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

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 4
Chunk 11
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 such share repurchase program from $1.0 billion to $1.5 billion.(2) Average price paid per share is calculated on a settlement basis and excludes excise tax. As of January 1, 2023, our share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act, resulting in $3 million recorded as of September 30, 2025. Any excise tax incurred is recognized in stockholders’ equity as part of the cost basis of the shares acquired. 

46

Item 3. Defaults Upon Senior Securities

None.