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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Summary of Segment Information | The following tables present information regarding the Company’s segment performance and provide a reconciliation between segment operating profit and the consolidated Profit (loss) before taxes:
|  | Successor |  |  | Predecessor |  |
|  | Period from |  |  | Period from |  | Three months ended |  |
|  | 08/12/2023 through 09/30/2023 |  |  | 07/01/2023 through 08/11/2023 |  | September 30, 2022 |  |  |  |
Net sales summary by segment |  |  |  |  |  |  |  |  |  |  |
Banking |  | $ | 409.0 |  |  |  | $ | 253.2 |  |  | $ | 580.3 |  |  |  |  |
Retail |  | 181.1 |  |  |  | 97.2 |  |  | 225.0 |  |  |  |  |
Held for sale non-core European retail business(7) |  | 1.7 |  |  |  | 1.2 |  |  | 5.1 |  |  |  |  |
Total revenue |  | $ | 591.8 |  |  |  | $ | 351.6 |  |  | $ | 810.4 |  |  |  |  |
Segment operating profit |  |  |  |  |  |  |  |  |  |  |
Banking(8) |  | $ | 59.3 |  |  |  | $ | 29.3 |  |  | $ | 83.1 |  |  |  |  |
Retail |  | 31.3 |  |  |  | 15.1 |  |  | 31.1 |  |  |  |  |
Total segment operating profit |  | $ | 90.6 |  |  |  | $ | 44.4 |  |  | $ | 114.2 |  |  |  |  |
Corporate charges not allocated to segments(1) |  | $ | (47.0) |  |  |  | $ | (26.3) |  |  | $ | (54.2) |  |  |  |  |
Impairment of assets(2) |  | (1.1) |  |  |  | (0.6) |  |  | (4.1) |  |  |  |  |
Amortization of Wincor Nixdorf purchase accounting intangible assets(3) |  | — |  |  |  | (6.1) |  |  | (16.6) |  |  |  |  |
Restructuring and transformation expenses(4) |  | (5.1) |  |  |  | (4.8) |  |  | (20.7) |  |  |  |  |
Refinancing related costs(5) |  | 0.3 |  |  |  | (0.1) |  |  | (13.4) |  |  |  |  |
Net non-routine expense(6) |  | 0.2 |  |  |  | (4.7) |  |  | 5.3 |  |  |  |  |
Held for sale non-core European retail business(7) |  | (1.0) |  |  |  | (1.3) |  |  | (5.0) |  |  |  |  |
|  | (53.7) |  |  |  | (43.9) |  |  | (108.7) |  |  |  |  |
Operating profit |  | 36.9 |  |  |  | 0.5 |  |  | 5.5 |  |  |  |  |
Other (expense) income |  | (77.0) |  |  |  | 2,239.7 |  |  | (51.5) |  |  |  |  |
(Loss) profit before taxes |  | $ | (40.1) |  |  |  | $ | 2,240.2 |  |  | $ | (46.0) |  |  |  |  |
|  |  |  | Successor |  |  | Predecessor
|  |  |  | Period from |  |  | Period from |  | Nine months ended
|  |  |  |  |  | 08/12/2023 through 09/30/2023 |  |  | 01/01/2023 through 08/11/2023 |  | September 30, 2022
Net sales summary by segment |  |  |  |  |  |  |  |  |  |  |
Banking |  |  |  |  |  | $ | 409.0 |  |  |  | $ | 1,511.0 |  |  | $ | 1,733.3 |
Retail |  |  |  |  |  | 181.1 |  |  |  | 610.0 |  |  | 742.4 |
Held for sale non-core European retail business(7) |  |  |  |  |  | 1.7 |  |  |  | 10.9 |  |  | 16.2 |
Total revenue |  |  |  |  |  | $ | 591.8 |  |  |  | $ | 2,131.9 |  |  | $ | 2,491.9 |
Segment operating profit |  |  |  |  |  |  |  |  |  |  |
Banking(8) |  |  |  |  |  | $ | 59.3 |  |  |  | $ | 211.6 |  |  | $ | 209.4 |
Retail |  |  |  |  |  | 31.3 |  |  |  | 86.2 |  |  | 90.0 |
Total segment operating profit |  |  |  |  |  | $ | 90.6 |  |  |  | $ | 297.8 |  |  | $ | 299.4 |
Corporate charges not allocated to segments(1) |  |  |  |  |  | (47.0) |  |  |  | (159.8) |  |  | (188.0) |
Impairment of assets(2) |  |  |  |  |  | (1.1) |  |  |  | (3.3) |  |  | (64.7) |
Amortization of Wincor Nixdorf purchase accounting intangible assets(3) |  |  |  |  |  | — |  |  |  | (41.8) |  |  | (52.8) |
Restructuring and transformation expenses(4) |  |  |  |  |  | (5.1) |  |  |  | (38.4) |  |  | (98.9) |
Refinancing related costs(5) |  |  |  |  |  | 0.3 |  |  |  | (44.7) |  |  | (13.4) |
Net non-routine expense(6) |  |  |  |  |  | 0.2 |  |  |  | (7.4) |  |  | (34.3) |
Held for sale non-core European retail business(7) |  |  |  |  |  | (1.0) |  |  |  | (7.9) |  |  | (16.7) |
|  |  |  |  |  | (53.7) |  |  |  | (303.3) |  |  | (468.8) |
Operating profit (loss) |  |  |  |  |  | 36.9 |  |  |  | (5.5) |  |  | (169.4) |
Other (expense) income |  |  |  |  |  | (77.0) |  |  |  | 1,453.9 |  |  | (142.1) |
(Loss) profit before taxes |  |  |  |  |  | $ | (40.1) |  |  |  | $ | 1,448.4 |  |  | $ | (311.5) |
(1) Corporate charges not allocated to segments include headquarter-based costs associated primarily with human resources, finance, IT and legal that are not directly attributable to a particular segment and are separately assessed by the CODM for purposes of making decisions, assessing performance and allocating resources. It also includes the impact of $2.8 of revenue reversed due to a legal settlement penalty during the Successor Period. (2) Impairment in the 2023 Successor Period primarily relates to German and Indian facilities. Impairment in the 2023 Predecessor Periods primarily relate to leased European facilities closures. Impairment during the nine months ended September 30, 2022 Predecessor Period was primarily comprised of $38.4 related to impairment of capitalized cloud-based North America ERP, and the Company impaired $16.8 of assets connected with the Company's operations in Russia, Ukraine and Belarus as a result of the Russian incursion into Ukraine and the related economic sanctions. (3) The amortization of purchase accounting intangible assets is not included in the segment results used by the CODM to make decisions, allocate resources or assess performance. (4) Refer to Note 11 for further information regarding restructurings. Consistent with the historical reportable segment structure, restructuring and transformation costs are not assigned to the segments, and are separately analyzed by the CODM. (5) Refinancing related costs are fees earned by our advisors that have been accounted for as period expense. (6) Net non-routine expense consists of items that the Company has determined are non-routine in nature and not allocated to the reportable operating segments as they are not included in the measure used by the CODM to make decisions, allocate resources and assess performance. (7) Held for sale non-core European retail business represents the revenue and operating profit of a business that had been classified as held for sale in the Predecessor Period and sold during the Successor Period (see Note 15). It was removed in 2022 from the retail segment's information used by the CODM to make decisions, assess performance and allocate resources, and now is individually analyzed. This change and timing thereof aligns with the build-out of a data center that makes the entity capable of operating autonomously and is consistent with material provided in connection with our refinancing effort which are exclusive of this entity. (8) Excludes $2.8 of revenue reversed due to a legal settlement penalty during the Successor period.
Schedule Of Revenue From External Customers By Product And Service Solution | The following table presents information regarding the Company’s segment net sales by service and product solution:
|  | Successor |  |  | Predecessor |  |
|  | Period from |  |  | Period from |  | Three months ended |  |
|  | 08/12/2023 through 09/30/2023 |  |  | 07/01/2023 through 08/11/2023 |  | September 30, 2022 |  |  |  |
Segments |  |  |  |  |  |  |  |  |  |  |
Banking |  |  |  |  |  |  |  |  |  |  |
Services |  | $ | 228.4 |  |  |  | $ | 173.0 |  |  | $ | 379.9 |  |  |  |  |
Products |  | 180.6 |  |  |  | 80.2 |  |  | 200.4 |  |  |  |  |
Total Banking |  | 409.0 |  |  |  | 253.2 |  |  | 580.3 |  |  |  |  |
Retail |  |  |  |  |  |  |  |  |  |  |
Services |  | 76.0 |  |  |  | 66.7 |  |  | 130.4 |  |  |  |  |
Products |  | 105.1 |  |  |  | 30.5 |  |  | 94.6 |  |  |  |  |
Total Retail |  | 181.1 |  |  |  | 97.2 |  |  | 225.0 |  |  |  |  |
Held for sale non-core European retail business |  |  |  |  |  |  |  |  |  |  |
Services |  | 1.1 |  |  |  | 0.9 |  |  | 4.0 |  |  |  |  |
Products |  | 0.6 |  |  |  | 0.3 |  |  | 1.1 |  |  |  |  |
Total revenue |  | $ | 591.8 |  |  |  | $ | 351.6 |  |  | $ | 810.4 |  |  |  |  |
|  |  |  | Successor |  |  | Predecessor
|  |  |  | Period from |  |  | Period from |  | Nine months ended
|  |  |  |  |  | 08/12/2023 through 09/30/2023 |  |  | 01/01/2023 through 08/11/2023 |  | September 30, 2022
Segments |  |  |  |  |  |  |  |  |  |  |
Banking |  |  |  |  |  |  |  |  |  |  |
Services |  |  |  |  |  | $ | 228.4 |  |  |  | $ | 954.3 |  |  | $ | 1,152.9 |
Products |  |  |  |  |  | 180.6 |  |  |  | 556.7 |  |  | 580.4 |
Total Banking |  |  |  |  |  | 409.0 |  |  |  | 1,511.0 |  |  | 1,733.3 |
Retail |  |  |  |  |  |  |  |  |  |  |
Services |  |  |  |  |  | 76.0 |  |  |  | 335.2 |  |  | 405.6 |
Products |  |  |  |  |  | 105.1 |  |  |  | 274.8 |  |  | 336.8 |
Total Retail |  |  |  |  |  | 181.1 |  |  |  | 610.0 |  |  | 742.4 |
Held for sale non-core European retail business |  |  |  |  |  |  |  |  |  |  |
Services |  |  |  |  |  | 1.1 |  |  |  | 5.5 |  |  | 7.4 |
Products |  |  |  |  |  | 0.6 |  |  |  | 5.4 |  |  | 8.8 |
Total revenue |  |  |  |  |  | $ | 591.8 |  |  |  | $ | 2,131.9 |  |  | $ | 2,491.9 |

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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