| 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) | | Index | | Analytics | | Sustainability and Climate | | All Other - Private Assets | | Total | | 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 | | | | | | | | | | | | |
___________________________ 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) | | 2026 | | 2025 | | 2026 | | 2025 | | Amortization expense of acquired intangible assets | | $ | 20.9 | | | $ | 24.2 | | | $ | 40.5 | | | $ | 50.0 | | | Amortization expense of internally developed capitalized software | | 22.9 | | | 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, 2026 | | December 31, 2025 | | (in millions) | | Gross intangible assets | | Accumulated amortization | | Net intangible assets | | Gross intangible assets | | Accumulated amortization | | Net intangible assets | | Customer relationships | | $ | 723.0 | | | $ | (416.1) | | | $ | 306.9 | | | $ | 716.2 | | | $ | (406.7) | | | $ | 309.5 | | | Proprietary data | | 470.2 | | | (167.0) | | | 303.2 | | | 455.6 | | | (147.5) | | | 308.1 | | | Acquired technology and software | | 285.9 | | | (222.5) | | | 63.4 | | | 258.2 | | | (213.7) | | | 44.5 | | | Trademarks | | 209.1 | | | (192.0) | | | 17.1 | | | 209.1 | | | (189.9) | | | 19.2 | | | Internally developed capitalized software | | 465.7 | | | (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 | | | 2027 | | 147.6 | | | 2028 | | 116.7 | | | 2029 | | 84.7 | | | 2030 | | 73.4 | | | Thereafter | | 347.6 | | | Total | | $ | 855.9 | | | | |
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