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OTHER ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2023
OTHER ASSETS, NET  
Schedule of other assets, net

Other assets, net consisted of the following as of June 30, 2023 and December 31, 2022 (in millions):

June 30, 

December 31, 

    

2023

    

2022

Software development work in progress

$

6.3

$

8.9

Data processing software

115.8

124.2

Less accumulated depreciation and amortization

 

(83.5)

 

(78.8)

Data processing software, net

 

38.6

 

54.3

Other assets (1)

142.5

127.6

Other assets, net

$

181.1

$

181.9

(1) At June 30, 2023 and December 31, 2022, the majority of the balance included notes receivable, net of allowance, a contra-revenue asset, and long-term prepaid assets. As of June 30, 2023 and December 31, 2022, the notes receivable, net balance was $122.0 million and $102.9 million, respectively. See Note 6 (“Credit Losses”) for more information on the notes receivable included within other assets, net on the condensed consolidated balance sheets. See Note 17 (“Stock-Based Compensation”) for more information on the contra-revenue asset related to the issuance of Cboe Digital Restricted Common Units and Warrants included within other assets, net on the condensed consolidated balance sheets. As of June 30, 2023 and December 31, 2022, the contra-revenue asset balance was $17.8 million and $19.9 million, respectively.