Company: BRSL
Filing Date: 2025-07-29
Form Type: 6-K
Source: 0001619762-25-000049
Chunk: 17

Company: Brightstar Lottery PLC
Filing Date: 2025-07-29
Form: 6-K
Chunk 17
---
, except percentages)             |     |                                2025 |        |   |     | 2024 |      |   |     |                              2025 |       |   |     | 2024 |      |   |
| (Loss) income before provision for income taxes |     |                                     |    -10 |   |     |      |  127 |   |     |                                   |    46 |   |     |      |  300 |   |
| Provision for income taxes                      |     |                                     |     50 |   |     |      |   43 |   |     |                                   |    97 |   |     |      |  100 |   |
| Effective income tax rate(1)                    |     |                                     | -482.6 | % |     |      | 33.6 | % |     |                                   | 212.9 | % |     |      | 33.3 | % |

(1) Determined using an estimated annual effective income tax rate.

The effective income tax rate for the three and six months ended June 30, 2025 of (482.6)% and 212.9%, respectively differed from the U.K. statutory rate of 25.0% primarily due to operating losses in jurisdictions in which we do not receive a tax benefit, foreign rate differential, and the impact of the international provisions of the U.S. Tax Cuts and Jobs Act of 2017 (the “Tax Act”).

The effective income tax rate for the three and six months ended June 30, 2024 of 33.6% and 33.3%, respectively differed from the U.K. statutory rate of 25.0% primarily due to operating losses in jurisdictions in which we do not receive a tax benefit, foreign rate differential, and the impact of the international provisions of the Tax Act.

At June 30, 2025 and December 31, 2024, we had reserves for uncertain tax positions of $17 million.

At June 30, 2025 and December 31, 2024, interest and penalties were accrued for uncertain tax positions of $29 million and $27 million, respectively.

Pillar Two Global Minimum Tax Framework - Legislative Updates

In December 2021, the Organization for Economic Cooperation and Development (“OECD”) enacted model rules for a new global minimum tax framework (“Pillar Two”). Many non-U.S. tax jurisdictions, including the European Union