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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The following is a summary of the activity in our goodwill balance by segment for the six months ended June 30, 2024 (in millions):
| Exchanges Segment |  | Fixed Income and Data Services Segment |  | Mortgage Technology Segment |  | Total Consolidated
Goodwill balance at December 31, 2023 | $ | 8,155 |  |  | $ | 4,854 |  |  | $ | 17,544 |  |  | $ | 30,553 |
Acquisition | — |  |  | — |  |  | 5 |  |  | 5 |
Foreign currency translation | (8) |  |  | (1) |  |  | — |  |  | (9) |
Other activity, net | — |  |  | — |  |  | 4 |  |  | 4 |
Goodwill balance at June 30, 2024 | $ | 8,147 |  |  | $ | 4,853 |  |  | $ | 17,553 |  |  | $ | 30,553 |
The following is a summary of the activity in our other intangible assets balance for the six months ended June 30, 2024 (in millions):
Other intangible assets balance at December 31, 2023 | $ | 17,317 |
Acquisition | 3 |
Foreign currency translation | (9) |
Amortization of other intangible assets | (506) |
Other intangible assets balance at June 30, 2024 | $ | 16,805 |
Foreign currency translation adjustments result from a portion of our goodwill and other intangible assets being held at our U.K., EU and Canadian subsidiaries, whose functional currencies are not the U.S. dollar. The changes in other activity, net, in the table above primarily relate to adjustments to the fair value of the net tangible assets made within one year of acquisitions, with a corresponding adjustment to goodwill. During the six months ended June 30, 2024, we considered potential indicators of impairment to goodwill and other intangible assets for each of our reporting units, which included continued global inflation concerns and changing interest rates, including their effect on our forecasts, among other things. As such, we performed this assessment to determine whether it was more-likely-than-not that goodwill and indefinite lived intangibles within each of our reporting units were impaired. Additionally, we evaluated whether the carrying value of the finite lived intangible assets within our reporting units may not be recoverable. After evaluating events, circumstances and factors which could affect the significant inputs used in our evaluation of cash flows and related fair value, we determined it was not more-likely-than-not that an impairment existed in our goodwill and indefinite lived intangible assets. With the exception of a $3 million impairment of developed technology within our Exchanges Segment that we recorded in the first quarter of 2024, we determined it was not more-likely-than not that the carrying amount of our finite lived intangible assets was not recoverable. We plan to perform our annual impairment testing in the fourth quarter. The $3 million impairment is included in depreciation and amortization expense within the consolidated statement of income for the six months ended June 30, 2024.

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- 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
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