Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

The following tables present information regarding the Company’s segment performance and provide a reconciliation between segment operating profit and the consolidated income (loss) before income taxes:


	Three months ended				Six months ended
	June 30				June 30
	2022		2021		2022		2021
Net sales summary by segment
Banking	$	590.2	$	638.5	$	1,152.9	$	1,278.0
Retail	255.8		305.0		517.5		609.4
Held for sale non-core European retail business(6)	5.7		—		11.1		—
Total revenue	$	851.7	$	943.5	$	1,681.5	$	1,887.4

Segment operating profit
Banking	$	80.5	$	101.8	$	126.2	$	210.8
Retail	34.6		39.1		58.8		81.3


Total segment operating profit	115.1		140.9		185.0		292.1

Corporate charges not allocated to segments (1)	(62.8)		(77.8)		(133.6)		(150.0)
Impairment of assets (2)	(5.4)		—		(60.6)		—
Amortization of Wincor Nixdorf purchase accounting intangible assets(3)	(17.6)		(19.9)		(36.1)		(39.8)
Restructuring and transformation expenses(4)	(78.3)		(30.4)		(78.3)		(53.6)
Net non-routine expense(5)	(37.2)		0.1		(39.6)		0.4
Held for sale non-core European retail business(6)	(5.3)		—		(11.7)		—
	(206.6)		(128.0)		(359.9)		(243.0)
Operating profit (loss)	(91.5)		12.9		(174.9)		49.1
Other income (expense)	(41.7)		(53.9)		(90.6)		(95.9)
Loss before taxes	$	(133.2)	$	(41.0)	$	(265.5)	$	(46.8)

(1) Corporate charges not allocated to segments include headquarter-based costs associated primarily with human resources, finance, IT and legal that are not directly attributable to a particular segment and are separately assessed by the CODM for purposes of making decisions, assessing performance and allocating resources.

(2) Refer to Notes 20 and 21 for further information on the impairment charges taken in the first quarter of 2022. During the second quarter of 2022, and in connection with the organizational simplification, $5.4 of right-of-use assets and the related leasehold improvements and furniture and fixtures were impaired related to facilities identified for closure.

(3) The amortization of purchase accounting intangible assets is not included in the segment results used by the CODM to make decisions, allocate resources or assess performance.

(4) Refer to Note 8: Restructuring for further information. Consistent with the historical reportable segment structure, restructuring and transformation costs are not assigned to the segments, and are separately analyzed by the CODM.

(5) 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 as they are not included in the measure as used by the CODM to make decisions, allocate resources and assess performance. Net non-routine expense for the three and six months ended June 30, 2022 primarily consisted of inventory charges related to legacy product of $34.4 which management determined would no longer be sold as part of a product portfolio consolidation connected with the organizational simplification. Also included in net non-routine expense are charges related to the wind-down of our operations in Russia and Ukraine as discuss in Note 21 and charges related to mergers, acquisitions and divestitures.

(6) Held for sale non-core European retail business represents the revenue and operating profit of a business that has been classified as held for sale for all of the periods presented, but which was removed in 2022 from the retail segment's information used by the CODM to make decisions, assess performance and allocate resources, and now is individually analyzed. This change and timing thereof aligns with the build-out of a data center that makes the entity capable of operating autonomously and is consistent with material provided in connection with our refinancing effort which are exclusive of this entity. The presentation in the periods ended June 30, 2022 and 2021 is consistent with management reporting. Total revenue generated by this business was $5.7 and $11.1 in the three and six month periods ended June 30, 2022, compared to $5.2 and $13.5 for the three and six month periods ended June 30, 2021. Operating loss generated by this business was $5.3 and $11.7 in the three and six month periods ended June 30, 2022, compared to $3.7 and $7.5 for the three and six month periods ended June 30, 2021.

Schedule Of Revenue From External Customers By Product And Service Solution

The following table presents information regarding the Company’s segment net sales by service and product solution:


	Three months ended				Six months ended
	June 30				June 30
	2022		2021		2022		2021
Segments
Banking
Services	$	389.3	$	424.0	$	772.9	$	841.2
Products	200.9		214.5		380.0		436.8
Total Banking	590.2		638.5		1,152.9		1,278.0

Retail
Services	135.3		162.7		275.2		319.1
Products	120.5		142.3		242.3		290.3
Total Retail	255.8		305.0		517.5		609.4

Held for sale non-core European retail business
Services	0.8		—		3.4		—
Products	4.9		—		7.7		—

Total revenue	$	851.7	$	943.5	$	1,681.5	$	1,887.4