Intangible Assets And Goodwill (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Components of intangible assets

Intangible assets consisted of the following at March 31, 2020 and December 31, 2019:

 

	March 31, 2020							December 31, 2019
(in millions)	Assigned Value		Accumulated Amortization			Net Book Value		Assigned Value		Accumulated Amortization			Net Book Value
Amortizable Intangible Assets:
Clearing firm, market data and other customer relationships	$	5,756.6	$	(1,411.4	)	$	4,345.2	$	5,797.1	$	(1,346.0	)	$	4,451.1
Technology-related intellectual property	170.1		(51.0		)	119.1		174.3		(46.6		)	127.7
Other	100.9		(17.3		)	83.6		103.8		(14.9		)	88.9
Total amortizable intangible assets	$	6,027.6	$	(1,479.7	)	4,547.9		$	6,075.2	$	(1,407.5	)	4,667.7
Indefinite-Lived Intangible Assets:
Trade names						450.0							450.0
Total intangible assets – other, net						$	4,997.9						$	5,117.7
Trading products (1)						$	17,175.3						$	17,175.3

(1)

Trading products represent futures and options products acquired in our business combinations with CBOT Holdings, Inc., NYMEX Holdings, Inc. and The Board of Trade of Kansas City, Missouri, Inc. Clearing and transaction fees are generated through the trading of these products. These trading products, most of which have traded for decades, require authorization from the Commodity Futures Trading Commission (CFTC). Product authorizations from the CFTC have no term limits.

Future estimated amortization expense

As of March 31, 2020, the future estimated amortization expense related to amortizable intangible assets is expected to be as follows:

(in millions)	Amortization Expense
Remainder of 2020	$	231.7
2021	308.9
2022	308.5
2023	307.2
2024	300.5
2025	300.3
Thereafter	2,790.8