Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of losses (gains) on interest rate swaps

The following table shows the gain and interest expense on our interest rate swap contracts:

	Year Ended December 31,
	2023		2022		2021
(Loss) gain recorded in accumulated other comprehensive loss, net of tax	$	(7)	$	27	$	14
Interest income (expense) recorded related to interest rate swap contracts	15		(7)		(19)

Schedule of Effect of Interest Rate Swap Contracts Designated as Cash Flow Hedges

The following table shows the effect of interest rate swap contracts designated as cash flow hedges on interest expense in the consolidated statements of operations:

	Year Ended December 31,
	2023		2022		2021
Total interest expense which reflects the effects of cash flow hedges	$	(309)	$	(327)	$	(478)
Hedged item	(20)		(17)		(20)
Derivative designated as hedging instrument	35		10		1

Schedule of fair value hedges

The following table shows the fair value of our hedges:

		As of December 31,
	Balance Sheet Line Item	2023		2022
Interest rate swaps(1)	Other assets	$	20	$	30
(1) The inputs used to measure the fair value of our interest rate swap contracts are categorized as Level 2 in the fair value hierarchy.

Asset Acquisition, Contingent Consideration

The table below reconciles the change in the contingent acquisition consideration liabilities (including deferred purchase price) for the period from December 31, 2022 to December 31, 2023.

	Total		Included in Accrued Liabilities		Included in Other Long-Term Liabilities
Balance as of December 31, 2022	$	79	$	34	$	45
Payments	(35)
Fair value adjustments(1)	19
Other adjustments(2)	(4)
Balance as of December 31, 2023	$	59	$	39	$	20
(1) Amount included in Restructuring and other (see Note 5).
(2) Primarily represents extinguishment of $3 million in redeemable non-controlling interest liability associated with SciPlay’s acquisition of Alictus Yazilim Anonim Şirketi in 2022, as specified financial targets for the first year were not met. The charge was recorded in other income, net in our consolidated statements of operations.