Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 33

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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able 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 31,20252024Employee severance and related$10 $1 Strategic review, acquisitions and related6 1 Contingent acquisition consideration— 1 Restructuring, integration and other4 3 Total$20 $6 

15

(5) Receivables, Allowance for Credit Losses and Credit Quality of Receivables

ReceivablesThe following table summarizes the components of current and long-term receivables, net:As of March 31, 2025December 31, 2024Current:Receivables$663 $620 Allowance for credit losses(34)(35)Current receivables, net629 585 Long-term:Receivables98 102 Allowance for credit losses(5)(5)Long-term receivables, net93 97 Total receivables, net $722 $682 Allowance for Credit LossesWe manage our receivable portfolios using both geography and delinquency as key credit quality indicators. The following table summarizes geographical delinquencies of total receivables, net:As of March 31, 2025As of December 31, 2024TotalBalances over 90 days past dueTotalBalances over 90 days past dueReceivables:U.S. and Canada$403 $7 $369 $4