Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Estimated Fair Value of the Consideration

The estimated fair value of the consideration transferred for Black Knight was approximately $11.3 billion as of the acquisition date, which consisted of the following (in millions):

	Transaction Consideration
Cash	$	10,542
ICE common stock	1,256
Converted unvested Black Knight awards	22
Total preliminary purchase price	$	11,820
Less: Divestitures	(476)
Total net preliminary purchase price	$	11,344

Schedule of Preliminary Purchase Price Allocation

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

	Preliminary Purchase Price
Cash and cash equivalents	$	58
Property and equipment	147
Goodwill	9,349
Identifiable intangibles	4,991
Debt acquired	(2,389)
Other assets and liabilities, net	154
Deferred tax liabilities on identifiable intangibles	(1,276)
Other deferred tax assets	310
Preliminary purchase price	$	11,344

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 September 30, 2023 (in millions, except years):

	Acquisition-Date Preliminary Fair Value		Accumulated Amortization		Net Book Value		Useful Life (Years)
Developed Technology	$	1,129	$	(9)	$	1,120	2 to 10
Trademarks/Tradenames	159		(1)		158		5 to 20
Customer Relationships	3,077		(19)		3,058		1 to 15
Data and Databases	579		(5)		574		10
In-process Research & Development	47		—		47		N/A
Total	$	4,991	$	(34)	$	4,957