Company: BRSL
Filing Date: 2025-07-29
Form Type: 6-K
Source: 0001619762-25-000049
Chunk: 10

Company: Brightstar Lottery PLC
Filing Date: 2025-07-29
Form: 6-K
Chunk 10
---
 for which we do not have a right to consideration from the customer in the amount that corresponds to the value to the customer for our performance completed to date, variable consideration which is not accounted for in accordance with the sales-based or usage-based royalties guidance, or contracts which are not wholly unperformed, is approximately $863 million. Of this amount, we expect to recognize as revenue approximately 28% within the next 12 months, approximately 32% between 13 and 36 months, approximately 21% between 37 and 60 months, and the remaining balance through July 9, 2036.

#### 5. Trade and Other Receivables

#### Trade and Other Receivables, net
Trade and other receivables are recorded at amortized cost, net of allowance for credit losses, and represent a contractual right to receive money on demand or on fixed or determinable dates that are typically short-term with payment due within 90 days or less.

|                                    | ($ in millions) |     | June 30, 2025 |     |     | December 31, 2024 |
|:-----------------------------------|:----------------|:----|--------------:|:----|:----|------------------:|
| Trade and other receivables, gross |                 |     |           429 |     |     |               469 |
| Allowance for credit losses(1)     |                 |     |            -1 |     |     |                -1 |
| Trade and other receivables, net   |                 |     |           428 |     |     |               468 |

(1) As of and for the six months ended June 30, 2025 and the year ended December 31, 2024, balances and activity related to the allowance for credit losses were immaterial.

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We enter into various factoring agreements with third-party financial institutions to sell certain of our trade receivables. We factored trade receivables of $217 million and $403 million during the six months ended June 30, 2025 and year ended December 31, 2024, respectively, under these factoring arrangements. The cash received from these arrangements is reflected as net cash provided by operating activities in the condensed consolidated statements of cash flows. In certain of these factoring arrangements, for ease of administration, we will collect customer payments related to the factored gross receivables, including our trade rece