Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2025

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


	Year Ended December 31,
	2025		2024		2023
Gaming
Gaming operations	$	860	$	690	$	661
Gaming machine sales	821		865		708
Gaming systems	285		302		268
Table products	217		211		213
Total	$	2,183	$	2,068	$	1,850
SciPlay
Third-party platforms and other(1)	$	644	$	733	$	768
Direct-to-consumer platforms	150		88		9
Total	$	794	$	821	$	777
iGaming	$	337	$	299	$	275
(1) Other primarily represents advertising revenue, which was not material in the periods presented.

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


	Year Ended December 31, 2025
Contract liability balance, beginning of period(1)	$	21
Liabilities recognized during the period	24
Amounts recognized in revenue from beginning balance	(17)
Contract liability balance, end of period(1)	$	28
(1) Contract liabilities are included within Accrued liabilities and Other long-term liabilities in our consolidated balance sheets.

The following table summarizes our opening and closing balances in our receivables and contract assets:


	Receivables		Contract Assets(1)
End of period balance, December 31, 2024	$	682	$	43
End of period balance, December 31, 2025	785		43


(1) Contract assets are included primarily within Prepaid expenses, deposits and other current assets in our consolidated balance sheets.

Light & Wonder, Inc. 10-K