Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 96

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 96
---
1,958)$454 The following reflects intangible amortization expense included within D&A: Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Amortization expense$39 $38 $107 $113 Estimated intangible asset amortization expense for the remainder of the year ending December 31, 2025 and each of the subsequent four years is as follows:Remainder of 20252026202720282029Amortization expense$40 $151 $145 $118 $93 GoodwillThe table below reconciles the change in the carrying value of goodwill, by reportable segment, for the period from December 31, 2024 to September 30, 2025.Gaming(1)SciPlayiGamingTotalsBalance as of December 31, 2024$2,357 $209 $324 $2,890 Acquired goodwill(2)392 — — 392 Foreign currency adjustments34 5 40 79 Balance as of September 30, 2025$2,783 $214 $364 $3,361 (1) Accumulated goodwill impairment charges for the Gaming segment as of September 30, 2025 were $989 million.(2) Represents goodwill related to the Grover acquisition (see Note 1).

20

(9) Software, net

Software, net consisted of the following: As of September 30, 2025December 31, 2024Software $1,219 $1,137 Accumulated amortization(1,035)(976)Software, net$184 $161 The following reflects amortization of software included within D&A: Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Amortization expense$21 $20 $59 $55 

(10) Long-term Debt

The following table reflects our outstanding debt (in order of priority and maturity):As ofSeptember 30, 2025December 31, 2024 Final MaturityRate(s)Face ValueUnamortized debt discount/premium and deferred financing costs, netBook ValueBook ValueSenior Secured Credit Facilities:LNWI Revolver2030variable$— $— $— $— LNWI Term Loan A2028variable795 (2)793 —