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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations | The following table presents the major categories of income (loss) from discontinued operations related to the Digital Banking Sale:
| For the year ended December 31
In millions | 2024 |  | 2023 |  | 2022
Product revenue | $ | 38 |  |  | $ | 53 |  |  | $ | 55 |
Service revenue | 419 |  |  | 526 |  |  | 492 |
Total revenue | 457 |  |  | 579 |  |  | 547 |
Cost of products | 31 |  |  | 43 |  |  | 38 |
Cost of services | 221 |  |  | 280 |  |  | 256 |
Selling, general and administrative expenses | 84 |  |  | 77 |  |  | 73 |
Research and development expenses | 37 |  |  | 46 |  |  | 31 |
Total operating expenses | 373 |  |  | 446 |  |  | 398 |
Income from discontinued operations | 84 |  |  | 133 |  |  | 149 |
Other income (expense), net | (48) |  |  | (5) |  |  | — |
Income (loss) from discontinued operations before gain on sale of business and income taxes | 36 |  |  | 128 |  |  | 149 |
Gain on sale of business | 1,530 |  |  | — |  |  | — |
Income (loss) from discontinued operations before income taxes | 1,566 |  |  | 128 |  |  | 149 |
Income tax expense (benefit) | 388 |  |  | 13 |  |  | 11 |
Net income (loss) from discontinued operations related to Digital Banking | $ | 1,178 |  |  | $ | 115 |  |  | $ | 138 |
The following table presents the major classes of assets and liabilities of discontinued operations related to the Digital Banking Sale:
In millions | December 31, 2023
Assets |
Current assets |
Cash and cash equivalents | $ | 2 |
Accounts receivable, net of allowances | 58 |
Prepaid and other current assets | 9 |
Total current assets | 69 |
Property, plant and equipment, net | 5 |
Goodwill | 521 |
Intangibles, net | 168 |
Operating lease assets | 5 |
Other assets | 183 |
Noncurrent assets | 882 |
Total assets of discontinued operations | $ | 951 |
Liabilities |
Current liabilities |
Accounts payable | $ | 64 |
Payroll and benefits liabilities | 22 |
Contract liabilities | 30 |
Other current liabilities | 4 |
Total current liabilities | 120 |
Operating lease liabilities | 3 |
Other liabilities | 7 |
Noncurrent liabilities | 10 |
Total liabilities of discontinued operations | $ | 130 |
| $ | 130 |
The following table presents selected financial information related to cash flows from discontinued operations related to the Digital Banking Sale:
| For the year ended December 31
In millions | 2024 |  | 2023 |  | 2022
Net cash provided by/(used in) operating activities | $ | (288) |  |  | $ | 242 |  |  | $ | 210 |
Net cash provided by/(used in) investing activities | (57) |  |  | (96) |  |  | (93) |
Net cash provided by/(used in) financing activities | — |  |  | — |  |  | — |
The following table presents the major categories of income (loss) from discontinued operations related to the Spin-Off of NCR Atleos:
| For the year ended December 31
In millions | 2024 |  | 2023 |  | 2022
Product revenue | $ | — |  |  | $ | 802 |  |  | $ | 1,092 |
Service revenue | 5 |  |  | 2,519 |  |  | 3,031 |
Total revenue | 5 |  |  | 3,321 |  |  | 4,123 |
Cost of products | — |  |  | 651 |  |  | 956 |
Cost of services | 4 |  |  | 1,733 |  |  | 2,246 |
Selling, general and administrative expenses | 1 |  |  | 540 |  |  | 461 |
Research and development expenses | — |  |  | 52 |  |  | 70 |
Total operating expenses | 5 |  |  | 2,976 |  |  | 3,733 |
Income from discontinued operations | — |  |  | 345 |  |  | 390 |
Interest expense | — |  |  | (6) |  |  | — |
Other income (expense), net | — |  |  | (22) |  |  | (11) |
Income (loss) from discontinued operations before income taxes | — |  |  | 317 |  |  | 379 |
Income tax expense (benefit) | 8 |  |  | 76 |  |  | 85 |
Net income (loss) from discontinued operations | (8) |  |  | 241 |  |  | 294 |
Net income (loss) attributable to noncontrolling interests | — |  |  | — |  |  | (1) |
Net income (loss) from discontinued operations related to NCR Atleos | $ | (8) |  |  | $ | 241 |  |  | $ | 295 |
The following table represents the major classes of assets and liabilities of discontinued operations:
In millions | December 31, 2023 |
Assets |  |
Current assets |  |
Cash and cash equivalents | $ | 1 |  |
Accounts receivable, net of allowances | 9 |  |
Inventories | 4 |  |
Prepaid and other current assets | 1 |  |
Total current assets | 15 |  |
Other assets | 8 |  |
Noncurrent assets | 8 |  |
Total assets of discontinued operations | $ | 23 |  |
Liabilities and stockholder's equity |  |
Current liabilities |  |
Accounts payable | $ | 1 |  |
Payroll and benefits liabilities | 1 |  |
Contract liabilities | 10 |  |
Other current liabilities | 3 |  |
Total current liabilities | 15 |  |
Pension and indemnity plan liabilities | 7 |  |
Other liabilities | 5 |  |
Noncurrent liabilities | 12 |  |
Total liabilities of discontinued operations | $ | 27 |  |
The following table presents selected financial information related to cash flows from discontinued operations related to the Spin-off of NCR Atleos:
| For the year ended December 31
In millions | 2024 |  | 2023 |  | 2022
Net cash provided by/(used in) operating activities | $ | (8) |  |  | $ | 336 |  |  | $ | 272 |
Net cash provided by/(used in) investing activities | — |  |  | (93) |  |  | (123) |
Net cash provided by/(used in) financing activities | — |  |  | 1 |  |  | 10 |

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