v2.4.0.8
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Purchase Price Allocation Table
Goodwill represents potential revenue synergies related to clearing and new product development, expense synergies related to technology and clearing, and opportunities to enter new markets. The preliminary purchase price allocation is as follows (in millions):
Property and equipment
$
637

Goodwill
7,370

Identifiable intangible assets
8,521

Other assets and liabilities, net
180

Deferred tax liabilities on identifiable intangible assets
(2,763
)
Short-term and long-term debt
(2,529
)
Non-controlling interests
(327
)
Total preliminary purchase price allocation
$
11,089
Schedule of Intangible Assets Acquired Table
The following table sets forth the components of the preliminary intangible assets and the net book value as of June 30, 2014 (in millions, except years):
Preliminary Intangible Assets
 
 Preliminary
   Acquisition-Date Fair Value
 
Foreign Currency Translation
 
De-Consolidation of Euronext (Note 13)
 
Accumulated Amortization
 
   Net Book
   Value
 
Useful Life
Exchange registrations and licenses
 
$
6,960

 
$
140

 
$
(1,258
)
 
$
—

 
$
5,842

 
Indefinite
Customer relationships
 
1,128

 
21

 
(165
)
 
(35
)
 
949

 
17-25 years
Trade names
 
320

 
—

 
(30
)
 
(2
)
 
288

 
3 years to Indefinite
Developed technology
 
113

 
1

 
(19
)
 
(23
)
 
72

 
3 years
Total
 
$
8,521

 
$
162

 
$
(1,472
)
 
$
(60
)
 
$
7,151

 
 
Pro Forma Business Acquisition Table
The pro forma financial information combines the historical results for the Company and NYSE for six months and three months ended June 30, 2013 in the following table (in millions, except per share amounts):
 
Six Months Ended 
 June 30, 2013
 
Three Months Ended 
 June 30, 2013
Total revenues, less transaction-based expenses
$
1,558

 
$
795

Operating income
$
733

 
$
374

Income from continuing operations
$
481

 
$
250

Income from discontinued operations, net of tax
$
112

 
$
78

Net income attributable to the Company
$
593

 
$
328

Basic earnings per common share:

 

Continuing operations
$
4.19

 
$
2.17

Discontinued operations
0.98

 
0.68

Basic earnings per share
$
5.17

 
$
2.85

Diluted earnings per common share:

 

Continuing operations
$
4.17

 
$
2.16

Discontinued operations
0.97

 
0.68

Diluted earnings per share
$
5.14

 
$
2.84