Goodwill and Acquired Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents the changes in goodwill by business segment during the three months ended March 31, 2022:




	(in millions)
Market Technology
Balance at December 31, 2021	$	2,171



Foreign currency translation adjustments	(5)
Balance at March 31, 2022	$	2,166
Investment Intelligence
Balance at December 31, 2021	$	2,428



Foreign currency translation adjustments	(35)
Balance at March 31, 2022	$	2,393
Corporate Platforms
Balance at December 31, 2021	$	469



Foreign currency translation adjustments	(6)
Balance at March 31, 2022	$	463
Market Services
Balance at December 31, 2021	$	3,365



Foreign currency translation adjustments	(49)
Balance at March 31, 2022	$	3,316

Total
Balance at December 31, 2021	$	8,433



Foreign currency translation adjustments	(95)
Balance at March 31, 2022	$	8,338

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, 2022		December 31, 2021

Finite-Lived Intangible Assets	(in millions)
Gross Amount
Technology	$	294	$	295
Customer relationships	2,050		2,050
Trade names and other	60		60
Foreign currency translation adjustment	(156)		(143)
Total gross amount	$	2,248	$	2,262
Accumulated Amortization
Technology	$	(64)	$	(54)
Customer relationships	(740)		(711)
Trade names and other	(12)		(11)
Foreign currency translation adjustment	88		81
Total accumulated amortization	$	(728)	$	(695)
Net Amount
Technology	$	230	$	241
Customer relationships	1,310		1,339
Trade names and other	48		49
Foreign currency translation adjustment	(68)		(62)
Total finite-lived intangible assets	$	1,520	$	1,567

Indefinite-Lived Intangible Assets
Exchange and clearing registrations	$	1,257	$	1,257
Trade names	121		121
Licenses	52		52
Foreign currency translation adjustment	(199)		(184)
Total indefinite-lived intangible assets	$	1,231	$	1,246
Total intangible assets, net	$	2,751	$	2,813

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, 2022		December 31, 2021

Finite-Lived Intangible Assets	(in millions)
Gross Amount
Technology	$	294	$	295
Customer relationships	2,050		2,050
Trade names and other	60		60
Foreign currency translation adjustment	(156)		(143)
Total gross amount	$	2,248	$	2,262
Accumulated Amortization
Technology	$	(64)	$	(54)
Customer relationships	(740)		(711)
Trade names and other	(12)		(11)
Foreign currency translation adjustment	88		81
Total accumulated amortization	$	(728)	$	(695)
Net Amount
Technology	$	230	$	241
Customer relationships	1,310		1,339
Trade names and other	48		49
Foreign currency translation adjustment	(68)		(62)
Total finite-lived intangible assets	$	1,520	$	1,567

Indefinite-Lived Intangible Assets
Exchange and clearing registrations	$	1,257	$	1,257
Trade names	121		121
Licenses	52		52
Foreign currency translation adjustment	(199)		(184)
Total indefinite-lived intangible assets	$	1,231	$	1,246
Total intangible assets, net	$	2,751	$	2,813

Finite-lived Intangible Assets Amortization Expense

The following table presents our amortization expense for acquired finite-lived intangible assets:


	Three Months Ended March 31,
	2022		2021
	(in millions)
Amortization expense	$	40	$	36

Schedule of Estimated Future Amortization Expense

The table below presents the estimated future amortization expense (excluding the impact of foreign currency translation adjustments of $68 million as of March 31, 2022) of acquired finite-lived intangible assets as of March 31, 2022:


	(in millions)
Remainder of 2022	$	120
2023	157
2024	152
2025	149
2026	147
2027+	863
Total	$	1,588