tax credits (e.g., federal work opportunity tax credits and employee retention credits), and to process the necessary filings and assist the client in obtaining the tax credit; tax form management services (which include initial distribution, reissuance and correction of W-2 and 1095-C forms); paperless pay services that enable employees to electronically receive pay statement information as well as review and change direct deposit account or W-4 information; I-9 management services designed to help clients electronically comply with the immigration laws that require employers to complete an I-9 form for each new hire; [added: immigration case management services;] onboarding services using an online platform to complete the new hire process for employees of corporations and government agencies; and identity theft protection services.

The Work Number® is our key repository of employment and income data serving our Verification Services [removed: and Employer Services] business [removed: units.][added: unit.]

We rely on payroll data received from over two million organizations to regularly update the [added: database.]

[removed: We have not experienced significant turnover in the employer contributors to the database because we generally do not charge them to add] their employment data to The Work Number® [removed: database] [added: database,] and the verification service we offer relieves them of the administrative burden and expense of responding to third-party employment verification requests while providing them with the assurance that the process is automated and not subject to human interpretation.

The Work Number® database held over [removed: 535] [added: 600] million current and historic employment records at December 31, [removed: 2021.][added: 2022.]

Workforce Solutions has established an income and employment verification service in [removed: Canada and] [added: Canada,] Australia, [added: and the U.K.,] known as Verification Exchange.

[removed: Workforce Solutions is in the process of building a similar income and employment verification service business in the U.K.] At present, revenues from these services in all three regions mentioned are insignificant.

[added: Additionally, we offer services designed to alert lenders to changes in] a consumer’s credit status during the underwriting period and securitized portfolio risk assessment services for evaluating inherent portfolio risk.

Financial Marketing Services. Our Financial Marketing Services products utilize consumer and commercial financial information enabling our clients to more effectively manage their marketing efforts, including targeting and segmentation, to identify and acquire new clients for their products and services; to develop portfolio strategies to minimize risk and maximize profitability; and to realize additional revenue from existing customers through more effective cross-selling of additional [removed: products and services.]

These data assets broaden the understanding of consumer and business financial potential and [removed: opportunity] [added: opportunity,] which can further drive high value decisioning and targeting solutions for our clients.

This operating segment’s products and services generate revenue in Argentina, Australia, Canada, Chile, Costa Rica, Ecuador, El Salvador, Honduras, [added: Dominican Republic,] India, Mexico, New Zealand, Paraguay, Peru, Portugal, Spain, the U.K. and Uruguay.

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

The countries in which we operate include Australia, New Zealand and India, as well as [removed: through joint ventures in Russia,] Cambodia, Malaysia and [removed: Singapore.][added: Singapore through joint ventures.]

[added: The] countries in this region in which we operate include Argentina, Chile, Costa Rica, [added: Dominican Republic,] Ecuador, El Salvador, Honduras, Mexico, Paraguay, Peru and Uruguay.

We offer many products in Canada, including credit reporting and scoring, consumer and commercial marketing, risk management, fraud detection and modeling services, identity management and authentication services, together with certain of our decisioning products that facilitate pre-approved offers of credit and [removed: automate a variety of credit decisions.]

- Competition for our debt collection and recovery management software, services and analytics is [removed: similar to the competition for our consumer credit information solutions.][added: spread across a number of providers.]

We previously had a joint venture in Russia that offered consumer credit services; however, during the third quarter of 2022, we completed the sale of this equity method investment.

environment, and promoting employee engagement and recognition.

We have not experienced significant turnover in the employer contributors to the database because we generally do not charge them to add

products and services.

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

automate a variety of credit decisions.

important of which include “Equifax,” “The Work Number,” “Interconnect,” “Equifax Ignite,” and variations thereof.

The Consumer Financial Protection Bureau (“CFPB”) is the primary regulator that enforces and provides regulatory guidance related to the FCRA in the United States.

CRAs are required to comply with regulations promulgated by the CFPB and are subject to regular supervisory engagements related to a variety of FCRA requirements.

The United States Federal Trade Commission (“FTC”) and state attorneys general may also enforce the requirements of the FCRA.

The Dodd-Frank Act prohibits unfair, deceptive or abusive acts or practices (“UDAAP”)

consideration.

In July 2022, the FCA set out final rules and guidance for a new Consumer Duty that will set higher expectations for the standard of care firms give consumers.

In addition, the GDPR includes data breach

determination in the Human Rights Review Tribunal.

The Digital Personal Data Protection Bill (2022) is expected to be considered in 2023 with amendments.

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.

As part of our 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 new products and services consumable by our customers through our delivery platforms.

We make extensive use of advanced data and

database.

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

The

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.

CRAs are required to make available to consumers a free annual credit report and free credit freezes.

The FCRA

imposes many other requirements on CRAs, data furnishers and users of consumer report information.

Regulatory enforcement of the FCRA is under the purview of the United States Federal Trade Commission (“FTC”), the Consumer Financial Protection Bureau (“CFPB”) and state attorneys general, acting alone or in concert with one another.

Effective December 2019, the FCA framework under which we operate has included the “senior managers and certification regime” which, among other things will allow the FCA to bring an enforcement action directly against designated personnel who do not take reasonable steps to avoid non-compliance.

Our core credit

authority to investigate, prosecute, ban individuals and to seek civil penalties.

- In Russia, credit reporting activities are governed by the Federal Law on Credit Histories No.218-fz, dated December 30, 2004.

The law regulates the contents of credit files, who may submit data to a credit bureau and who can receive credit reports.

Russia has also enacted a comprehensive data protection law that is similar to Europe’s approach and also has a data localization law.

In December 2019, a law increasing the fines for infringing Russia data localization and data protection laws came into force and Russia recently expanded its data protection laws to provide individuals with new rights.

As a visible commitment to inclusion and diversity, in 2020, we established our first Chief Talent and Diversity Officer title.

Workforce Health and Safety

In fiscal year 2021, the COVID-19 pandemic continued to have a significant impact on our people.

The safety and well-being of our employees remains paramount and we comply with all federal, state and local jurisdictional safety and health requirements.

See “Recent Events and Company Outlook” included in Item 7., “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” for additional detail regarding the impact of COVID-19 on our company.

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

[removed: *Canadian Class Actions.*] Five putative Canadian class actions, four of which are on behalf of a national class of approximately 19,000 Canadian consumers, are pending against us in Ontario, British Columbia and Alberta.

[added: 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.

The U.K.’s Financial Conduct Authority (“FCA”) opened an enforcement investigation against our U.K. subsidiary, Equifax Limited, in October [removed: 2017.][added: 2017 in connection with the 2017 cybersecurity incident.]

We [removed: continue to respond] [added: have responded] to the information requirements and [removed: are cooperating] [added: continue to cooperate] with the investigation.

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

Canadian Class Actions

The plaintiff filed a notice of further appeal with the Ontario Court of Appeal, and on November 25, 2022, the Ontario Court of Appeal dismissed the plaintiff’s appeal and upheld the Divisional Court’s ruling in our favor.

On January 24, 2023, the plaintiff appealed this decision to the Supreme Court of Canada.

FCA Investigation

CFPB Matters

In addition, in January 2023, the CFPB informed us that its enforcement division will be investigating our previously-disclosed coding issue identified within a legacy server environment in the U.S. slated to be migrated to the new Equifax cloud infrastructure which impacted how some credit scores were calculated during a three-week period in 2022.

We are cooperating with the CFPB in its investigation.

At this time, we are unable to predict the outcome of these CFPB investigations, including whether the investigations will result in any actions or proceedings against us.

Litigation and Investigations related to the 2017 Cybersecurity Incident

Following the 2017 cybersecurity incident, hundreds of class actions and other lawsuits were filed against us typically alleging harm from the incident and seeking various remedies, including monetary and injunctive relief.

We were also subject to investigations and inquiries by federal, state and foreign governmental agencies and officials regarding the 2017 cybersecurity incident and related matters.

Most of these lawsuits and government investigations have concluded or been resolved, including pursuant to the settlement agreements described below, while others remain ongoing.

The Company’s participation in these settlements does not constitute an admission by the Company of any fault or liability, and the Company does not admit fault or liability.

Consumer Settlement

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 and the NYDFS (collectively, the “Consumer Settlement”).

Under the terms of the Consumer Settlement, the Company 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 Company has agreed to contribute up to an additional $125.0 million to the Consumer Restitution Fund to cover certain unreimbursed costs and expenditures incurred by affected U.S. consumers in the event the $380.5 million in the Consumer Restitution Fund is exhausted.

The Company also agreed to various business practice commitments related to consumer assistance and its information security program, including conducting third party assessments of its information security program.

On January 13, 2020, the Northern District of Georgia, the U.S. District Court overseeing centralized pre-trial proceedings for the U.S. Consumer MDL Litigation and numerous other federal court actions relating to the 2017 cybersecurity incident (the “MDL Court”), entered an order granting final approval of the settlement in connection with the U.S. Consumer MDL Litigation.

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

Several objectors appealed the Final Approval Order to the U.S. Court of Appeals for the Eleventh Circuit (the “Eleventh Circuit”).

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.

Other Matters

We face other lawsuits and government investigations related to the 2017 cybersecurity incident that have not yet been concluded or resolved.

These ongoing matters may result in judgments, fines or penalties, settlements or other relief.

We dispute the allegations in the remaining lawsuits and intend to defend against such claims.

Set forth below are descriptions of the main categories of these matters.

*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 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 were transferred to a single judge in the Fulton County Business Court and three of the cases were consolidated into a single action.

On July 27, 2018, the Fulton County Business Court granted the Company’s motion to stay the remaining single case, and on August 17, 2018, the Fulton County Business Court granted the Company’s motion to stay the consolidated case.

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

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.

*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 matters and these investigations have been resolved as discussed in prior filings.

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

For the fiscal year ended December 31, [removed: 2021][added: 2022]

As of June 30, [removed: 2021,] [added: 2022,] the aggregate market value of Registrant’s common stock held by non-affiliates of Registrant was approximately [removed: $29,179,641,497] [added: $22,372,025,247] based on the closing sale price as reported on the New York Stock Exchange.

At January 31, [removed: 2022,] [added: 2023,] there were [removed: 122,084,603] [added: 122,488,001] shares of Registrant’s common stock outstanding.

Portions of Registrant’s definitive proxy statement for its [removed: 2022] [added: 2023] annual meeting of shareholders are incorporated by reference in Part III of this Form 10-K.

| [Item [removed: 1.](#ia0614cd3b4cf452388c8b0ff49fe6a50_13)] [added: 1.](#ib99fcdc0f9974e27ae6385e65b6d453e_13)] | | | [removed: [Business](#ia0614cd3b4cf452388c8b0ff49fe6a50_13)] [added: [Business](#ib99fcdc0f9974e27ae6385e65b6d453e_13)] | | | [removed: [2](#ia0614cd3b4cf452388c8b0ff49fe6a50_13)] [added: [2](#ib99fcdc0f9974e27ae6385e65b6d453e_13)] | | |

| [Item [removed: 1A.](#ia0614cd3b4cf452388c8b0ff49fe6a50_52)] [added: 1A.](#ib99fcdc0f9974e27ae6385e65b6d453e_49)] | | | [Risk [removed: Factors](#ia0614cd3b4cf452388c8b0ff49fe6a50_52)] [added: Factors](#ib99fcdc0f9974e27ae6385e65b6d453e_49)] | | | [removed: [15](#ia0614cd3b4cf452388c8b0ff49fe6a50_52)] [added: [14](#ib99fcdc0f9974e27ae6385e65b6d453e_49)] | | |

| [Item [removed: 1B.](#ia0614cd3b4cf452388c8b0ff49fe6a50_55)] [added: 1B.](#ib99fcdc0f9974e27ae6385e65b6d453e_52)] | | | [Unresolved Staff [removed: Comments](#ia0614cd3b4cf452388c8b0ff49fe6a50_55)] [added: Comments](#ib99fcdc0f9974e27ae6385e65b6d453e_52)] | | | [removed: [26](#ia0614cd3b4cf452388c8b0ff49fe6a50_55)] [added: [25](#ib99fcdc0f9974e27ae6385e65b6d453e_52)] | | |

| [Item [removed: 2.](#ia0614cd3b4cf452388c8b0ff49fe6a50_58)] [added: 2.](#ib99fcdc0f9974e27ae6385e65b6d453e_55)] | | | [removed: [Properties](#ia0614cd3b4cf452388c8b0ff49fe6a50_58)] [added: [Properties](#ib99fcdc0f9974e27ae6385e65b6d453e_55)] | | | [removed: [26](#ia0614cd3b4cf452388c8b0ff49fe6a50_58)] [added: [25](#ib99fcdc0f9974e27ae6385e65b6d453e_55)] | | |

| [Item [removed: 3.](#ia0614cd3b4cf452388c8b0ff49fe6a50_61)] [added: 3.](#ib99fcdc0f9974e27ae6385e65b6d453e_58)] | | | [Legal [removed: Proceedings](#ia0614cd3b4cf452388c8b0ff49fe6a50_61)] [added: Proceedings](#ib99fcdc0f9974e27ae6385e65b6d453e_58)] | | | [removed: [27](#ia0614cd3b4cf452388c8b0ff49fe6a50_61)] [added: [27](#ib99fcdc0f9974e27ae6385e65b6d453e_58)] | | |

| [Item [removed: 4.](#ia0614cd3b4cf452388c8b0ff49fe6a50_64)] [added: 4.](#ib99fcdc0f9974e27ae6385e65b6d453e_61)] | | | [Mine Safety [removed: Disclosures](#ia0614cd3b4cf452388c8b0ff49fe6a50_64)] [added: Disclosures](#ib99fcdc0f9974e27ae6385e65b6d453e_61)] | | | [removed: [28](#ia0614cd3b4cf452388c8b0ff49fe6a50_64)] [added: [27](#ib99fcdc0f9974e27ae6385e65b6d453e_61)] | | |

| [Item [removed: 5.](#ia0614cd3b4cf452388c8b0ff49fe6a50_70)] [added: 5.](#ib99fcdc0f9974e27ae6385e65b6d453e_67)] | | | [Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity [removed: Securities](#ia0614cd3b4cf452388c8b0ff49fe6a50_70)] [added: Securities](#ib99fcdc0f9974e27ae6385e65b6d453e_67)] | | | [removed: [29](#ia0614cd3b4cf452388c8b0ff49fe6a50_70)] [added: [28](#ib99fcdc0f9974e27ae6385e65b6d453e_67)] | | |

| [Item [removed: 6.](#ia0614cd3b4cf452388c8b0ff49fe6a50_73)] [added: 6.](#ib99fcdc0f9974e27ae6385e65b6d453e_70)] | | | [removed: [Reserved](#ia0614cd3b4cf452388c8b0ff49fe6a50_73)] [added: [Reserved](#ib99fcdc0f9974e27ae6385e65b6d453e_70)] | | | [removed: [30](#ia0614cd3b4cf452388c8b0ff49fe6a50_73)] [added: [29](#ib99fcdc0f9974e27ae6385e65b6d453e_70)] | | |

| [Item [removed: 7.](#ia0614cd3b4cf452388c8b0ff49fe6a50_76)] [added: 7.](#ib99fcdc0f9974e27ae6385e65b6d453e_73)] | | | [Management’s Discussion and Analysis of Financial Condition and Results of [removed: Operations](#ia0614cd3b4cf452388c8b0ff49fe6a50_76)] [added: Operations](#ib99fcdc0f9974e27ae6385e65b6d453e_73)] | | | [removed: [31](#ia0614cd3b4cf452388c8b0ff49fe6a50_76)] [added: [30](#ib99fcdc0f9974e27ae6385e65b6d453e_73)] | | |

| [Item [removed: 7A.](#ia0614cd3b4cf452388c8b0ff49fe6a50_94)] [added: 7A.](#ib99fcdc0f9974e27ae6385e65b6d453e_91)] | | | [Quantitative and Qualitative Disclosures About Market [removed: Risk](#ia0614cd3b4cf452388c8b0ff49fe6a50_94)] [added: Risk](#ib99fcdc0f9974e27ae6385e65b6d453e_91)] | | | [removed: [53](#ia0614cd3b4cf452388c8b0ff49fe6a50_94)] [added: [51](#ib99fcdc0f9974e27ae6385e65b6d453e_91)] | | |

| [Item [removed: 8.](#ia0614cd3b4cf452388c8b0ff49fe6a50_97)] [added: 8.](#ib99fcdc0f9974e27ae6385e65b6d453e_94)] | | | [Financial Statements and Supplementary [removed: Data](#ia0614cd3b4cf452388c8b0ff49fe6a50_97)] [added: Data](#ib99fcdc0f9974e27ae6385e65b6d453e_94)] | | | [removed: [54](#ia0614cd3b4cf452388c8b0ff49fe6a50_97)] [added: [52](#ib99fcdc0f9974e27ae6385e65b6d453e_94)] | | |

| [Item [removed: 9.](#ia0614cd3b4cf452388c8b0ff49fe6a50_190)] [added: 9.](#ib99fcdc0f9974e27ae6385e65b6d453e_187)] | | | [Changes in and Disagreements with Accountants on Accounting and Financial [removed: Disclosure](#ia0614cd3b4cf452388c8b0ff49fe6a50_190)] [added: Disclosure](#ib99fcdc0f9974e27ae6385e65b6d453e_187)] | | | [removed: [104](#ia0614cd3b4cf452388c8b0ff49fe6a50_190)] [added: [99](#ib99fcdc0f9974e27ae6385e65b6d453e_187)] | | |

| [Item [removed: 9A.](#ia0614cd3b4cf452388c8b0ff49fe6a50_193)] [added: 9A.](#ib99fcdc0f9974e27ae6385e65b6d453e_190)] | | | [Controls and [removed: Procedures](#ia0614cd3b4cf452388c8b0ff49fe6a50_193)] [added: Procedures](#ib99fcdc0f9974e27ae6385e65b6d453e_190)] | | | [removed: [104](#ia0614cd3b4cf452388c8b0ff49fe6a50_193)] [added: [99](#ib99fcdc0f9974e27ae6385e65b6d453e_190)] | | |

| [Item [removed: 9B.](#ia0614cd3b4cf452388c8b0ff49fe6a50_196)] [added: 9B.](#ib99fcdc0f9974e27ae6385e65b6d453e_193)] | | | [Other [removed: Information](#ia0614cd3b4cf452388c8b0ff49fe6a50_196)] [added: Information](#ib99fcdc0f9974e27ae6385e65b6d453e_193)] | | | [removed: [105](#ia0614cd3b4cf452388c8b0ff49fe6a50_196)] [added: [99](#ib99fcdc0f9974e27ae6385e65b6d453e_193)] | | |

| [Item [removed: 10.](#ia0614cd3b4cf452388c8b0ff49fe6a50_202)] [added: 10.](#ib99fcdc0f9974e27ae6385e65b6d453e_199)] | | | [Directors, Executive Officers and Corporate [removed: Governance](#ia0614cd3b4cf452388c8b0ff49fe6a50_202)] [added: Governance](#ib99fcdc0f9974e27ae6385e65b6d453e_199)] | | | [removed: [106](#ia0614cd3b4cf452388c8b0ff49fe6a50_202)] [added: [100](#ib99fcdc0f9974e27ae6385e65b6d453e_199)] | | |

| [Item [removed: 11.](#ia0614cd3b4cf452388c8b0ff49fe6a50_205)] [added: 11.](#ib99fcdc0f9974e27ae6385e65b6d453e_202)] | | | [Executive [removed: Compensation](#ia0614cd3b4cf452388c8b0ff49fe6a50_205)] [added: Compensation](#ib99fcdc0f9974e27ae6385e65b6d453e_202)] | | | [removed: [107](#ia0614cd3b4cf452388c8b0ff49fe6a50_205)] [added: [101](#ib99fcdc0f9974e27ae6385e65b6d453e_202)] | | |

| [Item [removed: 12.](#ia0614cd3b4cf452388c8b0ff49fe6a50_208)] [added: 12.](#ib99fcdc0f9974e27ae6385e65b6d453e_205)] | | | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder [removed: Matters](#ia0614cd3b4cf452388c8b0ff49fe6a50_208)] [added: Matters](#ib99fcdc0f9974e27ae6385e65b6d453e_205)] | | | [removed: [107](#ia0614cd3b4cf452388c8b0ff49fe6a50_208)] [added: [101](#ib99fcdc0f9974e27ae6385e65b6d453e_205)] | | |

| [Item [removed: 13.](#ia0614cd3b4cf452388c8b0ff49fe6a50_211)] [added: 13.](#ib99fcdc0f9974e27ae6385e65b6d453e_208)] | | | [Certain Relationships and Related Transactions, and Director [removed: Independence](#ia0614cd3b4cf452388c8b0ff49fe6a50_211)] [added: Independence](#ib99fcdc0f9974e27ae6385e65b6d453e_208)] | | | [removed: [107](#ia0614cd3b4cf452388c8b0ff49fe6a50_211)] [added: [101](#ib99fcdc0f9974e27ae6385e65b6d453e_208)] | | |

| [Item [removed: 14.](#ia0614cd3b4cf452388c8b0ff49fe6a50_214)] [added: 14.](#ib99fcdc0f9974e27ae6385e65b6d453e_211)] | | | [Principal Accountant Fees and [removed: Services](#ia0614cd3b4cf452388c8b0ff49fe6a50_214)] [added: Services](#ib99fcdc0f9974e27ae6385e65b6d453e_211)] | | | [removed: [107](#ia0614cd3b4cf452388c8b0ff49fe6a50_214)] [added: [101](#ib99fcdc0f9974e27ae6385e65b6d453e_211)] | | |

| [Item [removed: 15.](#ia0614cd3b4cf452388c8b0ff49fe6a50_220)] [added: 15.](#ib99fcdc0f9974e27ae6385e65b6d453e_217)] | | | [Exhibits and Financial Statement [removed: Schedules](#ia0614cd3b4cf452388c8b0ff49fe6a50_220)] [added: Schedules](#ib99fcdc0f9974e27ae6385e65b6d453e_217)] | | | [removed: [108](#ia0614cd3b4cf452388c8b0ff49fe6a50_220)] [added: [102](#ib99fcdc0f9974e27ae6385e65b6d453e_217)] | | |

| [Item [removed: 16.](#ia0614cd3b4cf452388c8b0ff49fe6a50_223)] [added: 16.](#ib99fcdc0f9974e27ae6385e65b6d453e_220)] | | | [Form 10-K [removed: Summary](#ia0614cd3b4cf452388c8b0ff49fe6a50_223)] [added: Summary](#ib99fcdc0f9974e27ae6385e65b6d453e_220)] | | | [removed: [111](#ia0614cd3b4cf452388c8b0ff49fe6a50_223)] [added: [105](#ib99fcdc0f9974e27ae6385e65b6d453e_220)] | | |

| [PART I](#ib99fcdc0f9974e27ae6385e65b6d453e_10) | | | | | | | | |

| [PART II](#ib99fcdc0f9974e27ae6385e65b6d453e_64) | | | | | | | | |

| [PART III](#ib99fcdc0f9974e27ae6385e65b6d453e_196) | | | | | | | | |

| [PART IV.](#ib99fcdc0f9974e27ae6385e65b6d453e_214) | | | | | | | | |

| | | | [Signatures](#ib99fcdc0f9974e27ae6385e65b6d453e_223) | | | [106](#ib99fcdc0f9974e27ae6385e65b6d453e_223) | | |

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

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

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

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

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

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

We owned [removed: 5] [added: 6] office buildings at December 31, [removed: 2021,] [added: 2022,] 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.

For additional information regarding our obligations under leases, see Note 6 [added: and Note 12] of the Notes to Consolidated Financial Statements in Item 8 of this Form 10-K.

We ordinarily lease office space for conducting our business and are

Equifax’s common stock is traded on the New York Stock Exchange under the symbol “EFX.” As of January 31, [removed: 2022,] [added: 2023,] Equifax had approximately [removed: 2,766] [added: 2,625] 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: 2016] [added: 2018] and that all quarterly dividends were reinvested without commissions.

[removed: ][added: ]

| | | | Initial | | | | | | [removed: 2017] [added: 2018] | | | | | | [removed: 2018] [added: 2019] | | | | | | [removed: 2019] [added: 2020] | | | | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2021] [added: 2022] | | |

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: 2021:][added: 2022:]

| October 1 - October 31, [removed: 2021] [added: 2022] | | | | | | [removed: 18,889] [added: 930] | | | | | | $ | — | | | | | — | | | | | | $ | 520,168,924 | |

| November 1 - November 30, [removed: 2021] [added: 2022] | | | | | | [removed: 3,870] [added: 3,641] | | | | | | $ | — | | | | | — | | | | | | $ | 520,168,924 | |

| December 1 - December 31, [removed: 2021] [added: 2022] | | | | | | [removed: 25,572] [added: 369] | | | | | | $ | — | | | | | — | | | | | | $ | 520,168,924 | |

| Total | | | | | | [removed: 48,331] [added: 4,940] | | | | | | $ | — | | | | | — | | | | | | $ | 520,168,924 | |

(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: 18,889 share] [added: 930 shares] for the month of October [removed: 2021, 3,870] [added: 2022, 3,641] shares for the month of November [removed: 2021] [added: 2022] and [removed: 25,572] [added: 369] shares for the month of December [removed: 2021.][added: 2022.]

(3) We purchased [removed: 0.4 million] [added: no] common shares during the twelve months ended December 31, [removed: 2021.][added: 2022.]

At December 31, [removed: 2021,] [added: 2022,] the amount authorized for future share repurchases under the Program was $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: 2022] [added: 2023] Proxy Statement and is incorporated herein by reference.

| Equifax Inc. | | | 100.00 | | | | | | 75.54 | | | | | | 115.06 | | | | | | 159.93 | | | | | | 244.44 | | | | | | 163.56 | | |

| S&P 500 Index | | | 100.00 | | | | | | 90.44 | | | | | | 118.91 | | | | | | 140.79 | | | | | | 181.21 | | | | | | 148.39 | | |

| S&P 500 Banks Index (Industry Group) | | | 100.00 | | | | | | 74.44 | | | | | | 94.37 | | | | | | 83.22 | | | | | | 108.94 | | | | | | 90.69 | | |

| 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 | | |

| [Report of Independent Registered Public Accounting Firm on Internal Control over Financial [removed: Reporting](#ia0614cd3b4cf452388c8b0ff49fe6a50_100)] [added: Reporting](#ib99fcdc0f9974e27ae6385e65b6d453e_97)] | | | [removed: [55](#ia0614cd3b4cf452388c8b0ff49fe6a50_100)] [added: [53](#ib99fcdc0f9974e27ae6385e65b6d453e_97)] | | |

| [Report of Independent Registered Public Accounting [removed: Firm](#ia0614cd3b4cf452388c8b0ff49fe6a50_103)] [added: Firm](#ib99fcdc0f9974e27ae6385e65b6d453e_100)] (PCAOB ID: 42) | | | [removed: [57](#ia0614cd3b4cf452388c8b0ff49fe6a50_103)] [added: [54](#ib99fcdc0f9974e27ae6385e65b6d453e_100)] | | |

| [Consolidated Statements of [removed: Income (Loss) for] [added: Comprehensive Income](#ib99fcdc0f9974e27ae6385e65b6d453e_106) [for] each of the three years in the period ended December 31, [removed: 2021](#ia0614cd3b4cf452388c8b0ff49fe6a50_106)] [added: 2022](#ib99fcdc0f9974e27ae6385e65b6d453e_106)] | | | [removed: [59](#ia0614cd3b4cf452388c8b0ff49fe6a50_106)] [added: [57](#ib99fcdc0f9974e27ae6385e65b6d453e_106)] | | |

| [Consolidated Statements of [removed: Comprehensive Income (Loss) for] [added: Income](#ib99fcdc0f9974e27ae6385e65b6d453e_103) [for] each of the three years in the period ended December 31, [removed: 2021](#ia0614cd3b4cf452388c8b0ff49fe6a50_109)] [added: 2022](#ib99fcdc0f9974e27ae6385e65b6d453e_103)] | | | [removed: [60](#ia0614cd3b4cf452388c8b0ff49fe6a50_109)] [added: [56](#ib99fcdc0f9974e27ae6385e65b6d453e_103)] | | |

| [Consolidated Balance Sheets at December 31, [removed: 2021] [added: 2022] and [removed: 2020](#ia0614cd3b4cf452388c8b0ff49fe6a50_112)] [added: 2021](#ib99fcdc0f9974e27ae6385e65b6d453e_109)] | | | [removed: [61](#ia0614cd3b4cf452388c8b0ff49fe6a50_112)] [added: [58](#ib99fcdc0f9974e27ae6385e65b6d453e_109)] | | |

| [Consolidated Statements of Cash Flows for each of the three years in the period ended December 31, [removed: 2021](#ia0614cd3b4cf452388c8b0ff49fe6a50_115)] [added: 2022](#ib99fcdc0f9974e27ae6385e65b6d453e_112)] | | | [removed: [62](#ia0614cd3b4cf452388c8b0ff49fe6a50_115)] [added: [59](#ib99fcdc0f9974e27ae6385e65b6d453e_112)] | | |

| [Consolidated Statements of Shareholders’ Equity and Accumulated Other Comprehensive Loss for each of the three years in the period ended December 31, [removed: 2021](#ia0614cd3b4cf452388c8b0ff49fe6a50_118)] [added: 2022](#ib99fcdc0f9974e27ae6385e65b6d453e_115)] | | | [removed: [63](#ia0614cd3b4cf452388c8b0ff49fe6a50_118)] [added: [60](#ib99fcdc0f9974e27ae6385e65b6d453e_115)] | | |

| [Notes to Consolidated Financial [removed: Statements](#ia0614cd3b4cf452388c8b0ff49fe6a50_124)] [added: Statements](#ib99fcdc0f9974e27ae6385e65b6d453e_121)] | | | [removed: [65](#ia0614cd3b4cf452388c8b0ff49fe6a50_124)] [added: [62](#ib99fcdc0f9974e27ae6385e65b6d453e_121)] | | |

We have audited Equifax Inc.’s internal control over financial reporting as of December 31, [removed: 2021,] [added: 2022,] 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: 2021,] [added: 2022,] 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: 2021] [added: 2022] and [removed: 2020,] [added: 2021,] the related consolidated statements of [removed: income (loss),] [added: income,] comprehensive [removed: income (loss),] [added: income,] cash flows, and shareholders’ equity and accumulated other comprehensive loss for each of the three years in the period ended December 31, [removed: 2021,] [added: 2022,] and the related notes and financial statement schedule listed in the Index at Item 15(a)(2) and our report dated February [removed: 24, 2022] [added: 23, 2023] expressed an unqualified opinion thereon.

We have audited the accompanying consolidated balance sheets of Equifax Inc. (the Company) as of December 31, [removed: 2021] [added: 2022] and [removed: 2020,] [added: 2021,] the related consolidated statements of [removed: income (loss),] [added: income,] comprehensive [removed: income (loss),] [added: income,] cash flows, and shareholders’ equity and accumulated other comprehensive loss for each of the three years in the period ended December 31, [removed: 2021,] [added: 2022,] 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: 2021] [added: 2022] and [removed: 2020,] [added: 2021,] and the results of its operations and its cash flows for each of the three years in the period ended December 31, [removed: 2021,] [added: 2022,] 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: 2021,] [added: 2022,] 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: 24, 2022] [added: 23, 2023] expressed an unqualified opinion thereon.

The critical audit matter communicated below is a matter arising from the current period audit of the [added: consolidated] financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the [added: consolidated] financial statements and (2) involved our especially challenging, subjective, or complex judgments.

| *Description of the Matter* | | | At December 31, [removed: 2021,] [added: 2022,] the Company’s goodwill was [removed: $6.3] [added: $6.4] billion and the goodwill attributed to the Asia Pacific reporting unit was [removed: $1.5] [added: $1.4] 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 [removed: unit, therefore] [added: unit. Therefore,] the Company determined the [removed: relative] fair value of this reporting unit as of September 30, [removed: 2021,] [added: 2022,] the annual goodwill impairment testing date. | | |

| | | | In relation to the limited excess fair value of the [removed: net assets of the] Asia Pacific reporting unit [removed: versus] [added: over] the carrying value of the net assets of the reporting unit, auditing management’s annual goodwill impairment test for the Asia Pacific reporting unit required [removed: judgment] [added: judgement] due to the estimation required in determining the fair value of the reporting unit. In particular, the fair value estimate was sensitive to significant assumptions such as the revenue growth [removed: rate,] [added: rate for certain businesses,] projected [removed: operating margin, terminal value,] [added: EBITDA margins, long-term growth rate,] and weighted average cost of capital, which are affected by expectations about future market or economic conditions and the economic performance of the Asia Pacific reporting unit. | | |

| *How We Addressed the Matter in Our Audit* | | | We obtained an understanding, evaluated the design and tested the operating effectiveness of controls over the Company’s process to quantitatively test the Company’s Asia Pacific reporting unit’s goodwill balance for impairment including among others, controls related to management’s review of the significant assumptions described above and [removed: the] resulting [removed: relative] fair value for the Asia Pacific reporting unit. | | |

| | | | To test the estimated fair value of the Asia Pacific reporting unit used in the annual goodwill impairment test, we performed audit procedures that included, among others, assessing the methodologies used to determine the fair value of the Asia Pacific reporting unit, testing the significant assumptions discussed above and testing the underlying data used by the Company in its analysis. We compared the significant assumptions used by management to historical [removed: results,] [added: results and] current industry and economic [removed: trends, changes to the Company’s business model, customer base or product mix and other relevant factors.] [added: trends.] We also evaluated any identified contrary evidence, assessed the historical accuracy of management’s estimates and performed sensitivity analyses of significant assumptions to evaluate the changes in the fair value of the reporting unit that would result from changes in the assumptions. In addition, we utilized more experienced members of the audit team and involved our internal valuation specialists to assist in the evaluation and testing of the significant valuation assumptions discussed [removed: above, utilized within the quantitative model.] [added: above.] | | |

CONSOLIDATED STATEMENTS OF [removed: INCOME (LOSS)][added: INCOME]

| *(In millions, except per share amounts)* | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2019] [added: 2020] | | |

| Operating revenue | | | $ | [removed: 4,923.9] [added: 5,122.2] | | | | | $ | [removed: 4,127.5] [added: 4,923.9] | | | | | $ | [removed: 3,507.6] [added: 4,127.5] | |

| Cost of services (exclusive of depreciation and amortization below) | | | [removed: 1,980.9] [added: 2,177.2] | | | | | | [removed: 1,737.4] [added: 1,980.9] | | | | | | [removed: 1,521.7] [added: 1,737.4] | | |

| Selling, general and administrative expenses | | | [removed: 1,324.6] [added: 1,328.9] | | | | | | [removed: 1,322.5] [added: 1,324.6] | | | | | | [removed: 1,990.2] [added: 1,322.5] | | |

| Depreciation and amortization | | | [removed: 480.4] [added: 560.1] | | | | | | [removed: 391.0] [added: 480.4] | | | | | | [removed: 331.1] [added: 391.0] | | |

| Total operating expenses | | | [removed: 3,785.9] [added: 4,066.2] | | | | | | [removed: 3,450.9] [added: 3,785.9] | | | | | | [removed: 3,843.0] [added: 3,450.9] | | |

| Operating income [removed: (loss)] | | | [removed: 1,138.0] [added: 1,056.0] | | | | | | [removed: 676.6] [added: 1,138.0] | | | | | | [removed: (335.4)] [added: 676.6] | | |

| Interest expense | | | [removed: (145.6)] [added: (183.0)] | | | | | | [removed: (141.6)] [added: (145.6)] | | | | | | [removed: (111.7)] [added: (141.6)] | | |

| Other [removed: (expense) income,] [added: income (expense),] net | | | [removed: (43.2)] [added: 56.7] | | | | | | [removed: 150.2] [added: (43.2)] | | | | | | [removed: 33.3] [added: 150.2] | | |

| Consolidated income [removed: (loss)] before income taxes | | | [removed: 949.2] [added: 929.7] | | | | | | [removed: 685.2] [added: 949.2] | | | | | | [removed: (413.8)] [added: 685.2] | | |

| [removed: (Provision for) benefit from] [added: Provision for] income taxes | | | [removed: (200.7)] [added: (229.5)] | | | | | | [removed: (159.0)] [added: (200.7)] | | | | | | [removed: 35.7] [added: (159.0)] | | |

| Consolidated net income [removed: (loss)] | | | [removed: 748.5] [added: 700.2] | | | | | | [removed: 526.2] [added: 748.5] | | | | | | [removed: (378.1)] [added: 526.2] | | |

| Less: Net income attributable to noncontrolling interests including redeemable noncontrolling interests | | | [removed: (4.3)] [added: (4.0)] | | | | | | [removed: (6.1)] [added: (4.3)] | | | | | | [removed: (6.0)] [added: (6.1)] | | |

| Net income [removed: (loss)] attributable to Equifax | | | $ | [removed: 744.2] [added: 696.2] | | | | | $ | [removed: 520.1] [added: 744.2] | | | | | $ | [removed: (384.1)] [added: 520.1] | |

| Net income [removed: (loss)] attributable to Equifax | | | $ | [removed: 6.11] [added: 5.69] | | | | | $ | [removed: 4.28] [added: 6.11] | | | | | $ | [removed: (3.18)] [added: 4.28] | |

| Weighted-average shares used in computing basic earnings per share | | | [removed: 121.9] [added: 122.4] | | | | | | [removed: 121.5] [added: 121.9] | | | | | | [removed: 120.9] [added: 121.5] | | |

| Net income [removed: (loss)] attributable to Equifax | | | $ | [removed: 6.02] [added: 5.65] | | | | | $ | [removed: 4.24] [added: 6.02] | | | | | $ | [removed: (3.15)] [added: 4.24] | |

| Weighted-average shares used in computing diluted earnings per share | | | [removed: 123.6] [added: 123.3] | | | | | | [removed: 122.8] [added: 123.6] | | | | | | [removed: 122.0] [added: 122.8] | | |

CONSOLIDATED STATEMENTS OF COMPREHENSIVE [removed: INCOME (LOSS)][added: INCOME]

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

February 23, 2023

February 23, 2023

| Net income | | | — | | | | | | — | | | | | | — | | | | | | 696.2 | | | | | | — | | | | | | — | | | | | | — | | | | | | 4.0 | | | | | | 700.2 | | |

| Other comprehensive loss | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (178.3) | | | | | | — | | | | | | — | | | | | | (0.8) | | | | | | (179.1) | | |

| Purchases of noncontrolling and redeemable noncontrolling interests | | | — | | | | | | — | | | | | | (0.3) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (0.1) | | | | | | (0.4) | | |

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

| Balance, December 31, 2022 | | | 122.5 | | | | | | $ | 236.6 | | | | | $ | 1,594.2 | | | | | $ | 5,256.0 | | | | | $ | (473.7) | | | | | $ | (2,650.7) | | | | | $ | (5.9) | | | | | $ | 16.8 | | | | | $ | 3,973.3 | |

We previously had a joint venture in Russia that offered consumer credit services; however, during the third quarter of 2022, we completed the sale of this equity method investment.

credit delivered to our clients.

| 1 to 3 years | | | | | | 35.4 | | |

| 3 to 5 years | | | | | | 16.9 | | |

| Thereafter | | | | | | 27.0 | | |

We record a

For the twelve months ended December 31, 2022, 0.6 million stock options were anti-dilutive and therefore excluded from this calculation.

| | | | | | | 2022 | | | | | | 2021 | | |

During the second quarter of 2022, we sold our interest in two equity investments resulting in a gain of $27.5 million recorded in Other Income (Expense), Net within the Consolidated Statements of Income.

We previously had a joint venture in Russia that offered consumer credit services; however, during the third quarter of 2022, we completed the sale of this equity method investment.

We recorded foreign currency gains of $0.8 million and foreign currency losses of $0.5 million during the twelve months ended December 31, 2021 and 2020, respectively.

Foreign currency gains and losses are recorded in Other Income (Expense), Net in our Consolidated Statements of Income.

For the year ended December 31, 2022, we recorded $1.8 million of foreign currency transaction losses.

In December 2022, the FASB issued ASU No. 2022-06 "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848." The update extends the sunset date from ASU No. 2020-04 from December 31, 2022, to December 31, 2024.

After this date, entities will no longer be permitted to apply the relief in Topic 848.

2022 Acquisitions and Investments. In the first quarter of 2022, the Company acquired 100% of Efficient Hire, a provider of cloud recruiting, onboarding and human resources management solutions, within the Workforce Solutions operating segment, and Data Crédito, a consumer credit reporting agency in the Dominican Republic, within the International operating segment.

These acquisitions expand the Company's data assets and product offerings and broaden our geographic footprint.

In the third quarter of 2022, the Company acquired 100% of LawLogix, a leading provider of cloud-based I-9 software and immigration case management software, within the Workforce Solutions operating segment, and Midigator, a provider of post-transaction fraud mitigation solutions, within the U.S. Information Solutions ("USIS") business segment.

The Company accounted for these acquisitions in accordance with ASC 805, Business Combinations, which requires the assets acquired and the liabilities assumed to be measured at fair value at the date of the acquisition.

The primary area of the purchase price that is not yet finalized for LawLogix and Midigator is related to working capital.

| | | | 2022 | | | | | | 2021 | | |

$201.7 million of goodwill related to the 2022 acquisitions was tax deductible, which excludes goodwill related to Data Crédito within International and a portion of goodwill related to Midigator within USIS.

| | | | | | | 2022 | | | | | | | | | | | | 2021 | | | | | | | | |

During 2022, we acquired Efficient Hire and LawLogix within the Workforce Solutions operating segment.

We acquired Midigator within the USIS operating segment.

We acquired Data Crédito within the International operating segment.

| Acquisitions | | | | | | 145.0 | | | | | | 111.8 | | | | | | 27.0 | | | | | | 283.8 | | |

| Divestitures | | | | | | — | | | | | | — | | | | | | (24.6) | | | | | | (24.6) | | |

| Balance, December 31, 2022 | | | | | | $ | 2,520.8 | | | | | $ | 2,004.8 | | | | | $ | 1,858.3 | | | | | $ | 6,383.9 | |

| 2023 | | | | | | $ | 240.0 | |

| 2024 | | | | | | 228.7 | | |

| 2025 | | | | | | 222.8 | | |

| 2026 | | | | | | 210.3 | | |

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

| Balance, December 31, 2018 | | | 120.6 | | | | | | $ | 236.6 | | | | | $ | 1,356.6 | | | | | $ | 4,425.9 | | | | | $ | (334.5) | | | | | $ | (2,571.0) | | | | | $ | (5.9) | | | | | $ | 47.9 | | | | | $ | 3,155.6 | |

| Net (loss) income | | | — | | | | | | — | | | | | | — | | | | | | (384.1) | | | | | | — | | | | | | — | | | | | | — | | | | | | 6.0 | | | | | | (378.1) | | |

| Other comprehensive loss | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (20.0) | | | | | | — | | | | | | — | | | | | | (0.5) | | | | | | (20.5) | | |

| Redeemable noncontrolling interest adjustment | | | — | | | | | | — | | | | | | — | | | | | | 13.2 | | | | | | — | | | | | | — | | | | | | — | | | | | | (13.2) | | | | | | — | | |

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

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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 | | |

Otherwise, no further testing is required.

In the fourth quarter of 2020, we voluntarily changed our method of accounting for recognizing actuarial gains and losses and expected return on plan assets for our defined benefit pension and other postretirement benefit plans, as further described below.

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

of earnings per share.

The purchase price allocations for these acquisitions are not yet finalized and open areas consist of income taxes and working capital for all acquisitions and purchased intangibles for Appriss Insights.

2019 Acquisitions and Investments. In April 2019, the Company completed the acquisition of 100% of Knowledge Works, Inc., d/b/a PayNet, Inc. (“PayNet”), a commercial data and analytics company, in our USIS and International segments to expand the Company’s product offerings.

In 2019, the Company completed various acquisitions in our Workforce Solutions segment to expand the Company’s product offerings.

We have completed the allocation of the purchase prices for the 2019 acquisitions.

The goodwill related to the 2020 acquisitions were recognized in the International and USIS operating segments.

The goodwill related to the International and USIS acquisitions in 2020 are not deductible for tax purposes.

(3)The above reflects the total net assets recorded from the purchase of the remaining interest of the India joint venture, inclusive of the gain due to remeasurement of the prior equity interest.

U.S. consumer credit monitoring solutions businesses were moved to USIS with the U.S. consumer identity theft protection business moved to Workforce Solutions.

All international consumer credit marketing solutions businesses have been moved into the Canada and Europe reporting units based on the geographical location of customers.

These changes in reporting units align with how we plan to manage our business going forward.

To reflect this new organizational structure, we have reallocated goodwill from the legacy Global Consumer Solutions reporting unit to the USIS, Workforce Solutions, Canada and Europe reporting units based on relative fair value.

A change in reporting units requires that goodwill be tested for impairment.

During 2021, we performed a goodwill impairment test prior to and following the reallocation of goodwill, which resulted in no impairment for all reporting units.

| Balance, December 31, 2019 | | | | | | $ | 1,023.0 | | | | | $ | 1,411.9 | | | | | $ | 1,873.4 | | | | | $ | 4,308.3 | |

| Acquisitions | | | | | | — | | | | | | 6.0 | | | | | | 52.3 | | | | | | 58.3 | | |

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

| 2022 | | | | | | $ | 225.8 | |

| 2023 | | | | | | 218.2 | | |

| 2024 | | | | | | 207.4 | | |

Our management assessed the effectiveness of Equifax’s internal control over financial reporting as of December 31, [removed: 2021] [added: 2022] 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: 2021,] [added: 2022,] Equifax’s internal control over financial reporting was effective.

The effectiveness of Equifax’s internal control over financial reporting as of December 31, [removed: 2021] [added: 2022] 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: 55.][added: 52.]

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: 2022] [added: 2023] Annual Meeting of Shareholders (the [removed: “2022] [added: “2023] 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: (63)*] [added: (64)*] has been our Chief Executive Officer and a member of the Board of Directors since April 2018.

*Sunil Bindal [removed: (47)*] [added: (48)*] has been our Executive Vice President, Chief Corporate Development Officer since October 2020.

*Carla Chaney [removed: (51)*] [added: (52)*] has been our Executive Vice President, Chief Human Resources Officer since April 2019.

Prior thereto, she served as Executive Vice President, Human Resources [added: and Communications] of Graphic Packaging Holding Company and Graphic Packaging International, since [removed: July 2013.][added: February 2012.]

*Jamil Farshchi [removed: (44)*] [added: (45)*] has been our Executive Vice President, Chief Information Security Officer since February 2018.

Gamble, Jr. [removed: (59)*] [added: (60)*] has been our Executive Vice President, Chief Financial Officer and Chief Operations Officer since February 2021.

Houston [removed: (51)*] [added: (52)*] has been our Executive Vice President, Chief Strategy and Marketing Officer since March 2021.

Kelley III [removed: (61)*] [added: (62)*] has been our Executive Vice President, Chief Legal Officer and Corporate Secretary since January 2013.

*Bryson Koehler [removed: (46)*] [added: (47)*] has been our Executive Vice President, Chief Technology, Product and D&A Officer since December 2021.

*Lisa Nelson [removed: (58)*] [added: (59)*] has been our Executive Vice President, President, International since June 2021.

Ploder [removed: (61)*] [added: (62)*] has been our Executive Vice President, President, Workforce Solutions since November 2015.

Prior thereto, she served as Executive Vice President, Human Resources and Communications, since February 2012.

*Sid Singh (44)* has been our Executive Vice President, President, U.S. Information Solutions since February 11, 2019.

Mr. Singh served as group president of Integrated Solutions & Vertical Markets at Global Payments Inc., since February 2013.

Prior thereto, he served as Senior Vice President, Global Product of Global Payments Inc. since 2010.

Prior thereto, he served as Vice President and Regional Head, Asia Pacific of Global Payments Inc. since 2006.

Prior thereto, he held senior management positions with HSBC and Citibank.

The information required by this Item 11 is incorporated herein by reference from the information contained in our [removed: 2022] [added: 2023] 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: 2022] [added: 2023] 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: 2022] [added: 2023] 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: 2022] [added: 2023] Proxy Statement under the section entitled “Proposal 3 Ratification of Appointment of Ernst & Young LLP as Independent Registered Public Accounting Firm for [removed: 2022.”][added: 2023.”]

- Consolidated Balance Sheets — December 31, [removed: 2021] [added: 2022] and [removed: 2020;][added: 2021;]

- Consolidated Statements of Income [removed: (Loss)] for the Years Ended December 31, [removed: 2021, 2020] [added: 2022, 2021] and [removed: 2019;][added: 2020;]

- Consolidated Statements of Comprehensive Income [removed: (Loss)] for the Years Ended December 31, [removed: 2021, 2020] [added: 2022, 2021] and [removed: 2019;][added: 2020;]

- Consolidated Statements of Cash Flows for the Years Ended December 31, [removed: 2021, 2020] [added: 2022, 2021] and [removed: 2019;][added: 2020;]

- Consolidated Statements of Shareholders’ Equity and Accumulated Other Comprehensive Loss for the Years Ended December 31, [removed: 2021, 2020] [added: 2022, 2021] and [removed: 2019;] [added: 2020;] and

| [removed: 4.4] [added: 4.3] | | | | | | [Credit Agreement, dated as of September 27, 2018, by and between Equifax Inc., Equifax Limited, Equifax Canada Co., Equifax Australia Holdings Pty Limited, and SunTrust Bank as administrative agent (incorporated by reference to Exhibit 10.1 to Equifax’s Form 8-K filed October 1, 2018).](http://www.sec.gov/Archives/edgar/data/33185/000003318518000035/revolvingcreditagreementex.htm) | | |

| [removed: 4.5] [added: 4.4] | | | | | | [Indenture, dated as of May 12, 2016, between Equifax Inc. and U.S. Bank National Association, as Trustee (incorporated by reference to Exhibit 4.1 to Equifax’s Form 8-K filed May 12, 2016).](http://www.sec.gov/Archives/edgar/data/33185/000119312516588951/d165110dex41.htm) | | |

| [removed: 4.6] [added: 4.5] | | | | | | [removed: [First] [added: [Second] Supplemental Indenture, dated as of May 12, 2016, between Equifax Inc. and U.S. Bank National Association, as Trustee, including the form of [removed: 2021] [added: 2026] Note as Exhibit A (incorporated by reference to Exhibit [removed: 4.2] [added: 4.3] to Equifax’s Form 8-K filed May 12, [removed: 2016).](http://www.sec.gov/Archives/edgar/data/33185/000119312516588951/d165110dex42.htm)] [added: 2016).](http://www.sec.gov/Archives/edgar/data/33185/000119312516588951/d165110dex43.htm)] | | |

| 4.7 | | | | | | [removed: [Second] [added: [Sixth] Supplemental Indenture, dated as of [removed: May 12, 2016,] [added: November 19, 2019,] between Equifax Inc. and [removed: U.S. Bank National Association, as] [added: the] Trustee, including the form of [removed: 2026] [added: 2024] Note as Exhibit A (incorporated by reference to Exhibit [removed: 4.3] [added: 4.1] to Equifax’s Form 8-K filed [removed: May 12, 2016).](http://www.sec.gov/Archives/edgar/data/33185/000119312516588951/d165110dex43.htm)] [added: November 19, 2019).](http://www.sec.gov/Archives/edgar/data/33185/000119312519295622/d822940dex41.htm)] | | |

| [removed: 4.8] [added: 4.6] | | | | | | [removed: [Third] [added: [Fourth] Supplemental Indenture, dated as of May 25, 2018, between Equifax Inc. and the Trustee, including the form of [removed: 2021] [added: 2023] Note as Exhibit A (incorporated by reference to Exhibit [removed: 4.1] [added: 4.2] to Equifax’s Form 8-K filed May 25, [removed: 2018).](http://www.sec.gov/Archives/edgar/data/33185/000119312518175418/d595030dex41.htm)] [added: 2018).](http://www.sec.gov/Archives/edgar/data/33185/000119312518175418/d595030dex42.htm)] | | |

| 4.9 | | | | | | [removed: [Fourth] [added: [Eighth] Supplemental Indenture, dated as of [removed: May 25, 2018,] [added: April 27, 2020,] between Equifax Inc. and the Trustee, including the form of [removed: 2023] [added: 2030] Note as Exhibit A (incorporated by reference to Exhibit 4.2 to [removed: Equifax’s] [added: Equifax's] Form 8-K filed [removed: May 25, 2018).](http://www.sec.gov/Archives/edgar/data/33185/000119312518175418/d595030dex42.htm)] [added: April 27, 2020).](http://www.sec.gov/Archives/edgar/data/33185/000119312520120937/d923316dex42.htm)] | | |

| 4.10 | | | | | | [removed: [Fifth] [added: [Ninth] Supplemental Indenture, dated as of [removed: May 25, 2018,] [added: August 13, 2021,] between Equifax Inc. and the Trustee, including the form of [removed: Floating Rate] Note as Exhibit A (incorporated by reference to Exhibit [removed: 4.3] [added: 4.1] to Equifax’s Form 8-K filed [removed: May 25, 2018).](http://www.sec.gov/Archives/edgar/data/33185/000119312518175418/d595030dex43.htm)] [added: August 16, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000119312521247741/d218347dex41.htm)] | | |

| [removed: 4.11] [added: 4.8] | | | | | | [removed: [Sixth] [added: [Seventh] Supplemental Indenture, dated as of [removed: November 19, 2019,] [added: April 27, 2020,] between Equifax Inc. and the Trustee, including the form of [removed: 2024] [added: 2025] Note as Exhibit A (incorporated by reference to Exhibit 4.1 to [removed: Equifax’s] [added: Equifax's] Form 8-K filed [removed: November 19, 2019).](http://www.sec.gov/Archives/edgar/data/33185/000119312519295622/d822940dex41.htm)] [added: April 27, 2020).](http://www.sec.gov/Archives/edgar/data/33185/000119312520120937/d923316dex41.htm)] | | |

| [removed: 4.12] [added: 4.14] | | | | | | [removed: [Seventh] [added: [Tenth] Supplemental Indenture, dated as of [removed: April 27, 2020,] [added: September 12, 2022,] between Equifax Inc. and the Trustee, including the form of [removed: 2025] Note as Exhibit A (incorporated by reference to Exhibit 4.1 to Equifax's Form 8-K filed [removed: April 27, 2020).](http://www.sec.gov/Archives/edgar/data/33185/000119312520120937/d923316dex41.htm)] [added: September 12, 2022).](https://www.sec.gov/Archives/edgar/data/33185/000119312522242936/d386586dex41.htm)] | | |

| [removed: 4.14] [added: 4.12] | | | | | | [removed: [Ninth Supplemental Indenture,] [added: [Term Loan Credit Agreement,] dated as of August [removed: 13,] [added: 25,] 2021, [added: by and] between Equifax [removed: Inc.] [added: Inc., JPMorgan Chase Bank, N.A., as administrative agent,] and the [removed: Trustee, including the form of Note as Exhibit A] [added: lenders party thereto] (incorporated by reference to Exhibit [removed: 4.1] [added: 10.2] to Equifax’s Form 8-K filed August [removed: 16, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000119312521247741/d218347dex41.htm)] [added: 31, 2021).](http://www.sec.gov/Archives/edgar/data/33185/000119312521262096/d220137dex102.htm)] | | |

| [removed: 4.15] [added: 4.11] | | | | | | [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) | | |

| [removed: 4.17] [added: 4.13] | | | | | | [Description of the Company’s Securities Registered under Section 12 of the Securities Exchange Act of 1934 (incorporated by reference to Exhibit 4.14 to Equifax's Form 10-K filed February 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: 4.17,] [added: 4.14,] 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: 10.16*] [added: 10.16] | | | | | | [Amendment No. 2 to Equifax Inc. Director and Executive Stock Deferral Plan, effective as of December 2, [removed: 2021.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit1016-12312021.htm)] [added: 2021](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit1016-12312021.htm) [(incorporated by reference to Exhibit 10.16 to Equifax's Form 10-K filed February 24, 2022)](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit1016-12312021.htm)[.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit1016-12312021.htm)] | | |

| [removed: 10.23*] [added: 10.23] | | | | | | [Equifax Inc. Board of Directors Deferred Compensation [removed: Plan.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit1023-12312021.htm)] [added: Plan](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit1023-12312021.htm) [(incorporated by reference to Exhibit 10.23 to Equifax's Form 10-K filed February 24, 2022)](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit1023-12312021.htm)[.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit1023-12312021.htm)] | | |

| 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](http://www.sec.gov/Archives/edgar/data/33185/000003318517000015/exhibit104-20170331.htm) [February] [added: in 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) | | |

| 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](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] [added: in March 2018 to] January [removed: 2021](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit102-20180331.htm)[)] [added: 2021)] (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) | | |

| 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](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit103-20180331.htm) [March] [added: in March] 2018](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit103-20180331.htm) [removed: [](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit103-20180331.htm)[to] [added: [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) | | |

| 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 [removed: 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 [removed: 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 [removed: 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 [removed: 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 [removed: 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 [removed: 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) | | |

| 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](http://www.sec.gov/Archives/edgar/data/33185/000003318518000020/exhibit104-20180331.htm) [March] [added: in 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: 10.38] [added: 10.43] | | | | | | [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: 10.39] [added: 10.44] | | | | | | [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: 10.40] [added: 10.45] | | | | | | [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: 10.41] [added: 10.46] | | | | | | [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) | | |

| 21.1* | | | | | | [Subsidiaries of Equifax [removed: Inc.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit211-12312021.htm)] [added: Inc.](https://www.sec.gov/Archives/edgar/data/33185/000003318523000012/exhibit211subsidiarieslist.htm)] | | |

| 23.1* | | | | | | [Consent of Independent Registered Public Accounting [removed: Firm.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit231consent-12312021.htm)] [added: Firm.](https://www.sec.gov/Archives/edgar/data/33185/000003318523000012/exhibit231consent-12312022.htm)] | | |

| 24.1* | | | | | | [Powers of Attorney (included on signature [removed: page).](#ia0614cd3b4cf452388c8b0ff49fe6a50_226)] [added: page).](#ib99fcdc0f9974e27ae6385e65b6d453e_223)] | | |

| 31.1* | | | | | | [Rule 13a-14(a) Certification of Chief Executive [removed: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit311-12312021.htm)] [added: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318523000012/exhibit311-123122.htm)] | | |

| 31.2* | | | | | | [Rule 13a-14(a) Certification of Chief Financial [removed: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit312-12312021.htm)] [added: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318523000012/exhibit312-123122.htm)] | | |

| 32.1* | | | | | | [Section 1350 Certification of Chief Executive [removed: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318522000014/exhibit321-12312021.htm)] [added: Officer.](https://www.sec.gov/Archives/edgar/data/33185/000003318523000012/exhibit321-123122.htm)] | | |

| 10.38 | | | | | | [Form of Performance Share Award Agreement (Adjusted EBITDA) (CEO) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted in or after February 2022) (incorporated by reference to Exhibit 10.1 to Equifax's Form 10-Q filed April 21, 2022).](https://www.sec.gov/Archives/edgar/data/33185/000003318522000024/exhibit101-20220331.htm) | | |

| 10.39 | | | | | | [Form of Performance Share Award Agreement (Adjusted EBITDA) (SLT) under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for awards granted in February 2022) (incorporated by reference to Exhibit 10.2 to Equifax's Form 10-Q filed April 21, 2022).](https://www.sec.gov/Archives/edgar/data/33185/000003318522000024/exhibit102-20220331.htm) | | |

| 10.40 | | | | | | [Performance Share Award Agreement (TSR) between Equifax Inc. and Mark Begor under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for award granted on July 29, 2022) (incorporated by reference to Exhibit 10.1 to Equifax's Form 10-Q filed October 20, 2022).](https://www.sec.gov/Archives/edgar/data/33185/000003318522000058/exhibit101tsrperformancesh.htm) | | |

| 10.41 | | | | | | [Premium-Priced Stock Option Award Agreement between Equifax Inc. and Mark Begor under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for award granted on July 29, 2022) (incorporated by reference to Exhibit 10.2 to Equifax's Form 10-Q filed October 20, 2022).](https://www.sec.gov/Archives/edgar/data/33185/000003318522000058/exhibit102premiumpricedsto.htm) | | |

| 10.42 | | | | | | [Restricted Stock Unit Award Agreement between Equifax Inc. and Mark Begor under the Equifax Inc. Amended and Restated 2008 Omnibus Incentive Plan (for award granted on July 29, 2022) (incorporated by reference to Exhibit 10.3 to Equifax's Form 10-Q filed October 20, 2022).](https://www.sec.gov/Archives/edgar/data/33185/000003318522000058/exhibit103rsuawardagreemen.htm) | | |

| 4.3 | | | | | | [Fourth Supplemental Indenture dated as of December 17, 2012, between Equifax Inc. and The Bank of New York Mellon Trust Company, N.A. (under which Equifax’s 3.30% Senior Notes due 2022 were issued), to the 1998 Indenture (incorporated by reference to Exhibit 4.2 to Equifax’s Form 8-K filed December 11, 2012).](http://www.sec.gov/Archives/edgar/data/33185/000114420412067432/v330087_ex4-2.htm) | | |

| 4.13 | | | | | | [Eighth Supplemental Indenture, dated as of April 27, 2020, between Equifax Inc. and the Trustee, including the form of 2030 Note as Exhibit A (incorporated by reference to Exhibit 4.2 to Equifax's Form 8-K filed April 27, 2020).](http://www.sec.gov/Archives/edgar/data/33185/000119312520120937/d923316dex42.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) | | |

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: 24, 2022.][added: 23, 2023.]

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: 24, 2022.][added: 23, 2023.]

| Trade accounts receivable | | | | | | [removed: $] [added: $] | [removed: 12.9] [added: 12.9] | | | | | [removed: $] [added: $] | [removed: 0.3] [added: 0.3] | | | | | [removed: $] [added: $] | [removed: —] [added: —] | | | | | [removed: $] [added: $] | [removed: 0.7] [added: 0.7] | | | | | [removed: $] [added: $] | [removed: 13.9] [added: 13.9] | |

| Deferred income tax asset valuation allowance | | | | | | [removed: 382.7] [added: 382.7] | | | | | | [removed: (12.7)] [added: (12.7)] | | | | | | [removed: (198.0)] [added: (198.0)] | | | | | | [removed: 20.0] [added: 20.0] | | | | | | [removed: 192.0] [added: 192.0] | | |

| | | | | | | [removed: $] [added: $] | [removed: 395.6] [added: 395.6] | | | | | [removed: $] [added: $] | [removed: (12.4)] [added: (12.4)] | | | | | [removed: $] [added: $] | [removed: (198.0)] [added: (198.0)] | | | | | [removed: $] [added: $] | [removed: 20.7] [added: 20.7] | | | | | [removed: $] [added: $] | [removed: 205.9] [added: 205.9] | |

| /s/ Karen L. Fichuck | | | | | |

| Karen L. Fichuck | | | | | |

| | | | | | |

| *Director* | | | | | |

2022

| Trade accounts receivable | | | | | | $ | 13.9 | | | | | $ | 8.5 | | | | | $ | — | | | | | $ | (3.3) | | | | | $ | 19.1 | |

| Deferred income tax asset valuation allowance | | | | | | 192.0 | | | | | | (15.4) | | | | | | (9.7) | | | | | | 18.2 | | | | | | 185.1 | | |

| | | | | | | $ | 205.9 | | | | | $ | (6.9) | | | | | $ | (9.7) | | | | | $ | 14.9 | | | | | $ | 204.2 | |

2019

| Trade accounts receivable | | | | | | $ | 10.9 | | | | | $ | 5.4 | | | | | $ | — | | | | | $ | (5.1) | | | | | $ | 11.2 | |

| Deferred income tax asset valuation allowance | | | | | | 431.9 | | | | | | (61.9) | | | | | | (2.0) | | | | | | 11.8 | | | | | | 379.8 | | |

| | | | | | | $ | 442.8 | | | | | $ | (56.5) | | | | | $ | (2.0) | | | | | $ | 6.7 | | | | | $ | 391.0 | |