Intercontinental Exchange (ICE) 10-K 4 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 02, 2016	Jun. 30, 2015
Document Information [Abstract]
Entity Registrant name	Intercontinental Exchange, Inc.
Entity Central Index Key	1,571,949
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		118,887,696
Entity Well-known seasoned issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 24,399,732,198

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 627	$ 652
Short-term investments	29	1,200
Short-term restricted cash and investments	657	329
Customer accounts receivable, net of allowance for doubtful accounts of $1 at December 31, 2013 and 2012	700	508
Deposits Assets	51,169	47,458
Prepaid expenses and other current assets	131	85
Total current assets	53,313	50,232
Property and equipment, net	1,037	874
Other noncurrent assets:
Goodwill	12,079	8,535
Other intangible assets, net	10,758	7,780
Long-term restricted cash	263	297
Long-term investments	299	379
Other noncurrent assets	23,637	17,148
Other noncurrent assets	238	157
Total assets	77,987	68,254
Current liabilities:
Accounts payable and accrued liabilities	398	409
Section 31 Fees Payable, Current	116	137
Accrued salaries and benefits	215	205
Deferred Revenue, Current	98	69
Current portion of long-term debt	2,591	2,042
Deposit Liability, Current	51,169	47,458
Other current liabilities	156	116
Total current liabilities	54,743	50,436
Non-current liabilities:
Noncurrent deferred tax liability, net	2,837	2,028
Long-term debt	4,717	2,235
Accrued employee benefits	478	516
Long-term debt	7,308
Other noncurrent liabilities	337	482
Total noncurrent liabilities	8,369	5,261
Total liabilities	63,112	55,697
Redeemable non-controlling interest	$ 35	$ 165
Commitments and contingencies
IntercontinentalExchange Group, Inc. shareholders’ equity:
Preferred stock, $0.01 par value; 100 shares authorized; no shares issued or outstanding at December 31, 2013 and 2012	$ 0	$ 0
Common stock, $0.01 par value; 500 shares authorized; 115 and 80 shares issued at December 31, 2013 and 2012, respectively; 115 and 73 shares outstanding at December 31, 2013 and 2012, respectively	1	1
Treasury stock, at cost; 0 and 7 shares at December 31, 2013 and 2012, respectively	(1,448)	(743)
Additional paid-in capital	12,295	9,938
Retained earnings	4,148	3,210
Accumulated other comprehensive loss	(188)	(46)
Total IntercontinentalExchange Group, Inc. shareholders’ equity	14,808	12,360
Non-controlling interest in consolidated subsidiaries	32	32
Total equity	14,840	12,392
Total liabilities and equity	$ 77,987	$ 68,254

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowance for Doubtful Accounts Receivable, Current	$ 2	$ 1
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	100,000	100,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	500,000	500,000
Common Stock, Shares, Issued	126,000	116,000
Common Stock, Shares, Outstanding	119,000	113,000
Treasury Stock, Shares	7,000	3,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	$ 0	$ 0.09	$ (0.63)
Revenues:
Clearing Fees Revenue	$ 3,228	$ 3,144	$ 1,393
Market Data Revenue	871	691	246
Listing fees	405	367	33
Other revenues	178	150	58
Total revenues	4,682	4,352	1,730
Transaction-based expenses:
Exchange Fees	349	359	32
Liquidity payments	995	901	100
Revenues, less transaction-based expenses	3,338	3,092	1,598
Operating expenses:
Compensation and benefits	611	592	302
Technology and communication	203	188	63
Professional services	139	181	54
Rent and occupancy	57	78	39
Acquisition-related transaction and integration costs	88	129	143
Selling, general and administrative	116	143	51
Depreciation and amortization	374	333	156
Total operating expenses	1,588	1,644	808
Operating income	1,750	1,448	790
Other income (expense):
Interest expense	(97)	(96)	(56)
Other expense, net	0	55	(230)
Total other expense, net	(97)	(41)	(286)
Income before income tax expense	1,653	1,407	504
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	11	(50)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent		11	(50)
Income tax expense	358	402	184
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	1,295	1,005	320
Net income	1,295	1,016	270
Net income attributable to non-controlling interest	(21)	(35)	(16)
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest	(21)	(35)	(16)
Net income attributable to IntercontinentalExchange Group, Inc.	$ 1,274	$ 981	$ 254
Basic	$ 11.45	$ 8.60	$ 3.24
Income (Loss) from Continuing Operations, Per Basic Share	11.45	8.50	3.88
Diluted	11.39	8.55	3.21
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	$ 0	$ 0.10	$ (0.64)
Basic	111	114	78
Diluted	112	115	79
Diluted earnings (loss) per share attributable to Intercontinental Exchange, Inc. common shareholders:
Income (Loss) from Continuing Operations, Per Diluted Share	$ 11.39	$ 8.46	$ 3.84
Dividend per share	$ 2.90	$ 2.60	$ 0.65

Consolidated Statements of Chan

Consolidated Statements of Change in Equity, AOCI - USD ($) $ in Millions	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest in Consolidated Subsidiaries [Member]	Redeemable Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2012	$ 3,677	$ 1	$ (717)	$ 1,903	$ 2,509	$ (52)	$ 33	$ 0
Beginning Balance, Shares at Dec. 31, 2012		80,000,000	(7,000,000)
Other comprehensive loss	177					177
Stock consideration issued for NYSE Euronext acquisition		42,000,000
Stock consideration issued for previous acquisition	8,294		$ (53)	8,347
Exercise of common stock options	$ 13			13
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises	430,677		(1,000,000)
Repurchases of common stock, Shares	(3,231,484)
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises	$ (24)		$ (24)
Stock-based compensation	69			69
Issuance of restricted stock		1,000,000
Tax benefits from stock option plans	8			8
Adjustment to redemption value of redeemable non-controlling interest	(6)				(6)			6
Acquisition of non-controlling interest	30						30
Acquisition of redeemable non-controlling interest								313
Distributions of profits to non-controlling interest	(12)						(12)
Purchase of subsidiary shares from non-controlling interest	(37)			(5)			(32)
Treasury shares retired in connection with formation of ICE Group, Shares		(8,000,000)	8,000,000
Treasury shares retired in connection with formation of ICE Group			$ 741	(541)	(200)
Dividends paid to shareholders	75				75
Net income attributable to non-controlling interest	(3)				(16)		13	3
Net income	270				270
Ending Balance at Dec. 31, 2013	12,381	$ 1	$ (53)	9,794	2,482	125	32	322
Ending Balance, Shares at Dec. 31, 2013		115,000,000	0
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	143
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	0
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	(21)
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	3
Accumulated other comprehensive loss	125
Other comprehensive loss	(171)					(171)
Exercise of common stock options	$ 13			13
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises	240,676
Repurchases of common stock, Shares	(2,868,769)		3,000,000
Repurchases of common stock	$ (645)		$ (645)
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises	(45)		(45)
Stock-based compensation	105			105
Issuance of restricted stock		1,000,000
Tax benefits from stock option plans	26			26
Adjustment to redemption value of redeemable non-controlling interest	46				46			(46)
Acquisition of redeemable non-controlling interest								16
Distributions of profits to non-controlling interest	(17)						(17)	16
Purchase of subsidiary shares from non-controlling interest	0			0			0	(129)
Dividends paid to shareholders	299				299
Net income attributable to non-controlling interest	(18)				(35)		17	18
Net income	1,016				1,016
Ending Balance at Dec. 31, 2014	$ 12,392	$ 1	$ (743)	9,938	3,210	(46)	32	165
Ending Balance, Shares at Dec. 31, 2014	116,000,000	116,000,000	(3,000,000)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ 13
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	55
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	0
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	(114)
Accumulated other comprehensive loss	(46)
Other comprehensive loss	(142)					(142)
Stock consideration issued for NYSE Euronext acquisition		9,000,000
Stock consideration issued for previous acquisition	2,197		$ 0	2,197
Exercise of common stock options	$ 19			19
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises	195,859		(1,000,000)
Repurchases of common stock, Shares			3,000,000
Repurchases of common stock	$ (660)		$ (660)
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises	(45)		(45)
Stock-based compensation	122			122
Tax benefits from stock option plans	19			19
Adjustment to redemption value of redeemable non-controlling interest	(5)				(5)			4
Distributions of profits to non-controlling interest	(16)						(16)	(11)
Purchase of subsidiary shares from non-controlling interest	0			0			0	(128)
Dividends paid to shareholders	(331)				(331)
Net income attributable to non-controlling interest	(5)				(21)		16	5
Net income	1,295				1,295
Ending Balance at Dec. 31, 2015	$ 14,840	$ 1	$ (1,448)	$ 12,295	$ 4,148	$ (188)	$ 32	$ 35
Ending Balance, Shares at Dec. 31, 2015	126,000,000	126,000,000	(7,000,000)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (45)
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	(26)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	0
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	(119)
Accumulated other comprehensive loss	$ (188)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating activities
Net income	$ 1,295	$ 1,016	$ 270
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	(11)	50
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	1,295	1,005	320
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	374	333	156
Stock-based compensation	111	97	64
Deferred taxes	(108)	21	(35)
Impairment loss on Cetip investment	0	0	190
Amortization of Debt Discount (Premium)	(23)	(55)	(7)
Other	(17)	(46)	51
Changes in assets and liabilities:
Customer accounts receivable	(45)	(43)	(35)
Prepaid expenses and other current assets	(5)	22	7
Accounts payable, accrued salaries and benefits, deferred revenue and other accrued liabilities	(277)	19	2
Total adjustments	16	458	394
Net cash provided by operating activities	1,311	1,463	714
Increase (Decrease) in Section 31 Fees Payable	(21)	52	32
Increase (Decrease) in Deferred Revenue	27	58	(31)
Investing activities
Capital expenditures	(190)	(172)	(134)
Capitalized software development costs	(87)	(78)	(45)
Cash paid for acquisitions, net of cash acquired	(3,751)	(577)	(2,241)
Payments to Acquire Equity Method Investments	(60)	0	0
Purchases of cost and equity method investments	0	2,274	0
Proceeds from sales of available-for-sale investments	1,089	54	16
Purchases of available-for-sale investments	(5)	(1,304)	(42)
Increase in restricted cash	(294)	(161)	(75)
Net cash used in investing activities	(3,298)	36	(2,521)
Financing activities
Proceeds from debt facilities	2,472	0	2,753
Repayments of debt	(1,028)	(377)	(2,464)
Proceeds from (Repayments of) Commercial Paper	1,686	(175)	1,080
Dividends to shareholders	(331)	(299)	(75)
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises	(45)	(45)	(77)
Repurchases of common stock	(660)	(645)	0
Proceeds from exercise of common stock options	19	13	13
Distributions of profits to non-controlling interest	(27)	(33)	(12)
Purchase of subsidiary shares from non-controlling interest	(128)	(129)	(40)
Proceeds from (Payments for) Other Financing Activities	18	17	(59)
Net cash provided by financing activities	1,976	(1,673)	1,119
Cash Provided by (Used in) Operating Activities, Discontinued Operations	0	51	21
Cash Provided by (Used in) Investing Activities, Discontinued Operations	0	(504)	(2)
Cash Provided by (Used in) Financing Activities, Discontinued Operations	0	339	0
Effect of exchange rate changes on cash and cash equivalents	(14)	(21)	18
Net increase in cash and cash equivalents	(25)	(309)	(651)
Cash and cash equivalents, beginning of the year	652	961	1,612
Cash and cash equivalents, end of the year	627	652	961
Supplemental cash flow disclosure
Cash paid for income taxes	542	338	198
Cash paid for interest	123	140	32
Supplemental noncash investing and financing activities
Common stock and vested stock options issued for acquisitions	2,197	0	8,347
Treasury stock retirement	$ 0	$ 0	$ 741

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 1,295	$ 1,016	$ 270
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax expense of $3 and $1 for the years ended December 31, 2013 and 2012, respectively	(58)	(130)	70
Change in fair value of available-for-sale securities	(81)	55	(67)
Reclassification of losses realized on available-for-sale securities to other expense	0	0	190
Change in fair value of net investment hedge, net of tax benefit of $12 and tax expense of $1 for the years ended December 31, 2013 and 2011, respectively	0	21	(19)
Comprehensive income from equity method investment	2	0	0
Employee benefit plan adjustments:
Net gains for the year ended December 31, 2013	(5)	(117)	3
Other comprehensive income (loss)	(142)	(171)	177
Comprehensive income	1,153	845	447
Comprehensive income attributable to non-controlling interest	(21)	(35)	(16)
Comprehensive income attributable to IntercontinentalExchange Group, Inc.	$ 1,132	$ 810	$ 431

Consolidated Statements of Com8

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, Tax	$ (4,000)	$ (5,000)	$ 3,000
Change in fair value of net investment and cash flow hedges, Tax	0	7,000	(12,000)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	$ 0	$ (78,000)	$ 2,000

Description of Business

Description of Business	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Nature of Business and Organization We are a leading global operator of regulated exchanges, clearing houses and listings venues, and a provider of data services for commodity and financial markets. We operate regulated marketplaces for trading and clearing a broad array of derivatives and securities contracts across major asset classes, including energy and agricultural commodities, interest rates, equities, equity derivatives, credit derivatives, bonds and currencies. Our exchanges include futures exchanges in the United States, or U.S., United Kingdom, or U.K., continental Europe, Canada and Singapore and cash equities exchanges and equity options exchanges in the U.S. We operate over-the-counter, or OTC, markets for physical energy and credit default swaps, or CDS. We operate central counterparty clearing houses serving the global derivatives markets in the U.S., U.K., continental Europe, Canada and Singapore (Note 12). In addition, we offer a range of data and connectivity services to our global financial and commodity markets and clearing houses. Following our December 2015 acquisition of Interactive Data Holdings Corporation, or Interactive Data, our suite of data products includes an expanded range of fixed income pricing and reference data, analytics and trading service offerings. Through our trading, clearing, listings, data services and post-trade platforms, we bring together buyers and sellers by offering liquid markets, benchmark products, access to capital markets, information, and a range of related services to support market participants’ investing, risk management and capital raising activities.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles, or U.S. GAAP. The consolidated financial statements include our wholly-owned and controlled subsidiaries. All intercompany balances and transactions between our wholly-owned and controlled subsidiaries have been eliminated in consolidation. As discussed in Note 3, we completed several acquisitions during the years ended December 31, 2015 , 2014 and 2013 and have included the financial results of these companies in the consolidated financial statements effective from the respective acquisition dates, including Interactive Data on December 14, 2015 and NYSE Holdings LLC, or NYSE, on November 13, 2013. As discussed in Note 16, we completed the initial public offering, or IPO, of our wholly-owned subsidiary Euronext N.V., or Euronext, in June 2014 and completed the sales of Wombat in July 2014 and NYFIX and Metabit in September 2014, and have included the financial results of these companies in discontinued operations in the consolidated financial statements. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from those estimates. Comprehensive Income Other comprehensive income includes changes in unrealized gains and losses on financial instruments classified as available-for-sale, changes in fair value of net investment hedges, foreign currency translation adjustments and amortization of the difference in the projected benefit obligation and the accumulated benefit obligation associated with benefit plan liabilities, net of tax. Non-controlling Interest For those consolidated subsidiaries in which our ownership is less than 100% and for which we have control over the assets and liabilities and the management of the entity, the outside stockholders’ interests are shown as non-controlling interests. For instances where outside stockholders’ hold an option to require us to repurchase the outside stockholders’ interest, these interests are shown as redeemable non-controlling interests. Segment and Geographic Information We currently operate as a single reportable business segment as this is reflective of how our chief operating decision maker reviews and operates the business. Substantially all of our identifiable assets are located in the U.S., U.K., Continental Europe, Asia, Israel and Canada. Cash and Cash Equivalents We consider all short-term, highly liquid investments with original maturities at the purchase date of three months or less to be cash equivalents. Short-Term and Long-Term Restricted Cash and Investments We classify all cash and cash equivalents and investments that are not available for immediate or general business use by us as restricted in the accompanying consolidated balance sheets (Note 4). The restricted cash would include cash set aside due to regulatory requirements, earmarked for specific purposes, or through restrictions in specific agreements. Short-Term and Long-Term Investments We periodically invest a portion of our cash in excess of short-term operating needs in term deposits and investment-grade marketable debt securities, including government or government sponsored agencies and corporate debt securities (Note 5). These investments are classified as available-for-sale in accordance with U.S. GAAP. We do not have any investments classified as held-to-maturity or trading. Additionally, we classify equity and fixed income mutual funds, held for the purpose of providing future payments for the supplemental executive savings plan and a component of the supplemental executive retirement plan, as available-for-sale securities. Available-for-sale investments are carried at their fair value using primarily quoted prices in active markets for identical securities, with unrealized gains and losses, net of deferred income taxes, reported as a component of accumulated other comprehensive income. Realized gains and losses, and declines in value deemed to be other-than-temporary on available-for-sale investments, are recognized currently in earnings. The cost of securities sold is based on the specific identification method. Investments that we intend to hold for more than one year are classified as long-term investments in the accompanying consolidated balance sheets. Cost and Equity Method Investments We use the cost method to account for a non-marketable equity investment in an entity that we do not control and for which we do not have the ability to exercise significant influence over an entity’s operating and financial policies. When we do not have a controlling financial interest in an entity but exercise significant influence over the entity's operating and financial policies, such investment is accounted for using the equity method. We recognize dividend income when declared. We recognized $16 million , $23 million , and $8 million in dividend income for the years ended December 31, 2015, 2014 and 2013, respectively, related to our investment in Cetip (Note 15). Margin Deposits and Guaranty Funds Original margin, variation margin and guaranty funds held by our clearing houses for clearing members may be in the form of cash, government obligations, certain agency and corporate debt, letters of credit or gold (Note 12). Cash original margin, variation margin and guaranty fund deposits are reflected in the accompanying consolidated balance sheets as current assets and current liabilities. The amount of margin deposits on hand will fluctuate over time as a result of, among other things, the extent of open positions held at any point in time by market participants in contracts and the margin rates then in effect for such contracts. Non-cash original margin and guaranty fund deposits are not reflected in the accompanying consolidated balance sheets. These non-cash assets are held in safekeeping and our clearing houses do not take legal ownership of the assets as the risks and rewards remain with the clearing members, unless and until such time as a clearing member defaults on its obligations to the clearing house. Property and Equipment Property and equipment is recorded at cost, reduced by accumulated depreciation (Note 6). Depreciation and amortization expense related to property and equipment is computed using the straight-line method based on estimated useful lives of the assets, or in the case of leasehold improvements, the shorter of the initial lease term or the estimated useful life of the improvement. We review the remaining estimated useful lives of our property and equipment at each balance sheet date and will make adjustments to the estimated remaining useful lives whenever events or changes in circumstances indicate that the remaining useful lives have changed. Gains on disposals of property and equipment are included in other income and losses on disposals of property and equipment are included in depreciation expense. Maintenance and repair costs are expensed as incurred. Allowance for Doubtful Accounts The allowance for doubtful accounts is maintained at a level that we believe to be sufficient to absorb probable losses in our accounts receivable portfolio. The allowance is based on several factors, including a continuous assessment of the collectability of each account. In circumstances where a specific customer's inability to meet its financial obligations is known, we record a specific provision for bad debts against amounts due to reduce the receivable to the amount we reasonably believe will be collected. Accounts receivable are written off against the allowance for doubtful accounts when collection efforts cease. A reconciliation of the beginning and ending amount of allowance for doubtful accounts is as follows for the years ended December 31, 2015 , 2014 and 2013 (in millions): Year Ended December 31, 2015 2014 2013 Beginning balance of allowance for doubtful accounts $ 1 $ 1 $ 1 Bad debt expense 2 1 1 Charge-offs (1 ) (1 ) (1 ) Ending balance of allowance for doubtful accounts $ 2 $ 1 $ 1 Bad debt expense in the table above is based on our historical collection experiences and our assessment of the collectability of specific accounts. Charge-offs in the table above represent the write-off of uncollectible receivables, net of recoveries. These lines also include the impact of foreign currency translation adjustments. Software Development Costs We capitalize costs, both internal and external direct and incremental costs, related to software developed or obtained for internal use in accordance with U.S. GAAP . Software development costs incurred during the preliminary or maintenance project stages are expensed as incurred, while costs incurred during the application development stage are capitalized and are amortized using the straight-line method over the useful life of the software, not to exceed three years (except for Interactive Data's new platform, which has an eight year useful life). Amortization of these capitalized costs begins only when the software becomes ready for its intended use. General and administrative costs related to developing or obtaining such software are expensed as incurred. Accrued Employee Benefits In connection with our acquisition of NYSE on November 13, 2013, we assumed the NYSE defined benefit pension and other postretirement benefit plans, or collectively “benefit plans”. We recognize the funded status of the benefit plans in the consolidated balance sheets, measure the fair value of plan assets and benefit obligations as of the date of our fiscal year-end, and provide additional disclosures in the footnotes to the consolidated financial statements (Note 14). Benefit plan costs and liabilities are dependent on assumptions used in calculating such amounts. These assumptions include discount rates, health care cost trend rates, benefits earned, interest cost, expected return on assets, mortality rates and other factors. Actual results that differ from the assumptions are accumulated and amortized over future periods and, therefore, generally affect recognized expense and the recorded obligation in future periods. We immediately recognize in the consolidated statements of income certain of these unrecognized amounts when triggering events occur, such as when a settlement of pension obligations in excess of total interest and service costs occurs. While we believe that the assumptions used are appropriate, differences in actual experience or changes in assumptions may affect our pension and other post-retirement obligations and future expense recognized. Goodwill and Indefinite-Lived Intangible Assets Goodwill represents the excess of the purchase price of our acquisitions over the fair value of identifiable net assets acquired, including other identified intangible assets (Note 7). We recognize specifically identifiable intangibles when a specific right or contract is acquired. Goodwill has been allocated to reporting units for purposes of impairment testing based on the portion of synergy, cost savings and other expected future cash flows expected to benefit the reporting units at the time of the acquisition. We test our goodwill for impairment at the reporting unit level. The reporting units identified for our goodwill testing are the futures, cash listings and credit default swaps reporting units. Goodwill impairment testing is performed annually in the fiscal fourth quarter or more frequently if conditions exist that indicate that the asset may be impaired. We also evaluate indefinite-lived intangible assets for impairment annually in our fiscal fourth quarter or more frequently if conditions exist that indicate that the asset may be impaired. Such evaluation includes either applying the optional qualitative screen to determine if it is not more likely than not that the fair value of the asset continues to exceed its carrying value or determining the fair value of the asset and comparing the fair value of the asset to its carrying value. If the fair value of the indefinite-lived intangible asset is less than its carrying value, an impairment loss is recognized in an amount equal to the difference. For both goodwill and indefinite lived impairment testing, we have the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit or indefinite lived intangible asset is less than its carrying amount. If we conclude that this is the case, we must perform additional testing of the asset or reporting unit. Otherwise, no further testing is necessary. We did not record an impairment charge related to goodwill or indefinite-lived intangible assets during the years ended December 31, 2015 , 2014 or 2013 . Impairment of Long-Lived Assets and Finite-Lived Intangible Assets We review our property and equipment and finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. To analyze recoverability, we project undiscounted net future cash flows over the remaining life of such assets. If these projected cash flows are less than the carrying amount, an impairment indicator would exist. The impairment loss is measured based upon the difference between the carrying amount and the fair value of the assets. Finite-lived intangible assets are generally amortized on a straight-line basis or using an accelerated method over the lesser of their contractual or estimated useful lives. We did not record an impairment charge related to long-lived assets and finite-lived intangible assets during the years ended December 31, 2015 , 2014 or 2013 . Derivatives and Hedging Activity We may use derivative instruments to limit exposure to changes in foreign currency exchange rates. All derivatives are required to be recorded at fair value in the accompanying consolidated balance sheets. Changes in the fair value of such derivative financial instruments are recognized in net income as they are not designated as hedges under U.S. GAAP. From time to time, we may hedge the foreign currency translation of certain net investments by designating all or a portion of certain financial liabilities denominated in the same currency in accordance with U.S. GAAP. In such cases, the gain or loss on the currency translation of the designated financial instruments is recorded in other comprehensive income. Gains and losses on financial liabilities designated as hedging items under net investment hedging relationships are recognized in other comprehensive income, and we recorded a loss of $19 million for the year ended December 31, 2013 related to these items. The total unrealized loss of $21 million (inclusive of $2 million in unrealized losses recorded during the year ended December 31, 2014) was recognized in earnings as a component of income from discontinued operations during the year ended December 31, 2014 upon discontinuance of the net investment hedge in connection with the IPO of Euronext. Intellectual Property All costs related to internally developed patents and trademarks are expensed as incurred. All costs related to purchased patents, trademarks and internet domain names are recorded as other intangible assets and are amortized on a straight-line basis over their estimated useful lives. All costs related to licensed patents are capitalized and amortized on a straight-line basis over the term of the license. Income Taxes We recognize income taxes under the liability method. We recognize a current tax liability or tax asset for the estimated taxes payable or refundable on tax returns for the current year. We recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities. We establish valuation allowances if we believe that it is more likely than not that some or all of our deferred tax assets will not be realized. Deferred tax assets and liabilities are measured using current enacted tax rates in effect. We do not recognize a tax benefit unless we conclude that it is more likely than not that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. If the recognition threshold is met, we recognize a tax benefit measured at the largest amount of the tax benefit that, in our judgment, is greater than 50 percent likely to be realized. We recognize accrued interest and penalties related to uncertain tax positions as a component of income tax expense. We are subject to tax in numerous domestic and foreign jurisdictions primarily based on our operations in these jurisdictions. Significant judgment is required in assessing the future tax consequences of events that have been recognized in our financial statements or tax returns. Fluctuations in the actual outcome of these future tax consequences could have a material impact on our financial position or results of operations. Revenue Recognition We recognize revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sale price is fixed or determinable and collectability is reasonably assured. Our revenues primarily consist of transaction and clearing fee revenues for transactions executed and/or cleared through our global electronic derivatives trading and clearing platforms, revenues relating to cash equities trading and listing fees, and data services fees. We also evaluate all contracts in order to determine appropriate gross versus net revenue reporting. Derivatives trading and clearing revenues are recognized over the period in which the services are provided, which is typically the date the transactions are executed or are cleared, except for a portion of clearing revenues related to cleared contracts which have an ongoing clearing obligation that extends beyond the execution date. The transaction and clearing fee revenues are determined on the basis of the transaction and clearing fee charged for each contract traded on the exchanges. Derivatives transaction and clearing fees are recorded net of rebates of $563 million , $466 million and $497 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. We offer rebates in certain of our markets primarily to support market liquidity and trading volumes by providing qualified trading participants in those markets a discount to the applicable commission rate. These rebates reduce revenue that we would have generated had we charged full transaction fees and had we generated the same volume without the rebate program. The increase in rebates is due primarily to rebates relating to NYSE derivatives trading and clearing following our acquisition, an increase in the number of participants in the rebate programs offered on various contracts, an increase in the number of rebate programs offered and from higher contract volume traded under these programs during the periods. Cash trading fee revenues are paid by organizations based on their trading activity. Fees are assessed on a per share basis for trading in equity securities. The fees are applicable to all transactions that take place on any of our equity trading venues, and the fees vary based on the size and type of trade that is consummated and trading venue. The equity trading venues earn transaction fees for customer orders of equity securities matched internally, as well as for customer orders routed to other exchanges. Cash trading fees are recognized as earned, which is generally upon execution of the trade. Cash trading fees are recorded gross of liquidity rebates and routing charges. Liquidity payments made to cash and options trading customers and routing charges made to other exchanges are included in transaction-based expenses in the consolidated statements of income. Listing fee revenues consist of original listing fees paid by issuers to list the initial securities on the various cash markets, other listing fees related to other corporate actions (including stock splits, sales of additional securities and merger and acquisitions), annual listing fees paid by companies whose financial instruments are listed on the cash markets, and other services provided to our listed companies and other companies. Original listing fees are assessed primarily based on the number of shares that the issuer initially lists. Original listing fees are recognized as revenue on a straight-line basis over the estimated service periods ranging from 5 to 9 years. Other corporate action listing fees are recognized as revenue on a straight-line basis over the estimated service periods ranging from 3 to 6 years. The service periods are determined separately for each of our listing venues. Annual listing fees are billed at the beginning of the year and are recognized on a pro rata basis over the calendar year. We determined that at the time of the acquisition of NYSE, we did not have a legal performance obligation relating to the original and other listing fees. Therefore, in connection with purchase accounting rules under U.S. GAAP, we assigned a fair value of zero to the NYSE unamortized deferred revenue balances relating to the original and other listing fees as of the acquisition date of November 13, 2013. The listing fees unamortized deferred revenue balances as of December 31, 2015 relate to original and other corporate action listing fees received but not yet recognized as revenue subsequent to the November 13, 2013 acquisition through December 31, 2015 (Note 8). Data services fee revenues in our derivatives markets primarily include terminal and license fees received from data vendors in exchange for the provision of real-time futures price information and market data access fees. Market data fees are charged to data vendors on a monthly basis based on the number and type of terminals they have carrying futures data. Each data vendor also pays an annual license fee, which is deferred and recognized as revenue ratably over the period of the annual license. Data services fee revenues also include market data access fees charged to customers that trade on the electronic platform. The market data access amount for each company is based on the number of users at each company trading on the electronic platform. The excess of the market data access fee total for each company over the actual amount of commissions paid for trading activity is recognized as market data access revenues. The actual amount of commissions paid that month for trading activity is recognized as transaction and clearing fee revenues. We collect market data revenues from our cash equity and options consortium-based data products and, to a lesser extent, for New York Stock Exchange proprietary data products. Consortium-based data fees are determined by securities industry plans. Consortium-based data revenues that coordinated market data distribution generates (net of administration costs) are distributed to participating markets on the basis of the Regulation NMS formula. We collect annual license fees from vendors for the right to distribute market data to third parties and a service fee from vendors for direct connection to market data. These fees are recognized as revenue as services are rendered. We also charge customers for accessing our data services through Secured Financial Transaction Infrastructure, or SFTI, and colocation services. SFTI is a physical network infrastructure that connects our markets and other major market centers with market participants and allows those participants to receive data feeds. Data analytics includes a number of products such as forward curves, index and valuation services. Revenue for subscription based contracts is recognized ratably over the life of the contract and revenue for usage based contracts is recognized in the month that the products/services are provided. Certain of our businesses collect fees for installation/set-up services which, if deemed a separate deliverable with standalone value, are recognized upon delivery as long as the remaining criteria for recognition of revenue have been achieved. Revenue for installation/set-up services, that do not meet the criteria for separation, is recognized ratably either over the contractual term or the expected client relationship life. Revenue for professional services is recognized as the services are provided. Revenue for hardware is recognized when installation is completed and the related services go-live. Some contracts include multiple elements for which we determine whether the various elements meet the applicable criteria to be accounted for as separate elements and makes estimates regarding the relative fair values. Revenue for elements that cannot be separated is recognized once the revenue recognition criteria for the entire arrangement have been met or over the period that our obligation to perform is fulfilled. Consideration for elements that are deemed separable is allocated to the separate elements at the inception of the arrangement on the basis of their relative selling price and recognized based on meeting authoritative criteria to do so. Other revenues primarily consist of various fees for services provided to our customers, including fees for facilities, regulatory fees charged to member organizations of our U.S. securities exchanges, designated market maker service fees, ICE Endex membership fees, agricultural grading and certification fees, regulatory penalties and fines, and interest income on certain clearing margin deposits. These fees are recognized as revenue as services are rendered. Activity Assessment Fees and Section 31 Fees We pay the Securities and Exchange Commission, or SEC, fees pursuant to Section 31 of the Securities Exchange Act of 1934 for transactions executed on our U.S. equities and options exchanges. These Section 31 fees are designed to recover the costs to the government for supervising and regulating the securities markets and securities professionals. We (or the Options Clearing Corporation on our behalf), in turn, collect activity assessment fees, which are included in transaction and clearing fees in the accompanying consolidated statements of income, from member organizations clearing or settling trades on the U.S. equities and options exchanges and recognize these amounts as revenue when invoiced. Fees received are included in cash at the time of receipt and, as required by law, the amount due to the SEC is remitted semiannually and recorded as an accrued liability until paid. The activity assessment fees are designed so that they are equal to the Section 31 fees paid by us to the SEC. As a result, Section 31 fees do not have an impact on our net income. Stock-Based Compensation We currently sponsor employee and director stock option and restricted stock plans (Note 10). U.S. GAAP requires the measurement and recognition of compensation expenses for all share-based payment awards made to employees and directors, including employee stock options and restricted stock, based on estimated fair values. U.S. GAAP requires companies to estimate the fair value of stock option awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as stock-based compensation expense over the requisite service period in our consolidated financial statements. We use the Black-Scholes option pricing model for purposes of valuing stock option awards. Our determination of fair value of stock option awards on the date of grant using the Black-Scholes option pricing model is affected by our stock price as well as assumptions regarding a number of subjective variables. These variables include interest rates, our expected dividend yield, our expected share price volatility over the term of the awards and actual and projected employee stock option exercise behavior. Treasury Stock We record treasury stock activities under the cost method whereby the cost of the acquired stock is recorded as treasury stock (Note 10). Our accounting policy upon the formal retirement of treasury stock is to deduct the par value from common stock and to reflect any excess of cost over par value as a deduction from additional paid-in capital (to the extent created by previous issuances of the shares) and retained earnings. Credit Risk and Significant Customers Our clearing houses have credit risk for maintaining certain of the clearing member cash deposits at various financial institutions (Note 12). Cash deposit accounts are established at larger money center banks and structured to restrict the rights of offset or liens by the banks. Our clearing houses monitor the cash deposits and mitigate credit risk by keeping such deposits in several financial institutions, ensuring that its overall credit risk exposure to any individual financial institution remains within acceptable concentration limits, and by ensuring that the financial institutions have strong or high investment grade ratings. We also limit our risk of loss by holding the majority of the cash deposits in high quality short-term sovereign debt reverse repurchase agreements with several different counterparty banks or direct investments in short-term high quality sovereign and supranational debt issues. While we seek to achieve a reasonable rate of return which may generate interest income for our clearing members, we are primarily concerned with preservation of capital and managing the risks associated with these deposits. As the clearing houses may pass on interest revenues, minus costs, to the members, this could include negative or reduced yield due to market conditions. When engaging in reverse repurchase agreements, our clearing houses take delivery of the underlying securities in custody accounts under clearing house control. Additionally, the securities purchased subject to reverse repurchase have a market value greater than the reverse repurchase amount. The typical haircut received for high quality sovereign debt is 2% of the reverse repurchase amount. Thus, in the event that a reverse repurchase counterparty defaults on its obligation to repurchase the underlying reverse repurchase securities, our clearing house will have possession of securities with a value potentially greater than the reverse repurchase counterparty’s obligation to the clearing house. ICE Clear Credit has been designated as a systemically important financial market utility by the Financial Stability Oversight Council and has been authorized to establish and maintain a cash account at the Federal Reserve Bank of Chicago. Such account was opened on July 30, 2015 and it is intended to decrease ICE Clear Credit's custodial, liquidity and operational risk as compared to alternative custodial and investment arrangements. Our futures businesses have minimal credit risk as all of their transaction revenues are currently cleared through our clearing houses. Our accounts receivable related to market data revenues, cash trading and listing revenues, technology revenues, CDS transaction revenues and bilateral over-the-counter energy transaction revenues subjects us to credit risk, as we do not require these customers to post collateral. We limit our risk of loss by terminating access to trade to entities with delinquent accounts. The concentration of risk on accounts receivable is also mitigated by the large number of entities comprising our customer base. Our accounts receivable are stated at cost. Excluding clearing members, there were no individual accounts receivable balances greater than 10% of total consolidated accounts receivable as of December 31, 2015 or December 31, 2014 . No single customer accounted for more than 10% of total consolidated revenues during any of the years ended December 31, 2015 , 2014 or 2013 . Leases We expense rent from non-cancellable operating leases, net of sublease income, on a straight-line basis based on future minimum lease payments. The net costs are included in rent and occupancy expenses and technology and communication expenses in the accompanying consolidated statements of income (Note 13). Acquisition-Related Transaction and Integration Costs We incur incremental direct

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Acquisitions	Acquisitions Interactive Data Acquisition On December 14, 2015, we acquired 100% of Interactive Data in a stock and cash transaction. The total purchase price was $5.6 billion comprised of cash consideration of $4.1 billion and 6.5 million shares of our common stock. The cash consideration is gross of $301 million of cash held by Interactive Data on the date of the acquisition. Of the cash consideration, $2.6 billion was paid to retire Interactive Data's outstanding debt (Note 9). The fair value of the shares issued was $1.6 billion based on the average share price of our common stock of $244.48 per share on December 14, 2015. The cash consideration was funded from $2.5 billion of net proceeds received on November 24, 2015 in connection with the offering of new senior notes and $1.6 billion of borrowing under our commercial paper program (Note 9). We valued the shares issued for the acquisition using a volume-weighted average share price as the acquisition closed during the trading day on December 14, 2015. The acquisition has been accounted for as a purchase business combination. Interactive Data is a leading provider of financial market data, analytics and related trading solutions, serving the mutual fund, bank, asset management, hedge fund, securities and financial instrument processing and administration sectors. The acquisition builds on our global market data growth strategy by expanding the markets served, adding technology platforms and increasing new data and valuation services. Our combined company will offer customers efficiencies in accessing data on an integrated platform while serving the growing demand for data, analysis, valuation and connectivity globally. The total purchase price was allocated to Interactive Data’s preliminary tangible and identifiable intangible assets and liabilities based on the estimated fair values of those assets as of December 14, 2015, as set forth below. The excess of the purchase price over the preliminary net tangible and identifiable intangible assets was recorded as goodwill and we are currently in the process of assigning the acquired goodwill to our reporting units. Goodwill represents potential revenue synergies related to new product development, expense synergies related to technology and opportunities to enter new markets. The fair value of accounts receivable acquired is not materially different than the contractual value. The preliminary purchase price allocation is as follows (in millions): Cash and cash equivalents $ 301 Goodwill 3,200 Identifiable intangible assets 2,888 Other assets and liabilities, net 296 Deferred tax liabilities on identifiable intangible assets (1,051 ) Total purchase price $ 5,634 In performing the preliminary purchase price allocation, we considered, among other factors, the intended future use of acquired assets, analysis of historical financial performance and estimates of future performance of Interactive Data's business. We have not yet obtained all of the information related to the fair value of the acquired assets and liabilities related to the acquisition to finalize the purchase price allocation. The primary areas of the preliminary purchase price allocation that are not yet finalized relate to the valuation of the identifiable intangible assets, property and equipment, income taxes (including uncertain tax positions) and certain other tangible assets and liabilities. The allocation of the purchase price will be finalized upon the completion of the analysis of the acquired assets and liabilities during the year ended December 31, 2016. The following table sets forth the components of the preliminary intangible assets associated with the acquisition as of December 31, 2015 (in millions, except years): Preliminary Intangible Assets Acquisition-Date Preliminary Fair Value Accumulated Amortization Net Book Value Useful Life (Years) Customer relationships $ 2,469 $ (5 ) $ 2,464 20 to 25 Developed technology 168 (1 ) 167 5 to 8 In-process research and development 129 — 129 N/A Data/databases 76 (1 ) 75 4 Trade names and trademarks 33 — 33 3 Market data provider relationships 11 — 11 20 Non-compete agreements 2 — 2 1 Total $ 2,888 $ (7 ) $ 2,881 Preliminary acquisition-date identifiable intangible assets primarily consist of intangibles derived from customer relationships, developed technology, in-process research and development, data/databases, trade names and trademarks, market data provider relationships and non-compete agreements. An average 25 -year useful life for customer relationships has been estimated based on the projected economic benefits associated with this asset. The average 25 -year estimated useful life represents the approximate point in the projection period in which a majority of the asset’s cash flows are expected to be realized based on assumed attrition rates. Developed technology represents completed software related to internal and external software platforms. In-process research and development represents the value assigned to acquired research and development projects that, as of the acquisition date, had not established technological feasibility and had no alternative future use. The in-process research and development intangible assets are capitalized and accounted for as indefinite-lived intangible assets and are subject to impairment testing until completion or abandonment of the projects. Upon successful completion of each project and launch of the product, we will make a separate determination of useful life of the in-process research and development intangible assets and the related amortization will be recorded as an expense over the estimated useful life of the specific projects. Data/databases represents the underlying current and historical market data relating to daily pricing, intraday pricing and the evaluations and reference data. Market data provider relationships represents the unique relationships that Interactive Data has with exchanges and brokers worldwide. A 3 -year estimated useful life has been assigned for Interactive Data trade names and trademarks based on their estimated continued use following the acquisition. The customer relationship intangible asset was valued using the multi period excess earnings method, the market data provider relationships and data/databases intangible assets were valued using the replacement cost approach, the trade names and trademarks and the developed technology (including in-process research and development) intangible assets were valued using the relief from royalty income approach, and the non-compete agreements were valued using the with and without method within the income approach. The intangible assets will be amortized using the straight-line method over their estimated useful lives. Preliminary identifiable intangible assets acquired in the Interactive Data transaction that are subject to amortization will have a weighted average useful life of 23 years. The accompanying consolidated financial statements include the Interactive Data results of operations and cash flows for the period from December 15, 2015 through December 31, 2015. Total revenues of $46 million and income from continuing operations of $5 million are included in our consolidated statement of income for the year ended December 31, 2015 relating to Interactive Data, subsequent to our acquisition. Trayport Acquisition On December 11, 2015, we acquired 100% of Trayport in a stock transaction. The total purchase price was $620 million , comprised of 2.5 million shares of our common stock based on the average share price of our common stock of $245.26 per share on December 11, 2015. We valued the shares issued for the acquisition using a volume-weighted average share price as the acquisition closed during the trading day on December 11, 2015. The acquisition has been accounted for as a purchase business combination. Trayport is a software company that licenses its technology to serve exchanges. OTC brokers and traders to facilitate electronic and hybrid trade execution primarily in the energy markets. The transaction is expected to enable us to provide new technology and software-related services to our energy customers. The total purchase price was allocated to Trayport’s preliminary tangible and identifiable intangible assets and liabilities based on the estimated fair values of those assets as of December 11, 2015, as set forth below. The excess of the purchase price over the preliminary net tangible and identifiable intangible assets was recorded as goodwill and we are currently in the process of assigning goodwill to our reporting units. Goodwill represents potential revenue synergies related to new product development opportunities to enter new markets. The fair value of accounts receivable acquired is not materially different than the contractual value. The preliminary purchase price allocation is as follows (in millions): Goodwill 389 Identifiable intangible assets 274 Other assets and liabilities, net 7 Deferred tax liabilities on identifiable intangible assets (50 ) Total purchase price $ 620 In performing the preliminary purchase price allocation, we considered, among other factors, the intended future use of acquired assets, analysis of historical financial performance and estimates of future performance of Trayport's business. We have not yet obtained all of the information related to the fair value of the acquired assets and liabilities related to the acquisition to finalize the purchase price allocation. The primary areas of the preliminary purchase price allocation that are not yet finalized relate to the valuation of the identifiable intangible assets, income taxes and certain other tangible assets and liabilities. The allocation of the purchase price will be finalized upon the completion of the analysis of the acquired assets and liabilities during the year ended December 31, 2016. The following table sets forth the components of the preliminary intangible assets associated with the acquisition as of December 31, 2015 (in millions, except years): Preliminary Intangible Assets Acquisition-Date Preliminary Fair Value Foreign Currency Translation Accumulated Amortization Net Book Value Useful Life (Years) Customer relationships $ 242 $ (6 ) $ (1 ) $ 235 20 Developed technology 14 — — 14 3 to 5 Trade names and trademarks 18 — — 18 Indefinite Total $ 274 $ (6 ) $ (1 ) $ 267 Preliminary acquisition-date identifiable intangible assets primarily consist of intangibles derived from customer relationships, developed technology and trade names and trademarks. A 20 -year useful life for customer relationships has been estimated based on the projected economic benefits associated with this asset. The 20 -year estimated useful life represents the approximate point in the projection period in which a majority of the asset’s cash flows are expected to be realized based on assumed attrition rates. Developed technology represents completed software related to internal and external software platforms. Indefinite useful lives have been assigned for the Trayport trade names and trademarks based on their long history in the marketplace, their continued use following the acquisition, and their importance to the business and prominence in the industry. The customer relationships intangible asset was valued using the multi period excess earnings method, and the developed technology and the trade names and trademarks intangible assets were valued using the relief from royalty income approach. The intangible assets will be amortized using the straight-line method over their estimated useful lives, except for the trade names and trademarks, which have indefinite lives. Preliminary identifiable intangible assets acquired in the Trayport transaction that are subject to amortization will have a weighted average useful life of 19 years. NYSE Acquisition On November 13, 2013, we acquired 100% of NYSE in a stock and cash transaction. The total purchase price was $11.1 billion comprised of cash consideration of $2.7 billion and 42.4 million shares of our common stock. The fair value of the shares issued was $8.3 billion based on the closing share price of our common stock of $197.80 per share on November 12, 2013. The cash consideration was funded from cash on hand, $1.4 billion of net proceeds received on October 8, 2013 in connection with the offering of senior notes and $400 million of borrowings on October 31, 2013 under our revolving facility (Note 9). The accompanying consolidated financial statements include the NYSE results of operations and cash flows for the years ended December 31, 2015 and 2014 , and for the period from November 13, 2013 through December 31, 2013. Total revenues, less transaction-based expenses of $208 million and NYSE income from continuing operations of $30 million are included in our consolidated statement of income for the year ended December 31, 2013, subsequent to its acquisition. We have incurred employee termination costs following the acquisition, which are included in acquisition-related transaction and integration costs, including $21 million , $99 million and $44 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. Pro Forma Information The financial information in the table below summarizes the combined results of operations of us, Interactive Data, Trayport and NYSE, on a pro forma basis, as though the companies had been combined as of the beginning of the period presented. The pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of the period presented. Such pro forma financial information is based on the historical financial statements of us, Interactive Data, Trayport and NYSE. This pro forma financial information is based on estimates and assumptions that have been made solely for purposes of developing such pro forma information, including, without limitation, purchase accounting adjustments. The pro forma financial information does not reflect any synergies or operating cost reductions that have been and may be achieved from the combined operations. The pro forma financial information combines the historical results for us and Interactive Data, Trayport and NYSE for the years ended December 31, 2015, 2014 and 2013 in the following table (in millions, except per share amounts). Year Ended December 31, 2015 2014 2013 Total revenues, less transaction-based expenses $ 4,308 $ 4,097 $ 3,981 Operating income 1,997 1,700 1,526 Income from continuing operations attributable to ICE 1,379 1,085 781 Income from discontinued operations, net of tax — 11 217 Net income attributable to ICE 1,379 1,096 998 Basic earnings per common share: Continuing operations $ 11.51 $ 8.82 $ 6.32 Discontinued operations — 0.09 1.76 Basic earnings per share $ 11.51 $ 8.91 $ 8.08 Diluted earnings per share Continuing operations $ 11.46 $ 8.78 $ 6.28 Discontinued operations — 0.09 1.75 Diluted earnings per share $ 11.46 $ 8.87 $ 8.03 Other Acquisitions On October 7, 2014, we acquired 100% of the outstanding common stock of SuperDerivatives, a leading provider of risk management analytics, financial market data and valuation services for $358 million in cash, of which $44 million is currently held in escrow (Note 4). The acquisition is intended to accelerate our multi-asset class clearing, risk management and market data strategy. On February 3, 2014, we acquired 100% of the outstanding common stock of Singapore Mercantile Exchange (which has been renamed ICE Futures Singapore). The acquisition included Singapore Mercantile Exchange Clearing Corporation (which has been renamed ICE Clear Singapore), a wholly-owned subsidiary of ICE Futures Singapore, which was the clearing house for all of its trades. ICE Futures Singapore operates commodity futures markets in Singapore. ICE Futures Singapore and ICE Clear Singapore retain licenses to operate as an approved exchange and an approved clearing house, regulated by the Monetary Authority of Singapore. These licenses provided us with exchange and clearing licenses in Asia. On December 2, 2014, we acquired 75% of the outstanding common stock of Holland Clearing House (which has been renamed ICE Clear Netherlands) to support our clearing strategy for financial products. ABN AMRO Clearing Bank N.V., or ABN AMRO, retained the remaining 25% minority interest in ICE Clear Netherlands. ICE Clear Netherlands is a continental European derivatives clearing house based in Amsterdam and is the primary clearing house for The Order Machine, or TOM, a multi-lateral trading facility for equity options. ICE Clear Netherlands is regulated and supervised in the Netherlands by the Authority for the Financial Markets and the Dutch Central Bank and is also European Market Infrastructure Regulation, or EMIR, authorized. ABN AMRO's 25% ownership has been recorded as “redeemable non-controlling interest” in the accompanying consolidated balance sheets.

Short-Term and Long-Term Restri

Short-Term and Long-Term Restricted Cash and Investments	12 Months Ended
	Dec. 31, 2015
Cash and Cash Equivalents [Abstract]
Short-Term and Long-Term Restricted Cash and Investments	Short-Term and Long-Term Restricted Cash and Investments We own ICE Futures Europe, which operates as a U.K. Recognized Investment Exchange. As a U.K. Recognized Investment Exchange, ICE Futures Europe is required by the Financial Conduct Authority in the U.K. to restrict the use of the equivalent of six months of operating expenditures, subject to certain deductions, in cash or cash equivalents or investments at all times. As of December 31, 2015 and 2014 , this amount for ICE Futures Europe was $57 million . Such amounts are reflected as short-term restricted cash and investments in the accompanying consolidated balance sheets. We own LIFFE Administration and Management, or Liffe, which also operates as a U.K. Recognized Investment Exchange. As of December 31, 2015 and 2014 , the six months of operating expenditures for Liffe was $106 million and $114 million , respectively. Such amounts are reflected as short-term restricted cash and investments in the accompanying consolidated balance sheets. In November 2014, we completed the transition of Liffe’s contracts to ICE Futures Europe. While Liffe still has a regulated status as of December 31, 2015, we have applied for a de-recognition order, which will result in the release of the $106 million in regulatory capital and an increase in our unrestricted cash and cash equivalents when approved. As a U.K. Recognized Clearing House, ICE Clear Europe is required by the Bank of England to restrict the use of the equivalent of six months of operating expenditures, subject to certain deductions, in cash or cash equivalents or investments at all times. As of December 31, 2015 and 2014 , this amount for ICE Clear Europe was $87 million . As of December 31, 2014 the $87 million was reflected as short-term restricted cash and investments in the accompanying consolidated balance sheet. When EMIR becomes effective, which is currently anticipated during the first half of 2016, the Bank of England restricted cash capital requirements for ICE Clear Europe will be superseded by the EMIR capital requirements, which would require liquid regulatory capital requirements of $274 million . We have funded the entire $274 million of cash in ICE Clear Europe as of December 31, 2015 and it was reflected as short-term restricted cash and investments in the accompanying consolidated balance sheet. Our Commodity Futures Trading Commission, or CFTC, regulated U.S. Designated Contract Market, or DCM, ICE Futures U.S., our CFTC regulated U.S. Derivatives Clearing Organizations, or DCOs, ICE Clear U.S. and ICE Clear Credit, our CFTC regulated U.S. Swap Data Repository, or SDR, ICE Trade Vault, and our U.S. Swap Execution Facility, or SEF, ICE Swap Trade are required to maintain financial resources with a value at least equal to the amount that would cover certain operating costs for a one -year period, including maintaining cash or a committed line of credit, subject to certain deductions, to satisfy at least six months of such operating costs at all times. As of December 31, 2015 and 2014 , the financial resources reserved necessary to satisfy such operating costs for these DCM, DCOs, SDR and SEF were $142 million and $49 million , respectively, in the aggregate, of which $7 million was satisfied by our revolving credit facility as of December 31, 2014. A portion of such revolving credit facility has historically been reserved for use by certain of our DCOs for liquidity purposes (Note 9). As of December 31, 2015, we no longer reserved any of our revolving credit facility for use by our DCOs for liquidity purposes. The remaining $142 million and $42 million of the financial resources as of December 31, 2015 and 2014 , respectively, was recorded as short-term restricted cash and investments in the accompanying consolidated balance sheets. ICE Clear Europe, in addition to being regulated by the Financial Conduct Authority and the Bank of England once EMIR is effective, is also regulated by the CFTC as a DCO. As of December 31, 2015 and 2014 , the financial resources reserved necessary to satisfy such operating costs for ICE Clear Europe as a CFTC DCO was $139 million and $107 million , respectively. No additional amounts were recorded for these amounts in the accompanying consolidated balance sheets as they were already included as restricted cash as part of the EMIR financial resources requirements as of December 31, 2015 and part of the Financial Conduct Authority or revolving credit facility financial resources requirements as of December 31, 2014. Our clearing houses require that each clearing member make deposits to a fund known as the guaranty fund. The amounts in the guaranty fund will serve to secure the obligations of a clearing member to our clearing houses and may be used to cover losses in excess of the margin and clearing firm accounts sustained by our clearing houses in the event of a default of a clearing member. ICE Clear Europe has contributed $100 million of its own cash as part of its futures and options guaranty fund and this cash is reflected as long-term restricted cash in the accompanying consolidated balance sheets as of December 31, 2015 and 2014 . ICE Clear Europe has also contributed $50 million and $28 million of its own cash as part of its CDS guaranty fund as of December 31, 2015 and 2014 , respectively, and this cash is reflected as long-term restricted cash in the accompanying consolidated balance sheets. ICE Clear Credit has contributed $50 million of its own cash as part of its CDS guaranty fund as of December 31, 2015 and 2014 and this cash is reflected as long-term restricted cash in the accompanying consolidated balance sheets. ICE Clear U.S. has contributed $50 million of its own cash as part of its futures and options guaranty fund as of December 31, 2015 and 2014 and this cash is reflected as long-term restricted cash in the accompanying consolidated balance sheets. See Note 12 for additional information on the guaranty funds and our contributions of cash to our clearing houses guaranty funds. ICE Clear Netherlands, as a continental European derivatives clearing house, is regulated and supervised in the Netherlands by the Authority For the Financial Markets and the Dutch Central Bank and is required to maintain regulatory capital equal to various solvency and risk based calculations, subject to EMIR minimum regulations. As of December 31, 2015 and 2014 , the regulatory capital for ICE Clear Netherlands was $11 million and $12 million , respectively, and is reflected as short-term restricted cash and investments in the accompanying consolidated balance sheets. Our contribution to the guaranty fund of ICE Clear Netherlands as of December 31, 2014 was $24 million and is reflected as long-term restricted cash and investments. During the year ended December 31, 2015, there was a change in the ICE Clear Netherlands clearing fund rules and our contribution to the guaranty fund was no longer required. As of December 31, 2015 and 2014 , there is $13 million and $6 million , respectively, of additional combined cash reflected as short-term restricted cash and investment in the accompanying consolidated balance sheets related to other regulated entities and exchanges, included ICE Benchmark Administration, ICE Trade Vault U.K., ICE Endex and ICE Clear Singapore. As of December 31, 2015 and 2014 , there is $44 million of cash held as escrow for the SuperDerivatives acquisition that is reflected as short-term and long-term restricted cash and investments, respectively, in the accompanying consolidated balance sheets as the escrow could be held for up to 18 months from the date of our October 7, 2014 acquisition.

Short-Term and Long-Term Invest

Short-Term and Long-Term Investments	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Short-Term and Long-Term Investments	Short-Term and Long-Term Investments As of December 31, 2015 , our short-term and long-term investments primarily consist of available-for-sale securities as follows (in millions): Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Cetip equity securities $ 324 $ — $ (25 ) $ 299 Mutual funds 29 — — 29 Total available-for-sale securities $ 353 $ — $ (25 ) $ 328 As of December 31, 2014 , our short-term and long-term investments primarily consist of term deposits of $1.2 billion and available-for-sale securities as follows (in millions): Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Cetip equity securities $ 324 $ 55 $ — $ 379 Term deposits 1,173 — — 1,173 Mutual funds 27 — — 27 Total term deposits and available-for-sale securities $ 1,524 $ 55 $ — $ 1,579 We acquired 31.6 million shares, or 12% , of the common stock of Cetip for an aggregate consideration of $514 million in cash in July 2011. We account for our investment in Cetip as an available-for-sale investment and we classify it as a long-term investment in the accompanying consolidated balance sheets. As of December 31, 2015 and 2014 , the fair value of the equity security investment was $299 million and $379 million , respectively. The balance as of December 31, 2015 includes an unrealized loss of $25 million from our new cost basis. Our investment in Cetip was made in, and the shares are valued in, Brazilian reais. Changes in the fair value of available-for-sale securities are reflected in accumulated other comprehensive income, and include the effects of both stock price and foreign currency translation fluctuations. The unrealized holding gains and losses are excluded from earnings and reported in other comprehensive income until realized. Realized gains and losses, and declines in value deemed to be other-than-temporary, are recognized in earnings. During the year ended December 31, 2013 , we recognized an impairment loss on our Cetip investment of $190 million , primarily due to unfavorable foreign exchange rate changes, which was equal to the difference between the $324 million fair value as of December 31, 2013 and the original investment cost of $514 million . The $324 million fair value of the Cetip investment as of December 31, 2013 became the new cost basis of the investment and the new cost basis will not be adjusted for subsequent recoveries in fair value. The $190 million impairment loss was reclassified out of accumulated other comprehensive loss and was recognized in other expense in the accompanying consolidated statement of income for the year ended December 31, 2013 . We concluded that the accumulated unrealized loss of $25 million in the investment in Cetip as of December 31, 2015 was not other than temporary as the loss was solely due to foreign currency exchange rate fluctuations as the share price of Cetip has increased, the short duration of the loss and our ability to hold the investment until it recovers in value. Upon closing of the Euronext IPO, we received €1.4 billion ( $1.9 billion ) in net cash proceeds. We elected to set aside sufficient euro-denominated cash from the proceeds to effectively pre-fund the maturity of the NYSE EUR Notes and the related final interest coupon payment, both due on June 30, 2015 (Note 9). In connection with this, in July 2014, we placed €969 million ( $1.2 billion ) of the cash proceeds from the Euronext IPO in term deposits at various banks each with a maturity date of June 25, 2015 to cover the €920 million ( $1.1 billion ) principal and the €49 million ( $60 million ) final interest coupon payment due on June 30, 2015. These deposits were classified as short-term investments in the accompanying consolidated balance sheet as of December 31, 2014 . The decrease in our short-term investments as of December 31, 2015 was due to the use of the short-term euro-denominated term deposit investments to repay the NYSE EUR Notes upon their maturity on June 30, 2015. Equity and fixed income mutual funds are held for the purpose of providing future payments for the supplemental executive savings plan and the supplemental executive retirement plan (Note 14) are classified as available-for-sale securities. As of December 31, 2015 , we were holding $449 million in U.S. Treasury securities, all of which had original maturities of less than one year from the date of purchase. Of these securities, $25 million were recorded as cash and cash equivalents (all of which have original maturities of less than 90 days), $274 million were recorded as short-term restricted cash and investments and $150 million were recorded as long-term restricted cash and investments in the accompanying consolidated balance sheet as of December 31, 2015 . As of December 31, 2014 , we were holding $374 million in U.S. Treasury securities, all of which had original maturities of less than one year from the date of purchase. Of these securities, $159 million were recorded as cash and cash equivalents (all of which have original maturities of less than 90 days), $87 million were recorded as short-term restricted cash and investments and $128 million were recorded as long-term restricted cash and investments in the accompanying consolidated balance sheet as of December 31, 2014 . We account for the U.S. Treasury securities held using the available-for-sale method.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consisted of the following as of December 31, 2015 and 2014 (in millions, except years): As of December 31, Depreciation Period (Years) 2015 2014 Software and internally developed software $ 474 $ 377 1 to 3 Computer and network equipment 410 247 1 to 4 Land 138 138 N/A Buildings and building improvements 188 150 2.5 to 40 Leasehold improvements 216 202 1 to 17 Equipment, aircraft and office furniture 197 187 1 to 15 1,623 1,301 Less accumulated depreciation and amortization (586 ) (427 ) Property and equipment, net $ 1,037 $ 874 For the years ended December 31, 2015 , 2014 and 2013 , amortization of software and internally developed software was $89 million , $81 million and $48 million , respectively, and depreciation of all other property and equipment was $124 million , $138 million and $40 million , respectively. The unamortized software and internally developed software balances were $171 million and $141 million as of December 31, 2015 and 2014 , respectively. The increase in the property and equipment as of December 31, 2015 is primarily due to the property and equipment acquired in the Interactive Data and Trayport acquisitions (Note 3), internally developed software and building improvements at the corporate headquarters in Atlanta and New York during the year ended December 31, 2015.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The following is a summary of the activity in the goodwill balance for the years ended December 31, 2015 and 2014 (in millions): Goodwill balance at January 1, 2014 $ 9,189 Acquisitions 461 Foreign currency translation (43 ) De-consolidation of Euronext and NYSE Technologies (Note 16) (1,071 ) Other activity, net (1 ) Goodwill balance at December 31, 2014 8,535 Acquisitions 3,589 Foreign currency translation (39 ) Other activity, net (6 ) Goodwill balance at December 31, 2015 $ 12,079 The following is a summary of the activity in the other intangible assets balance for the years ended December 31, 2015 and 2014 (in millions): Other intangible assets balance at January 1, 2014 $ 9,323 Acquisitions 125 Foreign currency translation (38 ) De-consolidation of Euronext and NYSE Technologies (Note 16) (1,479 ) Amortization of other intangible assets (151 ) Other intangible assets balance at December 31, 2014 7,780 Acquisitions 3,163 Foreign currency translation (25 ) Amortization of other intangible assets (160 ) Other intangible assets balance at December 31, 2015 $ 10,758 We completed the Interactive Data and Trayport acquisitions during the year ended December 31, 2015, completed the SuperDerivatives, ICE Futures Singapore, ICE Clear Netherlands and True Office acquisitions and purchased certain patent rights during the year ended December 31, 2014 , and completed the NYSE and ICE Endex acquisitions during the year ended December 31, 2013 (Note 3). The foreign currency translation adjustments in the tables above result from a portion of our goodwill and other intangible assets being held at our U.K., continental Europe and Canadian subsidiaries, some of whose functional currencies are not the U.S. dollar. Other intangible assets and the related accumulated amortization consisted of the following as of December 31, 2015 and 2014 (in millions, except years): As of December 31, Useful Life (Years) 2015 2014 Customer relationships $ 3,952 $ 1,254 3 to 25 Technology 391 211 2.5 to 11 Trading products with finite lives 237 262 20 Russell licensing rights 184 184 10 Data/databases 76 — 4 Market data provider relationships 11 — 20 Non-compete agreements 37 34 1 to 5 Other 53 19 1 to 5 4,941 1,964 Less accumulated amortization (703 ) (568 ) Total finite-lived intangible assets, net 4,238 1,396 Exchange registrations, licenses and contracts with indefinite lives 6,086 6,096 Trade names and trademarks with indefinite lives 297 280 In-process research and development 129 — Other 8 8 Total indefinite-lived intangible assets 6,520 6,384 Total other intangible assets, net $ 10,758 $ 7,780 For the years ended December 31, 2015 , 2014 and 2013 , amortization of other intangible assets was $160 million , $151 million and $76 million , respectively. Collectively, the remaining weighted average useful lives of the finite-lived intangible assets is 20.3 years as of December 31, 2015 . We expect future amortization expense from the finite-lived intangible assets as of December 31, 2015 to be as follows (in millions): 2016 $ 318 2017 277 2018 263 2019 244 2020 211 Thereafter 2,925 $ 4,238

Deferred Revenue

Deferred Revenue	12 Months Ended
	Dec. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred Revenue	Deferred Revenue Deferred revenue represents cash consideration received that is yet to be recognized as revenue. Total deferred revenue was $190 million as of December 31, 2015 , including $98 million in current deferred revenue and $92 million in non-current deferred revenue. See Note 2 for a description of our annual listing fee, original listing fee, other listing fee and data services fee revenues and the revenue recognition policy for each of these revenue streams. The changes in our deferred revenue during the years ended December 31, 2015 and 2014 are as follows (in millions): Annual Listing Fee Revenue Original Listing Fee Revenues Other Listing Fee Revenues Data Services Fee and Other Revenues Total Deferred revenue balance at January 1, 2014 $ — $ 7 $ 3 $ 56 $ 66 Additions 330 31 47 114 522 Amortization (330 ) (3 ) (4 ) (97 ) (434 ) De-consolidation of Euronext and NYSE Technologies (Note 16) — — — (18 ) (18 ) Deferred revenue balance at December 31, 2014 — 35 46 55 136 Additions 358 20 29 181 588 Amortization (358 ) (5 ) (16 ) (155 ) (534 ) Deferred revenue balance at December 31, 2015 $ — $ 50 $ 59 $ 81 $ 190 As of December 31, 2015 , we estimate that our deferred revenue will be recognized in the following years (in millions): Original Listing Fee Revenues Other Listing Fee Revenues Data Services Fee and Other Revenues Total 2016 $ 7 $ 15 $ 76 $ 98 2017 7 15 2 24 2018 7 11 1 19 2019 7 10 1 18 2020 6 6 — 12 Thereafter 16 2 1 19 Total $ 50 $ 59 $ 81 $ 190

Debt

Debt	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt	Debt Our total debt, including short-term and long-term debt, consisted of the following as of December 31, 2015 and 2014 (in millions): As of December 31, 2015 2014 Debt: Commercial Paper $ 2,591 $ 905 NYSE EUR Notes (5.375% senior unsecured notes due June 30, 2015) — 1,137 Short-term debt 2,591 2,042 NYSE USD Notes (2.00% senior unsecured notes due October 5, 2017) 852 853 2018 Senior Notes (2.50% senior unsecured notes due October 15, 2018) 597 595 2020 Senior Notes (2.75% senior unsecured notes due December 1, 2020) 1,239 — 2023 Senior Notes (4.00% senior unsecured notes due October 15, 2023) 789 787 2025 Senior Notes (3.75% senior unsecured notes due December 1, 2025) 1,240 — Long term debt 4,717 2,235 Total debt $ 7,308 $ 4,277 Senior Notes On November 24, 2015, we issued $2.5 billion in aggregate senior notes, including $1.25 billion principal amount of 2.75% senior unsecured fixed rate notes due November 2020, or the 2020 Senior Notes, and $1.25 billion principal amount of 3.75% senior unsecured fixed rate notes due November 2025, or the 2025 Senior Notes. We used the net proceeds from the 2020 Senior Notes and 2025 Senior Notes offering, together with $1.6 billion of borrowings under our Commercial Paper Program, to finance the $4.1 billion cash portion of the purchase price of the acquisition of Interactive Data (Note 3). The 2020 Senior Notes and 2025 Senior Notes contain affirmative and negative covenants, including, but not limited to, certain redemption rights, limitations on liens and indebtedness, limitations on certain mergers, sales, dispositions and lease-back transactions. Interest on the 2020 Senior Notes and 2025 Senior Notes will be payable on June 1 and December 1 of each year, beginning on June 1, 2016. In October 2013, we issued $600 million principal amount of 2.50% senior unsecured fixed rate notes due October 2018, or the 2018 Senior Notes, and $800 million principal amount of 4.00% senior unsecured fixed rate notes due October 2023, or the 2023 Senior Notes. We used the net proceeds from the 2018 Senior Notes and 2023 Senior Notes offering to finance, together with cash on hand and $400 million borrowed in October 2013 under the Revolving Facility, the $2.7 billion cash portion of the purchase price of the acquisition of NYSE (Note 3). The 2018 Senior Notes and 2023 Senior Notes contain affirmative and negative covenants, including, but not limited to, certain redemption rights, limitations on liens and indebtedness, limitations on certain mergers, sales, dispositions and lease-back transactions. Credit Facilities In April 2014, ICE, as parent borrower, and our subsidiary ICE Europe Parent Limited, as subsidiary borrower, entered into a $3.0 billion senior unsecured revolving credit facility, or the 2014 Credit Facility, pursuant to a credit agreement with Wells Fargo Bank, National Association, or Wells Fargo, as administrative agent, issuing lender and swing line lender, Bank of America, N.A., as syndication agent, and the lenders party thereto. The 2014 Credit Facility was scheduled to end on April 3, 2019. Of the amounts available under the 2014 Credit Facility, we previously reserved $303 million to provide liquidity or required financial resources for the operations of our clearing houses. This amount included $150 million for ICE Clear Europe, $100 million for ICE Clear Credit, $50 million for ICE Clear U.S., and $3 million for ICE Clear Canada. During the fourth quarter of 2015, after additional contributions to the capital of the respective clearing houses, the respective clearing houses determined their own resources to be sufficient and available such that the supplemental amounts previously reserved under the 2014 Credit Facility were no longer required to provide liquidity or required financial resources for their operations (Note 4). In November 2015, we agreed with a majority of the lenders under the 2014 Credit Facility to amend certain terms of the 2014 Credit Facility. The amendments include, but not limited to, extending the maturity date to November 13, 2020 and increasing the ratio level in the maximum total leverage ratio covenant from 3.25:1.00 to 3.75:1.00 beginning with the first fiscal quarter ending after the consummation of the Interactive Data acquisition until the first fiscal quarter ending after the first anniversary of the acquisition. In addition, ICE Europe Parent Limited no longer has the ability to borrow amounts under the 2014 Credit Facility. The 2014 Credit Facility, as amended, is referred to herein as the “Amended Credit Facility.” The Amended Credit Facility includes an option for us to propose an increase in the aggregate amount available for borrowing by up to $1.0 billion , subject to the consent of the lenders funding the increase and certain other conditions. On November 13, 2015, we utilized this option to increase the amount of the Amended Credit Facility to $3.4 billion . The commitments under the Amended Credit Facility will automatically reduce to $2.95 billion on April 3, 2019. No amounts were outstanding under the Amended Credit Facility as of December 31, 2015. Amounts borrowed under the Amended Credit Facility may be prepaid at any time without premium or penalty. The Amended Credit Facility provides for a $3.4 billion multi-currency revolving facility, with sub-limits for non-dollar borrowings and letters of credit and with a swing-line facility available on a same-day basis. Of the $3.4 billion that is available for borrowing under the Amended Credit Facility, $2.6 billion is required to back-stop the amount outstanding under our Commercial Paper Program as of December 31, 2015. The amount required to back-stop the amounts outstanding under the Commercial Paper Program will fluctuate as we increase or decrease our commercial paper borrowings. The remaining $809 million as of December 31, 2015 is available to us to use for working capital and general corporate purposes including, but not limited to, acting as a back-stop to the amounts outstanding under the Commercial Paper Program. Borrowings under the Amended Credit Facility will bear interest on the principal amount outstanding at either (a) LIBOR plus an applicable margin rate or (b) a “base rate” plus an applicable margin rate; provided, however, that all loans denominated in a foreign currency will bear interest at LIBOR plus an applicable margin rate. The “base rate” equals the higher of (i) Wells Fargo’s prime rate, (ii) the federal funds rate plus 0.50% , or (iii) the one month LIBOR rate plus 1.00% . The applicable margin rate is based upon our public long term debt ratings and ranges from 0.875% to 1.50% on LIBOR borrowings and from 0.00% to 0.50% on base rate borrowings. The Amended Credit Facility includes an unutilized revolving credit commitment fee that is equal to the unused maximum revolver amount, multiplied by an applicable commitment fee rate and is payable in arrears on a quarterly basis. The applicable commitment fee rate ranges from 0.08% to 0.20% and is determined based on our long term debt rating. As of December 31, 2015, the applicable commitment fee rate was 0.125% based on our current long term debt ratings. The Amended Credit Facility contains customary representations and warranties, covenants and events of default, including a leverage ratio, as well as limitations on liens on our assets, indebtedness of non-obligor subsidiaries, the sale of all or substantially all of our assets, and other matters. In November 2011, we entered into senior unsecured credit facilities in the aggregate amount of $2.6 billion , or the 2011 Credit Facilities. The 2011 Credit Facilities consisted of (i) an aggregate $500 million five-year senior unsecured term loan facility, or the Term Loan Facility, and (ii) an aggregate $2.1 billion five-year senior unsecured multicurrency revolving credit facility, or the Revolving Facility. In October 2013, we borrowed $900 million under the Revolving Facility, of which $400 million was used to pay the cash portion of the purchase price for our acquisition of NYSE while the remaining $500 million was used to pay off the outstanding commercial paper obligations of NYSE, as well as to fund certain deal related fees and expenses. In December 2013, we repaid the $900 million borrowed under the Revolving Facility with the proceeds from the issuance of commercial paper and with cash on hand. In connection with us entering into the 2014 Credit Facility in April 2014, the 2011 Credit Facilities were terminated and the $367 million outstanding under the Term Loan Facility was repaid through the issuance of commercial paper. No amounts were outstanding under the Revolving Facility when it was terminated. Commercial Paper Program In December 2013, we entered into a U.S. dollar commercial paper program, or the Commercial Paper Program. Our Commercial Paper Program is currently backed by the borrowing capacity available under the Amended Credit Facility, equal to the amount of the commercial paper that is issued and outstanding at any given point in time. The effective interest rate of commercial paper issuances does not materially differ from short term interest rates (such as USD LIBOR). The fluctuation of these rates due to market conditions may impact our interest expense. We used net proceeds from notes issued under the Commercial Paper Program during the year ended December 31, 2015 to finance part of the cash portion of the purchase price of Interactive Data and to pay related fees and expenses, to repurchase our common stock, and for general corporate purposes. We used net proceeds from notes issued under the Commercial Paper Program during the year ended December 31, 2014 to repay the $367 million that was outstanding under the Term Loan Facility upon termination of the Term Loan Facility in April 2014, to fund certain of our acquisitions, and to repurchase our common stock. We repaid a portion of the amounts outstanding under the Commercial Paper Program during the year ended December 31, 2014 using a combination of the cash proceeds received from the IPO and sale of Euronext, the sale of NYSE Technologies (Note 16) and cash flows from operations. We used the net proceeds from the notes issued under the Commercial Paper Program during the year ended December 31, 2013, along with cash on hand, to repay the $900 million borrowed under the Revolving Facility and the $450 million borrowed under the 2013 364 Day Facility. Commercial paper notes of $2.6 billion with original maturities ranging from 2 to 89 days were outstanding as of December 31, 2015 under the Commercial Paper Program. As of December 31, 2015 , the weighted average interest rate on the $2.6 billion outstanding under the Commercial Paper Program was 0.60% per annum, with a weighted average maturity of 19 days. Commercial paper notes of $905 million with original maturities ranging from 2 to 82 days were outstanding as of December 31, 2014 under the Commercial Paper Program. As of December 31, 2014 , the weighted average interest rate on the $905 million outstanding under the Commercial Paper Program was 0.26% per annum, with a weighted average maturity of 24 days. 364 Day Facilities On November 13, 2015, we entered into a $500 million 364 day senior unsecured revolving credit facility, or the 2015 364 Day Facility, pursuant to a credit agreement with Wells Fargo, as administrative agent, Bank of America, N.A., as syndication agent, and the lenders signatory thereto. The amounts available under the 2015 364 Day Facility are available for use by us for working capital and general corporate purposes but specifically excluding any use to back-stop amounts issued under the Commercial Paper Program. The commitments under the 2015 364 Day Credit Facility will be automatically reduced to $375 million on May 13, 2016 and to $250 million on August 13, 2016. Borrowings under the 2015 364 Day Facility will bear interest on the principal amount outstanding under the same terms as the Amended Credit Facility disclosed above. The 2015 364 Day Facility includes an unutilized revolving credit commitment fee that is equal to the unused maximum revolver amount, multiplied by an applicable commitment fee rate and is payable in arrears on a quarterly basis. The applicable commitment fee rate ranges from 0.07% to 0.175% and is determined based on our long term debt rating. As of December 31, 2015, the applicable commitment fee rate was 0.10% based on our current long term debt ratings. In July 2013, we entered into a $600 million 364 day senior unsecured revolving credit facility, or the 2013 364 Day Facility. The 2013 364 Day Facility was available for working capital and general corporate purposes. In October 2013, we borrowed $450 million under the 2013 364 Day Facility to fund the prepayment of the Private Senior Notes. In December 2013, we repaid the $450 million borrowed under the 2013 364 Day Facility with the proceeds from the issuance of commercial paper. In connection with us entering into the 2014 Credit Facility, the 2013 364 Day Facility was terminated in April 2014, at which time no amounts were outstanding. NYSE Notes In connection with the acquisition of NYSE, one of our subsidiaries assumed the outstanding NYSE debt instruments, which included $850 million of 2.0% senior unsecured fixed rate notes due in October 2017, or the NYSE USD Notes, and €920 million ( $1.1 billion ) of 5.375% senior unsecured fixed rate notes due in June 2015, or the NYSE EUR Notes, and together with the NYSE USD Notes, the NYSE Notes. On June 30, 2015, we repaid the NYSE EUR Notes using cash that had been set aside in July 2014 from the proceeds of the Euronext IPO. The cash, in the amount of €969 million ( $1.2 billion ) had been placed in term deposits that matured on June 25, 2015. The cash was sufficient to settle the principal maturity of €920 million ( $1.1 billion ) and the final interest coupon of €49 million ( $60 million ). These deposits are classified as short-term investments in the accompanying consolidated balance sheet as of December 31, 2014. During the years ended December 31, 2015, 2014 and 2013, the amortization of the increase in the fair value of the NYSE Notes that was recorded in connection with the NYSE acquisition purchase accounting was $23 million , $55 million and $7 million , respectively. No further amortization expense was recorded after the repayment of the NYSE EUR Notes. The terms of the bonds do not contain any financial covenants. The bonds may be redeemed by us or the bond holders under certain customary circumstances, including a change in control accompanied by a downgrade of the bonds below an investment grade rating. The terms of the bonds also provide for customary events of default and a negative pledge covenant. Private Senior Notes Simultaneous with entering into the 2011 Credit Facilities in November 2011, we also entered into a note purchase agreement with various institutional investors providing for the sale of $400 million aggregate principal amount of senior notes, consisting of $200 million of our 4.13% Senior Notes, Tranche A, due November 9, 2018 and $200 million of our 4.69% Senior Notes, Tranche B, due November 9, 2021, or collectively, the Private Senior Notes. In October 2013, following the issuance of the 2018 Senior Notes and the 2023 Senior Notes, we prepaid the $400 million aggregate principal amount of Private Senior Notes. In connection with the early payoff of the Private Senior Notes, we incurred $51 million in expenses relating to a $49 million pre-payment to the Private Senior Notes investors and an associated $2 million write off of the related debt issuance costs. The $51 million expense was recorded as other expense in the accompanying consolidated statement of income for the year ended December 31, 2013. To fund the prepayment of the Private Senior Notes and the associated pre-payment, we borrowed $450 million in October 2013 under the 2013 364 Day Facility. Debt Repayment Schedule As of December 31, 2015 , the outstanding debt repayment schedule is as follows (in millions): 2016 $ 2,593 2017 850 2018 600 2019 — 2020 1,250 Thereafter 2,050 Principal amounts repayable 7,343 Debt issuance costs (27 ) Unamortized balance of fair value adjustments and discounts on bonds, net (8 ) Total debt outstanding $ 7,308 Debt Issuance Cost Presentation In April 2015, the FASB issued ASU 2015-03, which amends the existing guidance to require that debt issuance costs be presented in the balance sheet as a deduction from the carrying amount of the related debt liability instead of as a deferred asset (Note 2). We decided to early adopt ASU 2015-03 on a retrospective basis for the annual period ended December 31, 2015. As of December 31, 2015, there are $27 million in debt issuance costs shown above as a deduction of the carrying value of the related debt liability or facilities, including $19 million relating to the 2020 Senior Notes and 2025 Senior Notes. The $27 million in debt issuance costs as of December 31, 2015 will be amortized over a weighted average life of 6.9 years as interest expense. The retrospective adoption resulted in $12 million of debt issuance costs being reclassified from prepaid and other current assets and other non-current assets to a deduction of the carrying value of long-term debt as of December 31, 2014. Interactive Data Debt Retirement At the date of the acquisition, Interactive Data had $2.6 billion of outstanding debt consisting of $1.9 billion under a credit facility, or the Interactive Data Credit Facility, and $700 million of senior notes, or the Interactive Data Senior Notes, all of which were repaid from the cash portion of the purchase price. In connection with the closing of the acquisition on December 14, 2015, the Interactive Data Credit Facility was repaid and terminated. On December 7, 2015, Interactive Data issued a notice of redemption with respect to the Interactive Data Senior Notes. On December 14, 2015, an amount sufficient to fully redeem the Interactive Data Senior Notes, plus accrued interest, was deposited with the Interactive Data Senior Notes trustee in trust, solely for the benefit of the holders of the Interactive Data Senior Notes. As a result, the indentures governing the Interactive Data Senior Notes were satisfied and discharged. Neither the cash deposited into the trust or the Interactive Data Senior Notes have been reflected on our consolidated balance sheet as of the acquisition date or December 31, 2015. The trustee paid the full amount held in the trust to holders of the Interactive Data Senior Notes at the redemption date on January 6, 2016.

Equity

Equity	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Equity	Equity We currently sponsor employee and director stock option and restricted stock plans. Employee and director stock-based compensation expenses and the related excess income tax benefit recognized for both stock options and restricted stock in the accompanying consolidated statements of income for the year ended December 31, 2015 was $111 million and $16 million , respectively, was $82 million and $28 million , respectively, for the year ended December 31, 2014 , and was $56 million and $17 million , respectively, for the year ended December 31, 2013 . The amount expensed for the years ended December 31, 2015 , 2014 and 2013 is net of $11 million , $7 million and $7 million , respectively, of stock-based compensation that was capitalized as software development costs. During the years ended December 31, 2015 , 2014 and 2013 , we recognized excess tax benefits of $19 million , $26 million and $8 million , respectively, as an increase to the additional paid-in capital balance. These amounts were qualifying excess tax benefits that are eligible to absorb future write-offs, if any, of unrealized deferred tax assets related to stock options. These amounts are reported as financing cash flows in the accompanying consolidated statements of cash flows. Regarding the ordering of tax benefits to determine whether an excess tax benefit is realized, as well as to measure that excess tax benefit, we follow applicable tax laws and disregard indirect effects of the excess tax benefit. In connection with the acquisition of NYSE, we assumed the obligations of the Intercontinental Exchange Holdings, Inc. and NYSE employee and director equity plans. As of December 31, 2015 , we had 3.5 million shares in total under various equity plans that are available for future issuance of our stock option and restricted stock awards. Stock Option Plans Stock options are granted at the discretion of the compensation committee of the board of directors. All stock options are granted at an exercise price equal to the fair value of the common stock on the date of grant. The grant date fair value is based on the closing stock price on the date of grant as well as certain other assumptions. The fair value of the stock options on the date of grant is recognized as expense ratably over the vesting period, net of estimated forfeitures. We may grant, under provisions of the plans, both incentive stock options and nonqualified stock options. The options generally vest over three years, but can vest at different intervals based on the compensation committee’s determination. Generally, options may be exercised up to ten years after the date of grant, but expire either 14 or 60 days after termination of employment. The shares of common stock issued under our stock option plans are made available from authorized and unissued common stock or treasury shares. The following is a summary of stock options for the years ended December 31, 2015 , 2014 and 2013 , which includes 3,644 stock options issued in connection with the NYSE acquisition: Number of Options Weighted Average Outstanding at January 1, 2013 933,953 $ 85.07 Granted 152,361 127.21 Exercised (213,967 ) 62.67 Outstanding at December 31, 2013 872,347 97.92 Granted 154,202 206.87 Exercised (263,682 ) 51.86 Outstanding at December 31, 2014 762,867 136.03 Granted 176,467 207.97 Exercised (164,783 ) 101.98 Outstanding at December 31, 2015 774,551 159.66 Details of stock options outstanding as of December 31, 2015 are as follows: Number of Options Weighted Average Weighted Average Aggregate Vested or expected to vest 774,551 $ 159.66 6.3 $ 75 Exercisable 539,973 $ 139.36 5.2 $ 63 The total intrinsic value of stock options exercised during the years ended December 31, 2015 , 2014 and 2013 were $22 million , $39 million and $24 million , respectively. As of December 31, 2015 , there were $7 million in total unrecognized compensation costs related to stock options. These costs are expected to be recognized over a weighted average period of 1.8 years as the stock options vest. Of the options outstanding at December 31, 2015 , 539,973 were exercisable at a weighted-average exercise price of $139.36 . Of the options outstanding at December 31, 2014 , 561,844 were exercisable at a weighted-average exercise price of $116.64 . Of the options outstanding at December 31, 2013 , 689,046 were exercisable at a weighted-average exercise price of $90.43 . We use the Black-Scholes option pricing model for purposes of valuing stock option awards. During the years ended December 31, 2015 , 2014 and 2013 , we used the weighted-average assumptions in the table below to compute the value of all options for shares of common stock granted to employees: Year Ended December 31, Assumptions 2015 2014 2013 Risk-free interest rate 1.08 % 1.23 % 0.53 % Expected life in years 5.0 5.0 4.0 Expected volatility 24 % 27 % 37 % Expected dividend yield 1.25 % 1.26 % 0 % Estimated weighted-average fair value of options granted per share $ 40.94 $ 45.23 $ 38.41 The risk-free interest rate is based on the zero-coupon U.S. Treasury yield curve in effect at the time of grant. The expected life computation is derived from historical exercise patterns and anticipated future patterns. Expected volatilities are based on historical volatility of our stock. For the year ended December 31, 2013, expected dividend yields were 0% since prior to the November 2013 acquisition of NYSE, we had not contemplated paying dividends. Our current dividend policy will impact the expected dividend yield on all stock options granted post-acquisition. Restricted Stock Plans Restricted stock units are granted at the discretion of the compensation committee of the board of directors. Excluding our restricted stock issued in connection with the NYSE acquisition in 2013, discussed below, we granted 691,518 , 560,380 and 586,317 time-based and performance-based restricted stock units during the years ended December 31, 2015 , 2014 and 2013 , respectively, including 374,357 , 385,897 and 249,670 time-based restricted stock units during the years ended December 31, 2015 , 2014 and 2013 , respectively. The grant date fair value of each award is based on the closing stock price at the date of grant. The fair value of the time-based restricted stock units on the date of grant is recognized as expense ratably over the vesting period, which is typically three years, net of forfeitures. Granted but unvested shares are generally forfeited upon termination of employment. When restricted stock is forfeited, compensation costs previously recognized for unvested shares are reversed. Until the shares vest and are issued, the participants have no voting or dividend rights and the shares may not be sold, assigned, transferred, pledged or otherwise encumbered. Following the NYSE acquisition and in connection with our dividend declaration policy, unvested restricted stock is now subject to earn dividend equivalents which are paid in cash on the vesting date. We recognize compensation costs, net of forfeitures, using an accelerated attribution method over the vesting period for awards with performance conditions. Compensation costs for such awards are recognized only if it is probable that the condition will be satisfied. If we initially determine that it is not probable that the performance condition will be satisfied and later determine that it is probable that the performance condition will be satisfied, or vice versa, the effect of the change in estimate is accounted for in the period of change by recording a cumulative catch-up adjustment to retroactively apply the new estimate. We recognize the remaining compensation costs over the remaining vesting period. Our compensation committee, pursuant to the terms of the equity plans and the authority delegated to it by our board of directors, can make equitable adjustments to the performance condition in recognition of unusual or non-recurring events. In January 2016, we reserved a maximum of 330,924 restricted shares for potential issuance as performance-based restricted shares to certain of our employees. The number of shares that will ultimately be granted under the performance awards will be based on our actual financial performance as compared to financial performance targets set by our board of directors and compensation committee for the year ending December 31, 2016. These restricted shares are also subject to a market condition that could reduce the number of shares that are ultimately granted. The reduction would occur if our 2016 total shareholder return falls below the 2016 return of the S&P 500 Index and we achieve an above “target” financial performance level threshold. If our 2016 total shareholder return were to fall below the 2016 return of the S&P 500 Index, the reduction would be either 10% or 20% of the number of shares granted, depending on the difference in the aforementioned returns (the “market condition”). The grant date of this award was January 14, 2016, which was the date when we and our employees reached a mutual understanding of award terms. January 14, 2016 is also the service inception date as that is the date when the requisite service period began. The maximum compensation expense to be recognized under these performance-based restricted shares is $80 million if the maximum financial performance target is met and all 330,924 shares vest. The compensation expense to be recognized under these performance-based restricted shares will be $40 million if the target financial performance is met, which would result in 165,462 shares vesting. We will recognize expense on an accelerated basis over the three -year vesting period based on our quarterly assessment of the probable 2016 actual financial performance as compared to the 2016 financial performance targets. If the market condition is not achieved, compensation cost will not be affected since the grant date fair value of the award gave consideration to the probability of market condition achievement. In January 2015 , we reserved a maximum of 429,468 restricted shares for potential issuance as performance-based restricted shares for certain of our employees. These restricted shares were subject to a market condition that could have reduced the number of shares that were granted if our 2015 total shareholder return fell below that of the 2015 return of the S&P 500 Index and if we achieved a “target” financial performance level or above. Our total shareholder return for the year ended December 31, 2015 was higher than the 2015 return of the S&P 500 Index. Therefore, no additional share reduction was taken. Based on our actual 2015 financial performance as compared to the 2015 financial performance targets, 317,161 restricted shares were granted, which resulted in $63 million in compensation expenses that will be expensed over the three -year accelerated vesting period, including $37 million that was expensed during the year ended December 31, 2015 . During the fourth quarter of 2013, we reserved a maximum of 154,912 restricted shares for potential issuance as performance-based restricted shares for certain of our employees. The number of shares granted under the performance awards will be based on our actual financial performance as compared to financial performance targets set by our board of directors and compensation committee for the three years ending December 31, 2016. The maximum compensation expense to be recognized under these performance-based restricted shares is $31 million if the maximum financial performance target is met and 154,912 shares vest. We will recognize expense on a straight-line basis over the three -year vesting period based on our quarterly assessment of the probable three-year actual financial performance as compared to the financial performance targets. Through December 31, 2015, we determined that it is probable that the maximum financial performance will be met, and based on this assessment, we recorded non-cash compensation expense of $10 million and $9 million for the years ended December 31, 2015 and 2014, respectively. The grant date fair values of the awards with a market condition were estimated based on our stock price on the grant date, the valuation of historical awards with market conditions, the relatively low likelihood that the market condition will affect the number of shares granted (as the market condition only affects shares granted in excess of certain financial performance targets), and our expectation of achieving the financial performance targets. The grant date fair value of the awards, when considering the impact of the market condition on fair value, was determined to not be materially different from our stock price on the respective grant dates. We assumed the NYSE equity plans, including certain unvested restricted stock awards of NYSE into our stock award plans as of the date of the NYSE acquisition in November 2013. As a result, we exchanged our restricted stock for NYSE restricted stock. We issued 239,488 unvested time-based restricted stock awards to NYSE employees and will recognize non-cash compensation expense on a straight-line basis as the awards vest based on the fair value of the awards on the consummation date of the transaction. These 239,488 restricted stock shares issued are included in the table below as being granted during the year ended December 31, 2013, at a weighted average grant-date fair value of $197.80 per share. Restricted shares are used as an incentive to attract and retain qualified employees and to increase shareholder returns with actual performance-based awards based on enhanced shareholder value. Our equity plans include a change in control provision that may accelerate vesting on both the time-based and performance-based restricted shares if the awards are not assumed by an acquirer in the case of a change in control. The following is a summary of the nonvested restricted shares under all plans discussed above for the years ended December 31, 2015 , 2014 and 2013 : Number of Weighted Average Nonvested at January 1, 2013 878,086 $ 113.25 Granted 825,919 164.24 Vested (426,025) 113.02 Forfeited (43,428) 125.81 Nonvested at December 31, 2013 1,234,552 147.00 Granted 560,380 204.92 Vested (655,292) 146.14 Forfeited (68,645) 162.83 Nonvested at December 31, 2014 1,070,995 176.82 Granted 691,518 210.46 Vested (436,561) 159.92 Forfeited (71,717) 169.52 Nonvested at December 31, 2015 1,254,235 199.44 Restricted stock shares granted in the table above include both time-based and performance-based grants. Performance-based shares have been adjusted to reflect the actual shares to be issued based on the achievement of past performance targets. As of December 31, 2015 , there were $112 million in total unrecognized compensation costs related to the time-based restricted stock and the performance-based restricted stock. These costs are expected to be recognized over a weighted-average period of 1.3 years as the restricted stock vests. During the years ended December 31, 2015 , 2014 and 2013 , the total fair value of restricted stock vested under all restricted stock plans was $96 million , $138 million and $62 million , respectively. Treasury Stock During the years ended December 31, 2015 , 2014 and 2013 , we received 195,859 shares, 240,676 shares and 430,677 shares, respectively, of common stock from certain of our employees related to tax withholdings made by us on our employee’s behalf for restricted stock and stock option exercises. We recorded the receipt of the shares as treasury stock. Treasury stock activity is presented in the accompanying consolidated statements of changes in equity, accumulated other comprehensive income (loss) and redeemable non-controlling interest. In connection with the acquisition of NYSE on November 13, 2013, all shares of common stock held by Intercontinental Exchange Holdings, Inc. immediately prior to the acquisition as treasury shares were canceled and extinguished and no consideration was delivered for the treasury shares. Therefore, on November 13, 2013, 7,560,480 treasury stock shares were retired. In connection with the retirement, of the $741 million value assigned to the treasury stock shares, $541 million was allocated to additional paid-in capital and $200 million was allocated to retained earnings. The amount allocated to additional paid-in capital was determined based on the paid-in capital per share generated from the historical issuances of these treasury shares. Stock Repurchase Program During the years ended December 31, 2015 and 2014 , we repurchased 2,868,769 shares and 3,231,484 shares, respectively, of our outstanding common stock at a cost of $660 million and $645 million , respectively. These repurchases were completed under a stock repurchase plan authorized by our board of directors. The shares repurchased are held in treasury stock. We did not repurchase any shares during the year ended December 31, 2013. As of December 31, 2015 , the remaining board authorization permits repurchases of up to $137 million of our common stock with no fixed expiration date. In September 2014, we entered into a Rule 10b5-1 trading plan as authorized by our board of directors permitting open market repurchases of our common stock based on certain parameters described in the trading plan. In connection with our acquisition of Interactive Data during the fourth quarter of 2015, we suspended purchases under our Rule 10b5-1 trading plan. The trading plan expired at the end of December 2015. The timing and extent of any future repurchases, if any, that are not made pursuant to a Rule 10b5-1 trading plan will be at our discretion and will depend upon market conditions, the amount authorized by our board of directors, our stock price, our target debt ratio and corporate debt rating, and our strategic growth initiatives at that time. In addition, our board of directors may increase or decrease the amount of capacity we have for repurchases from time to time.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income from continuing operations before income taxes and the income tax provision consisted of the following for the years ended December 31, 2015 , 2014 and 2013 (in millions): Year Ended December 31, 2015 2014 2013 Income from continuing operations before income taxes Domestic $ 824 $ 623 $ 81 Foreign 829 784 423 $ 1,653 $ 1,407 $ 504 Income tax provision Current tax expense: Federal $ 250 $ 151 $ 57 State 46 61 25 Foreign 170 169 137 466 381 219 Deferred tax expense (benefit): Federal (7 ) 39 (20 ) State (40 ) (20 ) (5 ) Foreign (61 ) 2 (10 ) (108 ) 21 (35 ) Total income tax expense $ 358 $ 402 $ 184 A reconciliation of the statutory U.S. federal income tax rate to our effective income tax rate for the years ended December 31, 2015 , 2014 and 2013 is as follows: Year Ended December 31, 2015 2014 2013 Statutory federal income tax rate 35 % 35 % 35 % State and local income taxes, net of federal benefit 2 3 2 Foreign tax rate differential (7 ) (7 ) (10 ) Benefit to deferred tax asset and liabilities for foreign tax law change (4 ) — (1 ) Uncertain tax positions (3 ) 1 1 Cetip investment impairment loss — — 9 Other (1 ) (3 ) 1 Total provision for income taxes 22 % 29 % 37 % The effective tax rates for the years ended December 31, 2015 and 2014 are lower than the federal statutory rate primarily due to the favorable foreign income tax rate differential, partially offset by state income taxes. Favorable foreign income tax rate differentials result from lower income tax rates in the U.K., the Netherlands and various other lower tax jurisdictions than compared to the income tax rates in the U.S. During the fourth quarter of 2015, the U.K. reduced the corporate income tax rate from 20% to 19% effective April 1, 2017 and to 18% effective April 1, 2020. The decrease in the effective tax rate for the year ended December 31, 2015, compared to the year ended December 31, 2014, is primarily due to the deferred tax benefit associated with future U.K. income tax rate reductions (representing $60 million of the $61 million deferred tax benefit in the income tax provision table above) along with certain favorable settlements with various taxing authorities. The effective tax rate for the year ended December 31, 2013 is higher than the statutory federal rate primarily due to the favorable foreign income tax rate differential being largely offset by the non-tax deductible impairment loss on the Cetip investment (Note 5) along with state income taxes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. We decided to early adopt ASU 2015-17 retrospectively and classified all deferred taxes and liabilities, along with any related valuation allowance, as non-current on the balance sheet as of December 31, 2015 (Note 2). As a result of the early adoption of this new standard, we reclassified $90 million current deferred tax liabilities to non-current deferred tax liabilities on the consolidated balance sheet as of December 31, 2014. The following table reflected the requirements under ASU 2015-17 and summarizes the significant components of our deferred tax liabilities and assets as of December 31, 2015 and 2014 (in millions): December 31, 2015 2014 Deferred tax assets: Deferred and stock-based compensation $ 160 $ 168 Pension 100 111 Liability reserve 58 70 Tax credits 59 11 Loss carryforward 259 156 Deferred revenue 29 7 Other 67 60 Total 732 583 Valuation allowance (72 ) (75 ) Total deferred tax assets, net of valuation allowance 660 508 Deferred tax liabilities: Property and equipment (82 ) (32 ) Acquired intangibles (3,397 ) (2,430 ) Unrealized market gains/losses — (59 ) Total deferred tax liabilities (3,479 ) (2,521 ) Net deferred tax liabilities $ (2,819 ) $ (2,013 ) Reported as: Net non-current deferred tax assets $ 18 $ 15 Net non-current deferred tax liabilities (2,837 ) (2,028 ) Net deferred tax liabilities $ (2,819 ) $ (2,013 ) A reconciliation of the beginning and ending amount of deferred income tax valuation allowance is as follows for the years ended December 31, 2015 , 2014 and 2013 (in millions): Year Ended December 31, 2015 2014 2013 Beginning balance of deferred income tax valuation allowance $ 75 $ 95 $ 11 Increases charged to income tax expense 1 — — Charges against goodwill 1 — 84 Decreases (5 ) (20 ) — Ending balance of deferred income tax valuation allowance $ 72 $ 75 $ 95 We recognize valuation allowances on deferred tax assets if, based on the weight of the evidence, we believe that it is more likely than not that some or all of the deferred tax assets will not be realized. We recorded a valuation allowance for deferred tax assets of $72 million and $75 million as of December 31, 2015 and 2014 , respectively. Increases charged to income tax expense in the table above relate to capital losses that we do not expect to be realizable in future periods. Increases charged against goodwill in the table above relate to loss carryforwards acquired that we do not expect to be realizable in future periods. Decreases in the table above relate to net operating loss carryforwards that we determined would be available to offset income in future periods. Our non-U.S. subsidiaries had $2.9 billion in cumulative undistributed earnings as of December 31, 2015 . This amount represents the post-income tax earnings under U.S. GAAP adjusted for previously taxed income. The earnings from our non-U.S. subsidiaries are considered to be indefinitely reinvested. Accordingly, no provision for U.S. federal and state income taxes has been made in the accompanying consolidated financial statements. Further, a determination of the unrecognized deferred tax liability is not practicable. Any future distribution by way of dividend of these non-U.S. earnings may subject us to both U.S. federal and state income taxes, as adjusted for non-U.S. tax credits, and withholding taxes payable to various non-U.S. countries. As of December 31, 2015 and 2014 , we have gross U.S. federal net operating loss carryforwards of $340 million and $126 million , respectively, and gross state and local net operating loss carryforwards of $1.0 billion and $611 million , respectively. These carryforwards are available to offset future taxable income until they begin to expire in 2018. In addition, as of December 31, 2015 and 2014 , we have gross foreign net operating loss carryforwards of $105 million and $77 million , respectively, related primarily to net operating loss carryforwards acquired which have an indefinite life. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years ended December 31, 2015 , 2014 and 2013 (in millions): Year Ended December 31, 2015 2014 2013 Beginning balance of unrecognized tax benefits $ 145 $ 228 $ 34 Additions related to acquisitions 7 — 161 Additions based on tax positions taken in current year 9 33 38 Additions based on tax positions taken in prior years 34 1 5 Reductions related to divestitures (Euronext IPO) — (104 ) — Reductions based on tax positions taken in prior years (51 ) (3 ) (1 ) Reductions resulting from statute of limitation lapses (12 ) (2 ) (3 ) Reductions related to settlements with taxing authorities (25 ) (8 ) (6 ) Ending balance of unrecognized tax benefits $ 107 $ 145 $ 228 As of December 31, 2015 and 2014 , the balance of unrecognized tax benefits which would, if recognized, affect our effective tax rate was $80 million and $106 million , respectively. It is reasonably possible, as a result of settlements of ongoing audits or statute of limitations expirations, unrecognized tax benefits could increase as much as $16 million and decrease as much as $23 million within the next twelve months. Of the $107 million in unrecognized tax benefits as of December 31, 2015 , $77 million is recorded as other non-current liabilities and $30 million is recorded as other current liabilities in the accompanying consolidated balance sheet. We recognize interest accrued on income tax uncertainties and accrued penalties as a component of income tax expense. For the year ended December 31, 2015 , we recognized an income tax benefit of $12 million for interest and penalties, and for the years ended December 31, 2014 and 2013 , we recognized $4 million and $3 million , respectively, of income tax expense for interest and penalties. Accrued interest and penalties were $33 million and $45 million as of December 31, 2015 and 2014 , respectively. Of the $33 million in accrued interest and penalties as of December 31, 2015 , $13 million is recorded as other non-current liabilities and $20 million is recorded as other current liabilities in the accompanying consolidated balance sheet. We or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The following table summarizes open tax years by major jurisdiction: Jurisdiction Open Tax Years U.S. Federal 2012 - 2015 U.S. States 2007 - 2015 U.K. 2013 - 2015 Netherlands 2010 - 2015 Although the outcome of tax audits is always uncertain, we believe that adequate amounts of tax, including interest and penalties, have been provided for any adjustments expected to result from open tax years.

Clearing Organizations

Clearing Organizations	12 Months Ended
	Dec. 31, 2015
Brokers and Dealers [Abstract]
Clearing Organizations	Clearing Organizations We operate regulated central counterparty clearing houses for the settlement and clearance of derivative contracts. The clearing houses include ICE Clear Europe, ICE Clear Credit, ICE Clear U.S., ICE Clear Canada, ICE Clear Netherlands and ICE Clear Singapore (referred to herein collectively as the “ICE Clearing Houses”). • ICE Clear Europe performs the clearing and settlement for all futures and options contracts traded through ICE Futures Europe and ICE Endex, for CDS contracts submitted for clearing in Europe and for energy futures and options contracts trading through ICE Futures U.S. • ICE Clear U.S. performs the clearing and settlement of agricultural, metals, currencies and financial futures and options contracts traded through ICE Futures U.S. • ICE Clear Canada performs the clearing and settlement for all futures and options contracts traded through ICE Futures Canada. • ICE Clear Singapore performs the clearing and settlement for all futures and options contracts traded through ICE Futures Singapore. • ICE Clear Credit performs the clearing and settlement for CDS contracts submitted for clearing in North America. • ICE Clear Netherlands offers clearing primarily for TOM (Note 3). Each of the ICE Clearing Houses requires all clearing members to maintain cash on deposit or pledge certain assets, which may include government obligations, non-government obligations, letters of credit or gold to guarantee performance of the clearing members’ open positions. Such amounts in total are known as “original margin.” The ICE Clearing Houses may make intraday original margin calls in circumstances where market conditions require additional protection. The daily profits and losses from and to the ICE Clearing Houses due to the marking-to-market of open contracts is known as “variation margin”. The ICE Clearing Houses mark all outstanding contracts to market, and therefore pay and collect variation margin, at least once daily, and in some cases multiple times throughout the day. Marking-to-market allows the ICE Clearing Houses to identify any clearing members that may be unable to satisfy the financial obligations resulting from changes in the prices of their open contracts before those financial obligations become exceptionally large and jeopardize the ability of the ICE Clearing Houses to ensure financial performance of clearing members’ open positions. Each of the ICE Clearing Houses requires that each clearing member make deposits into a fund known as a “guaranty fund”, which is maintained by the relevant ICE Clearing House. These amounts serve to secure the obligations of a clearing member to the ICE Clearing House to which it has made the guaranty fund deposit and may be used to cover losses sustained by the respective ICE Clearing House in the event of a default of a clearing member. Each of the ICE Clearing Houses has equal and offsetting claims to and from their respective clearing members on opposite sides of each cleared contract. This arrangement allows the ICE Clearing Houses to serve as the central financial counterparty on every cleared contract. Each ICE Clearing House bears financial counterparty credit risk in the event that market movements create conditions that lead to its clearing members failing to meet their financial obligations to that ICE Clearing House. Accordingly, the ICE Clearing Houses account for this central counterparty guarantee as a performance guarantee. Given that each contract is margined and marked-to-market or settled at least once daily for each clearing member, the ICE Clearing Houses’ maximum estimated exposure for this guarantee, excluding the effects of original and variation margin requirements and mandatory deposits to the applicable guaranty fund by clearing members, is $76.1 billion as of December 31, 2015 , which represents the maximum estimated value by the ICE Clearing Houses of a hypothetical one day movement in pricing of the underlying unsettled contracts. This amount is based on calculations determined using proprietary risk management software that simulates gains and losses based on historical market prices, volatility and other factors present at that point in time for those particular unsettled contracts. Future actual market price volatility could result in the exposure being significantly different than the amount estimated by the ICE Clearing Houses. The net notional value of unsettled contracts was $2.4 trillion as of December 31, 2015 . We performed calculations to determine the fair value of our counterparty performance guarantee taking into consideration factors such as daily settlement of contracts, margining requirements, other elements of our risk management program, historical evidence of default payments, and estimated probability of potential default payouts by the ICE Clearing Houses. Based on these analyses, the estimated counterparty performance guaranty liability was determined to be nominal and no liability was recorded as of December 31, 2015 and 2014 . The ICE Clearing Houses seek to reduce their exposure through a risk management program that includes initial and ongoing financial standards for clearing member admission and continued membership, original and variation margin requirements, and mandatory deposits to the guaranty fund. The amounts that the clearing members are required to maintain in the original margin and guaranty fund accounts are determined by standardized parameters established by the risk management departments and reviewed by the risk committees and the boards of directors of each of the ICE Clearing Houses and may fluctuate over time. As of December 31, 2015 and 2014 , the ICE Clearing Houses have received or have been pledged $87.2 billion and $77.0 billion , respectively, in cash and non-cash collateral in original margin and guaranty fund deposits to cover price movements of underlying contracts for both periods. The ICE Clearing Houses also have powers of assessment that provide the ability to collect additional funds from their clearing members to cover a defaulting member’s remaining obligations up to the limits established under the respective rules of each ICE Clearing House. Should a particular clearing member fail to deposit original margin, or fail to make a variation margin payment, when and as required, the relevant ICE Clearing House may liquidate or hedge the clearing member’s open positions and use the clearing member’s original margin and guaranty fund deposits to make up any amount owed. In the event that those deposits are not sufficient to pay the amount owed in full, the ICE Clearing Houses may utilize the respective guaranty fund deposits of their respective clearing members on a pro-rata basis for that purpose. We have contributed $150 million , $50 million and $50 million in cash to the ICE Clear Europe, ICE Clear Credit and ICE Clear U.S. guaranty funds, respectively, as of December 31, 2015 , and such amounts are at risk and could be used in the event of a clearing member default where the amount of the defaulting clearing member’s original margin and guaranty fund deposits are insufficient. The $250 million combined contributions to the guaranty funds as of December 31, 2015 are included in long-term restricted cash in the accompanying consolidated balance sheet (Note 4). The $50 million contribution to the ICE Clear U.S. guaranty fund would be utilized after the available funds of the defaulting clearing member but before all other amounts within the guaranty fund. For ICE Clear Europe, if a futures and options clearing member’s deposits are depleted and a default occurs, then a $100 million contribution made by us to the ICE Clear Europe guaranty fund would be utilized after the available funds of the defaulting clearing member but before all other amounts within the guaranty fund. The $100 million is solely available in the event of an ICE Clear Europe futures and options clearing member default. We have contributed $50 million to the ICE Clear Credit guaranty fund and $50 million to the ICE Clear Europe CDS guaranty fund. The first $25 million contributed to each of the ICE Clear Credit guaranty fund and ICE Clear Europe CDS guaranty fund will be utilized after the available funds of the defaulting CDS clearing member but before all other amounts within the guaranty funds. The additional $25 million contributed to each of the ICE Clear Credit guaranty fund and ICE Clear Europe CDS guaranty fund will be utilized pro-rata along with other non-defaulting CDS clearing members’ deposits in the respective guaranty funds. Subject to regulatory approval, ICE Clear Europe plans to move the total $50 million contribution to the CDS guaranty fund to be utilized after the available funds of the defaulting clearing member but before all other amounts within the guaranty fund. As of December 31, 2015 , original margin and guaranty fund cash deposits are as follows for the ICE Clearing Houses (in millions): ICE Clear Europe ICE Clear ICE Clear U.S. Other ICE Clearing Houses Total Original margin $ 28,454 $ 13,750 $ 3,882 $ 159 $ 46,245 Guaranty fund 2,589 2,011 311 13 4,924 Total $ 31,043 $ 15,761 $ 4,193 $ 172 $ 51,169 As of December 31, 2014 , original margin and guaranty fund cash deposits are as follows for the ICE Clearing Houses (in millions): ICE Clear Europe ICE Clear ICE Clear U.S. Other ICE Clearing Houses Total Original margin $ 23,291 $ 14,056 $ 4,285 $ 42 $ 41,674 Guaranty fund 3,048 2,408 290 38 5,784 Total $ 26,339 $ 16,464 $ 4,575 $ 80 $ 47,458 We have recorded these cash deposits in the accompanying consolidated balance sheets as current assets with corresponding current liabilities to the clearing members of the relevant ICE Clearing House. All cash, securities and letters of credit are available only to meet the financial obligations of that clearing member to the relevant ICE Clearing House. ICE Clear Europe, ICE Clear Credit, ICE Clear U.S., ICE Clear Canada, ICE Clear Netherlands and ICE Clear Singapore are separate legal entities and are not subject to the liabilities of the other ICE Clearing Houses or the obligations of the members of the other ICE Clearing Houses. The amount of these cash deposits may fluctuate due to the types of margin collateral choices available to clearing members and the change in the amount of deposits required. As a result, these assets and corresponding liabilities may vary significantly over time. Except as noted below with respect to ICE Clear Credit, the majority of the cash held by the ICE Clearing Houses is secured in reverse repurchase agreements with primarily overnight maturities or direct investment in U.S. government securities. The remaining cash deposits at the ICE Clearing Houses are held in demand deposit accounts at large, highly rated financial institutions and directly in U.S. Treasury securities with original maturities of less than 12 months. Of the $31.0 billion of ICE Clear Europe cash deposits as of December 31, 2015 , which are primarily held in U.S. dollars, euros and pounds sterling, $25.0 billion relates to futures and options products and $6.0 billion relates to cleared OTC European CDS instruments. ICE Clear Europe offers a separate clearing platform, risk model and risk pool for futures and options products that is distinct from those associated with cleared OTC European CDS instruments. Of the $31.0 billion of ICE Clear Europe cash deposits as of December 31, 2015 , $22.6 billion represent funds invested under reverse repurchase agreements through third party investment and custody agents, with several different counterparty banks, some of which are also our clearing members and are large commercial financial institutions, and $8.2 billion represent funds invested directly in sovereign debt. Under these arrangements, ICE Clear Europe primarily purchases U.S. Treasury securities and certain sovereign debt obligations from the seven largest industrialized nations, and the various counterparties agree to repurchase the instruments on the set repurchase date at the set repurchase price, plus interest. The carrying value of these securities approximates their fair value due to the short-term nature of the instruments and repurchase agreements. ICE Clear Credit has been designated as a systemically important financial market utility by the Financial Stability Oversight Council and has been authorized to establish and maintain a cash account at the Federal Reserve Bank of Chicago. Such account was opened on July 30, 2015. Of the $15.8 billion of ICE Clear Credit cash deposits as of December 31, 2015 , $7.2 billion is held in the cash account at the Federal Reserve Bank of Chicago. An additional $5.7 billion represent funds invested under reverse repurchase agreements with several counterparty banks, which are all large commercial financial institutions. Under these arrangements, ICE Clear Credit purchases U.S. Treasury securities and other U.S. securities and the various counterparties agree to repurchase the instruments the following business day at a set price, plus interest. The remaining $2.9 billion in ICE Clear Credit cash deposits represent primarily euro cash in demand deposit accounts at large, highly-rated financial institutions. In addition to the cash deposits for original margin and the guaranty fund, the ICE Clearing Houses have also received other assets from clearing members, which may include government obligations, certain agency and corporate debt, letters of credit or gold to mitigate credit risk. These assets are not reflected in the accompanying consolidated balance sheets as the risks and rewards of these assets remain with the clearing members unless the ICE Clearing Houses have sold or re-pledged the assets or in the event of a clearing member default, where the clearing member is no longer entitled to redeem the assets. Any income, gain or loss accrues to the clearing member. For certain non-cash deposits, the ICE Clearing Houses may impose discount or “haircut” rates to ensure adequate collateral levels to account for fluctuations in the market value of these deposits. As of December 31, 2015 and 2014 , the assets pledged by the clearing members as original margin and guaranty fund deposits for each of the ICE Clearing Houses are detailed below (in millions): As of December 31, 2015 As of December 31, 2014 ICE Clear Europe ICE Clear ICE Clear U.S. Other ICE Clearing Houses ICE Clear Europe ICE Clear ICE Clear U.S. Other ICE Clearing Houses Original margin: Government securities at face value $ 21,690 $ 4,989 $ 8,161 $ 97 $ 18,284 $ 3,235 $ 6,972 $ 99 Letters of credit — — — 381 — — — 4 Total $ 21,690 $ 4,989 $ 8,161 $ 478 $ 18,284 $ 3,235 $ 6,972 $ 103 Guaranty fund: Government securities at face value $ 267 $ 229 $ 158 $ 61 $ 284 $ 424 $ 190 $ 15

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases We lease office space, equipment facilities and certain computer equipment under lease agreements that expire at various dates through 2028. Our leases typically contain terms which may include renewal options, rent escalations, rent holidays and leasehold improvement incentives. We had no capital leases as of December 31, 2015 and 2014 . Rental expense under these leases, included in the accompanying consolidated statements of income in rent and occupancy and technology and communication expenses, totaled $60 million , $82 million and $47 million for the years ended December 31, 2015 , 2014 , and 2013 , respectively. As of December 31, 2015 , future minimum lease payments under these non-cancelable operating agreements are as follows (in millions): 2016 $ 42 2017 95 2018 36 2019 32 2020 33 Thereafter 156 Total $ 394 Redeemable Non-controlling Interest As part of the ICE Endex purchase agreement, Gasunie has a put option to sell to us, and we have a call option to purchase from Gasunie, Gasunie’s entire 21% remaining ownership in ICE Endex at fair market value provided that the fair value falls between a stated cap and floor. Both the call and put option became exercisable on March 26, 2015 and they both expire on March 26, 2018. As part of the ICE Clear Netherlands acquisition (Note 3), ABN AMRO has a put option to sell to us, and we have a call option to purchase from ABN AMRO, ABN AMRO’s entire remaining 25% ownership in ICE Clear Netherlands at fair market value subject to a stated floor. Both the call and put option become exercisable after the third anniversary of the date of closing of the acquisition. Since the likelihood of us acquiring both of the non-controlling interests in the future is probable, we have recorded the full redemption fair value of $35 million and $40 million as of December 31, 2015 and 2014 , respectively, relating to ICE Endex and ICE Clear Netherlands as mezzanine equity and classified the related balance as “redeemable non-controlling interest” in the accompanying consolidated balance sheets and the proportionate share of profits was recorded as net income from continuing operations attributable to non-controlling interest in the consolidated statements of income. Changes in the redemption value of the non-controlling interest are recorded to the redeemable non-controlling interest balance in full as they occur. Prior to the our acquisition of NYSE, NYSE completed the sale of a significant equity interest in NYSE Amex Options, one of our two U.S. options exchanges, to seven external investors. Under the terms of the sale, the external investors had the option to require us to repurchase a portion of the equity interest on an annual basis. Since the likelihood of us acquiring the non-controlling interest was probable, the full redemption fair value had been recorded as mezzanine equity and the related balance as “redeemable non-controlling interest” in the consolidated balance sheets and the proportionate share of profits was recorded as net income from continuing operations attributable to non-controlling interest in the consolidated statements of income. In July 2014 we repurchased 16% of the interest held by the seven external investors for $129 million in cash, and in June 2015 we repurchased the remaining 16% of the interest for $128 million in cash. Effective from July 1, 2015, all of the profits from NYSE Amex Options are retained by us as we now own 100% of NYSE Amex Options. Legal Proceedings We are subject to legal proceedings and claims that arise from time to time in the course of our business. Typically, we do not believe that the resolution of ordinary course matters, including the matters described below, will have a material adverse effect on our consolidated financial condition, results of operations, or liquidity. It is possible, however, that future results of operations for any particular quarterly or annual period could be materially and adversely affected by any developments relating to the legal proceedings and claims. The matters described below all relate to our operation of NYSE. A range of possible losses related to the cases below cannot be reasonably estimated at this time, except as otherwise disclosed below. In April 2014, the first of four purported class action lawsuits was filed in the U.S. District Court for the Southern District of New York, or the Southern District, by the City of Providence, Rhode Island, against more than 40 defendants, including “Exchange Defendants”, “Brokerage Defendants” and “HFT (High Frequency Trading) Defendants”, which we refer to as the City of Providence lawsuit. New York Stock Exchange LLC and NYSE Arca, Inc., two of our subsidiaries, were among the named Exchange Defendants. On July 2, 2014, the court ordered the cases consolidated for all purposes, and appointed lead plaintiffs. On September 3, 2014, the lead plaintiffs filed an amended complaint asserting claims against only a subset of the original Exchange Defendants, including New York Stock Exchange LLC and NYSE Arca, Inc., and also asserting claims against Barclays PLC, or Barclays, a subsidiary of which operates an alternative trading system known as Barclays LX. The lead plaintiffs are suing on behalf of a class of “all public investors” who bought or sold stock from April 18, 2009 to the present on the U.S.-based equity exchanges operated by the remaining Exchange Defendants or on Barclays LX. The amended complaint asserts violations by all remaining Exchange Defendants of Sections 10(b) and 6(b) of the Securities Exchange Act of 1934, or the Exchange Act, and seeks unspecified compensatory damages against all defendants, jointly and severally, as well as various forms of equitable relief. The defendants filed a motion on November 3, 2014 to dismiss the amended complaint. On November 24, 2014, the plaintiffs filed a second amended complaint asserting the same legal claims and substantially the same factual allegations. On January 23, 2015, the defendants filed motions to dismiss the second amended complaint. On August 26, 2015, the court issued an opinion and order granting the defendants’ motions to dismiss and dismissing the second amended complaint in its entirety with prejudice. The court held that the plaintiffs had failed to sufficiently state a claim against the defendants under Sections 10(b) and 6(b) of the Exchange Act, and additionally that some of the claims against the exchanges were barred by the doctrine of self-regulatory organization immunity. On September 24, 2015, the plaintiffs filed a notice of appeal of the dismissal of the lawsuit. Briefing in the appeal is expected to occur during the first half of 2016. In May 2014, three purported class action lawsuits were filed in the Southern District by Harold Lanier against the securities exchanges that are participants in each of the three national market system data distribution plans - the Consolidated Tape Association/Consolidated Quotation Plan, the Nasdaq UTP Plan, and the Options Price Reporting Authority, or the Plans, - which are established under the Exchange Act and regulated by the SEC. On August 15, 2014, Lanier filed amended complaints in each of the three lawsuits but did not alter the named defendants. New York Stock Exchange LLC, NYSE Arca, Inc. and NYSE MKT LLC, which are our subsidiaries, are among the defendants named in one or more of the suits. Lanier is claiming to sue on behalf of himself and all other similarly situated subscribers to the market data disseminated by the Plans. Lanier’s allegations include that the exchange participants in the Plans breached agreements with subscribers by disseminating market data in a discriminatory manner in that other “preferred” customers allegedly received their data faster than the proposed class. The complaints seek, among other relief, unspecified compensatory damages, restitution of the putative class’s subscription fees paid to the defendants, disgorgement of the fees paid by the so-called preferred customers, and injunctive and declaratory relief. On September 29, 2014, the defendants moved to dismiss the amended complaint. On April 28, 2015, the court issued an opinion and order granting the motion and dismissing the three lawsuits with prejudice. The court determined that the claims were preempted by a “comprehensive federal regulatory scheme”, and that in any event Lanier had failed to state a claim for breach of contract. On May 20, 2015, Lanier filed notices of appeal of the dismissal of the lawsuits. Briefing in the appeals is complete and oral argument is scheduled to occur on March 3, 2016. One of our subsidiaries, NYSE Brazil Holdings, B.V., or NYSE BV, was a party to an arbitration proceeding initiated by an arbitration demand dated June 4, 2014 in Brazil, filed by ATG Americas Trading Group, S.A. and ATS Brasil S.A., or ATG/ATS, which we refer to as the ATG/ATS arbitration proceeding. NYSE BV and ATG Americas Trading Group, S.A. own 20% and 80% , respectively, of the equity in ATS Brasil S.A., a company with a prospective cash equity trading platform in Brazil, which is not yet operational. ATG/ATS alleged NYSE BV breached certain obligations and asserted damages. On June 3, 2015, the arbitration panel granted a request by ATG/ATS to add NYSE Holdings LLC as a party to the arbitration, but denied its request to add any other alleged NYSE BV affiliates. In August 2015, NYSE BV and ATG/ATS settled the dispute and the arbitration panel terminated the arbitration proceeding. NYSE Holdings LLC was also released from any potential liability to ATG/ATS, although it never accepted the jurisdiction of the arbitration panel or formally appeared in the proceeding. The settlement expense for the ATG/ATS arbitration proceeding is recorded in other expense for the year ended December 31, 2015 in the accompanying consolidated statement of income. Tax Audits We are engaged in ongoing discussions and audits with taxing authorities on various tax matters, the resolutions of which are uncertain. Currently, there are matters that may lead to assessments involving us or one of our subsidiaries, some of which may not be resolved for several years. Based on currently available information, we believe we have adequately provided for any assessments that could result from those proceedings where it is more likely than not that we will be assessed. We continuously review our positions as these matters progress.

Pension and Other Benefit Progr

Pension and Other Benefit Programs	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Benefit Programs	Pension and Other Benefit Programs Defined Benefit Pension Plan We have a pension plan covering certain of our U.S. operations. The pension plan was assumed in the NYSE acquisition. The benefit accrual for the pension plan is frozen. Retirement benefits are derived from a formula, which is based on length of service and compensation. Based on this calculation, we may contribute to our pension plan to the extent such contributions may be deducted for income tax purposes. During the years ended December 31, 2015 and 2014, we contributed $10 million and $51 million , respectively, to our pension plan. Our practice is to fund our frozen defined benefit pension plan each year at the level above the minimum required contribution but within tax deductible limits. Based on actuarial projections, we estimate that a contribution of $10 million during the year ended December 31, 2016 will allow us to meet our funding goal. However, the actual contribution is contingent on the actual plan performance relative to assumptions. During year ended December 31, 2014 , as part of certain plan amendments, lump sum payments were offered to certain terminated vested participants as part of a de-risking strategy in the pension plans. The offer was made to 2,725 participants, of whom 935 , or 34% , elected to receive a lump sum. The total amount paid to this group was $55 million and when combined with other lump sum payments made during the year, it exceeded the total interest cost and service cost for the year. We recognized a loss of $4 million for the year ended December 31, 2014 in connection with these plan settlements, which is included in acquisition-related transaction and integration cost in our consolidated statement of income. We base our investment policy and objectives on a review of the actuarial and funding characteristics of the retirement plan, the demographic profile of plan participants, and our business and financial characteristics. Capital market risk/return opportunities and tradeoffs also are considered as part of the determination. The primary investment objective of our plan is to achieve a long-term rate of return that meets the actuarial funding requirements of the plan and maintain an asset level sufficient to meet all benefit obligations of the plan. The target allocations for the U.S. plan assets are 65 percent equity securities and 35 percent U.S. fixed income securities. Equity securities primarily include investments in large-cap and small-cap companies primarily located in the U.S., which include corporate bonds of companies from diversified industries and U.S. treasuries. Based on the valuation techniques described in Note 15, the fair values of our pension plan assets as of December 31, 2015 , by asset category, are as follows (in millions): Fair Value Measurements Asset Category Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash $ 11 $ — $ — $ 11 Equity securities: U.S. large-cap — 244 — 244 U.S. small-cap — 69 — 69 International — 128 — 128 Fixed income securities 128 83 3 214 Total $ 139 $ 524 $ 3 $ 666 The fair values of our pension plan assets as of December 31, 2014 , by asset category, are as follows (in millions): Fair Value Measurements Asset Category Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash $ 31 $ — $ 3 $ 34 Equity securities: U.S. large-cap 150 76 — 226 U.S. small-cap 69 38 — 107 International 85 51 — 136 Fixed income securities 121 94 — 215 Total $ 456 $ 259 $ 3 $ 718 The measurement dates for the pension plan are December 31, 2015 and 2014 . The following table provides a summary of the changes in the pension plan's benefit obligations and the fair value of assets as of December 31, 2015 and 2014 and a statement of funded status of the pension plan as of December 31, 2015 and 2014 (in millions): As of December 31, 2015 2014 Asset Category Change in benefit obligation: Benefit obligation at beginning of year $ 916 $ 837 Interest cost 34 37 Actuarial (gain) loss (38 ) 146 Plan settlements — (55 ) Benefits paid (51 ) (49 ) Benefit obligation at year end $ 861 $ 916 Change in plan assets: Fair value of plan assets at beginning of year $ 718 $ 735 Actual return (loss) on plan assets (11 ) 36 Contributions 10 51 Plan settlements — (55 ) Benefits paid (51 ) (49 ) Fair value of plan assets at end of year $ 666 $ 718 Funded status $ (195 ) $ (198 ) Accumulated benefit obligation $ 861 $ 916 Amounts recognized in the accompanying consolidated balance sheets: Accrued employee benefits $ (195 ) $ (198 ) The components of the pension plan expense (benefit) in the accompanying consolidated statements of income are set forth below for the years ended December 31, 2015 and 2014 and for the period from November 13, 2013 to December 31, 2013 (in millions): Year Ended December 31, Period from November 13, 2013 to December 31, 2013 2015 2014 Interest cost $ 34 $ 37 $ 5 Estimated return on plan assets (46 ) (47 ) (6 ) Amortization of loss 2 — — Settlement loss — 4 — Aggregate pension expense (benefit) $ (10 ) $ (6 ) $ (1 ) We use a market-related value of plan assets when determining the estimated return on plan assets. Gains/losses on plan assets are amortized over a four year period and accumulate in other comprehensive income. We recognize deferred gains and losses in future net income based on a “corridor” approach, where the corridor is equal to 10% of the greater of the benefit obligation or the market-related value of plan assets at the beginning of the year. The following table shows the projected payments for the pension plan based on actuarial assumptions (in millions): 2016 $ 50 2017 50 2018 49 2019 49 2020 49 Next 5 years 246 Supplemental Executive Retirement Plan We have a U.S. nonqualified supplemental executive retirement plan, or SERP, which provides supplemental retirement benefits for certain employees. The future benefit accrual of the SERP plan is frozen. To provide for the future payments of these benefits, we have purchased insurance on the lives of certain of the participants through company-owned policies. As of December 31, 2015 and 2014 , the cash surrender value of such policies was $51 million and $54 million , respectively, and is included in other non-current assets in the accompanying consolidated balance sheets. The following table provides a summary of the changes in the SERP benefit obligations (in millions): As of December 31, 2015 2014 Change in benefit obligation: Benefit obligation at beginning of year $ 73 $ 73 Interest cost 2 3 Actuarial (gain) loss (3 ) 8 Benefits paid (11 ) (11 ) Benefit obligation at year end $ 61 $ 73 Funded status $ (61 ) $ (73 ) Amounts recognized in the accompanying consolidated balance sheets: Other current liabilities $ (9 ) $ (11 ) Accrued employee benefits (52 ) (62 ) SERP plan expense in the accompanying consolidated statements of income was $2 million and $3 million for the years ended December 31, 2015 and 2014, respectively, and primarily consisting of interest cost. The following table shows the projected payments for the SERP plan based on the actuarial assumptions (in millions): Projected SERP Plan Payments 2016 $ 9 2017 8 2018 7 2019 5 2020 5 Next 5 years 19 Pension and SERP Plans Assumptions The weighted average assumptions used to develop the actuarial present value of the projected benefit obligation and net periodic pension/SERP costs for years ended December 31, 2015 and 2014 and for the period from November 13, 2013 to December 31, 2013 are set forth below: Year Ended December 31, Period from November 13, 2013 to December 31, 2013 2015 2014 Discount rate (pension/SERP plans) 4.0%/3.4% 3.8%/3.2% 4.6%/3.8% Expected long-term rate of return on plan assets (pension/SERP plans) 6.5%/N/A 6.5%/N/A 6.5%/N/A Rate of compensation increase N/A N/A N/A The assumed discount rate reflects the market rates for high-quality corporate bonds currently available. The discount rate was determined by considering the average of pension yield curves constructed on a large population of high quality corporate bonds. The resulting discount rates reflect the matching of plan liability cash flows to yield curves. To develop the expected long-term rate of return on assets assumption, we considered the historical returns and the future expectations for returns for each asset class as well as the target asset allocation of the pension portfolio. In the fourth quarter of 2015, we changed the method we use to estimate the interest component of net periodic benefit cost for pension and other postretirement benefits. This change compared to the previous method will result in a decrease in the interest component of pension cost in 2016. Historically, we estimated the interest cost component utilizing a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. We have elected to utilize a full yield curve approach in the estimation of these components by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows. We have made this change to provide a more precise measurement of interest cost by improving the correlation between projected benefit cash flows to the corresponding spot yield curve rates. This change does not affect the measurement of our total benefit obligations or our annual net periodic benefit cost as the change in the interest costs is completely offset in the actuarial (gain) loss reported. We have accounted for this change as a change in accounting estimate that is inseparable from a change in accounting principle and accordingly have accounted for it prospectively. We do not anticipate this change having a material impact on future period results. Post-retirement Benefit Plans Our defined benefit plans provide certain health care and life insurance benefits for certain eligible retired NYSE U.S. employees. These post-retirement benefit plans, which may be modified in accordance with their terms, are fully frozen. The net periodic post-retirement benefit costs were $8 million , $9 million and $1 million for the years ended December 31, 2015 and 2014 and for the period from November 13, 2013 to December 31, 2013, respectively. The defined benefit plans are unfunded and we currently do not expect to fund the post-retirement benefit plans. The weighted average discount rate as of December 31, 2015 and 2014 is 4.1% and 3.8% , respectively. The following table shows the actuarial determined benefit obligation, interest costs, employee contributions, actuarial (gain) loss, benefits paid during the period and the accrued employee benefits (in millions): As of December 31, 2015 2014 Benefit obligation at the end of year $ 224 $ 239 Interest cost 8 8 Actuarial (gain) loss (12 ) 35 Employee contributions 3 3 Benefits paid (14 ) (16 ) Amounts recognized in the accompanying consolidated balance sheets: Other current liabilities $ (12 ) $ (12 ) Accrued employee benefits $ (212 ) $ (227 ) The following table shows the payments projected for our post-retirement benefit plans (net of expected Medicare subsidy receipts of $12 million in aggregate over the next ten fiscal years) based on actuarial assumptions (in millions): 2016 $ 13 2017 13 2018 13 2019 13 2020 13 Next 5 years 68 For measurement purposes, we assumed an 7.6% annual rate of increase in the per capita cost of covered health care benefits in 2015 which will decrease on a graduated basis to 4.5% in the year 2029 and thereafter. The following table shows the effect of a one-percentage-point increase and decrease in assumed health care cost trend rates (in millions): Assumed Health Care Cost Trend Rate 1% Increase 1% Decrease Effect of post-retirement benefit obligation $ 29 $ (24 ) Effect on total of service and interest cost components 1 (1 ) Accumulated Other Comprehensive Loss The accumulated other comprehensive loss, after tax, as of December 31, 2015 , consisted of the following amounts that have not yet been recognized in net periodic benefit cost (in millions): Pension Plans SERP Plans Post-retirement Benefit Plans Total Unrecognized net actuarial losses, after tax $ 102 $ 3 $ 14 $ 119 The amount of prior actuarial loss included in accumulated other comprehensive income related to the pension, SERP and postretirement plans as of December 31, 2015 , which are expected to be recognized in net periodic benefit cost in the coming year, is estimated to be (in millions): Pension Plans SERP Plans Post-retirement Benefit Plans Total Loss recognition $ (1 ) $ — $ — $ (1 ) Other Benefit Plans and Defined Contribution Plans The employees of our historical ICE U.S.-based subsidiaries are eligible to participate in a 401(k) and Profit Sharing Plan, or the 401(k) Plan. We offer a match of 100% of the first 6% of the eligible employee’s compensation contributed to the 401(k) Plan, subject to plan and statutory limits. Total matching contributions under our 401(k) Plan were $7 million , $5 million and $4 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. No discretionary or profit sharing contributions were made during the years ended December 31, 2015 , 2014 or 2013 . Our historical ICE U.K.-based subsidiaries have a defined contribution pension plan for eligible employees. We contribute a percentage of the employee’s base salary to the plan each month and employees are also able to make additional voluntary contributions, subject to plan and statutory limits. Our contribution ranges from 10% to 20% of the employee’s base salary. Total contributions made by us for the years ended December 31, 2015 , 2014 and 2013 were $5 million , $4 million and $3 million , respectively, related to the historical ICE U.K. defined contribution pension plan. Under NYSE's defined contribution plans, most NYSE's employees contribute a portion of their salary within legal limits. Our U.S. operations match an amount equal to 100% of the first 6% of eligible contributions. The U.K. operations contribute an equivalent of 7% of the employee's salary for all employees who are active in the savings plan. Total contributions made by us for the years ended December 31, 2015 and 2014 and for the period from November 13, 2013 to December 31, 2013 were $9 million , $20 million and $2 million , respectively, related to the NYSE's defined contribution plans. The U.S. operations also provide benefits under a Supplemental Executive Savings Plan, or SESP, to which eligible employees may contribute. SESP employee contributions were $2 million and $2 million for the year ended December 31, 2014 and for the period from November 13, 2013 to December 31, 2013, respectively (there were no contributions for the year ended December 31, 2015). Included in accrued employee benefits payable was $11 million and $13 million as of December 31, 2015 , and 2014 , respectively, relating to the SESP plan. Interactive Data's U.S. employees are eligible to participate in a 401(k) Plan, or the Plan, which allows all employees to make contributions of a specified percentage of their compensation. We offer a match up to 4.5% of the employee’s eligible pay if the employee contributes at least 6% of their eligible pay, subject to statutory limits. The Plan additionally allows certain employees to contribute amounts above the specified percentage, which are not subject to any employer match. Interactive Data's U.K. employees are eligible for an Interactive Data defined contribution plan that matches employee contributions depending on hire date and age band up to a maximum amount.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Our financial instruments consist primarily of cash and cash equivalents, short-term and long-term restricted cash and investments, short-term and long-term investments, customer accounts receivable, margin deposits and guaranty funds, cost and equity method investments, short-term and long-term debt and certain other short-term assets and liabilities. The fair value of our financial instruments are measured based on a three-level hierarchy: • Level 1 inputs — quoted prices for identical assets or liabilities in active markets. • Level 2 inputs — observable inputs other than Level 1 inputs such as quoted prices for similar assets and liabilities in active markets or inputs other than quoted prices that are directly observable. • Level 3 inputs — unobservable inputs supported by little or no market activity and that are significant to the fair value of the assets or liabilities. In general, we use Level 1 inputs to determine fair value. The Level 1 assets consist of U.S. Treasury securities, equity and other securities listed in active markets, and investments in publicly traded mutual funds held for the purpose of providing future payments of the SERP and SESP plans. Financial assets and liabilities recorded in the accompanying consolidated balance sheets as of December 31, 2015 and 2014 are classified in their entirety based on the lowest level of input that is significant to the asset or liability’s fair value measurement. Financial instruments measured at fair value on a recurring basis as of December 31, 2015 are as follows (in millions): Level 1 Level 2 Level 3 Total Assets at fair value: Long-term investment in equity securities $ 299 $ — $ — $ 299 U.S. Treasury securities 449 — — 449 Mutual Funds 29 — — 29 Total assets at fair value $ 777 $ — $ — $ 777 Financial instruments measured at fair value on a recurring basis as of December 31, 2014 are as follows (in millions): Level 1 Level 2 Level 3 Total Assets at fair value: Long-term investment in equity securities $ 379 $ — $ — $ 379 U.S. Treasury securities 374 — — 374 Mutual Funds 27 — — 27 Total assets at fair value $ 780 $ — $ — $ 780 As of December 31, 2015 , the fair value of our $1.24 billion 2020 Senior Notes were $1.25 billion , the fair value of our $1.24 billion 2025 Senior Notes were $1.26 billion , the fair value of our $597 million 2018 Senior Notes were $605 million , the fair value of our $789 million 2023 Senior notes were $838 million , and the fair value of our $852 million NYSE USD Notes were $854 million . The fair values of these fixed rate notes were estimated using quoted market prices for these instruments. The fair value of our other short-term and long-term debt approximates the carrying value since the rates of interest on the debt approximate market rates as of December 31, 2015 . All other financial instruments are determined to approximate carrying value due to the short period of time to their maturities. The long-term investment in equity securities as of December 31, 2015 and 2014 represents our 12% investment in Cetip, recorded at its fair value using its quoted market price (Note 5). The mutual funds represent equity and fixed income mutual funds held for the purpose of providing future payments to the SERP and SESP (Note 14). As of December 31, 2015 and 2014 , we are holding $449 million and $374 million in U.S. Treasury securities, respectively, all of which had maturities of less than one year from the date of purchase (Note 5). We did not use Level 2 and 3 inputs to determine the fair value of assets or liabilities measured at fair value on a recurring basis as of December 31, 2015 and 2014 . We measure certain assets, such as intangible assets and cost and equity method investments, at fair value on a non-recurring basis. These assets are recognized at fair value if they are deemed to be impaired. As of December 31, 2015 and 2014 , none of these assets were required to be recorded at fair value since no impairment indicators were present. Cost and equity method investments were $116 million and $53 million as of December 31, 2015 and 2014 , respectively, and are classified as other non-current assets in the accompanying consolidated balance sheets. The increase in the cost and equity method investments during the year ended December 31, 2015 is primarily due to our $60 million additional investment in OCC. We own a 40% interest in OCC through a direct investment by NYSE which we record as an equity method investment. OCC serves as a clearing house for securities options, security futures, commodity futures and options on futures traded on various independent exchanges. OCC clears securities options traded on NYSE Arca and NYSE MKT, along with other non-affiliated exchanges, and is regulated by the SEC as a registered clearing agency and by the CFTC as a derivatives clearing organization. Under equity method accounting, we will subsequently adjust the carrying value of our OCC investment on our balance sheet by recognizing our pro-rata share of the earnings or losses of OCC, with a corresponding adjustment in our statement of income to other income, after eliminating any intra-entity income or expenses. The share of OCC's earnings that we will recognize is calculated based on our 40% ownership of OCC's net income. Also, if OCC issues cash dividends to us in the future, we will deduct the amount of these dividends from the carrying amount of our investment. OCC adopted a new capital plan during the first quarter of 2015, which raised $150 million in equity capital from OCC's shareholders, including $60 million contributed by us. Pursuant to the terms of the capital plan, in exchange for the contributions of equity capital from its shareholders, OCC is required, subject to determination by its board of directors and compliance with legal requirements, to pay an annual dividend to its shareholders, on a pro rata basis, equal to the after-tax income of OCC, in excess of the amount required to maintain its target capital requirement and satisfy other capital requirements, and after refunds to its clearing members equal to 50% of distributable earnings before tax. Subsequent to our investment of the $60 million , aggrieved parties petitioned the SEC to review its approval, by delegated authority, of the capital plan. As a result of such petition, the SEC's approval of the capital plan was automatically stayed and OCC halted further implementation of the capital plan pending further SEC action. In September 2015, the SEC lifted the stay. During the fourth quarter of 2015, the OCC capital plan was implemented. Historically, OCC declared a refund to its clearing members each year that resulted in minimal profit for OCC. However, based on a new capital plan designed to comply with proposed new regulatory capital standards, OCC declared in December 2014 a reduced refund for 2014. Based on the OCC net income for the year ended December 31, 2014, we increased the carrying value of our OCC investment by $26 million , and recorded other income of $25 million during the fourth quarter of 2014. In addition, we eliminated intra-entity transaction-based expenses paid to OCC of $1 million for the year ended December 31, 2014. We recorded the increase in our equity investment during the fourth quarter of 2014, versus throughout 2014, because we were not able to determine what the OCC refund for 2014 was going to be until the new capital plan was formalized during the fourth quarter of 2014 and the 2014 fee refund was declared. During the year ended December 31, 2015 , we increased the carrying value of our investment in OCC and recorded other income of $7 million ratably throughout the year for our pro-rata share of OCC's earnings. We also reduced our carrying value of our investment in OCC by $7 million during the year ended December 31, 2015 , based on the OCC dividend that was declared in December 2015. In addition, under the OCC capital plan, the OCC shareholders will contribute up to $200 million in additional equity capital if certain capital thresholds are breached, including up to $80 million to be contributed by us. The OCC shareholders would receive Class C stock in exchange for any additional capital contribution. No dividends or other remuneration would be paid to OCC shareholders holding Class C stock. Unless and until such $200 million capital contribution is repaid to the shareholders, OCC would be prohibited from declaring any dividends and paying refunds to its clearing members.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On June 24, 2014, we sold an aggregate 65.8 million shares of common stock of Euronext, representing 94% of Euronext's outstanding shares, in three transactions. The three transactions include our sale of 42.2 million shares of Euronext common stock in an IPO at €20 per share, 23.4 million shares of Euronext common stock to a group of European institutional investors at €19.20 per share, and 0.2 million shares of Euronext common stock to eligible Euronext employees at €16 per share. On December 9, 2014, we sold our remaining 6% , or 4.2 million shares, of Euronext common stock for €95 million ( $118 million ), including a realized net gain of $4 million , which was recognized in other income in the accompanying consolidated statement of income for the year ended December 31, 2014 . The $4 million net gain included a stock price gain of $15 million based on the difference in the Euronext stock price from the IPO date to the date of sale on December 9, 2014, less $11 million in foreign currency translation losses relating to the decrease in the value of the euro relative to the U.S. dollar during this same period of time. We no longer hold any shares of Euronext stock, and these four transactions generated an aggregate €1.5 billion ( $2.1 billion ) of net cash proceeds for us. The net cash proceeds received included cash of $220 million distributed from Euronext as part of the separation of Euronext from ICE. On July 23, 2014, we sold Wombat, a unit of NYSE Technologies, to SR Labs. On September 19, 2014 we sold NYFIX and Metabit, the remaining businesses of NYSE Technologies, to ULLINK. These agreements complete our previously announced intention to divest non-core NYSE Technologies assets. Due to the sale of a controlling interest in Euronext and the sales of the three companies comprising NYSE Technologies, we de-consolidated the assets and liabilities of Euronext (as of the June 24, 2014 IPO date) and NYSE Technologies (as of the various sales dates) and included the financial results of these entities in discontinued operations in the accompanying consolidated financial statements effective from the NYSE acquisition date of November 13, 2013. There was no gain or loss recognized on the Euronext IPO or on the sale of the NYSE Technologies companies, as any differences in the carrying value of these net assets was adjusted in the NYSE purchase price allocation (Note 3). The results below include external advisory costs and professional services costs related to the sales of Euronext and NYSE Technologies of $51 million and $2 million for the years ended December 31, 2014 and 2013 , respectively, which have been included with acquisition-related transaction and integration costs, below, from discontinued operations. The results below also include deal-related compensation and severance costs related to the sales of Euronext and NYSE Technologies of $42 million and $19 million for the years ended December 31, 2014 and 2013 , respectively, which have also been included with acquisition-related transaction and integration costs below from discontinued operations. Further, the income tax provision for discontinued operations for the year ended December 31, 2013 is primarily from the impact of certain foreign tax law changes that occurred after our acquisition of NYSE on Euronext's tax assets and liabilities. We used the cash proceeds from the sale of Euronext to repay debt (Note 9). We used the net cash proceeds from the sale of NYSE Technologies to repay debt, invest in growth initiatives, pursue strategic investments and return capital to shareholders via dividends and share repurchases. Results of discontinued operations were as follows for the years ended December 31, 2014 and 2013 (in millions): Year Ended December 31, 2014 Year Ended December 31, 2013 Total revenues, less transaction-based expenses $ 347 $ 76 Operating expenses: Compensation and benefits 105 29 Technology and communication 31 6 Professional services 31 6 Rent and occupancy 12 4 Acquisition-related transaction and integration costs 103 22 Selling, general, administrative 16 4 Depreciation and amortization 16 5 Total operating expenses 314 76 Operating income 33 — Other income (expense), net 5 (4 ) Income tax expense 27 46 Income (loss) from discontinued operations, net of tax $ 11 $ (50 )

Condensed Consolidating Financi

Condensed Consolidating Financial Statements	12 Months Ended
	Dec. 31, 2015
Condensed Consolidating Financial Statements [Abstract]
Condensed Consolidating Financial Statements	Condensed Consolidating Financial Statements In connection with our acquisition of NYSE, Intercontinental Exchange, Inc., or ICE, and NYSE Holdings LLC, or NYSE Holdings, established various guarantees to protect against structural subordination of each entities’ existing indebtedness. NYSE Holdings is our wholly-owned subsidiary and fully and unconditionally guarantees, on an unsecured and unsubordinated basis, the payment of principal, premium, if any, and interest of our Amended Credit Facility, Commercial Paper Program and our senior notes. Similarly, ICE fully and unconditionally guarantees, on an unsecured and unsubordinated basis, the payment of principal, premium, if any, and interest of the NYSE USD Notes. The guarantees will remain in place until each applicable debt obligation has been satisfied. The following consolidating financial information sets forth, under the equity method of accounting, the condensed consolidating statements of income and comprehensive income, the condensed consolidating balance sheets, and the condensed consolidating statements of cash flows for (i) ICE (Parent); (ii) NYSE Holdings; (iii) the subsidiary non-guarantors; (iv) elimination entries necessary to consolidate each of ICE (Parent) and NYSE Holdings with the non-guarantor subsidiaries; and (v) on a consolidated basis. As discussed in Note 1, we were formed on March 6, 2013 for purposes of effecting the acquisition of NYSE. Therefore, the condensed consolidating statements for periods prior thereto reflect how these statements would have been presented had we been established for all periods presented. The condensed consolidating financial statements only include activity related to NYSE for the period subsequent to November 13, 2013, the closing date of the NYSE acquisition, for the condensed consolidating statements of income, comprehensive income and cash flows. The condensed consolidating financial information should be read in conjunction with the accompanying consolidated financial statements. Intercontinental Exchange, Inc. Condensed Consolidating Balance Sheets As of December 31, 2015 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Current assets: Cash and cash equivalents $ 1 $ — $ 626 $ — $ 627 Intercompany receivable 3,176 — — (3,176 ) — Margin deposits and guaranty funds — — 51,169 — 51,169 Notes receivable from affiliate, current — 705 77 (782 ) — Other current assets 5 — 1,512 — 1,517 Total current assets 3,182 705 53,384 (3,958 ) 53,313 Property and equipment, net — — 1,037 — 1,037 Other non-current assets: Goodwill and other intangible assets, net — — 22,837 — 22,837 Investment in subsidiaries 21,120 9,840 — (30,960 ) — Notes receivable from affiliate, non-current — 3,128 3,370 (6,498 ) — Other non-current assets 20 10 770 — 800 Total other non-current assets 21,140 12,978 26,977 (37,458 ) 23,637 Total assets $ 24,322 $ 13,683 $ 81,398 $ (41,416 ) $ 77,987 Current liabilities: Short-term debt $ 2,591 $ — $ — $ — $ 2,591 Margin deposits and guaranty funds — — 51,169 — 51,169 Intercompany payable — 1,784 1,392 (3,176 ) — Notes payable to affiliates, current 358 — 424 (782 ) — Other current liabilities 36 — 947 — 983 Total current liabilities 2,985 1,784 53,932 (3,958 ) 54,743 Non-current liabilities: Long-term debt 3,865 852 — — 4,717 Notes payable to affiliates, non-current 2,629 741 3,128 (6,498 ) — Other non-current liabilities 35 — 3,617 — 3,652 Total non-current liabilities 6,529 1,593 6,745 (6,498 ) 8,369 Total liabilities 9,514 3,377 60,677 (10,456 ) 63,112 Redeemable non-controlling interest — — 35 — 35 Equity: Total shareholders' equity 14,808 10,306 20,654 (30,960 ) 14,808 Non-controlling interest in consolidated subsidiaries — — 32 — 32 Total equity 14,808 10,306 20,686 (30,960 ) 14,840 Total liabilities and equity $ 24,322 $ 13,683 $ 81,398 $ (41,416 ) $ 77,987 Intercontinental Exchange, Inc. Condensed Consolidating Balance Sheets As of December 31, 2014 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Current assets: Cash and cash equivalents $ 6 $ 5 $ 641 $ — $ 652 Intercompany receivable 2,793 — 529 (3,322 ) — Margin deposits and guaranty funds — — 47,458 — 47,458 Notes receivable from affiliate, current — 313 31 (344 ) — Other current assets 60 1,173 949 (60 ) 2,122 Total current assets 2,859 1,491 49,608 (3,726 ) 50,232 Property and equipment, net — — 874 — 874 Other non-current assets: Goodwill and other intangible assets, net — — 16,315 — 16,315 Investment in subsidiaries 13,682 9,572 — (23,254 ) — Notes receivable from affiliate, non-current — 2,790 1,516 (4,306 ) — Other non-current assets 13 11 809 — 833 Total other non-current assets 13,695 12,373 18,640 (27,560 ) 17,148 Total assets $ 16,554 $ 13,864 $ 69,122 $ (31,286 ) $ 68,254 Current liabilities: Short-term debt $ 905 $ 1,137 $ — $ — $ 2,042 Margin deposits and guaranty funds — — 47,458 — 47,458 Intercompany payable — 1,933 1,389 (3,322 ) — Notes payable to affiliates, current 344 — — (344 ) — Other current liabilities 30 — 966 (60 ) 936 Total current liabilities 1,279 3,070 49,813 (3,726 ) 50,436 Non-current liabilities: Long-term debt 1,382 853 — — 2,235 Notes payable to affiliates, non-current 1,516 — 2,790 (4,306 ) — Other non-current liabilities 17 — 3,009 — 3,026 Total non-current liabilities 2,915 853 5,799 (4,306 ) 5,261 Total liabilities 4,194 3,923 55,612 (8,032 ) 55,697 Redeemable non-controlling interest — — 165 — 165 Equity: Total shareholders' equity 12,360 9,941 13,313 (23,254 ) 12,360 Non-controlling interest in consolidated subsidiaries — — 32 — 32 Total equity 12,360 9,941 13,345 (23,254 ) 12,392 Total liabilities and equity $ 16,554 $ 13,864 $ 69,122 $ (31,286 ) $ 68,254 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Income Year Ended December 31, 2015 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Revenues: Transaction and clearing fees, net $ — $ — $ 3,228 $ — $ 3,228 Data services fees — — 871 — 871 Listing fees and other revenues — — 583 — 583 Total revenues — — 4,682 — 4,682 Transaction-based expenses — — 1,344 — 1,344 Total revenues, less transaction-based expenses — — 3,338 — 3,338 Operating expenses: Compensation and benefits 1 — 610 — 611 Technology and communication — — 203 — 203 Acquisition-related transaction and integration costs 12 — 76 — 88 Selling, general, administrative and other 1 — 311 — 312 Depreciation and amortization — — 374 — 374 Total operating expenses 14 — 1,574 — 1,588 Operating income (loss) (14 ) — 1,764 — 1,750 Total other expense, net (44 ) (23 ) (30 ) — (97 ) Income (loss) from continuing operations before income taxes (58 ) (23 ) 1,734 — 1,653 Income tax expense (benefit) — — 358 — 358 Equity earnings from subsidiaries 1,332 417 — (1,749 ) — Net income $ 1,274 $ 394 $ 1,376 $ (1,749 ) $ 1,295 Net income attributable to non-controlling interest — — (21 ) — (21 ) Net income attributable to ICE $ 1,274 $ 394 $ 1,355 $ (1,749 ) 1,274 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Comprehensive Income Year Ended December 31, 2015 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Net income $ 1,274 $ 394 $ 1,376 $ (1,749 ) $ 1,295 Other comprehensive income (loss): Foreign currency translation adjustments — — (58 ) — (58 ) Change in fair value of available-for-sale securities — — (81 ) — (81 ) Comprehensive income from equity method investment — — 2 — 2 Employee benefit plan adjustments — — (5 ) — (5 ) Total other comprehensive loss — — (142 ) — (142 ) Comprehensive loss of subsidiaries (142 ) (18 ) — 160 — Comprehensive income 1,132 376 1,234 (1,589 ) 1,153 Comprehensive income attributable to non-controlling interests — — (21 ) — (21 ) Comprehensive income attributable to ICE $ 1,132 $ 376 $ 1,213 $ (1,589 ) $ 1,132 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Income Year Ended December 31, 2014 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Revenues: Transaction and clearing fees, net $ — $ — $ 3,144 $ — $ 3,144 Data services fees — — 691 — 691 Listing fees and other revenues — — 517 — 517 Total revenues — — 4,352 — 4,352 Transaction-based expenses — — 1,260 — 1,260 Total revenues, less transaction-based expenses — — 3,092 — 3,092 Operating expenses: Compensation and benefits 1 — 591 — 592 Technology and communication — — 188 — 188 Acquisition-related transaction and integration costs — 12 117 — 129 Selling, general, administrative and other 1 — 401 — 402 Depreciation and amortization — — 333 — 333 Total operating expenses 2 12 1,630 — 1,644 Operating income (loss) (2 ) (12 ) 1,462 — 1,448 Total other income (expense), net (17 ) (45 ) 21 — (41 ) Income (loss) from continuing operations before income taxes (19 ) (57 ) 1,483 — 1,407 Income tax expense (benefit) (2 ) — 404 — 402 Equity earnings from subsidiaries 998 535 — (1,533 ) — Income (loss) from continuing operations 981 478 1,079 (1,533 ) 1,005 Income from discontinued operations, net of tax — — 11 — 11 Net income $ 981 $ 478 $ 1,090 $ (1,533 ) $ 1,016 Net income attributable to non-controlling interest — — (35 ) — (35 ) Net income attributable to ICE $ 981 $ 478 $ 1,055 $ (1,533 ) $ 981 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Comprehensive Income Year Ended December 31, 2014 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Net income $ 981 $ 478 $ 1,090 $ (1,533 ) $ 1,016 Other comprehensive income (loss): Foreign currency translation adjustments — 1 (131 ) — (130 ) Change in fair value of net investment hedge — — 21 — 21 Change in fair value of available-for-sale securities — — 55 — 55 Employee benefit plan adjustments — — (117 ) — (117 ) Total other comprehensive income (loss) — 1 (172 ) — (171 ) Comprehensive income of subsidiaries 1,362 185 — (1,547 ) — Comprehensive income 2,343 664 918 (3,080 ) 845 Comprehensive income attributable to non-controlling interests — — (35 ) — (35 ) Comprehensive income attributable to ICE $ 2,343 $ 664 $ 883 $ (3,080 ) $ 810 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Income Year Ended December 31, 2013 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Revenues: Transaction and clearing fees, net $ — $ — $ 1,393 $ — $ 1,393 Data services fees — — 246 — 246 Listing fees and other revenues — — 91 — 91 Total revenues — — 1,730 — 1,730 Transaction-based expenses — — 132 — 132 Total revenues, less transaction-based expenses — — 1,598 — 1,598 Operating expenses: Compensation and benefits — — 302 — 302 Technology and communication — — 63 — 63 Acquisition-related transaction and integration costs — — 143 — 143 Selling, general, administrative and other — — 144 — 144 Depreciation and amortization — — 156 — 156 Total operating expenses — — 808 — 808 Operating income — — 790 — 790 Total other expense, net (11 ) (3 ) (272 ) — (286 ) Income (loss) from continuing operations before income taxes (11 ) (3 ) 518 — 504 Income tax expense (benefit) (4 ) — 188 — 184 Equity earnings from subsidiaries 261 (17 ) — (244 ) — Income (loss) from continuing operations 254 (20 ) 330 (244 ) 320 Loss from discontinued operations, net of tax — — (50 ) — (50 ) Net income (loss) $ 254 $ (20 ) $ 280 $ (244 ) $ 270 Net income attributable to non-controlling interest — — (16 ) — (16 ) Net income (loss) attributable to ICE $ 254 $ (20 ) $ 264 $ (244 ) $ 254 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Comprehensive Income Year Ended December 31, 2013 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Net income (loss) $ 254 $ (20 ) $ 280 $ (244 ) $ 270 Other comprehensive income (loss): Foreign currency translation adjustments — — 70 — 70 Change in fair value of net investment hedge — (19 ) — — (19 ) Change in fair value of available-for-sale securities — — (67 ) — (67 ) Reclassifications of losses realized on available-for-sale securities to other expense — — 190 — 190 Employee benefit plan adjustments — — 3 — 3 Total other comprehensive income (loss) — (19 ) 196 — 177 Comprehensive income of subsidiaries 411 310 — (721 ) — Comprehensive income 665 271 476 (965 ) 447 Comprehensive income attributable to non-controlling interests — — (16 ) — (16 ) Comprehensive income attributable to ICE $ 665 $ 271 $ 460 $ (965 ) $ 431 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Cash Flows Year Ended December 31, 2015 (in millions) ICE (Parent) Subsidiary Subsidiary Non-Guarantors Consolidating Adjustments Consolidated Total Net cash provided by operating activities from continuing operations $ (162 ) $ 77 $ 1,518 $ (122 ) $ 1,311 Investing activities: Increase in restricted cash 5 — (299 ) — (294 ) Cash paid for acquisitions, net of cash acquired (3,751 ) — — — (3,751 ) Loans to subsidiaries (383 ) (730 ) (1,371 ) 2,484 — Additional capital contribution to equity method investee — — (60 ) — (60 ) Proceeds from term deposits, net — 1,084 — — 1,084 Capital expenditures and capitalized software development costs — — (277 ) — (277 ) Net cash used in investing activities from continuing operations (4,129 ) 354 (2,007 ) 2,484 (3,298 ) Financing activities: Proceeds from debt facilities and commercial paper, net 4,158 — — — 4,158 Repayments of debt facilities — (1,028 ) — — (1,028 ) Intercompany borrowing 1,127 592 765 (2,484 ) — Dividends to shareholders (331 ) — — — (331 ) Intercompany dividends — — (122 ) 122 — Purchase of subsidiary shares from non-controlling interest — — (128 ) — (128 ) Repurchases of common stock (660 ) — — — (660 ) Other financing activities (8 ) — (27 ) — (35 ) Net cash provided by financing activities from continuing operations 4,286 (436 ) 488 (2,362 ) 1,976 Effect of exchange rates on cash and cash equivalents — — (14 ) — (14 ) Net decrease in cash and cash equivalents (5 ) (5 ) (15 ) — (25 ) Cash and cash equivalents, beginning of year 6 5 641 — 652 Cash and cash equivalents, end of year $ 1 $ — $ 626 $ — $ 627 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Cash Flows Year Ended December 31, 2014 (in millions) ICE (Parent) Subsidiary Subsidiary Non-Guarantors Consolidating Adjustments Consolidated Total Net cash provided by operating activities from continuing operations $ (350 ) $ 4,651 $ (2,399 ) $ (439 ) $ 1,463 Investing activities: Increase in restricted cash — — (161 ) — (161 ) Cash paid for acquisitions, net of cash acquired — — (577 ) — (577 ) Loans to subsidiaries — (3,103 ) (950 ) 4,053 — Proceeds from IPO and sale of Euronext and sale of NYSE Technologies — — 2,274 — 2,274 Purchases of term deposits, net — (1,304 ) 54 — (1,250 ) Capital expenditures and capitalized software development costs — — (250 ) — (250 ) Net cash used in investing activities from continuing operations — (4,407 ) 390 4,053 36 Financing activities: Repayments of debt facilities and commercial paper, net (174 ) — (378 ) — (552 ) Intercompany borrowing 1,502 (239 ) 2,790 (4,053 ) — Dividends to shareholders (299 ) — — — (299 ) Intercompany dividends — — (439 ) 439 — Purchase of subsidiary shares from non-controlling interest — — (129 ) — (129 ) Repurchases of common stock (645 ) — — — (645 ) Other financing activities (30 ) — (18 ) — (48 ) Net cash used in financing activities from continuing operations 354 (239 ) 1,826 (3,614 ) (1,673 ) Cash and cash equivalents from discontinued operations — — (114 ) — (114 ) Effect of exchange rates on cash and cash equivalents — — (21 ) — (21 ) Net increase (decrease) in cash and cash equivalents 4 5 (318 ) — (309 ) Cash and cash equivalents, beginning of year 2 — 959 — 961 Cash and cash equivalents, end of year $ 6 $ 5 $ 641 $ — $ 652 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Cash Flows Year Ended December 31, 2013 (in millions) ICE (Parent) Subsidiary Subsidiary Non-Guarantors Consolidating Adjustments Consolidated Total Net cash provided by operating activities from continuing operations $ 65 $ 111 $ 820 $ (282 ) $ 714 Investing activities: Increase in restricted cash — — (75 ) — (75 ) Cash paid for acquisitions, net of cash acquired (2,742 ) — 501 — (2,241 ) Loans to subsidiaries — — (597 ) 597 — Purchases of available for sale investments, net — — (26 ) — (26 ) Capital expenditures and capitalized software development costs — — (179 ) — (179 ) Net cash used in investing activities from continuing operations (2,742 ) — (376 ) 597 (2,521 ) Financing activities: Proceeds from debt facilities and commercial paper, net 2,473 — 1,360 — 3,833 Repayments of debt facilities (13 ) (350 ) (2,101 ) — (2,464 ) Intercompany borrowing 358 239 — (597 ) — Dividends to shareholders (75 ) — — — (75 ) Intercompany dividends — — (282 ) 282 — Purchase of subsidiary shares from non-recurring interest — — (40 ) — (40 ) Other financing activities (64 ) — (71 ) — (135 ) Net cash provided by financing activities from continuing operations 2,679 (111 ) (1,134 ) (315 ) 1,119 Cash and cash equivalents from discontinued operations — — 19 — 19 Effect of exchange rates on cash and cash equivalents — — 18 — 18 Net increase (decrease) in cash and cash equivalents 2 — (653 ) — (651 ) Cash and cash equivalents, beginning of year — — 1,612 — 1,612 Cash and cash equivalents, end of year $ 2 $ — $ 959 $ — $ 961

Geographical Information

Geographical Information	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Geographical Information	The following represents our revenues, less transaction-based expenses, net assets and net property and equipment based on the geographic location (in millions): United States Foreign Countries Total Revenues, less transaction-based expenses: Year ended December 31, 2015 $ 1,971 $ 1,367 $ 3,338 Year ended December 31, 2014 $ 1,859 $ 1,233 $ 3,092 Year ended December 31, 2013 $ 842 $ 756 $ 1,598 Net assets: As of December 31, 2015 $ 7,915 $ 6,960 $ 14,875 As of December 31, 2014 $ 5,437 $ 7,120 $ 12,557 Property and equipment, net: As of December 31, 2015 $ 888 $ 149 $ 1,037 As of December 31, 2014 $ 734 $ 140 $ 874 The foreign countries category above primarily relates to the U.K. and to a lesser extent, continental Europe, Israel, Canada and Singapore. No customers accounted for more than 10% of our consolidated revenues, less transaction-based expenses, for the years ended December 31, 2015 , 2014 and 2013 .

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the years ended December 31, 2015 , 2014 and 2013 (in millions, except per share amounts): Year Ended December 31, 2015 2014 2013 Income from continuing operations $ 1,295 $ 1,005 $ 320 Net income from continuing operations attributable to non-controlling interest (21 ) (35 ) (16 ) Net income from continuing operations attributable to ICE 1,274 970 304 Net income (loss) from discontinued operations attributable to ICE — 11 (50 ) Net income attributable to ICE $ 1,274 $ 981 $ 254 Basic earnings (loss) per share attributable to ICE common shareholders: Continuing operations $ 11.45 $ 8.50 $ 3.88 Discontinued operations — 0.10 (0.64 ) Basic earnings per share $ 11.45 $ 8.60 $ 3.24 Basic weighted average common shares outstanding 111 114 78 Diluted earnings (loss) per share attributable to ICE common shareholders: Continuing operations $ 11.39 $ 8.46 $ 3.84 Discontinued operations — 0.09 (0.63 ) Diluted earnings per share $ 11.39 $ 8.55 $ 3.21 Diluted weighted average common shares outstanding 112 115 79 Basic weighted average common shares outstanding 111 114 78 Effect of dilutive securities - stock options and restricted stock 1 1 1 Diluted weighted average common shares outstanding 112 115 79 Basic earnings per common share is calculated using the weighted average common shares outstanding during the period. The weighted average common shares outstanding increased for the year ended December 31, 2014, over the prior year period, primarily due to stock issued for the NYSE acquisition, partially offset by stock repurchases, and then decreased for the year ended December 31, 2015 due to stock repurchases, partially offset by stock issued for the Interactive Data and Trayport acquisitions. We issued 42.4 million shares of our common stock to NYSE stockholders, 6.5 million shares of our common stock to Interactive Data stockholders and 2.5 million shares of our common stock to Trayport stockholders, weighted to show these additional shares outstanding for periods after the respective acquisition dates (Note 3). Common equivalent shares from stock options and restricted stock awards, using the treasury stock method, are also included in the diluted per share calculations unless the effect of their inclusion would be antidilutive. During the years ended December 31, 2015 and 2014 , 167,000 and 155,000 outstanding stock options, respectively, were not included in the computation of diluted earnings per common share, because to do so would have had an antidilutive effect. There were no outstanding stock options for the year ended December 31, 2013 with an antidilutive effect. As of December 31, 2015 and 2014 , there were 45,000 and 88,000 restricted stock units, respectively, that were vested but have not been issued that are included in the computation of basic and diluted earnings per share. Certain figures in the table above may not recalculate due to rounding.

Quarterly Financial Data

Quarterly Financial Data	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data	Quarterly Financial Data (Unaudited) The following table has been prepared from our financial records and reflects all adjustments that are necessary for a fair presentation of the results of operations for the interim periods presented (in millions, except per share amounts): 1 st Qtr 2 nd Qtr 3 rd Qtr 4 th Qtr Year Ended December 31, 2015 (a) Revenues, less transaction-based expenses $ 850 $ 797 $ 816 $ 875 Operating income 462 430 440 418 Net income attributable to Intercontinental Exchange, Inc. 315 283 306 370 Earnings per common share (c) : Basic - Continuing operations $ 2.81 $ 2.55 $ 2.77 $ 3.31 Diluted - Continuing operations $ 2.80 $ 2.54 $ 2.76 $ 3.29 Year Ended December 31, 2014 Revenues, less transaction-based expenses $ 797 $ 750 $ 745 $ 800 Operating income 391 327 330 400 Income from continuing operations less income attributable to non-controlling interest 248 218 216 288 Income (loss) from discontinued operations (b) 13 8 (10 ) — Net income attributable to Intercontinental Exchange, Inc. 261 226 206 288 Earnings (loss) per common share (c) : Basic - Continuing operations $ 2.16 $ 1.89 $ 1.90 $ 2.56 Basic - Discontinued operations (b) 0.12 0.07 (0.09 ) — Basic $ 2.28 $ 1.96 $ 1.81 $ 2.56 Diluted - Continuing operations $ 2.15 $ 1.88 $ 1.89 $ 2.54 Diluted - Discontinued operations (b) 0.12 0.07 (0.09 ) — Diluted $ 2.27 $ 1.95 $ 1.80 $ 2.54 (a) We acquired Interactive Data on December 14, 2015 and Trayport on December 11, 2015 and have included their results with our consolidated results above effective from the acquisition date (Note 3). (b) The results of Euronext and NYSE Technologies have been presented above as discontinued operations through the date of their dispositions during the year ended December 31, 2014 (Note 16). (c) The annual earnings per common share may not equal the sum of the individual quarter’s earnings per common share due to rounding, and, during the year ended December 31, 2015 , due to the 6.5 million and 2.5 million shares of our common stock issued to Interactive Data and Trayport stockholders, respectively, in connection with our acquisitions, weighted to show these additional shares outstanding for the period from the acquisition dates to December 31, 2015 .

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events We have evaluated subsequent events and determined that no events or transactions met the definition of a subsequent event for purposes of recognition or disclosure in the accompanying consolidated financial statements.

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles, or U.S. GAAP. The consolidated financial statements include our wholly-owned and controlled subsidiaries. All intercompany balances and transactions between our wholly-owned and controlled subsidiaries have been eliminated in consolidation. As discussed in Note 3, we completed several acquisitions during the years ended December 31, 2015 , 2014 and 2013 and have included the financial results of these companies in the consolidated financial statements effective from the respective acquisition dates, including Interactive Data on December 14, 2015 and NYSE Holdings LLC, or NYSE, on November 13, 2013. As discussed in Note 16, we completed the initial public offering, or IPO, of our wholly-owned subsidiary Euronext N.V., or Euronext, in June 2014 and completed the sales of Wombat in July 2014 and NYFIX and Metabit in September 2014, and have included the financial results of these companies in discontinued operations in the consolidated financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from those estimates.
Comprehensive Income	Comprehensive Income Other comprehensive income includes changes in unrealized gains and losses on financial instruments classified as available-for-sale, changes in fair value of net investment hedges, foreign currency translation adjustments and amortization of the difference in the projected benefit obligation and the accumulated benefit obligation associated with benefit plan liabilities, net of tax.
Noncontrolling Interest	Non-controlling Interest For those consolidated subsidiaries in which our ownership is less than 100% and for which we have control over the assets and liabilities and the management of the entity, the outside stockholders’ interests are shown as non-controlling interests. For instances where outside stockholders’ hold an option to require us to repurchase the outside stockholders’ interest, these interests are shown as redeemable non-controlling interests.
Segment And Geographic Information	Segment and Geographic Information We currently operate as a single reportable business segment as this is reflective of how our chief operating decision maker reviews and operates the business. Substantially all of our identifiable assets are located in the U.S., U.K., Continental Europe, Asia, Israel and Canada.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all short-term, highly liquid investments with original maturities at the purchase date of three months or less to be cash equivalents.
Short-Term and Long-Term Restricted Cash and Investments	Short-Term and Long-Term Restricted Cash and Investments We classify all cash and cash equivalents and investments that are not available for immediate or general business use by us as restricted in the accompanying consolidated balance sheets (Note 4). The restricted cash would include cash set aside due to regulatory requirements, earmarked for specific purposes, or through restrictions in specific agreements
Short-Term and Long-Term Investments	Short-Term and Long-Term Investments We periodically invest a portion of our cash in excess of short-term operating needs in term deposits and investment-grade marketable debt securities, including government or government sponsored agencies and corporate debt securities (Note 5). These investments are classified as available-for-sale in accordance with U.S. GAAP. We do not have any investments classified as held-to-maturity or trading. Additionally, we classify equity and fixed income mutual funds, held for the purpose of providing future payments for the supplemental executive savings plan and a component of the supplemental executive retirement plan, as available-for-sale securities. Available-for-sale investments are carried at their fair value using primarily quoted prices in active markets for identical securities, with unrealized gains and losses, net of deferred income taxes, reported as a component of accumulated other comprehensive income. Realized gains and losses, and declines in value deemed to be other-than-temporary on available-for-sale investments, are recognized currently in earnings. The cost of securities sold is based on the specific identification method. Investments that we intend to hold for more than one year are classified as long-term investments in the accompanying consolidated balance sheets.
Cost and Equity Method Investments	Cost and Equity Method Investments We use the cost method to account for a non-marketable equity investment in an entity that we do not control and for which we do not have the ability to exercise significant influence over an entity’s operating and financial policies. When we do not have a controlling financial interest in an entity but exercise significant influence over the entity's operating and financial policies, such investment is accounted for using the equity method. We recognize dividend income when declared. We recognized $16 million , $23 million , and $8 million in dividend income for the years ended December 31, 2015, 2014 and 2013, respectively, related to our investment in Cetip (Note 15).
Margin Deposits and Guaranty Funds	Margin Deposits and Guaranty Funds Original margin, variation margin and guaranty funds held by our clearing houses for clearing members may be in the form of cash, government obligations, certain agency and corporate debt, letters of credit or gold (Note 12). Cash original margin, variation margin and guaranty fund deposits are reflected in the accompanying consolidated balance sheets as current assets and current liabilities. The amount of margin deposits on hand will fluctuate over time as a result of, among other things, the extent of open positions held at any point in time by market participants in contracts and the margin rates then in effect for such contracts. Non-cash original margin and guaranty fund deposits are not reflected in the accompanying consolidated balance sheets. These non-cash assets are held in safekeeping and our clearing houses do not take legal ownership of the assets as the risks and rewards remain with the clearing members, unless and until such time as a clearing member defaults on its obligations to the clearing house.
Property and Equipment	Property and Equipment Property and equipment is recorded at cost, reduced by accumulated depreciation (Note 6). Depreciation and amortization expense related to property and equipment is computed using the straight-line method based on estimated useful lives of the assets, or in the case of leasehold improvements, the shorter of the initial lease term or the estimated useful life of the improvement. We review the remaining estimated useful lives of our property and equipment at each balance sheet date and will make adjustments to the estimated remaining useful lives whenever events or changes in circumstances indicate that the remaining useful lives have changed. Gains on disposals of property and equipment are included in other income and losses on disposals of property and equipment are included in depreciation expense. Maintenance and repair costs are expensed as incurred.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The allowance for doubtful accounts is maintained at a level that we believe to be sufficient to absorb probable losses in our accounts receivable portfolio. The allowance is based on several factors, including a continuous assessment of the collectability of each account. In circumstances where a specific customer's inability to meet its financial obligations is known, we record a specific provision for bad debts against amounts due to reduce the receivable to the amount we reasonably believe will be collected. Accounts receivable are written off against the allowance for doubtful accounts when collection efforts cease. A reconciliation of the beginning and ending amount of allowance for doubtful accounts is as follows for the years ended December 31, 2015 , 2014 and 2013 (in millions): Year Ended December 31, 2015 2014 2013 Beginning balance of allowance for doubtful accounts $ 1 $ 1 $ 1 Bad debt expense 2 1 1 Charge-offs (1 ) (1 ) (1 ) Ending balance of allowance for doubtful accounts $ 2 $ 1 $ 1 Bad debt expense in the table above is based on our historical collection experiences and our assessment of the collectability of specific accounts. Charge-offs in the table above represent the write-off of uncollectible receivables, net of recoveries. These lines also include the impact of foreign currency translation adjustments.
Software Development Costs	Software Development Costs We capitalize costs, both internal and external direct and incremental costs, related to software developed or obtained for internal use in accordance with U.S. GAAP . Software development costs incurred during the preliminary or maintenance project stages are expensed as incurred, while costs incurred during the application development stage are capitalized and are amortized using the straight-line method over the useful life of the software, not to exceed three years (except for Interactive Data's new platform, which has an eight year useful life). Amortization of these capitalized costs begins only when the software becomes ready for its intended use. General and administrative costs related to developing or obtaining such software are expensed as incurred.
Accrued Employee Benefits	Accrued Employee Benefits In connection with our acquisition of NYSE on November 13, 2013, we assumed the NYSE defined benefit pension and other postretirement benefit plans, or collectively “benefit plans”. We recognize the funded status of the benefit plans in the consolidated balance sheets, measure the fair value of plan assets and benefit obligations as of the date of our fiscal year-end, and provide additional disclosures in the footnotes to the consolidated financial statements (Note 14). Benefit plan costs and liabilities are dependent on assumptions used in calculating such amounts. These assumptions include discount rates, health care cost trend rates, benefits earned, interest cost, expected return on assets, mortality rates and other factors. Actual results that differ from the assumptions are accumulated and amortized over future periods and, therefore, generally affect recognized expense and the recorded obligation in future periods. We immediately recognize in the consolidated statements of income certain of these unrecognized amounts when triggering events occur, such as when a settlement of pension obligations in excess of total interest and service costs occurs. While we believe that the assumptions used are appropriate, differences in actual experience or changes in assumptions may affect our pension and other post-retirement obligations and future expense recognized.
Goodwill and Indefinite-Lived Intangible Assets	Goodwill and Indefinite-Lived Intangible Assets Goodwill represents the excess of the purchase price of our acquisitions over the fair value of identifiable net assets acquired, including other identified intangible assets (Note 7). We recognize specifically identifiable intangibles when a specific right or contract is acquired. Goodwill has been allocated to reporting units for purposes of impairment testing based on the portion of synergy, cost savings and other expected future cash flows expected to benefit the reporting units at the time of the acquisition. We test our goodwill for impairment at the reporting unit level. The reporting units identified for our goodwill testing are the futures, cash listings and credit default swaps reporting units. Goodwill impairment testing is performed annually in the fiscal fourth quarter or more frequently if conditions exist that indicate that the asset may be impaired. We also evaluate indefinite-lived intangible assets for impairment annually in our fiscal fourth quarter or more frequently if conditions exist that indicate that the asset may be impaired. Such evaluation includes either applying the optional qualitative screen to determine if it is not more likely than not that the fair value of the asset continues to exceed its carrying value or determining the fair value of the asset and comparing the fair value of the asset to its carrying value. If the fair value of the indefinite-lived intangible asset is less than its carrying value, an impairment loss is recognized in an amount equal to the difference. For both goodwill and indefinite lived impairment testing, we have the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit or indefinite lived intangible asset is less than its carrying amount. If we conclude that this is the case, we must perform additional testing of the asset or reporting unit. Otherwise, no further testing is necessary. We did not record an impairment charge related to goodwill or indefinite-lived intangible assets during the years ended December 31, 2015 , 2014 or 2013 .
Impairment of Long-Lived Assets and Finite-Lived Intangible Assets	Impairment of Long-Lived Assets and Finite-Lived Intangible Assets We review our property and equipment and finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. To analyze recoverability, we project undiscounted net future cash flows over the remaining life of such assets. If these projected cash flows are less than the carrying amount, an impairment indicator would exist. The impairment loss is measured based upon the difference between the carrying amount and the fair value of the assets. Finite-lived intangible assets are generally amortized on a straight-line basis or using an accelerated method over the lesser of their contractual or estimated useful lives. We did not record an impairment charge related to long-lived assets and finite-lived intangible assets during the years ended December 31, 2015 , 2014 or 2013 .
Derivatives and Hedging Activity	Derivatives and Hedging Activity We may use derivative instruments to limit exposure to changes in foreign currency exchange rates. All derivatives are required to be recorded at fair value in the accompanying consolidated balance sheets. Changes in the fair value of such derivative financial instruments are recognized in net income as they are not designated as hedges under U.S. GAAP. From time to time, we may hedge the foreign currency translation of certain net investments by designating all or a portion of certain financial liabilities denominated in the same currency in accordance with U.S. GAAP. In such cases, the gain or loss on the currency translation of the designated financial instruments is recorded in other comprehensive income. Gains and losses on financial liabilities designated as hedging items under net investment hedging relationships are recognized in other comprehensive income, and we recorded a loss of $19 million for the year ended December 31, 2013 related to these items. The total unrealized loss of $21 million (inclusive of $2 million in unrealized losses recorded during the year ended December 31, 2014) was recognized in earnings as a component of income from discontinued operations during the year ended December 31, 2014 upon discontinuance of the net investment hedge in connection with the IPO of Euronext.
Intellectual Property	Intellectual Property All costs related to internally developed patents and trademarks are expensed as incurred. All costs related to purchased patents, trademarks and internet domain names are recorded as other intangible assets and are amortized on a straight-line basis over their estimated useful lives. All costs related to licensed patents are capitalized and amortized on a straight-line basis over the term of the license.
Income Taxes	Income Taxes We recognize income taxes under the liability method. We recognize a current tax liability or tax asset for the estimated taxes payable or refundable on tax returns for the current year. We recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities. We establish valuation allowances if we believe that it is more likely than not that some or all of our deferred tax assets will not be realized. Deferred tax assets and liabilities are measured using current enacted tax rates in effect. We do not recognize a tax benefit unless we conclude that it is more likely than not that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. If the recognition threshold is met, we recognize a tax benefit measured at the largest amount of the tax benefit that, in our judgment, is greater than 50 percent likely to be realized. We recognize accrued interest and penalties related to uncertain tax positions as a component of income tax expense. We are subject to tax in numerous domestic and foreign jurisdictions primarily based on our operations in these jurisdictions. Significant judgment is required in assessing the future tax consequences of events that have been recognized in our financial statements or tax returns. Fluctuations in the actual outcome of these future tax consequences could have a material impact on our financial position or results of operations.
Revenue Recognition	Revenue Recognition We recognize revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sale price is fixed or determinable and collectability is reasonably assured. Our revenues primarily consist of transaction and clearing fee revenues for transactions executed and/or cleared through our global electronic derivatives trading and clearing platforms, revenues relating to cash equities trading and listing fees, and data services fees. We also evaluate all contracts in order to determine appropriate gross versus net revenue reporting. Derivatives trading and clearing revenues are recognized over the period in which the services are provided, which is typically the date the transactions are executed or are cleared, except for a portion of clearing revenues related to cleared contracts which have an ongoing clearing obligation that extends beyond the execution date. The transaction and clearing fee revenues are determined on the basis of the transaction and clearing fee charged for each contract traded on the exchanges. Derivatives transaction and clearing fees are recorded net of rebates of $563 million , $466 million and $497 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. We offer rebates in certain of our markets primarily to support market liquidity and trading volumes by providing qualified trading participants in those markets a discount to the applicable commission rate. These rebates reduce revenue that we would have generated had we charged full transaction fees and had we generated the same volume without the rebate program. The increase in rebates is due primarily to rebates relating to NYSE derivatives trading and clearing following our acquisition, an increase in the number of participants in the rebate programs offered on various contracts, an increase in the number of rebate programs offered and from higher contract volume traded under these programs during the periods. Cash trading fee revenues are paid by organizations based on their trading activity. Fees are assessed on a per share basis for trading in equity securities. The fees are applicable to all transactions that take place on any of our equity trading venues, and the fees vary based on the size and type of trade that is consummated and trading venue. The equity trading venues earn transaction fees for customer orders of equity securities matched internally, as well as for customer orders routed to other exchanges. Cash trading fees are recognized as earned, which is generally upon execution of the trade. Cash trading fees are recorded gross of liquidity rebates and routing charges. Liquidity payments made to cash and options trading customers and routing charges made to other exchanges are included in transaction-based expenses in the consolidated statements of income. Listing fee revenues consist of original listing fees paid by issuers to list the initial securities on the various cash markets, other listing fees related to other corporate actions (including stock splits, sales of additional securities and merger and acquisitions), annual listing fees paid by companies whose financial instruments are listed on the cash markets, and other services provided to our listed companies and other companies. Original listing fees are assessed primarily based on the number of shares that the issuer initially lists. Original listing fees are recognized as revenue on a straight-line basis over the estimated service periods ranging from 5 to 9 years. Other corporate action listing fees are recognized as revenue on a straight-line basis over the estimated service periods ranging from 3 to 6 years. The service periods are determined separately for each of our listing venues. Annual listing fees are billed at the beginning of the year and are recognized on a pro rata basis over the calendar year. We determined that at the time of the acquisition of NYSE, we did not have a legal performance obligation relating to the original and other listing fees. Therefore, in connection with purchase accounting rules under U.S. GAAP, we assigned a fair value of zero to the NYSE unamortized deferred revenue balances relating to the original and other listing fees as of the acquisition date of November 13, 2013. The listing fees unamortized deferred revenue balances as of December 31, 2015 relate to original and other corporate action listing fees received but not yet recognized as revenue subsequent to the November 13, 2013 acquisition through December 31, 2015 (Note 8). Data services fee revenues in our derivatives markets primarily include terminal and license fees received from data vendors in exchange for the provision of real-time futures price information and market data access fees. Market data fees are charged to data vendors on a monthly basis based on the number and type of terminals they have carrying futures data. Each data vendor also pays an annual license fee, which is deferred and recognized as revenue ratably over the period of the annual license. Data services fee revenues also include market data access fees charged to customers that trade on the electronic platform. The market data access amount for each company is based on the number of users at each company trading on the electronic platform. The excess of the market data access fee total for each company over the actual amount of commissions paid for trading activity is recognized as market data access revenues. The actual amount of commissions paid that month for trading activity is recognized as transaction and clearing fee revenues. We collect market data revenues from our cash equity and options consortium-based data products and, to a lesser extent, for New York Stock Exchange proprietary data products. Consortium-based data fees are determined by securities industry plans. Consortium-based data revenues that coordinated market data distribution generates (net of administration costs) are distributed to participating markets on the basis of the Regulation NMS formula. We collect annual license fees from vendors for the right to distribute market data to third parties and a service fee from vendors for direct connection to market data. These fees are recognized as revenue as services are rendered. We also charge customers for accessing our data services through Secured Financial Transaction Infrastructure, or SFTI, and colocation services. SFTI is a physical network infrastructure that connects our markets and other major market centers with market participants and allows those participants to receive data feeds. Data analytics includes a number of products such as forward curves, index and valuation services. Revenue for subscription based contracts is recognized ratably over the life of the contract and revenue for usage based contracts is recognized in the month that the products/services are provided. Certain of our businesses collect fees for installation/set-up services which, if deemed a separate deliverable with standalone value, are recognized upon delivery as long as the remaining criteria for recognition of revenue have been achieved. Revenue for installation/set-up services, that do not meet the criteria for separation, is recognized ratably either over the contractual term or the expected client relationship life. Revenue for professional services is recognized as the services are provided. Revenue for hardware is recognized when installation is completed and the related services go-live. Some contracts include multiple elements for which we determine whether the various elements meet the applicable criteria to be accounted for as separate elements and makes estimates regarding the relative fair values. Revenue for elements that cannot be separated is recognized once the revenue recognition criteria for the entire arrangement have been met or over the period that our obligation to perform is fulfilled. Consideration for elements that are deemed separable is allocated to the separate elements at the inception of the arrangement on the basis of their relative selling price and recognized based on meeting authoritative criteria to do so. Other revenues primarily consist of various fees for services provided to our customers, including fees for facilities, regulatory fees charged to member organizations of our U.S. securities exchanges, designated market maker service fees, ICE Endex membership fees, agricultural grading and certification fees, regulatory penalties and fines, and interest income on certain clearing margin deposits. These fees are recognized as revenue as services are rendered.
Activity Assessment and Section 31 Fees	Activity Assessment Fees and Section 31 Fees We pay the Securities and Exchange Commission, or SEC, fees pursuant to Section 31 of the Securities Exchange Act of 1934 for transactions executed on our U.S. equities and options exchanges. These Section 31 fees are designed to recover the costs to the government for supervising and regulating the securities markets and securities professionals. We (or the Options Clearing Corporation on our behalf), in turn, collect activity assessment fees, which are included in transaction and clearing fees in the accompanying consolidated statements of income, from member organizations clearing or settling trades on the U.S. equities and options exchanges and recognize these amounts as revenue when invoiced. Fees received are included in cash at the time of receipt and, as required by law, the amount due to the SEC is remitted semiannually and recorded as an accrued liability until paid. The activity assessment fees are designed so that they are equal to the Section 31 fees paid by us to the SEC. As a result, Section 31 fees do not have an impact on our net income.
Stock-Based Compensation	Stock-Based Compensation We currently sponsor employee and director stock option and restricted stock plans (Note 10). U.S. GAAP requires the measurement and recognition of compensation expenses for all share-based payment awards made to employees and directors, including employee stock options and restricted stock, based on estimated fair values. U.S. GAAP requires companies to estimate the fair value of stock option awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as stock-based compensation expense over the requisite service period in our consolidated financial statements. We use the Black-Scholes option pricing model for purposes of valuing stock option awards. Our determination of fair value of stock option awards on the date of grant using the Black-Scholes option pricing model is affected by our stock price as well as assumptions regarding a number of subjective variables. These variables include interest rates, our expected dividend yield, our expected share price volatility over the term of the awards and actual and projected employee stock option exercise behavior.
Treasury Stock	Treasury Stock We record treasury stock activities under the cost method whereby the cost of the acquired stock is recorded as treasury stock (Note 10). Our accounting policy upon the formal retirement of treasury stock is to deduct the par value from common stock and to reflect any excess of cost over par value as a deduction from additional paid-in capital (to the extent created by previous issuances of the shares) and retained earnings.
Credit Risk and Significant Customers	Credit Risk and Significant Customers Our clearing houses have credit risk for maintaining certain of the clearing member cash deposits at various financial institutions (Note 12). Cash deposit accounts are established at larger money center banks and structured to restrict the rights of offset or liens by the banks. Our clearing houses monitor the cash deposits and mitigate credit risk by keeping such deposits in several financial institutions, ensuring that its overall credit risk exposure to any individual financial institution remains within acceptable concentration limits, and by ensuring that the financial institutions have strong or high investment grade ratings. We also limit our risk of loss by holding the majority of the cash deposits in high quality short-term sovereign debt reverse repurchase agreements with several different counterparty banks or direct investments in short-term high quality sovereign and supranational debt issues. While we seek to achieve a reasonable rate of return which may generate interest income for our clearing members, we are primarily concerned with preservation of capital and managing the risks associated with these deposits. As the clearing houses may pass on interest revenues, minus costs, to the members, this could include negative or reduced yield due to market conditions. When engaging in reverse repurchase agreements, our clearing houses take delivery of the underlying securities in custody accounts under clearing house control. Additionally, the securities purchased subject to reverse repurchase have a market value greater than the reverse repurchase amount. The typical haircut received for high quality sovereign debt is 2% of the reverse repurchase amount. Thus, in the event that a reverse repurchase counterparty defaults on its obligation to repurchase the underlying reverse repurchase securities, our clearing house will have possession of securities with a value potentially greater than the reverse repurchase counterparty’s obligation to the clearing house. ICE Clear Credit has been designated as a systemically important financial market utility by the Financial Stability Oversight Council and has been authorized to establish and maintain a cash account at the Federal Reserve Bank of Chicago. Such account was opened on July 30, 2015 and it is intended to decrease ICE Clear Credit's custodial, liquidity and operational risk as compared to alternative custodial and investment arrangements. Our futures businesses have minimal credit risk as all of their transaction revenues are currently cleared through our clearing houses. Our accounts receivable related to market data revenues, cash trading and listing revenues, technology revenues, CDS transaction revenues and bilateral over-the-counter energy transaction revenues subjects us to credit risk, as we do not require these customers to post collateral. We limit our risk of loss by terminating access to trade to entities with delinquent accounts. The concentration of risk on accounts receivable is also mitigated by the large number of entities comprising our customer base. Our accounts receivable are stated at cost. Excluding clearing members, there were no individual accounts receivable balances greater than 10% of total consolidated accounts receivable as of December 31, 2015 or December 31, 2014 . No single customer accounted for more than 10% of total consolidated revenues during any of the years ended December 31, 2015 , 2014 or 2013 .
Leases	Leases We expense rent from non-cancellable operating leases, net of sublease income, on a straight-line basis based on future minimum lease payments. The net costs are included in rent and occupancy expenses and technology and communication expenses in the accompanying consolidated statements of income (Note 13).
Acquisition-Related Transaction and Integration Costs	Acquisition-Related Transaction and Integration Costs We incur incremental direct acquisition-related transaction costs relating to various completed and potential acquisitions and other strategic opportunities to strengthen our competitive position and support growth. The acquisition-related transaction costs include fees for investment banking advisors, lawyers, accountants, tax advisors and public relations firms, deal-related bonuses to certain of our employees, as well as costs associated with credit facilities and other external costs directly related to the proposed or closed transactions. We also incurred integration costs during the years ended December 31, 2015, 2014 and 2013 relating to our NYSE acquisition, primarily related to employee termination costs, costs incurred relating to the IPO and sale of Euronext in Europe and the sale of NYSE Technologies, deal related bonuses, lease termination costs and professional services costs incurred relating to the NYSE integration. The acquisition-related transaction and integration costs incurred during the year ended December 31, 2015 primarily relate to the integration costs incurred for our NYSE integration and the acquisition-related transaction costs related to our Interactive Data and Trayport acquisitions. The acquisition-related transaction and integration costs incurred during the year ended December 31, 2014 primarily relate to the integration costs incurred for our NYSE integration and the acquisition-related transaction costs related to our SuperDerivatives, ICE Futures Singapore, ICE Clear Netherlands and True Office acquisitions. The acquisition-related transaction and integration costs incurred during the year ended December 31, 2013 primarily relate to the costs incurred for our NYSE acquisition and integration and our ICE Endex acquisition. See Note 3 for additional information on our acquisitions.
Foreign Currency Translation Adjustments and Foreign Currency Transaction Gains and Losses	Foreign Currency Translation Adjustments and Foreign Currency Transaction Gains and Losses Our functional and reporting currency is the U.S. dollar. We have foreign currency translation risk equal to our net investment in certain U.K., continental European, Asian and Canadian subsidiaries. The revenues, expenses and financial results of these subsidiaries are recorded in the functional currency of the countries that these subsidiaries are located in, which are primarily pounds sterling and euros. The financial statements of these subsidiaries are translated into U.S. dollars using a current rate of exchange, with gains or losses, net of tax, included in the cumulative translation adjustment account, a component of equity. As of December 31, 2015 and 2014 , the portion of our equity attributable to accumulated other comprehensive income (loss) from foreign currency translation adjustments was $(45) million and $13 million , respectively. We have foreign currency transaction gains and losses related to the settlement of foreign currency denominated assets, liabilities and payables that occur through our operations, which are received in or paid in pounds sterling or euros. The transaction gain and losses are due to the increase or decrease in the foreign currency exchange rates between periods. Forward contracts on foreign currencies are entered into to manage the foreign currency exchange rate risk. Gains and losses from foreign currency transactions are included in other income (expense) in the accompanying consolidated statements of income and resulted in net losses of $14 million , $2 million and $2 million for the years ended December 31, 2015 , 2014 and 2013 , respectively.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share is calculated using the weighted average common shares outstanding during the year. Common equivalent shares from stock options and restricted stock awards, using the treasury stock method, are included in the diluted per share calculations unless the effect of inclusion would be antidilutive (Note 19).
Fair Value of Financial Instruments	Fair Value of Financial Instruments We apply fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis (Note 15). Fair value is the price that would be received from selling an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Our financial instruments consist primarily of cash and cash equivalents, short-term and long-term restricted cash and investments, short-term and long-term investments, customer accounts receivable, margin deposits and guaranty funds, cost and equity method investments, short-term and long-term debt and other short-term assets and liabilities.
Recently Adopted and New Accounting Pronouncements	Recently Adopted and New Accounting Pronouncements In April 2015, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, or ASU 2015-03. This standard amends the existing guidance to require that debt issuance costs be presented in the balance sheet as a deduction from the carrying amount of the related debt liability instead of as a deferred asset. The amortization of the debt issuance costs will continue to be expensed as interest expense over the term of the related debt. ASU 2015-03 will be effective on a retrospective basis for annual reporting periods beginning after December 15, 2015, but early adoption is permitted. We decided to early adopt ASU 2015-03 on a retrospective basis for the annual period ended December 31, 2015 and the adoption did not have a material effect on our consolidated financial statements. See Note 9 for disclosure and related impact to the consolidated financial statements under this new guidance. In August 2015, the FASB issued Accounting Standards Update No. 2015-14, Revenue from Contracts with Customers, Deferral of the Effective Date , or ASU 2015-14. This standard defers the guidance in ASU 2014-09, Revenue From Contracts with Customers , by one year. ASU 2015-14 requires these new revenue recognition rules to become effective for annual reporting periods beginning after December 15, 2017, and interim periods within those annual periods. The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. We are currently in the process of evaluating the impact of adoption of this amendment but we currently do not expect the adoption to have a material effect on our consolidated financial statements. In November 2015, the FASB issued Accounting Standards Update, Balance Sheet Classification of Deferred Taxes, or ASU 2015-17. ASU 2015-17 is part of the FASB’s simplification initiative aimed at reducing complexity in accounting standards. This new standard requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as non-current on the balance sheet. ASU 2015-17 will be effective on a retrospective basis for annual reporting periods beginning after December 15, 2016, but early adoption is permitted. We decided to early adopt ASU 2015-17 on a retrospective basis for the annual period ended December 31, 2015 and the adoption did not have a material effect on our consolidated financial statements. See Note 11 for deferred taxes disclosure and related impact to the consolidated financial statements under this new guidance.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the current year’s financial statement presentation

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	A reconciliation of the beginning and ending amount of allowance for doubtful accounts is as follows for the years ended December 31, 2015 , 2014 and 2013 (in millions): Year Ended December 31, 2015 2014 2013 Beginning balance of allowance for doubtful accounts $ 1 $ 1 $ 1 Bad debt expense 2 1 1 Charge-offs (1 ) (1 ) (1 ) Ending balance of allowance for doubtful accounts $ 2 $ 1 $ 1

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Business Acquisition, Pro Forma Information [Table Text Block]	The pro forma financial information combines the historical results for us and Interactive Data, Trayport and NYSE for the years ended December 31, 2015, 2014 and 2013 in the following table (in millions, except per share amounts). Year Ended December 31, 2015 2014 2013 Total revenues, less transaction-based expenses $ 4,308 $ 4,097 $ 3,981 Operating income 1,997 1,700 1,526 Income from continuing operations attributable to ICE 1,379 1,085 781 Income from discontinued operations, net of tax — 11 217 Net income attributable to ICE 1,379 1,096 998 Basic earnings per common share: Continuing operations $ 11.51 $ 8.82 $ 6.32 Discontinued operations — 0.09 1.76 Basic earnings per share $ 11.51 $ 8.91 $ 8.08 Diluted earnings per share Continuing operations $ 11.46 $ 8.78 $ 6.28 Discontinued operations — 0.09 1.75 Diluted earnings per share $ 11.46 $ 8.87 $ 8.03

Short-Term and Long-Term Inve33

Short-Term and Long-Term Investments (Tables)	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities [Table Text Block]	As of December 31, 2015 , our short-term and long-term investments primarily consist of available-for-sale securities as follows (in millions): Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Cetip equity securities $ 324 $ — $ (25 ) $ 299 Mutual funds 29 — — 29 Total available-for-sale securities $ 353 $ — $ (25 ) $ 328 As of December 31, 2014 , our short-term and long-term investments primarily consist of term deposits of $1.2 billion and available-for-sale securities as follows (in millions): Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Cetip equity securities $ 324 $ 55 $ — $ 379 Term deposits 1,173 — — 1,173 Mutual funds 27 — — 27 Total term deposits and available-for-sale securities $ 1,524 $ 55 $ — $ 1,579

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment consisted of the following as of December 31, 2015 and 2014 (in millions, except years): As of December 31, Depreciation Period (Years) 2015 2014 Software and internally developed software $ 474 $ 377 1 to 3 Computer and network equipment 410 247 1 to 4 Land 138 138 N/A Buildings and building improvements 188 150 2.5 to 40 Leasehold improvements 216 202 1 to 17 Equipment, aircraft and office furniture 197 187 1 to 15 1,623 1,301 Less accumulated depreciation and amortization (586 ) (427 ) Property and equipment, net $ 1,037 $ 874

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedules of intangible assets and goodwill	The following is a summary of the activity in the goodwill balance for the years ended December 31, 2015 and 2014 (in millions): Goodwill balance at January 1, 2014 $ 9,189 Acquisitions 461 Foreign currency translation (43 ) De-consolidation of Euronext and NYSE Technologies (Note 16) (1,071 ) Other activity, net (1 ) Goodwill balance at December 31, 2014 8,535 Acquisitions 3,589 Foreign currency translation (39 ) Other activity, net (6 ) Goodwill balance at December 31, 2015 $ 12,079 The following is a summary of the activity in the other intangible assets balance for the years ended December 31, 2015 and 2014 (in millions): Other intangible assets balance at January 1, 2014 $ 9,323 Acquisitions 125 Foreign currency translation (38 ) De-consolidation of Euronext and NYSE Technologies (Note 16) (1,479 ) Amortization of other intangible assets (151 ) Other intangible assets balance at December 31, 2014 7,780 Acquisitions 3,163 Foreign currency translation (25 ) Amortization of other intangible assets (160 ) Other intangible assets balance at December 31, 2015 $ 10,758 Other intangible assets and the related accumulated amortization consisted of the following as of December 31, 2015 and 2014 (in millions, except years): As of December 31, Useful Life (Years) 2015 2014 Customer relationships $ 3,952 $ 1,254 3 to 25 Technology 391 211 2.5 to 11 Trading products with finite lives 237 262 20 Russell licensing rights 184 184 10 Data/databases 76 — 4 Market data provider relationships 11 — 20 Non-compete agreements 37 34 1 to 5 Other 53 19 1 to 5 4,941 1,964 Less accumulated amortization (703 ) (568 ) Total finite-lived intangible assets, net 4,238 1,396 Exchange registrations, licenses and contracts with indefinite lives 6,086 6,096 Trade names and trademarks with indefinite lives 297 280 In-process research and development 129 — Other 8 8 Total indefinite-lived intangible assets 6,520 6,384 Total other intangible assets, net $ 10,758 $ 7,780
Intangible assets, expected future amortization expense	expect future amortization expense from the finite-lived intangible assets as of December 31, 2015 to be as follows (in millions): 2016 $ 318 2017 277 2018 263 2019 244 2020 211 Thereafter 2,925 $ 4,238

Deferred Revenue (Tables)

Deferred Revenue (Tables)	12 Months Ended
	Dec. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred Revenue	Deferred Revenue Deferred revenue represents cash consideration received that is yet to be recognized as revenue. Total deferred revenue was $190 million as of December 31, 2015 , including $98 million in current deferred revenue and $92 million in non-current deferred revenue. See Note 2 for a description of our annual listing fee, original listing fee, other listing fee and data services fee revenues and the revenue recognition policy for each of these revenue streams. The changes in our deferred revenue during the years ended December 31, 2015 and 2014 are as follows (in millions): Annual Listing Fee Revenue Original Listing Fee Revenues Other Listing Fee Revenues Data Services Fee and Other Revenues Total Deferred revenue balance at January 1, 2014 $ — $ 7 $ 3 $ 56 $ 66 Additions 330 31 47 114 522 Amortization (330 ) (3 ) (4 ) (97 ) (434 ) De-consolidation of Euronext and NYSE Technologies (Note 16) — — — (18 ) (18 ) Deferred revenue balance at December 31, 2014 — 35 46 55 136 Additions 358 20 29 181 588 Amortization (358 ) (5 ) (16 ) (155 ) (534 ) Deferred revenue balance at December 31, 2015 $ — $ 50 $ 59 $ 81 $ 190 As of December 31, 2015 , we estimate that our deferred revenue will be recognized in the following years (in millions): Original Listing Fee Revenues Other Listing Fee Revenues Data Services Fee and Other Revenues Total 2016 $ 7 $ 15 $ 76 $ 98 2017 7 15 2 24 2018 7 11 1 19 2019 7 10 1 18 2020 6 6 — 12 Thereafter 16 2 1 19 Total $ 50 $ 59 $ 81 $ 190
Deferred Revenue Recognition Schedule	As of December 31, 2015 , we estimate that our deferred revenue will be recognized in the following years (in millions): Original Listing Fee Revenues Other Listing Fee Revenues Data Services Fee and Other Revenues Total 2016 $ 7 $ 15 $ 76 $ 98 2017 7 15 2 24 2018 7 11 1 19 2019 7 10 1 18 2020 6 6 — 12 Thereafter 16 2 1 19 Total $ 50 $ 59 $ 81 $ 190
Deferred Revenue Rollforward	The changes in our deferred revenue during the years ended December 31, 2015 and 2014 are as follows (in millions): Annual Listing Fee Revenue Original Listing Fee Revenues Other Listing Fee Revenues Data Services Fee and Other Revenues Total Deferred revenue balance at January 1, 2014 $ — $ 7 $ 3 $ 56 $ 66 Additions 330 31 47 114 522 Amortization (330 ) (3 ) (4 ) (97 ) (434 ) De-consolidation of Euronext and NYSE Technologies (Note 16) — — — (18 ) (18 ) Deferred revenue balance at December 31, 2014 — 35 46 55 136 Additions 358 20 29 181 588 Amortization (358 ) (5 ) (16 ) (155 ) (534 ) Deferred revenue balance at December 31, 2015 $ — $ 50 $ 59 $ 81 $ 190

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Total Debt	total debt, including short-term and long-term debt, consisted of the following as of December 31, 2015 and 2014 (in millions): As of December 31, 2015 2014 Debt: Commercial Paper $ 2,591 $ 905 NYSE EUR Notes (5.375% senior unsecured notes due June 30, 2015) — 1,137 Short-term debt 2,591 2,042 NYSE USD Notes (2.00% senior unsecured notes due October 5, 2017) 852 853 2018 Senior Notes (2.50% senior unsecured notes due October 15, 2018) 597 595 2020 Senior Notes (2.75% senior unsecured notes due December 1, 2020) 1,239 — 2023 Senior Notes (4.00% senior unsecured notes due October 15, 2023) 789 787 2025 Senior Notes (3.75% senior unsecured notes due December 1, 2025) 1,240 — Long term debt 4,717 2,235 Total debt $ 7,308 $ 4,277
Debt Repayment Schedule	As of December 31, 2015 , the outstanding debt repayment schedule is as follows (in millions): 2016 $ 2,593 2017 850 2018 600 2019 — 2020 1,250 Thereafter 2,050 Principal amounts repayable 7,343 Debt issuance costs (27 ) Unamortized balance of fair value adjustments and discounts on bonds, net (8 ) Total debt outstanding $ 7,308

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Summary of Stock Options	The following is a summary of stock options for the years ended December 31, 2015 , 2014 and 2013 , which includes 3,644 stock options issued in connection with the NYSE acquisition: Number of Options Weighted Average Outstanding at January 1, 2013 933,953 $ 85.07 Granted 152,361 127.21 Exercised (213,967 ) 62.67 Outstanding at December 31, 2013 872,347 97.92 Granted 154,202 206.87 Exercised (263,682 ) 51.86 Outstanding at December 31, 2014 762,867 136.03 Granted 176,467 207.97 Exercised (164,783 ) 101.98 Outstanding at December 31, 2015 774,551 159.66
Details of Stock Options Outstanding	Details of stock options outstanding as of December 31, 2015 are as follows: Number of Options Weighted Average Weighted Average Aggregate Vested or expected to vest 774,551 $ 159.66 6.3 $ 75 Exercisable 539,973 $ 139.36 5.2 $ 63
Stock Options Valuation Assumptions	During the years ended December 31, 2015 , 2014 and 2013 , we used the weighted-average assumptions in the table below to compute the value of all options for shares of common stock granted to employees: Year Ended December 31, Assumptions 2015 2014 2013 Risk-free interest rate 1.08 % 1.23 % 0.53 % Expected life in years 5.0 5.0 4.0 Expected volatility 24 % 27 % 37 % Expected dividend yield 1.25 % 1.26 % 0 % Estimated weighted-average fair value of options granted per share $ 40.94 $ 45.23 $ 38.41
Summary of Nonvested Restricted Stock Options	The following is a summary of the nonvested restricted shares under all plans discussed above for the years ended December 31, 2015 , 2014 and 2013 : Number of Weighted Average Nonvested at January 1, 2013 878,086 $ 113.25 Granted 825,919 164.24 Vested (426,025) 113.02 Forfeited (43,428) 125.81 Nonvested at December 31, 2013 1,234,552 147.00 Granted 560,380 204.92 Vested (655,292) 146.14 Forfeited (68,645) 162.83 Nonvested at December 31, 2014 1,070,995 176.82 Granted 691,518 210.46 Vested (436,561) 159.92 Forfeited (71,717) 169.52 Nonvested at December 31, 2015 1,254,235 199.44

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Income from continuing operations before income taxes and the income tax provision consisted of the following for the years ended December 31, 2015 , 2014 and 2013 (in millions): Year Ended December 31, 2015 2014 2013 Income from continuing operations before income taxes Domestic $ 824 $ 623 $ 81 Foreign 829 784 423 $ 1,653 $ 1,407 $ 504 Income tax provision Current tax expense: Federal $ 250 $ 151 $ 57 State 46 61 25 Foreign 170 169 137 466 381 219 Deferred tax expense (benefit): Federal (7 ) 39 (20 ) State (40 ) (20 ) (5 ) Foreign (61 ) 2 (10 ) (108 ) 21 (35 ) Total income tax expense $ 358 $ 402 $ 184
Reconciliation of Statutory U.S. Federal Income Tax Rate to Effective Income Tax Rate	A reconciliation of the statutory U.S. federal income tax rate to our effective income tax rate for the years ended December 31, 2015 , 2014 and 2013 is as follows: Year Ended December 31, 2015 2014 2013 Statutory federal income tax rate 35 % 35 % 35 % State and local income taxes, net of federal benefit 2 3 2 Foreign tax rate differential (7 ) (7 ) (10 ) Benefit to deferred tax asset and liabilities for foreign tax law change (4 ) — (1 ) Uncertain tax positions (3 ) 1 1 Cetip investment impairment loss — — 9 Other (1 ) (3 ) 1 Total provision for income taxes 22 % 29 % 37 %
Schedule Of Deferred Tax Assets And Liabilities	December 31, 2015 and 2014 (in millions): December 31, 2015 2014 Deferred tax assets: Deferred and stock-based compensation $ 160 $ 168 Pension 100 111 Liability reserve 58 70 Tax credits 59 11 Loss carryforward 259 156 Deferred revenue 29 7 Other 67 60 Total 732 583 Valuation allowance (72 ) (75 ) Total deferred tax assets, net of valuation allowance 660 508 Deferred tax liabilities: Property and equipment (82 ) (32 ) Acquired intangibles (3,397 ) (2,430 ) Unrealized market gains/losses — (59 ) Total deferred tax liabilities (3,479 ) (2,521 ) Net deferred tax liabilities $ (2,819 ) $ (2,013 ) Reported as: Net non-current deferred tax assets $ 18 $ 15 Net non-current deferred tax liabilities (2,837 ) (2,028 ) Net deferred tax liabilities $ (2,819 ) $ (2,013 )
Reconciliation of Deferred Income Tax Valuation Allowance	A reconciliation of the beginning and ending amount of deferred income tax valuation allowance is as follows for the years ended December 31, 2015 , 2014 and 2013 (in millions): Year Ended December 31, 2015 2014 2013 Beginning balance of deferred income tax valuation allowance $ 75 $ 95 $ 11 Increases charged to income tax expense 1 — — Charges against goodwill 1 — 84 Decreases (5 ) (20 ) — Ending balance of deferred income tax valuation allowance $ 72 $ 75 $ 95
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years ended December 31, 2015 , 2014 and 2013 (in millions): Year Ended December 31, 2015 2014 2013 Beginning balance of unrecognized tax benefits $ 145 $ 228 $ 34 Additions related to acquisitions 7 — 161 Additions based on tax positions taken in current year 9 33 38 Additions based on tax positions taken in prior years 34 1 5 Reductions related to divestitures (Euronext IPO) — (104 ) — Reductions based on tax positions taken in prior years (51 ) (3 ) (1 ) Reductions resulting from statute of limitation lapses (12 ) (2 ) (3 ) Reductions related to settlements with taxing authorities (25 ) (8 ) (6 ) Ending balance of unrecognized tax benefits $ 107 $ 145 $ 228
Open Tax Years and Examinations by Jurisdiction	The following table summarizes open tax years by major jurisdiction: Jurisdiction Open Tax Years U.S. Federal 2012 - 2015 U.S. States 2007 - 2015 U.K. 2013 - 2015 Netherlands 2010 - 2015

Clearing Organizations (Tables)

Clearing Organizations (Tables)	12 Months Ended
	Dec. 31, 2015
Brokers and Dealers [Abstract]
Schedule Of Margin Deposits And Guaranty Funds Assets	As of December 31, 2015 , original margin and guaranty fund cash deposits are as follows for the ICE Clearing Houses (in millions): ICE Clear Europe ICE Clear ICE Clear U.S. Other ICE Clearing Houses Total Original margin $ 28,454 $ 13,750 $ 3,882 $ 159 $ 46,245 Guaranty fund 2,589 2,011 311 13 4,924 Total $ 31,043 $ 15,761 $ 4,193 $ 172 $ 51,169 As of December 31, 2014 , original margin and guaranty fund cash deposits are as follows for the ICE Clearing Houses (in millions): ICE Clear Europe ICE Clear ICE Clear U.S. Other ICE Clearing Houses Total Original margin $ 23,291 $ 14,056 $ 4,285 $ 42 $ 41,674 Guaranty fund 3,048 2,408 290 38 5,784 Total $ 26,339 $ 16,464 $ 4,575 $ 80 $ 47,458
Schedule Of Assets Pledged By Clearing Members As Original Margin And Guaranty Fund Deposits Table	As of December 31, 2015 As of December 31, 2014 ICE Clear Europe ICE Clear ICE Clear U.S. Other ICE Clearing Houses ICE Clear Europe ICE Clear ICE Clear U.S. Other ICE Clearing Houses Original margin: Government securities at face value $ 21,690 $ 4,989 $ 8,161 $ 97 $ 18,284 $ 3,235 $ 6,972 $ 99 Letters of credit — — — 381 — — — 4 Total $ 21,690 $ 4,989 $ 8,161 $ 478 $ 18,284 $ 3,235 $ 6,972 $ 103 Guaranty fund: Government securities at face value $ 267 $ 229 $ 158 $ 61 $ 284 $ 424 $ 190 $ 15

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments for Noncancelable Operating Leases	As of December 31, 2015 , future minimum lease payments under these non-cancelable operating agreements are as follows (in millions): 2016 $ 42 2017 95 2018 36 2019 32 2020 33 Thereafter 156 Total $ 394

Pension and Other Benefit Pro42

Pension and Other Benefit Programs (Tables)	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]	The following table shows the effect of a one-percentage-point increase and decrease in assumed health care cost trend rates (in millions): Assumed Health Care Cost Trend Rate 1% Increase 1% Decrease Effect of post-retirement benefit obligation $ 29 $ (24 ) Effect on total of service and interest cost components 1 (1 )
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	Based on the valuation techniques described in Note 15, the fair values of our pension plan assets as of December 31, 2015 , by asset category, are as follows (in millions): Fair Value Measurements Asset Category Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash $ 11 $ — $ — $ 11 Equity securities: U.S. large-cap — 244 — 244 U.S. small-cap — 69 — 69 International — 128 — 128 Fixed income securities 128 83 3 214 Total $ 139 $ 524 $ 3 $ 666 The fair values of our pension plan assets as of December 31, 2014 , by asset category, are as follows (in millions): Fair Value Measurements Asset Category Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash $ 31 $ — $ 3 $ 34 Equity securities: U.S. large-cap 150 76 — 226 U.S. small-cap 69 38 — 107 International 85 51 — 136 Fixed income securities 121 94 — 215 Total $ 456 $ 259 $ 3 $ 718
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	The following table shows the actuarial determined benefit obligation, interest costs, employee contributions, actuarial (gain) loss, benefits paid during the period and the accrued employee benefits (in millions): As of December 31, 2015 2014 Benefit obligation at the end of year $ 224 $ 239 Interest cost 8 8 Actuarial (gain) loss (12 ) 35 Employee contributions 3 3 Benefits paid (14 ) (16 ) Amounts recognized in the accompanying consolidated balance sheets: Other current liabilities $ (12 ) $ (12 ) Accrued employee benefits $ (212 ) $ (227 ) The measurement dates for the pension plan are December 31, 2015 and 2014 . The following table provides a summary of the changes in the pension plan's benefit obligations and the fair value of assets as of December 31, 2015 and 2014 and a statement of funded status of the pension plan as of December 31, 2015 and 2014 (in millions): As of December 31, 2015 2014 Asset Category Change in benefit obligation: Benefit obligation at beginning of year $ 916 $ 837 Interest cost 34 37 Actuarial (gain) loss (38 ) 146 Plan settlements — (55 ) Benefits paid (51 ) (49 ) Benefit obligation at year end $ 861 $ 916 Change in plan assets: Fair value of plan assets at beginning of year $ 718 $ 735 Actual return (loss) on plan assets (11 ) 36 Contributions 10 51 Plan settlements — (55 ) Benefits paid (51 ) (49 ) Fair value of plan assets at end of year $ 666 $ 718 Funded status $ (195 ) $ (198 ) Accumulated benefit obligation $ 861 $ 916 Amounts recognized in the accompanying consolidated balance sheets: Accrued employee benefits $ (195 ) $ (198 ) The following table provides a summary of the changes in the SERP benefit obligations (in millions): As of December 31, 2015 2014 Change in benefit obligation: Benefit obligation at beginning of year $ 73 $ 73 Interest cost 2 3 Actuarial (gain) loss (3 ) 8 Benefits paid (11 ) (11 ) Benefit obligation at year end $ 61 $ 73 Funded status $ (61 ) $ (73 ) Amounts recognized in the accompanying consolidated balance sheets: Other current liabilities $ (9 ) $ (11 ) Accrued employee benefits (52 ) (62 )
Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]	The components of the pension plan expense (benefit) in the accompanying consolidated statements of income are set forth below for the years ended December 31, 2015 and 2014 and for the period from November 13, 2013 to December 31, 2013 (in millions): Year Ended December 31, Period from November 13, 2013 to December 31, 2013 2015 2014 Interest cost $ 34 $ 37 $ 5 Estimated return on plan assets (46 ) (47 ) (6 ) Amortization of loss 2 — — Settlement loss — 4 — Aggregate pension expense (benefit) $ (10 ) $ (6 ) $ (1 )
Schedule of Expected Benefit Payments [Table Text Block]	The following table shows the projected payments for the pension plan based on actuarial assumptions (in millions): 2016 $ 50 2017 50 2018 49 2019 49 2020 49 Next 5 years 246 The following table shows the projected payments for the SERP plan based on the actuarial assumptions (in millions): Projected SERP Plan Payments 2016 $ 9 2017 8 2018 7 2019 5 2020 5 Next 5 years 19 The following table shows the payments projected for our post-retirement benefit plans (net of expected Medicare subsidy receipts of $12 million in aggregate over the next ten fiscal years) based on actuarial assumptions (in millions): 2016 $ 13 2017 13 2018 13 2019 13 2020 13 Next 5 years 68
Schedule of Assumptions Used [Table Text Block]	The weighted average assumptions used to develop the actuarial present value of the projected benefit obligation and net periodic pension/SERP costs for years ended December 31, 2015 and 2014 and for the period from November 13, 2013 to December 31, 2013 are set forth below: Year Ended December 31, Period from November 13, 2013 to December 31, 2013 2015 2014 Discount rate (pension/SERP plans) 4.0%/3.4% 3.8%/3.2% 4.6%/3.8% Expected long-term rate of return on plan assets (pension/SERP plans) 6.5%/N/A 6.5%/N/A 6.5%/N/A Rate of compensation increase N/A N/A N/A
Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]	The accumulated other comprehensive loss, after tax, as of December 31, 2015 , consisted of the following amounts that have not yet been recognized in net periodic benefit cost (in millions): Pension Plans SERP Plans Post-retirement Benefit Plans Total Unrecognized net actuarial losses, after tax $ 102 $ 3 $ 14 $ 119
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	The amount of prior actuarial loss included in accumulated other comprehensive income related to the pension, SERP and postretirement plans as of December 31, 2015 , which are expected to be recognized in net periodic benefit cost in the coming year, is estimated to be (in millions): Pension Plans SERP Plans Post-retirement Benefit Plans Total Loss recognition $ (1 ) $ — $ — $ (1 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Financial instruments measured at fair value on a recurring basis as of December 31, 2015 are as follows (in millions): Level 1 Level 2 Level 3 Total Assets at fair value: Long-term investment in equity securities $ 299 $ — $ — $ 299 U.S. Treasury securities 449 — — 449 Mutual Funds 29 — — 29 Total assets at fair value $ 777 $ — $ — $ 777 Financial instruments measured at fair value on a recurring basis as of December 31, 2014 are as follows (in millions): Level 1 Level 2 Level 3 Total Assets at fair value: Long-term investment in equity securities $ 379 $ — $ — $ 379 U.S. Treasury securities 374 — — 374 Mutual Funds 27 — — 27 Total assets at fair value $ 780 $ — $ — $ 780

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Results of Discontinued Operations	Results of discontinued operations were as follows for the years ended December 31, 2014 and 2013 (in millions): Year Ended December 31, 2014 Year Ended December 31, 2013 Total revenues, less transaction-based expenses $ 347 $ 76 Operating expenses: Compensation and benefits 105 29 Technology and communication 31 6 Professional services 31 6 Rent and occupancy 12 4 Acquisition-related transaction and integration costs 103 22 Selling, general, administrative 16 4 Depreciation and amortization 16 5 Total operating expenses 314 76 Operating income 33 — Other income (expense), net 5 (4 ) Income tax expense 27 46 Income (loss) from discontinued operations, net of tax $ 11 $ (50 )

Condensed Consolidating Finan45

Condensed Consolidating Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Consolidating Financial Statements [Abstract]
Condensed Balance Sheet	Condensed Consolidating Balance Sheets As of December 31, 2015 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Current assets: Cash and cash equivalents $ 1 $ — $ 626 $ — $ 627 Intercompany receivable 3,176 — — (3,176 ) — Margin deposits and guaranty funds — — 51,169 — 51,169 Notes receivable from affiliate, current — 705 77 (782 ) — Other current assets 5 — 1,512 — 1,517 Total current assets 3,182 705 53,384 (3,958 ) 53,313 Property and equipment, net — — 1,037 — 1,037 Other non-current assets: Goodwill and other intangible assets, net — — 22,837 — 22,837 Investment in subsidiaries 21,120 9,840 — (30,960 ) — Notes receivable from affiliate, non-current — 3,128 3,370 (6,498 ) — Other non-current assets 20 10 770 — 800 Total other non-current assets 21,140 12,978 26,977 (37,458 ) 23,637 Total assets $ 24,322 $ 13,683 $ 81,398 $ (41,416 ) $ 77,987 Current liabilities: Short-term debt $ 2,591 $ — $ — $ — $ 2,591 Margin deposits and guaranty funds — — 51,169 — 51,169 Intercompany payable — 1,784 1,392 (3,176 ) — Notes payable to affiliates, current 358 — 424 (782 ) — Other current liabilities 36 — 947 — 983 Total current liabilities 2,985 1,784 53,932 (3,958 ) 54,743 Non-current liabilities: Long-term debt 3,865 852 — — 4,717 Notes payable to affiliates, non-current 2,629 741 3,128 (6,498 ) — Other non-current liabilities 35 — 3,617 — 3,652 Total non-current liabilities 6,529 1,593 6,745 (6,498 ) 8,369 Total liabilities 9,514 3,377 60,677 (10,456 ) 63,112 Redeemable non-controlling interest — — 35 — 35 Equity: Total shareholders' equity 14,808 10,306 20,654 (30,960 ) 14,808 Non-controlling interest in consolidated subsidiaries — — 32 — 32 Total equity 14,808 10,306 20,686 (30,960 ) 14,840 Total liabilities and equity $ 24,322 $ 13,683 $ 81,398 $ (41,416 ) $ 77,987 Intercontinental Exchange, Inc. Condensed Consolidating Balance Sheets As of December 31, 2014 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Current assets: Cash and cash equivalents $ 6 $ 5 $ 641 $ — $ 652 Intercompany receivable 2,793 — 529 (3,322 ) — Margin deposits and guaranty funds — — 47,458 — 47,458 Notes receivable from affiliate, current — 313 31 (344 ) — Other current assets 60 1,173 949 (60 ) 2,122 Total current assets 2,859 1,491 49,608 (3,726 ) 50,232 Property and equipment, net — — 874 — 874 Other non-current assets: Goodwill and other intangible assets, net — — 16,315 — 16,315 Investment in subsidiaries 13,682 9,572 — (23,254 ) — Notes receivable from affiliate, non-current — 2,790 1,516 (4,306 ) — Other non-current assets 13 11 809 — 833 Total other non-current assets 13,695 12,373 18,640 (27,560 ) 17,148 Total assets $ 16,554 $ 13,864 $ 69,122 $ (31,286 ) $ 68,254 Current liabilities: Short-term debt $ 905 $ 1,137 $ — $ — $ 2,042 Margin deposits and guaranty funds — — 47,458 — 47,458 Intercompany payable — 1,933 1,389 (3,322 ) — Notes payable to affiliates, current 344 — — (344 ) — Other current liabilities 30 — 966 (60 ) 936 Total current liabilities 1,279 3,070 49,813 (3,726 ) 50,436 Non-current liabilities: Long-term debt 1,382 853 — — 2,235 Notes payable to affiliates, non-current 1,516 — 2,790 (4,306 ) — Other non-current liabilities 17 — 3,009 — 3,026 Total non-current liabilities 2,915 853 5,799 (4,306 ) 5,261 Total liabilities 4,194 3,923 55,612 (8,032 ) 55,697 Redeemable non-controlling interest — — 165 — 165 Equity: Total shareholders' equity 12,360 9,941 13,313 (23,254 ) 12,360 Non-controlling interest in consolidated subsidiaries — — 32 — 32 Total equity 12,360 9,941 13,345 (23,254 ) 12,392 Total liabilities and equity $ 16,554 $ 13,864 $ 69,122 $ (31,286 ) $ 68,254
Condensed Income Statement	Intercontinental Exchange, Inc. Condensed Consolidating Statements of Income Year Ended December 31, 2014 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Revenues: Transaction and clearing fees, net $ — $ — $ 3,144 $ — $ 3,144 Data services fees — — 691 — 691 Listing fees and other revenues — — 517 — 517 Total revenues — — 4,352 — 4,352 Transaction-based expenses — — 1,260 — 1,260 Total revenues, less transaction-based expenses — — 3,092 — 3,092 Operating expenses: Compensation and benefits 1 — 591 — 592 Technology and communication — — 188 — 188 Acquisition-related transaction and integration costs — 12 117 — 129 Selling, general, administrative and other 1 — 401 — 402 Depreciation and amortization — — 333 — 333 Total operating expenses 2 12 1,630 — 1,644 Operating income (loss) (2 ) (12 ) 1,462 — 1,448 Total other income (expense), net (17 ) (45 ) 21 — (41 ) Income (loss) from continuing operations before income taxes (19 ) (57 ) 1,483 — 1,407 Income tax expense (benefit) (2 ) — 404 — 402 Equity earnings from subsidiaries 998 535 — (1,533 ) — Income (loss) from continuing operations 981 478 1,079 (1,533 ) 1,005 Income from discontinued operations, net of tax — — 11 — 11 Net income $ 981 $ 478 $ 1,090 $ (1,533 ) $ 1,016 Net income attributable to non-controlling interest — — (35 ) — (35 ) Net income attributable to ICE $ 981 $ 478 $ 1,055 $ (1,533 ) $ 981 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Income Year Ended December 31, 2013 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Revenues: Transaction and clearing fees, net $ — $ — $ 1,393 $ — $ 1,393 Data services fees — — 246 — 246 Listing fees and other revenues — — 91 — 91 Total revenues — — 1,730 — 1,730 Transaction-based expenses — — 132 — 132 Total revenues, less transaction-based expenses — — 1,598 — 1,598 Operating expenses: Compensation and benefits — — 302 — 302 Technology and communication — — 63 — 63 Acquisition-related transaction and integration costs — — 143 — 143 Selling, general, administrative and other — — 144 — 144 Depreciation and amortization — — 156 — 156 Total operating expenses — — 808 — 808 Operating income — — 790 — 790 Total other expense, net (11 ) (3 ) (272 ) — (286 ) Income (loss) from continuing operations before income taxes (11 ) (3 ) 518 — 504 Income tax expense (benefit) (4 ) — 188 — 184 Equity earnings from subsidiaries 261 (17 ) — (244 ) — Income (loss) from continuing operations 254 (20 ) 330 (244 ) 320 Loss from discontinued operations, net of tax — — (50 ) — (50 ) Net income (loss) $ 254 $ (20 ) $ 280 $ (244 ) $ 270 Net income attributable to non-controlling interest — — (16 ) — (16 ) Net income (loss) attributable to ICE $ 254 $ (20 ) $ 264 $ (244 ) $ 254 Condensed Consolidating Statements of Income Year Ended December 31, 2015 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Revenues: Transaction and clearing fees, net $ — $ — $ 3,228 $ — $ 3,228 Data services fees — — 871 — 871 Listing fees and other revenues — — 583 — 583 Total revenues — — 4,682 — 4,682 Transaction-based expenses — — 1,344 — 1,344 Total revenues, less transaction-based expenses — — 3,338 — 3,338 Operating expenses: Compensation and benefits 1 — 610 — 611 Technology and communication — — 203 — 203 Acquisition-related transaction and integration costs 12 — 76 — 88 Selling, general, administrative and other 1 — 311 — 312 Depreciation and amortization — — 374 — 374 Total operating expenses 14 — 1,574 — 1,588 Operating income (loss) (14 ) — 1,764 — 1,750 Total other expense, net (44 ) (23 ) (30 ) — (97 ) Income (loss) from continuing operations before income taxes (58 ) (23 ) 1,734 — 1,653 Income tax expense (benefit) — — 358 — 358 Equity earnings from subsidiaries 1,332 417 — (1,749 ) — Net income $ 1,274 $ 394 $ 1,376 $ (1,749 ) $ 1,295 Net income attributable to non-controlling interest — — (21 ) — (21 ) Net income attributable to ICE $ 1,274 $ 394 $ 1,355 $ (1,749 ) 1,274
Condensed Comprehensive Income Statement	Intercontinental Exchange, Inc. Condensed Consolidating Statements of Comprehensive Income Year Ended December 31, 2013 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Net income (loss) $ 254 $ (20 ) $ 280 $ (244 ) $ 270 Other comprehensive income (loss): Foreign currency translation adjustments — — 70 — 70 Change in fair value of net investment hedge — (19 ) — — (19 ) Change in fair value of available-for-sale securities — — (67 ) — (67 ) Reclassifications of losses realized on available-for-sale securities to other expense — — 190 — 190 Employee benefit plan adjustments — — 3 — 3 Total other comprehensive income (loss) — (19 ) 196 — 177 Comprehensive income of subsidiaries 411 310 — (721 ) — Comprehensive income 665 271 476 (965 ) 447 Comprehensive income attributable to non-controlling interests — — (16 ) — (16 ) Comprehensive income attributable to ICE $ 665 $ 271 $ 460 $ (965 ) $ 431 ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Net income $ 981 $ 478 $ 1,090 $ (1,533 ) $ 1,016 Other comprehensive income (loss): Foreign currency translation adjustments — 1 (131 ) — (130 ) Change in fair value of net investment hedge — — 21 — 21 Change in fair value of available-for-sale securities — — 55 — 55 Employee benefit plan adjustments — — (117 ) — (117 ) Total other comprehensive income (loss) — 1 (172 ) — (171 ) Comprehensive income of subsidiaries 1,362 185 — (1,547 ) — Comprehensive income 2,343 664 918 (3,080 ) 845 Comprehensive income attributable to non-controlling interests — — (35 ) — (35 ) Comprehensive income attributable to ICE $ 2,343 $ 664 $ 883 $ (3,080 ) $ 810 Condensed Consolidating Statements of Comprehensive Income Year Ended December 31, 2015 (in millions) ICE (Parent) Subsidiary Subsidiary Consolidating Adjustments Consolidated Total Net income $ 1,274 $ 394 $ 1,376 $ (1,749 ) $ 1,295 Other comprehensive income (loss): Foreign currency translation adjustments — — (58 ) — (58 ) Change in fair value of available-for-sale securities — — (81 ) — (81 ) Comprehensive income from equity method investment — — 2 — 2 Employee benefit plan adjustments — — (5 ) — (5 ) Total other comprehensive loss — — (142 ) — (142 ) Comprehensive loss of subsidiaries (142 ) (18 ) — 160 — Comprehensive income 1,132 376 1,234 (1,589 ) 1,153 Comprehensive income attributable to non-controlling interests — — (21 ) — (21 ) Comprehensive income attributable to ICE $ 1,132 $ 376 $ 1,213 $ (1,589 ) $ 1,132
Condensed Cash Flow Statement	Condensed Consolidating Statements of Cash Flows Year Ended December 31, 2015 (in millions) ICE (Parent) Subsidiary Subsidiary Non-Guarantors Consolidating Adjustments Consolidated Total Net cash provided by operating activities from continuing operations $ (162 ) $ 77 $ 1,518 $ (122 ) $ 1,311 Investing activities: Increase in restricted cash 5 — (299 ) — (294 ) Cash paid for acquisitions, net of cash acquired (3,751 ) — — — (3,751 ) Loans to subsidiaries (383 ) (730 ) (1,371 ) 2,484 — Additional capital contribution to equity method investee — — (60 ) — (60 ) Proceeds from term deposits, net — 1,084 — — 1,084 Capital expenditures and capitalized software development costs — — (277 ) — (277 ) Net cash used in investing activities from continuing operations (4,129 ) 354 (2,007 ) 2,484 (3,298 ) Financing activities: Proceeds from debt facilities and commercial paper, net 4,158 — — — 4,158 Repayments of debt facilities — (1,028 ) — — (1,028 ) Intercompany borrowing 1,127 592 765 (2,484 ) — Dividends to shareholders (331 ) — — — (331 ) Intercompany dividends — — (122 ) 122 — Purchase of subsidiary shares from non-controlling interest — — (128 ) — (128 ) Repurchases of common stock (660 ) — — — (660 ) Other financing activities (8 ) — (27 ) — (35 ) Net cash provided by financing activities from continuing operations 4,286 (436 ) 488 (2,362 ) 1,976 Effect of exchange rates on cash and cash equivalents — — (14 ) — (14 ) Net decrease in cash and cash equivalents (5 ) (5 ) (15 ) — (25 ) Cash and cash equivalents, beginning of year 6 5 641 — 652 Cash and cash equivalents, end of year $ 1 $ — $ 626 $ — $ 627 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Cash Flows Year Ended December 31, 2014 (in millions) ICE (Parent) Subsidiary Subsidiary Non-Guarantors Consolidating Adjustments Consolidated Total Net cash provided by operating activities from continuing operations $ (350 ) $ 4,651 $ (2,399 ) $ (439 ) $ 1,463 Investing activities: Increase in restricted cash — — (161 ) — (161 ) Cash paid for acquisitions, net of cash acquired — — (577 ) — (577 ) Loans to subsidiaries — (3,103 ) (950 ) 4,053 — Proceeds from IPO and sale of Euronext and sale of NYSE Technologies — — 2,274 — 2,274 Purchases of term deposits, net — (1,304 ) 54 — (1,250 ) Capital expenditures and capitalized software development costs — — (250 ) — (250 ) Net cash used in investing activities from continuing operations — (4,407 ) 390 4,053 36 Financing activities: Repayments of debt facilities and commercial paper, net (174 ) — (378 ) — (552 ) Intercompany borrowing 1,502 (239 ) 2,790 (4,053 ) — Dividends to shareholders (299 ) — — — (299 ) Intercompany dividends — — (439 ) 439 — Purchase of subsidiary shares from non-controlling interest — — (129 ) — (129 ) Repurchases of common stock (645 ) — — — (645 ) Other financing activities (30 ) — (18 ) — (48 ) Net cash used in financing activities from continuing operations 354 (239 ) 1,826 (3,614 ) (1,673 ) Cash and cash equivalents from discontinued operations — — (114 ) — (114 ) Effect of exchange rates on cash and cash equivalents — — (21 ) — (21 ) Net increase (decrease) in cash and cash equivalents 4 5 (318 ) — (309 ) Cash and cash equivalents, beginning of year 2 — 959 — 961 Cash and cash equivalents, end of year $ 6 $ 5 $ 641 $ — $ 652 Intercontinental Exchange, Inc. Condensed Consolidating Statements of Cash Flows Year Ended December 31, 2013 (in millions) ICE (Parent) Subsidiary Subsidiary Non-Guarantors Consolidating Adjustments Consolidated Total Net cash provided by operating activities from continuing operations $ 65 $ 111 $ 820 $ (282 ) $ 714 Investing activities: Increase in restricted cash — — (75 ) — (75 ) Cash paid for acquisitions, net of cash acquired (2,742 ) — 501 — (2,241 ) Loans to subsidiaries — — (597 ) 597 — Purchases of available for sale investments, net — — (26 ) — (26 ) Capital expenditures and capitalized software development costs — — (179 ) — (179 ) Net cash used in investing activities from continuing operations (2,742 ) — (376 ) 597 (2,521 ) Financing activities: Proceeds from debt facilities and commercial paper, net 2,473 — 1,360 — 3,833 Repayments of debt facilities (13 ) (350 ) (2,101 ) — (2,464 ) Intercompany borrowing 358 239 — (597 ) — Dividends to shareholders (75 ) — — — (75 ) Intercompany dividends — — (282 ) 282 — Purchase of subsidiary shares from non-recurring interest — — (40 ) — (40 ) Other financing activities (64 ) — (71 ) — (135 ) Net cash provided by financing activities from continuing operations 2,679 (111 ) (1,134 ) (315 ) 1,119 Cash and cash equivalents from discontinued operations — — 19 — 19 Effect of exchange rates on cash and cash equivalents — — 18 — 18 Net increase (decrease) in cash and cash equivalents 2 — (653 ) — (651 ) Cash and cash equivalents, beginning of year — — 1,612 — 1,612 Cash and cash equivalents, end of year $ 2 $ — $ 959 $ — $ 961

Geographical Information (Table

Geographical Information (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Revenue and Long Lived Assets by Geographic Area	United States Foreign Countries Total Revenues, less transaction-based expenses: Year ended December 31, 2015 $ 1,971 $ 1,367 $ 3,338 Year ended December 31, 2014 $ 1,859 $ 1,233 $ 3,092 Year ended December 31, 2013 $ 842 $ 756 $ 1,598 Net assets: As of December 31, 2015 $ 7,915 $ 6,960 $ 14,875 As of December 31, 2014 $ 5,437 $ 7,120 $ 12,557 Property and equipment, net: As of December 31, 2015 $ 888 $ 149 $ 1,037 As of December 31, 2014 $ 734 $ 140 $ 874

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Reconciliation of the Numerators and Denominators of the Basic and Diluted Earnings Per Common Share	The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the years ended December 31, 2015 , 2014 and 2013 (in millions, except per share amounts): Year Ended December 31, 2015 2014 2013 Income from continuing operations $ 1,295 $ 1,005 $ 320 Net income from continuing operations attributable to non-controlling interest (21 ) (35 ) (16 ) Net income from continuing operations attributable to ICE 1,274 970 304 Net income (loss) from discontinued operations attributable to ICE — 11 (50 ) Net income attributable to ICE $ 1,274 $ 981 $ 254 Basic earnings (loss) per share attributable to ICE common shareholders: Continuing operations $ 11.45 $ 8.50 $ 3.88 Discontinued operations — 0.10 (0.64 ) Basic earnings per share $ 11.45 $ 8.60 $ 3.24 Basic weighted average common shares outstanding 111 114 78 Diluted earnings (loss) per share attributable to ICE common shareholders: Continuing operations $ 11.39 $ 8.46 $ 3.84 Discontinued operations — 0.09 (0.63 ) Diluted earnings per share $ 11.39 $ 8.55 $ 3.21 Diluted weighted average common shares outstanding 112 115 79 Basic weighted average common shares outstanding 111 114 78 Effect of dilutive securities - stock options and restricted stock 1 1 1 Diluted weighted average common shares outstanding 112 115 79

Quarterly Financial Data (Table

Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information	The following table has been prepared from our financial records and reflects all adjustments that are necessary for a fair presentation of the results of operations for the interim periods presented (in millions, except per share amounts): 1 st Qtr 2 nd Qtr 3 rd Qtr 4 th Qtr Year Ended December 31, 2015 (a) Revenues, less transaction-based expenses $ 850 $ 797 $ 816 $ 875 Operating income 462 430 440 418 Net income attributable to Intercontinental Exchange, Inc. 315 283 306 370 Earnings per common share (c) : Basic - Continuing operations $ 2.81 $ 2.55 $ 2.77 $ 3.31 Diluted - Continuing operations $ 2.80 $ 2.54 $ 2.76 $ 3.29 Year Ended December 31, 2014 Revenues, less transaction-based expenses $ 797 $ 750 $ 745 $ 800 Operating income 391 327 330 400 Income from continuing operations less income attributable to non-controlling interest 248 218 216 288 Income (loss) from discontinued operations (b) 13 8 (10 ) — Net income attributable to Intercontinental Exchange, Inc. 261 226 206 288 Earnings (loss) per common share (c) : Basic - Continuing operations $ 2.16 $ 1.89 $ 1.90 $ 2.56 Basic - Discontinued operations (b) 0.12 0.07 (0.09 ) — Basic $ 2.28 $ 1.96 $ 1.81 $ 2.56 Diluted - Continuing operations $ 2.15 $ 1.88 $ 1.89 $ 2.54 Diluted - Discontinued operations (b) 0.12 0.07 (0.09 ) — Diluted $ 2.27 $ 1.95 $ 1.80 $ 2.54

Summary of Significant Accoun49

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Significant Accounting Policies [Line Items]
Exchange Fees	$ 349	$ 359	$ 32
Transaction and Clearing Fee Rebates	563	466	497
Dividend Income, Operating	16	23	8
Other current liabilities	156	116
Change in fair value of net investment hedge	0	(21)	19
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(45)	13	143
Foreign Currency Transaction Gain (Loss), before Tax	14	2	2
Other noncurrent liabilities	$ 337	482
Unrealized Gain (Loss) on Derivatives		2
Original Listing fee [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Customer Listing Fee Recognition, Estimated Service Period	5 years
Original Listing fee [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Customer Listing Fee Recognition, Estimated Service Period	9 years
Other Listing Fee [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Customer Listing Fee Recognition, Estimated Service Period	3 years
Other Listing Fee [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Customer Listing Fee Recognition, Estimated Service Period	6 years
Reclassification [Member]
Significant Accounting Policies [Line Items]
Exchange Fees		$ 131	$ 14

Summary of Significant Accoun50

Summary of Significant Accounting Policies (Allowance for Doubtful Accounts Rollforward) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning balance of allowance for doubtful accounts	$ 2	$ 1	$ 1	$ 1
Bad debt expense	2	1	1
Charge-offs	(1)	(1)	(1)
Ending balance of allowance for doubtful accounts	$ 2	$ 1	$ 1

Acquisitions (Details)

Acquisitions (Details) $ / shares in Units, shares in Millions, $ in Millions

Dec. 14, 2015USD ($)$ / sharesshares

Dec. 11, 2015USD ($)$ / sharesshares

Nov. 24, 2015USD ($)

Oct. 07, 2014USD ($)

Nov. 13, 2013USD ($)$ / sharesshares

Oct. 31, 2013USD ($)

Oct. 08, 2013USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2013USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Dec. 02, 2014

Business Acquisition [Line Items]

Restricted Cash and Cash Equivalents, Current

$ 657

$ 657

$ 329

Proceeds from Issuance of Debt

$ 2,472

0

$ 2,753

Document Period End Date

Dec. 31, 2015

Goodwill

12,079

$ 9,189

$ 12,079

8,535

9,189

Business Acquisition, Pro Forma Revenue Less Transaction Based Expenses

4,308

4,097

3,981

Business Acquisition, Pro Forma Net Income (Loss)

1,379

$ 1,096

$ 998

Interactive Data [Member]

Business Acquisition [Line Items]

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

$ 5,634

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles

2,888

Total purchase price

6,000

Payments to Acquire Businesses, Gross

$ 4,100

Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Shares | shares

6.5

Cash Acquired from Acquisition

$ 301

Payments of Debt Extinguishment Costs

2,600

Business Combination, Consideration Transferred, Equity Interest Issued or Issuable, Fair Value

$ 2,000

Business Acquisition, Share Price | $ / shares

$ 244.48

Goodwill

$ 3,200

Finite-lived Intangible Assets Acquired

2,888

Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual

46

Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual

$ 5

TRAYPORT [Member]

Business Acquisition [Line Items]

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

$ 620

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles

274

Indefinite-lived Intangible Assets Acquired

$ 18

Total purchase price

$ 1,000

Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Shares | shares

2.5

Business Acquisition, Share Price | $ / shares

$ 245.26

Goodwill

$ 389

NYSE Euronext [Member]

Business Acquisition [Line Items]

Business Acquisition Purchase Consideration Payable In Cash Per Share | $ / shares

$ 2,700,000,000

Total purchase price

$ 11,089

Payments to Acquire Businesses, Gross

2,700

Equity interest issued

$ 8,300

Business Acquisition, Share Price | $ / shares

$ 197.80

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares

42.4

Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual

208

Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual

$ 30

Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]

21

99

44

SuperDerivatives [Member]

Business Acquisition [Line Items]

Total purchase price

$ 358

Holland Clearing House N.V. [Member]

Business Acquisition [Line Items]

Business Acquisition, Percentage of Voting Interests Acquired

75.00%

Business Acquisition, Percentage of Voting Interests Retained by Third Party

0.25

Other Intangible Assets [Member] | Interactive Data [Member]

Business Acquisition [Line Items]

Remaining collective finite lived intangible assets, useful life

23 years

Other Intangible Assets [Member] | TRAYPORT [Member]

Business Acquisition [Line Items]

Remaining collective finite lived intangible assets, useful life

19 years

Customer Relationships [Member] | Interactive Data [Member]

Business Acquisition [Line Items]

Remaining collective finite lived intangible assets, useful life

25 years

Finite-lived Intangible Assets Acquired

$ 2,469

Customer Relationships [Member] | TRAYPORT [Member]

Business Acquisition [Line Items]

Remaining collective finite lived intangible assets, useful life

20 years

Finite-lived Intangible Assets Acquired

$ 242

Customer Relationships [Member] | Minimum [Member] | Interactive Data [Member]

Business Acquisition [Line Items]

Remaining collective finite lived intangible assets, useful life

20 years

Trademarks and Trade Names [Member] | Interactive Data [Member]

Business Acquisition [Line Items]

Remaining collective finite lived intangible assets, useful life

3 years

Finite-lived Intangible Assets Acquired

33

Revolving Credit Facility [Member] | Interactive Data [Member]

Business Acquisition [Line Items]

Proceeds from Lines of Credit

$ 1,600

Revolving Credit Facility [Member] | NYSE Euronext [Member]

Business Acquisition [Line Items]

Proceeds from Lines of Credit

$ 400

Senior Notes [Member] | Interactive Data [Member]

Business Acquisition [Line Items]

Proceeds from Issuance of Debt

$ 2,500

Senior Notes [Member] | NYSE Euronext [Member]

Business Acquisition [Line Items]

Proceeds from Issuance of Debt

$ 1,400

Acquisitions (Purchase Price Sc

Acquisitions (Purchase Price Schedule) (Details) - NYSE Euronext [Member] $ in Millions	Nov. 13, 2013USD ($)
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 2,700
Equity interest issued	8,300
Total purchase price	$ 11,089

Acquisitions (Purchase Price Al

Acquisitions (Purchase Price Allocation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 14, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Goodwill	$ 12,079		$ 8,535	$ 9,189
Finite Lived Intangible Assets Amortization Expense Net	4,238
Finite-Lived Intangible Assets, Net	4,238		$ 1,396
Interactive Data [Member]
Business Acquisition [Line Items]
Property and equipment		$ 301
Goodwill		3,200
Deferred tax liabilities on identifiable intangible assets		(1,051)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		2,888
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets		$ 296
Finite-lived Intangible Assets Acquired	2,888
Finite Lived Intangible Assets Amortization Expense Net	(7)
Finite-Lived Intangible Assets, Net	2,881
Customer Relationships [Member] | Interactive Data [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	2,469
Finite Lived Intangible Assets Amortization Expense Net	(5)
Finite-Lived Intangible Assets, Net	2,464
Developed Technology Rights [Member] | Interactive Data [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	168
Finite Lived Intangible Assets Amortization Expense Net	(1)
Finite-Lived Intangible Assets, Net	167
Trademarks and Trade Names [Member] | Interactive Data [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	33
Finite Lived Intangible Assets Amortization Expense Net	0
Finite-Lived Intangible Assets, Net	33
Market Data Provider Relationships [Member] | Interactive Data [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	11
Finite Lived Intangible Assets Amortization Expense Net	0
Finite-Lived Intangible Assets, Net	11
Database Rights [Member] | Interactive Data [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	76
Finite Lived Intangible Assets Amortization Expense Net	(1)
Finite-Lived Intangible Assets, Net	75
Noncompete Agreements [Member] | Interactive Data [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	2
Finite Lived Intangible Assets Amortization Expense Net	0
Finite-Lived Intangible Assets, Net	2
In Process Research and Development [Member] | Interactive Data [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired	$ 129

Acquisitions (Identifiable Inta

Acquisitions (Identifiable Intangible Assets Schedule) (Details) - USD ($) $ in Millions	Nov. 13, 2013	Dec. 31, 2015	Dec. 14, 2015	Dec. 11, 2015	Dec. 31, 2014	Dec. 31, 2013
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 12,079			$ 8,535	$ 9,189
Finite-Lived Intangible Assets, Accumulated Amortization		703			568
Indefinite Lived Intangible Assets Net		6,520			6,384
Finite-Lived Intangible Assets, Net		4,238			1,396
Other intangible assets, net		10,758			7,780	$ 9,323
TRAYPORT [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill				$ 389
Indefinite-lived Intangible Assets Acquired		18
Indefinite-lived Intangible Assets, Translation Adjustments		0
Finite-Lived Intangible Assets, Accumulated Amortization		1
Indefinite Lived Intangible Assets Net		18
Intangible Assets Acquired		274
Intangible Assets, Translation Adjustments		(6)
Other intangible assets, net		$ 267
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles				274
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets				7
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent				(50)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				$ 620
TRAYPORT [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life		20 years
Finite-lived Intangible Assets Acquired		$ 242
Finite-Lived Intangible Assets, Translation Adjustments		(6)
Finite-Lived Intangible Assets, Accumulated Amortization		1
Finite-Lived Intangible Assets, Net		235
TRAYPORT [Member] | Developed Technology Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired		14
Finite-Lived Intangible Assets, Translation Adjustments		0
Finite-Lived Intangible Assets, Accumulated Amortization		0
Finite-Lived Intangible Assets, Net		14
Interactive Data [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill			$ 3,200
Finite-lived Intangible Assets Acquired		2,888
Finite-Lived Intangible Assets, Net		2,881
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			2,888
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets			296
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent			(1,051)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net			$ 5,634
Interactive Data [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life	25 years
Finite-lived Intangible Assets Acquired		2,469
Finite-Lived Intangible Assets, Net		2,464
Interactive Data [Member] | Noncompete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life	1 year
Finite-lived Intangible Assets Acquired		2
Finite-Lived Intangible Assets, Net		2
Interactive Data [Member] | Market Data Provider Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life	20 years
Finite-lived Intangible Assets Acquired		11
Finite-Lived Intangible Assets, Net		11
Interactive Data [Member] | Trademarks and Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life	3 years
Finite-lived Intangible Assets Acquired		33
Finite-Lived Intangible Assets, Net		33
Interactive Data [Member] | Developed Technology Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired		168
Finite-Lived Intangible Assets, Net		167
Interactive Data [Member] | Database Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life	4 years
Finite-lived Intangible Assets Acquired		76
Finite-Lived Intangible Assets, Net		75
Exchange Registrations and Licenses with Indefinite Lives [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Indefinite Lived Intangible Assets Net		$ 6,086			$ 6,096
Minimum [Member] | TRAYPORT [Member] | Developed Technology Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life		3 years
Minimum [Member] | Interactive Data [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life	20 years
Minimum [Member] | Interactive Data [Member] | Developed Technology Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life	5 years
Maximum [Member] | TRAYPORT [Member] | Developed Technology Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life		5 years
Maximum [Member] | Interactive Data [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life	25 years
Maximum [Member] | Interactive Data [Member] | Developed Technology Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining collective finite lived intangible assets, useful life	8 years

Acquisitions (Proforma Informat

Acquisitions (Proforma Information) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue Less Transaction Based Expenses	$ 4,308	$ 4,097	$ 3,981
Business Acquisition, Pro Forma Operating Income (Loss)	1,997	1,700	1,526
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations before Changes in Accounting and Extraordinary Items, Net of Tax	$ 1,379	$ 1,085	$ 781
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations before Changes in Accounting and Extraordinary Items, Net of Tax, Per Share, Basic	$ 11.51	$ 8.82	$ 6.32
Business Acquisition, Pro Forma Income (Loss) From Discontinued Operations, Per Share, Basic	$ 0	$ 0.09	$ 1.76
Business Combination, Pro Forma Income (Loss) from Discontinued Operations, Net of Tax	$ 0	$ 11	$ 217
Business Acquisition, Pro Forma Net Income (Loss)	$ 1,379	$ 1,096	$ 998
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ 11.51	$ 8.91	$ 8.08
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations before Changes in Accounting and Extraordinary Items, Net of Tax, Per Share, Diluted	11.46	8.78	6.28
Business Acquisition, Pro Forma Income (Loss) From Discontinued Operations, Per Share, Diluted	0	0.09	1.75
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 11.46	$ 8.87	$ 8.03

Short-Term and Long-Term Rest56

Short-Term and Long-Term Restricted Cash and Investments Short-Term and Long-Term Restricted Cash and Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Jan. 02, 2014
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term restricted cash and investments	$ 657	$ 329
Restricted Cash and Cash Equivalents, Noncurrent	$ 263	297
United Kingdom Recognized Investment Exchanges [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Operating Costs Covered For Period	6 months
Dcm Dco Designation For Ice Futures United States [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Operating Costs Covered For Period	1 year
Other Regulated Entities [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term restricted cash and investments	$ 13	6
ICE Clear Netherlands [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term restricted cash and investments	11	12
Restricted Cash and Cash Equivalents, Noncurrent		24
DCM, DCO, SDR, and SEF Designated Entities [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term restricted cash and investments	142	42
Operating Costs and Expenses	142	49
Long-term Line of Credit		7
Ice Futures Europe [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term restricted cash and investments	57
LIFFE [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term restricted cash and investments	106	114
ICE Clear Europe
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term restricted cash and investments	87
Restricted Cash and Cash Equivalents, Noncurrent		100
SuperDerivatives [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term restricted cash and investments	44
Combined Cds Guaranty Fund Contributions [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent		78
Futures and Options Products [Member] | ICE Clear Europe
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent	100
CDS Products [Member] | Ice Clear Us [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent			$ 50
CDS Products [Member] | Ice Clear Credit [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent	50
CDS Products [Member] | ICE Clear Europe
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent	$ 50	28
Maximum [Member] | SuperDerivatives [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents, Escrow Period	18 months
EMIR Capital Requirement [Member] | ICE Clear Europe
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term restricted cash and investments	$ 274
DCM DCO Designation for ICE Clear Europe [Member] | ICE Clear Europe
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term restricted cash and investments	$ 139	$ 107

Short-Term and Long-Term Inve57

Short-Term and Long-Term Investments (Details) € in Millions, shares in Millions, $ in Millions	Jun. 24, 2014USD ($)shares	Jun. 24, 2014EUR (€)shares	Jul. 31, 2011USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2015EUR (€)	Dec. 31, 2015USD ($)	Dec. 31, 2015EUR (€)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Nov. 13, 2013USD ($)	Nov. 13, 2013EUR (€)	Jul. 15, 2011shares
Gain (Loss) on Investments [Line Items]
Available-for-sale Securities, Amortized Cost Basis						$ 353		$ 1,524
Available-for-sale Securities						328		1,579
Investments, Fair Value Disclosure						29		27
Proceeds from sales of available-for-sale investments						1,089		54	$ 16
Effect of exchange rate changes on cash and cash equivalents						14		21	$ (18)
Cetip [Member]
Gain (Loss) on Investments [Line Items]
Available-for-sale Securities, Amortized Cost Basis								324
Available-for-sale Securities								379
Term Deposits [Member]
Gain (Loss) on Investments [Line Items]
Available-for-sale Securities, Amortized Cost Basis								1,173
Available-for-sale Securities								1,173
Cetip [Member]
Gain (Loss) on Investments [Line Items]
Available-for-sale Securities, Amortized Cost Basis						324
Available For Sale Investment Number Of Shares Acquired | shares												31.6
Available For Sale Investment Ownership Percentage												12.00%
Available-for-sale Securities						299
Investments, Fair Value Disclosure								379
Unrealized Loss on Securities						25
Mutual funds
Gain (Loss) on Investments [Line Items]
Available-for-sale Securities, Amortized Cost Basis						29		27
Available-for-sale Securities						29		$ 27
NYSE Euronext [Member]
Gain (Loss) on Investments [Line Items]
Sale of Stock, Number of Shares Issued in Transaction | shares	65.8	65.8
NYSE Euronext [Member] | Term Deposits [Member]
Gain (Loss) on Investments [Line Items]
Proceeds from sales of available-for-sale investments	$ 1,200	€ 969
NYSE Euronext [Member] | IPO [Member]
Gain (Loss) on Investments [Line Items]
Proceeds from sales of available-for-sale investments	$ 1,900	€ 1,400				2,100	€ 1,500
Sale of Stock, Number of Shares Issued in Transaction | shares	42.2	42.2
NYSE Euronext EUR Notes [Member]
Gain (Loss) on Investments [Line Items]
Unsecured Long-term Debt, Noncurrent										$ 1,100	€ 920
NYSE Euronext EUR Notes [Member]
Gain (Loss) on Investments [Line Items]
Debt Instrument, Periodic Payment, Interest				$ 60	€ 49
Cetip [Member]
Gain (Loss) on Investments [Line Items]
Payments to Acquire Available-for-sale Securities, Equity			$ 514
Investments, Fair Value Disclosure						324
Other than Temporary Impairment Losses, Investments						$ 190

Short-Term and Long-Term Inve58

Short-Term and Long-Term Investments (AFS) (Details) € in Millions, $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015EUR (€)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Nov. 13, 2013USD ($)	Nov. 13, 2013EUR (€)	Dec. 31, 2012USD ($)	Dec. 31, 2010USD ($)
Schedule of Available-for-sale Securities [Line Items]
Proceeds from sales of available-for-sale investments			$ 1,089	$ 54	$ 16
Cost			353	1,524
Gross Unrealized Gains			0	55
Gross Unrealized Losses			(25)	0
Estimated Fair Value			328	1,579
Cash and cash equivalents			627	652	$ 961			$ 1,612	$ 1,612
Restricted Cash and Cash Equivalents, Current			657	329
Restricted Cash and Cash Equivalents, Noncurrent			263	297
Cetip [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost			324
Gross Unrealized Gains			0
Gross Unrealized Losses			(25)
Estimated Fair Value			299
Term Deposits [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost				1,173
Gross Unrealized Gains				0
Gross Unrealized Losses				0
Estimated Fair Value				1,173
US Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost			449	374
Cash and cash equivalents			25	159
Restricted Cash and Cash Equivalents, Current			274	87
Restricted Cash and Cash Equivalents, Noncurrent			150	128
Mutual funds
Schedule of Available-for-sale Securities [Line Items]
Cost			29	27
Gross Unrealized Gains			0	0
Gross Unrealized Losses			0	0
Estimated Fair Value			$ 29	27
Cetip [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost				324
Gross Unrealized Gains				55
Gross Unrealized Losses				0
Estimated Fair Value				$ 379
NYSE Euronext EUR Notes [Member]
Schedule of Available-for-sale Securities [Line Items]
Unsecured Long-term Debt, Noncurrent						$ 1,100	€ 920
NYSE Euronext EUR Notes [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt Instrument, Periodic Payment, Interest	$ 60	€ 49

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Capitalized Computer Software, Amortization	$ 89	$ 81	$ 48
Property, Plant and Equipment, Gross	1,623	1,301
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(586)	(427)
Property and equipment, net	$ 1,037	$ 874
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation
Depreciation	$ 124	$ 138	$ 40
Capitalized Computer Software, Net	171	141
Computer Software, Intangible Asset [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 474	$ 377
Computer Software, Intangible Asset [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Computer Software, Intangible Asset [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Capital Leases, Balance Sheet, Assets by Major Class, Net
Property, Plant and Equipment, Gross	$ 410	$ 247
Computer Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Computer Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	4 years
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 138	138
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	188	150
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 216	202
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	17 years
Equipment Corporate Aircraft And Office Furniture [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 197	$ 187
Equipment Corporate Aircraft And Office Furniture [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Equipment Corporate Aircraft And Office Furniture [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Capitalized Computer Software, Amortization	$ 89	$ 81	$ 48
Depreciation	124	138	$ 40
Capitalized Computer Software, Net	$ 171	$ 141

Goodwill and Other Intangible61

Goodwill and Other Intangible Assets (Goodwill Rollforward) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 8,535	$ 9,189
Acquisitions	3,589	461
Foreign currency translation	(39)	(43)
Goodwill, Ending Balance	12,079	8,535
Goodwill, Discontinued During Period		(1,071)
Goodwill, Other Changes	$ (6)	$ (1)

Goodwill and Other Intangible62

Goodwill and Other Intangible Assets (Other Intangible Rollforward) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite-lived Intangible Assets [Roll Forward]
Other intangible assets, beginning balance	$ 7,780	$ 9,323
Acquisitions	3,163	125
Foreign currency translation	(25)	(38)
Intangible Assets, Excluding Goodwill, Discontinued During Period		(1,479)
Amortization of other intangible assets	(160)	(151)	$ (76)
Other intangible assets, ending balance	$ 10,758	$ 7,780	$ 9,323

Goodwill and Other Intangible63

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Amortization of other intangible assets	$ 160	$ 151	$ 76
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	20 years 3 months 6 days

Goodwill and Other Intangible64

Goodwill and Other Intangible Assets (Intangible Assets and Related Accumulated Amortization) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 4,941	$ 1,964
Less accumulated amortization	(703)	(568)
Total finite-lived intangible assets, net	4,238	1,396
Total other indefinite-lived intangible assets	6,520	6,384
Total other intangible assets, net	10,758	7,780	$ 9,323
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 3,952	1,254
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	25 years
Russell Licensing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 184	184
Finite-lived intangible asset, useful life	10 years
Database Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 76	0
Finite-lived intangible asset, useful life	4 years
Market Data Provider Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 11	0
Finite-lived intangible asset, useful life	20 years
Trading Products With Finite Lives [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 237	262
Finite-lived intangible asset, useful life	20 years
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 37	34
Noncompete Agreements [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	1 year
Noncompete Agreements [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	5 years
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 391	211
Technology [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	2 years 6 months
Technology [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	11 years
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 53	19
Other [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	1 year
Other [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	5 years
Exchange Registrations and Licenses with Indefinite Lives [Member]
Finite-Lived Intangible Assets [Line Items]
Total other indefinite-lived intangible assets	$ 6,086	6,096
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Total other indefinite-lived intangible assets	297	280
In Process Research and Development [Member]
Finite-Lived Intangible Assets [Line Items]
Total other indefinite-lived intangible assets	129	0
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Total other indefinite-lived intangible assets	$ 8	$ 8

Goodwill and Other Intangible65

Goodwill and Other Intangible Assets (Expected Future Amortization Expense) (Details) $ in Millions	Dec. 31, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,014	$ 318
2,015	277
2,016	263
2,017	244
2,018	211
Thereafter	2,925
Finite lived intangible assets, future amortization expense	$ 4,238

Deferred Revenue (Details)

Deferred Revenue (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Current			$ 98,000,000	$ 69,000,000
Deferred Revenue, Recognized, 2015	$ 98,000,000
Deferred Revenue, Recognized, 2016	24,000,000
Deferred Revenue, Recognized, 2017	19,000,000
Deferred Revenue, Recognized, 2018	18,000,000
Deferred Revenue, Recognized, 2019	12,000,000
Deferred Revenue, Recognized, Thereafter	19,000,000
Deferred Revenue, Total	136,000,000	$ 66,000,000	190,000,000	136,000,000
Movement in Deferred Revenue [Roll Forward]
Deferred Revenue, Period Beginning Balance	136,000,000	66,000,000
Additions	588,000,000	522,000,000
Amortization	(534,000,000)	(434,000,000)
Deferred Revenue, Reduction Due to Deconsolidation		(18,000,000)
Deferred Revenue, Period Ending Balance	190,000,000	136,000,000
Deferred Revenue, Noncurrent			92,000,000
Annual Listing Fee [Member]
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Total	0	0	0	0
Movement in Deferred Revenue [Roll Forward]
Deferred Revenue, Period Beginning Balance	0	0
Additions	358,000,000	330,000,000
Amortization	(358,000,000)	(330,000,000)
Deferred Revenue, Reduction Due to Deconsolidation		0
Deferred Revenue, Period Ending Balance	0	0
Original Listing Fee Revenues [Member]
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Recognized, 2015	7,000,000
Deferred Revenue, Recognized, 2016	7,000,000
Deferred Revenue, Recognized, 2017	7,000,000
Deferred Revenue, Recognized, 2018	7,000,000
Deferred Revenue, Recognized, 2019	6,000,000
Deferred Revenue, Recognized, Thereafter	16,000,000
Deferred Revenue, Total	35,000,000	7,000,000	50,000,000	35,000,000
Movement in Deferred Revenue [Roll Forward]
Deferred Revenue, Period Beginning Balance	35,000,000	7,000,000
Additions	20,000,000	31,000,000
Amortization	(5,000,000)	(3,000,000)
Deferred Revenue, Reduction Due to Deconsolidation		0
Deferred Revenue, Period Ending Balance	50,000,000	35,000,000
Other Listing Fee Revenues [Member]
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Recognized, 2015	15,000,000
Deferred Revenue, Recognized, 2016	15,000,000
Deferred Revenue, Recognized, 2017	11,000,000
Deferred Revenue, Recognized, 2018	10,000,000
Deferred Revenue, Recognized, 2019	6,000,000
Deferred Revenue, Recognized, Thereafter	2,000,000
Deferred Revenue, Total	46,000,000	3,000,000	59,000,000	46,000,000
Movement in Deferred Revenue [Roll Forward]
Deferred Revenue, Period Beginning Balance	46,000,000	3,000,000
Additions	29,000,000	47,000,000
Amortization	(16,000,000)	(4,000,000)
Deferred Revenue, Reduction Due to Deconsolidation		0
Deferred Revenue, Period Ending Balance	59,000,000	46,000,000
Market Data Fee and Other Revenues [Member]
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Recognized, 2015	76,000,000
Deferred Revenue, Recognized, 2016	2,000,000
Deferred Revenue, Recognized, 2017	1,000,000
Deferred Revenue, Recognized, 2018	1,000,000
Deferred Revenue, Recognized, 2019	0
Deferred Revenue, Recognized, Thereafter	1,000,000
Deferred Revenue, Total	55,000,000	56,000,000	$ 81,000,000	$ 55,000,000
Movement in Deferred Revenue [Roll Forward]
Deferred Revenue, Period Beginning Balance	55,000,000	56,000,000
Additions	181,000,000	114,000,000
Amortization	(155,000,000)	(97,000,000)
Deferred Revenue, Reduction Due to Deconsolidation		(18,000,000)
Deferred Revenue, Period Ending Balance	$ 81,000,000	$ 55,000,000

Debt (Details)

Debt (Details) € in Millions

Dec. 14, 2015USD ($)

Jun. 24, 2014USD ($)

Jun. 24, 2014EUR (€)

Apr. 03, 2014USD ($)

Dec. 24, 2013USD ($)

Dec. 20, 2013USD ($)

Nov. 13, 2013USD ($)

Oct. 31, 2013USD ($)

Oct. 16, 2013USD ($)

Oct. 11, 2013USD ($)

Oct. 08, 2013USD ($)

Nov. 30, 2011USD ($)

Sep. 30, 2015USD ($)

Sep. 30, 2015EUR (€)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Nov. 24, 2015USD ($)

Nov. 13, 2015USD ($)

Nov. 13, 2013EUR (€)

Jul. 12, 2013USD ($)

Line of Credit Facility [Line Items]

Debt Issuance Cost

$ 27,000,000

Line of Credit Facility, Maximum Borrowing Capacity

$ 3,400,000,000

Line of Credit Facility, Additional Borrowing Capacity

$ 3,000,000,000

1,000,000,000

Line of Credit Facility, Remaining Borrowing Capacity

$ 809,000,000

Credit Facility Funds Reserved For Clearing Operations

303,000,000

Line of Credit Facility, Commitment Fee Percentage

0.125%

Senior Notes

$ 400,000,000

Extinguishment of Debt, Amount

$ 2,600,000,000

Cash paid for interest

$ 123,000,000

$ 140,000,000

$ 32,000,000

Debt Instrument, Face Amount

$ 2,500,000,000

Commercial Paper

2,600,000,000

$ 2,591,000,000

$ 905,000,000

Commercial Paper, Weighted Average Interest Rate

0.60%

0.26%

Commercial Paper Weighted Average Maturity Period

19 days

24 days

Proceeds from sales of available-for-sale investments

$ 1,089,000,000

$ 54,000,000

16,000,000

Debt Issuance Cost, Weighted Average Life

6 years 10 months 24 days

Senior Unsecured Term Loan Facility [Member]

Line of Credit Facility [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

500,000,000

Unsecured Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

2,100,000,000

Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Repayments of Lines of Credit

$ 900,000,000

Long-term Line of Credit

$ 900,000,000

Three Sixty Four Day Unsecured Revolving Credit Agreement [Member]

Line of Credit Facility [Line Items]

Repayments of Lines of Credit

$ 450,000,000

Long-term Line of Credit, Noncurrent

0

Proceeds from Lines of Credit

$ 450,000,000

Line of Credit Facility, Current Borrowing Capacity

$ 600,000,000

2015 Three Hundred Sixty Four Day Unsecured Revolving Credit Facility [Member] [Member]

Line of Credit Facility [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 380,000,000

Line of Credit Facility, Commitment Fee Percentage

0.10%

Line of Credit Facility, Current Borrowing Capacity

$ 500,000,000

Interactive Data Credit Facility [Member]

Line of Credit Facility [Line Items]

Extinguishment of Debt, Amount

1,900,000,000

Minimum [Member]

Line of Credit Facility [Line Items]

Line of Credit Facility, Commitment Fee Percentage

0.08%

Commercial Paper Maturities

2 days

2 days

Minimum [Member] | 2015 Three Hundred Sixty Four Day Unsecured Revolving Credit Facility [Member] [Member]

Line of Credit Facility [Line Items]

Line of Credit Facility, Commitment Fee Percentage

0.07%

Maximum [Member]

Line of Credit Facility [Line Items]

Line of Credit Facility, Commitment Fee Percentage

0.20%

Commercial Paper Maturities

89 days

82 days

Maximum [Member] | 2015 Three Hundred Sixty Four Day Unsecured Revolving Credit Facility [Member] [Member]

Line of Credit Facility [Line Items]

Line of Credit Facility, Commitment Fee Percentage

0.175%

Federal Funds Effective Swap Rate [Member]

Line of Credit Facility [Line Items]

Debt Instrument, Basis Spread on Variable Rate

0.50%

London Interbank Offered Rate (LIBOR) [Member]

Line of Credit Facility [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.00%

Debt Instrument, Interest Rate, Effective Percentage Rate Range, Minimum

0.88%

Debt Instrument, Interest Rate, Effective Percentage Rate Range, Maximum

1.50%

Base Rate [Member]

Line of Credit Facility [Line Items]

Debt Instrument, Basis Spread on Variable Rate

0.50%

Debt Instrument, Interest Rate, Effective Percentage Rate Range, Minimum

0.00%

Interactive Data [Member]

Line of Credit Facility [Line Items]

Payments to Acquire Businesses, Gross

4,100,000,000

Interactive Data [Member] | Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Proceeds from Lines of Credit

$ 1,600,000,000

NYSE Euronext, Payoff Outstanding Commercial Paper Obligations and Other [Member] | Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Proceeds from Lines of Credit

500,000,000

NYSE Euronext, Cash Portion of Purchase Price [Member] | Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Proceeds from Lines of Credit

400,000,000

NYSE Euronext [Member]

Line of Credit Facility [Line Items]

Payments to Acquire Businesses, Gross

$ 2,700,000,000

NYSE Euronext [Member] | Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Proceeds from Lines of Credit

$ 400,000,000

ICE Clear Europe

Line of Credit Facility [Line Items]

Credit Facility Funds Reserved For Clearing Operations

150,000,000

ICE Clear Credit

Line of Credit Facility [Line Items]

Credit Facility Funds Reserved For Clearing Operations

100,000,000

ICE Clear Canada

Line of Credit Facility [Line Items]

Credit Facility Funds Reserved For Clearing Operations

3,000,000

Ice Clear Us [Member]

Line of Credit Facility [Line Items]

Credit Facility Funds Reserved For Clearing Operations

50,000,000

NYSE Euronext EUR Notes (5.375% senior unsecured notes due June 30, 2015)

Line of Credit Facility [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

5.375%

5.375%

Senior Notes

$ 1,100,000,000

€ 920

Four Point One Three Senior Notes [Member]

Line of Credit Facility [Line Items]

Senior Notes

$ 200,000,000

Line of Credit Facility, Interest Rate During Period

4.13%

Four Point Six Nine Senior Notes [Member]

Line of Credit Facility [Line Items]

Senior Notes

$ 200,000,000

Line of Credit Facility, Interest Rate During Period

4.69%

Private Senior Notes [Member]

Line of Credit Facility [Line Items]

Gains (Losses) on Extinguishment of Debt

$ 51,000,000

Early Repayment of Senior Debt

$ 450,000,000

NYSE Euronext USD Notes (2.0% senior unsecured notes due October 5, 2017)

Line of Credit Facility [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

2.00%

2.00%

Senior Notes

$ 850,000,000

Debt Instrument, Fair Value Disclosure

850,000,000

Amortization of Value of Business Acquired (VOBA)

23,000,000

$ 55,000,000

$ 7,000,000

Prepayment To Investors [Member] | Private Senior Notes [Member]

Line of Credit Facility [Line Items]

Gains (Losses) on Extinguishment of Debt

49,000,000

Write Off of Debt Issuance Costs [Member] | Private Senior Notes [Member]

Line of Credit Facility [Line Items]

Gains (Losses) on Extinguishment of Debt

$ 2,000,000

Commercial Paper [Member]

Line of Credit Facility [Line Items]

Extinguishment of Debt, Amount

$ 367,000,000

Commercial Paper [Member] | Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Repayments of Lines of Credit

$ 900,000,000

Commercial Paper [Member] | Three Sixty Four Day Unsecured Revolving Credit Agreement [Member]

Line of Credit Facility [Line Items]

Repayments of Lines of Credit

$ 450,000,000

Two Thousand Twenty Senior Notes [Member]

Line of Credit Facility [Line Items]

Debt Instrument, Face Amount

1,250,000,000

Senior Notes

$ 1,239,000,000

0

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

2.75%

Two Thousand Twenty Five Senior Notes [Member]

Line of Credit Facility [Line Items]

Debt Instrument, Face Amount

$ 1,250,000,000

Senior Notes

$ 1,240,000,000

$ 0

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

0.00%

2016 Senior Notes

Line of Credit Facility [Line Items]

Debt Instrument, Face Amount

$ 600,000,000

Debt Instrument, Interest Rate During Period

2.50%

Senior Notes Due Twenty Twenty Three [Member]

Line of Credit Facility [Line Items]

Debt Instrument, Face Amount

$ 800,000,000

Debt Instrument, Interest Rate During Period

4.00%

NYSE Euronext EUR Notes (5.375% senior unsecured notes due June 30, 2015)

Line of Credit Facility [Line Items]

Debt Instrument, Periodic Payment, Interest

$ 60,000,000

€ 49

Two Thousand Twenty and Twenty Thousand Twenty Five Senior Notes [Member] [Member]

Line of Credit Facility [Line Items]

Debt Issuance Cost

$ 19,000,000

Interactive Data Senior Notes [Member]

Line of Credit Facility [Line Items]

Extinguishment of Debt, Amount

$ 700,000,000

Term Deposits [Member] | NYSE Euronext [Member]

Line of Credit Facility [Line Items]

Proceeds from sales of available-for-sale investments

$ 1,200,000,000

€ 969

Future Event [Member]

Line of Credit Facility [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

2,950,000,000

Future Event [Member] | 2015 Three Hundred Sixty Four Day Unsecured Revolving Credit Facility [Member] [Member]

Line of Credit Facility [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

250,000,000

Reclassified [Member]

Line of Credit Facility [Line Items]

Debt Issuance Cost

$ 12,000,000

Debt (Debt Repayment) (Details)

Debt (Debt Repayment) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Debt Disclosure [Abstract]
2,014	$ 2,593
2,015	850
2,016	600
2,017	0
2,018	1,250
Thereafter	2,050
Long-term Debt, Excluding Fair Value Adjustment and Unamortized Discount	7,343
Debt Issuance Cost	(27)
Long-term Debt, Fair Value Adjustment and Unamortized Discount	(8)
Long-term debt	$ 7,308

Debt (Total Debt Schedule) (Det

Debt (Total Debt Schedule) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Nov. 30, 2011
Debt Instrument [Line Items]
Commercial Paper	$ 2,591	$ 905	$ 2,600
Short-term debt	2,591	2,042
Long term debt	4,717	2,235
Total debt	7,308	4,277
2018 Senior Notes (2.5% senior unsecured notes due October 15, 2018)
Debt Instrument [Line Items]
Senior Notes	597	595
Two Thousand Twenty Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	1,239	0
2023 Senior Notes (4.0% senior unsecured notes due October 15, 2023)
Debt Instrument [Line Items]
Senior Notes	789	787
Two Thousand Twenty Five Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	1,240	0
NYSE Euronext USD Notes (2.0% senior unsecured notes due October 5, 2017)
Debt Instrument [Line Items]
Senior Notes	852	853
Revolving Facility
Debt Instrument [Line Items]
Credit Facilities	$ 0	$ 1,137

Equity- Stock Option Activity (

Equity- Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Number of Stock Options [Roll Forward]
Outstanding, Number of options, Beginning balance	762,867	872,347	933,953
Granted, Number of options	176,467	154,202	152,361
Exercised, Number of options	(164,783)	(263,682)	(213,967)
Outstanding, Number of options, Ending balance	774,551	762,867	872,347
Weighted Average Exercise Price Per Option [Abstract]
Outstanding, Weighted average exercise price per share, Beginning Balance	$ 136.03	$ 97.92	$ 85.07
Granted, Weighted average exercise price per share	208	206.87	127.21
Exercised, Weighted average exercise price per share	102	51.86	62.67
Outstanding, Weighted average exercise price per share, Ending Balance	$ 160	$ 136.03	$ 97.92

Equity- Details of Stock Option

Equity- Details of Stock Options (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares
Equity [Abstract]
Number of Options, Vested or expected to vest | shares	774,551
Weighted Average Exercise Price, Vested or expected to vest | $ / shares	$ 160
Weighted Average Remaining Contractual Life, Vested or expected to vest	6 years 3 months 6 days
Aggregate Intrinsic Value, Vested or expected to vest | $	$ 75,000
Number of Options, Exercised | shares	539,973
Weighted Average Exercise Price, Exercised | $ / shares	$ 139
Weighted Average Remaining Contractual Life, Exercised	5 years 2 months 6 days
Aggregate Intrinsic Value, Exercised | $	$ 63,000

Equity- Valuation Assumptions (

Equity- Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Equity [Abstract]
Risk-free interest rate	1.08%	1.23%	0.53%
Expected life in years	5 years	5 years	4 years
Expected volatility	24.00%	27.00%	37.00%
Expected dividend yield	1.00%	1.00%	0.00%
Estimated weighted-average fair value of options granted per share	$ 40.94	$ 45.23	$ 38.41

Equity- Nonvested Restricted St

Equity- Nonvested Restricted Stock Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, Number of nonvested restricted shares, Beginning balance	1,070,995	1,234,552	878,086
Granted, Number of nonvested restricted shares	691,518	560,380	825,919
Exercised, Number of nonvested restricted shares	(436,561)	(655,292)	(426,025)
Expired/Forfeited, Number of nonvested restricted shares	(71,717)	(68,645)	(43,428)
Outstanding, Number of nonvested restricted shares, Ending balance	1,254,235	1,070,995	1,234,552
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Nonvested, Outstanding, Weighted average exercise price per share, Beginning Balance	$ 176.82	$ 147
Nonvested, Granted, Weighted average exercise price per share	210	204.92	$ 164.24
Nonvested, Exercised, Weighted average exercise price per share	160	146.14	113.02
Nonvested, Expired/Forfeited, Weighted average exercise price per share	170	162.83	125.81
Nonvested, Outstanding, Weighted average exercise price per share, Ending Balance	$ 199	$ 176.82	$ 147

Equity- Narrative (Details)

Equity- Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Nov. 13, 2013	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jan. 31, 2016	Jan. 31, 2015	Dec. 31, 2010
Class of Stock [Line Items]
Income (Loss) from Equity Method Investments			$ 7	$ 26
Share-based Compensation, Less Business Combination Related Costs			111	82	$ 56
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 96	$ 138	$ 62
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			691,518	560,380	825,919
Granted, Number of options			176,467	154,202	152,361
Stock-based compensation			$ 111	$ 97	$ 64
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense			16	28	17
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount			11	7	7
Tax benefits from stock option plans			$ 19	$ 26	8
Common Stock, Capital Shares Reserved for Future Issuance		3,500,000	3,500,000
Number of Options, Exercised		539,973	539,973
Weighted Average Exercise Price, Exercised		$ 139	$ 139
Share-Based Compensation, Performance Share Awards, Compensation Expense if Target Performance is Met			$ 40
Share-Based Compensation, Performance Share Awards, Shares Vesting if Target Performance is Met			165,462
Share Based Compensation, Performance Share Awards, Maximum Compensation Expense			$ 80		$ 31
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises			195,859	240,676	430,677
Treasury Stock, Shares, Retired	7,560,480
Treasury shares retired in connection with formation of ICE Group	$ 741
Repurchases of common stock, Shares				2,868,769	3,231,484
Repurchases of common stock			$ 660	$ 645
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 137	$ 137
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 199	$ 199	$ 176.82	$ 147			$ 113.25
Employee Stock Option [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			$ 22	$ 39	$ 24
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Share Based Compensation Arrangement By Share Based Payment Award Awards Exercise Period			10 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 7	$ 7
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			1 year 9 months 6 days
Number of Options, Exercised		539,973	539,973	561,844	689,046
Weighted Average Exercise Price, Exercised		$ 139	$ 139	$ 117	$ 90
Employee Stock Option [Member] | Minimum [Member]
Class of Stock [Line Items]
Stock Options Granted Expire Period			14 days
Employee Stock Option [Member] | Maximum [Member]
Class of Stock [Line Items]
Stock Options Granted Expire Period			60 days
Employee Stock Option [Member] | NYSE Euronext [Member]
Class of Stock [Line Items]
Granted, Number of options			3,644
Time Based And Performance Based Restricted Stock [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			691,518	560,380	586,317
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 112	$ 112
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			1 year 3 months 6 days
Time Based Restricted Units [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			374,357	385,897	249,670
Performance Based Restricted Stock Units [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			317,161
Stock-based compensation			$ 37	$ 9
Stock Granted, Value, Share-based Compensation, Net of Forfeitures			63
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Typical Vesting Period		3 years			3 years
Performance Based Restricted Stock Units [Member] | Maximum [Member] | Restricted Stock [Member]
Class of Stock [Line Items]
Share Based Compensation Arrangement By Share Based Payment Shares Reserved For Future Issuance					154,912		429,468
Performance Based Restricted Stock Units [Member] | Maximum [Member] | Subsequent Event [Member] | Restricted Stock [Member]
Class of Stock [Line Items]
Share Based Compensation Arrangement By Share Based Payment Shares Reserved For Future Issuance						330,924
Performance Based Restricted Stock Units Grant Twenty Thirteen [Member]
Class of Stock [Line Items]
Stock-based compensation			$ 10
NYSE Euronext Restricted Stock [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			239,488
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 197.80	$ 197.80
Additional Paid-in Capital [Member]
Class of Stock [Line Items]
Treasury shares retired in connection with formation of ICE Group	541
Retained Earnings [Member]
Class of Stock [Line Items]
Treasury shares retired in connection with formation of ICE Group	$ 200

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2010
Operating Loss Carryforwards [Line Items]
Statutory federal income tax rate	35.00%	35.00%	35.00%
Foreign, Deferred tax expense (benefit)	$ (61)	$ 2	$ (10)
Deferred Tax Liabilities. Non Current, Reclassifications		90
Undistributed Earnings of Foreign Subsidiaries	3,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	80	106
Deferred Tax Assets, Valuation Allowance	72	75	95	$ 11
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound	16
Decrease in Unrecognized Tax Benefits is Reasonably Possible	23
Unrecognized Tax Benefits	107	145	228	$ 34
Unrecognized Tax Benefits, Interest on Income Taxes Expense	12	4	$ 3
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	33	45
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	340	126
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	1,043	611
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	105	$ 77
Other Noncurrent Liabilities [Member]
Operating Loss Carryforwards [Line Items]
Unrecognized Tax Benefits	77
Other Current Liabilities [Member]
Operating Loss Carryforwards [Line Items]
Unrecognized Tax Benefits	30
UNITED KINGDOM
Operating Loss Carryforwards [Line Items]
Foreign, Deferred tax expense (benefit)	$ (60)
UNITED KINGDOM | Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Statutory federal income tax rate	20.00%
Effective April Seventeen Twenty Seventeen [Member] | UNITED KINGDOM | Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Statutory federal income tax rate	19.00%
Effective April One Twenty Twenty [Member] | UNITED KINGDOM | Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Statutory federal income tax rate	18.00%

Income Taxes- Income Before Inc

Income Taxes- Income Before Income Taxes and Income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Domestic, Income before income taxes	$ 824	$ 623	$ 81
Foreign, Income before income taxes	829	784	423
Income before income tax expense	1,653	1,407	504
Federal, Current tax expense	250	151	57
State, Current tax expense	46	61	25
Foreign, Current tax expense	170	169	137
Current tax expense	466	381	219
Federal, Deferred tax expense (benefit)	(7)	39	(20)
State, Deferred tax expense (benefit)	(40)	(20)	(5)
Foreign, Deferred tax expense (benefit)	(61)	2	(10)
Deferred tax expense (benefit)	(108)	21	(35)
Total income tax expense	$ 358	$ 402	$ 184

Income Taxes- Reconciliation of

Income Taxes- Reconciliation of US Statutory Federal Income Tax Rate To Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	35.00%	35.00%	35.00%
State and local income taxes, net of federal benefit	2.00%	3.00%	2.00%
Foreign tax rate differential	(7.00%)	(7.00%)	(10.00%)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	(4.00%)	0.00%	(1.00%)
Foreign tax law change	(3.00%)	1.00%	1.00%
Cetip investment impairment loss	0.00%	0.00%	9.00%
Other	(1.00%)	(3.00%)	1.00%
Total provision for income taxes	22.00%	29.00%	37.00%

Income Taxes- Reconciliation 78

Income Taxes- Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance of unrecognized tax benefits	$ 145	$ 228
Additions (reductions) related to acquisitions	7	0	$ 161
Additions based on tax positions related to current year	9	33	38
Additions based on tax positions related to prior years	34	1	5
Reductions related to divestitures (Euronext IPO)	0	(104)	0
Reductions based on tax positions related to prior years	(51)	(3)	(1)
Reductions resulting from statute of limitation lapses	(12)	(2)	(3)
Reductions related to settlements with taxing authorities	(25)	(8)	(6)
Ending balance of unrecognized tax benefits	$ 107	$ 145	$ 228

Income Taxes- Schedule of Defer

Income Taxes- Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2010
Income Tax Disclosure [Abstract]
Deferred Tax Liabilities, Gross	$ 3,479	$ 2,521
Deferred and stock-based compensation	160	168
Pension	100	111
Accrued expenses	58	70
Tax credits	59	11
NOL carryforward	259	156
Impairment losses	29	7
Other	67	60
Total	732	583
Valuation allowance	(72)	(75)	$ (95)	$ (11)
Total deferred tax assets, net of valuation allowance	660	508
Property and equipment	82	32
Acquired intangibles	3,397	2,430
Deferred Tax Liabilities, Unrealized Gains on Trading Securities	0	59
Total deferred tax liabilities	(2,819)	(2,013)
Net non-current deferred tax assets	18	15
Net non-current deferred tax liabilities	$ (2,837)	$ (2,028)

Income Taxes - Deferred Income

Income Taxes - Deferred Income Tax Valuation Allowance Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Beginning balance of deferred income tax valuation allowance	$ 75	$ 95
Additions charged to costs and expenses	1	0	$ 0
Additions charged against goodwill	1	0	84
Deductions	(5)	(20)	0
Ending balance of deferred income tax valuation allowance	$ 72	$ 75	$ 95

Clearing Organizations (Details

Clearing Organizations (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Principal Transaction Revenue [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 76,100
Net Notional Value Of Unsettled Contracts	2,400,000
Margin Deposits And Guaranty Funds Assets Received Or Pledged	87,200	$ 77,000
Contribution Of Own Cash To Guaranty Fund	250
Contribution Made Deposits Depleted	100
Restricted Cash and Cash Equivalents, Noncurrent	263	297
ICE Clear Europe
Principal Transaction Revenue [Line Items]
Contribution Of Own Cash To Guaranty Fund	150
Restricted Cash and Cash Equivalents, Noncurrent		$ 100
Cash Deposits	31,000
Cash Deposits Invested in Sovereign Debt	8,200
Futures and Options Products [Member]
Principal Transaction Revenue [Line Items]
Cash Deposits	25,000
ICE Clear Credit
Principal Transaction Revenue [Line Items]
Contribution Of Own Cash To Guaranty Fund	50
Cash Deposits	15,800
Cash Deposits Held in Federal Reserve Bank	7,200
Cash Deposits Under Reverse Purchase Agreements	5,700
Ice Clear Europe Cds Guaranty Fund [Member]
Principal Transaction Revenue [Line Items]
Contribution Of Own Cash To Guaranty Fund	50
To Be Utilized After Available Funds Of Defaulting	25
To Be Utilized Pro Rata Along With Other Non Defaulting	25
Ice Clear Us [Member]
Principal Transaction Revenue [Line Items]
Contribution Of Own Cash To Guaranty Fund	50
Otc European Cds Contracts [Member]
Principal Transaction Revenue [Line Items]
Cash Deposits	$ 6,000

Clearing Organizations (ICE Cle

Clearing Organizations (ICE Clearing Houses Schedules) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Clearing Organizations [Line Items]
Original margin	$ 46,245	$ 41,674
Guaranty Fund	4,924	5,784
Total	51,169	47,458
ICE Clear U.S.
Clearing Organizations [Line Items]
Original margin	3,882	4,285
Guaranty Fund	311	290
Total	4,193	4,575
ICE Clear Europe
Clearing Organizations [Line Items]
Original margin	28,454	23,291
Guaranty Fund	2,589	3,048
Total	31,043	26,339
ICE Clear Credit
Clearing Organizations [Line Items]
Original margin	13,750	14,056
Guaranty Fund	2,011	2,408
Total	15,761	16,464
TCC
Clearing Organizations [Line Items]
Original margin	159	42
Guaranty Fund	13	38
Total	$ 172	$ 80

Clearing Organizations (Assets

Clearing Organizations (Assets Pledged by Clearing Members as Original Margin and Guaranty Fund Deposits for ICE Clearing Houses) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
ICE Clear U.S. | Original Margin [Member]
Clearing Organizations [Line Items]
US Government Securities, at Carrying Value	$ 8,161	$ 6,972
Letter Of Credit	0	0
Total Original Margin	8,161	6,972
ICE Clear U.S. | Guaranty Fund [Member]
Clearing Organizations [Line Items]
Total Guaranty Fund	158	190
ICE Clear Europe | Original Margin [Member]
Clearing Organizations [Line Items]
US Government Securities, at Carrying Value	21,690	18,284
Letter Of Credit	0	0
Total Original Margin	21,690	18,284
ICE Clear Europe | Guaranty Fund [Member]
Clearing Organizations [Line Items]
Total Guaranty Fund	267	284
ICE Clear Credit | Original Margin [Member]
Clearing Organizations [Line Items]
US Government Securities, at Carrying Value	4,989	3,235
Letter Of Credit	0	0
Total Original Margin	4,989	3,235
ICE Clear Credit | Guaranty Fund [Member]
Clearing Organizations [Line Items]
Total Guaranty Fund	229	424
TCC | Original Margin [Member]
Clearing Organizations [Line Items]
US Government Securities, at Carrying Value	97	99
Letter Of Credit	381	4
Total Original Margin	478	103
TCC | Guaranty Fund [Member]
Clearing Organizations [Line Items]
Total Guaranty Fund	$ 61	$ 15

Commitments and Contingencies84

Commitments and Contingencies (Details) $ in Millions	1 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)	Jul. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Nov. 11, 2013Entity
Other Commitments [Line Items]
Other intangible assets, net			$ 10,758	$ 7,780	$ 9,323
Redeemable Noncontrolling Interest, Equity, Fair Value			35	40
Operating Leases, Rent Expense			$ 60	$ 82	$ 47
ICE Endex [Member]
Other Commitments [Line Items]
Repurchase Agreement, Maximum Repurchase Percentage			25.00%
Equity Method Investmetn, Ownership Percentage by External Investors			21.00%
NYSE AMEX OPTIONS [Member]
Other Commitments [Line Items]
Number of US Options Exchanges | Entity						2
Number of External Investors, Significant Equity Interest Sold | Entity						7
Equity Method Investment, Additional Interest Acquired	0.16	0.16
Payments to Acquire Businesses and Interest in Affiliates	$ 128	$ 129
NYSE BV [Member]
Other Commitments [Line Items]
Equity Method Investmetn, Ownership Percentage by External Investors			20.00%
ATG Americas Trading Group [Member]
Other Commitments [Line Items]
Equity Method Investmetn, Ownership Percentage by External Investors			80.00%

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Lease Payments (Details) $ in Millions	Dec. 31, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,014	$ 42
2,015	95
2,016	36
2,017	32
2,018	33
Thereafter	156
Total	$ 394

Pension and Other Benefit Pro86

Pension and Other Benefit Programs (Fair Value Of Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	$ 666	$ 718
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	139	456
Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	524	259
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	3	3
Cash
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	11	34
Cash | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	11	31
Cash | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
Cash | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	3
U.S. large-cap
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	244	226
U.S. large-cap | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	150
U.S. large-cap | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	244	76
U.S. large-cap | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
U.S. small-cap
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	69	107
U.S. small-cap | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	69
U.S. small-cap | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	69	38
U.S. small-cap | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
International
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	128	136
International | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	85
International | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	128	51
International | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	214	215
Fixed income securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	128	121
Fixed income securities | Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	83	94
Fixed income securities | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	$ 3	$ 0

Pension and Other Benefit Pro87

Pension and Other Benefit Programs (Benefit Obligations and Fair Value of Plan Assets) (Details) - USD ($) $ in Millions	2 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Change in benefit obligation:
Interest cost		$ 8	$ 8
Actuarial gain		(12)	35
Plan settlements			(55)
Change in plan assets:
Fair value of plan assets at acquisition date		718
Company contributions		10	51
Fair value of plan assets at end of year		666	718
U.S. Operations
Change in benefit obligation:
Benefit obligation at acquisition date		916	837
Interest cost	$ 5	34	37
Actuarial gain		(38)	146
Plan settlements		0	(55)
Benefits paid		(51)	(49)
Benefit obligation at year end	837	861	916
Change in plan assets:
Fair value of plan assets at acquisition date		718	735
Actual return on plan assets		(11)	36
Company contributions		10	51
Plan settlements		0	(55)
Benefits paid		(51)	(49)
Fair value of plan assets at end of year	$ 735	666	718
Funded status		(195)	(198)
Accumulated benefit obligation		861	916
Amounts recognized in the accompanying consolidated balance sheet:
Non-current liabilities		$ (195)	$ (198)

Pension and Other Benefit Pro88

Pension and Other Benefit Programs (Components of Pension Plan Expense (Benefit) (Details) - USD ($) $ in Millions	2 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Interest cost		$ 8	$ 8
Aggregate pension expense (benefit)		2	3
U.S. Operations
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 5	34	37
Estimated return on plan assets	(6)	(46)	(47)
Recognized actuarial gain	0	2	0
Settlement loss	0	0	4
Aggregate pension expense (benefit)	$ (1)	$ (10)	$ (6)

Pension and Other Benefit Pro89

Pension and Other Benefit Programs (Projected Plan Payments) (Details) - U.S. Operations $ in Millions	Dec. 31, 2015USD ($)
Defined Benefit Plan Disclosure [Line Items]
2,014	$ 50
2,015	50
2,016	49
2,017	49
2,018	49
Next 5 years	$ 246

Pension and Other Benefit Pro90

Pension and Other Benefit Programs (Change to US Operations SERP Benefit Obligation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actuarial gain	$ (12)	$ 35
Change in benefit obligation:
Interest cost	8	8
Defined Benefit Plan SERP Benefit Obligation Net Periodic Benefit Cost [Abstract]
Interest cost	8	8
Aggregate pension expense (benefit)	2	3
US Operations SERP
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actuarial gain	(3)	8
Change in benefit obligation:
Benefit obligation at acquisition date	73	73
Interest cost	2	3
Benefit obligation at year end	61	73
Funded status	(61)	(73)
Amounts recognized in the accompanying consolidated balance sheet:
Current liabilities	(9)	(11)
Non-current liabilities	(52)	(62)
Defined Benefit Plan SERP Benefit Obligation Net Periodic Benefit Cost [Abstract]
Interest cost	2	3
Defined Benefit Plan SERP Benefit Obligation Estimated Future Benefit Payments [Abstract]
Benefits paid	(11)	$ (11)
SERP
Defined Benefit Plan SERP Benefit Obligation Estimated Future Benefit Payments [Abstract]
2,014	9
2,015	8
2,016	7
2,017	5
2,018	5
Next 5 years	$ 19

Pension and Other Benefit Pro91

Pension and Other Benefit Programs (Weighted Average Assumptions) (Details)	2 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
U.S. Operations
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	4.60%	4.00%	3.80%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	6.50%	6.50%	6.50%
US Operations SERP
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	3.80%	3.40%	3.20%

Pension and Other Benefit Pro92

Pension and Other Benefit Programs (Benefit Obligation, Benefits Paid During the Period, Accrued Benefit Cost) (Details) - USD ($)	2 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic post-retirement benefit costs		$ 2,000,000	$ 3,000,000
Discount rate		4.10%	3.80%
Actuarial Determined Benefit Obligation
Interest cost		$ 8,000,000	$ 8,000,000
Actuarial gain		(12,000,000)	35,000,000
Defined Benefit Plan, Contributions by Plan Participants		3,000,000	3,000,000
Other current liabilities		(12,000,000)	(12,000,000)
Other Postretirement Benefit Plan, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic post-retirement benefit costs	$ 1,000,000	8,000,000	9,000,000
Actuarial Determined Benefit Obligation
Benefit obligation at the end of year		224,000,000	239,000,000
Benefits paid		(14,000,000)	(16,000,000)
Accrued employee benefits		$ (212,000,000)	$ (227,000,000)

Pension and Other Benefit Pro93

Pension and Other Benefit Programs (Payments Projected Based on Actuarial Assumptions) (Details) - Other Postretirement Benefit Plan, Defined Benefit [Member] $ in Millions	Dec. 31, 2015USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Anticipated Medicare Subsidy Receipts	$ 12
Defined Benefit Plan Postretirement Benefit Plans Estimated Future Benefit Payment [Abstract]
2,014	13
2,015	13
2,016	13
2,017	13
2,018	13
Next 5 years	$ 68

Pension and Other Benefit Pro94

Pension and Other Benefit Programs (Assumed Health Care Cost Trend) (Details) - U.S. Operations $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Health Care Cost Trend Rate Assumed for Next Fiscal Year	7.60%
Assumed Health Care Cost Trend Rate
Effect of post-retirement benefit obligation, Increase	$ 29
Effect of post-retirement benefit obligation, Decrease	(24)
Effect on total of service and interest cost components, Increase	1
Effect on total of service and interest cost components, Decrease	$ (1)

Pension and Other Benefit Pro95

Pension and Other Benefit Programs (Effect on Accumulated Other Comprehensive Income) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax	$ (1)
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax	119
Pension Plan, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax	(1)
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax	102
SERP
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax	0
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax	3
Other Postretirement Benefit Plan, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax	0
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax	$ 14

Pension and Other Benefit Pro96

Pension and Other Benefit Programs (Narrative) (Details)	2 Months Ended	12 Months Ended
	Dec. 31, 2013USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Defined Benefit Plan Disclosure [Line Items]
Document Period End Date		Dec. 31, 2015
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate		4.50%
2,014		$ 10,000,000
Defined Benefit Plan, Participants			2,725
Settlement Participants			935
Percentage of Participants, Settlement Acceptance			34.00%
Defined Benefit Plan, Settlements, Benefit Obligation			$ 55,000,000
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments			4,000,000
Defined Contribution Plan, Employer Matching Contribution of Eligible Employee Contributions, Percent		100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		6.00%
Defined Contribution Plan, Cost Recognized		$ 7,000,000	5,000,000	$ 4,000,000
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent		478,000,000	516,000,000
Company contributions		$ 10,000,000	51,000,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Match		100.00%
Net periodic post-retirement benefit costs		$ 2,000,000	$ 3,000,000
Discount rate		4.10%	3.80%
US Operations SESP [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		6.00%
US Operations SERP
Defined Benefit Plan Disclosure [Line Items]
Cash Surrender Value of Life Insurance		$ 51,000,000	$ 54,000,000
Benefits paid		$ 11,000,000	11,000,000
UK Operations SERP [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		7.00%
NYSE Defined Contribution Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Company contributions	$ 2,000,000	$ 9,000,000	20,000,000
US and UK Operations SESP [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Cost Recognized	2,000,000		2,000,000
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent		11,000,000
ICE Historical US Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Company contributions		5,000,000	4,000,000	$ 3,000,000
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefits paid		14,000,000	16,000,000
Net periodic post-retirement benefit costs	$ 1,000,000	8,000,000	$ 9,000,000
Anticipated Medicare Subsidy Receipts		$ 12,000,000
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations		65.00%
Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations		35.00%
Minimum [Member] | ICE Historical Subsidiaries [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		10.00%
Maximum [Member] | ICE Historical Subsidiaries [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		20.00%
Interactive Data [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		4.50%
Defined Contribution Plan, Minimum Annual Contributions Per Employee, Percent		6.00%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Nov. 13, 2013	Nov. 30, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Method Investment, Summarized Financial Information, Net Income (Loss)		$ 25
Senior Notes				$ 400
Equity Method Investments, Fair Value Disclosure	$ 449	374
Fair Value Assets Measured On Recurring Basis Equity Method And Cost Method Investments	116	53
Long-term investment in equity securities	299	379
U.S. Treasury securities	449	374
Mutual Funds	29	27
Total assets at fair value	777	780
Equity Method Investment, Capital Contribution	$ 60
Equity Method Investment, Ownership Percentage	40.00%
Equity Method Investment, Intra-Company Expenses Eliminated		1
Income (Loss) from Equity Method Investments	$ 7	26
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital	7
Committed Capital Contribution	200
Equity Method Investment, Committed Capital Contribution	80
2023 Senior Notes (4.0% senior unsecured notes due October 15, 2023)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unsecured Long-term Debt, Noncurrent	789	787
Debt Instrument, Fair Value Disclosure	838
NYSE Euronext USD Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unsecured Long-term Debt, Noncurrent	852	853
2018 Senior Notes (2.5% senior unsecured notes due October 15, 2018)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unsecured Long-term Debt, Noncurrent	597	595
Two Thousand Twenty Five Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unsecured Long-term Debt, Noncurrent	1,240	0
Two Thousand Twenty Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unsecured Long-term Debt, Noncurrent	1,239	0
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investment in equity securities	299	379
U.S. Treasury securities	449	374
Mutual Funds	29	27
Total assets at fair value	777	780
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investment in equity securities	0	0
U.S. Treasury securities	0	0
Mutual Funds	0	0
Total assets at fair value	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investment in equity securities	0	0
U.S. Treasury securities	0	0
Mutual Funds	0	0
Total assets at fair value	0	$ 0
Two Thousand Twenty Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Fair Value Disclosure	1,250
Two Thousand Twenty Five Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Fair Value Disclosure	1,260
Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Fair Value Disclosure	610
NYSE Euronext USD Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unsecured Long-term Debt, Noncurrent			$ 850
Debt Instrument, Fair Value Disclosure	$ 850

Discontinued Operations (Detail

Discontinued Operations (Details) $ / shares in Units, € in Millions, shares in Millions, $ in Millions	Dec. 09, 2014USD ($)shares	Dec. 09, 2014EUR (€)shares	Jun. 24, 2014USD ($)transactions$ / sharesshares	Jun. 24, 2014EUR (€)transactionsshares	Dec. 31, 2015USD ($)	Dec. 31, 2015EUR (€)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of Stock, Price Per Share, Euro | $ / shares			$ 20
Proceeds from sales of available-for-sale investments | $					$ 1,089		$ 54	$ 16
NYSE Euronext [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of Stock, Number of Shares Issued in Transaction | shares			65.8	65.8
Sale of Stock, Consideration Received on Transaction	$ 118	€ 95
Realized Gain (Loss) on Marketable Securities, Cost Method Investments, and Other Investments | $	$ 4
Sale of Stock, Percentage of Ownership Sold	6.00%	6.00%	94.00%	94.00%
Sale of Stock, Number of Transactions | transactions			3	3
NYFIX, Metabit, and Wombat [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations, External Advisory Costs | $							51	2
Discontinued Operations, Compensation and Severance Costs | $							$ 42	$ 19
Number of Shares, Total [Member] | NYSE Euronext [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of Stock, Number of Shares Issued in Transaction | shares	4.2	4.2
IPO [Member] | NYSE Euronext [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of Stock, Number of Shares Issued in Transaction | shares			42.2	42.2
Proceeds from sales of available-for-sale investments			$ 1,900	€ 1,400	2,100	€ 1,500
External Party Group A [Member] | NYSE Euronext [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of Stock, Number of Shares Issued in Transaction | shares			23.4	23.4
Sale of Stock, Price Per Share, Euro | $ / shares			$ 19.20
Employees [Member] | NYSE Euronext [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of Stock, Number of Shares Issued in Transaction | shares			0.2	0.2
Sale of Stock, Price Per Share, Euro | $ / shares			$ 16
Cash Distribution [Member] | NYSE Euronext [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of available-for-sale investments | $					$ 220

Discontinued Operations (Result

Discontinued Operations (Results of Discontinued Operations) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]
Total revenues, less transaction-based expenses		$ 347	$ 76
Compensation and benefits		105	29
Technology and communication		31	6
Professional services		31	6
Rent and occupancy		12	4
Acquisition-related transaction and integration costs		103	22
Selling, general, administrative		16	4
Depreciation and amortization		16	5
Total operating expenses		314	76
Operating income		33	0
Other income, net		5	(4)
Income tax expense		27	46
Income from discontinued operations, net of tax	$ 0	$ 11	$ (50)

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 627	$ 652	$ 961	$ 1,612	$ 1,612
Intercompany accounts receivable	0	0
Margin deposits and guaranty funds	51,169	47,458
Intercompany note receivable- short term	0	0
Other current assets	1,517	2,122
Total current assets	53,313	50,232
Property and equipment, net	1,037	874
Other non-current assets:
Goodwill and other intangible assets, net	22,837	16,315
Investment in subsidiary	0	0
Intercompany note receivable	0	0
Other Assets, Noncurrent, Condensed	800	833
Other non-current assets	238	157
Total other non-current assets	23,637	17,148
Total assets	77,987	68,254
Current liabilities:
Short-term debt	2,591	2,042
Margin deposits and guaranty funds	51,169	47,458
Intercompany payable	0	0
Note payable to affiliates	0	0
Other current liabilities	983	936
Total current liabilities	54,743	50,436
Non-current liabilities:
Noncurrent deferred tax liability, net	2,837	2,028
Long-term debt	4,717	2,235
Note payable to affiliates	0	0
Other non-current liabilities	3,652	3,026
Total non-current liabilities	8,369	5,261
Total liabilities	63,112	55,697
Redeemable non-controlling interest	35	165
Equity:
Total shareholders’ equity	14,808	12,360
Non-controlling interest in consolidated subsidiaries	32	32
Total shareholders’ equity	14,840	12,392	12,381	3,677
Total liabilities and equity	77,987	68,254
ICE Group, Inc. (Parent)
Current assets:
Cash and cash equivalents	1	6	2	0
Intercompany accounts receivable	3,176	2,793
Margin deposits and guaranty funds	0	0
Intercompany note receivable- short term	0	0
Other current assets	5	60
Total current assets	3,182	2,859
Property and equipment, net	0	0
Other non-current assets:
Goodwill and other intangible assets, net	0	0
Investment in subsidiary	21,120	13,682
Intercompany note receivable		0
Other Assets, Noncurrent, Condensed	20	13
Total other non-current assets	21,140	13,695
Total assets	24,322	16,554
Current liabilities:
Short-term debt	2,591	905
Margin deposits and guaranty funds	0	0
Intercompany payable	0	0
Note payable to affiliates	358	344
Other current liabilities	36	30
Total current liabilities	2,985	1,279
Non-current liabilities:
Long-term debt	3,865	1,382
Note payable to affiliates	2,629	1,516
Other non-current liabilities	35	17
Total non-current liabilities	6,529	2,915
Total liabilities	9,514	4,194
Redeemable non-controlling interest	0	0
Equity:
Total shareholders’ equity	14,808	12,360
Non-controlling interest in consolidated subsidiaries	0	0
Total shareholders’ equity	14,808	12,360
Total liabilities and equity	24,322	16,554
Subsidiary Guarantor - NYSE Euronext Holdings, LLC
Current assets:
Cash and cash equivalents	0	5	0	0
Intercompany accounts receivable	0	0
Margin deposits and guaranty funds	0	0
Intercompany note receivable- short term	705	313
Other current assets	0	1,173
Total current assets	705	1,491
Property and equipment, net	0	0
Other non-current assets:
Goodwill and other intangible assets, net	0	0
Investment in subsidiary	9,840	9,572
Intercompany note receivable	3,128	2,790
Other Assets, Noncurrent, Condensed	10	11
Total other non-current assets	12,978	12,373
Total assets	13,683	13,864
Current liabilities:
Short-term debt	0	1,137
Margin deposits and guaranty funds	0	0
Intercompany payable	1,784	1,933
Note payable to affiliates	0	0
Other current liabilities	0	0
Total current liabilities	1,784	3,070
Non-current liabilities:
Long-term debt	852	853
Note payable to affiliates	741	0
Other non-current liabilities	0	0
Total non-current liabilities	1,593	853
Total liabilities	3,377	3,923
Redeemable non-controlling interest	0	0
Equity:
Total shareholders’ equity	10,306	9,941
Non-controlling interest in consolidated subsidiaries	0	0
Total shareholders’ equity	10,306	9,941
Total liabilities and equity	13,683	13,864
Subsidiary Non-Guarantors
Current assets:
Cash and cash equivalents	626	641	959	1,612
Intercompany accounts receivable	0	529
Margin deposits and guaranty funds	51,169	47,458
Intercompany note receivable- short term	77	31
Other current assets	1,512	949
Total current assets	53,384	49,608
Property and equipment, net	1,037	874
Other non-current assets:
Goodwill and other intangible assets, net	22,837	16,315
Investment in subsidiary	0	0
Intercompany note receivable	3,370	1,516
Other Assets, Noncurrent, Condensed	770	809
Total other non-current assets	26,977	18,640
Total assets	81,398	69,122
Current liabilities:
Short-term debt	0	0
Margin deposits and guaranty funds	51,169	47,458
Intercompany payable	1,392	1,389
Note payable to affiliates	424	0
Other current liabilities	947	966
Total current liabilities	53,932	49,813
Non-current liabilities:
Long-term debt	0	0
Note payable to affiliates	3,128	2,790
Other non-current liabilities	3,617	3,009
Total non-current liabilities	6,745	5,799
Total liabilities	60,677	55,612
Redeemable non-controlling interest	35	165
Equity:
Total shareholders’ equity	20,654	13,313
Non-controlling interest in consolidated subsidiaries	32	32
Total shareholders’ equity	20,686	13,345
Total liabilities and equity	81,398	69,122
Consolidating Adjustments
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Intercompany accounts receivable	(3,176)	(3,322)
Margin deposits and guaranty funds	0	0
Intercompany note receivable- short term	(782)	(344)
Other current assets	0	(60)
Total current assets	(3,958)	(3,726)
Property and equipment, net	0	0
Other non-current assets:
Goodwill and other intangible assets, net	0	0
Investment in subsidiary	(30,960)	(23,254)
Intercompany note receivable	(6,498)	(4,306)
Other Assets, Noncurrent, Condensed	0	0
Total other non-current assets	(37,458)	(27,560)
Total assets	(41,416)	(31,286)
Current liabilities:
Short-term debt	0	0
Margin deposits and guaranty funds	0	0
Intercompany payable	(3,176)	(3,322)
Note payable to affiliates	(782)	(344)
Other current liabilities	0	(60)
Total current liabilities	(3,958)	(3,726)
Non-current liabilities:
Long-term debt	0	0
Note payable to affiliates	(6,498)	(4,306)
Other non-current liabilities	0	0
Total non-current liabilities	(6,498)	(4,306)
Total liabilities	(10,456)	(8,032)
Redeemable non-controlling interest	0	0
Equity:
Total shareholders’ equity	(30,960)	(23,254)
Non-controlling interest in consolidated subsidiaries	0	0
Total shareholders’ equity	(30,960)	(23,254)
Total liabilities and equity	$ (41,416)	$ (31,286)

Condensed Consolidating Stateme

Condensed Consolidating Statements of Income (Details) - USD ($) $ in Millions	3 Months Ended																12 Months Ended
	Dec. 31, 2015	[1]	Sep. 30, 2015	[1]	Jun. 30, 2015	[1]	Mar. 31, 2015	[1]	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Transaction and clearing fees, net																	$ 3,228	$ 3,144	$ 1,393
Market data fees																	871	691	246
Listing Fees and Other Revenue																	583	517	91
Revenues																	4,682	4,352	1,730
Transaction-based expenses																	1,344	1,260	132
Total revenues, less transaction-based expenses	$ (875)		$ (816)		$ (797)		$ (850)		$ (800)		$ (745)		$ (750)		$ (797)		(3,338)	(3,092)	(1,598)
Operating expenses:
Selling, general and administrative																	312	402	144
Depreciation and amortization																	374	333	156
Total other income (expense), net																	(97)	(41)	(286)
Income before income taxes																	1,653	1,407	504
Income tax expense (benefit)																	358	402	184
Equity earnings from subsidiaries																	0	0	0
Income from continuing operations																	(1,295)	(1,005)	(320)
Income from discontinued operations, net of tax									0	[2]	10	[2]	(8)	[2]	(13)	[2]		(11)	50
Net income (loss)																	(1,295)	(1,016)	(270)
Net income attributable to non-controlling interest																	(21)	(35)	(16)
Net income (loss) attributable to ICE Group, Inc.	(370)		(306)		(283)		(315)		(288)		(206)		(226)		(261)		(1,274)	(981)	(254)
Labor and Related Expense																	611	592	302
Technology Services Costs																	203	188	63
Acquisition-related transaction and integration costs																	88	129	143
Operating Expenses																	1,588	1,644	808
Operating Income (Loss)	$ 418		$ 440		$ 430		$ 462		$ 400		$ 330		$ 327		$ 391		1,750	1,448	790
ICE Group, Inc. (Parent)
Revenues:
Transaction and clearing fees, net																	0	0	0
Market data fees																	0	0	0
Listing Fees and Other Revenue																	0	0	0
Revenues																	0	0	0
Transaction-based expenses																	0	0	0
Total revenues, less transaction-based expenses																	0	0	0
Operating expenses:
Selling, general and administrative																	1	1	0
Depreciation and amortization																	0	0	0
Total other income (expense), net																	(44)	(17)	(11)
Income before income taxes																	(58)	(19)	(11)
Income tax expense (benefit)																	0	(2)	(4)
Equity earnings from subsidiaries																	1,332	998	261
Income from continuing operations																		(981)	(254)
Income from discontinued operations, net of tax																		0	0
Net income (loss)																	(1,274)	(981)	(254)
Net income attributable to non-controlling interest																	0	0	0
Net income (loss) attributable to ICE Group, Inc.																	(1,274)	(981)	(254)
Labor and Related Expense																	1	1	0
Technology Services Costs																	0	0	0
Acquisition-related transaction and integration costs																	12	0	0
Operating Expenses																	14	2	0
Operating Income (Loss)																	(14)	(2)	0
Subsidiary Guarantor - NYSE Euronext Holdings, LLC
Revenues:
Transaction and clearing fees, net																	0	0	0
Market data fees																	0	0	0
Listing Fees and Other Revenue																	0	0	0
Revenues																	0	0	0
Transaction-based expenses																	0	0	0
Total revenues, less transaction-based expenses																	0	0	0
Operating expenses:
Selling, general and administrative																	0	0	0
Depreciation and amortization																	0	0	0
Total other income (expense), net																	(23)	(45)	(3)
Income before income taxes																	(23)	(57)	(3)
Income tax expense (benefit)																	0	0	0
Equity earnings from subsidiaries																	417	535	(17)
Income from continuing operations																		(478)	20
Income from discontinued operations, net of tax																		0	0
Net income (loss)																	(394)	(478)	20
Net income attributable to non-controlling interest																	0	0	0
Net income (loss) attributable to ICE Group, Inc.																	(394)	(478)	20
Labor and Related Expense																	0	0	0
Technology Services Costs																	0	0	0
Acquisition-related transaction and integration costs																	0	12	0
Operating Expenses																	0	12	0
Operating Income (Loss)																	0	(12)	0
Subsidiary Non-Guarantors
Revenues:
Transaction and clearing fees, net																	3,228	3,144	1,393
Market data fees																	871	691	246
Listing Fees and Other Revenue																	583	517	91
Revenues																	4,682	4,352	1,730
Transaction-based expenses																	1,344	1,260	132
Total revenues, less transaction-based expenses																	(3,338)	(3,092)	(1,598)
Operating expenses:
Selling, general and administrative																	311	401	144
Depreciation and amortization																	374	333	156
Total other income (expense), net																	(30)	21	(272)
Income before income taxes																	1,734	1,483	518
Income tax expense (benefit)																	358	404	188
Equity earnings from subsidiaries																	0	0	0
Income from continuing operations																		(1,079)	(330)
Income from discontinued operations, net of tax																		(11)	50
Net income (loss)																	(1,376)	(1,090)	(280)
Net income attributable to non-controlling interest																	(21)	(35)	(16)
Net income (loss) attributable to ICE Group, Inc.																	(1,355)	(1,055)	(264)
Labor and Related Expense																	610	591	302
Technology Services Costs																	203	188	63
Acquisition-related transaction and integration costs																	76	117	143
Operating Expenses																	1,574	1,630	808
Operating Income (Loss)																	1,764	1,462	790
Consolidating Adjustments
Revenues:
Transaction and clearing fees, net																	0	0	0
Market data fees																	0	0	0
Listing Fees and Other Revenue																	0	0	0
Revenues																	0	0	0
Transaction-based expenses																	0	0	0
Total revenues, less transaction-based expenses																	0	0	0
Operating expenses:
Selling, general and administrative																	0	0	0
Depreciation and amortization																	0	0	0
Total other income (expense), net																	0	0	0
Income before income taxes																	0	0	0
Income tax expense (benefit)																	0	0	0
Equity earnings from subsidiaries																	(1,749)	(1,533)	(244)
Income from continuing operations																		1,533	244
Income from discontinued operations, net of tax																		0	0
Net income (loss)																	1,749	1,533	244
Net income attributable to non-controlling interest																	0	0	0
Net income (loss) attributable to ICE Group, Inc.																	1,749	1,533	244
Labor and Related Expense																	0	0	0
Technology Services Costs																	0	0	0
Acquisition-related transaction and integration costs																	0	0	0
Operating Expenses																	0	0	0
Operating Income (Loss)																	$ 0	$ 0	$ 0
[1]	We acquired Interactive Data on December 14, 2015 and Trayport on December 11, 2015 and have included their results with our consolidated results above effective from the acquisition date (Note 3).
[2]	The results of Euronext and NYSE Technologies have been presented above as discontinued operations through the date of their dispositions during the year ended December 31, 2014 (Note 16).

Condensed Consolidating Stat102

Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Income Statements, Captions [Line Items]
Net income	$ 1,295	$ 1,016	$ 270
Other comprehensive income (loss):
Foreign currency translation adjustments	(58)	(130)	70
Change in fair value of net investment hedge	0	21	(19)
Change in fair value of available-for-sale-securities	(81)	55	(67)
Comprehensive income from equity method investment	2	0	0
Reclassification of losses realized on available-for-sale securities to other expense	0	0	190
Employee benefit plan adjustments	(5)	(117)	3
Total other comprehensive income (loss)	(142)	(171)	177
Comprehensive income of subsidiaries	0	0	0
Comprehensive income	1,153	845	447
Comprehensive income attributable to non-controlling interests	(21)	(35)	(16)
Comprehensive income attributable to ICE Group, Inc.	1,132	810	431
ICE Group, Inc. (Parent)
Condensed Income Statements, Captions [Line Items]
Net income	1,274	981	254
Other comprehensive income (loss):
Foreign currency translation adjustments	0	0	0
Change in fair value of net investment hedge		0	0
Change in fair value of available-for-sale-securities	0	0	0
Comprehensive income from equity method investment	0
Reclassification of losses realized on available-for-sale securities to other expense			0
Employee benefit plan adjustments	0	0	0
Total other comprehensive income (loss)	0	0	0
Comprehensive income of subsidiaries	(142)	1,362	411
Comprehensive income	1,132	2,343	665
Comprehensive income attributable to non-controlling interests	0	0	0
Comprehensive income attributable to ICE Group, Inc.	1,132	2,343	665
Subsidiary Non-Guarantors
Condensed Income Statements, Captions [Line Items]
Net income	1,376	1,090	280
Other comprehensive income (loss):
Foreign currency translation adjustments	(58)	(131)	70
Change in fair value of net investment hedge		21	0
Change in fair value of available-for-sale-securities	(81)	55	(67)
Comprehensive income from equity method investment	2
Reclassification of losses realized on available-for-sale securities to other expense			190
Employee benefit plan adjustments	(5)	(117)	3
Total other comprehensive income (loss)	(142)	(172)	196
Comprehensive income of subsidiaries	0	0	0
Comprehensive income	1,234	918	476
Comprehensive income attributable to non-controlling interests	(21)	(35)	(16)
Comprehensive income attributable to ICE Group, Inc.	1,213	883	460
Consolidating Adjustments
Condensed Income Statements, Captions [Line Items]
Net income	(1,749)	(1,533)	(244)
Other comprehensive income (loss):
Foreign currency translation adjustments	0	0	0
Change in fair value of net investment hedge		0	0
Change in fair value of available-for-sale-securities	0	0	0
Comprehensive income from equity method investment	0
Reclassification of losses realized on available-for-sale securities to other expense			0
Employee benefit plan adjustments	0	0	0
Total other comprehensive income (loss)	0	0	0
Comprehensive income of subsidiaries	160	(1,547)	(721)
Comprehensive income	(1,589)	(3,080)	(965)
Comprehensive income attributable to non-controlling interests	0	0	0
Comprehensive income attributable to ICE Group, Inc.	(1,589)	(3,080)	(965)
Subsidiary Guarantor - NYSE Euronext Holdings, LLC
Condensed Income Statements, Captions [Line Items]
Net income	394	478	(20)
Other comprehensive income (loss):
Foreign currency translation adjustments	0	1	0
Change in fair value of net investment hedge		0	(19)
Change in fair value of available-for-sale-securities	0	0	0
Comprehensive income from equity method investment	0
Reclassification of losses realized on available-for-sale securities to other expense			0
Employee benefit plan adjustments	0	0	0
Total other comprehensive income (loss)	0	1	(19)
Comprehensive income of subsidiaries	(18)	185	310
Comprehensive income	376	664	271
Comprehensive income attributable to non-controlling interests	0	0	0
Comprehensive income attributable to ICE Group, Inc.	$ 376	$ 664	$ 271

Condensed Consolidating Stat103

Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2010
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 1,311	$ 1,463	$ 714
Cash flows from investing activities:
Increase in restricted cash	(294)	(161)	(75)
Cash paid for acquisitions, net of cash acquired	(3,751)	(577)	(2,241)
Loans to subsidiaries	0	0	0
Proceeds for (Purchases of) Available for Sale Investments	(60)	2,274	(26)
Proceeds from/(purchases of) term deposits	1,084
Expenditures on of Other Deposits		(1,250)
Capital expenditures and capitalized software development costs	(277)	(250)	(179)
Net cash provided by (used in) investing activities	(3,298)	36	(2,521)
Cash flows from financing activities:
Proceeds from Issuance of Debt	4,158	552	3,833
Repayments of Debt, Including Debt Issuance Costs	1,028		2,464
Loans to/from parent	0	0	0
Payments of Dividends	(331)	(299)	(75)
Dividends received from subsidiaries	0	0	0
Purchase of subsidiary shares from non-controlling interest	(128)	(129)	(40)
Repurchases of common stock	(660)	(645)	0
Proceeds from (Payments for) Other Financing Activities, Condensed	(35)	(48)	(135)
Net cash provided by (used in) financing activities	1,976	(1,673)	1,119
Net Cash Provided by (Used in) Discontinued Operations		(114)	19
Effect of exchange rate changes on cash and cash equivalents	(14)	(21)	18
Net increase in cash and cash equivalents	(25)	(309)	(651)
Cash and cash equivalents, beginning of year	627	652	961	$ 1,612	$ 1,612
ICE Group, Inc. (Parent)
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(162)	(350)	65
Cash flows from investing activities:
Increase in restricted cash	5	0	0
Cash paid for acquisitions, net of cash acquired	(3,751)	0	(2,742)
Loans to subsidiaries	(383)	0	0
Proceeds for (Purchases of) Available for Sale Investments	0	0	0
Proceeds from/(purchases of) term deposits	0	0
Capital expenditures and capitalized software development costs	0	0	0
Net cash provided by (used in) investing activities	(4,129)	0	(2,742)
Cash flows from financing activities:
Proceeds from Issuance of Debt	4,158	174	2,473
Repayments of Debt, Including Debt Issuance Costs	0		13
Loans to/from parent	1,127	1,502	358
Payments of Dividends	(331)	(299)	(75)
Dividends received from subsidiaries	0	0	0
Purchase of subsidiary shares from non-controlling interest	0	0	0
Repurchases of common stock	(660)	(645)
Proceeds from (Payments for) Other Financing Activities, Condensed	(8)	(30)	(64)
Net cash provided by (used in) financing activities	4,286	354	2,679
Net Cash Provided by (Used in) Discontinued Operations		0	0
Effect of exchange rate changes on cash and cash equivalents	0	0	0
Net increase in cash and cash equivalents	(5)	4	2
Cash and cash equivalents, beginning of year	1	6	2	0
Subsidiary Guarantor - NYSE Euronext Holdings, LLC
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	77	4,651	111
Cash flows from investing activities:
Increase in restricted cash	0	0	0
Cash paid for acquisitions, net of cash acquired	0	0	0
Loans to subsidiaries	(730)	(3,103)	0
Proceeds for (Purchases of) Available for Sale Investments	0		0
Proceeds from/(purchases of) term deposits	1,084
Expenditures on of Other Deposits		(1,304)
Capital expenditures and capitalized software development costs	0	0	0
Net cash provided by (used in) investing activities	354	(4,407)	0
Cash flows from financing activities:
Proceeds from Issuance of Debt	0	0	0
Repayments of Debt, Including Debt Issuance Costs	1,028		350
Loans to/from parent	592	(239)	239
Payments of Dividends	0	0	0
Dividends received from subsidiaries	0	0	0
Purchase of subsidiary shares from non-controlling interest	0	0	0
Repurchases of common stock	0	0
Proceeds from (Payments for) Other Financing Activities, Condensed	0	0	0
Net cash provided by (used in) financing activities	(436)	(239)	(111)
Net Cash Provided by (Used in) Discontinued Operations		0	0
Effect of exchange rate changes on cash and cash equivalents	0	0	0
Net increase in cash and cash equivalents	(5)	5	0
Cash and cash equivalents, beginning of year	0	5	0	0
Subsidiary Non-Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	1,518	(2,399)	820
Cash flows from investing activities:
Increase in restricted cash	(299)	(161)	(75)
Cash paid for acquisitions, net of cash acquired	0	(577)	501
Loans to subsidiaries	(1,371)	(950)	(597)
Proceeds for (Purchases of) Available for Sale Investments	(60)	2,274	(26)
Proceeds from/(purchases of) term deposits	0	54
Capital expenditures and capitalized software development costs	(277)	(250)	(179)
Net cash provided by (used in) investing activities	(2,007)	390	(376)
Cash flows from financing activities:
Proceeds from Issuance of Debt	0	378	1,360
Repayments of Debt, Including Debt Issuance Costs	0		2,101
Loans to/from parent	765	2,790	0
Payments of Dividends	0	0	0
Dividends received from subsidiaries	(122)	(439)	(282)
Purchase of subsidiary shares from non-controlling interest	(128)	(129)	(40)
Repurchases of common stock	0	0
Proceeds from (Payments for) Other Financing Activities, Condensed	(27)	(18)	(71)
Net cash provided by (used in) financing activities	488	1,826	(1,134)
Net Cash Provided by (Used in) Discontinued Operations		(114)	19
Effect of exchange rate changes on cash and cash equivalents	(14)	(21)	18
Net increase in cash and cash equivalents	(15)	(318)	(653)
Cash and cash equivalents, beginning of year	626	641	959	1,612
Consolidating Adjustments
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(122)	(439)	(282)
Cash flows from investing activities:
Increase in restricted cash	0	0	0
Cash paid for acquisitions, net of cash acquired	0	0	0
Loans to subsidiaries	2,484	4,053	597
Proceeds for (Purchases of) Available for Sale Investments	0	0	0
Proceeds from/(purchases of) term deposits	0	0
Capital expenditures and capitalized software development costs	0	0	0
Net cash provided by (used in) investing activities	2,484	4,053	597
Cash flows from financing activities:
Proceeds from Issuance of Debt	0	0	0
Repayments of Debt, Including Debt Issuance Costs	0		0
Loans to/from parent	(2,484)	(4,053)	(597)
Payments of Dividends	0	0	0
Dividends received from subsidiaries	122	439	282
Purchase of subsidiary shares from non-controlling interest	0	0	0
Repurchases of common stock	0	0
Proceeds from (Payments for) Other Financing Activities, Condensed	0	0	0
Net cash provided by (used in) financing activities	(2,362)	(3,614)	(315)
Net Cash Provided by (Used in) Discontinued Operations		0	0
Effect of exchange rate changes on cash and cash equivalents	0	0	0
Net increase in cash and cash equivalents	0	0	0
Cash and cash equivalents, beginning of year	$ 0	$ 0	$ 0	$ 0

Geographical Information (Detai

Geographical Information (Details) - USD ($) $ in Millions	3 Months Ended												12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015	[1]	Jun. 30, 2015	[1]	Mar. 31, 2015	[1]	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Revenues, less transaction-based expenses	$ 875	[1]	$ 816		$ 797		$ 850		$ 800	$ 745	$ 750	$ 797	$ 3,338	$ 3,092	$ 1,598
Assets, Net	14,875								12,557				14,875	12,557
Assets	77,987								68,254				77,987	68,254
Property and equipment, net	1,037								874				1,037	874
UNITED STATES
Segment Reporting Information [Line Items]
Revenues, less transaction-based expenses													1,971	1,859	842
Assets, Net	7,915								5,437				7,915	5,437
Property and equipment, net	888								734				888	734
United Kingdom, Continental Europe, and Canada [Member]
Segment Reporting Information [Line Items]
Revenues, less transaction-based expenses													1,367	1,233	$ 756
Assets, Net	6,960								7,120				6,960	7,120
Property and equipment, net	$ 149								$ 140				$ 149	$ 140
[1]	We acquired Interactive Data on December 14, 2015 and Trayport on December 11, 2015 and have included their results with our consolidated results above effective from the acquisition date (Note 3).

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ in Millions	Dec. 14, 2015	Dec. 11, 2015	Nov. 13, 2013	Dec. 31, 2015	Dec. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount				167,000	155,000
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount				45,000	88,000
TRAYPORT [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Shares		2,500,000
NYSE Euronext [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares			42,400,000
Equity interest issued			$ 8,300
Interactive Data [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Shares	6,500,000

Earnings Per Common Share (Reco

Earnings Per Common Share (Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended																12 Months Ended
	Dec. 31, 2015	[1]	Sep. 30, 2015	[1]	Jun. 30, 2015	[1]	Mar. 31, 2015	[1]	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest																	$ 1,295	$ 1,005	$ 320
Basic:
Net income attributable to IntercontinentalExchange Group, Inc.	$ 370		$ 306		$ 283		$ 315		$ 288		$ 206		$ 226		$ 261		$ 1,274	$ 981	$ 254
Weighted average common shares outstanding																	111	114	78
Basic earnings per common share									$ 2,560,000	[2]	$ 1,810,000	[2]	$ 1,960,000	[2]	$ 2,280,000	[2]	$ 11.45	$ 8.60	$ 3.24
Effect of dilutive securities:
Stock options and restricted stock																	1	1	1
Diluted weighted average common shares outstanding																	112	115	79
Diluted earnings per common share									$ 2,540,000	[2]	$ 1,800,000	[2]	$ 1,950,000	[2]	$ 2,270,000	[2]	$ 11.39	$ 8.55	$ 3.21
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest																	$ (21)	$ (35)	$ (16)
Income (Loss) from Continuing Operations Attributable to Parent									$ 288		$ 216		$ 218		$ 248		1,274	970	304
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent									$ 0	[3]	$ (10)	[3]	$ 8	[3]	$ 13	[3]		11	(50)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest																	$ 0	$ 11	$ (50)
Income (Loss) from Continuing Operations, Per Basic Share	$ 3,310,000	[2]	$ 2,770,000	[2]	$ 2,550,000	[2]	$ 2,810,000	[2]	$ 2,560,000	[2]	$ 1,900,000	[2]	$ 1,890,000	[2]	$ 2,160,000	[2]	$ 11.45	$ 8.50	$ 3.88
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share											(90,000)	[2],[3]	70,000	[2],[3]	120,000	[2],[3]	0	0.10	(0.64)
Income (Loss) from Continuing Operations, Per Diluted Share	$ 3,290,000	[2]	$ 2,760,000	[2]	$ 2,540,000	[2]	$ 2,800,000	[2]	$ 2,540,000	[2]	1,890,000	[2]	1,880,000	[2]	2,150,000	[2]	11.39	8.46	3.84
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share											$ (90,000)	[2],[3]	$ 70,000	[2],[3]	$ 120,000	[2],[3]	$ 0	$ 0.09	$ (0.63)
[1]	We acquired Interactive Data on December 14, 2015 and Trayport on December 11, 2015 and have included their results with our consolidated results above effective from the acquisition date (Note 3).
[2]	The annual earnings per common share may not equal the sum of the individual quarter’s earnings per common share due to rounding, and, during the year ended December 31, 2015, due to the 6.5 million and 2.5 million shares of our common stock issued to Interactive Data and Trayport stockholders, respectively, in connection with our acquisitions, weighted to show these additional shares outstanding for the period from the acquisition dates to December 31, 2015.
[3]	The results of Euronext and NYSE Technologies have been presented above as discontinued operations through the date of their dispositions during the year ended December 31, 2014 (Note 16).

Quarterly Financial Data (Detai

Quarterly Financial Data (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Nov. 13, 2013	Dec. 31, 2015	[1]	Sep. 30, 2015	[1]	Jun. 30, 2015	[1]	Mar. 31, 2015	[1]	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Effect of Fourth Quarter Events [Line Items]
Revenues, less transaction-based expenses		$ 875		$ 816		$ 797		$ 850		$ 800		$ 745		$ 750		$ 797		$ 3,338	$ 3,092	$ 1,598
Operating income		418		440		430		462		400		330		327		391		1,750	1,448	790
Income (Loss) from Continuing Operations Attributable to Parent										288		216		218		248		1,274	970	304
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent										0	[2]	(10)	[2]	8	[2]	13	[2]		11	(50)
Net income attributable to IntercontinentalExchange Group, Inc.		$ 370		$ 306		$ 283		$ 315		$ 288		$ 206		$ 226		$ 261		$ 1,274	$ 981	$ 254
Income (Loss) from Continuing Operations, Per Basic Share		$ 3,310,000	[3]	$ 2,770,000	[3]	$ 2,550,000	[3]	$ 2,810,000	[3]	$ 2,560,000	[3]	$ 1,900,000	[3]	$ 1,890,000	[3]	$ 2,160,000	[3]	$ 11.45	$ 8.50	$ 3.88
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share												(90,000)	[2],[3]	70,000	[2],[3]	120,000	[2],[3]	0	0.10	(0.64)
Earnings per common share:
Basic										2,560,000	[3]	1,810,000	[3]	1,960,000	[3]	2,280,000	[3]	11.45	8.60	3.24
Income (Loss) from Continuing Operations, Per Diluted Share		$ 3,290,000	[3]	$ 2,760,000	[3]	$ 2,540,000	[3]	$ 2,800,000	[3]	2,540,000	[3]	1,890,000	[3]	1,880,000	[3]	2,150,000	[3]	11.39	8.46	3.84
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share												(90,000)	[2],[3]	70,000	[2],[3]	120,000	[2],[3]	0	0.09	(0.63)
Diluted										$ 2,540,000	[3]	$ 1,800,000	[3]	$ 1,950,000	[3]	$ 2,270,000	[3]	$ 11.39	$ 8.55	$ 3.21
NYSE Euronext [Member]
Earnings per common share:
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	42.4
[1]	We acquired Interactive Data on December 14, 2015 and Trayport on December 11, 2015 and have included their results with our consolidated results above effective from the acquisition date (Note 3).
[2]	The results of Euronext and NYSE Technologies have been presented above as discontinued operations through the date of their dispositions during the year ended December 31, 2014 (Note 16).
[3]	The annual earnings per common share may not equal the sum of the individual quarter’s earnings per common share due to rounding, and, during the year ended December 31, 2015, due to the 6.5 million and 2.5 million shares of our common stock issued to Interactive Data and Trayport stockholders, respectively, in connection with our acquisitions, weighted to show these additional shares outstanding for the period from the acquisition dates to December 31, 2015.