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Selected Quarterly Financial Data, Unaudited
12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data, Unaudited Selected Quarterly Financial Data, Unaudited
(in millions, except per share amounts)
Quarter Ended 2021
 March 31 (a)June 30 (b)September 30 (c)December 31 (d)
Total operating revenues$453 $581 $539 $580 
Total cost of revenues(1)
127 159 153 170 
Net (loss) income from continuing operations(88)(51)100 62 
Net income from discontinued operations, net of tax79 164 87 37 
Net (loss) income(9)113 187 99 
Net income attributable to noncontrolling interest
Net (loss) income attributable to SGC(15)109 182 95 
Per Share - Basic:
Net (loss) income from continuing operations$(0.98)$(0.58)$0.99 $0.60 
Net income from discontinued operations0.82 1.71 0.90 0.38 
Net (loss) income attributable to SGC$(0.16)$1.13 $1.89 $0.98 
Per Share - Diluted:
Net (loss) income from continuing operations$(0.98)$(0.58)$0.96 $0.58 
Net income from discontinued operations0.82 1.71 0.88 0.37 
Net (loss) income attributable to SGC$(0.16)$1.13 $1.84 $0.95 
Weighted average number of shares used in per share calculations:
Basic shares95 96 96 97 
Diluted shares95 96 99 100 
(1) Excludes D&A
(a) Includes a $25 million gain on remeasurement of debt and $6 million U.K. FOBT recovery (refer to Note 4 for additional information).
(b) Includes a $7 million loss on remeasurement of debt, $63 million gain related to the SportCast acquisition transaction (included in net income from discontinued operations, net of tax and and $38 million U.K. FOBT recovery (refer to Notes 4 and 10 for additional information).
(c) Includes a $12 million loss on remeasurement of debt and $181 million income tax benefit due to the reversal of a portion of our valuation allowance on our U.S. federal and state deferred tax assets (see Note 19 for additional information).
(d) Includes an $11 million gain on remeasurement of debt and income tax benefit of $71 million from the valuation allowance release (see Note 19).