v3.25.0.1
Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Acquisitions and Estimated Net Fair Value of the Consideration
The net fair value of the consideration transferred for Black Knight was approximately $11.4 billion as of the acquisition date, which consisted of the following (in millions):
Transaction Consideration
Cash$10,542 
ICE common stock*1,274 
Converted vested Black Knight awards22 
Total purchase price
$11,838 
Less: Divestitures(476)
Total net purchase price$11,362 
* Fair value of the ICE common stock was based on the ICE closing stock price on September 1, 2023, the last business day prior to the closing of the Black Knight acquisition.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The net purchase price allocation is as follows (in millions):
Net Purchase Price Allocation
Cash and cash equivalents
$108 
Property and equipment
120 
Goodwill
9,441 
 Identifiable intangibles4,948 
Debt acquired(2,397)
 Other assets and liabilities, net25 
Deferred tax liabilities on identifiable intangibles
(1,270)
Other deferred tax assets387 
Net purchase price
$11,362 
Schedule of Components of the Preliminary Intangible Assets Associated with the Acquisition
The following table sets forth the components of the intangible assets associated with the acquisition as of December 31, 2024 (in millions, except years):
Acquisition-Date Fair Value
Weighted average life (Years)
Developed Technology
$1,176 10
Trademarks and Trade names
159 19
Customer Relationships
3,034 13
Data and Databases579 10
Total
$4,948 12
Schedule of Business Acquisition, Pro Forma Information The unaudited pro forma financial information does not reflect any synergies or operating cost reductions that have been and may be achieved from the combined operations (in millions).
Year Ended December 31,
 20232022
Total revenues, less transaction-based expenses$8,735 $8,416 
Net income attributable to ICE$2,128 $1,110