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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Total revenue $ 648 $ 539 $ 1,830 $ 1,572
Operating expenses:        
Selling, general and administrative 181 164 535 502
Research and development 56 47 163 140
Depreciation, amortization and impairments 102 96 317 289
Restructuring and other 27 45 106 96
Operating income 89 34 175 106
Other (expense) income:        
Interest expense (68) (120) (254) (360)
Loss on debt financing transactions 0 0 (147) 0
Gain on remeasurement of debt and other 0 12 27 30
Other income, net 3 2 10 22
Total other expense, net (65) (106) (364) (308)
Net income (loss) from continuing operations before income taxes 24 (72) (189) (202)
Income tax (expense) benefit (4) 172 (8) 164
Net income (loss) from continuing operations 20 100 (197) (38)
Net income from discontinued operations, net of tax(2) 315 87 3,855 329
Net income 335 187 3,658 291
Less: Net income attributable to noncontrolling interest 7 5 13 15
Net income attributable to L&W $ 328 $ 182 $ 3,645 $ 276
Per Share - Basic:        
Net loss from continuing operations (in dollars per share) $ 0.14 $ 0.99 $ (2.20) $ (0.55)
Net income from discontinued operations (in dollars per share) 3.33 0.90 40.43 3.43
Net income (loss) attributable to SGC (in dollars per share) 3.47 1.89 38.23 2.88
Per Share - Diluted:        
Net loss from continuing operations (in dollars per share) 0.14 0.96 (2.20) (0.55)
Net income from discontinued operations (in dollars per share) 3.28 0.88 40.43 3.43
Net income (loss) attributable to SGC (in dollars per share) $ 3.42 $ 1.84 $ 38.23 $ 2.88
Weighted average number of shares used in per share calculations:        
Basic (in shares) 94 96 95 96
Diluted (in shares) 96 99 95 96
Services        
Revenue:        
Total revenue $ 453 $ 408 $ 1,329 $ 1,216
Operating expenses:        
Cost of goods and services sold 101 90 283 273
Product sales        
Revenue:        
Total revenue 195 131 501 356
Operating expenses:        
Cost of goods and services sold $ 92 $ 63 $ 251 $ 166