Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 101

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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29 The following table shows the fair value of our hedges:As ofBalance Sheet Line ItemSeptember 30, 2025December 31, 2024Interest rate swapsOther assets$7 $19 Contingent Acquisition Consideration LiabilitiesIn connection with our acquisitions, we have recorded certain contingent consideration liabilities (including redeemable non-controlling interest), of which the values are primarily based on reaching certain earnings-based metrics. The related liabilities were recorded at fair value on their respective acquisition dates as a part of the consideration transferred and are remeasured each reporting period (other than for redeemable non-controlling interest, which is measured based on its redemption value). The inputs used to measure the fair value of our liabilities are categorized as Level 3 in the fair value hierarchy.

23

The table below reconciles the change in the contingent acquisition consideration liabilities (including deferred purchase price) for the period from December 31, 2024 to September 30, 2025.TotalIncluded in Accrued LiabilitiesIncluded in Other Long-Term LiabilitiesBalance as of December 31, 2024$15 $8 $7 Additions(1)56 Payments(2)Other adjustments(2)(6)Balance as of September 30, 2025$63 $13 $50 (1) Represents contingent consideration liability related to the Grover acquisition (see Note 1).(2) Represents extinguishment of $6 million in redeemable non-controlling interest liability associated with SciPlay’s acquisition of Alictus Yazilim Anonim Şirketi in 2022, as specified financial targets were not met. The gain was recorded in other (expense) income, net in our consolidated statements of operations.

(12) Stockholders’ Equity

Changes in Stockholders’ EquityThe following tables present certain information regarding our stockholders’ equity for the nine months ended September 30, 2025 and 2024:Nine Months Ended September 30, 2025Common StockAdditional Paid in CapitalRetained EarningsTreasury StockAccumulated Other Comprehensive LossTotalJanuary 1, 2025$1 $1,200 $1,016 $(1,216)$(365)$636 Settlement of liability awards— 44 — — — 44 Vesting of RSUs, net of tax withholdings and other— (36)— — — (36)Purchase of treasury stock(1