Company: BRSL
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001619762-25-000017
Chunk: 9

Company: Brightstar Lottery PLC
Filing Date: 2025-05-13
Form: 6-K
Chunk 9
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13 |     |      |  14 |
| Service revenue                                      |     |                                      | 557 |     |      | 619 |
| Product sales                                        |     |                                      |  26 |     |      |  42 |
| Total revenue                                        |     |                                      | 583 |     |      | 661 |

#### Contract Balances
Contract assets reflect revenue recognized in advance of invoicing our customer. The amount of contract assets, which is included within Other current assets and Other non-current assets in the Condensed Consolidated Balance Sheets, was $49 million and $51 million at March 31, 2025 and December 31, 2024, respectively.

Contract liabilities relate to payments received in advance of the satisfaction of performance under the contract. The amount of contract liabilities, which is included within Other current liabilities and Other non-current liabilities in the Condensed Consolidated Balance Sheets, was $69 million and $61 million at March 31, 2025 and December 31, 2024, respectively.

The amount of revenue recognized during the three months ended March 31, 2025 that was included in the contract liabilities balance at the beginning of the period was $10 million.

Transaction Price Allocated to Remaining Performance Obligations

At March 31, 2025, the transaction price allocated to unsatisfied performance obligations for contracts expected to be greater than one year, or performance obligations for which we do not have a right to consideration from the customer in the amount that corresponds to the value to the customer for our performance completed to date, variable consideration which is not accounted for in accordance with the sales-based or usage-based royalties guidance, or contracts which are not wholly unperformed, is approximately $871 million. Of this amount, we expect to recognize as revenue approximately 27% within the next 12 months, approximately 32% between 13 and 36 months, approximately 21% 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) |     | March 31, 2025 |     |     | December 31