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Segment Information | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | Note 22: Segment Information The Company's reportable operating segments are as follows: Banking and Retail. Segment operating profit as disclosed herein is consistent with the segment profit or loss measure used by the CODM and does not include corporate charges, amortization of acquired intangible assets, asset impairment, restructuring and transformation charges, the results of the held-for-sale European retail business, or other non-routine, unusual or infrequently occurring items, as the CODM does not regularly review and use such financial measures to make decisions, allocate resources and assess performance. Segment revenue represents revenues from sales to external customers. Segment operating profit is defined as revenues less expenses directly attributable to the segments. The Company does not allocate to its segments certain operating expenses which are managed at the headquarters level; that are not used in the management of the segments, not segment-specific, and impractical to allocate. In some cases the allocation of corporate charges has changed from the legacy structure to the new structure, but prior periods have been recast to conform to the new presentation. Segment operating profit reconciles to consolidated Profit (loss) before taxes by deducting items that are not attributed to the segments and which are managed independently of segment results. Assets are not allocated to segments, and thus are not included in the assessment of segment performance, and consequently, we do not disclose total assets and depreciation and amortization expense by reportable operating segment. 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. 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 The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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