Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 76

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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)— (219)Payroll and related(3)(77)(26)(18)(121)— (121)Other segment reconciling items(4)(30)(58)(9)(97)(38)(135)AEBITDA(5)232 62 25 319 (38)281 Reconciling items to net income before income taxes:Restructuring and other— — (3)(3)(3)(6)D&A(86)(86)Interest expense(75)(75)Other income, net8 8 Stock-based compensation(22)(22)Net income before income taxes$100 Capital expenditures for the three months ended March 31, 2024$53 $4 $7 $64 $2 $66 (1) Includes amounts not allocated to the reportable segments (including corporate costs) and items to reconcile the total reportable segments AEBITDA to our consolidated net income before income taxes.(2) Excludes D&A.(3) Excludes stock-based compensation.(4) Primarily represents various other non-payroll related operating expenses, including but not limited to, professional and legal services, marketing, facilities and operating leases, maintenance and other operating expenses.(5) AEBITDA is described in footnote (5) to the first table in this Note 3.The following table summarizes the asset balances of each reportable business segment for the periods indicated:GamingSciPlayiGamingTotal Reportable SegmentsUnallocated and Reconciling Items(1)TotalsAssets as of March 31, 2025$3,973 $450 $773 $5,196 $259 $5,455 Assets as of December 31, 20243,964 444 735 5,143 278 5,421 (1) Includes amounts not allocated to the reportable segments (including corporate amounts) and items to reconcile the total reportable segments assets to our consolidated assets.

(4) Restructuring and Other

Restructuring and other includes charges or expenses attributable to: (i) employee severance; (ii) management restructuring and related costs; (iii) restructuring and integration; (iv) cost savings initiatives; (v) major litigation; and (vi) acquisition- and disposition-related costs, strategic review and other unusual items. The following table summarizes pre-tax restructuring and other costs for the periods presented:Three Months Ended March 31,20252024