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Intangible Assets, net and Goodwill (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets The following tables present certain information regarding our intangible assets as of December 31, 2021 and December 31, 2020. Amortizable intangible assets are being amortized on a straight-line basis over their estimated useful lives with no estimated residual values, which materially approximates the expected pattern of use.
As of
December 31, 2021December 31, 2020
Gross Carrying
Value
Accumulated
Amortization
Net BalanceGross Carrying
Value
Accumulated
Amortization
Net Balance
Amortizable intangible assets:   
Customer relationships$911 $(445)$466 $904 $(384)$520 
Intellectual property
914 (670)244 893 (621)272 
Licenses472 (380)92 472 (344)128 
Brand names132 (97)35 127 (86)41 
Trade names(1)
158 (54)104 112 (38)74 
Patents and other12 (7)11 (6)
Total amortizable intangible assets2,599 (1,653)946 2,519 (1,479)1,040 
Non-amortizable intangible assets:   
Trade names(1)
— — — 50 (2)48 
Total intangible assets$2,599 $(1,653)$946 $2,569 $(1,481)$1,088 
(1) During the fourth quarter of 2021, a legacy trade name was reclassified to amortizable trade names assets as a result of our rebranding initiatives (see below in this Note 11 for additional details).
Schedule of Intangible Asset Amortization Expense
The following reflects intangible amortization expense included within D&A:
Year Ended December 31,
202120202019
Amortization expense$197 $207 $257 
The following reflects amortization of software included within D&A:
Year Ended December 31,
202120202019
Amortization expense$81 $97 $107 
Schedule of Estimated Intangible Asset Amortization Expense
Estimated intangible asset amortization expense for the year ending December 31, 2022 and each of the subsequent four years:
Year Ending December 31,
20222023202420252026
Amortization expense$246 $190 $147 $101 $87 
During the fourth quarter of 2021 and as a result of corporate-wide rebranding, we determined that useful lives for certain of our indefinite-lived and finite-lived trade names in our Gaming business segment warrant a change. We first performed an impairment assessment, which indicated that carrying values of these trade names are recoverable (or for our indefinite-lived asset, the estimated fair value was more likely than not in-excess of the carrying value). The change in useful life determination was treated as a change in estimate with a $109 million carrying value of these legacy trade names being amortized on a straight-line basis over a twenty month period beginning in the fourth quarter of 2021, which materially approximates the expected pattern of use over their remaining useful lives and periods over which these legacy trade names will contribute to the future cash flows of the respective asset groups. The incremental expense of this change for the year ended December 31, 2021 was $10 million and is recorded in D&A.
Schedule of Goodwill Reconciliation The table below reconciles the change in the carrying value of goodwill, by business segment, for the period from December 31, 2019 to December 31, 2021.
Gaming(1)
SciPlayiGamingTotals
Balance as of December 31, 2019
$2,449 $115 $170 $2,734 
Impairment(54)— — (54)
Acquired goodwill— — 
Foreign currency adjustments30 11 43 
Balance as of December 31, 2020
2,425 124 181 2,730 
Acquired goodwill— — 191 191 
Foreign currency adjustments(20)(11)(29)
Balance as of December 31, 2021
$2,405 $126 $361 $2,892 
(1) Accumulated goodwill impairment charges for the Gaming segment as of December 31, 2021 were $989 million.