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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of debt outstanding
The following table reflects our outstanding debt:
As of December 31,
20222021
 Final MaturityRate(s)Face ValueUnamortized debt discount/premium and deferred financing costs, netBook ValueBook Value
Senior Secured Credit Facilities:
LNWI Term Loan B-52024variable$— $— $— $3,982 
SciPlay Revolver2024variable— — — — 
LNWI Revolver2027variable— — — — 
LNWI Term Loan B2029variable2,189 (30)2,159 — 
LNWI Senior Notes:
2025 Secured Notes20255.000%— — — 1,240 
2026 Secured Euro Notes20263.375%— — — 364 
2025 Unsecured Notes20258.625%550 (5)545 544 
2026 Unsecured Euro Notes20265.500%— — — 280 
2026 Unsecured Notes20268.250%— — — 1,090 
2028 Unsecured Notes20287.000%700 (7)693 692 
2029 Unsecured Notes20297.250%500 (5)495 494 
Other2023—2 — 2 4 
Total long-term debt outstanding$3,941 $(47)$3,894 $8,690 
Less: current portion of long-term debt(24)(44)
Long-term debt, excluding current portion$3,870 $8,646 
Fair value of debt(1)
$3,867 
(1) 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.
Schedule of debt and capital lease payments due over the next five years and beyond
The following reflects the principal amount of debt payments due over the next five years and beyond as of December 31, 2022:
DueTotal Principal DueSeries of DebtPrincipal Due per Series of Debt
2023$24 Term Loan B$22 
Other2 
202422 Term Loan B22 
2025572 2025 Unsecured Notes550 
Term Loan B22 
202622 Term Loan B22 
202722 Term Loan B22 
Drawn Revolving Credit Facility— 
2028 and beyond3,279 2028 Unsecured Notes700 
2029 Unsecured Notes500 
Term Loan B2,079 
Unamortized deferred financing costs and discount/premium(47)
Total debt book value as of December 31, 2022
$3,894 
Summary of note ranking, guarantees, and collateral
The following table sets forth the date of the indenture, redemption prices and dates and ranking, guarantees and collateral for each of our outstanding series of notes:
Series of Notes
Indenture Date
Redeemable at Make Whole Price Prior To(1)
Ranking, Guarantees and Collateral
2025 Unsecured NotesJuly 1, 2020July 1, 2022Senior Unsecured
2028 Unsecured NotesNovember 26, 2019May 15, 2023Senior Unsecured
2029 Unsecured Notes
November 26, 2019
November 15, 2024
Senior Unsecured
(1) Refers to the date prior to which such series of notes may be redeemed at a redemption price equal to 100% of the principal amount of such notes plus accrued and unpaid interest, if any, to the date of redemption plus a “make whole” premium. On or after such date, such notes may be redeemed at the prices specified in the indenture governing such notes.
Schedule of components of extinguishment and modification of debt
The following are components of the loss on debt financing transactions resulting from debt extinguishment and modification accounting:
Years Ended December 31,
202220212020
Repayment of principal balance at premium$90 $— $— 
Unamortized debt (premium) discount and deferred financing costs, net57 — — 
Third party debt issuance fees— — 1 
Total loss on debt financing transactions$147 $— $1