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Goodwill and Acquired Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The following table presents the changes in goodwill by business segment during the three months ended March 31, 2017:

	Market Services				Corporate Services				Information Services				Market Technology				Total
	(in millions)
Balance at December 31, 2016	$	3,390			$	674			$	1,806			$	157			$	6,027
Foreign currency translation adjustment	22				3				13				5				43
Balance at March 31, 2017	$	3,412			$	677			$	1,819			$	162			$	6,070

Schedule of Acquired Finite-Lived Intangible Assets

The following table presents details of our total acquired intangible assets, both finite- and indefinite-lived:

	March 31, 2017														December 31, 2016
	Gross Amount				Accumulated Amortization				Net Amount				Weighted-Average Useful Life (in Years)		Gross Amount				Accumulated Amortization				Net Amount				Weighted-Average Useful Life (in Years)
	(in millions)														(in millions)
Finite-Lived Intangible Assets
Technology	$	38			$	(25	)		$	13			5		$	38			$	(24	)		$	14			5
Customer relationships	1,394				(485		)		909				18		1,394				(464		)		930				18
Other	7				(6		)		1				6		7				(6		)		1				6
Foreign currency translation adjustment	(153		)		56				(97		)				(160		)		58				(102		)
Total finite-lived intangible assets	$	1,286			$	(460	)		$	826					$	1,279			$	(436	)		$	843
Indefinite-Lived Intangible Assets
Exchange and clearing registrations	$	1,257			$	—			$	1,257					$	1,257			$	—			$	1,257
Trade names	129				—				129						130				—				130
Licenses	52				—				52						52				—				52
Foreign currency translation adjustment	(182		)		—				(182		)				(188		)		—				(188		)
Total indefinite-lived intangible assets	$	1,256			$	—			$	1,256					$	1,251			$	—			$	1,251
Total intangible assets	$	2,542			$	(460	)		$	2,082					$	2,530			$	(436	)		$	2,094

Schedule of Acquired Indefinite-lived Intangible Assets

The following table presents details of our total acquired intangible assets, both finite- and indefinite-lived:

	March 31, 2017														December 31, 2016
	Gross Amount				Accumulated Amortization				Net Amount				Weighted-Average Useful Life (in Years)		Gross Amount				Accumulated Amortization				Net Amount				Weighted-Average Useful Life (in Years)
	(in millions)														(in millions)
Finite-Lived Intangible Assets
Technology	$	38			$	(25	)		$	13			5		$	38			$	(24	)		$	14			5
Customer relationships	1,394				(485		)		909				18		1,394				(464		)		930				18
Other	7				(6		)		1				6		7				(6		)		1				6
Foreign currency translation adjustment	(153		)		56				(97		)				(160		)		58				(102		)
Total finite-lived intangible assets	$	1,286			$	(460	)		$	826					$	1,279			$	(436	)		$	843
Indefinite-Lived Intangible Assets
Exchange and clearing registrations	$	1,257			$	—			$	1,257					$	1,257			$	—			$	1,257
Trade names	129				—				129						130				—				130
Licenses	52				—				52						52				—				52
Foreign currency translation adjustment	(182		)		—				(182		)				(188		)		—				(188		)
Total indefinite-lived intangible assets	$	1,256			$	—			$	1,256					$	1,251			$	—			$	1,251
Total intangible assets	$	2,542			$	(460	)		$	2,082					$	2,530			$	(436	)		$	2,094

Estimated Future Amortization Expense

The estimated future amortization expense (excluding the impact of foreign currency translation adjustments of $97 million as of March 31, 2017) of acquired finite-lived intangible assets as of March 31, 2017 is as follows:

	(in millions)
2017(1)	$	72
2018	90
2019	76
2020	75
2021	74
2022 and thereafter	536
Total	$	923

____________

⁽¹⁾  Represents the estimated amortization to be recognized for the remaining nine months of 2017.

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Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 30
-Section 50
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Tabular disclosure of acquired indefinite-lived intangible assets. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. Indefinite-lived assets are assets that are not subject to amortization. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total.

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-Publisher FASB
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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