
Changes in Carrying Value of Goodwill and Other Intangible Assets
			Non-Amortizing Intangible Assets
(In millions)	Amortizing Intangible Assets		Goodwill		Other
Balances as of December 31, 2024	$	856	$	10,601	$	3,277

Amortization expense	(33)		—		—



Balances as of March 31, 2025	$	823	$	10,601	$	3,277


Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill
	March 31, 2025							December 31, 2024
(Dollars in millions)	Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets
Customer relationships	3 - 7 years	$	593	$	(447)	$	146	$	593	$	(432)	$	161
Gaming rights and other	10 - 34 years	262		(46)		216		262		(42)		220
Trademarks	15 years	313		(114)		199		313		(109)		204
Reacquired rights	24 years	250		(41)		209		250		(38)		212
Technology	3 - 6 years	129		(76)		53		129		(70)		59
		$	1,547	$	(724)	823		$	1,547	$	(691)	856

Non-amortizing intangible assets other than Goodwill
Trademarks						1,771						1,771
Gaming rights						983						983
Caesars Rewards						523						523

						3,277						3,277
Total amortizing and non-amortizing intangible assets other than Goodwill, net						$	4,100					$	4,133

Amortization expense with respect to intangible assets for the three months ended March 31, 2025 and 2024 totaled $33 million and $36 million, which is included in Depreciation and amortization in the Statements of Operations.