Revenue Recognition

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue Recognition

The following table disaggregates our revenues by type within each of our reportable business segments:

	Three Months Ended March 31,
	2025		2024
Gaming
Gaming operations	$	173	$	164
Gaming machine sales	208		205
Gaming systems	63		60
Table products	51		47
Total	$	495	$	476
SciPlay
Third-party platforms and other(1)	$	175	$	194
Direct-to-consumer platforms	27		12
Total	$	202	$	206
iGaming	$	77	$	74
(1) Other primarily represents advertising revenue, which was not material for the periods presented.

The amount of rental income revenue included in services revenue within the consolidated statement of operations that is outside the scope of ASC 606 was $138 million and $127 million for the three months ended March 31, 2025 and 2024, respectively.

Contract Liabilities and Other Disclosures

The following table summarizes the activity in our contract liabilities for the reporting period:

	Three Months Ended March 31, 2025
Contract liability balance, beginning of period(1)	$	21
Liabilities recognized during the period	10
Amounts recognized in revenue from beginning balance	(8)
Contract liability balance, end of period(1)	$	23
(1) Contract liabilities are included within Accrued liabilities and Other long-term liabilities in our consolidated balance sheets.

The timing of revenue recognition, billings and cash collections results in billed receivables, unbilled receivables (contract assets), and customer advances and deposits (contract liabilities) on our consolidated balance sheets. Other than contracts with customers with financing arrangements exceeding 12 months, revenue recognition is generally proximal to conversion to cash. The following table summarizes our balances in these accounts for the periods indicated (other than contract liabilities disclosed above):

	Receivables		Contract Assets(1)
Beginning of period balance	$	682	$	43
End of period balance, March 31, 2025	722		45
(1) Contract assets are included primarily within Prepaid expenses, deposits and other current assets in our consolidated balance sheets.

As of March 31, 2025, we did not have material unsatisfied performance obligations for contracts expected to be long-term or contracts for which we recognize revenue at an amount other than that for which we have the right to invoice for goods or services delivered or performed.