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Segment Information | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Information | Segment Information The company’s reportable segments are as follows: •Digital Workplace Solutions (DWS), which provides workplace solutions featuring intelligent workplace services, proactive experience management and collaboration tools to support business growth; •Cloud, Applications & Infrastructure Solutions (CA&I), which provides digital transformation in the areas of cloud migration and management, applications and infrastructure transformation and modernization solutions; and •Enterprise Computing Solutions (ECS), which provides solutions that harness secure, high-intensity enterprise computing and enable digital services through software-defined operating environments. This segment structure reflects the financial information used by the company’s chief operating decision maker (CODM) to make decisions regarding the company’s business, including resource allocations and performance assessments, as well as the current operating focus. The CODM evaluates the performance of the segments based on segment revenue and segment gross profit. The company’s CODM regularly reviews cost of revenues by segment and treats it as a significant segment expense. Segment revenue and segment gross profit are exclusive of certain activities and expenses that are not allocated to specific segments and reported in Other as described below. The company does not report assets by reportable segments as this information is not reviewed by the CODM on a regular basis. Other, as presented in the reconciliation tables below, includes revenue and cost of revenue associated with the company’s United Kingdom business process outsourcing consolidated joint venture, which is a non-core business activity. Additionally, Other includes certain expenses within cost of revenue such as cost reduction charges, amortization of purchased intangibles and unusual and nonrecurring items that are not allocated to specific segments. These amounts are combined within other revenue and other gross profit (loss) to arrive at total consolidated revenue and total consolidated gross profit (loss) as reported in the reconciliations below. The following table presents certain financial information by reportable segments:
|  | Total Segments |  | DWS |  | CA&I |  | ECS
Three Months Ended June 30, 2026 |  |  |  |  |  |  |  |
Revenue |  | $ | 452.3 |  |  | $ | 141.9 |  |  | $ | 184.4 |  |  | $ | 126.0 |
Cost of revenue |  | 334.5 |  |  | 126.6 |  |  | 138.3 |  |  | 69.6 |
Gross profit |  | $ | 117.8 |  |  | $ | 15.3 |  |  | $ | 46.1 |  |  | $ | 56.4 |
Three Months Ended June 30, 2025 |  |  |  |  |  |  |  |
Revenue |  | $ | 463.5 |  |  | $ | 138.1 |  |  | $ | 185.2 |  |  | $ | 140.2 |
Cost of revenue |  | 326.5 |  |  | 114.7 |  |  | 146.6 |  |  | 65.2 |
Gross profit |  | $ | 137.0 |  |  | $ | 23.4 |  |  | $ | 38.6 |  |  | $ | 75.0 |
|  | Total Segments |  | DWS |  | CA&I |  | ECS
Six Months Ended June 30, 2026 |  |  |  |  |  |  |  |
Revenue |  | $ | 867.7 |  |  | $ | 260.1 |  |  | $ | 366.4 |  |  | $ | 241.2 |
Cost of revenue |  | 640.4 |  |  | 228.9 |  |  | 280.7 |  |  | 130.8 |
Gross profit |  | $ | 227.3 |  |  | $ | 31.2 |  |  | $ | 85.7 |  |  | $ | 110.4 |
Six Months Ended June 30, 2025 |  |  |  |  |  |  |  |
Revenue |  | $ | 877.4 |  |  | $ | 256.7 |  |  | $ | 361.8 |  |  | $ | 258.9 |
Cost of revenue |  | 632.5 |  |  | 216.4 |  |  | 288.8 |  |  | 127.3 |
Gross profit |  | $ | 244.9 |  |  | $ | 40.3 |  |  | $ | 73.0 |  |  | $ | 131.6 |
Presented below is a reconciliation of total segment revenue to total consolidated revenue:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Total segment revenue |  | $ | 452.3 |  |  | $ | 463.5 |  |  | $ | 867.7 |  |  | $ | 877.4 |
Other revenue |  | 21.2 |  |  | 19.8 |  |  | 43.4 |  |  | 38.0 |
Total consolidated revenue |  | $ | 473.5 |  |  | $ | 483.3 |  |  | $ | 911.1 |  |  | $ | 915.4 |
Presented below is a reconciliation of total segment gross profit to consolidated income (loss) before income taxes:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Total segment gross profit |  | $ | 117.8 |  |  | $ | 137.0 |  |  | $ | 227.3 |  |  | $ | 244.9 |
Other gross profit (loss) |  | (0.5) |  |  | (7.0) |  |  | 2.5 |  |  | (7.4) |
Total gross profit |  | 117.3 |  |  | 130.0 |  |  | 229.8 |  |  | 237.5 |
Selling, general and administrative expense |  | (95.7) |  |  | (93.6) |  |  | (187.2) |  |  | (190.4) |
Research and development expense |  | (5.8) |  |  | (6.1) |  |  | (10.6) |  |  | (11.7) |
Goodwill and intangible asset impairment |  | (48.7) |  |  | — |  |  | (48.7) |  |  | — |
Interest expense |  | (18.3) |  |  | (8.2) |  |  | (36.8) |  |  | (16.4) |
Other (expense), net |  | (28.6) |  |  | (22.1) |  |  | (49.4) |  |  | (39.0) |
Total loss before income taxes |  | $ | (79.8) |  |  | $ | — |  |  | $ | (102.9) |  |  | $ | (20.0) |
Geographic information about the company’s revenue, which is principally based on location of the selling organization, is presented below:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
United States |  | $ | 181.1 |  |  | $ | 195.5 |  |  | $ | 347.8 |  |  | $ | 381.4 |
United Kingdom |  | 74.1 |  |  | 59.5 |  |  | 139.7 |  |  | 114.6 |
Other foreign |  | 218.3 |  |  | 228.3 |  |  | 423.6 |  |  | 419.4 |
Total |  | $ | 473.5 |  |  | $ | 483.3 |  |  | $ | 911.1 |  |  | $ | 915.4 |

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