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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2018	Jan. 31, 2019	Jun. 30, 2018
Document and Entity Information [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Trading Symbol	FNF
Entity Registrant Name	Fidelity National Financial, Inc.
Entity Central Index Key	0001331875
Current Fiscal Year End Date	--12-31
Entity Well-Known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding - FNF Group		275,331,260
Entity Public Float			$ 9,889,644,127

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Investments:
Fixed maturities available for sale, at fair value, at December 31, 2018 and 2017, includes pledged fixed maturities of $418 and $364, respectively, related to secured trust deposits	$ 1,998	$ 1,816
Investments in unconsolidated affiliates	137	150
Other long-term investments	135	110
Short-term investments, includes pledged short term investments of $8 and $3 at December 31, 2018 and 2017, respectively, related to secured trust deposits	480	295
Total investments	3,549	3,371
Cash and cash equivalents, at December 31, 2018 and 2017, includes pledged cash of $412 and $475, respectively, related to secured trust deposits	1,257	1,110
Trade and notes receivables, net of allowance of $19 and $18 at December 31, 2018 and 2017, respectively	306	317
Goodwill	2,726	2,746
Prepaid expenses and other assets	377	398
Other intangible assets, net	513	618
Title plants	405	398
Property and equipment, net	164	193
Income taxes receivable	4	0
Total assets	9,301	9,151
Liabilities:
Accounts payable and other accrued liabilities	956	955
Income taxes payable	0	137
Notes payable	836	759
Reserve for title claim losses	1,488	1,490
Secured trust deposits	822	830
Deferred tax liability	227	169
Total liabilities	4,329	4,340
Commitments and Contingencies:
Redeemable non-controlling interest by 21% minority holder of ServiceLink Holdings, LLC	344	344
Equity:
Preferred stock, $0.0001 par value; authorized, 50,000,000 shares; issued and outstanding, none	0	0
Additional paid-in capital	4,500	4,587
Retained earnings	641	217
Accumulated other comprehensive (loss) earnings	(13)	111
Less: Treasury stock, 14,227,689 shares and 13,286,567 shares as of December 31, 2018 and 2017, respectively, at cost	(498)	(468)
Total Fidelity National Financial, Inc. shareholders’ equity	4,630	4,447
Noncontrolling interests	(2)	20
Total equity	4,628	4,467
Total liabilities, redeemable non-controlling interest and equity	9,301	9,151
FNF Common Stock
Equity:
FNF common stock, $0.0001 par value; authorized 487,000,000 shares as of December 31, 2018 and 2017; outstanding of 275,373,834 and 274,431,737 as of December 31, 2018 and 2017, respectively; and issued of 289,601,523 and 287,718,304 as of December 31, 2018 and 2017, respectively	0	0
Preferred securities, at fair value
Investments:
Available for sale, at fair value	301	319
Equity securities, at fair value
Investments:
Available for sale, at fair value	$ 498	$ 681

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Pledged fixed maturity securities secured trust deposits	$ 418	$ 364
Customer advances and deposits	8	3
Pledged cash secured trust deposits	412	475
Trade and notes receivables, allowance	$ 19	$ 18
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)	14,277,689	13,286,567
FNF Common Stock
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)	275,373,834	274,431,737
Common stock, shares issued (in shares)	289,601,523	287,718,304
ServiceLink Holdings, LLC
Ownership interest percent	21.00%	21.00%

Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Direct title insurance premiums	$ 2,221	$ 2,170	$ 2,097
Agency title insurance premiums	2,690	2,723	2,626
Escrow, title-related and other fees	2,615	2,637	2,416
Interest and investment income	177	131	126
Realized gains and losses, net	(109)	2	(8)
Total revenues	7,594	7,663	7,257
Expenses:
Personnel costs	2,538	2,460	2,275
Agent commissions	2,059	2,089	1,998
Other operating expenses	1,801	1,781	1,648
Depreciation and amortization	182	183	160
Provision for title claim losses	221	238	157
Interest expense	43	48	64
Total expenses	6,844	6,799	6,302
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	750	864	955
Income tax expense on continuing operations	120	235	347
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	630	629	608
Equity in earnings of unconsolidated affiliates	5	10	14
Net earnings from continuing operations	635	639	622
Earnings from discontinued operations, net of tax	0	155	70
Net earnings	635	794	692
Less: Net earnings attributable to non-controlling interests	7	23	42
Net earnings attributable to entity common shareholders	628	771	650
Income Amounts Attributable to Parent, Disclosures [Abstract]
Net earnings attributable to entity common shareholders	$ 628	$ 771	$ 650
Diluted
Net earnings from continuing operations attributable to FNF Group common shareholders (in usd per share)	$ 2.26	$ 2.30	$ 2.24
Net earnings per share from discontinued operations attributable to Old FNF common shareholders (in usd per share)	$ 0.00	$ 0.08	$ 0.10
FNF Common Stock
Expenses:
Net earnings attributable to entity common shareholders	$ 628	$ 662	$ 654
Income Amounts Attributable to Parent, Disclosures [Abstract]
Net earnings from continuing operations, attributable to common shareholders	628	639	627
Net earnings (loss) from discontinued operations, attributable to common shareholders	0	23	27
Net earnings attributable to entity common shareholders	$ 628	$ 662	$ 654
Basic
Net earnings from continuing operations attributable to FNF Group common shareholders (in usd per share)	$ 2.30	$ 2.36	$ 2.31
Net earnings from discontinued operations attributable to FNF Group common shareholders (in usd per share)	0.00	0.08	0.09
Net earnings (loss) earnings per share (in usd per share)	2.30	2.44	2.40
Diluted
Net earnings (loss) per share attributable to FNF Group common shareholders (in usd per share)	$ 2.26	$ 2.38	$ 2.34
Weighted average shares outstanding, basic basis (in shares)	273	271	272
Weighted average shares outstanding, diluted basis (in shares)	278	278	280
FNFV Group Common Stock
Income Amounts Attributable to Parent, Disclosures [Abstract]
Net earnings (loss) from discontinued operations, attributable to common shareholders		$ 109	$ (4)
Basic
Net earnings (loss) earnings per share (in usd per share)		$ 1.68	$ (0.06)
Diluted
Net earnings (loss) per share from discontinued operations attributable to FNFV Group common shareholders (in usd per share)		$ 1.63	$ (0.06)
Weighted average shares outstanding, basic basis (in shares)		65	67
Weighted average shares outstanding, diluted basis (in shares)		67	70

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net earnings	$ 635.0	$ 794.0	$ 692.0
Other comprehensive (loss) earnings, net of tax:
Unrealized (loss) gain on investments and other financial instruments, net (excluding investments in unconsolidated affiliates)	(11.0)	25.0	38.0
Unrealized gain relating to investments in unconsolidated affiliates	3.0	12.0	10.0
Unrealized (loss) gain on foreign currency translation and cash flow hedging	(8.0)	6.0	2.0
Reclassification adjustments	0.0	3.0	0.0
Minimum pension liability adjustment	1.0	9.0	6.0
Other comprehensive (loss) earnings	(15.0)	55.0	56.0
Comprehensive earnings	620.0	849.0	748.0
Less: Comprehensive earnings attributable to noncontrolling interests	7.0	25.0	41.0
Comprehensive earnings attributable to common shareholders	613.0	824.0	707.0
FNF Common Stock
Other comprehensive (loss) earnings, net of tax:
Comprehensive earnings attributable to common shareholders	613.0	709.0	703.0
FNFV Group Common Stock
Other comprehensive (loss) earnings, net of tax:
Comprehensive earnings attributable to common shareholders		$ 115.0	$ 4.0

Consolidated Statements of Comprehensive Earnings Consolidated Statements of Comprehensive Earnings (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net of tax (benefit) expense	$ (4)	$ 16	$ 23
Net of income tax expense	1	7	6
Net of income tax (benefit) expense	(2)	4	1
Net of income tax expense		(2)
Net of income tax expense (less than)	$ (1)	$ (3)	$ (3)

Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions	Total	BKFS Spinoff	FNFV Spinoff	Additional Paid-In Capital	Retained Earnings	Retained Earnings BKFS Spinoff	Retained Earnings FNFV Spinoff	Accumulated Other Comprehensive Earnings (Loss)	Accumulated Other Comprehensive Earnings (Loss) FNFV Spinoff	Treasury Stock	Treasury Stock FNFV Spinoff	Non-controlling Interests	Non-controlling Interests BKFS Spinoff	Non-controlling Interests FNFV Spinoff	FNF Common Stock Common Stock	FNFV Group Common Stock Common Stock
Beginning balance (shares) at Dec. 31, 2015										15					282	81
Beginning balance at Dec. 31, 2015	$ 6,588.0			$ 4,795.0	$ 1,374.0			$ (69.0)		$ (346.0)		$ 834.0			$ 0.0	$ 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)															2
Exercise of stock options	19.0			19.0
Issuance of restricted stock (shares)															1
Other comprehensive earnings — unrealized (loss) on investments and other financial instruments	37.0							38.0				(1.0)
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates	10.0							10.0
Other comprehensive earnings — unrealized gain on foreign currency and cash flow hedging	2.0							2.0
Other comprehensive earnings — minimum pension liability adjustment	6.0							6.0
Reclassification adjustments	0.0
Stock-based compensation	58.0			36.0								22.0
Shares withheld for taxes and in treasury	(9.0)									$ (9.0)
Purchases of treasury stock (in shares)										12
Purchases of treasury stock	(268.0)									$ (268.0)
Debt conversions settled in cash	(2.0)			(2.0)
Acquisitions of noncontrolling interests	14.0											14.0
Subsidiary dividends paid to noncontrolling interests	(9.0)											(9.0)
Other equity activity	0.0
Dividends declared	(240.0)				(240.0)
Net earnings	692.0				650.0							42.0
Ending balance at Dec. 31, 2016	6,898.0			4,848.0	1,784.0			(13.0)		$ (623.0)		902.0			$ 0.0	$ 0.0
Ending balance (shares) at Dec. 31, 2016										27					285	81
Beginning balance at Dec. 31, 2015	344.0
Ending balance at Dec. 31, 2016	344.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)															2
Exercise of stock options	31.0			31.0
Issuance of restricted stock (shares)															1
Other comprehensive earnings — unrealized (loss) on investments and other financial instruments	27.0							25.0				2.0
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates	12.0							12.0
Other comprehensive earnings — unrealized gain on foreign currency and cash flow hedging	6.0							6.0
Other comprehensive earnings — minimum pension liability adjustment	9.0							9.0
Reclassification adjustments	3.0							3.0
Stock-based compensation	44.0			33.0								11.0
Purchase of additional interest in consolidated subsidiaries	(2.0)			(1.0)								(1.0)
Shares withheld for taxes and in treasury (in shares)										1
Shares withheld for taxes and in treasury	(18.0)									$ (18.0)
Purchases of treasury stock (in shares)										1
Purchases of treasury stock	(23.0)									$ (23.0)
Sale of consolidated subsidiary	(6.0)											(6.0)
Debt conversions settled in cash	(324.0)			(324.0)
Acquisitions of noncontrolling interests	44.0											44.0
Black Knight repurchases of BKFS stock	(47.0)											(47.0)
Spinoff transaction and Distribution		$ (1,624.0)	$ (1,069.0)			$ (823.0)	$ (1,236.0)		$ 69.0		$ 196.0		$ (801.0)	$ (98.0)
Distribution of FNFV to Cannae Holdings (in shares)											(16)					(81)
Subsidiary dividends paid to noncontrolling interests	(9.0)											(9.0)
Other equity activity	0.0
Dividends declared	(279.0)				(279.0)
Net earnings	794.0				771.0							23.0
Ending balance at Dec. 31, 2017	4,467.0			4,587.0	217.0			111.0		$ (468.0)		20.0			$ 0.0	$ 0.0
Ending balance (shares) at Dec. 31, 2017										13					288	0
Ending balance at Dec. 31, 2017	344.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustment for cumulative effect for adoption of ASU 2016-01 \| ASU 2016-01								(109.0)
Exercise of stock options (in shares)															1
Exercise of stock options	19.0			19.0
Issuance of restricted stock (shares)															1
Other comprehensive earnings — unrealized (loss) on investments and other financial instruments	(11.0)							(11.0)				0.0
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates	3.0							3.0
Other comprehensive earnings — unrealized gain on foreign currency and cash flow hedging	(8.0)							(8.0)
Other comprehensive earnings — minimum pension liability adjustment	1.0							1.0
Reclassification adjustments	0.0
Stock-based compensation	31.0			31.0								0.0
Shares withheld for taxes and in treasury (in shares)										0
Shares withheld for taxes and in treasury	(9.0)									$ (9.0)
Purchases of treasury stock (in shares)										1
Purchases of treasury stock	(21.0)									$ (21.0)
Sale of consolidated subsidiary	(25.0)											(25.0)
Debt conversions settled in cash	(134.0)			(134.0)
Dilution resulting from subsidiary equity issuance	2.0			(3.0)								5.0
Subsidiary dividends paid to noncontrolling interests	(10.0)											(10.0)
Other equity activity	(1.0)				(2.0)							1.0
Dividends declared	(330.0)				(330.0)
Net earnings	635.0				628.0							7.0
Ending balance at Dec. 31, 2018	4,628.0			$ 4,500.0	$ 641.0			$ (13.0)		$ (498.0)		$ (2.0)			$ 0.0
Ending balance (shares) at Dec. 31, 2018										14					290
Ending balance at Dec. 31, 2018	$ 344.0

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net earnings	$ 635	$ 794	$ 692
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	182	389	431
Equity in (earnings) losses of unconsolidated affiliates	(5)	2	8
Loss on sales of investments and other assets and asset impairments, net	18	16	2
Gain on sale of business by FNFV Group	0	276	0
Gain on Pacific Union Sale	(4)	0	0
Loss on valuation of equity and preferred securities, net	95	0	0
Stock-based compensation cost	31	44	58
Distributions from unconsolidated affiliates, return on investment	6	0	0
Changes in assets and liabilities, net of effects from acquisitions:
Net decrease (increase) in trade receivables	15	(11)	(14)
Net decrease (increase) in prepaid expenses and other assets	17	(60)	(4)
Net increase (decrease) in accounts payable, accrued liabilities, deferred revenue and other liabilities	38	(31)	87
Net (decrease) increase in reserve for title claim losses	(2)	3	(96)
Net change in income taxes	(83)	(133)	(2)
Net cash provided by operating activities	943	737	1,162
Cash Flows From Investing Activities:
Proceeds from sales of investment securities available for sale	676	434	238
Proceeds from calls and maturities of investment securities available for sale	517	626	452
Proceeds from sales of property and equipment	21	4	6
Proceeds from the sale of cost method and other investments	0	21	36
Additions to property and equipment and capitalized software	(83)	(149)	(290)
Purchases of investment securities available for sale	(1,313)	(659)	(589)
Purchases of other long-term investments	0	(86)	0
Net (purchases of) proceeds from short-term investment activities	(185)	26	547
Additional investments in unconsolidated affiliates	(62)	(78)	(166)
Distributions from unconsolidated affiliates, return of investment	73	104	139
Other investing activities	(1)	(7)	(7)
Cash proceeds from Pacific Union Sale, net of cash transferred	33	0	0
Proceeds from the sale of business by FNFV Group	0	325	0
Acquisition of T-System Holding LLC, net of cash acquired	0	(202)	0
Acquisition of Title Guaranty of Hawaii, net of cash acquired	0	(93)	0
Acquisition of Commissions, Inc., net of cash acquired	0	0	(229)
Acquisition of eLynx Holdings, Inc., net of cash acquired	0	0	(115)
Acquisitions of Real Geeks, LLC and Sky Slope, Inc., net of cash acquired	0	(82)	0
Other acquisitions/disposals of businesses, net of cash acquired/disposed	(30)	(105)	(213)
Net cash (used in) provided by investing activities	(354)	79	(191)
Cash Flows From Financing Activities:
Net change in secured trust deposits	(8)	(30)	160
Borrowings	442	785	132
Debt service payments	(370)	(996)	(200)
Equity portion of debt conversions paid in cash	(142)	(317)	(2)
Black Knight treasury stock repurchases of BKFS stock	0	(47)	0
Cash transferred in the Black Knight spin-off	0	(87)	0
Cash transferred in the FNFV split-off	0	22	0
Dividends paid	(328)	(278)	(239)
Subsidiary dividends paid to noncontrolling interest shareholders	(10)	(9)	(9)
Exercise of stock options	19	31	19
Payment of contingent consideration for prior period acquisitions	(13)	(16)	(4)
Payment for shares withheld for taxes and in treasury	(9)	(18)	(9)
Purchases of treasury stock	(20)	(23)	(276)
Other financing activity	(3)	(2)	0
Net cash provided by (used in) financing activities	(442)	(1,029)	(428)
Net increase (decrease) in cash and cash equivalents	147	(213)	543
Cash and cash equivalents, at beginning of year	1,110	1,323	780
Cash and cash equivalents, at end of year	$ 1,257	$ 1,110	$ 1,323

Business and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Business and Summary of Significant Accounting Policies

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 one of the nation’s largest title insurance companies 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 on businesses comprising our reportable segments, refer to Note R Segment Information.

Recent Developments

Pending Acquisition of Stewart

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 common stock, or (iii) $25.00 in cash and 0.6425 shares of FNF 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.

FNF currently intends to fund the $1.2 billion purchase price, 50% in cash and 50% in FNF common stock, through a combination of cash on hand at FNF, the issuance of FNF common stock to Stewart stockholders, and borrowings under our revolving credit facility, if necessary. Including the assumption of $109 million of Stewart's debt, our pro forma debt to total capital ratio is expected to be no more than approximately 20% at the close of the Stewart Merger.

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 would be required to pay a reverse break-up fee of $50 million to Stewart.

On May 31, 2018, we received a request for additional information and documentary material, often referred to as a “Second Request,” from the United States Federal Trade Commission (the “FTC”) in connection with the FTC’s Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), regulatory review of the Stewart Merger.We continue to work through the regulatory process for the Stewart Merger and are currently engaged in responding to the Second Request related to the FTC's HSR Act regulatory review of the transaction. Responses to nearly all the FTC's requests for information and documentation have been submitted. From December 29, 2018 through January 25, 2019, the FTC suspended its review of the Stewart Merger and the materials related thereto due to a lapse in government funding caused by a partial shutdown of the U.S. Federal Government, potentially creating significant backlog when the FTC resumed its operations on January 28, 2019. As such, we are unable to determine the extent of any such delay in the FTC’s review.

On August 1, 2018, our registration statement on Form S-4 related to the Stewart Merger was declared effective by the U.S. Securities and Exchange Commission (the "SEC").

On August 21, 2018, we received a “no-action letter” from the Canadian Competition Bureau (the “Bureau”), indicating that the Bureau does not intend to oppose the completion of the Stewart Merger.

The special meeting of Stewart stockholders to vote on the Stewart Merger was held on September 5, 2018 and a majority of the Stewart stockholders voted to approve the Stewart Merger. More than 99% of the votes cast, representing approximately 79% of the outstanding shares of Stewart common stock as of July 10, 2018, the record date for the special meeting, were cast in favor of adopting the Merger Agreement.

We have filed applications regarding acquisition of control of the Stewart domestic insurers with the states of Texas and New York. The Texas application regarding acquisition of control of Stewart Title Guaranty Company, a Texas domiciled title insurance company licensed in 48 states, is under review by the Texas Department of Insurance.

On January 31, 2019, the New York State Department of Financial Services (“NYDFS”) provided written notice to us of its disapproval of our application to acquire control of Stewart Title Insurance Company, a New York domiciled title insurance company that is licensed only in the State of New York. Receipt of approval from the NYDFS is a condition to closing the Stewart Merger. FNF and Stewart are evaluating the appropriate course of action in light of the NYDFS’ determination, which may include a discussion with the NYDFS to better understand its concerns and respond to the letter. Through January 31, 2019, we have received 28 Form E state regulatory approvals relating to the Stewart Merger.

The closing of the Stewart Merger is subject to certain closing conditions, including federal and state regulatory approvals and the satisfaction of other customary closing conditions.

Other Developments

On September 24, 2018, we closed on the sale of all of our 62% equity interest in, and notes outstanding from, Pacific Union International, Inc. ("Pacific Union"), a luxury real estate broker based in California, and its subsidiaries to Urban Compass, Inc. ("Compass") for $37 million in cash and up to $21 million in potential earnout payments (the "Pacific Union Sale"). The potential earnout payments range in value from $0 to $21 million, are based on certain gross profit and earnings targets for Pacific Union and are payable in approximately 60% cash and 40% Compass stock annually over the course of the next 3 years. Compass was not a related party prior to, and is not a related party subsequent to, the Pacific Union Sale.

On August 13, 2018, we completed an offering of $450 million in aggregate principal amount of notes due August 2028 with stated interest of 4.50%. See Note E. Notes Payable for further details.

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 and preferred securities held are carried at fair value as of the balance sheet dates. Our equity and certain preferred securities 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 other investments and company-owned life insurance policies. Other investments are carried at fair value. See Note C Fair Value Measurements for further discussion of other investments. 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. Beginning January 1, 2018, unrealized gains or losses on equity and preferred securities are included in earnings. Unrealized gains or losses on fixed maturity securities (and equity and preferred securities prior to January 1, 2018) 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 on fixed maturity securities 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.

See Note S. Recent Accounting Pronouncements for discussion of ASU No. 2016-01 which changed the accounting for unrealized gains and losses on equity and preferred securities.

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.

Premium revenues from agency title operations are recognized when the underlying title order and transaction closing, if applicable, are complete and reported to us. Premium revenues from agency operations and related 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 from independent agents. 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 88% - 95% reported within three months following closing, an additional 3% - 8% 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 76.5%, of agent premiums earned in 2018, 76.7% of agent premiums earned in 2017, and 76.1% of agent premiums earned in 2016. The amount due from our agents relating to this accrual, i.e., the agent premium less their contractual retained commission, was approximately $44 million and $55 million at December 31, 2018 and 2017, respectively. Due to the offsetting effects of reversing prior period accruals, the impact of this accrual to our recorded Agency title insurance premiums, Agent commissions and net earnings in any given period is not considered material.

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. As a result of the analysis, $3 million of goodwill impairment related to a real estate brokerage reporting unit in our Corporate and other segment was recorded in the year ended December 31, 2018. 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. See Note F. Goodwill.

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 ten 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 ten 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 five to ten 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 $3 million, $1 million and $1 million in impairment expense to other intangible assets during the years ended December 31, 2018, 2017 and 2016, respectively. The impairment in 2018 primarily relates to an acquired customer relationship asset in our Title segment. 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.

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, 2018, 2017 or 2016.

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 $822 million and $830 million at December 31, 2018 and 2017, 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

Refer to Note T. Revenue Recognition for a description of our accounting for our various revenue streams.

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 became 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 common stock that were 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 years ended December 31, 2017 and 2016.

On September 29, 2017 we completed our tax-free distribution to FNF 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 common stock received approximately 0.30663 shares of New Black Knight common stock for every one share of FNF 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 was generally tax-free to FNF 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 years ended December 31, 2017 and 2016.

See Note G. Discontinued Operations for further details of the results and financial position of FNFV and Black Knight.

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, 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
Adjustment for cumulative effect for adoption of ASU 2016-01	(109		)	—			—			—			(109		)
Adoption of ASU 2018-02	(1		)	3			—			(2		)	—
Other comprehensive earnings	(11		)	3			(8		)	1			(15		)
Balance December 31, 2018	$	(5	)	$	17		$	(15	)	$	(10	)	$	(13	)

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, 2018, the redeemable noncontrolling interests have a fair value of approximately $194 million and we do not believe the exercise of their remaining put right in ServiceLink to be probable. The redeemable noncontrolling interests are recorded at their initial value of $344 million in our consolidated balance sheets and would be adjusted to fair value were such value to rise above the initial value.

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 of permanent equity; and the Consolidated Statement of Earnings reflects the respective redeemable noncontrolling interests in Net earnings 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.

Restricted stock, options or other instruments which provide the ability to acquire shares of our common stock that are antidilutive are excluded from the computation of diluted earnings per share. For the years ended December 31, 2018 and 2017, no antidilutive shares were outstanding. For the year ended December 31, 2016 options to purchase two million shares 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 2017 and 2016 Consolidated Financial Statements to conform to classifications used in 2018. 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.

Acquisitions

12 Months Ended

Dec. 31, 2018

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 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 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):



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

The purchase price has been 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.

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



	Fair Value
Accounts receivable	$	2
Property and equipment	4
Other intangible assets	49
Goodwill	41
Title plant	11
Prepaid expenses and other	2
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	43		10
Trade name	5		10
Software	1		2
Total Other intangible assets	49
Total	$	53

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. $39 million of the goodwill recorded is expected to be deductible for tax purposes.

The following table summarizes the total purchase price consideration and the 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	94
Property and equipment, net	1
Total assets acquired	133
Accounts payable and accrued liabilities	3
Deferred tax liability	9
Total liabilities assumed	12
Non-controlling interests	23
Total liabilities and equity assumed	35
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	12		10
Trade name	7		10
Non-compete agreements	3		5
Computer software	16		7
Total Other intangible assets	$	38

Fair Value Measurements

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

The fair value hierarchy established by the accounting standards on fair value measurements includes three levels which are based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. Financial assets and liabilities that are recorded in the 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, 2018 and 2017, respectively:



	December 31, 2018
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Fixed-maturity securities available for sale:
U.S. government and agencies	$	—	$	225	$	—	$	225
State and political subdivisions	—		148		—		148
Corporate debt securities	—		1,486		17		1,503
Foreign government bonds	—		62		—		62
Mortgage-backed/asset-backed securities	—		60		—		60
Preferred securities	16		285		—		301
Equity securities	498		—		—		498
Other long-term investments	—		—		101		101
Total	$	514	$	2,266	$	118	$	2,898



	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
Foreign government bonds	—		57		—		57
Mortgage-backed/asset-backed securities	—		56		—		56
Preferred securities	23		296		—		319
Equity securities	681		—		—		681
Total	$	704	$	2,112	$	—	$	2,816

Our Level 2 fair value measures for preferred and fixed-maturity securities available for sale are provided by a third-party pricing service. We utilize one firm for our preferred securities 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. When available and for certain investments, we independently compare 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 US 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 preferred 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 S. Recent Accounting Pronouncements for further information on the impact of the adoption of ASU No. 2016-01.

Our Level 3 fair value measures for our other long term investment 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 December 31, 2018 was a range of 8.4% - 8.8% and a weighted-average of 8.6%. Based on the total fair value of our Level 3 other long-term investment as of December 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 and twelve months ended December 31, 2018.



	December 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 (1)	100			—			100
Transfers from Level 2	—			17			17
Paid-in-kind dividends (2)	7			—			7
Purchases	—			1			1
Net change in fair value included in earnings (3)	(6		)	—			(6		)
Net unrealized loss included in other comprehensive (loss) earnings	—			(1		)	(1		)
Fair value, December 31, 2018	$	101		$	17		$	118

___________________________________________

(1) See Note S. Recent Accounting Pronouncements for further discussion.

(2) Included in Interest and investment income on the Condensed Consolidated Statements of Earnings

(3) Included in Realized gains and losses, net on the Condensed Consolidated Statements of Earnings

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 year ended December 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.

As of December 31, 2017 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, 2018 or 2017.

Substantially all of the unrealized gain (loss) on investments and other financial instruments, net (excluding investments in unconsolidated affiliates) on our Condensed Consolidated Statements of Comprehensive Income relate to fixed maturity securities which are considered Level 2 fair value measures.

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.

- Definition

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

+ References + Details

Investments

12 Months Ended

Dec. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Investments

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



	December 31, 2018
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity investments available for sale:
U.S. government and agencies	$	225	$	226	$	1	$	(2	)	$	225
States and political subdivisions	148		147		1		—			148
Corporate debt securities	1,503		1,510		6		(13		)	1,503
Foreign government bonds	62		67		—		(5		)	62
Mortgage-backed/asset-backed securities	60		59		1		—			60
Total	$	1,998	$	2,009	$	9	$	(20	)	$	1,998



	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 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 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. Accordingly, they are excluded from the table as of December 31, 2018 above. Refer to Note S. Recent Accounting Pronouncements for further discussion of the effects of the adoption of ASU 2016-01.

The change in net unrealized gains and (losses) on fixed maturities for the years ended December 31, 2018, 2017, and 2016 was an increase (decrease) of $(21) million, (1) million, and $13 million, respectively.

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



	December 31, 2018
Maturity	Amortized Cost		% of Total		Fair Value		% of Total
	(Dollars in millions)
One year or less	$	347	17.3	%	$	344	17.2	%
After one year through five years	1,336		66.6		1,326		66.3
After five years through ten years	226		11.2		227		11.4
After ten years	41		2.0		41		2.1
Mortgage-backed/asset-backed securities	59		2.9		60		3.0
	$	2,009	100.0	%	$	1,998	100.0	%

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.

Fixed maturity securities valued at approximately $122 million and $128 million were on deposit with various governmental authorities at December 31, 2018 and 2017, 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, 2018 and 2017 are as follows (in millions):



December 31, 2018
	Less than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Corporate debt securities	$	661	$	(8	)	$	301	$	(5	)	962		$	(13	)
U.S. government and agencies	71		(1		)	117		(1		)	188		(2		)
Foreign government bonds	52		(3		)	10		(2		)	62		(5		)
Total temporarily impaired securities	$	784	$	(12	)	$	428	$	(8	)	$	1,212	$	(20	)



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	121		(7		)	5		(1		)	126		(8		)
Total temporarily impaired securities	$	734	$	(11	)	$	66	$	(4	)	$	800	$	(15	)

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, 2018. 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, 2018, 2017 and 2016 we incurred impairment charges relating to investments that were determined to be other-than-temporarily impaired, which resulted in impairment charges of $3 million, $1 million and $19 million, respectively. The impairment charges in 2018 and 2017 related to fixed maturity securities of investees entering Chapter 11 bankruptcy which have 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.

As of December 31, 2018 and 2017, we held no investment securities for which other-than-temporary impairments 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, 2018, 2017, and 2016, respectively:



	Year ended December 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	$	6	$	(4	)	$	2		$	838
Preferred stock	1		—			1			60
Equity securities	5		(21		)	(16		)	298
Valuation loss on equity securities (1)						(71		)	—
Valuation loss on preferred securities (1)						(24		)	—
Property and equipment						5			21
Asset impairments						(7		)	—
Pacific Union Sale						4			47
Other realized gains and losses, net						(3		)	—
Total						$	(109	)	$	1,264
(1) See discussion of adoption of ASU 2016-01 in Note S. Recent Accounting Pronouncements

	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

Interest and investment income consists of the following:



	Year Ended December 31,
	2018		2017		2016
	(In millions)
Tax-deferred property exchange income	$	65	$	31	$	16
Fixed maturity securities available for sale	55		61		76
Equity securities and preferred stock available for sale	34		28		28
Cash and cash equivalents	12		3		—
Short-term investments	8		4		2
Other	3		4		4
Total	$	177	$	131	$	126

Goodwill

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill consists of the following:



	Title		Corporate and Other			Total
	(In millions)
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
Goodwill acquired during the year	18		3			21
Adjustments to prior year acquisitions	12		2			14
Pacific Union Sale	—		(52		)	(52		)
Impairment	—		(3		)	(3		)
Balance, December 31, 2018	$	2,462	$	264		$	2,726

_____________________________________

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

Property and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment



Property and equipment consists of the following:
	December 31,
	2018			2017
	(In millions)
Furniture, fixtures and equipment	$	217		$	224
Data processing equipment	157			156
Leasehold improvements	87			92
Buildings	84			111
Land	19			22
Other	3			—
Total property and equipment, gross	567			605
Accumulated depreciation and amortization	(403		)	(412		)
Total property and equipment, net	$	164		$	193

Depreciation expense on property and equipment was $46 million, $48 million, and $45 million for the years ended December 31, 2018, 2017, and 2016, respectively.

Discontinued Operations

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Black Knight

As a result of the BK Distribution, 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 to FNF. The cash inflows and outflows from and to Black Knight as well as revenues and expenses included in continuing operations subsequent to the BK Distribution which were previously eliminated in our consolidated financial statements as intra-entity transactions, are not considered material to our results of operations.

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



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

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

FNFV

As a result of the FNFV Split-Off, 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 to 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, 2018, we own approximately 7.9% 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, 2018, there is no outstanding balance under the Cannae Revolver. On February 7, 2019, Cannae borrowed $100 million 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:



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

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

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
	(in millions)
Earnings from discontinued operations attributable to Black Knight	$	59	$	74
Earnings (loss) from discontinued operations attributable to FNFV	96		(4		)
Total earnings from discontinued operations, net of tax	$	155	$	70

Other Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets

Other intangible assets consist of the following:



	December 31,
	2018			2017
	(In millions)
Customer relationships and contracts	$	827		$	860
Computer software	385			357
Trademarks and tradenames	64			81
Other	27			—
	1,303			1,298
Accumulated amortization	(790		)	(680		)
	$	513		$	618

Amortization expense for amortizable intangible assets, which consist primarily of customer relationships and computer software, was $119 million, $130 million, and $110 million for the years ended December 31, 2018, 2017 and 2016, respectively. Estimated amortization expense for the next five years for assets owned at December 31, 2018, is $125 million in 2019, $106 million in 2020, $78 million in 2021, $61 million in 2022 and $43 million in 2023.

Accounts Payable and Other Accrued Liabilities

12 Months Ended

Dec. 31, 2018

Payables and Accruals [Abstract]

Accounts Payable and Other Accrued Liabilities

Accounts payable and other accrued liabilities consist of the following:



	December 31,
	2018		2017
	(In millions)
Salaries and incentives	$	295	$	277
Accrued benefits	245		254
Deferred revenue	105		107
Contingent consideration - acquisitions	39		49
Trade accounts payable	35		39
Accrued rent	26		22
Accrued recording fees and transfer taxes	20		17
Accrued premium taxes	19		20
Other accrued liabilities	172		170
	$	956	$	955

Notes Payable

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Notes Payable

Notes payable consists of the following:



	December 31,
	2018			2017
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 4.50%, due August 2028	$	442		$	—
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	—			65
Revolving Credit Facility, unsecured, unused portion of $800 at December 31, 2018, due April 2022 with interest payable monthly at LIBOR + 1.40%	(4		)	295
Other	—			2
	$	836		$	759

At December 31, 2018, the estimated fair value of our unsecured notes payable was approximately $868 million, or $18 million higher than its carrying value, excluding $14 million of net unamortized debt issuance costs and premium/discount. The fair values of our unsecured notes payable are based on established market prices for the securities on December 31, 2018 and are considered Level 2 financial liabilities.

On August 13, 2018, we completed an offering of $450 million in aggregate principal amount of notes due August 2028 with stated interest of 4.50% per annum (the "4.50% Notes"), pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The 4.50% Notes were priced at 99.252% of par to yield 4.594% annual interest. The proceeds were used to settle the remaining balance of the Notes (defined below), payoff the outstanding borrowings under the Revolving Credit Facility (defined below), and for general corporate purposes. The 4.50% Notes will pay interest semi-annually on the 15th of February and August, beginning February 15, 2019. The 4.50% Notes contain customary covenants and events of default for investment grade public debt, which primarily relate to failure to make principal or interest payments.

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 Baa2/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, 2018, there is no balance outstanding, $4 million in unamortized debt issuance costs and $800 million of 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 matured on August 15, 2018. During the year ended December 31, 2018, we settled all of our remaining obligations under the Notes for an aggregate of $211 million.



Gross principal maturities of notes payable at December 31, 2018 are as follows (in millions):
2019	$	—
2020	—
2021	—
2022	400
2023	—
Thereafter	450
	$	850

Income Taxes

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Income Taxes

Income tax expense on continuing operations consists of the following:



	Year Ended December 31,
	2018		2017			2016
	(In millions)
Current	$	64	$	476		$	333
Deferred	56		(241		)	14
	$	120	$	235		$	347

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



	Year Ended December 31,
	2018			2017		2016
Net earnings from continuing operations	$	120		$	235	$	347
Tax expense attributable to net earnings from discontinued operations	—			144		25
Other comprehensive earnings (loss):
Unrealized gain (loss) on investments and other financial instruments	(3		)	25		29
Unrealized gain (loss) on foreign currency translation and cash flow hedging	(2		)	4		1
Minimum pension liability adjustment	—			3		3
Total income tax (benefit) expense allocated to other comprehensive earnings	(5		)	32		33
Total income taxes	$	115		$	411	$	405

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



	Year Ended December 31,
	2018		2017		2016
Federal statutory rate	21.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	3.1		1.8		2.8
Deductible dividends paid to FNF 401(k) plan	(0.1	)	(0.2	)	(0.1	)
Tax exempt interest income	(0.1	)	(0.4	)	(0.5	)
Stock compensation	(0.5	)	(1.4	)	(1.7	)
Tax Credits	(0.2	)	(0.1	)	(0.1	)
Consolidated Partnerships	(0.2	)	—		0.2
Tax reform	(7.1	)	(10.7	)	—
Non-deductible expenses and other, net	0.2		3.2		0.8
Effective tax rate	16.1	%	27.2	%	36.4	%

The significant components of deferred tax assets and liabilities at December 31, 2018 and 2017 consist of the following:



	December 31,
	2018			2017
	(In millions)
Deferred Tax Assets:
Employee benefit accruals	$	64		$	68
Net operating loss carryforwards	7			9
Insurance reserve discounting	—			26
Accrued liabilities	7			10
Allowance for uncollectible accounts receivable	4			4
Pension plan	2			2
Tax credits	41			40
State income taxes	3			4
Investment securities	3			—
Other	1			1
Total gross deferred tax asset	132			164
Less: valuation allowance	22			22
Total deferred tax asset	$	110		$	142
Deferred Tax Liabilities:
Title plant	$	(55	)	$	(55	)
Amortization of goodwill and intangible assets	(113		)	(113		)
Other investments	(6		)	(5		)
Other	(23		)	(13		)
Investment securities	—			(41		)
Depreciation	(11		)	(9		)
Partnerships	(68		)	(75		)
Insurance reserve discounting	(61		)	—
Total deferred tax liability	$	(337	)	$	(311	)
Net deferred tax liability	$	(227	)	$	(169	)

Our net deferred tax liability was $227 million and $169 million at December 31, 2018, and 2017, respectively. The significant changes in the deferred taxes are as follows: the deferred tax liability for insurance reserve discounting increased (prior year asset decreased) by $87 million largely due to a change in the treatment of the redomestication of certain of our insurance underwriters as prescribed by the IRS in 2018. The deferred tax liability relating to investment securities decreased by $44 million primarily due to unrealized losses recorded for investment securities.

SEC Staff Accounting Bulletin No. 118 ("SAB 118"), provided guidance for companies that had 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, 2018, we have completed our accounting for the tax effects of the enactment of the Tax Reform.

In the year ended December 31, 2018, we recorded additional benefits to tax expense of $45 million related to a change in tax treatment related to our redomestication of certain of our insurance underwriters. This adjustment has been included in the Tax Reform line of our reconciliation of the federal statutory rate to our effective tax rate.

At December 31, 2018, we have net operating losses ("NOL") on a pretax basis of $31 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 2012, including CINC and ServiceLink. Most of the NOLs are subject to an annual Internal Revenue Code Section 382 limitation. These losses will begin to expire in year 2022 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, 2018 and 2017, we had $41 million and $40 million of tax credits, respectively. The credits primarily consist of general business credits from historical acquisitions. We anticipate that these credits will be utilized prior to expiration after a valuation allowance of $21 million on the general business credits.

As of December 31, 2018 and 2017, we had approximately $9 million and $11 million (including interest of less than $1 million), respectively, of total unrecognized tax benefits that, if recognized, would favorably affect our income tax rate. We record interest and penalties related to income taxes as a component of income tax expense. In 2018, we reversed $8 million of reserves related to a Florida audit that was closed with a favorable result and we increased our reserve by $6 million for potential state tax liabilities.

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 2019 tax years. We file income tax returns in various foreign and US state jurisdictions. Our state income tax returns for the 2012 through 2018 tax years remain subject to examination by state jurisdictions.

Summary of Reserve for Claim Losses

12 Months Ended

Dec. 31, 2018

Insurance [Abstract]

Summary of Reserve for Claim Losses

A summary of the reserve for claim losses follows:



	Year Ended December 31,
	2018			2017			2016
	(Dollars in millions)
Beginning balance	$	1,490		$	1,487		$	1,583
Change in reinsurance recoverable	—			(4		)	(8		)
Claim loss provision related to:
Current year	221			219			236
Prior years	—			19			(79		)
Total title claim loss provision	221			238			157
Claims paid, net of recoupments related to:
Current year	(10		)	(8		)	(10		)
Prior years	(213		)	(223		)	(235		)
Total title claims paid, net of recoupments	(223		)	(231		)	(245		)
Ending balance of claim loss reserve for title insurance	$	1,488		$	1,490		$	1,487
Provision for title insurance claim losses as a percentage of title insurance premiums	4.5		%	4.9		%	3.3		%

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.

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 2016, 2017, and 2018.

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.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

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.

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 $11 million and $2 million as of December 31, 2018 and 2017, respectively. 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.

In a class action captioned Patterson, et al. v. Fidelity National Title Insurance Company, et al., Case No. GD 03-021176, originally filed on October 27, 2003 and pending in the Court of Common Pleas of Allegheny County, Pennsylvania, plaintiffs allege the named Company underwriters violated Pennsylvania’s Unfair Trade Practices and Consumer Protection Law (“UTPCPL”) by failing to provide premium discounts in accordance with filed rates in refinancing transactions. Contrary to rulings in similar federal court cases that considered the rate rule and agreed with the Company’s position, the court held that the rate rule should be interpreted such that an institutional mortgage in the public record is a “proxy” for prior title insurance entitling a consumer to a discount rate when refinancing when there is a mortgage of record within the number of years required by the rate rule. The rate rule requires sufficient evidence of a prior policy, and because not all institutional mortgages were insured, the Company’s position is that a recorded first mortgage alone does not constitute sufficient evidence of an earlier policy entitling consumers to a discounted rate. The court certified the class refusing to follow prior Pennsylvania Supreme Court and appellate court decisions holding that the UTPCPL requires proof of reliance, an individual issue which precludes certification. After notice to the class, plaintiffs moved for partial summary judgment on liability, and defendants moved for summary judgment. On June 27, 2018, the court entered an order granting plaintiffs’ motion for partial summary judgment on liability, and denying the Company’s motion finding that the Company failed to advise its agents on how to interpret the rate rule so that it would be uniformly applied, thereby having engaged in “deceptive conduct.” The Company plans to seek interlocutory review of the summary judgment order. The court approved the parties’ stipulation in which they agreed that before interlocutory review is appropriate, the court will first determine which party should bear the burden of ascertaining the class and calculating damages, and determine whether the damages should be trebled. Briefing on these issues is complete and oral argument was held on January 15, 2019. A decision is pending with the court. There has been no determination as to the size of the class. It is unknown whether plaintiffs will seek statutory or actual damages, whether the judge will exercise discretion to award treble damages or award prejudgment interest, or what plaintiffs’ counsel will seek as reasonable attorneys’ fees. Accordingly, damages are not reasonably estimable at this time. We will continue to vigorously defend this matter, and we do not believe the result will have a material adverse effect on our financial condition.

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.

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 $13.5 billion at December 31, 2018. 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, 2018 and 2017 related to these arrangements.

Operating Leases

We have operating leases for certain of our premises and equipment, primarily for office space in our direct operations.

Our operating leases range in term from one to ten years. Most of our leases include one or more options to renew, with varying renewal terms that can extend the lease term. The exercise of lease renewal options is at our sole discretion.



Future minimum operating lease payments are as follows (in millions):
2019	$	145
2020	121
2021	93
2022	68
2023	41
Thereafter	28
Total future minimum operating lease payments	$	496

Rent expense incurred under operating leases during the years ended December 31, 2018, 2017 and 2016 was $150 million, $144 million, and $128 million, respectively.

Regulation and Equity	12 Months Ended
Regulation and Equity	Dec. 31, 2018
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, 2018, the combined statutory unearned premium reserve required and reported for our title insurers was $1,412 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, 2018, $1,518 million of our net assets are restricted from dividend payments without prior approval from the Departments of Insurance. During 2019, our title insurers can pay or make distributions to us of approximately $512 million, without prior approval. The combined statutory capital and surplus of our title insurers was approximately $1,383 million and $1,389 million as of December 31, 2018 and 2017, respectively. The combined statutory net earnings of our title insurance subsidiaries were $625 million, $434 million, and $541 million for the years ended December 31, 2018, 2017, and 2016, 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, 2018 and 2017 was lower by approximately $28 million than if we had reported such amounts in accordance with NAIC SAP. 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, 2018. Our underwritten title companies, primarily those domiciled in California, are also subject to certain regulation by insurance regulatory or banking authorities relating to their net worth and working capital. Minimum net worth and working capital requirements for each underwritten title company is less than $1 million. These companies were in compliance with their respective minimum net worth and working capital requirements at December 31, 2018. 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 17, 2018, our Board of Directors approved a new three-year stock repurchase program effective August 1, 2018 (the "2018 Repurchase Program") under which we can purchase up to 25 million shares of our FNF common stock through July 31, 2021. 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. During the year ended December 31, 2018, we repurchased a total of 660,000 FNF common shares for $21 million or an average of $32.33 per share. Subsequent to December 31, 2018 and through market close on February 14, 2019, we repurchased a total of 60,000 shares for $2 million, or an average of $31.83 per share under this program. Since the original commencement of the 2018 Repurchase Program, we repurchased a total of 720,000 FNF common shares for $23 million, or an average of $32.29 per share.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Employee Benefit Plans

Stock Purchase Plan

During the three-year period ended December 31, 2018, our eligible employees could voluntarily participate in our employee stock purchase plan (“ESPP”) sponsored by us. Pursuant to the ESPP, employees may contribute an amount between 3% and 15% of their base salary and certain commissions. We contribute varying amounts as specified in the ESPP.

We contributed $25 million, $23 million, and $20 million to the ESPPs in the years ended December 31, 2018, 2017, and 2016, respectively, in accordance with our matching contribution.

401(k) Profit Sharing Plan

During the three-year period ended December 31, 2018, we have offered our employees the opportunity to participate in our 401(k) profit sharing plan (the “401(k) Plan”), qualified voluntary contributory savings plan which is 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 year ended December 31, 2018 was $30 million and $26 million for the years ended December 31, 2017 and 2016, respectively, and 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, 2018, there were 1,821,238 shares of restricted stock and 7,543,787 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 2018, 2017, and 2016 are as follows:



	Options		Weighted Average Exercise Price		Exercisable
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
Exercised	(985,640	)	19.09
Balance, December 31, 2018	7,543,787		$	20.55	7,530,137

FNF restricted stock transactions under the Omnibus Plan in 2018, 2017, and 2016 are as follows:




	Shares		Weighted Average Grant Date Fair Value
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
Granted	912,694		32.32
Canceled	(15,201	)	29.49
Vested	(915,316	)	28.80
Balance, December 31, 2018	1,821,238		$	32.35

The following table summarizes information related to stock options outstanding and exercisable as of December 31, 2018:



	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	551,224	0.85	$	14.38	$	9	551,224	0.85	$	14.38	$	9
$14.39 - $17.76	3,462,968	1.89	17.76		47		3,462,968	1.89	17.76		47
$17.77 - $21.84	1,233,813	2.84	21.84		12		1,233,813	2.84	21.84		12
$21.85 - $25.34	9,099	4.98	25.34		—		4,549	4.98	25.34		—
$25.35 - $25.53	2,277,583	3.83	25.53		13		2,277,583	3.83	25.53		13
$25.54 - $26.99	9,100	4.55	26.99		—		—	0	—		—
	7,543,787				$	81	7,530,137				$	81

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, 2018, 2017 and 2016 was $29 million, $31 million, and $29 million, respectively. The total fair value of restricted stock awards which vested in the years ended December 31, 2018, 2017 and 2016 was $29 million, $38 million, and $25 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, 2018, 2017 and 2016 was $19 million, $25 million, and $46 million, respectively. Net earnings attributable to FNF Shareholders reflects stock-based compensation expense amounts of $31 million for the year ended December 31, 2018, $44 million for the year ended December 31, 2017, and $58 million for the year ended December 31, 2016, which are included in personnel costs in the reported financial results of each period.

At December 31, 2018, the total unrecognized compensation cost related to non-vested stock option grants and restricted stock grants is $54 million, which is expected to be recognized in pre-tax income over a weighted average period of 1.62 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 discount rate used to determine the benefit obligation as of the years ended December 31, 2018 and 2017 was 3.90% and 3.34%, respectively. As of the years ended December 31, 2018 and 2017 the projected benefit obligation was $150 million and $166 million, respectively, and the fair value of plan assets was $144 million and $162 million, respectively. The net pension liability and net periodic expense included in our financial position and results of operations relating to these plans

Supplementary Cash Flow Information

12 Months Ended

Dec. 31, 2018

Supplemental Cash Flow Elements [Abstract]

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,
	2018			2017			2016
	(In millions)
Cash paid during the year:
Interest	$	34		$	102		$	125
Income taxes	204			528			367
Non-cash investing and financing activities:
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$	(3	)	$	3		$	7
Change in purchases of investments available for sale payable in period	(2		)	(9		)	19
Financing activities:
Liabilities assumed in connection with acquisitions (1):
Fair value of assets acquired	$	50		$	595		$	625
Less: Total purchase price	33			481			557
Liabilities and noncontrolling interests assumed	$	17		$	114		$	68
Change in treasury stock purchases payable in period	$	1		$	—		$	8
Change in accrued dividends payable in period	2			(1		)	1

_____________________________________

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

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

12 Months Ended

Dec. 31, 2018

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 Texas, California, 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:



	2018		2017		2016
Texas	14.4	%	14.2	%	14.2	%
California	13.9	%	14.5	%	14.6	%
Florida	8.8	%	8.0	%	7.7	%
New York	6.3	%	6.3	%	7.1	%

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

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Segment Information

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, 2018:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,911	$	—		$	4,911
Other revenues	2,189		426			2,615
Revenues from external customers	7,100		426			7,526
Interest and investment income, including realized gains and losses	60		8			68
Total revenues	7,160		434			7,594
Depreciation and amortization	154		28			182
Interest expense	—		43			43
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	875		(125		)	750
Income tax expense (benefit)	163		(43		)	120
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	712		(82		)	630
Equity in earnings of unconsolidated affiliates	4		1			5
Earnings (loss) from continuing operations	$	716	$	(81	)	$	635
Assets	$	8,391	$	910		$	9,301
Goodwill	2,462		264			2,726

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

The activities in our segments include the following:

•

Title. This segment consists of the operations of our title insurance underwriters and related businesses which provide 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 real estate technology subsidiaries, other smaller, non-title businesses and certain unallocated corporate overhead expenses and eliminations of revenues and expenses between it and our Title segment. This segment also includes the results of operations of Pacific Union through the date of the Pacific Union Sale and the assets of discontinued operations, Black Knight and FNFV, as of December 31, 2016. Refer to Note G. Discontinued Operations for further information.

Recent Accounting Pronouncements	12 Months Ended
Recent Accounting Pronouncements	Dec. 31, 2018
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 adopted these revenue standards on January 1, 2018 using the modified retrospective approach. As there was no material 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 T. Revenue Recognition for further discussion of our revenue. 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 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 Realized gains and losses, net in our Consolidated Statements of Earnings. See Note D. Investments for further details. 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 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. The ASU requires retrospective application to all prior periods presented upon adoption. 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 and 2016, respectively: an increase (decrease) in the net change in cash and cash equivalents of $144 million and $223 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 and $63 million, respectively, related to the movement of cash paid/received for investments pledged against secured trust deposits from operating to investing activities; and an (increase) decrease in cash used in financing activities of $(30) million and $160 million, respectively, related to the movement of the change in secured trust deposits from operating to financing activities. In February 2018, the FASB issued ASU No. 2018-02 Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendments in this ASU allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from Tax Reform. We adopted this ASU on April 1, 2018. Adoption of this ASU resulted in no net reclassification from Accumulated other comprehensive loss to Retained earnings. Other Pronouncements Not Yet Adopted Leases 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 allows for a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP. In July 2018, the FASB issued ASU 2018-11 Leases (Topic 842): Targeted Improvements which allows entities the option to adopt this standard prospectively with a cumulative-effect adjustment to opening equity and include required disclosures for prior periods. We identified a vendor with software suited to track and account for leases under the new standard and have transitioned our lease accounting within the software. We anticipate this standard will have a material impact on our consolidated balance sheets and result in recording a right-of-use asset of approximately $416 million to $451 million and a lease liability of approximately $431 million to $466 million. While we are still completing our analysis, we do not anticipate that adoption of this ASU will have a material impact on our consolidated statements of earnings. Our primary right-of-use assets and lease liabilities recorded upon adoption primarily relate to our leased office space. We plan to prospectively adopt this standard in the first quarter of 2019 and to use the package of practical expedients available upon adoption. Other 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 still 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 do not expect this guidance to have a material impact on our consolidated financial statements and related disclosures and do not plan to early adopt.

Revenue Recognition

12 Months Ended

Dec. 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:



			Year ended December 31,
			2018
Revenue Stream	Income Statement Classification	Segment	Total Revenue
Revenue from insurance contracts:			(in millions)
Direct title insurance premiums	Direct title insurance premiums	Title	$	2,221
Agency title insurance premiums	Agency title insurance premiums	Title	2,690
Home warranty	Escrow, title-related and other fees	Title	182
Total revenue from insurance contracts			5,093
Revenue from contracts with customers:
Escrow fees	Escrow, title-related and other fees	Title	826
Other title-related fees and income	Escrow, title-related and other fees	Title	585
ServiceLink, excluding title premiums, escrow fees, and subservicing fees	Escrow, title-related and other fees	Title	379
Real estate brokerage	Escrow, title-related and other fees	Corporate and other	316
Real estate technology	Escrow, title-related and other fees	Corporate and other	101
Other	Escrow, title-related and other fees	Corporate and other	9
Total revenue from contracts with customers			2,216
Other revenue:
Loan subservicing revenue	Escrow, title-related and other fees	Title	217
Interest and investment income	Interest and investment income	Various	177
Realized gains and losses, net	Realized gains and losses, net	Various	(109		)
Total revenues	Total revenues		7,594

Our Direct title insurance premiums are recognized as revenue at a point-in-time upon of closing of the underlying real estate 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 state's 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 real estate transaction closing, if applicable, are complete and reported to us.

Revenues from our home warranty business are generated from insurance contracts with customers to provide warranty for major home appliances. Substantially all of our home warranty 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 at a point-in-time upon closing of the underlying real estate transaction or completion and billing of services. Cash associated with such revenue is typically collected at closing.

Revenues from ServiceLink, 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 at a point-in-time 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 trade receivables and deferred revenue:



	December 31, 2018		December 31, 2017
	(In millions)
Trade receivables	$	284	$	292
Deferred revenue (contract liabilities)	105		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 primarily 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 year ended December 31, 2018, we recognized $97 million of revenue which was included in deferred revenue at the beginning of the period.

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

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

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

SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.

(Parent Company)

BALANCE SHEETS



	December 31,
	2018			2017
	(In millions, except share data)
ASSETS
Cash	$	349		$	230
Short term investments	202			85
Equity securities, at fair value	1			1
Investment in unconsolidated affiliates	12			13
Notes receivable	543			576
Investments in and amounts due from subsidiaries	4,629			4,672
Property and equipment, net	5			4
Prepaid expenses and other assets	11			1
Income taxes receivable	4			—
Total assets	$	5,756		$	5,582
LIABILITIES AND EQUITY
Liabilities:
Accounts payable and other accrued liabilities	$	63		$	72
Income taxes payable	—			137
Deferred tax liability	227			169
Notes payable	836			757
Total liabilities	1,126			1,135
Equity:
FNF common stock, $0.0001 par value; authorized 487,000,000 shares as of December 31, 2018 and 2017; outstanding of 275,373,834 and 274,431,737 as of December 31, 2018 and 2017, respectively; and issued of 289,601,523 and 287,718,304 as of December 31, 2018 and 2017, respectively	—			—
Preferred stock, $0.0001 par value; authorized 50,000,000 shares, issued and outstanding, none	—			—
Additional paid-in capital	4,500			4,587
Retained earnings	641			217
Accumulated other comprehensive loss	(13		)	111
Less: Treasury stock, 14,227,689 shares and 13,286,567 shares as of December 31, 2018 and 2017, respectively, at cost	(498		)	(468		)
Total equity of Fidelity National Financial, Inc. common shareholders	4,630			4,447
Total liabilities and equity	$	5,756		$	5,582

See Notes to Financial Statements

SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.

(Parent Company)

STATEMENTS OF EARNINGS AND RETAINED EARNINGS



	Year Ended December 31,
	2018			2017			2016
	(In millions, except per share data)
Revenues:
Other fees and revenue	$	—		$	1		$	4
Interest and investment income and realized gains	40			24			24
Realized gains and losses, net	4			—			—
Total revenues	44			25			28
Expenses:
Personnel expenses	35			32			26
Other operating expenses	20			8			6
Interest expense	43			48			64
Total expenses	98			88			96
Losses before income tax benefit and equity in earnings of subsidiaries	(54		)	(63		)	(68		)
Income tax benefit	(9		)	(17		)	(24		)
Losses before equity in earnings of subsidiaries	(45		)	(46		)	(44		)
Equity in earnings of subsidiaries	673			685			671
Earnings from continuing operations	628			639			627
Equity in earnings of discontinued operations	—			132			23
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$	628		$	771		$	650

Retained earnings, beginning of year	$	217		$	1,784		$	1,374
Dividends declared	(330		)	(279		)	(240		)
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		)	—
Cumulative effect of adoption of accounting standards	128			—			—
Other equity activity	(2		)	—			—
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	628			771			650
Retained earnings, end of year	$	641		$	217		$	1,784

See Notes to Financial Statements

SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.

(Parent Company)

STATEMENTS OF CASH FLOWS



	Year Ended December 31,
	2018			2017			2016
	(In millions)
Cash Flows From Operating Activities:
Net earnings	$	628		$	771		$	650
Adjustments to reconcile net earnings to net cash provided by operating activities:
Equity in earnings of unconsolidated affiliates	(2		)	—			(2		)
Gain on Pacific Union Sale	(4		)	—			—
Impairment of assets	—			—			3
Equity in earnings of subsidiaries	(673		)	(817		)	(694		)
Depreciation and amortization	—			—			1
Stock-based compensation	31			34			36
Net change in income taxes	(81		)	(130		)	29
Net decrease (increase) in prepaid expenses and other assets	(10		)	18			26
Net increase (decrease) in accounts payable and other accrued liabilities	2			17			(13		)
Net cash (used in) provided by operating activities	(109		)	(107		)	36
Cash Flows From Investing Activities:
Purchases of investments available for sale	—			(1		)	—
Net (purchases of) proceeds from short-term investment activities	(117		)	(84		)	162
Cash proceeds from the Pacific Union Sale	33			—			—
Additions to notes receivable	—			(13		)	(24		)
Collection of notes receivable	33			49			22
Distributions from unconsolidated affiliates	2			1			2
Additional investments in unconsolidated affiliates	—			(2		)	(8		)
Net cash (used in) provided by investing activities	(49		)	(50		)	154
Cash Flows From Financing Activities:
Borrowings	442			296			—
Debt service payments	(368		)	(530		)	(2		)
Equity portion of debt conversions paid in cash	(142		)	(317		)	(2		)
Dividends paid	(328		)	(278		)	(240		)
Purchases of treasury stock	(20		)	(23		)	(268		)
Exercise of stock options	19			31			19
Payment for shares withheld for taxes and in treasury	(9		)	(18		)	(9		)
Cash transferred in the Black Knight spin-off	—			(87		)	—
Cash transferred in the FNFV split-off	—			(22		)	—
Other financing activity	(2		)	(1		)	—
Net dividends from subsidiaries	685			1,090			265
Net cash provided by (used in) financing activities	277			141			(237		)
Net change in cash and cash equivalents	119			(16		)	(47		)
Cash at beginning of year	230			246			293
Cash at end of year	$	349		$	230		$	246

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,
	2018			2017
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 4.50%, due August 2028	$	442		$	—
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	—			65
Revolving Credit Facility, unsecured, unused portion of $800 at December 31, 2018, due April 2022 with interest payable monthly at LIBOR + 1.40%	(4		)	295
	$	836		$	757


C.	Supplemental Cash Flow Information



	Year Ended December 31,
	2018		2017		2016
	(In millions)
Cash paid during the year:
Interest paid	$	34	$	54	$	63
Income tax payments	204		528		367


D.	Cash Dividends Received

We have received cash dividends from subsidiaries and affiliates of $0.4 billion, $0.8 billion, and $0.4 billion during the years ended December 31, 2018, 2017, and 2016, respectively.

Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
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 and preferred securities held are carried at fair value as of the balance sheet dates. Our equity and certain preferred securities 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 other investments and company-owned life insurance policies. Other investments are carried at fair value. See Note C Fair Value Measurements for further discussion of other investments. 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. Beginning January 1, 2018, unrealized gains or losses on equity and preferred securities are included in earnings. Unrealized gains or losses on fixed maturity securities (and equity and preferred securities prior to January 1, 2018) 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 on fixed maturity securities 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. See Note S. Recent Accounting Pronouncements for discussion of ASU No. 2016-01 which changed the accounting for unrealized gains and losses on equity and preferred securities.
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. Premium revenues from agency title operations are recognized when the underlying title order and transaction closing, if applicable, are complete and reported to us. Premium revenues from agency operations and related 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 from independent agents. 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 88% - 95% reported within three months following closing, an additional 3% - 8% reported within the next three months and the remainder within seven to fifteen months.
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 ten 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 ten 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 five to ten 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 $3 million, $1 million and $1 million in impairment expense to other intangible assets during the years ended December 31, 2018, 2017 and 2016, respectively. The impairment in 2018 primarily relates to an acquired customer relationship asset in our Title segment. 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. 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.
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 of permanent equity; and the Consolidated Statement of Earnings reflects the respective redeemable noncontrolling interests in Net earnings 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. Restricted stock, options or other instruments which provide the ability to acquire 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.
Reclassification	Certain reclassifications have been made in the 2017 and 2016 Consolidated Financial Statements to conform to classifications used in 2018. These reclassifications have not changed net earnings or total equity, as previously reported.
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 material 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 T. Revenue Recognition for further discussion of our revenue. 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 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 Realized gains and losses, net in our Consolidated Statements of Earnings. See Note D. Investments for further details. 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 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. The ASU requires retrospective application to all prior periods presented upon adoption. 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 and 2016, respectively: an increase (decrease) in the net change in cash and cash equivalents of $144 million and $223 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 and $63 million, respectively, related to the movement of cash paid/received for investments pledged against secured trust deposits from operating to investing activities; and an (increase) decrease in cash used in financing activities of $(30) million and $160 million, respectively, related to the movement of the change in secured trust deposits from operating to financing activities. In February 2018, the FASB issued ASU No. 2018-02 Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendments in this ASU allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from Tax Reform. We adopted this ASU on April 1, 2018. Adoption of this ASU resulted in no net reclassification from Accumulated other comprehensive loss to Retained earnings. Other Pronouncements Not Yet Adopted Leases 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 allows for a modified retrospective approach to transitioning which allows for the use of practical expedients to effectively account for leases commenced prior to the effective date in accordance with previous GAAP. In July 2018, the FASB issued ASU 2018-11 Leases (Topic 842): Targeted Improvements which allows entities the option to adopt this standard prospectively with a cumulative-effect adjustment to opening equity and include required disclosures for prior periods. We identified a vendor with software suited to track and account for leases under the new standard and have transitioned our lease accounting within the software. We anticipate this standard will have a material impact on our consolidated balance sheets and result in recording a right-of-use asset of approximately $416 million to $451 million and a lease liability of approximately $431 million to $466 million. While we are still completing our analysis, we do not anticipate that adoption of this ASU will have a material impact on our consolidated statements of earnings. Our primary right-of-use assets and lease liabilities recorded upon adoption primarily relate to our leased office space. We plan to prospectively adopt this standard in the first quarter of 2019 and to use the package of practical expedients available upon adoption. Other 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 still 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 do not expect this guidance to have a material impact on our consolidated financial statements and related disclosures and do not plan to early adopt. 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.
Title Insurance Premiums Revenue Recognition	Our Direct title insurance premiums are recognized as revenue at a point-in-time upon of closing of the underlying real estate 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 state's 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 real estate transaction closing, if applicable, are complete and reported to us. Revenues from our home warranty business are generated from insurance contracts with customers to provide warranty for major home appliances. Substantially all of our home warranty contracts are one year in length and revenue is recognized ratably over the term of the contract.
Revenue Recognition, Services, Real Estate 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 at a point-in-time upon closing of the underlying real estate transaction or completion and billing of services. Cash associated with such revenue is typically collected at closing. Revenues from ServiceLink, 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 at a point-in-time 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	nterest 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.
Revenue, Contract Balances	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 primarily one year. The unrecognized portion is recorded as deferred revenue in accounts payable and other accrued liabilities in the Condensed Consolidated Balance Sheets.

Summary of Significant Accounting Policies (Table)

12 Months Ended

Dec. 31, 2018

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, 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
Adjustment for cumulative effect for adoption of ASU 2016-01	(109		)	—			—			—			(109		)
Adoption of ASU 2018-02	(1		)	3			—			(2		)	—
Other comprehensive earnings	(11		)	3			(8		)	1			(15		)
Balance December 31, 2018	$	(5	)	$	17		$	(15	)	$	(10	)	$	(13	)

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Schedule of Purchase Consideration Paid

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



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



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

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed



	Fair Value
Accounts receivable	$	2
Property and equipment	4
Other intangible assets	49
Goodwill	41
Title plant	11
Prepaid expenses and other	2
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



	Fair Value
Other intangible assets	$	38
Goodwill	94
Property and equipment, net	1
Total assets acquired	133
Accounts payable and accrued liabilities	3
Deferred tax liability	9
Total liabilities assumed	12
Non-controlling interests	23
Total liabilities and equity assumed	35
Net assets acquired	$	98

Schedule of Gross Carrying Value and Weighted Average Useful Lives



	Gross Carrying Value		Weighted Average Estimated Useful Life (in years)
Property and equipment	$	4	5
Other intangible assets:
Customer relationships	43		10
Trade name	5		10
Software	1		2
Total Other intangible assets	49
Total	$	53

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	12		10
Trade name	7		10
Non-compete agreements	3		5
Computer software	16		7
Total Other intangible assets	$	38

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

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

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



	December 31, 2018
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Fixed-maturity securities available for sale:
U.S. government and agencies	$	—	$	225	$	—	$	225
State and political subdivisions	—		148		—		148
Corporate debt securities	—		1,486		17		1,503
Foreign government bonds	—		62		—		62
Mortgage-backed/asset-backed securities	—		60		—		60
Preferred securities	16		285		—		301
Equity securities	498		—		—		498
Other long-term investments	—		—		101		101
Total	$	514	$	2,266	$	118	$	2,898



	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
Foreign government bonds	—		57		—		57
Mortgage-backed/asset-backed securities	—		56		—		56
Preferred securities	23		296		—		319
Equity securities	681		—		—		681
Total	$	704	$	2,112	$	—	$	2,816

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

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



	December 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 (1)	100			—			100
Transfers from Level 2	—			17			17
Paid-in-kind dividends (2)	7			—			7
Purchases	—			1			1
Net change in fair value included in earnings (3)	(6		)	—			(6		)
Net unrealized loss included in other comprehensive (loss) earnings	—			(1		)	(1		)
Fair value, December 31, 2018	$	101		$	17		$	118

___________________________________________

(1) See Note S. Recent Accounting Pronouncements for further discussion.

(2) Included in Interest and investment income on the Condensed Consolidated Statements of Earnings

(3) Included in Realized gains and losses, net on the Condensed Consolidated Statements of Earnings

Investments (Tables)

12 Months Ended

Dec. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Carrying Amount and Fair Values of Available-for-sale Securities

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



	December 31, 2018
	Carrying Value		Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(In millions)
Fixed maturity investments available for sale:
U.S. government and agencies	$	225	$	226	$	1	$	(2	)	$	225
States and political subdivisions	148		147		1		—			148
Corporate debt securities	1,503		1,510		6		(13		)	1,503
Foreign government bonds	62		67		—		(5		)	62
Mortgage-backed/asset-backed securities	60		59		1		—			60
Total	$	1,998	$	2,009	$	9	$	(20	)	$	1,998



	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 securities	319		307		12		—			319
Equity securities	681		517		172		(8		)	681
Total	$	2,816	$	2,630	$	201	$	(15	)	$	2,816

Information Regarding Contractual Maturities of Fixed Maturity Securities

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



	December 31, 2018
Maturity	Amortized Cost		% of Total		Fair Value		% of Total
	(Dollars in millions)
One year or less	$	347	17.3	%	$	344	17.2	%
After one year through five years	1,336		66.6		1,326		66.3
After five years through ten years	226		11.2		227		11.4
After ten years	41		2.0		41		2.1
Mortgage-backed/asset-backed securities	59		2.9		60		3.0
	$	2,009	100.0	%	$	1,998	100.0	%

Schedule of Net Unrealized Losses on Investment Securities, Related Fair Value Aggregated by Investment Category



December 31, 2018
	Less than 12 Months					12 Months or Longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Corporate debt securities	$	661	$	(8	)	$	301	$	(5	)	962		$	(13	)
U.S. government and agencies	71		(1		)	117		(1		)	188		(2		)
Foreign government bonds	52		(3		)	10		(2		)	62		(5		)
Total temporarily impaired securities	$	784	$	(12	)	$	428	$	(8	)	$	1,212	$	(20	)



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	121		(7		)	5		(1		)	126		(8		)
Total temporarily impaired securities	$	734	$	(11	)	$	66	$	(4	)	$	800	$	(15	)

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



	Year ended December 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	$	6	$	(4	)	$	2		$	838
Preferred stock	1		—			1			60
Equity securities	5		(21		)	(16		)	298
Valuation loss on equity securities (1)						(71		)	—
Valuation loss on preferred securities (1)						(24		)	—
Property and equipment						5			21
Asset impairments						(7		)	—
Pacific Union Sale						4			47
Other realized gains and losses, net						(3		)	—
Total						$	(109	)	$	1,264
(1) See discussion of adoption of ASU 2016-01 in Note S. Recent Accounting Pronouncements

	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

Interest and Investment Income

Interest and investment income consists of the following:



	Year Ended December 31,
	2018		2017		2016
	(In millions)
Tax-deferred property exchange income	$	65	$	31	$	16
Fixed maturity securities available for sale	55		61		76
Equity securities and preferred stock available for sale	34		28		28
Cash and cash equivalents	12		3		—
Short-term investments	8		4		2
Other	3		4		4
Total	$	177	$	131	$	126

Goodwill (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill consists of the following:



	Title		Corporate and Other			Total
	(In millions)
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
Goodwill acquired during the year	18		3			21
Adjustments to prior year acquisitions	12		2			14
Pacific Union Sale	—		(52		)	(52		)
Impairment	—		(3		)	(3		)
Balance, December 31, 2018	$	2,462	$	264		$	2,726

_____________________________________

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

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment



Property and equipment consists of the following:
	December 31,
	2018			2017
	(In millions)
Furniture, fixtures and equipment	$	217		$	224
Data processing equipment	157			156
Leasehold improvements	87			92
Buildings	84			111
Land	19			22
Other	3			—
Total property and equipment, gross	567			605
Accumulated depreciation and amortization	(403		)	(412		)
Total property and equipment, net	$	164		$	193

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2018

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:



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

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

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



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

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

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 Operations is shown below:



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

- Definition

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

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+ Details

Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Other Intangible Assets

Other intangible assets consist of the following:



	December 31,
	2018			2017
	(In millions)
Customer relationships and contracts	$	827		$	860
Computer software	385			357
Trademarks and tradenames	64			81
Other	27			—
	1,303			1,298
Accumulated amortization	(790		)	(680		)
	$	513		$	618

Accounts Payable and Other Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and other accrued liabilities consist of the following:



	December 31,
	2018		2017
	(In millions)
Salaries and incentives	$	295	$	277
Accrued benefits	245		254
Deferred revenue	105		107
Contingent consideration - acquisitions	39		49
Trade accounts payable	35		39
Accrued rent	26		22
Accrued recording fees and transfer taxes	20		17
Accrued premium taxes	19		20
Other accrued liabilities	172		170
	$	956	$	955

Notes Payable (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Notes Payable

Notes payable consists of the following:



	December 31,
	2018			2017
	(In millions)
Unsecured notes, net of discount, interest payable semi-annually at 4.50%, due August 2028	$	442		$	—
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	—			65
Revolving Credit Facility, unsecured, unused portion of $800 at December 31, 2018, due April 2022 with interest payable monthly at LIBOR + 1.40%	(4		)	295
Other	—			2
	$	836		$	759

Schedule of Maturities of Notes Payable



Gross principal maturities of notes payable at December 31, 2018 are as follows (in millions):
2019	$	—
2020	—
2021	—
2022	400
2023	—
Thereafter	450
	$	850

- Definition

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

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+ Details

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income tax expense on continuing operations consists of the following:



	Year Ended December 31,
	2018		2017			2016
	(In millions)
Current	$	64	$	476		$	333
Deferred	56		(241		)	14
	$	120	$	235		$	347

Schedule of Components of Income Tax Expense (Benefit)

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



	Year Ended December 31,
	2018			2017		2016
Net earnings from continuing operations	$	120		$	235	$	347
Tax expense attributable to net earnings from discontinued operations	—			144		25
Other comprehensive earnings (loss):
Unrealized gain (loss) on investments and other financial instruments	(3		)	25		29
Unrealized gain (loss) on foreign currency translation and cash flow hedging	(2		)	4		1
Minimum pension liability adjustment	—			3		3
Total income tax (benefit) expense allocated to other comprehensive earnings	(5		)	32		33
Total income taxes	$	115		$	411	$	405

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,
	2018		2017		2016
Federal statutory rate	21.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	3.1		1.8		2.8
Deductible dividends paid to FNF 401(k) plan	(0.1	)	(0.2	)	(0.1	)
Tax exempt interest income	(0.1	)	(0.4	)	(0.5	)
Stock compensation	(0.5	)	(1.4	)	(1.7	)
Tax Credits	(0.2	)	(0.1	)	(0.1	)
Consolidated Partnerships	(0.2	)	—		0.2
Tax reform	(7.1	)	(10.7	)	—
Non-deductible expenses and other, net	0.2		3.2		0.8
Effective tax rate	16.1	%	27.2	%	36.4	%

Schedule of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities at December 31, 2018 and 2017 consist of the following:



	December 31,
	2018			2017
	(In millions)
Deferred Tax Assets:
Employee benefit accruals	$	64		$	68
Net operating loss carryforwards	7			9
Insurance reserve discounting	—			26
Accrued liabilities	7			10
Allowance for uncollectible accounts receivable	4			4
Pension plan	2			2
Tax credits	41			40
State income taxes	3			4
Investment securities	3			—
Other	1			1
Total gross deferred tax asset	132			164
Less: valuation allowance	22			22
Total deferred tax asset	$	110		$	142
Deferred Tax Liabilities:
Title plant	$	(55	)	$	(55	)
Amortization of goodwill and intangible assets	(113		)	(113		)
Other investments	(6		)	(5		)
Other	(23		)	(13		)
Investment securities	—			(41		)
Depreciation	(11		)	(9		)
Partnerships	(68		)	(75		)
Insurance reserve discounting	(61		)	—
Total deferred tax liability	$	(337	)	$	(311	)
Net deferred tax liability	$	(227	)	$	(169	)

Summary of Reserve for Claim Losses (Tables)

12 Months Ended

Dec. 31, 2018

Insurance [Abstract]

Summary of Reserve for Claim Losses

A summary of the reserve for claim losses follows:



	Year Ended December 31,
	2018			2017			2016
	(Dollars in millions)
Beginning balance	$	1,490		$	1,487		$	1,583
Change in reinsurance recoverable	—			(4		)	(8		)
Claim loss provision related to:
Current year	221			219			236
Prior years	—			19			(79		)
Total title claim loss provision	221			238			157
Claims paid, net of recoupments related to:
Current year	(10		)	(8		)	(10		)
Prior years	(213		)	(223		)	(235		)
Total title claims paid, net of recoupments	(223		)	(231		)	(245		)
Ending balance of claim loss reserve for title insurance	$	1,488		$	1,490		$	1,487
Provision for title insurance claim losses as a percentage of title insurance premiums	4.5		%	4.9		%	3.3		%

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases



Future minimum operating lease payments are as follows (in millions):
2019	$	145
2020	121
2021	93
2022	68
2023	41
Thereafter	28
Total future minimum operating lease payments	$	496

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Schedule of Stock Options Transactions

FNF stock option transactions under the Omnibus Plan for 2018, 2017, and 2016 are as follows:



	Options		Weighted Average Exercise Price		Exercisable
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
Exercised	(985,640	)	19.09
Balance, December 31, 2018	7,543,787		$	20.55	7,530,137

Schedule of Restricted Stock Transactions

FNF restricted stock transactions under the Omnibus Plan in 2018, 2017, and 2016 are as follows:




	Shares		Weighted Average Grant Date Fair Value
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
Granted	912,694		32.32
Canceled	(15,201	)	29.49
Vested	(915,316	)	28.80
Balance, December 31, 2018	1,821,238		$	32.35

Schedule of Stock Options Outstanding and Exercisable

The following table summarizes information related to stock options outstanding and exercisable as of December 31, 2018:



	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	551,224	0.85	$	14.38	$	9	551,224	0.85	$	14.38	$	9
$14.39 - $17.76	3,462,968	1.89	17.76		47		3,462,968	1.89	17.76		47
$17.77 - $21.84	1,233,813	2.84	21.84		12		1,233,813	2.84	21.84		12
$21.85 - $25.34	9,099	4.98	25.34		—		4,549	4.98	25.34		—
$25.35 - $25.53	2,277,583	3.83	25.53		13		2,277,583	3.83	25.53		13
$25.54 - $26.99	9,100	4.55	26.99		—		—	0	—		—
	7,543,787				$	81	7,530,137				$	81

Supplementary Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2018

Supplemental Cash Flow Elements [Abstract]

Schedule of Supplemental Cash Flow Information

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



	Year Ended December 31,
	2018			2017			2016
	(In millions)
Cash paid during the year:
Interest	$	34		$	102		$	125
Income taxes	204			528			367
Non-cash investing and financing activities:
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	$	(3	)	$	3		$	7
Change in purchases of investments available for sale payable in period	(2		)	(9		)	19
Financing activities:
Liabilities assumed in connection with acquisitions (1):
Fair value of assets acquired	$	50		$	595		$	625
Less: Total purchase price	33			481			557
Liabilities and noncontrolling interests assumed	$	17		$	114		$	68
Change in treasury stock purchases payable in period	$	1		$	—		$	8
Change in accrued dividends payable in period	2			(1		)	1

_____________________________________

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

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

12 Months Ended

Dec. 31, 2018

Risks and Uncertainties [Abstract]

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



	2018		2017		2016
Texas	14.4	%	14.2	%	14.2	%
California	13.9	%	14.5	%	14.6	%
Florida	8.8	%	8.0	%	7.7	%
New York	6.3	%	6.3	%	7.1	%

Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Segment Information

As of and for the year ended December 31, 2018:



	Title		Corporate and Other			Total FNF
	(In millions)
Title premiums	$	4,911	$	—		$	4,911
Other revenues	2,189		426			2,615
Revenues from external customers	7,100		426			7,526
Interest and investment income, including realized gains and losses	60		8			68
Total revenues	7,160		434			7,594
Depreciation and amortization	154		28			182
Interest expense	—		43			43
Earnings (loss) from continuing operations, before income taxes and equity in earnings of unconsolidated affiliates	875		(125		)	750
Income tax expense (benefit)	163		(43		)	120
Earnings (loss) from continuing operations, before equity in earnings of unconsolidated affiliates	712		(82		)	630
Equity in earnings of unconsolidated affiliates	4		1			5
Earnings (loss) from continuing operations	$	716	$	(81	)	$	635
Assets	$	8,391	$	910		$	9,301
Goodwill	2,462		264			2,726

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

Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Our revenue consists of:



			Year ended December 31,
			2018
Revenue Stream	Income Statement Classification	Segment	Total Revenue
Revenue from insurance contracts:			(in millions)
Direct title insurance premiums	Direct title insurance premiums	Title	$	2,221
Agency title insurance premiums	Agency title insurance premiums	Title	2,690
Home warranty	Escrow, title-related and other fees	Title	182
Total revenue from insurance contracts			5,093
Revenue from contracts with customers:
Escrow fees	Escrow, title-related and other fees	Title	826
Other title-related fees and income	Escrow, title-related and other fees	Title	585
ServiceLink, excluding title premiums, escrow fees, and subservicing fees	Escrow, title-related and other fees	Title	379
Real estate brokerage	Escrow, title-related and other fees	Corporate and other	316
Real estate technology	Escrow, title-related and other fees	Corporate and other	101
Other	Escrow, title-related and other fees	Corporate and other	9
Total revenue from contracts with customers			2,216
Other revenue:
Loan subservicing revenue	Escrow, title-related and other fees	Title	217
Interest and investment income	Interest and investment income	Various	177
Realized gains and losses, net	Realized gains and losses, net	Various	(109		)
Total revenues	Total revenues		7,594

Contract Balances

The following table provides information about trade receivables and deferred revenue:



	December 31, 2018		December 31, 2017
	(In millions)
Trade receivables	$	284	$	292
Deferred revenue (contract liabilities)	105		107

Business and Summary of Significant Accounting Policies - Recent Developments (Details)	Sep. 24, 2018 USD ($)	Mar. 18, 2018 USD ($) $ / shares	Dec. 31, 2018 USD ($)	Sep. 05, 2018	Aug. 13, 2018 USD ($)	Dec. 31, 2017 USD ($)
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Contingent consideration - acquisitions			$ 39,000,000			$ 49,000,000
Unsecured notes, net of discount, interest payable semi-annually at 4.50%, due August 2028 \| Unsecured Notes
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Amount of debt instrument					$ 450,000,000
Stated interest rate (as percent)			4.50%		4.50%
Pacific Union \| Discontinued Operations
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Equity interest sold, percent	62.00%
Proceeds from sale of business	$ 37,000,000
Potential earnout payment range (up to)	21,000,000
Potential earnout payment range (from)	$ 0
Potential earnout payment, cash, percentage	60.00%
Potentail earnout payment, stock, percentage	40.00%
Earnout payment period	3 years
Stewart Merger
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Consideration transferred		$ 1,200,000,000
Consideration, cash portion, percentage		50.00%
Assumption of debt		$ 109,000,000
Pro forma debt to capital ratio		0.20
Terms of agreement, trigger to divest assets or businesses, revenue In excess, amount		$ 75,000,000
Terms of agreement, trigger to divest assets or businesses, revenue cap, amount		225,000,000
Contingent consideration - acquisitions		$ 50,000,000
Shareholder approval, percentage of votes				99.00%
Approval by shareholders, percentage of outstanding shares of stock represented				79.00%
Stewart Merger \| Maximum
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Cash paid per acquirees share \| $ / shares		$ 50.00
Common stock shares received per common stock shares owned		0.6425
Stewart Merger \| Minimum
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Cash paid per acquirees share \| $ / shares		$ 25.00
Common stock shares received per common stock shares owned		1.2850
Consideration, pro-rate cash paid per acquiree share \| $ / shares		$ 45.50
Common Stock \| Stewart Merger
Organization, Consolidation, and Presentation of FInancial Statements [Line Items]
Consideration, common stock portion, percent		50.00%

Business and Summary of Significant Accounting Policies - Trade and Notes Receivable (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenue Recognition, Milestone Method [Line Items]
Accrual for agency premiums, time lag period	15 months
Agent commission split rate	76.50%	76.70%	76.10%
Premiums receivable, net of accrued sales commissions	$ 44	$ 55
Minimum
Revenue Recognition, Milestone Method [Line Items]
Premiums, percent reported within 3 months	88.00%
Premiums, percent reported in 4-6 months	3.00%
Maximum
Revenue Recognition, Milestone Method [Line Items]
Premiums, percent reported within 3 months	95.00%
Premiums, percent reported in 4-6 months	8.00%

Business and Summary of Significant Accounting Policies - Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Impairment	$ 3,000,000	$ 0

Business and Summary of Significant Accounting Policies - Other Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Title plants
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Impairment expense	$ 0	$ 0	$ 0
Customer relationships and contracts
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Useful life (in years)	10 years
Customer relationships and contracts \| Title
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Impairment of other intangible assets	$ 3,000,000
Trademarks and tradenames
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Useful life (in years)	10 years
Software and Software Development Costs \| Minimum
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Useful life (in years)	5 years
Software and Software Development Costs \| Maximum
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Useful life (in years)	10 years
Trade Names \| Corporate and Other
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Impairment of other intangible assets			1,000,000
Computer software \| Title
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Impairment of other intangible assets		$ 1,000,000
Computer software \| Corporate and Other
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Impairment of other intangible assets			$ 1,000,000

Business and Summary of Significant Accounting Policies - Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2018
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	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Secured trust deposits	$ 822	$ 830

Business and Summary of Significant Accounting Policies - 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 entityreceived for each outstanding share redeemed	1
FNF
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of shares of newly formed entityreceived for each outstanding share redeemed		1
Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations \| BK Distribution
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
Common stock shares received per common stock shares owned		0.30663

Business and Summary of Significant Accounting Policies - Schedule of Changes in Other Comprehensive Earnings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jan. 01, 2018
AOCI Attributable to Parent, Net of Tax
Stockholders' equity attributable to parent, beginning balance	$ 4,447
Reclassification adjustments	0	$ 3	$ 0
Stockholders' equity attributable to parent, ending balance	4,630	4,447
ASU 2016-01
AOCI Attributable to Parent, Net of Tax
Adjustment for cumulative effect for adoption of ASU 2016-01				$ 19
Unrealized gain on investments and other financial instruments, net (excluding investments in unconsolidated affiliates)
AOCI Attributable to Parent, Net of Tax
Stockholders' equity attributable to parent, beginning balance	116	86
Other comprehensive earnings	(11)	25
Reclassification adjustments		3
Distribution of FNFV to Cannae Holdings		2
Stockholders' equity attributable to parent, ending balance	(5)	116	86
Unrealized gain on investments and other financial instruments, net (excluding investments in unconsolidated affiliates) \| ASU 2016-01
AOCI Attributable to Parent, Net of Tax
Adjustment for cumulative effect for adoption of ASU 2016-01				(109)
Unrealized gain on investments and other financial instruments, net (excluding investments in unconsolidated affiliates) \| ASU 2018-02
AOCI Attributable to Parent, Net of Tax
Adoption of ASU 2018-02	(1)
Unrealized (loss) gain relating to investments in unconsolidated affiliates
AOCI Attributable to Parent, Net of Tax
Stockholders' equity attributable to parent, beginning balance	11	(68)
Other comprehensive earnings	3	12
Reclassification adjustments		0
Distribution of FNFV to Cannae Holdings		67
Stockholders' equity attributable to parent, ending balance	17	11	(68)
Unrealized (loss) gain relating to investments in unconsolidated affiliates \| ASU 2016-01
AOCI Attributable to Parent, Net of Tax
Adjustment for cumulative effect for adoption of ASU 2016-01				0
Unrealized (loss) gain relating to investments in unconsolidated affiliates \| ASU 2018-02
AOCI Attributable to Parent, Net of Tax
Adoption of ASU 2018-02	3
Unrealized (loss) gain on foreign currency translation and cash flow hedging
AOCI Attributable to Parent, Net of Tax
Stockholders' equity attributable to parent, beginning balance	(7)	(13)
Other comprehensive earnings	(8)	6
Reclassification adjustments		0
Distribution of FNFV to Cannae Holdings		0
Stockholders' equity attributable to parent, ending balance	(15)	(7)	(13)
Unrealized (loss) gain on foreign currency translation and cash flow hedging \| ASU 2016-01
AOCI Attributable to Parent, Net of Tax
Adjustment for cumulative effect for adoption of ASU 2016-01				0
Unrealized (loss) gain on foreign currency translation and cash flow hedging \| ASU 2018-02
AOCI Attributable to Parent, Net of Tax
Adoption of ASU 2018-02	0
Minimum pension liability adjustment
AOCI Attributable to Parent, Net of Tax
Stockholders' equity attributable to parent, beginning balance	(9)	(18)
Other comprehensive earnings	1	9
Reclassification adjustments		0
Distribution of FNFV to Cannae Holdings		0
Stockholders' equity attributable to parent, ending balance	(10)	(9)	(18)
Minimum pension liability adjustment \| ASU 2016-01
AOCI Attributable to Parent, Net of Tax
Adjustment for cumulative effect for adoption of ASU 2016-01				0
Minimum pension liability adjustment \| ASU 2018-02
AOCI Attributable to Parent, Net of Tax
Adoption of ASU 2018-02	(2)
Total Accumulated Other Comprehensive (Loss) Earnings
AOCI Attributable to Parent, Net of Tax
Stockholders' equity attributable to parent, beginning balance	111	(13)
Other comprehensive earnings	(15)	52
Reclassification adjustments		3
Distribution of FNFV to Cannae Holdings		69
Stockholders' equity attributable to parent, ending balance	(13)	111	$ (13)
Total Accumulated Other Comprehensive (Loss) Earnings \| ASU 2016-01
AOCI Attributable to Parent, Net of Tax
Adjustment for cumulative effect for adoption of ASU 2016-01		$ (109)		$ (109)
Total Accumulated Other Comprehensive (Loss) Earnings \| ASU 2018-02
AOCI Attributable to Parent, Net of Tax
Adoption of ASU 2018-02	$ 0

Business and Summary of Significant Accounting Policies - Redeemable Non-controlling Interest (Details) - USD ($) $ in Millions	Jan. 02, 2014	Dec. 31, 2018	Jul. 20, 2015
Noncontrolling Interest [Line Items]
Redeemable noncontrolling interest at initial value		$ 344
Thomas H. Lee Partners, LP and Affiliates
Noncontrolling Interest [Line Items]
Period with no public offering for put option (in years)	4 years
Thomas H. Lee Partners, LP and Affiliates \| Black Knight Financial Services, Inc.
Noncontrolling Interest [Line Items]
Ownership interest percent	35.00%
Thomas H. Lee Partners, LP and Affiliates \| Black Knight Financial Services, Inc. \| ServiceLink
Noncontrolling Interest [Line Items]
Ownership interest percent	35.00%		21.00%
Redeemable noncontrolling interest fair value		$ 194

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

Acquisitions - Narrative (Details) $ in Millions		12 Months Ended
Acquisitions - Narrative (Details) $ in Millions	Aug. 31, 2017 USD ($) employee	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Business Acquisition [Line Items]
Cash paid		$ 33	$ 481	$ 557
Consideration paid, net of cash received		$ 0	202	$ 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%
Cash paid	$ 98
Consideration paid, net of cash received	$ 93
Real Estate Technology Acquisitions \| FNF
Business Acquisition [Line Items]
Cash paid			101
Consideration paid, net of cash received			98
Goodwill expected to be tax deductible			$ 39
Real Estate Technology Acquisitions \| FNF \| Real Geeks, RG
Business Acquisition [Line Items]
Percentage of membership interests acquired			100.00%
Real Estate Technology Acquisitions \| FNF \| SkySlope, Inc, SS
Business Acquisition [Line Items]
Percentage of membership interests acquired			67.00%

Acquisitions - Purchase Price (Details) - USD ($) $ in Millions		12 Months Ended
	Aug. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Cash paid		$ 33	$ 481	$ 557
Total net consideration paid		0	202	$ 0
Less: contingent consideration payable		$ (39)	(49)
FNF \| Title Guaranty of Hawaii
Business Acquisition [Line Items]
Cash paid	$ 98
Less: Cash acquired	(5)
Total net consideration paid	$ 93
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)
Total net cash paid			$ 82

Acquisitions - Purchase Price Allocation (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Aug. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill	$ 2,726	$ 2,746		$ 2,555
Total liabilities assumed	$ 17	114		$ 68
Title Guaranty of Hawaii \| FNF
Business Acquisition [Line Items]
Accounts receivable			$ 2
Property and equipment			4
Other intangible assets			49
Goodwill			41
Title plant			11
Prepaid expenses and other			2
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
Real Estate Technology Acquisitions \| FNF
Business Acquisition [Line Items]
Property and equipment		1
Other intangible assets		38
Goodwill		94
Total assets acquired		133
Accounts payable and accrued liabilities		3
Deferred tax liabilities		9
Total liabilities assumed		12
Non-controlling interests		23
Total liabilities and equity assumed		35
Net assets acquired		$ 98

Acquisitions - Asset Carrying Value and Useful lives (Details) - FNF - USD ($) $ in Millions		12 Months Ended
	Aug. 31, 2017	Dec. 31, 2017
Title Guaranty of Hawaii
Business Acquisition [Line Items]
Property and equipment, net	$ 4
Other intangible assets	49
Total	$ 53
Property and equipment useful life	5 years
Title Guaranty of Hawaii \| Customer relationships and contracts
Business Acquisition [Line Items]
Other intangible assets	$ 43
Weighted average useful life (in years)	10 years
Title Guaranty of Hawaii \| Trade names
Business Acquisition [Line Items]
Other intangible assets	$ 5
Weighted average useful life (in years)	10 years
Title Guaranty of Hawaii \| Computer software
Business Acquisition [Line Items]
Other intangible assets	$ 1
Weighted average useful life (in years)	2 years
Real Estate Technology Acquisitions
Business Acquisition [Line Items]
Property and equipment, net		$ 1
Other intangible assets		38
Real Estate Technology Acquisitions \| Customer relationships and contracts
Business Acquisition [Line Items]
Other intangible assets		$ 12
Weighted average useful life (in years)		10 years
Real Estate Technology Acquisitions \| Trade names
Business Acquisition [Line Items]
Other intangible assets		$ 7
Weighted average useful life (in years)		10 years
Real Estate Technology Acquisitions \| Non-compete agreements
Business Acquisition [Line Items]
Other intangible assets		$ 3
Weighted average useful life (in years)		5 years
Real Estate Technology Acquisitions \| Computer software
Business Acquisition [Line Items]
Other intangible assets		$ 16
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

Fair Value Measurements - Fair Value Hierarchy for Assets Measured at Fair Value on recurring Basis (Details)	Dec. 31, 2018 USD ($) price firm	Dec. 31, 2017 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	$ 1,998,000,000	$ 1,816,000,000
Total investments at fair value	$ 2,898,000,000	2,816,000,000
Number of firms utilized \| firm	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]
Fixed-maturity securities available for sale	$ 225,000,000	195,000,000
States and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	148,000,000	391,000,000
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	1,503,000,000	1,117,000,000
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	62,000,000	57,000,000
Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	60,000,000	56,000,000
Preferred securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	301,000,000	319,000,000
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	498,000,000	681,000,000
Other long-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	101,000,000
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments at fair value	514,000,000	704,000,000
Level 1 \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	0	0
Level 1 \| States and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	0	0
Level 1 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	0	0
Level 1 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	0	0
Level 1 \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	0	0
Level 1 \| Preferred securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	16,000,000	23,000,000
Level 1 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	498,000,000	681,000,000
Level 1 \| Other long-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments at fair value	2,266,000,000	2,112,000,000
Level 2 \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	225,000,000	195,000,000
Level 2 \| States and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	148,000,000	391,000,000
Level 2 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	1,486,000,000	1,117,000,000
Level 2 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	62,000,000	57,000,000
Level 2 \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	60,000,000	56,000,000
Level 2 \| Preferred securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	285,000,000	296,000,000
Level 2 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	0	0
Level 2 \| Other long-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments at fair value	118,000,000	0
Assets held at fair value	0	0
Liabilities held at fair value	0	0
Level 3 \| U.S. government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	0	0
Level 3 \| States and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	0	0
Level 3 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	17,000,000	0
Level 3 \| Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	0	0
Level 3 \| Mortgage-backed/asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-maturity securities available for sale	0	0
Level 3 \| Preferred securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	0	0
Level 3 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	0	$ 0
Level 3 \| Other long-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	$ 101,000,000

Fair Value Measurements - Summary of Changes in Fair Value of Level 3 Assets Measured on a Recurring Basis (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($) firm
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of firms \| firm	1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, at beginning of period	$ 0
Transfers from Level 2	17
Paid-in-kind dividends	7
Purchases	1
Net valuation loss included in earnings	(6)
Net unrealized loss included in other comprehensive (loss) earnings	(1)
Fair Value, at end of period	118
ASU 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
Other long-term investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, at beginning of period	0
Transfers from Level 2	0
Paid-in-kind dividends	7
Purchases	0
Net valuation loss included in earnings	(6)
Net unrealized loss included in other comprehensive (loss) earnings	0
Fair Value, at end of period	101
Other long-term investments \| ASU 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
Corporate debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, at beginning of period	0
Transfers from Level 2	17
Paid-in-kind dividends	0
Purchases	1
Net valuation loss included in earnings	0
Net unrealized loss included in other comprehensive (loss) earnings	(1)
Fair Value, at end of period	17
Corporate debt securities \| ASU 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 \| Discount Rate \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, discount rate	0.084
Level 3 \| Discount Rate \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, discount rate	0.088
Level 3 \| Discount Rate \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, discount rate	0.086

Investments - Carrying Amount and Fair Values of Available for Sale Securities (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Fixed maturity investments available for sale:
Carrying Value, debt securities	$ 1,998	$ 1,816
Cost Basis	2,009
Unrealized Gains	9
Unrealized Losses	(20)
Available-For-Sale Securities, Fair Value To Amortized Cost [Abstract]
Total Carrying Value		2,816
Total Cost Basis		2,630
Total Unrealized Gains		201
Total Unrealized Losses		(15)
U.S. government and agencies
Fixed maturity investments available for sale:
Carrying Value, debt securities	225	195
Cost Basis	226	196
Unrealized Gains	1	0
Unrealized Losses	(2)	(1)
States and political subdivisions
Fixed maturity investments available for sale:
Carrying Value, debt securities	148	391
Cost Basis	147	387
Unrealized Gains	1	4
Unrealized Losses	0	0
Corporate debt securities
Fixed maturity investments available for sale:
Carrying Value, debt securities	1,503	1,117
Cost Basis	1,510	1,110
Unrealized Gains	6	11
Unrealized Losses	(13)	(4)
Foreign government bonds
Fixed maturity investments available for sale:
Carrying Value, debt securities	62	57
Cost Basis	67	58
Unrealized Gains	0	1
Unrealized Losses	(5)	(2)
Mortgage-backed/asset-backed securities
Fixed maturity investments available for sale:
Carrying Value, debt securities	60	56
Cost Basis	59	55
Unrealized Gains	1	1
Unrealized Losses	$ 0	0
Preferred stock
Available-for-sale equity securities:
Carrying value, equity securities		319
Cost Basis		307
Unrealized Gains		12
Unrealized Losses		0
Equity securities
Available-for-sale equity securities:
Carrying value, equity securities		681
Cost Basis		517
Unrealized Gains		172
Unrealized Losses		$ (8)

Investments - Maturity of Fixed Maturity Securities (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Amortized Cost:
One year or less	$ 347
After one year through five years	1,336
After five years through ten years	226
After ten years	41
Mortgage-backed/asset-backed securities	59
Cost Basis	$ 2,009
Amortized Cost, % of Total:
One year or less	17.30%
After one year through five years	66.60%
After five years through ten years	11.20%
After ten years	2.00%
Mortgage-backed/asset-backed securities	2.90%
Total amortized cost	100.00%
Fair Value:
One year or less	$ 344
After one year through five years	1,326
After five years through ten years	227
After ten years	41
Mortgage-backed/asset-backed securities	60
Carrying Value, debt securities	$ 1,998	$ 1,816
Fair Value, % of Total:
One year or less	17.20%
After one year through five years	66.30%
After five years through ten years	11.40%
After ten years	2.10%
Mortgage-backed/asset-backed securities	3.00%
Total	100.00%

Investments - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Fair Value:
Less than 12 Months	$ 784
12 Months or Longer	428
Total	1,212
Less than 12 Months		$ 734
12 Months or Longer		66
Total		800
Unrealized Losses:
Less than 12 Months	(12)
12 Months or Longer	(8)
Total	(20)
Less than 12 Months		(11)
12 Months or Longer		(4)
Total		(15)
Corporate debt securities
Fair Value:
Less than 12 Months	661
12 Months or Longer	301
Total	962
Less than 12 Months		464
12 Months or Longer		51
Total		515
Unrealized Losses:
Less than 12 Months	(8)
12 Months or Longer	(5)
Total	(13)
Less than 12 Months		(3)
12 Months or Longer		(1)
Total		(4)
U.S. government and agencies
Fair Value:
Less than 12 Months	71
12 Months or Longer	117
Total	188	149
Less than 12 Months		149
12 Months or Longer		0
Unrealized Losses:
Less than 12 Months	(1)
12 Months or Longer	(1)
Total	(2)	(1)
Less than 12 Months		(1)
12 Months or Longer		0
Foreign government bonds
Fair Value:
Less than 12 Months	52
12 Months or Longer	10
Total	62
Less than 12 Months		0
12 Months or Longer		10
Total		10
Unrealized Losses:
Less than 12 Months	(3)
12 Months or Longer	(2)
Total	$ (5)
Less than 12 Months		0
12 Months or Longer		(2)
Total		(2)
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 ($)	12 Months Ended
Investments - Narrative (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Other than temporary impairment investments	$ 3,000,000	$ 1,000,000	$ 19,000,000
Amounts held with previously recognized other than temporary impairments	0	0
Unconsolidated affiliate
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]
Change in net unrealized holding gain (loss) before taxes	(21,000,000)	(1,000,000)	$ 13,000,000
Amount deposited with governmental authorities	$ 122,000,000	$ 128,000,000

Investments - Realized Gains and Losses and Proceeds on Investments and Other Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Equity Securities, FV-NI, Realized Gain (Loss) [Abstract]
Valuation, Net Realized Gains (Losses)	$ (95)	$ 0	$ 0
Loss on debt conversions
Net Realized Gains (Losses)		(6)
Gross Proceeds from Sale/Maturity		0
Property, Plant and Equipment
Net Realized Gains (Losses)	5	2
Gross Proceeds from Sale/Maturity	21	4	6
Asset impairments
Net Realized Gains (Losses)	(7)
Pacific Union Sale
Net Realized Gains (Losses)	4		(3)
Gross Proceeds from Sale/Maturity	47		0
Other intangible assets
Net Realized Gains (Losses)		(1)	(1)
Gross Proceeds from Sale/Maturity		0	0
Other Assets:
Net Realized Gains (Losses)	(3)	(1)	(3)
Gross Proceeds from Sale/Maturity	0	0	6
Total:
Net Realized Gains (Losses)	(109)	2	(8)
Gross Proceeds from Sale/Maturity	1,264	1,003	689
Fixed maturity securities available for sale
Debt Securities, Available-for-sale, Realized Gain (Loss), Excluding Other-than-temporary Impairment [Abstract]
Gross Realized Gains	6	7	4
Gross Realized Losses	(4)	(8)	(16)
Net Realized Gains (Losses)	2	(1)	(12)
Gross Proceeds from Sale/Maturity	838	968	624
Preferred stock
Equity Securities, FV-NI, Realized Gain (Loss) [Abstract]
Gross Realized Gains	1	0	1
Gross Realized Losses	0	0	0
Net Realized Gains (Losses)	1	0	1
Gross Proceeds from Sale/Maturity	60	$ 10	9
Valuation, Net Realized Gains (Losses)	(24)
Equity securities
Equity Securities, FV-NI, Realized Gain (Loss) [Abstract]
Gross Realized Gains	5		11
Gross Realized Losses	(21)		(1)
Net Realized Gains (Losses)	(16)		10
Gross Proceeds from Sale/Maturity	298		$ 50
Valuation, Net Realized Gains (Losses)	(71)
Other long-term investments
Other Long-Term Investments:
Net Realized Gains (Losses)	9
Gross Proceeds from Sale/Maturity	$ 21

Investments - Interest and Investment Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income	$ 177	$ 131	$ 126
Tax-deferred property exchange income
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income	65	31	16
Fixed maturity securities available for sale
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income	55	61	76
Equity securities and preferred stock available for sale
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income	34	28	28
Cash and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income	12	3	0
Short-term investments
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income	8	4	2
Other
Schedule of Investment Income, Reported Amounts, by Category
Interest and investment income	$ 3	$ 4	$ 4

Goodwill (Details) - USD ($)	12 Months Ended
Goodwill (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 2,746,000,000	$ 2,555,000,000
Goodwill acquired during the year	21,000,000	188,000,000
Adjustments to prior year acquisitions	14,000,000	3,000,000
Pacific Union Sale	(52,000,000)
Impairment	(3,000,000)	0
Goodwill, ending balance	2,726,000,000	2,746,000,000
Corporate and Other
Goodwill [Roll Forward]
Goodwill, beginning balance	314,000,000	210,000,000
Goodwill acquired during the year	3,000,000	104,000,000
Adjustments to prior year acquisitions	2,000,000	0
Pacific Union Sale	(52,000,000)
Impairment	(3,000,000)
Goodwill, ending balance	264,000,000	314,000,000
Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance		2,345,000,000
Operating Segments \| Title
Goodwill [Roll Forward]
Goodwill, beginning balance	2,432,000,000	2,345,000,000
Goodwill acquired during the year	18,000,000	84,000,000
Adjustments to prior year acquisitions	12,000,000	3,000,000
Pacific Union Sale	0
Impairment	0
Goodwill, ending balance	$ 2,462,000,000	$ 2,432,000,000

Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 567	$ 605
Accumulated depreciation and amortization	(403)	(412)
Property and equipment, net	164	193
Depreciation	46	48	$ 45
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	217	224
Data processing equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	157	156
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	87	92
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	84	111
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	19	22
Other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3	$ 0

Discontinued Operations - Summary of Operations of Disposal Group Included in Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Expenses:
Income tax expense	$ 0	$ 144	$ 25
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	630	629	608
Equity in losses of unconsolidated affiliates	5	10	14
Net earnings from discontinued operations	$ 0	155	70
Black Knight Financial Services, Inc. \| Discontinued Operations
Revenues:
Escrow, title-related and other fees		745	963
Realized gains and losses, net		(13)	0
Total revenues		732	963
Expenses:
Personnel costs		292	393
Other operating expenses		145	190
Depreciation and amortization		154	208
Interest expense		42	62
Total expenses		633	853
Earnings from discontinued operations before income taxes		99	110
Income tax expense		40	36
Net earnings from discontinued operations		59	74
Less: Net (losses) earnings attributable to non-controlling interests		36	47
Net earnings attributable to Fidelity National Financial, Inc. common shareholders		23	27
Cash flow from discontinued operations data:
Net cash (used in) provided by operations		240	326
Net cash (used in) provided in investing activities		(46)	(230)
FNFV \| Discontinued Operations
Revenues:
Escrow, title-related and other fees		111	168
Restaurant revenue		981	1,158
Interest and investment income		5	3
Realized gains and losses, net		277	6
Total revenues		1,374	1,335
Expenses:
Personnel costs		148	165
Other operating expenses		94	106
Cost of restaurant revenue		861	984
Depreciation and amortization		51	63
Interest expense		9	10
Total expenses		1,163	1,328
Earnings from discontinued operations before income taxes		211	7
Income tax expense		103	(11)
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates		108	18
Equity in losses of unconsolidated affiliates		(12)	(22)
Net earnings from discontinued operations		96	(4)
Less: Net (losses) earnings attributable to non-controlling interests		(13)	0
Net earnings attributable to Fidelity National Financial, Inc. common shareholders		109	(4)
Cash flow from discontinued operations data:
Net cash (used in) provided by operations		(134)	81
Net cash (used in) provided in investing activities		$ (11)	$ 67

Discontinued Operations - FNFV (Details) - USD ($)			12 Months Ended
Discontinued Operations - FNFV (Details) - USD ($)	Nov. 17, 2017	Nov. 16, 2017	Dec. 31, 2018	Feb. 07, 2019
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
Subsequent Event \| Borrowing Under Line Of Credit \| Cannae \| Revolving Credit Facility
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Borrowing by Cannae under revolver				$ 100,000,000
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%
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			7.90%

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

- Definition

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.

+ References + Details

Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
Other Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	$ 1,303	$ 1,298
Accumulated amortization	(790)	(680)
Other intangible assets, net	513	618
Amortization of intangible assets	119	130	$ 110
Amortization Expense for the Next Five Years for Assets Owned
2019	125
2020	106
2021	78
2022	61
2023	43
Customer relationships and contracts
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	827	860
Computer software
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	385	357
Trademarks and tradenames
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	64	81
Other
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	$ 27	$ 0

Accounts Payable and Other Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Salaries and incentives	$ 295	$ 277
Salaries and incentives	245	254
Deferred revenue	105	107
Contingent consideration - acquisitions	39	49
Trade accounts payable	35	39
Accrued rent	26	22
Accrued recording fees and transfer taxes	20	17
Accrued premium taxes	19	20
Other accrued liabilities	172	170
Total Accounts payable and other accrued liabilities	$ 956	$ 955

Notes Payable - Schedule of Long Term Debt (Details) - USD ($) $ in Millions			12 Months Ended
	Nov. 17, 2017	Jun. 25, 2013	Dec. 31, 2018	Aug. 13, 2018	Dec. 31, 2017	Aug. 28, 2012	Aug. 02, 2011
Debt Instrument [Line Items]
Notes payable			$ 836		$ 759
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 4.50%, due August 2028
Debt Instrument [Line Items]
Notes payable			$ 442		0
Stated interest rate (as percent)			4.50%	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
Stated interest rate (as percent)			5.50%			5.50%
Convertible Debt \| Unsecured convertible notes, net of discount, interest payable semi-annually at 4.25%, due August 2018
Debt Instrument [Line Items]
Notes payable			$ 0		65
Stated interest rate (as percent)			4.25%				4.25%
Line of Credit \| Revolving Credit Facility, unsecured, unused portion of $800 at December 31, 2018, due April 2022 with interest payable monthly at LIBOR 1.40% \| Revolving Credit Facility
Debt Instrument [Line Items]
Notes payable			$ (4)		295
Remaining borrowing capacity			$ 800
Line of Credit \| Revolving Credit Facility, unsecured, unused portion of $800 at December 31, 2018, due April 2022 with interest payable monthly at LIBOR 1.40% \| Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)		1.40%	1.40%
Other
Debt Instrument [Line Items]
Notes payable			$ 0		$ 2

Notes Payable - Narrative (Details) - USD ($)	Dec. 31, 2018	Aug. 13, 2018
Debt Instrument [Line Items]
Fair value of long term debt	$ 868,000,000
Excess fair value over carrying value of long-term debt	18,000,000
Unamortized discount (premium) and debt Issuance costs, Net	$ 14,000,000
Unsecured notes, net of discount, interest payable semi-annually at 4.50%, due August 2028 \| Unsecured Notes
Debt Instrument [Line Items]
Amount of debt instrument		$ 450,000,000
Stated interest rate (as percent)	4.50%	4.50%
Price as percent of par on offering of unsecured notes		99.252%
Effective interest rate		4.594%

Notes Payable - Existing Credit Agreement (Details) - USD ($)				12 Months Ended
	Nov. 17, 2017	Apr. 27, 2017	Jun. 25, 2013	Dec. 31, 2018
Debt Instrument [Line Items]
Balance outstanding				$ 850,000,000
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
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility, due April 2022
Debt Instrument [Line Items]
Extended term (in years)		5 years
Ratio of principal indebtedness to net worth to trigger default			3.00%
Balance outstanding				0
Unamortized debt issue costs				4,000,000
Remaining borrowing capacity				$ 800,000,000
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility, due April 2022 \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage			0.15%
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility, due April 2022 \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage			0.40%
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility, due April 2022 \| 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 April 2022 \| 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 April 2022 \| 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 April 2022 \| 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 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% Unsecured Notes Due September 2022 - Unsecured Notes - USD ($)	Dec. 31, 2018	Aug. 28, 2012
Debt Instrument [Line Items]
Amount of debt instrument		$ 400,000,000.0
Stated interest rate (as percent)	5.50%	5.50%
Price as 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) - 4.25% Unsecured convertible notes due August 2018 - Convertible Debt - USD ($)	Dec. 31, 2018	Aug. 02, 2011
Debt Instrument [Line Items]
Amount of debt instrument		$ 300,000,000.0
Stated interest rate (as percent)	4.25%	4.25%
Notes repurchase amount	$ 211,000,000

Notes Payable - Maturities of Long Term Debt (Details) $ in Millions	Dec. 31, 2018 USD ($)
Debt Disclosure [Abstract]
2019	$ 0
2020	0
2021	0
2022	400
2023	0
Thereafter	450
Total Long Term Debt	$ 850

Income Taxes - Tax Expense on Continuing Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Current	$ 64	$ 476	$ 333
Deferred	56	(241)	14
Income tax expense on continuing operations	$ 120	$ 235	$ 347

Income Taxes - Tax Expense (Benefit) Allocation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net earnings from continuing operations	$ 120	$ 235	$ 347
Tax expense attributable to net earnings from discontinued operations	0	144	25
Other comprehensive earnings (loss):
Unrealized gain (loss) on investments and other financial instruments	(3)	25	29
Unrealized gain (loss) on foreign currency translation and cash flow hedging	(2)	4	1
Minimum pension liability adjustment	0	3	3
Total income tax (benefit) expense allocated to other comprehensive earnings	(5)	32	33
Total income taxes	$ 115	$ 411	$ 405

- Definition

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

+ References + Details

Income Taxes - Effective Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Federal statutory rate	21.00%	35.00%	35.00%
State income taxes, net of federal benefit	3.10%	1.80%	2.80%
Deductible dividends paid to FNF 401(k) plan	(0.10%)	(0.20%)	(0.10%)
Tax exempt interest income	(0.10%)	(0.40%)	(0.50%)
Stock compensation	(0.50%)	(1.40%)	(1.70%)
Tax Credits	(0.20%)	(0.10%)	(0.10%)
Consolidated Partnerships	(0.20%)	0.00%	0.20%
Tax reform	(7.10%)	(10.70%)	0.00%
Non-deductible expenses and other, net	0.20%	3.20%	0.80%
Effective tax rate	16.10%	27.20%	36.40%

Income Taxes - Components Deferred Tax Asset and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Deferred Tax Assets:
Employee benefit accruals	$ 64	$ 68
Net operating loss carryforwards	7	9
Insurance reserve discounting	0	26
Accrued liabilities	7	10
Allowance for uncollectible accounts receivable	4	4
Pension plan	2	2
Tax credits	41	40
State income taxes	3	4
Investment securities	3	0
Other	1	1
Total gross deferred tax asset	132	164
Less: valuation allowance	22	22
Total deferred tax asset	110	142
Deferred Tax Liabilities:
Title plant	(55)	(55)
Amortization of goodwill and intangible assets	(113)	(113)
Other investments	(6)	(5)
Other	(23)	(13)
Investment securities	0	(41)
Depreciation	(11)	(9)
Partnerships	(68)	(75)
Insurance reserve discounting	(61)	0
Total deferred tax liability	(337)	(311)
Net deferred tax liability	$ (227)	$ (169)

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Deferred tax liabilities, net	$ 227	$ 169
Decrease in deferred tax liabilities, insurance reserve discounting	87
Decrease in deferred tax liabilities, unrealized losses investment securities	44
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Change In Tax Rate, Deferred Taxes, Provisional Income Tax Benefit	45
Valuation Allowance [Line Items]
Operating loss carryforwards	3
Valuation allowance	22	22
Tax credits	41	40
Unrecognized tax benefits	9	11
Income tax penalties and interest accrued (less than)		$ 1
Unrecognized tax benefits, reserves reversed	8
Unrecognized tax benefits, reserves increased	6
General Business Credit Carryforward
Valuation Allowance [Line Items]
Valuation allowance	21
BPG Holdings, LLC
Valuation Allowance [Line Items]
Valuation allowance	1
Begin to expire in 2022
Valuation Allowance [Line Items]
Operating loss carryforwards	$ 31

Summary of Reserve for Claim Losses (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Reserve for claim losses, beginning balance			$ 1,490	$ 1,487	$ 1,583
Change in reinsurance recoverable			0	(4)	(8)
Claim loss provision related to:
Current year			221	219	236
Prior years			0	19	(79)
Total title claim loss provision			221	238	157
Claims paid, net of recoupments related to:
Current year			(10)	(8)	(10)
Prior years			(213)	(223)	(235)
Total title claims paid, net of recoupments			(223)	(231)	(245)
Reserve for claim losses, ending balance	$ 1,490	$ 1,487	$ 1,488	$ 1,490	$ 1,487
Provision for title insurance claim losses as a percentage of title insurance premiums	4.50%	5.00%	4.50%	4.90%	3.30%
Reserves, disposals		$ 97

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loss Contingencies [Line Items]
Estimated litigation liability	$ 11	$ 2
Contingent liability related to customer accounts	13,500
Rent expense, net	$ 150	144	$ 128
Business exit costs		$ 1	$ 1
Minimum
Loss Contingencies [Line Items]
Lease term	1 year
Maximum
Loss Contingencies [Line Items]
Lease term	10 years

Commitments and Contingencies - Future Minimum Operating Lease Payments (Details) $ in Millions	Dec. 31, 2018 USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2019	$ 145
2020	121
2021	93
2022	68
2023	41
Thereafter	28
Total future minimum operating lease payments	$ 496

Regulation and Equity - Regulation (Details) - USD ($)	12 Months Ended
Regulation and Equity - Regulation (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2019
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Statutory unearned premium reserve required	$ 1,412,000,000
Statutory amount available for dividends with regulatory approval	1,518,000,000
Statutory capital and surplus	1,383,000,000	$ 1,389,000,000
Statutory net income	625,000,000	434,000,000	$ 541,000,000
Statutory to NAIC amount of reconciling item	28,000,000	$ 28,000,000
Minimum net worth requirement (less than)	$ 1,000,000
Scenario, Forecast
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Statutory amount available for dividend payments without regulatory approval				$ 512,000,000

Regulation and Equity - Equity (Details) - USD ($) $ / shares in Units, $ in Millions		2 Months Ended	5 Months Ended	7 Months Ended	12 Months Ended
	Jul. 17, 2018	Feb. 14, 2019	Dec. 31, 2018	Feb. 14, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Treasury stock repurchased					$ 21	$ 23	$ 268
FNF Common Stock \| 2018 Repurchase Program
Class of Stock [Line Items]
Stock repurchase program period (in years)	3 years
Stock repurchase program number of shares authorized (in shares)	25,000,000
Treasury stock repurchased (in shares)			660,000
Treasury stock repurchased			$ 21
Treasury stock acquired (in usd per share)			$ 32.33
FNF Common Stock \| 2018 Repurchase Program \| Subsequent Event
Class of Stock [Line Items]
Treasury stock repurchased (in shares)		60,000		720,000
Treasury stock repurchased		$ 2		$ 23
Treasury stock acquired (in usd per share)		$ 31.83		$ 32.29

Employee Benefit Plans - Stock Purchase Plan (Details) - Employee Stock - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	$ 25	$ 23	$ 20
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, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 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	$ 30	$ 26	$ 26

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, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	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)						7,543,787	8,529,427	7,481,683	9,300,509
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period						3 years
Expiration period						7 years
FNF Common Stock \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, nonvested (in shares)						1,821,238	1,839,061	1,471,673	1,391,874

Employee Benefit Plans - Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options issued as make-whole adjustment for BK Distribution (in shares)		2,375,111
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options issued as make-whole adjustment for BK Distribution weighted average exercise price (in dollars per share)		$ 20.32
The Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding at beginning of period (in shares)	8,529,427	7,481,683	9,300,509
Options granted (in shares)			35,000
Options exercised (in shares)	(985,640)	(1,313,061)	(1,846,153)
Options canceled (in shares)		(14,306)	(7,673)
Options outstanding at end of period (in shares)	7,543,787	8,529,427	7,481,683
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)	$ 20.38	$ 27.38	$ 23.92
Options granted, weighed average exercise price (in dollars per share)			35.63
Options exercised, weighed average exercise price (in dollars per share)	19.09	18.38	10.12
Options canceled, weighed average exercise price (in dollars per share)		24.49	26.17
Options outstanding at end of period, weighed average exercise price (in dollars per share)	$ 20.55	$ 20.38	$ 27.38
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options exercisable (in shares)	7,530,137	7,648,837	5,821,592	5,256,426

Employee Benefit Plans - Restricted Stock Activity (Details) - Restricted Stock - FNF Common Stock - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock issued as make-whole adjustment for BK Distribution (in shares)		545,676
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted stock issued as make-whole adjustment for BK Distribution (in dollars per share)		$ 24.62
The Omnibus Plan
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)	1,839,061	1,471,673	1,391,874
Granted (in shares)	912,694	828,818	803,292
Canceled (in shares)	(15,201)	(11,233)	(3,266)
Vested (in shares)	(915,316)	(995,873)	(720,227)
Restricted stock granted at end of period (in shares)	1,821,238	1,839,061	1,471,673
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)	$ 30.58	$ 33.79	$ 30.85
Granted (in dollars per share)	32.32	37.12	34.54
Canceled (in dollars per share)	29.49	24.52	28.07
Vested (in dollars per share)	28.80	23.98	28.97
Ending balance (in dollars per share)	$ 32.35	$ 30.58	$ 33.79

Employee Benefit Plans - Options Outstanding and Exercisable by Exercise Price (Details) - The Omnibus Plan $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($) $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of outstanding options (in shares) \| shares	7,543,787
Outstanding options, intrinsic value \| $	$ 81
Number of exercisable options (in shares) \| shares	7,530,137
Exercisable options, intrinsic value \| $	$ 81
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	551,224
Outstanding options, weighted average remaining contractual term (in years)	10 months 6 days
Outstanding options, weighted average exercise price (in dollars per share)	$ 14.38
Outstanding options, intrinsic value \| $	$ 9
Number of exercisable options (in shares) \| shares	551,224
Exercisable options, weighted average remaining contractual term (in years)	10 months 6 days
Exercisable options, weighted average exercise price (in dollars per share)	$ 14.38
Exercisable options, intrinsic value \| $	$ 9
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	3,462,968
Outstanding options, weighted average remaining contractual term (in years)	1 year 10 months 21 days
Outstanding options, weighted average exercise price (in dollars per share)	$ 17.76
Outstanding options, intrinsic value \| $	$ 47
Number of exercisable options (in shares) \| shares	3,462,968
Exercisable options, weighted average remaining contractual term (in years)	1 year 10 months 21 days
Exercisable options, weighted average exercise price (in dollars per share)	$ 17.76
Exercisable options, intrinsic value \| $	$ 47
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	1,233,813
Outstanding options, weighted average remaining contractual term (in years)	2 years 10 months 2 days
Outstanding options, weighted average exercise price (in dollars per share)	$ 21.84
Outstanding options, intrinsic value \| $	$ 12
Number of exercisable options (in shares) \| shares	1,233,813
Exercisable options, weighted average remaining contractual term (in years)	2 years 10 months 2 days
Exercisable options, weighted average exercise price (in dollars per share)	$ 21.84
Exercisable options, intrinsic value \| $	$ 12
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	9,099
Outstanding options, weighted average remaining contractual term (in years)	4 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)	4 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	2,277,583
Outstanding options, weighted average remaining contractual term (in years)	3 years 9 months 29 days
Outstanding options, weighted average exercise price (in dollars per share)	$ 25.53
Outstanding options, intrinsic value \| $	$ 13
Number of exercisable options (in shares) \| shares	2,277,583
Exercisable options, weighted average remaining contractual term (in years)	3 years 9 months 29 days
Exercisable options, weighted average exercise price (in dollars per share)	$ 25.53
Exercisable options, intrinsic value \| $	$ 13
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	9,100
Outstanding options, weighted average remaining contractual term (in years)	4 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 days
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, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	$ 19	$ 25	$ 46
The Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	31	44	58
Nonvested awards, compensation cost not yet recognized	$ 54
Nonvested awards, period for recognition	1 year 7 months 13 days
The Omnibus Plan \| Restricted Stock \| FNF Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock awards granted	$ 29	31	29
Fair value of restricted stock awards vested	$ 29	$ 38	$ 25

Employee Benefit Plans - Pension Plans (Details) - Pension Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
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
Discount rate	3.90%	3.34%
Benefit obligation	$ 150	$ 166
Fair value of plan assets	$ 144	$ 162

Supplementary Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash paid during the year:
Interest	$ 34	$ 102	$ 125
Income taxes	204	528	367
Investing activities:
Change in proceeds of sales of investments available for sale receivable in period	(3)	3	7
Change in purchases of investments available for sale payable in period	(2)	(9)	19
Financing activities:
Fair value of assets acquired	50	595	625
Less: Total purchase price	33	481	557
Liabilities and noncontrolling interests assumed	17	114	68
Change in treasury stock purchases payable in period	1	0	8
Change in accrued dividends payable in period	$ 2	$ (1)	$ 1

Financial Instruments with Off-Balance Sheet Risk and Concentration of Risk (Details) - Geographic Concentration Risk - Title Insurance Premiums	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Texas
Concentration Risk
Concentration risk	14.40%	14.20%	14.20%
California
Concentration Risk
Concentration risk	13.90%	14.50%	14.60%
Florida
Concentration Risk
Concentration risk	8.80%	8.00%	7.70%
New York
Concentration Risk
Concentration risk	6.30%	6.30%	7.10%

Segment Information (Details) - USD ($) $ in Millions	12 Months Ended
Segment Information (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Information
Title premiums	$ 4,911	$ 4,893	$ 4,723
Other revenues	2,615	2,637	2,416
Revenues from external customers	7,526	7,530	7,139
Interest and investment income, including realized gains and losses	68	133	118
Total revenues	7,594	7,663	7,257
Depreciation and amortization	182	183	160
Interest expense	43	48	64
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	750	864	955
Income tax expense (benefit)	120	235	347
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	630	629	608
Equity in earnings of unconsolidated affiliates	5	10	14
Net earnings from continuing operations	635	639	622
Assets	9,301	9,151	14,521
Goodwill	2,726	2,746	2,555
Corporate and Other
Segment Information
Title premiums	0	0	0
Other revenues	426	456	288
Revenues from external customers	426	456	288
Interest and investment income, including realized gains and losses	8	(4)	(9)
Total revenues	434	452	279
Depreciation and amortization	28	24	12
Interest expense	43	48	64
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	(125)	(91)	(70)
Income tax expense (benefit)	(43)	(39)	(39)
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	(82)	(52)	(31)
Equity in earnings of unconsolidated affiliates	1	0	1
Net earnings from continuing operations	(81)	(52)	(30)
Assets	910	746	5,765
Goodwill	264	314	210
Operating Segments
Segment Information
Depreciation and amortization			148
Interest expense			0
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates			1,025
Income tax expense (benefit)			386
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates			639
Equity in earnings of unconsolidated affiliates			13
Net earnings from continuing operations			652
Assets			8,756
Goodwill			2,345
Operating Segments \| Title
Segment Information
Title premiums	4,911	4,893	4,723
Other revenues	2,189	2,181	2,128
Revenues from external customers	7,100	7,074	6,851
Interest and investment income, including realized gains and losses	60	137	127
Total revenues	7,160	7,211	6,978
Depreciation and amortization	154	159
Interest expense	0	0
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	875	955
Income tax expense (benefit)	163	274
Earnings from continuing operations before equity in (losses) earnings of unconsolidated affiliates	712	681
Equity in earnings of unconsolidated affiliates	4	10
Net earnings from continuing operations	716	691
Assets	8,391	8,405
Goodwill	$ 2,462	$ 2,432	$ 2,345

Recent Accounting Pronouncements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2019	Jan. 01, 2018
New Accounting Pronouncement, Early Adoption [Line Items]
Other long-term investments	$ 135	$ 110
Increase (decrease) in cash from investing activities	(354)	79	$ (191)
Increase (decrease) in cash from financing activities	$ (442)	(1,029)	(428)
ASU 2016-01
New Accounting Pronouncement, Early Adoption [Line Items]
Reclassification adjustment for adoption of new accounting principle					$ 19
Other long-term investments					(19)
ASU 2016-01 \| AOCI Attributable to Parent
New Accounting Pronouncement, Early Adoption [Line Items]
Reclassification adjustment for adoption of new accounting principle		(109)			(109)
ASU 2016-01 \| Retained Earnings
New Accounting Pronouncement, Early Adoption [Line Items]
Reclassification adjustment for adoption of new accounting principle					$ 128
ASU 2016-18
New Accounting Pronouncement, Early Adoption [Line Items]
Increase (decrease) in net change in cash and cash equivalents		144	(223)
Increase (decrease) in cash from investing activities		174	(63)
Increase (decrease) in cash from financing activities		$ (30)	$ 160
Minimum \| Scenario, Forecast \| ASU 2016-02
New Accounting Pronouncement, Early Adoption [Line Items]
Right-of-use asset				$ 416
Lease liability				431
Maximum \| Scenario, Forecast \| ASU 2016-02
New Accounting Pronouncement, Early Adoption [Line Items]
Right-of-use asset				451
Lease liability				$ 466

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	$ 2,216
Interest and investment income	177	$ 131	$ 126
Realized gains and losses, net	(109)	2	(8)
Total revenues	7,594	7,663	7,257
Title
Disaggregation of Revenue [Line Items]
Loan subservicing revenue	217
Title \| Direct title insurance premiums
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	2,221
Title \| Agency title insurance premiums
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	2,690
Title \| Home warranty
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	182
Title \| Insurance Contracts
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	5,093
Title \| Escrow fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	826
Title \| Other title-related fees and income
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	585
Title \| ServiceLink, excluding title premiums, escrow fees, and subservicing fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	379
Corporate and Other
Disaggregation of Revenue [Line Items]
Total revenues	434	$ 452	$ 279
Corporate and Other \| Real estate brokerage
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	316
Corporate and Other \| Real estate technology
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	101
Corporate and Other \| Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customers	$ 9

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Trade receivables	$ 284	$ 292
Deferred revenue (contract liabilities)	$ 105	$ 107
Policy period	1 year
Revenue recognized from deferred revenue	$ 97

Schedule II Fidelity National Financial, Inc. (Parent Company) - Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Nov. 17, 2017	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash	$ 1,257	$ 1,110
Short term investments	480	295
Investment in unconsolidated affiliates	137	150
Notes receivable	306	317
Property and equipment, net	164	193
Prepaid expenses and other assets	377	398
Income taxes receivable	4	0
Total assets	9,301	9,151		$ 14,521
Liabilities:
Accounts payable and other accrued liabilities	956	955
Income taxes payable	0	137
Deferred tax liability	227	169
Notes payable	836	759
Total liabilities	4,329	4,340
Equity:
Preferred stock, $0.0001 par value; authorized 50,000,000 shares, issued and outstanding, none	0	0
Additional paid-in capital	4,500	4,587
Retained earnings	641	217
Accumulated other comprehensive (loss) earnings	(13)	111
Less: Treasury stock, 14,227,689 shares and 13,286,567 shares as of December 31, 2018 and 2017, respectively, at cost	(498)	(468)
Total Fidelity National Financial, Inc. shareholders’ equity	4,630	4,447
Total liabilities, redeemable non-controlling interest and equity	$ 9,301	$ 9,151
Common stock, par value (in usd per share)			$ 0.0001
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)	14,277,689	13,286,567
FNF Common Stock
Equity:
FNF common stock, $0.0001 par value; authorized 487,000,000 shares as of December 31, 2018 and 2017; outstanding of 275,373,834 and 274,431,737 as of December 31, 2018 and 2017, respectively; and issued of 289,601,523 and 287,718,304 as of December 31, 2018 and 2017, respectively	$ 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)	275,373,834	274,431,737
Common stock, shares issued (in shares)	289,601,523	287,718,304
Parent Company
ASSETS
Cash	$ 349	$ 230		$ 246	$ 293
Short term investments	202	85
Equity securities, at fair value	1	1
Investment in unconsolidated affiliates	12	13
Notes receivable	543	576
Investments in and amounts due from subsidiaries	4,629	4,672
Property and equipment, net	5	4
Prepaid expenses and other assets	11	1
Income taxes receivable	4	0
Total assets	5,756	5,582
Liabilities:
Accounts payable and other accrued liabilities	63	72
Income taxes payable	0	137
Deferred tax liability	227	169
Notes payable	836	757
Total liabilities	1,126	1,135
Equity:
Preferred stock, $0.0001 par value; authorized 50,000,000 shares, issued and outstanding, none	0	0
Additional paid-in capital	4,500	4,587
Retained earnings	641	217
Accumulated other comprehensive (loss) earnings	(13)	111
Less: Treasury stock, 14,227,689 shares and 13,286,567 shares as of December 31, 2018 and 2017, respectively, at cost	(498)	(468)
Total Fidelity National Financial, Inc. shareholders’ equity	4,630	4,447
Total liabilities, redeemable non-controlling interest and equity	$ 5,756	$ 5,582
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)	14,227,689	13,286,567
Parent Company \| FNF Common Stock
Equity:
FNF common stock, $0.0001 par value; authorized 487,000,000 shares as of December 31, 2018 and 2017; outstanding of 275,373,834 and 274,431,737 as of December 31, 2018 and 2017, respectively; and issued of 289,601,523 and 287,718,304 as of December 31, 2018 and 2017, respectively	$ 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)	275,373,834	274,431,737
Common stock, shares issued (in shares)	289,601,523	287,718,304

Schedule II Fidelity National Financial, Inc. (Parent Company) - Statement of Earnings and Retained Earnings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jan. 01, 2018
Revenues:
Other revenues	$ 2,615	$ 2,637	$ 2,416
Interest and investment income, including realized gains and losses	68	133	118
Realized gains and losses, net	(109)	2	(8)
Total revenues	7,594	7,663	7,257
Expenses:
Personnel costs	2,538	2,460	2,275
Other operating expenses	1,801	1,781	1,648
Interest expense	43	48	64
Total expenses	6,844	6,799	6,302
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	750	864	955
Income tax expense on continuing operations	120	235	347
Earnings from continuing operations	635	639	622
Net earnings from discontinued operations	0	155	70
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	628	771	650
Retained Earnings (Accumulated Deficit) [Roll Forward]
Beginning balance	4,467	6,898	6,588
Dividends declared	(330)	(279)	(240)
Other equity activity	(1)	0	0
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	628	771	650
Ending balance	4,628	4,467	6,898
ASU 2016-01
Retained Earnings (Accumulated Deficit) [Roll Forward]
Cumulative effect of adoption of accounting standards				$ 19
Retained Earnings
Retained Earnings (Accumulated Deficit) [Roll Forward]
Beginning balance	217	1,784	1,374
Dividends declared	(330)	(279)	(240)
Other equity activity	(2)
Ending balance	641	217	1,784
Retained Earnings \| ASU 2016-01
Retained Earnings (Accumulated Deficit) [Roll Forward]
Cumulative effect of adoption of accounting standards				128
Parent Company
Revenues:
Other revenues	0	1	4
Interest and investment income, including realized gains and losses	40	24	24
Realized gains and losses, net	4	0	0
Total revenues	44	25	28
Expenses:
Personnel costs	35	32	26
Other operating expenses	20	8	6
Interest expense	43	48	64
Total expenses	98	88	96
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	(54)	(63)	(68)
Income tax expense on continuing operations	(9)	(17)	(24)
Losses before equity in earnings of subsidiaries	(45)	(46)	(44)
Equity in earnings of subsidiaries	673	685	671
Earnings from continuing operations	628	639	627
Net earnings from discontinued operations	0	132	23
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	628	771	650
Retained Earnings (Accumulated Deficit) [Roll Forward]
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	628	771	650
Parent Company \| Retained Earnings
Expenses:
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	628	771	650
Retained Earnings (Accumulated Deficit) [Roll Forward]
Beginning balance	217	1,784	1,374
Dividends declared	(330)	(279)	(240)
Other equity activity	(2)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	628	771	650
Ending balance	641	217	1,784
Parent Company \| Retained Earnings \| ASU 2016-01
Retained Earnings (Accumulated Deficit) [Roll Forward]
Cumulative effect of adoption of accounting standards		0	0	$ 128
Parent Company \| Retained Earnings \| BKFS
Retained Earnings (Accumulated Deficit) [Roll Forward]
Spinoff transaction	0	(823)	0
Parent Company \| Retained Earnings \| FNFV
Retained Earnings (Accumulated Deficit) [Roll Forward]
Spinoff transaction	$ 0	$ (1,236)	$ 0

Schedule II Fidelity National Financial, Inc. (Parent Company) - Statement of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash Flows From Operating Activities:
Net earnings attributable to entity common shareholders	$ 628	$ 771	$ 650
Equity in earnings of unconsolidated affiliates
Equity in earnings of unconsolidated affiliates	(5)	(10)	(14)
Gain on Pacific Union Sale	(4)	0	0
Depreciation and amortization	182	389	431
Stock-based compensation	31	44	58
Net change in income taxes	(83)	(133)	(2)
Net decrease (increase) in prepaid expenses and other assets	17	(60)	(4)
Net increase (decrease) in accounts payable, accrued liabilities, deferred revenue and other liabilities	38	(31)	87
Net cash provided by operating activities	943	737	1,162
Cash Flows From Investing Activities:
Net (purchases of) proceeds from short-term investment activities	(185)	26	547
Cash proceeds from the Pacific Union Sale	33	0	0
Collection of notes receivable	0	21	36
Net cash (used in) provided by investing activities	(354)	79	(191)
Cash Flows From Financing Activities:
Borrowings	442	785	132
Debt service payments	(370)	(996)	(200)
Equity portion of debt conversions paid in cash	(142)	(317)	(2)
Dividends paid	(328)	(278)	(239)
Purchases of treasury stock	(20)	(23)	(276)
Exercise of stock options	19	31	19
Cash transferred in the Black Knight spin-off	0	(87)	0
Cash transferred in the FNFV split-off	0	(22)	0
Other financing activity	(3)	(2)	0
Net cash provided by (used in) financing activities	(442)	(1,029)	(428)
Cash at beginning of year	1,110
Cash at end of year	1,257	1,110
Parent Company
Cash Flows From Operating Activities:
Net earnings attributable to entity common shareholders	628	771	650
Equity in earnings of unconsolidated affiliates
Equity in earnings of unconsolidated affiliates	(2)	0	(2)
Gain on Pacific Union Sale	(4)	0	0
Impairment of assets	0	0	3
Equity in earnings of subsidiaries	(673)	(817)	(694)
Depreciation and amortization	0	0	1
Stock-based compensation	31	34	36
Net change in income taxes	(81)	(130)	29
Net decrease (increase) in prepaid expenses and other assets	(10)	18	26
Net increase (decrease) in accounts payable, accrued liabilities, deferred revenue and other liabilities	2	17	(13)
Net cash provided by operating activities	(109)	(107)	36
Cash Flows From Investing Activities:
Purchases of investments available for sale	0	(1)	0
Net (purchases of) proceeds from short-term investment activities	(117)	(84)	162
Cash proceeds from the Pacific Union Sale	33	0	0
Additions to notes receivable	0	(13)	(24)
Collection of notes receivable	33	49	22
Distributions from unconsolidated affiliates	2	1	2
Additional investments in unconsolidated affiliates		(2)	(8)
Net cash (used in) provided by investing activities	(49)	(50)	154
Cash Flows From Financing Activities:
Borrowings	442	296	0
Debt service payments	(368)	(530)	(2)
Equity portion of debt conversions paid in cash	(142)	(317)	(2)
Dividends paid	(328)	(278)	(240)
Purchases of treasury stock	(20)	(23)	(268)
Exercise of stock options	19	31	19
Payment for shares withheld for taxes and in treasury	(9)	(18)	(9)
Cash transferred in the Black Knight spin-off	0	(87)	0
Cash transferred in the FNFV split-off	0	(22)	0
Other financing activity	(2)	(1)	0
Net dividends from subsidiaries	685	1,090	265
Net cash provided by (used in) financing activities	277	141	(237)
Net change in cash and cash equivalents	119	(16)	(47)
Cash at beginning of year	230	246	293
Cash at end of year	$ 349	$ 230	$ 246

Schedule II Fidelity National Financial, Inc. (Parent Company) - Notes to Financial Statements (Details) - USD ($) $ in Millions			12 Months Ended
	Nov. 17, 2017	Jun. 25, 2013	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Aug. 13, 2018	Aug. 28, 2012	Aug. 02, 2011
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ 836	$ 759
Interest			34	102	$ 125
Income taxes			204	528	367
Revolving Credit Facility \| LIBOR
Condensed Financial Statements, Captions [Line Items]
Basis spread on variable rate (as percent)	4.50%
Unsecured Notes \| Unsecured notes, net of discount, interest payable semi-annually at 4.50%, due August 2028
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ 442	0
Stated interest rate (as percent)			4.50%			4.50%
Unsecured Notes \| Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ 398	397
Stated interest rate (as percent)			5.50%				5.50%
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			$ 0	65
Stated interest rate (as percent)			4.25%					4.25%
Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility, unsecured, unused portion of $800 at December 31, 2018, due April 2022 with interest payable monthly at LIBOR 1.40%
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ (4)	295
Remaining borrowing capacity			$ 800
Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility, unsecured, unused portion of $800 at December 31, 2018, due April 2022 with interest payable monthly at LIBOR 1.40% \| LIBOR
Condensed Financial Statements, Captions [Line Items]
Basis spread on variable rate (as percent)		1.40%	1.40%
Parent Company
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ 836	757
Interest				54	63
Cash dividends paid to parent company			400	800	$ 400
Parent Company \| Unsecured Notes \| Unsecured notes, net of discount, interest payable semi-annually at 4.50%, due August 2028
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ 442	0
Stated interest rate (as percent)			4.50%
Parent Company \| Unsecured Notes \| Unsecured notes, net of discount, interest payable semi-annually at 5.50%, due September 2022
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ 398	397
Stated interest rate (as percent)			5.50%
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			$ 0	65
Stated interest rate (as percent)			4.25%
Parent Company \| Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility, unsecured, unused portion of $800 at December 31, 2018, due April 2022 with interest payable monthly at LIBOR 1.40%
Condensed Financial Statements, Captions [Line Items]
Notes payable			$ (4)	$ 295
Parent Company \| Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility, unsecured, unused portion of $800 at December 31, 2018, due April 2022 with interest payable monthly at LIBOR 1.40% \| LIBOR
Condensed Financial Statements, Captions [Line Items]
Basis spread on variable rate (as percent)			1.40%
Remaining borrowing capacity			$ 800

Label	Element	Value
Accounting Standards Update 2016-01 [Member] \| Treasury Stock [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 0
Accounting Standards Update 2016-01 [Member] \| Additional Paid-in Capital [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	0
Accounting Standards Update 2016-01 [Member] \| Common Stock [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	0
Accounting Standards Update 2016-01 [Member] \| Noncontrolling Interest [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 0