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v3.23.3

Long-term Debt - Schedule of Outstanding Debt (Details) - USD ($) $ in Millions | Sep. 30, 2023 | Aug. 23, 2023 | Dec. 31, 2022
--- | --- | --- | ---
Debt Instrument |  |  |  |
Face value |  | $ 3,923 |  |
Unamortized debt discount/premium and deferred financing costs, net |  | 46 |  |
Book value |  | 3,877 |  | $ 3,894
Less: current portion of long-term debt |  | (22) |  | (24)
Long-term debt, excluding current portion |  | 3,855 |  | 3,870
Fair value of debt | [1] | 3,895 |  |
Secured Debt | Senior Secured Credit Facilities | SciPlay Revolver |  |  |  |
Debt Instrument |  |  |  |
Face value | [2] | 0 |  |
Unamortized debt discount/premium and deferred financing costs, net | [2] | 0 |  |
Book value | [2] | 0 |  | 0
Secured Debt | Senior Secured Credit Facilities | LNWI Revolver |  |  |  |
Debt Instrument |  |  |  |
Face value |  | 0 |  |
Unamortized debt discount/premium and deferred financing costs, net |  | 0 |  |
Book value |  | 0 |  | 0
Secured Debt | Senior Secured Credit Facilities | LNWI Term Loan B |  |  |  |
Debt Instrument |  |  |  |
Face value |  | 2,173 |  |
Unamortized debt discount/premium and deferred financing costs, net |  | 27 |  |
Book value |  | $ 2,146 |  | 2,159
Senior Notes | 2025 Unsecured Notes |  |  |  |
Debt Instrument |  |  |  |
Rate(s) |  | 8.625% |  |
Face value |  | $ 0 |  |
Unamortized debt discount/premium and deferred financing costs, net |  | 0 |  |
Book value |  | $ 0 |  | 545
Senior Notes | 2028 Unsecured Notes |  |  |  |
Debt Instrument |  |  |  |
Rate(s) |  | 7.00% |  |
Face value |  | $ 700 |  |
Unamortized debt discount/premium and deferred financing costs, net |  | 6 |  |
Book value |  | $ 694 |  | 693
Senior Notes | 2029 Unsecured Notes |  |  |  |
Debt Instrument |  |  |  |
Rate(s) |  | 7.25% |  |
Face value |  | $ 500 |  |
Unamortized debt discount/premium and deferred financing costs, net |  | 5 |  |
Book value |  | $ 495 |  | 495
Senior Notes | 2031 Unsecured Notes |  |  |  |
Debt Instrument |  |  |  |
Rate(s) |  | 7.50% | 7.50% |
Face value |  | $ 550 | $ 550 |
Unamortized debt discount/premium and deferred financing costs, net |  | 8 |  |
Book value |  | 542 |  | 0
Other | Other |  |  |  |
Debt Instrument |  |  |  |
Face value |  | 0 |  |
Unamortized debt discount/premium and deferred financing costs, net |  | 0 |  |
Book value |  | $ 0 |  | $ 2
[1] | (2) 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.
[2] | (1) On October 23, 2023, upon completion of the SciPlay Merger, the SciPlay Revolver was terminated.

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