CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023	Sep. 30, 2022
Revenue:
Total revenue		$ 731	$ 648		$ 2,131	$ 1,830
Operating expenses:
Selling, general and administrative		204	181		599	535
Research and development		55	56		168	163
Depreciation, amortization and impairments		90	102		298	317
Restructuring and other		17	27		66	106
Operating income		147	89		362	175
Other (expense) income:
Interest expense		(78)	(68)		(231)	(254)
Loss on debt financing transactions		(15)	0		(15)	(147)
Gain on remeasurement of debt and other		0	0		0	27
Other income, net		40	3		23	10
Total other expense, net		(53)	(65)		(223)	(364)
Net income (loss) from continuing operations before income taxes		94	24		139	(189)
Income tax expense		(14)	(4)		(27)	(8)
Net income (loss) from continuing operations		80	20		112	(197)
Net income from discontinued operations, net of tax(2)		0	315	[1]	0	3,855	[1]
Net income		80	335		112	3,658
Less: Net income attributable to noncontrolling interest		5	7		16	13
Net income attributable to L&W		$ 75	$ 328		$ 96	$ 3,645
Per Share - Basic:
Net income (loss) from continuing operations (in dollars per share)		$ 0.83	$ 0.14		$ 1.05	$ (2.20)
Net income from discontinued operations (in dollars per share)		0	3.33		0	40.43
Net income attributable to L&W (in dollars per share)		0.83	3.47		1.05	38.23
Per Share - Diluted:
Net income (loss) from continuing operations (in dollars per share)		0.81	0.14		1.03	(2.20)
Net income from discontinued operations (in dollars per share)		0	3.28		0	40.43
Net income attributable to L&W (in dollars per share)		$ 0.81	$ 3.42		$ 1.03	$ 38.23
Weighted average number of shares used in per share calculations:
Basic (in shares)		91	94		91	95
Diluted (in shares)		92	96		93	95
Services
Revenue:
Total revenue		$ 503	$ 453		$ 1,476	$ 1,329
Operating expenses:
Cost of goods and services sold	[2]	113	101		331	283
Products
Revenue:
Total revenue		228	195		655	501
Operating expenses:
Cost of goods and services sold	[2]	$ 105	$ 92		$ 307	$ 251

[1] (2) The three and nine months ended September 30, 2022 include a pre-tax gain of $362 million and $4,930 million, respectively, on the sale of discontinued operations (see Note 2).

[2] (1) Excludes depreciation, amortization, and impairments.