Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 93

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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%) 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 June 30, 2025TotalCurrentBalances over 90 days past dueReceivables$65 $44 $21 Allowance for credit losses(19)(9)(10)Receivables, net$46 $35 $11 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 June 30, 2025 and December 31, 2024, the fair value of receivables, net, approximated the carrying value due to contractual terms of receivables generally being less than 24 months.

(6) Inventories

Inventories consisted of the following: As of June 30, 2025December 31, 2024Parts and work-in-process$142 $126 Finished goods45 32 Total inventories$187 $158 Parts and work-in-process include parts for gaming machines and our finished goods inventory primarily consist of gaming machines for sale.

(7) Property and Equipment, net

Property and equipment, net consisted of the following:As of June 30, 2025December 31, 2024Land$6 $6 Buildings and leasehold improvements65 64 Gaming machinery and equipment845 745 Furniture and fixtures31 29 Construction in progress11 9 Other property and equipment111 102 Less: accumulated depreciation(718)(669)Total property and equipment, net$351 $286 

19

Depreciation expense is excluded from cost of services, cost of products and other operating expenses and is separately presented within D&A.Three Months Ended June 30,Six Months Ended June 30,2025202420252024Depreciation expense$43 $32 $84