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Intangible Assets And Goodwill (Tables)
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of intangible assets
Intangible assets consisted of the following at March 31, 2023 and December 31, 2022:
 
 March 31, 2023December 31, 2022
(in millions)Assigned ValueAccumulated
Amortization		Net Book
Value		Assigned ValueAccumulated
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 property62.5 (57.7)4.8 62.5 (55.8)6.7 
Other70.4 (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 names450.0 450.0 
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.
Future estimated amortization expense 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 
2024221.8 
2025221.8 
2026221.8 
2027220.5 
2028214.2 
Thereafter1,496.2 
Schedule of Goodwill
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 Holdings2,462.2 — 2,462.2 
NEX2,913.5 8.0 2,921.5 
Other40.4 — 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 Holdings2,462.2 — 2,462.2 
NEX2,959.0 (45.5)2,913.5 
Other40.4 — 40.4 
Total Goodwill$10,528.0 $(45.5)$10,482.5 
__________
(1) Other activity includes currency translation adjustments.