Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 38

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 and related$1 $1 $13 $2 Legal and related1 34 1 66 Strategic review, acquisitions and related2 — 18 1 Restructuring, integration and other2 1 11 7 Total$6 $36 $43 $76 

17

(5) Receivables, Allowance for Credit Losses and Credit Quality of Receivables

ReceivablesThe following table summarizes the components of current and long-term receivables, net:As of September 30, 2025December 31, 2024Current:Receivables$687 $620 Allowance for credit losses(28)(35)Current receivables, net659 585 Long-term:Receivables92 102 Allowance for credit losses(5)(5)Long-term receivables, net87 97 Total receivables, net $746 $682 Allowance for Credit LossesWe manage our receivable portfolios using both geography and delinquency as key credit quality indicators. The following table summarizes geographical delinquencies of total receivables, net:As of September 30, 2025As of December 31, 2024TotalBalances over 90 days past dueTotalBalances over 90 days past dueReceivables:U.S. and Canada$396 $3 $369 $4 International383 33 353 39      Total receivables779 36 722 43 Receivables allowance:U.S. and Canada(14)— (15)(1)International(19)(8)(25)(15)Total receivables allowance(33)(8)(40)(16)Receivables, net$746 $28 $682 $27 Account balances are charged against the allowances after all internal and external collection efforts have been exhausted and the potential for recovery is considered remote.The activity in our allowance for receivable credit losses for each of the three and nine months ended September 30, 2025 and 2024 is as follows:20252024TotalU.S. and CanadaInternationalTotalBeginning allowance for credit losses$(40)$(15)$(25)$(41)Provision1 — 1 (1)Charge-offs and recoveries— — — 2 Allowance for credit losses as of March 31