Goodwill and Acquired Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents the changes in goodwill by business segment during the three months ended March 31, 2020:


	Market Services		Corporate Services		Information Services		Market Technology		Total
	(in millions)
Balance at December 31, 2019	$	3,342	$	460	$	2,283	$	281	$	6,366
Goodwill acquired	—		—		133		—		133


Foreign currency translation adjustment	(91)		(10)		(51)		(21)		(173)
Balance at March 31, 2020	$	3,251	$	450	$	2,365	$	260	$	6,326

Schedule of Acquired Finite-Lived Intangible Assets

The following table presents details of our total acquired intangible assets, both finite- and indefinite-lived:


	March 31, 2020										December 31, 2019
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
	(in millions)										(in millions)
Finite-Lived Intangible Assets
Technology	$	77	$	(16)	$	61	$	63	$	(19)	$	44
Customer relationships	1,599		(576)		1,023		1,596		(532)		1,064
Other	19		(5)		14		18		(5)		13
Foreign currency translation adjustment	(202)		94		(108)		(159)		55		(104)
Total finite-lived intangible assets	$	1,493	$	(503)	$	990	$	1,518	$	(501)	$	1,017
Indefinite-Lived Intangible Assets
Exchange and clearing registrations	$	1,257	$	—	$	1,257	$	1,257	$	—	$	1,257
Trade names	121		—		121		121		—		121
Licenses	52		—		52		52		—		52
Foreign currency translation adjustment	(220)		—		(220)		(198)		—		(198)
Total indefinite-lived intangible assets	$	1,210	$	—	$	1,210	$	1,232	$	—	$	1,232
Total intangible assets	$	2,703	$	(503)	$	2,200	$	2,750	$	(501)	$	2,249

Schedule of Acquired Indefinite-lived Intangible Assets

The following table presents details of our total acquired intangible assets, both finite- and indefinite-lived:


	March 31, 2020										December 31, 2019
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
	(in millions)										(in millions)
Finite-Lived Intangible Assets
Technology	$	77	$	(16)	$	61	$	63	$	(19)	$	44
Customer relationships	1,599		(576)		1,023		1,596		(532)		1,064
Other	19		(5)		14		18		(5)		13
Foreign currency translation adjustment	(202)		94		(108)		(159)		55		(104)
Total finite-lived intangible assets	$	1,493	$	(503)	$	990	$	1,518	$	(501)	$	1,017
Indefinite-Lived Intangible Assets
Exchange and clearing registrations	$	1,257	$	—	$	1,257	$	1,257	$	—	$	1,257
Trade names	121		—		121		121		—		121
Licenses	52		—		52		52		—		52
Foreign currency translation adjustment	(220)		—		(220)		(198)		—		(198)
Total indefinite-lived intangible assets	$	1,210	$	—	$	1,210	$	1,232	$	—	$	1,232
Total intangible assets	$	2,703	$	(503)	$	2,200	$	2,750	$	(501)	$	2,249

Schedule of Estimated Future Amortization Expense

The estimated future amortization expense (excluding the impact of foreign currency translation adjustments of $108 million as of March 31, 2020) of acquired finite-lived intangible assets as of March 31, 2020 is as follows:


	(in millions)
2020⁽¹⁾	$	83
2021	109
2022	106
2023	100
2024	97
2025 and thereafter	603
Total	$	1,098

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(1) Represents the estimated amortization to be recognized over the remaining nine months of 2020.