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SEC Filings

10-K
IHS MARKIT LTD. filed this Form 10-K on 01/18/2019
Entire Document
 

The following table provides a reconciliation of the acquisition-related costs accrued liability as of November 30, 2018 (in millions):
 
Employee
Severance and
Other
Termination
Benefits
 
Contract
Termination
Costs
 
Performance Compensation and Other
 
Total
Balance at November 30, 2015
$

 
$
0.1

 
$
0.3

 
$
0.4

Add: Costs incurred
43.6

 
7.9

 
109.9

 
161.4

Revision to prior estimates

 

 
(0.2
)
 
(0.2
)
Less: Amount paid
(18.9
)
 
0.6

 
(93.3
)
 
(111.6
)
Balance at November 30, 2016
$
24.7

 
$
8.6

 
$
16.7

 
$
50.0

Add: Costs incurred
53.6

 
18.1

 
34.0

 
105.7

Revision to prior estimates
(3.0
)
 
10.4

 
(0.1
)
 
7.3

Less: Amount paid
(61.4
)
 
(19.5
)
 
(26.9
)
 
(107.8
)
Balance at November 30, 2017
$
13.9

 
$
17.6

 
$
23.7

 
$
55.2

Add: Costs incurred
25.2

 
19.8

 
88.3

 
133.3

Revision to prior estimates

 
2.1

 
(0.6
)
 
1.5

Less: Amount paid
(36.6
)
 
(22.7
)
 
(42.7
)
 
(102.0
)
Balance at November 30, 2018
$
2.5

 
$
16.8

 
$
68.7

 
$
88.0


As of November 30, 2018, the $88.0 million remaining liability was primarily in shared services, the Financial Services segment, and the Transportation segment. Approximately $64.0 million of the remaining liability in the Other category is associated with the aM acquisition-related performance compensation liability. We expect that substantially all of the remaining acquisition-related costs accrued liability will be paid in 2019 except for the long-term aM performance compensation liability, which was approximately $21.7 million as of November 30, 2018.

10.
Income Taxes

The amounts of income from continuing operations before income taxes and equity in loss of equity method investee for the years ended November 30, 2018, 2017, and 2016, respectively, is as follows (in millions):

 
2018
 
2017
 
2016
U.K.
$
75.8

 
$
(67.0
)
 
$
(55.4
)
U.S.
(167.5
)
 
28.7

 
(96.4
)
Foreign
516.0

 
410.4

 
294.1

Income from continuing operations before income taxes and equity in loss of equity method investee
$
424.3

 
$
372.1

 
$
142.3


The benefit for income taxes from continuing operations for the years ended November 30, 2018, 2017, and 2016, respectively, is as follows (in millions):


72