XML 30 R15.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Intangible Assets and Goodwill | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | INTANGIBLE ASSETS AND GOODWILL Intangible assets consisted of the following at December 31, 2024 and 2023:
|  | 2024 |  | 2023
(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 |  | $ | 4,683.5 |  |  | $ | (2,334.4) |  |  | $ | 2,349.1 |  |  | $ | 4,694.4 |  |  | $ | (2,124.9) |  |  |  | $ | 2,569.5 |
Technology-related intellectual property |  | 62.5 |  |  | (62.5) |  |  | — |  |  | 62.5 |  |  | (62.2) |  |  |  | 0.3 |
Other |  | 71.1 |  |  | (48.6) |  |  | 22.5 |  |  | 71.6 |  |  | (41.2) |  |  |  | 30.4 |
Total Amortizable Intangible Assets |  | $ | 4,817.1 |  |  | $ | (2,445.5) |  |  | $ | 2,371.6 |  |  | $ | 4,828.5 |  |  | $ | (2,228.3) |  |  |  | $ | 2,600.2 |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  |  |  |  |  | 450.0 |  |  |  |  |  |  |  | 450.0 |
Total Intangible Assets—Other, Net |  |  |  |  |  | $ | 2,821.6 |  |  |  |  |  |  |  | $ | 3,050.2 |
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 CFTC. Product authorizations from the CFTC have no term limits. The originally assigned useful lives for the amortizable intangible assets as of December 31, 2024 are as follows:
Clearing firm, market data and other customer relationships | 5 - 30 years
Technology-related intellectual property | 5 - 9 years
Other | 3 - 24.5 years
Total amortization expense for intangible assets was $221.7 million, $226.6 million and $227.7 million for the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024, the future estimated amortization expense related to amortizable intangible assets is expected to be as follows:
(in millions) |
2025 | $ | 221.5 |
2026 | 221.5 |
2027 | 220.2 |
2028 | 213.8 |
2029 | 213.8 |
Thereafter | 1,280.8 |
Goodwill activity consisted of the following for the years ended December 31, 2024 and 2023:
(in millions) |  | Goodwill
Balance at December 31, 2022 |  | $ | 10,482.5 |
Foreign currency translation |  | 12.8 |
Balance at December 31, 2023 |  | 10,495.3 |
Foreign currency translation |  | (8.4) |
Balance at December 31, 2024 |  | $ | 10,486.9 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration