Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 94

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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$63 

(8) Intangible Assets, net and Goodwill

Intangible Assets, netThe following tables present certain information regarding our intangible assets as of June 30, 2025 and December 31, 2024.As ofJune 30, 2025December 31, 2024Gross CarryingValueAccumulatedAmortizationNet BalanceGross CarryingValueAccumulatedAmortizationNet BalanceAmortizable intangible assets:   Customer relationships$1,249 $(662)$587 $898 $(624)$274 Intellectual property 1,039 (842)197 924 (801)123 Licenses317 (255)62 290 (242)48 Brand names130 (127)3 128 (125)3 Trade names189 (161)28 161 (159)2 Patents and other12 (7)5 11 (7)4 Total intangible assets$2,936 $(2,054)$882 $2,412 $(1,958)$454 The following reflects intangible amortization expense included within D&A: Three Months Ended June 30,Six Months Ended June 30,2025202420252024Amortization expense$37 $38 $68 $75 Estimated intangible asset amortization expense for the remaining year ending December 31, 2025 and each of the subsequent four years is as follows:Year Ending December 31,Remainder of 20252026202720282029Amortization expense$80 $147 $141 $113 $87 GoodwillThe table below reconciles the change in the carrying value of goodwill, by reportable segment, for the period from December 31, 2024 to June 30, 2025.Gaming(1)SciPlayiGamingTotalsBalance as of December 31, 2024$2,357 $209 $324 $2,890 Acquired goodwill(2)392 — — 392 Foreign currency adjustments31 5 37 73 Balance as of June 30, 2025$2,780 $214 $361 $3,355 (1) Accumulated goodwill impairment charges for the Gaming segment as of June 30, 2025 were $989 million.(2) Represents goodwill related to