Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2020

Supplemental Guarantor Information [Abstract]

Condensed Balance Sheet

Condensed Consolidating Balance Sheet

As of June 30, 2020

	Parent		Domestic Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Consolidating Entries and Eliminations		Consolidated
ASSETS
Current assets
Cash, cash equivalents and restricted cash	$	194.5	$	—	$	251.9	$	—	$	446.4
Short-term investments	—		—		9.0		—		9.0
Trade receivables, net	122.4		0.1		466.3		—		588.8
Intercompany receivables	600.0		549.8		670.2		(1,820.0)		—
Inventories	115.3		—		403.0		(4.9)		513.4
Prepaid, income taxes and other current assets	20.1		7.9		317.6		(7.8)		337.8
Total current assets	1,052.3		557.8		2,118.0		(1,832.7)		1,895.4
Securities and other investments	17.4		—		—		—		17.4
Property, plant and equipment, net	52.0		—		153.5		—		205.5
Goodwill	55.5		—		719.6		—		775.1
Deferred income taxes	71.8		6.4		57.1		—		135.3
Customer relationships, net	—		—		409.2		—		409.2
Investment in subsidiary	1,589.6		—		—		(1,589.6)		—
Long-term intercompany receivables	615.9		—		—		(615.9)		—
Other assets	52.0		3.4		227.8		—		283.2
Total assets	$	3,506.5	$	567.6	$	3,685.2	$	(4,038.2)	$	3,721.1
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities
Notes payable	$	93.2	$	—	$	8.9	$	—	$	102.1
Accounts payable	81.4		—		398.2		—		479.6
Intercompany payable	1,220.0		45.2		554.8		(1,820.0)		—
Deferred revenue	107.5		—		193.1		—		300.6
Payroll and other benefits liabilities	44.6		—		116.4		—		161.0
Other current liabilities	96.7		0.9		394.8		(7.8)		484.6
Total current liabilities	1,643.4		46.1		1,666.2		(1,827.8)		1,527.9
Long-term debt	2,360.7		—		1.7		—		2,362.4
Long-term intercompany payable	—		—		615.9		(615.9)		—
Other long-term liabilities	205.4		—		313.8		—		519.2
Redeemable noncontrolling interests	—		—		20.1		—		20.1
Total Diebold Nixdorf, Incorporated shareholders' equity	(703.0)		521.5		1,073.0		(1,594.5)		(703.0)
Noncontrolling interests	—		—		(5.5)		—		(5.5)
Total liabilities, redeemable noncontrolling interests and equity	$	3,506.5	$	567.6	$	3,685.2	$	(4,038.2)	$	3,721.1

Condensed Consolidating Balance Sheet

As of December 31, 2019

	Parent		Domestic Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Consolidating Entries and Eliminations		Consolidated
ASSETS
Current assets
Cash, cash equivalents and restricted cash	$	3.6	$	1.8	$	275.5	$	—	$	280.9
Short-term investments	—		—		10.0		—		10.0
Trade receivables, net	109.0		—		510.3		—		619.3
Intercompany receivables	632.6		559.3		747.6		(1,939.5)		—
Inventories	122.4		—		346.4		(2.3)		466.5
Prepaid, income taxes and other current assets	42.1		7.8		473.2		(7.8)		515.3
Total current assets	909.7		568.9		2,363.0		(1,949.6)		1,892.0
Securities and other investments	21.4		—		—		—		21.4
Property, plant and equipment, net	61.9		0.5		169.1		—		231.5
Goodwill	55.5		—		708.5		—		764.0
Deferred income taxes	51.1		6.4		63.3		—		120.8
Customer relationships, net	—		—		447.7		—		447.7
Investment in subsidiary	1,676.8		—		—		(1,676.8)		—
Long-term intercompany receivables	617.9		—		—		(617.9)		—
Other assets	64.3		0.1		248.8		—		313.2
Total assets	$	3,458.6	$	575.9	$	4,000.4	$	(4,244.3)	$	3,790.6
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities
Notes payable	$	26.6	$	—	$	5.9	$	—	$	32.5
Accounts payable	55.3		—		416.2		—		471.5
Intercompany payable	1,302.3		46.7		590.5		(1,939.5)		—
Deferred revenue	133.7		—		186.8		—		320.5
Payroll and other benefits liabilities	49.4		2.1		173.2		—		224.7
Other current liabilities	109.5		1.0		447.7		(7.8)		550.4
Total current liabilities	1,676.8		49.8		1,820.3		(1,947.3)		1,599.6
Long-term debt	2,107.4		—		1.3		—		2,108.7
Pensions, post-retirement and other benefits	160.3		—		77.4		—		237.7
Long-term intercompany payable	—		—		617.9		(617.9)		—
Other long-term liabilities	42.7		—		287.3		—		330.0
Redeemable noncontrolling interests	—		—		20.9		—		20.9
Total Diebold Nixdorf, Incorporated shareholders' equity	(528.6)		526.1		1,151.3		(1,679.1)		(530.3)
Noncontrolling interests	—		—		24.0		—		24.0
Total liabilities, redeemable noncontrolling interests and equity	$	3,458.6	$	575.9	$	4,000.4	$	(4,244.3)	$	3,790.6

Condensed Income Statement

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Three Months Ended June 30, 2020

	Parent		Domestic Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Consolidating Entries and Eliminations		Consolidated
Net sales	$	276.1	$	0.1	$	697.2	$	(82.9)	$	890.5
Cost of sales	190.9		0.1		527.8		(75.9)		642.9
Gross profit (loss)	85.2		—		169.4		(7.0)		247.6
Selling and administrative expense	86.8		0.1		94.7		—		181.6
Research, development and engineering expense	5.4		1.5		28.6		(4.8)		30.7
Loss on sale of assets, net	0.1		—		14.7		—		14.8
	92.3		1.6		138.0		(4.8)		227.1
Operating (loss) income	(7.1)		(1.6)		31.4		(2.2)		20.5
Other income (expense)
Interest income	—		—		2.4		—		2.4
Interest expense	(46.6)		—		(1.7)		—		(48.3)
Foreign exchange (loss) gain, net	0.7		—		(8.3)		—		(7.6)
Miscellaneous, net	28.2		(0.2)		(14.4)		(7.1)		6.5
(Loss) income before taxes	(24.8)		(1.8)		9.4		(9.3)		(26.5)
Income tax (benefit) expense	(14.7)		(2.4)		13.7		—		(3.4)
Equity in earnings of subsidiaries	(13.6)		—		—		13.6		—
Net (loss) income	(23.7)		0.6		(4.3)		4.3		(23.1)
Net income attributable to noncontrolling interests	—		—		0.6		—		0.6
Net (loss) income attributable to Diebold Nixdorf, Incorporated	$	(23.7)	$	0.6	$	(4.9)	$	4.3	$	(23.7)
Comprehensive (loss) income	$	21.4	$	0.6	$	26.9	$	(26.9)	$	22.0
Less: comprehensive income attributable to noncontrolling interests	—		—		0.6		—		0.6
Comprehensive (loss) income attributable to Diebold Nixdorf, Incorporated	$	21.4	$	0.6	$	26.3	$	(26.9)	$	21.4

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Three Months Ended June 30, 2019

	Parent		Domestic Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Consolidating Entries and Eliminations		Consolidated
Net sales	$	301.6	$	(0.1)	$	949.0	$	(100.3)	$	1,150.2
Cost of sales	241.3		0.2		727.5		(98.0)		871.0
Gross profit (loss)	60.3		(0.3)		221.5		(2.3)		279.2
Selling and administrative expense	87.7		1.0		135.4		—		224.1
Research, development and engineering expense	1.5		8.3		31.1		(4.8)		36.1
Gain on sale of assets, net	0.6		—		11.1		—		11.7
	89.8		9.3		177.6		(4.8)		271.9
Operating loss	(29.5)		(9.6)		43.9		2.5		7.3
Other income (expense)
Interest income	0.4		—		1.8		—		2.2
Interest expense	(46.9)		—		(3.0)		—		(49.9)
Foreign exchange (loss) gain, net	2.0		(0.1)		(7.0)		—		(5.1)
Miscellaneous, net	8.4		0.5		(9.6)		0.3		(0.4)
Loss before taxes	(65.6)		(9.2)		26.1		2.8		(45.9)
Income tax (benefit) expense	1.5		(1.5)		9.2		—		9.2
Equity in earnings of subsidiaries	16.8		—		(0.2)		(16.8)		(0.2)
Net (loss) income	(50.3)		(7.7)		16.7		(14.0)		(55.3)
Net (loss) income attributable to noncontrolling interests	—		—		(5.0)		—		(5.0)
Net (loss) income attributable to Diebold Nixdorf, Incorporated	$	(50.3)	$	(7.7)	$	21.7	$	(14.0)	$	(50.3)
Comprehensive (loss) income	$	(31.7)	$	(7.7)	$	14.2	$	(14.0)	$	(39.2)
Less: comprehensive income (loss) attributable to noncontrolling interests	—		—		(7.5)		—		(7.5)
Comprehensive (loss) income attributable to Diebold Nixdorf, Incorporated	$	(31.7)	$	(7.7)	$	21.7	$	(14.0)	$	(31.7)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Six Months Ended June 30, 2020

	Parent		Domestic Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Consolidating Entries and Eliminations		Consolidated
Net sales	$	545.5	$	0.1	$	1,399.0	$	(143.4)	$	1,801.2
Cost of sales	379.3		0.1		1,076.8		(129.4)		1,326.8
Gross profit (loss)	166.2		—		322.2		(14.0)		474.4
Selling and administrative expense	198.3		0.3		205.1		—		403.7
Research, development and engineering expense	10.5		4.3		58.6		(10.2)		63.2
Loss on sale of assets, net	0.1		—		12.9		—		13.0
	208.9		4.6		276.6		(10.2)		479.9
Operating (loss) income	(42.7)		(4.6)		45.6		(3.8)		(5.5)
Other income (expense)
Interest income	—		—		3.5		—		3.5
Interest expense	(92.2)		—		(4.1)		—		(96.3)
Foreign exchange (loss) gain, net	(4.1)		—		(3.1)		—		(7.2)
Miscellaneous, net	49.9		—		(37.8)		(6.5)		5.6
(Loss) income before taxes	(89.1)		(4.6)		4.1		(10.3)		(99.9)
Income tax (benefit) expense	(10.3)		(4.4)		31.3		—		16.6
Equity in earnings of subsidiaries	(37.7)		—		—		37.7		—
Net (loss) income	(116.5)		(0.2)		(27.2)		27.4		(116.5)
Net (loss) income attributable to noncontrolling interests	—		—		—		—		—
Net (loss) income attributable to Diebold Nixdorf, Incorporated	$	(116.5)	$	(0.2)	$	(27.2)	$	27.4	$	(116.5)
Comprehensive (loss) income	$	(175.6)	$	(0.2)	$	(68.8)	$	67.7	$	(176.9)
Less: comprehensive income (loss) attributable to noncontrolling interests	—		—		(1.3)		—		(1.3)
Comprehensive (loss) income attributable to Diebold Nixdorf, Incorporated	$	(175.6)	$	(0.2)	$	(67.5)	$	67.7	$	(175.6)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Six Months Ended June 30, 2019

	Parent		Domestic Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Consolidating Entries and Eliminations		Consolidated
Net sales	$	597.1	$	—	$	1,800.3	$	(219.1)	$	2,178.3
Cost of sales	484.3		0.4		1,376.4		(208.1)		1,653.0
Gross profit (loss)	112.8		(0.4)		423.9		(11.0)		525.3
Selling and administrative expense	171.7		2.1		280.6		—		454.4
Research, development and engineering expense	2.7		17.1		62.6		(9.4)		73.0
Loss on sale of assets, net	0.6		—		14.5		—		15.1
	175.0		19.2		357.7		(9.4)		542.5
Operating loss	(62.2)		(19.6)		66.2		(1.6)		(17.2)
Other income (expense)
Interest income	1.3		—		3.8		—		5.1
Interest expense	(94.4)		—		(6.4)		—		(100.8)
Foreign exchange (loss) gain, net	0.6		(0.1)		(2.8)		—		(2.3)
Miscellaneous, net	21.0		0.8		(21.1)		(2.5)		(1.8)
Loss before taxes	(133.7)		(18.9)		39.7		(4.1)		(117.0)
Income tax (benefit) expense	42.5		(7.9)		35.0		—		69.6
Equity in earnings of subsidiaries	(6.8)		(1.0)		(0.6)		7.8		(0.6)
Net (loss) income	(183.0)		(12.0)		4.1		3.7		(187.2)
Net (loss) income attributable to noncontrolling interests	—		—		(4.2)		—		(4.2)
Net (loss) income attributable to Diebold Nixdorf, Incorporated	$	(183.0)	$	(12.0)	$	8.3	$	3.7	$	(183.0)
Comprehensive (loss) income	$	(166.3)	$	(12.0)	$	(7.7)	$	15.7	$	(170.3)
Less: comprehensive income (loss) attributable to noncontrolling interests	—		—		(4.0)		—		(4.0)
Comprehensive (loss) income attributable to Diebold Nixdorf, Incorporated	$	(166.3)	$	(12.0)	$	(3.7)	$	15.7	$	(166.3)

Condensed Cash Flow Statement

Condensed Consolidating Statement of Cash Flows

Six Months Ended June 30, 2020

	Parent		Domestic Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Consolidating Entries and Eliminations		Consolidated
Net cash provided (used) by operating activities	$	(118.8)	$	(10.1)	$	(41.7)	$	—	$	(170.6)
Cash flow from investing activities
Capital expenditures	(2.1)		—		(6.7)		—		(8.8)
Proceeds from divestitures, net of cash divested	—		—		(47.9)		—		(47.9)
Proceeds from maturities of investments	—		—		104.1		—		104.1
Payments for purchases of investments	—		—		(103.0)		—		(103.0)
Increase in certain other assets	9.9		—		(8.7)		—		1.2
Capital contributions and loans paid	(12.1)		—		—		12.1		—
Proceeds from intercompany loans	9.4		—		—		(9.4)		—
Net cash provided (used) by investing activities	5.1		—		(62.2)		2.7		(54.4)
Cash flow from financing activities
Debt issuance costs	(3.8)		—		—		—		(3.8)
Revolving credit facility borrowings	385.9		—		—		—		385.9
Other debt borrowings	—		—		20.0		—		20.0
Other debt repayments	(72.8)		—		(17.7)		—		(90.5)
Other	(4.7)		—		(0.8)		—		(5.5)
Capital contributions received and loans incurred	—		12.1		—		(12.1)		—
Payments on intercompany loans	—		(3.8)		(5.6)		9.4		—
Net cash provided (used) by financing activities	304.6		8.3		(4.1)		(2.7)		306.1
Effect of exchange rate changes on cash and cash equivalents	—		—		(10.8)		—		(10.8)
Increase (decrease) in cash, cash equivalents and restricted cash	190.9		(1.8)		(118.8)		—		70.3
Add: Cash included in assets held for sale at beginning of period	—		—		97.2		—		97.2
Less: Cash included in assets held for sale at end of period	—		—		2.0		—		2.0
Cash, cash equivalents and restricted cash at the beginning of the period	3.6		1.8		275.5		—		280.9
Cash, cash equivalents and restricted cash at the end of the period	$	194.5	$	—	$	251.9	$	—	$	446.4

Condensed Consolidating Statement of Cash Flows

Six Months Ended June 30, 2019

	Parent		Domestic Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Consolidating Entries and Eliminations		Consolidated
Net cash used by operating activities	$	54.7	$	(21.0)	$	(101.3)	$	—	$	(67.6)
Cash flow from investing activities
Capital expenditures	(2.2)		—		(18.1)		—		(20.3)
Proceeds from maturities of investments	1.2		—		107.0		—		108.2
Payments for purchases of investments	—		—		(85.8)		—		(85.8)
Proceeds from sale of assets	0.1		—		8.1		—		8.2
Increase in certain other assets	(3.4)		—		(8.4)		—		(11.8)
Capital contributions and loans paid	(27.4)		—		—		27.4		—
Proceeds from intercompany loans	9.9		—		—		(9.9)		—
Net cash provided (used) by investing activities	(21.8)		—		2.8		17.5		(1.5)
Cash flow from financing activities
Revolving credit facility (repayments) borrowings, net	(25.0)		—		15.0		—		(10.0)
Other debt borrowings	—		—		19.6		—		19.6
Other debt repayments	(13.6)		—		(29.3)		—		(42.9)
Distributions and payments to noncontrolling interest holders	—		—		(98.0)		—		(98.0)
Other	(1.6)		—		—		—		(1.6)
Capital contributions received and loans incurred	—		27.0		0.4		(27.4)		—
Payments on intercompany loans	—		(6.8)		(3.1)		9.9		—
Net cash provided (used) by financing activities	(40.2)		20.2		(95.4)		(17.5)		(132.9)
Effect of exchange rate changes on cash and cash equivalents	—		—		0.2		—		0.2
Decrease in cash, cash equivalents and restricted cash	(7.3)		(0.8)		(193.7)		—		(201.8)
Add: Cash included in assets held for sale at beginning of period	—		—		7.3		—		7.3
Less: Cash included in assets held for sale at end of period	—		—		4.1		—		4.1
Cash, cash equivalents and restricted cash at the beginning of the period	17.3		2.7		438.4		—		458.4
Cash, cash equivalents and restricted cash at the end of the period	$	10.0	$	1.9	$	247.9	$	—	$	259.8