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Other Current Liabilities | 3 Months Ended
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Mar. 31, 2024
Other Liabilities, Current [Abstract] |
Other Current Liabilities |
10. | OTHER CURRENT LIABILITIES
Other current liabilities consisted of the following as of March 31, 2024 and December 31, 2023:
($ in millions) |  | As of March 31, 2024 |  |  | As of December 31, 2023 |
Accrued expenses |  | $ | 1,031 |  |  | $ | 945 |
Betting duty, data rights, and product and race field fees |  |  | 444 |  |  |  | 453 |
Employee benefits |  |  | 192 |  |  |  | 330 |
Sports betting open positions |  |  | 110 |  |  |  | 119 |
Derivatives liability |  |  | 145 |  |  |  | 156 |
Current tax payables |  |  | 123 |  |  |  | 94 |
Loss contingencies |  |  | 79 |  |  |  | 74 |
Indirect and payroll taxes |  |  | 155 |  |  |  | 155 |
Deferred consideration |  |  | 26 |  |  |  | — |
Total other current liabilities |  | $ | 2,305 |  |  | $ | 2,326 |
Loss contingencies include accruals related to regulatory investigations and proceedings including those relating to gaming taxes to the extent to which they may apply to our business and industry. The Group includes contract liability in relation to sports betting open positions in the Consolidated Balance Sheet. The contract liability balance was as follows:
|  | For the three months ended March 31, 2024 |
Contract liability, beginning of the reporting period |  | $ | 119 |
Contract liability, end of the reporting period |  |  | 110 |
Revenue recognized in the period from amounts included in contract liability at the beginning of the reporting period |  |  | 119 |
Revenue recognized related to the contract liability for the three months ended March 31, 2023 , was $113 million.

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- Definition The entire disclosure for other liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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