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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenue $ 572 $ 453
Operating expenses:    
Selling, general and administrative 175 159
Research and development 53 45
Depreciation, amortization and impairments 108 97
Restructuring and other 36 21
Operating income 40 4
Other (expense) income:    
Interest expense (116) (121)
Gain on remeasurement of debt 7 25
Other income, net 5 7
Total other expense, net (104) (89)
Net loss from continuing operations before income taxes (64) (85)
Income tax expense (3) (3)
Net loss from continuing operations (67) (88)
Net income from discontinued operations, net of tax 95 79
Net income (loss) 28 (9)
Net income (loss) attributable to L&W $ 26 $ (15)
Per Share - Basic:    
Net loss from continuing operations (in dollars per share) $ (0.72) $ (0.98)
Net income from discontinued operations (in dollars per share) 0.98 0.82
Net income (loss) attributable to SGC (in dollars per share) 0.26 (0.16)
Per Share - Diluted:    
Net loss from continuing operations (in dollars per share) (0.72) (0.98)
Net income from discontinued operations (in dollars per share) 0.98 0.82
Net income (loss) attributable to SGC (in dollars per share) $ 0.26 $ (0.16)
Weighted average number of shares used in per share calculations:    
Basic (in shares) 97 95
Diluted (in shares) 97 95
Accumulated Loss    
Other (expense) income:    
Net income (loss)   $ (15)
Noncontrolling Interest    
Other (expense) income:    
Net income (loss)   6
Less: comprehensive income attributable to noncontrolling interest $ 2 6
Services    
Revenue:    
Total revenue 431 364
Operating expenses:    
Cost of Goods and Services Sold 90 87
Product sales    
Revenue:    
Total revenue 141 89
Operating expenses:    
Cost of Goods and Services Sold $ 70 $ 40