Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 152

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 152
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4 and 2023 was $99.11 and $59.10, respectively. The fair value of each RSU grant is based on the market value of our common stock at the time of grant. At December 31, 2024, we had $93 million of unrecognized stock-based compensation expense relating to all unvested RSUs amortized over a weighted-average period of approximately 1.0 year. The fair value at vesting date of RSUs vested during the years ended December 31, 2024, 2023 and 2022 was $172 million, $62 million and $118 million, respectively.Share Repurchase ProgramOn March 1, 2022, our Board of Directors approved a share repurchase program under which the Company was authorized to repurchase up to an aggregate amount of $750 million of shares of outstanding common stock. We fully exhausted the authorized share repurchase amount under the program in the second quarter of 2024.On June 11, 2024, our Board of Directors approved a new share repurchase program under which the Company is authorized to repurchase, from time to time through June 12, 2027, up to an aggregate amount of $1.0 billion of shares of outstanding common stock. Repurchases under the share repurchase program may be effected at the discretion of the Transaction Committee of the Board of Directors through one or more open market repurchases, privately negotiated transactions, including block trades, accelerated share repurchases, issuer tender offers or other derivative contracts or instruments, “10b5-1” plan, or other financial or other arrangements, or a combination of the foregoing. The share repurchase program may be suspended or discontinued at any time.During the year ended December 31, 2024, we repurchased 4.8 million shares of common stock under the repurchase programs at an aggregate cost of $465 million (including excise tax).

(17) Accumulated Other Comprehensive Loss

The accumulated balances for each classification of other comprehensive loss are presented below:ForeignCurrencyItemsDerivativeFinancialInstruments(1)Unrecognizedpensionbenefit costs,net of taxes(2)AccumulatedOtherComprehensiveLossBalance at January 1, 2022$(245)$(3)$(13)$(261)Change during period(158)27 — (131)Reclassified into operations(3)61 — 13 74 Balance at December 31, 2022