Company: BRSL
Filing Date: 2025-02-25
Form Type: 20-F
Source: 0001619762-25-000007
Chunk: 129

Company: Brightstar Lottery PLC
Filing Date: 2025-02-25
Form: 20-F
Item: Item 11
Chunk 129
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 dollar, Australian dollar, Swiss franc, Czech koruna, and New Taiwan dollar) and the purchase of approximately $229 million of foreign currency (primarily U. S. dollar, British pounds, Canadian dollar, euro, and Mexican peso).

Translation Risk

Certain of the Company’s subsidiaries are located in countries that are outside of the U. S., in particular the Eurozone. As the Company’s reporting currency is the U. S. dollar, the income statements of those entities are converted into U. S. dollars using the average exchange rate for the period, and while revenues and costs are unchanged in local currency, changes in exchange rates may lead to effects on the converted balances of revenues, costs, and the result in U. S. dollars. The monetary assets and liabilities of consolidated entities that have a reporting currency other than the U. S. dollar are translated into U. S. dollars at the period-end foreign exchange rate. The effects of these changes in foreign exchange rates are recognized directly in the Consolidated Statements of Shareholders’ Equity within accumulated other comprehensive income.

The Company’s foreign currency exposure primarily arises from changes between the U. S. dollar and the euro. A hypothetical 10% decrease in the U. S. dollar to euro exchange rate, with all other variables held constant, would have increased equity by $60 million and $52 million for 2024 and 2023, respectively.

Item 12. Description of Securities Other than Equity Securities