XML 51 R15.htm IDEA: XBRL DOCUMENT v3.25.3
OTHER ASSETS, NET
 9 Months Ended
Sep. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS, NET OTHER ASSETS, NET
Other assets, net consisted of the following as of September 30, 2025 and December 31, 2024 (in millions):
September 30,
2025		December 31,
2024
Software development work in progress$15.0 $18.7 
Data processing software143.8 126.4 
Less accumulated depreciation and amortization(103.7)(98.3)
Data processing software, net55.1 46.8 
Other assets (1)121.9 135.9 
Other assets, net$177.0 $182.7 
___________________________
(1)At September 30, 2025 and December 31, 2024, the majority of the balance included notes receivable, net of allowance, and long-term prepaid assets, respectively. As of September 30, 2025 and December 31, 2024, the notes receivable, net balance was $112.1 million and $124.2 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.
Amortization expense related to data processing software was $2.3 million and $2.5 million for the three months ended September 30, 2025 and 2024, respectively, and $7.3 million and $7.5 million for the nine months ended September 30, 2025 and 2024, respectively.
On July 23, 2025, the Company announced its decision to wind down Cboe's Japanese equities business, including the operations of its Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform. The Company suspended operations for these businesses on August 29, 2025, and expects to formally close the businesses subject to consultation with regulators. As a result, the Company recorded an impairment charge of $2.7 million related to data processing software for the three and nine months ended September 30, 2025.