Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 39

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 Sheet Line ItemMarch 31, 2025December 31, 2024Interest rate swapsOther assets$13 $19 Contingent Acquisition Consideration LiabilitiesIn connection with our acquisitions, we have recorded certain contingent consideration liabilities (including redeemable non-controlling interest), of which the values are primarily based on reaching certain earnings-based metrics. The related liabilities were recorded at fair value on their respective acquisition dates as a part of the consideration transferred and are remeasured each reporting period (other than for redeemable non-controlling interest, which is measured based on its redemption value). The inputs used to measure the fair value of our liabilities are categorized as Level 3 in the fair value hierarchy.The table below reconciles the change in the contingent acquisition consideration liabilities (including deferred purchase price) for the period from December 31, 2024 to March 31, 2025.TotalIncluded in Accrued LiabilitiesIncluded in Other Long-Term LiabilitiesBalance as of December 31, 2024$15 $8 $7 Other adjustments(1)(6)Balance as of March 31, 2025$9 $6 $3 (1) Represents extinguishment of $6 million in redeemable non-controlling interest liability associated with SciPlay’s acquisition of Alictus Yazilim Anonim Şirketi in 2022, as specified financial targets were not met. The gain was recorded in other income, net in our consolidated statements of operations.

20

(12) Stockholders’ Equity

Changes in Stockholders’ EquityThe following tables present certain information regarding our stockholders’ equity as of March 31, 2025 and 2024:Three Months Ended March 31, 2025Common StockAdditional Paid in CapitalRetained EarningsTreasury StockAccumulated Other Comprehensive LossTotalJanuary 1, 2025$1 $1,200 $1,016 $(1,216)$(365)$636 Settlement of liability awards— 44 — — — 44 Vesting of RSUs, net of tax withholdings and other— (36)— — — (36)Purchase of treasury stock(1)— — — (167)— (167)Stock-based compensation— 18 — — — 18 Net income— — 82 — — 82 Other comprehensive loss— — — —