Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 126

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 126
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) and reconciling items to reconcile the total reportable business segments AEBITDA to our consolidated net loss from continuing operations 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 2.The following tables present revenue by customer location and property and equipment by geographic location: Year Ended December 31,202420232022Revenue:   U.S.$2,087 $1,948 $1,734 Other1,101 954 778 Total $3,188 $2,902 $2,512  As of December 31, 20242023Property and equipment, net:  U.S.$238 $196 Other48 40 Total$286 $236 

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(3) Revenue Recognition

The following table disaggregates our revenues by type within each of our business segments:Year Ended December 31,202420232022GamingGaming operations$690 $661 $635 Gaming machine sales865 708 522 Gaming systems302 268 255 Table products211 213 189 Total$2,068 $1,850 $1,601 SciPlayThird-party platforms and other(1)$733 $768 $671 Direct-to-consumer platforms88 9 — Total$821 $777 $671 iGaming$299 $275 $240 (1) Other primarily represents advertising revenue, which was not material in the periods presented.GeneralWe evaluate the recognition of revenue and rental income based on the criteria set forth in ASC 606 or ASC 842, as appropriate. Revenue is recognized net of incentive rebates and discounts when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Sales taxes and all other items of a similar nature are excluded from the measurement of the transaction price, and shipping and handling activities are treated as a fulfillment of our promise to transfer the goods and are, hence, included in cost of products.Our credit terms are predominately short term in nature. We also grant