Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 79

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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aming machinery and equipment763 745 Furniture and fixtures29 29 Construction in progress10 9 Other property and equipment108 102 Less: accumulated depreciation(689)(669)Total property and equipment, net$291 $286 Depreciation expense is excluded from cost of services, cost of products and other operating expenses and is separately presented within D&A.Three Months Ended March 31,20252024Depreciation expense$42 $31 

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(8) Intangible Assets, net and Goodwill

Intangible Assets, netThe following tables present certain information regarding our intangible assets as of March 31, 2025 and December 31, 2024.As ofMarch 31, 2025December 31, 2024Gross CarryingValueAccumulatedAmortizationNet BalanceGross CarryingValueAccumulatedAmortizationNet BalanceAmortizable intangible assets:   Customer relationships$901 $(641)$260 $898 $(624)$274 Intellectual property 932 (816)116 924 (801)123 Licenses293 (248)45 290 (242)48 Brand names129 (126)3 128 (125)3 Trade names162 (161)1 161 (159)2 Patents and other11 (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 31,20252024Amortization expense$30 $37 GoodwillThe 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)SciPlayiGamingTotalsBalance as of December 31, 2024$2,357 $209 $324 $2,890 Foreign currency adjustments10 — 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.

(9) Software, net

Software, net