Intangible Assets, net and Goodwill

9 Months Ended

Sep. 30, 2023

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 September 30, 2023 and December 31, 2022:

	As of
	September 30, 2023						December 31, 2022
	Gross Carrying Value		Accumulated Amortization		Net Balance		Gross Carrying Value		Accumulated Amortization		Net Balance
Amortizable intangible assets:
Customer relationships	$	899	$	(549)	$	350	$	902	$	(503)	$	399
Intellectual property	934		(747)		187		948		(714)		234
Licenses	374		(295)		79		371		(273)		98
Brand names	127		(116)		11		129		(108)		21
Trade names	162		(155)		7		162		(122)		40
Patents and other	11		(7)		4		12		(7)		5
Total intangible assets	$	2,507	$	(1,869)	$	638	$	2,524	$	(1,727)	$	797

The following reflects intangible amortization expense included within Depreciation, amortization and impairments.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Amortization expense(1)	$	41	$	60	$	160	$	180
(1) The nine months ended September 30, 2023 include an intangible assets non-cash impairment charge of $4 million related to SciPlay restructuring of a certain foreign studio.

Goodwill

The table below reconciles the change in the carrying value of goodwill by business segment for the period from December 31, 2022 to September 30, 2023.

	Gaming(1)		SciPlay		iGaming		Totals
Balance as of December 31, 2022	$	2,373	$	213	$	333	$	2,919
Foreign currency adjustments	(3)		(5)		(8)		(16)
Balance as of September 30, 2023	$	2,370	$	208	$	325	$	2,903
(1) Accumulated goodwill impairment charges for the Gaming segment as of September 30, 2023 were $989 million.