SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

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:


	Successor		Predecessor
	Period from 08/12/2023 through 12/31/2023		Period from 01/01/2023 through 08/11/2023		Years ended December 31,
					2022		2021
Net sales summary by segment
Banking	$	1,157.6	$	1,511.0	$	2,422.4	$	2,711.1
Retail	469.3		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
Retail	68.9		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.

Segment Net Sales by Service and Product Location

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


	Successor		Predecessor
	Period from 08/12/2023 through 12/31/2023		Period from 01/01/2023 through 08/11/2023		Years ended December 31,
					2022		2021
Banking
Services	$	626.9	$	954.3	$	1,548.1	$	1,681.2
Products	530.7		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
Products	238.9		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	$	—
Products	0.6		5.4		10.2		—
	1.7		10.9		20.1		—
Total Revenue	$	1,628.6	$	2,131.9	$	3,460.7	$	3,905.2

Net Sales by Point of Origin and Property, Plant and Equipment, Net and Right-of-Use Operating Lease Assets by Geographical Location

Below is a summary of net sales by point of origin:


	Successor		Predecessor
	Period from 08/12/2023 through 12/31/2023		Period from 01/01/2023 through 08/11/2023		Years ended December 31,
					2022		2021
Americas
United States	$	404.1	$	583.9	$	861.4	$	893.1
Other Americas	290.0		380.9		600.0		530.1
Total Americas Revenue	694.1		964.8		1,461.4		1,423.2
EMEA
Germany	248.2		283.9		522.8		768.2
Other EMEA	553.2		714.2		1,173.2		1,356.3
Total EMEA Revenue	801.4		998.1		1,696.0		2,124.5
APAC
Total APAC Revenue	133.1		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:


	Successor		Predecessor
	2023		2022
Property, plant and equipment, net
United States	$	29.7	$	24.4
Germany	86.5		80.5
Other international	42.8		15.8
Total property, plant and equipment, net	$	159.0	$	120.7

Right-of-use operating lease assets
United States	$	30.9	$	34.9
Germany	10.1		7.4
Other international	57.7		66.2
Total right-of-use operating lease assets	$	98.7	$	108.5