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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Goodwill | The following is a summary of the activity in our goodwill balance by segment (in millions):
| Exchanges Segment |  | Fixed Income and Data Services Segment |  | Mortgage Technology Segment |  | Total Consolidated
Goodwill balance at January 1, 2023 | $ | 8,134 |  |  | $ | 4,850 |  |  | $ | 8,127 |  |  | $ | 21,111 |
Acquisitions | — |  |  | — |  |  | 9,417 |  |  | 9,417 |
Foreign currency translation | 21 |  |  | 3 |  |  | — |  |  | 24 |
Other activity, net | — |  |  | 1 |  |  | — |  |  | 1 |
Goodwill balance at December 31, 2023 | $ | 8,155 |  |  | $ | 4,854 |  |  | $ | 17,544 |  |  | $ | 30,553 |
Acquisitions | — |  |  | — |  |  | 39 |  |  | 39 |
Foreign currency translation | (19) |  |  | (1) |  |  | (1) |  |  | (21) |
Other activity, net | — |  |  | — |  |  | 24 |  |  | 24 |
Goodwill balance at December 31, 2024 | $ | 8,136 |  |  | $ | 4,853 |  |  | $ | 17,606 |  |  | $ | 30,595 |
The following is a summary of the activity in our other intangible assets balance (in millions):
Other intangible assets balance at January 1, 2023 | $ | 13,090 |
Acquisitions | 4,953 |
Foreign currency translation | 21 |
Amortization of other intangible assets | (749) |
Other activity, net | 2 |
Other intangible assets balance at December 31, 2023 | $ | 17,317 |
Acquisitions | 21 |
Foreign currency translation | (20) |
Amortization of other intangible assets | (1,012) |
Other intangible assets balance at December 31, 2024 | $ | 16,306 |
Other intangible assets and the related accumulated amortization consisted of the following (in millions):
| As of December 31, 2024 |  | As of December 31, 2023
| Gross |  | Accumulated Amortization |  | Net Book Value |  | Gross |  | Accumulated Amortization |  | Net Book Value
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 10,874 |  |  | $ | (3,299) |  |  | $ | 7,575 |  |  | $ | 10,870 |  |  | $ | (2,641) |  |  | $ | 8,229 |
Technology | 2,549 |  |  | (1,191) |  |  | 1,358 |  |  | 2,497 |  |  | (934) |  |  | 1,563 |
Trading products with finite lives | 202 |  |  | (149) |  |  | 53 |  |  | 205 |  |  | (141) |  |  | 64 |
Data and databases | 746 |  |  | (230) |  |  | 516 |  |  | 745 |  |  | (170) |  |  | 575 |
Trademarks and trade names | 386 |  |  | (87) |  |  | 299 |  |  | 386 |  |  | (67) |  |  | 319 |
Other | 51 |  |  | (43) |  |  | 8 |  |  | 51 |  |  | (42) |  |  | 9 |
Total finite-lived intangible assets | 14,808 |  |  | (4,999) |  |  | 9,809 |  |  | 14,754 |  |  | (3,995) |  |  | 10,759 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Exchange registrations, licenses and contracts with indefinite lives | 6,209 |  |  | — |  |  | $ | 6,209 |  |  | 6,223 |  |  | — |  |  | 6,223 |
Trademarks and trade names with indefinite lives | 280 |  |  | — |  |  | $ | 280 |  |  | 280 |  |  | — |  |  | 280 |
In-process research and development | — |  |  | — |  |  | $ | — |  |  | 47 |  |  | — |  |  | 47 |
Other | 8 |  |  | — |  |  | $ | 8 |  |  | 8 |  |  | — |  |  | 8 |
Total indefinite-lived intangible assets | 6,497 |  |  | — |  |  | 6,497 |  |  | 6,558 |  |  | — |  |  | 6,558 |
Total other intangible assets | $ | 21,305 |  |  | $ | (4,999) |  |  | $ | 16,306 |  |  | $ | 21,312 |  |  | $ | (3,995) |  |  | $ | 17,317 |
Schedule of Future Amortization Expense | We expect future amortization expense from the finite-lived intangible assets as of December 31, 2024 to be as follows (in millions):
2025 | $ | 991 |
2026 | 943 |
2027 | 897 |
2028 | 800 |
2029 | 766 |
Thereafter | 5,412 |
| $ | 9,809 |

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