Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 91

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 the total reportable segments AEBITDA to our consolidated net income before income taxes.(2) Excludes D&A.(3) Excludes stock-based compensation.(4) Primarily represents various other non-payroll related operating expenses, including but not limited to, professional and legal services, marketing, facilities and operating leases, maintenance, and other operating expenses.(5) AEBITDA is described in footnote (5) to the first table in this Note 3.

The following table summarizes the asset balances of each reportable business segment for the periods indicated:GamingSciPlayiGamingTotal Reportable SegmentsUnallocated and Reconciling Items(1)TotalsAssets as of June 30, 2025$4,902 $481 $843 $6,226 $264 $6,490 Assets as of December 31, 20243,964 444 735 5,143 278 5,421 (1) Includes amounts not allocated to the reportable segments (including corporate amounts) and items to reconcile the total reportable segments assets to our consolidated assets.

(4) Restructuring and Other

Restructuring and other includes charges or expenses attributable to: (i) employee severance; (ii) management restructuring and related costs; (iii) restructuring and integration; (iv) cost savings initiatives; (v) major litigation; and (vi) acquisition- and disposition-related costs, strategic review and other unusual items. The following table summarizes pre-tax restructuring and other costs for the periods presented:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Employee severance and related$2 $— $12 $1 Legal and related— 32 — 32 Strategic review, acquisitions and related11 — 17 1 Restructuring, integration and other4 2 8 6 Total$17 $34 $37 $40 

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(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 June 30, 2025December 31, 2024Current:Receivables$670 $620 Allowance for credit losses(27)(35)Current receivables, net643 585 Long-term:Receivables100