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Segment Information
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] Segment and Revenue Information

The Company's accounting policies derive segment results that are the same as those the Chief Operating Decision Maker (CODM) regularly reviews and uses to make decisions, allocate resources and assess performance. The Company continually considers its operating structure and the information subject to regular review by its Chief Executive Officer, who is the CODM, to identify reportable operating segments. The Company’s operating structure is based on a number of factors that management uses to evaluate, view and run its business operations, which currently includes, but is not limited to, product, service and solution. The Company's reportable operating segments are based on the following solutions: Eurasia Banking, Americas Banking and Retail.

Segment revenue represents revenues from sales to external customers. Segment operating profit is defined as revenues less expenses identifiable to those segments. The Company does not allocate to its segments certain operating expenses, managed at the corporate level; that are not routinely used in the management of the segments; or information that is impractical to allocate. These unallocated costs include certain corporate costs, amortization of acquired intangible assets and deferred revenue, restructuring charges, impairment charges, legal, indemnification and professional fees related to acquisition and divestiture expenses, along with other income (expenses). Segment operating profit reconciles to consolidated income (loss) before income taxes by deducting corporate costs and other income or expense items that are not attributed to the segments. Corporate charges not allocated to segments include headquarter-based costs associated with procurement, human resources, compensation and benefits, finance and accounting, global development/engineering, global strategy/mergers and acquisitions, global IT, tax, treasury and legal. Assets are not allocated to segments, and thus are not included in the assessment of segment performance, and consequently, we do not disclose total assets and depreciation and amortization expense by reportable operating segment.

The following tables represent information regarding the Company’s segment information and provides a reconciliation between segment operating profit and the consolidated income (loss) before income taxes:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2019
 
2018
 
2019
 
2018
Net sales summary by segment
 
 
 
 
 
 
 
 
Eurasia Banking
 
$
405.2

 
$
434.3

 
$
1,218.0

 
$
1,306.9

Americas Banking
 
403.7

 
382.5

 
1,186.3

 
1,086.8

Retail
 
269.9

 
302.2

 
852.8

 
895.1

Total revenue
 
$
1,078.8

 
$
1,119.0

 
$
3,257.1

 
$
3,288.8

 
 
 
 
 
 
 
 
 
Intersegment revenue
 
 
 
 
 
 
 
 
Eurasia Banking
 
$
35.4

 
$
34.8

 
$
137.4

 
$
97.6

Americas Banking
 
3.1

 
2.6

 
10.8

 
11.6

Total intersegment revenue
 
$
38.5

 
$
37.4

 
$
148.2

 
$
109.2

 
 
 
 
 
 
 
 
 
Segment operating profit
 
 
 
 
 
 
 
 
Eurasia Banking
 
$
41.5

 
$
44.1

 
$
114.0

 
$
81.8

Americas Banking
 
28.8

 
1.6

 
79.8

 
3.3

Retail
 
13.5

 
18.4

 
37.2

 
34.1

Total segment operating profit
 
83.8

 
64.1

 
231.0

 
119.2

 
 
 
 
 
 
 
 
 
Corporate charges not allocated to segments (1)
 
(17.4
)
 
(7.7
)
 
(63.5
)
 
(39.9
)
Restructuring and DN Now transformation expenses
 
(19.7
)
 
(40.8
)
 
(63.1
)
 
(46.9
)
Net non-routine expense
 
(23.5
)
 
(175.9
)
 
(98.4
)
 
(342.8
)
 
 
(60.6
)
 
(224.4
)
 
(225.0
)
 
(429.6
)
Operating profit (loss)
 
23.2

 
(160.3
)
 
6.0

 
(310.4
)
Other income (expense)
 
(53.4
)
 
(42.3
)
 
(153.2
)
 
(98.6
)
Loss before taxes
 
$
(30.2
)
 
$
(202.6
)
 
$
(147.2
)
 
$
(409.0
)
(1) 
Corporate charges not allocated to segments include headquarter-based costs associated with procurement, human resources, compensation and benefits, finance and accounting, global development/engineering, global strategy/mergers and acquisitions, global IT, tax, treasury and legal.

Net non-routine expense consists of items that the Company has determined are non-routine in nature and not allocated to the reportable operating segments. Net non-routine expense of $23.5 and $98.4 for the three and nine months ended September 30, 2019, respectively, primarily consisted of purchase accounting pre-tax charges for amortization of acquired intangibles of $22.8 and $71.8, respectively, and the loss (gain) on sale of assets, net. Net non-routine expense of $175.9 and $342.8 for the three and nine months ended September 30, 2018, respectively, was primarily due to goodwill impairment charges of $134.4 and $217.5, respectively, acquisition integration expenses of $10.3 and $40.0, respectively, primarily within selling and administrative expense, and purchase accounting pre-tax charges for amortization of acquired intangibles of $28.1 and $88.6, respectively.

The following table presents information regarding the Company’s segment net sales by service and product solution:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2019
 
2018
 
2019
 
2018
Segments
 
 
 
 
 
 
 
 
Eurasia Banking
 
 
 
 
 
 
 
 
Services
 
$
241.8

 
$
271.0

 
$
740.0

 
$
825.7

Products
 
163.4

 
163.3

 
478.0

 
481.2

Total Eurasia Banking
 
405.2

 
434.3

 
1,218.0

 
1,306.9

 
 
 
 
 
 
 
 
 
Americas Banking
 
 
 
 
 
 
 
 
Services
 
252.6

 
255.5

 
746.0

 
765.3

Products
 
151.1

 
127.0

 
440.3

 
321.5

Total Americas Banking
 
403.7

 
382.5

 
1,186.3

 
1,086.8

 
 
 
 
 
 
 
 
 
Retail
 
 
 
 
 
 
 
 
Services
 
148.6

 
153.2

 
445.0

 
471.6

Products
 
121.3

 
149.0

 
407.8

 
423.5

Total Retail
 
269.9

 
302.2

 
852.8

 
895.1

 
 
 
 
 
 
 
 
 
Total net sales
 
$
1,078.8

 
$
1,119.0

 
$
3,257.1

 
$
3,288.8



In the following table, revenue is disaggregated by timing of revenue recognition at September 30:
Timing of revenue recognition
 
2019
 
2018
Products transferred at a point in time
 
41
%
 
37
%
Products and services transferred over time
 
59
%
 
63
%
Net sales
 
100
%
 
100
%


Contract balances

The following table provides 2019 information about receivables and deferred revenue, which represent contract liabilities from contracts with customers:
Contract balance information
 
Trade Receivables
 
Contract liabilities
Balance at January 1
 
$
737.2

 
$
378.2

Balance at September 30
 
$
603.4

 
$
318.6



Contract assets are minimal for the periods presented. The amount of revenue recognized during the nine months ended September 30, 2019 from performance obligations satisfied (or partially satisfied) in previous periods, mainly due to the changes in the estimate of variable consideration and contract modifications was de minimis. There have been $0.4 and $9.7 during the three months ended September 30, 2019 and 2018, respectively, and $3.3 and $20.6 during the nine months ended September 30, 2019 and 2018, respectively, of impairment losses recognized as bad debt related to receivables or contract assets arising from the Company's contracts with customers.

As of January 1, 2019, the Company had $378.2 of unrecognized deferred revenue constituting the remaining performance obligations that are either unsatisfied (or partially unsatisfied). During the nine months ended September 30, 2019, the Company recognized revenue of $247.9 related to the Company's deferred revenue balance at January 1, 2019.

Contract assets are the rights to consideration in exchange for goods or services that the Company has transferred to a customer when that right is conditional on something other than the passage of time. Contract assets of the Company primarily relate to the Company's rights to consideration for goods shipped and services provided but not contractually billable at the reporting date.

The contract assets are reclassified into the receivables balance when the rights to receive payment become unconditional. Contract liabilities are recorded for any services billed to customers and not yet recognizable if the contract period has commenced or for the amount collected from customers in advance of the contract period commencing. In addition, contract liabilities are recorded as advanced payments for products and other deliverables that are billed to and collected from customers prior to revenue being recognizable.

Transaction price allocated to the remaining performance obligations

As of September 30, 2019, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $1,700. The Company generally expects to recognize revenue on the remaining performance obligations over the next twelve months. The Company enters into service agreements with cancellable terms after a certain period without penalty. Unsatisfied obligations reflect only the obligation during the initial term. The Company applies the practical expedient in ASC paragraph 606-10-50-14 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.