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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule 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 Loss before taxes:

			Three months ended March 31,
			2025						2024
Banking			$	629.5					$	648.8
Retail			211.6						246.6
Total net sales by segment			$	841.1					$	895.4
Banking			468.1						483.6
Retail			159.8						186.6
Total segment cost of sales			$	627.9					$	670.2
Banking			161.5						165.2
Retail			51.7						60.0
Total segment gross profit			$	213.2					$	225.2
Banking			64.0						62.5
Retail			29.2						33.4
Total segment SG&A and other operating expenses			$	93.2					$	95.9
Banking			$	97.6					$	102.7
Retail			22.4						26.6
Total segment operating profit			$	120.0					$	129.3
Corporate charges not allocated to segments(1)			$	(72.1)					$	(62.9)
Restructuring and other saving initiative expenses(2)			(20.0)						(36.7)
Refinancing related costs(3)			—						(6.9)
Net non-routine income (expense)(4)			1.7						1.0
			(90.4)						(105.5)
Operating profit (loss)			29.6						23.8
Other income (expense)			(37.0)						(38.0)
Loss before taxes			$	(7.4)					$	(14.2)

(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.

(2)    Refer to Note 7 for further information regarding restructurings. Consistent with the historical reportable segment structure, restructuring and saving initiative costs are not assigned to the segments, and are separately analyzed by the CODM.

(3)    Refinancing related costs are fees earned by our advisors that have been accounted for as period expense.

(4)    Net non-routine income (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.

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:

			Three months ended March 31,
			2025						2024
Services			$	382.2					$	386.6
Products			247.3						262.2
Total Banking			629.5						648.8
Services			126.3						138.2
Products			85.3						108.4
Total Retail			211.6						246.6
Total revenue			$	841.1					$	895.4

X

- 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

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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

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