Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 92

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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 102 Allowance for credit losses(7)(5)Long-term receivables, net93 97 Total receivables, net $736 $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 June 30, 2025As of December 31, 2024TotalBalances over 90 days past dueTotalBalances over 90 days past dueReceivables:U.S. and Canada$383 $3 $369 $4 International387 37 353 39      Total receivables770 40 722 43 Receivables allowance:U.S. and Canada(14)— (15)(1)International(20)(11)(25)(15)Total receivables allowance(34)(11)(40)(16)Receivables, net$736 $29 $682 $27 Account balances are charged against the allowances after all internal and external collection efforts have been exhausted and the potential for recovery is considered remote.The activity in our allowance for receivable credit losses for each of the three and six months ended June 30, 2025 and 2024 is as follows:20252024TotalU.S. and CanadaInternationalTotalBeginning allowance for credit losses$(40)$(15)$(25)$(41)Provision1 — 1 (1)Charge-offs and recoveries— — — 2 Allowance for credit losses as of March 31(39)(15)(24)(40)Provision— — — (6)Charge-offs and recoveries5 1 4 2 Allowance for credit losses as of June 30$(34)$(14)$(20)$(44)As of June 30, 2025 and December 31, 2024, 4% of our total receivables, net, were past due by over 90 days.

18

Credit Quality of ReceivablesWe have certain concentrations of outstanding receivables in international locations that impact our assessment of the credit quality of our receivables. We monitor the macroeconomic and political environment in each of these locations in our assessment of the credit quality of our receivables. The international customers with significant concentrations (generally deemed to be exceeding 10