CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,277	$ 585
Restricted cash	42	41
Receivables, net of allowance for credit losses $41 and $52, respectively	426	423
Inventories	137	98
Prepaid expenses, deposits and other current assets	166	88
Assets of businesses held for sale	0	497
Total current assets	2,048	1,732
Non-current assets:
Restricted cash	7	9
Receivables, net of allowance for credit losses $2 and $2, respectively	16	17
Property and equipment, net	202	213
Operating lease right-of-use assets	51	51
Goodwill	2,865	2,892
Intangible assets, net	767	946
Software, net	130	117
Deferred income taxes	92	349
Other assets	68	80
Assets of businesses held for sale	0	1,477
Total assets	6,246	7,883
Current liabilities:
Current portion of long-term debt	24	44
Accounts payable	176	204
Accrued liabilities	352	428
Income taxes payable	250	16
Liabilities of businesses held for sale	0	282
Total current liabilities	802	974
Deferred income taxes	143	35
Operating lease liabilities	39	40
Other long-term liabilities	156	170
Long-term debt, excluding current portion	3,874	8,646
Liabilities of businesses held for sale	0	124
Total liabilities	5,014	9,989
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit):
Common stock, par value $0.001 per share, 199 shares authorized; 115 and 114 shares issued, respectively, and 94 and 97 shares outstanding, respectively	1	1
Additional paid-in capital	1,376	1,337
Retained earnings (accumulated loss)	487	(3,158)
Treasury stock, at cost, 21 and 17 shares, respectively	(378)	(175)
Accumulated other comprehensive loss	(415)	(261)
Total L&W stockholders’ equity (deficit)	1,071	(2,256)
Noncontrolling interest	161	150
Total stockholders’ equity (deficit)	1,232	(2,106)
Total liabilities and stockholders’ equity (deficit)	$ 6,246	$ 7,883