Acquisitions and Divestitures (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Estimated Fair Value of the Consideration

The estimated net fair value of the consideration transferred for Black Knight was approximately $11.4 billion as of the acquisition date, which consisted of the following (in millions):

	Transaction Consideration
Cash	$	10,542
ICE common stock*	1,274
Converted vested Black Knight awards	22
Total preliminary purchase price	$	11,838
Less: Divestitures	(476)
Total net preliminary purchase price	$	11,362

*Fair value of the ICE common stock is based on the ICE closing stock price on September 1, 2023, the last business day prior to the acquisition close.

Schedule of Preliminary Purchase Price Allocation

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

	Net Preliminary Purchase Price Allocation
Cash and cash equivalents	$	108
Property and equipment	119
Goodwill	9,421
Identifiable intangibles	4,948
Debt acquired	(2,397)
Other assets and liabilities, net	78
Deferred tax liabilities on identifiable intangibles	(1,266)
Other deferred tax assets	351
Net preliminary purchase price	$	11,362

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

The following table sets forth the components of the preliminary intangible assets associated with the acquisition as of March 31, 2024 (in millions, except years):

	Acquisition-Date Preliminary Fair Value		Weighted average life (Years)
Developed Technology	$	1,176	10
Trademarks/Tradenames	159		19
Customer Relationships	3,034		13
Data and Databases	579		10
Total	$	4,948	12

Schedule of Business Acquisition Pro Forma Information

	Three months ended March 31, 2023
Total revenues, less transaction-based expenses	$	2,175
Net income attributable to ICE	$	544