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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and Non-PEO NEOs and Company performance for the fiscal years listed below.
Year
Summary
Compensation
Table Total for
Peter Altabef(1)
($)
Compensation
Actually Paid to
Peter Altabef(1)(2)(3)
($)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs(1)
($)
Average
Compensation
Actually Paid to
Non-PEO
NEOs(1)(2)(3)
($)
Value of Initial Fixed $100
Investment |based on:(4)
Net
Income
($ Millions)
Non-GAAP
Operating
Profit
($ Millions)()
TSR
($)
Peer Group
TSR
($)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2023
6,133,408
6,129,859
2,333,051
1,774,167
47.39
140.50
(427.1)
141
2022
7,092,737
(28,601)
1,772,221
524,628
43.09
104.76
(104.9)
159
2021
8,059,535
8,248,348
2,877,154
2,618,113
173.44
128.59
(449.8)
193
2020
7,234,193
11,800,164
2,186,982
2,649,415
165.94
122.62
(317.2)
153
(1)
Peter Altabef was our PEO for each year presented. The individuals comprising the Non-PEO named executive officers for 2023 were Debra McCann, Michael Thomson, Teresa Poggenpohl, Katherine Ebrahimi and Claudius Sokenu. For 2022, the individuals comprising the Non-PEO named executive officers were Debra McCann, Michael Thomson, Teresa Poggenpohl, Katherine Ebrahimi, Claudius Sokenu and Gerald P. Kenney. For 2021, the individuals comprising the Non-PEO named executive officers were Michael Thomson, Katherine Ebrahimi, Gerald P. Kenney, Shalabh Gupta and Eric Hutto. For 2020, the individuals comprising the Non-PEO named executive officers were Michael Thomson, Eric Hutto, Visal Gupta, Gerald P. Kenney, Venkatapathi Puvvada and. Jeffrey E. Renzi.
(2)
The amounts shown for “Compensation Actually Paid” have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the amount shown in the “Total” column set forth in the Summary Compensation Table with certain adjustments as described in footnote 3 below.
(3)
“Compensation Actually Paid” reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the “Exclusion of Stock Awards” column are the totals from the “Stock Awards” columns set forth in the Summary Compensation Table. Amounts in the “Exclusion of Change in Pension Value” column reflect the amounts
attributable to the “Change in Pension Value” reported in the Summary Compensation Table. Amounts in the “Inclusion of Pension Service Cost” are based on the service cost for services rendered during the applicable year.
Year
Summary
Compensation
Table Total for
Peter Altabef
($)
Exclusion in Pension
Value for
Peter Altabef  ($)
Exclusion of
Stock Awards for
Peter Altabef
($)
Inclusion of
Pension Service
Cost for
Peter Altabef  ($)
Inclusion of
Equity Values for
Peter Altabef
($)
Compensation
Actually Paid to
Peter Altabef
($)
2023
6,133,408
0
(2,249,583)
0
2,246,034
6,129,859
Year
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Average Exclusion of
Change in Pension
Value for Non-PEO
NEOs
($)
Average
Exclusion of
Stock Awards for
Non-PEO NEOs
($)
Average Inclusion
of Pension Service
Cost for Non-PEO
NEOs
($)
Average
Inclusion of
Equity Values
for Non-PEO
NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2023
2,333,051
0
(915,976)
0
357,092
1,774,167
The amounts in the “Inclusion of Equity Values” columns in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for
Peter Altabef
($)
Change in Fair Value
from Last Day of Prior
Year to Last Day of Year
of Unvested Equity
Awards for Peter Altabef  ($)
Change in Fair Value
from Last Day of
Prior Year to Vesting
Date of Unvested
Equity Awards
that Vested During
Year for Peter Altabef
($)
Fair Value at Last Day
of Prior Year of
Equity Awards
Forfeited During
Year for Peter Altabef
($)
Total-Inclusion of
Equity Values for
Peter Altabef
($)
2023
2,350,835
(103,756)
(1,045)
0
2,246,034
Year
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-PEO NEOs
($)
Average Change in Fair
Value from Last Day of
Prior Year to Last Day of
Year of Unvested Equity
Awards for Non-PEO
NEOs
($)
Average Change in
Fair Value from Last
Day of Prior Year
to Vesting Date of
Unvested Equity
Awards that Vested
During Year for Non-PEO
NEOs
($)
Average Fair Value at
Last Day of Prior Year
of Equity Awards
Forfeited During Year
for Non-PEO NEOs
($)
Total-Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
2023
408,605
(11,324)
(4,009)
(36,180)
357,092
(4)
The Peer Group TSR set forth in this table utilizes the Standard & Poor’s 500 Information Technology Services Index (“S&P 500 IT Services Index”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 500 IT Services Index, respectively.
(5)
We determined Non-GAAP Operating Profit to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2023. Non-GAAP Operating Profit is defined as GAAP Operating Income excluding pretax post-retirement expense, pretax charges in connection with cost-reduction activities, non-operational legal reserves, loss on debt exchange transactions and other non-operational income/expense. Non-GAAP Operating Profit is subject to adjustment by the CEO and the CHRC of the Board for special items related to discontinued operations, reorganizations, restructurings or significant non-operational items. For a discussion and reconciliation of our GAAP measures to non-GAAP measures, please see Appendix A to this Proxy Statement and the earnings release attached as Exhibit 99.1 to our Current Report on Form 8-K furnished with the SEC on February 21, 2024 (but such report shall not be deemed to be incorporated by reference to this Proxy Statement).
     
Company Selected Measure Name Non-GAAP Operating Profit      
Named Executive Officers, Footnote
(1)
Peter Altabef was our PEO for each year presented. The individuals comprising the Non-PEO named executive officers for 2023 were Debra McCann, Michael Thomson, Teresa Poggenpohl, Katherine Ebrahimi and Claudius Sokenu. For 2022, the individuals comprising the Non-PEO named executive officers were Debra McCann, Michael Thomson, Teresa Poggenpohl, Katherine Ebrahimi, Claudius Sokenu and Gerald P. Kenney. For 2021, the individuals comprising the Non-PEO named executive officers were Michael Thomson, Katherine Ebrahimi, Gerald P. Kenney, Shalabh Gupta and Eric Hutto. For 2020, the individuals comprising the Non-PEO named executive officers were Michael Thomson, Eric Hutto, Visal Gupta, Gerald P. Kenney, Venkatapathi Puvvada and. Jeffrey E. Renzi.
     
Peer Group Issuers, Footnote
(4)
The Peer Group TSR set forth in this table utilizes the Standard & Poor’s 500 Information Technology Services Index (“S&P 500 IT Services Index”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 500 IT Services Index, respectively.
     
PEO Total Compensation Amount $ 6,133,408 $ 7,092,737 $ 8,059,535 $ 7,234,193
PEO Actually Paid Compensation Amount $ 6,129,859 (28,601) 8,248,348 11,800,164
Adjustment To PEO Compensation, Footnote
(3)
“Compensation Actually Paid” reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the “Exclusion of Stock Awards” column are the totals from the “Stock Awards” columns set forth in the Summary Compensation Table. Amounts in the “Exclusion of Change in Pension Value” column reflect the amounts
attributable to the “Change in Pension Value” reported in the Summary Compensation Table. Amounts in the “Inclusion of Pension Service Cost” are based on the service cost for services rendered during the applicable year.
Year
Summary
Compensation
Table Total for
Peter Altabef
($)
Exclusion in Pension
Value for
Peter Altabef  ($)
Exclusion of
Stock Awards for
Peter Altabef
($)
Inclusion of
Pension Service
Cost for
Peter Altabef  ($)
Inclusion of
Equity Values for
Peter Altabef
($)
Compensation
Actually Paid to
Peter Altabef
($)
2023
6,133,408
0
(2,249,583)
0
2,246,034
6,129,859
The amounts in the “Inclusion of Equity Values” columns in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for
Peter Altabef
($)
Change in Fair Value
from Last Day of Prior
Year to Last Day of Year
of Unvested Equity
Awards for Peter Altabef  ($)
Change in Fair Value
from Last Day of
Prior Year to Vesting
Date of Unvested
Equity Awards
that Vested During
Year for Peter Altabef
($)
Fair Value at Last Day
of Prior Year of
Equity Awards
Forfeited During
Year for Peter Altabef
($)
Total-Inclusion of
Equity Values for
Peter Altabef
($)
2023
2,350,835
(103,756)
(1,045)
0
2,246,034
     
Non-PEO NEO Average Total Compensation Amount $ 2,333,051 1,772,221 2,877,154 2,186,982
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,774,167 524,628 2,618,113 2,649,415
Adjustment to Non-PEO NEO Compensation Footnote
(3)
“Compensation Actually Paid” reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the “Exclusion of Stock Awards” column are the totals from the “Stock Awards” columns set forth in the Summary Compensation Table. Amounts in the “Exclusion of Change in Pension Value” column reflect the amounts
attributable to the “Change in Pension Value” reported in the Summary Compensation Table. Amounts in the “Inclusion of Pension Service Cost” are based on the service cost for services rendered during the applicable year.
Year
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Average Exclusion of
Change in Pension
Value for Non-PEO
NEOs
($)
Average
Exclusion of
Stock Awards for
Non-PEO NEOs
($)
Average Inclusion
of Pension Service
Cost for Non-PEO
NEOs
($)
Average
Inclusion of
Equity Values
for Non-PEO
NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2023
2,333,051
0
(915,976)
0
357,092
1,774,167
The amounts in the “Inclusion of Equity Values” columns in the tables above are derived from the amounts set forth in the following tables:
Year
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-PEO NEOs
($)
Average Change in Fair
Value from Last Day of
Prior Year to Last Day of
Year of Unvested Equity
Awards for Non-PEO
NEOs
($)
Average Change in
Fair Value from Last
Day of Prior Year
to Vesting Date of
Unvested Equity
Awards that Vested
During Year for Non-PEO
NEOs
($)
Average Fair Value at
Last Day of Prior Year
of Equity Awards
Forfeited During Year
for Non-PEO NEOs
($)
Total-Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
2023
408,605
(11,324)
(4,009)
(36,180)
357,092
     
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_peotsr-pn.jpg]      
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_pvpnetincome-pn.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_pvpoperatingprofit-pn.jpg]
     
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_peotsr-pn.jpg]      
Tabular List, Table
Most Important Financial and Non-Financial Performance Measures
The following list presents the three most important performance measures, as determined by the Company, that link compensation actually paid to our NEOs to the Company’s performance for the most recently completed year. Non-GAAP Operating Profit is the most important financial measure used to link compensation actually paid to Company performance. Except for non-GAAP operating profit, the other performance measures set forth below are not ranked by relative importance.

Non-GAAP Operating Profit

Relative Total Stockholder Return, and

Revenue
     
Total Shareholder Return Amount $ 47.39 43.09 173.44 165.94
Peer Group Total Shareholder Return Amount 140.5 104.76 128.59 122.62
Net Income (Loss) $ (427,100,000) $ (104,900,000) $ (449,800,000) $ (317,200,000)
Company Selected Measure Amount 141,000,000 159,000,000 193,000,000 153,000,000
PEO Name Peter Altabef      
Measure:: 1        
Pay vs Performance Disclosure        
Name Non-GAAP Operating Profit      
Non-GAAP Measure Description
(5)
We determined Non-GAAP Operating Profit to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2023. Non-GAAP Operating Profit is defined as GAAP Operating Income excluding pretax post-retirement expense, pretax charges in connection with cost-reduction activities, non-operational legal reserves, loss on debt exchange transactions and other non-operational income/expense. Non-GAAP Operating Profit is subject to adjustment by the CEO and the CHRC of the Board for special items related to discontinued operations, reorganizations, restructurings or significant non-operational items. For a discussion and reconciliation of our GAAP measures to non-GAAP measures, please see Appendix A to this Proxy Statement and the earnings release attached as Exhibit 99.1 to our Current Report on Form 8-K furnished with the SEC on February 21, 2024 (but such report shall not be deemed to be incorporated by reference to this Proxy Statement).
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Relative Total Stockholder Return      
Measure:: 3        
Pay vs Performance Disclosure        
Name Revenue      
PEO | Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0      
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (2,249,583)      
PEO | Pension Adjustments Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,246,034      
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,350,835      
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (103,756)      
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,045)      
PEO | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (915,976)      
Non-PEO NEO | Pension Adjustments Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 357,092      
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 408,605      
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (11,324)      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,009)      
Non-PEO NEO | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (36,180)