Intangible Assets And Goodwill (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consisted of the following at June 30, 2020 and December 31, 2019:


	June 30, 2020										December 31, 2019
(in millions)	Assigned Value		Accumulated Amortization		Net Book Value		Assigned Value		Accumulated Amortization		Net Book Value
Amortizable Intangible Assets:
Clearing firm, market data and other customer relationships	$	5,766.8	$	(1,481.3)	$	4,285.5	$	5,797.1	$	(1,346.0)	$	4,451.1

Technology-related intellectual property	171.4		(56.1)		115.3		174.3		(46.6)		127.7
Other	101.1		(20.2)		80.9		103.8		(14.9)		88.9
Total amortizable intangible assets	$	6,039.3	$	(1,557.6)	4,481.7		$	6,075.2	$	(1,407.5)	4,667.7

Indefinite-Lived Intangible Assets:
Trade names					450.0						450.0
Total intangible assets – other, net					$	4,931.7					$	5,117.7
Trading products ⁽¹⁾					$	17,175.3					$	17,175.3

(1)Trading products represent futures and options products acquired in our business combinations with CBOT Holdings, Inc., NYMEX Holdings, Inc. and The Board of Trade of Kansas City, Missouri, Inc. Clearing and transaction fees are generated through the trading of these products. These trading products, most of which have traded for decades, require authorization from the Commodity Futures Trading Commission (CFTC). Product authorizations from the CFTC have no term limits.

Future estimated amortization expense

As of June 30, 2020, the future estimated amortization expense related to amortizable intangible assets is expected to be as follows:


(in millions)	Amortization Expense
Remainder of 2020	$	154.9
2021	309.7
2022	309.4
2023	308.0
2024	301.3
2025	301.1
Thereafter	2,797.3