Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of losses (gains) on interest rate swaps

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

	Three Months Ended March 31,
	2024		2023
Gain (loss) recorded in accumulated other comprehensive loss, net of tax	$	6	$	(7)
Interest income recorded related to interest rate swap contracts	4		3

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 income:

	Three Months Ended March 31,
	2024		2023
Total interest expense which reflects the effects of cash flow hedges	$	(75)	$	(75)
Hedged item	(5)		(5)
Derivative designated as hedging instrument	9		8

Schedule of fair value hedges

The following table shows the fair value of our hedges:

		As of
	Balance Sheet Line Item	March 31, 2024		December 31, 2023
Interest rate swaps	Other assets	$	28	$	20

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, 2023 to March 31, 2024.

	Total		Included in Accrued Liabilities		Included in Other Long-Term Liabilities
Balance as of December 31, 2023	$	59	$	39	$	20
Payments	(1)
Fair value adjustments(1)	1
Other adjustments(2)	(5)
Balance as of March 31, 2024	$	54	$	41	$	13
(1) Amount included in Restructuring and other (see Note 4).
(2) Represents extinguishment of $5 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 second year were not met. The gain was recorded in other income (expense), net in our consolidated statements of income.