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Goodwill and Acquired Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2022
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, 2022:
| (in millions)
Market Technology |
Balance at December 31, 2021 | $ | 2,171 |
Foreign currency translation adjustments | (5) |
Balance at March 31, 2022 | $ | 2,166 |
Investment Intelligence |
Balance at December 31, 2021 | $ | 2,428 |
Foreign currency translation adjustments | (35) |
Balance at March 31, 2022 | $ | 2,393 |
Corporate Platforms |
Balance at December 31, 2021 | $ | 469 |
Foreign currency translation adjustments | (6) |
Balance at March 31, 2022 | $ | 463 |
Market Services |
Balance at December 31, 2021 | $ | 3,365 |
Foreign currency translation adjustments | (49) |
Balance at March 31, 2022 | $ | 3,316 |
Total |
Balance at December 31, 2021 | $ | 8,433 |
Foreign currency translation adjustments | (95) |
Balance at March 31, 2022 | $ | 8,338 |
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, 2022 |  | December 31, 2021 |  |  |  |  |  |  |  |  |  |
Finite-Lived Intangible Assets | (in millions) |  |  |  |  |  |  |  |  |  |
Gross Amount |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | $ | 294 |  |  | $ | 295 |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 2,050 |  |  | 2,050 |  |  |  |  |  |  |  |  |  |  |
Trade names and other | 60 |  |  | 60 |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (156) |  |  | (143) |  |  |  |  |  |  |  |  |  |  |
Total gross amount | $ | 2,248 |  |  | $ | 2,262 |  |  |  |  |  |  |  |  |  |  |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | $ | (64) |  |  | $ | (54) |  |  |  |  |  |  |  |  |  |  |
Customer relationships | (740) |  |  | (711) |  |  |  |  |  |  |  |  |  |  |
Trade names and other | (12) |  |  | (11) |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | 88 |  |  | 81 |  |  |  |  |  |  |  |  |  |  |
Total accumulated amortization | $ | (728) |  |  | $ | (695) |  |  |  |  |  |  |  |  |  |  |
Net Amount |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | $ | 230 |  |  | $ | 241 |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 1,310 |  |  | 1,339 |  |  |  |  |  |  |  |  |  |  |
Trade names and other | 48 |  |  | 49 |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (68) |  |  | (62) |  |  |  |  |  |  |  |  |  |  |
Total finite-lived intangible assets | $ | 1,520 |  |  | $ | 1,567 |  |  |  |  |  |  |  |  |  |  |
Indefinite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Exchange and clearing registrations | $ | 1,257 |  |  | $ | 1,257 |  |  |  |  |  |  |  |  |  |  |
Trade names | 121 |  |  | 121 |  |  |  |  |  |  |  |  |  |  |
Licenses | 52 |  |  | 52 |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (199) |  |  | (184) |  |  |  |  |  |  |  |  |  |  |
Total indefinite-lived intangible assets | $ | 1,231 |  |  | $ | 1,246 |  |  |  |  |  |  |  |  |  |  |
Total intangible assets, net | $ | 2,751 |  |  | $ | 2,813 |  |  |  |  |  |  |  |  |  |  |
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, 2022 |  | December 31, 2021 |  |  |  |  |  |  |  |  |  |
Finite-Lived Intangible Assets | (in millions) |  |  |  |  |  |  |  |  |  |
Gross Amount |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | $ | 294 |  |  | $ | 295 |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 2,050 |  |  | 2,050 |  |  |  |  |  |  |  |  |  |  |
Trade names and other | 60 |  |  | 60 |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (156) |  |  | (143) |  |  |  |  |  |  |  |  |  |  |
Total gross amount | $ | 2,248 |  |  | $ | 2,262 |  |  |  |  |  |  |  |  |  |  |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | $ | (64) |  |  | $ | (54) |  |  |  |  |  |  |  |  |  |  |
Customer relationships | (740) |  |  | (711) |  |  |  |  |  |  |  |  |  |  |
Trade names and other | (12) |  |  | (11) |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | 88 |  |  | 81 |  |  |  |  |  |  |  |  |  |  |
Total accumulated amortization | $ | (728) |  |  | $ | (695) |  |  |  |  |  |  |  |  |  |  |
Net Amount |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | $ | 230 |  |  | $ | 241 |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 1,310 |  |  | 1,339 |  |  |  |  |  |  |  |  |  |  |
Trade names and other | 48 |  |  | 49 |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (68) |  |  | (62) |  |  |  |  |  |  |  |  |  |  |
Total finite-lived intangible assets | $ | 1,520 |  |  | $ | 1,567 |  |  |  |  |  |  |  |  |  |  |
Indefinite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Exchange and clearing registrations | $ | 1,257 |  |  | $ | 1,257 |  |  |  |  |  |  |  |  |  |  |
Trade names | 121 |  |  | 121 |  |  |  |  |  |  |  |  |  |  |
Licenses | 52 |  |  | 52 |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (199) |  |  | (184) |  |  |  |  |  |  |  |  |  |  |
Total indefinite-lived intangible assets | $ | 1,231 |  |  | $ | 1,246 |  |  |  |  |  |  |  |  |  |  |
Total intangible assets, net | $ | 2,751 |  |  | $ | 2,813 |  |  |  |  |  |  |  |  |  |  |
Finite-lived Intangible Assets Amortization Expense | The following table presents our amortization expense for acquired finite-lived intangible assets:
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |
| (in millions) |  |
Amortization expense | $ | 40 |  |  | $ | 36 |  |  |
Schedule of Estimated Future Amortization Expense | The table below presents the estimated future amortization expense (excluding the impact of foreign currency translation adjustments of $68 million as of March 31, 2022) of acquired finite-lived intangible assets as of March 31, 2022:
| (in millions)
Remainder of 2022 | $ | 120 |
2023 | 157 |
2024 | 152 |
2025 | 149 |
2026 | 147 |
2027+ | 863 |
Total | $ | 1,588 |

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