Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary purchase price allocation is as follows (in millions):

	Preliminary Purchase Price Allocation
Cash and cash equivalents	$	335
Property and equipment	127
Goodwill	7,726
Identifiable intangibles	4,442
Other assets and liabilities, net	51
Deferred tax liabilities on identifiable intangibles	(1,253)
Total preliminary purchase price allocation	$	11,428

Schedule of Components of the Preliminary Intangible Assets Associated with the Acquisition

The following table sets forth the components of the preliminary intangible assets associated with the acquisition as of June 30, 2021 (in millions, except years):

	Acquisition-Date Preliminary Fair Value		Accumulated Amortization		Net Book Value		Useful Life (Years)
Customer relationships	$	3,136	$	(133)	$	3,003	10 to 20
Backlog	300		(49)		251		5
Trademark/Tradenames	200		(9)		191		5 to 20
Developed Technology	739		(89)		650		7
In-process Research & Development	67		—		67		N/A
Total	$	4,442	$	(280)	$	4,162

Schedule of Business Acquisition, Pro Forma Information

The unaudited pro forma financial information combines the historical results for us and Ellie Mae for the six months and three months ended June 30, 2020 in the following table (in millions).

	Six Months Ended June 30, 2020		Three Months Ended June 30, 2020
Total revenues, less transaction-based expenses	$	3,362	$	1,629
Net income attributable to ICE	$	1,141	$	533