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Acquisitions and Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Schedule of Acquisitions, Purchase Prices and Allocation | The following summarizes our purchase price allocation for material acquisitions to the respective net tangible and identifiable intangible assets and liabilities based on their respective estimated fair values on the date of acquisition. For each acquisition, the excess of the purchase price over the net tangible and identifiable intangible assets has been recorded as goodwill. Cash consideration was gross of $12 million cash held by Simplifile and $15 million cash held by TMC Bonds on the date of each respective acquisition.
| Acquisition Purchase Price Allocation (dollars in millions)
| Simplifile (Preliminary) |  | Useful Life (Years) |  | TMC Bonds |  | Useful Life (Years) |  | BondPoint |  | Useful Life (Years)
Customer relationship intangibles | $ | 104 |  |  | 20 |  | $ | 253 |  |  | 15 |  | $ | 123 |  |  | 15
Developed technology intangibles | 7 |  |  | 7 |  | 7 |  |  | 3 |  | 7 |  |  | 3
Trade name intangibles | 2 |  |  | 5 |  | — |  |  |  |  | — |  |  |
Total identifiable intangible assets | 113 |  |  |  |  | 260 |  |  |  |  | 130 |  |  |
Goodwill | 218 |  |  |  |  | 423 |  |  |  |  | 267 |  |  |
Other working capital adjustments | 7 |  |  |  |  | 17 |  |  |  |  | 3 |  |  |
Total purchase price cash consideration | $ | 338 |  |  |  |  | $ | 700 |  |  |  |  | $ | 400 |  |  |
Company | Acquisition Date | Primary Segment | Description
Simplifile, LC, or Simplifile | June 12, 2019 | Trading and Clearing | Simplifile offers an array of mortgage services, primarily serving as an electronic liaison between lenders, settlement agents and county recording offices, streamlining the local recording of residential mortgage transactions. The transaction expands the ICE Mortgage Services portfolio, which includes MERS. See below for the Simplifile purchase price allocation.
Company | Acquisition Date | Primary Segment | Description
MERSCORP Holdings, Inc., or MERS | October 3, 2018 | Trading and Clearing | MERS was previously a privately held, member-based organization that owned and managed the MERS System, made up of lenders, servicers, sub-servicers, investors and government institutions. MERS is now part of ICE Mortgage Services. Further disclosures and details on our acquisition of MERS is discussed below.
TMC Bonds, LLC, or TMC Bonds | July 23, 2018 | Trading and Clearing | TMC Bonds is an electronic fixed income marketplace, supporting anonymous trading across multiple protocols in various asset classes, including municipals, corporates, treasuries, agencies and certificates of deposit. See below for the TMC Bonds purchase price allocation.
CHX Holdings, Inc., the parent company of the Chicago Stock Exchange, Inc., or CHX | July 18, 2018 | Trading and Clearing | CHX, now named NYSE Chicago, is a full-service stock exchange including trading, data and corporate listings services. NYSE Chicago operates as a registered national securities exchange.
BondPoint | January 2, 2018 | Trading and Clearing | BondPoint was acquired from Virtu Financial, Inc. and is a provider of electronic fixed income trading solutions for the buy-side and sell-side, offering access to centralized liquidity and automated trade execution services through its alternative trading system, or ATS. See below for the BondPoint purchase price allocation.
Bank of America Merrill Lynch, or BofAML’s, Global Research division’s index business, now named ICE BofA indices | October 20, 2017 | Data and Listings | The ICE BofA indices are the second largest group of fixed income indices as measured by assets under management, or AUM, globally.
TMX Atrium | May 1, 2017 | Data and Listings | TMX Atrium was acquired from TMX Group and is a global extranet and wireless services business, from TMX Group. TMX Atrium provides low-latency access to markets and market data across 12 countries, more than 30 major trading venues, and ultra-low latency wireless connectivity to access markets and market data in the Toronto, New Jersey and Chicago metro areas. The wireless assets consist of microwave and millimeter networks that transport market data and provide private bandwidth.
National Stock Exchange, Inc., now named NYSE National | January 31, 2017 | Trading and Clearing | National Stock Exchange, Inc. gave the NYSE group of exchanges, or the NYSE Group, a new U.S. exchange license and is distinct from NYSE Group’s other listings exchanges because NYSE National is only a trading venue and not a listings market. NYSE Group’s other listings exchanges, NYSE, NYSE American, NYSE Arca and NYSE Chicago, have unique market models designed for corporate and ETF issuers. After closing the transaction, NYSE National ceased operations on February 1, 2017. NYSE National re-launched operations and commenced trading in May 2018.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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