SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Property, Plant and Equipment

The estimated useful lives for property and equipment categories are as follows:


Asset Class						Useful Life
Equipment						1 to 10 years
Furniture and fixtures						3 to 10 years
Leasehold improvements						Shorter of the useful life of the leasehold improvements and the remaining lease term except if there is a transfer of ownership or an option to purchase the underlying asset which Flutter is reasonably certain to exercise, in which case leasehold improvements will be amortized over their useful life
Buildings: Freehold						25 to 50 years
Land						Not depreciated

Property and equipment, net consisted of the following as of December 31, 2024 and 2023:


	As of December 31,
($ in millions)	2024		2023
Computer equipment	$	320	$	581
Fixtures and fittings	287		356
Land, buildings and leasehold improvements	250		301
Property and equipment – Cost	$	857	$	1,238
Less: Accumulated depreciation	364		767
Property and equipment – net	$	493	$	471

Schedule of Finite-Lived Intangible Assets

An impairment expense is recognized when the estimated undiscounted future cash flows are less than the asset’s carrying amount being the excess of the carrying value of the impaired asset over its fair value.


Asset Class						Useful Life
Trademarks						8 to 20 years
Licenses						2 to 20 years
Customer relationships						4 to 20 years, based on estimated customer attrition rates
Computer software and technology						2 to 5 years
Development expenditure						3 to 5 years

Intangible assets subject to amortization consisted of the following as of December 31, 2024 and 2023:


	Weighted Average Useful Life (Years)	As of December 31,
($ in millions)		2024		2023
Computer software and technology	2.6	$	1,234	$	1,283
Licenses	8.2	423		475
Development expenditure	3.1	1,274		1,174
Trademarks	15.6	3,753		3,753
Customer relationships	6.3	4,464		4,558
Other	14.9	177		186
Gross carrying value		11,325		11,429
Computer software and technology		917		929
Licenses		146		159
Development expenditure		713		722
Trademarks		1,875		1,767
Customer relationships		2,243		1,911
Other		67		60
Accumulated amortization		5,961		5,548
Computer software and technology		317		354
Licenses		277		316
Development expenditure		561		452
Trademarks		1,878		1,986
Customer relationships		2,221		2,647
Other		110		126
Net carrying amount		$	5,364	$	5,881