Long-term Debt

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Long-term Debt

The following table reflects our outstanding debt (in order of priority and maturity):

	As of
	June 30, 2023								December 31, 2022
	Final Maturity	Rate(s)	Face value		Unamortized debt discount/premium and deferred financing costs, net		Book value		Book value
Senior Secured Credit Facilities:
SciPlay Revolver	2024	variable	$	—	$	—	$	—	$	—
LNWI Revolver	2027	variable	—		—		—		—
LNWI Term Loan B	2029	variable	2,178		(28)		2,150		2,159
LNWI Senior Notes:
2025 Unsecured Notes	2025	8.625%	550		(4)		546		545
2028 Unsecured Notes	2028	7.000%	700		(6)		694		693
2029 Unsecured Notes	2029	7.250%	500		(5)		495		495
Other	2023	—	1		—		1		2
Total long-term debt outstanding			$	3,929	$	(43)	$	3,886	$	3,894
Less: current portion of long-term debt							(23)		(24)
Long-term debt, excluding current portion							$	3,863	$	3,870
Fair value of debt(1)			$	3,936
(1) Fair value of our fixed rate and variable interest rate debt is classified within Level 2 in the fair value hierarchy and has been calculated based on the quoted market prices of our securities.

We were in compliance with the financial covenants under all debt agreements as of June 30, 2023 (for information regarding our financial covenants of all debt agreements, see Note 15 in our 2022 10-K).

Loss on Debt Financing Transactions

The following are components of the loss on debt financing transactions resulting from debt extinguishment and modification accounting for the three and six months ended June 30, 2022. No such transactions occurred during the three and six months ended June 30, 2023.

	Three and Six Months Ended June 30, 2022
Repayment of principal balance at premium	$	90
Unamortized debt discount and deferred financing costs, net	57
Total loss on debt refinancing transactions	$	147

For additional information regarding the terms of our credit facilities and Senior Notes, see Note 15 in our 2022 10-K.