XML 34 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenue $ 539 $ 432 $ 1,572 $ 1,219
Operating expenses:        
Selling, general and administrative 164 146 502 459
Research and development 47 36 140 110
Depreciation, amortization and impairments 96 111 289 336
Goodwill impairment 0 0 0 54
Restructuring and other 45 17 96 48
Operating income (loss) 34 (30) 106 (235)
Other (expense) income:        
Interest expense (120) (131) (360) (379)
Loss on debt financing transactions 0 (1) 0 (1)
Gain (loss) on remeasurement of debt 12 (24) 30 (26)
Other income (expense), net 2 2 22 (8)
Total other expense, net (106) (154) (308) (414)
Net loss from continuing operations before income taxes (72) (184) (202) (649)
Income tax benefit (expense) 172 (3) 164 (8)
Net income (loss) from continuing operations 100 (187) (38) (657)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 87 76 329 193
Net income (loss) from continuing operations $ 187 $ (111) 291 (464)
Net income (loss) attributable to SGC     $ 276 $ (479)
Per Share - Basic:        
Net income (loss) from continuing operations (in dollars per share) $ 0.99 $ (2.03) $ (0.55) $ (7.14)
Net income (loss) from discontinued operations (in dollars per share) 0.90 0.80 3.43 2.05
Net income (loss) attributable to SGC (in dollars per share) 1.89 (1.23) 2.88 (5.09)
Per Share - Diluted:        
Net income (loss) from continuing operations (in dollars per share) 0.96 (2.03) (0.55) (7.14)
Net income (loss) from discontinued operations (in dollars per share) 0.88 0.80 3.43 2.05
Net income (loss) attributable to SGC (in dollars per share) $ 1.84 $ (1.23) $ 2.88 $ (5.09)
Weighted average number of shares used in per share calculations:        
Basic (in shares) 96 95 96 94
Diluted (in shares) 99 95 96 94
Accumulated Loss        
Other (expense) income:        
Net income (loss) from continuing operations $ 182      
Net income (loss) attributable to SGC 182 $ (117)    
Noncontrolling Interest        
Other (expense) income:        
Less: Net income attributable to noncontrolling interest 5 6 $ 15 $ 15
Services        
Revenue:        
Total revenue 408 337 1,216 919
Operating expenses:        
Cost of Goods and Services Sold 90 86 273 250
Product sales        
Revenue:        
Total revenue 131 95 356 300
Operating expenses:        
Cost of Goods and Services Sold $ 63 $ 66 $ 166 $ 197