OTHER ASSETS, NET

9 Months Ended

Sep. 30, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other assets, net consisted of the following as of September 30, 2024 and December 31, 2023 (in millions):


	September 30, 2024		December 31, 2023
Software development work in progress	$	16.1	$	3.5
Data processing software	127.7		128.1
Less accumulated depreciation and amortization	(96.3)		(88.3)
Data processing software, net	47.5		43.3
Other assets (1)	173.3		163.0
Other assets, net	$	220.8	$	206.3

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(1)At September 30, 2024, the majority of the balance included notes receivable, net of allowance, and long-term prepaid assets. At 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 September 30, 2024 and December 31, 2023, the notes receivable, net balance was $157.2 million and $136.9 million, respectively. See Note 5 (“Property and Equipment, Net”) and 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 and the repurchase of Cboe Digital Restricted Common Units and Warrant Units included within other assets, net on the condensed consolidated balance sheet at December 31, 2023. As of September 30, 2024 and December 31, 2023, the contra-revenue asset balance was zero and $18.1 million, respectively.

Amortization expense related to data processing software was $2.5 million and $2.1 million for the three months ended September 30, 2024 and 2023, respectively, and $7.5 million and $6.2 million for the nine months ended September 30, 2024 and 2023, respectively.