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OTHER ASSETS, NET

3 Months Ended

Mar. 31, 2024

7. OTHER ASSETS, NET

Other assets, net consisted of the following as of March 31, 2024 and December 31, 2023 (in millions):


	March 31,		December 31,
	2024		2023
Software development work in progress	$	4.8	$	3.5
Data processing software		127.5		128.1
Less accumulated depreciation and amortization		(91.0)		(88.3)
Data processing software, net		41.3		43.3
Other assets (1)		168.1		163.0
Other assets, net	$	209.4	$	206.3

(1)

At March 31, 2024 and December 31, 2023, the majority of the balance included notes receivable, net of allowance, a contra-revenue asset, and long-term prepaid assets. As of March 31, 2024 and December 31, 2023, the notes receivable, net balance was $142.6 million and $136.9 million, respectively. See Note 6 (“Credit Losses”) for more information on the notes receivable, net of allowance, 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 Warrant Units included within other assets, net on the condensed consolidated balance sheets. As of March 31, 2024 and December 31, 2023, the contra-revenue asset balance was $17.0 million and $18.1 million, respectively.

Amortization expense related to data processing software was $2.5 million and $2.0 million for the three months ended March 31, 2024 and 2023, respectively.