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Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Fair Value of the Consideration
The net fair value of the consideration transferred for Black Knight was approximately $11.4 billion as of the acquisition date, which consisted of the following (in millions):
Transaction Consideration
Cash$10,542 
ICE common stock*1,274 
Converted vested Black Knight awards22 
Total purchase price
$11,838 
Less: Divestitures(476)
Total net purchase price$11,362 
*Fair value of the ICE common stock was based on the ICE closing stock price on September 1, 2023, the last business day prior to the acquisition close.
Schedule of Purchase Price Allocation The net purchase price allocation is as follows (in millions):
Net Purchase Price Allocation
Cash and cash equivalents
$108 
Property and equipment
120 
Goodwill
9,441 
 Identifiable intangibles4,948 
Debt acquired(2,397)
 Other assets and liabilities, net25 
Deferred tax liabilities on identifiable intangibles
(1,270)
Other deferred tax assets387 
Net purchase price$11,362 
Schedule of Components of the Intangible Assets Associated with the Acquisition
The following table sets forth the components of the intangible assets associated with the acquisition as of September 30, 2024 (in millions, except years):
Acquisition-Date Fair Value
Weighted average life (Years)
Developed Technology
$1,176 10
Trademarks/Tradenames
159 19
Customer Relationships
3,034 13
Data and Databases579 10
Total
$4,948 12
Schedule of Business Acquisition Pro Forma Information
 
Nine Months Ended September 30, 2023
Three Months Ended September 30, 2023
Total revenues, less transaction-based expenses$6,534 $2,190 
Net income attributable to ICE$1,755 $474