Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial data for our business segments is as follows for 2023, 2022 and 2021 (in millions):

	Year Ended December 31, 2023
	Exchanges		Fixed Income and Data Services		Mortgage Technology		Consolidated
Revenues:
Energy futures and options	$	1,498	$	—	$	—	$	1,498
Agricultural and metals futures and options	271		—		—		271
Financial futures and options	460		—		—		460
Cash equities and equity options	2,298		—		—		2,298
OTC and other	398		—		—		398
Data and connectivity services	933		—		—		933
Listings	497		—		—		497
Fixed income execution	—		124		—		124
CDS clearing	—		360		—		360
Fixed income data and analytics	—		1,118		—		1,118
Other data and network services	—		629		—		629
Origination technology	—		—		694		694
Closing solutions	—		—		179		179
Servicing software	—		—		288		288
Data and analytics	—		—		156		156
Revenues	6,355		2,231		1,317		9,903
Transaction-based expenses	1,915		—		—		1,915
Revenues, less transaction-based expenses	4,440		2,231		1,317		7,988
Operating expenses	1,281		1,420		1,593		4,294
Operating income	$	3,159	$	811	$	(276)	$	3,694

	Year Ended December 31, 2022
	Exchanges		Fixed Income and Data Services		Mortgage Technology		Consolidated
Revenues:
Energy futures and options	$	1,162	$	—	$	—	$	1,162
Agricultural and metals futures and options	235		—		—		235
Financial futures and options	475		—		—		475
Cash equities and equity options	2,722		—		—		2,722
OTC and other	429		—		—		429
Data and connectivity services	877		—		—		877
Listings	515		—		—		515
Fixed income execution	—		101		—		101
CDS clearing	—		305		—		305
Fixed income data and analytics	—		1,098		—		1,098
Other data and network services	—		588		—		588
Origination technology	—		—		798		798
Closing solutions	—		—		239		239
Servicing software	—		—		—		—
Data and analytics	—		—		92		92
Revenues	6,415		2,092		1,129		9,636
Transaction-based expenses	2,344		—		—		2,344
Revenues, less transaction-based expenses	4,071		2,092		1,129		7,292
Operating expenses	1,209		1,373		1,072		3,654
Operating income	$	2,862	$	719	$	57	$	3,638

	Year Ended December 31, 2021
	Exchanges		Fixed Income and Data Services		Mortgage Technology		Consolidated
Revenues:
Energy futures and options	$	1,236	$	—	$	—	$	1,236
Agricultural and metals futures and options	228		—		—		228
Financial futures and options	394		—		—		394
Cash equities and equity options	2,377		—		—		2,377
OTC and other	326		—		—		326
Data and connectivity services	838		—		—		838
Listings	479		—		—		479
Fixed income execution	—		52		—		52
CDS clearing	—		192		—		192
Fixed income data and analytics	—		1,082		—		1,082
Other data and network services	—		557		—		557
Origination technology	—		—		1,012		1,012
Closing solutions	—		—		319		319
Servicing software	—		—		—		—
Data and analytics	—		—		76		76
Revenues	5,878		1,883		1,407		9,168
Transaction-based expenses	2,022		—		—		2,022
Revenues, less transaction-based expenses	3,856		1,883		1,407		7,146
Operating expenses	1,333		1,354		1,010		3,697
Operating income	$	2,523	$	529	$	397	$	3,449

Schedule of Geographical Segments

The following represents our revenues, less transaction-based expenses, net assets and net property and equipment based on the geographic location (in millions):

	United States		Foreign Countries		Total
Revenues, less transaction-based expenses:
Year ended December 31, 2023	$	5,246	$	2,742	$	7,988
Year ended December 31, 2022	$	4,867	$	2,425	$	7,292
Year ended December 31, 2021	$	4,832	$	2,314	$	7,146
Net assets:
As of December 31, 2023	$	18,327	$	7,459	$	25,786
As of December 31, 2022	$	15,226	$	7,535	$	22,761
Property and equipment, net:
As of December 31, 2023	$	1,688	$	235	$	1,923
As of December 31, 2022	$	1,598	$	169	$	1,767