Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

The following tables present certain information regarding our stockholders’ equity (deficit) as of September 30, 2022 and 2021:


	Nine Months Ended September 30, 2022
	Common Stock		Additional Paid in Capital		Retained Earnings (Accumulated Loss)		Treasury Stock		Accumulated Other Comprehensive Loss		Noncontrolling Interest		Total
January 1, 2022	$	1	$	1,337	$	(3,158)	$	(175)	$	(261)	$	150	$	(2,106)
Settlement of liability awards and other, net	—		43		—		—		—		—		43
Vesting of RSUs, net of tax withholdings	—		(31)		—		—		—		—		(31)
Purchase of treasury stock	—		—		—		(51)		—		—		(51)
Stock-based compensation	—		17		—		—		—		—		17
Net income	—		—		26		—		—		2		28
Other comprehensive loss	—		—		—		—		(37)		—		(37)
March 31, 2022	$	1	$	1,366	$	(3,132)	$	(226)	$	(298)	$	152	$	(2,137)
Vesting of RSUs, net of tax withholdings and other	—		—		—		—		—		—		—
Purchase of treasury stock	—		—		—		(152)		—		—		(152)
Purchase of SciPlay common stock	—		(6)		—		—		—		(1)		(7)

Stock-based compensation	—		15		—		—		—		—		15
Net income	—		—		3,291		—		—		4		3,295
Other comprehensive loss(1)	—		—		—		—		(48)		—		(48)
June 30, 2022	$	1	$	1,375	$	159	$	(378)	$	(346)	$	155	$	966
Vesting of RSUs, net of tax withholdings and other	—		(3)		—		—		—		—		(3)
Purchase of SciPlay common stock	—		(10)		—		—		—		(1)		(11)
Stock-based compensation	—		14		—		—		—		—		14
Net income	—		—		328		—		—		7		335
Other comprehensive loss(1)	—		—		—		—		(69)		—		(69)
September 30, 2022	$	1	$	1,376	$	487	$	(378)	$	(415)	$	161	$	1,232

(1) Includes reclassifications of $51 million and $74 million for the three and nine months ended September 30, 2022, respectively, from accumulated other comprehensive loss into income due to the sales of discontinued operations (see Note 2).


	Nine Months Ended September 30, 2021
	Common Stock		Additional Paid in Capital		Accumulated Loss		Treasury Stock		Accumulated Other Comprehensive Loss		Noncontrolling Interest		Total
January 1, 2021	$	1	$	1,268	$	(3,529)	$	(175)	$	(218)	$	129	$	(2,524)
Vesting of RSUs, net of tax withholdings and other	—		(13)		—		—		—		—		(13)
Stock-based compensation	—		17		—		—		—		—		17
Net (loss) income	—		—		(15)		—		—		6		(9)
Other comprehensive income	—		—		—		—		8		—		8

March 31, 2021	$	1	$	1,272	$	(3,544)	$	(175)	$	(210)	$	135	$	(2,521)
Vesting of RSUs, net of tax withholdings and other	—		(4)		—		—		—		—		(4)

Stock-based compensation	—		31		—		—		—		—		31
Net income	—		—		109		—		—		4		113
Other comprehensive income	—		—		—		—		11		—		11
June 30, 2021	$	1	$	1,299	$	(3,435)	$	(175)	$	(199)	$	139	$	(2,370)
Vesting of RSUs, net of tax withholdings and other	—		(3)		—		—		—		—		(3)
Stock-based compensation	—		22		—		—		—		—		22
Net income	—		—		182		—		—		5		187
Other comprehensive loss	—		—		—		—		(27)		—		(27)
September 30, 2021	$	1	$	1,318	$	(3,253)	$	(175)	$	(226)	$	144	$	(2,191)

Schedule of Stock-based Compensation Expense Recognized

The following reflects total stock-based compensation expense recognized under all programs in our continuing operations:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Related to L&W stock options	$	—	$	3	$	1	$	25
Related to L&W RSUs	12		23		39		51
Related to SciPlay RSUs	3		—		7		5
Total	$	15	$	26	$	47	$	81

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

A summary of the changes in RSUs outstanding under our equity-based compensation plans during the nine months ended September 30, 2022 is presented below:


	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
Unvested RSUs as of December 31, 2021	2.7	$	32.03
Granted	1.7	$	57.26
Vested	(1.9)	$	38.75
Cancelled	(0.7)	$	37.75
Unvested RSUs as of September 30, 2022	1.8	$	46.50