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Intangible Assets And Goodwill | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets And Goodwill | Intangible Assets and Goodwill Intangible assets consisted of the following at March 31, 2023 and December 31, 2022:
|  | March 31, 2023 |  | December 31, 2022
(in millions) |  | Assigned Value |  | Accumulated Amortization |  |  |  | Net Book Value |  | Assigned Value |  | Accumulated Amortization |  |  |  | Net Book Value
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Clearing firm, market data and other customer relationships |  | $ | 4,691.3 |  |  | $ | (1,964.2) |  |  |  |  | $ | 2,727.1 |  |  | $ | 4,685.8 |  |  | $ | (1,909.7) |  |  |  |  | $ | 2,776.1 |
Technology-related intellectual property |  | 62.5 |  |  | (57.7) |  |  |  |  | 4.8 |  |  | 62.5 |  |  | (55.8) |  |  |  |  | 6.7 |
Other |  | 70.4 |  |  | (34.9) |  |  |  |  | 35.5 |  |  | 69.5 |  |  | (32.6) |  |  |  |  | 36.9 |
Total amortizable intangible assets |  | $ | 4,824.2 |  |  | $ | (2,056.8) |  |  |  |  | $ | 2,767.4 |  |  | $ | 4,817.8 |  |  | $ | (1,998.1) |  |  |  |  | $ | 2,819.7 |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  |  |  |  |  |  |  | 450.0 |  |  |  |  |  |  |  |  | 450.0 |
Total intangible assets – other, net |  |  |  |  |  |  |  | $ | 3,217.4 |  |  |  |  |  |  |  |  | $ | 3,269.7 |
Trading products (1) |  |  |  |  |  |  |  | $ | 17,175.3 |  |  |  |  |  |  |  |  | $ | 17,175.3 |
(1)Trading products represent futures and options products acquired in our business combinations with CBOT Holdings, Inc., NYMEX Holdings, Inc. and The Board of Trade of Kansas City, Missouri, Inc. Clearing and transaction fees are generated through the trading of these products. These trading products, most of which have traded for decades, require authorization from the Commodity Futures Trading Commission (CFTC). Product authorizations from the CFTC have no term limits. Total amortization expense for intangible assets was $56.8 million and $58.4 million for the quarters ended March 31, 2023 and 2022, respectively. As of March 31, 2023, the future estimated amortization expense related to amortizable intangible assets is expected to be as follows:
(in millions) | Amortization Expense
Remainder of 2023 | $ | 171.1 |
2024 | 221.8 |
2025 | 221.8 |
2026 | 221.8 |
2027 | 220.5 |
2028 | 214.2 |
Thereafter | 1,496.2 |
Goodwill activity consisted of the following for the periods ended March 31, 2023 and December 31, 2022:
(in millions) |  | Balance at December 31, 2022 |  |  |  |  | Other Activity (1) |  | Balance at March 31, 2023
CBOT Holdings |  | $ | 5,066.4 |  |  |  |  |  | $ | — |  |  | $ | 5,066.4 |
NYMEX Holdings |  | 2,462.2 |  |  |  |  |  | — |  |  | 2,462.2 |
NEX |  | 2,913.5 |  |  |  |  |  | 8.0 |  |  | 2,921.5 |
Other |  | 40.4 |  |  |  |  |  | — |  |  | 40.4 |
Total Goodwill |  | $ | 10,482.5 |  |  |  |  |  | $ | 8.0 |  |  | $ | 10,490.5 |
(in millions) |  | Balance at December 31, 2021 |  |  |  |  | Other Activity (1) |  | Balance at December 31, 2022
CBOT Holdings |  | $ | 5,066.4 |  |  |  |  |  | $ | — |  |  | $ | 5,066.4 |
NYMEX Holdings |  | 2,462.2 |  |  |  |  |  | — |  |  | 2,462.2 |
NEX |  | 2,959.0 |  |  |  |  |  | (45.5) |  |  | 2,913.5 |
Other |  | 40.4 |  |  |  |  |  | — |  |  | 40.4 |
Total Goodwill |  | $ | 10,528.0 |  |  |  |  |  | $ | (45.5) |  |  | $ | 10,482.5 |
__________ (1) Other activity includes currency translation adjustments.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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