Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

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


	Three months ended				Six months ended
	June 30,				June 30,
	2023		2022		2023		2022
Net sales summary by segment
Banking	$	664.9	$	590.2	$	1,257.8	$	1,152.9
Retail	252.4		255.8		512.8		517.5
Held for sale non-core European retail business(7)	4.9		5.7		9.7		11.1
Total revenue	$	922.2	$	851.7	$	1,780.3	$	1,681.5

Segment operating profit
Banking	$	102.4	$	80.5	$	182.3	$	126.2
Retail	32.1		34.6		71.1		58.8


Total segment operating profit	$	134.5	$	115.1	253.4		185.0

Corporate charges not allocated to segments (1)	$	(64.6)	$	(62.8)	(133.5)		(133.6)
Impairment of assets (2)	(1.8)		(5.4)		(2.7)		(60.6)
Amortization of Wincor Nixdorf purchase accounting intangible assets(3)	(18.0)		(17.6)		(35.7)		(36.1)
Restructuring and transformation expenses(4)	(18.6)		(78.3)		(33.6)		(78.3)
Refinancing related costs(5)	(30.5)		—		(44.6)		—
Net non-routine expense(6)	(2.0)		(37.2)		(2.7)		(39.6)
Held for sale non-core European retail business(7)	(2.9)		(5.3)		(6.6)		(11.7)
	(138.4)		(206.6)		(259.4)		(359.9)
Operating loss	(3.9)		(91.5)		(6.0)		(174.9)
Other income (expense)	(697.6)		(41.7)		(785.8)		(90.6)
Loss before taxes	$	(701.5)	$	(133.2)	$	(791.8)	$	(265.5)

(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) Impairment in the six months ended June 30, 2023 relates primarily to leased European facilities closures. Impairment during the six months ended June 30, 2022 was primarily comprised of $38.4 related to impairment of capitalized cloud-based North America ERP, and the Company impaired $16.8 of assets connected with the Company's operations in Russia, Ukraine and Belarus as a result of the Russian incursion into Ukraine and the related economic sanctions.

(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 9 for further information regarding restructurings. 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 that have been accounted for as period expense.

(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 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.

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,
	2023		2022		2023		2022
Segments
Banking
Services	$	400.2	$	389.3	$	781.3	$	772.9
Products	264.7		200.9		476.5		380.0
Total Banking	664.9		590.2		1,257.8		1,152.9

Retail
Services	135.3		135.3		268.5		275.2
Products	117.1		120.5		244.3		242.3
Total Retail	252.4		255.8		512.8		517.5

Held for sale non-core European retail business
Services	2.5		0.8		4.6		3.4
Products	2.4		4.9		5.1		7.7

Total revenue	$	922.2	$	851.7	$	1,780.3	$	1,681.5