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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and Non-PEO NEOs and Company performance for the fiscal years listed below.
​
Year
​ ​
Summary
Compensation
Table Total for
Peter Altabef(1)
($)
 ​ ​
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)(⁵)
 ​
​
TSR
($)
 ​ ​
Peer Group
TSR
($)
 ​
​ (a) ​ ​
(b)
 ​ ​
(c)
 ​ ​
(d)
 ​ ​
(e)
 ​ ​
(f)
 ​ ​
(g)
 ​ ​
(h)
 ​ ​
(i)
 ​
​ 2024 ​ ​
6,881,762
 ​ ​
7,368,657
 ​ ​
2,898,025
 ​ ​
3,072,849
 ​ ​
53.37
 ​ ​
158.59
 ​ ​
(193.2)
 ​ ​
176
 ​
​ 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 each year presented are listed below.
​
2020
​ ​
2021
​ ​
2022
​ ​
2023
​ ​
2024
​
​ Michael M. Thomson ​ ​ Michael M. Thomson ​ ​ Debra McCann ​ ​ Debra McCann ​ ​ Debra McCann ​
​ Eric Hutto ​ ​ Gerald P. Kenney ​ ​ Michael M. Thomson ​ ​ Michael M. Thomson ​ ​ Michael M. Thomson ​
​ Vishal Gupta ​ ​ Katherine Ebrahimi ​ ​ Claudius Sokenu ​ ​ Claudius Sokenu ​ ​ Teresa Poggenpohl ​
​ Gerald P. Kenney ​ ​ Shalabh Gupta ​ ​ Katherine Ebrahimi ​ ​ Katherine Ebrahimi ​ ​ Kristen Prohl ​
​ Venkatapathi Puvvada ​ ​ Eric Hutto ​ ​ Teresa Poggenpohl ​ ​ Teresa Poggenpohl ​ ​ ​ ​
​ Jeffrey E. Renzi ​ ​ ​ ​ ​ Gerald P. Kenney ​ ​ ​ ​ ​ ​ ​
(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
($)
 ​ ​
Compensation
Actually Paid to
Peter Altabef
($)
 ​
​ 2024 ​ ​
6,881,762
 ​ ​
0
 ​ ​
(2,188,870)
 ​ ​
0
 ​ ​
2,675,765
 ​ ​
7,368,657
 ​
​
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
($)
 ​ ​
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
 ​
​ 2024 ​ ​
2,898,025
 ​ ​
0
 ​ ​
(911,563)
 ​ ​
0
 ​ ​
1,086,387
 ​ ​
3,072,849
 ​
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
($)
 ​
​ 2024 ​ ​
2,598,745
 ​ ​
123,708
 ​ ​
(46,688)
 ​ ​
0
 ​ ​
2,675,765
 ​
​
Year
​ ​
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-PEO NEOs
($)
 ​ ​
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
($)
 ​ ​
Total-Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
 ​
​ 2024 ​ ​
1,082,257
 ​ ​
23,345
 ​ ​
(19,215)
 ​ ​
0
 ​ ​
1,086,387
 ​
​
(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 2024. 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 18, 2025 (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 each year presented are listed below.
​
2020
​ ​
2021
​ ​
2022
​ ​
2023
​ ​
2024
​
​ Michael M. Thomson ​ ​ Michael M. Thomson ​ ​ Debra McCann ​ ​ Debra McCann ​ ​ Debra McCann ​
​ Eric Hutto ​ ​ Gerald P. Kenney ​ ​ Michael M. Thomson ​ ​ Michael M. Thomson ​ ​ Michael M. Thomson ​
​ Vishal Gupta ​ ​ Katherine Ebrahimi ​ ​ Claudius Sokenu ​ ​ Claudius Sokenu ​ ​ Teresa Poggenpohl ​
​ Gerald P. Kenney ​ ​ Shalabh Gupta ​ ​ Katherine Ebrahimi ​ ​ Katherine Ebrahimi ​ ​ Kristen Prohl ​
​ Venkatapathi Puvvada ​ ​ Eric Hutto ​ ​ Teresa Poggenpohl ​ ​ Teresa Poggenpohl ​ ​ ​ ​
​ Jeffrey E. Renzi ​ ​ ​ ​ ​ Gerald P. Kenney ​ ​ ​ ​ ​ ​ ​
       
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 $ 6,881,762 $ 6,133,408 $ 7,092,737 $ 8,059,535 $ 7,234,193
PEO Actually Paid Compensation Amount $ 7,368,657 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
($)
 ​ ​
Compensation
Actually Paid to
Peter Altabef
($)
 ​
​ 2024 ​ ​
6,881,762
 ​ ​
0
 ​ ​
(2,188,870)
 ​ ​
0
 ​ ​
2,675,765
 ​ ​
7,368,657
 ​
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
($)
 ​
​ 2024 ​ ​
2,598,745
 ​ ​
123,708
 ​ ​
(46,688)
 ​ ​
0
 ​ ​
2,675,765
 ​
       
Non-PEO NEO Average Total Compensation Amount $ 2,898,025 2,333,051 1,772,221 2,877,154 2,186,982
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,072,849 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
($)
 ​ ​
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
 ​
​ 2024 ​ ​
2,898,025
 ​ ​
0
 ​ ​
(911,563)
 ​ ​
0
 ​ ​
1,086,387
 ​ ​
3,072,849
 ​
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
($)
 ​
​ 2024 ​ ​
1,082,257
 ​ ​
23,345
 ​ ​
(19,215)
 ​ ​
0
 ​ ​
1,086,387
 ​
       
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. Pursuant to SEC rules, the information in this “Pay Versus Performance Disclosure” section shall not be deemed to be incorporated by reference into any Company filing under the Securities Act or Exchange Act unless expressly incorporated by specific reference in such filing.
•
Non-GAAP operating profit
​
•
Relative total stockholder return
​
•
Revenue
       
Total Shareholder Return Amount $ 53.37 47.39 43.09 173.44 165.94
Peer Group Total Shareholder Return Amount 158.59 140.5 104.76 128.59 122.62
Net Income (Loss) $ (193,200,000) $ (427,100,000) $ (104,900,000) $ (449,800,000) $ (317,200,000)
Company Selected Measure Amount 176 141 159 193 153
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 2024. 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 18, 2025 (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 | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0        
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,188,870)        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,675,765        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,598,745        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 123,708        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (46,688)        
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 | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (911,563)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,086,387        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,082,257        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 23,345        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (19,215)        
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 $ 0