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Intangible Assets, net and Goodwill | 6 Months Ended
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Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, net and Goodwill | Intangible Assets, net and Goodwill Intangible Assets, net The following tables present certain information regarding our intangible assets as of June 30, 2016 and December 31, 2015. Amortizable intangible assets are being amortized on a straight-line basis over their estimated useful lives with no estimated residual value, which materially approximates the expected pattern of use of these intangible assets.
Intangible Assets | Gross Carrying Amount |  | Accumulated Amortization |  | Net Balance
Balance as of June 30, 2016 |  |  |  |  |
Amortizable intangible assets: |  |  |  |  |
Patents | $ | 26.3 |  |  | $ | (13.1 | ) |  | $ | 13.2 |
Customer relationships | 877.7 |  |  | (136.8 | ) |  | 740.9 |
Licenses | 412.5 |  |  | (121.8 | ) |  | 290.7 |
Intellectual property(1) | 731.5 |  |  | (170.3 | ) |  | 561.2 |
Trade names | 97.4 |  |  | (4.9 | ) |  | 92.5 |
Brand names | 124.4 |  |  | (25.6 | ) |  | 98.8 |
Non-compete agreements | 0.2 |  |  | (0.2 | ) |  | — |
| 2,270.0 |  |  | (472.7 | ) |  | 1,797.3 |
Non-amortizable intangible assets: |  |  |  |  |
Trade names | 96.7 |  |  | (2.1 | ) |  | 94.6 |
Total intangible assets | $ | 2,366.7 |  |  | $ | (474.8 | ) |  | $ | 1,891.9 |
Balance as of December 31, 2015 |  |  |  |  |
Amortizable intangible assets: |  |  |  |  |
Patents | $ | 26.8 |  |  | $ | (12.5 | ) |  | $ | 14.3 |
Customer relationships | 877.7 |  |  | (109.1 | ) |  | 768.6 |
Licenses | 326.1 |  |  | (91.6 | ) |  | 234.5 |
Intellectual property(1) | 731.1 |  |  | (124.5 | ) |  | 606.6 |
Trade names | 97.5 |  |  | (1.9 | ) |  | 95.6 |
Brand names | 124.0 |  |  | (18.9 | ) |  | 105.1 |
Non-compete agreements | 0.3 |  |  | (0.3 | ) |  | — |
| 2,183.5 |  |  | (358.8 | ) |  | 1,824.7 |
Non-amortizable intangible assets: |  |  |  |  |
Trade names | 97.4 |  |  | (2.1 | ) |  | 95.3 |
Total intangible assets | $ | 2,280.9 |  |  | $ | (360.9 | ) |  | $ | 1,920.0 |
(1) Includes $33 million of in-process R&D assets that will not be subject to amortization until they reach commercial feasibility. In January 2016, we amended and extended the terms of one of our existing license agreements through December 31, 2022. Under the terms of the amended agreement, we are obligated to pay aggregate minimum guarantees of $88.0 million over the life of the contract in exchange for the right to use certain licensed properties in game content themes, which are incorporated into our slot games, online games, lottery products and promotional materials. We account for the minimum guaranteed obligations within other long-term liabilities (or, with respect to the portion that is a current liability within accounts payable or accrued liabilities) at the onset of the license arrangement and record a corresponding licensed asset within intangible assets, net in our Consolidated Balance Sheets. The current and long-term portions of our minimum guaranteed obligations related to the amended license agreement were $8.8 million and $74.6 million, respectively, and are recorded in accounts payable and other long-term liabilities, respectively, in our Consolidated Balance Sheet as of June 30, 2016. The aggregate intangible asset amortization expense for the three and six months ended June 30, 2016 was $62.3 million and $127.9 million, respectively. The aggregate intangible amortization expense for the three and six months ended June 30, 2015 was $87.2 million and $150.3 million, respectively. Intangible amortization expense is included within D&A in the Consolidated Statements of Operations and Comprehensive Loss. As a result of an interim review of assets with indefinite useful lives, we recorded an impairment charge of $25.0 million in D&A in our Consolidated Statements of Operations and Comprehensive Loss for the three and six months ended June 30, 2015 to reduce the gross carrying amount of one indefinite-lived trade name asset to its fair value (which was subsequently reclassified to finite-life during the third quarter of 2015). Goodwill The table below reconciles the change in the carrying amount of goodwill by business segment for the period from December 31, 2015 to June 30, 2016.
Goodwill |  | Gaming |  | Lottery |  | Interactive |  | Totals
Balance as of December 31, 2015 |  | $ | 2,486.0 |  |  | $ | 417.9 |  |  | $ | 109.8 |  |  | $ | 3,013.7 |
Foreign currency adjustments |  | (23.0 | ) |  | 1.8 |  |  | — |  |  | (21.2 | )
Balance as of June 30, 2016 |  | $ | 2,463.0 |  |  | $ | 419.7 |  |  | $ | 109.8 |  |  | $ | 2,992.5 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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