Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Acquisitions and Estimated Net Fair Value of the Consideration

The 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 purchase price	$	11,838
Less: Divestitures	(476)
Total net purchase price	$	11,362

* Fair value of the ICE common stock was based on the ICE closing stock price on September 1, 2023, the last business day prior to the closing of the Black Knight acquisition, multiplied by the 10.9 million shares of ICE common stock issued to Black Knight stockholders.

Business Combination, Recognized Asset Acquired and Liability Assumed

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

	Net Purchase Price Allocation
Cash and cash equivalents	$	108
Property and equipment	120
Goodwill	9,441
Identifiable intangibles	4,948
Debt acquired	(2,397)
Other assets and liabilities, net	25
Deferred tax liabilities on identifiable intangibles	(1,270)
Other deferred tax assets	387
Net 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 intangible assets associated with the acquisition (in millions, except years):

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

Schedule of Business Acquisition, Pro Forma Information

The unaudited pro forma financial information does not reflect any synergies or operating cost reductions that have been and may be achieved from the combined operations (in millions).

	Year Ended December 31, 2023
Total revenues, less transaction-based expenses	$	8,735
Net income attributable to ICE	$	2,128