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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 756 $ 670
Operating expenses:    
Selling, general and administrative 218 192
Research and development 62 54
Depreciation, amortization and impairments 86 101
Restructuring and other 6 19
Operating income 165 102
Other (expense) income:    
Interest expense (75) (75)
Other income (expense), net 10 (1)
Total other expense, net (65) (76)
Net income before income taxes 100 26
Income tax (expense) benefit (18) 1
Net income 82 27
Less: Net income attributable to noncontrolling interest 0 5
Net income attributable to L&W $ 82 $ 22
Per Share - Basic:    
Net income attributable to L&W $ 0.91 $ 0.24
Per Share - Diluted:    
Net income attributable to L&W $ 0.88 $ 0.23
Weighted average number of shares used in per share calculations:    
Basic shares 90 91
Diluted shares 92 93
Services    
Revenue:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 517 $ 477
Operating expenses:    
Cost of revenues [1] 112 108
Products    
Revenue:    
Revenue from Contract with Customer, Excluding Assessed Tax 239 193
Operating expenses:    
Cost of revenues [1] $ 107 $ 94
[1] (1) Excludes D&A.