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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Recognition

The following table depicts the disaggregation of our revenues according to business line and segment (in millions). Amounts here have been aggregated as they follow consistent revenue recognition patterns, and are consistent with the segment information in Note 15:

			Exchanges Segment						Fixed Income and Data Services Segment						Mortgage Technology Segment						Total Consolidated
Six Months Ended June 30, 2024:
Total revenues (1)			$	3,560					$	1,133					$	1,005					$	5,698
Transaction-based expenses			1,091						—						—						1,091
Total revenues, less transaction-based expenses			$	2,469					$	1,133					$	1,005					$	4,607
Timing of Revenue Recognition
Services transferred at a point in time			$	1,499					$	212					$	220					$	1,931
Services transferred over time			970						921						785						2,676
Total revenues, less transaction-based expenses			$	2,469					$	1,133					$	1,005					$	4,607
(1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $47 million and $72 million recorded in Exchanges and Fixed Income and Data Services segments, respectively.
			Exchanges Segment						Fixed Income and Data Services Segment						Mortgage Technology Segment						Total Consolidated
Three Months Ended June 30, 2024:
Total revenues (1)			$	1,826					$	565					$	506					$	2,897
Transaction-based expenses			580						—						—						580
Total revenues, less transaction-based expenses			$	1,246					$	565					$	506					$	2,317
Timing of Revenue Recognition
Services transferred at a point in time			$	757					$	101					$	114					$	972
Services transferred over time			489						464						392						1,345
Total revenues, less transaction-based expenses			$	1,246					$	565					$	506					$	2,317
(1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $23 million and $34 million recorded in Exchanges and Fixed Income and Data Services segments, respectively.

			Exchanges Segment						Fixed Income and Data Services Segment						Mortgage Technology Segment						Total Consolidated
Six Months Ended June 30, 2023:
Total revenues (1)			$	3,214					$	1,109					$	485					$	4,808
Transaction-based expenses			1,024						—						—						1,024
Total revenues, less transaction-based expenses			$	2,190					$	1,109					$	485					$	3,784
Timing of Revenue Recognition
Services transferred at a point in time			$	1,263					$	229					$	148					$	1,640
Services transferred over time			927						880						337						2,144
Total revenues, less transaction-based expenses			$	2,190					$	1,109					$	485					$	3,784
(1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $44 million and $78 million recorded in Exchanges and Fixed Income and Data Services segments, respectively.
			Exchanges Segment						Fixed Income and Data Services Segment						Mortgage Technology Segment						Total Consolidated
Three Months Ended June 30, 2023:
Total revenues (1)			$	1,541					$	546					$	249					$	2,336
Transaction-based expenses			448						—						—						448
Total revenues, less transaction-based expenses			$	1,093					$	546					$	249					$	1,888
Timing of Revenue Recognition
Services transferred at a point in time			$	628					$	106					$	81					$	815
Services transferred over time			465						440						168						1,073
Total revenues, less transaction-based expenses			$	1,093					$	546					$	249					$	1,888
(1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $20 million and $41 million recorded in Exchanges and Fixed Income and Data Services segments, respectively.

The components of services transferred over time for each of our segments are as follows:

			Six Months Ended June 30,												Three Months Ended June 30,
			2024						2023						2024						2023
Exchanges Segment:
Data services revenues			$	475					$	463					$	240					$	231
Services transferred over time related to risk management of open interest performance obligations			187						151						94						75
Services transferred over time related to listings			244						252						122						126
Services transferred over time related to regulatory fees, trading permits, and software licenses			64						61						33						33
Total			$	970					$	927					$	489					$	465
Fixed Income Data Services Segment:
Data services revenues			$	906					$	864					$	457					$	434
Services transferred over time related to risk management of open interest performance obligations in our CDS business			15						16						7						6
Total			$	921					$	880					$	464					$	440
Mortgage Technology Segment:
Recurring revenues			$	777					$	329					$	387					$	164
Other			8						8						5						4
Total			$	785					$	337					$	392					$	168
Total consolidated revenues transferred over time			$	2,676					$	2,144					$	1,345					$	1,073

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- References

No definition available.

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