Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 34

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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International358 43 353 39      Total receivables761 50 722 43 Receivables allowance:U.S. and Canada(15)(1)(15)(1)International(24)(15)(25)(15)Total receivables allowance(39)(16)(40)(16)Receivables, net$722 $34 $682 $27 Account balances are charged against the allowances after all internal and external collection efforts have been exhausted and the potential for recovery is considered remote.The activity in our allowance for receivable credit losses for each of the three months ended March 31, 2025 and 2024 is as follows:20252024TotalU.S. and CanadaInternationalTotalBeginning allowance for credit losses$(40)$(15)$(25)$(41)Provision1 — 1 (1)Charge-offs and recoveries— — — 2 Allowance for credit losses as of March 31$(39)$(15)$(24)$(40)As of March 31, 2025, 5% of our total receivables, net, were past due by over 90 days, compared to 4% as of December 31, 2024.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 

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deemed to be exceeding 10%) of our receivables with terms longer than one year are in the Latin America region (“LATAM”) and are primarily comprised of Mexico, Peru and Argentina. The following table summarizes our LATAM receivables:As of March 31, 2025TotalCurrentBalances over 90 days past dueReceivables$67 $45 $22 Allowance for credit losses(21)(12)(9)Receivables, net$46 $33 $13 We continuously review receivables and, as information concerning credit quality and/or overall economic environment arises, reassess our expectations of future losses and record an incremental reserve if warranted at that time. Our current allowance for credit losses represents our current expectation of credit losses; however, future expectations could change as international unrest or other macro-economic factors impact the financial stability