Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

The following is a summary of the activity in our goodwill balance (in millions):



Goodwill balance at January 1, 2018	$	12,216
Acquisitions	889
Foreign currency translation	(38		)
Other activity, net	18
Goodwill balance at December 31, 2018	13,085
Acquisitions	235
Foreign currency translation	20
Other activity, net	2
Goodwill balance at December 31, 2019	$	13,342

The following is a summary of the activity in our other intangible assets balance (in millions):



Other intangible assets balance at January 1, 2018	$	10,269
Acquisitions	548
Foreign currency translation	(45		)
Amortization of other intangible assets	(289		)
Other activity, net	(21		)
Other intangible assets balance at December 31, 2018	10,462
Acquisitions	116
Foreign currency translation	24
ICE Futures Singapore exchange registration intangible assets impairment	(31		)
Amortization of other intangible assets	(311		)
Other activity, net	(2		)
Other intangible assets balance at December 31, 2019	$	10,258

We completed several acquisitions, including Simplifile, during 2019, and BondPoint, CHX Holdings, Inc., TMC Bonds and MERS during 2018 (Note 3).

Foreign currency translation adjustments result from a portion of our goodwill and other intangible assets being held at our U.K., EU and Canadian subsidiaries, whose functional currencies are not the U.S. dollar. The table above includes an impairment charge of $31 million recorded during 2019 on the remaining value of exchange registration intangible assets on ICE Futures Singapore as a result of a decrease in fair value determined during our annual impairment testing. ICE Futures Singapore is part of our Trading and Clearing segment. In addition, the table includes an impairment charge of $4 million recorded during 2018 on the remaining value of exchange registration intangible assets in connection with the July 2018 closure of ICE Futures Canada and ICE Clear Canada. ICE Futures Canada and ICE Clear Canada were part of our Trading and Clearing segment. Other than these impairments and the impairment related to the 2017 NYSE Governance Services divestiture (Note 3), we did not recognize any other impairment losses on goodwill or other intangible assets during 2019, 2018 or 2017. The changes in other activity, net, in the tables above primarily relate to adjustments to the fair value of the net tangible assets and intangible assets relating to acquisitions, with a corresponding adjustment to goodwill.

Other intangible assets and the related accumulated amortization consisted of the following (in millions):



	As of December 31,						Useful Life (Years)
	2019			2018			Useful Life (Years)
Customer relationships	$	4,510		$	4,406		3 to 25
Technology	544			524			2.5 to 11
Trading products with finite lives	237			237			20
Data/databases	150			150			4 to 10
Market data provider relationships	11			11			20
Non-compete agreements	42			39			1 to 5
Other	36			36			1 to 5
	5,530			5,403
Less accumulated amortization	(1,811		)	(1,532		)
Total finite-lived intangible assets, net	3,719			3,871
Exchange registrations, licenses and contracts with indefinite lives	6,228			6,253
Trade names and trademarks with indefinite lives	280			280
In-process research and development	23			49
Other	8			9
Total indefinite-lived intangible assets	6,539			6,591
Total other intangible assets, net	$	10,258		$	10,462

In 2019, 2018 and 2017, amortization of other intangible assets was $311 million, $289 million and $272 million, respectively. Collectively, the remaining weighted average useful lives of the finite-lived intangible assets is 17.1 years as of December 31, 2019. We expect future amortization expense from the finite-lived intangible assets as of December 31, 2019 to be as follows (in millions):



2020	$	278
2021	261
2022	254
2023	247
2024	290
Thereafter	2,389
	$	3,719