Intangible Assets, net and Goodwill

9 Months Ended

Sep. 30, 2024

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, 2024 and December 31, 2023.

	As of
	September 30, 2024						December 31, 2023
	Gross Carrying Value		Accumulated Amortization		Net Balance		Gross Carrying Value		Accumulated Amortization		Net Balance
Amortizable intangible assets:
Customer relationships	$	904	$	(614)	$	290	$	904	$	(567)	$	337
Intellectual property	949		(812)		137		947		(771)		176
Licenses	291		(236)		55		290		(217)		73
Brand names	130		(126)		4		129		(120)		9
Trade names	163		(159)		4		163		(157)		6
Patents and other	11		(7)		4		11		(7)		4
Total intangible assets	$	2,448	$	(1,954)	$	494	$	2,444	$	(1,839)	$	605

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Amortization expense(1)	$	38	$	41	$	113	$	160
(1) The nine months ended September 30, 2023 include intangible assets non-cash impairment charge of $4 million related to restructuring of a certain SciPlay foreign studio.

Goodwill

The table below reconciles the change in the carrying value of goodwill, by business segment, for the period from December 31, 2023 to September 30, 2024.

	Gaming(1)		SciPlay		iGaming		Totals
Balance as of December 31, 2023	$	2,388	$	210	$	347	$	2,945
Foreign currency adjustments	9		(2)		2		9
Balance as of September 30, 2024	$	2,397	$	208	$	349	$	2,954
(1) Accumulated goodwill impairment charges for the Gaming segment as of September 30, 2024 were $989 million.