Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price allocation is as follows (in millions):

	Purchase Price Allocation
Cash and cash equivalents	$	335
Property and equipment	125
Goodwill	7,731
Identifiable intangibles	4,442
Other assets and liabilities, net	48
Deferred tax liabilities on identifiable intangibles	(1,253)
Total purchase price allocation	$	11,428

Schedule of Components of the Preliminary Intangible Assets Associated with the Acquisition

The following table sets forth the components of the intangible assets associated with the acquisition as of December 31, 2021 (in millions, except years):

	Acquisition-Date Fair Value		Accumulated Amortization		Net Book Value		Useful Life (Years)
Customer relationships	$	3,136	$	(215)	$	2,921	10 to 20
Backlog	300		(79)		221		5
Trademark/Tradenames	200		(14)		186		5 to 20
Developed Technology	739		(147)		592		7
In-process Research & Development	67		—		67		N/A
Total	$	4,442	$	(455)	$	3,987

Schedule of Business Acquisition, Pro Forma Information

The unaudited pro forma financial information combines the historical results for us and Ellie Mae for 2020 in the following table (in millions, except per share amounts).

	Year Ended December 31,
	2020		2019
Total revenues, less transaction-based expenses	$	6,644	$	5,832
Net income attributable to ICE	$	2,193	$	1,732

Schedule of Acquisitions, Purchase Prices and Allocation

Company	Acquisition Date	Primary Segment	Description
Ellie Mae Intermediate Holdings I, Inc., and its indirect wholly owned subsidiary, Ellie Mae, Inc. (collectively, Ellie Mae)	September 4, 2020	Mortgage Technology	Ellie Mae is a cloud-based technology solution provider for the mortgage finance industry, and expanded our ICE Mortgage Technology portfolio. Through its digital lending platform, Ellie Mae provides technology solutions to participants in the mortgage supply chain, including over 3,000 customers and thousands of partners and investors who participate on its open network. Originators rely on Ellie Mae to securely manage the exchange of data across the mortgage ecosystem to enable the origination of mortgages while adhering to various local, state and federal compliance requirements. See below for the Ellie Mae purchase price allocation and supplemental pro forma financial information.

Company	Acquisition Date	Primary Segment	Description
Bridge2 Solutions	February 21, 2020	Exchanges	Bridge2 Solutions is a leading provider of loyalty solutions for merchants and consumers. Bridge2 Solutions enables some of the world’s leading brands to engage customers and drive loyalty. It powers incentive and employee perk programs for companies across a wide spectrum of industries. As of October 31, 2021, following the Bakkt transaction discussed below, we no longer consolidate Bridge2 Solutions.
Simplifile, LC, or Simplifile	June 12, 2019	Mortgage Technology	Simplifile offers an array of mortgage services, primarily serving as an electronic liaison between lenders, settlement agents and county recording offices, streamlining the local recording of residential mortgage transactions and is now part of ICE Mortgage Technology. See below for the Simplifile purchase price allocation.

The following summarizes our purchase price allocation for Bridge2 Solutions and Simplifile to the respective net tangible and identifiable intangible assets and liabilities based on their respective estimated fair values on the date of acquisition. For each acquisition, the excess of the purchase price over the net tangible and identifiable intangible assets has been recorded as goodwill. Cash consideration was gross of $12 million cash held by Simplifile on the date of its acquisition. For these acquisitions, revenues and expenses were not material to the periods presented.

	Acquisition Purchase Price Allocation (dollars in millions)
	Bridge2 Solutions		Useful Life (Years)	Simplifile		Useful Life (Years)
Customer relationship intangibles	$	54	12	$	104	20
Developed technology intangibles	12		7	7		7
Trade name intangibles	—		1	2		5
Total identifiable intangible assets	$	66		$	113
Goodwill	217			218
Other working capital adjustments	(22)			7
Total purchase price cash consideration	$	261		$	338