Intangible Assets, net and Goodwill

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, net and Goodwill

Intangible Assets, net

The following tables present certain information regarding our intangible assets as of March 31, 2025 and December 31, 2024.

	As of
	March 31, 2025						December 31, 2024
	Gross Carrying Value		Accumulated Amortization		Net Balance		Gross Carrying Value		Accumulated Amortization		Net Balance
Amortizable intangible assets:
Customer relationships	$	901	$	(641)	$	260	$	898	$	(624)	$	274
Intellectual property	932		(816)		116		924		(801)		123
Licenses	293		(248)		45		290		(242)		48
Brand names	129		(126)		3		128		(125)		3
Trade names	162		(161)		1		161		(159)		2
Patents and other	11		(7)		4		11		(7)		4
Total intangible assets	$	2,428	$	(1,999)	$	429	$	2,412	$	(1,958)	$	454

The following reflects intangible amortization expense included within D&A:

	Three Months Ended March 31,
	2025		2024
Amortization expense	$	30	$	37

Goodwill

The table below reconciles the change in the carrying value of goodwill, by reportable segment, for the period from December 31, 2024 to March 31, 2025.

	Gaming(1)		SciPlay		iGaming		Totals
Balance as of December 31, 2024	$	2,357	$	209	$	324	$	2,890
Foreign currency adjustments	10		—		19		29
Balance as of March 31, 2025	$	2,367	$	209	$	343	$	2,919
(1) Accumulated goodwill impairment charges for the Gaming segment as of March 31, 2025 were $989 million.