v3.26.1
GOODWILL AND INTANGIBLE ASSETS, NET
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
The following table shows the changes in our goodwill balances from December 31, 2025 to June 30, 2026:
(in millions)IndexAnalyticsSustainability and ClimateAll Other - Private AssetsTotal
Goodwill at December 31, 2025$1,231.1 $296.9 $86.3 $1,309.1 $2,923.4 
Acquisitions1
42.4 — — 11.6 54.0 
Foreign exchange translation adjustment(2.3)— (0.5)(0.4)(3.2)
Goodwill at June 30, 2026$1,271.2 $296.9 $85.8 $1,320.3 $2,974.2 
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1Reflects the opening balance sheet impacts of the acquisitions of Vantager, Compass and PM Insights.
Intangible Assets, Net
The following table presents the amount of amortization expense related to intangible assets by category for the periods indicated:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in millions)2026202520262025
Amortization expense of acquired intangible assets$20.9 $24.2 $40.5 $50.0 
Amortization expense of internally developed capitalized software22.9 19.5 45.2 37.6 
Total amortization of intangible assets expense$43.8 $43.7 $85.7 $87.6 
The gross carrying and accumulated amortization amounts related to the Company’s intangible assets were as follows:
June 30, 2026December 31, 2025
(in millions)Gross intangible assetsAccumulated amortizationNet intangible assetsGross intangible assetsAccumulated amortizationNet intangible assets
Customer relationships$723.0 $(416.1)$306.9 $716.2 $(406.7)$309.5 
Proprietary data470.2 (167.0)303.2 455.6 (147.5)308.1 
Acquired technology and software285.9 (222.5)63.4 258.2 (213.7)44.5 
Trademarks209.1 (192.0)17.1 209.1 (189.9)19.2 
Internally developed capitalized software465.7 (300.4)165.3 407.7 (256.5)151.2 
Total$2,153.9 $(1,298.0)$855.9 $2,046.8 $(1,214.3)$832.5 
The following table presents the estimated amortization expense for the remainder of the year ending December 31, 2026 and succeeding years:    
Years Ending December 31,
(in millions)
Amortization
Expense
Remainder of 2026$85.9 
2027147.6 
2028116.7 
202984.7 
203073.4 
Thereafter347.6 
Total$855.9