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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
During the second quarter of 2022, the Company appointed a new Chief Executive Officer, who is also the CODM, 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 10 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 reportable segment information below directly aligns with how 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 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 formerly 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:

SuccessorPredecessor
Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Years ended December 31,
20222021
Net sales summary by segment
Banking$1,157.6 $1,511.0 $2,422.4 $2,711.1 
Retail469.3 610.0 1,018.2 1,194.1 
Held for sale non-core European retail business (7)
1.7 10.9 20.1 — 
Total Revenue$1,628.6 $2,131.9 $3,460.7 $3,905.2 
Segment operating profit
Banking$182.1 $211.6 $310.8 $440.6 
Retail68.9 86.2 134.0 164.6 
Total segment operating profit$251.0 $297.8 $444.8 $605.2 
Corporate charges not allocated to segments (1)
$(123.4)$(159.8)$(247.3)$(272.5)
Impairment of assets (2)
(1.2)(3.3)(111.8)(1.3)
Amortization of Wincor Nixdorf purchase accounting intangible assets (3)
— (41.8)(69.6)(78.2)
Restructuring and transformation expenses (4)
(23.1)(38.4)(124.2)(98.9)
Refinancing related costs (5)
(5.1)(44.7)(32.0)— 
Net non-routine expense (6)
(4.8)(7.4)(42.6)(17.2)
Held for sale non-core European retail business (7)
(1.0)(7.9)(29.0)— 
(158.6)(303.3)(656.5)(468.1)
Operating profit (loss)92.4 (5.5)(211.7)137.1 
Other (expense) income(92.5)1,453.9 (226.9)(187.8)
(Loss) income before taxes$(0.1)$1,448.4 $(438.6)$(50.7)

(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)    Impairments in 2023 primarily relate to the write-down of right-of-use assets and related leasehold improvements for facilities identified for closure and impairment of discontinued internally developed software. 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 2022 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 12 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 had been classified as held for sale for all the Predecessor 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 was 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. This business was sold during the Successor Period.
The following table presents information regarding the Company’s segment net sales by service and product solution:
SuccessorPredecessor
Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Years ended December 31,
20222021
Banking
Services$626.9 $954.3 $1,548.1 $1,681.2 
Products530.7 556.7 874.3 1,029.9 
Total Banking$1,157.6 $1,511.0 $2,422.4 $2,711.1 
Retail
Services$230.4 $335.2 $540.9 $622.4 
Products238.9 274.8 477.3 571.7 
Total Retail$469.3 $610.0 $1,018.2 $1,194.1 
Held for sale non-core European retail business (7)
Services$1.1 $5.5 $9.9 $— 
Products0.6 5.4 10.2 — 
1.7 10.9 20.1 — 
Total Revenue$1,628.6 $2,131.9 $3,460.7 $3,905.2 

The Company had no customers that accounted for more than 10 percent of total net sales in 2023, 2022 and 2021.

Below is a summary of net sales by point of origin:
SuccessorPredecessor
Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Years ended December 31,
20222021
Americas
United States$404.1 $583.9 $861.4 $893.1 
Other Americas290.0 380.9 600.0 530.1 
Total Americas Revenue694.1 964.8 1,461.4 1,423.2 
EMEA
Germany248.2 283.9 522.8 768.2 
Other EMEA553.2 714.2 1,173.2 1,356.3 
Total EMEA Revenue801.4 998.1 1,696.0 2,124.5 
APAC
Total APAC Revenue133.1 169.0 303.3 357.5 
Total Revenue$1,628.6 $2,131.9 $3,460.7 $3,905.2 
Below is a summary of property, plant and equipment, net and right-of-use operating lease assets by geographical location as of December 31:
SuccessorPredecessor
20232022
Property, plant and equipment, net
United States$29.7 $24.4 
Germany86.5 80.5 
Other international42.8 15.8 
Total property, plant and equipment, net$159.0 $120.7 
Right-of-use operating lease assets
United States$30.9 $34.9 
Germany10.1 7.4 
Other international57.7 66.2 
Total right-of-use operating lease assets$98.7 $108.5