The following table presents the major categories of income (loss) from discontinued operations related to the Spin-Off of NCR Atleos: | | | | | | | | | | | | | | | | | | | | | | | | In millions | Three months ended June 30 | | Six months ended June 30 | 2024(1) | | 2023 | | 2024(1) | | 2023 | Product revenue | $ | — | | | $ | 265 | | | $ | — | | | $ | 498 | | Service revenue | 1 | | | 775 | | | 5 | | | 1,527 | | Total revenue | 1 | | | 1,040 | | | 5 | | | 2,025 | | Cost of products | — | | | 209 | | | — | | | 398 | | Cost of services | — | | | 557 | | | 4 | | | 1,111 | | Selling, general and administrative expenses | — | | | 169 | | | 1 | | | 308 | | Research and development expenses | — | | | 15 | | | — | | | 30 | | Total operating expenses | — | | | 950 | | | 5 | | | 1,847 | | Income from discontinued operations | 1 | | | 90 | | | — | | | 178 | | Interest expense | — | | | — | | | — | | | — | | Other income (expense), net | — | | | — | | | — | | | 1 | | Income (loss) from discontinued operations before income taxes | 1 | | | 90 | | | — | | | 179 | | Income tax expense (benefit) | — | | | 22 | | | — | | | 31 | | Net income (loss) from discontinued operations | 1 | | | 68 | | | — | | | 148 | | Net income (loss) attributable to noncontrolling interests | — | | | (1) | | | — | | | — | | Net income (loss) from discontinued operations related to NCR Atleos | $ | 1 | | | $ | 69 | | | $ | — | | | $ | 148 | |
(1)Represents operations of the delayed countries that transferred to NCR Atleos during 2024 through date of separation versus full period of NCR Atleos operations for 2023. The following table presents the major classes of assets and liabilities of discontinued operations: | | | | | | In millions | December 31, 2023 | Assets | | Current assets | | Cash and cash equivalents | $ | 1 | | Accounts receivable, net of allowances | 9 | | Inventories | 4 | | | | Prepaid and other current assets | 1 | | Total current assets | 15 | | | | | | | | | | | | | | Other assets | 8 | | Noncurrent assets | 8 | | Total assets of discontinued operations | $ | 23 | | | | Liabilities | | Current liabilities | | | | Accounts payable | $ | 1 | | Payroll and benefits liabilities | 1 | | Contract liabilities | 10 | | | | Other current liabilities | 3 | | Total current liabilities | 15 | | | | Pension and indemnity plan liabilities | 7 | | | | | | | | Other liabilities | 5 | | Noncurrent liabilities | 12 | | Total liabilities of discontinued operations | $ | 27 | | | |
The following table presents selected financial information related to cash flows from discontinued operations: | | | | | | | | | | | | In millions | Six months ended June 30 | 2024(1) | | 2023 | Net cash provided by (used in) operating activities | $ | — | | | $ | 292 | | Net cash provided by (used in) investing activities | — | | | (37) | | Net cash provided by (used in) financing activities | — | | | (2) | |
(1)Represents operations of the delayed countries that transferred to NCR Atleos during 2024 through date of separation versus full period of NCR Atleos operations for 2023.
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