Company: BRSL
Filing Date: 2025-11-04
Form Type: 6-K
Source: 0001628280-25-048813
Chunk: 11

Company: Brightstar Lottery PLC
Filing Date: 2025-11-04
Form: 6-K
Chunk 11
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 amount, we expect to recognize as revenue approximately 30% within the next 12 months, approximately 31% between 13 and 36 months, approximately 20% between 37 and 60 months, and the remaining balance through July 9, 2036.

#### 5. Trade and Other Receivables

#### Trade and Other Receivables, net
Trade and other receivables are recorded at amortized cost, net of allowance for credit losses, and represent a contractual right to receive money on demand or on fixed or determinable dates that are typically short-term with payment due within 90 days or less.

|                                    | ($ in millions) |     | September 30, 2025 |     |     | December 31, 2024 |
|:-----------------------------------|:----------------|:----|-------------------:|:----|:----|------------------:|
| Trade and other receivables, gross |                 |     |                515 |     |     |               469 |
| Allowance for credit losses(1)     |                 |     |                 -1 |     |     |                -1 |
| Trade and other receivables, net   |                 |     |                514 |     |     |               468 |

(1) As of and for the nine months ended September 30, 2025 and the year ended December 31, 2024, balances and activity related to the allowance for credit losses were immaterial.

We enter into various factoring agreements with third-party financial institutions to sell certain of our trade receivables. We factored trade receivables of $328 million and $403 million during the nine months ended September 30, 2025 and year ended December 31, 2024, respectively, under these factoring arrangements. The cash received from these arrangements is reflected as net cash provided by operating activities in the condensed consolidated statements of cash flows. In certain of these factoring arrangements, for ease of administration, we will collect customer payments related to the factored gross receivables, including our trade receivables, which we then remit to the financial institutions. At September 30, 2025 and December 31, 2024, we had $78 million and $152 million, respectively, that was collected on behalf of the financial institutions and recorded as other current liabilities in the condensed consolidated balance sheets. The net cash flows relating to these collections are reported as financing activities in the condensed