Company: BRSL
Filing Date: 2025-02-25
Form Type: 20-F
Source: 0001619762-25-000007
Chunk: 34

Company: Brightstar Lottery PLC
Filing Date: 2025-02-25
Form: 20-F
Item: Item 5
Chunk 34
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1-3 years                            More than 5 years  
  Long-term debt (1)                                    5,396                   208                     3,399      1,269                    519  
  Operating leases (2)      126                                                  30      44                                                  27  
  Total                                                 5,537                   238                     3,443      1,295                    547  

(1) Long-term debt consists of the principal amount of long-term debt, including current portion, as included in “ Notes to the Consolidated Financial Statements - 15. Debt” included in “ Item 18. Financial Statements.” Certain of the Company’s long-term debt is denominated in euros.

(2) Operating leases principally relate to leases for facilities and equipment used in the Company’s business. The amounts presented include the imputed interest to the counterparties.

Unconditional Purchase Obligations

The Company’s principal commitments consist of unconditional purchase obligations resulting from agreements to purchase goods and services in the ordinary course of business. Unconditional purchase obligations exclude agreements that are cancellable without penalty. As of December 31, 2024, the Company had unconditional purchase obligations of approximately $42 million with various terms of up to 9 years. For more information on our unconditional purchase obligations, see “ Notes to the Consolidated Financial Statements - 18. Commitments and Contingencies” included in “ Item 18. Financial Statements”.

The Company expects to have sufficient cash flows from the above cited sources to meet the material cash requirements of these commitments as they become settleable in the ordinary course of business.

Table of Contents

Off-Balance Sheet Arrangements

The Company has the following off-balance sheet arrangements:

Performance and other bonds

Certain contracts require us to provide a surety bond as a guarantee of performance for the benefit of customers and bid and litigation bonds for the benefit of potential customers.

These bonds give beneficiaries the right to obtain payment and/or performance from the issuer of the bond if certain specified events occur. In the case of performance bonds, which generally have a term of one year, such events include our failure to perform our obligations under the applicable contract(s). In general, we would only be liable for these guarantees in the event of default in our performance of our obligations under each contract, the probability of which we believe is remote.

Letters of Credit

The Parent and certain of its subsidiaries obtain letters of credit under the Revolving Credit Facilities and under senior unsecured uncommitted demand credit facilities. These letters of credit