Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Gains on Interest Rate Swaps

The following table shows the (loss) gain and interest income on our interest rate swap contracts:

	Three Months Ended March 31,
	2025		2024
(Loss) gain recorded in accumulated other comprehensive loss, net of tax	$	(5)	$	6
Interest income related to interest rate swap contracts recorded in interest expense	3		4

Schedule of Effect of Interest Rate Swap Contracts Designated as Cash Flow Hedges

The following table shows the effect of interest rate swap contracts designated as cash flow hedges on interest expense in the consolidated statements of income:

	Three Months Ended March 31,
	2025		2024
Total interest expense which reflects the effects of cash flow hedges	$	(68)	$	(75)
Hedged item	(5)		(5)
Derivative designated as hedging instrument	8		9

Schedule of Assets Measured at Fair Value on a Recurring Basis

The following table shows the fair value of our hedges:

		As of
	Balance Sheet Line Item	March 31, 2025		December 31, 2024
Interest rate swaps	Other assets	$	13	$	19

Schedule of Changes in Contingent Acquisition Consideration Liabilities

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.

	Total		Included in Accrued Liabilities		Included in Other Long-Term Liabilities
Balance 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.