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Segment Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT AND NET SALES 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 for the years ended December 31:
 
2019
 
2018
 
2017
Net sales summary by segment
 
 
 
 
 
Eurasia Banking
$
1,649.8

 
$
1,800.2

 
$
1,903.4

Americas Banking
1,604.1

 
1,515.7

 
1,525.6

Retail
1,154.8

 
1,262.7

 
1,180.3

Total customer revenues
$
4,408.7

 
$
4,578.6

 
$
4,609.3

 
 
 
 
 
 
Intersegment revenues
 
 
 
 
 
Eurasia Banking
$
168.3

 
$
161.1

 
$
105.0

Americas Banking
15.5

 
13.8

 
25.9

Total intersegment revenues
$
183.8

 
$
174.9

 
$
130.9

 
 
 
 
 
 
Segment operating profit
 
 
 
 
 
Eurasia Banking
$
169.3

 
$
150.1

 
$
126.8

Americas Banking
119.7

 
17.2

 
68.1

Retail
58.3

 
47.1

 
87.9

Total segment operating profit
$
347.3

 
$
214.4

 
$
282.8

 
 
 
 
 
 
Corporate charges not allocated to segments (1)
$
(79.4
)
 
$
(52.1
)
 
$
(62.6
)
Impairment of assets
(30.2
)
 
(180.2
)
 
(3.1
)
Restructuring charges
(50.2
)
 
(65.0
)
 
(49.4
)
Net non-routine expense
(214.1
)
 
(242.7
)
 
(261.2
)

(373.9
)
 
(540.0
)
 
(376.3
)
Operating loss
(26.6
)
 
(325.6
)
 
(93.5
)
Other expense
(202.3
)
 
(152.7
)
 
(98.4
)
Loss before taxes
$
(228.9
)
 
$
(478.3
)
 
$
(191.9
)


(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 $214.1 for the year ended December 31, 2019 was primarily due to purchase accounting pre-tax charges for amortization of acquired intangibles of $93.3 and the loss (gain) on sale of assets, net. Net non-routine expense of $242.7 for the year ended December 31, 2018 was primarily due to the inventory provision of $74.5 in cost of sales, acquisition integration expenses of $47.2 primarily within selling and administrative expense and purchase accounting pre-tax charges for amortization of acquired intangibles of $113.4. Net non-routine expense of $261.2 for the year ended December 31, 2017 was primarily due to acquisition integration expenses of $72.1 primarily within selling and administrative expense and purchase accounting pre-tax charges for amortization of acquired intangibles of $160.9.

The following table presents information regarding the Company’s segment net sales by service and product solution:
 
2019
 
2018
 
2017
Eurasia Banking
 
 
 
 
 
Services
$
993.6

 
$
1,111.8

 
$
1,133.1

Products
656.2

 
688.4

 
770.3

Total Eurasia Banking
1,649.8

 
1,800.2

 
1,903.4

Americas Banking
 
 
 
 
 
Services
1,002.5

 
1,025.8

 
1,043.9

Products
601.6

 
489.9

 
481.7

Total Americas Banking
1,604.1

 
1,515.7

 
1,525.6

Retail
 
 
 
 
 
Services
612.0

 
651.9

 
608.3

Products
542.8

 
610.8

 
572.0

Total Retail
1,154.8

 
1,262.7

 
1,180.3

Total
$
4,408.7

 
$
4,578.6

 
$
4,609.3



The Company had no customers that accounted for more than 10 percent of total net sales in 2019, 2018 and 2017.

Below is a summary of net sales by point of origin for the years ended December 31:
 
2019
 
2018
 
2017
Americas
 
 
 
 
 
United States
$
1,024.7

 
$
1,047.7

 
$
1,049.5

Other Americas
654.6

 
556.7

 
556.3

Total Americas
1,679.3

 
1,604.4

 
1,605.8

EMEA
 
 
 
 
 
Germany
872.5

 
876.2

 
843.0

Other EMEA
1,400.4

 
1,583.8

 
1,537.1

Total EMEA
2,272.9

 
2,460.0

 
2,380.1

AP
 
 
 
 
 
Total AP
456.5

 
514.2

 
623.4

Total net sales
$
4,408.7

 
$
4,578.6

 
$
4,609.3


Below is a summary of property, plant and equipment, net by geographical location as of December 31:
 
2019
 
2018
Property, plant and equipment, net
 
 
 
United States
$
62.4

 
$
77.8

Germany
150.1

 
168.2

Other international
19.0

 
58.1

Total property, plant and equipment, net
$
231.5

 
$
304.1



In the following table, revenue is disaggregated by timing of revenue recognition at December 31:
Timing of revenue recognition
2019
 
2018
Products transferred at a point in time
41%
 
39%
Products and services transferred over time
59%
 
61%
Net sales
100%
 
100%