Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 36

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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(7)4 11 (7)4 Total intangible assets$2,428 $(1,999)$429 $2,412 $(1,958)$454 The following reflects intangible amortization expense included within D&A: Three Months Ended March 31,20252024Amortization expense$30 $37 GoodwillThe table below reconciles the change in the carrying value of goodwill, by reportable segment, for the period from December 31, 2024 to March 31, 2025.Gaming(1)SciPlayiGamingTotalsBalance as of December 31, 2024$2,357 $209 $324 $2,890 Foreign currency adjustments10 — 19 29 Balance as of March 31, 2025$2,367 $209 $343 $2,919 (1) Accumulated goodwill impairment charges for the Gaming segment as of March 31, 2025 were $989 million.

(9) Software, net

Software, net consisted of the following: As of March 31, 2025December 31, 2024Software $1,160 $1,137 Accumulated amortization(994)(976)Software, net$166 $161 The following reflects amortization of software included within D&A: Three Months Ended March 31,20252024Amortization expense$19 $18 

18

 (10) Long-term Debt

The following table reflects our outstanding debt (in order of priority and maturity):As ofMarch 31, 2025December 31, 2024 Final MaturityRate(s)Face ValueUnamortized debt discount/premium and deferred financing costs, netBook ValueBook ValueSenior Secured Credit Facilities:LNWI Revolver2030variable$40 $— $40 $— LNWI Term Loan B2029variable2,151 (22)2,129 2,133 LNWI Senior Notes:2028 Unsecured Notes20287.000%700 (4)696 695 2029 Unsecured Notes20297.250%500 (4)496 496 2031 Unsecured Notes20317.500%550 (7)543 543 Other——3 — 3 3 Total long-term debt outstanding$3,944 $(37)$3