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Segment Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
During the second quarter of 2022, the Company appointed a new Chief Executive Officer and announced an organizational simplification initiative. In connection with those events, the Company's reportable segments are no longer Americas Banking, Eurasia Banking and Retail, and instead the reportable operating segments are the following: Banking and Retail. Under the simplified organization and related restructuring discussed in Note 8 of the consolidated financial statements, the Company does not have regionally focused direct reports to the CODM, and the CODM analyzes Banking and Retail on a global basis and not based on regional profitability metrics.

The Company's new reportable segment information below directly aligns with how the recently appointed Chief Executive Officer, who is also the CODM, regularly reviews results to make decisions, allocate resources and assess performance. The new Banking segment's sales and cost of sales are the summation of the legacy Americas Banking and Eurasia Banking's sales and cost of sales. The Company will continually consider its operating structure and the information subject to regular review.

Segment operating profit (loss) as disclosed herein is consistent with the segment profit or loss measure used by the CODM and does not include corporate charges, amortization of acquired intangible assets, asset impairment, restructuring and transformation charges, the results of the held-for-sale European retail business, or other non-routine, unusual or infrequently occurring items, as the CODM does not regularly review and use such financial measures to make decisions, allocate resources and assess performance.

Segment revenue represents revenues from sales to external customers. Segment operating profit is defined as revenues less expenses directly attributable to the segments. The Company does not allocate to its segments certain operating expenses which are managed at the headquarters level; that are not used in the management of the segments, not segment-specific, and impractical to allocate. In some cases the allocation of corporate charges has changed from the legacy structure to the new structure, but prior periods have been recast to conform to the new presentation. Segment operating profit reconciles to consolidated income (loss) before income taxes by deducting items that are not attributed to the segments and which are managed independently of segment results. 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:
202220212020
Net sales summary by segment
Banking$2,422.4 $2,711.1 $2,850.5 
Retail1,018.2 1,194.1 1,051.8 
Held for sale non-core European retail business (7)
20.1 — — 
Total Revenue$3,460.7 $3,905.2 $3,902.3 
Segment operating profit
Banking$310.8 $440.6 $537.2 
Retail134.0 164.6 115.6 
Total segment operating profit$444.8 $605.2 $652.8 
Corporate charges not allocated to segments (1)
$(247.3)$(272.5)$(297.4)
Impairment of assets (2)
(111.8)(1.3)(7.5)
Amortization of Wincor Nixdorf purchase accounting intangible assets (3)
(69.6)(78.2)(82.9)
Restructuring and transformation expenses (4)
(124.2)(98.9)(181.8)
Refinancing related costs (5)
(32.0)— — 
Net non-routine expense (6)
(42.6)(17.2)(59.2)
Held for sale non-core European retail business (7)
(29.0)— — 
(656.5)(468.1)(628.8)
Operating profit (loss)(211.7)137.1 24.0 
Other income (expense)(226.9)(187.8)(293.5)
Loss before taxes$(438.6)$(50.7)$(269.5)

(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.
(2)    Charges were taken in the first quarter of 2022 related to the North American ERP and certain assets in Ukraine, Russia, and Belarus; in the second quarter of 2022 related to facility closures; in the third quarter related to German capitalized software; and in the fourth quarter of 2022 related to assets at the held for sale non-core European retail business.
(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 of the consolidated financial statements 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)    Refinancing related costs are fees earned by our advisors and the advisors of our potential lenders that do not qualify for capitalization.
(6)    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 used by the CODM to make decisions, allocate resources and assess performance.
(7)    Held for sale non-core European retail business represents the revenue and operating profit, excluding impairment which is captured separately, 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 following table presents information regarding the Company’s segment net sales by service and product solution:
202220212020
Banking
Services$1,548.1 $1,681.2 $1,781.9 
Products874.3 1,029.9 1,068.6 
Total Banking$2,422.4 $2,711.1 $2,850.5 
Retail
Services$540.9 $622.4 $582.6 
Products477.3 571.7 469.2 
Total Retail$1,018.2 $1,194.1 $1,051.8 
Held for sale non-core European retail business (7)
Services$9.9 $— $— 
Products10.2 — — 
20.1 — — 
Total Revenue$3,460.7 $3,905.2 $3,902.3 

The Company had no customers that accounted for more than 10 percent of total net sales in 2022, 2021 and 2020.

Below is a summary of net sales by point of origin for the years ended December 31:
202220212020
Americas
United States$861.4 $893.1 $974.7 
Other Americas600.0 530.1 502.9 
Total Americas Revenue1,461.4 1,423.2 1,477.6 
EMEA
Germany522.8 768.2 764.3 
Other EMEA1,173.2 1,356.3 1,282.0 
Total EMEA Revenue1,696.0 2,124.5 2,046.3 
APAC
Total APAC Revenue303.3 357.5 378.4 
Total Revenue$3,460.7 $3,905.2 $3,902.3 

Below is a summary of property, plant and equipment, net and right-of-use operating lease assets by geographical location as of December 31:
20222021
Property, plant and equipment, net
United States$24.4 $19.4 
Germany80.5 96.9 
Other international15.8 21.8 
Total property, plant and equipment, net$120.7 $138.1 
Right-of-use operating lease assets
United States$34.9 $49.1 
Other international73.6 103.3 
Total right-of-use operating lease assets$108.5 $152.4