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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2024
Stockholders' Equity Note [Abstract] |
Statements of Changes in Stockholders' Equity | The following tables present certain information regarding our stockholders’ equity as of September 30, 2024 and 2023:
| Nine Months Ended September 30, 2024
| Common Stock |  | Additional Paid in Capital |  | Retained Earnings |  | Treasury Stock |  | Accumulated Other Comprehensive Loss |  |  |  | Total
January 1, 2024 | $ | 1 |  |  | $ | 1,118 |  |  | $ | 680 |  |  | $ | (751) |  |  | $ | (283) |  |  |  |  | $ | 765 |
Settlement of liability awards | — |  |  | 65 |  |  | — |  |  | — |  |  | — |  |  |  |  | 65 |
Vesting of RSUs, net of tax withholdings and other | — |  |  | (43) |  |  | — |  |  | — |  |  | — |  |  |  |  | (43) |
Purchase of treasury stock(1) | — |  |  | — |  |  | — |  |  | (25) |  |  | — |  |  |  |  | (25) |
Stock-based compensation | — |  |  | 14 |  |  | — |  |  | — |  |  | — |  |  |  |  | 14 |
Net income | — |  |  | — |  |  | 82 |  |  | — |  |  | — |  |  |  |  | 82 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (23) |  |  |  |  | (23) |
March 31, 2024 | $ | 1 |  |  | $ | 1,154 |  |  | $ | 762 |  |  | $ | (776) |  |  | $ | (306) |  |  |  |  | $ | 835 |
Vesting of RSUs, net of tax withholdings and other | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  |  |  | 1 |
Purchase of treasury stock(1) | — |  |  | — |  |  | — |  |  | (151) |  |  | — |  |  |  |  | (151) |
Stock-based compensation | — |  |  | 20 |  |  | — |  |  | — |  |  | — |  |  |  |  | 20 |
Net income | — |  |  | — |  |  | 82 |  |  | — |  |  | — |  |  |  |  | 82 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  |  |  | (1) |
June 30, 2024 | $ | 1 |  |  | $ | 1,175 |  |  | $ | 844 |  |  | $ | (927) |  |  | $ | (307) |  |  |  |  | $ | 786 |
Vesting of RSUs, net of tax withholdings and other | — |  |  | (10) |  |  | — |  |  | — |  |  | — |  |  |  |  | (10) |
Purchase of treasury stock(1) | — |  |  | — |  |  | — |  |  | (45) |  |  | — |  |  |  |  | (45) |
Stock-based compensation | — |  |  | 17 |  |  | — |  |  | — |  |  | — |  |  |  |  | 17 |
Net income | — |  |  | — |  |  | 64 |  |  | — |  |  | — |  |  |  |  | 64 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | 46 |  |  |  |  | 46 |
September 30, 2024 | $ | 1 |  |  | $ | 1,182 |  |  | $ | 908 |  |  | $ | (972) |  |  | $ | (261) |  |  |  |  | $ | 858 |
(1) Includes excise taxes of $1 million for the nine months ended September 30, 2024.
| Nine Months Ended September 30, 2023
| Common Stock |  | Additional Paid in Capital |  | Retained Earnings |  | Treasury Stock |  | Accumulated Other Comprehensive Loss |  | Noncontrolling Interest |  | Total
January 1, 2023 | $ | 1 |  |  | $ | 1,370 |  |  | $ | 517 |  |  | $ | (580) |  |  | $ | (318) |  |  | $ | 171 |  |  | $ | 1,161 |
Settlement of liability awards | — |  |  | 25 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25 |
Vesting of RSUs, net of tax withholdings and other | — |  |  | (14) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (14) |
Purchase of treasury stock | — |  |  | — |  |  | — |  |  | (28) |  |  | — |  |  | — |  |  | (28) |
Purchase of SciPlay’s Class A common stock | — |  |  | (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (8) |
Stock-based compensation | — |  |  | 15 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15 |
Net income | — |  |  | — |  |  | 22 |  |  | — |  |  | — |  |  | 5 |  |  | 27 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
March 31, 2023 | $ | 1 |  |  | $ | 1,388 |  |  | $ | 539 |  |  | $ | (608) |  |  | $ | (312) |  |  | $ | 176 |  |  | $ | 1,184 |
Vesting of RSUs, net of tax withholdings and other | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Purchase of treasury stock | — |  |  | — |  |  | — |  |  | (5) |  |  | — |  |  | — |  |  | (5) |
Purchase of SciPlay’s Class A common stock | — |  |  | (15) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (15) |
Stock-based compensation | — |  |  | 13 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13 |
Net (loss) income | — |  |  | — |  |  | (1) |  |  | — |  |  | — |  |  | 6 |  |  | 5 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | 47 |  |  | — |  |  | 47 |
June 30, 2023 | $ | 1 |  |  | $ | 1,387 |  |  | $ | 538 |  |  | $ | (613) |  |  | $ | (265) |  |  | $ | 182 |  |  | $ | 1,230 |
Vesting of RSUs, net of tax withholdings and other | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |
Purchase of treasury stock(1) | — |  |  | — |  |  | — |  |  | (113) |  |  | — |  |  | — |  |  | (113) |
Stock-based compensation | — |  |  | 12 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12 |
Net income | — |  |  | — |  |  | 75 |  |  | — |  |  | — |  |  | 5 |  |  | 80 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (66) |  |  | — |  |  | (66) |
September 30, 2023 | $ | 1 |  |  | $ | 1,402 |  |  | $ | 613 |  |  | $ | (726) |  |  | $ | (331) |  |  | $ | 187 |  |  | $ | 1,146 |
(1) Includes excise taxes of $1 million for the three and nine months ended September 30, 2023.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | The following reflects total stock-based compensation expense recognized under all programs:
|  |  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
|  |  |  |  | 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Related to L&W RSUs |  |  |  |  | $ | 29 |  |  | $ | 19 |  |  | $ | 82 |  |  | $ | 59 |  |  |
Related to SciPlay RSUs |  |  |  |  | — |  |  | 12 |  |  | — |  |  | 26 |  |  |
Total(1) |  |  |  |  | $ | 29 |  |  | $ | 31 |  |  | $ | 82 |  |  | $ | 85 |  |  |
(1) Includes $12 million and $31 million of stock-based compensation classified as liability awards for the three and nine months ended September 30, 2024, respectively, and $19 million and $45 million for the three and nine months ended September 30, 2023, respectively.
RSUs Outstanding Under Equity-based Compensation Plans | A summary of the changes in RSUs outstanding under our equity-based compensation plans during the nine months ended September 30, 2024 is presented below:
| Number of Restricted Stock Units |  | Weighted Average Grant Date Fair Value
Unvested RSUs as of December 31, 2023 | 2.3 |  |  | $ | 55.53 |
Granted | 1.4 |  |  | $ | 99.59 |
Vested | (1.6) |  |  | $ | 69.47 |
Cancelled | (0.1) |  |  | $ | 59.55 |
Unvested RSUs as of September 30, 2024 | 2.0 |  |  | $ | 74.58 |

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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2 + Details
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