Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 94

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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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)Provision— — — 2 Charge-offs and recoveries1 — 1 1 Allowance for credit losses as of September 30$(33)$(14)$(19)$(41)

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As of September 30, 2025 and December 31, 2024, 4% of our total receivables, net, were past due by over 90 days.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%) 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 September 30, 2025TotalCurrentBalances over 90 days past dueReceivables$63 $49 $14 Allowance for credit losses(18)(10)(8)Receivables, net$45 $39 $6 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 of our customers.The fair value of receivables is estimated by discounting expected future cash flows using current interest rates at which similar loans would be made to borrowers with similar credit ratings and remaining maturities. As of September 30, 2025 and December 31,