Investments

[Table of Contents](#i8b61521b6679450490d14f6570be754a_7)Goodwill activity consisted of the following for the periods ended June 30, 2022 and December 31, 2021:

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions) |  | Balance at December 31, 2021 |  | Deconsolidation (1) |  |  |  | OtherActivity (2) |  | Balance at June 30, 2022 |
| CBOT Holdings |  | $ | 5,066.4  |  |  | $ | —  |  |  |  |  | $ | —  |  |  | $ | 5,066.4  |  |
| NYMEX Holdings |  | 2,462.2  |  |  | —  |  |  |  |  | —  |  |  | 2,462.2  |  |
| NEX |  | 2,959.0  |  |  | —  |  |  |  |  | (43.9) |  |  | 2,915.1  |  |
| Other |  | 40.4  |  |  | —  |  |  |  |  | —  |  |  | 40.4  |  |
| Total Goodwill |  | $ | 10,528.0  |  |  | $ | —  |  |  |  |  | $ | (43.9) |  |  | $ | 10,484.1  |  |
| (in millions) |  | Balance at December 31, 2020 |  | Deconsolidation (1) |  |  |  | OtherActivity (2) |  | Balance at December 31, 2021 |
| CBOT Holdings |  | $ | 5,066.4  |  |  | $ | —  |  |  |  |  | $ | —  |  |  | $ | 5,066.4  |  |
| NYMEX Holdings |  | 2,462.2  |  |  | —  |  |  |  |  | —  |  |  | 2,462.2  |  |
| NEX |  | 3,229.8  |  |  | (246.2) |  |  |  |  | (24.6) |  |  | 2,959.0  |  |
| Other |  | 40.4  |  |  | —  |  |  |  |  | —  |  |  | 40.4  |  |
| Total Goodwill |  | $ | 10,798.8  |  |  | $ | (246.2) |  |  |  |  | $ | (24.6) |  |  | $ | 10,528.0  |  |

\_\_\_\_\_\_\_\_\_\_(1) The activity from deconsolidation includes goodwill as part of the contribution of the net assets of the optimization business to OSTTRA.(2) Other activity includes currency translation adjustments.6. Long-Term InvestmentsIn June 2022, the company invested $410.0 million in S&P/Dow Jones Indices LLC (S&P/DJI), which S&P/DJI used as part of the consideration for its acquisition of the IHS Markit index business. Following the additional contribution, the company's ownership interest remained at 27%. At June 30, 2022, the company's investment in S&P/DJI was $1.4 billion. 7. DebtShort-term debt consisted of the following at June 30, 2022 and December 31, 2021:

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|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions) |  | June 30, 2022 |  | December 31, 2021 |
| $750.0 million fixed rate notes due September 2022, stated rate of 3.00% (1) |  | —  |  |  | 749.4  |  |
| Total short-term debt |  | $ | —  |  |  | $ | 749.4  |  |

(1)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 3.32%.Long-term debt consisted of the following at June 30, 2022 and December 31, 2021: 

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|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions) |  | June 30, 2022 |  | December 31, 2021 |
| €15.0 million fixed rate notes due May 2023, stated rate of 4.30% |  | 15.6  |  |  | 16.8  |  |
| $750.0 million fixed rate notes due March 2025, stated rate of 3.00% (1) |  | 748.1  |  |  | 747.7  |  |
| $500.0 million fixed rate notes due June 2028, stated rate of 3.75% |  | 497.4  |  |  | 497.2  |  |
| $750.0 million fixed rate notes due March 2032, stated rate of 2.65%  |  | 741.3  |  |  | —  |  |
| $750.0 million fixed rate notes due September 2043, stated rate of 5.30% (2) |  | 743.5  |  |  | 743.4  |  |
| $700.0 million fixed rate notes due June 2048, stated rate of 4.15% |  | 690.8  |  |  | 690.6  |  |
| Total long-term debt |  | $ | 3,436.7  |  |  | $ | 2,695.7  |  |

(1)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 3.11%.(2)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 4.73%.   
  
  
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