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Commitments and Contingencies | 6 Months Ended
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Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies. Indirect Tax Contingencies. At June 30, 2025, the Company was a party to several routine indirect tax claims from various taxing authorities globally that were incurred in the normal course of business, which neither individually nor in the aggregate are considered material by management in relation to the Company’s financial position or results of operations. In management’s opinion, the condensed consolidated financial statements would not be materially affected by the outcome of these indirect tax claims and/or proceedings or asserted claims. Although management believes the Company has valid defenses with respect to its indirect tax positions, it is reasonably possible that a loss could occur in excess of the estimated liabilities. The Company estimated the aggregate risk at June 30, 2025 to be up to $56.1 for its material indirect tax matters. The aggregate risk related to indirect taxes is adjusted as the applicable statutes of limitations expire. Legal Contingencies. At June 30, 2025, the Company was a party to several lawsuits that were incurred in the normal course of business, which neither individually nor in the aggregate were considered material by management in relation to the Company’s financial position or results of operations. In management’s opinion, the Company's condensed consolidated financial statements would not be materially affected by the outcome of these legal proceedings or asserted claims. In addition to these normal course of business litigation matters, the Company was a party to the proceedings below. Diebold Nixdorf Holding Germany GmbH, formerly Diebold Nixdorf Holding Germany Inc. & Co. KGaA (Diebold KGaA), was a party to two appraisal proceedings initiated by former minority shareholders of its former listed subsidiary, Diebold Nixdorf AG. These proceedings related to (i) the adequacy of the compensation payments offered under a Domination and Profit and Loss Transfer Agreement (DPLTA) between Diebold KGaA and the former Diebold Nixdorf AG that became effective in 2017, and (ii) the adequacy of the cash exit compensation offered in connection with the cash merger squeeze-out of the remaining minority shareholders of Diebold Nixdorf AG in 2019. Both proceedings have now been resolved in favor of the Company. On June 5, 2025, and on July 7, 2025, respectively, the Higher Regional Court of Düsseldorf ruled for the Company in both the DPLTA and merger squeeze out proceedings and dismissed all appeals stemming from the prior decisions of the District Court of Dortmund, which had previously rejected the minority shareholders’ claims in both matters. The Higher Regional Court specifically confirmed the adequacy of the compensation payments offered under the DPLTA and in connection with the squeeze out. The Higher Regional Court has not permitted any further remedies and declared its decisions as binding. Accordingly, the Company considers these matters as closed. Refer to Note 21 of the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 for more information on these proceedings. Bank Guarantees, Standby Letters of Credit, and Surety Bonds. At June 30, 2025, the maximum future contractual obligations relative to performance guarantees totaled $117.9, of which $23.8 represented standby letters of credit to insurance providers, and no associated liability was recorded. At December 31, 2024, the maximum future payment obligations relative to these various guarantees totaled $90.4, of which $21.9 represented standby letters of credit to insurance providers, and no associated liability was recorded. Restricted Cash. The following table provides a reconciliation of Cash, cash equivalents and Short-term and Long-term restricted cash reporting within the Company's Condensed Consolidated Statement of Financial Position and in the Condensed Consolidated Statements of Cash Flows:
| June 30, 2025 |  |  |  |  | December 31, 2024
Cash and cash equivalents | $ | 279.2 |  |  |  |  |  | $ | 296.2 |
Bank collateral guarantees | 8.3 |  |  |  |  |  | 8.2 |
Pension collateral guarantees | 7.7 |  |  |  |  |  | 6.9 |
Restricted cash and cash equivalents | 16.0 |  |  |  |  |  | 15.1 |
Total cash, cash equivalents, and restricted cash | $ | 295.2 |  |  |  |  |  | $ | 311.3 |

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