CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue:
Revenue		$ 817	$ 731	$ 2,391	$ 2,131
Operating expenses:
Selling, general and administrative		220	204	657	599
Research and development		66	55	194	168
Depreciation, amortization and impairments		90	90	264	298
Restructuring and other		36	17	76	66
Operating income		159	147	500	362
Other (expense) income:
Interest expense		(73)	(78)	(223)	(231)
Loss on debt financing transactions		(2)	(15)	(2)	(15)
Other (expense) income, net		(3)	40	14	23
Total other expense, net		(78)	(53)	(211)	(223)
Net income before income taxes		81	94	289	139
Income tax expense		(17)	(14)	(61)	(27)
Net income		64	80	228	112
Less: Net income attributable to noncontrolling interest		0	5	0	16
Net income attributable to L&W		$ 64	$ 75	$ 228	$ 96
Per Share - Basic:
Net income attributable to L&W		$ 0.72	$ 0.83	$ 2.55	$ 1.05
Per Share - Diluted:
Net income attributable to L&W		$ 0.71	$ 0.81	$ 2.49	$ 1.03
Weighted average number of shares used in per share calculations:
Basic shares		89	91	90	91
Diluted shares		91	92	92	93
Services
Revenue:
Revenue		$ 530	$ 503	$ 1,573	$ 1,476
Operating expenses:
Cost of revenue	[1]	112	113	334	331
Products
Revenue:
Revenue		287	228	818	655
Operating expenses:
Cost of revenue	[1]	$ 134	$ 105	$ 366	$ 307

[1] (1) Excludes D&A.