CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 914	$ 585
Restricted cash	47	41
Receivables, net of allowance for credit losses of $38 and $52, respectively	455	423
Inventories	161	98
Prepaid expenses, deposits and other current assets	117	88
Assets of businesses held for sale	0	497
Total current assets	1,694	1,732
Non-current assets:
Restricted cash	6	9
Receivables, net of allowance for credit losses of $2 and $2, respectively	14	17
Property and equipment, net	204	213
Operating lease right-of-use assets	49	51
Goodwill	2,919	2,892
Intangible assets, net	797	946
Software, net	145	117
Deferred income taxes	114	349
Other assets	67	80
Assets of businesses held for sale	0	1,477
Total assets	6,009	7,883
Current liabilities:
Current portion of long-term debt	24	44
Accounts payable	154	204
Accrued liabilities	380	428
Income taxes payable	64	16
Liabilities of businesses held for sale	0	282
Total current liabilities	622	974
Deferred income taxes	87	35
Operating lease liabilities	37	40
Other long-term liabilities	232	170
Long-term debt, excluding current portion	3,870	8,646
Liabilities of businesses held for sale	0	124
Total liabilities	4,848	9,989
Commitments and contingencies (Note 20)
Stockholders’ equity (deficit):
Common stock, par value $0.001 per share, 199 shares authorized; 115 and 114 shares issued, respectively, and 91 and 97 shares outstanding, respectively	1	1
Additional paid-in capital	1,370	1,337
Retained earnings (accumulated loss)	517	(3,158)
Treasury stock, at cost, 24 and 17 shares, respectively	(580)	(175)
Accumulated other comprehensive loss	(318)	(261)
Total L&W stockholders’ equity (deficit)	990	(2,256)
Noncontrolling interest	171	150
Total stockholders’ equity (deficit)	1,161	(2,106)
Total liabilities and stockholders’ equity (deficit)	$ 6,009	$ 7,883