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Other comprehensive earnings (loss), net of tax:

$ 794

$ 692

$ 561

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

^[1]

(38)

Unrealized gain on investments in unconsolidated affiliates

^[2]

(27)

Unrealized gain (loss) on foreign currency translation and cash flow hedging

^[3]

(8)

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

^[4]

(3)

Minimum pension liability adjustment

^[5]

Other comprehensive (loss) earnings

(71)

Comprehensive earnings

849

748

490

Less: Comprehensive earnings attributable to noncontrolling interests

Comprehensive earnings attributable to Fidelity National Financial Inc. Common Shareholders

824

707

456

FNF Group Common Stock

Other comprehensive earnings (loss), net of tax:

Comprehensive earnings attributable to Fidelity National Financial Inc. Common Shareholders

709

703

494

FNFV Group Common Stock

Other comprehensive earnings (loss), net of tax:

Comprehensive earnings attributable to Fidelity National Financial Inc. Common Shareholders

$ 115

$ 4

$ (38)

[1]	Net of income tax expense (benefit) of $16 million, $23 million, and $(23) million for the years ended December 31, 2017, 2016 and 2015, respectively.
[2]	Net of income tax expense (benefit) of $7 million, $6 million, and $(17) million for the years ended December 31, 2017, 2016 and 2015, respectively.
[3]	Net of income tax expense (benefit) of $4 million, $1 million, and $(7) million for the years ended December 31, 2017, 2016, and 2015, respectively.
[4]	Net of income tax expense of $2 million for the year ended December 31, 2017.
[5]	Net of income tax expense of $3 million for the years ended December 31, 2017, 2016, and 2015, respectively.

Consolidated Statements of Comprehensive Earnings Consolidated Statements of Comprehensive Earnings (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Unrealized gain (loss) on investments and other financial instruments, net (excluding investments in unconsolidated affiliates), tax	$ 16	$ 23	$ (23)
Unrealized gain (loss) relating to investments in unconsolidated affiliates, tax	7	6	(17)
Unrealized gain (loss) on foreign currency translation and cash flow hedging, tax	4	1	(7)
Reclassification adjustments for change in unrealized gains and losses included in net earnings , tax	2
Minimum pension liability adjustment, tax	$ 3	$ 3	$ 3

Consolidated Statements of Equity - USD ($)
shares in Millions, $ in Millions

Total

BKFS

Spinoff

FNFV

Spinoff

Equity securities

FNF Group Common Stock

Equity securities

FNFV Group Common Stock

Additional Paid-In Capital

Retained Earnings

BKFS

Spinoff

Retained Earnings

FNFV

Spinoff

Accumulated Other Comprehensive Earnings (Loss)

FNFV

Spinoff

Treasury Stock

FNFV

Spinoff

Non-controlling Interests

BKFS

Spinoff

Non-controlling Interests

FNFV

Spinoff

Beginning balance (in shares) at Dec. 31, 2014

279

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

$ 6,073

$ 0

$ 4,855

$ 1,150

$ 2

$ (13)

$ 79

Gain on Black Knight IPO

(43)

(96)

Proceeds Black Knight IPO

475

Purchase of additional interest in consolidated subsidiaries

(6)

Tax benefit associated with the exercise of stock-based compensation

Issuance of restricted stock (shares)

Equity offering costs

(1)

Other comprehensive earnings — unrealized (loss) on investments and other financial instruments

(38)

Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates

(27)

^[1]

(27)

Other comprehensive earnings — unrealized losses on foreign currency translation

(8)

Other comprehensive earnings — minimum pension liability adjustment

^[2]

Shares withheld for taxes and in treasury

(3)

(41)

(14)

$ (14)

Purchases of treasury stock (in shares)

Purchases of treasury stock

(505)

$ (505)

Contributions to noncontrolling interests

(1)

Sale of noncontrolling interest

(27)

Reclassification of redeemable NCI resulting from IPO/share conversion

430

Retirement of treasury shares (in shares)

(12)

Retirement of treasury shares

(186)

$ 186

Dilution of ownership in affiliates

(5)

Spinoff transaction

(94)

(81)

(13)

Subsidiary dividends paid to noncontrolling interests

(222)

(6)

561

527

Ending balance (in shares) at Dec. 31, 2015

6,588

$ 0

4,795

1,374

(69)

$ (346)

834

282

Increase (Decrease) in Temporary Equity [Roll Forward]

715

Reclassification of redeemable NCI resulting from IPO/share conversion

(430)

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

344

Issuance of restricted stock (shares)

Other comprehensive earnings — unrealized (loss) on investments and other financial instruments

(1)

Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates

^[1]

Other comprehensive earnings — unrealized losses on foreign currency translation

Other comprehensive earnings — minimum pension liability adjustment

^[2]

Shares withheld for taxes and in treasury

(9)

$ (9)

Purchases of treasury stock (in shares)

Purchases of treasury stock

(268)

$ (268)

Debt conversions settled in cash

(2)

Subsidiary dividends paid to noncontrolling interests

(240)

(9)

692

650

Ending balance (in shares) at Dec. 31, 2016

6,898

$ 0

4,848

1,784

(13)

$ (623)

902

285

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

344

Other comprehensive earnings — unrealized (loss) on investments and other financial instruments

(1)

Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates

^[3]

Other comprehensive earnings — unrealized losses on foreign currency translation

^[4]

(3)

^[5]

(3)

Subsidiary dividends paid to noncontrolling interests

(68)

(2)

Ending balance (in shares) at Mar. 31, 2017

6,890

$ 0

4,803

1,788

$ (623)

911

285

Beginning balance (in shares) at Dec. 31, 2016

344

285

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

6,898

$ 0

4,848

1,784

(13)

$ (623)

902

Purchase of additional interest in consolidated subsidiaries

(2)

(1)

Issuance of restricted stock (shares)

Other comprehensive earnings — unrealized (loss) on investments and other financial instruments

Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates

^[1]

Other comprehensive earnings — unrealized losses on foreign currency translation

Other comprehensive earnings — minimum pension liability adjustment

^[2]

Shares withheld for taxes and in treasury (in shares)

Shares withheld for taxes and in treasury

(18)

$ (18)

Purchases of treasury stock (in shares)

Purchases of treasury stock

(23)

$ (23)

Sale of noncontrolling interest

(6)

Debt conversions settled in cash

(324)

Black Knight repurchases of BKFS stock

(47)

Spinoff transaction

$ (1,624)

$ (1,069)

$ (823)

$ (1,236)

$ 69

$ 196

$ (801)

$ (98)

Distribution of FNFV to Cannae Holdings (in shares)

(81)

(16)

Subsidiary dividends paid to noncontrolling interests

(279)

(9)

794

771

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

4,467

$ 0

4,587

217

111

$ (468)

288

344

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

344

Other comprehensive earnings — unrealized (loss) on investments and other financial instruments

(9)

Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates

^[3]

Other comprehensive earnings — unrealized losses on foreign currency translation

(1)

^[4]

(1)

(2)

^[5]

(2)

Debt conversions settled in cash

(24)

Subsidiary dividends paid to noncontrolling interests

(82)

(2)

Ending balance (in shares) at Mar. 31, 2018

4,479

$ 0

$ 4,573

$ 360

$ (7)

$ (468)

$ 21

288

Business and Summary of Significant Accounting Policies

$ 344

[1]	Net of income tax expense (benefit) of $7 million, $6 million, and $(17) million for the years ended December 31, 2017, 2016 and 2015, respectively.
[2]	Net of income tax expense of $2 million for the year ended December 31, 2017.
[3]	Net of income tax expense of $1 million and $4 million for the three-month periods ended March 31, 2018 and 2017, respectively.
[4]	Net of income tax (benefit) expense of less than $(1) million and $1 million for the three-month periods ended March 31, 2018 and 2017, respectively.
[5]	Net of income tax expense of $1 million and $2 million for the three-month periods ended March 31, 2018 and 2017, respectively.

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net earnings	$ 794	$ 692	$ 561
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	389	431	410
Equity in losses of unconsolidated affiliates	(2)	(8)	(16)
Net loss on sales of investments and other assets, net	16	2	13
Gain on sale of OneDigital	(276)	0	0
Gain on sale of Cascade Timberlands	0	0	(12)
Stock-based compensation	44	58	56
Changes in assets and liabilities, net of effects from acquisitions:
Net (increase) decrease in trade receivables	(11)	(14)	7
Net increase in prepaid expenses and other assets	(60)	(4)	(95)
Net (decrease) increase in accounts payable, accrued liabilities, deferred revenue and other	(31)	87	(2)
Net increase (decrease) in reserve for title claim losses	3	(96)	(38)
Net change in income taxes	(133)	(2)	37
Net cash provided by operating activities	737	1,162	953
Cash Flows From Investing Activities:
Proceeds from sales of investment securities available for sale	434	238	775
Proceeds from calls and maturities of investment securities available for sale	626	452	383
Proceeds from sales of other assets	4	6	2
Proceeds from the sale of cost method and other investments	21	36	14
Additions to property and equipment and capitalized software	(149)	(290)	(241)
Purchases of investment securities available for sale	(659)	(589)	(1,092)
Purchases of other long-term investments	(86)	0	(27)
Net (purchases of) proceeds from short-term investment activities	(26)	547	(685)
Contributions to investments in unconsolidated affiliates	(78)	(166)	(97)
Distributions from unconsolidated affiliates	104	139	353
Net other investing activities	(7)	(7)	(11)
Proceeds from the sale of OneDigital	325	0	0
Acquisition of T-System Holding LLC, net of cash acquired	(202)	0	0
Acquisition of Title Guaranty of Hawaii, net of cash acquired	(93)	0	0
Acquisition of BPG Holdings, LLC, net of cash acquired	0	0	(43)
Proceeds from sale of Cascade Timberlands	0	0	56
Acquisition of Commissions, Inc., net of cash acquired	0	(229)	0
Acquisition of eLynx Holdings, Inc., net of cash acquired	0	(115)	0
Acquisitions of Real Geeks, LLC and Sky Slope, Inc., net of cash acquired	(82)	0	0
Other acquisitions/disposals of businesses, net of cash acquired	(105)	(213)	(68)
Net cash (used in) provided by investing activities	79	(191)	(681)
Cash Flows From Financing Activities:
Net change in secured trust deposits	(30)	160	79
Borrowings	785	132	1,360
Debt service payments	(996)	(200)	(1,359)
Additional investment in noncontrolling interest	(2)	0	(6)
Equity portion of debt conversions paid in cash	(317)	(2)	0
Proceeds from Black Knight IPO	0	0	475
Debt and equity issuance costs	0	0	(1)
Black Knight treasury stock repurchases of BKFS stock	(47)	0	0
Cash transferred in spin-off	(22)	0	0
Dividends paid	(278)	(239)	(220)
Subsidiary dividends paid to noncontrolling interest shareholders	(9)	(9)	(6)
Exercise of stock options	31	19	26
Payment for shares withheld for taxes and in treasury	(18)	(9)	(13)
Purchases of treasury stock	(23)	(276)	(498)
Net cash used in financing activities	(1,029)	(428)	(193)
Net decrease in cash and cash equivalents	(213)	543	79
Cash and cash equivalents at beginning of period	1,323	780	701
Cash and cash equivalents at end of period	1,110	1,323	780
Black Knight Financial Services, Inc.
Cash Flows From Financing Activities:
Equity portion of debt conversions paid in cash	0	0	(17)
Digital Insurance, Inc.
Cash Flows From Financing Activities:
Payment of contingent consideration for prior period acquisitions	(16)	(4)	0
New Remy Corporation
Cash Flows From Financing Activities:
Cash transferred in spin-off	0	0	(13)
J. Alexander's, LLC
Cash Flows From Financing Activities:
Cash transferred in spin-off	$ (87)	$ 0	$ 0

Business and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

The following describes the business and significant accounting policies of Fidelity National Financial, Inc. and its subsidiaries (collectively, “we,” “us,” “our,” "the Company" or “FNF”) which have been followed in preparing the accompanying Consolidated Financial Statements.

Description of Business

We are a leading provider of (i) title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty products and (ii) technology and transaction services to the real estate and mortgage industries. FNF is the nation’s largest title insurance company operating through its title insurance underwriters - Fidelity National Title Insurance Company ("FNTIC"), Chicago Title Insurance Company ("Chicago Title"), Commonwealth Land Title Insurance Company ("Commonwealth Title"), Alamo Title Insurance and National Title Insurance of New York Inc. - which collectively issue more title insurance policies than any other title company in the United States. Through our subsidiary, ServiceLink Holdings, LLC ("ServiceLink"), we provide mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans.

For information about our reportable segments, refer to Note R Segment Information.

Recent Developments

On November 30, 2017, FGL Holdings (formerly known as CF Corporation), a Cayman Islands exempted company, consummated its previously announced acquisition of Fidelity & Guaranty Life, a Delaware corporation (“FGL”), pursuant to the Agreement and Plan of Merger, dated as of May 24, 2017, as amended (the “Merger Agreement”), by and among CF Corporation, FGL, and certain subsidiaries of CF Corporation and FGL (collectively, the "FGL Merger"). In connection with the FGL Merger, FNF received 13,732,000 common shares and 100,000 Series B Cumulative Preferred ("FG Preferred") shares in exchange for an aggregate investment of $213 million. As of December 31, 2017 FNF owns 16,732,000 common shares, inclusive of 3,000,000 common shares of CF Corporation held prior to the FGL Merger, and 100,000 FG Preferred shares with an aggregate market value of $246 million and we own approximately 8.5% of the outstanding common equity of FGL. The Company’s non-executive Chairman, William P. Foley, II, is also the Co-Executive Chairman of FGL.

On November 17, 2017 we completed our previously announced split-off (the “FNFV Split-Off”) of our former wholly-owned subsidiary Cannae Holdings, Inc. (“Cannae”) which consisted of the businesses, assets and liabilities formerly attributed to our FNF Ventures ("FNFV") Group including Ceridian Holding, LLC, American Blue Ribbon Holdings, LLC and T-System Holding LLC. The FNFV Split-Off was accomplished by the Company's redemption (the “Redemption”) of all of the outstanding shares of FNFV Group common stock, par value $0.0001 per share (“FNFV common stock”) for outstanding shares of common stock of Cannae, par value $0.0001 per share (“Cannae common stock”), amounting to a redemption on a per share basis of each outstanding share of FNFV common stock for one share of Cannae common stock, as of November 17, 2017. As a result of the FNFV Split-Off, Cannae is a separate, publicly traded company (NYSE: CNNE). All of the Company’s core title insurance, real estate, technology and mortgage related businesses, assets and liabilities currently attributed to the Company’s FNF Group common stock that are not held by Cannae remain with the Company. As a result of the FNFV Split-Off, we have reclassified the assets and liabilities divested as assets and liabilities of discontinued operations in our Consolidated Balance Sheet as of December 31, 2016. Further, the financial results of FNFV Group have been reclassified to discontinued operations for all periods presented in our Consolidated Statements of Earnings. See Note G. Discontinued Operations for further details of the results of FNFV Group.

On November 17, 2017, Frank P. Willey resigned from our Board of Directors.

On September 29, 2017 we completed our tax-free distribution, to FNF Group shareholders of all 83.3 million shares of New BKH Corp. ("New BKH") common stock that we previously owned (the “BK Distribution”). Immediately following the BK Distribution, New BKH and Black Knight Financial Services, Inc. ("Black Knight") engaged in a series of transactions resulting in the formation of a new publicly-traded holding company, Black Knight, Inc. ("New Black Knight"). Holders of FNF Group common stock received approximately 0.30663 shares of New Black Knight common stock for every one share of FNF Group common stock held at the close of business on September 20, 2017, the record date for the BK Distribution. New Black Knight's common stock is now listed under the symbol “BKI” on the New York Stock Exchange. The BK Distribution is expected to generally be tax-free to FNF Group shareholders for U.S. federal income tax purposes, except to the extent of any cash received in lieu of New Black Knight's fractional shares. As a result of the BK Distribution, we have reclassified the assets and liabilities divested as assets and liabilities of discontinued operations in our Consolidated Balance Sheet as of December 31, 2016. Further, the financial results of Black Knight have been reclassified to discontinued operations for all periods presented in our Consolidated Statements of Earnings. See Note G. Discontinued Operations for further details of the results of Black Knight.

On August 31, 2017, we completed our acquisition of 90% of the membership interests of Title Guaranty of Hawaii ("Title Guaranty") for $98 million. Title Guaranty was previously an unaffiliated agent of Chicago Title and will continue to be closely aligned with Chicago Title as it formally becomes part of the FNF title company family. Founded in 1896, Title Guaranty is the oldest title company in the State of Hawaii and is a leading provider of title and escrow services, with more than 300 employees in branches across the State of Hawaii providing title insurance and real estate closing services. See Note B. Acquisitions for further discussion.

On May 3, 2017, our Board of Directors adopted a resolution to increase the size of our Board of Directors to thirteen and elected Heather H. Murren to serve on our Board of Directors. Ms. Murren will serve in Class I of our Board of Directors, and her term will expire at the annual meeting of our shareholders to be held in 2018. In January 2018, Ms. Murren was appointed to the Audit Committee of our Board.

Effective March 1, 2017, three of the Company’s title insurance underwriters, Fidelity National Title Insurance Company, Chicago Title Insurance Company and Commonwealth Land Title Insurance Company, redomesticated from their respective former states of domicile to Florida (the "Redomestication"). In conjunction with the Redomestication, the Company received a special dividend of $280 million from these title insurance underwriters on March 15, 2017.

Principles of Consolidation and Basis of Presentation

The accompanying Consolidated Financial Statements are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and include our accounts as well as our wholly-owned and majority-owned subsidiaries. All intercompany profits, transactions and balances have been eliminated. Our investments in non-majority-owned partnerships and affiliates are accounted for using the equity method until such time that they become wholly or majority-owned. Earnings attributable to noncontrolling interests are recorded on the Consolidated Statements of Earnings relating to majority-owned subsidiaries with the appropriate noncontrolling interest that represents the portion of equity not related to our ownership interest recorded on the Consolidated Balance Sheets in each period.

Investments

Fixed maturity securities are purchased to support our investment strategies, which are developed based on factors including rate of return, maturity, credit risk, duration, tax considerations and regulatory requirements. Fixed maturity securities which may be sold prior to maturity to support our investment strategies are carried at fair value and are classified as available for sale as of the balance sheet dates. Fair values for fixed maturity securities are principally a function of current market conditions and are valued based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly. Discount or premium is recorded for the difference between the purchase price and the principal amount. The discount or premium is amortized or accrued using the interest method and is recorded as an adjustment to interest and investment income. The interest method results in the recognition of a constant rate of return on the investment equal to the prevailing rate at the time of purchase or at the time of subsequent adjustments of book value. Changes in prepayment assumptions are accounted for retrospectively.

Equity securities and preferred stocks held are considered to be available for sale and carried at fair value as of the balance sheet dates. Our equity securities and certain preferred stocks are Level 1 financial assets and fair values are based on quoted prices in active markets. Other preferred stock holdings are Level 2 financial assets and are valued based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly.

Investments in unconsolidated affiliates are recorded using the equity method of accounting.

Other long-term investments consist of various cost-method investments and company-owned life insurance policies. The cost-method investments are carried at historical cost. The carrying value of our cost-method investments is $78 million and $6 million, at December 31, 2017 and 2016, respectively. Company-owned life insurance policies are carried at cash surrender value.

Short-term investments, which consist primarily of commercial paper and money market instruments, which have an original maturity of one year or less, are carried at amortized cost, which approximates fair value.

Realized gains and losses on the sale of investments are determined on the basis of the cost of the specific investments sold and are credited or charged to income on a trade date basis. Unrealized gains or losses on securities which are classified as available for sale, net of applicable deferred income tax expenses (benefits), are excluded from earnings and credited or charged directly to a separate component of equity. If any unrealized losses on available for sale securities are determined to be other-than-temporary, such unrealized losses are recognized as realized losses. Unrealized losses are considered other-than-temporary if factors exist that cause us to believe that the value will not increase to a level sufficient to recover our cost basis. Some factors considered in evaluating whether or not a decline in fair value is other-than-temporary include: (i) our need and intent to sell the investment prior to a period of time sufficient to allow for a recovery in value; (ii) the duration and extent to which the fair value has been less than cost; and (iii) the financial condition and prospects of the issuer. Such reviews are inherently uncertain and the value of the investment may not fully recover or may decline in future periods resulting in a realized loss.

Cash and Cash Equivalents

Highly liquid instruments purchased as part of cash management with original maturities of three months or less are considered cash equivalents. The carrying amounts reported in the Consolidated Balance Sheets for these instruments approximate their fair value.

Fair Value of Financial Instruments

The fair values of financial instruments presented in the Consolidated Financial Statements are estimates of the fair values at a specific point in time using available market information and appropriate valuation methodologies. These estimates are subjective in nature and involve uncertainties and significant judgment in the interpretation of current market data. We do not necessarily intend to dispose of or liquidate such instruments prior to maturity.

Trade and Notes Receivables

The carrying values reported in the Consolidated Balance Sheets for trade and notes receivables approximate their fair value.

Goodwill

Goodwill represents the excess of cost over fair value of identifiable net assets acquired and assumed in a business combination. Goodwill and other intangible assets with indefinite useful lives are reviewed for impairment annually or more frequently if circumstances indicate potential impairment, through a comparison of fair value to the carrying amount. In evaluating the recoverability of goodwill, we perform an annual goodwill impairment analysis based on a review of qualitative factors to determine if events and circumstances exist which will lead to a determination that the fair value of a reporting unit is greater than its carrying amount, prior to performing a full fair-value assessment.

We completed annual goodwill impairment analyses in the fourth quarter of each period presented using a September 30 measurement date and as a result no goodwill impairments have been recorded. For the years ended December 31, 2017 and 2016, we determined there were no events or circumstances which indicated that the carrying value exceeded the fair value.

Other Intangible Assets

We have other intangible assets, not including goodwill, which consist primarily of customer relationships and contracts, trademarks and tradenames, and computer software, which are generally recorded in connection with acquisitions at their fair value. Intangible assets with estimable lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. In general, customer relationships are amortized over their estimated useful lives, generally 10 years, using an accelerated method which takes into consideration expected customer attrition rates. Contractual relationships are generally amortized over their contractual life. Trademarks and tradenames are generally amortized over 10 years. Capitalized software includes the fair value of software acquired in business combinations, purchased software and capitalized software development costs. Purchased software is recorded at cost and amortized using the straight-line method over its estimated useful life. Software acquired in business combinations is recorded at its fair value and amortized using straight-line or accelerated methods over its estimated useful life, ranging from 5 to 10 years. For internal-use computer software products, internal and external costs incurred during the preliminary project stage are expensed as they are incurred. Internal and external costs incurred during the application development stage are capitalized and amortized on a product by product basis commencing on the date the software is ready for its intended use. We do not capitalize any costs once the software is ready for its intended use.

We recorded $1 million in impairment expense to other intangible assets during the years ended December 31, 2017 and 2016. The impairment in 2017 was for computer software at ServiceLink. The impairment in 2016 was for customer relationships and tradenames at our real estate subsidiaries in our Corporate and Other segment. We recorded no impairment expense related to other intangible assets in the year ended December 31, 2015.

Title Plants

Title plants are recorded at the cost incurred to construct or obtain and organize historical title information to the point it can be used to perform title searches. Costs incurred to maintain, update and operate title plants are expensed as incurred. Title plants are not amortized as they are considered to have an indefinite life if maintained. Sales of title plants are reported at the amount received net of the adjusted costs of the title plant sold. Sales of title plant copies are reported at the amount received. No cost is allocated to the sale of copies of title plants unless the carrying value of the title plant is diminished or impaired. Title plants are reviewed for impairment whenever events or circumstances indicate that the carrying amounts may not be recoverable. We reviewed title plants for impairment but recorded no impairment expense related to title plants in the years ended December 31, 2017 or 2016. We reviewed title plants for impairment in the year ended December 31, 2015 and identified and recorded impairment expense of $1 million.

Property and Equipment

Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is computed primarily using the straight-line method based on the estimated useful lives of the related assets: twenty to thirty years for buildings and three to twenty-five years for furniture, fixtures and equipment. Leasehold improvements are amortized on a straight-line basis over the lesser of the term of the applicable lease or the estimated useful lives of such assets. Property and equipment are reviewed for impairment whenever events or circumstances indicate that the carrying amounts may not be recoverable.

Reserve for Title Claim Losses

Our reserve for title claim losses includes known claims as well as losses we expect to incur, net of recoupments. Each known claim is reserved based on our review as to the estimated amount of the claim and the costs required to settle the claim. Reserves for claims which are incurred but not reported are established at the time premium revenue is recognized based on historical loss experience and also take into consideration other factors, including industry trends, claim loss history, current legal environment, geographic considerations and the type of policy written.

The reserve for title claim losses also includes reserves for losses arising from closing and disbursement functions due to fraud or operational error.

If a loss is related to a policy issued by an independent agent, we may proceed against the independent agent pursuant to the terms of the agency agreement. In any event, we may proceed against third parties who are responsible for any loss under the title insurance policy under rights of subrogation.

Secured Trust Deposits

In the state of Illinois, a trust company is permitted to commingle and invest customers’ assets with its own assets, pending completion of real estate transactions. Accordingly, our Consolidated Balance Sheets reflect a secured trust deposit liability of $830 million and $860 million at December 31, 2017 and 2016, respectively, representing customers’ assets held by us and corresponding assets including cash and investments pledged as security for those trust balances.

Income Taxes

We recognize deferred tax assets and liabilities for temporary differences between the financial reporting basis and the tax basis of our assets and liabilities and expected benefits of utilizing net operating loss and credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The impact on deferred taxes of changes in tax rates and laws, if any, is applied to the years during which temporary differences are expected to be settled and reflected in the financial statements in the period enacted.

Reinsurance

In a limited number of situations, we limit our maximum loss exposure by reinsuring certain risks with other insurers. We also earn a small amount of additional income, which is reflected in our direct premiums, by assuming reinsurance for certain risks of other insurers. We cede a portion of certain policy and other liabilities under agent fidelity, excess of loss and case-by-case reinsurance agreements. Reinsurance agreements provide that in the event of a loss (including costs, attorneys’ fees and expenses) exceeding the retained amounts, the reinsurer is liable for the excess amount assumed. However, the ceding company remains primarily liable in the event the reinsurer does not meet its contractual obligations.

Revenue Recognition

Title. Our direct title insurance premiums and escrow, title-related and other fees are recognized as revenue at the time of closing of the related transaction as the earnings process is then considered complete.

Premium revenues from agency operations and agency commissions include an accrual based on estimates using historical information of the volume of transactions that have closed in a particular period for which premiums have not yet been reported to us. The accrual for agency premiums is necessary because of the lag between the closing of these transactions and the reporting of these policies to us by the agent. Historically, the time lag between the closing of these transactions by our agents and the reporting of these policies, or premiums, to us has been up to 15 months, with 84 - 88% reported within three months following closing, an additional 9 - 12% reported within the next three months and the remainder within seven to fifteen months. In addition to accruing these earned but unreported agency premiums, we also accrue agent commission expense, which was 76.7%, of agent premiums earned in 2017, 76.1% of agent premiums earned in 2016, and 76.0% of agent premiums earned in 2015. We also record a provision for claim losses at the provision rate at the time we record the accrual for the premiums, which averaged 4.9% for 2017, 5.4%, excluding the release of excess reserves relating to prior years of $97 million, for 2016, and 5.7% for 2015 and accruals for premium taxes and other expenses relating to our premium accrual. The resulting impact to pretax earnings in any period is approximately 11% or less of the accrued premium amount. The impact of the change in the accrual for agency premiums and related expenses on our pretax earnings was an increase of $1 million for the year ended December 31, 2017, an increase of $4 million for the year ended 2016 and a decrease of $5 million for the year ended 2015. The amount due from our agents relating to this accrual, i.e., the agent premium less their contractual retained commission, was approximately $55 million and $53 million at December 31, 2017 and 2016, respectively, which represents agency premiums of approximately $280 million and $267 million at December 31, 2017 and 2016, respectively, and agent commissions of $225 million and $214 million at December 31, 2017 and 2016, respectively.

Revenues from home warranty products are recognized over the life of the policy, which is one year. The unrecognized portion is recorded as deferred revenue in accounts payable and other accrued liabilities in the Consolidated Balance Sheets.

Comprehensive Earnings (Loss)

We report Comprehensive earnings (loss) in accordance with GAAP on the Consolidated Statements of Comprehensive Earnings. Total comprehensive earnings are defined as all changes in shareholders' equity during a period, other than those resulting from investments by and distributions to shareholders. While total comprehensive earnings is the activity in a period and is largely driven by net earnings in that period, accumulated other comprehensive earnings or loss represents the cumulative balance of other comprehensive earnings, net of tax, as of the balance sheet date. Amounts reclassified to net earnings relate to the realized gains (losses) on our investments and other financial instruments, excluding investments in unconsolidated affiliates, and are included in Realized gains and losses, net on the Consolidated Statements of Earnings.

Changes in the balance of Other comprehensive earnings (loss) by component are as follows:



	Unrealized gain on investments and other financial instruments, net (excluding investments in unconsolidated affiliates)		Unrealized (loss) gain relating to investments in unconsolidated affiliates			Unrealized (loss) gain on foreign currency translation and cash flow hedging			Minimum pension liability adjustment			Total Accumulated Other Comprehensive (Loss) Earnings
	(In millions)
Balance December 31, 2015	48		(78		)	(15		)	(24		)	(69		)
Other comprehensive earnings	38		10			2			6			56
Balance December 31, 2016	86		(68		)	(13		)	(18		)	(13		)
Other comprehensive earnings	25		12			6			9			52
Reclassification adjustments	3		—			—			—			3
Distribution of FNFV to Cannae Holdings	2		67			—			—			69
Balance December 31, 2017	$	116	$	11		$	(7	)	$	(9	)	$	111

Redeemable Non-controlling Interest

Subsequent to our acquisition of Lender Processing Services, Inc. ("LPS") in January 2014, we issued a 35% ownership interest in ServiceLink to funds affiliated with Thomas H. Lee Partners ("THL" or "the minority interest holder"). THL has an option to put its ownership interests of ServiceLink to us if no public offering of the corresponding business was consummated after four years from the date of FNF's purchase of LPS. The units owned by THL (the "redeemable noncontrolling interests") may be settled in cash or common stock of FNF or a combination of both at our election. As of January 2018, no public offering was made and the redeemable noncontrolling interests were no longer subject to a holding requirement. The redeemable noncontrolling interests will be settled at the current fair value at the time we receive notice of THL's put election as determined by the parties or by a third party appraisal under the terms of the Unit Purchase Agreement. As a result of a recapitalization of ServiceLink in 2015, the ownership interest by the minority interest holder was reduced from 35% to 21%. As of December 31, 2017, we do not believe the exercise of their remaining put right in ServiceLink to be probable.

As these redeemable noncontrolling interests provide for redemption features not solely within our control, we classify the redeemable noncontrolling interests outside of permanent equity. Redeemable noncontrolling interests held by third parties in subsidiaries owned or controlled by FNF is reported on the Consolidated Balance Sheet outside permanent of equity; and the Consolidated Statement of Earnings reflects the respective redeemable noncontrolling interests in Net earnings (loss) attributable to non-controlling interests, the effect of which is removed from the net earnings attributable to Fidelity National Financial, Inc. common shareholders.

Earnings Per Share

Basic earnings per share, as presented on the Consolidated Statement of Earnings, is computed by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding during the period. In periods when earnings are positive, diluted earnings per share is calculated by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding plus the impact of assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted earnings per share is equal to basic earnings per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain stock options, shares of restricted stock, convertible debt instruments and certain other convertible share based payments which have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported.

Options or other instruments which provide the ability to purchase shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share. For the year ended December 31, 2017, no antidilutive options were outstanding. For the year ended December 31, 2016 and 2015, options to purchase two million shares and one million shares, respectively, of our common stock were excluded from the computation of diluted earnings per share.

Basic and diluted earnings per share attributable to our former FNFV group common stock for the 2017 period were calculated using weighted average shares outstanding through the date of the FNFV Split-off, November 17, 2017.

Stock-Based Compensation Plans

We account for stock-based compensation plans using the fair value method. Using the fair value method of accounting, compensation cost is measured based on the fair value of the award at the grant date, using the Black-Scholes Model, and recognized over the service period.

Management Estimates

The preparation of these Consolidated Financial Statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Certain Reclassifications

Certain reclassifications have been made in the 2016 and 2015 Consolidated Financial Statements to conform to classifications used in 2017. These reclassifications have not changed net earnings or total equity, as previously reported.

See Note G. Discontinued Operations for further information on reclassifications related to disposed businesses.

As of December 31, 2017, we have reclassified our Computer software to Other intangible assets, net. The impact for the Consolidated Balance Sheet as of December 31, 2016 was a decrease to Computer software and corresponding increase to Other intangible assets, net of $114 million. See Note H. Other Intangible Assets for further details.

Acquisitions

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Acquisitions

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

Title

Title Guaranty of Hawaii

On August 31, 2017, FNF Group completed its acquisition of 90% of the membership interest of Title Guaranty of Hawaii ("Title Guaranty") for $98 million. Title Guaranty was previously an unaffiliated agent and will continue to be closely aligned with Chicago Title as it formally becomes part of the FNF title company family. Founded in 1896, Title Guaranty is the oldest title company in the State of Hawaii and is a leading provider of title and escrow services, with more than 300 employees in branches across the State of Hawaii providing title insurance and real estate closing services. The acquisition does not meet the definition of "significant" pursuant to Article 3 of Regulation S-X (§210.3-05). Further, the results of operations are not material to our historical financial statements.

We paid total consideration, net of cash received, of $93 million in exchange for 90% of the equity interests of Title Guaranty. The total cash consideration paid was as follows (in millions):



Total cash paid	$	98
Less: Cash acquired	(5		)
Total net consideration paid	$	93

The purchase price has been initially allocated to Title Guaranty's assets acquired and liabilities assumed based on our best estimates of their fair values as of the acquisition date. Goodwill has been recorded based on the amount that the purchase price exceeds the fair value of the net assets acquired. The goodwill recorded is expected to be deductible for tax purposes. These estimates are preliminary and subject to adjustments as we complete our valuation process with respect to Title plant, Goodwill, and Other intangible assets.

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



	Fair Value
Accounts receivable	$	1
Property and equipment	4
Other intangible assets	60
Goodwill	40
Title plant	3
Prepaid expenses and other	1
Total assets acquired	109
Accounts payable and accrued liabilities	5
Total liabilities assumed	5
Non-controlling interests assumed	11
Total liabilities and equity assumed	16
Net assets acquired	$	93

The gross carrying value and weighted average estimated useful lives of Property and equipment and Other intangible assets acquired in the Title Guaranty acquisition consist of the following (dollars in millions):



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Property and equipment	$	4	5
Other intangible assets:
Customer relationships	52		10
Trade name	7		10
Non-compete agreements	1		5
Total Other intangible assets	60
Total	$	64

Other Title Acquisitions

During the year ended December 31, 2016, we completed several acquisitions of businesses (the "Title Acquisitions") aligned with our Title segment. The Title Acquisitions do not meet the definition of "significant", individually or in the aggregate, pursuant to Article 3 of Regulation S-X (§210.3-05). Further, their historical results of operations are not material to our financial statements.

We paid total consideration, net of cash received, of $89 million in exchange for the assets and/or equity interests of the Title Acquisitions. The total consideration paid was as follows (in millions):



Cash paid	$	92
Less: Cash acquired	(3		)
Total net consideration paid	$	89

The purchase price has been allocated to the Title Acquisitions' assets acquired and liabilities assumed based on our best estimates of their fair values as of the acquisition date. Goodwill has been recorded based on the amount that the purchase price exceeds the fair value of the net assets acquired.

The following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed for the Title Acquisitions as of the acquisition date (in millions):



	Fair Value
Trade and notes receivable	$	5
Other intangible assets	68
Goodwill	48
Prepaid expenses and other assets	1
Title plant	2
Property and equipment, net	3
Total assets acquired	127
Accounts payable and accrued liabilities	30
Deferred tax liability	8
Total liabilities assumed	38
Net assets acquired	$	89

The gross carrying value and weighted average estimated useful lives of Computer software and Other intangible assets acquired in the Title Acquisitions consist of the following (dollars in millions):



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Other intangible assets:
Customer relationships	$	57	10
Trade name	6		10
Non-compete agreements	1		5
Computer software	2		3
Other	2		1
Total Other intangible assets	$	68

Corporate and Other

Real Geeks and SkySlope

During the year ended December 31, 2017, CINC and FNF completed their acquisitions of Real Geeks, LLC ("RG") and SkySlope, Inc. ("SS"), respectively (together, the "Real Estate Technology Acquisitions"). The Real Estate Technology Acquisitions were made to supplement our Commissions, Inc. ("CINC") business. The Real Estate Technology Acquisitions do not meet the definition of "significant", individually or in the aggregate, pursuant to Article 3 of Regulation S-X (§210.3-05). Further, their historical results of operations are not material to our financial statements.

CINC and FNF paid total aggregate consideration, net of cash received, of $98 million in exchange for 100% and 67% of the equity interests of RG and SS, respectively. The total consideration paid was as follows (in millions):



Total purchase price	$	101
Less: Cash acquired	(3		)
Total net assets acquired	98
Less: Contingent consideration payable	(16		)
Total net cash paid	$	82

The purchase price has been allocated to the Real Estate Technology Acquisitions' assets acquired and liabilities assumed based on our best estimates of their fair values as of the acquisition date. Goodwill has been recorded based on the amount that the purchase price exceeds the fair value of the net assets acquired. $37 million of the goodwill recorded is expected to be deductible for tax purposes. These estimates are preliminary and subject to adjustments as we complete our valuation process with respect to Goodwill and Other intangible assets.

The following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed for the Real Estate Technology Acquisitions as of the acquisition date (in millions):



	Fair Value
Other intangible assets	$	38
Goodwill	92
Property and equipment, net	1
Total assets acquired	131
Accounts payable and accrued liabilities	1
Deferred tax liability	9
Total liabilities assumed	10
Non-controlling interests	23
Total liabilities and equity assumed	33
Net assets acquired	$	98

The gross carrying value and weighted average estimated useful lives of the Other intangible assets acquired in the Real Estate Technology Acquisitions consist of the following (dollars in millions):



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Property and equipment, net	$	1	1 - 5
Other intangible assets:
Customer relationships	14		10
Trade name	5		10
Non-compete agreements	2		5
Computer software	17		7
Total Other intangible assets	$	38

Commissions, Inc.

On August 23, 2016, we completed our acquisition of CINC, a leading provider of web-based real estate marketing and customer relationship management software for elite Realtors® and agent teams across North America, for $229 million. CINC’s product offerings include software, marketing and services designed to enhance the productivity and sales results of elite Realtors® and agent teams through lead generation and proactive lead management. CINC's financial position and results of operations from the acquisition date are included in our Corporate and Other segment. The acquisition does not meet the definition of "significant" pursuant to Article 3 of Regulation S-X (§210.3-05). Further, the results of operations are not material to our historical financial statements.

We paid total consideration, net of cash received, of $229 million in exchange for 95% of the equity interests of CINC. The total consideration paid was as follows (in millions):



Cash paid	$	240
Less: Cash Acquired	(11		)
Total net consideration paid	$	229

The purchase price has been initially allocated to CINC's assets acquired and liabilities assumed based on our best estimates of their fair values as of the acquisition date. Goodwill has been recorded based on the amount that the purchase price exceeds the fair value of the net assets acquired.



	Fair Value
Trade and notes receivable, net	$	1
Prepaid and other assets	2
Other intangible assets	90
Goodwill	165
Income taxes receivable	2
Total assets acquired	260
Accounts payable and accrued liabilities	7
Deferred tax liability	12
Total liabilities assumed	19
Non-controlling interests	12
Total liabilities and equity assumed	31
Net assets acquired	$	229

The gross carrying value and weighted average estimated useful lives of Computer software and Other intangible assets acquired in the CINC acquisition consist of the following (dollars in millions):



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Other intangible assets:
Customer relationships	$	46	10
Tradename	13		10
Computer software	28		7
Non-compete agreements	3		4
Total Other intangible assets	$	90

For comparative purposes, selected unaudited pro-forma consolidated results of operations of FNF for the years ended December 31, 2016 and 2015 are presented below. Pro-forma results presented assume the consolidation of CINC occurred as of the beginning of the 2015 period. Amounts reflect our 95% ownership interest in CINC and are adjusted to exclude costs directly attributable to the acquisition of CINC, including transaction costs.



	Year ended December 31,
	2016		2015
Total revenues	$	7,285	$	6,695
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	653		529

Fair Value Measurements

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Fair Value Measurements

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



	March 31, 2018
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	—	$	245	$	—	$	245
State and political subdivisions	—		230		—		230
Corporate debt securities	—		1,183		13		1,196
Mortgage-backed/asset-backed securities	—		53		—		53
Foreign government bonds	—		58		—		58
Preferred securities	23		293		—		316
Equity securities	677		—		—		677
Other long-term investments	—		—		101		101
Total assets	$	700	$	2,062	$	114	$	2,876



	December 31, 2017
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	—	$	195	$	—	$	195
State and political subdivisions	—		391		—		391
Corporate debt securities	—		1,117		—		1,117
Mortgage-backed/asset-backed securities	—		56		—		56
Foreign government bonds	—		57		—		57
Preferred securities	23		296		—		319
Equity securities	681		—		—		681
Total assets	$	704	$	2,112	$	—	$	2,816

Our Level 2 fair value measures for preferred securities and fixed-maturity securities available for sale are provided by a third-party pricing service. We utilize one firm for our preferred stock and our bond portfolios. The pricing service is a leading global provider of financial market data, analytics and related services to financial institutions. The inputs utilized in these pricing methodologies include observable measures such as benchmark yields, reported trades, broker dealer quotes, issuer spreads, two sided markets, benchmark securities, bids, offers and reference data including market research publications. We review the pricing methodologies for all of our Level 2 securities by obtaining an understanding of the valuation models and assumptions used by the third-party as well as independently comparing the resulting prices to other publicly available measures of fair value and internally developed models. The pricing methodologies used by the relevant third party pricing services are as follows:


•	U.S. government and agencies: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers.


•	State and political subdivisions: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers. Factors considered include relevant trade information, dealer quotes and other relevant market data.


•	Corporate debt securities: These securities are valued based on dealer quotes and related market trading activity. Factors considered include the bond's yield, its terms and conditions, or any other feature which may influence its risk and thus marketability, as well as relative credit information and relevant sector news.


•	Foreign government bonds: These securities are valued based on a discounted cash flow model incorporating observable market inputs such as available broker quotes and yields of comparable securities.


•	Mortgage-backed/asset-backed securities: These securities are comprised of commercial mortgage-backed securities, agency mortgage-backed securities, collateralized mortgage obligations, and asset-backed securities. They are valued based on available trade information, dealer quotes, cash flows, relevant indices and market data for similar assets in active markets.


•	Preferred securities: Preferred securities are valued by calculating the appropriate spread over a comparable U.S. Treasury security. Inputs include benchmark quotes and other relevant market data.

In conjunction with our adoption of ASU No. 2016-01, beginning January 1, 2018, we began recording certain equity investments included in other long term investments at fair value which were previously accounted for as cost method investments. See discussion of Recent Accounting Pronouncements in Note A. Basis of Financial Statements for further information on the impact of the adoption of ASU No. 2016-01.

Our Level 3 fair value measures for other long term investments are provided by a third-party pricing service. We utilize one firm to value our Level 3 other long term investment. The pricing service is a leading global provider of financial market data, analytics and related services to financial institutions. We utilize the income approach and a discounted cash flow analysis in determining the fair value of our Level 3 other long term investment. The primary unobservable input utilized in this pricing methodology is the discount rate used which is determined based on underwriting yield, credit spreads, yields on benchmark indices, and comparable public company debt. The discount rate used in our determination of the fair value of our Level 3 other long term investment as of March 31, 2018 was 8.0%. Based on the total fair value of our Level 3 other long term investment as of March 31, 2018, changes in the discount rate utilized will not result in a fair value significantly different than the amount recorded.

The following table presents a summary of the changes in the fair values of Level 3 assets, measured on a recurring basis, for the three months ended March 31, 2018.



	March 31, 2018
	Other long-term		Corporate debt
	investments		securities		Total
	(In millions)
Fair value, December 31, 2017	$	—	$	—	$	—
Fair value of assets associated with the adoption of ASU 2016-01	100		—		100
Transfers from Level 2	—		13		13
Paid-in-kind dividends	1		—		1
Total	$	101	$	13	$	114

Transfers into or out of the Level 3 fair value category occur when unobservable inputs become more or less significant to the fair value measurement or upon a change in valuation technique. For the three months ended March 31, 2018, transfers between Level 2 and Level 3 were based on changes in significance of unobservable inputs used associated with a change in the valuation technique used for certain of the Company’s corporate debt securities and are not considered material to the Company's financial position or results of operations. The Company’s policy is to recognize transfers between levels in the fair value hierarchy at the end of the reporting period.

We recorded no realized or unrealized gains or losses in net earnings or other comprehensive (loss) earnings related to the change in fair value or sales of assets measured using Level 3 inputs in the three months ended March 31, 2018 or 2017.

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

The carrying amounts of short-term investments, accounts receivable and notes receivable approximate fair value due to their short-term nature. Additional information regarding the fair value of our investment portfolio is included in Note D. Investments.

Fair Value Measurements

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

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

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

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

The following table presents our fair value hierarchy for those assets measured at fair value on a recurring basis as of December 31, 2017 and 2016, respectively:



	December 31, 2017
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Fixed-maturity securities available for sale:
U.S. government and agencies	$	—	$	195	$	—	$	195
State and political subdivisions	—		391		—		391
Corporate debt securities	—		1,117		—		1,117
Foreign government bonds	—		57		—		57
Mortgage-backed/asset-backed securities	—		56		—		56
Preferred stock available for sale	23		296		—		319
Equity securities available for sale	681		—		—		681
Total	$	704	$	2,112	$	—	$	2,816



	December 31, 2016
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed-maturity securities available for sale:
U.S. government and agencies	$	—	$	117	$	—	$	117
State and political subdivisions	—		615		—		615
Corporate debt securities	—		1,508		—		1,508
Foreign government bonds	—		109		—		109
Mortgage-backed/asset-backed securities	—		58		—		58
Preferred stock available for sale	32		283		—		315
Equity securities available for sale	386		—		—		386
Total	$	418	$	2,690	$	—	$	3,108

Our Level 2 fair value measures for preferred stock and fixed-maturity securities available for sale are provided by a third-party pricing service. We utilize one firm for our preferred stock and our bond portfolios. The pricing service is a leading global provider of financial market data, analytics and related services to financial institutions. We rely on one price for each instrument to determine the carrying amount of the assets on our balance sheet. The inputs utilized in these pricing methodologies include observable measures such as benchmark yields, reported trades, broker dealer quotes, issuer spreads, two sided markets, benchmark securities, bids, offers and reference data including market research publications. We review the pricing methodologies for all of our Level 2 securities by obtaining an understanding of the valuation models and assumptions used by the third-party as well as independently comparing the resulting prices to other publicly available measures of fair value and internally developed models. The pricing methodologies used by the relevant third party pricing services are as follows:


•	U.S. government and agencies: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers.


•	State and political subdivisions: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers. Factors considered include relevant trade information, dealer quotes and other relevant market data.


•	Corporate debt securities: These securities are valued based on dealer quotes and related market trading activity. Factors considered include the bond's yield, its terms and conditions, or any other feature which may influence its risk and thus marketability, as well as relative credit information and relevant sector news.


•	Foreign government bonds: These securities are valued based on a discounted cash flow model incorporating observable market inputs such as available broker quotes and yields of comparable securities.


•	Mortgage-backed/asset-backed securities: These securities are comprised of commercial mortgage-backed securities, agency mortgage-backed securities, collateralized mortgage obligations, and asset-backed securities. They are valued based on available trade information, dealer quotes, cash flows, relevant indices and market data for similar assets in active markets.


•	Preferred stock: Preferred stocks are valued by calculating the appropriate spread over a comparable US Treasury security. Inputs include benchmark quotes and other relevant market data.

As of December 31, 2017 and 2016 we held no material assets or liabilities measured at fair value using Level 3 inputs.

There were no transfers of assets or liabilities measured at fair value using Level 1 inputs to Level 2 in the years ended December 31, 2017 or 2016.

The carrying amounts of short-term investments, accounts receivable and notes receivable approximate fair value due to their short-term nature. The fair value of our notes payable is included in Note J Notes Payable.

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

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

Investments, Debt and Equity Securities, and Equity Method Investments [Abstract]

Investments

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Investments

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



	March 31, 2018
	Carrying		Cost		Unrealized		Unrealized			Fair
	Value		Basis		Gains		Losses			Value
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	245	$	247	$	—	$	(2	)	$	245
State and political subdivisions	230		227		3		—			230
Corporate debt securities	1,196		1,201		6		(11		)	1,196
Mortgage-backed/asset-backed securities	53		53		1		(1		)	53
Foreign government bonds	58		60		—		(2		)	58
Total	$	1,782	$	1,788	$	10	$	(16	)	$	1,782



	December 31, 2017
	Carrying		Cost		Unrealized		Unrealized			Fair
	Value		Basis		Gains		Losses			Value
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	195	$	196	$	—	$	(1	)	$	195
State and political subdivisions	391		387		4		—			391
Corporate debt securities	1,117		1,110		11		(4		)	1,117
Mortgage-backed/asset-backed securities	56		55		1		—			56
Foreign government bonds	57		58		1		(2		)	57
Preferred securities	319		307		12		—			319
Equity securities	681		517		172		(8		)	681
Total	$	2,816	$	2,630	$	201	$	(15	)	$	2,816

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

In conjunction with our adoption of ASU No. 2016-01, beginning January 1, 2018, unrealized gains and losses on equity and preferred securities are included in Realized gains and losses, net on the Condensed Consolidated Statement of Earnings for the three months ended March 31, 2018. Accordingly, they are excluded from the table as of March 31, 2018 above. Refer to discussion under Recent Accounting Pronouncements included in Note A. Basis of Financial Statements for further discussion of the effects of the adoption of ASU 2016-01.

The following table presents certain information regarding contractual maturities of our fixed maturity securities at March 31, 2018:



	March 31, 2018
	Amortized		% of		Fair		% of
Maturity	Cost		Total		Value		Total
	(Dollars in millions)
One year or less	$	445	25	%	$	444	25	%
After one year through five years	1,269		71		1,264		71
After five years through ten years	16		1		16		1
After ten years	5		—		5		—
Mortgage-backed/asset-backed securities	53		3		53		3
Total	$	1,788	100	%	$	1,782	100	%

Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Because of the potential for prepayment on mortgage-backed and asset-backed securities, they are not categorized by contractual maturity.

Net unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2018 and December 31, 2017, were as follows (in millions):



March 31, 2018
	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government and agencies	$	210	$	(2	)	$	—	$	—		$	210	$	(2	)
Corporate debt securities	830		(8		)	44		(3		)	874		(11		)
Foreign government bonds	19		(1		)	7		(1		)	26		(2		)
Mortgage-backed/asset-backed securities	29		(1		)	—		—			29		(1		)
Total temporarily impaired securities	$	1,088	$	(12	)	$	51	$	(4	)	$	1,139	$	(16	)



December 31, 2017
	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government and agencies	$	149	$	(1	)	$	—	$	—		$	149	$	(1	)
Corporate debt securities	464		(3		)	51		(1		)	515		(4		)
Foreign government bonds	—		—			10		(2		)	10		(2		)
Equity securities	121		(7		)	5		(1		)	126		(8		)
Total temporarily impaired securities	$	734	$	(11	)	$	66	$	(4	)	$	800	$	(15	)

We recorded no impairment charges relating to investments during the three-month periods ended March 31, 2018 or 2017.

As of March 31, 2018 and December 31, 2017, we held no investment securities for which an other-than-temporary impairment had been previously recognized. It is possible that future events may lead us to recognize impairment losses related to our investment portfolio and that unanticipated future events may lead us to dispose of certain investment holdings and recognize the effects of any market movements in our condensed consolidated financial statements.

The following table presents realized gains and losses on investments and other assets and proceeds from the sale or maturity of investments and other assets for the three-month periods ended March 31, 2018 and 2017, respectively:



	Three months ended March 31, 2018
	Gross Realized Gains		Gross Realized Losses		Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	3	$	—	$	3		$	298
Valuation losses on equity securities					(4		)	—
Valuation losses on preferred securities					(3		)	—
Property and equipment					5			21
Total					$	1		$	319



	Three months ended March 31, 2017
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	3	$	(3	)	$	—		$	236
Loss on debt redemptions						(2		)	—
Other assets						(2		)	—
Total						$	(4	)	$	236

Investments

The carrying amounts and fair values of our available for sale securities at December 31, 2017 and 2016 are as follows:



	December 31, 2017
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity investments available for sale:
U.S. government and agencies	$	195	$	196	$	—	$	(1	)	$	195
States and political subdivisions	391		387		4		—			391
Corporate debt securities	1,117		1,110		11		(4		)	1,117
Foreign government bonds	57		58		1		(2		)	57
Mortgage-backed/asset-backed securities	56		55		1		—			56
Preferred stock available for sale	319		307		12		—			319
Equity securities available for sale	681		517		172		(8		)	681
Total	$	2,816	$	2,630	$	201	$	(15	)	$	2,816



	December 31, 2016
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity investments available for sale:
U.S. government and agencies	$	117	$	117	$	—	$	—		$	117
States and political subdivisions	615		607		9		(1		)	615
Corporate debt securities	1,508		1,499		15		(6		)	1,508
Foreign government bonds	109		117		—		(8		)	109
Mortgage-backed/asset-backed securities	58		56		2		—			58
Preferred stock available for sale	315		312		6		(3		)	315
Equity securities available for sale	386		278		108		—			386
Total	$	3,108	$	2,986	$	140	$	(18	)	$	3,108

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

The change in net unrealized gains and (losses) on fixed maturities for the years ended December 31, 2017, 2016, and 2015 was $(1) million, $13 million, and $(64) million, respectively.

The following table presents certain information regarding contractual maturities of our fixed maturity securities at December 31, 2017:



	December 31, 2017
Maturity	Amortized Cost		% of Total		Fair Value		% of Total
	(Dollars in millions)
One year or less	$	496	27.5	%	$	496	27.3	%
After one year through five years	1,219		67.5		1,227		67.5
After five years through ten years	31		1.7		32		1.8
After ten years	5		0.3		5		0.3
Mortgage-backed/asset-backed securities	55		3.0		56		3.1
	$	1,806	100.0	%	$	1,816	100.0	%

Fixed maturity securities valued at approximately $128 million and $123 million were on deposit with various governmental authorities at December 31, 2017 and 2016, respectively, as required by law.

Equity securities are carried at fair value. The change in net unrealized gains and losses on equity securities for the years ended December 31, 2017, 2016 and 2015 was a net increase (decrease) of $56 million, $39 million, and $(4) million, respectively.

Net unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2017 and 2016 are as follows (in millions):



December 31, 2017
	Less than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Corporate debt securities	$	464	$	(3	)	$	51	$	(1	)	$	515	$	(4	)
U.S. government and agencies	149		(1		)	—		—			149		(1		)
Foreign government bonds	—		—			10		(2		)	10		(2		)
Equity securities available for sale	121		(7		)	5		(1		)	126		(8		)
Total temporarily impaired securities	$	734	$	(11	)	$	66	$	(4	)	$	800	$	(15	)



December 31, 2016
	Less than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
States and political subdivisions	$	107	$	(1	)	$	—	$	—		$	107	$	(1	)
Corporate debt securities	410		(4		)	11		(2		)	421		(6		)
Foreign government bonds	85		(4		)	20		(4		)	105		(8		)
Preferred stock available for sale	55		(2		)	42		(1		)	97		(3		)
Total temporarily impaired securities	$	657	$	(11	)	$	73	$	(7	)	$	730	$	(18	)

The unrealized losses for the corporate debt securities and U.S. government bonds were primarily caused by fluctuations in interest rates. The unrealized losses for the foreign government bonds were primarily caused by foreign exchange fluctuations. We consider the unrealized losses related to these securities to be temporary rather than changes in credit quality. We expect to recover the entire amortized cost basis of our temporarily impaired fixed maturity securities as we do not intend to sell these securities and we do not believe that we will be required to sell the fixed maturity securities before recovery of the cost basis. For these reasons, we do not consider these securities other-than-temporarily impaired at December 31, 2017. It is reasonably possible that declines in fair value below cost not considered other-than-temporary in the current period could be considered to be other-than-temporary in a future period and earnings would be reduced to the extent of the impairment.

The unrealized losses for the equity securities available for sale were primarily caused by market volatility in certain investees and market sectors. We expect to recover the entire cost basis of our temporarily impaired equity securities available for sale as we do not intend to sell these securities and we do not believe that we will be required to sell the securities before recovery of the cost basis. For these reasons, we do not consider these securities other-than-temporarily impaired at December 31, 2017. It is reasonably possible that declines in fair value below cost not considered other-than-temporary in the current period could be considered to be other-than-temporary in a future period and earnings would be reduced to the extent of the impairment.

During the years ended December 31, 2017, 2016 and 2015 we incurred impairment charges relating to investments that were determined to be other-than-temporarily impaired, which resulted in impairment charges of $1 million, $19 million and $14 million, respectively. The impairment charges in 2017 related to a fixed maturity security of an investee entering Chapter 11 bankruptcy which has exhibited a decreasing fair market value and from which we are uncertain of our ability to recover our initial investment.The impairment charges in 2016 related to fixed maturity securities of $13 million, an investment in an unconsolidated affiliate of $3 million, and an other long term investment of $3 million. In each case, we determined the credit risk of the holdings was high and the ability to recover our investment was unlikely. Impairment charges in the 2015 period was for a fixed maturity security that we determined the credit risk was high and the ability of the issuer to pay the full amount of the principal outstanding was unlikely.

As of December 31, 2017, we held no securities for which other-than-temporary impairments had been previously recognized. As of December 31, 2016, we held $7 million investments for which an other-than-temporary impairment had been previously recognized. It is possible that future events may lead us to recognize potential future impairment losses related to our investment portfolio and that unanticipated future events may lead us to dispose of certain investment holdings and recognize the effects of any market movements in our consolidated financial statements.

The following table presents realized gains and losses on investments and other assets and proceeds from the sale or maturity of investments and other assets for the years ended December 31, 2017, 2016, and 2015, respectively:



	Year ended December 31, 2017
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	7	$	(8	)	$	(1	)	$	968
Preferred stock available for sale	—		—			—			10
Other long-term investments						9			21
Loss on debt conversions						(6		)	—
Property, plant and equipment						2			4
Other intangible assets						(1		)	—
Other realized gains and losses, net						(1		)	—
Total						$	2		$	1,003

	Year ended December 31, 2016
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	4	$	(16	)	$	(12	)	$	624
Preferred stock available for sale	1		—			1			9
Equity securities available for sale	11		(1		)	10			50
Investments in unconsolidated affiliates						(3		)	—
Other intangible assets						(1		)	—
Other assets						(3		)	6
Total						$	(8	)	$	689

	Year ended December 31, 2015
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	14	$	(17	)	$	(3	)	$	1,076
Preferred stock available for sale	1		—			1			58
Equity securities available for sale	13		(11		)	2			51
Other assets						11			—
Total						$	11		$	1,185

Interest and investment income consists of the following:



	Year Ended December 31,
	2017		2016		2015
	(In millions)
Cash and cash equivalents	$	3	$	—	$	—
Fixed maturity securities available for sale	61		76		82
Equity securities and preferred stock available for sale	28		28		24
Short-term investments	4		2		—
Other	35		20		15
Total	$	131	$	126	$	121

Property and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment



Property and equipment consists of the following:
	December 31,
	2017			2016
	(In millions)
Land	$	22		$	23
Buildings	111			108
Leasehold improvements	92			89
Data processing equipment	156			159
Furniture, fixtures and equipment	224			225
	605			604
Accumulated depreciation and amortization	(412		)	(412		)
	$	193		$	192

Depreciation expense on property and equipment was $48 million, $45 million, and $42 million for the years ended December 31, 2017, 2016, and 2015, respectively.

Goodwill

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill consists of the following:



	Title			Corporate and Other			Total
	(In millions)
Balance, December 31, 2015	$	2,303		$	45		$	2,348
Goodwill acquired during the year (1)	48			170			218
Adjustments to prior year acquisitions	(6		)	(5		)	(11		)
Balance, December 31, 2016	$	2,345		$	210		$	2,555
Goodwill acquired during the year (1)	84			104			188
Adjustments to prior year acquisitions	3			—			3
Balance, December 31, 2017	$	2,432		$	314		$	2,746

_____________________________________

(1) See Note B Acquisitions for further discussion of significant goodwill acquired.

Discontinued Operations

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Black Knight

As a result of the BK Distribution, we have reclassified the financial results of Black Knight to discontinued operations for all periods presented in our Condensed Consolidated Statements of Operations for the three months ended March 31, 2017. We retained no ownership in Black Knight. Subsequent to the BK Distribution, Black Knight is considered a related party to FNF.

We have various agreements with Black Knight to provide technology, data and analytics services, as well as corporate shared services and information technology. We are also a party to certain other agreements under which we incur other expenses or receive revenues from Black Knight. We expect to continue utilizing Black Knight to provide technology and data and analytics services for the foreseeable future. The cash inflows and outflows from and to Black Knight as well as revenues and expenses included in continuing operations in the three months ended March 31, 2018 which were previously eliminated in our condensed consolidated financial statements as intra-entity transactions are not material to our results of operations.

A reconciliation of the operations of Black Knight to the Statement of Operations is shown below (in millions):



	Three months ended March 31,
	Three months ended March 31,
	2017
	(Unaudited)
Revenues:
Escrow, title-related and other fees	$	248
Realized gains and losses, net	(2		)
Total revenues	246
Expenses:
Personnel costs	101
Other operating expenses	45
Depreciation and amortization	53
Interest expense	15
Total expenses	214
Earnings from discontinued operations before income taxes	32
Income tax expense	10
Net earnings from discontinued operations	22
Less: Net earnings attributable to non-controlling interests	12
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	10

Cash flow from discontinued operations data:
Net cash provided by operations	$	49
Net cash used in investing activities	(16		)

FNFV

As a result of the FNFV Split-Off we have reclassified the financial results of FNFV Group to discontinued operations for the three months ended March 31, 2017 in our Consolidated Statements of Earnings. Subsequent to the FNFV Split-Off, Cannae is considered a related party to FNF. The cash inflows and outflows from and to Cannae as well as revenues and expenses included in continuing operations in the three months ended March 31, 2018 which were previously eliminated in our condensed consolidated financial statements as intra-entity transactions, are not material to our results of operations.

In conjunction with the FNFV Split-Off, FNTIC, Chicago Title, and Commonwealth Title contributed an aggregate of $100 million to Cannae in exchange for 5,706,134 shares of Cannae common stock. As of March 31, 2018, we own approximately 8.1% of Cannae's outstanding common equity. In addition, we issued to Cannae a revolver note (the "Cannae Revolver") in the aggregate principal amount of up to $100 million, which accrues interest at LIBOR plus 450 basis points and matures on the five-year anniversary of the date of the Cannae Revolver. The maturity date is automatically extended for additional five-year terms unless notice of non-renewal is otherwise provided by either FNF or Cannae, in their sole discretion. As of March 31, 2018, there is no outstanding balance under the Cannae Revolver.

In connection with the FNFV Split-Off, the following material agreements were entered into by and between the Company and Cannae (the “Split-Off Agreements”):

•a Reorganization Agreement, dated as of November 17, 2017, by and between the Company and Cannae, which provides for, among other things, the principal corporate transactions required to effect the Split-Off, certain conditions to the Split-Off and provisions governing the relationship between the Company and Cannae with respect to and resulting from the Split-Off;

•a Tax Matters Agreement, dated as of November 17, 2017, by and between the Company and Cannae, which governs the Company’s and Cannae’s respective rights, responsibilities and obligations with respect to taxes and tax benefits, the filing of tax returns, the control of audits and other tax matters; and

•a Voting Agreement, dated as of November 17, 2017, by and between the Company and Cannae, pursuant to which the Company agrees to appear or cause all shares of Cannae common stock that the Company or its subsidiaries, as applicable, own after the Split-Off to be counted as present at any meeting of the stockholders of Cannae for the purpose of establishing a quorum, and agrees to vote all of such shares of Cannae common stock (or cause them to be voted) in the same manner as, and in the same proportion to, all shares voted by holders of Cannae common stock (other than the Company and its subsidiaries).

A summary of the operations of FNFV included in discontinued operations is shown below:



	Three months ended March 31,

	2017
	(Unaudited)
Revenues:
Escrow, title-related and other fees	$	49
Restaurant revenue	273
Interest and investment income	1
Realized gains and losses, net	5
Total revenues	328
Expenses:
Personnel costs	46
Other operating expenses	25
Cost of restaurant revenue	236
Depreciation and amortization	16
Interest expense	4
Total expenses	327
Earnings from discontinued operations before income taxes	1
Income tax expense	(2		)
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	3
Equity in (losses) earnings of unconsolidated affiliates	(4		)
Net earnings (loss) from discontinued operations	(1		)
Less: Net earnings attributable to non-controlling interests	(2		)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	1

Cash flow from discontinued operations data:
Net cash provided by operations	$	15
Net cash used in investing activities	(27		)

Reconciliation to Consolidated Financial Statements

A reconciliation of the net earnings of Black Knight and FNFV to the Statement of Earnings is shown below:



	Three months ended March 31,
	Three months ended March 31,
	2017
	(Unaudited)
Earnings from discontinued operations attributable to Black Knight	$	22
Loss from discontinued operations attributable to FNFV	(1		)
Net earnings from discontinued operations, net of tax	$	21

Discontinued Operations

Black Knight

As a result of the BK Distribution, we have reclassified the assets and liabilities divested as assets and liabilities of discontinued operations in our Consolidated Balance Sheet as of December 31, 2016. Further, the financial results of Black Knight have been reclassified to discontinued operations for all periods presented in our Consolidated Statements of Earnings. We retained no ownership in Black Knight.

We have various agreements with Black Knight to provide technology, data and analytics services, as well as corporate shared services and information technology. We are also a party to certain other agreements under which we incur other expenses or receive revenues from Black Knight. We expect to continue utilizing Black Knight to provide technology and data and analytics services for the foreseeable future. Subsequent to the BK Distribution, Black Knight is considered a related party for FNF. The cash inflows and outflows from and to Black Knight as well as revenues and expenses included in continuing operations subsequent to September 29, 2017, the date of the BK Distribution, which were previously eliminated in our consolidated financial statements as intra-entity transactions, are not material to our results of operations for the year ended December 31, 2017.

A summary of the operations of Black Knight included in discontinued operations is shown below:



	Year Ended December 31,
	2017			2016			2015
Revenues:	(in millions)
Escrow, title-related and other fees	$	745		$	963		$	874
Realized gains and losses, net	(13		)	—			(5		)
Total revenues	732			963			869
Expenses:
Personnel costs	292			393			377
Other operating expenses	145			190			156
Depreciation and amortization	154			208			195
Interest expense	42			62			49
Total expenses	633			853			777
Earnings from discontinued operations before income taxes	99			110			92
Income tax expense	40			36			35
Net earnings from discontinued operations	59			74			57
Less: Net earnings attributable to non-controlling interests	36			47			28
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	23		$	27		$	29

Cash flow from discontinued operations data:
Net cash provided by operations	$	240		$	326		$	248
Net cash used in investing activities	(46		)	(230		)	(103		)

A summary of the financial position of Black Knight included as assets and liabilities of discontinued operations is shown below:



	December 31, 2016
	(in millions)
Cash and cash equivalents	$	130
Short term investments	4
Trade and notes receivable	157
Goodwill	2,304
Prepaid expenses and other assets	184
Capitalized software, net	450
Other intangible assets, net	359
Property and equipment, net	173
Total assets of discontinued operations	$	3,761

Accounts payable and accrued liabilities	$	287
Notes payable	1,526
Income taxes payable	26
Deferred tax liabilities	334
Total liabilities of discontinued operations	$	2,173

FNFV

As a result of the FNFV Split-Off we have reclassified the assets and liabilities divested as assets and liabilities of discontinued operations in our Consolidated Balance Sheet as of December 31, 2016. Further, the financial results of FNFV Group have been reclassified to discontinued operations for all periods presented in our Consolidated Statements of Earnings. Subsequent to the FNFV Split-Off, Cannae is considered a related party for FNF. The cash inflows and outflows from and to Cannae as well as revenues and expenses included in continuing operations subsequent to November 17, 2017, the date of the FNFV Split-Off, which were previously eliminated in our consolidated financial statements as intra-entity transactions, are not material to our results of operations for the year ended December 31, 2017.

In conjunction with the FNFV Split-Off, FNTIC, Chicago Title, and Commonwealth Title contributed an aggregate of $100 million to Cannae in exchange for 5,706,134 shares of Cannae common stock. As of December 31, 2017, we own approximately 8.1% of Cannae's outstanding common equity. In addition we issued to Cannae a revolver note (the "Cannae Revolver") in the aggregate principal amount of up to $100 million, which accrues interest at LIBOR plus 450 basis points and matures on the five-year anniversary of the date of the revolver note. The maturity date is automatically extended for additional five-year terms unless notice of non-renewal is otherwise provided by either FNF or Cannae, in their sole discretion. As of December 31, 2017, there is no outstanding balance under the Cannae Revolver.

In connection with the FNFV Split-Off, the following material agreements were entered into by and between the Company and Cannae (the “Split-Off Agreements”):

•a Voting Agreement, dated as of November 17, 2017, by and between the Company and Cannae, pursuant to which the Company agrees to appear or cause all shares of Cannae common stock that the Company or its subsidiaries, as applicable, own after the Split-Off to be counted as present at any meeting of the stockholders of Cannae, for the purpose of establishing a quorum, and agrees to vote all of such shares of Cannae common stock (or cause them to be voted) in the same manner as, and in the same proportion to, all shares voted by holders of Cannae common stock (other than the Company and its subsidiaries).

A summary of the operations of FNFV included in discontinued operations is shown below:



	Year Ended December 31,
	2017			2016			2015
Revenues:	(in millions)
Escrow, title-related and other fees	$	111		$	168		$	204
Restaurant revenue	981			1,158			1,412
Interest and investment income	5			3			2
Realized gains and losses, net	277			6			(19		)
Total revenues	1,374			1,335			1,599
Expenses:
Personnel costs	148			165			158
Other operating expenses	94			106			167
Cost of restaurant revenue	861			984			1,195
Depreciation and amortization	51			63			65
Interest expense	9			10			8
Total expenses	1,163			1,328			1,593
Earnings from discontinued operations before income taxes	211			7			6
Income tax expense (benefit)	103			(11		)	(19		)
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	108			18			25
Equity in losses of unconsolidated affiliates	(12		)	(22		)	(22		)
Net earnings (loss) from discontinued operations	96			(4		)	3
Less: Net (losses) earnings attributable to non-controlling interests	(13		)	—			16
Net earnings (loss) attributable to Fidelity National Financial, Inc. common shareholders	$	109		$	(4	)	$	(13	)

Cash flow from discontinued operations data:
Net cash (used in) provided by operations	$	(134	)	$	81		$	29
Net cash (used in) provided by investing activities	(11		)	67			166

A summary of the financial position of FNFV included as assets and liabilities of discontinued operations is shown below:



	December 31, 2016
	(in millions)
Investments:
Fixed maturities available for sale, at fair value	$	25
Equity securities available for sale, at fair value	52
Investments in unconsolidated affiliates	407
Other long term investments	12
Short term investments	2
Total investments	498
Cash and cash equivalents	144
Trade and notes receivable	52
Goodwill	206
Prepaid expenses and other assets	33
Capitalized software, net	16
Deferred tax assets	58
Other intangible assets, net	200
Property and equipment, net	251
Total assets of discontinued operations	$	1,458

Accounts payable and accrued liabilities	$	214
Notes payable	233
Income taxes payable	18
Total liabilities of discontinued operations	$	465

As a result of the reclassification of the assets and liabilities of FNFV to assets and liabilities of discontinued operations, the deferred tax assets of FNFV, which were formerly netted with our consolidated deferred tax liability in our Condensed Consolidated Balance Sheet as of December 31, 2016, were reclassified to assets of discontinued operations resulting in an increase to both our assets and liabilities of $58 million as of December 31, 2016.

Reconciliation to Consolidated Financial Statements

A reconciliation of the net earnings of Black Knight and FNFV to the Statement of Operations is shown below:



	Year Ended December 31,
	2017		2016			2015
	(in millions)
Earnings from discontinued operations attributable to Black Knight	$	59	$	74		$	57
Earnings (loss) from discontinued operations attributable to FNFV	96		(4		)	3
Total earnings from discontinued operations, net of tax	$	155	$	70		$	60

A reconciliation of the financial position of Black Knight and FNFV to the Balance Sheet is shown below:



	December 31, 2016
	(in millions)
Assets:
Assets of discontinued operations attributable to Black Knight	$	3,761
Assets of discontinued operations attributable to FNFV	1,458
Total assets of discontinued operations	$	5,219
Liabilities:
Liabilities of discontinued operations attributable to Black Knight	$	2,173
Liabilities of discontinued operations attributable to FNFV	465
Total liabilities of discontinued operations	$	2,638

Other Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets

Other intangible assets consist of the following:



	December 31,
	2017			2016
	(In millions)
Customer relationships and contracts	$	860		$	748
Trademarks and tradenames	81			74
Computer software	357			324
	1,298			1,146
Accumulated amortization	(680		)	(561		)
	$	618		$	585

Amortization expense for amortizable intangible assets, which consist primarily of customer relationships and computer software, was $130 million, $110 million, and $103 million for the years ended December 31, 2017, 2016 and 2015, respectively. Estimated amortization expense for the next five years for assets owned at December 31, 2017, is $100 million in 2018, $93 million in 2019, $79 million in 2020, $64 million in 2021 and $50 million in 2022.

Accounts Payable and Other Accrued Liabilities

12 Months Ended

Dec. 31, 2017

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities

Accounts Payable and Other Accrued Liabilities

Accounts payable and other accrued liabilities consist of the following:



	December 31,
	2017		2016
	(In millions)
Accrued benefits	$	254	$	245
Salaries and incentives	277		267
Accrued rent	22		19
Trade accounts payable	39		42
Accrued recording fees and transfer taxes	17		16
Accrued premium taxes	20		26
Deferred revenue	107		103
Other accrued liabilities	219		215
	$	955	$	933

Notes Payable

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Notes Payable

Notes payable consists of the following:



	March 31, 2018		December 31, 2017
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022	$	398	$	397
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018	53		65
Revolving Credit Facility, unsecured, unused portion of $500, due April 2022 with interest payable quarterly at LIBOR + 1.40% (3.12% at March 31, 2018)	295		295
Other	2		2
	$	748	$	759

At March 31, 2018, the estimated fair value of our long-term debt was approximately $899 million, which was $144 million higher than its carrying value, excluding $7 million of net unamortized debt issuance costs and premium/discount. The fair value of our unsecured notes payable was $597 million as of March 31, 2018. The fair values of our unsecured notes payable are based on established market prices for the securities on March 31, 2018 and are considered Level 2 financial liabilities. The carrying value of the Revolving Credit Facility approximates fair value at March 31, 2018, as it is a variable rate instrument with a short reset period (monthly) which reflects current market rates. The revolving credit facilities are considered Level 2 financial liabilities.

On June 25, 2013, FNF entered into an agreement to amend and restate our existing $800 million Second Amended and Restated Credit Agreement (the “Existing Credit Agreement”), dated as of April 16, 2012 with Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and the other agents party thereto (the “Revolving Credit Facility”). On April 27, 2017, the Existing Credit Agreement was amended (the "Restated Credit Agreement").The material terms of the Revolving Credit Facility are set forth in our Annual Report for the year ended December 31, 2017. As of March 31, 2018, there was $295 million outstanding, net of $5 million of unamortized debt issuance costs, and $500 million of remaining borrowing capacity under the Revolving Credit Facility.

On August 28, 2012, FNF completed an offering of $400 million in aggregate principal amount of 5.50% notes due September 2022 (the "5.50% notes"), pursuant to an effective registration statement previously filed with the SEC. The material terms of the 5.50% notes are set forth in our Annual Report for the year ended December 31, 2017.

On August 2, 2011, FNF completed an offering of $300 million in aggregate principal amount of 4.25% convertible senior notes due August 2018 (the "Notes") in an offering conducted in accordance with Rule 144A under the Securities Act of 1933, as amended. The material terms of the Notes are set forth in our Annual Report for the year ended December 31, 2017. Beginning October 1, 2013, these notes are convertible under the 130% Sale Price Condition described in our Annual Report. During the three months ended March 31, 2018, we repurchased Notes with aggregate principal of $16 million for $47 million. Upon maturity of the Notes in August 2018, we expect to settle in cash, pay approximately $163 million, and record a gain of approximately $6 million based on stock prices and conversion rates as of March 31, 2018.



Gross principal maturities of notes payable at March 31, 2018 are as follows (in millions):
2018 (remaining)	$	54
2019	—
2020	1
2021	—
2022	700
Thereafter	—
	$	755

Notes Payable

Notes payable consists of the following:



	December 31,
	2017		2016
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022	$	397	$	397
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018	65		291
Unsecured notes, net of discount, interest payable semi-annually at 6.60%, due May 2017	—		300
Revolving Credit Facility, unsecured, unused portion of $500 at December 31, 2017, due April 2022 with interest payable monthly at LIBOR + 1.40% (2.76% at December 31, 2017)	295		(3		)
Other	2		2
	$	759	$	987

At December 31, 2017, the estimated fair value of our long-term debt was approximately $940 million, or $173 million higher than its carrying value, excluding $8 million of net unamortized debt issuance costs and premium/discount. The fair value of our unsecured notes payable was $638 million as of December 31, 2017. The fair values of our unsecured notes payable are based on established market prices for the securities on December 31, 2017 and are considered Level 2 financial liabilities. The carrying value of the Revolving Credit Facility approximates fair value at December 31, 2017, as it is a variable rate instrument with a short reset period (monthly) which reflects current market rates. The Revolving Credit Facility is considered a Level 2 financial liability.

On June 25, 2013, we entered into an agreement to amend and restate our existing $800 million Second Amended and Restated Credit Agreement (the “Existing Credit Agreement”), dated as of April 16, 2012 with Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and the other agents party thereto (the “Revolving Credit Facility”). On April 27, 2017, the Revolving Credit Facility was amended (the "Restated Credit Agreement") to extend the term for 5 years, from a maturity date of July 15, 2018 to April 27, 2022. Revolving loans under the credit facility generally bear interest at a variable rate based on either (i) the base rate (which is the highest of (a) 0.5% in excess of the federal funds rate, (b) the Administrative Agent's “prime rate”, or (c) the sum of 1% plus one-month LIBOR) plus a margin of between 10 and 60 basis points depending on the senior unsecured long-term debt ratings of FNF or (ii) LIBOR plus a margin of between 110 and 160 basis points depending on the senior unsecured long-term debt ratings of the Company. Based on our current Moody’s and Standard & Poor’s senior unsecured long-term debt ratings of Baa3/BBB, respectively, the applicable margin for revolving loans subject to LIBOR is 140 basis points. In addition, we pay a commitment fee of between 15 and 40 basis points on the entire facility, also depending on our senior unsecured long-term debt ratings. Under the Revolving Credit Facility, we are subject to customary affirmative, negative and financial covenants, including, among other things, limits on the creation of liens, limits on the incurrence of indebtedness, restrictions on investments, dispositions and transactions with affiliates, limitations on dividends and other restricted payments, a minimum net worth and a maximum debt to capitalization ratio. The Revolving Credit Facility also includes customary events of default for facilities of this type (with customary grace periods, as applicable) and provides that, if an event of default occurs and is continuing, the interest rate on all outstanding obligations may be increased, payments of all outstanding loans may be accelerated and/or the lenders' commitments may be terminated. These events of default include a cross-default provision that, subject to limited exceptions, permits the lenders to declare the Revolving Credit Facility in default if: (i) (a) we fail to make any payment after the applicable grace period under any indebtedness with a principal amount (including undrawn committed amounts) in excess of 3.0% of our net worth, as defined in the Revolving Credit Facility, or (b) we fail to perform any other term under any such indebtedness, or any other event occurs, as a result of which the holders thereof may cause it to become due and payable prior to its maturity; or (ii) certain termination events occur under significant interest rate, equity or other swap contracts. In addition, upon the occurrence of certain insolvency or bankruptcy related events of default, all amounts payable under the Revolving Credit Facility shall automatically become immediately due and payable, and the lenders' commitments will automatically terminate. As of December 31, 2017, there is $295 million outstanding, net of $5 million in unamortized debt issuance costs, and $500 million of remaining borrowing capacity under the Revolving Credit Facility.

On August 28, 2012, we completed an offering of $400 million in aggregate principal amount of 5.50% notes due September 2022 (the "5.50% notes"), pursuant to an effective registration statement previously filed with the Securities and Exchange Commission. The notes were priced at 99.513% of par to yield 5.564% annual interest. The 5.50% notes will pay interest semi-annually on the 1st of March and September, beginning March 1, 2013. These notes contain customary covenants and events of default for investment grade public debt. These events of default include a cross default provision, with respect to any other debt of the Company in an aggregate amount exceeding $100 million for all such debt, arising from (i) failure to make a principal payment when due or (ii) the occurrence of an event which results in such debt being due and payable prior to its scheduled maturity.

On August 2, 2011, we completed an offering of $300 million in aggregate principal amount of 4.25% convertible senior notes due August 2018 (the "Notes") in an offering conducted in accordance with Rule 144A under the Securities Act of 1933, as amended. The Notes contain customary event-of-default provisions which, subject to certain notice and cure-period conditions, can result in the acceleration of the principal amount of, and accrued interest on, all outstanding Notes if we breach the terms of the Notes or the indenture pursuant to which the Notes were issued. The Notes are unsecured and unsubordinated obligations and (i) rank senior in right of payment to any of our existing or future unsecured indebtedness that is expressly subordinated in right of payment to the Notes; (ii) rank equal in right of payment to our existing and future unsecured indebtedness that is not so subordinated; (iii) are effectively subordinated in right of payment to any of our secured indebtedness to the extent of the value of the assets securing such indebtedness; and (iv) are structurally subordinated to all existing and future indebtedness and liabilities of our subsidiaries. Interest is payable on the principal amount of the Notes, semi-annually in arrears in cash on February 15 and August 15 of each year, commencing February 15, 2012. The Notes mature on August 15, 2018, unless earlier purchased by us or converted. The Notes were issued for cash at 100% of their principal amount. However, for financial reporting purposes, the notes were deemed to have been issued at 92.818% of par value, and as such we recorded a discount of $22 million to be amortized to August 2018, when the Notes mature. The Notes will be convertible into cash, shares of common stock, or a combination of cash and shares of common stock, at our election, based on an initial conversion rate, subject to adjustment, of 46.387 shares per $1,000 principal amount of the Notes (which represents an initial conversion price of approximately $21.56 per share), only in the following circumstances and to the following extent: (i) during any calendar quarter commencing after December 31, 2011, if, for each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading day period ending on, and including, the last trading day of the immediately preceding calendar quarter, the last reported sale price per share of our common stock on such trading day is greater than or equal to 130% of the applicable conversion price on such trading day; (ii) during the five consecutive business day period immediately following any ten consecutive trading day period (the “measurement period”) in which, for each trading day of the measurement period, the trading price per $1,000 principal amount of notes was less than 98% of the product of the last reported sale price per share of our common stock on such trading day and the applicable conversion rate on such trading day; (iii) upon the occurrence of specified corporate transactions; or (iv) at any time on and after May 15, 2018. However, in all cases, the Notes will cease to be convertible at the close of business on the second scheduled trading day immediately preceding the maturity date. It is our intent and policy to settle conversions through “net-share settlement”. Generally, under “net-share settlement,” the conversion value is settled in cash, up to the principal amount being converted, and the conversion value in excess of the principal amount is settled in shares of our common stock. As of October 1, 2013, these notes were convertible under the 130% Sale Price Condition described above. During the year ended December 31, 2017, we repurchased Notes with aggregate principal of $230 million for $549 million.



Gross principal maturities of notes payable at December 31, 2017 are as follows (in millions):
2018	$	66
2019	—
2020	1
2021	—
2022	700
Thereafter	—
	$	767

Income Taxes

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

Income tax expense on continuing operations consists of the following:



	Year Ended December 31,
	2017			2016		2015
	(In millions)
Current	$	476		$	333	$	275
Deferred	(241		)	14		(1		)
	$	235		$	347	$	274

Total income tax expense (benefit) was allocated as follows (in millions):



	Year Ended December 31,
	2017		2016		2015
Net earnings from continuing operations	$	235	$	347	$	274
Tax expense attributable to net earnings from discontinued operations	144		25		16
Other comprehensive earnings (loss):
Unrealized gain (loss) on investments and other financial instruments	25		29		(40		)
Unrealized gain (loss) on foreign currency translation and cash flow hedging	4		1		(7		)
Minimum pension liability adjustment	3		3		3
Total income tax expense (benefit) allocated to other comprehensive earnings	32		33		(44		)
Additional paid-in capital, stock-based compensation	—		—		(21		)
Total income taxes	$	411	$	405	$	225

A reconciliation of the federal statutory rate to our effective tax rate is as follows:



	Year Ended December 31,
	2017		2016		2015
Federal statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	1.8		2.8		3.0
Deductible dividends paid to FNF 401(k) plan	(0.2	)	(0.1	)	(0.2	)
Tax exempt interest income	(0.4	)	(0.5	)	(0.8	)
Stock compensation	(1.4	)	(1.7	)	—
Tax Credits	(0.1	)	(0.1	)	(0.1	)
Consolidated Partnerships	—		0.2		0.4
Tax reform	(10.7	)	—		—
Non-deductible expenses and other, net	3.2		0.8		(1.6	)
Effective tax rate	27.2	%	36.4	%	35.7	%

The significant components of deferred tax assets and liabilities at December 31, 2017 and 2016 consist of the following:



	December 31,
	2017			2016
	(In millions)
Deferred Tax Assets:
Employee benefit accruals	$	68		$	36
Net operating loss carryforwards	9			22
Insurance reserve discounting	26			—
Accrued liabilities	10			18
Allowance for uncollectible accounts receivable	4			—
Pension plan	2			5
Tax credits	40			41
State income taxes	4			13
Other	1			3
Total gross deferred tax asset	164			138
Less: valuation allowance	22			10
Total deferred tax asset	$	142		$	128
Deferred Tax Liabilities:
Title plant	$	(55	)	$	(85	)
Amortization of goodwill and intangible assets	(113		)	(174		)
Other investments	(5		)	(4		)
Other	(13		)	(11		)
Investment securities	(41		)	(39		)
Depreciation	(9		)	(12		)
Partnerships	(75		)	(94		)
Insurance reserve discounting	—			(79		)
Total deferred tax liability	$	(311	)	$	(498	)
Net deferred tax liability	$	(169	)	$	(370	)

Our net deferred tax liability was $169 million and $370 million at December 31, 2017, and 2016, respectively. Deferred tax liability incurred a one-time reduction of $93 million which was primarily a result of the decrease in the corporate tax rate from 35% to 21% associated with the enactment of the Tax Cuts and Jobs Act of 2017 ("Tax Reform"). The significant changes in the deferred taxes are as follows: The increase in the deferred tax asset for employee benefit accruals is a $71 million increase in deferred compensation related to a change in accounting method offset by a $38 million decrease driven by Tax Reform. The deferred tax liability for insurance reserve discounting decreased by $119 million largely due to the redomestication of certain of our insurance underwriters in 2017, offset by an increase of $15 million attributable to Tax Reform. The deferred tax liability for title plant decreased by $30 million primarily due to Tax Reform. The deferred tax liability relating to partnerships decreased by $19 million primarily due to an increase of $23 million related to ServiceLink activity offset by a $42 million decrease driven by Tax Reform. The deferred tax liability on amortization decreased by $61 million primarily due to Tax Reform. The decrease in the deferred tax asset on net operating losses of $13 million is primarily attributable to usage of assets in the current year and Tax Reform.

We had a valuation allowance of $22 million and $10 million at December 31, 2017 and 2016, respectively. The increase in the valuation allowance is primarily attributable to Tax Reform which decreased the ability to use credit carryovers before they expire in future years.

SEC Staff Accounting Bulletin No. 118 ("SAB 118"), has provided guidance for companies that have not completed their accounting for the income tax effects of the Tax Reform in the period of enactment, allowing for a measurement period of up to one year after the enactment date to finalize the recording of the related tax impacts. As of December 31, 2017, we have not completed our accounting for the tax effects of the enactment of the Tax Reform, however, we have made a reasonable estimate of the effects on our deferred tax balances. In other cases, we have not been able to make a reasonable estimate and will continue to analyze the Tax Reform in order to finalize any related impacts within the measurement period.

At December 31, 2017, we have net operating losses on a pretax basis of $36 million available to carryforward and offset future federal taxable income. The net operating losses are US federal net operating losses arising from acquisitions made since 2008, including CINC and are subject to an annual Internal Revenue Code Section 382 limitation. These losses will begin to expire in year 2021 and we fully anticipate utilizing these losses prior to expiration with the exception of $3 million of gross net operating losses that are offset by a $1 million valuation allowance.

At December 31, 2017 and 2016, we had $40 million and $41 million of tax credits, respectively. The credits primarily consist of general business credits from acquisitions in the Restaurant Group. We anticipate that these credits will be utilized prior to expiration after a valuation allowance of $21 million on the general business credits.

A tax benefit of $21 million associated with the exercise of employee stock options and the vesting of restricted stock grants was allocated to equity for the year ended December 31, 2015. For the years ended December 31, 2017 and 2016 we have recorded $13 million and $17 million in income tax benefit related to the tax effects associated with the exercise of stock options and vesting of restricted stock. Our adoption of ASU 2016-09 in 2016 resulted in a change in accounting for the tax-effects of stock-based compensation. Beginning January 1, 2016, the tax-effect of the difference in grant date and vest date fair value of stock-based compensation is included in total income tax expense (benefit).

As of December 31, 2017 and 2016, we had approximately $11 million (including interest of less than $1 million) and $18 million (including interest of less than $1 million), respectively, of total gross unrecognized tax benefits that, if recognized, would favorably affect our income tax rate. These amounts are reported on a gross basis and do not reflect a federal tax benefit on state income taxes. We record interest and penalties related to income taxes as a component of income tax expense.

The Internal Revenue Service (“IRS”) has selected us to participate in the Compliance Assurance Program that is a real-time audit. We are currently under audit by the Internal Revenue Service for the 2016 through 2018 tax years. We file income tax returns in various foreign and US state jurisdictions.

Summary of Reserve for Claim Losses

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Summary of Reserve for Claim Losses

A summary of the reserve for claim losses follows:



	Three months ended March 31,
	2018			2017
	(Dollars in millions)
Beginning balance	$	1,490		$	1,487
Change in reinsurance recoverable	—			(4		)
Claim loss provision related to:
Current year	47			51
Prior years	—			1
Total title claim loss provision	47			52
Claims paid, net of recoupments related to:
Current year	(1		)	(1		)
Prior years	(50		)	(50		)
Total title claims paid, net of recoupments	(51		)	(51		)
Ending balance of claim loss reserve for title insurance	$	1,486		$	1,484
Provision for title insurance claim losses as a percentage of title insurance premiums	4.5		%	5.0		%

We continually update loss reserve estimates as new information becomes known, new loss patterns emerge, or as other contributing factors are considered and incorporated into the analysis of reserve for claim losses. Estimating future title loss payments is difficult because of the complex nature of title claims, the long periods of time over which claims are paid, significantly varying dollar amounts of individual claims and other factors.

Due to the uncertainty inherent in the process and to the judgment used by management, the ultimate liability may be greater or less than our current reserves. If actual claims loss development varies from what is currently expected and is not offset by other factors, it is possible that our recorded reserves may fall outside a reasonable range of our actuary's central estimate, which may require additional reserve adjustments in future periods.

Summary of Reserve for Claim Losses

A summary of the reserve for claim losses follows:



	Year Ended December 31,
	2017			2016			2015
	(Dollars in millions)
Beginning balance	$	1,487		$	1,583		$	1,621
Change in reinsurance recoverable	(4		)	(8		)	1
Claim loss provision related to:
Current year	219			236			224
Prior years	19			(79		)	22
Total title claim loss provision	238			157			246
Claims paid, net of recoupments related to:
Current year	(8		)	(10		)	(7		)
Prior years	(223		)	(235		)	(278		)
Total title claims paid, net of recoupments	(231		)	(245		)	(285		)
Ending balance of claim loss reserve for title insurance	$	1,490		$	1,487		$	1,583
Provision for title insurance claim losses as a percentage of title insurance premiums	4.9		%	3.3		%	5.7		%

In the quarter ended December 31, 2017, we reduced the current quarter provision for claims losses to 4.5%. During the quarter ended December 31, 2016, we released excess title reserves of $97 million in addition to reducing the provision for claims losses for the quarter to 5.0%. In response to favorable development on recent year claims, the average provision rate has decreased in each of the years ended 2015, 2016, and 2017.

Commitments and Contingencies

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Legal and Regulatory Contingencies

In the ordinary course of business, we are involved in various pending and threatened litigation matters related to our operations, some of which include claims for punitive or exemplary damages. With respect to our title insurance operations, this customary litigation includes but is not limited to a wide variety of cases arising out of or related to title and escrow claims, for which we make provisions through our loss reserves. Additionally, like other companies, our ordinary course litigation includes a number of class action and purported class action lawsuits, which make allegations related to aspects of our operations. We believe that no actions, other than the matters discussed below, if any, depart from customary litigation incidental to our business.

From time to time we receive inquiries and requests for information from state insurance departments, attorneys general and other regulatory agencies about various matters relating to our business. Sometimes these take the form of civil investigative demands or subpoenas. We cooperate with all such inquiries and we have responded to or are currently responding to inquiries from multiple governmental agencies. Also, regulators and courts have been dealing with issues arising from foreclosures and related processes and documentation. Various governmental entities are studying the title insurance product, market, pricing, and business practices, and potential regulatory and legislative changes, which may materially affect our business and operations. From time to time, we are assessed fines for violations of regulations or other matters or enter into settlements with such authorities which may require us to pay fines or claims or take other actions.

Operating Leases

Future minimum operating lease payments are as follows (in millions):



2018 (remaining)	$	115
2019	135
2020	106
2021	78
2022	53
Thereafter	51
Total future minimum operating lease payments	$	538

Commitments and Contingencies

Legal and Regulatory Contingencies

We review lawsuits and other legal and regulatory matters (collectively “legal proceedings”) on an ongoing basis when making accrual and disclosure decisions. When assessing reasonably possible and probable outcomes, management bases its decision on its assessment of the ultimate outcome assuming all appeals have been exhausted. For legal proceedings in which it has been determined that a loss is both probable and reasonably estimable, a liability based on known facts and which represents our best estimate has been recorded. Our accrual for legal and regulatory matters was $2 million and $68 million as of December 31, 2017 and 2016, respectively. During the quarter ended March 31, 2017, ServiceLink paid $65 million to settle all remaining obligations to complete the document execution review under the 2011 LPS consent order with certain banking agencies. Details of the consent order and the terms of the settlement are set forth in Note M Commitments and Contingencies to our Consolidated Financial Statements in our Annual Report for the year ended December 31, 2016. On January 12, 2018, the banking agencies entered an Order terminating the 2011 LPS consent order, having found ServiceLink attained full compliance. None of the amounts we have currently recorded are considered to be material to our financial condition individually or in the aggregate. Actual losses may materially differ from the amounts recorded and the ultimate outcome of our pending legal proceedings is generally not yet determinable. While some of these matters could be material to our operating results or cash flows for any particular period if an unfavorable outcome results, at present we do not believe that the ultimate resolution of currently pending legal proceedings, either individually or in the aggregate, will have a material adverse effect on our financial condition.

Escrow Balances

In conducting our operations, we routinely hold customers’ assets in escrow, pending completion of real estate transactions, and are responsible for the proper disposition of these balances for our customers. Certain of these amounts are maintained in segregated bank accounts and have not been included in the accompanying Consolidated Balance Sheets, consistent with Generally Accepted Accounting Principles and industry practice. These balances amounted to $15.4 billion at December 31, 2017. As a result of holding these customers’ assets in escrow, we have ongoing programs for realizing economic benefits during the year through favorable borrowing and vendor arrangements with various banks. There were no investments or loans outstanding as of December 31, 2017 and 2016 related to these arrangements.

Operating Leases



Future minimum operating lease payments are as follows (in millions):
2018	$	150
2019	127
2020	98
2021	71
2022	46
Thereafter	44
Total future minimum operating lease payments	$	536

Rent expense incurred under operating leases during the years ended December 31, 2017, 2016 and 2015 was $144 million, $128 million, and $122 million, respectively. Rent expense in 2017, 2016, and 2015 includes abandoned lease charges related to office closures of $1 million.

Regulation and Equity	12 Months Ended
Regulation and Equity	Dec. 31, 2017
Regulation and Equity [Abstract]
Regulation and Equity	Regulation and Equity Regulation Our insurance subsidiaries, including title insurers, underwritten title companies and insurance agencies, are subject to extensive regulation under applicable state laws. Each of the insurance underwriters is subject to a holding company act in its state of domicile which regulates, among other matters, the ability to pay dividends and enter into transactions with affiliates. The laws of most states in which we transact business establish supervisory agencies with broad administrative powers relating to issuing and revoking licenses to transact business, regulating trade practices, licensing agents, approving policy forms, accounting practices, financial practices, establishing reserve and capital and surplus as regards policyholders (“capital and surplus”) requirements, defining suitable investments for reserves and capital and surplus and approving rate schedules. The process of state regulation of changes in rates ranges from states which set rates, to states where individual companies or associations of companies prepare rate filings which are submitted for approval, to a few states in which rate changes do not need to be filed for approval. Since we are regulated by both state and federal governments and the applicable insurance laws and regulations are constantly subject to change, it is not possible to predict the potential effects on our insurance operations, particularly the Title segment, of any laws or regulations that may become more restrictive in the future or if new restrictive laws will be enacted. Pursuant to statutory accounting requirements of the various states in which our insurers are domiciled, these insurers must defer a portion of premiums earned as an unearned premium reserve for the protection of policyholders and must maintain qualified assets in an amount equal to the statutory requirements. The level of unearned premium reserve required to be maintained at any time is determined by statutory formula based upon either the age, number of policies and dollar amount of policy liabilities underwritten, or the age and dollar amount of statutory premiums written. As of December 31, 2017, the combined statutory unearned premium reserve required and reported for our title insurers was $1,400 million. In addition to statutory unearned premium reserves, each of our insurers maintains reserves for known claims and surplus funds for policyholder protection and business operations. Each of our insurance subsidiaries is regulated by the insurance regulatory authority in its respective state of domicile, as well as that of each state in which it is licensed. The insurance commissioners of their respective states of domicile are the primary regulators of our title insurance subsidiaries. Each of the insurers is subject to periodic regulatory financial examination by regulatory authorities. Our insurance subsidiaries are subject to regulations that restrict their ability to pay dividends or make other distributions of cash or property to their immediate parent company without prior approval from the Department of Insurance of their respective states of domicile. As of December 31, 2017, $1,700 million of our net assets are restricted from dividend payments without prior approval from the Departments of Insurance. During 2018, our title insurers can pay or make distributions to us of approximately $363 million, without prior approval. The combined statutory capital and surplus of our title insurers was approximately $1,389 million and $1,469 million as of December 31, 2017 and 2016, respectively. The combined statutory net earnings of our title insurance subsidiaries were $434 million, $541 million, and $381 million for the years ended December 31, 2017, 2016, and 2015, respectively. Statutory-basis financial statements are prepared in accordance with accounting practices prescribed or permitted by the various state insurance regulatory authorities. The National Association of Insurance Commissioners' (“NAIC”) Accounting Practices and Procedures manual (“NAIC SAP”) has been adopted as a component of prescribed or permitted practices by each of the states that regulate us. Each of our states of domicile for our title insurance underwriter subsidiaries have adopted a material prescribed accounting practice that differs from that found in NAIC SAP. Specifically, in both years the timing of amounts released from the statutory unearned premium reserve under NAIC SAP differs from the states' required practice. Statutory surplus at December 31, 2017 and 2016, respectively, was lower by approximately $28 million and $207 million than if we had reported such amounts in accordance with NAIC SAP. The decrease at December 31, 2017 from 2016 is primarily attributable to the Redomestication. As a condition to continued authority to underwrite policies in the states in which our insurers conduct their business, the insurers are required to pay certain fees and file information regarding their officers, directors and financial condition. In addition, our escrow and trust business is subject to regulation by various state banking authorities. Pursuant to statutory requirements of the various states in which our insurers are domiciled, such insurers must maintain certain levels of minimum capital and surplus. Required levels of minimum capital and surplus are not significant to the insurers individually or in the aggregate. Each of our insurers has complied with the minimum statutory requirements as of December 31, 2017. Our underwritten title companies are also subject to certain regulation by insurance regulatory or banking authorities, primarily relating to minimum net worth. Minimum net worth requirements for each underwritten title company is less than $1 million. These companies were in compliance with their respective minimum net worth requirements at December 31, 2017. There are no restrictions on our retained earnings regarding our ability to pay dividends to shareholders although there are limits on the ability of certain subsidiaries to pay dividends to us, as described above. Equity On July 20, 2015, our Board of Directors approved a three-year stock repurchase program under which we can purchase up to 25 million shares of our FNF Group common stock through July 30, 2018. We may make repurchases from time to time in the open market, in block purchases or in privately negotiated transactions, depending on market conditions and other factors. Since the original commencement of the plan, we have repurchased a total of 10,589,000 FNF common shares for $372 million, or an average of $35.10 per share, and there are 14,411,000 shares available to be repurchased under this program.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2017

Retirement Benefits [Abstract]

Employee Benefit Plans

Stock Purchase Plan

During the three-year period ended December 31, 2017, our eligible employees could voluntarily participate in employee stock purchase plans (“ESPPs”) sponsored by us and our subsidiaries. Pursuant to the ESPPs, employees may contribute an amount between 3% and 15% of their base salary and certain commissions. We contribute varying amounts as specified in the ESPPs.

We contributed $23 million, $20 million, and $18 million to the ESPPs in the years ended December 31, 2017, 2016, and 2015, respectively, in accordance with the employer’s matching contribution.

401(k) Profit Sharing Plan

During the three-year period ended December 31, 2017, we have offered our employees the opportunity to participate in our 401(k) profit sharing plans (the “401(k) Plan”), qualified voluntary contributory savings plans which are available to substantially all of our employees. Eligible employees may contribute up to 40% of their pretax annual compensation, up to the amount allowed pursuant to the Internal Revenue Code. We make an employer match on the 401(k) Plan of $0.375 on each $1.00 contributed up to the first 6% of eligible earnings contributed to the 401(k) Plan by employees. The employer match for the years ended December 31, 2017, 2016 and 2015 was $26 million, $26 million and $23 million, respectively, that was credited based on the participant's individual investment elections in the FNF 401(k) Plan.

Omnibus Incentive Plan

In 2005, we established the FNT 2005 Omnibus Incentive Plan (the “Omnibus Plan”) authorizing the issuance of up to 8 million shares of common stock, subject to the terms of the Omnibus Plan. On October 23, 2006; May 29, 2008; May 25, 2011; May 22, 2013; and June 15, 2016 the shareholders of FNF approved amendments to increase the number of shares for issuance under the Omnibus Plan by 16 million, 11 million, 6 million, 6 million and 10 million shares, respectively. The primary purpose of the increases were to assure that we had adequate means to provide equity incentive compensation to our employees on a going-forward basis. The Omnibus Plan provides for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units and performance shares, performance units, other cash and stock-based awards and dividend equivalents. As of December 31, 2017, there were 1,839,061 shares of restricted stock and 8,529,427 stock options outstanding under this plan. Awards granted are approved by the Compensation Committee of the Board of Directors. Options vest over a 3 year period and have a contractual life of 7 years. The exercise price for options granted equals the market price of the underlying stock on the grant date. Stock option grants vest according to certain time based and operating performance criteria. Option exercises by participants are settled on the open market.

FNF stock option transactions under the Omnibus Plan for 2015, 2016, and 2017 are as follows:



	Options		Weighted Average Exercise Price		Exercisable
Balance, December 31, 2014	9,393,211		$	19.43	5,173,802
Granted	1,886,320		34.84
Exercised	(1,966,937	)	12.96
Canceled	(12,085	)	26.62
Balance, December 31, 2015	9,300,509		$	23.92	5,256,426
Granted	35,000		35.63
Exercised	(1,846,153	)	10.12
Canceled	(7,673	)	26.17
Balance, December 31, 2016	7,481,683		$	27.38	5,821,592
Options issued as make-whole adjustment for BK Distribution	2,375,111		20.32
Exercised	(1,313,061	)	18.38
Canceled	(14,306	)	24.49
Balance, December 31, 2017	8,529,427		$	20.38	7,648,837

FNF restricted stock transactions under the Omnibus Plan in 2015, 2016, and 2017 are as follows:




	Shares		Weighted Average Grant Date Fair Value
Balance, December 31, 2014	1,770,781		$	25.08
Granted	613,960		34.84
Canceled	(10,105	)	26.14
Vested	(982,762	)	23.00
Balance, December 31, 2015	1,391,874		$	30.85
Granted	803,292		34.54
Canceled	(3,266	)	28.07
Vested	(720,227	)	28.97
Balance, December 31, 2016	1,471,673		$	33.79
Granted	828,818		37.12
Restricted stock issued as make-whole adjustment for BK Distribution	545,676		24.62
Canceled	(11,233	)	24.52
Vested	(995,873	)	23.98
Balance, December 31, 2017	1,839,061		$	30.58

The following table summarizes information related to stock options outstanding and exercisable as of December 31, 2017:



	Options Outstanding						Options Exercisable
		Weighted						Weighted
		Average	Weighted					Average	Weighted
		Remaining	Average					Remaining	Average
Range of	Number of	Contractual	Exercise		Intrinsic		Number of	Contractual	Exercise		Intrinsic
Exercise Prices	Options	Life	Price		Value		Options	Life	Price		Value
		(In years)			(In millions)			(In years)			(In millions)
$0.00 — $14.38	662,763	1.85	$	14.38	$	16	662,763	1.85	$	14.38	$	16
$14.39 — $17.76	4,070,183	2.89	17.76		87		4,070,183	2.89	17.76		87
$17.77 — $21.84	1,342,007	3.84	21.84		23		1,342,007	3.84	21.84		23
$21.85 — $25.34	13,648	5.98	25.34		—		4,549	5.98	25.34		—
$25.35 — $25.53	2,422,627	4.83	25.53		33		1,569,335	4.83	25.53		22
$25.54 — $26.99	18,199	5.55	26.99		—		—	0	—		—
	8,529,427				$	159	7,648,837				$	148

We account for stock-based compensation plans in accordance with GAAP on share-based payments, which requires that compensation cost relating to share-based payments be recognized in the consolidated financial statements based on the fair value of each award. Using the fair value method of accounting, compensation cost is measured based on the fair value of the award at the grant date and recognized over the service period. Fair value of restricted stock awards and units is based on the grant date value of the underlying stock derived from quoted market prices. The total fair value of restricted stock awards granted in the years ended December 31, 2017, 2016 and 2015 was $31 million,$29 million, and $21 million, respectively. The total fair value of restricted stock awards which vested in the years ended December 31, 2017, 2016 and 2015 was $38 million, $25 million, and $35 million, respectively. Option awards are measured at fair value on the grant date using the Black Scholes Option Pricing Model. The intrinsic value of options exercised in the years ended December 31, 2017, 2016 and 2015 was $25 million, $46 million, and $47 million, respectively. Net earnings attributable to FNF Shareholders reflects stock-based compensation expense amounts of $44 million for the year ended December 31, 2017, $58 million for the year ended December 31, 2016, and $56 million for the year ended December 31, 2015, which are included in personnel costs in the reported financial results of each period.

At December 31, 2017, the total unrecognized compensation cost related to non-vested stock option grants and restricted stock grants is $56 million, which is expected to be recognized in pre-tax income over a weighted average period of 1.65 years.

Pension Plans

In 2000, FNF merged with Chicago Title Corporation ("Chicago Title"). In connection with the merger, we assumed Chicago Title’s noncontributory defined contribution plan and noncontributory defined benefit pension plan (the “Pension Plan”). The Pension Plan covers certain Chicago Title employees. The benefits are based on years of service and the employee’s average monthly compensation in the highest 60 consecutive calendar months during the 120 months ending at retirement or termination. Effective December 31, 2000, the Pension Plan was frozen and there will be no future credit given for years of service or changes in salary. The accumulated benefit obligation is the same as the projected benefit obligation due to the pension plan being frozen as of December 31, 2000. Pursuant to GAAP on employers’ accounting for defined benefit pension and other post retirement plans, the measurement date is December 31.

The net pension liability included in Accounts payable and other accrued liabilities as of December 31, 2017, and 2016 was $4 million and $11 million, respectively. The discount rate used to determine the benefit obligation as of the years ended December 31, 2017 and 2016 was 3.34% and 3.54%, respectively. As of the years ended December 31, 2017 and 2016 the projected benefit obligation was $166 million and $168 million, respectively, and the fair value of plan assets was $162 million and $157 million, respectively. The net periodic expense included in the results of operations relating to these plans was $5 million, $6 million, and $8 million for the years ended December 31, 2017, 2016, and 2015, respectively.

Postretirement and Other Nonqualified Employee Benefit Plans

We assumed certain health care and life insurance benefits for retired Chicago Title employees in connection with the FNF merger with Chicago Title. Beginning on January 1, 2001, these benefits were offered to all employees who met specific eligibility requirements. Additionally, in connection with the acquisition of LandAmerica Financial Group's two principal title insurance underwriters, Commonwealth Land Title Insurance Company and Lawyers Title Insurance Corporation, as well as United Capital Title Insurance Company (collectively, the "LFG Underwriters"), we assumed certain of the LFG Underwriters' nonqualified benefit plans, which provide various postretirement benefits to certain executives and retirees. The costs of these benefit plans are accrued during the periods the employees render service. We are both self-insured and fully insured for postretirement health care and life insurance benefit plans, and the plans are not funded. The health care plans provide for insurance benefits after retirement and are generally contributory, with contributions adjusted annually. Postretirement life insurance benefits are primarily contributory, with coverage amounts declining with increases in a retiree’s age. The aggregate benefit obligation for these plans was $13 million at December 31, 2017 and $14 million at December 31, 2016. The net costs relating to these plans were immaterial for the years ended December 31, 2017, 2016, and 2015.

Supplementary Cash Flow Information

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Supplementary Cash Flow Information

Supplemental Cash Flow Information

The following supplemental cash flow information is provided with respect to certain non-cash investing and financing activities.



	Three months ended March 31,
	2018			2017
Cash paid for:
Interest	$	15		$	30
Income taxes	2			14
Non-cash investing and financing activities:
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$	11		$	(9	)
Change in purchases of investments available for sale payable in period	(4		)	1

Financing activities:
Accrual for unsettled debt service payments related to the Notes	$	—		$	9
Accrual for the equity portion of unsettled repurchases of the Notes	—			12

Supplementary Cash Flow Information

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



	Year Ended December 31,
	2017			2016		2015
	(In millions)
Cash paid during the year:
Interest	$	102		$	125	$	124
Income taxes	528			367		250

Non-cash investing and financing activities:
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$	3		$	7	$	(25	)
Change in purchases of investments available for sale payable in period	(9		)	19		(2		)

Financing activities:
Liabilities assumed in connection with acquisitions (1):
Fair value of net assets acquired	$	595		$	625	$	155
Less: Total purchase price	481			557		111
Liabilities and noncontrolling interests assumed	$	114		$	68	$	44
Change in treasury stock purchases payable in period	$	—		$	8	$	(7	)

_____________________________________

(1) See Note B Acquisitions for further discussion of assets and liabilities acquired in business combinations in the current year.

Financial Instruments with Off-Balance Sheet Risk and Concentration of Risk

12 Months Ended

Dec. 31, 2017

Risks and Uncertainties [Abstract]

Financial Instruments with Off-Balance Sheet Risk and Concentration of Risk

Title

In the normal course of business we and certain of our subsidiaries enter into off-balance sheet credit arrangements associated with certain aspects of the title insurance business and other activities.

We generate a significant amount of title insurance premiums in California, Texas, Florida and New York. Title insurance premiums as a percentage of the total title insurance premiums written from those four states are detailed as follows:



	2017		2016		2015
California	14.5	%	14.6	%	15.1	%
Texas	14.2	%	14.2	%	14.4	%
Florida	8.0	%	7.7	%	8.1	%
New York	6.3	%	7.1	%	8.1	%

Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash equivalents, short-term investments, and trade receivables.

We place cash equivalents and short-term investments with high credit quality financial institutions and, by policy, limit the amount of credit exposure with any one financial institution. Investments in commercial paper of industrial firms and financial institutions are rated investment grade by nationally recognized rating agencies.

Concentrations of credit risk with respect to trade receivables are limited because a large number of geographically diverse customers make up our customer base, thus spreading the trade receivables credit risk. We control credit risk through monitoring procedures.

Segment Information

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Segment Information

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

As of and for the three months ended March 31, 2018:



	Title		Corporate and Other			Total
	(In millions)
Title premiums	$	1,036	$	—		$	1,036
Other revenues	516		102			618
Revenues from external customers	1,552		102			1,654
Interest and investment income, including realized gains and losses	38		1			39
Total revenues	1,590		103			1,693
Depreciation and amortization	40		7			47
Interest expense	—		11			11
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	163		(36		)	127
Income tax expense (benefit)	40		(9		)	31
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	123		(27		)	96
Equity in earnings of unconsolidated affiliates	1		1			2
Earnings (loss) from continuing operations	$	124	$	(26	)	$	98
Assets	$	8,276	$	742		$	9,018
Goodwill	2,434		313			2,747

As of and for the three months ended March 31, 2017:



	Title		Corporate and Other			Total

Title premiums	$	1,048	$	—		$	1,048
Other revenues	496		75			571
Revenues from external customers	1,544		75			1,619
Interest and investment income, including realized gains and losses	26		(2		)	24
Total revenues	1,570		73			1,643
Depreciation and amortization	38		5			43
Interest expense	—		16			16
Earnings (loss) from continuing operations, before income taxes and equity in earnings (losses) of unconsolidated affiliates	151		(23		)	128
Income tax expense (benefit)	78		(9		)	69
Earnings (loss) from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	73		(14		)	59
Equity in earnings (losses) of unconsolidated affiliates	2		(1		)	1
Earnings (loss) from continuing operations	$	75	$	(15	)	$	60
Assets	$	8,264	$	5,914		$	14,178
Goodwill	2,347		215			2,562

The activities in our segments include the following:

•

Title. This segment consists of the operations of our title insurance underwriters and related businesses. This segment provides core title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. This segment also includes our transaction services business, which includes other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default.

•

Corporate and Other. This segment consists of the operations of the parent holding company, our various real estate brokerage businesses, and our real estate technology subsidiaries. This segment also includes certain other unallocated corporate overhead expenses and eliminations of revenues and expenses between it and our Title segment, as well as the assets of discontinued operations of Black Knight and FNFV as of March 31, 2017.

Segment Information

On September 29, 2017, we completed the BK Distribution. As a result, Black Knight is no longer a reportable segment and the historical results of Black Knight are presented as discontinued operations for all periods presented and are excluded from the following tables. Refer to Note G Discontinued Operations for further discussion of the results of Black Knight.

On November 17, 2017, we completed the FNFV Split-off. As a result, FNFV is no longer a reportable segment and the historical results of FNFV are presented as discontinued operations for all periods presented and are excluded from the following tables. Refer to Note G Discontinued Operations for further discussion of the results of FNFV.

Summarized financial information concerning our reportable segments is shown in the following tables. There are certain intercompany corporate related arrangements between our various businesses. The effects of these arrangements including intercompany notes and related interest and any other non-operational intercompany revenues and expenses have been eliminated in the segment presentations below.

As of and for the year ended December 31, 2017:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,893	$	—		$	4,893
Other revenues	2,181		456			2,637
Revenues from external customers	7,074		456			7,530
Interest and investment income (loss), including realized gains and losses	137		(4		)	133
Total revenues	7,211		452			7,663
Depreciation and amortization	159		24			183
Interest expense	—		48			48
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	955		(91		)	864
Income tax expense (benefit)	274		(39		)	235
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	681		(52		)	629
Equity in earnings of unconsolidated affiliates	10		—			10
Earnings (loss) from continuing operations	$	691	$	(52	)	$	639
Assets	$	8,405	$	746		$	9,151
Goodwill	2,432		314			2,746

As of and for the year ended December 31, 2016:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,723	$	—		$	4,723
Other revenues	2,128		288			2,416
Revenues from external customers	6,851		288			7,139
Interest and investment income (loss), including realized gains and losses	127		(9		)	118
Total revenues	6,978		279			7,257
Depreciation and amortization	148		12			160
Interest expense	—		64			64
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	1,025		(70		)	955
Income tax expense (benefit)	386		(39		)	347
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	639		(31		)	608
Equity in earnings of unconsolidated affiliates	13		1			14
Earnings (loss) from continuing operations	$	652	$	(30	)	$	622
Assets	$	8,756	$	5,765		$	14,521
Goodwill	2,345		210			2,555

As of and for the year ended December 31, 2015:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,286	$	—		$	4,286
Other revenues	2,005		241			2,246
Revenues from external customers	6,291		241			6,532
Interest and investment income (loss), including realized gains and losses	137		(5		)	132
Total revenues	6,428		236			6,664
Depreciation and amortization	144		6			150
Interest expense	—		73			73
Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates	836		(66		)	770
Income tax expense (benefit)	305		(31		)	274
Earnings (loss) from continuing operations, before equity in earnings (loss) of unconsolidated affiliates	531		(35		)	496
Equity in earnings (loss) of unconsolidated affiliates	6		(1		)	5
Earnings (loss) from continuing operations	$	537	$	(36	)	$	501
Assets	$	8,533	$	5,510		$	14,043
Goodwill	2,303		45			2,348

The activities in our segments include the following:

•

Title. This segment consists of the operations of our title insurance underwriters and related businesses. This segment provides core title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products. This segment also includes our transaction services business, which includes other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default.

•

Corporate and Other. This segment consists of the operations of the parent holding company, our various real estate brokerage businesses, and CINC and other real estate technology subsidiaries. This segment also includes certain other unallocated corporate overhead expenses and eliminations of revenues and expenses between it and our Title segment. This segment also includes the assets of discontinued operations, Black Knight and FNFV, as of December 31, 2016 and 2015. Refer to Note G. Discontinued Operations for further information.

Recent Accounting Pronouncements	12 Months Ended
Recent Accounting Pronouncements	Dec. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Revenue Recognition In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU provides a new comprehensive revenue recognition model that requires companies to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update permits the use of either the retrospective or cumulative effect transition method. ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations was issued by FASB in March 2016 to clarify the principal versus agent considerations within ASU 2014-09. ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing was issued by the FASB in April 2016 to clarify how to determine whether goods and services are separately identifiable and thus accounted for as separate performance obligations. ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued by the FASB in May 2016 to clarify certain terms from the aforementioned updates and to add practical expedients for contracts at various stages of completion. ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, was issued by the FASB in December 2016 which includes thirteen technical corrections and improvements affecting narrow aspects of the guidance issued in ASU 2014-09. We have completed our analysis of the impact of the standards and have concluded that these standards will not have a material impact on our accounting or reporting. Upon issuance of ASU 2015-14, the effective date of ASU 2014-09 was deferred to annual and interim periods beginning on or after December 15, 2017. We will adopt the guidance on January 1, 2018. Either of the following transition methods is permitted: (i) a full retrospective approach reflecting the application of the new standard in each prior reporting period, or (ii) a modified retrospective approach with a cumulative-effect adjustment to the opening balance of retained earnings in the year the new standard is first applied. We plan to transition to this new guidance using the modified retrospective approach. Other Pronouncements In January 2016, the FASB issued ASU No. 2016-01 Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The primary amendments required by the ASU include: requiring equity investments with readily determinable fair values to be measured at fair value through net income rather than through other comprehensive income; allowing entities with equity investments without readily determinable fair values to report the investments at cost, adjusted for changes in observable prices, less impairment; requiring entities that elect the fair value option for financial liabilities to report the change in fair value attributable to instrument-specific credit risk in other comprehensive income; and clarifying that entities should assess the need for a valuation allowance on a deferred tax asset related to available-for-sale debt securities in combination with other deferred tax assets. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires a cumulative-effect adjustment of the balance sheet as of the beginning of the year of adoption. Early adoption of the ASU is not permitted, except for the provision related to financial liabilities for which the fair value option has been elected. We have completed our evaluation of the effects this new guidance will have on our consolidated financial statements and related disclosures and have determined that the ASU will result in: (1) reclassification of our unrealized gains and losses on our equity and preferred securities available for sale currently included in accumulated other comprehensive income to beginning retained earnings as of January 1, 2018 and (2) changes in fair value of our equity and preferred securities available for sale subsequent to January 1, 2018 to be included in our earnings from continuing operations. As of December 31, 2017, we held equity and preferred securities available for sale with combined net unrealized gains (net of losses) of $164 million and $12 million, respectively. Including the associated effects of deferred taxes, based on the net of tax balances as of December 31, 2017, we expect to reclassify a total of approximately $109 million from Accumulated other comprehensive income to beginning Retained earnings as of January 1, 2018. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The amendments in this ASU introduce broad changes to the accounting and reporting for leases by lessees. The main provisions of the new standard include: clarifications to the definitions of a lease, components of leases, and criteria for determining lease classification; requiring virtually all leased assets, including operating leases and related liabilities, to be reflected on the lessee's balance sheet; and expanding and adding to the required disclosures for lessees. This update is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the standard is permitted. The ASU requires a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. We are still evaluating the totality of the effects this new guidance will have on our business process and systems, consolidated financial statements, related disclosures. We have identified a vendor with software suited to track and account for leases under the new standard. We have not concluded on the anticipated financial statement effects of adoption. We plan to adopt this standard on January 1, 2019. We are currently evaluating the impact of the adoption of this standard on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments. The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of debt securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. We do not plan to early adopt the standard. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The amendments in this ASU introduce clarifications to the presentation of certain cash receipts and cash payments in the statement of cash flows. The primary updates include additions and clarifications of the classification of cash flows related to certain debt repayment activities, contingent consideration payments related to business combinations, proceeds from insurance policies, distributions from equity method investees, and cash flows related to securitized receivables. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. The ASU requires retrospective application to all prior periods presented upon adoption. We will adopt this ASU on January 1, 2018 and based on our preliminary analysis, we do not expect the adoption of this ASU to have a material impact on our resulting operating, investing, or financing cash flows. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. GAAP previously did not include specific guidance on the cash flow classification and presentation of changes in restricted cash. The Company previously excluded cash pledged related to secured trust deposits, which generally meets the definition of restricted cash, from the reconciliation of beginning-of-period to end-of-period total amounts shown on the statement of cash flows. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. The ASU requires retrospective application to all prior periods presented upon adoption. This ASU resulted in the movement of the change in our cash pledged against secured trust deposits from operating activities to the net change in cash, the change in investments pledged against secured trust deposits from operating to investing activities, and the change in secured trust deposits from operating to financing activities. We adopted this ASU on January 1, 2018 and have retrospectively restated our Consolidated Statements of Cash Flows included herein. The adoption of this ASU resulted in the following retrospective changes to our Consolidated Statements of Cash Flows for the years ended December 31, 2017, 2016 and 2015, respectively: an increase (decrease) in the net change in cash and cash equivalents of $144 million, $223 million, and $(29) million, respectively, due to the inclusion of the change in our cash pledged against secured trust deposits; an increase (decrease) in cash provided by (used in) investing activities of $174 million, $63 million, and $(110) million, respectively, related to the movement of cash paid/received for investments pledged against secured trust deposits from operating to investing activities; and a (decrease) increase in cash used in financing activities of $(30) million, $160 million, and $79 million, respectively, related to the movement of the change in secured trust deposits from operating to financing activities. The adoption of this ASU also resulted in a $2 million increase in cash provided by operating activities for the year ended December 31, 2015 due to the net effect of the aforementioned changes. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business to assist companies with evaluating whether transactions should be accounted for as acquisitions of assets or businesses. The new guidance requires a company to evaluate if substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets; if so, the set of assets and activities is not a business. The guidance also requires a business to include at least one substantive process and narrows the definition of outputs by more closely aligning it with how outputs are described in the guidance for revenue from contracts with customers. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. The guidance should be applied prospectively to any transactions occurring within the period of adoption. We will adopt this ASU on January 1, 2018. Based on our historical acquisition activity, we do not expect this to have a material impact on our ongoing accounting or financial reporting. In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The guidance simplifies the measurement of goodwill impairment by removing step 2 of the goodwill impairment test, which requires the determination of the fair value of individual assets and liabilities of a reporting unit. The new guidance requires goodwill impairment to be measured as the amount by which a reporting unit's carrying value exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments should be applied on a prospective basis. The new standard is effective for fiscal years beginning after December 15, 2019 with early adoption permitted for interim or annual goodwill impairment tests performed after January 1, 2017. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. In March 2017, the FASB issued ASU No. 2017-08, Receivables—Nonrefundable Fees and Other Costs (Topic 310-20): Premium Amortization on Purchased Callable Debt Securities. The amendments in this ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. The new guidance does not change the accounting for purchased callable debt securities held at a discount. This update is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. We early adopted the standard as of January 1, 2017. The adoption of this standard did not have a material impact on our financial statements.

Schedule II Fidelity National Financial, Inc. (Parent Company)

12 Months Ended

Dec. 31, 2017

Schedule II Fidelity National Financial, Inc. (Parent Company)

SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.

(Parent Company)

BALANCE SHEETS



	December 31,
	2017			2016
	(In millions, except share data)
ASSETS
Cash	$	230		$	246
Short term investments	85			1
Equity securities available for sale, at fair value	1			—
Investment in unconsolidated affiliates	13			7
Notes receivable	576			622
Investments in and amounts due from subsidiaries	4,672			4,253
Property and equipment, net	4			4
Prepaid expenses and other assets	1			3
Investments in discontinued subsidiaries	—			2,581
Total assets	$	5,582		$	7,717
LIABILITIES AND EQUITY
Liabilities:
Accounts payable and other accrued liabilities	$	72		$	42
Income taxes payable	137			65
Deferred tax liability	169			629
Notes payable	757			985
Total liabilities	1,135			1,721
Equity:
FNF Group common stock, $0.0001 par value; authorized 487,000,000 shares as of December 31, 2017 and 2016; outstanding of 274,431,737 and 272,205,261 as of December 31, 2017 and 2016, respectively; and issued of 287,718,304 and 285,041,900 as of December 31, 2017 and 2016, respectively	—			—
FNFV Group common stock, $0.0001 par value; authorized 113,000,000 shares as of December 31, 2016, outstanding of 66,416,822 as of December 31, 2016, and issued of 80,581,675 as of December 31, 2016, see Note G	—			—
Additional paid-in capital	4,587			4,848
Retained earnings	217			1,784
Accumulated other comprehensive loss	111			(13		)
Less: Treasury stock, 13,286,567 shares and 27,001,492 shares as of December 31, 2017 and 2016, respectively, at cost	(468		)	(623		)
Total equity of Fidelity National Financial, Inc. common shareholders	4,447			5,996
Total liabilities and equity	$	5,582		$	7,717

See Notes to Financial Statements

SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.

(Parent Company)

STATEMENTS OF EARNINGS AND RETAINED EARNINGS



	Year Ended December 31,
	2017			2016			2015
	(In millions, except per share data)
Revenues:
Other fees and revenue	$	1		$	4		$	3
Interest and investment income and realized gains	24			24			86
Total revenues	25			28			89
Expenses:
Personnel expenses	32			26			28
Other operating expenses	8			6			1
Interest expense	48			64			74
Total expenses	88			96			103
Losses before income tax benefit and equity in earnings of subsidiaries	(63		)	(68		)	(14		)
Income tax benefit	(17		)	(24		)	(5		)
Losses before equity in earnings of subsidiaries	(46		)	(44		)	(9		)
Equity in earnings of subsidiaries	685			671			520
Earnings from continuing operations	639			627			511
Equity in earnings of discontinued operations	132			23			16
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	771		$	650		$	527

Retained earnings, beginning of year	$	1,784		$	1,374		$	1,150
Dividends declared	(279		)	(240		)	(222		)
Distribution of Black Knight to FNF common shareholders	(823		)	—			—
Redemption of FNFV tracking stock and distribution of Cannae Holdings, Inc. common stock to holders of FNFV tracking stock	(1,236		)	—			—
Distribution of J. Alexander's to FNFV Group common shareholders	—			—			(81		)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	771			650			527
Retained earnings, end of year	$	217		$	1,784		$	1,374

See Notes to Financial Statements

SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.

(Parent Company)

STATEMENTS OF CASH FLOWS



	Year Ended December 31,
	2017			2016			2015
	(In millions)
Cash Flows From Operating Activities:
Net earnings	$	771		$	650		$	527
Adjustments to reconcile net earnings to net cash provided by operating activities:
Equity in earnings of unconsolidated affiliates	—			(2		)	—
Impairment of assets	—			3			—
Equity in earnings of subsidiaries	(817		)	(694		)	(536		)
Depreciation and amortization	—			1			2
Stock-based compensation	34			36			38
Net change in income taxes	(130		)	29			17
Net decrease (increase) in prepaid expenses and other assets	18			26			(25		)
Net increase (decrease) in accounts payable and other accrued liabilities	17			(13		)	2
Net cash (used in) provided by operating activities	(107		)	36			25
Cash Flows From Investing Activities:
Purchases of investments available for sale	(1		)	—			—
Net (purchases of) proceeds from short-term investment activities	(84		)	162			(163		)
Additions to notes receivable	(13		)	(24		)	(28		)
Collection of notes receivable	49			22			1,542
Distributions from unconsolidated affiliates	1			2			—
Additional investments in unconsolidated affiliates	(2		)	(8		)	—
Net cash (used in) provided by investing activities	(50		)	154			1,351
Cash Flows From Financing Activities:
Borrowings	296			—			—
Debt service payments	(530		)	(2		)	(1,100		)
Equity portion of debt conversions paid in cash	(317		)	(2		)	—
Dividends paid	(278		)	(240		)	(220		)
Purchases of treasury stock	(23		)	(268		)	(506		)
Exercise of stock options	31			19			26
Payment for shares withheld for taxes and in treasury	(18		)	(9		)	(13		)
Cash transferred in the Black Knight spin-off	(87		)	—			—
Cash transferred in the FNFV split-off	(22		)	—			—
Other financing activity	(1		)	—			(15		)
Net dividends from subsidiaries	1,090			265			594
Net cash provided by (used in) financing activities	141			(237		)	(1,234		)
Net change in cash and cash equivalents	(16		)	(47		)	142
Cash at beginning of year	246			293			151
Cash at end of year	$	230		$	246		$	293

See Notes to Financial Statements

SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.

(Parent Company)

NOTES TO FINANCIAL STATEMENTS

A. Summary of Significant Accounting Policies

Fidelity National Financial, Inc. transacts substantially all of its business through its subsidiaries. The Parent Company Financial Statements should be read in connection with the aforementioned Consolidated Financial Statements and Notes thereto included elsewhere herein.


B.	Notes Payable

Notes payable consist of the following:



	December 31,
	2017		2016
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022	$	397	$	397
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018	65		291
Unsecured notes, net of discount, interest payable semi-annually at 6.60%, due May 2017	—		300
Revolving Credit Facility, unsecured, unused portion of $500 at December 31, 2017, due April 2022 with interest payable monthly at LIBOR + 1.40% (2.76% at December 31, 2017)	295		(3		)
	$	757	$	985


C.	Supplemental Cash Flow Information



	Year Ended December 31,
	2017		2016		2015
	(In millions)
Cash paid during the year:
Interest paid	$	54	$	63	$	72
Income tax payments	528		367		250


D.	Cash Dividends Received

We have received cash dividends from subsidiaries and affiliates of $0.8 billion, $0.4 billion, and $0.2 billion during the years ended December 31, 2017, 2016, and 2015, respectively.

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

Valuation and Qualifying Accounts [Abstract]

Schedule V Fidelity National Financial, Inc. and Subsidiaries Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2017

Valuation and Qualifying Accounts

FIDELITY NATIONAL FINANCIAL, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years Ended December 31, 2017, 2016 and 2015



			Column C
	Column B		Additions						Column D			Column E
	Balance at		Charge to									Balance at
Column A	Beginning of		Costs and		Other				Deduction			End of
Description	Period		Expenses		(Described)				(Described)			Period
	(In millions)
Year ended December 31, 2017:
Reserve for claim losses	$	1,487	$	238	$	(4	)	(1)	$	231	(2)	$	1,490

Year ended December 31, 2016:
Reserve for claim losses	$	1,583	$	157	$	(8	)	(1)	$	245	(2)	$	1,487

Year ended December 31, 2015:
Reserve for claim losses	$	1,621	$	246	$	1		(1)	$	285	(2)	$	1,583

____________________________


(1)	Represents the change in reinsurance recoverable.


(2)	Represents payments of claim losses, net of recoupments.

Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Investments		Fixed maturity securities are purchased to support our investment strategies, which are developed based on factors including rate of return, maturity, credit risk, duration, tax considerations and regulatory requirements. Fixed maturity securities which may be sold prior to maturity to support our investment strategies are carried at fair value and are classified as available for sale as of the balance sheet dates. Fair values for fixed maturity securities are principally a function of current market conditions and are valued based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly. Discount or premium is recorded for the difference between the purchase price and the principal amount. The discount or premium is amortized or accrued using the interest method and is recorded as an adjustment to interest and investment income. The interest method results in the recognition of a constant rate of return on the investment equal to the prevailing rate at the time of purchase or at the time of subsequent adjustments of book value. Changes in prepayment assumptions are accounted for retrospectively. Equity securities and preferred stocks held are considered to be available for sale and carried at fair value as of the balance sheet dates. Our equity securities and certain preferred stocks are Level 1 financial assets and fair values are based on quoted prices in active markets. Other preferred stock holdings are Level 2 financial assets and are valued based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly. Investments in unconsolidated affiliates are recorded using the equity method of accounting. Other long-term investments consist of various cost-method investments and company-owned life insurance policies. The cost-method investments are carried at historical cost. The carrying value of our cost-method investments is $78 million and $6 million, at December 31, 2017 and 2016, respectively. Company-owned life insurance policies are carried at cash surrender value. Short-term investments, which consist primarily of commercial paper and money market instruments, which have an original maturity of one year or less, are carried at amortized cost, which approximates fair value. Realized gains and losses on the sale of investments are determined on the basis of the cost of the specific investments sold and are credited or charged to income on a trade date basis. Unrealized gains or losses on securities which are classified as available for sale, net of applicable deferred income tax expenses (benefits), are excluded from earnings and credited or charged directly to a separate component of equity. If any unrealized losses on available for sale securities are determined to be other-than-temporary, such unrealized losses are recognized as realized losses. Unrealized losses are considered other-than-temporary if factors exist that cause us to believe that the value will not increase to a level sufficient to recover our cost basis. Some factors considered in evaluating whether or not a decline in fair value is other-than-temporary include: (i) our need and intent to sell the investment prior to a period of time sufficient to allow for a recovery in value; (ii) the duration and extent to which the fair value has been less than cost; and (iii) the financial condition and prospects of the issuer. Such reviews are inherently uncertain and the value of the investment may not fully recover or may decline in future periods resulting in a realized loss.
Cash and Cash Equivalents		Highly liquid instruments purchased as part of cash management with original maturities of three months or less are considered cash equivalents. The carrying amounts reported in the Consolidated Balance Sheets for these instruments approximate their fair value.
Fair Value of Financial Instruments		The fair values of financial instruments presented in the Consolidated Financial Statements are estimates of the fair values at a specific point in time using available market information and appropriate valuation methodologies. These estimates are subjective in nature and involve uncertainties and significant judgment in the interpretation of current market data. We do not necessarily intend to dispose of or liquidate such instruments prior to maturity.
Trade and Notes Receivable		The carrying values reported in the Consolidated Balance Sheets for trade and notes receivables approximate their fair value.
Goodwill		Goodwill represents the excess of cost over fair value of identifiable net assets acquired and assumed in a business combination. Goodwill and other intangible assets with indefinite useful lives are reviewed for impairment annually or more frequently if circumstances indicate potential impairment, through a comparison of fair value to the carrying amount. In evaluating the recoverability of goodwill, we perform an annual goodwill impairment analysis based on a review of qualitative factors to determine if events and circumstances exist which will lead to a determination that the fair value of a reporting unit is greater than its carrying amount, prior to performing a full fair-value assessment.
Other Intangible Assets		We have other intangible assets, not including goodwill, which consist primarily of customer relationships and contracts, trademarks and tradenames, and computer software, which are generally recorded in connection with acquisitions at their fair value. Intangible assets with estimable lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. In general, customer relationships are amortized over their estimated useful lives, generally 10 years, using an accelerated method which takes into consideration expected customer attrition rates. Contractual relationships are generally amortized over their contractual life. Trademarks and tradenames are generally amortized over 10 years. Capitalized software includes the fair value of software acquired in business combinations, purchased software and capitalized software development costs. Purchased software is recorded at cost and amortized using the straight-line method over its estimated useful life. Software acquired in business combinations is recorded at its fair value and amortized using straight-line or accelerated methods over its estimated useful life, ranging from 5 to 10 years. For internal-use computer software products, internal and external costs incurred during the preliminary project stage are expensed as they are incurred. Internal and external costs incurred during the application development stage are capitalized and amortized on a product by product basis commencing on the date the software is ready for its intended use. We do not capitalize any costs once the software is ready for its intended use. We recorded $1 million in impairment expense to other intangible assets during the years ended December 31, 2017 and 2016. The impairment in 2017 was for computer software at ServiceLink. The impairment in 2016 was for customer relationships and tradenames at our real estate subsidiaries in our Corporate and Other segment. We recorded no impairment expense related to other intangible assets in the year ended December 31, 2015. Title Plants Title plants are recorded at the cost incurred to construct or obtain and organize historical title information to the point it can be used to perform title searches. Costs incurred to maintain, update and operate title plants are expensed as incurred. Title plants are not amortized as they are considered to have an indefinite life if maintained. Sales of title plants are reported at the amount received net of the adjusted costs of the title plant sold. Sales of title plant copies are reported at the amount received. No cost is allocated to the sale of copies of title plants unless the carrying value of the title plant is diminished or impaired. Title plants are reviewed for impairment whenever events or circumstances indicate that the carrying amounts may not be recoverable.
Property and Equipment		Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is computed primarily using the straight-line method based on the estimated useful lives of the related assets: twenty to thirty years for buildings and three to twenty-five years for furniture, fixtures and equipment. Leasehold improvements are amortized on a straight-line basis over the lesser of the term of the applicable lease or the estimated useful lives of such assets. Property and equipment are reviewed for impairment whenever events or circumstances indicate that the carrying amounts may not be recoverable.
Reserve for Title Claim Losses		Our reserve for title claim losses includes known claims as well as losses we expect to incur, net of recoupments. Each known claim is reserved based on our review as to the estimated amount of the claim and the costs required to settle the claim. Reserves for claims which are incurred but not reported are established at the time premium revenue is recognized based on historical loss experience and also take into consideration other factors, including industry trends, claim loss history, current legal environment, geographic considerations and the type of policy written. The reserve for title claim losses also includes reserves for losses arising from closing and disbursement functions due to fraud or operational error. If a loss is related to a policy issued by an independent agent, we may proceed against the independent agent pursuant to the terms of the agency agreement. In any event, we may proceed against third parties who are responsible for any loss under the title insurance policy under rights of subrogation.
Secured Trust Deposits		In the state of Illinois, a trust company is permitted to commingle and invest customers’ assets with its own assets, pending completion of real estate transactions.
Income Taxes		We recognize deferred tax assets and liabilities for temporary differences between the financial reporting basis and the tax basis of our assets and liabilities and expected benefits of utilizing net operating loss and credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The impact on deferred taxes of changes in tax rates and laws, if any, is applied to the years during which temporary differences are expected to be settled and reflected in the financial statements in the period enacted.
Reinsurance		In a limited number of situations, we limit our maximum loss exposure by reinsuring certain risks with other insurers. We also earn a small amount of additional income, which is reflected in our direct premiums, by assuming reinsurance for certain risks of other insurers. We cede a portion of certain policy and other liabilities under agent fidelity, excess of loss and case-by-case reinsurance agreements. Reinsurance agreements provide that in the event of a loss (including costs, attorneys’ fees and expenses) exceeding the retained amounts, the reinsurer is liable for the excess amount assumed. However, the ceding company remains primarily liable in the event the reinsurer does not meet its contractual obligations.
Revenue Recognition		Title. Our direct title insurance premiums and escrow, title-related and other fees are recognized as revenue at the time of closing of the related transaction as the earnings process is then considered complete. Premium revenues from agency operations and agency commissions include an accrual based on estimates using historical information of the volume of transactions that have closed in a particular period for which premiums have not yet been reported to us. The accrual for agency premiums is necessary because of the lag between the closing of these transactions and the reporting of these policies to us by the agent. Historically, the time lag between the closing of these transactions by our agents and the reporting of these policies, or premiums, to us has been up to 15 months, with 84 - 88% reported within three months following closing, an additional 9 - 12% reported within the next three months and the remainder within seven to fifteen months. In addition to accruing these earned but unreported agency premiums, we also accrue agent commission expense, which was 76.7%, of agent premiums earned in 2017, 76.1% of agent premiums earned in 2016, and 76.0% of agent premiums earned in 2015. We also record a provision for claim losses at the provision rate at the time we record the accrual for the premiums, which averaged 4.9% for 2017, 5.4%, excluding the release of excess reserves relating to prior years of $97 million, for 2016, and 5.7% for 2015 and accruals for premium taxes and other expenses relating to our premium accrual. The resulting impact to pretax earnings in any period is approximately 11% or less of the accrued premium amount. The impact of the change in the accrual for agency premiums and related expenses on our pretax earnings was an increase of $1 million for the year ended December 31, 2017, an increase of $4 million for the year ended 2016 and a decrease of $5 million for the year ended 2015. The amount due from our agents relating to this accrual, i.e., the agent premium less their contractual retained commission, was approximately $55 million and $53 million at December 31, 2017 and 2016, respectively, which represents agency premiums of approximately $280 million and $267 million at December 31, 2017 and 2016, respectively, and agent commissions of $225 million and $214 million at December 31, 2017 and 2016, respectively. Revenues from home warranty products are recognized over the life of the policy, which is one year. The unrecognized portion is recorded as deferred revenue in accounts payable and other accrued liabilities in the Consolidated Balance Sheets.
Comprehensive Earnings (Loss)		We report Comprehensive earnings (loss) in accordance with GAAP on the Consolidated Statements of Comprehensive Earnings. Total comprehensive earnings are defined as all changes in shareholders' equity during a period, other than those resulting from investments by and distributions to shareholders. While total comprehensive earnings is the activity in a period and is largely driven by net earnings in that period, accumulated other comprehensive earnings or loss represents the cumulative balance of other comprehensive earnings, net of tax, as of the balance sheet date. Amounts reclassified to net earnings relate to the realized gains (losses) on our investments and other financial instruments, excluding investments in unconsolidated affiliates, and are included in Realized gains and losses, net on the Consolidated Statements of Earnings.
Redeemable Noncontrolling Interest		As these redeemable noncontrolling interests provide for redemption features not solely within our control, we classify the redeemable noncontrolling interests outside of permanent equity. Redeemable noncontrolling interests held by third parties in subsidiaries owned or controlled by FNF is reported on the Consolidated Balance Sheet outside permanent of equity; and the Consolidated Statement of Earnings reflects the respective redeemable noncontrolling interests in Net earnings (loss) attributable to non-controlling interests, the effect of which is removed from the net earnings attributable to Fidelity National Financial, Inc. common shareholders.
Earnings Per Share	Earnings Per Share Basic earnings per share, as presented on the Condensed Consolidated Statement of Earnings, is computed by dividing net earnings available to common shareholders in a given period by the weighted average number of common shares outstanding during such period. In periods when earnings are positive, diluted earnings per share is calculated by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding plus the impact of assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted earnings per share is equal to basic earnings per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain stock options, shares of restricted stock, convertible debt instruments and certain other convertible share based payments which have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported. Options or other instruments which provide the ability to purchase shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share.	Basic earnings per share, as presented on the Consolidated Statement of Earnings, is computed by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding during the period. In periods when earnings are positive, diluted earnings per share is calculated by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding plus the impact of assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted earnings per share is equal to basic earnings per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain stock options, shares of restricted stock, convertible debt instruments and certain other convertible share based payments which have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported. Options or other instruments which provide the ability to purchase shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share.
Stock-Based Compensation Plans		We account for stock-based compensation plans using the fair value method. Using the fair value method of accounting, compensation cost is measured based on the fair value of the award at the grant date, using the Black-Scholes Model, and recognized over the service period.
Management Estimates		The preparation of these Consolidated Financial Statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Revenue Recognition In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU provides a new comprehensive revenue recognition model that requires companies to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update permits the use of either the retrospective or cumulative effect transition method. ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations was issued by FASB in March 2016 to clarify the principal versus agent considerations within ASU 2014-09. ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing was issued by the FASB in April 2016 to clarify how to determine whether goods and services are separately identifiable and thus accounted for as separate performance obligations. ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued by the FASB in May 2016 to clarify certain terms from the aforementioned updates and to add practical expedients for contracts at various stages of completion. ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, was issued by the FASB in December 2016 which includes thirteen technical corrections and improvements affecting narrow aspects of the guidance issued in ASU 2014-09. We adopted these revenue standards on January 1, 2018 using the modified retrospective approach. As there was no impact to our historical revenue recognition, we did not record a cumulative-effect adjustment to the opening balance of retained earnings in the current year. See Note J. Revenue Recognition for further discussion of our revenue. Other Adopted Pronouncements In January 2016, the FASB issued ASU No. 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The primary amendments required by the ASU include: requiring equity investments with readily determinable fair values to be measured at fair value through net income rather than through other comprehensive income; allowing entities with equity investments without readily determinable fair values to report the investments at cost, adjusted for changes in observable prices, less impairment; requiring entities that elect the fair value option for financial liabilities to report the change in fair value attributable to instrument-specific credit risk in other comprehensive income; and clarifying that entities should assess the need for a valuation allowance on a deferred tax asset related to available-for-sale debt securities in combination with other deferred tax assets. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires a cumulative-effect adjustment of the balance sheet as of the beginning of the year of adoption. Early adoption of the ASU is not permitted, except for the provision related to financial liabilities for which the fair value option has been elected. We adopted this new guidance on January 1, 2018, which resulted in the reclassification of our unrealized gains and losses on our equity and preferred securities available for sale previously included in accumulated other comprehensive income to beginning retained earnings. Changes in the fair value of our investments in equity and preferred securities subsequent to January 1, 2018 are now included in our earnings from continuing operations. We reclassified a total of $109 million from Accumulated other comprehensive income to beginning Retained earnings as of January 1, 2018. The total cumulative effect on opening equity, including an increase in Retained earnings of $19 million attributable to an increase in value of certain Other long term investments resulting from recording at fair value, was an increase in Retained earnings of $128 million and decrease in Accumulated other comprehensive income of $109 million. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. GAAP currently does not include specific guidance on the cash flow classification and presentation of changes in restricted cash. The Company previously excluded cash pledged related to secured trust deposits, which generally meets the definition of restricted cash, from the reconciliation of beginning-of-period to end-of-period total amounts shown on the statement of cash flows. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires retrospective application to all prior periods presented upon adoption. We adopted this ASU on January 1, 2018. The adoption of this ASU resulted in the following retrospective changes to our Statement of Cash Flows for the three months ended March 31, 2017: an increase in the net change in cash and cash equivalents of $67 million due to the inclusion of the change in our cash pledged against secured trust deposits, an increase in investing cash inflow of $179 million related to the movement of cash paid for investments pledged against secured trust deposits from operating to investing activities, and an increase in financing cash outflow of $112 million related to the movement of the change in secured trust deposits from operating to financing activities. Other Pronouncements Not Yet Adopted In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The amendments in this ASU introduce broad changes to the accounting and reporting for leases by lessees. The main provisions of the new standard include: clarifications to the definitions of a lease, components of leases, and criteria for determining lease classification; requiring virtually all leased assets, including operating leases and related liabilities resulting from applying the fair value measurement, to be reflected on the lessee's balance sheet; and expanding and adding to the required disclosures for lessees. This update is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the standard is permitted. The ASU requires a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. We are still evaluating the totality of the effects this new guidance will have on our business process and systems, consolidated financial statements, and related disclosures. We have identified a vendor with software suited to track and account for leases under the new standard. We have not concluded on the anticipated financial statement effects of adoption. We plan to adopt this standard on January 1, 2019. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments. The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of fixed maturity securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. We do not plan to early adopt the standard. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The guidance simplifies the measurement of goodwill impairment by removing step 2 of the goodwill impairment test, which requires the determination of the fair value of individual assets and liabilities of a reporting unit. The new guidance requires goodwill impairment to be measured as the amount by which a reporting unit’s carrying value exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments should be applied on a prospective basis. The new standard is effective for fiscal years beginning after December 15, 2019 with early adoption permitted for interim or annual goodwill impairment tests performed after January 1, 2017. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. On January 1, 2018, we adopted ASC Topic 606 by applying the modified retrospective method. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. The adoption of ASC Topic 606 did not have an impact on the recognition of our primary sources of revenue, direct and agency title premiums, as those revenue streams are subject to the accounting and reporting requirements under ASC Topic 944. Timing of recognition of substantially all of our remaining revenue was also not impacted and we therefore did not record any cumulative effect adjustment to opening equity.	Recent Accounting Pronouncements Revenue Recognition In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU provides a new comprehensive revenue recognition model that requires companies to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update permits the use of either the retrospective or cumulative effect transition method. ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations was issued by FASB in March 2016 to clarify the principal versus agent considerations within ASU 2014-09. ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing was issued by the FASB in April 2016 to clarify how to determine whether goods and services are separately identifiable and thus accounted for as separate performance obligations. ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued by the FASB in May 2016 to clarify certain terms from the aforementioned updates and to add practical expedients for contracts at various stages of completion. ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, was issued by the FASB in December 2016 which includes thirteen technical corrections and improvements affecting narrow aspects of the guidance issued in ASU 2014-09. We have completed our analysis of the impact of the standards and have concluded that these standards will not have a material impact on our accounting or reporting. Upon issuance of ASU 2015-14, the effective date of ASU 2014-09 was deferred to annual and interim periods beginning on or after December 15, 2017. We will adopt the guidance on January 1, 2018. Either of the following transition methods is permitted: (i) a full retrospective approach reflecting the application of the new standard in each prior reporting period, or (ii) a modified retrospective approach with a cumulative-effect adjustment to the opening balance of retained earnings in the year the new standard is first applied. We plan to transition to this new guidance using the modified retrospective approach. Other Pronouncements In January 2016, the FASB issued ASU No. 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The primary amendments required by the ASU include: requiring equity investments with readily determinable fair values to be measured at fair value through net income rather than through other comprehensive income; allowing entities with equity investments without readily determinable fair values to report the investments at cost, adjusted for changes in observable prices, less impairment; requiring entities that elect the fair value option for financial liabilities to report the change in fair value attributable to instrument-specific credit risk in other comprehensive income; and clarifying that entities should assess the need for a valuation allowance on a deferred tax asset related to available-for-sale debt securities in combination with other deferred tax assets. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires a cumulative-effect adjustment of the balance sheet as of the beginning of the year of adoption. Early adoption of the ASU is not permitted, except for the provision related to financial liabilities for which the fair value option has been elected. We have completed our evaluation of the effects this new guidance will have on our consolidated financial statements and related disclosures and have determined that the ASU will result in: (1) reclassification of our unrealized gains and losses on our equity and preferred securities available for sale currently included in accumulated other comprehensive income to beginning retained earnings as of January 1, 2018 and (2) changes in fair value of our equity and preferred securities available for sale subsequent to January 1, 2018 to be included in our earnings from continuing operations. As of December 31, 2017, we held equity and preferred securities available for sale with combined net unrealized gains (net of losses) of $164 million and $12 million, respectively. Including the associated effects of deferred taxes, based on the net of tax balances as of December 31, 2017, we expect to reclassify a total of approximately $109 million from Accumulated other comprehensive income to beginning Retained earnings as of January 1, 2018. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The amendments in this ASU introduce broad changes to the accounting and reporting for leases by lessees. The main provisions of the new standard include: clarifications to the definitions of a lease, components of leases, and criteria for determining lease classification; requiring virtually all leased assets, including operating leases and related liabilities, to be reflected on the lessee's balance sheet; and expanding and adding to the required disclosures for lessees. This update is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the standard is permitted. The ASU requires a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. We are still evaluating the totality of the effects this new guidance will have on our business process and systems, consolidated financial statements, related disclosures. We have identified a vendor with software suited to track and account for leases under the new standard. We have not concluded on the anticipated financial statement effects of adoption. We plan to adopt this standard on January 1, 2019. We are currently evaluating the impact of the adoption of this standard on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments. The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of debt securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. We do not plan to early adopt the standard. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The amendments in this ASU introduce clarifications to the presentation of certain cash receipts and cash payments in the statement of cash flows. The primary updates include additions and clarifications of the classification of cash flows related to certain debt repayment activities, contingent consideration payments related to business combinations, proceeds from insurance policies, distributions from equity method investees, and cash flows related to securitized receivables. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. The ASU requires retrospective application to all prior periods presented upon adoption. We will adopt this ASU on January 1, 2018 and based on our preliminary analysis, we do not expect the adoption of this ASU to have a material impact on our resulting operating, investing, or financing cash flows. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. GAAP currently does not include specific guidance on the cash flow classification and presentation of changes in restricted cash. The Company currently excludes cash pledged related to secured trust deposits, which generally meets the definition of restricted cash, from the reconciliation of beginning-of-period to end-of-period total amounts shown on the statement of cash flows. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. The ASU requires retrospective application to all prior periods presented upon adoption. We will adopt this ASU on January 1, 2018. Based on our preliminary analysis, we expect the adoption of this ASU to result in the movement of the change in our cash pledged against secured trust deposits from operating activities to the net change in cash, the change in investments pledged against secured trust deposits from operating to investing activities, and the change in secured trust deposits from operating to financing activities. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business to assist companies with evaluating whether transactions should be accounted for as acquisitions of assets or businesses. The new guidance requires a company to evaluate if substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets; if so, the set of assets and activities is not a business. The guidance also requires a business to include at least one substantive process and narrows the definition of outputs by more closely aligning it with how outputs are described in the guidance for revenue from contracts with customers. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. The guidance should be applied prospectively to any transactions occurring within the period of adoption. We will adopt this ASU on January 1, 2018. Based on our historical acquisition activity, we do not expect this to have a material impact on our ongoing accounting or financial reporting. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The guidance simplifies the measurement of goodwill impairment by removing step 2 of the goodwill impairment test, which requires the determination of the fair value of individual assets and liabilities of a reporting unit. The new guidance requires goodwill impairment to be measured as the amount by which a reporting unit’s carrying value exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments should be applied on a prospective basis. The new standard is effective for fiscal years beginning after December 15, 2019 with early adoption permitted for interim or annual goodwill impairment tests performed after January 1, 2017. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. In March 2017, the FASB issued ASU No. 2017-08, Receivables-Nonrefundable Fees and Other Costs (Topic 310-20): Premium Amortization on Purchased Callable Debt Securities. The amendments in this ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. The new guidance does not change the accounting for purchased callable debt securities held at a discount. This update is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. We early adopted the standard as of January 1, 2017. The adoption of this standard did not have a material impact on our financial statements.

Summary of Significant Accounting Policies (Table)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in the balance of Other comprehensive earnings (loss) by component are as follows:



	Unrealized gain on investments and other financial instruments, net (excluding investments in unconsolidated affiliates)		Unrealized (loss) gain relating to investments in unconsolidated affiliates			Unrealized (loss) gain on foreign currency translation and cash flow hedging			Minimum pension liability adjustment			Total Accumulated Other Comprehensive (Loss) Earnings
	(In millions)
Balance December 31, 2015	48		(78		)	(15		)	(24		)	(69		)
Other comprehensive earnings	38		10			2			6			56
Balance December 31, 2016	86		(68		)	(13		)	(18		)	(13		)
Other comprehensive earnings	25		12			6			9			52
Reclassification adjustments	3		—			—			—			3
Distribution of FNFV to Cannae Holdings	2		67			—			—			69
Balance December 31, 2017	$	116	$	11		$	(7	)	$	(9	)	$	111

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Purchase Consideration Paid

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



Total cash paid	$	98
Less: Cash acquired	(5		)
Total net consideration paid	$	93

paid total consideration, net of cash received, of $229 million in exchange for 95% of the equity interests of CINC. The total consideration paid was as follows (in millions):



Cash paid	$	240
Less: Cash Acquired	(11		)
Total net consideration paid	$	229



	Fair Value
Accounts receivable	$	1
Property and equipment	4
Other intangible assets	60
Goodwill	40
Title plant	3
Prepaid expenses and other	1
Total assets acquired	109
Accounts payable and accrued liabilities	5
Total liabilities assumed	5
Non-controlling interests assumed	11
Total liabilities and equity assumed	16
Net assets acquired	$	93



Total purchase price	$	101
Less: Cash acquired	(3		)
Total net assets acquired	98
Less: Contingent consideration payable	(16		)
Total net cash paid	$	82

paid total consideration, net of cash received, of $89 million in exchange for the assets and/or equity interests of the Title Acquisitions. The total consideration paid was as follows (in millions):



Cash paid	$	92
Less: Cash acquired	(3		)
Total net consideration paid	$	89

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed



	Fair Value
Trade and notes receivable, net	$	1
Prepaid and other assets	2
Other intangible assets	90
Goodwill	165
Income taxes receivable	2
Total assets acquired	260
Accounts payable and accrued liabilities	7
Deferred tax liability	12
Total liabilities assumed	19
Non-controlling interests	12
Total liabilities and equity assumed	31
Net assets acquired	$	229



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Property and equipment	$	4	5
Other intangible assets:
Customer relationships	52		10
Trade name	7		10
Non-compete agreements	1		5
Total Other intangible assets	60
Total	$	64

The gross carrying value and weighted average estimated useful lives of Computer software and Other intangible assets acquired in the CINC acquisition consist of the following (dollars in millions):



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Other intangible assets:
Customer relationships	$	46	10
Tradename	13		10
Computer software	28		7
Non-compete agreements	3		4
Total Other intangible assets	$	90



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Other intangible assets:
Customer relationships	$	57	10
Trade name	6		10
Non-compete agreements	1		5
Computer software	2		3
Other	2		1
Total Other intangible assets	$	68

he following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed for the Title Acquisitions as of the acquisition date (in millions):



	Fair Value
Trade and notes receivable	$	5
Other intangible assets	68
Goodwill	48
Prepaid expenses and other assets	1
Title plant	2
Property and equipment, net	3
Total assets acquired	127
Accounts payable and accrued liabilities	30
Deferred tax liability	8
Total liabilities assumed	38
Net assets acquired	$	89

The following table summarizes the total purchase price consideration and the preliminary fair value amounts recognized for the assets acquired and liabilities assumed for the Real Estate Technology Acquisitions as of the acquisition date (in millions):



	Fair Value
Other intangible assets	$	38
Goodwill	92
Property and equipment, net	1
Total assets acquired	131
Accounts payable and accrued liabilities	1
Deferred tax liability	9
Total liabilities assumed	10
Non-controlling interests	23
Total liabilities and equity assumed	33
Net assets acquired	$	98

The gross carrying value and weighted average estimated useful lives of the Other intangible assets acquired in the Real Estate Technology Acquisitions consist of the following (dollars in millions):



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Property and equipment, net	$	1	1 - 5
Other intangible assets:
Customer relationships	14		10
Trade name	5		10
Non-compete agreements	2		5
Computer software	17		7
Total Other intangible assets	$	38

Business Acquisition, Pro Forma Information



	Year ended December 31,
	2016		2015
Total revenues	$	7,285	$	6,695
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	653		529

Fair Value Measurements (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

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



	March 31, 2018
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	—	$	245	$	—	$	245
State and political subdivisions	—		230		—		230
Corporate debt securities	—		1,183		13		1,196
Mortgage-backed/asset-backed securities	—		53		—		53
Foreign government bonds	—		58		—		58
Preferred securities	23		293		—		316
Equity securities	677		—		—		677
Other long-term investments	—		—		101		101
Total assets	$	700	$	2,062	$	114	$	2,876



	December 31, 2017
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	—	$	195	$	—	$	195
State and political subdivisions	—		391		—		391
Corporate debt securities	—		1,117		—		1,117
Mortgage-backed/asset-backed securities	—		56		—		56
Foreign government bonds	—		57		—		57
Preferred securities	23		296		—		319
Equity securities	681		—		—		681
Total assets	$	704	$	2,112	$	—	$	2,816

The following table presents our fair value hierarchy for those assets measured at fair value on a recurring basis as of December 31, 2017 and 2016, respectively:



	December 31, 2017
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Fixed-maturity securities available for sale:
U.S. government and agencies	$	—	$	195	$	—	$	195
State and political subdivisions	—		391		—		391
Corporate debt securities	—		1,117		—		1,117
Foreign government bonds	—		57		—		57
Mortgage-backed/asset-backed securities	—		56		—		56
Preferred stock available for sale	23		296		—		319
Equity securities available for sale	681		—		—		681
Total	$	704	$	2,112	$	—	$	2,816



	December 31, 2016
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed-maturity securities available for sale:
U.S. government and agencies	$	—	$	117	$	—	$	117
State and political subdivisions	—		615		—		615
Corporate debt securities	—		1,508		—		1,508
Foreign government bonds	—		109		—		109
Mortgage-backed/asset-backed securities	—		58		—		58
Preferred stock available for sale	32		283		—		315
Equity securities available for sale	386		—		—		386
Total	$	418	$	2,690	$	—	$	3,108

Investments (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Investments, Debt and Equity Securities, and Equity Method Investments [Abstract]

Schedule of Available-for-sale Securities

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



	March 31, 2018
	Carrying		Cost		Unrealized		Unrealized			Fair
	Value		Basis		Gains		Losses			Value
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	245	$	247	$	—	$	(2	)	$	245
State and political subdivisions	230		227		3		—			230
Corporate debt securities	1,196		1,201		6		(11		)	1,196
Mortgage-backed/asset-backed securities	53		53		1		(1		)	53
Foreign government bonds	58		60		—		(2		)	58
Total	$	1,782	$	1,788	$	10	$	(16	)	$	1,782



	December 31, 2017
	Carrying		Cost		Unrealized		Unrealized			Fair
	Value		Basis		Gains		Losses			Value
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	195	$	196	$	—	$	(1	)	$	195
State and political subdivisions	391		387		4		—			391
Corporate debt securities	1,117		1,110		11		(4		)	1,117
Mortgage-backed/asset-backed securities	56		55		1		—			56
Foreign government bonds	57		58		1		(2		)	57
Preferred securities	319		307		12		—			319
Equity securities	681		517		172		(8		)	681
Total	$	2,816	$	2,630	$	201	$	(15	)	$	2,816

The carrying amounts and fair values of our available for sale securities at December 31, 2017 and 2016 are as follows:



	December 31, 2017
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity investments available for sale:
U.S. government and agencies	$	195	$	196	$	—	$	(1	)	$	195
States and political subdivisions	391		387		4		—			391
Corporate debt securities	1,117		1,110		11		(4		)	1,117
Foreign government bonds	57		58		1		(2		)	57
Mortgage-backed/asset-backed securities	56		55		1		—			56
Preferred stock available for sale	319		307		12		—			319
Equity securities available for sale	681		517		172		(8		)	681
Total	$	2,816	$	2,630	$	201	$	(15	)	$	2,816



	December 31, 2016
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity investments available for sale:
U.S. government and agencies	$	117	$	117	$	—	$	—		$	117
States and political subdivisions	615		607		9		(1		)	615
Corporate debt securities	1,508		1,499		15		(6		)	1,508
Foreign government bonds	109		117		—		(8		)	109
Mortgage-backed/asset-backed securities	58		56		2		—			58
Preferred stock available for sale	315		312		6		(3		)	315
Equity securities available for sale	386		278		108		—			386
Total	$	3,108	$	2,986	$	140	$	(18	)	$	3,108

Investments Classified by Contractual Maturity Date

The following table presents certain information regarding contractual maturities of our fixed maturity securities at March 31, 2018:



	March 31, 2018
	Amortized		% of		Fair		% of
Maturity	Cost		Total		Value		Total
	(Dollars in millions)
One year or less	$	445	25	%	$	444	25	%
After one year through five years	1,269		71		1,264		71
After five years through ten years	16		1		16		1
After ten years	5		—		5		—
Mortgage-backed/asset-backed securities	53		3		53		3
Total	$	1,788	100	%	$	1,782	100	%

The following table presents certain information regarding contractual maturities of our fixed maturity securities at December 31, 2017:



	December 31, 2017
Maturity	Amortized Cost		% of Total		Fair Value		% of Total
	(Dollars in millions)
One year or less	$	496	27.5	%	$	496	27.3	%
After one year through five years	1,219		67.5		1,227		67.5
After five years through ten years	31		1.7		32		1.8
After ten years	5		0.3		5		0.3
Mortgage-backed/asset-backed securities	55		3.0		56		3.1
	$	1,806	100.0	%	$	1,816	100.0	%

Schedule of Temporary Impairment Losses, Investments



March 31, 2018
	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government and agencies	$	210	$	(2	)	$	—	$	—		$	210	$	(2	)
Corporate debt securities	830		(8		)	44		(3		)	874		(11		)
Foreign government bonds	19		(1		)	7		(1		)	26		(2		)
Mortgage-backed/asset-backed securities	29		(1		)	—		—			29		(1		)
Total temporarily impaired securities	$	1,088	$	(12	)	$	51	$	(4	)	$	1,139	$	(16	)



December 31, 2017
	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government and agencies	$	149	$	(1	)	$	—	$	—		$	149	$	(1	)
Corporate debt securities	464		(3		)	51		(1		)	515		(4		)
Foreign government bonds	—		—			10		(2		)	10		(2		)
Equity securities	121		(7		)	5		(1		)	126		(8		)
Total temporarily impaired securities	$	734	$	(11	)	$	66	$	(4	)	$	800	$	(15	)

Net unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2017 and 2016 are as follows (in millions):



December 31, 2017
	Less than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Corporate debt securities	$	464	$	(3	)	$	51	$	(1	)	$	515	$	(4	)
U.S. government and agencies	149		(1		)	—		—			149		(1		)
Foreign government bonds	—		—			10		(2		)	10		(2		)
Equity securities available for sale	121		(7		)	5		(1		)	126		(8		)
Total temporarily impaired securities	$	734	$	(11	)	$	66	$	(4	)	$	800	$	(15	)



December 31, 2016
	Less than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
States and political subdivisions	$	107	$	(1	)	$	—	$	—		$	107	$	(1	)
Corporate debt securities	410		(4		)	11		(2		)	421		(6		)
Foreign government bonds	85		(4		)	20		(4		)	105		(8		)
Preferred stock available for sale	55		(2		)	42		(1		)	97		(3		)
Total temporarily impaired securities	$	657	$	(11	)	$	73	$	(7	)	$	730	$	(18	)

Realized Gains and Losses and Proceeds From Sales on Investments and Other Assets



	Three months ended March 31, 2018
	Gross Realized Gains		Gross Realized Losses		Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	3	$	—	$	3		$	298
Valuation losses on equity securities					(4		)	—
Valuation losses on preferred securities					(3		)	—
Property and equipment					5			21
Total					$	1		$	319



	Three months ended March 31, 2017
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	3	$	(3	)	$	—		$	236
Loss on debt redemptions						(2		)	—
Other assets						(2		)	—
Total						$	(4	)	$	236



	Year ended December 31, 2017
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	7	$	(8	)	$	(1	)	$	968
Preferred stock available for sale	—		—			—			10
Other long-term investments						9			21
Loss on debt conversions						(6		)	—
Property, plant and equipment						2			4
Other intangible assets						(1		)	—
Other realized gains and losses, net						(1		)	—
Total						$	2		$	1,003

	Year ended December 31, 2016
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	4	$	(16	)	$	(12	)	$	624
Preferred stock available for sale	1		—			1			9
Equity securities available for sale	11		(1		)	10			50
Investments in unconsolidated affiliates						(3		)	—
Other intangible assets						(1		)	—
Other assets						(3		)	6
Total						$	(8	)	$	689

	Year ended December 31, 2015
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	14	$	(17	)	$	(3	)	$	1,076
Preferred stock available for sale	1		—			1			58
Equity securities available for sale	13		(11		)	2			51
Other assets						11			—
Total						$	11		$	1,185

Interest and Investment Income

Interest and investment income consists of the following:



	Year Ended December 31,
	2017		2016		2015
	(In millions)
Cash and cash equivalents	$	3	$	—	$	—
Fixed maturity securities available for sale	61		76		82
Equity securities and preferred stock available for sale	28		28		24
Short-term investments	4		2		—
Other	35		20		15
Total	$	131	$	126	$	121

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

Property, Plant and Equipment [Abstract]

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment



Property and equipment consists of the following:
	December 31,
	2017			2016
	(In millions)
Land	$	22		$	23
Buildings	111			108
Leasehold improvements	92			89
Data processing equipment	156			159
Furniture, fixtures and equipment	224			225
	605			604
Accumulated depreciation and amortization	(412		)	(412		)
	$	193		$	192

Goodwill (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill consists of the following:



	Title			Corporate and Other			Total
	(In millions)
Balance, December 31, 2015	$	2,303		$	45		$	2,348
Goodwill acquired during the year (1)	48			170			218
Adjustments to prior year acquisitions	(6		)	(5		)	(11		)
Balance, December 31, 2016	$	2,345		$	210		$	2,555
Goodwill acquired during the year (1)	84			104			188
Adjustments to prior year acquisitions	3			—			3
Balance, December 31, 2017	$	2,432		$	314		$	2,746

_____________________________________

(1) See Note B Acquisitions for further discussion of significant goodwill acquired.

Discontinued Operations (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Summary of Operations Included in Discontinued Operations

A summary of the operations of FNFV included in discontinued operations is shown below:



	Three months ended March 31,

	2017
	(Unaudited)
Revenues:
Escrow, title-related and other fees	$	49
Restaurant revenue	273
Interest and investment income	1
Realized gains and losses, net	5
Total revenues	328
Expenses:
Personnel costs	46
Other operating expenses	25
Cost of restaurant revenue	236
Depreciation and amortization	16
Interest expense	4
Total expenses	327
Earnings from discontinued operations before income taxes	1
Income tax expense	(2		)
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	3
Equity in (losses) earnings of unconsolidated affiliates	(4		)
Net earnings (loss) from discontinued operations	(1		)
Less: Net earnings attributable to non-controlling interests	(2		)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	1

Cash flow from discontinued operations data:
Net cash provided by operations	$	15
Net cash used in investing activities	(27		)

A reconciliation of the operations of Black Knight to the Statement of Operations is shown below (in millions):



	Three months ended March 31,
	Three months ended March 31,
	2017
	(Unaudited)
Revenues:
Escrow, title-related and other fees	$	248
Realized gains and losses, net	(2		)
Total revenues	246
Expenses:
Personnel costs	101
Other operating expenses	45
Depreciation and amortization	53
Interest expense	15
Total expenses	214
Earnings from discontinued operations before income taxes	32
Income tax expense	10
Net earnings from discontinued operations	22
Less: Net earnings attributable to non-controlling interests	12
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	10

Cash flow from discontinued operations data:
Net cash provided by operations	$	49
Net cash used in investing activities	(16		)

A summary of the operations of FNFV included in discontinued operations is shown below:



	Year Ended December 31,
	2017			2016			2015
Revenues:	(in millions)
Escrow, title-related and other fees	$	111		$	168		$	204
Restaurant revenue	981			1,158			1,412
Interest and investment income	5			3			2
Realized gains and losses, net	277			6			(19		)
Total revenues	1,374			1,335			1,599
Expenses:
Personnel costs	148			165			158
Other operating expenses	94			106			167
Cost of restaurant revenue	861			984			1,195
Depreciation and amortization	51			63			65
Interest expense	9			10			8
Total expenses	1,163			1,328			1,593
Earnings from discontinued operations before income taxes	211			7			6
Income tax expense (benefit)	103			(11		)	(19		)
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	108			18			25
Equity in losses of unconsolidated affiliates	(12		)	(22		)	(22		)
Net earnings (loss) from discontinued operations	96			(4		)	3
Less: Net (losses) earnings attributable to non-controlling interests	(13		)	—			16
Net earnings (loss) attributable to Fidelity National Financial, Inc. common shareholders	$	109		$	(4	)	$	(13	)

Cash flow from discontinued operations data:
Net cash (used in) provided by operations	$	(134	)	$	81		$	29
Net cash (used in) provided by investing activities	(11		)	67			166

A summary of the operations of Black Knight included in discontinued operations is shown below:



	Year Ended December 31,
	2017			2016			2015
Revenues:	(in millions)
Escrow, title-related and other fees	$	745		$	963		$	874
Realized gains and losses, net	(13		)	—			(5		)
Total revenues	732			963			869
Expenses:
Personnel costs	292			393			377
Other operating expenses	145			190			156
Depreciation and amortization	154			208			195
Interest expense	42			62			49
Total expenses	633			853			777
Earnings from discontinued operations before income taxes	99			110			92
Income tax expense	40			36			35
Net earnings from discontinued operations	59			74			57
Less: Net earnings attributable to non-controlling interests	36			47			28
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	23		$	27		$	29

Cash flow from discontinued operations data:
Net cash provided by operations	$	240		$	326		$	248
Net cash used in investing activities	(46		)	(230		)	(103		)

Summary of Financial Position Included as Assets and Liabilities of Discontinued Operations

A summary of the financial position of FNFV included as assets and liabilities of discontinued operations is shown below:



	December 31, 2016
	(in millions)
Investments:
Fixed maturities available for sale, at fair value	$	25
Equity securities available for sale, at fair value	52
Investments in unconsolidated affiliates	407
Other long term investments	12
Short term investments	2
Total investments	498
Cash and cash equivalents	144
Trade and notes receivable	52
Goodwill	206
Prepaid expenses and other assets	33
Capitalized software, net	16
Deferred tax assets	58
Other intangible assets, net	200
Property and equipment, net	251
Total assets of discontinued operations	$	1,458

Accounts payable and accrued liabilities	$	214
Notes payable	233
Income taxes payable	18
Total liabilities of discontinued operations	$	465

A reconciliation of the financial position of Black Knight and FNFV to the Balance Sheet is shown below:



	December 31, 2016
	(in millions)
Assets:
Assets of discontinued operations attributable to Black Knight	$	3,761
Assets of discontinued operations attributable to FNFV	1,458
Total assets of discontinued operations	$	5,219
Liabilities:
Liabilities of discontinued operations attributable to Black Knight	$	2,173
Liabilities of discontinued operations attributable to FNFV	465
Total liabilities of discontinued operations	$	2,638

A summary of the financial position of Black Knight included as assets and liabilities of discontinued operations is shown below:



	December 31, 2016
	(in millions)
Cash and cash equivalents	$	130
Short term investments	4
Trade and notes receivable	157
Goodwill	2,304
Prepaid expenses and other assets	184
Capitalized software, net	450
Other intangible assets, net	359
Property and equipment, net	173
Total assets of discontinued operations	$	3,761

Accounts payable and accrued liabilities	$	287
Notes payable	1,526
Income taxes payable	26
Deferred tax liabilities	334
Total liabilities of discontinued operations	$	2,173

Reconciliation of Net Earnings of Discontinued Operations to the Statement of Operations

A reconciliation of the net earnings of Black Knight and FNFV to the Statement of Earnings is shown below:



	Three months ended March 31,
	Three months ended March 31,
	2017
	(Unaudited)
Earnings from discontinued operations attributable to Black Knight	$	22
Loss from discontinued operations attributable to FNFV	(1		)
Net earnings from discontinued operations, net of tax	$	21

A reconciliation of the net earnings of Black Knight and FNFV to the Statement of Operations is shown below:



	Year Ended December 31,
	2017		2016			2015
	(in millions)
Earnings from discontinued operations attributable to Black Knight	$	59	$	74		$	57
Earnings (loss) from discontinued operations attributable to FNFV	96		(4		)	3
Total earnings from discontinued operations, net of tax	$	155	$	70		$	60

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Other Intangible Assets

Other intangible assets consist of the following:



	December 31,
	2017			2016
	(In millions)
Customer relationships and contracts	$	860		$	748
Trademarks and tradenames	81			74
Computer software	357			324
	1,298			1,146
Accumulated amortization	(680		)	(561		)
	$	618		$	585

Accounts Payable and Other Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2017

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and other accrued liabilities consist of the following:



	December 31,
	2017		2016
	(In millions)
Accrued benefits	$	254	$	245
Salaries and incentives	277		267
Accrued rent	22		19
Trade accounts payable	39		42
Accrued recording fees and transfer taxes	17		16
Accrued premium taxes	20		26
Deferred revenue	107		103
Other accrued liabilities	219		215
	$	955	$	933

Notes Payable (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Schedule of Notes Payable

Notes payable consists of the following:



	March 31, 2018		December 31, 2017
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022	$	398	$	397
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018	53		65
Revolving Credit Facility, unsecured, unused portion of $500, due April 2022 with interest payable quarterly at LIBOR + 1.40% (3.12% at March 31, 2018)	295		295
Other	2		2
	$	748	$	759

Notes payable consists of the following:



	December 31,
	2017		2016
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022	$	397	$	397
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018	65		291
Unsecured notes, net of discount, interest payable semi-annually at 6.60%, due May 2017	—		300
Revolving Credit Facility, unsecured, unused portion of $500 at December 31, 2017, due April 2022 with interest payable monthly at LIBOR + 1.40% (2.76% at December 31, 2017)	295		(3		)
Other	2		2
	$	759	$	987

Schedule of Maturities of Notes Payable



Gross principal maturities of notes payable at March 31, 2018 are as follows (in millions):
2018 (remaining)	$	54
2019	—
2020	1
2021	—
2022	700
Thereafter	—
	$	755



Gross principal maturities of notes payable at December 31, 2017 are as follows (in millions):
2018	$	66
2019	—
2020	1
2021	—
2022	700
Thereafter	—
	$	767

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Topic 942
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-Section 50
-Paragraph 3
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
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-Paragraph 1
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Schedule of Income before Income Tax, Domestic and Foreign

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income tax expense on continuing operations consists of the following:



	Year Ended December 31,
	2017			2016		2015
	(In millions)
Current	$	476		$	333	$	275
Deferred	(241		)	14		(1		)
	$	235		$	347	$	274

Schedule of Components of Income Tax Expense (Benefit)

Total income tax expense (benefit) was allocated as follows (in millions):



	Year Ended December 31,
	2017		2016		2015
Net earnings from continuing operations	$	235	$	347	$	274
Tax expense attributable to net earnings from discontinued operations	144		25		16
Other comprehensive earnings (loss):
Unrealized gain (loss) on investments and other financial instruments	25		29		(40		)
Unrealized gain (loss) on foreign currency translation and cash flow hedging	4		1		(7		)
Minimum pension liability adjustment	3		3		3
Total income tax expense (benefit) allocated to other comprehensive earnings	32		33		(44		)
Additional paid-in capital, stock-based compensation	—		—		(21		)
Total income taxes	$	411	$	405	$	225

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory rate to our effective tax rate is as follows:



	Year Ended December 31,
	2017		2016		2015
Federal statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	1.8		2.8		3.0
Deductible dividends paid to FNF 401(k) plan	(0.2	)	(0.1	)	(0.2	)
Tax exempt interest income	(0.4	)	(0.5	)	(0.8	)
Stock compensation	(1.4	)	(1.7	)	—
Tax Credits	(0.1	)	(0.1	)	(0.1	)
Consolidated Partnerships	—		0.2		0.4
Tax reform	(10.7	)	—		—
Non-deductible expenses and other, net	3.2		0.8		(1.6	)
Effective tax rate	27.2	%	36.4	%	35.7	%

Schedule of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities at December 31, 2017 and 2016 consist of the following:



	December 31,
	2017			2016
	(In millions)
Deferred Tax Assets:
Employee benefit accruals	$	68		$	36
Net operating loss carryforwards	9			22
Insurance reserve discounting	26			—
Accrued liabilities	10			18
Allowance for uncollectible accounts receivable	4			—
Pension plan	2			5
Tax credits	40			41
State income taxes	4			13
Other	1			3
Total gross deferred tax asset	164			138
Less: valuation allowance	22			10
Total deferred tax asset	$	142		$	128
Deferred Tax Liabilities:
Title plant	$	(55	)	$	(85	)
Amortization of goodwill and intangible assets	(113		)	(174		)
Other investments	(5		)	(4		)
Other	(13		)	(11		)
Investment securities	(41		)	(39		)
Depreciation	(9		)	(12		)
Partnerships	(75		)	(94		)
Insurance reserve discounting	—			(79		)
Total deferred tax liability	$	(311	)	$	(498	)
Net deferred tax liability	$	(169	)	$	(370	)

Summary of Reserve for Claim Losses (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Summary of Reserve for Claim Losses

A summary of the reserve for claim losses follows:



	Three months ended March 31,
	2018			2017
	(Dollars in millions)
Beginning balance	$	1,490		$	1,487
Change in reinsurance recoverable	—			(4		)
Claim loss provision related to:
Current year	47			51
Prior years	—			1
Total title claim loss provision	47			52
Claims paid, net of recoupments related to:
Current year	(1		)	(1		)
Prior years	(50		)	(50		)
Total title claims paid, net of recoupments	(51		)	(51		)
Ending balance of claim loss reserve for title insurance	$	1,486		$	1,484
Provision for title insurance claim losses as a percentage of title insurance premiums	4.5		%	5.0		%

A summary of the reserve for claim losses follows:



	Year Ended December 31,
	2017			2016			2015
	(Dollars in millions)
Beginning balance	$	1,487		$	1,583		$	1,621
Change in reinsurance recoverable	(4		)	(8		)	1
Claim loss provision related to:
Current year	219			236			224
Prior years	19			(79		)	22
Total title claim loss provision	238			157			246
Claims paid, net of recoupments related to:
Current year	(8		)	(10		)	(7		)
Prior years	(223		)	(235		)	(278		)
Total title claims paid, net of recoupments	(231		)	(245		)	(285		)
Ending balance of claim loss reserve for title insurance	$	1,490		$	1,487		$	1,583
Provision for title insurance claim losses as a percentage of title insurance premiums	4.9		%	3.3		%	5.7		%

Commitments and Contingencies (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

Future minimum operating lease payments are as follows (in millions):



2018 (remaining)	$	115
2019	135
2020	106
2021	78
2022	53
Thereafter	51
Total future minimum operating lease payments	$	538

Operating Leases



Future minimum operating lease payments are as follows (in millions):
2018	$	150
2019	127
2020	98
2021	71
2022	46
Thereafter	44
Total future minimum operating lease payments	$	536

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2017

Retirement Benefits [Abstract]

Schedule of Stock Options Transactions

FNF stock option transactions under the Omnibus Plan for 2015, 2016, and 2017 are as follows:



	Options		Weighted Average Exercise Price		Exercisable
Balance, December 31, 2014	9,393,211		$	19.43	5,173,802
Granted	1,886,320		34.84
Exercised	(1,966,937	)	12.96
Canceled	(12,085	)	26.62
Balance, December 31, 2015	9,300,509		$	23.92	5,256,426
Granted	35,000		35.63
Exercised	(1,846,153	)	10.12
Canceled	(7,673	)	26.17
Balance, December 31, 2016	7,481,683		$	27.38	5,821,592
Options issued as make-whole adjustment for BK Distribution	2,375,111		20.32
Exercised	(1,313,061	)	18.38
Canceled	(14,306	)	24.49
Balance, December 31, 2017	8,529,427		$	20.38	7,648,837

Schedule of Restricted Stock Transactions

FNF restricted stock transactions under the Omnibus Plan in 2015, 2016, and 2017 are as follows:




	Shares		Weighted Average Grant Date Fair Value
Balance, December 31, 2014	1,770,781		$	25.08
Granted	613,960		34.84
Canceled	(10,105	)	26.14
Vested	(982,762	)	23.00
Balance, December 31, 2015	1,391,874		$	30.85
Granted	803,292		34.54
Canceled	(3,266	)	28.07
Vested	(720,227	)	28.97
Balance, December 31, 2016	1,471,673		$	33.79
Granted	828,818		37.12
Restricted stock issued as make-whole adjustment for BK Distribution	545,676		24.62
Canceled	(11,233	)	24.52
Vested	(995,873	)	23.98
Balance, December 31, 2017	1,839,061		$	30.58

Schedule of Stock Options Outstanding and Exercisable

The following table summarizes information related to stock options outstanding and exercisable as of December 31, 2017:



	Options Outstanding						Options Exercisable
		Weighted						Weighted
		Average	Weighted					Average	Weighted
		Remaining	Average					Remaining	Average
Range of	Number of	Contractual	Exercise		Intrinsic		Number of	Contractual	Exercise		Intrinsic
Exercise Prices	Options	Life	Price		Value		Options	Life	Price		Value
		(In years)			(In millions)			(In years)			(In millions)
$0.00 — $14.38	662,763	1.85	$	14.38	$	16	662,763	1.85	$	14.38	$	16
$14.39 — $17.76	4,070,183	2.89	17.76		87		4,070,183	2.89	17.76		87
$17.77 — $21.84	1,342,007	3.84	21.84		23		1,342,007	3.84	21.84		23
$21.85 — $25.34	13,648	5.98	25.34		—		4,549	5.98	25.34		—
$25.35 — $25.53	2,422,627	4.83	25.53		33		1,569,335	4.83	25.53		22
$25.54 — $26.99	18,199	5.55	26.99		—		—	0	—		—
	8,529,427				$	159	7,648,837				$	148

Supplementary Cash Flow Information (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Schedule of Supplemental Cash Flow Information

The following supplemental cash flow information is provided with respect to certain non-cash investing and financing activities.



	Three months ended March 31,
	2018			2017
Cash paid for:
Interest	$	15		$	30
Income taxes	2			14
Non-cash investing and financing activities:
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$	11		$	(9	)
Change in purchases of investments available for sale payable in period	(4		)	1

Financing activities:
Accrual for unsettled debt service payments related to the Notes	$	—		$	9
Accrual for the equity portion of unsettled repurchases of the Notes	—			12

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



	Year Ended December 31,
	2017			2016		2015
	(In millions)
Cash paid during the year:
Interest	$	102		$	125	$	124
Income taxes	528			367		250

Non-cash investing and financing activities:
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$	3		$	7	$	(25	)
Change in purchases of investments available for sale payable in period	(9		)	19		(2		)

Financing activities:
Liabilities assumed in connection with acquisitions (1):
Fair value of net assets acquired	$	595		$	625	$	155
Less: Total purchase price	481			557		111
Liabilities and noncontrolling interests assumed	$	114		$	68	$	44
Change in treasury stock purchases payable in period	$	—		$	8	$	(7	)

_____________________________________

(1) See Note B Acquisitions for further discussion of assets and liabilities acquired in business combinations in the current year.

Financial Instruments with Off-Balance Sheet Risk and Concentration of Risk (Tables)

12 Months Ended

Dec. 31, 2017

Risks and Uncertainties [Abstract]

Schedules of Title Insurance Premiums as a Percentage of Total Title Insurance Premiums Written



	2017		2016		2015
California	14.5	%	14.6	%	15.1	%
Texas	14.2	%	14.2	%	14.4	%
Florida	8.0	%	7.7	%	8.1	%
New York	6.3	%	7.1	%	8.1	%

Segment Information (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Segment Information

As of and for the three months ended March 31, 2018:



	Title		Corporate and Other			Total
	(In millions)
Title premiums	$	1,036	$	—		$	1,036
Other revenues	516		102			618
Revenues from external customers	1,552		102			1,654
Interest and investment income, including realized gains and losses	38		1			39
Total revenues	1,590		103			1,693
Depreciation and amortization	40		7			47
Interest expense	—		11			11
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	163		(36		)	127
Income tax expense (benefit)	40		(9		)	31
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	123		(27		)	96
Equity in earnings of unconsolidated affiliates	1		1			2
Earnings (loss) from continuing operations	$	124	$	(26	)	$	98
Assets	$	8,276	$	742		$	9,018
Goodwill	2,434		313			2,747

As of and for the three months ended March 31, 2017:



	Title		Corporate and Other			Total

Title premiums	$	1,048	$	—		$	1,048
Other revenues	496		75			571
Revenues from external customers	1,544		75			1,619
Interest and investment income, including realized gains and losses	26		(2		)	24
Total revenues	1,570		73			1,643
Depreciation and amortization	38		5			43
Interest expense	—		16			16
Earnings (loss) from continuing operations, before income taxes and equity in earnings (losses) of unconsolidated affiliates	151		(23		)	128
Income tax expense (benefit)	78		(9		)	69
Earnings (loss) from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	73		(14		)	59
Equity in earnings (losses) of unconsolidated affiliates	2		(1		)	1
Earnings (loss) from continuing operations	$	75	$	(15	)	$	60
Assets	$	8,264	$	5,914		$	14,178
Goodwill	2,347		215			2,562

As of and for the year ended December 31, 2017:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,893	$	—		$	4,893
Other revenues	2,181		456			2,637
Revenues from external customers	7,074		456			7,530
Interest and investment income (loss), including realized gains and losses	137		(4		)	133
Total revenues	7,211		452			7,663
Depreciation and amortization	159		24			183
Interest expense	—		48			48
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	955		(91		)	864
Income tax expense (benefit)	274		(39		)	235
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	681		(52		)	629
Equity in earnings of unconsolidated affiliates	10		—			10
Earnings (loss) from continuing operations	$	691	$	(52	)	$	639
Assets	$	8,405	$	746		$	9,151
Goodwill	2,432		314			2,746

As of and for the year ended December 31, 2016:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,723	$	—		$	4,723
Other revenues	2,128		288			2,416
Revenues from external customers	6,851		288			7,139
Interest and investment income (loss), including realized gains and losses	127		(9		)	118
Total revenues	6,978		279			7,257
Depreciation and amortization	148		12			160
Interest expense	—		64			64
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	1,025		(70		)	955
Income tax expense (benefit)	386		(39		)	347
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	639		(31		)	608
Equity in earnings of unconsolidated affiliates	13		1			14
Earnings (loss) from continuing operations	$	652	$	(30	)	$	622
Assets	$	8,756	$	5,765		$	14,521
Goodwill	2,345		210			2,555

As of and for the year ended December 31, 2015:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,286	$	—		$	4,286
Other revenues	2,005		241			2,246
Revenues from external customers	6,291		241			6,532
Interest and investment income (loss), including realized gains and losses	137		(5		)	132
Total revenues	6,428		236			6,664
Depreciation and amortization	144		6			150
Interest expense	—		73			73
Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates	836		(66		)	770
Income tax expense (benefit)	305		(31		)	274
Earnings (loss) from continuing operations, before equity in earnings (loss) of unconsolidated affiliates	531		(35		)	496
Equity in earnings (loss) of unconsolidated affiliates	6		(1		)	5
Earnings (loss) from continuing operations	$	537	$	(36	)	$	501
Assets	$	8,533	$	5,510		$	14,043
Goodwill	2,303		45			2,348

Business and Summary of Significant Accounting Policies - Recent Developments (Details) $ / shares in Units, $ in Millions							12 Months Ended
	Nov. 30, 2017 USD ($) shares	Nov. 17, 2017 $ / shares	Sep. 29, 2017 shares	Aug. 31, 2017 USD ($) employee	May 03, 2017 director	Mar. 01, 2017 underwriter	Dec. 31, 2017 USD ($) shares	Mar. 15, 2017 USD ($)
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Common stock, par value (in usd per share) \| $ / shares		$ 0.0001
Number of Board Members \| director					13
Number of Underwriters Redomesticated \| underwriter						3
Statutory amount available for dividends with regulatory approval \| $							$ 1,700	$ 280
FNFV
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Common stock, par value (in usd per share) \| $ / shares		$ 0.0001
Number of shares of newly formed entityreceived for each outstanding share redeemed		1
Title Guaranty of Hawaii
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Number of employees (more than) \| employee				300
FGL Merger
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Consideration transferred for shares \| $	$ 213						$ 246
Outstanding common equity (as percent)							8.50%
Title Guaranty of Hawaii \| FNF
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Percentage of voting interests acquired				90.00%
Consideration transferred \| $				$ 98
Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations \| BK Distribution
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Common stock shares of subsidiary, transferred to shareholders			83,300,000
Common stock shares received per common stock shares owned			0.30663
Equity securities \| FGL Merger
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Shares received in connection with merger (in shares)	13,732,000						16,732,000
Common stock of CF Corporation \| FGL Merger
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Shares received in connection with merger (in shares)							3,000,000
Series B Cumulative Preferred \| FGL Merger
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Shares received in connection with merger (in shares)	100,000						100,000

Business and Summary of Significant Accounting Policies - Investments (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Carrying value of cost method investments	$ 78	$ 6

Business and Summary of Significant Accounting Policies - Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Goodwill, impairment loss	$ 0	$ 0

Business and Summary of Significant Accounting Policies - Other Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Impairment of other intangible assets			$ 0
Title plants
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Impairment expense	$ 0	$ 0	$ 1,000,000
FNF Group Core \| Computer Software
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Impairment of other intangible assets	$ 1,000,000
FNF Group Core \| Trade names
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Impairment of other intangible assets		$ 1,000,000
Customer relationships
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Useful life (in years)	10 years
Trademarks and Trade Names
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Useful life (in years)	10 years
Minimum \| Software and Software Development Costs
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Useful life (in years)	5 years
Maximum \| Software and Software Development Costs
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Useful life (in years)	10 years

Business and Summary of Significant Accounting Policies - Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2017
Minimum \| Building
Property, Plant and Equipment [Line Items]
Property and equipment useful life	20 years
Minimum \| Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment useful life	3 years
Maximum \| Building
Property, Plant and Equipment [Line Items]
Property and equipment useful life	30 years
Maximum \| Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment useful life	25 years

Business and Summary of Significant Accounting Policies - Secured Trust Deposits (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Secured trust deposits	$ 825	$ 830	$ 860

Business and Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenue Recognition, Milestone Method [Line Items]
Accrual for agency premiums, time lag period	15 months
Agent commission split rate	76.70%	76.10%	76.00%
Provision claims losses at provision rate at time the accrual for premiums is recorded, excluding reserves	4.90%	5.40%	5.70%
Release of reserves	$ 97
Average premium accrual impact to pretax earnings, percent of accrued premium (approximately)	11.00%
Impact on earnings from change in premium accrual	$ 1	$ 4	$ 5
Premiums receivable, net of accrued sales commissions	55	53
Premiums receivable, net	280	267
Accrued agent commissions	$ 225	$ 214
Home warranty insurance policy, life (in years)	1 year
Minimum
Revenue Recognition, Milestone Method [Line Items]
Premiums, percent reported within 3 months	84.00%
Premiums, percent reported in 4-6 months	9.00%
Maximum
Revenue Recognition, Milestone Method [Line Items]
Premiums, percent reported within 3 months	88.00%
Premiums, percent reported in 4-6 months	12.00%

Business and Summary of Significant Accounting Policies - Schedule of Changes in Other Comprehensive Earnings (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Mar. 31, 2018

Mar. 31, 2017

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Stockholders' equity attributable to parent, beginning balance

$ 4,447

$ 5,996

Stockholders' equity attributable to parent, ending balance

(2)

^[1]

(3)

^[1]

^[2]

$ 0

^[2]

$ 0

^[2]

4,458

4,447

5,996

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

Stockholders' equity attributable to parent, beginning balance

116

Stockholders' equity attributable to parent, ending balance

116

Unrealized (loss) gain relating to investments in unconsolidated affiliates

Stockholders' equity attributable to parent, beginning balance

(68)

(78)

Stockholders' equity attributable to parent, ending balance

(68)

(78)

Unrealized (loss) gain on foreign currency translation and cash flow hedging

Stockholders' equity attributable to parent, beginning balance

(7)

(13)

(15)

Stockholders' equity attributable to parent, ending balance

(7)

(13)

(15)

Minimum pension liability adjustment

Stockholders' equity attributable to parent, beginning balance

(9)

(18)

(24)

Stockholders' equity attributable to parent, ending balance

(9)

(18)

(24)

Accumulated Other Comprehensive Earnings (Loss)

Stockholders' equity attributable to parent, beginning balance

111

(13)

(69)

$ (2)

$ (3)

Stockholders' equity attributable to parent, ending balance

$ 111

$ (13)

$ (69)

[1]	Net of income tax expense of $1 million and $2 million for the three-month periods ended March 31, 2018 and 2017, respectively.
[2]	Net of income tax expense of $2 million for the year ended December 31, 2017.

Business and Summary of Significant Accounting Policies - Redeemable Non-controlling Interest (Details) - Thomas H. Lee Partners, LP and Affiliates	Jan. 02, 2014	Jul. 20, 2015
Noncontrolling Interest [Line Items]
Period with no public offering for put option (in years)	4 years
Black Knight Financial Services, Inc.
Noncontrolling Interest [Line Items]
Ownership interest percent	35.00%	21.00%

Business and Summary of Significant Accounting Policies - Earnings Per Share (Details) - shares	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	0	2,000,000	1,000,000

Business and Summary of Significant Accounting Policies - Reclassifications (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016 USD ($)
Finite-Lived Intangible Assets [Line Items]
Reclassification adjustment decrease in Computer Software	$ 114
Computer Software
Finite-Lived Intangible Assets [Line Items]
Reclassification adjustment increase in Other intangible assets	$ 114

Acquisitions - Narrative (Details) $ in Millions			12 Months Ended
Acquisitions - Narrative (Details) $ in Millions	Aug. 31, 2017 USD ($) employee	Aug. 23, 2016 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Business Acquisition [Line Items]
Consideration paid, net of cash received			$ 202	$ 0	$ 0
Title Guaranty of Hawaii
Business Acquisition [Line Items]
Number of employees (more than) \| employee	300
Title Guaranty of Hawaii \| FNF
Business Acquisition [Line Items]
Percentage of membership interests acquired	90.00%
Consideration paid, net of cash received	$ 93
Title Acquisitions \| FNF
Business Acquisition [Line Items]
Consideration paid, net of cash received				$ 89
Real Estate Technology Acquisitions \| FNF
Business Acquisition [Line Items]
Consideration paid, net of cash received			98
Goodwill expected tax deductible amount			$ 37
Real Estate Technology Acquisitions \| Real Geeks, RG \| FNF
Business Acquisition [Line Items]
Percentage of membership interests acquired			100.00%
Real Estate Technology Acquisitions \| SkySlope, Inc, SS \| FNF
Business Acquisition [Line Items]
Percentage of membership interests acquired			67.00%
Commissions, Inc. \| FNF
Business Acquisition [Line Items]
Percentage of membership interests acquired		95.00%
Consideration paid, net of cash received		$ 229

Acquisitions - Purchase Price (Details) - USD ($) $ in Millions			12 Months Ended
	Aug. 31, 2017	Aug. 23, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Cash paid			$ 481	$ 557	$ 111
Total net consideration paid			202	0	$ 0
FNF \| Title Guaranty of Hawaii
Business Acquisition [Line Items]
Cash paid	$ 98
Less: Cash acquired	(5)
Total net consideration paid	93
Consideration transferred	$ 98
FNF \| Title Acquisitions
Business Acquisition [Line Items]
Cash paid				92
Less: Cash acquired				(3)
Total net consideration paid				$ 89
FNF \| Real Estate Technology Acquisitions
Business Acquisition [Line Items]
Cash paid			101
Less: Cash acquired			(3)
Total net consideration paid			98
Less: Contingent consideration payable			(16)
Consideration transferred			$ 82
FNF \| Commissions, Inc.
Business Acquisition [Line Items]
Cash paid		$ 240
Less: Cash acquired		(11)
Total net consideration paid		$ 229

Acquisitions - Purchase Price Allocation (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Aug. 31, 2017	Mar. 31, 2017	Dec. 31, 2016	Aug. 23, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 2,747	$ 2,746		$ 2,562	$ 2,555		$ 2,348
Total liabilities assumed		114			$ 68		$ 44
Title Guaranty of Hawaii \| FNF
Business Acquisition [Line Items]
Accounts receivable			$ 1
Property and equipment			4
Other intangible assets			60
Goodwill			40
Title plant			3
Prepaid expenses and other			1
Total assets acquired			109
Accounts payable and accrued liabilities			5
Total liabilities assumed			5
Non-controlling interests			11
Total liabilities and equity assumed			16
Net assets acquired			$ 93
Title Acquisitions \| Fidelity National Financial, Inc.
Business Acquisition [Line Items]
Accounts receivable		5
Title Acquisitions \| FNF
Business Acquisition [Line Items]
Property and equipment		1
Other intangible assets		68
Goodwill		48
Title plant		2
Property and equipment, net		3
Total assets acquired		127
Accounts payable and accrued liabilities		30
Deferred tax liabilities		8
Total liabilities assumed		38
Net assets acquired		89
Real Estate Technology Acquisitions \| FNF
Business Acquisition [Line Items]
Property and equipment		1
Other intangible assets		38
Goodwill		92
Property and equipment, net		1
Total assets acquired		131
Accounts payable and accrued liabilities		1
Deferred tax liabilities		9
Total liabilities assumed		10
Non-controlling interests		23
Total liabilities and equity assumed		33
Net assets acquired		$ 98
Commissions, Inc. \| FNF
Business Acquisition [Line Items]
Accounts receivable						$ 1
Other intangible assets						90
Goodwill						165
Prepaid expenses and other						2
Income taxes receivable						2
Total assets acquired						260
Accounts payable and accrued liabilities						7
Deferred tax liabilities						12
Total liabilities assumed						19
Non-controlling interests						12
Total liabilities and equity assumed						31
Net assets acquired						$ 229

Acquisitions - Asset Carrying Value and Useful lives (Details) - FNF - USD ($) $ in Millions			12 Months Ended
	Aug. 31, 2017	Aug. 23, 2016	Dec. 31, 2017
Title Guaranty of Hawaii
Business Acquisition [Line Items]
Property and equipment, net	$ 4
Total	$ 64
Property and equipment useful life	5 years
Title Guaranty of Hawaii \| Customer relationships
Business Acquisition [Line Items]
Other intangible assets	$ 52
Weighted average useful life (in years)	10 years
Title Guaranty of Hawaii \| Trade names
Business Acquisition [Line Items]
Other intangible assets	$ 7
Weighted average useful life (in years)	10 years
Title Guaranty of Hawaii \| Noncompete Agreements
Business Acquisition [Line Items]
Other intangible assets	$ 1
Weighted average useful life (in years)	5 years
Title Guaranty of Hawaii \| Other intangibles
Business Acquisition [Line Items]
Other intangible assets	$ 60
Title Acquisitions
Business Acquisition [Line Items]
Property and equipment, net			$ 1
Title Acquisitions \| Customer relationships
Business Acquisition [Line Items]
Other intangible assets			$ 57
Weighted average useful life (in years)			10 years
Title Acquisitions \| Trade names
Business Acquisition [Line Items]
Other intangible assets			$ 6
Weighted average useful life (in years)			10 years
Title Acquisitions \| Noncompete Agreements
Business Acquisition [Line Items]
Other intangible assets			$ 1
Weighted average useful life (in years)			5 years
Title Acquisitions \| Other intangibles
Business Acquisition [Line Items]
Other intangible assets			$ 2
Weighted average useful life (in years)			1 year
Title Acquisitions \| Total Other Intangible Assets [Member]
Business Acquisition [Line Items]
Other intangible assets			$ 68
Title Acquisitions \| Computer Software
Business Acquisition [Line Items]
Other intangible assets			$ 2
Weighted average useful life (in years)			3 years
Real Estate Technology Acquisitions
Business Acquisition [Line Items]
Property and equipment, net			$ 1
Other intangible assets			38
Real Estate Technology Acquisitions \| Customer relationships
Business Acquisition [Line Items]
Other intangible assets			$ 14
Weighted average useful life (in years)			10 years
Real Estate Technology Acquisitions \| Trade names
Business Acquisition [Line Items]
Other intangible assets			$ 5
Weighted average useful life (in years)			10 years
Real Estate Technology Acquisitions \| Noncompete Agreements
Business Acquisition [Line Items]
Other intangible assets			$ 2
Weighted average useful life (in years)			5 years
Real Estate Technology Acquisitions \| Computer Software
Business Acquisition [Line Items]
Other intangible assets			$ 17
Weighted average useful life (in years)			7 years
Commissions, Inc. \| Customer relationships
Business Acquisition [Line Items]
Other intangible assets		$ 46
Weighted average useful life (in years)		10 years
Commissions, Inc. \| Trade names
Business Acquisition [Line Items]
Other intangible assets		$ 13
Weighted average useful life (in years)		10 years
Commissions, Inc. \| Noncompete Agreements
Business Acquisition [Line Items]
Other intangible assets		$ 3
Weighted average useful life (in years)		4 years
Commissions, Inc. \| Other intangibles
Business Acquisition [Line Items]
Other intangible assets		$ 90
Commissions, Inc. \| Computer Software
Business Acquisition [Line Items]
Other intangible assets		$ 28
Weighted average useful life (in years)		7 years
Minimum \| Real Estate Technology Acquisitions \| Computer Software
Business Acquisition [Line Items]
Property and equipment useful life			1 year
Maximum \| Real Estate Technology Acquisitions
Business Acquisition [Line Items]
Property and equipment useful life			5 years

Acquisitions - Pro Forma (Details) - FNF - Commissions, Inc. - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Total revenues	$ 7,285	$ 6,695
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$ 653	$ 529

Fair Value Measurements (Details)	Mar. 31, 2018 USD ($) price firm	Dec. 31, 2017 USD ($) price firm	Dec. 31, 2016 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	$ 1,782,000,000	$ 1,816,000,000	$ 2,407,000,000
Total assets	$ 1,782,000,000	$ 2,816,000,000	3,108,000,000
Number of firms utilized \| firm	1	1
Number of prices relied upon \| price		1
U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	$ 245,000,000	$ 195,000,000	117,000,000
States and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	230,000,000	391,000,000	615,000,000
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,196,000,000	1,117,000,000	1,508,000,000
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	58,000,000	57,000,000	109,000,000
Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	53,000,000	56,000,000
Preferred stock available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	316,000,000	319,000,000	315,000,000
Equity securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	$ 677,000,000	681,000,000	386,000,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of prices relied upon \| price	1
Assets held at fair value	$ 0	0	0
Liabilities held at fair value	0	0	0
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,876,000,000	2,816,000,000	3,108,000,000
Recurring \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	245,000,000	195,000,000	117,000,000
Recurring \| States and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	230,000,000	391,000,000	615,000,000
Recurring \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,196,000,000	1,117,000,000	1,508,000,000
Recurring \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	58,000,000	57,000,000	109,000,000
Recurring \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	53,000,000	56,000,000	58,000,000
Recurring \| Preferred stock available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	316,000,000	319,000,000	315,000,000
Recurring \| Equity securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	677,000,000	681,000,000	386,000,000
Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	700,000,000	704,000,000	418,000,000
Recurring \| Level 1 \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Recurring \| Level 1 \| States and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Recurring \| Level 1 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Recurring \| Level 1 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Recurring \| Level 1 \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Recurring \| Level 1 \| Preferred stock available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	23,000,000	23,000,000	32,000,000
Recurring \| Level 1 \| Equity securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	677,000,000	681,000,000	386,000,000
Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,062,000,000	2,112,000,000	2,690,000,000
Recurring \| Level 2 \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	245,000,000	195,000,000	117,000,000
Recurring \| Level 2 \| States and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	230,000,000	391,000,000	615,000,000
Recurring \| Level 2 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,183,000,000	1,117,000,000	1,508,000,000
Recurring \| Level 2 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	58,000,000	57,000,000	109,000,000
Recurring \| Level 2 \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	53,000,000	56,000,000	58,000,000
Recurring \| Level 2 \| Preferred stock available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	293,000,000	296,000,000	283,000,000
Recurring \| Level 2 \| Equity securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0	0
Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	114,000,000	0	0
Recurring \| Level 3 \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Recurring \| Level 3 \| States and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Recurring \| Level 3 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	13,000,000	0	0
Recurring \| Level 3 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Recurring \| Level 3 \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Recurring \| Level 3 \| Preferred stock available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0	0
Recurring \| Level 3 \| Equity securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	$ 0	$ 0	$ 0

Investments - Available for Sale Securities (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fixed maturity investments available for sale:
Available for sale debt securities	$ 1,782	$ 1,816	$ 2,407
Cost Basis	1,788	1,806
Available-for-sale securities:
Total assets	1,782	2,816	3,108
Cost Basis	1,788	2,630	2,986
Unrealized Gains	10	201	140
Unrealized Losses	(16)	(15)	(18)
U.S. government and agencies
Fixed maturity investments available for sale:
Available for sale debt securities	245	195	117
Cost Basis	247	196	117
Unrealized Gains	0	0	0
Unrealized Losses	(2)	(1)	0
States and political subdivisions
Fixed maturity investments available for sale:
Available for sale debt securities	230	391	615
Cost Basis	227	387	607
Unrealized Gains	3	4	9
Unrealized Losses	0	0	(1)
Corporate debt securities
Fixed maturity investments available for sale:
Available for sale debt securities	1,196	1,117	1,508
Cost Basis	1,201	1,110	1,499
Unrealized Gains	6	11	15
Unrealized Losses	(11)	(4)	(6)
Foreign government bonds
Fixed maturity investments available for sale:
Available for sale debt securities	58	57	109
Cost Basis	60	58	117
Unrealized Gains	0	1	0
Unrealized Losses	(2)	(2)	(8)
Mortgage-backed/asset-backed securities
Fixed maturity investments available for sale:
Available for sale debt securities		56	58
Cost Basis		55	56
Unrealized Gains		1	2
Unrealized Losses		0	0
Preferred stock available for sale
Available-for-sale equity securities:
Carrying Value	316	319	315
Cost Basis		307	312
Unrealized Gains		12	6
Unrealized Losses		0	(3)
Available-for-sale securities:
Unrealized Gains		12
Equity securities available for sale
Available-for-sale equity securities:
Carrying Value	$ 677	681	386
Cost Basis		517	278
Unrealized Gains		172	108
Unrealized Losses		$ (8)	$ 0

Investments - Maturity of Fixed Maturity Securities (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Amortized Cost:
One year or less	$ 445	$ 496
After one year through five years	1,269	1,219
After five years through ten years	16	31
After ten years	5	5
Mortgage-backed/asset-backed securities	53	55
Cost Basis	$ 1,788	$ 1,806
Amortized Cost, % of Total:
One year or less	25.00%	27.50%
After one year through five years	71.00%	67.50%
After five years through ten years	1.00%	1.70%
After ten years	0.00%	0.30%
Mortgage-backed/asset-backed securities	3.00%	3.00%
Total	100.00%	100.00%
Fair Value:
One year or less	$ 444	$ 496
After one year through five years	1,264	1,227
After five years through ten years	16	32
After ten years	5	5
Mortgage-backed/asset-backed securities	53	56
Total	$ 1,782	$ 1,816	$ 2,407
Fair Value, % of Total:
One year or less	25.00%	27.30%
After one year through five years	71.00%	67.50%
After five years through ten years	1.00%	1.80%
After ten years	0.00%	0.30%
Mortgage-backed/asset-backed securities	3.00%	3.10%
Total	100.00%	100.00%

Investments - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fair Value:
Less than 12 Months	$ 1,088	$ 734	$ 657
12 Months or Longer	51	66	73
Total	1,139	800	730
Unrealized Losses:
Less than 12 Months	(12)	(11)	(11)
12 Months or Longer	(4)	(4)	(7)
Total	(16)	(15)	(18)
States and political subdivisions
Fair Value:
Less than 12 Months			107
12 Months or Longer			0
Total			107
Unrealized Losses:
Less than 12 Months			(1)
12 Months or Longer			0
Total			(1)
Corporate debt securities
Fair Value:
Less than 12 Months	830	464	410
12 Months or Longer	44	51	11
Total	874	515	421
Unrealized Losses:
Less than 12 Months	(8)	(3)	(4)
12 Months or Longer	(3)	(1)	(2)
Total	(11)	(4)	(6)
U.S. government and agencies
Fair Value:
Less than 12 Months	210	149
12 Months or Longer	0	0
Total	210	149
Unrealized Losses:
Less than 12 Months	(2)	(1)
12 Months or Longer	0	0
Total	(2)	(1)
Foreign government bonds
Fair Value:
Less than 12 Months	19	0	85
12 Months or Longer	7	10	20
Total	26	10	105
Unrealized Losses:
Less than 12 Months	(1)	0	(4)
12 Months or Longer	(1)	(2)	(4)
Total	$ (2)	(2)	(8)
Preferred stock available for sale
Fair Value:
Less than 12 Months			55
12 Months or Longer			42
Total			97
Unrealized Losses:
Less than 12 Months			(2)
12 Months or Longer			(1)
Total			$ (3)
Equity securities available for sale
Fair Value:
Less than 12 Months		121
12 Months or Longer		5
Total		126
Unrealized Losses:
Less than 12 Months		(7)
12 Months or Longer		(1)
Total		$ (8)

Investments - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
Investments - Narrative (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Other than temporary impairment investments	$ 0	$ 0	$ 1,000,000	$ 19,000,000	$ 14,000,000
Amounts held with previously recognized other than temporary impairments	$ 0		0	7,000,000
FNF subsidiaries
Schedule of Equity Method Investments [Line Items]
Other than temporary impairment investments			3,000,000
Fixed Maturities
Schedule of Equity Method Investments [Line Items]
Other than temporary impairment investments			13,000,000
Other Long-term Investments
Schedule of Equity Method Investments [Line Items]
Other than temporary impairment investments			3,000,000
Debt Securities
Schedule of Equity Method Investments [Line Items]
Amount deposited with governmental authorities			128,000,000	123,000,000
Change in net unrealized holding gain (loss) before taxes			(1,000,000)	13,000,000	(64,000,000)
Equity Securities
Schedule of Equity Method Investments [Line Items]
Change in net unrealized holding gain (loss) before taxes			$ 56,000,000	$ 39,000,000	$ (4,000,000)

Investments - Realized Gains and Losses and Proceeds on Investments and Other Assets (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other Long-Term Investments:
Realized Investment Gains (Losses)			$ 9
Gross Proceeds from Sale/Maturity			21
Loss on debt conversions
Loss on debt redemptions		$ (2)	(6)
Gross Proceeds from Sale/Maturity		0	0
Property, Plant and Equipment
Net Realized Gains (Losses)			2
Gross Proceeds from Sale/Maturity	$ 21	0	4
Investments in unconsolidated affiliates
Net Realized Gains (Losses)				$ (3)
Gross Proceeds from Sale/Maturity				0
Other intangible assets
Net Realized Gains (Losses)	5		(1)	(1)
Gross Proceeds from Sale/Maturity	21		0	0
Other Assets:
Net Realized Gains (Losses)		(2)	(1)	(3)	$ 11
Gross Proceeds from Sale/Maturity		0	0	6	0
Total:
Net Realized Gains (Losses)	1	(4)	2	(8)	11
Gross Proceeds from Sale/Maturity	319	236	1,003	689	1,185
Debt Securities
Available-for-sale Securities:
Gross Realized Gains	3	3	7	4	14
Gross Realized Losses	0	(3)	(8)	(16)	(17)
Net Realized Gains (Losses)	3	0	(1)	(12)	(3)
Gross Proceeds from Sale/Maturity	298	$ 236	968	624	1,076
Preferred stock available for sale
Available-for-sale Securities:
Gross Realized Gains			0	1	1
Gross Realized Losses			0	0	0
Net Realized Gains (Losses)	(3)		0	1	1
Gross Proceeds from Sale/Maturity	0		$ 10	9	58
Equity securities available for sale
Available-for-sale Securities:
Gross Realized Gains				11	13
Gross Realized Losses				(1)	(11)
Net Realized Gains (Losses)	(4)			10	2
Gross Proceeds from Sale/Maturity	$ 0			$ 50	$ 51

Investments - Interest and Investment Income (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income	$ 38	$ 28	$ 131	$ 126	$ 121
Cash and Cash Equivalents
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income			3	0	0
Debt Securities
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income			61	76	82
Equity Securities
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income			28	28	24
Short-term Investments
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income			4	2	0
Other Investments
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income			$ 35	$ 20	$ 15

Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 605	$ 604
Accumulated depreciation and amortization	(412)	(412)
Property and equipment, net	193	192		$ 177
Depreciation	48	45	$ 42
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	22	23
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	111	108
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	92	89
Data processing equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	156	159
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 224	$ 225

Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 2,555	$ 2,348
Goodwill acquired during the year	188	218
Adjustments to prior year acquisitions	3	(11)
Goodwill, ending balance	2,746	2,555
Operating Segments \| FNF Group Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	2,555	2,348
Goodwill, ending balance	2,746	2,555
Operating Segments \| FNF Group Segment \| Title
Goodwill [Roll Forward]
Goodwill, beginning balance	2,345	2,303
Goodwill acquired during the year	84	48
Adjustments to prior year acquisitions	3	(6)
Goodwill, ending balance	2,432	2,345
Operating Segments \| FNF Group Segment \| Corporate and Other
Goodwill [Roll Forward]
Goodwill, beginning balance	210	45
Goodwill acquired during the year	104	170
Adjustments to prior year acquisitions	0	(5)
Goodwill, ending balance	$ 314	$ 210

Discontinued Operations - Summary of Operations of Disposal Group Included in Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Expenses:
Income tax expense			$ 144	$ 25	$ 16
Income (Loss) From Continuing Operations Before Minority Interest And Income (Loss) On Equity Method Investments, Net Of Income Tax	$ 96	$ 59	629	608	496
Equity in earnings (losses) earnings of unconsolidated affiliates	2	1	10	14	5
Net earnings from discontinued operations	0	21	155	70	60
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	0	10
Black Knight Financial Services, Inc. \| Discontinued Operations
Revenues:
Escrow, title-related and other fees	248		745	963	874
Realized gains and losses, net	(2)		(13)	0	(5)
Total revenues	246		732	963	869
Expenses:
Personnel costs	101		292	393	377
Other operating expenses	45		145	190	156
Depreciation and amortization	53		154	208	195
Interest expense	15		42	62	49
Total expenses	214		633	853	777
Earnings from discontinued operations before income taxes	32		99	110	92
Income tax expense	10		40	36	35
Net earnings from discontinued operations		22	59	74	57
Less: Net (losses) earnings attributable to non-controlling interests	12		36	47	28
Net earnings attributable to Fidelity National Financial, Inc. common shareholders			23	27	29
Cash flow from discontinued operations data:
Net cash provided by operations	49		240	326	248
Net cash used in investing activities	$ (16)		(46)	(230)	(103)
FNFV \| Discontinued Operations
Revenues:
Escrow, title-related and other fees		49	111	168	204
Restaurant revenue		273	981	1,158	1,412
Interest and investment income		1	5	3	2
Realized gains and losses, net		5	277	6	(19)
Total revenues		328	1,374	1,335	1,599
Expenses:
Personnel costs		46	148	165	158
Other operating expenses		25	94	106	167
Disposal Group, Including Discontinue Operations, Cost Of Restaurant Revenue		236	861	984	1,195
Depreciation and amortization		16	51	63	65
Interest expense		4	9	10	8
Total expenses		327	1,163	1,328	1,593
Earnings from discontinued operations before income taxes		1	211	7	6
Income tax expense		2	103	(11)	(19)
Income (Loss) From Continuing Operations Before Minority Interest And Income (Loss) On Equity Method Investments, Net Of Income Tax		3	108	18	25
Equity in earnings (losses) earnings of unconsolidated affiliates		(4)	(12)	(22)	(22)
Net earnings from discontinued operations		(1)	96	(4)	3
Less: Net (losses) earnings attributable to non-controlling interests		(2)	(13)	0	16
Net earnings attributable to Fidelity National Financial, Inc. common shareholders		1	109	(4)	(13)
Cash flow from discontinued operations data:
Net cash provided by operations		15	(134)	81	29
Net cash used in investing activities		$ (27)	$ (11)	$ 67	$ 166

Discontinued Operations - Summary of Financial Position of Disposal Group included as Assets and Liabilities of Discontinued Operations (Details) $ in Millions	Dec. 31, 2016 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total assets of discontinued operations	$ 5,219
Total liabilities of discontinued operations	2,638
FNFV \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed maturities available for sale, at fair value	25
Equity securities available for sale, at fair value	52
Investments in unconsolidated affiliates	407
Other long term investments	12
Short term investments	2
Total investments	498
Cash and cash equivalents	144
Trade and notes receivable	52
Goodwill	206
Prepaid expenses and other assets	33
Capitalized software, net	16
Deferred tax assets	58
Other intangible assets, net	200
Property and equipment, net	251
Total assets of discontinued operations	1,458
Accounts payable and accrued liabilities	214
Notes payable	233
Income taxes payable	18
Total liabilities of discontinued operations	465
Increase in deferred tax liabilities	58
Black Knight Financial Services, Inc. \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Short term investments	4
Cash and cash equivalents	130
Trade and notes receivable	157
Goodwill	2,304
Prepaid expenses and other assets	184
Capitalized software, net	450
Other intangible assets, net	359
Property and equipment, net	173
Total assets of discontinued operations	3,761
Accounts payable and accrued liabilities	287
Notes payable	1,526
Income taxes payable	26
Deferred tax liabilities	334
Total liabilities of discontinued operations	$ 2,173

Discontinued Operations - FNFV (Details) - USD ($)			12 Months Ended
Discontinued Operations - FNFV (Details) - USD ($)	Nov. 17, 2017	Nov. 16, 2017	Dec. 31, 2017
FNFV \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Aggregate consideration to Cannae in exchange transaction		$ 100,000,000
Shares issued in exchange (in shares)		5,706,134
Outstanding common equity owned			8.10%
Revolving Credit Facility
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Aggregate principal amount (up to)	$ 100,000,000
Matures on anniversary of the date of the revolver note (in years)	5 years
Automatic extension for additional term (in years)	5 years
LIBOR \| Revolving Credit Facility
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Basis spread on variable rate (as percent)	4.50%

Discontinued Operations - Reconciliation of Net Earnings of Discontinued Operations to Statement of Operations(Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net earnings from discontinued operations	$ 0	$ 21	$ 155	$ 70	$ 60
Black Knight Financial Services, Inc. \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net earnings from discontinued operations		22	59	74	57
FNFV \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net earnings from discontinued operations		$ (1)	$ 96	$ (4)	$ 3

Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

Statement of Comprehensive Income [Abstract]

Discontinued Operations - Reconciliation of Financial Position of Black Knight and FNFV to the Balance Sheet (Details) $ in Millions	Dec. 31, 2016 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total assets of discontinued operations	$ 5,219
Total liabilities of discontinued operations	2,638
Black Knight Financial Services, Inc. \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total assets of discontinued operations	3,761
Total liabilities of discontinued operations	2,173
FNFV \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total assets of discontinued operations	1,458
Total liabilities of discontinued operations	$ 465

Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
Other Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	$ 1,298	$ 1,146
Accumulated amortization	(680)	(561)
Other intangible assets, net	618	585
Amortization of intangible assets	130	110	$ 103
Amortization Expense for the Next Five Years for Assets Owned
2018	100
2019	93
2020	79
2021	64
2022	50
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	860	748
Trademarks and Trade Names
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	81	74
Computer Software
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	$ 357	$ 324

Accounts Payable and Other Accrued Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Accrued benefits		$ 254	$ 245
Salaries and incentives		277	267
Accrued rent		22	19
Trade accounts payable		39	42
Accrued recording fees and transfer taxes		17	16
Accrued premium taxes		20	26
Deferred revenue		107	103
Other accrued liabilities		219	215
Total Accounts payable and other accrued liabilities	$ 796	$ 955	$ 933

Notes Payable - Schedule of Long Term Debt (Details) - USD ($) $ in Millions			3 Months Ended	12 Months Ended
	Nov. 17, 2017	Jun. 25, 2013	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Aug. 28, 2012	Aug. 02, 2011
Debt Instrument [Line Items]
Notes payable			$ 748	$ 759	$ 987
Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)	4.50%
Unsecured Notes \| Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022
Debt Instrument [Line Items]
Notes payable			$ 398	$ 397	397
Stated interest rate (as percent)			5.50%	5.50%		5.50%
Unsecured Notes \| 6.60% Unsecured notes due May 2017
Debt Instrument [Line Items]
Notes payable				$ 0	300
Stated interest rate (as percent)				6.60%
Convertible Debt \| Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018
Debt Instrument [Line Items]
Notes payable			$ 53	$ 65	291
Stated interest rate (as percent)			4.25%	4.25%			4.25%
Line of Credit \| Revolving Credit Facility due July 2018 \| Revolving Credit Facility
Debt Instrument [Line Items]
Notes payable				$ 295	(3)
Unused portion				500	500
Line of Credit \| Revolving Credit Facility due July 2018 \| Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)		1.40%
Line of Credit \| Revolving Credit Facility Due April 2022 \| Revolving Credit Facility
Debt Instrument [Line Items]
Notes payable			$ 295	$ 295
Unused portion			$ 500
Line of Credit \| Revolving Credit Facility Due April 2022 \| Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)			1.40%	1.40%
Line of Credit Facility, Interest Rate at Period End			3.12%	2.76%
Other
Debt Instrument [Line Items]
Notes payable			$ 2	$ 2	$ 2

Notes Payable - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Fair value of long term debt	$ 899	$ 940
Excess fair value over carrying value of long-term debt	144	173
Unamortized discount (premium) and debt Issuance costs, Net		8
Level 2 \| Unsecured Notes
Debt Instrument [Line Items]
Fair value of long term debt	$ 597	$ 638

Notes Payable - Existing Credit Agreement (Details) - USD ($)				3 Months Ended	12 Months Ended
	Nov. 17, 2017	Apr. 27, 2017	Jun. 25, 2013	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Notes payable				$ 748,000,000	$ 759,000,000	$ 987,000,000
Line of Credit \| Minimum
Debt Instrument [Line Items]
Stated interest rate (as percent)			1.10%
Line of Credit \| Maximum
Debt Instrument [Line Items]
Stated interest rate (as percent)			1.60%
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility	$ 100,000,000
Extended term (in years)	5 years
Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)	4.50%
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility due July 2018
Debt Instrument [Line Items]
Line of credit facility			$ 800,000,000
Ratio of principal indebtedness to net worth to trigger default			3.00%
Notes payable					295,000,000	(3,000,000)
Unamortized debt issue costs					(5,000,000)
Unused portion					500,000,000	$ 500,000,000
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility due July 2018 \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage			0.15%
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility due July 2018 \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage			0.40%
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility due July 2018 \| Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)			0.50%
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility due July 2018 \| One Month London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)			1.00%
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility due July 2018 \| Base Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)			0.10%
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility due July 2018 \| Base Rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)			0.60%
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility due July 2018 \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)			1.40%
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility Due April 2022
Debt Instrument [Line Items]
Line of credit facility			$ 800,000,000
Extended term (in years)		5 years
Notes payable				295,000,000	$ 295,000,000
Unamortized debt issue costs				(5,000,000)
Unused portion				$ 500,000,000
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility Due April 2022 \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)				1.40%	1.40%

Notes Payable - FNF 5.50% Notes (Details) - 5.50% notes due September 2022 - Unsecured Notes - USD ($)	Mar. 31, 2018	Dec. 31, 2017	Aug. 28, 2012
Debt Instrument [Line Items]
Amount of debt instrument			$ 400,000,000
Stated interest rate (as percent)	5.50%	5.50%	5.50%
Price as a percent of par on offering of unsecured notes			99.513%
Effective interest rate			5.564%
Amount triggering default			$ 100,000,000

Notes Payable - 4.25% Notes (Details)	Oct. 01, 2013	Aug. 02, 2011 USD ($) day trading_day $ / shares	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Debt Instrument [Line Items]
Notes repurchase amount				$ 230,000,000	$ 549,000,000
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018 \| Convertible Debt
Debt Instrument [Line Items]
Amount of debt instrument		$ 300,000,000
Stated interest rate (as percent)		4.25%	4.25%	4.25%
Percentage of principal received in cash		100.00%
Debt discount rate		92.818%
Unamortized discount		$ 22,000,000
Conversion ratio		0.046387
Conversion price (in dollars per share) \| $ / shares		$ 21.56
If-converted percentage in excess of price	130.00%
Notes repurchase amount			$ 47,000,000
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018 \| Convertible Debt \| Debt Conversion, One
Debt Instrument [Line Items]
Number of trading days \| trading_day		20
Period of consecutive trading days \| day		10
If-converted percentage in excess of price		130.00%
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018 \| Convertible Debt \| Debt Conversion, Two
Debt Instrument [Line Items]
Period of consecutive trading days \| day		30
Threshold consecutive business days		5 days
Ratio of trading price per $1000 principal amount		98.00%

Notes Payable - Maturities of Long Term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
2018		$ 66
2019	$ 0	0
2020	1	1
2021	0	0
2022	700	700
Thereafter	0	0
Total Long Term Debt	$ 755	$ 767

Income Taxes - Tax Expense on Continuing Operations (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Current			$ 476	$ 333	$ 275
Deferred			(241)	14	(1)
Income tax expense on continuing operations	$ 31	$ 69	$ 235	$ 347	$ 274

Income Taxes - Tax Expense (Benefit) Allocation (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Net earnings from continuing operations	$ 31	$ 69	$ 235	$ 347	$ 274
Income tax expense			144	25	16
Unrealized gain (loss) on investments and other financial instruments			25	29	(40)
Other comprehensive earnings (loss):
Unrealized gain (loss) on foreign currency translation and cash flow hedging, tax	$ (1)	$ 1	4	1	(7)
Minimum pension liability adjustment			3	3	3
Total income tax expense (benefit) allocated to other comprehensive earnings			32	33	(44)
Additional paid-in capital, stock-based compensation			0	0	(21)
Total income taxes			$ 411	$ 405	$ 225

Income Taxes - Effective Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Federal statutory rate	35.00%	35.00%	35.00%
State income taxes, net of federal benefit	1.80%	2.80%	3.00%
Deductible dividends paid to FNF 401(k) plan	(0.20%)	(0.10%)	(0.20%)
Tax exempt interest income	(0.40%)	(0.50%)	(0.80%)
Stock compensation	(1.40%)	(1.70%)	0.00%
Tax Credits	(0.10%)	(0.10%)	(0.10%)
Consolidated Partnerships	0.00%	0.20%	0.40%
Tax reform	(10.70%)	0.00%	0.00%
Non-deductible expenses and other, net	3.20%	0.80%	(1.60%)
Effective tax rate	27.20%	36.40%	35.70%

Income Taxes - Components Deferred Tax Asset and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Deferred Tax Assets:
Employee benefit accruals	$ 68	$ 36
Net operating loss carryforwards	9	22
Insurance reserve discounting	26	0
Accrued liabilities	10	18
Allowance for uncollectible accounts receivable	4	0
Pension plan	2	5
Tax credits	40	41
State income taxes	4	13
Other	1	3
Total gross deferred tax asset	164	138
Less: valuation allowance	22	10
Total deferred tax asset	142	128
Deferred Tax Liabilities:
Title plant	(55)	(85)
Amortization of goodwill and intangible assets	(113)	(174)
Other investments	(5)	(4)
Other	(13)	(11)
Investment securities	(41)	(39)
Depreciation	(9)	(12)
Partnerships	(75)	(94)
Insurance reserve discounting	0	(79)
Total deferred tax liability	(311)	(498)
Net deferred tax liability	$ (169)	$ (370)

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Deferred tax liabilities, net	$ 169	$ 370
One-time reduction as a result of the decrease in the corporate tax rate	93
Increase in deferred tax assets, employee benefit accruals	71
Decrease in deferred tax assets related to Tax Reform, offset to increase related to deferred compensation	38
Decrease in deferred tax liabilities, insurance reserve discounting	119
Tax Reform adjustment	15
Decrease in deferred tax liability for title plants due to Tax Reform Tax Expense	30
Decrease in deferred tax liabilities relating to partnerships	19
Decrease, deferred tax liability, partnerships due to Tax Reform	42
Increase in deferred tax liabilities related to SeviceLink activity	23
Decrease in deferred tax liability on amortization	61
Decrease in deferred tax asset on operating losses attributable to usage of assets in current year and Tax Reform	13
Valuation allowance	22	10
Valuation Allowance [Line Items]
Operating loss carryforwards	36
Valuation allowance	22	10
Tax credit carryforward, amount	40	41
Tax benefit from exercise of stock options and restricted stock	13	17	$ 21
Unrecognized tax benefits	11	18
Income tax penalties and interest accrued (less than $1 million in 2015)	1	$ 1
BPG Holdings, LLC
Valuation Allowance [Line Items]
Operating loss carryforwards	3
Operating Loss Carryforwards \| BPG Holdings, LLC
Valuation Allowance [Line Items]
Valuation allowance	1
General Business Credit Carryforward \| Digital Insurance
Valuation Allowance [Line Items]
Valuation allowance	$ 21

Summary of Reserve for Claim Losses (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Beginning balance	$ 1,490		$ 1,487		$ 1,487	$ 1,583	$ 1,621
Change in reinsurance recoverable	0		(4)		(4)	(8)	1
Claim loss provision related to:
Current year	47		51		219	236	224
Prior years	0		1		19	(79)	22
Total title claim loss provision	47		52		238	157	246
Claims paid, net of recoupments related to:
Current year	(1)		(1)		(8)	(10)	(7)
Prior years	(50)		(50)		(223)	(235)	(278)
Total title claims paid, net of recoupments	(51)		(51)		(231)	(245)	(285)
Ending balance of claim loss reserve for title insurance	$ 1,486	$ 1,490	$ 1,484	$ 1,487	$ 1,490	$ 1,487	$ 1,583
Provision for title insurance claim losses as a percentage of title insurance premiums	4.50%	4.50%	5.00%	5.00%	4.90%	3.30%	5.70%
Reserves, disposals				$ 97

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2018
Loss Contingencies [Line Items]
Estimated litigation liability		$ 2	$ 68		$ 11
Contingent liability related to customer accounts		15,400
Rent expense, net		144	128	$ 122
Business exit costs		$ 1	$ 1	$ 1
Thomas H. Lee Partners, LP and Affiliates \| ServiceLink Holdings, LLC
Loss Contingencies [Line Items]
Litigation civil penalty paid	$ 65

Commitments and Contingencies - Future Minimum Operating Lease Payments (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2018		$ 150
2019	$ 135	127
2020	106	98
2021	78	71
2022	53	46
Thereafter	51	44
Total future minimum operating lease payments	$ 538	$ 536

Regulation and Equity - Regulation (Details) - USD ($)	12 Months Ended
Regulation and Equity - Regulation (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Mar. 15, 2017
Regulation and Equity [Abstract]
Statutory unearned premium reserve required	$ 1,400,000,000
Statutory amount available for dividends with regulatory approval	1,700,000,000			$ 280,000,000
Statutory amount available for dividend payments without regulatory approval	363,000,000
Statutory capital and surplus	1,389,000,000	$ 1,469,000,000
Statutory net income	434,000,000	541,000,000	$ 381,000,000
Statutory to NAIC amount of reconciling item	28,000,000	$ 207,000,000
Minimum net worth requirement (less than)	$ 1,000,000

Regulation and Equity - Equity (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended			29 Months Ended
	Jul. 20, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2017
Class of Stock [Line Items]
Treasury stock repurchased		$ 23	$ 268	$ 505
FNF Group Common Stock \| 2015 Share Repurchase Program
Class of Stock [Line Items]
Stock repurchase program period in force (in years)	3 years
Stock repurchase program number of shares authorized (in shares)	25,000,000
Treasury stock repurchased (in shares)					10,589,000
Treasury stock repurchased					$ 372
Treasury stock acquired (in dollars per share)					$ 35.10
Stock repurchase program remaining number of shares authorized (in shares)		14,411,000			14,411,000

Employee Benefit Plans - Stock Purchase Plan (Details) - Employee Stock - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	$ 23	$ 20	$ 18
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP, annual contributions per employee, percent	3.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP, annual contributions per employee, percent	15.00%

Employee Benefit Plans - 401(k) Profit Sharing Plan (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2012
Retirement Benefits [Abstract]
Maximum annual contributions per employee, percent	40.00%
Employer matching contribution, percent of match, amount per dollar				0.375
Employer matching contribution, percent of employees' gross pay				6.00%
Defined contribution plan, cost recognized	$ 26	$ 26	$ 23

Employee Benefit Plans - Omnibus Incentive Plan (Details) - The Omnibus Plan - shares						12 Months Ended
	Jun. 15, 2016	May 22, 2013	May 25, 2011	May 29, 2008	Oct. 23, 2006	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2005
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)										8,000,000
Number of additional shares authorized (in shares)	10,000,000	6,000,000	6,000,000	11,000,000	16,000,000
Options outstanding (in shares)						8,529,427	7,481,683	9,300,509.000000	9,393,211
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period						3 years
Expiration period						7 years
FNF Group Common Stock \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, nonvested (in shares)						1,839,061	1,471,673	1,391,874	1,770,781

Employee Benefit Plans - Stock Option Activity (Details) - The Omnibus Plan - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding at beginning of period (in shares)	7,481,683	9,300,509.000000	9,393,211
Options granted (in shares)		35,000	1,886,320
Options issued as make-whole adjustment for BK Distribution (in shares)	2,375,111
Options exercised (in shares)	(1,313,061)	(1,846,153)	(1,966,937)
Options canceled (in shares)	(14,306)	(7,673)	(12,085)
Options outstanding at end of period (in shares)	8,529,427	7,481,683	9,300,509.000000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding at beginning of period, weighed average exercise price (in dollars per share)	$ 27.38	$ 23.92	$ 19.43
Options granted, weighed average exercise price (in dollars per share)		35.63	34.84
Options issued as make-whole adjustment for BK Distribution weighted average exercise price (in dollars per share)			20.32
Options exercised, weighed average exercise price (in dollars per share)	18.38	10.12	12.96
Options canceled, weighed average exercise price (in dollars per share)	24.49	26.17	26.62
Options outstanding at end of period, weighed average exercise price (in dollars per share)	$ 20.38	$ 27.38	$ 23.92
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options exercisable (in shares)	7,648,837	5,821,592	5,256,426	5,173,802

Employee Benefit Plans - Restricted Stock Activity (Details) - The Omnibus Plan - Restricted Stock - FNF Group Common Stock - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock granted at beginning of period (in shares)	1,471,673	1,391,874	1,770,781
Granted (in shares)	828,818	803,292	613,960
Restricted stock issued as make-whole adjustment for BK Distribution (in shares)	545,676
Canceled (in shares)	(11,233)	(3,266)	(10,105)
Vested (in shares)	(995,873)	(720,227)	(982,762)
Restricted stock granted at end of period (in shares)	1,839,061	1,471,673	1,391,874
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (in dollars per share)	$ 33.79	$ 30.85	$ 25.08
Granted (in dollars per share)	37.12	34.54	34.84
Restricted stock issued as make-whole adjustment for BK Distribution (in dollars per share)	24.62
Canceled (in dollars per share)	24.52	28.07	26.14
Vested (in dollars per share)	23.98	28.97	23.00
Ending balance (in dollars per share)	$ 30.58	$ 33.79	$ 30.85

Employee Benefit Plans - Options Outstanding and Exercisable by Exercise Price (Details) - The Omnibus Plan $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2017 USD ($) $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of outstanding options (in shares) \| shares	8,529,427
Outstanding options, intrinsic value \| $	$ 159
Number of exercisable options (in shares) \| shares	7,648,837
Exercisable options, intrinsic value \| $	$ 148
Exercise Price Range, 0.00 to 14.38
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price range, lower range limit (in dollars per share)	$ 0
Exercise price range, upper range limit (in dollars per share)	$ 14.38
Number of outstanding options (in shares) \| shares	662,763
Outstanding options, weighted average remaining contractual term (in years)	1 year 10 months 6 days
Outstanding options, weighted average exercise price (in dollars per share)	$ 14.38
Outstanding options, intrinsic value \| $	$ 16
Number of exercisable options (in shares) \| shares	662,763
Exercisable options, weighted average remaining contractual term (in years)	1 year 10 months 6 days
Exercisable options, weighted average exercise price (in dollars per share)	$ 14.38
Exercisable options, intrinsic value \| $	$ 16
Exercise Price Range, 14.39 to 17.76
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price range, lower range limit (in dollars per share)	$ 14.39
Exercise price range, upper range limit (in dollars per share)	$ 17.76
Number of outstanding options (in shares) \| shares	4,070,183
Outstanding options, weighted average remaining contractual term (in years)	2 years 10 months 21 days
Outstanding options, weighted average exercise price (in dollars per share)	$ 17.76
Outstanding options, intrinsic value \| $	$ 87
Number of exercisable options (in shares) \| shares	4,070,183
Exercisable options, weighted average remaining contractual term (in years)	2 years 10 months 21 days
Exercisable options, weighted average exercise price (in dollars per share)	$ 17.76
Exercisable options, intrinsic value \| $	$ 87
Exercise Price Range, 17.77 to 21.84
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price range, lower range limit (in dollars per share)	$ 17.77
Exercise price range, upper range limit (in dollars per share)	$ 21.84
Number of outstanding options (in shares) \| shares	1,342,007
Outstanding options, weighted average remaining contractual term (in years)	3 years 10 months 2 days
Outstanding options, weighted average exercise price (in dollars per share)	$ 21.84
Outstanding options, intrinsic value \| $	$ 23
Number of exercisable options (in shares) \| shares	1,342,007
Exercisable options, weighted average remaining contractual term (in years)	3 years 10 months 2 days
Exercisable options, weighted average exercise price (in dollars per share)	$ 21.84
Exercisable options, intrinsic value \| $	$ 23
Exercise Price Range, 21.85 to 25.34
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price range, lower range limit (in dollars per share)	$ 21.85
Exercise price range, upper range limit (in dollars per share)	$ 25.34
Number of outstanding options (in shares) \| shares	13,648
Outstanding options, weighted average remaining contractual term (in years)	5 years 11 months 23 days
Outstanding options, weighted average exercise price (in dollars per share)	$ 25.34
Outstanding options, intrinsic value \| $	$ 0
Number of exercisable options (in shares) \| shares	4,549
Exercisable options, weighted average remaining contractual term (in years)	5 years 11 months 23 days
Exercisable options, weighted average exercise price (in dollars per share)	$ 25.34
Exercisable options, intrinsic value \| $	$ 0
Exercise Price Range, 25.35 to 25.53
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price range, lower range limit (in dollars per share)	$ 25.35
Exercise price range, upper range limit (in dollars per share)	$ 25.53
Number of outstanding options (in shares) \| shares	2,422,627
Outstanding options, weighted average remaining contractual term (in years)	4 years 9 months 29 days
Outstanding options, weighted average exercise price (in dollars per share)	$ 25.53
Outstanding options, intrinsic value \| $	$ 33
Number of exercisable options (in shares) \| shares	1,569,335
Exercisable options, weighted average remaining contractual term (in years)	4 years 9 months 29 days
Exercisable options, weighted average exercise price (in dollars per share)	$ 25.53
Exercisable options, intrinsic value \| $	$ 22
Exercise Price Range, 25.54 to 26.99
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price range, lower range limit (in dollars per share)	$ 25.54
Exercise price range, upper range limit (in dollars per share)	$ 26.99
Number of outstanding options (in shares) \| shares	18,199
Outstanding options, weighted average remaining contractual term (in years)	5 years 6 months 18 days
Outstanding options, weighted average exercise price (in dollars per share)	$ 26.99
Outstanding options, intrinsic value \| $	$ 0
Number of exercisable options (in shares) \| shares	0
Exercisable options, weighted average remaining contractual term (in years)	0 years
Exercisable options, weighted average exercise price (in dollars per share)	$ 0.00
Exercisable options, intrinsic value \| $	$ 0

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	$ 25	$ 46	$ 47
The Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	44	58	56
Nonvested awards, compensation cost not yet recognized	$ 56
Nonvested awards, period for recognition	1 year 7 months 24 days
The Omnibus Plan \| Restricted Stock \| FNF Group Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock awards granted	$ 31	29	21
Fair value of restricted stock awards vested	$ 38	$ 25	$ 35

Employee Benefit Plans - Pension, Postretirement, and Other Nonqualified Employee Benefit Plans (Details) $ in Millions		12 Months Ended
	Jan. 01, 2001 underwriter	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
LandAmerica Financial Group
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost		$ 0	$ 0	$ 0
Number of underwriters assumed \| underwriter	2
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Consecutive months with highest compensation in which benefits are based		60 months
Months ending at retirement or termination in which benefits are based		120 months
Defined benefit pension plans, liabilities		$ 4	$ 11
Discount rate		3.34%	3.54%
Benefit obligation		$ 166	$ 168
Fair value of plan assets		162	157
Net periodic expense		5	6	$ 8
Other Postretirement Benefit Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Accumulated benefit obligation		$ 13	$ 14

Supplementary Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash paid during the year:
Interest	$ 15	$ 30	$ 102	$ 125	$ 124
Income taxes	2	14		367	250
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$ (11)	$ 9	3	7	(25)
Change in purchases of investments available for sale payable in period			(9)	19	(2)
Financing activities:
Fair value of net assets acquired			595	625	155
Less: Total purchase price			481	557	111
Liabilities and noncontrolling interests assumed			114	68	44
Change in treasury stock purchases payable in period			$ 0	$ 8	$ (7)

Financial Instruments with Off-Balance Sheet Risk and Concentration of Risk (Details) - Geographic Concentration Risk - Title Insurance Premiums	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
California
Concentration Risk
Concentration risk	14.50%	14.60%	15.10%
Texas
Concentration Risk
Concentration risk	14.20%	14.20%	14.40%
Florida
Concentration Risk
Concentration risk	8.00%	7.70%	8.10%
New York
Concentration Risk
Concentration risk	6.30%	7.10%	8.10%

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
Segment Information (Details) - USD ($) $ in Millions	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Information
Title premiums	$ 1,036	$ 1,048
Other revenues	618	571	$ 2,637	$ 2,416	$ 2,246
Revenues from external customers	1,654	1,619
Interest and investment income (loss), including realized gains and losses	39	24
Total revenues	1,693	1,643	7,663	7,257	6,664
Depreciation and amortization	47	43	183	160	150
Interest expense	11	16	48	64	73
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	127	128	864	955	770
Income tax expense (benefit)	31	69	235	347	274
Earnings from continuing operations before equity in earnings of unconsolidated affiliates	96	59	629	608	496
Equity in earnings of unconsolidated affiliates	2	1	10	14	5
Net earnings from continuing operations	98	60	639	622	501
Assets	9,018	14,178	9,151	14,521
Goodwill	$ 2,747	$ 2,562	2,746	2,555	2,348
Operating Segments \| FNF Group Segment
Segment Information
Title premiums			4,893	4,723	4,286
Other revenues			2,637	2,416	2,246
Revenues from external customers			7,530	7,139	6,532
Interest and investment income (loss), including realized gains and losses			133	118	132
Total revenues			7,663	7,257	6,664
Depreciation and amortization			183	160	150
Interest expense			48	64	73
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates			864	955	770
Income tax expense (benefit)			235	347	274
Earnings from continuing operations before equity in earnings of unconsolidated affiliates			629	608	496
Equity in earnings of unconsolidated affiliates			10	14	5
Net earnings from continuing operations			639	622	501
Assets			9,151	14,521	14,043
Goodwill			2,746	2,555	2,348
Operating Segments \| FNF Group Segment \| Title
Segment Information
Title premiums			4,893	4,723	4,286
Other revenues			2,181	2,128	2,005
Revenues from external customers			7,074	6,851	6,291
Interest and investment income (loss), including realized gains and losses			137	127	137
Total revenues			7,211	6,978	6,428
Depreciation and amortization			159	148	144
Interest expense			0	0	0
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates			955	1,025	836
Income tax expense (benefit)			274	386	305
Earnings from continuing operations before equity in earnings of unconsolidated affiliates			681	639	531
Equity in earnings of unconsolidated affiliates			10	13	6
Net earnings from continuing operations			691	652	537
Assets			8,405	8,756	8,533
Goodwill			2,432	2,345	2,303
Operating Segments \| FNF Group Segment \| Corporate and Other
Segment Information
Title premiums			0	0	0
Other revenues			456	288	241
Revenues from external customers			456	288	241
Interest and investment income (loss), including realized gains and losses			(4)	(9)	(5)
Total revenues			452	279	236
Depreciation and amortization			24	12	6
Interest expense			48	64	73
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates			(91)	(70)	(66)
Income tax expense (benefit)			(39)	(39)	(31)
Earnings from continuing operations before equity in earnings of unconsolidated affiliates			(52)	(31)	(35)
Equity in earnings of unconsolidated affiliates			0	1	(1)
Net earnings from continuing operations			(52)	(30)	(36)
Assets			746	5,765	5,510
Goodwill			$ 314	$ 210	$ 45

Recent Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
New Accounting Pronouncement, Early Adoption [Line Items]
Securities available for sale with combined net unrealized gains	$ 10		$ 201	$ 140
Increase (decrease) in cash provided by (used in) investing activities	(32)	$ 224	79	(191)	$ (681)
Decrease) increase in cash used in financing activities	(136)	(249)	(1,029)	(428)	(193)
Increase in cash provided by operating activities	$ 18	4	737	1,162	953
Accounting Standards Update 2016-01
New Accounting Pronouncement, Early Adoption [Line Items]
Reclassification adjustment for adoption of new accounting principle			19
Accounting Standards Update 2016-18
New Accounting Pronouncement, Early Adoption [Line Items]
Increase (decrease in the net change in cash and cash equivalents		67	144	223	(29)
Increase (decrease) in cash provided by (used in) investing activities		179	174	63	(110)
Decrease) increase in cash used in financing activities		$ 112	(30)	$ 160	79
Increase in cash provided by operating activities					$ 2
Accumulated Other Comprehensive Income \| Accounting Standards Update 2016-01
New Accounting Pronouncement, Early Adoption [Line Items]
Reclassification adjustment for adoption of new accounting principle			(109)
Retained Earnings \| Accounting Standards Update 2016-01
New Accounting Pronouncement, Early Adoption [Line Items]
Reclassification adjustment for adoption of new accounting principle			128
Equity Securities
New Accounting Pronouncement, Early Adoption [Line Items]
Securities available for sale with combined net unrealized gains			164
Preferred stock available for sale
New Accounting Pronouncement, Early Adoption [Line Items]
Securities available for sale with combined net unrealized gains			$ 12

Schedule II Fidelity National Financial, Inc. (Parent Company) - Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Nov. 17, 2017	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents, at December 31, 2017 and 2016, includes pledged cash of $475 and $331, respectively, related to secured trust deposits	$ 960	$ 1,110			$ 1,049
Short-term investments, includes pledged short term investments of $3 and $212 at December 31, 2017 and 2016, respectively, related to secured trust deposits	346	295			482
Investment in unconsolidated affiliates	155	150			150
Trade and notes receivables, net of allowance of $18 and $21 at December 31, 2017 and 2016, respectively	313	317			322
Property and equipment, net	177	193			192
Prepaid expenses and other assets	412	398			422
Investments in discontinued subsidiaries					2,581
Total assets	9,018	9,151		$ 14,178	14,521
Liabilities:
Accounts payable and other accrued liabilities	796	955			933
Income taxes payable	164	137			4
Deferred tax liability	176	169			370
Notes payable	748	759			987
Total liabilities	4,195	4,340			7,279
Equity:
Additional paid-in capital	4,573	4,587			4,848
Retained earnings	360	217			1,784
Accumulated other comprehensive earnings (loss)	(7)	111			(13)
Less: Treasury stock, 13,286,567 shares and 27,001,492 shares as of December 31, 2017 and 2016, respectively, at cost	(468)	(468)			(623)
Total Fidelity National Financial, Inc. shareholders’ equity	4,458	4,447			5,996
Total liabilities, redeemable non-controlling interest and equity	$ 9,018	$ 9,151			$ 14,521
Common stock, par value (in usd per share)			$ 0.0001
Preferred stock par value (in usd per share)	$ 0.0001	$ 0.0001			$ 0.0001
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000			50,000,000
Preferred stock, shares issued (in shares)	0	0			0
Preferred stock, shares authorized (in shares)	0	0			0
Treasury stock, shares (in shares)	13,289,502	13,286,567			27,001,492
FNF Group Common Stock
Equity:
Common stock	$ 0	$ 0			$ 0
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001			$ 0.0001
Common stock, shares authorized (in shares)	487,000,000	487,000,000			487,000,000
Common stock, shares outstanding (in shares)	274,576,896	274,431,737			272,205,261
Common stock, shares issued (in shares)	287,866,398	287,718,304			285,041,900
FNFV Group Common Stock
Equity:
Common stock		$ 0			$ 0
Common stock, par value (in usd per share)		$ 0.0001			$ 0.0001
Common stock, shares authorized (in shares)		0			113,000,000
Common stock, shares outstanding (in shares)		0			66,416,822
Common stock, shares issued (in shares)		0			80,581,675
Parent Company
ASSETS
Cash and cash equivalents, at December 31, 2017 and 2016, includes pledged cash of $475 and $331, respectively, related to secured trust deposits		$ 230			$ 246	$ 293	$ 151
Short-term investments, includes pledged short term investments of $3 and $212 at December 31, 2017 and 2016, respectively, related to secured trust deposits		85			1
Carrying Value		1			0
Investment in unconsolidated affiliates		13			7
Trade and notes receivables, net of allowance of $18 and $21 at December 31, 2017 and 2016, respectively		576			622
Investments in and amounts due from subsidiaries		4,672			4,253
Property and equipment, net		4			4
Prepaid expenses and other assets		1			3
Investments in discontinued subsidiaries		0
Total assets		5,582			7,717
Liabilities:
Accounts payable and other accrued liabilities		72			42
Income taxes payable		137			65
Deferred tax liability		169			629
Notes payable		757			985
Total liabilities		1,135			1,721
Equity:
Additional paid-in capital		4,587			4,848
Retained earnings		217			1,784
Accumulated other comprehensive earnings (loss)		111			(13)
Less: Treasury stock, 13,286,567 shares and 27,001,492 shares as of December 31, 2017 and 2016, respectively, at cost		(468)			(623)
Total Fidelity National Financial, Inc. shareholders’ equity		4,447			5,996
Total liabilities, redeemable non-controlling interest and equity		$ 5,582			$ 7,717
Preferred stock par value (in usd per share)		$ 0.0001			$ 0.0001
Preferred stock, shares authorized (in shares)		50,000,000			50,000,000
Preferred stock, shares issued (in shares)		0			0
Preferred stock, shares authorized (in shares)		0			0
Treasury stock, shares (in shares)		13,286,567			27,001,492
Parent Company \| FNF Group Common Stock
Equity:
Common stock		$ 0			$ 0
Common stock, par value (in usd per share)		$ 0.0001			$ 0.0001
Common stock, shares authorized (in shares)		487,000,000			487,000,000
Common stock, shares outstanding (in shares)		274,431,737			272,205,261
Common stock, shares issued (in shares)		287,718,304			285,041,900
Parent Company \| FNFV Group Common Stock
Equity:
Common stock		$ 0			$ 0
Common stock, par value (in usd per share)		$ 0			$ 0.0001
Common stock, shares authorized (in shares)		0			113,000,000
Common stock, shares outstanding (in shares)		0			66,416,822
Common stock, shares issued (in shares)		0			80,581,675

Schedule II Fidelity National Financial, Inc. (Parent Company) - Statement of Earnings and Retained Earnings (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Interest and investment income	$ 38	$ 28	$ 131	$ 126	$ 121
Total revenues	1,693	1,643	7,663	7,257	6,664
Expenses:
Personnel costs	607	569	2,460	2,275	2,137
Other operating expenses	423	389	1,781	1,648	1,557
Interest expense	11	16	48	64	73
Total expenses	1,566	1,515	6,799	6,302	5,894
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	127	128	864	955	770
Income tax expense	31	69	235	347	274
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	98	60	639	622	501
Net earnings (loss) from discontinued operations	0	21	155	70	60
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	97	72	771	650	527
Retained Earnings (Accumulated Deficit) [Roll Forward]
Beginning balance	4,467	6,898	6,898	6,588	6,073
Dividends declared	(82)	(68)	(279)	(240)	(222)
Spinoff transaction					(94)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	97	72	771	650	527
Ending balance	4,479	6,890	4,467	6,898	6,588
Parent Company
Revenues:
Other fees and revenue			1	4	3
Interest and investment income			24	24	86
Total revenues			25	28	89
Expenses:
Personnel costs			32	26	28
Other operating expenses			8	6	1
Interest expense			48	64	74
Total expenses			88	96	103
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates			(63)	(68)	(14)
Income tax expense			(17)	(24)	(5)
Losses before equity in earnings of subsidiaries			(46)	(44)	(9)
Equity in earnings of subsidiaries			685	671	520
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest			639	627	511
Net earnings (loss) from discontinued operations			132	23	16
Net earnings attributable to Fidelity National Financial, Inc. common shareholders			771	650	527
Retained Earnings (Accumulated Deficit) [Roll Forward]
Net earnings attributable to Fidelity National Financial, Inc. common shareholders			771	650	527
Retained Earnings
Retained Earnings (Accumulated Deficit) [Roll Forward]
Beginning balance	217	1,784	1,784	1,374	1,150
Dividends declared	(82)	(68)			(222)
Spinoff transaction					(81)
Ending balance	360	1,788	217	1,784	1,374
Retained Earnings \| Parent Company
Expenses:
Net earnings attributable to Fidelity National Financial, Inc. common shareholders			771	650	527
Retained Earnings (Accumulated Deficit) [Roll Forward]
Beginning balance	$ 217	$ 1,784	1,784	1,374	1,150
Dividends declared			(279)	(240)	(222)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders			771	650	527
Ending balance			217	1,784	1,374
BKFS \| Retained Earnings \| Parent Company
Retained Earnings (Accumulated Deficit) [Roll Forward]
Spinoff transaction			(823)	0	0
FNFV \| Retained Earnings \| Parent Company
Retained Earnings (Accumulated Deficit) [Roll Forward]
Spinoff transaction			(1,236)	0	0
J. Alexanders \| Retained Earnings \| Parent Company
Retained Earnings (Accumulated Deficit) [Roll Forward]
Distribution of J. Alexander's to FNFV Group common shareholders			$ 0	$ 0	$ (81)

Schedule II Fidelity National Financial, Inc. (Parent Company) - Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash Flows From Operating Activities:
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$ 97	$ 72	$ 771	$ 650	$ 527
Equity in earnings of unconsolidated affiliates
Equity in losses of unconsolidated affiliates	(2)	(1)	(10)	(14)	(5)
Impairment of assets	0	2
Depreciation and amortization	47	112	389	431	410
Stock-based compensation	7	10	44	58	56
Net change in income taxes	31	63	(133)	(2)	37
Net increase in prepaid expenses and other assets	(14)	(41)	(60)	(4)	(95)
Net (decrease) increase in accounts payable, accrued liabilities, deferred revenue and other	(150)	(236)	(31)	87	(2)
Net cash provided by operating activities	18	4	737	1,162	953
Cash Flows From Investing Activities:
Net (purchases of) proceeds from short-term investment activities	(51)	140	(26)	547	(685)
Collection of notes receivable			21	36	14
Additional investments in unconsolidated affiliates				0
Net cash (used in) provided by investing activities	(32)	224	79	(191)	(681)
Cash Flows From Financing Activities:
Borrowings	0	50	785	132	1,360
Debt service payments	(15)	(69)	(996)	(200)	(1,359)
Equity portion of debt conversions paid in cash	(31)	(44)
Dividends paid	(82)	(68)	(278)	(239)	(220)
Purchases of treasury stock			(23)	(276)	(498)
Exercise of stock options	3	2	31	19	26
Cash transferred in the Black Knight spin-off			(22)	0	0
Net cash used in financing activities	(136)	(249)	(1,029)	(428)	(193)
Cash and cash equivalents at beginning of period	1,110	1,049	1,049
Cash and cash equivalents at end of period	960		1,110	1,049
Parent Company
Cash Flows From Operating Activities:
Net earnings attributable to Fidelity National Financial, Inc. common shareholders			771	650	527
Equity in earnings of unconsolidated affiliates
Equity in losses of unconsolidated affiliates			0	(2)	0
Impairment of assets			0	3	0
Equity in earnings of subsidiaries			(817)	(694)	(536)
Depreciation and amortization			0	1	2
Stock-based compensation			34	36	38
Net change in income taxes			(130)	29	17
Net increase in prepaid expenses and other assets			18	26	(25)
Net (decrease) increase in accounts payable, accrued liabilities, deferred revenue and other			17	(13)	2
Net cash provided by operating activities			(107)	36	25
Cash Flows From Investing Activities:
Purchases of investments available for sale			1	0	0
Net (purchases of) proceeds from short-term investment activities			(84)	162	(163)
Additions to notes receivable			(13)	(24)	(28)
Collection of notes receivable			49	22	1,542
Distributions from unconsolidated affiliates			1	2	0
Additional investments in unconsolidated affiliates			(2)	(8)
Net cash (used in) provided by investing activities			(50)	154	1,351
Cash Flows From Financing Activities:
Borrowings			296	0	0
Debt service payments			(530)	(2)	(1,100)
Equity portion of debt conversions paid in cash			(317)	(2)	0
Dividends paid			(278)	(240)	(220)
Purchases of treasury stock			(23)	(268)	(506)
Exercise of stock options			31	19	26
Payment for shares withheld for taxes and in treasury			(18)	(9)	(13)
Cash transferred in the Black Knight spin-off			(87)	0	0
Cash transferred in the FNFV split-off			(22)	0	0
Other financing activity			(1)	0	(15)
Net dividends from subsidiaries			1,090	265	594
Net cash used in financing activities			141	(237)	(1,234)
Net change in cash and cash equivalents			(16)	(47)	142
Cash and cash equivalents at beginning of period	$ 230	$ 246	246	293	151
Cash and cash equivalents at end of period			$ 230	$ 246	$ 293

Schedule II Fidelity National Financial, Inc. (Parent Company) - Notes to Financial Statements (Details) - USD ($) $ in Millions			3 Months Ended		12 Months Ended
	Nov. 17, 2017	Jun. 25, 2013	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Aug. 28, 2012	Aug. 02, 2011
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ 748		$ 759	$ 987
Interest			15	$ 30	102	125	$ 124
Income taxes			2	$ 14		367	250
Revolving Credit Facility \| LIBOR
Condensed Financial Statements, Captions [Line Items]
Basis spread on variable rate (as percent)	4.50%
Unsecured Notes \| 5.50% notes due September 2022
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ 398		$ 397	397
Stated interest rate (as percent)			5.50%		5.50%			5.50%
Unsecured Notes \| 6.60% Unsecured notes due May 2017
Condensed Financial Statements, Captions [Line Items]
Notes payable					$ 0	300
Stated interest rate (as percent)					6.60%
Convertible Debt \| Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ 53		$ 65	291
Stated interest rate (as percent)			4.25%		4.25%				4.25%
Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility Due April 2022
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ 295		$ 295
Unused portion			$ 500
Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility Due April 2022 \| LIBOR
Condensed Financial Statements, Captions [Line Items]
Basis spread on variable rate (as percent)			1.40%		1.40%
Line of Credit Facility, Interest Rate at Period End			3.12%		2.76%
Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility due July 2018
Condensed Financial Statements, Captions [Line Items]
Notes payable					$ 295	(3)
Unused portion					500	500
Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility due July 2018 \| LIBOR
Condensed Financial Statements, Captions [Line Items]
Basis spread on variable rate (as percent)		1.40%
Parent Company
Condensed Financial Statements, Captions [Line Items]
Notes payable					757	985
Interest					54	63	72
Income taxes					528	367	250
Cash dividends paid to parent company					800	400	$ 200
Parent Company \| Unsecured Notes \| 5.50% notes due September 2022
Condensed Financial Statements, Captions [Line Items]
Notes payable					$ 397	397
Stated interest rate (as percent)					5.50%
Parent Company \| Unsecured Notes \| 6.60% Unsecured notes due May 2017
Condensed Financial Statements, Captions [Line Items]
Notes payable					$ 0	300
Stated interest rate (as percent)					6.60%
Parent Company \| Convertible Debt \| Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018
Condensed Financial Statements, Captions [Line Items]
Notes payable					$ 65	291
Stated interest rate (as percent)					4.25%
Parent Company \| Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility Due April 2022 \| LIBOR
Condensed Financial Statements, Captions [Line Items]
Basis spread on variable rate (as percent)					1.40%
Parent Company \| Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility due July 2018
Condensed Financial Statements, Captions [Line Items]
Notes payable					$ 295	$ (3)
Unused portion					$ 500

Schedule V Fidelity National Financial, Inc. and Subsidiaries Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance	$ 1,487	$ 1,583	$ 1,621
Charged to cost and expense	238	157	246
Charged to other accounts	(4)	(8)	1
Deductions	231	245	285
Ending balance	$ 1,490	$ 1,487	$ 1,583

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Investments:
Fixed maturity securities available for sale, at fair value, at March 31, 2018 and December 31, 2017 includes pledged fixed maturity securities of $414 and $364, respectively, related to secured trust deposits	$ 1,782	$ 1,816		$ 2,407
Investments in unconsolidated affiliates	155	150		150
Other long-term investments	135	110		42
Short-term investments, at March 31, 2018 and December 31, 2017 includes short-term investments of $2 and $3 related to secured trust deposits, respectively	346	295		482
Total investments	3,411	3,371		3,782
Cash and cash equivalents, at March 31, 2018 and December 31, 2017 includes $420 and $475, respectively, of pledged cash related to secured trust deposits	960	1,110		1,049
Trade and notes receivables, net of allowance of $18, at March 31, 2018 and December 31, 2017, respectively	313	317		322
Goodwill	2,747	2,746	$ 2,562	2,555	$ 2,348
Prepaid expenses and other assets	412	398		422
Other intangible assets, net	600	618		585
Title plants	398	398		395
Property and equipment, net	177	193		192
Total assets	9,018	9,151	14,178	14,521
Liabilities:
Accounts payable and accrued liabilities	796	955		933
Notes payable	748	759		987
Reserve for title claim losses	1,486	1,490		1,487
Secured trust deposits	825	830		860
Income taxes payable	164	137		4
Deferred tax liability	176	169		370
Total liabilities	4,195	4,340		7,279
Commitments and Contingencies:
Redeemable non-controlling interest by 21% minority holder of ServiceLink Holdings, LLC	344	344	344	344	344	$ 715
Equity:
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none	0	0		0
Additional paid-in capital	4,573	4,587		4,848
Retained earnings	360	217		1,784
Accumulated other comprehensive (loss) earnings	(7)	111		(13)
Less: Treasury stock, 13,289,502 shares and 13,286,567 shares as of March 31, 2018 and December 31, 2017, respectively, at cost	(468)	(468)		(623)
Total Fidelity National Financial, Inc. shareholders’ equity	4,458	4,447		5,996
Non-controlling interests	21	20		902
Total equity	4,479	4,467	$ 6,890	6,898	$ 6,588	$ 6,073
Total liabilities, redeemable non-controlling interest and equity	9,018	9,151		14,521
FNF Group Common Stock
Equity:
Common stock	0	0		0
Preferred securities
Investments:
Available for sale, at fair value	316	319		315
Equity securities
Investments:
Available for sale, at fair value	$ 677	$ 681		$ 386

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Nov. 17, 2017	Dec. 31, 2016
Pledged fixed maturity securities	$ 414	$ 364		$ 332
Short term investments, secured trust deposits	2	3		212
Pledged cash, secured trust deposits	420	475		331
Trade and notes receivables, allowance	$ 18	$ 18		$ 21
Common stock, par value (in usd per share)			$ 0.0001
Preferred stock par value (in usd per share)	$ 0.0001	$ 0.0001		$ 0.0001
Preferred stock authorized (in shares)	50,000,000	50,000,000		50,000,000
Preferred stock issued (in shares)	0	0		0
Preferred stock outstanding (in shares)	0	0		0
Treasury stock, at cost (in shares)	13,289,502	13,286,567		27,001,492
FNF Group Common Stock
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001		$ 0.0001
Common stock authorized (in shares)	487,000,000	487,000,000		487,000,000
Common stock outstanding (in shares)	274,576,896	274,431,737		272,205,261
Common stock issued (in shares)	287,866,398	287,718,304		285,041,900
ServiceLink Holdings, LLC
Ownership interest	21.00%	21.00%		21.00%

Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Direct title insurance premiums	$ 472	$ 465	$ 2,170	$ 2,097	$ 2,009
Agency title insurance premiums	564	583	2,723	2,626	2,277
Escrow, title-related and other fees	618	571	2,637	2,416	2,246
Interest and investment income	38	28	131	126	121
Realized gains and losses, net	1	(4)	2	(8)	11
Total revenues	1,693	1,643	7,663	7,257	6,664
Expenses:
Personnel costs	607	569	2,460	2,275	2,137
Agent commissions	431	446	2,089	1,998	1,731
Other operating expenses	423	389	1,781	1,648	1,557
Depreciation and amortization	47	43	183	160	150
Provision for title claim losses	47	52	238	157	246
Interest expense	11	16	48	64	73
Total expenses	1,566	1,515	6,799	6,302	5,894
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	127	128	864	955	770
Income tax expense	31	69	235	347	274
Earnings from continuing operations before equity in earnings of unconsolidated affiliates	96	59	629	608	496
Equity in earnings of unconsolidated affiliates	2	1	10	14	5
Net earnings from continuing operations	98	60	639	622	501
Net earnings (loss) from discontinued operations	0	21	155	70	60
Net earnings	98	81	794	692	561
Less: Net earnings attributable to non-controlling interests	1	9	23	42	34
Net earnings attributable to common shareholders	97	72	771	650	527
Amounts attributable to Fidelity National Financial, Inc. common shareholders
Net earnings from continuing operations attributable to FNF Group common shareholders	97	61
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	0	10
Net earnings attributable to common shareholders	$ 97	$ 72	$ 771	$ 650	$ 527
Diluted
Net earnings from continuing operations attributable to FNF Group common shareholders (in usd per share)	$ 0.35	$ 0.22	$ 2.30	$ 2.24	$ 1.79
Net earnings from discontinued operations attributable to FNF Group common shareholders (in usd per share)	$ 0.00	$ 0.03	$ 0.08	$ 0.10	$ 0.10
FNF Group Common Stock
Expenses:
Net earnings attributable to common shareholders	$ 97	$ 71	$ 662	$ 654	$ 540
Amounts attributable to Fidelity National Financial, Inc. common shareholders
Net earnings from continuing operations attributable to FNF Group common shareholders			639	627	511
Net earnings attributable to Fidelity National Financial, Inc. common shareholders			23	27	29
Net earnings attributable to common shareholders	$ 97	$ 71	$ 662	$ 654	$ 540
Basic
Net earnings from continuing operations attributable to FNF Group common shareholders (in usd per share)	$ 0.36	$ 0.22	$ 2.36	$ 2.31	$ 1.85
Net earnings from discontinued operations attributable to FNF Group common shareholders (in usd per share)	0.00	0.04	0.08	0.09	0.10
Net earnings per share (in usd per share)	0.36	0.26	2.44	2.40	1.95
Diluted
Net earnings per share (in usd per share)	$ 0.35	$ 0.25	$ 2.38	$ 2.34	$ 1.89
Weighted average shares outstanding, basic basis (in shares)	273	271	271	272	277
Weighted average shares outstanding, diluted basis (in shares)	280	279	278	280	286
Cash dividends paid per share FNF Group common stock (in usd per share)	$ 0.3	$ 0.25	$ 1.02	$ 0.88	$ 0.8
FNFV Group Common Stock
Amounts attributable to Fidelity National Financial, Inc. common shareholders
Net earnings attributable to Fidelity National Financial, Inc. common shareholders		$ 1	$ 109	$ (4)	$ (13)
Basic
Net earnings per share (in usd per share)		$ 0.02	$ 1.68	$ (0.06)	$ (0.16)
Diluted
Net earnings per share (in usd per share)		$ 0.01
Weighted average shares outstanding, basic basis (in shares)		66	65	67	79
Weighted average shares outstanding, diluted basis (in shares)		68	67	70	82

Condensed Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Mar. 31, 2018

Mar. 31, 2017

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Other comprehensive (loss) earnings:

$ 98

$ 81

$ 794

$ 692

$ 561

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

(9)

^[1]

^[2]

(38)

^[2]

Unrealized gain on investments in unconsolidated affiliates

^[3]

^[4]

(27)

^[4]

Unrealized (loss) gain on foreign currency translation

(1)

^[5]

(8)

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

(2)

^[6]

(3)

^[6]

^[7]

Other comprehensive (loss) earnings

(9)

(71)

Comprehensive earnings

105

849

748

490

Less: Comprehensive earnings attributable to non-controlling interests

Comprehensive earnings attributable to Fidelity National Financial Inc. Common Shareholders

824

707

456

FNF Group Common Stock

Other comprehensive (loss) earnings:

Comprehensive earnings attributable to Fidelity National Financial Inc. Common Shareholders

709

703

494

FNFV Group Common Stock

Other comprehensive (loss) earnings:

Comprehensive earnings attributable to Fidelity National Financial Inc. Common Shareholders

$ 0

$ 115

$ 4

$ (38)

[1]	Net of income tax (benefit) expense of $(3) million and $8 million for the three-month periods ended March 31, 2018 and 2017, respectively.
[2]	Net of income tax expense (benefit) of $16 million, $23 million, and $(23) million for the years ended December 31, 2017, 2016 and 2015, respectively.
[3]	Net of income tax expense of $1 million and $4 million for the three-month periods ended March 31, 2018 and 2017, respectively.
[4]	Net of income tax expense (benefit) of $7 million, $6 million, and $(17) million for the years ended December 31, 2017, 2016 and 2015, respectively.
[5]	Net of income tax (benefit) expense of less than $(1) million and $1 million for the three-month periods ended March 31, 2018 and 2017, respectively.
[6]	Net of income tax expense of $1 million and $2 million for the three-month periods ended March 31, 2018 and 2017, respectively.
[7]	Net of income tax expense of $2 million for the year ended December 31, 2017.

Condensed Consolidated Statements of Comprehensive Earnings (Parenthetical) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Unrealized (loss) gain on investments and other financial instruments, tax expenses	$ (3)	$ 8	$ 16	$ 23	$ (23)
Unrealized gain on investments in unconsolidated affiliates tax expense	1	4	7	6	(17)
Unrealized (loss) gain foreign currency translation, tax expense (less than)	(1)	1	4	$ 1	$ (7)
Reclassification adjustment for change in unrealized gains and losses included in net earnings net of tax	$ 1	$ 2	$ 2

Condensed Consolidated Statement of Equity - USD ($)
shares in Millions, $ in Millions

Total

Additional Paid-in Capital

Retained Earnings

Accumulated Other Comprehensive Earnings (Loss)

Treasury Stock

Non-controlling Interests

FNF Group Common Stock

Common Stock

FNFV Group Common Stock

Common Stock

Beginning balance (in shares) at Dec. 31, 2014

279

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

$ 6,073

$ 4,855

$ 1,150

$ 2

$ (13)

$ 79

$ 0

Other comprehensive earnings — unrealized losses on investments and other financial instruments

(38)

Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates

(27)

^[1]

(27)

Other comprehensive earnings — unrealized losses on foreign currency translation

(8)

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

^[2]

(3)

(41)

Subsidiary dividends declared to non-controlling interests

(222)

(6)

Ending balance (in shares) at Dec. 31, 2015

561

527

282

6,588

4,795

1,374

(69)

$ (346)

834

$ 0

715

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

344

Other comprehensive earnings — unrealized losses on investments and other financial instruments

(1)

Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates

^[1]

Other comprehensive earnings — unrealized losses on foreign currency translation

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

^[2]

(240)

Subsidiary dividends declared to non-controlling interests

(2)

(9)

Ending balance (in shares) at Dec. 31, 2016

692

650

285

6,898

4,848

1,784

(13)

$ (623)

902

$ 0

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

344

Other comprehensive earnings — unrealized losses on investments and other financial instruments

(1)

Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates

^[3]

Other comprehensive earnings — unrealized losses on foreign currency translation

^[4]

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

(3)

^[5]

(3)

(56)

(68)

Subsidiary dividends declared to non-controlling interests

(2)

Ending balance (in shares) at Mar. 31, 2017

285

6,890

4,803

1,788

$ (623)

911

$ 0

Beginning balance (in shares) at Dec. 31, 2016

344

285

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

6,898

4,848

1,784

(13)

$ (623)

902

$ 0

Other comprehensive earnings — unrealized losses on investments and other financial instruments

Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates

^[1]

Other comprehensive earnings — unrealized losses on foreign currency translation

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

^[2]

(279)

Subsidiary dividends declared to non-controlling interests

(324)

(9)

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

794

771

288

4,467

4,587

217

111

$ (468)

$ 0

344

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

344

Adjustment for cumulative effect for adoption of ASU 2016-01 | Accounting Standards Update 2016-01

128

(109)

Other comprehensive earnings — unrealized losses on investments and other financial instruments

(9)

Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates

^[3]

Other comprehensive earnings — unrealized losses on foreign currency translation

(1)

^[4]

(1)

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

(2)

^[5]

(2)

(82)

Subsidiary dividends declared to non-controlling interests

(24)

(2)

Ending balance (in shares) at Mar. 31, 2018

288

4,479

$ 4,573

$ 360

$ (7)

$ (468)

$ 21

$ 0

$ 344

[1]	Net of income tax expense (benefit) of $7 million, $6 million, and $(17) million for the years ended December 31, 2017, 2016 and 2015, respectively.
[2]	Net of income tax expense of $2 million for the year ended December 31, 2017.
[3]	Net of income tax expense of $1 million and $4 million for the three-month periods ended March 31, 2018 and 2017, respectively.
[4]	Net of income tax (benefit) expense of less than $(1) million and $1 million for the three-month periods ended March 31, 2018 and 2017, respectively.
[5]	Net of income tax expense of $1 million and $2 million for the three-month periods ended March 31, 2018 and 2017, respectively.

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net earnings	$ 98	$ 81
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	47	112
Equity in (earnings) losses of unconsolidated affiliates	2	(2)
Gain on sales of investments and other assets, net	(8)	(1)
Impairment of assets	0	2
Distributions from unconsolidated affiliates, return on investment	1	0
Stock-based compensation cost	7	10
Change in valuation of equity and preferred securities available for sale, net	7	0
Changes in assets and liabilities, net of effects from acquisitions:
Net decrease in trade receivables	6	15
Net increase in prepaid expenses and other assets	(14)	(41)
Net decrease in accounts payable, accrued liabilities, deferred revenue and other	(150)	(236)
Net decrease in reserve for title claim losses	(5)	(3)
Net change in income taxes	31	63
Net cash provided by operating activities	18	4
Cash flows from investing activities:
Proceeds from sales of investment securities	189	105
Proceeds from calls and maturities of investment securities	120	154
Proceeds from sales of property and equipment	21	0
Additions to property and equipment and capitalized software	(20)	(46)
Purchases of investment securities	(283)	(84)
Net (purchases of) proceeds from short-term investment securities	(51)	140
Additional investments in unconsolidated affiliates	(21)	(32)
Distributions from unconsolidated affiliates, return of investment	19	20
Net other investing activities	(1)	(1)
Other acquisitions/disposals of businesses, net of cash acquired	(5)	(32)
Net cash (used in) provided by investing activities	(32)	224
Cash flows from financing activities:
Borrowings	0	50
Debt service payments	(15)	(69)
Equity portion of debt conversions paid in cash	(31)	(44)
Dividends paid	(82)	(68)
Subsidiary dividends paid to non-controlling interest shareholders	(2)	(2)
Exercise of stock options	3	2
Net change in secured trust deposits	(5)	(112)
Payment of contingent consideration for prior period acquisitions	(4)	(6)
Net cash used in financing activities	(136)	(249)
Net decrease in cash and cash equivalents	(150)	(21)
Cash and cash equivalents at beginning of period	1,110	1,323
Cash and cash equivalents at end of period	$ 960	$ 1,302

Basis of Financial Statements	3 Months Ended
Basis of Financial Statements	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Financial Statements	Basis of Financial Statements The unaudited financial information in this report includes the accounts of Fidelity National Financial, Inc. and its subsidiaries (collectively, “we,” “us,” “our,” or “FNF”) prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and the instructions to Form 10-Q and Article 10 of Regulation S-X. All adjustments considered necessary for a fair presentation have been included. All adjustments made were of a normal, recurring nature. This report should be read in conjunction with our Annual Report on Form 10-K (our "Annual Report") for the year ended December 31, 2017. Certain reclassifications have been made in the 2017 Condensed Consolidated Financial Statements to conform to classifications used in 2018. Description of the Business We are a leading provider of (i) title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees and home warranty products and (ii) technology and transaction services to the real estate and mortgage industries. FNF is the nation’s largest title insurance company operating through its title insurance underwriters - Fidelity National Title Insurance Company ("FNTIC"), Chicago Title Insurance Company ("Chicago Title"), Commonwealth Land Title Insurance Company ("Commonwealth Title"), Alamo Title Insurance and National Title Insurance of New York Inc. - which collectively issue more title insurance policies than any other title company in the United States. Through our subsidiary, ServiceLink Holdings, LLC ("ServiceLink"), we provide mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. For information about our reportable segments refer to Note H Segment Information. Recent Developments On March 18, 2018, we signed a merger agreement (the "Merger Agreement") to acquire Stewart Information Services Corporation ("Stewart") (NYSE: STC) (the "Stewart Merger"), pursuant to which each share of Stewart common stock issued and outstanding immediately prior to the effective time of the Stewart Merger (other than shares owned by Stewart, its subsidiaries, FNF or the wholly-owned subsidiaries of FNF party to the Merger Agreement and shares in respect of which appraisal rights have been properly exercised and perfected under Delaware law), will be converted into the right to receive, at the election of the holder of such share, (i) $50.00 in cash, (ii) 1.2850 shares of FNF Group common stock, or (iii) $25.00 in cash and 0.6425 shares of FNF Group common stock, subject to potential adjustment (as described below) and proration to the extent the option to receive cash or the option to receive stock is oversubscribed. Under the terms of the Merger Agreement, if the combined company is required to divest assets or businesses for which 2017 annual revenues exceed $75 million, up to a cap of $225 million, in order to receive required regulatory approvals, the purchase price will be adjusted down on a pro-rata basis to a minimum purchase price of $45.50 per share of common stock of Stewart. If the Stewart Merger is not completed for failure to obtain the required regulatory approvals, we are required to pay a reverse break-up fee of $50 million to Stewart. FNF currently intends to fund the $1.2 billion purchase price through a combination of cash on hand at FNF, debt financing and the issuance of FNF common stock to Stewart stockholders. Including the assumption of $109 million of Stewart debt, pro forma debt to total capital is expected to be no more than approximately 20% at the close of the transaction. The closing of the Stewart Merger is subject to certain closing conditions, including Stewart stockholder approval, federal and state regulatory approvals and the satisfaction of other customary closing conditions. Closing of the Stewart Merger is expected in the first or second quarter of 2019. Earnings Per Share Basic earnings per share, as presented on the Condensed Consolidated Statement of Earnings, is computed by dividing net earnings available to common shareholders in a given period by the weighted average number of common shares outstanding during such period. In periods when earnings are positive, diluted earnings per share is calculated by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding plus the impact of assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted earnings per share is equal to basic earnings per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain stock options, shares of restricted stock, convertible debt instruments and certain other convertible share based payments which have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported. Options or other instruments which provide the ability to purchase shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share. There were no antidilutive options outstanding during the three-month period ended March 31, 2018. There were 2 million antidilutive options outstanding during the three-month period ended March 31, 2017. Income Tax On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Reform Act”). Among other provisions, the Tax Reform Act reduced the Federal statutory corporate income tax rate from 35% to 21% and limited or eliminated certain deductions. Our effective tax rate was 24.4% and 54.4% in the three months ended March 31, 2018 and 2017, respectively. The decrease was primarily attributable to the Tax Reform Act and increased tax expense of $21 million in the 2017 period resulting from a change in judgment of the tax deductibility of legal settlements finalized in the period. SEC Staff Accounting Bulletin No. 118 ("SAB 118"), has provided guidance for companies that have not completed their accounting for the income tax effects of the Tax Reform Act in the period of enactment, allowing for a measurement period of up to one year after the enactment date to finalize the recording of the related tax impacts. As of March 31, 2018, we have not completed our accounting for the tax effects of the enactment of the Tax Reform Act, however, we have made a reasonable estimate of the effects on our deferred tax balances. In other cases, we have not been able to make a reasonable estimate and will continue to analyze the Tax Reform Act in order to finalize any related impacts within the measurement period. Discontinued Operations On November 17, 2017, we completed our previously announced split-off (the “FNFV Split-Off”) of our former wholly-owned subsidiary Cannae Holdings, Inc. (“Cannae”) which consisted of the businesses, assets and liabilities formerly attributed to our FNF Ventures ("FNFV") Group including Ceridian Holding, LLC, American Blue Ribbon Holdings, LLC and T-System Holding LLC. The FNFV Split-Off was accomplished by the Company's redemption (the “Redemption”) of all of the outstanding shares of FNFV Group common stock, par value $0.0001 per share (“FNFV common stock”) for outstanding shares of common stock of Cannae, par value $0.0001 per share (“Cannae common stock”), amounting to a redemption of each outstanding share of FNFV common stock for one share of Cannae common stock, as of November 17, 2017. As a result of the FNFV Split-Off, Cannae is a separate, publicly traded company (NYSE: CNNE) as of November 20, 2017. All of the Company’s core title insurance, real estate, technology and mortgage related businesses, assets and liabilities currently attributed to the Company’s FNF Group common stock that are not held by Cannae remain with the Company. As a result of the FNFV Split-Off, the financial results of FNFV Group have been reclassified to discontinued operations for the three months ended March 31, 2017. On September 29, 2017 we completed our tax-free distribution, to FNF Group shareholders, of all 83.3 million shares of New BKH Corp. ("New BKH") common stock that we previously owned (the “BK Distribution”). Immediately following the BK Distribution, New BKH and Black Knight Financial Services, Inc. ("Black Knight") engaged in a series of transactions resulting in the formation of a new publicly traded holding company, Black Knight, Inc. ("New Black Knight"). Holders of FNF Group common stock received approximately 0.30663 shares of New Black Knight common stock for every one share of FNF Group common stock held at the close of business on September 20, 2017, the record date for the BK Distribution. New Black Knight's common stock is now listed under the symbol “BKI” on the New York Stock Exchange. The BK Distribution is expected to generally be tax-free to FNF Group shareholders for U.S. federal income tax purposes, except to the extent of any cash received in lieu of New Black Knight's fractional shares. As a result of the BK Distribution, the financial results of Black Knight have been reclassified to discontinued operations for the three months ended March 31, 2017. See Note K. Discontinued Operations for further details of the results of FNFV and Black Knight. Recent Accounting Pronouncements Revenue Recognition In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU provides a new comprehensive revenue recognition model that requires companies to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update permits the use of either the retrospective or cumulative effect transition method. ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations was issued by FASB in March 2016 to clarify the principal versus agent considerations within ASU 2014-09. ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing was issued by the FASB in April 2016 to clarify how to determine whether goods and services are separately identifiable and thus accounted for as separate performance obligations. ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued by the FASB in May 2016 to clarify certain terms from the aforementioned updates and to add practical expedients for contracts at various stages of completion. ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, was issued by the FASB in December 2016 which includes thirteen technical corrections and improvements affecting narrow aspects of the guidance issued in ASU 2014-09. We adopted these revenue standards on January 1, 2018 using the modified retrospective approach. As there was no impact to our historical revenue recognition, we did not record a cumulative-effect adjustment to the opening balance of retained earnings in the current year. See Note J. Revenue Recognition for further discussion of our revenue. Other Adopted Pronouncements In January 2016, the FASB issued ASU No. 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The primary amendments required by the ASU include: requiring equity investments with readily determinable fair values to be measured at fair value through net income rather than through other comprehensive income; allowing entities with equity investments without readily determinable fair values to report the investments at cost, adjusted for changes in observable prices, less impairment; requiring entities that elect the fair value option for financial liabilities to report the change in fair value attributable to instrument-specific credit risk in other comprehensive income; and clarifying that entities should assess the need for a valuation allowance on a deferred tax asset related to available-for-sale debt securities in combination with other deferred tax assets. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires a cumulative-effect adjustment of the balance sheet as of the beginning of the year of adoption. Early adoption of the ASU is not permitted, except for the provision related to financial liabilities for which the fair value option has been elected. We adopted this new guidance on January 1, 2018, which resulted in the reclassification of our unrealized gains and losses on our equity and preferred securities available for sale previously included in accumulated other comprehensive income to beginning retained earnings. Changes in the fair value of our investments in equity and preferred securities subsequent to January 1, 2018 are now included in our earnings from continuing operations. We reclassified a total of $109 million from Accumulated other comprehensive income to beginning Retained earnings as of January 1, 2018. The total cumulative effect on opening equity, including an increase in Retained earnings of $19 million attributable to an increase in value of certain Other long term investments resulting from recording at fair value, was an increase in Retained earnings of $128 million and decrease in Accumulated other comprehensive income of $109 million. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. GAAP currently does not include specific guidance on the cash flow classification and presentation of changes in restricted cash. The Company previously excluded cash pledged related to secured trust deposits, which generally meets the definition of restricted cash, from the reconciliation of beginning-of-period to end-of-period total amounts shown on the statement of cash flows. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires retrospective application to all prior periods presented upon adoption. We adopted this ASU on January 1, 2018. The adoption of this ASU resulted in the following retrospective changes to our Statement of Cash Flows for the three months ended March 31, 2017: an increase in the net change in cash and cash equivalents of $67 million due to the inclusion of the change in our cash pledged against secured trust deposits, an increase in investing cash inflow of $179 million related to the movement of cash paid for investments pledged against secured trust deposits from operating to investing activities, and an increase in financing cash outflow of $112 million related to the movement of the change in secured trust deposits from operating to financing activities. Other Pronouncements Not Yet Adopted In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The amendments in this ASU introduce broad changes to the accounting and reporting for leases by lessees. The main provisions of the new standard include: clarifications to the definitions of a lease, components of leases, and criteria for determining lease classification; requiring virtually all leased assets, including operating leases and related liabilities resulting from applying the fair value measurement, to be reflected on the lessee's balance sheet; and expanding and adding to the required disclosures for lessees. This update is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the standard is permitted. The ASU requires a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. We are still evaluating the totality of the effects this new guidance will have on our business process and systems, consolidated financial statements, and related disclosures. We have identified a vendor with software suited to track and account for leases under the new standard. We have not concluded on the anticipated financial statement effects of adoption. We plan to adopt this standard on January 1, 2019. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments. The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of fixed maturity securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. We do not plan to early adopt the standard. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The guidance simplifies the measurement of goodwill impairment by removing step 2 of the goodwill impairment test, which requires the determination of the fair value of individual assets and liabilities of a reporting unit. The new guidance requires goodwill impairment to be measured as the amount by which a reporting unit’s carrying value exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments should be applied on a prospective basis. The new standard is effective for fiscal years beginning after December 15, 2019 with early adoption permitted for interim or annual goodwill impairment tests performed after January 1, 2017. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects.

Summary of Reserve for Claims Losses

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Summary of Reserve for Claims Losses

Summary of Reserve for Claim Losses

A summary of the reserve for claim losses follows:



	Three months ended March 31,
	2018			2017
	(Dollars in millions)
Beginning balance	$	1,490		$	1,487
Change in reinsurance recoverable	—			(4		)
Claim loss provision related to:
Current year	47			51
Prior years	—			1
Total title claim loss provision	47			52
Claims paid, net of recoupments related to:
Current year	(1		)	(1		)
Prior years	(50		)	(50		)
Total title claims paid, net of recoupments	(51		)	(51		)
Ending balance of claim loss reserve for title insurance	$	1,486		$	1,484
Provision for title insurance claim losses as a percentage of title insurance premiums	4.5		%	5.0		%

Summary of Reserve for Claim Losses

A summary of the reserve for claim losses follows:



	Year Ended December 31,
	2017			2016			2015
	(Dollars in millions)
Beginning balance	$	1,487		$	1,583		$	1,621
Change in reinsurance recoverable	(4		)	(8		)	1
Claim loss provision related to:
Current year	219			236			224
Prior years	19			(79		)	22
Total title claim loss provision	238			157			246
Claims paid, net of recoupments related to:
Current year	(8		)	(10		)	(7		)
Prior years	(223		)	(235		)	(278		)
Total title claims paid, net of recoupments	(231		)	(245		)	(285		)
Ending balance of claim loss reserve for title insurance	$	1,490		$	1,487		$	1,583
Provision for title insurance claim losses as a percentage of title insurance premiums	4.9		%	3.3		%	5.7		%

Fair Value Measurements

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Fair Value Measurements

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



	March 31, 2018
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	—	$	245	$	—	$	245
State and political subdivisions	—		230		—		230
Corporate debt securities	—		1,183		13		1,196
Mortgage-backed/asset-backed securities	—		53		—		53
Foreign government bonds	—		58		—		58
Preferred securities	23		293		—		316
Equity securities	677		—		—		677
Other long-term investments	—		—		101		101
Total assets	$	700	$	2,062	$	114	$	2,876



	December 31, 2017
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	—	$	195	$	—	$	195
State and political subdivisions	—		391		—		391
Corporate debt securities	—		1,117		—		1,117
Mortgage-backed/asset-backed securities	—		56		—		56
Foreign government bonds	—		57		—		57
Preferred securities	23		296		—		319
Equity securities	681		—		—		681
Total assets	$	704	$	2,112	$	—	$	2,816


•	U.S. government and agencies: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers.


•	State and political subdivisions: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers. Factors considered include relevant trade information, dealer quotes and other relevant market data.


•	Corporate debt securities: These securities are valued based on dealer quotes and related market trading activity. Factors considered include the bond's yield, its terms and conditions, or any other feature which may influence its risk and thus marketability, as well as relative credit information and relevant sector news.


•	Foreign government bonds: These securities are valued based on a discounted cash flow model incorporating observable market inputs such as available broker quotes and yields of comparable securities.


•	Mortgage-backed/asset-backed securities: These securities are comprised of commercial mortgage-backed securities, agency mortgage-backed securities, collateralized mortgage obligations, and asset-backed securities. They are valued based on available trade information, dealer quotes, cash flows, relevant indices and market data for similar assets in active markets.


•	Preferred securities: Preferred securities are valued by calculating the appropriate spread over a comparable U.S. Treasury security. Inputs include benchmark quotes and other relevant market data.

The following table presents a summary of the changes in the fair values of Level 3 assets, measured on a recurring basis, for the three months ended March 31, 2018.



	March 31, 2018
	Other long-term		Corporate debt
	investments		securities		Total
	(In millions)
Fair value, December 31, 2017	$	—	$	—	$	—
Fair value of assets associated with the adoption of ASU 2016-01	100		—		100
Transfers from Level 2	—		13		13
Paid-in-kind dividends	1		—		1
Total	$	101	$	13	$	114

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

Fair Value Measurements

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

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

The following table presents our fair value hierarchy for those assets measured at fair value on a recurring basis as of December 31, 2017 and 2016, respectively:



	December 31, 2017
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Fixed-maturity securities available for sale:
U.S. government and agencies	$	—	$	195	$	—	$	195
State and political subdivisions	—		391		—		391
Corporate debt securities	—		1,117		—		1,117
Foreign government bonds	—		57		—		57
Mortgage-backed/asset-backed securities	—		56		—		56
Preferred stock available for sale	23		296		—		319
Equity securities available for sale	681		—		—		681
Total	$	704	$	2,112	$	—	$	2,816



	December 31, 2016
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed-maturity securities available for sale:
U.S. government and agencies	$	—	$	117	$	—	$	117
State and political subdivisions	—		615		—		615
Corporate debt securities	—		1,508		—		1,508
Foreign government bonds	—		109		—		109
Mortgage-backed/asset-backed securities	—		58		—		58
Preferred stock available for sale	32		283		—		315
Equity securities available for sale	386		—		—		386
Total	$	418	$	2,690	$	—	$	3,108


•	U.S. government and agencies: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers.


•	State and political subdivisions: These securities are valued based on data obtained for similar securities in active markets and from inter-dealer brokers. Factors considered include relevant trade information, dealer quotes and other relevant market data.


•	Corporate debt securities: These securities are valued based on dealer quotes and related market trading activity. Factors considered include the bond's yield, its terms and conditions, or any other feature which may influence its risk and thus marketability, as well as relative credit information and relevant sector news.


•	Foreign government bonds: These securities are valued based on a discounted cash flow model incorporating observable market inputs such as available broker quotes and yields of comparable securities.


•	Mortgage-backed/asset-backed securities: These securities are comprised of commercial mortgage-backed securities, agency mortgage-backed securities, collateralized mortgage obligations, and asset-backed securities. They are valued based on available trade information, dealer quotes, cash flows, relevant indices and market data for similar assets in active markets.


•	Preferred stock: Preferred stocks are valued by calculating the appropriate spread over a comparable US Treasury security. Inputs include benchmark quotes and other relevant market data.

As of December 31, 2017 and 2016 we held no material assets or liabilities measured at fair value using Level 3 inputs.

There were no transfers of assets or liabilities measured at fair value using Level 1 inputs to Level 2 in the years ended December 31, 2017 or 2016.

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

Investments, Debt and Equity Securities [Abstract]

Investments

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Investments

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



	March 31, 2018
	Carrying		Cost		Unrealized		Unrealized			Fair
	Value		Basis		Gains		Losses			Value
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	245	$	247	$	—	$	(2	)	$	245
State and political subdivisions	230		227		3		—			230
Corporate debt securities	1,196		1,201		6		(11		)	1,196
Mortgage-backed/asset-backed securities	53		53		1		(1		)	53
Foreign government bonds	58		60		—		(2		)	58
Total	$	1,782	$	1,788	$	10	$	(16	)	$	1,782



	December 31, 2017
	Carrying		Cost		Unrealized		Unrealized			Fair
	Value		Basis		Gains		Losses			Value
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	195	$	196	$	—	$	(1	)	$	195
State and political subdivisions	391		387		4		—			391
Corporate debt securities	1,117		1,110		11		(4		)	1,117
Mortgage-backed/asset-backed securities	56		55		1		—			56
Foreign government bonds	57		58		1		(2		)	57
Preferred securities	319		307		12		—			319
Equity securities	681		517		172		(8		)	681
Total	$	2,816	$	2,630	$	201	$	(15	)	$	2,816

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

The following table presents certain information regarding contractual maturities of our fixed maturity securities at March 31, 2018:



	March 31, 2018
	Amortized		% of		Fair		% of
Maturity	Cost		Total		Value		Total
	(Dollars in millions)
One year or less	$	445	25	%	$	444	25	%
After one year through five years	1,269		71		1,264		71
After five years through ten years	16		1		16		1
After ten years	5		—		5		—
Mortgage-backed/asset-backed securities	53		3		53		3
Total	$	1,788	100	%	$	1,782	100	%



March 31, 2018
	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government and agencies	$	210	$	(2	)	$	—	$	—		$	210	$	(2	)
Corporate debt securities	830		(8		)	44		(3		)	874		(11		)
Foreign government bonds	19		(1		)	7		(1		)	26		(2		)
Mortgage-backed/asset-backed securities	29		(1		)	—		—			29		(1		)
Total temporarily impaired securities	$	1,088	$	(12	)	$	51	$	(4	)	$	1,139	$	(16	)



December 31, 2017
	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government and agencies	$	149	$	(1	)	$	—	$	—		$	149	$	(1	)
Corporate debt securities	464		(3		)	51		(1		)	515		(4		)
Foreign government bonds	—		—			10		(2		)	10		(2		)
Equity securities	121		(7		)	5		(1		)	126		(8		)
Total temporarily impaired securities	$	734	$	(11	)	$	66	$	(4	)	$	800	$	(15	)

We recorded no impairment charges relating to investments during the three-month periods ended March 31, 2018 or 2017.



	Three months ended March 31, 2018
	Gross Realized Gains		Gross Realized Losses		Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	3	$	—	$	3		$	298
Valuation losses on equity securities					(4		)	—
Valuation losses on preferred securities					(3		)	—
Property and equipment					5			21
Total					$	1		$	319



	Three months ended March 31, 2017
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	3	$	(3	)	$	—		$	236
Loss on debt redemptions						(2		)	—
Other assets						(2		)	—
Total						$	(4	)	$	236

Investments

The carrying amounts and fair values of our available for sale securities at December 31, 2017 and 2016 are as follows:



	December 31, 2017
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity investments available for sale:
U.S. government and agencies	$	195	$	196	$	—	$	(1	)	$	195
States and political subdivisions	391		387		4		—			391
Corporate debt securities	1,117		1,110		11		(4		)	1,117
Foreign government bonds	57		58		1		(2		)	57
Mortgage-backed/asset-backed securities	56		55		1		—			56
Preferred stock available for sale	319		307		12		—			319
Equity securities available for sale	681		517		172		(8		)	681
Total	$	2,816	$	2,630	$	201	$	(15	)	$	2,816



	December 31, 2016
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity investments available for sale:
U.S. government and agencies	$	117	$	117	$	—	$	—		$	117
States and political subdivisions	615		607		9		(1		)	615
Corporate debt securities	1,508		1,499		15		(6		)	1,508
Foreign government bonds	109		117		—		(8		)	109
Mortgage-backed/asset-backed securities	58		56		2		—			58
Preferred stock available for sale	315		312		6		(3		)	315
Equity securities available for sale	386		278		108		—			386
Total	$	3,108	$	2,986	$	140	$	(18	)	$	3,108

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

The change in net unrealized gains and (losses) on fixed maturities for the years ended December 31, 2017, 2016, and 2015 was $(1) million, $13 million, and $(64) million, respectively.

The following table presents certain information regarding contractual maturities of our fixed maturity securities at December 31, 2017:



	December 31, 2017
Maturity	Amortized Cost		% of Total		Fair Value		% of Total
	(Dollars in millions)
One year or less	$	496	27.5	%	$	496	27.3	%
After one year through five years	1,219		67.5		1,227		67.5
After five years through ten years	31		1.7		32		1.8
After ten years	5		0.3		5		0.3
Mortgage-backed/asset-backed securities	55		3.0		56		3.1
	$	1,806	100.0	%	$	1,816	100.0	%

Fixed maturity securities valued at approximately $128 million and $123 million were on deposit with various governmental authorities at December 31, 2017 and 2016, respectively, as required by law.

Net unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2017 and 2016 are as follows (in millions):



December 31, 2017
	Less than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Corporate debt securities	$	464	$	(3	)	$	51	$	(1	)	$	515	$	(4	)
U.S. government and agencies	149		(1		)	—		—			149		(1		)
Foreign government bonds	—		—			10		(2		)	10		(2		)
Equity securities available for sale	121		(7		)	5		(1		)	126		(8		)
Total temporarily impaired securities	$	734	$	(11	)	$	66	$	(4	)	$	800	$	(15	)



December 31, 2016
	Less than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
States and political subdivisions	$	107	$	(1	)	$	—	$	—		$	107	$	(1	)
Corporate debt securities	410		(4		)	11		(2		)	421		(6		)
Foreign government bonds	85		(4		)	20		(4		)	105		(8		)
Preferred stock available for sale	55		(2		)	42		(1		)	97		(3		)
Total temporarily impaired securities	$	657	$	(11	)	$	73	$	(7	)	$	730	$	(18	)



	Year ended December 31, 2017
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	7	$	(8	)	$	(1	)	$	968
Preferred stock available for sale	—		—			—			10
Other long-term investments						9			21
Loss on debt conversions						(6		)	—
Property, plant and equipment						2			4
Other intangible assets						(1		)	—
Other realized gains and losses, net						(1		)	—
Total						$	2		$	1,003

	Year ended December 31, 2016
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	4	$	(16	)	$	(12	)	$	624
Preferred stock available for sale	1		—			1			9
Equity securities available for sale	11		(1		)	10			50
Investments in unconsolidated affiliates						(3		)	—
Other intangible assets						(1		)	—
Other assets						(3		)	6
Total						$	(8	)	$	689

	Year ended December 31, 2015
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	14	$	(17	)	$	(3	)	$	1,076
Preferred stock available for sale	1		—			1			58
Equity securities available for sale	13		(11		)	2			51
Other assets						11			—
Total						$	11		$	1,185

Interest and investment income consists of the following:



	Year Ended December 31,
	2017		2016		2015
	(In millions)
Cash and cash equivalents	$	3	$	—	$	—
Fixed maturity securities available for sale	61		76		82
Equity securities and preferred stock available for sale	28		28		24
Short-term investments	4		2		—
Other	35		20		15
Total	$	131	$	126	$	121

Notes Payable

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Notes Payable

Notes payable consists of the following:



	March 31, 2018		December 31, 2017
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022	$	398	$	397
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018	53		65
Revolving Credit Facility, unsecured, unused portion of $500, due April 2022 with interest payable quarterly at LIBOR + 1.40% (3.12% at March 31, 2018)	295		295
Other	2		2
	$	748	$	759



Gross principal maturities of notes payable at March 31, 2018 are as follows (in millions):
2018 (remaining)	$	54
2019	—
2020	1
2021	—
2022	700
Thereafter	—
	$	755

Notes Payable

Notes payable consists of the following:



	December 31,
	2017		2016
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022	$	397	$	397
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018	65		291
Unsecured notes, net of discount, interest payable semi-annually at 6.60%, due May 2017	—		300
Revolving Credit Facility, unsecured, unused portion of $500 at December 31, 2017, due April 2022 with interest payable monthly at LIBOR + 1.40% (2.76% at December 31, 2017)	295		(3		)
Other	2		2
	$	759	$	987



Gross principal maturities of notes payable at December 31, 2017 are as follows (in millions):
2018	$	66
2019	—
2020	1
2021	—
2022	700
Thereafter	—
	$	767

Commitments and Contingencies

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Commitments and Contingencies

Legal and Regulatory Contingencies

Operating Leases

Future minimum operating lease payments are as follows (in millions):



2018 (remaining)	$	115
2019	135
2020	106
2021	78
2022	53
Thereafter	51
Total future minimum operating lease payments	$	538

Commitments and Contingencies

Legal and Regulatory Contingencies

Escrow Balances

Operating Leases



Future minimum operating lease payments are as follows (in millions):
2018	$	150
2019	127
2020	98
2021	71
2022	46
Thereafter	44
Total future minimum operating lease payments	$	536

Dividends	3 Months Ended
Dividends	Mar. 31, 2018
Equity [Abstract]
Dividends	Dividends On May 2, 2018, our Board of Directors declared cash dividends of $0.30 per share, payable on June 29, 2018, to FNF common shareholders of record as of June 15, 2018.

Segment Information

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Segment Information

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

As of and for the three months ended March 31, 2018:



	Title		Corporate and Other			Total
	(In millions)
Title premiums	$	1,036	$	—		$	1,036
Other revenues	516		102			618
Revenues from external customers	1,552		102			1,654
Interest and investment income, including realized gains and losses	38		1			39
Total revenues	1,590		103			1,693
Depreciation and amortization	40		7			47
Interest expense	—		11			11
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	163		(36		)	127
Income tax expense (benefit)	40		(9		)	31
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	123		(27		)	96
Equity in earnings of unconsolidated affiliates	1		1			2
Earnings (loss) from continuing operations	$	124	$	(26	)	$	98
Assets	$	8,276	$	742		$	9,018
Goodwill	2,434		313			2,747

As of and for the three months ended March 31, 2017:



	Title		Corporate and Other			Total

Title premiums	$	1,048	$	—		$	1,048
Other revenues	496		75			571
Revenues from external customers	1,544		75			1,619
Interest and investment income, including realized gains and losses	26		(2		)	24
Total revenues	1,570		73			1,643
Depreciation and amortization	38		5			43
Interest expense	—		16			16
Earnings (loss) from continuing operations, before income taxes and equity in earnings (losses) of unconsolidated affiliates	151		(23		)	128
Income tax expense (benefit)	78		(9		)	69
Earnings (loss) from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	73		(14		)	59
Equity in earnings (losses) of unconsolidated affiliates	2		(1		)	1
Earnings (loss) from continuing operations	$	75	$	(15	)	$	60
Assets	$	8,264	$	5,914		$	14,178
Goodwill	2,347		215			2,562

The activities in our segments include the following:

•

Segment Information

As of and for the year ended December 31, 2017:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,893	$	—		$	4,893
Other revenues	2,181		456			2,637
Revenues from external customers	7,074		456			7,530
Interest and investment income (loss), including realized gains and losses	137		(4		)	133
Total revenues	7,211		452			7,663
Depreciation and amortization	159		24			183
Interest expense	—		48			48
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	955		(91		)	864
Income tax expense (benefit)	274		(39		)	235
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	681		(52		)	629
Equity in earnings of unconsolidated affiliates	10		—			10
Earnings (loss) from continuing operations	$	691	$	(52	)	$	639
Assets	$	8,405	$	746		$	9,151
Goodwill	2,432		314			2,746

As of and for the year ended December 31, 2016:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,723	$	—		$	4,723
Other revenues	2,128		288			2,416
Revenues from external customers	6,851		288			7,139
Interest and investment income (loss), including realized gains and losses	127		(9		)	118
Total revenues	6,978		279			7,257
Depreciation and amortization	148		12			160
Interest expense	—		64			64
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	1,025		(70		)	955
Income tax expense (benefit)	386		(39		)	347
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	639		(31		)	608
Equity in earnings of unconsolidated affiliates	13		1			14
Earnings (loss) from continuing operations	$	652	$	(30	)	$	622
Assets	$	8,756	$	5,765		$	14,521
Goodwill	2,345		210			2,555

As of and for the year ended December 31, 2015:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,286	$	—		$	4,286
Other revenues	2,005		241			2,246
Revenues from external customers	6,291		241			6,532
Interest and investment income (loss), including realized gains and losses	137		(5		)	132
Total revenues	6,428		236			6,664
Depreciation and amortization	144		6			150
Interest expense	—		73			73
Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates	836		(66		)	770
Income tax expense (benefit)	305		(31		)	274
Earnings (loss) from continuing operations, before equity in earnings (loss) of unconsolidated affiliates	531		(35		)	496
Equity in earnings (loss) of unconsolidated affiliates	6		(1		)	5
Earnings (loss) from continuing operations	$	537	$	(36	)	$	501
Assets	$	8,533	$	5,510		$	14,043
Goodwill	2,303		45			2,348

The activities in our segments include the following:

•

Title. This segment consists of the operations of our title insurance underwriters and related businesses. This segment provides core title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products. This segment also includes our transaction services business, which includes other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default.

•

Supplemental Cash Flow Information

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Supplemental Cash Flow Information

The following supplemental cash flow information is provided with respect to certain non-cash investing and financing activities.



	Three months ended March 31,
	2018			2017
Cash paid for:
Interest	$	15		$	30
Income taxes	2			14
Non-cash investing and financing activities:
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$	11		$	(9	)
Change in purchases of investments available for sale payable in period	(4		)	1

Financing activities:
Accrual for unsettled debt service payments related to the Notes	$	—		$	9
Accrual for the equity portion of unsettled repurchases of the Notes	—			12

Supplementary Cash Flow Information

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



	Year Ended December 31,
	2017			2016		2015
	(In millions)
Cash paid during the year:
Interest	$	102		$	125	$	124
Income taxes	528			367		250

Non-cash investing and financing activities:
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$	3		$	7	$	(25	)
Change in purchases of investments available for sale payable in period	(9		)	19		(2		)

Financing activities:
Liabilities assumed in connection with acquisitions (1):
Fair value of net assets acquired	$	595		$	625	$	155
Less: Total purchase price	481			557		111
Liabilities and noncontrolling interests assumed	$	114		$	68	$	44
Change in treasury stock purchases payable in period	$	—		$	8	$	(7	)

_____________________________________

(1) See Note B Acquisitions for further discussion of assets and liabilities acquired in business combinations in the current year.

Revenue Recognition

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Revenue Recognition

On January 1, 2018, we adopted ASC Topic 606 by applying the modified retrospective method. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period.

The adoption of ASC Topic 606 did not have an impact on the recognition of our primary sources of revenue, direct and agency title premiums, as those revenue streams are subject to the accounting and reporting requirements under ASC Topic 944. Timing of recognition of substantially all of our remaining revenue was also not impacted and we therefore did not record any cumulative effect adjustment to opening equity.

Disaggregation of Revenue

Our revenue consists of:



			Three months ended March 31,
			2018		2017
Revenue Stream	Income Statement Classification	Segment	Total Revenue
Revenue from insurance contracts:			(in millions)
Title insurance premiums	Direct title insurance premiums; Agency title insurance premiums	Title	$	1,036	$	1,048
Home warranty	Escrow, title-related and other fees	Title	45		41
Total revenue from insurance contracts			1,081		1,089
Revenue from contracts with customers:
Escrow fees	Escrow, title-related and other fees	Title	183		174
Other title-related fees and income	Escrow, title-related and other fees	Title	140		138
ServiceLink, excluding title premiums, escrow fees, and subservicing fees	Escrow, title-related and other fees	Title	94		106
Real estate brokerage	Escrow, title-related and other fees	Corporate and other	76		57
Real estate technology	Escrow, title-related and other fees	Corporate and other	25		15
Other	Escrow, title-related and other fees	Corporate and other	2		2
Total revenue from contracts with customers			520		492
Other revenue:
Loan subservicing revenue	Escrow, title-related and other fees	Title	53		38
Interest and investment income	Interest and investment income	Various	38		28
Realized gains and losses, net	Realized gains and losses, net	Various	1		(4		)
Total revenues	Total revenues		1,693		1,643

Our Direct title insurance premiums are recognized as revenue at the time of closing of the underlying transaction as the earnings process is then considered complete. Regulation of title insurance rates varies by state. Premiums are charged to customers based on rates predetermined in coordination with each states' respective Department of Insurance. Cash associated with such revenue is typically collected at closing of the underlying real estate transaction. Premium revenues from agency title operations are recognized when the underlying title order and transaction closing, if applicable, are complete and the agent has been invoiced.

Revenues from our home warranty business are generated from contracts with customers to provide warranty for major home appliances. Contracts are one year in length and revenue is recognized ratably over the term of the contract.

Escrow fees and Other title-related fees and income in our Title segment are closely related to Direct title insurance premiums and are primarily associated with managing the closing of real estate transactions including the processing of funds on behalf of the transaction participants, gathering and recording the required closing documents, providing notary and home inspection services, and other real estate or title related activities. Revenue is primarily recognized upon closing of the underlying real estate transaction or completion of services. Cash associated with such revenue is typically collected at closing.

Revenues from our ServiceLink subsidiary, excluding its title premiums, escrow fees, and loan subservicing fees primarily include revenues from real estate appraisal services and foreclosure processing and facilitation services. Revenues from real estate appraisal services are recognized when all appraisal work is complete, a final report is issued to the client and the client is billed. Revenues from foreclosure processing and facilitation services are primarily recognized upon completion of the services and when billing to the client is complete.

Real estate brokerage revenues are primarily comprised of commission revenues earned in association with the facilitation of real estate transactions and are recognized upon closing of the sale of the underlying real estate transaction.

Real estate technology revenues are primarily comprised of subscription fees for use of software provided to real estate professionals. Subscriptions are only offered on a month-by-month basis and fees are billed monthly. Revenue is recognized in the month services are provided.

Loan subservicing revenues are generated by certain subsidiaries of ServiceLink and are associated with the servicing of mortgage loans on behalf of its customers. Revenue is recognized when the underlying work is performed and billed. Loan subservicing revenues are subject to the recognition requirements of ASC Topic 860.

Interest and investment income consists primarily of interest payments received on fixed maturity security holdings and dividends received on equity and preferred security holdings.

We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, primarily related to revenue from our home warranty business, and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

Contract Balances

The following table provides information about receivables and deferred revenue:



	March 31,		December 31,
	2018		2017
	(In millions)
Trade receivables	$	288	$	292
Deferred revenue (contract liabilities)	102		107

Deferred revenue is recorded primarily for our home warranty contracts. Revenues from home warranty products are recognized over the life of the policy, which is one year. The unrecognized portion is recorded as deferred revenue in accounts payable and other accrued liabilities in the Condensed Consolidated Balance Sheets. During the three months ended March 31, 2018, we recognized $46 million of revenue which was included in deferred revenue at the beginning of the period.

Discontinued Operations

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Black Knight

A reconciliation of the operations of Black Knight to the Statement of Operations is shown below (in millions):



	Three months ended March 31,
	Three months ended March 31,
	2017
	(Unaudited)
Revenues:
Escrow, title-related and other fees	$	248
Realized gains and losses, net	(2		)
Total revenues	246
Expenses:
Personnel costs	101
Other operating expenses	45
Depreciation and amortization	53
Interest expense	15
Total expenses	214
Earnings from discontinued operations before income taxes	32
Income tax expense	10
Net earnings from discontinued operations	22
Less: Net earnings attributable to non-controlling interests	12
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	10

Cash flow from discontinued operations data:
Net cash provided by operations	$	49
Net cash used in investing activities	(16		)

FNFV

In connection with the FNFV Split-Off, the following material agreements were entered into by and between the Company and Cannae (the “Split-Off Agreements”):

A summary of the operations of FNFV included in discontinued operations is shown below:



	Three months ended March 31,

	2017
	(Unaudited)
Revenues:
Escrow, title-related and other fees	$	49
Restaurant revenue	273
Interest and investment income	1
Realized gains and losses, net	5
Total revenues	328
Expenses:
Personnel costs	46
Other operating expenses	25
Cost of restaurant revenue	236
Depreciation and amortization	16
Interest expense	4
Total expenses	327
Earnings from discontinued operations before income taxes	1
Income tax expense	(2		)
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	3
Equity in (losses) earnings of unconsolidated affiliates	(4		)
Net earnings (loss) from discontinued operations	(1		)
Less: Net earnings attributable to non-controlling interests	(2		)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	1

Cash flow from discontinued operations data:
Net cash provided by operations	$	15
Net cash used in investing activities	(27		)

Reconciliation to Consolidated Financial Statements

A reconciliation of the net earnings of Black Knight and FNFV to the Statement of Earnings is shown below:



	Three months ended March 31,
	Three months ended March 31,
	2017
	(Unaudited)
Earnings from discontinued operations attributable to Black Knight	$	22
Loss from discontinued operations attributable to FNFV	(1		)
Net earnings from discontinued operations, net of tax	$	21

Discontinued Operations

Black Knight

We have various agreements with Black Knight to provide technology, data and analytics services, as well as corporate shared services and information technology. We are also a party to certain other agreements under which we incur other expenses or receive revenues from Black Knight. We expect to continue utilizing Black Knight to provide technology and data and analytics services for the foreseeable future. Subsequent to the BK Distribution, Black Knight is considered a related party for FNF. The cash inflows and outflows from and to Black Knight as well as revenues and expenses included in continuing operations subsequent to September 29, 2017, the date of the BK Distribution, which were previously eliminated in our consolidated financial statements as intra-entity transactions, are not material to our results of operations for the year ended December 31, 2017.

A summary of the operations of Black Knight included in discontinued operations is shown below:



	Year Ended December 31,
	2017			2016			2015
Revenues:	(in millions)
Escrow, title-related and other fees	$	745		$	963		$	874
Realized gains and losses, net	(13		)	—			(5		)
Total revenues	732			963			869
Expenses:
Personnel costs	292			393			377
Other operating expenses	145			190			156
Depreciation and amortization	154			208			195
Interest expense	42			62			49
Total expenses	633			853			777
Earnings from discontinued operations before income taxes	99			110			92
Income tax expense	40			36			35
Net earnings from discontinued operations	59			74			57
Less: Net earnings attributable to non-controlling interests	36			47			28
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	23		$	27		$	29

Cash flow from discontinued operations data:
Net cash provided by operations	$	240		$	326		$	248
Net cash used in investing activities	(46		)	(230		)	(103		)

A summary of the financial position of Black Knight included as assets and liabilities of discontinued operations is shown below:



	December 31, 2016
	(in millions)
Cash and cash equivalents	$	130
Short term investments	4
Trade and notes receivable	157
Goodwill	2,304
Prepaid expenses and other assets	184
Capitalized software, net	450
Other intangible assets, net	359
Property and equipment, net	173
Total assets of discontinued operations	$	3,761

Accounts payable and accrued liabilities	$	287
Notes payable	1,526
Income taxes payable	26
Deferred tax liabilities	334
Total liabilities of discontinued operations	$	2,173

FNFV

In conjunction with the FNFV Split-Off, FNTIC, Chicago Title, and Commonwealth Title contributed an aggregate of $100 million to Cannae in exchange for 5,706,134 shares of Cannae common stock. As of December 31, 2017, we own approximately 8.1% of Cannae's outstanding common equity. In addition we issued to Cannae a revolver note (the "Cannae Revolver") in the aggregate principal amount of up to $100 million, which accrues interest at LIBOR plus 450 basis points and matures on the five-year anniversary of the date of the revolver note. The maturity date is automatically extended for additional five-year terms unless notice of non-renewal is otherwise provided by either FNF or Cannae, in their sole discretion. As of December 31, 2017, there is no outstanding balance under the Cannae Revolver.

In connection with the FNFV Split-Off, the following material agreements were entered into by and between the Company and Cannae (the “Split-Off Agreements”):

•a Voting Agreement, dated as of November 17, 2017, by and between the Company and Cannae, pursuant to which the Company agrees to appear or cause all shares of Cannae common stock that the Company or its subsidiaries, as applicable, own after the Split-Off to be counted as present at any meeting of the stockholders of Cannae, for the purpose of establishing a quorum, and agrees to vote all of such shares of Cannae common stock (or cause them to be voted) in the same manner as, and in the same proportion to, all shares voted by holders of Cannae common stock (other than the Company and its subsidiaries).

A summary of the operations of FNFV included in discontinued operations is shown below:



	Year Ended December 31,
	2017			2016			2015
Revenues:	(in millions)
Escrow, title-related and other fees	$	111		$	168		$	204
Restaurant revenue	981			1,158			1,412
Interest and investment income	5			3			2
Realized gains and losses, net	277			6			(19		)
Total revenues	1,374			1,335			1,599
Expenses:
Personnel costs	148			165			158
Other operating expenses	94			106			167
Cost of restaurant revenue	861			984			1,195
Depreciation and amortization	51			63			65
Interest expense	9			10			8
Total expenses	1,163			1,328			1,593
Earnings from discontinued operations before income taxes	211			7			6
Income tax expense (benefit)	103			(11		)	(19		)
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	108			18			25
Equity in losses of unconsolidated affiliates	(12		)	(22		)	(22		)
Net earnings (loss) from discontinued operations	96			(4		)	3
Less: Net (losses) earnings attributable to non-controlling interests	(13		)	—			16
Net earnings (loss) attributable to Fidelity National Financial, Inc. common shareholders	$	109		$	(4	)	$	(13	)

Cash flow from discontinued operations data:
Net cash (used in) provided by operations	$	(134	)	$	81		$	29
Net cash (used in) provided by investing activities	(11		)	67			166

A summary of the financial position of FNFV included as assets and liabilities of discontinued operations is shown below:



	December 31, 2016
	(in millions)
Investments:
Fixed maturities available for sale, at fair value	$	25
Equity securities available for sale, at fair value	52
Investments in unconsolidated affiliates	407
Other long term investments	12
Short term investments	2
Total investments	498
Cash and cash equivalents	144
Trade and notes receivable	52
Goodwill	206
Prepaid expenses and other assets	33
Capitalized software, net	16
Deferred tax assets	58
Other intangible assets, net	200
Property and equipment, net	251
Total assets of discontinued operations	$	1,458

Accounts payable and accrued liabilities	$	214
Notes payable	233
Income taxes payable	18
Total liabilities of discontinued operations	$	465

Reconciliation to Consolidated Financial Statements

A reconciliation of the net earnings of Black Knight and FNFV to the Statement of Operations is shown below:



	Year Ended December 31,
	2017		2016			2015
	(in millions)
Earnings from discontinued operations attributable to Black Knight	$	59	$	74		$	57
Earnings (loss) from discontinued operations attributable to FNFV	96		(4		)	3
Total earnings from discontinued operations, net of tax	$	155	$	70		$	60

A reconciliation of the financial position of Black Knight and FNFV to the Balance Sheet is shown below:



	December 31, 2016
	(in millions)
Assets:
Assets of discontinued operations attributable to Black Knight	$	3,761
Assets of discontinued operations attributable to FNFV	1,458
Total assets of discontinued operations	$	5,219
Liabilities:
Liabilities of discontinued operations attributable to Black Knight	$	2,173
Liabilities of discontinued operations attributable to FNFV	465
Total liabilities of discontinued operations	$	2,638

Basis of Financial Statements (Policies)	3 Months Ended	12 Months Ended
Basis of Financial Statements (Policies)	Mar. 31, 2018	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Financial Statements	The unaudited financial information in this report includes the accounts of Fidelity National Financial, Inc. and its subsidiaries (collectively, “we,” “us,” “our,” or “FNF”) prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and the instructions to Form 10-Q and Article 10 of Regulation S-X. All adjustments considered necessary for a fair presentation have been included. All adjustments made were of a normal, recurring nature.
Earnings Per Share	Earnings Per Share Basic earnings per share, as presented on the Condensed Consolidated Statement of Earnings, is computed by dividing net earnings available to common shareholders in a given period by the weighted average number of common shares outstanding during such period. In periods when earnings are positive, diluted earnings per share is calculated by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding plus the impact of assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted earnings per share is equal to basic earnings per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain stock options, shares of restricted stock, convertible debt instruments and certain other convertible share based payments which have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported. Options or other instruments which provide the ability to purchase shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share.	Basic earnings per share, as presented on the Consolidated Statement of Earnings, is computed by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding during the period. In periods when earnings are positive, diluted earnings per share is calculated by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding plus the impact of assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted earnings per share is equal to basic earnings per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain stock options, shares of restricted stock, convertible debt instruments and certain other convertible share based payments which have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported. Options or other instruments which provide the ability to purchase shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Revenue Recognition In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU provides a new comprehensive revenue recognition model that requires companies to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update permits the use of either the retrospective or cumulative effect transition method. ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations was issued by FASB in March 2016 to clarify the principal versus agent considerations within ASU 2014-09. ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing was issued by the FASB in April 2016 to clarify how to determine whether goods and services are separately identifiable and thus accounted for as separate performance obligations. ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued by the FASB in May 2016 to clarify certain terms from the aforementioned updates and to add practical expedients for contracts at various stages of completion. ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, was issued by the FASB in December 2016 which includes thirteen technical corrections and improvements affecting narrow aspects of the guidance issued in ASU 2014-09. We adopted these revenue standards on January 1, 2018 using the modified retrospective approach. As there was no impact to our historical revenue recognition, we did not record a cumulative-effect adjustment to the opening balance of retained earnings in the current year. See Note J. Revenue Recognition for further discussion of our revenue. Other Adopted Pronouncements In January 2016, the FASB issued ASU No. 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The primary amendments required by the ASU include: requiring equity investments with readily determinable fair values to be measured at fair value through net income rather than through other comprehensive income; allowing entities with equity investments without readily determinable fair values to report the investments at cost, adjusted for changes in observable prices, less impairment; requiring entities that elect the fair value option for financial liabilities to report the change in fair value attributable to instrument-specific credit risk in other comprehensive income; and clarifying that entities should assess the need for a valuation allowance on a deferred tax asset related to available-for-sale debt securities in combination with other deferred tax assets. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires a cumulative-effect adjustment of the balance sheet as of the beginning of the year of adoption. Early adoption of the ASU is not permitted, except for the provision related to financial liabilities for which the fair value option has been elected. We adopted this new guidance on January 1, 2018, which resulted in the reclassification of our unrealized gains and losses on our equity and preferred securities available for sale previously included in accumulated other comprehensive income to beginning retained earnings. Changes in the fair value of our investments in equity and preferred securities subsequent to January 1, 2018 are now included in our earnings from continuing operations. We reclassified a total of $109 million from Accumulated other comprehensive income to beginning Retained earnings as of January 1, 2018. The total cumulative effect on opening equity, including an increase in Retained earnings of $19 million attributable to an increase in value of certain Other long term investments resulting from recording at fair value, was an increase in Retained earnings of $128 million and decrease in Accumulated other comprehensive income of $109 million. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. GAAP currently does not include specific guidance on the cash flow classification and presentation of changes in restricted cash. The Company previously excluded cash pledged related to secured trust deposits, which generally meets the definition of restricted cash, from the reconciliation of beginning-of-period to end-of-period total amounts shown on the statement of cash flows. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires retrospective application to all prior periods presented upon adoption. We adopted this ASU on January 1, 2018. The adoption of this ASU resulted in the following retrospective changes to our Statement of Cash Flows for the three months ended March 31, 2017: an increase in the net change in cash and cash equivalents of $67 million due to the inclusion of the change in our cash pledged against secured trust deposits, an increase in investing cash inflow of $179 million related to the movement of cash paid for investments pledged against secured trust deposits from operating to investing activities, and an increase in financing cash outflow of $112 million related to the movement of the change in secured trust deposits from operating to financing activities. Other Pronouncements Not Yet Adopted In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The amendments in this ASU introduce broad changes to the accounting and reporting for leases by lessees. The main provisions of the new standard include: clarifications to the definitions of a lease, components of leases, and criteria for determining lease classification; requiring virtually all leased assets, including operating leases and related liabilities resulting from applying the fair value measurement, to be reflected on the lessee's balance sheet; and expanding and adding to the required disclosures for lessees. This update is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the standard is permitted. The ASU requires a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. We are still evaluating the totality of the effects this new guidance will have on our business process and systems, consolidated financial statements, and related disclosures. We have identified a vendor with software suited to track and account for leases under the new standard. We have not concluded on the anticipated financial statement effects of adoption. We plan to adopt this standard on January 1, 2019. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments. The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of fixed maturity securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. We do not plan to early adopt the standard. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The guidance simplifies the measurement of goodwill impairment by removing step 2 of the goodwill impairment test, which requires the determination of the fair value of individual assets and liabilities of a reporting unit. The new guidance requires goodwill impairment to be measured as the amount by which a reporting unit’s carrying value exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments should be applied on a prospective basis. The new standard is effective for fiscal years beginning after December 15, 2019 with early adoption permitted for interim or annual goodwill impairment tests performed after January 1, 2017. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. On January 1, 2018, we adopted ASC Topic 606 by applying the modified retrospective method. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. The adoption of ASC Topic 606 did not have an impact on the recognition of our primary sources of revenue, direct and agency title premiums, as those revenue streams are subject to the accounting and reporting requirements under ASC Topic 944. Timing of recognition of substantially all of our remaining revenue was also not impacted and we therefore did not record any cumulative effect adjustment to opening equity.	Recent Accounting Pronouncements Revenue Recognition In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU provides a new comprehensive revenue recognition model that requires companies to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update permits the use of either the retrospective or cumulative effect transition method. ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations was issued by FASB in March 2016 to clarify the principal versus agent considerations within ASU 2014-09. ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing was issued by the FASB in April 2016 to clarify how to determine whether goods and services are separately identifiable and thus accounted for as separate performance obligations. ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued by the FASB in May 2016 to clarify certain terms from the aforementioned updates and to add practical expedients for contracts at various stages of completion. ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, was issued by the FASB in December 2016 which includes thirteen technical corrections and improvements affecting narrow aspects of the guidance issued in ASU 2014-09. We have completed our analysis of the impact of the standards and have concluded that these standards will not have a material impact on our accounting or reporting. Upon issuance of ASU 2015-14, the effective date of ASU 2014-09 was deferred to annual and interim periods beginning on or after December 15, 2017. We will adopt the guidance on January 1, 2018. Either of the following transition methods is permitted: (i) a full retrospective approach reflecting the application of the new standard in each prior reporting period, or (ii) a modified retrospective approach with a cumulative-effect adjustment to the opening balance of retained earnings in the year the new standard is first applied. We plan to transition to this new guidance using the modified retrospective approach. Other Pronouncements In January 2016, the FASB issued ASU No. 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The primary amendments required by the ASU include: requiring equity investments with readily determinable fair values to be measured at fair value through net income rather than through other comprehensive income; allowing entities with equity investments without readily determinable fair values to report the investments at cost, adjusted for changes in observable prices, less impairment; requiring entities that elect the fair value option for financial liabilities to report the change in fair value attributable to instrument-specific credit risk in other comprehensive income; and clarifying that entities should assess the need for a valuation allowance on a deferred tax asset related to available-for-sale debt securities in combination with other deferred tax assets. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU requires a cumulative-effect adjustment of the balance sheet as of the beginning of the year of adoption. Early adoption of the ASU is not permitted, except for the provision related to financial liabilities for which the fair value option has been elected. We have completed our evaluation of the effects this new guidance will have on our consolidated financial statements and related disclosures and have determined that the ASU will result in: (1) reclassification of our unrealized gains and losses on our equity and preferred securities available for sale currently included in accumulated other comprehensive income to beginning retained earnings as of January 1, 2018 and (2) changes in fair value of our equity and preferred securities available for sale subsequent to January 1, 2018 to be included in our earnings from continuing operations. As of December 31, 2017, we held equity and preferred securities available for sale with combined net unrealized gains (net of losses) of $164 million and $12 million, respectively. Including the associated effects of deferred taxes, based on the net of tax balances as of December 31, 2017, we expect to reclassify a total of approximately $109 million from Accumulated other comprehensive income to beginning Retained earnings as of January 1, 2018. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The amendments in this ASU introduce broad changes to the accounting and reporting for leases by lessees. The main provisions of the new standard include: clarifications to the definitions of a lease, components of leases, and criteria for determining lease classification; requiring virtually all leased assets, including operating leases and related liabilities, to be reflected on the lessee's balance sheet; and expanding and adding to the required disclosures for lessees. This update is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the standard is permitted. The ASU requires a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. We are still evaluating the totality of the effects this new guidance will have on our business process and systems, consolidated financial statements, related disclosures. We have identified a vendor with software suited to track and account for leases under the new standard. We have not concluded on the anticipated financial statement effects of adoption. We plan to adopt this standard on January 1, 2019. We are currently evaluating the impact of the adoption of this standard on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments. The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of debt securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. We do not plan to early adopt the standard. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The amendments in this ASU introduce clarifications to the presentation of certain cash receipts and cash payments in the statement of cash flows. The primary updates include additions and clarifications of the classification of cash flows related to certain debt repayment activities, contingent consideration payments related to business combinations, proceeds from insurance policies, distributions from equity method investees, and cash flows related to securitized receivables. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. The ASU requires retrospective application to all prior periods presented upon adoption. We will adopt this ASU on January 1, 2018 and based on our preliminary analysis, we do not expect the adoption of this ASU to have a material impact on our resulting operating, investing, or financing cash flows. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. GAAP currently does not include specific guidance on the cash flow classification and presentation of changes in restricted cash. The Company currently excludes cash pledged related to secured trust deposits, which generally meets the definition of restricted cash, from the reconciliation of beginning-of-period to end-of-period total amounts shown on the statement of cash flows. This update is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. The ASU requires retrospective application to all prior periods presented upon adoption. We will adopt this ASU on January 1, 2018. Based on our preliminary analysis, we expect the adoption of this ASU to result in the movement of the change in our cash pledged against secured trust deposits from operating activities to the net change in cash, the change in investments pledged against secured trust deposits from operating to investing activities, and the change in secured trust deposits from operating to financing activities. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business to assist companies with evaluating whether transactions should be accounted for as acquisitions of assets or businesses. The new guidance requires a company to evaluate if substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets; if so, the set of assets and activities is not a business. The guidance also requires a business to include at least one substantive process and narrows the definition of outputs by more closely aligning it with how outputs are described in the guidance for revenue from contracts with customers. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. The guidance should be applied prospectively to any transactions occurring within the period of adoption. We will adopt this ASU on January 1, 2018. Based on our historical acquisition activity, we do not expect this to have a material impact on our ongoing accounting or financial reporting. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The guidance simplifies the measurement of goodwill impairment by removing step 2 of the goodwill impairment test, which requires the determination of the fair value of individual assets and liabilities of a reporting unit. The new guidance requires goodwill impairment to be measured as the amount by which a reporting unit’s carrying value exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments should be applied on a prospective basis. The new standard is effective for fiscal years beginning after December 15, 2019 with early adoption permitted for interim or annual goodwill impairment tests performed after January 1, 2017. We are currently evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. In March 2017, the FASB issued ASU No. 2017-08, Receivables-Nonrefundable Fees and Other Costs (Topic 310-20): Premium Amortization on Purchased Callable Debt Securities. The amendments in this ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. The new guidance does not change the accounting for purchased callable debt securities held at a discount. This update is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of this ASU is permitted, including in interim periods. We early adopted the standard as of January 1, 2017. The adoption of this standard did not have a material impact on our financial statements.
Insurance Premiums Revenue Recognition	Our Direct title insurance premiums are recognized as revenue at the time of closing of the underlying transaction as the earnings process is then considered complete. Regulation of title insurance rates varies by state. Premiums are charged to customers based on rates predetermined in coordination with each states' respective Department of Insurance. Cash associated with such revenue is typically collected at closing of the underlying real estate transaction. Premium revenues from agency title operations are recognized when the underlying title order and transaction closing, if applicable, are complete and the agent has been invoiced. Revenues from our home warranty business are generated from contracts with customers to provide warranty for major home appliances. Contracts are one year in length and revenue is recognized ratably over the term of the contract.
Revenue Recognition, Services, Real Estate Transactions	Escrow fees and Other title-related fees and income in our Title segment are closely related to Direct title insurance premiums and are primarily associated with managing the closing of real estate transactions including the processing of funds on behalf of the transaction participants, gathering and recording the required closing documents, providing notary and home inspection services, and other real estate or title related activities. Revenue is primarily recognized upon closing of the underlying real estate transaction or completion of services. Cash associated with such revenue is typically collected at closing. Revenues from our ServiceLink subsidiary, excluding its title premiums, escrow fees, and loan subservicing fees primarily include revenues from real estate appraisal services and foreclosure processing and facilitation services. Revenues from real estate appraisal services are recognized when all appraisal work is complete, a final report is issued to the client and the client is billed. Revenues from foreclosure processing and facilitation services are primarily recognized upon completion of the services and when billing to the client is complete. Real estate brokerage revenues are primarily comprised of commission revenues earned in association with the facilitation of real estate transactions and are recognized upon closing of the sale of the underlying real estate transaction. Real estate technology revenues are primarily comprised of subscription fees for use of software provided to real estate professionals. Subscriptions are only offered on a month-by-month basis and fees are billed monthly. Revenue is recognized in the month services are provided. Loan subservicing revenues are generated by certain subsidiaries of ServiceLink and are associated with the servicing of mortgage loans on behalf of its customers. Revenue is recognized when the underlying work is performed and billed. Loan subservicing revenues are subject to the recognition requirements of ASC Topic 860.
Revenue Recognition, Other	Interest and investment income consists primarily of interest payments received on fixed maturity security holdings and dividends received on equity and preferred security holdings. We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, primarily related to revenue from our home warranty business, and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

Summary of Reserve for Claims Losses (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Summary of the Reserve for Claim Losses

A summary of the reserve for claim losses follows:



	Three months ended March 31,
	2018			2017
	(Dollars in millions)
Beginning balance	$	1,490		$	1,487
Change in reinsurance recoverable	—			(4		)
Claim loss provision related to:
Current year	47			51
Prior years	—			1
Total title claim loss provision	47			52
Claims paid, net of recoupments related to:
Current year	(1		)	(1		)
Prior years	(50		)	(50		)
Total title claims paid, net of recoupments	(51		)	(51		)
Ending balance of claim loss reserve for title insurance	$	1,486		$	1,484
Provision for title insurance claim losses as a percentage of title insurance premiums	4.5		%	5.0		%

A summary of the reserve for claim losses follows:



	Year Ended December 31,
	2017			2016			2015
	(Dollars in millions)
Beginning balance	$	1,487		$	1,583		$	1,621
Change in reinsurance recoverable	(4		)	(8		)	1
Claim loss provision related to:
Current year	219			236			224
Prior years	19			(79		)	22
Total title claim loss provision	238			157			246
Claims paid, net of recoupments related to:
Current year	(8		)	(10		)	(7		)
Prior years	(223		)	(235		)	(278		)
Total title claims paid, net of recoupments	(231		)	(245		)	(285		)
Ending balance of claim loss reserve for title insurance	$	1,490		$	1,487		$	1,583
Provision for title insurance claim losses as a percentage of title insurance premiums	4.9		%	3.3		%	5.7		%

Fair Value Measurements (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Assets and Liabilities Measured at Fair Value on Recurring Basis

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



	March 31, 2018
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	—	$	245	$	—	$	245
State and political subdivisions	—		230		—		230
Corporate debt securities	—		1,183		13		1,196
Mortgage-backed/asset-backed securities	—		53		—		53
Foreign government bonds	—		58		—		58
Preferred securities	23		293		—		316
Equity securities	677		—		—		677
Other long-term investments	—		—		101		101
Total assets	$	700	$	2,062	$	114	$	2,876



	December 31, 2017
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	—	$	195	$	—	$	195
State and political subdivisions	—		391		—		391
Corporate debt securities	—		1,117		—		1,117
Mortgage-backed/asset-backed securities	—		56		—		56
Foreign government bonds	—		57		—		57
Preferred securities	23		296		—		319
Equity securities	681		—		—		681
Total assets	$	704	$	2,112	$	—	$	2,816

The following table presents our fair value hierarchy for those assets measured at fair value on a recurring basis as of December 31, 2017 and 2016, respectively:



	December 31, 2017
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Fixed-maturity securities available for sale:
U.S. government and agencies	$	—	$	195	$	—	$	195
State and political subdivisions	—		391		—		391
Corporate debt securities	—		1,117		—		1,117
Foreign government bonds	—		57		—		57
Mortgage-backed/asset-backed securities	—		56		—		56
Preferred stock available for sale	23		296		—		319
Equity securities available for sale	681		—		—		681
Total	$	704	$	2,112	$	—	$	2,816



	December 31, 2016
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed-maturity securities available for sale:
U.S. government and agencies	$	—	$	117	$	—	$	117
State and political subdivisions	—		615		—		615
Corporate debt securities	—		1,508		—		1,508
Foreign government bonds	—		109		—		109
Mortgage-backed/asset-backed securities	—		58		—		58
Preferred stock available for sale	32		283		—		315
Equity securities available for sale	386		—		—		386
Total	$	418	$	2,690	$	—	$	3,108

Fair Values of Level 3 Assets Measured on Recurring Basis

The following table presents a summary of the changes in the fair values of Level 3 assets, measured on a recurring basis, for the three months ended March 31, 2018.



	March 31, 2018
	Other long-term		Corporate debt
	investments		securities		Total
	(In millions)
Fair value, December 31, 2017	$	—	$	—	$	—
Fair value of assets associated with the adoption of ASU 2016-01	100		—		100
Transfers from Level 2	—		13		13
Paid-in-kind dividends	1		—		1
Total	$	101	$	13	$	114

Investments (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of Carrying Amount and Fair Value of Available-for-sale Securities

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



	March 31, 2018
	Carrying		Cost		Unrealized		Unrealized			Fair
	Value		Basis		Gains		Losses			Value
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	245	$	247	$	—	$	(2	)	$	245
State and political subdivisions	230		227		3		—			230
Corporate debt securities	1,196		1,201		6		(11		)	1,196
Mortgage-backed/asset-backed securities	53		53		1		(1		)	53
Foreign government bonds	58		60		—		(2		)	58
Total	$	1,782	$	1,788	$	10	$	(16	)	$	1,782



	December 31, 2017
	Carrying		Cost		Unrealized		Unrealized			Fair
	Value		Basis		Gains		Losses			Value
	(In millions)
Fixed maturity securities available for sale:
U.S. government and agencies	$	195	$	196	$	—	$	(1	)	$	195
State and political subdivisions	391		387		4		—			391
Corporate debt securities	1,117		1,110		11		(4		)	1,117
Mortgage-backed/asset-backed securities	56		55		1		—			56
Foreign government bonds	57		58		1		(2		)	57
Preferred securities	319		307		12		—			319
Equity securities	681		517		172		(8		)	681
Total	$	2,816	$	2,630	$	201	$	(15	)	$	2,816

The carrying amounts and fair values of our available for sale securities at December 31, 2017 and 2016 are as follows:



	December 31, 2017
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity investments available for sale:
U.S. government and agencies	$	195	$	196	$	—	$	(1	)	$	195
States and political subdivisions	391		387		4		—			391
Corporate debt securities	1,117		1,110		11		(4		)	1,117
Foreign government bonds	57		58		1		(2		)	57
Mortgage-backed/asset-backed securities	56		55		1		—			56
Preferred stock available for sale	319		307		12		—			319
Equity securities available for sale	681		517		172		(8		)	681
Total	$	2,816	$	2,630	$	201	$	(15	)	$	2,816



	December 31, 2016
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity investments available for sale:
U.S. government and agencies	$	117	$	117	$	—	$	—		$	117
States and political subdivisions	615		607		9		(1		)	615
Corporate debt securities	1,508		1,499		15		(6		)	1,508
Foreign government bonds	109		117		—		(8		)	109
Mortgage-backed/asset-backed securities	58		56		2		—			58
Preferred stock available for sale	315		312		6		(3		)	315
Equity securities available for sale	386		278		108		—			386
Total	$	3,108	$	2,986	$	140	$	(18	)	$	3,108

Investments Classified by Contractual Maturity Dates

The following table presents certain information regarding contractual maturities of our fixed maturity securities at March 31, 2018:



	March 31, 2018
	Amortized		% of		Fair		% of
Maturity	Cost		Total		Value		Total
	(Dollars in millions)
One year or less	$	445	25	%	$	444	25	%
After one year through five years	1,269		71		1,264		71
After five years through ten years	16		1		16		1
After ten years	5		—		5		—
Mortgage-backed/asset-backed securities	53		3		53		3
Total	$	1,788	100	%	$	1,782	100	%

The following table presents certain information regarding contractual maturities of our fixed maturity securities at December 31, 2017:



	December 31, 2017
Maturity	Amortized Cost		% of Total		Fair Value		% of Total
	(Dollars in millions)
One year or less	$	496	27.5	%	$	496	27.3	%
After one year through five years	1,219		67.5		1,227		67.5
After five years through ten years	31		1.7		32		1.8
After ten years	5		0.3		5		0.3
Mortgage-backed/asset-backed securities	55		3.0		56		3.1
	$	1,806	100.0	%	$	1,816	100.0	%

Schedule of Temporary Impairment Losses, Investments



March 31, 2018
	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government and agencies	$	210	$	(2	)	$	—	$	—		$	210	$	(2	)
Corporate debt securities	830		(8		)	44		(3		)	874		(11		)
Foreign government bonds	19		(1		)	7		(1		)	26		(2		)
Mortgage-backed/asset-backed securities	29		(1		)	—		—			29		(1		)
Total temporarily impaired securities	$	1,088	$	(12	)	$	51	$	(4	)	$	1,139	$	(16	)



December 31, 2017
	Less than 12 Months					12 Months or Longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government and agencies	$	149	$	(1	)	$	—	$	—		$	149	$	(1	)
Corporate debt securities	464		(3		)	51		(1		)	515		(4		)
Foreign government bonds	—		—			10		(2		)	10		(2		)
Equity securities	121		(7		)	5		(1		)	126		(8		)
Total temporarily impaired securities	$	734	$	(11	)	$	66	$	(4	)	$	800	$	(15	)

Net unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2017 and 2016 are as follows (in millions):



December 31, 2017
	Less than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Corporate debt securities	$	464	$	(3	)	$	51	$	(1	)	$	515	$	(4	)
U.S. government and agencies	149		(1		)	—		—			149		(1		)
Foreign government bonds	—		—			10		(2		)	10		(2		)
Equity securities available for sale	121		(7		)	5		(1		)	126		(8		)
Total temporarily impaired securities	$	734	$	(11	)	$	66	$	(4	)	$	800	$	(15	)



December 31, 2016
	Less than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
States and political subdivisions	$	107	$	(1	)	$	—	$	—		$	107	$	(1	)
Corporate debt securities	410		(4		)	11		(2		)	421		(6		)
Foreign government bonds	85		(4		)	20		(4		)	105		(8		)
Preferred stock available for sale	55		(2		)	42		(1		)	97		(3		)
Total temporarily impaired securities	$	657	$	(11	)	$	73	$	(7	)	$	730	$	(18	)

Realized Gains and Losses and Proceeds From Sales on Investments and Other Assets



	Three months ended March 31, 2018
	Gross Realized Gains		Gross Realized Losses		Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	3	$	—	$	3		$	298
Valuation losses on equity securities					(4		)	—
Valuation losses on preferred securities					(3		)	—
Property and equipment					5			21
Total					$	1		$	319



	Three months ended March 31, 2017
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	3	$	(3	)	$	—		$	236
Loss on debt redemptions						(2		)	—
Other assets						(2		)	—
Total						$	(4	)	$	236



	Year ended December 31, 2017
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	7	$	(8	)	$	(1	)	$	968
Preferred stock available for sale	—		—			—			10
Other long-term investments						9			21
Loss on debt conversions						(6		)	—
Property, plant and equipment						2			4
Other intangible assets						(1		)	—
Other realized gains and losses, net						(1		)	—
Total						$	2		$	1,003

	Year ended December 31, 2016
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	4	$	(16	)	$	(12	)	$	624
Preferred stock available for sale	1		—			1			9
Equity securities available for sale	11		(1		)	10			50
Investments in unconsolidated affiliates						(3		)	—
Other intangible assets						(1		)	—
Other assets						(3		)	6
Total						$	(8	)	$	689

	Year ended December 31, 2015
	Gross Realized Gains		Gross Realized Losses			Net Realized Gains (Losses)			Gross Proceeds from Sale/Maturity
	(In millions)
Fixed maturity securities available for sale	$	14	$	(17	)	$	(3	)	$	1,076
Preferred stock available for sale	1		—			1			58
Equity securities available for sale	13		(11		)	2			51
Other assets						11			—
Total						$	11		$	1,185

Notes Payable (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Schedule of Notes Payable

Notes payable consists of the following:



	March 31, 2018		December 31, 2017
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022	$	398	$	397
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018	53		65
Revolving Credit Facility, unsecured, unused portion of $500, due April 2022 with interest payable quarterly at LIBOR + 1.40% (3.12% at March 31, 2018)	295		295
Other	2		2
	$	748	$	759

Notes payable consists of the following:



	December 31,
	2017		2016
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022	$	397	$	397
Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018	65		291
Unsecured notes, net of discount, interest payable semi-annually at 6.60%, due May 2017	—		300
Revolving Credit Facility, unsecured, unused portion of $500 at December 31, 2017, due April 2022 with interest payable monthly at LIBOR + 1.40% (2.76% at December 31, 2017)	295		(3		)
Other	2		2
	$	759	$	987

Schedule of Principal Maturities of Notes Payable



Gross principal maturities of notes payable at March 31, 2018 are as follows (in millions):
2018 (remaining)	$	54
2019	—
2020	1
2021	—
2022	700
Thereafter	—
	$	755



Gross principal maturities of notes payable at December 31, 2017 are as follows (in millions):
2018	$	66
2019	—
2020	1
2021	—
2022	700
Thereafter	—
	$	767

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Schedule of Future Minimum Operating Lease Payments

Future minimum operating lease payments are as follows (in millions):



2018 (remaining)	$	115
2019	135
2020	106
2021	78
2022	53
Thereafter	51
Total future minimum operating lease payments	$	538

Operating Leases



Future minimum operating lease payments are as follows (in millions):
2018	$	150
2019	127
2020	98
2021	71
2022	46
Thereafter	44
Total future minimum operating lease payments	$	536

Segment Information (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Schedule of Segment Information

As of and for the three months ended March 31, 2018:



	Title		Corporate and Other			Total
	(In millions)
Title premiums	$	1,036	$	—		$	1,036
Other revenues	516		102			618
Revenues from external customers	1,552		102			1,654
Interest and investment income, including realized gains and losses	38		1			39
Total revenues	1,590		103			1,693
Depreciation and amortization	40		7			47
Interest expense	—		11			11
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	163		(36		)	127
Income tax expense (benefit)	40		(9		)	31
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	123		(27		)	96
Equity in earnings of unconsolidated affiliates	1		1			2
Earnings (loss) from continuing operations	$	124	$	(26	)	$	98
Assets	$	8,276	$	742		$	9,018
Goodwill	2,434		313			2,747

As of and for the three months ended March 31, 2017:



	Title		Corporate and Other			Total

Title premiums	$	1,048	$	—		$	1,048
Other revenues	496		75			571
Revenues from external customers	1,544		75			1,619
Interest and investment income, including realized gains and losses	26		(2		)	24
Total revenues	1,570		73			1,643
Depreciation and amortization	38		5			43
Interest expense	—		16			16
Earnings (loss) from continuing operations, before income taxes and equity in earnings (losses) of unconsolidated affiliates	151		(23		)	128
Income tax expense (benefit)	78		(9		)	69
Earnings (loss) from continuing operations, before equity in earnings (losses) of unconsolidated affiliates	73		(14		)	59
Equity in earnings (losses) of unconsolidated affiliates	2		(1		)	1
Earnings (loss) from continuing operations	$	75	$	(15	)	$	60
Assets	$	8,264	$	5,914		$	14,178
Goodwill	2,347		215			2,562

As of and for the year ended December 31, 2017:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,893	$	—		$	4,893
Other revenues	2,181		456			2,637
Revenues from external customers	7,074		456			7,530
Interest and investment income (loss), including realized gains and losses	137		(4		)	133
Total revenues	7,211		452			7,663
Depreciation and amortization	159		24			183
Interest expense	—		48			48
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	955		(91		)	864
Income tax expense (benefit)	274		(39		)	235
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	681		(52		)	629
Equity in earnings of unconsolidated affiliates	10		—			10
Earnings (loss) from continuing operations	$	691	$	(52	)	$	639
Assets	$	8,405	$	746		$	9,151
Goodwill	2,432		314			2,746

As of and for the year ended December 31, 2016:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,723	$	—		$	4,723
Other revenues	2,128		288			2,416
Revenues from external customers	6,851		288			7,139
Interest and investment income (loss), including realized gains and losses	127		(9		)	118
Total revenues	6,978		279			7,257
Depreciation and amortization	148		12			160
Interest expense	—		64			64
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	1,025		(70		)	955
Income tax expense (benefit)	386		(39		)	347
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	639		(31		)	608
Equity in earnings of unconsolidated affiliates	13		1			14
Earnings (loss) from continuing operations	$	652	$	(30	)	$	622
Assets	$	8,756	$	5,765		$	14,521
Goodwill	2,345		210			2,555

As of and for the year ended December 31, 2015:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,286	$	—		$	4,286
Other revenues	2,005		241			2,246
Revenues from external customers	6,291		241			6,532
Interest and investment income (loss), including realized gains and losses	137		(5		)	132
Total revenues	6,428		236			6,664
Depreciation and amortization	144		6			150
Interest expense	—		73			73
Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates	836		(66		)	770
Income tax expense (benefit)	305		(31		)	274
Earnings (loss) from continuing operations, before equity in earnings (loss) of unconsolidated affiliates	531		(35		)	496
Equity in earnings (loss) of unconsolidated affiliates	6		(1		)	5
Earnings (loss) from continuing operations	$	537	$	(36	)	$	501
Assets	$	8,533	$	5,510		$	14,043
Goodwill	2,303		45			2,348

Supplemental Cash Flow Information (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Schedule of Supplemental Cash Flow information

The following supplemental cash flow information is provided with respect to certain non-cash investing and financing activities.



	Three months ended March 31,
	2018			2017
Cash paid for:
Interest	$	15		$	30
Income taxes	2			14
Non-cash investing and financing activities:
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$	11		$	(9	)
Change in purchases of investments available for sale payable in period	(4		)	1

Financing activities:
Accrual for unsettled debt service payments related to the Notes	$	—		$	9
Accrual for the equity portion of unsettled repurchases of the Notes	—			12

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



	Year Ended December 31,
	2017			2016		2015
	(In millions)
Cash paid during the year:
Interest	$	102		$	125	$	124
Income taxes	528			367		250

Non-cash investing and financing activities:
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$	3		$	7	$	(25	)
Change in purchases of investments available for sale payable in period	(9		)	19		(2		)

Financing activities:
Liabilities assumed in connection with acquisitions (1):
Fair value of net assets acquired	$	595		$	625	$	155
Less: Total purchase price	481			557		111
Liabilities and noncontrolling interests assumed	$	114		$	68	$	44
Change in treasury stock purchases payable in period	$	—		$	8	$	(7	)

_____________________________________

(1) See Note B Acquisitions for further discussion of assets and liabilities acquired in business combinations in the current year.

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Our revenue consists of:



			Three months ended March 31,
			2018		2017
Revenue Stream	Income Statement Classification	Segment	Total Revenue
Revenue from insurance contracts:			(in millions)
Title insurance premiums	Direct title insurance premiums; Agency title insurance premiums	Title	$	1,036	$	1,048
Home warranty	Escrow, title-related and other fees	Title	45		41
Total revenue from insurance contracts			1,081		1,089
Revenue from contracts with customers:
Escrow fees	Escrow, title-related and other fees	Title	183		174
Other title-related fees and income	Escrow, title-related and other fees	Title	140		138
ServiceLink, excluding title premiums, escrow fees, and subservicing fees	Escrow, title-related and other fees	Title	94		106
Real estate brokerage	Escrow, title-related and other fees	Corporate and other	76		57
Real estate technology	Escrow, title-related and other fees	Corporate and other	25		15
Other	Escrow, title-related and other fees	Corporate and other	2		2
Total revenue from contracts with customers			520		492
Other revenue:
Loan subservicing revenue	Escrow, title-related and other fees	Title	53		38
Interest and investment income	Interest and investment income	Various	38		28
Realized gains and losses, net	Realized gains and losses, net	Various	1		(4		)
Total revenues	Total revenues		1,693		1,643

Information about Receivables and Deferred Revenue

The following table provides information about receivables and deferred revenue:



	March 31,		December 31,
	2018		2017
	(In millions)
Trade receivables	$	288	$	292
Deferred revenue (contract liabilities)	102		107

Discontinued Operations (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Summary of Operations Included in Discontinued Operations

A summary of the operations of FNFV included in discontinued operations is shown below:



	Three months ended March 31,

	2017
	(Unaudited)
Revenues:
Escrow, title-related and other fees	$	49
Restaurant revenue	273
Interest and investment income	1
Realized gains and losses, net	5
Total revenues	328
Expenses:
Personnel costs	46
Other operating expenses	25
Cost of restaurant revenue	236
Depreciation and amortization	16
Interest expense	4
Total expenses	327
Earnings from discontinued operations before income taxes	1
Income tax expense	(2		)
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	3
Equity in (losses) earnings of unconsolidated affiliates	(4		)
Net earnings (loss) from discontinued operations	(1		)
Less: Net earnings attributable to non-controlling interests	(2		)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	1

Cash flow from discontinued operations data:
Net cash provided by operations	$	15
Net cash used in investing activities	(27		)

A reconciliation of the operations of Black Knight to the Statement of Operations is shown below (in millions):



	Three months ended March 31,
	Three months ended March 31,
	2017
	(Unaudited)
Revenues:
Escrow, title-related and other fees	$	248
Realized gains and losses, net	(2		)
Total revenues	246
Expenses:
Personnel costs	101
Other operating expenses	45
Depreciation and amortization	53
Interest expense	15
Total expenses	214
Earnings from discontinued operations before income taxes	32
Income tax expense	10
Net earnings from discontinued operations	22
Less: Net earnings attributable to non-controlling interests	12
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	10

Cash flow from discontinued operations data:
Net cash provided by operations	$	49
Net cash used in investing activities	(16		)

A summary of the operations of FNFV included in discontinued operations is shown below:



	Year Ended December 31,
	2017			2016			2015
Revenues:	(in millions)
Escrow, title-related and other fees	$	111		$	168		$	204
Restaurant revenue	981			1,158			1,412
Interest and investment income	5			3			2
Realized gains and losses, net	277			6			(19		)
Total revenues	1,374			1,335			1,599
Expenses:
Personnel costs	148			165			158
Other operating expenses	94			106			167
Cost of restaurant revenue	861			984			1,195
Depreciation and amortization	51			63			65
Interest expense	9			10			8
Total expenses	1,163			1,328			1,593
Earnings from discontinued operations before income taxes	211			7			6
Income tax expense (benefit)	103			(11		)	(19		)
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	108			18			25
Equity in losses of unconsolidated affiliates	(12		)	(22		)	(22		)
Net earnings (loss) from discontinued operations	96			(4		)	3
Less: Net (losses) earnings attributable to non-controlling interests	(13		)	—			16
Net earnings (loss) attributable to Fidelity National Financial, Inc. common shareholders	$	109		$	(4	)	$	(13	)

Cash flow from discontinued operations data:
Net cash (used in) provided by operations	$	(134	)	$	81		$	29
Net cash (used in) provided by investing activities	(11		)	67			166

A summary of the operations of Black Knight included in discontinued operations is shown below:



	Year Ended December 31,
	2017			2016			2015
Revenues:	(in millions)
Escrow, title-related and other fees	$	745		$	963		$	874
Realized gains and losses, net	(13		)	—			(5		)
Total revenues	732			963			869
Expenses:
Personnel costs	292			393			377
Other operating expenses	145			190			156
Depreciation and amortization	154			208			195
Interest expense	42			62			49
Total expenses	633			853			777
Earnings from discontinued operations before income taxes	99			110			92
Income tax expense	40			36			35
Net earnings from discontinued operations	59			74			57
Less: Net earnings attributable to non-controlling interests	36			47			28
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	23		$	27		$	29

Cash flow from discontinued operations data:
Net cash provided by operations	$	240		$	326		$	248
Net cash used in investing activities	(46		)	(230		)	(103		)

Reconciliation of Net Earnings of Discontinued Operations to the Statement of Operations

A reconciliation of the net earnings of Black Knight and FNFV to the Statement of Earnings is shown below:



	Three months ended March 31,
	Three months ended March 31,
	2017
	(Unaudited)
Earnings from discontinued operations attributable to Black Knight	$	22
Loss from discontinued operations attributable to FNFV	(1		)
Net earnings from discontinued operations, net of tax	$	21

A reconciliation of the net earnings of Black Knight and FNFV to the Statement of Operations is shown below:



	Year Ended December 31,
	2017		2016			2015
	(in millions)
Earnings from discontinued operations attributable to Black Knight	$	59	$	74		$	57
Earnings (loss) from discontinued operations attributable to FNFV	96		(4		)	3
Total earnings from discontinued operations, net of tax	$	155	$	70		$	60

Basis of Financial Statements - Recent Developments (Details) - Stewart Information Services Corporation $ / shares in Units, $ in Millions	Mar. 18, 2018 USD ($) $ / shares
Business Acquisition [Line Items]
Terms, Merger Agreement, required to divest assets or businesses, revenue (if exceeds)	$ 75
Terms, Merger Agreement, required to divest assets or businesses, revenue cap	225
Reverse break-up fee if Merger not completed	50
Consideration for acquisition	1,200
Consideration transferred, net debt assumed	$ 109
Proforma debt to capital (no more than)	0.20
Minimum
Business Acquisition [Line Items]
Consideration, per share of common stock (in dollars per share) \| $ / shares	$ 25.00
Acquisition, stock exchange ratio	0.6425
Purchase price adjusted down on a pro-rata basis to a minimum purchase price (in dollars per share) \| $ / shares	$ 45.50
Maximum
Business Acquisition [Line Items]
Consideration, per share of common stock (in dollars per share) \| $ / shares	$ 50.00
Acquisition, stock exchange ratio	1.2850

Basis of Financial Statements - Earnings Per Share (Details) - shares	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Antidilutive options (in shares)	0	0	0	2,000,000	1,000,000

Basis of Financial Statements - Income Tax (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Effective tax rate, percent	24.40%	54.40%
Tax Cuts And Jobs Act Of 2017, change in judgment, tax deductibility of legal settlements, income tax expense			$ 21

Basis of Financial Statements - Discontinued Operations (Details) shares in Millions	Nov. 17, 2017 $ / shares	Sep. 29, 2017 shares
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock, par value (in usd per share)	$ 0.0001
FNFV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock, par value (in usd per share)	$ 0.0001
Number of shares of newly formed entity received for each outstanding share redeemed (in shares)	1
BK Distribution \| Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock shares of subsidiary, transferred to shareholders \| shares		83.3
Acquisition, stock exchange ratio		0.30663

Basis of Financial Statements - Other Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Cash Provided by (Used in) Operating Activities	$ 18	$ 4	$ 737	$ 1,162	$ 953
Other long-term investments	135		110	42
Increase in cash from investing activities	(32)	224	79	(191)	(681)
Increase in cash from financing activities	$ (136)	(249)	(1,029)	(428)	(193)
Accounting Standards Update 2016-01
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment on opening retained earning			(19)
Other long-term investments			(19)
Accounting Standards Update 2016-18
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Cash Provided by (Used in) Operating Activities					2
Increase in net change in cash and cash equivalents		67	144	223	(29)
Increase in cash from investing activities		179	174	63	(110)
Increase in cash from financing activities		112	(30)	$ 160	$ 79
ASU 2016-18, movement of cash paid for investments pledged against secured trust deposits
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Cash Provided by (Used in) Operating Activities		(179)
ASU 2016-18, movement of the change in secured trust deposits
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Cash Provided by (Used in) Operating Activities		$ (112)
Accumulated Other Comprehensive Income \| Accounting Standards Update 2016-01
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment on opening retained earning			109
Retained Earnings \| Accounting Standards Update 2016-01
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment on opening retained earning			$ (128)

Summary of Reserve for Claims Losses (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Beginning balance	$ 1,490		$ 1,487		$ 1,487	$ 1,583	$ 1,621
Change in reinsurance recoverable	0		(4)		(4)	(8)	1
Claim loss provision related to:
Current year	47		51		219	236	224
Prior years	0		1		19	(79)	22
Total title claim loss provision	47		52		238	157	246
Claims paid, net of recoupments related to:
Current year	(1)		(1)		(8)	(10)	(7)
Prior years	(50)		(50)		(223)	(235)	(278)
Total title claims paid, net of recoupments	(51)		(51)		(231)	(245)	(285)
Ending balance of claim loss reserve for title insurance	$ 1,486	$ 1,490	$ 1,484	$ 1,487	$ 1,490	$ 1,487	$ 1,583
Provision for title insurance claim losses as a percentage of title insurance premiums	4.50%	4.50%	5.00%	5.00%	4.90%	3.30%	5.70%

Fair Value Measurements Fair Value Hierarchy for Assets and Liabilities Measured on a Recurring Basis (Details)	Mar. 31, 2018 USD ($) price firm	Dec. 31, 2017 USD ($) price firm	Dec. 31, 2016 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	$ 1,782,000,000	$ 1,816,000,000	$ 2,407,000,000
Total assets	$ 1,782,000,000	$ 2,816,000,000	3,108,000,000
Number of firms utilized \| firm	1	1
Number of prices relied upon \| price		1
U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	$ 245,000,000	$ 195,000,000	117,000,000
State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	230,000,000	391,000,000	615,000,000
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,196,000,000	1,117,000,000	1,508,000,000
Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	53,000,000	56,000,000
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	58,000,000	57,000,000	109,000,000
Preferred securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	316,000,000	319,000,000	315,000,000
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	$ 677,000,000	681,000,000	386,000,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of prices relied upon \| price	1
Assets held at fair value	$ 0	0	0
Liabilities held at fair value	0	0	0
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,876,000,000	2,816,000,000	3,108,000,000
Fair Value, Measurements, Recurring \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	245,000,000	195,000,000	117,000,000
Fair Value, Measurements, Recurring \| State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	230,000,000	391,000,000	615,000,000
Fair Value, Measurements, Recurring \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,196,000,000	1,117,000,000	1,508,000,000
Fair Value, Measurements, Recurring \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	53,000,000	56,000,000	58,000,000
Fair Value, Measurements, Recurring \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	58,000,000	57,000,000	109,000,000
Fair Value, Measurements, Recurring \| Preferred securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	316,000,000	319,000,000	315,000,000
Fair Value, Measurements, Recurring \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	677,000,000	681,000,000	386,000,000
Fair Value, Measurements, Recurring \| Other long-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	101,000,000
Fair Value, Measurements, Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	700,000,000	704,000,000	418,000,000
Fair Value, Measurements, Recurring \| Level 1 \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Fair Value, Measurements, Recurring \| Level 1 \| State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Preferred securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	23,000,000	23,000,000	32,000,000
Fair Value, Measurements, Recurring \| Level 1 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	677,000,000	681,000,000	386,000,000
Fair Value, Measurements, Recurring \| Level 1 \| Other long-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0
Fair Value, Measurements, Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,062,000,000	2,112,000,000	2,690,000,000
Fair Value, Measurements, Recurring \| Level 2 \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	245,000,000	195,000,000	117,000,000
Fair Value, Measurements, Recurring \| Level 2 \| State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	230,000,000	391,000,000	615,000,000
Fair Value, Measurements, Recurring \| Level 2 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,183,000,000	1,117,000,000	1,508,000,000
Fair Value, Measurements, Recurring \| Level 2 \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	53,000,000	56,000,000	58,000,000
Fair Value, Measurements, Recurring \| Level 2 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	58,000,000	57,000,000	109,000,000
Fair Value, Measurements, Recurring \| Level 2 \| Preferred securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	293,000,000	296,000,000	283,000,000
Fair Value, Measurements, Recurring \| Level 2 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0	0
Fair Value, Measurements, Recurring \| Level 2 \| Other long-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0
Fair Value, Measurements, Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	114,000,000	0	0
Fair Value, Measurements, Recurring \| Level 3 \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Fair Value, Measurements, Recurring \| Level 3 \| State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	13,000,000	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	0	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Preferred securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	0	$ 0	$ 0
Fair Value, Measurements, Recurring \| Level 3 \| Other long-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, at fair value	$ 101,000,000

Fair Value Measurements - Summary of Changes in Fair Value of Level 3 Assets Measured on a Recurring Basis (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018 USD ($)
Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, December 31, 2017	$ 0
Transfers from Level 2	13
Paid-in-kind dividends	1
Total	114
Fair Value, Measurements, Recurring \| Accounting Standards Update 2016-01
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of assets associated with the adoption of ASU 2016-01	100
Fair Value, Measurements, Recurring \| Other long-term investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, December 31, 2017	0
Transfers from Level 2	0
Paid-in-kind dividends	1
Total	101
Fair Value, Measurements, Recurring \| Other long-term investments \| Accounting Standards Update 2016-01
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of assets associated with the adoption of ASU 2016-01	100
Fair Value, Measurements, Recurring \| Corporate debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, December 31, 2017	0
Transfers from Level 2	13
Paid-in-kind dividends	0
Total	13
Fair Value, Measurements, Recurring \| Corporate debt securities \| Accounting Standards Update 2016-01
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of assets associated with the adoption of ASU 2016-01	$ 0
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value, discount rate	8.00%

Investments - Schedule of Carrying Amount and Fair Value of Available for Sale Securities (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fixed maturity securities available for sale:
Carrying Value	$ 1,782	$ 1,816	$ 2,407
Cost Basis	1,788	1,806
Total
Total assets	1,782	2,816	3,108
Cost Basis	1,788	2,630	2,986
Unrealized Gains	10	201	140
Unrealized Losses	(16)	(15)	(18)
U.S. government and agencies
Fixed maturity securities available for sale:
Carrying Value	245	195	117
Cost Basis	247	196	117
Unrealized Gains	0	0	0
Unrealized Losses	(2)	(1)	0
State and political subdivisions
Fixed maturity securities available for sale:
Carrying Value	230	391	615
Cost Basis	227	387	607
Unrealized Gains	3	4	9
Unrealized Losses	0	0	(1)
Corporate debt securities
Fixed maturity securities available for sale:
Carrying Value	1,196	1,117	1,508
Cost Basis	1,201	1,110	1,499
Unrealized Gains	6	11	15
Unrealized Losses	(11)	(4)	(6)
Mortgage-backed/asset-backed securities
Fixed maturity securities available for sale:
Carrying Value	53	56
Cost Basis	53	55
Unrealized Gains	1	1
Unrealized Losses	(1)	0
Foreign government bonds
Fixed maturity securities available for sale:
Carrying Value	58	57	109
Cost Basis	60	58	117
Unrealized Gains	0	1	0
Unrealized Losses	(2)	(2)	(8)
Preferred securities
Available-for-sale equity securities
Carrying Value	316	319	315
Cost Basis		307	312
Unrealized Gains		12	6
Unrealized Losses		0	(3)
Total
Unrealized Gains		12
Equity securities
Available-for-sale equity securities
Carrying Value	$ 677	681	386
Cost Basis		517	278
Unrealized Gains		172	108
Unrealized Losses		$ (8)	$ 0

Investments - Maturity of Fixed Maturity Securities (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Amortized Cost
One year or less	$ 445	$ 496
After one year through five years	1,269	1,219
After five years through ten years	16	31
After ten years	5	5
Mortgage-backed/asset-backed securities	53	55
Cost Basis	$ 1,788	$ 1,806
Amortized Cost, % of Total
One year or less	25.00%	27.50%
After one year through five years	71.00%	67.50%
After five years through ten years	1.00%	1.70%
After ten years	0.00%	0.30%
Mortgage-backed/asset-backed securities	3.00%	3.00%
Total	100.00%	100.00%
Fair Value
One year or less	$ 444	$ 496
After one year through five years	1,264	1,227
After five years through ten years	16	32
After ten years	5	5
Mortgage-backed/asset-backed securities	53	56
Total	$ 1,782	$ 1,816	$ 2,407
Fair Value, % of Total
One year or less	25.00%	27.30%
After one year through five years	71.00%	67.50%
After five years through ten years	1.00%	1.80%
After ten years	0.00%	0.30%
Mortgage-backed/asset-backed securities	3.00%	3.10%
Total	100.00%	100.00%

Investments - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fair Value
Less than 12 Months	$ 1,088	$ 734	$ 657
12 Months or Longer	51	66	73
Total	1,139	800	730
Unrealized Losses
Less than 12 Months	(12)	(11)	(11)
12 Months or Longer	(4)	(4)	(7)
Total	(16)	(15)	(18)
U.S. government and agencies
Fair Value
Less than 12 Months	210	149
12 Months or Longer	0	0
Total	210	149
Unrealized Losses
Less than 12 Months	(2)	(1)
12 Months or Longer	0	0
Total	(2)	(1)
Corporate debt securities
Fair Value
Less than 12 Months	830	464	410
12 Months or Longer	44	51	11
Total	874	515	421
Unrealized Losses
Less than 12 Months	(8)	(3)	(4)
12 Months or Longer	(3)	(1)	(2)
Total	(11)	(4)	(6)
Foreign government bonds
Fair Value
Less than 12 Months	19	0	85
12 Months or Longer	7	10	20
Total	26	10	105
Unrealized Losses
Less than 12 Months	(1)	0	(4)
12 Months or Longer	(1)	(2)	(4)
Total	(2)	(2)	$ (8)
Mortgage-backed/asset-backed securities
Fair Value
Less than 12 Months	29
12 Months or Longer	0
Total	29
Unrealized Losses
Less than 12 Months	(1)
12 Months or Longer	0
Total	$ (1)
Equity securities
Fair Value
Less than 12 Months		121
12 Months or Longer		5
Total		126
Unrealized Losses
Less than 12 Months		(7)
12 Months or Longer		(1)
Total		$ (8)

Investments - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
Investments - Narrative (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Impairment charges related to investments	$ 0	$ 0	$ 1,000,000	$ 19,000,000	$ 14,000,000
Available-for-sale, amount held with previously recognized other than temporary impairments	$ 0		$ 0	$ 7,000,000

Investments - Realized Gains and Losses and Proceeds on Investments and Other Assets (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property and equipment
Net Realized Gains (Losses)	$ 5		$ (1)	$ (1)
Gross Proceeds from Sale/Maturity	21		0	0
Loss on debt redemptions
Loss on debt redemptions		$ (2)	(6)
Gross Proceeds from Sale/Maturity		0	0
Other realized gains and losses, net
Net Realized Gains (Losses)		(2)	(1)	(3)	$ 11
Gross Proceeds from Sale/Maturity		0	0	6	0
Total
Net Realized Gains (Losses)	1	(4)	2	(8)	11
Gross Proceeds from Sale/Maturity	319	236	1,003	689	1,185
Fixed maturity securities available for sale
Available-for-sale Securities
Gross Realized Gains	3	3	7	4	14
Gross Realized Losses	0	(3)	(8)	(16)	(17)
Net Realized Gains (Losses)	3	0	(1)	(12)	(3)
Gross Proceeds from Sale/Maturity	298	$ 236	968	624	1,076
Equity securities
Available-for-sale Securities
Gross Realized Gains				11	13
Gross Realized Losses				(1)	(11)
Net Realized Gains (Losses)	(4)			10	2
Gross Proceeds from Sale/Maturity	0			50	51
Preferred securities
Available-for-sale Securities
Gross Realized Gains			0	1	1
Gross Realized Losses			0	0	0
Net Realized Gains (Losses)	(3)		0	1	1
Gross Proceeds from Sale/Maturity	$ 0		$ 10	$ 9	$ 58

Notes Payable - Schedule of Long Term Debt (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Nov. 17, 2017	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Aug. 28, 2012	Aug. 02, 2011
Debt Instrument [Line Items]
Notes payable		$ 748	$ 759	$ 987
Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)	4.50%
Unsecured notes \| Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022
Debt Instrument [Line Items]
Notes payable		$ 398	$ 397	397
Stated interest rate		5.50%	5.50%		5.50%
Convertible Notes \| Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018
Debt Instrument [Line Items]
Notes payable		$ 53	$ 65	291
Stated interest rate		4.25%	4.25%			4.25%
Line of Credit \| Revolving Credit Facility, unsecured, unused portion of $500, due April 2022 with interest payable quarterly at LIBOR 1.40% (3.12% at March 31, 2018) \| Revolving Credit Facility
Debt Instrument [Line Items]
Notes payable		$ 295	$ 295
Unused portion		$ 500
Line of Credit \| Revolving Credit Facility, unsecured, unused portion of $500, due April 2022 with interest payable quarterly at LIBOR 1.40% (3.12% at March 31, 2018) \| Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)		1.40%	1.40%
Line of credit facility, interest rate at period end		3.12%	2.76%
Other
Debt Instrument [Line Items]
Notes payable		$ 2	$ 2	$ 2

Notes Payable - Long Term Debt Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Fair value of long term debt	$ 899	$ 940
Excess fair value over carrying value of long-term debt	144	173
Debt issuance costs, net	7
Level 2 \| Unsecured notes
Debt Instrument [Line Items]
Fair value of long term debt	$ 597	$ 638

Notes Payable - Existing Credit Agreement (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017	Nov. 17, 2017	Dec. 31, 2016	Jun. 25, 2013
Debt Instrument [Line Items]
Notes payable	$ 748,000,000	$ 759,000,000		$ 987,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility			$ 100,000,000
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility, unsecured, unused portion of $500, due April 2022 with interest payable quarterly at LIBOR 1.40% (3.12% at March 31, 2018)
Debt Instrument [Line Items]
Line of credit facility					$ 800,000,000
Notes payable	295,000,000	$ 295,000,000
Unamortized debt issuance costs	5,000,000
Remaining borrowing capacity	$ 500,000,000

Notes Payable - 5.50% Notes (Details) - Unsecured notes - 5.50% notes due September 2022 - USD ($)	Mar. 31, 2018	Dec. 31, 2017	Aug. 28, 2012
Debt Instrument [Line Items]
Amount of debt instrument			$ 400,000,000
Stated interest rate	5.50%	5.50%	5.50%

Notes Payable - 4.25% Notes (Details) - USD ($)		1 Months Ended	3 Months Ended		12 Months Ended
Notes Payable - 4.25% Notes (Details) - USD ($)	Oct. 01, 2013	Aug. 31, 2018	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Aug. 02, 2011
Debt Instrument [Line Items]
Amount of debt repurchased					$ 230,000,000	$ 549,000,000
Expected payment of notes			$ 15,000,000	$ 69,000,000	996,000,000	$ 200,000,000	$ 1,359,000,000
Gain on payment of debt				$ (2,000,000)	$ (6,000,000)
Convertible Notes \| 4.25% convertible senior notes due August 2018
Debt Instrument [Line Items]
Amount of debt instrument								$ 300,000,000
Stated interest rate			4.25%		4.25%			4.25%
If-converted percentage in excess of price	130.00%
Repurchased note face amount			$ 16,000,000
Amount of debt repurchased			$ 47,000,000
Scenario, Forecast \| Convertible Notes \| 4.25% convertible senior notes due August 2018
Debt Instrument [Line Items]
Expected payment of notes		$ 163,000,000
Gain on payment of debt		$ 6,000,000

Notes Payable - Principal Maturities of Notes Payable (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Maturities of Long-term Debt [Abstract]
2018 (remaining)	$ 54
2019	0	$ 0
2020	1	1
2021	0	0
2022	700	700
Thereafter	0	0
Total Long Term Debt	$ 755	$ 767

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Accrual for legal and regulatory matters	$ 11	$ 2	$ 68

Commitments and Contingencies - Schedule of Future Minimum Operating Lease Commitments (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
2018 (remaining)	$ 115
2019	135	$ 127
2020	106	98
2021	78	71
2022	53	46
Thereafter	51	44
Total future minimum operating lease payments	$ 538	$ 536

Dividends (Details)	May 02, 2018 $ / shares
FNF Group Common Stock \| Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared (in usd per share)	$ 0.3

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Title premiums	$ 1,036	$ 1,048
Other revenues	618	571	$ 2,637	$ 2,416	$ 2,246
Revenues from external customers	1,654	1,619
Interest and investment income, including realized gains and losses	39	24
Total revenues	1,693	1,643	7,663	7,257	6,664
Depreciation and amortization	47	43	183	160	150
Interest expense	11	16	48	64	73
Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates	127	128	864	955	770
Income tax expense (benefit)	31	69	235	347	274
Earnings from continuing operations before equity in earnings of unconsolidated affiliates	96	59	629	608	496
Equity in earnings (losses) earnings of unconsolidated affiliates	2	1	10	14	5
Net earnings from continuing operations	98	60	639	622	501
Assets	9,018	14,178	9,151	14,521
Goodwill	2,747	2,562	$ 2,746	$ 2,555	$ 2,348
Corporate and Other
Segment Reporting Information [Line Items]
Title premiums	0	0
Other revenues	102	75
Revenues from external customers	102	75
Interest and investment income, including realized gains and losses	1	(2)
Total revenues	103	73
Depreciation and amortization	7	5
Interest expense	11	16
Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates	(36)	(23)
Income tax expense (benefit)	(9)	(9)
Earnings from continuing operations before equity in earnings of unconsolidated affiliates	(27)	(14)
Equity in earnings (losses) earnings of unconsolidated affiliates	1	(1)
Net earnings from continuing operations	(26)	(15)
Assets	742	5,914
Goodwill	313	215
Operating Segments \| Title
Segment Reporting Information [Line Items]
Title premiums	1,036	1,048
Other revenues	516	496
Revenues from external customers	1,552	1,544
Interest and investment income, including realized gains and losses	38	26
Total revenues	1,590	1,570
Depreciation and amortization	40	38
Interest expense	0	0
Earnings (loss) from continuing operations, before income taxes and equity in earnings (loss) of unconsolidated affiliates	163	151
Income tax expense (benefit)	40	78
Earnings from continuing operations before equity in earnings of unconsolidated affiliates	123	73
Equity in earnings (losses) earnings of unconsolidated affiliates	1	2
Net earnings from continuing operations	124	75
Assets	8,276	8,264
Goodwill	$ 2,434	$ 2,347

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash paid for:
Interest	$ 15	$ 30	$ 102	$ 125	$ 124
Income taxes	2	14		367	250
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	11	(9)	$ (3)	$ (7)	$ 25
Change in purchases of investments available for sale payable in period	(4)	1
Financing activities:
Accrual for unsettled debt service payments related to the Notes	0	9
Accrual for the equity portion of unsettled repurchases of the Notes	$ 0	$ 12

Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
Revenue Recognition (Details) - USD ($) $ in Millions	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 520	$ 492
Interest and investment income	38	28	$ 131	$ 126	$ 121
Realized gains and losses, net	1	(4)	2	(8)	11
Total revenues	1,693	1,643	$ 7,663	$ 7,257	$ 6,664
Title
Disaggregation of Revenue [Line Items]
Fees and Commissions, Mortgage Banking and Servicing	53	38
Title \| Title insurance premiums
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1,036	1,048
Title \| Home warranty
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	45	41
Title \| Insurance Contracts
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1,081	1,089
Title \| Escrow fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	183	174
Title \| Other Title Related Fees And Income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	140	138
Title \| ServiceLink, excluding title premiums, escrow fees, and subservicing fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	94	106
Corporate and Other \| Real estate brokerage
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	76	57
Corporate and Other \| Real estate technology
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	25	15
Corporate and Other \| Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 2	$ 2

Revenue Recognition - Information about Receivables and Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Trade receivables	$ 288	$ 292
Deferred revenue (contract liabilities)	$ 102	$ 107
Policy period	1 year
Revenue recognized	$ 46

Discontinued Operations - Reconciliation of Operations of Black Knight to the Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Expenses:
Income tax expense			$ 144	$ 25	$ 16
Net earnings (loss) from discontinued operations	$ 0	$ 21	155	70	60
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	0	10
Black Knight Financial Services, Inc. \| Discontinued Operations
Revenues:
Escrow, title-related and other fees	248		745	963	874
Realized gains and losses, net	(2)		(13)	0	(5)
Total revenues	246		732	963	869
Expenses:
Personnel costs	101		292	393	377
Other operating expenses	45		145	190	156
Depreciation and amortization	53		154	208	195
Interest expense	15		42	62	49
Total expenses	214		633	853	777
Earnings from discontinued operations before income taxes	32		99	110	92
Income tax expense	10		40	36	35
Net earnings (loss) from discontinued operations		$ 22	59	74	57
Less: Net earnings attributable to non-controlling interests	12		36	47	28
Net earnings attributable to Fidelity National Financial, Inc. common shareholders			23	27	29
Cash flow from discontinued operations data:
Net cash provided by operations	49		240	326	248
Net cash used in investing activities	$ (16)		$ (46)	$ (230)	$ (103)

Discontinued Operations - FNFV (Details) - USD ($)			12 Months Ended
Discontinued Operations - FNFV (Details) - USD ($)	Nov. 17, 2017	Nov. 16, 2017	Dec. 31, 2017
Revolving Credit Facility
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Aggregate principal amount (up to)	$ 100,000,000
Matures on anniversary of the date of the revolver note (in years)	5 years
Automatic extension for additional term (in years)	5 years
Revolving Credit Facility \| LIBOR
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Basis spread on variable rate (as percent)	4.50%
FNFV \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Aggregate consideration to Cannae in exchange transaction		$ 100,000,000
Shares issued in exchange (in shares)		5,706,134
Outstanding common equity owned			8.10%

Discontinued Operations - Summary of Operations of Disposal Group Included in Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Expenses:
Income tax expense			$ (144)	$ (25)	$ (16)
Earnings from continuing operations before equity in earnings of unconsolidated affiliates	$ 96	$ 59	629	608	496
Equity in earnings (losses) earnings of unconsolidated affiliates	2	1	10	14	5
Net earnings (loss) from discontinued operations	0	21	155	70	60
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$ 0	10
FNFV \| Discontinued Operations
Revenues:
Escrow, title-related and other fees		49	111	168	204
Restaurant revenue		273	981	1,158	1,412
Interest and investment income		1	5	3	2
Realized gains and losses, net		5	277	6	(19)
Total revenues		328	1,374	1,335	1,599
Expenses:
Personnel costs		46	148	165	158
Other operating expenses		25	94	106	167
Cost of restaurant revenue		236	861	984	1,195
Depreciation and amortization		16	51	63	65
Interest expense		4	9	10	8
Total expenses		327	1,163	1,328	1,593
Earnings from discontinued operations before income taxes		1	211	7	6
Income tax expense		(2)	(103)	11	19
Earnings from continuing operations before equity in earnings of unconsolidated affiliates		3	108	18	25
Equity in earnings (losses) earnings of unconsolidated affiliates		(4)	(12)	(22)	(22)
Net earnings (loss) from discontinued operations		(1)	96	(4)	3
Less: Net earnings attributable to non-controlling interests		(2)	(13)	0	16
Net earnings attributable to Fidelity National Financial, Inc. common shareholders		1	109	(4)	(13)
Cash flow from discontinued operations data:
Net cash provided by operations		15	(134)	81	29
Net cash used in investing activities		$ (27)	$ (11)	$ 67	$ 166

Discontinued Operations - Reconciliation of Net Earnings of Discontinued Operations to the Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net earnings from discontinued operations	$ 0	$ 21	$ 155	$ 70	$ 60
Black Knight Financial Services, Inc. \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net earnings from discontinued operations		22	59	74	57
FNFV \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net earnings from discontinued operations		$ (1)	$ 96	$ (4)	$ 3