Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 104

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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Us as of September 30, 20251.7 $90.14 The weighted-average grant date fair value of RSUs granted during the nine months ended September 30, 2025 and 2024 was $104.98 and $99.59, respectively. The fair value of each RSU grant is based on the market value of our common stock at the time of grant. As of September 30, 2025, we had $103 million of unrecognized stock-based compensation expense relating to unvested RSUs amortized over a weighted-average period of approximately 1.2 years. The fair value at vesting date of RSUs vested during the nine months ended September 30, 2025 and 2024 was $127 million and $163 million, respectively.

25

Share Repurchase ProgramOn June 11, 2024, our Board of Directors approved a share repurchase program under which the Company is authorized to repurchase, from time to time through June 12, 2027, up to an aggregate amount of $1.0 billion of shares of outstanding common stock. On July 31, 2025, our Board of Directors approved an additional aggregate amount of up to $500 million of shares of outstanding common stock as authorized to be repurchased under the share repurchase program, increasing the total aggregate amount to $1.5 billion. During the nine months ended September 30, 2025, we repurchased approximately 4.3 million shares of common stock under the repurchase program at an aggregate cost of $380 million (including excise tax). Subsequent to September 30, 2025 and through October 31, 2025, we purchased an additional 1.3 million shares of common stock at an aggregate value of $101 million.

(13) Income Taxes

We consider new evidence (both positive and negative) at each reporting date that could affect our view of the future realization of deferred tax assets. We evaluate information such as historical financial results, historical taxable income, projected future taxable income, expected timing of the reversals of existing temporary differences and available prudent and feasible tax planning strategies in our analysis. Based on the available evidence, valuation allowances in certain U.S. and non-U.S. jurisdictions remain consistent with the prior year as of September 30, 2025.Our income tax expense (including discrete items) was $25 million and $76 million for the three and nine months ended September