DIEBOLD NIXDORF, INC, 10-K filed on 2/12/2026
Annual Report
v3.25.4
Cover Page - USD ($)
 12 Months Ended
Dec. 31, 2025
Jan. 30, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 1-4879    
Entity Registrant Name Diebold Nixdorf, Incorporated    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 34-0183970    
Entity Address, Address Line One 350 Orchard Avenue NE    
Entity Address, City or Town North Canton    
Entity Address, State or Province OH    
Entity Address, Postal Zip Code 44720-2556    
City Area Code 330    
Local Phone Number 490-4000    
Title of 12(b) Security Common Stock $0.01 Par Value Per Share    
Trading Symbol DBD    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction Flag false    
Entity Shell Company false    
Entity Public Float     $ 1,062,492,335
Entity Common Stock, Shares Outstanding   35,173,038  
Documents Incorporated by Reference Diebold Nixdorf, Incorporated's Proxy Statement for the 2026 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K.    
Entity Central Index Key 0000028823    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Name KPMG LLP
Auditor Firm ID 185
Auditor Location Cleveland, Ohio
v3.25.4
STATEMENT OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash, cash equivalents and restricted cash $ 387.3 $ 311.3
Short-term investments (Note 1) 29.1 16.9
Trade receivables (Note 1) 609.4 588.5
Inventories (Note 6) 521.0 528.1
Prepaid expenses 50.9 45.8
Other current assets 189.1 177.3
Total current assets 1,786.8 1,667.9
Property, plant and equipment, net (Note 7) 286.0 246.2
Deferred income taxes (Note 5) 105.0 69.5
Goodwill (Note 8) 642.4 586.4
Customer relationships and other intangible assets, net (Note 8) 792.4 778.6
Other assets 241.8 194.9
Total assets 3,854.4 3,543.5
LIABILITIES    
Accounts payable 431.1 460.2
Deferred revenue 325.8 320.7
Payroll and other benefits liabilities 201.6 173.2
Other current liabilities 413.0 312.2
Total current liabilities 1,371.5 1,266.3
Long-term debt (Note 11) 938.5 927.3
Pensions, post-retirement and other benefits 120.4 124.4
Deferred income taxes (Note 5) 200.7 176.8
Other liabilities 118.5 110.5
Total liabilities 2,749.6 2,605.3
EQUITY    
Common stock (Note 12) 0.4 0.4
Paid-in-capital 1,060.5 1,048.4
Retained earnings (deficit) 91.9 (1.1)
Treasury shares, at cost (Note 12) (130.7) 0.0
Accumulated other comprehensive income (loss) (Note 12) 77.8 (117.9)
Total Diebold Nixdorf stockholders' equity 1,099.9 929.8
Noncontrolling interests 4.9 8.4
Total equity 1,104.8 938.2
Total liabilities and equity $ 3,854.4 $ 3,543.5
v3.25.4
STATEMENT OF EARNINGS (LOSS) - USD ($)
shares in Millions, $ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Net sales        
Total revenues (Note 17) $ 1,628.6 $ 2,131.9 $ 3,805.7 $ 3,751.1
Cost of sales        
Total cost of sales 1,275.6 1,611.9 2,844.5 2,831.1
Gross profit 353.0 520.0 961.2 920.0
Selling and administrative expense 226.0 458.7 632.5 643.6
Research, development and engineering expense 34.4 62.3 86.7 93.6
Impairment of assets and other 0.2 4.5 0.0 0.7
Total costs and expenses 260.6 525.5 719.2 737.9
Operating profit (loss) 92.4 (5.5) 242.0 182.1
Other income (expense)        
Interest income 6.3 6.7 8.9 12.3
Interest expense (73.1) (173.6) (85.7) (155.3)
Foreign exchange gain (loss), net (12.2) (1.2) (44.1) 13.8
Reorganization items, net (17.1) 1,614.1 0.0 0.0
Miscellaneous, net (0.8) 12.3 4.0 1.5
Loss on extinguishment of debt 0.0 0.0 0.0 (7.1)
Income (loss) before taxes (4.5) 1,452.8 125.1 47.3
Income tax expense (benefit) (14.7) 90.4 24.1 64.3
Equity in earnings (loss) of unconsolidated subsidiaries, net 4.5 (0.5) (3.5) 2.5
Net income (loss) 14.7 1,361.9 97.5 (14.5)
Net income (loss) income attributable to noncontrolling interests 1.3 (0.8) 2.9 2.0
Net income (loss) attributable to Diebold Nixdorf $ 13.4 $ 1,362.7 $ 94.6 $ (16.5)
Basic weighted-average shares outstanding (in shares) 37.6 79.7 36.8 37.6
Diluted weighted-average shares outstanding (in shares) 37.6 81.4 37.2 37.6
Net income (loss) attributable to Diebold Nixdorf        
Basic earnings (loss) per share (in dollars per share) $ 0.36 $ 17.10 $ 2.57 $ (0.44)
Diluted earnings (loss) per share (in dollars per share) $ 0.36 $ 16.74 $ 2.54 $ (0.44)
Services        
Net sales        
Total revenues (Note 17) $ 858.4 $ 1,295.0 $ 2,168.9 $ 2,150.4
Cost of sales        
Total cost of sales 658.2 922.4 1,648.5 1,616.9
Products        
Net sales        
Total revenues (Note 17) 770.2 836.9 1,636.8 1,600.7
Cost of sales        
Total cost of sales $ 617.4 $ 689.5 $ 1,196.0 $ 1,214.2
v3.25.4
STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]        
Net income (loss) $ 14.7 $ 1,361.9 $ 97.5 $ (14.5)
Adjustments to reconcile net income (loss) to cash provided (used) by operating activities:        
Depreciation and amortization 59.0 77.3 127.5 132.3
Amortization of deferred financing costs into interest expense 0.9 21.8 6.4 1.9
Reorganization items (non-cash) 0.0 (1,747.6) 0.0 0.0
Reorganization items (debt make whole premium) 0.0 91.0 0.0 0.0
Share-based compensation 0.1 5.1 12.1 9.7
Loss (gain) on foreign currency transactions 6.0 (5.7) 38.8 (23.5)
Other 0.2 4.5 0.7 15.3
Deferred income taxes (43.2) 79.8 (48.1) (34.1)
Changes in certain assets and liabilities:        
Trade receivables (101.6) 9.9 25.9 99.6
Inventories 150.8 (98.1) 65.1 20.9
Sales tax and net value added tax 31.9 (38.1) 17.8 (19.1)
Accounts payable 75.0 (140.4) (68.3) (42.2)
Deferred revenue (43.2) (51.0) (21.4) (34.6)
Accrued salaries, wages and commissions (1.0) 33.0 9.4 29.0
Restructuring accrual (3.8) (30.2) 24.7 5.8
Certain other assets and liabilities 12.2 11.8 12.6 2.7
Net cash provided (used) by operating activities 158.0 (415.0) 300.7 149.2
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]        
Proceeds from maturities of investments 129.0 153.2 306.0 288.8
Payments for purchases of investments (129.5) (141.0) (318.4) (295.2)
Payments for acquisitions, net of cash acquired 0.0 0.0 (24.5) 0.0
Capital expenditures (9.8) (15.1) (37.4) (17.4)
Capitalized software development (9.8) (13.1) (24.3) (23.0)
Other 0.0 0.0 1.0 1.3
Net cash used by investing activities (20.1) (16.0) (97.6) (45.5)
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]        
Debt issuance costs 0.0 (5.1) 0.0 (26.8)
Payment of Exit Facility Call Premium 0.0 0.0 0.0 (21.0)
Debt make-whole premium 0.0 (91.0) 0.0 0.0
Distributions to noncontrolling interest holders 0.0 0.0 (7.3) (10.4)
Treasury share activity 0.0 0.0 (130.7) 0.0
Other (2.3) (3.4) (5.9) (8.2)
Net cash provided (used) by financing activities (4.0) 563.5 (143.9) (366.5)
Effect of exchange rate changes on cash and cash equivalents 1.1 2.9 16.8 (18.2)
Change in cash, cash equivalents and restricted cash 135.0 135.4 76.0 (281.0)
Add: Cash included in assets held for sale at beginning of period 0.7 2.8 0.0 0.0
Less: Cash included in assets held for sale at end of period 0.0 0.7 0.0 0.0
Cash, cash equivalents and restricted cash at the beginning of the period 456.6 319.1 311.3 592.3
Cash, cash equivalents and restricted cash at the end of the period 592.3 456.6 387.3 311.3
Supplemental Cash Flow Information [Abstract]        
Cash paid for: Income taxes 21.4 25.2 57.2 56.1
Cash paid for: Interest 52.7 74.7 59.1 149.4
2027 Revolving Facility        
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]        
Borrowings and proceeds from debt 0.0 0.0 0.0 200.0
Repayments of debt 0.0 0.0 0.0 (200.0)
2029 Revolving Facility        
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]        
Borrowings and proceeds from debt 0.0 0.0 0.0 70.0
Repayments of debt 0.0 0.0 0.0 (70.0)
Exit Facility        
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]        
Borrowings and proceeds from debt 0.0 1,250.0 0.0  
Repayments of debt       (1,250.0)
2030 Senior Secured Notes        
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]        
Borrowings and proceeds from debt 0.0 0.0 0.0 950.0
ABL Facility        
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]        
Repayments of debt 0.0 (188.3) 0.0 0.0
FILO Facility        
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]        
Borrowings and proceeds from debt 0.0 58.9 0.0 0.0
Repayments of debt 0.0 (58.9) 0.0 0.0
Superpriority Term Loans        
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]        
Repayments of debt 0.0 (400.6) 0.0 0.0
International short-term uncommitted lines of credit        
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]        
Borrowings and proceeds from debt 5.0 4.4 0.0 0.4
International short-term uncommitted lines of credit and Term Loan B USD and EUR        
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]        
Repayments of debt $ (6.7) $ (2.5) $ 0.0 $ (0.5)
v3.25.4
STATEMENT OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Net income (loss) $ 14.7 $ 1,361.9 $ 97.5 $ (14.5)
Other comprehensive income (loss), net of tax:        
Translation adjustment (net of tax of (19.0), $$12.7 and $— in the Successor Periods and $— in the Predecessor Period, respectively) 14.4 21.0 185.3 (126.1)
Pension and other post-retirement benefits:        
Prior service credit (cost) recognized during the period (net of tax of $(0.1), $(0.7) and $(0.2) in the Successor Periods and $0.2 in the Predecessor Period, respectively) 0.4 (0.2) 0.7 0.2
Net actuarial gains (losses) recognized during the period (net of tax of $(2.6), $2.5 and $2.6 in the Successor Periods and $(3.8) in the Predecessor Period, respectively) (6.5) 3.2 18.0 (0.9)
Net actuarial gains (losses) recognized due to settlement (net of tax of $0.5, $(3.2) and $— in Successor Periods and $1.1 in the Predecessor Period, respectively) 0.1 (0.9) (3.6) 1.2
Currency impact (net of tax of $(0.1), $0.3 and $0.1 in the Successor Periods and $(1.3) in the Predecessor Period, respectively) (0.1) 1.1 0.7 (0.1)
Other (0.4) 0.0 (0.3) 0.0
Other comprehensive income (loss), net of tax 7.8 32.3 194.9 (125.8)
Comprehensive income (loss) 22.5 1,394.2 292.4 (140.3)
Less: comprehensive income (loss) attributable to noncontrolling interests 1.5 (8.5) 2.1 1.7
Comprehensive income (loss) attributable to Diebold Nixdorf, Incorporated 21.0 1,402.7 290.3 (142.0)
Foreign currency hedges        
Other comprehensive income (loss), net of tax:        
Foreign currency hedges and interest rate hedges, net of tax (0.1) 4.7 (5.9) 0.0
Interest rate hedges        
Other comprehensive income (loss), net of tax:        
Foreign currency hedges and interest rate hedges, net of tax $ 0.0 $ 3.4 $ 0.0 $ (0.1)
v3.25.4
STATEMENT OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Translation adjustment and foreign currency hedges, tax $ 0.0 $ 0.0 $ (19.0) $ 12.7
Prior service credit (cost) recognized during the year, tax (0.2) 0.2 (0.1) (0.7)
Net actuarial gains (loss) recognized during the year, tax 2.6 (3.8) (2.6) 2.5
Net actuarial (gains) losses recognized due to settlement, tax 0.0 1.1 0.5 (3.2)
Currency impact, tax 0.1 (1.3) (0.1) 0.3
Foreign currency hedges        
Foreign and interest rate hedges, tax 0.0 0.0 0.0 0.0
Interest rate hedges        
Foreign and interest rate hedges, tax $ 0.0 $ 0.0 $ 0.0 $ (0.1)
v3.25.4
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Diebold Nixdorf Shareholders' equity
Common stock
 [1]
Accumulated other comprehensive income (loss)
Paid-in-capital
Retained earnings
Treasury shares
Equity warrants
Noncontrolling interests
Beginning balance at Dec. 31, 2022     $ 119.8 $ (360.0) $ 831.5 $ (1,406.7) $ (585.6) $ 20.1 $ 9.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) $ 1,361.9         1,362.7     (0.8)
Distribution to noncontrolling interest holders, net           0.0      
Other comprehensive income (loss) 32.3     40.0         (7.7)
Share-based compensation issued     1.4   (1.5)        
Share-based compensation expense         2.4        
Acceleration of Predecessor awards         2.8        
Elimination of Predecessor common shares, accumulated other comprehensive income, additional capital, retained earnings, treasury shares, equity warrants     (121.2) 320.0 (835.2) 48.4 586.4 (20.1)  
Issuance of Successor common stock     0.4   1,038.6        
Purchases             (0.8)    
Distribution to noncontrolling interest holders, net                 0.0
Change in value of non-controlling interests                 12.6
Ending balance at Aug. 11, 2023 1,057.3 $ 1,043.4 0.4 0.0 1,038.6 4.4 0.0 0.0 13.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 14.7         13.4     1.3
Distribution to noncontrolling interest holders, net           (0.7)      
Other comprehensive income (loss) 7.8     7.6         0.2
Share-based compensation issued     0.0   0.0        
Share-based compensation expense         0.1        
Acceleration of Predecessor awards         0.0        
Elimination of Predecessor common shares, accumulated other comprehensive income, additional capital, retained earnings, treasury shares, equity warrants     0.0 0.0 0.0 0.0 0.0 0.0  
Issuance of Successor common stock     0.0   0.0        
Purchases             0.0    
Distribution to noncontrolling interest holders, net                 0.0
Change in value of non-controlling interests                 0.0
Ending balance at Dec. 31, 2023 1,079.2 1,063.8 0.4 7.6 1,038.7 17.1 0.0 0.0 15.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (14.5)         (16.5)     2.0
Distribution to noncontrolling interest holders, net           (1.7)      
Other comprehensive income (loss) (125.8)     (125.5)         (0.3)
Share-based compensation issued     0.0   0.0        
Share-based compensation expense         9.7        
Acceleration of Predecessor awards         0.0        
Elimination of Predecessor common shares, accumulated other comprehensive income, additional capital, retained earnings, treasury shares, equity warrants     0.0 0.0 0.0 0.0 0.0  
Issuance of Successor common stock     0.0   0.0        
Purchases             0.0    
Distribution to noncontrolling interest holders, net                 (8.7)
Change in value of non-controlling interests                 0.0
Ending balance at Dec. 31, 2024 938.2 929.8 0.4 (117.9) 1,048.4 (1.1) 0.0 0.0 8.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 97.5         94.6     2.9
Distribution to noncontrolling interest holders, net           (1.6)      
Other comprehensive income (loss) 194.9     195.7         (0.8)
Share-based compensation issued     0.0   0.0        
Share-based compensation expense         12.1        
Acceleration of Predecessor awards         0.0        
Elimination of Predecessor common shares, accumulated other comprehensive income, additional capital, retained earnings, treasury shares, equity warrants     0.0 0.0 0.0 0.0 0.0  
Issuance of Successor common stock     0.0   0.0        
Purchases             (130.7)    
Distribution to noncontrolling interest holders, net                 (5.6)
Change in value of non-controlling interests                 0.0
Ending balance at Dec. 31, 2025 $ 1,104.8 $ 1,099.9 $ 0.4 $ 77.8 $ 1,060.5 $ 91.9 $ (130.7) $ 0.0 $ 4.9
[1] Successor Common Stock par value is $0.01, and the Predecessor Common Shares par value is $1.25.
v3.25.4
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares
Dec. 31, 2025
Aug. 11, 2023
Statement of Stockholders' Equity [Abstract]    
Common shares, par value (in dollars per share) $ 0.01 $ 1.25
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES. Principles of Consolidation. The consolidated financial statements of Diebold Nixdorf Incorporated and its wholly- and majority-owned subsidiaries (collectively, the Company) include the accounts of the Company. All significant intercompany accounts and transactions have been eliminated, including common control transfers among subsidiaries of the Company.
Use of Estimates in Preparation of Consolidated Financial Statements. The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include revenue recognition, the valuation of inventories, goodwill, intangible assets, other long-lived assets, legal contingencies, guarantee obligations and assumptions used in the calculation of income taxes, pension and other post-retirement benefits and customer incentives, among others. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors. Management monitors the economic condition and other factors and will adjust such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates.

Reclassifications. The Company has reclassified the presentation of certain prior-year information to conform to the current presentation.

International Operations. The financial statements of the Company’s international operations are measured using local currencies as their functional currencies, with the exception of financial results from Argentina, Singapore, El Salvador, and Switzerland, which have a functional currency other than local currency. These operations used either United States dollar (USD) or euro as their functional currency depending on the concentration of USD or euro transactions and distinct financial information. The Company translates the assets and liabilities of its non-U.S. subsidiaries at the exchange rates in effect at year end and the results of operations at the average rate throughout the year. The translation adjustments are recorded directly as a separate component of stockholders’ equity, while realized and unrealized transactional gains (losses) are included in net income (loss).

Revenue Recognition. Refer to Note 17.

Cost of Sales. Cost of sales for services primarily consists of fuel, parts and labor and benefits costs related to installation of products and service maintenance contracts, including call center costs as well as costs for service parts repair centers. Cost of sales for products is primarily comprised of direct materials and supplies consumed in the manufacturing and distribution of products, as well as related labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished products. Cost of sales for products also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity.

Property, plant and equipment and long-lived assets. Refer to Note 7.

Depreciation and Amortization. Depreciation of property, plant and equipment is computed using the straight-line method based on the estimated useful life for each asset class. Amortization of leasehold improvements is based upon the shorter of original terms of the lease or life of the improvement. Repairs and maintenance are expensed as incurred. Generally, amortization of the Company’s other long-term assets, such as intangible assets and capitalized software development, is computed using the straight-line method over the life of the asset. Fully depreciated assets are retained until disposal. Upon disposal, assets and related accumulated depreciation or amortization are removed from the accounts and the net amount, less proceeds from disposal, is recorded as gain or loss to operations.

Lease Accounting for Lessee Arrangements. Contractual arrangements are evaluated at inception to determine if the arrangements contains a lease. The Company utilizes lease agreements to meet its operational needs, including office space, warehouses, vehicles and IT equipment. The Company's lease population has initial lease terms ranging from less than one year to approximately fifteen years. Some leases include one or more options to renew, with renewal terms that can extend the lease term from six months to 15 years. Options to extend, purchase or terminate the lease are included as part of the right of use (ROU) lease asset and liability when it is reasonably certain the Company will exercise the option. For all lease assets, the fixed lease and non-lease components are accounted for as a single lease component when determining the ROU asset and lease liability. As most leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. In order to apply the incremental borrowing rate, a rate table was developed to assign the appropriate rate to each lease based on lease term and currency of payments. For leases with large numbers of underlying assets, a portfolio approach with a collateralized rate was utilized. Assets were grouped based on similar lease terms and economic environments in a manner whereby the Company reasonably expects that the application does not differ materially from a lease-by-lease approach.

Taxes on Income. Refer to Note 5.

Sales Tax. The Company collects sales taxes from customers and accounts for sales taxes on a net basis.

Cash, Cash Equivalents and Restricted Cash. The Company considers highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents.
Financial Instruments. The carrying amount of cash and cash equivalents, short-term investments, trade receivables and accounts payable approximated their fair value because of the relatively short maturity of these instruments. The Company’s risk-management strategy allows for the use of derivative financial instruments such as forwards to hedge certain foreign currency exposures and interest rate swaps to manage interest rate risk. The intent is to offset gains and losses that occur on the underlying exposures, with gains and losses on the derivative contracts hedging these exposures. The Company does not enter into derivatives for trading purposes. The Company recognizes all derivatives on the statement of financial position at fair value. Changes in the fair values of derivatives that are not designated as hedges are recognized in earnings. If the derivative is designated and qualifies as a hedge, depending on the nature of the hedge, changes in the fair value of the derivatives are either offset against the change in the hedged assets or liabilities through earnings or recognized in other comprehensive income until the hedged item is recognized in earnings.

Fair Value. The Company measures its financial assets and liabilities using one or more of the following three valuation techniques:
Valuation techniqueDescription
Market approachPrices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.
Cost approachAmount that would be required to replace the service capacity of an asset (replacement cost).
Income approachTechniques to convert future amounts to a single present amount based upon market expectations.

The hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels:
Fair value levelDescription
Level 1Unadjusted quoted prices in active markets for identical assets or liabilities.

Fair value of investments categorized as level 1 are determined based on period end closing prices in active markets.
Level 2Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs, other than quoted prices in active markets, that are observable either directly or indirectly.

Fair value of investments categorized as level 2 are determined based on the latest available ask price or latest trade price if listed. The fair value of unlisted securities is established by fund managers using the latest reported information for comparable securities and financial analysis. If the manager believes the fund is not capable of immediately realizing the fair value otherwise determined, the manager has the discretion to determine an appropriate value.
Net asset value Fair value of investments categorized as NAV represent the plan’s interest in private equity, hedge and property funds. The fair value for these assets is determined based on the NAV as reported by the underlying investment managers.

A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company uses the end of the period when determining the timing of transfers between levels.

Short-Term Investments The Company has investments in securities, primarily in Brazil, that are recorded at cost, which approximates fair value. Changes in fair value are recognized in interest income, determined using the specific identification method, and were minimal. There were no gains from the sale of securities or proceeds from the sale of securities prior to the maturity date for the year ended December 31, 2025 and 2024. The cost basis and fair value of these investments was $29.1 and $16.9 as of December 31, 2025 and 2024, respectively.

Foreign Exchange Contracts The valuation of foreign exchange forward and option contracts is determined using valuation techniques, including option models tailored for currency derivatives. These contracts are valued using the market approach based on observable market inputs. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including spot rates, foreign currency forward rates, the interest rate curve of the domestic currency, and foreign currency volatility for the given currency pair.

Refer to Note 15 for further details of assets and liabilities subject to fair value measurement.

Trade Receivables. The Company records the lifetime expected loss on uncollectible trade receivables based on historical loss experience as a percentage of sales and makes adjustments as necessary based on current trends. The Company will also record periodic adjustments for specific customer circumstances and changes in the aging of accounts receivable balances. Amounts deemed uncollectible are written off. The following table summarizes the Company’s allowances for doubtful accounts:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Beginning balance$10.9 $3.6 $— $34.5 
Charged to costs and expenses19.2 17.8 8.0 16.6 
Charged to other accounts (1)
(1.4)(1.2)(0.2)(0.3)
Deductions (2)
(22.7)(9.3)(4.2)(14.7)
Fresh Start Accounting adjustment— — — (36.1)
Ending balance$6.0 $10.9 $3.6 $— 
(1)    Includes net effects of foreign currency translation
(2)    Uncollectible accounts written-off, net of recoveries.

Financing Receivables. The Company records the lifetime expected loss on finance lease receivables on a customer-by-customer basis and evaluates specific customer circumstances, aging of invoices, credit risk changes, payment patterns and historical loss experience with consideration given to current trends. After all efforts at collection have been unsuccessful, the account is deemed uncollectible and is written off.

Inventories. The Company primarily values inventories using average or standard costing utilizing lower of cost or net realizable value. The standard costs approximate costs determined on a first in, first out basis. The Company identifies and writes down its excess and obsolete inventories to net realizable value based on usage forecasts, order volume and inventory aging. With the development of new products, the Company may also rationalize its product offerings and will assess if it is required to write-down discontinued products to the lower of cost or net realizable value.

Deferred Revenue. Refer to Note 17.

Goodwill. Refer to Note 8.

Contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. As additional information becomes available, any potential liability related to these matters is assessed and the estimates are revised, if necessary. Legal costs incurred in connection with loss contingencies are expensed as incurred.

Pensions and Other Post-retirement Benefits. Refer to Note 13.

Noncontrolling Interests. Noncontrolling interests represent the portion of profit or loss, net assets and comprehensive income that is not allocable to the Company.

Related Party Transactions. The Company has certain strategic alliances that are not consolidated. The Company's strategic alliances are not significant subsidiaries and are accounted for under the equity method of investments. The Company owns 48.1% of Inspur (Suzhou) Financial Information Technology Co., Ltd (Inspur JV) and 49.0% of Aisino-Wincor Retail & Banking Systems (Shanghai) Co., Ltd (Aisino JV) as of December 31, 2025. The Company engages in transactions with these entities in the ordinary course of business. As of December 31, 2025, the Company had accounts receivable due from and accounts payable due to these affiliates of $11.0 and $22.2, respectively, which are included in trade receivables, less allowances for doubtful accounts and accounts payable, respectively, on the consolidated statement of financial position.

Recently Adopted Accounting Guidance. In December 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-09 - Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). The amendments of ASU 2023-09 improves the transparency of financial reporting by adding requirements for disclosures related to effective tax rate reconciliation, as well as information on income taxes paid. Upon adoption as of December 31, 2025, the guidance was applied on a prospective basis. Refer to Note 5 of the consolidated financial statements for more information.

Recently Issued Accounting Guidance. In November 2024, the FASB issued ASU 2024-03 Comprehensive Income (Topic 220) -Disaggregation of Income Statement Expenses, which is expected to lead to incremental disclosure about the type of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented captions. In September 2025 they issued ASU 2025-06 Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which improves Subtopic 350-40 to increase the operability of the recognition guidance considering different methods of software developments. ASU 2024-03 and ASU 2025-06 are effective on December 31, 2027 and the Company is currently assessing the impact that they will have on its consolidated financial statements. In November 2024 the FASB issued ASU 2024-04 Debt (Topic 740) - Induced Conversions of Convertible Debt Instruments, which clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion, and is effective on December 31, 2026. The Company does not expect this ASU will have a significant impact on its consolidated financial statements.
Bankruptcy Accounting and Fresh Start Accounting. The consolidated financial statements of the Company for the Predecessor Period of January 1, 2023 through August 11, 2023 have been prepared using the going concern basis of accounting and in accordance with FASB Accounting Standards Codification (ASC) Topic No. 852 – Reorganizations (ASC 852). See Note 2 for further detail.

Upon emergence from the Chapter 11 Cases and Dutch Scheme Proceedings (see Note 2), the Company qualified for and applied fresh start accounting (Fresh Start Accounting), at which point we became a new entity for financial reporting because (i) the holders of the then existing common shares of the Predecessor received less than 50% of the new shares of common stock of the Successor outstanding upon emergence and (ii) the reorganization value of the Company’s assets immediately prior to confirmation of the Plans (defined in Note 2) was less than the total of all post-petition liabilities and allowed claims.

Upon adoption of Fresh Start Accounting, the reorganization value derived from the enterprise value associated with the Plans was allocated to the Company’s identifiable tangible and intangible assets and liabilities based on their fair values (except for deferred income taxes), with the remaining excess value allocated to goodwill in accordance with ASC 805 – Business Combinations. Deferred income tax amounts were determined in accordance with ASC 740 – Income Taxes.

References to “Predecessor” relate to the consolidated statements of operations for the period from January 1, 2023 through and including the adjustments from the application of Fresh Start Accounting on August 11, 2023. References to “Successor” relate to the consolidated statements of financial position of the reorganized Company as of December 31, 2024 and December 31, 2025 and consolidated statements of operations for the period from August 12, 2023 through December 31, 2023 and for the twelve months ended December 31, 2024 and 2025, and are not comparable to the consolidated financial statements of the Predecessor as indicated by the “black line” division in the financial statements and footnote tables, which emphasizes the lack of comparability between amounts presented. The Company’s financial results for future periods following the application of Fresh Start Accounting will be different from historical trends and the differences may be material.
v3.25.4
CHAPTER 11 CASES AND DUTCH SCHEME PROCEEDINGS
 12 Months Ended
Dec. 31, 2025
Reorganizations [Abstract]  
CHAPTER 11 CASES AND DUTCH SCHEME PROCEEDINGS CHAPTER 11 CASES AND DUTCH SCHEME PROCEEDINGS. On June 1, 2023, the Company and certain of its U.S. and Canadian subsidiaries (collectively, the Debtors) filed voluntary petitions in the U.S. Bankruptcy Court for the Southern District of Texas (the U.S. Bankruptcy Court) seeking relief under chapter 11 of title 11 of the U.S. Code (the U.S. Bankruptcy Code), which cases were jointly administered (the Chapter 11 Cases). Additionally, on June 1, 2023, Diebold Nixdorf Dutch Holding B.V. (Diebold Dutch) filed a scheme of arrangement relating to certain of the Company’s other subsidiaries (the Dutch Scheme Parties) and commenced voluntary proceedings (the Dutch Scheme Proceedings) under the Dutch Act on Confirmation of Extrajudicial Plans in the District Court of Amsterdam (the Dutch Court). On June 12, 2023, Diebold Dutch also filed a voluntary petition for relief under chapter 15 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court seeking recognition of the Dutch Scheme Proceedings as a foreign main proceedings and related relief (the Chapter 15 Proceedings).
On July 13, 2023, the U.S. Bankruptcy Court confirmed the Debtors’ Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization (the U.S. Plan). On August 2, 2023, the Dutch Court entered an order (the Dutch Sanction Order) sanctioning the Netherlands WHOA Plan of Diebold Dutch and the Dutch Scheme Companies (the Dutch Plan) in the Dutch Scheme Proceedings.

On August 11, 2023 (the Effective Date or Fresh Start Reporting Date), the U.S. Plan and Dutch Plan (together, the Plans) became effective in accordance with their terms and the Debtors and the Dutch Scheme Parties emerged from the Chapter 11 Cases and the Dutch Scheme Proceedings. Following filing the notice of the Effective Date with the U.S. Bankruptcy Court, the Chapter 15 Proceedings were closed.
v3.25.4
EARNINGS (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE EARNINGS (LOSS) PER SHARE. During the Predecessor Period, the Company’s participating securities included restricted stock units (RSUs), director deferred shares and shares that were vested but deferred by employees. The Company calculated basic and diluted earnings (loss) per share under both the treasury stock method and the two-class method. For the Successor Period the years ending December 31, 2025 and 2024 and the period from August 12, 2023 through December 31, 2023 and the Predecessor Period of the period from January 1, 2023 through August 11, 2023, there were no differences in the earnings (loss) per share amounts calculated using the two methods. Accordingly, the treasury stock method is disclosed below; however, because the Company was in a net loss position for the year ended December 31, 2024, dilutive shares are excluded from the shares used in the computation of diluted loss per share. The following table represents amounts used in computing earnings (loss) per share and the effect on the weighted-average number of shares of dilutive potential common stock:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Earnings used in basic and diluted earnings per share
Net income (loss)$97.5 $(14.5)$14.7 $1,361.9 
Net income (loss) income attributable to noncontrolling interests2.9 2.0 1.3 (0.8)
Net income (loss) attributable to Diebold Nixdorf$94.6 $(16.5)$13.4 $1,362.7 
Weighted-average common shares in basic earnings (loss) per share36.8 37.6 37.6 79.7 
Effect of dilutive shares (1)
0.4 — — 1.7 
Weighted-average number of shares used in diluted earnings (loss) per share
37.2 37.6 37.6 81.4 
Net income (loss) attributable to Diebold Nixdorf
Basic earnings per share$2.57 $(0.44)$0.36 $17.10 
Diluted earnings (loss) per share$2.54 $(0.44)$0.36 $16.74 
Anti-dilutive shares
Anti-dilutive shares not used in calculating diluted weighted-average shares0.1 1.1 — 2.1 
(1)Shares of 0.1 for the year ended December 31, 2024 are excluded from the computation of diluted earnings (loss) per share because the effects are anti-dilutive due to the net loss position.
v3.25.4
SHARE-BASED COMPENSATION
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION. The Company recognizes costs resulting from all share-based payment transactions based on the fair value of the award as of the grant date. Awards are valued at fair value and compensation cost is recognized on a straight-line basis over the requisite periods of each award. To cover the exercise and/or vesting of its share-based payments, the Company uses a combination of new shares from its authorized, unissued share pool and its treasury shares. On the Effective Date, the then existing common shares of the Predecessor were canceled and new common stock of the Successor was issued. Accordingly, the existing share-based compensation awards issued pursuant to the 2017 Equity and Performance Incentive Plan were also canceled, which resulted in the recognition of any previously unamortized expense related to the canceled awards on the date of cancellation. Pursuant to the U.S. Plan, the reorganized Company adopted a new management incentive plan. In the Successor Periods stock options and RSUs were issued to officers and other management employees under the Company’s 2023 Plan. The number of shares of common stock that may be issued pursuant to the 2023 Equity and Incentive Plan (the 2023 Plan) was 2.4, of which 0.6 shares were available for issuance at December 31, 2025. The following table summarizes the components of the Company’s employee and non-employee directors share-based compensation programs recognized as selling and administrative expense:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Pre-tax compensation expense$3.4 $4.1 $0.1 $— 
Tax benefit(0.7)(0.9)— — 
Stock option expense, net of tax(1)
$2.7 $3.2 $0.1 $— 
Pre-tax compensation expense$8.7 $5.6 $— $2.3 
Acceleration of Predecessor awards— — — 2.7 
Tax benefit(1.5)(1.3)— (1.2)
RSU expense, net of tax(2)
$7.2 $4.3 $— $3.8 
Pre-tax compensation expense$— $— $— $0.1 
Performance share expense, net of tax$— $— $— $0.1 
Pre-tax compensation expense$12.1 $9.7 $0.1 $2.4 
Acceleration of Predecessor awards— — — 2.7 
Tax benefit(2.2)(2.2)— (1.2)
Total share-based compensation, net of tax$9.9 $7.5 $0.1 $3.9 
(1) Unrecognized compensation costs related to unvested stock option awards as of December 31, 2025 was $6.1, which will be amortized over a weighted average period of 1.7 years.
(2) Unrecognized compensation costs related to unvested RSU awards as of December 31, 2025 was $14.3, which will be amortized over a weighted average period of 1.4 years.
Stock option awards vest based on the achievement of specified share prices during the over four years. The option exercise prices equal the closing price of the Company’s common shares on the date of grant. During the 2023 Successor Period, stock options were granted to non-employee directors that vest after a period of one year to four years, have a term of five years from the issuance date, and have an exercise price of $30.00. No stock options were granted in 2025. RSU awards provide the issuance of one share of common stock of the Company at no cost to the holder and are granted to both employees and non-employee directors. RSUs either cliff vest after one year or vest per annum over a three or four-year period. Non-vested employee RSUs are forfeited upon termination unless the Board of Directors determines otherwise. The table below summarizes the weighted average grant date fair value for stock option and RSU awards:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Stock options$— $12.41 $4.73 $— 
RSUs$44.53 $34.66 $29.00 $— 
The estimated fair value of the options granted in the 2024 and 2023 Successor Periods were calculated using a Monte Carlo simulation and Black-Scholes option pricing model, respectively. Key assumptions used in these valuations include risk free rates of 4.19% and 3.94%, dividend yields of —% and —%, expected volatility of 47.16% and 65.00% and expected lives of 3.95 years and 3.75 years for the Successor Periods of the year ended December 31, 2024 and the period from August 12, 2023 through December 31, 2023, respectively. Stock option and RSU awards outstanding and exercisable as of December 31, 2025, and changes during the period were as follows:
Stock optionsRSUs
Number of SharesWeighted-Average Exercise Price (per share)Weighted-Average Remaining Contractual Term (in years)Aggregate Intrinsic ValueNumber of SharesWeighted-Average Exercise Price (per share)Weighted-Average Remaining Contractual Term (in years)Aggregate Intrinsic Value
Outstanding at January 1, 20251.1 $31.58 0.6 $32.60 
Expired or forfeited(0.1)$30.00 (0.1)$33.22 
Exercised— $— (0.2)$33.21 
Granted— $— 0.2 $44.53 
Outstanding at December 31, 20251.0 $31.73 5.5$— 0.5 $37.66 
Exercisable at December 31, 20250.3 $30.00 2.7$— N/AN/AN/AN/A

The total fair value of RSUs vested during the year ended December 31, 2025 and 2024, the period from August 12, 2023 to December 31, 2023, and the period from January 1, 2023 to August 11, 2023 was $6.1, $2.0, $—, and $8.2, respectively.

Liability Classified Awards. In addition to the awards described above, the Company has certain performance and service-based awards that will be settled in cash and are accounted for as liabilities. The total compensation expense for these awards was $14.7, $11.6, $1.8, and $3.8 for years ended December 31, 2025 and 2024, the period from August 12, 2023 to December 31, 2023, and the period from January 1, 2023 to August 11, 2023, respectively. These awards vest ratably or cliff vest over a three-year period.
v3.25.4
INCOME TAXES
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES. Deferred taxes are provided on the asset and liability method, whereby deferred tax assets are recognized for deductible temporary differences, operating loss carry-forwards and tax credits. Deferred tax liabilities are recognized for taxable temporary differences and undistributed earnings in certain jurisdictions. Deferred tax assets are reduced by a valuation allowance when, based upon the available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Determination of a valuation allowance involves estimates regarding the timing and amount of the reversal of taxable temporary differences, expected future taxable income and the impact of tax planning strategies. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
The Company operates in numerous taxing jurisdictions and is subject to examination by various federal, state and foreign jurisdictions for various tax periods. Additionally, the Company has retained tax liabilities and the rights to tax refunds in connection with various acquisitions and divestitures of businesses. The Company’s income tax positions are based on research and interpretations of the income tax laws and rulings in each of the jurisdictions in which the Company does business. Due to the subjectivity of interpretations of laws and rulings in each jurisdiction, the differences and interplay in tax laws between those jurisdictions, as well as the inherent uncertainty in estimating the final resolution of complex tax audit matters, the Company’s estimates of income tax liabilities may differ from actual payments or assessments.

The Company assesses its position with regard to tax exposures and records liabilities for these uncertain tax positions and any related interest and penalties, when the tax benefit is not more likely than not realizable. The Company has recorded an accrual that reflects the recognition and measurement process for the financial statement recognition and measurement of a tax position taken or expected to be taken on a tax return. Additional future income tax expense or benefit may be recognized once the positions are effectively settled.
The following table presents components of income (loss) from operations before taxes:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Domestic$(206.3)$(195.8)$(67.1)$797.1 
Foreign331.4 243.1 62.6 655.7 
Total$125.1 $47.3 $(4.5)$1,452.8 

The following table presents the components of income tax expense (benefit):
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Current
U.S. federal$(0.6)$6.8 $(1.5)$(3.7)
Foreign72.8 59.1 33.0 14.4 
State and local— 6.5 (0.4)— 
Total current72.2 72.4 31.1 10.7 
Deferred
U.S. federal(18.9)(15.7)(27.1)29.5 
Foreign(26.5)11.6 (11.7)42.0 
State and local(2.7)(4.0)(7.0)8.2 
Total deferred(48.1)(8.1)(45.8)79.7 
Income tax expense (benefit) $24.1 $64.3 $(14.7)$90.4 

Income tax expense (benefit) attributable to income (loss) from operations before taxes differed from the amounts computed by applying the U.S. federal income tax rate of 21% to pre-tax income (loss) from operations. The following table presents these differences:

Year ended December 31, 2025
Total%
Earnings from continuing operations, before income tax expense$125.1 
U.S. federal statutory tax rate26.3 21.0 %
United States
State and local income taxes(1)
(2.7)(2.1)%
Federal
Effect of cross-border tax laws
U.S. taxed foreign income - Subpart F7.5 6.0 %
U.S. taxed foreign income - GILTI48.3 38.6 %
Foreign tax credits(37.7)(30.2)%
Foreign exchange gain (loss)(2.1)1.7 %
Tax credits
Other tax credits(1.1)(0.9)%
Changes in valuation allowances(11.8)(9.4)%
Nontaxable or nondeductible items
Non-deductible compensation2.4 1.9 %
Non-deductible interest expense5.1 4.0 %
Other(1.2)(0.9)%
Other adjustments1.1 0.9 %
Year ended December 31, 2025
Total%
Brazil
Effect of rates different than statutory3.6 2.9 %
Tax on undistributed earnings of subsidiaries11.4 9.1 %
Other(0.7)(0.6)%
Canada
Changes in valuation allowances(3.9)(3.1)%
State and local income taxes(2.1)(1.7)%
Other1.8 1.5 %
Germany
Effect of rates different than statutory(7.6)(6.0)%
Enactment of new tax laws(18.7)(14.9)%
State and local income taxes22.9 18.3 %
Other0.9 0.7 %
Mexico
Changes in valuation allowances(17.5)(14.0)%
Other1.8 1.4 %
Netherlands
Non-deductible interest expense2.4 1.9 %
Other1.0 0.8 %
Switzerland
Effect of rates different than statutory(4.6)(3.7)%
State and local income taxes4.1 3.3 %
Other(0.4)(0.3)%
Thailand2.1 1.7 %
Turkey
Changes in valuation allowances2.5 2.0 %
Other(1.4)(1.1)%
Other foreign jurisdictions6.0 4.8 %
Changes in unrecognized tax benefits(13.6)(10.8)%
Income tax expense$24.1 19.3 %
(1) During the year ended December 31, 2025, state and local income taxes in California, New York, New Jersey, Florida, Illinois, and Pennsylvania comprise greater than 50% of the tax effect in this category.
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
2024
Statutory tax expense (benefit)$9.9 $(0.9)$305.1 
State and local taxes (net of federal tax benefit)2.2 (5.1)8.4 
Brazil non-taxable incentive— (3.3)(0.6)
Valuation allowances6.6 1.1 (194.0)
Foreign tax rate differential17.4 1.5 47.3 
Tax on unremitted foreign earnings(3.5)1.5 6.8 
Change to uncertain tax positions(3.2)— (1.8)
U.S. taxed foreign income6.3 (9.2)23.6 
Non-deductible (non-taxable) items17.2 16.2 65.8 
Reorganization/Fresh Start reporting— (21.5)(170.9)
Prior year deferred true up(1.5)1.0 (6.1)
Return to provision3.6 (1.2)8.4 
Withholding tax and other taxes9.2 5.1 0.6 
Other0.1 0.1 (2.2)
Income tax expense (benefit) $64.3 $(14.7)$90.4 

The effective tax rate for the year ended December 31, 2025 was 19.3%. The effective rate differed from the U.S. federal statutory rate due to variations in the jurisdictional mix of earnings, U.S. tax on foreign income, withholding taxes, and adjustments to valuation allowances and unrecognized tax benefits.

The effective tax rate for the year ended December 31, 2024 was 135.9%. The effective rate differed from the U.S. federal statutory rate due to variations in the geographical mix of earnings, non-deductible expenses, U.S. tax on foreign income, and withholding taxes.

The effective tax rate for the period from August 12, 2023 through December 31, 2023 was 326.7%. Significant differences from the U.S. federal statutory rate included non-deductible expenses, U.S. tax on foreign income, withholding taxes, and impact of the reorganization, all of which have a significant impact on the effective tax rate due to the minimal pre-tax income.

The effective tax rate for the period from January 1 to August 11, 2023 was 6.2%. The effective tax rate differed compared to the U.S. federal statutory rate due to the tax impacts of reorganization and fresh-start adjustments, including adjustments to the Company's valuation allowance and permanent differences.

The Company recognizes the benefit of tax positions taken or expected to be taken in its tax returns in the consolidated financial statements when it is more likely than not that the position will be sustained upon examination by authorities. Recognized tax positions are measured at the largest amount of benefit that is more likely than not of being realized upon settlement. Details of the unrecognized tax benefits are as follows:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Balance at beginning of the period$55.4 $52.6 $52.7 $52.1 
Increases (decreases) related to prior year tax positions, net(12.6)5.2 — 0.1 
Other2.0 (0.5)— 0.5 
Reductions due to lapse of applicable statute of limitations(0.4)(1.9)(0.1)— 
Balance the end of the period$44.4 $55.4 $52.6 $52.7 

Of the Company's $44.4 unrecognized tax benefits as of December 31, 2025, if recognized, $4.4 would affect the Company's effective tax rate. The remaining $40.0 relates to a prior year tax return position, which if recognized, would be offset by changes in valuation allowances and have no effect on the Company's effective tax rate.

The Company classifies interest expense and penalties related to the underpayment of income taxes in the consolidated financial statements as income tax expense. As of December 31, 2025 and 2024, accrued interest and penalties related to unrecognized tax benefits totaled $0.4 and $0.9, respectively.
Tax years prior to 2019, as well as 2021, are closed by statute for U.S. federal tax purposes. The Company is subject to tax examination in various U.S. state jurisdictions for tax years 2016 to the present. In addition, the Company is subject to a German tax audit for tax years 2021-2022, and other various foreign jurisdictions for tax years 2013 to the present.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities at December 31 are as follows:

20252024
Deferred tax assets
Accrued expenses$141.9 $139.3 
Warranty accrual9.4 6.5 
Deferred compensation3.7 2.0 
Allowances for doubtful accounts3.4 3.7 
Inventories21.6 17.0 
Deferred revenue24.8 26.7 
Pensions, post-retirement and other benefits46.8 45.5 
Capitalized R&D29.0 29.8 
Tax credits19.5 6.0 
Net operating loss carryforwards83.0 99.8 
Capital loss carryforwards1.3 1.3 
State deferred taxes6.8 7.0 
Lease liability35.6 30.6 
Other— 3.4 
426.8 418.6 
Valuation allowances(177.3)(213.4)
Net deferred tax assets$249.5 $205.2 
Deferred tax liabilities
Property, plant and equipment, net$21.4 $15.4 
Goodwill and intangible assets218.7 226.6 
Undistributed earnings48.6 38.0 
Right-of-use assets37.0 32.0 
Other18.8 0.5 
Net deferred tax liabilities344.5 312.5 
Net deferred tax liabilities$(95.0)$(107.3)

Deferred income taxes reported in the consolidated statement of financial position as of December 31 are as follows:
20252024
Deferred income taxes - assets1
$105.7 $69.5 
Deferred income taxes - liabilities(200.7)(176.8)
Net deferred tax liabilities$(95.0)$(107.3)
(1) Includes 0.7 of deferred income taxes for the year ended December 31, 2025, which is included in Other current assets in our Statement of Financial Position.

As of December 31, 2025, the Company had domestic and international net operating loss (NOL) carryforwards of $491.7, resulting in an NOL deferred tax asset of $93.6. Of these NOL carryforwards, $222.9 expire at various times between 2026 and 2046 and $268.8 does not expire.
The Company recorded a valuation allowance to reflect the estimated amount of certain U.S., foreign and state deferred tax assets that, more likely than not, will not be realized. The net change in total valuation allowance for the years ended the December 31, 2025 and 2024 were decreases of $36.1 and $20.2, respectively. The 2025 valuation allowance decrease was driven primarily by utilization of foreign net operating losses and certain valuation allowance releases. Of the total 2025 net decrease of $36.1, the Company recorded $40.9 decrease to tax benefit, approximately $4.8 increase was recorded to stockholder’s equity.
For the years ended December 31, 2025 and 2024, provisions were made for foreign withholding taxes and estimated foreign income taxes which may be incurred upon the remittance of certain undistributed earnings in foreign subsidiaries and foreign unconsolidated affiliates. Provisions have not been made for income taxes on undistributed earnings at December 31, 2025 in foreign subsidiaries and corporate joint ventures that were deemed permanently reinvested. Determination of the amount of unrecognized deferred income tax liabilities on these earnings is not practicable because such liability, if any, depends on certain circumstances existing if and when remittance occurs. A deferred tax liability will be recognized if and when the Company no longer plans to permanently reinvest these undistributed earnings.

The amount of cash taxes paid by the Company were as follows:
2025
U.S. federal$2.3 
U.S. state and local1.7
Foreign
Brazil10.0
Malaysia3.4
Netherlands4.2
South Africa4.3
Switzerland3.1
Thailand4.3
Other foreign23.9
Total income taxes paid$57.2 
v3.25.4
INVENTORIES
 12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES. Major classes of inventories at December 31 are summarized as follows:
20252024
Raw materials and work in process$173.3 $170.3 
Finished goods154.0 183.9 
Total product inventories327.3 354.2 
Service parts193.7 173.9 
Total inventories$521.0 $528.1 
v3.25.4
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES. Property, plant and equipment and long-lived assets are recorded at historical cost, including interest where applicable. Impairment of property, plant and equipment and long-lived assets is recognized when events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If the expected future undiscounted cash flows are less than the carrying amount of the asset, an impairment loss is recognized at that time to reduce the asset to the lower of its fair value or its net book value.
Original Cost
Estimated Useful Life
(years)		20252024
Land and land improvements
(1)
$19.3 $17.2 
Buildings and building improvements
15-30
52.4 47.3 
Machinery, tools and equipment
3-12
36.8 32.2 
Leasehold improvements (2)
10
10.5 3.5 
Computer equipment and software
3-10
34.6 18.4 
Furniture and fixtures
5-8
25.5 15.9 
Tooling
5
26.8 21.9 
Construction in progress19.7 13.5 
Less accumulated depreciation(81.0)(41.8)
Right-of use operating lease assets141.4 118.1 
Total property plant and equipment, net$286.0 $246.2 
(1)Estimated useful life for land and land improvements is perpetual and 15 years, respectively.
(2)The estimated useful life for leasehold improvements is the lesser of 10 years or the term of the lease.

Depreciation expense. Depreciation expense was $33.1, $29.5, $16.2 and $18.3 for the Successor Periods for the years ended December 31, 2025 and 2024 and from August 12, 2023 to December 31, 2023, and the Predecessor Period from January 1, 2023 to August 11, 2023, respectively.
Operating lease liabilities. Our current operating lease liabilities, included in Other current liabilities in our Statement of Financial Position, were $51.8 and $43.3 as of December 31, 2025 and 2024, respectively. Our non-current operating lease liabilities, included in Other liabilities in our Statement of Financial Position, were $91.9 and $76.3 as of December 31, 2025 and 2024, respectively.

SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Operating Lease Expense20252024
Operating lease expense$71.2 $64.6 $25.3 $41.9 
Variable lease expense$10.5 $11.9 $4.1 $5.2 

Maturity of Operating Lease Liabilities20262027202820292030ThereafterTotal
Undiscounted lease payments$60.5 $42.7 $28.8 $16.0 $4.4 $13.1 $165.5 
Less: present value discount(21.8)
Total lease liability as of December 31, 2025$143.7 
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Supplemental Information Related to Operating Leases20252024
Operating cash flows used for operating leases$70.6 $70.5 $30.1 $43.3 
Right-of-use assets obtained in exchange for new lease liabilities$50.5 $59.5 $6.7 $19.2 
Weighted-average remaining lease term4.12.84.8
Weighted-average discount rate7.46 %6.30 %8.30 %
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES. Property, plant and equipment and long-lived assets are recorded at historical cost, including interest where applicable. Impairment of property, plant and equipment and long-lived assets is recognized when events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If the expected future undiscounted cash flows are less than the carrying amount of the asset, an impairment loss is recognized at that time to reduce the asset to the lower of its fair value or its net book value.
Original Cost
Estimated Useful Life
(years)		20252024
Land and land improvements
(1)
$19.3 $17.2 
Buildings and building improvements
15-30
52.4 47.3 
Machinery, tools and equipment
3-12
36.8 32.2 
Leasehold improvements (2)
10
10.5 3.5 
Computer equipment and software
3-10
34.6 18.4 
Furniture and fixtures
5-8
25.5 15.9 
Tooling
5
26.8 21.9 
Construction in progress19.7 13.5 
Less accumulated depreciation(81.0)(41.8)
Right-of use operating lease assets141.4 118.1 
Total property plant and equipment, net$286.0 $246.2 
(1)Estimated useful life for land and land improvements is perpetual and 15 years, respectively.
(2)The estimated useful life for leasehold improvements is the lesser of 10 years or the term of the lease.

Depreciation expense. Depreciation expense was $33.1, $29.5, $16.2 and $18.3 for the Successor Periods for the years ended December 31, 2025 and 2024 and from August 12, 2023 to December 31, 2023, and the Predecessor Period from January 1, 2023 to August 11, 2023, respectively.
Operating lease liabilities. Our current operating lease liabilities, included in Other current liabilities in our Statement of Financial Position, were $51.8 and $43.3 as of December 31, 2025 and 2024, respectively. Our non-current operating lease liabilities, included in Other liabilities in our Statement of Financial Position, were $91.9 and $76.3 as of December 31, 2025 and 2024, respectively.

SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Operating Lease Expense20252024
Operating lease expense$71.2 $64.6 $25.3 $41.9 
Variable lease expense$10.5 $11.9 $4.1 $5.2 

Maturity of Operating Lease Liabilities20262027202820292030ThereafterTotal
Undiscounted lease payments$60.5 $42.7 $28.8 $16.0 $4.4 $13.1 $165.5 
Less: present value discount(21.8)
Total lease liability as of December 31, 2025$143.7 
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Supplemental Information Related to Operating Leases20252024
Operating cash flows used for operating leases$70.6 $70.5 $30.1 $43.3 
Right-of-use assets obtained in exchange for new lease liabilities$50.5 $59.5 $6.7 $19.2 
Weighted-average remaining lease term4.12.84.8
Weighted-average discount rate7.46 %6.30 %8.30 %
v3.25.4
GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS. The Company tests for impairment of all existing goodwill at least annually as of October 1, or more frequently, if necessary. If the Company's qualitative assessment indicates that it is more likely than not that the fair value of a reporting unit is less than its carrying value, a quantitative impairment test is used to identify potential goodwill impairment and measure the amount of any impairment loss to be recognized. The techniques used in the Company's assessments incorporate a number of assumptions and accounting estimates that the Company believes to be reasonable and to reflect market conditions at the assessment date. Changes in assumptions and estimates after the assessment date may lead to an outcome where impairment charges would be required in future periods. Specifically, actual results may vary from the Company’s forecasts and such variations may be material and unfavorable, thereby triggering the need for future impairment tests where the conclusions may differ in reflection of prevailing market conditions. We performed quantitative and qualitative assessments as of October 1, 2024 and 2025, respectively, and no impairment resulted for our Banking and Retail reporting units. As part of this analysis, we evaluated factors including, but not limited to, our market capitalization and stock price performance, macro-economic conditions, market and industry conditions, cost factors, the competitive environment, and the operational stability and overall financial performance of the reporting units. The assessment indicated that it was more likely than not that the fair value of the Banking and Retail reporting units exceeded their respective carrying values. In the fourth quarter of 2025, the Company concluded that no events or changes in circumstances resulted in a situation that would more likely than not reduce the carrying value of our Banking and Retail reporting units. The changes in the carrying amount of goodwill are as follows:
BankingRetailTotal
Goodwill balance at January 1, 2024$468.1 $144.2 $612.3 
Currency translation adjustment(19.7)(6.2)(25.9)
Balance at December 31, 2024$448.4 $138.0 $586.4 
Currency translation adjustment42.5 13.5 56.0 
Balance at December 31, 2025$490.9 $151.5 $642.4 
Intangible Assets. Where applicable, intangible assets are stated at cost and, if applicable, are amortized ratably over the relevant contract period or the estimated life of the assets. Fees to renew or extend the term of the Company’s intangible assets are expensed when incurred. The following summarizes information on intangible assets by major category:
December 31, 2025December 31, 2024
Weighted-average remaining useful livesGross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships15.2 years$584.7 $(79.5)$505.2 $523.8 $(41.1)$482.7 
Trademarks and trade names16.0 years123.3 (16.0)107.3 114.5 (8.5)106.0 
Capitalized software development2.0 years75.6 (18.3)57.3 46.9 (6.1)40.8 
Technology know-how, development costs non-software and other3.8 years240.8 (118.2)122.6 224.5 (75.4)149.1 
Customer relationships and other intangibles$1,024.4 $(232.0)$792.4 $909.7 $(131.1)$778.6 

Costs incurred for the development of external-use software that will be sold, leased or otherwise marketed are capitalized when technological feasibility has been established. These costs are included within other assets and are amortized on a straight-line basis over the estimated useful lives ranging from three to five years. Amortization begins when the product is available for general release. Costs capitalized include direct labor and related overhead costs. Costs incurred prior to technological feasibility or after general release are expensed as incurred. The Company performs periodic reviews to ensure that unamortized program costs remain recoverable from future revenue. If future revenue does not support the unamortized program costs, the amount by which the unamortized capitalized cost of a software product exceeds the net realizable value is impaired. The following table identifies the activity relating to total capitalized software development:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Beginning balance$40.8 $20.9 $13.8 $42.5 
Capitalization27.3 23.0 9.8 13.1 
Amortization(11.3)(3.5)(1.8)(12.4)
Other0.5 0.4 (0.9)(6.1)
Fresh Start Accounting Adjustments— — — (23.3)
Ending balance$57.3 $40.8 $20.9 $13.8 

The Company's total amortization expense, excluding deferred financing costs, was $94.4, $103.7, $42.8 and $59.0 for the Successor Periods for the years ended December 31, 2025 and 2024 and from August 12, 2023 to December 31, 2023, and the Predecessor Period from January 1, 2023 to August 11, 2023, respectively. The expected annual amortization expense is as follows:
20262027202820292030ThereafterTotal
Estimated amortization$89.2 $89.2 $89.2 $77.3 $41.2 $406.3 $792.4 
v3.25.4
PRODUCT WARRANTIES
 12 Months Ended
Dec. 31, 2025
Guarantees and Product Warranties [Abstract]  
PRODUCT WARRANTIES PRODUCT WARRANTIES. The Company provides its customers a standard manufacturer’s warranty and records, at the time of the sale, a corresponding estimated liability for potential warranty costs. Estimated future obligations due to warranty claims are based upon historical factors such as labor rates, average repair time, travel time, number of service calls per machine and cost of replacement parts. Changes in the Company’s warranty liability balance are illustrated in the following table:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Beginning balance$22.5 $28.0 $26.6 $28.3 
Accruals7.2 40.1 16.3 18.8 
Settlements(10.1)(43.7)(14.6)(21.9)
Currency translation0.5 (1.9)(0.3)1.4 
Ending balance$20.1 $22.5 $28.0 $26.6 
v3.25.4
RESTRUCTURING
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING. In the fourth quarter of 2025, the Company initiated its Operational Evolution Program (OEP). The OEP is meant to improve efficiency and streamline the organization structure of the Company. The total amount expected to be incurred in relation to the OEP is $80, which includes $25 and $13 related to our Banking and Retail segments, respectively. The most significant expense primarily relates to headcount reduction. Total restructuring charges related to the OEP for the year ended December 31, 2025 were $26.9, which included $10.0 and $2.9 in our Banking and Retail segments, respectively.
Completed Plans. In the fourth quarter of 2023, the Company completed the 2022 initiative that was announced in the second quarter of 2022. The focus was to streamline operations, drive efficiencies and digitize processes. The most significant expense of the initiative primarily relates to headcount reduction. Also during the fourth quarter of 2023, the Company introduced its continuous improvement initiative, noting that the Company is focused on consistently innovating its solutions to support a better transaction experience for consumers at bank and retail locations while simultaneously streamlining cost structures and business processes through the integration of hardware, software and services. The Company completed this program in the fourth quarter of 2025. The most significant expense for the years ended December 31, 2025 and 2024 primarily relates to headcount reduction and redefining the organization structure in relation to the improvement process. Total restructuring charges related to the continuous improvement initiative for the year ended December 31, 2025 was $67.4, which included $15.4 and $13.9 in our Banking and Retail segments, respectively. The following table summarizes the impact of the Company’s restructuring charges on consolidated statements of operations:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Cost of sales – services$33.8 $24.6 $(1.4)$5.3 
Cost of sales – products8.4 3.2 (1.5)0.8 
Selling and administrative expense47.5 72.0 25.4 29.4 
Research, development and engineering expense2.9 4.6 0.1 1.5 
Impairment of assets and other1.7 1.7 — 1.9 
Total$94.3 $106.1 $22.6 $38.9 
The following table summarizes the Company’s restructuring severance accrual balance and related activity:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Beginning balance$15.9 $10.3 $14.4 $44.2 
Liabilities incurred69.332.85.36.8
Liabilities paid/settled(44.5)(26.9)(9.4)(37.0)
Other0.7(0.3)—0.4
Ending balance$41.4 $15.9 $10.3 $14.4 
v3.25.4
DEBT
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
DEBT DEBT. Outstanding debt balances were as follows:
December 31, 2025December 31, 2024
2030 Senior Secured Notes950.0 950.0 
Other20.7 15.8 
Long-term debt$970.7 $965.8 
Long-term deferred financing fees(32.2)(38.5)
Total outstanding debt$938.5 $927.3 

2024 Refinancing Activities.

Senior Secured Notes Due 2030 (2030 Senior Secured Notes). On December 18, 2024, the Company issued $950.0 in aggregate principal amount of 7.75% Senior Secured Notes due 2030 to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933. The 2030 Senior Secured Notes were issued at par.

The 2030 Senior Secured Notes were issued pursuant to an indenture, dated as of December 18, 2024 (Indenture), among the Company, as issuer, the subsidiaries of the Company named therein as guarantors, and Regions Bank, as trustee and notes collateral agent.

The 2030 Senior Secured Notes are the senior secured obligations of the Company and are guaranteed, on a senior secured basis, jointly and severally, by (i) as of the issue date of the 2030 Senior Secured Notes, each of the Company’s subsidiaries that is a borrower under or
guarantees the obligations under the Revolving Credit Facility (as defined below) and (ii) following the issue date of the 2030 Senior Secured Notes, any of the Company’s existing or future wholly owned domestic subsidiaries (other than certain excluded subsidiaries) that is a borrower under or guarantees the obligations under the Revolving Credit Facility or incurs or guarantees certain capital markets indebtedness (Guarantors). Additionally, the 2030 Senior Secured Notes and the related guarantees are secured by first-priority liens on substantially all of the tangible and intangible assets of the Company and the Guarantors, in each case subject to certain exclusions and permitted liens, which collateral also secures, on a pari passu basis, the Revolving Credit Facility.

The 2030 Senior Secured Notes bear interest at the rate of 7.75% per annum, which accrues from December 18, 2024 and is payable in arrears on March 31 and September 30 of each year, commencing on March 31, 2025. The 2030 Senior Secured Notes mature on March 31, 2030, unless earlier redeemed or repurchased, and are subject to the terms and conditions set forth in the Indenture.

The Company may redeem some or all of the 2030 Senior Secured Notes at the redemption prices and term specified in the Indenture. If the Company or any of its restricted subsidiaries sells certain of its assets or if the Company experiences specific kinds of changes of control and a ratings event, then the Company must offer to repurchase the 2030 Senior Secured Notes on the terms set forth in the Indenture.

The Indenture contains certain customary covenants that, among other things, limit the Company’s and its restricted subsidiaries’ ability to incur indebtedness, pay dividends, repurchase or redeem capital stock or make other restricted payments, make certain investments, incur liens, sell assets, enter into restrictions affecting the ability of restricted subsidiaries that are non-Guarantors to make distributions, loans or advances or transfer assets to the Company or the Guarantors, enter into transactions with their affiliates, designate restricted subsidiaries as unrestricted subsidiaries, merge or consolidate with other persons or transfer all or substantially all of their assets.

Revolving Credit Agreement. On December 18, 2024, the Company entered into a new credit agreement (Credit Agreement), with certain financial institutions as lenders and Goldman Sachs Bank USA as administrative agent and collateral agent, providing for, among other things, a new $310.0 revolving credit facility maturing on December 18, 2029 (the Revolving Credit Facility). Loans under the Revolving Credit Facility bear interest at an adjusted secured overnight financing rate plus a margin of 2.75% to 3.50% per annum or an adjusted base rate plus a margin of 1.75% to 2.50% per annum, in each case based on the consolidated first lien debt ratio of the Company and its restricted subsidiaries. The Company may repay the loans under the Revolving Credit Facility at any time. Amounts borrowed and repaid under the Revolving Credit Facility may be reborrowed. As of December 31, 2025 and 2024, no amounts were outstanding on the Revolving Credit Facility. The obligations of the Company under the Revolving Credit Facility are guaranteed by the Guarantors. The Revolving Credit Facility and related guarantees are secured by first-priority liens on substantially all of the tangible and intangible assets of the Company and the Guarantors, in each case subject to certain exclusions and permitted liens, which collateral also secures, on a pari passu basis, the 2030 Senior Secured Notes. The Revolving Credit Facility includes conditions precedent, representations and warranties, affirmative and negative covenants and events of default that are customary for financings of this type and size.

December 2024 Refinancing. On December 18, 2024, the Company borrowed $70.0 under the Revolving Credit Facility. Proceeds from borrowings under the Revolving Credit Facility, along with proceeds from the issuance of the 2030 Senior Secured Notes and cash on hand were used to (i) to repurchase all of the term loans under the senior secured term loan facility that we entered into in connection with our emergence from bankruptcy in August 2023 (Exit Facility), (ii) repay all of the borrowings outstanding under the prior revolving credit facility, and (iii) pay all related premiums, fees, and expenses (collectively, the December 2024 Refinancing).

The December 2024 Refinancing was accounted for as a partial modification, partial extinguishment and new debt issuance at the syndicated lender level. The Company has accounted for $136.6 of the loan principal under the Exit Facility as an extinguishment of debt and $478.8 of the loan principal under the 2030 Senior Secured Notes as issuance of new debt. The remaining loan principal on the Exit Facility was treated as a loan modification. As a result, the Company recorded a loss on the extinguishment of debt in the amount of $7.1. This amount is comprised of the write-off of prior unamortized costs related to the prior revolving credit facility, third-party costs expensed for modified lenders, and penalty fees and lender fees for extinguished lenders of the Exit Facility.

In connection with the December 2024 Refinancing, the Company capitalized $32.2 of lender and third-party costs related to the 2030 Senior Secured Notes, including $0.7 of prior unamortized costs related to the Exit Facility.

The Company incurred $3.9 in lender and third-party fees related to the Revolving Credit Facility. Based on the results of the revolver capacity test, the Company capitalized $3.6 of these issuance costs and continued to defer $2.9 of prior unamortized costs from the Prior Revolving Credit Facility.

Below is a summary of financing facilities information:
Interest Rate
Index and Margin		Maturity/Termination DatesInitial Term (Years)
2030 Senior Secured Notes7.75%March 20305.25
Revolving Credit Facility(i)
SOFR + 2.75%-3.50%
December 20295.00
(i)SOFR with a floor of 0.0%

The Company had various international, short-term lines of credit with borrowing limits aggregating to $8.5 and $16.8 as of December 31, 2025 and 2024, respectively. There were no outstanding borrowings under the short-term lines of credit as of December 31, 2025 and 2024. Short-term lines mature in less than one year and are used to support working capital.
Interest expense on the Company’s debt instruments was $76.8, $141.3, $64.7 and $148.7 for the Successor Periods for the years ended December 31, 2025 and 2024 and from August 12, 2023 to December 31, 2023, and the Predecessor Period from January 1, 2023 to August 11, 2023, respectively.
v3.25.4
SHAREHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY. The following table summarizes the changes in the Company’s AOCI, net of tax, by component:
Accumulated Other Comprehensive Income (Loss)Years ended December 31,
20252024
Beginning balance$(111.6)$14.2 
Other comprehensive income before reclassifications(1)
186.1 (125.8)
Currency translation adjustments AOCI$74.5 $(111.6)
Beginning balance$(0.1)$(0.1)
Other comprehensive loss before reclassifications(5.9)— 
Foreign currency hedges AOCI$(6.0)$(0.1)
Beginning balance$(0.1)$— 
Other comprehensive loss before reclassifications— (0.1)
Interest rate hedges AOCI$(0.1)$(0.1)
Beginning balance$(5.7)$(6.1)
Other comprehensive income (loss) before reclassifications0.7 (0.1)
Amounts reclassified from AOCI(2)
15.1 0.5 
Pension and other post-retirement benefits$10.1 $(5.7)
Beginning balance$(0.4)$(0.4)
Other comprehensive loss before reclassifications(0.3)— 
Other$(0.7)$(0.4)
AOCI$77.8 $(117.9)
(1)    Other comprehensive income (loss) before reclassifications within the translation component excludes $(0.8) and $0.3 of translation attributable to noncontrolling interests for the years ended December 31, 2025 and 2024, respectively.

The following table summarizes the details about amounts reclassified from AOCI:
Year ended December 31,
20252024
Pension and post-retirement benefits(1):
Net prior service benefit amortization (net of tax of $0.1 and $(0.7) , respectively)
0.7 0.2 
Net actuarial gains (losses) recognized during the year (net of tax of $(2.6) and $2.5, respectively)
18.0 (0.9)
Net actuarial gains (losses) recognized due to settlement (net of tax of $0.5 and $3.2, respectively)
(3.6)1.2 
Total reclassifications for the period$15.1 $0.5 
(1)    Pension and other post-retirement benefits AOCI components are included in the computation of net periodic benefit cost in the Statement of Earnings (loss) (refer to Note 13).

Common stock. The Company's authorized common stock includes 45,000,000 shares, with a par value of $0.01 per share. As of December 31, 2025, 37,726,003 shares were issued and 35,384,690 shares were outstanding. As of December 31, 2024, 37,576,678 shares were issued and 37,576,678 shares were outstanding. We repurchased 2,341,313 shares for a total of $130.7 during the year ended December 31, 2025. There were no shares repurchased during the year ended December 31, 2024. The Company's share repurchase program does not obligate it to acquire any specific number of shares. Under this program shares may be purchased in the open market or otherwise, including under accelerated share repurchase programs or under plans complying with Rule 10b5-1 under the Exchange Act.
v3.25.4
BENEFIT PLANS
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
BENEFIT PLANS BENEFIT PLANS. Qualified Retirement Benefits. The Company has a qualified retirement plan covering certain U.S. employees that has been closed to new participants since 2003 and frozen since December 2013. The Company has a number of non-U.S. defined benefit plans covering eligible employees located predominately in Europe, the most significant of which are German plans. Benefits for these plans are based primarily on each employee's salary. The obligations in Germany consist of employer funded pension plans and deferred compensation plans. With the employer funded pension plans each beneficiary receives, depending on individual pay-scale grouping, contractual classification, or income level, different yearly contributions. The contribution is multiplied by an age factor appropriate to the respective pension plan and credited to the individual retirement account of the employee. The retirement accounts may be used up at retirement by a one-time lump-sum payout. The Company has other defined benefit plans outside the United States, which have not been mentioned here due to materiality.
Supplemental Executive Retirement Benefits. The Company has non-qualified pension plans in the United States to provide supplemental retirement benefits to certain officers, which have also been frozen since December 2013. Benefits are payable at retirement based upon a percentage of the participant’s compensation, as defined.

Other Benefits. In addition to providing retirement benefits, the Company provides post-retirement healthcare and life insurance benefits (referred to as other benefits) for certain retired employees. Retired eligible employees in the United States may be entitled to these benefits based upon years of service with the Company, age at retirement and collective bargaining agreements. There are no plan assets and the Company funds the benefits as the claims are paid. The post-retirement benefit obligation was determined by application of the terms of medical and life insurance plans together with relevant actuarial assumptions and healthcare cost trend rates. The following tables set forth the change in benefit obligation, change in plan assets, funded status, consolidated statement of financial position presentation and net periodic benefit cost for the Company’s defined benefit pension plans and other benefits at and for the years ended December 31:
Retirement BenefitsOther Benefits
U.S. PlansNon-U.S. Plans
Change in benefit obligation202520242025202420252024
Benefit obligation at beginning of period$297.1 $362.3 $300.0 $326.1 $3.2 $4.0 
Service cost— — 7.2 6.7 — — 
Interest cost16.4 19.1 9.4 10.3 0.2 0.3 
Actuarial loss (gain)2.3 5.4 (10.2)6.6 0.6 (0.2)
Plan participant contributions— — 1.3 1.2 — — 
Benefits paid(21.8)(21.0)(6.2)(6.8)(0.5)(0.6)
Plan amendments— — (0.8)(0.9)— — 
Special termination benefits— — — 0.5 — — 
Settlements— (68.7)(19.4)(23.5)— — 
Foreign currency impact— — 37.1 (20.2)0.1 (0.3)
Benefit obligation at end of period294.0 297.1 318.4 300.0 3.6 3.2 
Change in plan assets
Fair value of plan assets at beginning of period216.1 301.9 348.5 348.6 — — 
Actual return on plan assets22.6 0.9 19.3 39.1 — — 
Employer contributions2.9 3.0 (0.8)11.3 0.5 0.6 
Plan participant contributions— — 1.3 1.2 — — 
Benefits paid(21.8)(21.0)(6.2)(6.8)(0.5)(0.6)
Foreign currency impact— — 44.7 (21.4)— — 
Settlements— (68.7)(19.4)(23.5)— — 
Fair value of plan assets at end of period219.8 216.1 387.4 348.5 — — 
Funded status$(74.2)$(81.0)$69.0 $48.5 $(3.6)$(3.2)
Net amount recognized in Consolidated Statement of Financial PositionRetirement BenefitsOther Benefits
U.S. PlansNon-U.S. Plans
202520242025202420252024
Noncurrent assets$0.2 $0.1 $114.6 $91.5 $— $— 
Current liabilities3.3 3.2 3.9 3.1 0.5 0.4 
Noncurrent liabilities (1)
71.1 77.9 41.7 39.9 3.1 2.8 
Accumulated other comprehensive income (loss):
Unrecognized net actuarial gain (loss) (2)
(13.1)(19.8)22.5 11.5 (0.8)(0.2)
Unrecognized prior service (cost) benefit (2)
— — 2.3 1.4 — — 
Net amount recognized$61.1 $61.2 $(44.2)$(35.6)$2.8 $3.0 
(1)    Included in the consolidated statement of financial position in pensions, post-retirement and other benefits.
(2)    Represents amounts in accumulated other comprehensive income (loss) that have not yet been recognized as components of net periodic benefit cost.
Net amount recognized in accumulated other comprehensive income (loss)Retirement BenefitsOther Benefits
U.S. PlansNon-U.S. Plans
202520242025202420252024
Balance at beginning of period$(19.8)$(2.1)$12.9 $(6.0)$(0.2)$(0.5)
Prior service credit/loss recognized during the year— — 0.8 0.9 — — 
Net actuarial gains (losses) recognized during the period6.7 (22.7)14.5 19.1 (0.6)0.2 
Net actuarial gains (losses) recognized due to settlement— 5.0 (4.1)(0.6)— — 
Foreign currency impact— — 0.7 (0.5)— 0.1 
Balance at end of period$(13.1)$(19.8)$24.8 $12.9 $(0.8)$(0.2)

Components of net periodic benefit costSuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Interest cost$16.4 $19.1 $7.6 $11.9 
Expected return on plan assets(13.6)(18.1)(6.0)(11.0)
Recognized net actuarial (gain) loss— — — 0.4 
Settlement loss (gain)— 5.0 — — 
Net periodic benefit cost - U.S. Plans$2.8 $6.0 $1.6 $1.3 
Service cost$7.2 $6.7 $2.7 $3.9 
Interest cost9.4 10.3 4.3 7.2 
Expected return on plan assets(14.7)(13.4)(5.2)(8.4)
Amortization of prior service cost(0.2)(0.1)— (0.5)
Recognized net actuarial loss (gain)(3.9)— — (2.2)
Curtailment loss— — — (0.1)
Settlement loss (gain)(0.3)(0.6)0.1 (2.1)
Special termination benefits0.1 0.5 — — 
Net periodic benefit cost - non-U.S. Plans$(2.4)$3.4 $1.9 $(2.2)
Interest cost$0.2 $0.3 $0.1 $0.2 
Recognized net actuarial loss (gain)— — — (0.3)
Net periodic benefit cost - other benefits$0.2 $0.3 $0.1 $(0.1)


The following table represents information for pension plans with an accumulated benefit obligation in excess of plan assets at December 31:
U.S. PlansNon-U.S. Plans
2025202420252024
Projected benefit obligation$292.9 $296.1 $185.9 $200.2 
Accumulated benefit obligation$292.9 $296.1 $172.8 $186.3 
Fair value of plan assets$218.5 $215.0 $40.8 $62.6 

Assumptions used in calculations. Annual net periodic expense and benefit liabilities under the Company’s defined benefit plans are determined on an actuarial basis. Assumptions used in the actuarial calculations have a significant impact on plan obligations and expense. The Company periodically reviews the actual experience compared with the more significant assumptions used and make adjustments to the assumptions, if warranted. We believe these assumptions are appropriate; however, actual results differing from these assumptions could have a material impact on our financial condition. The discount rate is determined by analyzing the average return of high-quality (i.e., AA-rated), fixed-income investments and the year-over-year comparison of certain widely used benchmark indices as of the measurement date. The expected long-term rate of return on plan assets is determined using the plans’ current asset allocation and their expected long term rates of return. The Company also considers information provided by its investment consultant, a survey of other companies using a December 31 measurement date and the Company’s historical asset performance in determining the expected long-term rate of return. The rate of compensation increase assumptions reflects the Company’s long-term actual experience and future and near-term outlook. Pension
benefits are funded through deposits with trustees. Other post-retirement benefits are not funded and the Company’s policy is to pay these benefits as they become due.

The Company recognizes the funded status of each of its plans in the consolidated statement of financial position. Amortization of unrecognized net gain or loss resulting from experience different from that assumed and from changes in assumptions (excluding asset gains and losses not yet reflected in market-related value) is included as a component of net periodic benefit cost for a year if, as of the beginning of the year, that unrecognized net gain or loss exceeds five percent of the greater of the projected benefit obligation or the market-related value of plan assets. If amortization is required, the amortization is that excess divided by the average remaining service period of participating employees expected to receive benefits under the plan.

The Company records a curtailment when an event occurs that significantly reduces the expected years of future service or eliminates the accrual of defined benefits for the future services of a significant number of employees. A curtailment gain is recorded when the employees who are entitled to the benefits terminate their employment; a curtailment loss is recorded when it becomes probable a loss will occur. Upon a settlement, the Company recognizes the proportionate amount of the unamortized gains and losses if the cost of all settlements during the year exceeds the interest component of net periodic cost for the affected plan.

During 2021, the Society of Actuaries released new mortality tables (Pri-2012) and projection scales resulting from recent studies measuring mortality rates for various groups of individuals. As of December 31, 2025, the Company used the Pri-2012 mortality tables and the MP-2021 mortality projection scales. The Pri-2012 mortality tables were also used in 2024.

The following table represents the weighted-average assumptions used to determine benefit obligations:
Retirement BenefitsOther Benefits
U.S. PlansNon-U.S. Plans
202520242025202420252024
Pension Benefits - U.S. Plans
Discount rate5.58%5.73%4.91%4.47%8.02%7.28%
Rate of compensation increaseN/AN/A4.45%4.17%N/AN/A
The following table represents the weighted-average assumptions used to determine periodic benefit cost:
Retirement BenefitsOther Benefits
U.S. PlansNon-U.S. Plans
202520242025202420252024
Pension Benefits - U.S. Plans
Discount rate5.73%5.52%4.47%4.87%7.28%6.97%
Expected long-term return on plan assets6.60%6.30%3.58%3.60%N/AN/A
Rate of compensation increaseN/AN/A4.17%4.25%N/AN/A
The following table represents assumed healthcare cost trend rates:
20252024
Healthcare cost trend rate assumed for next year6.4%6.6%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)4.3%4.2%
Year that rate reaches ultimate trend rate20472047

The healthcare trend rates for the post-employment benefits plans in the United States are reviewed based upon the results of actual claims experience. The Company used initial healthcare cost trends of 6.4% and 6.6% in the year ended December 31, 2025 and 2024, respectively, with an ultimate trend rate of 4.3% reached in 2047. Assumed healthcare cost trend rates have a modest effect on the amounts reported for the healthcare plans.

Composition of plan assets. The Company has a pension investment policy in the United States designed to achieve an adequate funded status based on expected benefit payouts and to establish an asset allocation that will meet or exceed the return assumption while maintaining a prudent level of risk. The plan's target asset allocation adjusts based on the plan's funded status. As the funded status improves, the debt security target allocation will increase. The Company utilizes the services of an outside consultant in performing asset / liability modeling, setting appropriate asset allocation targets along with selecting and monitoring professional investment managers.

The U.S. plan assets are invested in equity and fixed income securities, alternative assets and cash. Within the equities asset class, the investment policy provides for investments in a broad range of publicly-traded securities including both domestic and international stocks diversified by value, growth and cap size. Within the fixed income asset class, the investment policy provides for investments in a broad range of publicly-traded debt securities with a substantial portion allocated to a long duration strategy in order to partially offset interest rate risk relative to the plans’ liabilities. The alternative asset class includes investments in diversified strategies with a stable and proven track record and low correlation to the United States stock market. Several plans outside of the U.S. are also invested in various assets, under various investment policies in compliance with local funding regulations.
The following table summarizes the Company’s target allocation for these asset classes in 2026, which are readjusted at least quarterly within a defined range for the United States, and the Company’s actual pension plan asset allocation as of December 31, 2025 and 2024:
U.S. PlansNon-U.S. Plans
TargetActualTargetActual
202620252024202620252024
Equity securities41%40%40%54%54%50%
Debt securities50%48%47%24%24%29%
Real estate4%5%6%5%5%7%
Other5%7%7%17%17%14%
Total100%100%100%100%100%100%

The following table summarizes the fair value categorized into a three level hierarchy, based upon the assumptions (inputs) of the Company’s plan assets as of December 31, 2025:
U.S. PlansNon-U.S. Plans
Fair ValueLevel 1Level 2NAVFair ValueLevel 1Level 2NAV
Cash and short-term investments$1.7 $1.7 $— $— $17.2 $16.3 $— $0.9 
Mutual funds1.2 1.2 — — — — — — 
Equity securities
International developed markets— — — — 207.6 207.6 — — 
Fixed income securities
International corporate bonds— — — — 60.9 60.9 — — 
Fixed and index funds— — — — 34.0 25.8 — 8.2 
Common collective trusts
Real estate (a)10.0 — — 10.0 17.5 — 11.8 5.7 
Other (b)189.3 — — 189.3 16.5 — — 16.5 
Alternative investments
Private equity funds (c)17.6 — — 17.6 — — — — 
Other alternative investments (d)— — — — 33.7 0.1 — 33.6 
Fair value of plan assets at end of year$219.8 $2.9 $— $216.9 $387.4 $310.7 $11.8 $64.9 

The following table summarizes the fair value of the Company’s plan assets as of December 31, 2024:
U.S. PlansNon-U.S. Plans
Fair ValueLevel 1Level 2NAVFair ValueLevel 1Level 2NAV
Cash and short-term investments$2.0 $2.0 $— $— $10.6 $9.8 $— $0.8 
Mutual funds1.0 1.0 — — — — — — 
Equity securities
International developed markets— — — — 173.7 173.7 — — 
Fixed income securities
International corporate bonds— — — — 54.1 54.1 — — 
Fixed and index funds— — — — 46.8 46.8 — — 
Common collective trusts
Real estate (a)12.8 — — 12.8 25.8 — 11.9 13.9 
Other (b)184.8 — — 184.8 12.5 — — 12.5 
Alternative investments
Private equity funds (c)15.5 — — 15.5 — — — — 
Other alternative investments (d)— — — — 25.0 0.2 — 24.8 
Fair value of plan assets at end of year$216.1 $3.0 $— $213.1 $348.5 $284.6 $11.9 $52.0 
In 2025 and 2024, the fair value of investments categorized as level 3 represent the plan's interest in private equity, hedge and property funds. The fair value for these assets is determined based on the NAV as reported by the underlying investment managers.

(a) Real estate common collective trust. The objective of the real estate common collective trust (CCT) is to achieve long-term returns through investments in a broadly diversified portfolio of improved properties with stabilized occupancies. As of December 31, 2025, investments in this CCT, for U.S. plans, included approximately 20% office, 28% residential, 10% retail and 42% industrial, cash and other. As of December 31, 2024, investments in this CCT, for U.S. plans, included approximately 16% office, 28% residential, 10% retail and 46% industrial, cash and other. Investments in the real estate CCT can be redeemed once per quarter subject to available cash, with a 30-day notice.

(b) Other common collective trusts. At December 31, 2025, approximately 55% of the other CCTs are invested in fixed income securities including 59% in corporate bonds and 41% in U.S. Treasury and other. Approximately 21% of the other CCTs at December 31, 2025 are invested in Russell 1000 Fund large cap index funds, 12% in International Funds, and approximately 12% in funds, including emerging markets, real assets, and other funds. At December 31, 2024, approximately 55% of the other CCTs are invested in fixed-income securities, including approximately 59% in corporate bonds and 41% in U.S. Treasury and other. Approximately 19% of the other CCTs at December 31, 2024 are invested in Russell 1000 Fund large cap index funds, 14% in International Funds, and approximately 12% in funds, including emerging markets, real assets, and other funds. Investments in all common collective trust securities can be redeemed daily.

(c)    Private equity funds. The objective of the private equity funds is to achieve long-term returns through investments in a diversified portfolio of private equity limited partnerships that offer a variety of investment strategies, targeting low volatility and low correlation to traditional asset classes. As of December 31, 2025 and 2024, investments in these private equity funds include approximately 45% and 38%, respectively, in buyout private equity funds that usually invest in mature companies with established business plans, approximately 25% and 32%, respectively, in special situations private equity and debt funds that focus on niche investment strategies and approximately 30% and 30% respectively, in venture private equity funds that invest in early development or expansion of business. Investments in the private equity fund can be redeemed only with written consent from the general partner, which may or may not be granted. At December 31, 2025 and 2024 the Company had unfunded commitments of underlying funds $1.6 and $1.6, respectively.

(d) Other alternative investments. The Company’s plan assets include a combination of insurance contracts, multi-strategy investment funds and company-owned real estate. The fair value for these assets is determined based on the NAV as reported by the underlying investment manager, insurance companies and the trustees of the contractual trust arrangement.

The Company contributed $2.6 to its retirement and other benefit plans, including contributions to the nonqualified plan and benefits paid from company assets. In 2025, the Company received a reimbursement of $23.2 from the CTA assets to the Company for benefits paid directly from company assets during the year ended December 31, 2025. The Company expects to contribute approximately $0.5 to its other post-retirement benefit plan and expects to contribute approximately $51.3 to its retirement plans, including the nonqualified plan, as well as benefits payments directly from the Company during the year ending December 31, 2026. The Company anticipates reimbursement of approximately $18 for certain benefits paid by its trustee in 2025. The following benefit payments, which reflect expected future service, are expected to be paid:
U.S. Pension BenefitsNon-U.S. Pension BenefitsOther Benefits Other Benefits
after Medicare
Part D Subsidy
2026$23.5 $43.9 $0.5 $0.5 
2027$23.8 $23.5 $0.5 $0.5 
2028$23.8 $23.7 $0.4 $0.4 
2029$23.7 $23.5 $0.4 $0.4 
2030$23.6 $22.1 $0.4 $0.7 
2031-2035$113.2 $103.5 $1.7 $1.7 
Retirement Savings Plan. The Company offers employee 401(k) savings plans to encourage eligible employees to save on a regular basis by payroll deductions. The Company match is determined by the Board of Directors and evaluated at least annually. Total Company match was $7.2, $6.7, $2.4 and $4.0 for the Successor Periods for the years ended December 31, 2025 and 2024 and from August 12, 2023 to December 31, 2023, and the Predecessor Period from January 1, 2023 to August 11, 2023, respectively. The Company's basic match is 50% on the first 6% of a participant's qualified contributions, subject to IRS limits.
v3.25.4
FINANCE LEASES
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
FINANCE LEASES FINANCE LEASES. Under certain circumstances, the Company provides financing arrangements to customers that are largely classified and accounted for as sales-type leases. The Company records interest income and any fees or costs related to financing receivables using the effective interest method over the term of the lease. Future minimum payments due from customers under finance lease receivables as of December 31, 2025 are as follows:
Future minimum payments receivable20262027202820292030ThereafterTotal
Lease receivables$4.9 $3.7 $3.4 $3.3 $2.7 $4.6 $22.6 
Components of finance lease receivables20252024
Gross minimum lease receivable$22.6 $18.4 
Allowance for credit losses(0.2)(0.1)
Less: Unearned interest income(1.5)(0.7)
Total$20.9 $17.6 

The Company's combined allowance for finance receivables and notes receivables was minimal for the years ended December 31, 2025 and 2024, respectively. As of December 31, 2025, finance leases and notes receivables individually evaluated for impairment were $21.1 and $0.5, respectively, with no provision recorded. As of December 31, 2024, finance leases and notes receivables individually evaluated for impairment were $17.8 and $0.4, respectively, with no provision recorded. There were no significant finance receivables sold in the Successor periods for the years ended December 31, 2025 and 2024 and the period from August 12, 2023 to December 31, 2023, and the Predecessor period from January 1, 2023 to August 11, 2023.

Finance leases as lessee. Our finance ROU assets, included in Other assets in our Statement of Financial Position were $25.4 and $19.7 as of December 31, 2025 and 2024, respectively. Our current finance lease liabilities included in Other current liabilities in our Statement of Financial Position, were $6.1 and $4.5 as of December 31, 2025 and 2024, respectively. Our non-current finance lease liabilities, included in Long-term debt in our Statement of Financial Position, were $20.7 and $15.8 as of December 31, 2025 and 2024, respectively.

SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Finance Lease Expense20252024
Amortization of ROU finance lease assets$6.4 $6.8 $1.9 $2.4 
Interest on lease liabilities$1.6 $1.6 $0.2 $0.5 

Maturity of Finance Lease Liabilities20262027202820292030ThereafterTotal
Undiscounted lease payments$7.9 $6.6 $4.9 $3.1 $2.2 $10.1 $34.8 
Less: present value discount(8.0)
Total lease liability as of December 31, 2025$26.8 

SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Supplemental Information Related to Finance Leases20252024
Operating cash flows used for finance leases$1.7 $1.6 $0.2 $0.5 
Finance cash flows used for finance leases$6.0 $6.2 $2.2 $2.5 
Right-of-use assets obtained in exchange for new finance lease liabilities$11.9 $5.3 $0.6 $0.6 
Weighted-average remaining lease term7.15.12.5
Weighted-average discount rate7.5 %7.7 %6.6 %
FINANCE LEASES FINANCE LEASES. Under certain circumstances, the Company provides financing arrangements to customers that are largely classified and accounted for as sales-type leases. The Company records interest income and any fees or costs related to financing receivables using the effective interest method over the term of the lease. Future minimum payments due from customers under finance lease receivables as of December 31, 2025 are as follows:
Future minimum payments receivable20262027202820292030ThereafterTotal
Lease receivables$4.9 $3.7 $3.4 $3.3 $2.7 $4.6 $22.6 
Components of finance lease receivables20252024
Gross minimum lease receivable$22.6 $18.4 
Allowance for credit losses(0.2)(0.1)
Less: Unearned interest income(1.5)(0.7)
Total$20.9 $17.6 

The Company's combined allowance for finance receivables and notes receivables was minimal for the years ended December 31, 2025 and 2024, respectively. As of December 31, 2025, finance leases and notes receivables individually evaluated for impairment were $21.1 and $0.5, respectively, with no provision recorded. As of December 31, 2024, finance leases and notes receivables individually evaluated for impairment were $17.8 and $0.4, respectively, with no provision recorded. There were no significant finance receivables sold in the Successor periods for the years ended December 31, 2025 and 2024 and the period from August 12, 2023 to December 31, 2023, and the Predecessor period from January 1, 2023 to August 11, 2023.

Finance leases as lessee. Our finance ROU assets, included in Other assets in our Statement of Financial Position were $25.4 and $19.7 as of December 31, 2025 and 2024, respectively. Our current finance lease liabilities included in Other current liabilities in our Statement of Financial Position, were $6.1 and $4.5 as of December 31, 2025 and 2024, respectively. Our non-current finance lease liabilities, included in Long-term debt in our Statement of Financial Position, were $20.7 and $15.8 as of December 31, 2025 and 2024, respectively.

SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Finance Lease Expense20252024
Amortization of ROU finance lease assets$6.4 $6.8 $1.9 $2.4 
Interest on lease liabilities$1.6 $1.6 $0.2 $0.5 

Maturity of Finance Lease Liabilities20262027202820292030ThereafterTotal
Undiscounted lease payments$7.9 $6.6 $4.9 $3.1 $2.2 $10.1 $34.8 
Less: present value discount(8.0)
Total lease liability as of December 31, 2025$26.8 

SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Supplemental Information Related to Finance Leases20252024
Operating cash flows used for finance leases$1.7 $1.6 $0.2 $0.5 
Finance cash flows used for finance leases$6.0 $6.2 $2.2 $2.5 
Right-of-use assets obtained in exchange for new finance lease liabilities$11.9 $5.3 $0.6 $0.6 
Weighted-average remaining lease term7.15.12.5
Weighted-average discount rate7.5 %7.7 %6.6 %
v3.25.4
FINANCIAL INSTRUMENTS AND FAIR VALUE
 12 Months Ended
Dec. 31, 2025
Financial Instruments and Fair Value [Abstract]  
FINANCIAL INSTRUMENTS AND FAIR VALUE FINANCIAL INSTRUMENTS AND FAIR VALUE. The following table provides information about assets and liabilities not carried at fair value and excludes asset and liabilities without readily determinable fair value.
 December 31, 2025December 31, 2024
 Carrying amountEstimated fair valueCarrying amount (net)Estimated fair value
LiabilitiesBorrowings (Note 11)$970.7 $1,030.1 $966.0 $987.4 
Assets and liabilities that are reflected in the accompanying consolidated financial statements at fair value are not included in the above disclosures; such items include short- and long-term investment, deferred compensation and derivative financial instruments. Substantially all of these assets are considered to be Level 1 and substantially all of the Company's liabilities' fair value are considered Level 2, with the exception of derivative instruments which are considered Level 2 for both assets and liabilities. Refer to Note 1 for further details of fair value related to investments.

Derivatives and Hedging. The Company is exposed to various market risks such as changes in foreign currency rates. The Company uses derivatives to manage risks related to changes in foreign currency exchange rates arising from international trade, foreign currency monetary asset and liability balances and investments in foreign subsidiaries. The Company's policy requires that derivatives are used solely for managing risks and not for speculative purposes. The Company manages counterparty credit risk by limiting acceptable counterparties to major financial institutions with investment grade credit ratings, by limiting the amount of credit exposure to individual counterparties, and by actively monitoring counterparty credit ratings and the amount of individual credit exposure. The Company also employs master netting arrangements that limit the risk of counterparty non-payment on a particular settlement date to the net gain that would have otherwise been received from the counterparty. Although not completely eliminated, the Company does not consider the risk of counterparty default to be significant as a result of these protections.

Net Investment Hedges. The Company designates foreign currency forwards to hedge a portion of foreign investments in its EUR and BRL denominated operations. As of December 31, 2025, this included 21 EUR-USD and 12 BRL-USD foreign currency forward instruments. The Company uses the forward method to assess hedge effectiveness for its net investment hedges. Gains and losses on these instruments are initially recognized in our Statement of Other Comprehensive Income (Loss) and are reclassified out of AOCI into gain or loss on sale of investment when the hedged net investment is either sold or substantially liquidated. Cash flows from the net investment hedges are classified as Certain other assets and liabilities on the Statement of Cash Flows.

Non-Designated Hedges. The Company uses non-designated foreign exchange forward contracts with maturities of up to 12 months to mitigate the impact of currency fluctuations on foreign currency asset and liability balances. Forward-based gains/losses are classified as foreign exchange gain (loss), net on the Statement of Earnings. Cash flows from the foreign exchange forward contracts are classified as Certain other assets and liabilities on the Statement of Cash Flows.

Fair Value of Derivatives. The following table presents the fair value of our derivative instruments and identifies the statement of financial position line items in which these amounts are included. All fair values are presented on a gross basis, consistent with the Company's policy to not elect to net derivative assets and liabilities that are subject to master netting agreements:
December 31, 2025
Gross notionalOther current assetsOther current liabilities
Designated forward currency exchange contracts1
$417.3 $1.0 $(2.3)
Non-Designated forward exchange contracts2
$777.7 2.2(2.1)
Net derivatives recognized in statement of financial position$3.2 $(4.4)
1 Gains (losses) in our Other comprehensive Income (loss) driven by net investment hedges was $5.9 for the year ended December 31, 2025, respectively.
2 Gains (losses) in our Statement of Earnings (loss) driven by hedges of foreign exchange fluctuation was $2.0 for the year ended December 31, 2025, respectively. These amounts are offset by the remeasurement of the underlying exposure through foreign exchange gain or loss, net on the Statement of Earnings.
v3.25.4
COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES. Contractual Obligations. At December 31, 2025, the Company's purchase commitments due within one year were minimal for materials and services through contract manufacturing agreements at negotiated prices. The amounts purchased under these obligations were minimal in 2025. The Company guarantees a fixed cost of certain products used in production to its strategic partners. Variations in the products costs are absorbed by the Company.
Indirect Tax Contingencies. The Company accrues non-income-tax liabilities for indirect tax matters when management believes that a loss is probable and the amounts can be reasonably estimated, while contingent gains are recognized only when realized. In the event any losses are sustained in excess of accruals, they are charged against income. In evaluating indirect tax matters, management takes into consideration factors such as historical experience with matters of similar nature, specific facts and circumstances, and the likelihood of prevailing. Management evaluates and updates accruals as matters progress over time. It is reasonably possible that some of the matters for which accruals have not been established could be decided unfavorably to the Company and could require recognizing future expenditures. Also, statutes of limitations could expire without the Company paying the taxes for matters for which accruals have been established, which could result in the recognition of future gains upon reversal of these accruals at that time. In management’s opinion, the consolidated financial statements would not be materially affected by the outcome of these indirect tax claims and/or proceedings or asserted claims.

A loss contingency is reasonably possible if it has a more than remote but less than probable chance of occurring. Although management believes the Company has valid defenses with respect to its indirect tax positions, it is reasonably possible that a loss could occur in excess of the estimated accrual. The Company estimated the aggregate risk at December 31, 2025 to be up to $52.5 for its material indirect tax matters. The aggregate risk related to indirect taxes is adjusted as the applicable statutes of limitations expire.
Legal Contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines, and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. There is no liability recorded for matters in which the liability is not probable and reasonably estimable. These estimates are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. If the actual settlement costs, final judgments, or fines, after appeals, differ from the estimates, the future results may be materially impacted. Adjustments to the initial estimates are recorded when a change in the estimate is identified. At December 31, 2025, the Company was a party to several lawsuits that were incurred in the normal course of business, which neither individually nor in the aggregate were considered material by management in relation to the Company’s financial position or results of operations. In management’s opinion, the Company's consolidated financial statements would not be materially affected by the outcome of these legal proceedings, commitments or asserted claims.

Bank Guarantees, Standby Letters of Credit, and Surety Bonds. In the ordinary course of business, the Company may issue performance guarantees on behalf of its subsidiaries to certain customers and other parties. Some of those guarantees may be backed by standby letters of credit, surety bonds, or similar instruments. In general, under the guarantees, the Company would be obligated to perform, or cause performance, over the term of the underlying contract in the event of an unexcused, uncured breach by its subsidiary, or some other specified triggering event, in each case as defined by the applicable guarantee. At December 31, 2025, the maximum future contractual obligations relative to these various guarantees totaled $130.8, of which $24.3 represented standby letters of credit to insurance providers, and no associated liability was recorded. At December 31, 2024, the maximum future payment obligations relative to these various guarantees totaled $90.4, of which $21.9 represented standby letters of credit to insurance providers, and no associated liability was recorded.

Restricted Cash. The following table provides a reconciliation of Cash, cash equivalents and Short-term and Long-term restricted cash reporting within the Company's Consolidated Statement of Financial Position and in the Consolidated Statements of Cash Flows:

December 31, 2025December 31, 2024
Cash and cash equivalents$368.9 $296.2 
Bank collateral guarantees10.7 8.2 
Pension collateral guarantees7.7 6.9 
Restricted cash and cash equivalents18.4 15.1 
Total cash, cash equivalents, and restricted cash$387.3 $311.3 
v3.25.4
REVENUE RECOGNITION
 12 Months Ended
Dec. 31, 2025
Revenue Recognition and Deferred Revenue [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION. Revenue is measured based on consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. The amount of consideration can vary depending on discounts, rebates, refunds, credits, price concessions, incentives, performance bonuses, penalties, or other similar items contained in the contract with the customer. These variable consideration components represent minimal amounts of net sales. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer.
Products. Product revenue is recognized at the point in time that the customer obtains control of the product, which could be upon delivery or upon completion of installation services, depending on contract terms. The Company’s software licenses are functional in nature (the IP has significant stand-alone functionality); as such, the revenue recognition of distinct software license sales is at the point in time that the customer obtains control of the rights granted by the license.

Services. Revenue from professional services is recognized over time, because the customer simultaneously receives and consumes the benefits of the Company’s performance as the services are performed or when the Company’s performance creates an asset with no alternative use and the Company has an enforceable right to payment for performance completed to date. Generally, revenue will be recognized using an input measure, typically costs incurred. The typical contract length for service is generally one year and is billed and paid in advance except for installations, among others. Services may be sold separately or in bundled packages. For bundled packages, the Company accounts for individual services separately if they are distinct. A distinct service is separately identifiable from other items in the bundled package if a customer can benefit from it on its own or with other resources that are readily available to the customer. The consideration (including any discounts) is allocated between separate services or distinct obligations in a bundle based on their stand-alone selling prices. The stand-alone selling prices are determined based on the prices at which the Company separately sells the products or services. For items that are not sold separately, the Company estimates stand-alone selling prices using the cost plus expected margin approach. Revenue on service contracts is recognized ratably over time, generally using an input measure, as the customer simultaneously receives and consumes the benefits of the Company’s performance as the services are performed. In some circumstances, when services are not included in a term contract and rather billed as they occur, revenue on these billed work services are recognized at a point in time as transfer of control occurs.

The Company's payment terms vary depending on the individual contracts and are generally fixed fee. The Company recognizes advance payments and billings in excess of revenue recognized as deferred revenue. In certain contracts where services are provided prior to billing, the Company recognizes a contract asset within trade receivables and other current assets.

Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and that are collected by the Company from a customer are excluded from revenue.
The Company recognizes shipping and handling fees billed when products are shipped or delivered to a customer and includes such amounts in net sales. Although infrequent, shipping and handling associated with outbound freight after control over a product has transferred to a customer is not a separate performance obligation, rather it is accounted for as a fulfillment cost. Third-party freight payments are recorded in cost of sales.

The Company includes warranties in connection with certain contracts with customers, which are not considered to be separate performance obligations. The Company provides its customers a manufacturer’s warranty, and records, at the time of the sale, a corresponding estimated liability for potential warranty costs. For additional information on product warranty refer to Note 9. The Company also has extended warranty and service contracts available for its customers, which are recognized as separate performance obligations. Revenue is recognized on these contracts ratably as the Company has a stand-ready obligation to provide services when or as needed by the customer.

Refer to Note 18 for additional information regarding the Company's reportable operating segments, disaggregation of net sales by segments and product solutions, net sales by geographical region and disaggregation by timing of revenue recognition.

Timing of revenue recognition. A performance obligation is a contractual promise to transfer a distinct good or service to the customer. A contract's transaction price is allocated to each distinct performance obligation and is recognized as revenue when (point in time) or as (over time) the performance obligation is satisfied. The following table represents the percentage of revenue recognized either at a point in time or over the periods presented:
20252024
Timing of revenue recognition
Products transferred at a point in time43%43%
Products and services transferred over time57%57%
Net sales100%100%

Contract balances. The following table provides information about receivables and deferred revenue, which represent contract liabilities from contracts with customers:
20252024
Contract balance informationTrade ReceivablesContract liabilitiesTrade ReceivablesContract liabilities
Balance at January 1$588.5 $320.7 $721.8 $376.2 
Balance at December 31$609.4 $325.8 $588.5 $320.7 

Contract assets of the Company primarily relate to the Company's rights to consideration for goods shipped and services provided but not contractually billable at the reporting date. Contract assets are minimal for the periods presented. The amount of revenue recognized in 2025 and 2024 from performance obligations satisfied (or partially satisfied) in previous periods, mainly due to the changes in the estimate of variable consideration and contract modifications was de minimis.

As of January 1, 2025, the Company had $320.7 of unrecognized deferred revenue constituting the remaining performance obligations that were either unsatisfied or partially unsatisfied. During 2025, the Company recognized revenue of $230.9 related to the Company's deferred revenue balance at January 1, 2025.

The contract assets are reclassified into the receivables balance when the rights to receive payment become unconditional. Contract liabilities represent amounts billed to or collected from customers for services that have not yet been rendered or products not yet delivered. In addition, contract liabilities are recorded as advanced payments for products and other deliverables that are billed to and collected from customers prior to revenue being recognizable.

Transaction price and variable consideration. The transaction price is the amount of consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer, excluding amounts collected on behalf of third parties. This consideration can include fixed and variable amounts and is determined at contract inception and updated each reporting period for any changes in circumstances. The transaction price also considers variable consideration, time value of money and the measurement of any non-cash consideration, all of which are estimated at contract inception and updated at each reporting date for any changes in circumstances. Generally, the Company applies the expected value method when assessing variable consideration including returns and refunds.

The Company also applies the ‘as invoiced’ practical expedient related to performance obligations satisfied over time, which permits the Company to recognize revenue in the amount to which it has a right to invoice the customer if that amount corresponds directly with the value to the customer of the Company’s performance completed to date. Service revenues that are recognized ratably are primarily contracts that include first and second line maintenance. Service revenues that are recognized using input measures include primarily preventative maintenance. The ‘as invoiced’ practical expedient relates to the on-demand service revenue which is generally not under contract.
Cost to obtain and cost to fulfill a contract. The Company has minimal cost to obtain or fulfill contracts for customers for the periods presented. The Company applies the practical expedient and recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less. The costs that are not capitalized are included in cost of sales. The costs related to contracts with greater than a one-year term are immaterial and continue to be recognized in cost of sales.
v3.25.4
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION. The Company's reportable segment information below directly aligns with how the Chief Executive Officer, who is also chief operating decision maker (CODM), regularly reviews results to make decisions, allocate resources, and assess performance. Revenue, costs, operating expenses and operating profit (loss), as disclosed herein, is consistent with the segment information used by the CODM and does not include corporate charges, asset impairment, restructuring and other saving initiative expenses, 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 and cost of sales are from sales to external customers. Segment operating profit is defined as segment gross profit 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. Segment operating profit reconciles to consolidated income 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 present information regarding the Company’s segment performance and provide a reconciliation between segment operating profit and the consolidated Income before taxes:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Banking$2,797.0 $2,762.8 $1,157.6 $1,511.0 
Retail1,008.7 988.3 469.3 610.0 
Held for sale non-core European retail business (7)
— — 1.7 10.9 
Total net sales by segment$3,805.7 $3,751.1 $1,628.6 $2,131.9 
Banking$2,040.3 $2,058.3 $858.5 $1,149.5 
Retail762.0 744.5 347.2 462.4 
Total segment cost of sales$2,802.3 $2,802.8 $1,205.7 $1,611.9 
  Banking$756.7 $704.5 $299.1 $361.5 
  Retail246.7 243.8123.8 158.5 
Total segment gross profit$1,003.4 $948.3 $422.9 $520.0 
Banking$250.1 $253.8 $143.8 $149.9 
Retail121.8 121.965.2 72.3 
Total segment SG&A and other operating expenses$371.9 $375.7 $209.0 $222.2 
Banking$506.6 $450.7 $155.3 $211.6 
Retail124.9 121.9 58.6 86.2 
Total segment operating profit$631.5 $572.6 $213.9 $297.8 
Corporate charges not allocated to segments (1)
$(295.1)$(265.4)$(86.3)$(159.8)
Restructuring and other saving initiative expenses (2)
(94.3)(106.1)(23.1)(38.4)
Refinancing related costs (3)
— (15.8)(5.1)(44.7)
Impairment of assets (4)
— (1.9)(1.2)(3.3)
Net non-routine expense (5)
(0.1)(1.3)(4.8)(7.4)
Amortization of fair value assets (6)
— — — (41.8)
Held for sale non-core European retail business (7)
— — (1.0)(7.9)
(389.5)(390.5)(121.5)(303.3)
Operating profit (loss)242.0 182.1 92.4 (5.5)
Other income (expense)(116.9)(134.8)(96.9)1,458.3 
Income (loss) before taxes$125.1 $47.3 $(4.5)$1,452.8 

(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.
(2)    Refer to Note 10 for further information regarding restructurings. Consistent with the historical reportable segment structure, restructuring and saving initiative costs are not assigned to the segments, and are separately analyzed by the CODM.
(3)    Refinancing related costs are fees earned by our advisors that have been accounted for as period expense.
(4)    Impairment in the 2024 Successor Period relates to assets identified in the Middle East with a carrying value over market value, 2023 Successor Period relates to German and Indian facilities, and impairment in the 2023 Predecessor Period primarily relates to leased European facilities closures.
(5)    Net non-routine income (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.
(6)    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.
(7)    Held for sale non-core European retail business represents the revenue and operating profit of a business that had been classified as held for sale in the Predecessor period and sold in September 2023.

The following table presents information regarding the Company’s segment net sales by service and product solution:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Services$1,608.6 $1,587.4 $626.9 $954.3 
Products1,188.4 1,175.4 530.7 556.7 
Total Banking$2,797.0 $2,762.8 $1,157.6 $1,511.0 
Services$560.3 $563.0 $230.4 $335.2 
Products448.4 425.3 238.9 274.8 
Total Retail$1,008.7 $988.3 $469.3 $610.0 
Services$— $— $1.1 $5.5 
Products— — 0.6 5.4 
Total held for sale non-core European retail business (7)
— — 1.7 10.9 
Total revenue$3,805.7 $3,751.1 $1,628.6 $2,131.9 

The Company had no customers that accounted for more than 10% of total net sales in the Successor Periods for the years ended December 31, 2025 and 2024 and from August 12, 2023 to December 31, 2023, and the Predecessor Period from January 1, 2023 to August 11, 2023, respectively. Below is a summary of net sales by point of origin:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
United States$902.3 $945.4 $404.1 $583.9 
Other Americas558.3 706.9 290.0 380.9 
Total Americas Revenue1,460.6 1,652.3 694.1 964.8 
Germany724.4 577.2 248.2 283.9 
Other EMEA1,327.1 1,236.2 553.2 714.2 
Total EMEA Revenue2,051.5 1,813.4 801.4 998.1 
Total APAC Revenue293.6 285.4 133.1 169.0 
Total Revenue$3,805.7 $3,751.1 $1,628.6 $2,131.9 

Below is a summary of property, plant and equipment, net and right-of-use operating lease assets by geographical location as of December 31:
20252024
United States$89.6 $71.8 
Germany87.3 78.3 
Other international109.1 96.1 
Total property, plant and equipment, net and operating leases$286.0 $246.2 
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] The Company has established an information security program, which requires cross-functional coordination between various departments including information security, information technology, data privacy, enterprise risk management and internal audit. Our information security program is generally guided in part by the National Institute of Standards and Technology (NIST) Cybersecurity Framework and International Organization for Standardization 27001 (ISO 27001) Framework. However, this does not mean that we will meet, or maintain, any particular technical standard, specification, framework, or requirement in the future, but rather we use NIST and ISO 27001 as guides to help the Company identify, assess and manage cybersecurity risks relevant to our business. Our program is designed to promote data security and operational resilience within our products, solutions, operations, and corporate infrastructure through layered safeguards, continuous monitoring, and risk-based controls. The Company conducts regular security risk assessments, which include internal, external, and third-party risks, where appropriate, relying on internal and external resources. The results of these assessments help us to identify potential risks and to aid our cybersecurity risk management practices. Further, our employees receive annual training on security, privacy and the Company’s Code of Business Ethics. The Company maintains policies and practices governing our third-party risks, including service providers, suppliers and vendors. The Company generally requires third parties to, among other things, maintain security controls to protect confidential information and data, and notify us of data breaches that may impact our systems or data. The Company also uses third-party security scoring data to assess potential risks associated with third-party controls.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] The oversight of our cybersecurity risk is integrated into an enterprise-wide risk management process.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block] The oversight of our cybersecurity risk is integrated into an enterprise-wide risk management process. The Board of Directors has oversight of our strategic and business risk management and has delegated cybersecurity risk management oversight to the Nomination and Governance Committee (Governance Committee) of the Board, which oversees the Company’s enterprise-wide risk management process. The Governance Committee provides risk oversight and guidance regarding strategy and management of the Company’s information security program, including cybersecurity incidents, if any. The Company’s management team is responsible for assessing and managing risks from cybersecurity threats, and in this regard, the Chief Information Security Officer (CISO) leads the Company’s overall cybersecurity function and cybersecurity leadership team. Our CISO is responsible for overseeing all information security programs that support key functions related to the operation and management of security controls designed to protect and defend against cybersecurity risks. Our current CISO has extensive experience in various roles related to information security. Our CISO leads a team of dedicated cybersecurity professionals who build and implement specific technical and administrative security controls. Our CISO regularly updates the Governance Committee on the state of Diebold Nixdorf’s cybersecurity program, including security risks, incidents and mitigation strategies.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Board of Directors has oversight of our strategic and business risk management and has delegated cybersecurity risk management oversight to the Nomination and Governance Committee (Governance Committee) of the Board, which oversees the Company’s enterprise-wide risk management process. The Governance Committee provides risk oversight and guidance regarding strategy and management of the Company’s information security program, including cybersecurity incidents, if any.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The oversight of our cybersecurity risk is integrated into an enterprise-wide risk management process. The Board of Directors has oversight of our strategic and business risk management and has delegated cybersecurity risk management oversight to the Nomination and Governance Committee (Governance Committee) of the Board, which oversees the Company’s enterprise-wide risk management process. The Governance Committee provides risk oversight and guidance regarding strategy and management of the Company’s information security program, including cybersecurity incidents, if any. The Company’s management team is responsible for assessing and managing risks from cybersecurity threats, and in this regard, the Chief Information Security Officer (CISO) leads the Company’s overall cybersecurity function and cybersecurity leadership team.
Cybersecurity Risk Role of Management [Text Block] The Company’s management team is responsible for assessing and managing risks from cybersecurity threats, and in this regard, the Chief Information Security Officer (CISO) leads the Company’s overall cybersecurity function and cybersecurity leadership team. Our CISO is responsible for overseeing all information security programs that support key functions related to the operation and management of security controls designed to protect and defend against cybersecurity risks. Our current CISO has extensive experience in various roles related to information security. Our CISO leads a team of dedicated cybersecurity professionals who build and implement specific technical and administrative security controls. Our CISO regularly updates the Governance Committee on the state of Diebold Nixdorf’s cybersecurity program, including security risks, incidents and mitigation strategies.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Governance Committee provides risk oversight and guidance regarding strategy and management of the Company’s information security program, including cybersecurity incidents, if any. The Company’s management team is responsible for assessing and managing risks from cybersecurity threats, and in this regard, the Chief Information Security Officer (CISO) leads the Company’s overall cybersecurity function and cybersecurity leadership team. Our CISO is responsible for overseeing all information security programs that support key functions related to the operation and management of security controls designed to protect and defend against cybersecurity risks. Our current CISO has extensive experience in various roles related to information security. Our CISO leads a team of dedicated cybersecurity professionals who build and implement specific technical and administrative security controls. Our CISO regularly updates the Governance Committee on the state of Diebold Nixdorf’s cybersecurity program, including security risks, incidents and mitigation strategies.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our current CISO has extensive experience in various roles related to information security. Our CISO leads a team of dedicated cybersecurity professionals who build and implement specific technical and administrative security controls.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] Our CISO is responsible for overseeing all information security programs that support key functions related to the operation and management of security controls designed to protect and defend against cybersecurity risks. Our current CISO has extensive experience in various roles related to information security. Our CISO leads a team of dedicated cybersecurity professionals who build and implement specific technical and administrative security controls. Our CISO regularly updates the Governance Committee on the state of Diebold Nixdorf’s cybersecurity program, including security risks, incidents and mitigation strategies.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Principles of Consolidation Principles of Consolidation. The consolidated financial statements of Diebold Nixdorf Incorporated and its wholly- and majority-owned subsidiaries (collectively, the Company) include the accounts of the Company. All significant intercompany accounts and transactions have been eliminated, including common control transfers among subsidiaries of the Company.
Use of Estimates in Preparation of Consolidated Financial Statements
Use of Estimates in Preparation of Consolidated Financial Statements. The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include revenue recognition, the valuation of inventories, goodwill, intangible assets, other long-lived assets, legal contingencies, guarantee obligations and assumptions used in the calculation of income taxes, pension and other post-retirement benefits and customer incentives, among others. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors. Management monitors the economic condition and other factors and will adjust such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates.
Reclassifications Reclassifications. The Company has reclassified the presentation of certain prior-year information to conform to the current presentation.
International Operations
International Operations. The financial statements of the Company’s international operations are measured using local currencies as their functional currencies, with the exception of financial results from Argentina, Singapore, El Salvador, and Switzerland, which have a functional currency other than local currency. These operations used either United States dollar (USD) or euro as their functional currency depending on the concentration of USD or euro transactions and distinct financial information. The Company translates the assets and liabilities of its non-U.S. subsidiaries at the exchange rates in effect at year end and the results of operations at the average rate throughout the year. The translation adjustments are recorded directly as a separate component of stockholders’ equity, while realized and unrealized transactional gains (losses) are included in net income (loss).
Cost of Sales
Cost of Sales. Cost of sales for services primarily consists of fuel, parts and labor and benefits costs related to installation of products and service maintenance contracts, including call center costs as well as costs for service parts repair centers. Cost of sales for products is primarily comprised of direct materials and supplies consumed in the manufacturing and distribution of products, as well as related labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished products. Cost of sales for products also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity.
Property, plant and equipment and long-lived assets Property, plant and equipment and long-lived assets.
Depreciation and Amortization
Depreciation and Amortization. Depreciation of property, plant and equipment is computed using the straight-line method based on the estimated useful life for each asset class. Amortization of leasehold improvements is based upon the shorter of original terms of the lease or life of the improvement. Repairs and maintenance are expensed as incurred. Generally, amortization of the Company’s other long-term assets, such as intangible assets and capitalized software development, is computed using the straight-line method over the life of the asset. Fully depreciated assets are retained until disposal. Upon disposal, assets and related accumulated depreciation or amortization are removed from the accounts and the net amount, less proceeds from disposal, is recorded as gain or loss to operations.
Lease Accounting for Lessee Arrangements
Lease Accounting for Lessee Arrangements. Contractual arrangements are evaluated at inception to determine if the arrangements contains a lease. The Company utilizes lease agreements to meet its operational needs, including office space, warehouses, vehicles and IT equipment. The Company's lease population has initial lease terms ranging from less than one year to approximately fifteen years. Some leases include one or more options to renew, with renewal terms that can extend the lease term from six months to 15 years. Options to extend, purchase or terminate the lease are included as part of the right of use (ROU) lease asset and liability when it is reasonably certain the Company will exercise the option. For all lease assets, the fixed lease and non-lease components are accounted for as a single lease component when determining the ROU asset and lease liability. As most leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. In order to apply the incremental borrowing rate, a rate table was developed to assign the appropriate rate to each lease based on lease term and currency of payments. For leases with large numbers of underlying assets, a portfolio approach with a collateralized rate was utilized. Assets were grouped based on similar lease terms and economic environments in a manner whereby the Company reasonably expects that the application does not differ materially from a lease-by-lease approach.
Taxes on Income Taxes on Income.
Sales Tax
Sales Tax. The Company collects sales taxes from customers and accounts for sales taxes on a net basis.
Cash, Cash Equivalents and Restricted Cash Cash, Cash Equivalents and Restricted Cash. The Company considers highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents.
Financial Instruments Financial Instruments. The carrying amount of cash and cash equivalents, short-term investments, trade receivables and accounts payable approximated their fair value because of the relatively short maturity of these instruments.
Derivatives The Company’s risk-management strategy allows for the use of derivative financial instruments such as forwards to hedge certain foreign currency exposures and interest rate swaps to manage interest rate risk. The intent is to offset gains and losses that occur on the underlying exposures, with gains and losses on the derivative contracts hedging these exposures. The Company does not enter into derivatives for trading purposes. The Company recognizes all derivatives on the statement of financial position at fair value. Changes in the fair values of derivatives that are not designated as hedges are recognized in earnings. If the derivative is designated and qualifies as a hedge, depending on the nature of the hedge, changes in the fair value of the derivatives are either offset against the change in the hedged assets or liabilities through earnings or recognized in other comprehensive income until the hedged item is recognized in earnings.
Fair Value
Fair Value. The Company measures its financial assets and liabilities using one or more of the following three valuation techniques:
Valuation techniqueDescription
Market approachPrices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.
Cost approachAmount that would be required to replace the service capacity of an asset (replacement cost).
Income approachTechniques to convert future amounts to a single present amount based upon market expectations.

The hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels:
Fair value levelDescription
Level 1Unadjusted quoted prices in active markets for identical assets or liabilities.

Fair value of investments categorized as level 1 are determined based on period end closing prices in active markets.
Level 2Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs, other than quoted prices in active markets, that are observable either directly or indirectly.

Fair value of investments categorized as level 2 are determined based on the latest available ask price or latest trade price if listed. The fair value of unlisted securities is established by fund managers using the latest reported information for comparable securities and financial analysis. If the manager believes the fund is not capable of immediately realizing the fair value otherwise determined, the manager has the discretion to determine an appropriate value.
Net asset value Fair value of investments categorized as NAV represent the plan’s interest in private equity, hedge and property funds. The fair value for these assets is determined based on the NAV as reported by the underlying investment managers.

A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company uses the end of the period when determining the timing of transfers between levels.

Short-Term Investments The Company has investments in securities, primarily in Brazil, that are recorded at cost, which approximates fair value. Changes in fair value are recognized in interest income, determined using the specific identification method, and were minimal. There were no gains from the sale of securities or proceeds from the sale of securities prior to the maturity date for the year ended December 31, 2025 and 2024. The cost basis and fair value of these investments was $29.1 and $16.9 as of December 31, 2025 and 2024, respectively.

Foreign Exchange Contracts The valuation of foreign exchange forward and option contracts is determined using valuation techniques, including option models tailored for currency derivatives. These contracts are valued using the market approach based on observable market inputs. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including spot rates, foreign currency forward rates, the interest rate curve of the domestic currency, and foreign currency volatility for the given currency pair.

Refer to Note 15 for further details of assets and liabilities subject to fair value measurement.
Trade Receivables Trade Receivables. The Company records the lifetime expected loss on uncollectible trade receivables based on historical loss experience as a percentage of sales and makes adjustments as necessary based on current trends. The Company will also record periodic adjustments for specific customer circumstances and changes in the aging of accounts receivable balances. Amounts deemed uncollectible are written off.
Financing Receivables Financing Receivables. The Company records the lifetime expected loss on finance lease receivables on a customer-by-customer basis and evaluates specific customer circumstances, aging of invoices, credit risk changes, payment patterns and historical loss experience with consideration given to current trends. After all efforts at collection have been unsuccessful, the account is deemed uncollectible and is written off.
Inventories
Inventories. The Company primarily values inventories using average or standard costing utilizing lower of cost or net realizable value. The standard costs approximate costs determined on a first in, first out basis. The Company identifies and writes down its excess and obsolete inventories to net realizable value based on usage forecasts, order volume and inventory aging. With the development of new products, the Company may also rationalize its product offerings and will assess if it is required to write-down discontinued products to the lower of cost or net realizable value.
Deferred Revenue Deferred Revenue.
Goodwill Goodwill.
Contingencies
Contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. As additional information becomes available, any potential liability related to these matters is assessed and the estimates are revised, if necessary. Legal costs incurred in connection with loss contingencies are expensed as incurred.
Pension and Other Post-retirement Benefits Pensions and Other Post-retirement Benefits.
Noncontrolling Interests Noncontrolling Interests. Noncontrolling interests represent the portion of profit or loss, net assets and comprehensive income that is not allocable to the Company.
Related Party Transactions Related Party Transactions. The Company has certain strategic alliances that are not consolidated. The Company's strategic alliances are not significant subsidiaries and are accounted for under the equity method of investments. The Company owns 48.1% of Inspur (Suzhou) Financial Information Technology Co., Ltd (Inspur JV) and 49.0% of Aisino-Wincor Retail & Banking Systems (Shanghai) Co., Ltd (Aisino JV) as of December 31, 2025. The Company engages in transactions with these entities in the ordinary course of business. As of December 31, 2025, the Company had accounts receivable due from and accounts payable due to these affiliates of $11.0 and $22.2, respectively, which are included in trade receivables, less allowances for doubtful accounts and accounts payable, respectively, on the consolidated statement of financial position.
Recently Adopted Accounting Guidance
Recently Adopted Accounting Guidance. In December 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-09 - Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). The amendments of ASU 2023-09 improves the transparency of financial reporting by adding requirements for disclosures related to effective tax rate reconciliation, as well as information on income taxes paid. Upon adoption as of December 31, 2025, the guidance was applied on a prospective basis. Refer to Note 5 of the consolidated financial statements for more information.

Recently Issued Accounting Guidance. In November 2024, the FASB issued ASU 2024-03 Comprehensive Income (Topic 220) -Disaggregation of Income Statement Expenses, which is expected to lead to incremental disclosure about the type of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented captions. In September 2025 they issued ASU 2025-06 Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which improves Subtopic 350-40 to increase the operability of the recognition guidance considering different methods of software developments. ASU 2024-03 and ASU 2025-06 are effective on December 31, 2027 and the Company is currently assessing the impact that they will have on its consolidated financial statements. In November 2024 the FASB issued ASU 2024-04 Debt (Topic 740) - Induced Conversions of Convertible Debt Instruments, which clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion, and is effective on December 31, 2026. The Company does not expect this ASU will have a significant impact on its consolidated financial statements.
Bankruptcy Accounting and Fresh Start Accounting. The consolidated financial statements of the Company for the Predecessor Period of January 1, 2023 through August 11, 2023 have been prepared using the going concern basis of accounting and in accordance with FASB Accounting Standards Codification (ASC) Topic No. 852 – Reorganizations (ASC 852). See Note 2 for further detail.

Upon emergence from the Chapter 11 Cases and Dutch Scheme Proceedings (see Note 2), the Company qualified for and applied fresh start accounting (Fresh Start Accounting), at which point we became a new entity for financial reporting because (i) the holders of the then existing common shares of the Predecessor received less than 50% of the new shares of common stock of the Successor outstanding upon emergence and (ii) the reorganization value of the Company’s assets immediately prior to confirmation of the Plans (defined in Note 2) was less than the total of all post-petition liabilities and allowed claims.

Upon adoption of Fresh Start Accounting, the reorganization value derived from the enterprise value associated with the Plans was allocated to the Company’s identifiable tangible and intangible assets and liabilities based on their fair values (except for deferred income taxes), with the remaining excess value allocated to goodwill in accordance with ASC 805 – Business Combinations. Deferred income tax amounts were determined in accordance with ASC 740 – Income Taxes.

References to “Predecessor” relate to the consolidated statements of operations for the period from January 1, 2023 through and including the adjustments from the application of Fresh Start Accounting on August 11, 2023. References to “Successor” relate to the consolidated statements of financial position of the reorganized Company as of December 31, 2024 and December 31, 2025 and consolidated statements of operations for the period from August 12, 2023 through December 31, 2023 and for the twelve months ended December 31, 2024 and 2025, and are not comparable to the consolidated financial statements of the Predecessor as indicated by the “black line” division in the financial statements and footnote tables, which emphasizes the lack of comparability between amounts presented. The Company’s financial results for future periods following the application of Fresh Start Accounting will be different from historical trends and the differences may be material.
Share-Based Compensation Cost SHARE-BASED COMPENSATION. The Company recognizes costs resulting from all share-based payment transactions based on the fair value of the award as of the grant date. Awards are valued at fair value and compensation cost is recognized on a straight-line basis over the requisite periods of each award. To cover the exercise and/or vesting of its share-based payments, the Company uses a combination of new shares from its authorized, unissued share pool and its treasury shares. On the Effective Date, the then existing common shares of the Predecessor were canceled and new common stock of the Successor was issued. Accordingly, the existing share-based compensation awards issued pursuant to the 2017 Equity and Performance Incentive Plan were also canceled, which resulted in the recognition of any previously unamortized expense related to the canceled awards on the date of cancellation.
Revenue Revenue is measured based on consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. The amount of consideration can vary depending on discounts, rebates, refunds, credits, price concessions, incentives, performance bonuses, penalties, or other similar items contained in the contract with the customer. These variable consideration components represent minimal amounts of net sales. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer.
Products. Product revenue is recognized at the point in time that the customer obtains control of the product, which could be upon delivery or upon completion of installation services, depending on contract terms. The Company’s software licenses are functional in nature (the IP has significant stand-alone functionality); as such, the revenue recognition of distinct software license sales is at the point in time that the customer obtains control of the rights granted by the license.

Services. Revenue from professional services is recognized over time, because the customer simultaneously receives and consumes the benefits of the Company’s performance as the services are performed or when the Company’s performance creates an asset with no alternative use and the Company has an enforceable right to payment for performance completed to date. Generally, revenue will be recognized using an input measure, typically costs incurred. The typical contract length for service is generally one year and is billed and paid in advance except for installations, among others. Services may be sold separately or in bundled packages. For bundled packages, the Company accounts for individual services separately if they are distinct. A distinct service is separately identifiable from other items in the bundled package if a customer can benefit from it on its own or with other resources that are readily available to the customer. The consideration (including any discounts) is allocated between separate services or distinct obligations in a bundle based on their stand-alone selling prices. The stand-alone selling prices are determined based on the prices at which the Company separately sells the products or services. For items that are not sold separately, the Company estimates stand-alone selling prices using the cost plus expected margin approach. Revenue on service contracts is recognized ratably over time, generally using an input measure, as the customer simultaneously receives and consumes the benefits of the Company’s performance as the services are performed. In some circumstances, when services are not included in a term contract and rather billed as they occur, revenue on these billed work services are recognized at a point in time as transfer of control occurs.

The Company's payment terms vary depending on the individual contracts and are generally fixed fee. The Company recognizes advance payments and billings in excess of revenue recognized as deferred revenue. In certain contracts where services are provided prior to billing, the Company recognizes a contract asset within trade receivables and other current assets.

Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and that are collected by the Company from a customer are excluded from revenue.
The Company recognizes shipping and handling fees billed when products are shipped or delivered to a customer and includes such amounts in net sales. Although infrequent, shipping and handling associated with outbound freight after control over a product has transferred to a customer is not a separate performance obligation, rather it is accounted for as a fulfillment cost. Third-party freight payments are recorded in cost of sales.

The Company includes warranties in connection with certain contracts with customers, which are not considered to be separate performance obligations. The Company provides its customers a manufacturer’s warranty, and records, at the time of the sale, a corresponding estimated liability for potential warranty costs. For additional information on product warranty refer to Note 9. The Company also has extended warranty and service contracts available for its customers, which are recognized as separate performance obligations. Revenue is recognized on these contracts ratably as the Company has a stand-ready obligation to provide services when or as needed by the customer.

Refer to Note 18 for additional information regarding the Company's reportable operating segments, disaggregation of net sales by segments and product solutions, net sales by geographical region and disaggregation by timing of revenue recognition.
Timing of revenue recognition. A performance obligation is a contractual promise to transfer a distinct good or service to the customer. A contract's transaction price is allocated to each distinct performance obligation and is recognized as revenue when (point in time) or as (over time) the performance obligation is satisfied.
The contract assets are reclassified into the receivables balance when the rights to receive payment become unconditional. Contract liabilities represent amounts billed to or collected from customers for services that have not yet been rendered or products not yet delivered. In addition, contract liabilities are recorded as advanced payments for products and other deliverables that are billed to and collected from customers prior to revenue being recognizable.

Transaction price and variable consideration. The transaction price is the amount of consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer, excluding amounts collected on behalf of third parties. This consideration can include fixed and variable amounts and is determined at contract inception and updated each reporting period for any changes in circumstances. The transaction price also considers variable consideration, time value of money and the measurement of any non-cash consideration, all of which are estimated at contract inception and updated at each reporting date for any changes in circumstances. Generally, the Company applies the expected value method when assessing variable consideration including returns and refunds.

The Company also applies the ‘as invoiced’ practical expedient related to performance obligations satisfied over time, which permits the Company to recognize revenue in the amount to which it has a right to invoice the customer if that amount corresponds directly with the value to the customer of the Company’s performance completed to date. Service revenues that are recognized ratably are primarily contracts that include first and second line maintenance. Service revenues that are recognized using input measures include primarily preventative maintenance. The ‘as invoiced’ practical expedient relates to the on-demand service revenue which is generally not under contract.
Cost to obtain and cost to fulfill a contract. The Company has minimal cost to obtain or fulfill contracts for customers for the periods presented. The Company applies the practical expedient and recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less. The costs that are not capitalized are included in cost of sales. The costs related to contracts with greater than a one-year term are immaterial and continue to be recognized in cost of sales.
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Fair Value, Valuation Techniques The Company measures its financial assets and liabilities using one or more of the following three valuation techniques:
Valuation techniqueDescription
Market approachPrices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.
Cost approachAmount that would be required to replace the service capacity of an asset (replacement cost).
Income approachTechniques to convert future amounts to a single present amount based upon market expectations.

The hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels:
Fair value levelDescription
Level 1Unadjusted quoted prices in active markets for identical assets or liabilities.

Fair value of investments categorized as level 1 are determined based on period end closing prices in active markets.
Level 2Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs, other than quoted prices in active markets, that are observable either directly or indirectly.

Fair value of investments categorized as level 2 are determined based on the latest available ask price or latest trade price if listed. The fair value of unlisted securities is established by fund managers using the latest reported information for comparable securities and financial analysis. If the manager believes the fund is not capable of immediately realizing the fair value otherwise determined, the manager has the discretion to determine an appropriate value.
Net asset value Fair value of investments categorized as NAV represent the plan’s interest in private equity, hedge and property funds. The fair value for these assets is determined based on the NAV as reported by the underlying investment managers.
Schedule of Allowances for Doubtful Accounts The following table summarizes the Company’s allowances for doubtful accounts:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Beginning balance$10.9 $3.6 $— $34.5 
Charged to costs and expenses19.2 17.8 8.0 16.6 
Charged to other accounts (1)
(1.4)(1.2)(0.2)(0.3)
Deductions (2)
(22.7)(9.3)(4.2)(14.7)
Fresh Start Accounting adjustment— — — (36.1)
Ending balance$6.0 $10.9 $3.6 $— 
(1)    Includes net effects of foreign currency translation
(2)    Uncollectible accounts written-off, net of recoveries.
v3.25.4
EARNINGS (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computing Earnings (Loss) Per Share and the Effect on the Weighted-Average Number of Shares of Dilutive Potential Common Shares The following table represents amounts used in computing earnings (loss) per share and the effect on the weighted-average number of shares of dilutive potential common stock:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Earnings used in basic and diluted earnings per share
Net income (loss)$97.5 $(14.5)$14.7 $1,361.9 
Net income (loss) income attributable to noncontrolling interests2.9 2.0 1.3 (0.8)
Net income (loss) attributable to Diebold Nixdorf$94.6 $(16.5)$13.4 $1,362.7 
Weighted-average common shares in basic earnings (loss) per share36.8 37.6 37.6 79.7 
Effect of dilutive shares (1)
0.4 — — 1.7 
Weighted-average number of shares used in diluted earnings (loss) per share
37.2 37.6 37.6 81.4 
Net income (loss) attributable to Diebold Nixdorf
Basic earnings per share$2.57 $(0.44)$0.36 $17.10 
Diluted earnings (loss) per share$2.54 $(0.44)$0.36 $16.74 
Anti-dilutive shares
Anti-dilutive shares not used in calculating diluted weighted-average shares0.1 1.1 — 2.1 
(1)Shares of 0.1 for the year ended December 31, 2024 are excluded from the computation of diluted earnings (loss) per share because the effects are anti-dilutive due to the net loss position.
v3.25.4
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Costs by Plan The following table summarizes the components of the Company’s employee and non-employee directors share-based compensation programs recognized as selling and administrative expense:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Pre-tax compensation expense$3.4 $4.1 $0.1 $— 
Tax benefit(0.7)(0.9)— — 
Stock option expense, net of tax(1)
$2.7 $3.2 $0.1 $— 
Pre-tax compensation expense$8.7 $5.6 $— $2.3 
Acceleration of Predecessor awards— — — 2.7 
Tax benefit(1.5)(1.3)— (1.2)
RSU expense, net of tax(2)
$7.2 $4.3 $— $3.8 
Pre-tax compensation expense$— $— $— $0.1 
Performance share expense, net of tax$— $— $— $0.1 
Pre-tax compensation expense$12.1 $9.7 $0.1 $2.4 
Acceleration of Predecessor awards— — — 2.7 
Tax benefit(2.2)(2.2)— (1.2)
Total share-based compensation, net of tax$9.9 $7.5 $0.1 $3.9 
(1) Unrecognized compensation costs related to unvested stock option awards as of December 31, 2025 was $6.1, which will be amortized over a weighted average period of 1.7 years.
(2) Unrecognized compensation costs related to unvested RSU awards as of December 31, 2025 was $14.3, which will be amortized over a weighted average period of 1.4 years.
Schedule of Weighted Average Grant Date Fair Value for Stock Option and RSU The table below summarizes the weighted average grant date fair value for stock option and RSU awards:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Stock options$— $12.41 $4.73 $— 
RSUs$44.53 $34.66 $29.00 $— 
Schedule of Stock Options Outstanding and Exercisable Stock option and RSU awards outstanding and exercisable as of December 31, 2025, and changes during the period were as follows:
Stock optionsRSUs
Number of SharesWeighted-Average Exercise Price (per share)Weighted-Average Remaining Contractual Term (in years)Aggregate Intrinsic ValueNumber of SharesWeighted-Average Exercise Price (per share)Weighted-Average Remaining Contractual Term (in years)Aggregate Intrinsic Value
Outstanding at January 1, 20251.1 $31.58 0.6 $32.60 
Expired or forfeited(0.1)$30.00 (0.1)$33.22 
Exercised— $— (0.2)$33.21 
Granted— $— 0.2 $44.53 
Outstanding at December 31, 20251.0 $31.73 5.5$— 0.5 $37.66 
Exercisable at December 31, 20250.3 $30.00 2.7$— N/AN/AN/AN/A
v3.25.4
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components Income (Loss) From Operations Before Taxes
The following table presents components of income (loss) from operations before taxes:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Domestic$(206.3)$(195.8)$(67.1)$797.1 
Foreign331.4 243.1 62.6 655.7 
Total$125.1 $47.3 $(4.5)$1,452.8 
Schedule of Income Tax Expense (Benefit)
The following table presents the components of income tax expense (benefit):
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Current
U.S. federal$(0.6)$6.8 $(1.5)$(3.7)
Foreign72.8 59.1 33.0 14.4 
State and local— 6.5 (0.4)— 
Total current72.2 72.4 31.1 10.7 
Deferred
U.S. federal(18.9)(15.7)(27.1)29.5 
Foreign(26.5)11.6 (11.7)42.0 
State and local(2.7)(4.0)(7.0)8.2 
Total deferred(48.1)(8.1)(45.8)79.7 
Income tax expense (benefit) $24.1 $64.3 $(14.7)$90.4 
Schedule of Effective Income Tax Rate Reconciliation
Income tax expense (benefit) attributable to income (loss) from operations before taxes differed from the amounts computed by applying the U.S. federal income tax rate of 21% to pre-tax income (loss) from operations. The following table presents these differences:

Year ended December 31, 2025
Total%
Earnings from continuing operations, before income tax expense$125.1 
U.S. federal statutory tax rate26.3 21.0 %
United States
State and local income taxes(1)
(2.7)(2.1)%
Federal
Effect of cross-border tax laws
U.S. taxed foreign income - Subpart F7.5 6.0 %
U.S. taxed foreign income - GILTI48.3 38.6 %
Foreign tax credits(37.7)(30.2)%
Foreign exchange gain (loss)(2.1)1.7 %
Tax credits
Other tax credits(1.1)(0.9)%
Changes in valuation allowances(11.8)(9.4)%
Nontaxable or nondeductible items
Non-deductible compensation2.4 1.9 %
Non-deductible interest expense5.1 4.0 %
Other(1.2)(0.9)%
Other adjustments1.1 0.9 %
Year ended December 31, 2025
Total%
Brazil
Effect of rates different than statutory3.6 2.9 %
Tax on undistributed earnings of subsidiaries11.4 9.1 %
Other(0.7)(0.6)%
Canada
Changes in valuation allowances(3.9)(3.1)%
State and local income taxes(2.1)(1.7)%
Other1.8 1.5 %
Germany
Effect of rates different than statutory(7.6)(6.0)%
Enactment of new tax laws(18.7)(14.9)%
State and local income taxes22.9 18.3 %
Other0.9 0.7 %
Mexico
Changes in valuation allowances(17.5)(14.0)%
Other1.8 1.4 %
Netherlands
Non-deductible interest expense2.4 1.9 %
Other1.0 0.8 %
Switzerland
Effect of rates different than statutory(4.6)(3.7)%
State and local income taxes4.1 3.3 %
Other(0.4)(0.3)%
Thailand2.1 1.7 %
Turkey
Changes in valuation allowances2.5 2.0 %
Other(1.4)(1.1)%
Other foreign jurisdictions6.0 4.8 %
Changes in unrecognized tax benefits(13.6)(10.8)%
Income tax expense$24.1 19.3 %
(1) During the year ended December 31, 2025, state and local income taxes in California, New York, New Jersey, Florida, Illinois, and Pennsylvania comprise greater than 50% of the tax effect in this category.
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
2024
Statutory tax expense (benefit)$9.9 $(0.9)$305.1 
State and local taxes (net of federal tax benefit)2.2 (5.1)8.4 
Brazil non-taxable incentive— (3.3)(0.6)
Valuation allowances6.6 1.1 (194.0)
Foreign tax rate differential17.4 1.5 47.3 
Tax on unremitted foreign earnings(3.5)1.5 6.8 
Change to uncertain tax positions(3.2)— (1.8)
U.S. taxed foreign income6.3 (9.2)23.6 
Non-deductible (non-taxable) items17.2 16.2 65.8 
Reorganization/Fresh Start reporting— (21.5)(170.9)
Prior year deferred true up(1.5)1.0 (6.1)
Return to provision3.6 (1.2)8.4 
Withholding tax and other taxes9.2 5.1 0.6 
Other0.1 0.1 (2.2)
Income tax expense (benefit) $64.3 $(14.7)$90.4 
Schedule of Unrecognized Tax Benefits Details of the unrecognized tax benefits are as follows:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Balance at beginning of the period$55.4 $52.6 $52.7 $52.1 
Increases (decreases) related to prior year tax positions, net(12.6)5.2 — 0.1 
Other2.0 (0.5)— 0.5 
Reductions due to lapse of applicable statute of limitations(0.4)(1.9)(0.1)— 
Balance the end of the period$44.4 $55.4 $52.6 $52.7 
Schedule of Deferred Tax Assets and Liabilities Significant components of the Company's deferred tax assets and liabilities at December 31 are as follows:
20252024
Deferred tax assets
Accrued expenses$141.9 $139.3 
Warranty accrual9.4 6.5 
Deferred compensation3.7 2.0 
Allowances for doubtful accounts3.4 3.7 
Inventories21.6 17.0 
Deferred revenue24.8 26.7 
Pensions, post-retirement and other benefits46.8 45.5 
Capitalized R&D29.0 29.8 
Tax credits19.5 6.0 
Net operating loss carryforwards83.0 99.8 
Capital loss carryforwards1.3 1.3 
State deferred taxes6.8 7.0 
Lease liability35.6 30.6 
Other— 3.4 
426.8 418.6 
Valuation allowances(177.3)(213.4)
Net deferred tax assets$249.5 $205.2 
Deferred tax liabilities
Property, plant and equipment, net$21.4 $15.4 
Goodwill and intangible assets218.7 226.6 
Undistributed earnings48.6 38.0 
Right-of-use assets37.0 32.0 
Other18.8 0.5 
Net deferred tax liabilities344.5 312.5 
Net deferred tax liabilities$(95.0)$(107.3)
Schedule of Deferred Income Taxes by Balance Sheet Account
Deferred income taxes reported in the consolidated statement of financial position as of December 31 are as follows:
20252024
Deferred income taxes - assets1
$105.7 $69.5 
Deferred income taxes - liabilities(200.7)(176.8)
Net deferred tax liabilities$(95.0)$(107.3)
(1) Includes 0.7 of deferred income taxes for the year ended December 31, 2025, which is included in Other current assets in our Statement of Financial Position.
Schedule of Income Taxes Paid
The amount of cash taxes paid by the Company were as follows:
2025
U.S. federal$2.3 
U.S. state and local1.7
Foreign
Brazil10.0
Malaysia3.4
Netherlands4.2
South Africa4.3
Switzerland3.1
Thailand4.3
Other foreign23.9
Total income taxes paid$57.2 
v3.25.4
INVENTORIES (Tables)
 12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Major Classes of Inventories Major classes of inventories at December 31 are summarized as follows:
20252024
Raw materials and work in process$173.3 $170.3 
Finished goods154.0 183.9 
Total product inventories327.3 354.2 
Service parts193.7 173.9 
Total inventories$521.0 $528.1 
v3.25.4
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Original Cost
Estimated Useful Life
(years)		20252024
Land and land improvements
(1)
$19.3 $17.2 
Buildings and building improvements
15-30
52.4 47.3 
Machinery, tools and equipment
3-12
36.8 32.2 
Leasehold improvements (2)
10
10.5 3.5 
Computer equipment and software
3-10
34.6 18.4 
Furniture and fixtures
5-8
25.5 15.9 
Tooling
5
26.8 21.9 
Construction in progress19.7 13.5 
Less accumulated depreciation(81.0)(41.8)
Right-of use operating lease assets141.4 118.1 
Total property plant and equipment, net$286.0 $246.2 
(1)Estimated useful life for land and land improvements is perpetual and 15 years, respectively.
(2)The estimated useful life for leasehold improvements is the lesser of 10 years or the term of the lease.
Schedule of Operating Lease Expense and Supplemental Information Related to Operating Leases
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Operating Lease Expense20252024
Operating lease expense$71.2 $64.6 $25.3 $41.9 
Variable lease expense$10.5 $11.9 $4.1 $5.2 
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Supplemental Information Related to Operating Leases20252024
Operating cash flows used for operating leases$70.6 $70.5 $30.1 $43.3 
Right-of-use assets obtained in exchange for new lease liabilities$50.5 $59.5 $6.7 $19.2 
Weighted-average remaining lease term4.12.84.8
Weighted-average discount rate7.46 %6.30 %8.30 %
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Finance Lease Expense20252024
Amortization of ROU finance lease assets$6.4 $6.8 $1.9 $2.4 
Interest on lease liabilities$1.6 $1.6 $0.2 $0.5 
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Supplemental Information Related to Finance Leases20252024
Operating cash flows used for finance leases$1.7 $1.6 $0.2 $0.5 
Finance cash flows used for finance leases$6.0 $6.2 $2.2 $2.5 
Right-of-use assets obtained in exchange for new finance lease liabilities$11.9 $5.3 $0.6 $0.6 
Weighted-average remaining lease term7.15.12.5
Weighted-average discount rate7.5 %7.7 %6.6 %
Schedule of Maturity of Operating Lease Liabilities
Maturity of Operating Lease Liabilities20262027202820292030ThereafterTotal
Undiscounted lease payments$60.5 $42.7 $28.8 $16.0 $4.4 $13.1 $165.5 
Less: present value discount(21.8)
Total lease liability as of December 31, 2025$143.7 
v3.25.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The changes in the carrying amount of goodwill are as follows:
BankingRetailTotal
Goodwill balance at January 1, 2024$468.1 $144.2 $612.3 
Currency translation adjustment(19.7)(6.2)(25.9)
Balance at December 31, 2024$448.4 $138.0 $586.4 
Currency translation adjustment42.5 13.5 56.0 
Balance at December 31, 2025$490.9 $151.5 $642.4 
Schedule of Intangible Assets The following summarizes information on intangible assets by major category:
December 31, 2025December 31, 2024
Weighted-average remaining useful livesGross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships15.2 years$584.7 $(79.5)$505.2 $523.8 $(41.1)$482.7 
Trademarks and trade names16.0 years123.3 (16.0)107.3 114.5 (8.5)106.0 
Capitalized software development2.0 years75.6 (18.3)57.3 46.9 (6.1)40.8 
Technology know-how, development costs non-software and other3.8 years240.8 (118.2)122.6 224.5 (75.4)149.1 
Customer relationships and other intangibles$1,024.4 $(232.0)$792.4 $909.7 $(131.1)$778.6 
Schedule of Capitalized Software Development The following table identifies the activity relating to total capitalized software development:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Beginning balance$40.8 $20.9 $13.8 $42.5 
Capitalization27.3 23.0 9.8 13.1 
Amortization(11.3)(3.5)(1.8)(12.4)
Other0.5 0.4 (0.9)(6.1)
Fresh Start Accounting Adjustments— — — (23.3)
Ending balance$57.3 $40.8 $20.9 $13.8 
Schedule of Amortization Expense The expected annual amortization expense is as follows:
20262027202820292030ThereafterTotal
Estimated amortization$89.2 $89.2 $89.2 $77.3 $41.2 $406.3 $792.4 
v3.25.4
PRODUCT WARRANTIES (Tables)
 12 Months Ended
Dec. 31, 2025
Guarantees and Product Warranties [Abstract]  
Schedule of Changes in Warranty Liability Balance Changes in the Company’s warranty liability balance are illustrated in the following table:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Beginning balance$22.5 $28.0 $26.6 $28.3 
Accruals7.2 40.1 16.3 18.8 
Settlements(10.1)(43.7)(14.6)(21.9)
Currency translation0.5 (1.9)(0.3)1.4 
Ending balance$20.1 $22.5 $28.0 $26.6 
v3.25.4
RESTRUCTURING (Tables)
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs The following table summarizes the impact of the Company’s restructuring charges on consolidated statements of operations:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Cost of sales – services$33.8 $24.6 $(1.4)$5.3 
Cost of sales – products8.4 3.2 (1.5)0.8 
Selling and administrative expense47.5 72.0 25.4 29.4 
Research, development and engineering expense2.9 4.6 0.1 1.5 
Impairment of assets and other1.7 1.7 — 1.9 
Total$94.3 $106.1 $22.6 $38.9 
Schedule of Restructuring Accrual Balances and Related Activity
The following table summarizes the Company’s restructuring severance accrual balance and related activity:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Beginning balance$15.9 $10.3 $14.4 $44.2 
Liabilities incurred69.332.85.36.8
Liabilities paid/settled(44.5)(26.9)(9.4)(37.0)
Other0.7(0.3)—0.4
Ending balance$41.4 $15.9 $10.3 $14.4 
v3.25.4
DEBT (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt Balances Outstanding debt balances were as follows:
December 31, 2025December 31, 2024
2030 Senior Secured Notes950.0 950.0 
Other20.7 15.8 
Long-term debt$970.7 $965.8 
Long-term deferred financing fees(32.2)(38.5)
Total outstanding debt$938.5 $927.3 
Schedule of Financing Facilities
Below is a summary of financing facilities information:
Interest Rate
Index and Margin		Maturity/Termination DatesInitial Term (Years)
2030 Senior Secured Notes7.75%March 20305.25
Revolving Credit Facility(i)
SOFR + 2.75%-3.50%
December 20295.00
(i)SOFR with a floor of 0.0%
v3.25.4
SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in the Company’s AOCI, net of tax, by component:
Accumulated Other Comprehensive Income (Loss)Years ended December 31,
20252024
Beginning balance$(111.6)$14.2 
Other comprehensive income before reclassifications(1)
186.1 (125.8)
Currency translation adjustments AOCI$74.5 $(111.6)
Beginning balance$(0.1)$(0.1)
Other comprehensive loss before reclassifications(5.9)— 
Foreign currency hedges AOCI$(6.0)$(0.1)
Beginning balance$(0.1)$— 
Other comprehensive loss before reclassifications— (0.1)
Interest rate hedges AOCI$(0.1)$(0.1)
Beginning balance$(5.7)$(6.1)
Other comprehensive income (loss) before reclassifications0.7 (0.1)
Amounts reclassified from AOCI(2)
15.1 0.5 
Pension and other post-retirement benefits$10.1 $(5.7)
Beginning balance$(0.4)$(0.4)
Other comprehensive loss before reclassifications(0.3)— 
Other$(0.7)$(0.4)
AOCI$77.8 $(117.9)
(1)    Other comprehensive income (loss) before reclassifications within the translation component excludes $(0.8) and $0.3 of translation attributable to noncontrolling interests for the years ended December 31, 2025 and 2024, respectively.
Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the details about amounts reclassified from AOCI:
Year ended December 31,
20252024
Pension and post-retirement benefits(1):
Net prior service benefit amortization (net of tax of $0.1 and $(0.7) , respectively)
0.7 0.2 
Net actuarial gains (losses) recognized during the year (net of tax of $(2.6) and $2.5, respectively)
18.0 (0.9)
Net actuarial gains (losses) recognized due to settlement (net of tax of $0.5 and $3.2, respectively)
(3.6)1.2 
Total reclassifications for the period$15.1 $0.5 
(1)    Pension and other post-retirement benefits AOCI components are included in the computation of net periodic benefit cost in the Statement of Earnings (loss) (refer to Note 13).
v3.25.4
BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Disclosures The following tables set forth the change in benefit obligation, change in plan assets, funded status, consolidated statement of financial position presentation and net periodic benefit cost for the Company’s defined benefit pension plans and other benefits at and for the years ended December 31:
Retirement BenefitsOther Benefits
U.S. PlansNon-U.S. Plans
Change in benefit obligation202520242025202420252024
Benefit obligation at beginning of period$297.1 $362.3 $300.0 $326.1 $3.2 $4.0 
Service cost— — 7.2 6.7 — — 
Interest cost16.4 19.1 9.4 10.3 0.2 0.3 
Actuarial loss (gain)2.3 5.4 (10.2)6.6 0.6 (0.2)
Plan participant contributions— — 1.3 1.2 — — 
Benefits paid(21.8)(21.0)(6.2)(6.8)(0.5)(0.6)
Plan amendments— — (0.8)(0.9)— — 
Special termination benefits— — — 0.5 — — 
Settlements— (68.7)(19.4)(23.5)— — 
Foreign currency impact— — 37.1 (20.2)0.1 (0.3)
Benefit obligation at end of period294.0 297.1 318.4 300.0 3.6 3.2 
Change in plan assets
Fair value of plan assets at beginning of period216.1 301.9 348.5 348.6 — — 
Actual return on plan assets22.6 0.9 19.3 39.1 — — 
Employer contributions2.9 3.0 (0.8)11.3 0.5 0.6 
Plan participant contributions— — 1.3 1.2 — — 
Benefits paid(21.8)(21.0)(6.2)(6.8)(0.5)(0.6)
Foreign currency impact— — 44.7 (21.4)— — 
Settlements— (68.7)(19.4)(23.5)— — 
Fair value of plan assets at end of period219.8 216.1 387.4 348.5 — — 
Funded status$(74.2)$(81.0)$69.0 $48.5 $(3.6)$(3.2)
Net amount recognized in Consolidated Statement of Financial PositionRetirement BenefitsOther Benefits
U.S. PlansNon-U.S. Plans
202520242025202420252024
Noncurrent assets$0.2 $0.1 $114.6 $91.5 $— $— 
Current liabilities3.3 3.2 3.9 3.1 0.5 0.4 
Noncurrent liabilities (1)
71.1 77.9 41.7 39.9 3.1 2.8 
Accumulated other comprehensive income (loss):
Unrecognized net actuarial gain (loss) (2)
(13.1)(19.8)22.5 11.5 (0.8)(0.2)
Unrecognized prior service (cost) benefit (2)
— — 2.3 1.4 — — 
Net amount recognized$61.1 $61.2 $(44.2)$(35.6)$2.8 $3.0 
(1)    Included in the consolidated statement of financial position in pensions, post-retirement and other benefits.
(2)    Represents amounts in accumulated other comprehensive income (loss) that have not yet been recognized as components of net periodic benefit cost.
Net amount recognized in accumulated other comprehensive income (loss)Retirement BenefitsOther Benefits
U.S. PlansNon-U.S. Plans
202520242025202420252024
Balance at beginning of period$(19.8)$(2.1)$12.9 $(6.0)$(0.2)$(0.5)
Prior service credit/loss recognized during the year— — 0.8 0.9 — — 
Net actuarial gains (losses) recognized during the period6.7 (22.7)14.5 19.1 (0.6)0.2 
Net actuarial gains (losses) recognized due to settlement— 5.0 (4.1)(0.6)— — 
Foreign currency impact— — 0.7 (0.5)— 0.1 
Balance at end of period$(13.1)$(19.8)$24.8 $12.9 $(0.8)$(0.2)

Components of net periodic benefit costSuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Interest cost$16.4 $19.1 $7.6 $11.9 
Expected return on plan assets(13.6)(18.1)(6.0)(11.0)
Recognized net actuarial (gain) loss— — — 0.4 
Settlement loss (gain)— 5.0 — — 
Net periodic benefit cost - U.S. Plans$2.8 $6.0 $1.6 $1.3 
Service cost$7.2 $6.7 $2.7 $3.9 
Interest cost9.4 10.3 4.3 7.2 
Expected return on plan assets(14.7)(13.4)(5.2)(8.4)
Amortization of prior service cost(0.2)(0.1)— (0.5)
Recognized net actuarial loss (gain)(3.9)— — (2.2)
Curtailment loss— — — (0.1)
Settlement loss (gain)(0.3)(0.6)0.1 (2.1)
Special termination benefits0.1 0.5 — — 
Net periodic benefit cost - non-U.S. Plans$(2.4)$3.4 $1.9 $(2.2)
Interest cost$0.2 $0.3 $0.1 $0.2 
Recognized net actuarial loss (gain)— — — (0.3)
Net periodic benefit cost - other benefits$0.2 $0.3 $0.1 $(0.1)
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table represents information for pension plans with an accumulated benefit obligation in excess of plan assets at December 31:
U.S. PlansNon-U.S. Plans
2025202420252024
Projected benefit obligation$292.9 $296.1 $185.9 $200.2 
Accumulated benefit obligation$292.9 $296.1 $172.8 $186.3 
Fair value of plan assets$218.5 $215.0 $40.8 $62.6 
Schedule of Assumptions Used
The following table represents the weighted-average assumptions used to determine benefit obligations:
Retirement BenefitsOther Benefits
U.S. PlansNon-U.S. Plans
202520242025202420252024
Pension Benefits - U.S. Plans
Discount rate5.58%5.73%4.91%4.47%8.02%7.28%
Rate of compensation increaseN/AN/A4.45%4.17%N/AN/A
The following table represents the weighted-average assumptions used to determine periodic benefit cost:
Retirement BenefitsOther Benefits
U.S. PlansNon-U.S. Plans
202520242025202420252024
Pension Benefits - U.S. Plans
Discount rate5.73%5.52%4.47%4.87%7.28%6.97%
Expected long-term return on plan assets6.60%6.30%3.58%3.60%N/AN/A
Rate of compensation increaseN/AN/A4.17%4.25%N/AN/A
Schedule of Health Care Cost Trend Rates
The following table represents assumed healthcare cost trend rates:
20252024
Healthcare cost trend rate assumed for next year6.4%6.6%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)4.3%4.2%
Year that rate reaches ultimate trend rate20472047
Schedule of Allocation of Plan Assets
The following table summarizes the Company’s target allocation for these asset classes in 2026, which are readjusted at least quarterly within a defined range for the United States, and the Company’s actual pension plan asset allocation as of December 31, 2025 and 2024:
U.S. PlansNon-U.S. Plans
TargetActualTargetActual
202620252024202620252024
Equity securities41%40%40%54%54%50%
Debt securities50%48%47%24%24%29%
Real estate4%5%6%5%5%7%
Other5%7%7%17%17%14%
Total100%100%100%100%100%100%

The following table summarizes the fair value categorized into a three level hierarchy, based upon the assumptions (inputs) of the Company’s plan assets as of December 31, 2025:
U.S. PlansNon-U.S. Plans
Fair ValueLevel 1Level 2NAVFair ValueLevel 1Level 2NAV
Cash and short-term investments$1.7 $1.7 $— $— $17.2 $16.3 $— $0.9 
Mutual funds1.2 1.2 — — — — — — 
Equity securities
International developed markets— — — — 207.6 207.6 — — 
Fixed income securities
International corporate bonds— — — — 60.9 60.9 — — 
Fixed and index funds— — — — 34.0 25.8 — 8.2 
Common collective trusts
Real estate (a)10.0 — — 10.0 17.5 — 11.8 5.7 
Other (b)189.3 — — 189.3 16.5 — — 16.5 
Alternative investments
Private equity funds (c)17.6 — — 17.6 — — — — 
Other alternative investments (d)— — — — 33.7 0.1 — 33.6 
Fair value of plan assets at end of year$219.8 $2.9 $— $216.9 $387.4 $310.7 $11.8 $64.9 

The following table summarizes the fair value of the Company’s plan assets as of December 31, 2024:
U.S. PlansNon-U.S. Plans
Fair ValueLevel 1Level 2NAVFair ValueLevel 1Level 2NAV
Cash and short-term investments$2.0 $2.0 $— $— $10.6 $9.8 $— $0.8 
Mutual funds1.0 1.0 — — — — — — 
Equity securities
International developed markets— — — — 173.7 173.7 — — 
Fixed income securities
International corporate bonds— — — — 54.1 54.1 — — 
Fixed and index funds— — — — 46.8 46.8 — — 
Common collective trusts
Real estate (a)12.8 — — 12.8 25.8 — 11.9 13.9 
Other (b)184.8 — — 184.8 12.5 — — 12.5 
Alternative investments
Private equity funds (c)15.5 — — 15.5 — — — — 
Other alternative investments (d)— — — — 25.0 0.2 — 24.8 
Fair value of plan assets at end of year$216.1 $3.0 $— $213.1 $348.5 $284.6 $11.9 $52.0 
In 2025 and 2024, the fair value of investments categorized as level 3 represent the plan's interest in private equity, hedge and property funds. The fair value for these assets is determined based on the NAV as reported by the underlying investment managers.

(a) Real estate common collective trust. The objective of the real estate common collective trust (CCT) is to achieve long-term returns through investments in a broadly diversified portfolio of improved properties with stabilized occupancies. As of December 31, 2025, investments in this CCT, for U.S. plans, included approximately 20% office, 28% residential, 10% retail and 42% industrial, cash and other. As of December 31, 2024, investments in this CCT, for U.S. plans, included approximately 16% office, 28% residential, 10% retail and 46% industrial, cash and other. Investments in the real estate CCT can be redeemed once per quarter subject to available cash, with a 30-day notice.

(b) Other common collective trusts. At December 31, 2025, approximately 55% of the other CCTs are invested in fixed income securities including 59% in corporate bonds and 41% in U.S. Treasury and other. Approximately 21% of the other CCTs at December 31, 2025 are invested in Russell 1000 Fund large cap index funds, 12% in International Funds, and approximately 12% in funds, including emerging markets, real assets, and other funds. At December 31, 2024, approximately 55% of the other CCTs are invested in fixed-income securities, including approximately 59% in corporate bonds and 41% in U.S. Treasury and other. Approximately 19% of the other CCTs at December 31, 2024 are invested in Russell 1000 Fund large cap index funds, 14% in International Funds, and approximately 12% in funds, including emerging markets, real assets, and other funds. Investments in all common collective trust securities can be redeemed daily.

(c)    Private equity funds. The objective of the private equity funds is to achieve long-term returns through investments in a diversified portfolio of private equity limited partnerships that offer a variety of investment strategies, targeting low volatility and low correlation to traditional asset classes. As of December 31, 2025 and 2024, investments in these private equity funds include approximately 45% and 38%, respectively, in buyout private equity funds that usually invest in mature companies with established business plans, approximately 25% and 32%, respectively, in special situations private equity and debt funds that focus on niche investment strategies and approximately 30% and 30% respectively, in venture private equity funds that invest in early development or expansion of business. Investments in the private equity fund can be redeemed only with written consent from the general partner, which may or may not be granted. At December 31, 2025 and 2024 the Company had unfunded commitments of underlying funds $1.6 and $1.6, respectively.

(d) Other alternative investments. The Company’s plan assets include a combination of insurance contracts, multi-strategy investment funds and company-owned real estate. The fair value for these assets is determined based on the NAV as reported by the underlying investment manager, insurance companies and the trustees of the contractual trust arrangement.
Schedule of Expected Benefit Payments The following benefit payments, which reflect expected future service, are expected to be paid:
U.S. Pension BenefitsNon-U.S. Pension BenefitsOther Benefits Other Benefits
after Medicare
Part D Subsidy
2026$23.5 $43.9 $0.5 $0.5 
2027$23.8 $23.5 $0.5 $0.5 
2028$23.8 $23.7 $0.4 $0.4 
2029$23.7 $23.5 $0.4 $0.4 
2030$23.6 $22.1 $0.4 $0.7 
2031-2035$113.2 $103.5 $1.7 $1.7 
v3.25.4
FINANCE LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Future Minimum Payments Due from Customers under Finance Lease Receivables Future minimum payments due from customers under finance lease receivables as of December 31, 2025 are as follows:
Future minimum payments receivable20262027202820292030ThereafterTotal
Lease receivables$4.9 $3.7 $3.4 $3.3 $2.7 $4.6 $22.6 
Schedule of Components of Financing Receivables
Components of finance lease receivables20252024
Gross minimum lease receivable$22.6 $18.4 
Allowance for credit losses(0.2)(0.1)
Less: Unearned interest income(1.5)(0.7)
Total$20.9 $17.6 
Schedule of Components of Finance Lease Expense and Supplemental Information Related to Finance Leases
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Operating Lease Expense20252024
Operating lease expense$71.2 $64.6 $25.3 $41.9 
Variable lease expense$10.5 $11.9 $4.1 $5.2 
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Supplemental Information Related to Operating Leases20252024
Operating cash flows used for operating leases$70.6 $70.5 $30.1 $43.3 
Right-of-use assets obtained in exchange for new lease liabilities$50.5 $59.5 $6.7 $19.2 
Weighted-average remaining lease term4.12.84.8
Weighted-average discount rate7.46 %6.30 %8.30 %
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Finance Lease Expense20252024
Amortization of ROU finance lease assets$6.4 $6.8 $1.9 $2.4 
Interest on lease liabilities$1.6 $1.6 $0.2 $0.5 
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Supplemental Information Related to Finance Leases20252024
Operating cash flows used for finance leases$1.7 $1.6 $0.2 $0.5 
Finance cash flows used for finance leases$6.0 $6.2 $2.2 $2.5 
Right-of-use assets obtained in exchange for new finance lease liabilities$11.9 $5.3 $0.6 $0.6 
Weighted-average remaining lease term7.15.12.5
Weighted-average discount rate7.5 %7.7 %6.6 %
Schedule of Maturity of Finance Lease Liabilities
Maturity of Finance Lease Liabilities20262027202820292030ThereafterTotal
Undiscounted lease payments$7.9 $6.6 $4.9 $3.1 $2.2 $10.1 $34.8 
Less: present value discount(8.0)
Total lease liability as of December 31, 2025$26.8 
v3.25.4
NOTE 17: FINANCIAL INSTRUMENTS AND FAIR VALUE (Tables)
 12 Months Ended
Dec. 31, 2025
Financial Instruments and Fair Value [Abstract]  
Schedule of Assets and Liabilities Not Carried at Fair Value The following table provides information about assets and liabilities not carried at fair value and excludes asset and liabilities without readily determinable fair value.
 December 31, 2025December 31, 2024
 Carrying amountEstimated fair valueCarrying amount (net)Estimated fair value
LiabilitiesBorrowings (Note 11)$970.7 $1,030.1 $966.0 $987.4 
Schedule of Fair Value of Derivative Instruments The following table presents the fair value of our derivative instruments and identifies the statement of financial position line items in which these amounts are included. All fair values are presented on a gross basis, consistent with the Company's policy to not elect to net derivative assets and liabilities that are subject to master netting agreements:
December 31, 2025
Gross notionalOther current assetsOther current liabilities
Designated forward currency exchange contracts1
$417.3 $1.0 $(2.3)
Non-Designated forward exchange contracts2
$777.7 2.2(2.1)
Net derivatives recognized in statement of financial position$3.2 $(4.4)
1 Gains (losses) in our Other comprehensive Income (loss) driven by net investment hedges was $5.9 for the year ended December 31, 2025, respectively.
2 Gains (losses) in our Statement of Earnings (loss) driven by hedges of foreign exchange fluctuation was $2.0 for the year ended December 31, 2025, respectively. These amounts are offset by the remeasurement of the underlying exposure through foreign exchange gain or loss, net on the Statement of Earnings.
v3.25.4
COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Cash and Cash Equivalents The following table provides a reconciliation of Cash, cash equivalents and Short-term and Long-term restricted cash reporting within the Company's Consolidated Statement of Financial Position and in the Consolidated Statements of Cash Flows:
December 31, 2025December 31, 2024
Cash and cash equivalents$368.9 $296.2 
Bank collateral guarantees10.7 8.2 
Pension collateral guarantees7.7 6.9 
Restricted cash and cash equivalents18.4 15.1 
Total cash, cash equivalents, and restricted cash$387.3 $311.3 
v3.25.4
REVENUE RECOGNITION (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue Recognition and Deferred Revenue [Abstract]  
Schedule of Disaggregation of Revenue The following table represents the percentage of revenue recognized either at a point in time or over the periods presented:
20252024
Timing of revenue recognition
Products transferred at a point in time43%43%
Products and services transferred over time57%57%
Net sales100%100%
Schedule of Receivables and Deferred Revenue from Contracts with Customers The following table provides information about receivables and deferred revenue, which represent contract liabilities from contracts with customers:
20252024
Contract balance informationTrade ReceivablesContract liabilitiesTrade ReceivablesContract liabilities
Balance at January 1$588.5 $320.7 $721.8 $376.2 
Balance at December 31$609.4 $325.8 $588.5 $320.7 
v3.25.4
SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information The following tables present information regarding the Company’s segment performance and provide a reconciliation between segment operating profit and the consolidated Income before taxes:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Banking$2,797.0 $2,762.8 $1,157.6 $1,511.0 
Retail1,008.7 988.3 469.3 610.0 
Held for sale non-core European retail business (7)
— — 1.7 10.9 
Total net sales by segment$3,805.7 $3,751.1 $1,628.6 $2,131.9 
Banking$2,040.3 $2,058.3 $858.5 $1,149.5 
Retail762.0 744.5 347.2 462.4 
Total segment cost of sales$2,802.3 $2,802.8 $1,205.7 $1,611.9 
  Banking$756.7 $704.5 $299.1 $361.5 
  Retail246.7 243.8123.8 158.5 
Total segment gross profit$1,003.4 $948.3 $422.9 $520.0 
Banking$250.1 $253.8 $143.8 $149.9 
Retail121.8 121.965.2 72.3 
Total segment SG&A and other operating expenses$371.9 $375.7 $209.0 $222.2 
Banking$506.6 $450.7 $155.3 $211.6 
Retail124.9 121.9 58.6 86.2 
Total segment operating profit$631.5 $572.6 $213.9 $297.8 
Corporate charges not allocated to segments (1)
$(295.1)$(265.4)$(86.3)$(159.8)
Restructuring and other saving initiative expenses (2)
(94.3)(106.1)(23.1)(38.4)
Refinancing related costs (3)
— (15.8)(5.1)(44.7)
Impairment of assets (4)
— (1.9)(1.2)(3.3)
Net non-routine expense (5)
(0.1)(1.3)(4.8)(7.4)
Amortization of fair value assets (6)
— — — (41.8)
Held for sale non-core European retail business (7)
— — (1.0)(7.9)
(389.5)(390.5)(121.5)(303.3)
Operating profit (loss)242.0 182.1 92.4 (5.5)
Other income (expense)(116.9)(134.8)(96.9)1,458.3 
Income (loss) before taxes$125.1 $47.3 $(4.5)$1,452.8 

(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.
(2)    Refer to Note 10 for further information regarding restructurings. Consistent with the historical reportable segment structure, restructuring and saving initiative costs are not assigned to the segments, and are separately analyzed by the CODM.
(3)    Refinancing related costs are fees earned by our advisors that have been accounted for as period expense.
(4)    Impairment in the 2024 Successor Period relates to assets identified in the Middle East with a carrying value over market value, 2023 Successor Period relates to German and Indian facilities, and impairment in the 2023 Predecessor Period primarily relates to leased European facilities closures.
(5)    Net non-routine income (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.
(6)    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.
(7)    Held for sale non-core European retail business represents the revenue and operating profit of a business that had been classified as held for sale in the Predecessor period and sold in September 2023.
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:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
Services$1,608.6 $1,587.4 $626.9 $954.3 
Products1,188.4 1,175.4 530.7 556.7 
Total Banking$2,797.0 $2,762.8 $1,157.6 $1,511.0 
Services$560.3 $563.0 $230.4 $335.2 
Products448.4 425.3 238.9 274.8 
Total Retail$1,008.7 $988.3 $469.3 $610.0 
Services$— $— $1.1 $5.5 
Products— — 0.6 5.4 
Total held for sale non-core European retail business (7)
— — 1.7 10.9 
Total revenue$3,805.7 $3,751.1 $1,628.6 $2,131.9 
Schedule of 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:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
20252024
United States$902.3 $945.4 $404.1 $583.9 
Other Americas558.3 706.9 290.0 380.9 
Total Americas Revenue1,460.6 1,652.3 694.1 964.8 
Germany724.4 577.2 248.2 283.9 
Other EMEA1,327.1 1,236.2 553.2 714.2 
Total EMEA Revenue2,051.5 1,813.4 801.4 998.1 
Total APAC Revenue293.6 285.4 133.1 169.0 
Total Revenue$3,805.7 $3,751.1 $1,628.6 $2,131.9 

Below is a summary of property, plant and equipment, net and right-of-use operating lease assets by geographical location as of December 31:
20252024
United States$89.6 $71.8 
Germany87.3 78.3 
Other international109.1 96.1 
Total property, plant and equipment, net and operating leases$286.0 $246.2 
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
renewal_option
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Summary of Significant Accounting Policies [Abstract]      
Number of renewal options | renewal_option 1    
Trade receivables $ 609.4 $ 588.5 $ 721.8
Accounts payable 431.1 460.2  
Related party      
Summary of Significant Accounting Policies [Abstract]      
Trade receivables 11.0    
Accounts payable $ 22.2    
Inspur JV      
Summary of Significant Accounting Policies [Abstract]      
Equity method investment, ownership percentage 48.10%    
Aisino JV      
Summary of Significant Accounting Policies [Abstract]      
Equity method investment, ownership percentage 49.00%    
Certificates of Deposit      
Summary of Significant Accounting Policies [Abstract]      
Cost basis and fair value of these investments $ 29.1 $ 16.9  
Minimum      
Summary of Significant Accounting Policies [Abstract]      
Operating lease, term 1 year    
Finance lease term 1 year    
Finance lease, renewal term 6 months    
Operating lease, renewal term 6 months    
Maximum      
Summary of Significant Accounting Policies [Abstract]      
Operating lease, term 15 years    
Finance lease term 15 years    
Finance lease, renewal term 15 years    
Operating lease, renewal term 15 years    
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Allowances for Doubtful Accounts (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance $ 0.0 $ 34.5 $ 10.9 $ 3.6
Charged to costs and expenses 8.0 16.6 19.2 17.8
Charged to other accounts (0.2) (0.3) (1.4) (1.2)
Deductions (4.2) (14.7) (22.7) (9.3)
Fresh Start Accounting adjustment 0.0 (36.1) 0.0 0.0
Ending balance $ 3.6 $ 0.0 $ 6.0 $ 10.9
v3.25.4
EARNINGS (LOSS) PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Earnings used in basic and diluted earnings per share        
Net income (loss) $ 14.7 $ 1,361.9 $ 97.5 $ (14.5)
Net income (loss) income attributable to noncontrolling interests 1.3 (0.8) 2.9 2.0
Net income (loss) attributable to Diebold Nixdorf $ 13.4 $ 1,362.7 $ 94.6 $ (16.5)
Weighted-average common shares in basic earnings (loss) per share (in shares) 37.6 79.7 36.8 37.6
Effect of dilutive shares (in shares) 0.0 1.7 0.4 0.0
Weighted-average number of shares used in diluted earnings (loss) per share (in shares) 37.6 81.4 37.2 37.6
Net income (loss) attributable to Diebold Nixdorf        
Basic earnings per share (in dollars per share) $ 0.36 $ 17.10 $ 2.57 $ (0.44)
Diluted earnings (loss) per share (in dollars per share) $ 0.36 $ 16.74 $ 2.54 $ (0.44)
Anti-dilutive shares        
Anti-dilutive shares not used in calculating diluted weighted-average shares (in shares) 0.0 2.1 0.1 1.1
v3.25.4
SHARE-BASED COMPENSATION - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Shares authorized (in shares)     2,400,000  
Shares available for grant (in shares)     600,000  
Exercise price (in dollars per share) $ 30.00   $ 0  
Granted (in shares)     0  
Cash based liability awards expense $ 1.8 $ 3.8 $ 14.7 $ 11.6
Employee Stock Option        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period     4 years  
Expiration period 5 years      
Employee Stock Option | Minimum        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period 1 year      
Employee Stock Option | Maximum        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period 4 years      
Restricted Stock Units        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period 1 year      
Number of common shares issued (in shares)     1  
Total fair value of awards vested $ 0.0 $ 8.2 $ 6.1 $ 2.0
Restricted Stock Units | Minimum        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period 3 years      
Restricted Stock Units | Maximum        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period 4 years      
Liability awards        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period     3 years  
v3.25.4
SHARE-BASED COMPENSATION - Share-based Compensation Expense (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Pre-tax compensation expense $ 0.1 $ 2.4 $ 12.1 $ 9.7
Acceleration of Predecessor awards 0.0 2.7 0.0 0.0
Tax benefit 0.0 (1.2) (2.2) (2.2)
Total share-based compensation, net of tax 0.1 3.9 9.9 7.5
Stock options        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Pre-tax compensation expense 0.1 0.0 3.4 4.1
Tax benefit 0.0 0.0 (0.7) (0.9)
Total share-based compensation, net of tax 0.1 0.0 2.7 3.2
Unvested stock option awards     $ 6.1  
Weighted average period     1 year 8 months 12 days  
Restricted Stock Units (RSUs)        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Pre-tax compensation expense 0.0 2.3 $ 8.7 5.6
Acceleration of Predecessor awards 0.0 2.7 0.0 0.0
Tax benefit 0.0 (1.2) (1.5) (1.3)
Total share-based compensation, net of tax 0.0 3.8 7.2 4.3
Unvested stock option awards     $ 14.3  
Weighted average period     1 year 4 months 24 days  
Performance Shares        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Pre-tax compensation expense 0.0 0.1 $ 0.0 0.0
Total share-based compensation, net of tax $ 0.0 $ 0.1 $ 0.0 $ 0.0
v3.25.4
SHARE-BASED COMPENSATION - Schedule of Weighted Average Grant-Date Fair Value for Stock Option and RSU Awards (Details) - $ / shares
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Stock options (in dollars per share) $ 4.73 $ 0 $ 0 $ 12.41
Restricted Stock Units        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
RSU's (in dollars per share) $ 29.00 $ 0 $ 44.53 $ 34.66
v3.25.4
SHARE-BASED COMPENSATION - Fair Value Assumptions (Details) - Employee Stock Option
 5 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Risk free rates 3.94% 4.19%
Dividend rate 0.00% 0.00%
Volatility rate 65.00% 47.16%
Expected life (in years) 3 years 9 months 3 years 11 months 12 days
v3.25.4
SHARE-BASED COMPENSATION - Stock Options Outstanding and Exercisable (Details) - USD ($)
$ / shares in Units, $ in Millions
 5 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2025
Number of Shares    
Beginning balance (in shares)   1,100,000
Expired or forfeited (in shares)   (100,000)
Exercised (in shares)   0
Granted (in shares)   0
Ending balance (in shares)   1,000,000.0
Options exercisable (in shares)   300,000
Weighted-Average Exercise Price (per share)    
Beginning balance (in dollars per share)   $ 31.58
Expired or forfeited (in dollars per share)   30.00
Exercised (in dollars per share)   0
Granted (in dollars per share) $ 30.00 0
Ending balance (in dollars per share)   31.73
Options exercisable (in dollars per share)   $ 30.00
Weighted-Average Remaining Contractual Term (in years)    
Outstanding   5 years 6 months
Options exercisable   2 years 8 months 12 days
Aggregate Intrinsic Value    
Outstanding   $ 0.0
Options exercisable   $ 0.0
v3.25.4
SHARE-BASED COMPENSATION - Restricted Stock Unit Activity (Details) - Restricted Stock Units - $ / shares
shares in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]        
Beginning balance (in shares)     0.6  
Expired or forfeited (in shares)     (0.1)  
Exercised (in shares)     (0.2)  
Granted (in shares)     0.2  
Ending balance (in shares)     0.5 0.6
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]        
Beginning balance (in dollars per share)     $ 32.60  
Expired or Forfeited (in dollars per share)     33.22  
Vested (in dollars per share)     33.21  
Granted (in dollars per share) $ 29.00 $ 0 44.53 $ 34.66
Ending balance (in dollars per share)     $ 37.66 $ 32.60
v3.25.4
INCOME TAXES - Income (Loss) From Operations Before Taxes (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]        
Domestic $ (67.1) $ 797.1 $ (206.3) $ (195.8)
Foreign 62.6 655.7 331.4 243.1
Income (loss) before taxes $ (4.5) $ 1,452.8 $ 125.1 $ 47.3
v3.25.4
INCOME TAXES - Income Tax Expense (Benefit) (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Current        
U.S. federal $ (1.5) $ (3.7) $ (0.6) $ 6.8
Foreign 33.0 14.4 72.8 59.1
State and local (0.4) 0.0 0.0 6.5
Total current 31.1 10.7 72.2 72.4
Deferred        
U.S. federal (27.1) 29.5 (18.9) (15.7)
Foreign (11.7) 42.0 (26.5) 11.6
State and local (7.0) 8.2 (2.7) (4.0)
Total deferred (45.8) 79.7 (48.1) (8.1)
Income tax expense (benefit) $ (14.7) $ 90.4 $ 24.1 $ 64.3
v3.25.4
INCOME TAXES - Income Tax Expense (Benefit) Attributable to Income (Loss) from Operations (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Total        
Earnings from continuing operations, before income tax expense $ (4.5) $ 1,452.8 $ 125.1 $ 47.3
Statutory tax expense (benefit) (0.9) 305.1 26.3 9.9
State and local income taxes (5.1) 8.4 (2.7) 2.2
U.S. taxed foreign income - Subpart F     7.5  
U.S. taxed foreign income - GILTI     48.3  
Foreign tax credits     (37.7)  
Foreign exchange gain (loss)     (2.1)  
Other tax credits     (1.1)  
Changes in valuation allowances 1.1 (194.0) (11.8) 6.6
Non-deductible compensation     2.4  
Non-deductible interest expense     5.1  
Other 16.2 65.8 (1.2) 17.2
Other adjustments 0.1 (2.2) 1.1 0.1
Foreign tax rate differential 1.5 47.3   17.4
Change to uncertain tax positions 0.0 (1.8) (13.6) (3.2)
Income tax expense (benefit) $ (14.7) $ 90.4 $ 24.1 $ 64.3
%        
Federal statutory income tax rate     21.00%  
State and local income taxes     (2.10%)  
U.S. taxed foreign income - Subpart F     6.00%  
U.S. taxed foreign income - GILTI     38.60%  
Foreign tax credits     (30.20%)  
Foreign exchange gain (loss)     1.70%  
Other tax credits     (0.90%)  
Changes in valuation allowances     (9.40%)  
Non-deductible compensation     1.90%  
Non-deductible interest expense     4.00%  
Other     (0.90%)  
Other adjustments     0.90%  
Changes in unrecognized tax benefits     (10.80%)  
Effective income tax rate reconciliation, percent 326.70% 6.20% 19.30% 135.90%
Brazil        
Total        
Other adjustments     $ (0.7)  
Foreign tax rate differential     3.6  
Tax on undistributed earnings of subsidiaries     $ 11.4  
%        
Other adjustments     (0.60%)  
Effect of rates different than statutory     2.90%  
Tax on undistributed earnings of subsidiaries     9.10%  
Canada        
Total        
State and local income taxes     $ (2.1)  
Changes in valuation allowances     (3.9)  
Other adjustments     $ 1.8  
%        
State and local income taxes     (1.70%)  
Changes in valuation allowances     (3.10%)  
Other adjustments     1.50%  
Germany        
Total        
State and local income taxes     $ 22.9  
Other adjustments     0.9  
Foreign tax rate differential     (7.6)  
Enactment of new tax laws     $ (18.7)  
%        
State and local income taxes     18.30%  
Other adjustments     0.70%  
Effect of rates different than statutory     (6.00%)  
Enactment of new tax laws     (14.90%)  
Mexico        
Total        
Changes in valuation allowances     $ (17.5)  
Other adjustments     $ 1.8  
%        
Changes in valuation allowances     (14.00%)  
Other adjustments     1.40%  
Netherlands        
Total        
Non-deductible interest expense     $ 2.4  
Other adjustments     $ 1.0  
%        
Non-deductible interest expense     1.90%  
Other adjustments     0.80%  
Switzerland        
Total        
State and local income taxes     $ 4.1  
Other adjustments     (0.4)  
Foreign tax rate differential     $ (4.6)  
%        
State and local income taxes     3.30%  
Other adjustments     (0.30%)  
Effect of rates different than statutory     (3.70%)  
Thailand        
Total        
Foreign tax rate differential     $ 2.1  
%        
Effect of rates different than statutory     1.70%  
Turkey        
Total        
Changes in valuation allowances     $ 2.5  
Other adjustments     $ (1.4)  
%        
Changes in valuation allowances     2.00%  
Other adjustments     (1.10%)  
Other foreign jurisdictions        
Total        
Foreign tax rate differential     $ 6.0  
%        
Effect of rates different than statutory     4.80%  
v3.25.4
INCOME TAXES - Income Tax Reconciliation (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]        
Federal statutory income tax rate     21.00%  
Statutory tax expense (benefit) $ (0.9) $ 305.1 $ 26.3 $ 9.9
State and local taxes (net of federal tax benefit) (5.1) 8.4 (2.7) 2.2
Brazil non-taxable incentive (3.3) (0.6)   0.0
Valuation allowances 1.1 (194.0) (11.8) 6.6
Foreign tax rate differential 1.5 47.3   17.4
Tax on unremitted foreign earnings 1.5 6.8   (3.5)
Change to uncertain tax positions 0.0 (1.8) (13.6) (3.2)
U.S. taxed foreign income (9.2) 23.6   6.3
Non-deductible (non-taxable) items 16.2 65.8 (1.2) 17.2
Reorganization/Fresh Start reporting (21.5) (170.9)   0.0
Prior year deferred true up 1.0 (6.1)   (1.5)
Return to provision (1.2) 8.4   3.6
Withholding tax and other taxes 5.1 0.6   9.2
Other 0.1 (2.2) 1.1 0.1
Income tax expense (benefit) $ (14.7) $ 90.4 $ 24.1 $ 64.3
v3.25.4
INCOME TAXES - Narrative (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2022
Income Tax Disclosures [Line Items]          
Effective income tax rate reconciliation, percent 326.70% 6.20% 19.30% 135.90%  
Unrecognized tax benefits $ 52.6 $ 52.7 $ 44.4 $ 55.4 $ 52.1
Unrecognized tax benefits that would affect the effective tax rate     4.4    
Unrecognized tax benefits that would not affect the effective tax rate     40.0    
Income tax penalties and interest accrued     0.4 0.9  
Deferred income taxes (Note 5)     105.7 69.5  
Operating loss carryforwards     491.7    
NOL deferred tax asset     93.6    
Operating loss carryforwards, set to expire     222.9    
Operating loss carryforwards, no expiration     268.8    
Increase (decrease) in valuation allowance     (36.1) (20.2)  
Income tax expense (benefit) $ (14.7) $ 90.4 24.1 $ 64.3  
Other current assets          
Income Tax Disclosures [Line Items]          
Deferred income taxes (Note 5)     0.7    
U.S. Foreign And State Authority          
Income Tax Disclosures [Line Items]          
Income tax expense (benefit)     40.9    
Income tax effects allocated directly to equity     $ 4.8    
v3.25.4
INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Unrecognized Tax Benefits [Roll Forward]        
Balance at beginning of the period $ 52.7 $ 52.1 $ 55.4 $ 52.6
Increases (decreases) related to prior year tax positions, net     (12.6)  
Increases (decreases) related to prior year tax positions, net 0.0 0.1   5.2
Other 0.0 0.5 2.0  
Other       (0.5)
Reductions due to lapse of applicable statute of limitations (0.1) 0.0 (0.4) (1.9)
Balance the end of the period $ 52.6 $ 52.7 $ 44.4 $ 55.4
v3.25.4
INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets    
Accrued expenses $ 141.9 $ 139.3
Warranty accrual 9.4 6.5
Deferred compensation 3.7 2.0
Allowances for doubtful accounts 3.4 3.7
Inventories 21.6 17.0
Deferred revenue 24.8 26.7
Pensions, post-retirement and other benefits 46.8 45.5
Capitalized R&D 29.0 29.8
Tax credits 19.5 6.0
Net operating loss carryforwards 83.0 99.8
Capital loss carryforwards 1.3 1.3
State deferred taxes 6.8 7.0
Lease liability 35.6 30.6
Other 0.0 3.4
Deferred tax assets, gross 426.8 418.6
Valuation allowances (177.3) (213.4)
Net deferred tax assets 249.5 205.2
Deferred tax liabilities    
Property, plant and equipment, net 21.4 15.4
Goodwill and intangible assets 218.7 226.6
Undistributed earnings 48.6 38.0
Right-of-use assets 37.0 32.0
Other 18.8 0.5
Net deferred tax liabilities 344.5 312.5
Net deferred tax liabilities $ (95.0) $ (107.3)
v3.25.4
INCOME TAXES - Deferred Taxes By Balance Sheet Account (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]    
Deferred income taxes - assets $ 105.7 $ 69.5
Deferred income taxes - liabilities (200.7) (176.8)
Net deferred tax liabilities $ (95.0) $ (107.3)
v3.25.4
INCOME TAXES - Income Taxes Paid (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Effective Income Tax Rate Reconciliation [Line Items]        
U.S. federal     $ 2.3  
U.S. state and local     1.7  
Total income taxes paid $ 21.4 $ 25.2 57.2 $ 56.1
Brazil        
Effective Income Tax Rate Reconciliation [Line Items]        
Foreign     10.0  
Malaysia        
Effective Income Tax Rate Reconciliation [Line Items]        
Foreign     3.4  
Netherlands        
Effective Income Tax Rate Reconciliation [Line Items]        
Foreign     4.2  
South Africa        
Effective Income Tax Rate Reconciliation [Line Items]        
Foreign     4.3  
Switzerland        
Effective Income Tax Rate Reconciliation [Line Items]        
Foreign     3.1  
Thailand        
Effective Income Tax Rate Reconciliation [Line Items]        
Foreign     4.3  
Other foreign jurisdictions        
Effective Income Tax Rate Reconciliation [Line Items]        
Foreign     $ 23.9  
v3.25.4
INVENTORIES (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Inventory [Line Items]    
Raw materials and work in process $ 173.3 $ 170.3
Finished goods 154.0 183.9
Service parts 193.7 173.9
Total inventories 521.0 528.1
Products    
Inventory [Line Items]    
Total inventories $ 327.3 $ 354.2
v3.25.4
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES - Schedule of Property, Plant and Equipment (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Less accumulated depreciation $ (81.0) $ (41.8)
Right-of-use operating lease assets 141.4 118.1
Total property plant and equipment, net $ 286.0 $ 246.2
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Total property plant and equipment, net Total property plant and equipment, net
Land and land improvements    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 15 years  
Total property plant and equipment, at cost $ 19.3 $ 17.2
Buildings and building improvements    
Property, Plant and Equipment [Line Items]    
Total property plant and equipment, at cost $ 52.4 47.3
Buildings and building improvements | Minimum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 15 years  
Buildings and building improvements | Maximum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 30 years  
Machinery, tools and equipment    
Property, Plant and Equipment [Line Items]    
Total property plant and equipment, at cost $ 36.8 32.2
Machinery, tools and equipment | Minimum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 3 years  
Machinery, tools and equipment | Maximum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 12 years  
Leasehold improvements    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 10 years  
Total property plant and equipment, at cost $ 10.5 3.5
Computer equipment and software    
Property, Plant and Equipment [Line Items]    
Total property plant and equipment, at cost $ 34.6 18.4
Computer equipment and software | Minimum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 3 years  
Computer equipment and software | Maximum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 10 years  
Furniture and fixtures    
Property, Plant and Equipment [Line Items]    
Total property plant and equipment, at cost $ 25.5 15.9
Furniture and fixtures | Minimum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 5 years  
Furniture and fixtures | Maximum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 8 years  
Tooling    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life (years) 5 years  
Total property plant and equipment, at cost $ 26.8 21.9
Construction in progress    
Property, Plant and Equipment [Line Items]    
Total property plant and equipment, at cost $ 19.7 $ 13.5
v3.25.4
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES - Narrative (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]        
Depreciation $ 16.2 $ 18.3 $ 33.1 $ 29.5
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]     Other current liabilities Other current liabilities
Operating lease liability, current     $ 51.8 $ 43.3
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]     Other Liabilities, Noncurrent Other Liabilities, Noncurrent
Operating lease liabilities, noncurrent     $ 91.9 $ 76.3
v3.25.4
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES - Schedule of Operating Lease Expense (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]        
Operating lease expense $ 25.3 $ 41.9 $ 71.2 $ 64.6
Variable lease expense $ 4.1 $ 5.2 $ 10.5 $ 11.9
v3.25.4
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES - Schedule of Maturity of Operating Lease Liabilities (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Property, Plant and Equipment [Abstract]  
2026 $ 60.5
2027 42.7
2028 28.8
2029 16.0
2030 4.4
Thereafter 13.1
Total 165.5
Less: present value discount (21.8)
Total lease liability $ 143.7
v3.25.4
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES - Schedule of Supplemental Information Related to Operating Leases (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]        
Operating cash flows used for operating leases $ 30.1 $ 43.3 $ 70.6 $ 70.5
Right-of-use assets obtained in exchange for new lease liabilities $ 6.7 $ 19.2 $ 50.5 $ 59.5
Weighted-average remaining lease term 4 years 9 months 18 days   4 years 1 month 6 days 2 years 9 months 18 days
Weighted-average discount rate 8.30%   7.46% 6.30%
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Goodwill [Roll Forward]    
Beginning balance $ 586.4 $ 612.3
Currency translation adjustment 56.0 (25.9)
Ending balance 642.4 586.4
Banking    
Goodwill [Roll Forward]    
Beginning balance 448.4 468.1
Currency translation adjustment 42.5 (19.7)
Ending balance 490.9 448.4
Retail    
Goodwill [Roll Forward]    
Beginning balance 138.0 144.2
Currency translation adjustment 13.5 (6.2)
Ending balance $ 151.5 $ 138.0
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 1,024.4 $ 909.7
Accumulated Amortization (232.0) (131.1)
Net Carrying Amount $ 792.4 778.6
Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 15 years 2 months 12 days  
Gross Carrying Amount $ 584.7 523.8
Accumulated Amortization (79.5) (41.1)
Net Carrying Amount $ 505.2 482.7
Trademarks and trade names    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 16 years  
Gross Carrying Amount $ 123.3 114.5
Accumulated Amortization (16.0) (8.5)
Net Carrying Amount $ 107.3 106.0
Capitalized software development    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 2 years  
Gross Carrying Amount $ 75.6 46.9
Accumulated Amortization (18.3) (6.1)
Net Carrying Amount $ 57.3 40.8
Technology know-how, development costs non-software and other    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 3 years 9 months 18 days  
Gross Carrying Amount $ 240.8 224.5
Accumulated Amortization (118.2) (75.4)
Net Carrying Amount $ 122.6 $ 149.1
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Goodwill [Line Items]        
Amortization $ 42.8 $ 59.0 $ 94.4 $ 103.7
Minimum | Capitalized software development        
Goodwill [Line Items]        
Estimated useful lives     3 years  
Maximum | Capitalized software development        
Goodwill [Line Items]        
Estimated useful lives     5 years  
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Schedule of Capitalized Software Development (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Movement in Capitalized Computer Software, Net [Roll Forward]        
Beginning balance $ 13.8 $ 42.5 $ 40.8 $ 20.9
Capitalization 9.8 13.1 27.3 23.0
Amortization (1.8) (12.4) (11.3) (3.5)
Other (0.9) (6.1) 0.5 0.4
Fresh Start Accounting Adjustments 0.0 (23.3) 0.0 0.0
Ending balance $ 20.9 $ 13.8 $ 57.3 $ 40.8
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Schedule of Amortization Expense (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2026 $ 89.2
2027 89.2
2028 89.2
2029 77.3
2030 41.2
Thereafter 406.3
Total $ 792.4
v3.25.4
PRODUCT WARRANTIES (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Changes in warranty liability balance        
Beginning balance $ 26.6 $ 28.3 $ 22.5 $ 28.0
Accruals 16.3 18.8 7.2 40.1
Settlements (14.6) (21.9) (10.1) (43.7)
Currency translation (0.3) 1.4 0.5 (1.9)
Ending balance $ 28.0 $ 26.6 $ 20.1 $ 22.5
v3.25.4
RESTRUCTURING - Narrative (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 22.6 $ 38.9 $ 94.3 $ 106.1
Operational Evolution Program (OEP)        
Restructuring Cost and Reserve [Line Items]        
Expected costs to be incurred     80.0  
Restructuring charges     26.9  
Continuous Improvement Initiative        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges     67.4  
Banking | Operational Evolution Program (OEP)        
Restructuring Cost and Reserve [Line Items]        
Expected costs to be incurred     25.0  
Restructuring charges     10.0  
Banking | Continuous Improvement Initiative        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges     15.4  
Retail | Operational Evolution Program (OEP)        
Restructuring Cost and Reserve [Line Items]        
Expected costs to be incurred     13.0  
Restructuring charges     2.9  
Retail | Continuous Improvement Initiative        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges     $ 13.9  
v3.25.4
RESTRUCTURING - Schedule of Restructuring and Related Costs (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 22.6 $ 38.9 $ 94.3 $ 106.1
Services        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ (1.4) $ 5.3 $ 33.8 $ 24.6
Restructuring charges, location Total cost of sales Total cost of sales Total cost of sales Total cost of sales
Products        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ (1.5) $ 0.8 $ 8.4 $ 3.2
Restructuring charges, location Total cost of sales Total cost of sales Total cost of sales Total cost of sales
Selling and administrative expense        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 25.4 $ 29.4 $ 47.5 $ 72.0
Restructuring charges, location Selling, General and Administrative Expense Selling, General and Administrative Expense Selling, General and Administrative Expense Selling, General and Administrative Expense
Research, development and engineering expense        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 0.1 $ 1.5 $ 2.9 $ 4.6
Restructuring charges, location Research and Development Expense Research and Development Expense Research and Development Expense Research and Development Expense
Impairment of assets and other        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 0.0 $ 1.9 $ 1.7 $ 1.7
Restructuring charges, location Gain (Loss) on Sale of Assets and Asset Impairment Charges Gain (Loss) on Sale of Assets and Asset Impairment Charges Gain (Loss) on Sale of Assets and Asset Impairment Charges Gain (Loss) on Sale of Assets and Asset Impairment Charges
v3.25.4
RESTRUCTURING - Schedule of Restructuring Accrual Balances and Related Activity (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Restructuring Reserve [Roll Forward]          
Liabilities incurred   $ 22.6 $ 38.9 $ 94.3 $ 106.1
Severance          
Restructuring Reserve [Roll Forward]          
Beginning balance   14.4 44.2 15.9 10.3
Liabilities incurred $ 5.3   6.8 69.3 32.8
Liabilities paid/settled (9.4)   (37.0) (44.5) (26.9)
Other 0.0   0.4 0.7 (0.3)
Ending balance $ 10.3 $ 10.3 $ 14.4 $ 41.4 $ 15.9
v3.25.4
DEBT - Schedule of Outstanding Debt Balances (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Long-term debt, gross $ 970.7 $ 965.8
Long-term deferred financing fees (32.2) (38.5)
Total outstanding debt 938.5 927.3
2030 Senior Secured Notes | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt, gross 950.0 950.0
Other    
Debt Instrument [Line Items]    
Long-term debt, gross $ 20.7 $ 15.8
v3.25.4
DEBT - 2024 Refinancing Activities (Details) - 2030 Senior Secured Notes - Senior Notes
$ in Millions
Dec. 18, 2024
USD ($)
Line of Credit Facility [Line Items]  
Principal amount $ 950.0
Interest rate 7.75%
v3.25.4
DEBT - Revolving Credit Agreement (Details) - USD ($)
 12 Months Ended
Dec. 18, 2024
Dec. 31, 2025
Dec. 31, 2024
Line of Credit Facility [Line Items]      
Long-term debt   $ 938,500,000 $ 927,300,000
Revolving Facility | 2029 Revolving Facility | Line of Credit      
Line of Credit Facility [Line Items]      
Line of credit facility, maximum borrowing capacity $ 310,000,000.0    
Long-term debt   $ 0 $ 0
Revolving Facility | 2029 Revolving Facility | Line of Credit | Minimum      
Line of Credit Facility [Line Items]      
Basis spread rate   2.75%  
Revolving Facility | 2029 Revolving Facility | Line of Credit | Minimum | SOFR      
Line of Credit Facility [Line Items]      
Basis spread rate 2.75%    
Revolving Facility | 2029 Revolving Facility | Line of Credit | Minimum | Base Rate      
Line of Credit Facility [Line Items]      
Basis spread rate 1.75%    
Revolving Facility | 2029 Revolving Facility | Line of Credit | Maximum      
Line of Credit Facility [Line Items]      
Basis spread rate   3.50%  
Revolving Facility | 2029 Revolving Facility | Line of Credit | Maximum | SOFR      
Line of Credit Facility [Line Items]      
Basis spread rate 3.50%    
Revolving Facility | 2029 Revolving Facility | Line of Credit | Maximum | Base Rate      
Line of Credit Facility [Line Items]      
Basis spread rate 2.50%    
v3.25.4
DEBT - December 2024 Refinancing (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 18, 2024
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Line of Credit Facility [Line Items]          
Loss on extinguishment of debt   $ 0.0 $ 0.0 $ 0.0 $ 7.1
Debt costs incurred   0.0 5.1 0.0 26.8
2029 Revolving Facility          
Line of Credit Facility [Line Items]          
Amount borrowed   0.0 0.0 0.0 70.0
Exit Facility          
Line of Credit Facility [Line Items]          
Amount borrowed   0.0 1,250.0 0.0  
Debt extinguished $ 136.6        
Unamortized costs 0.7        
2030 Senior Secured Notes          
Line of Credit Facility [Line Items]          
Amount borrowed   0.0 0.0 0.0 950.0
2030 Senior Secured Notes | Senior Notes          
Line of Credit Facility [Line Items]          
Debt extinguished 478.8        
Loss on extinguishment of debt 7.1        
Debt costs capitalized 32.2        
2027 Revolving Facility          
Line of Credit Facility [Line Items]          
Amount borrowed   $ 0.0 $ 0.0 $ 0.0 $ 200.0
Revolving Facility | 2029 Revolving Facility | Line of Credit          
Line of Credit Facility [Line Items]          
Amount borrowed 70.0        
Debt costs capitalized 3.6        
Debt costs incurred 3.9        
Revolving Facility | 2027 Revolving Facility | Line of Credit          
Line of Credit Facility [Line Items]          
Unamortized costs $ 2.9        
v3.25.4
DEBT - Schedule of Financing Facilities (Details)
 12 Months Ended
Dec. 18, 2024
Dec. 31, 2025
2030 Senior Secured Notes | Senior Notes    
Short-Term Debt [Line Items]    
Basis spread rate   7.75%
Initial Term (Years)   5 years 3 months
2029 Revolving Facility | Revolving Facility | Line of Credit    
Short-Term Debt [Line Items]    
Initial Term (Years)   5 years
Floor rate percentage   0.00%
2029 Revolving Facility | Revolving Facility | Line of Credit | Minimum    
Short-Term Debt [Line Items]    
Basis spread rate   2.75%
2029 Revolving Facility | Revolving Facility | Line of Credit | Minimum | SOFR    
Short-Term Debt [Line Items]    
Basis spread rate 2.75%  
2029 Revolving Facility | Revolving Facility | Line of Credit | Minimum | Base Rate    
Short-Term Debt [Line Items]    
Basis spread rate 1.75%  
2029 Revolving Facility | Revolving Facility | Line of Credit | Maximum    
Short-Term Debt [Line Items]    
Basis spread rate   3.50%
2029 Revolving Facility | Revolving Facility | Line of Credit | Maximum | SOFR    
Short-Term Debt [Line Items]    
Basis spread rate 3.50%  
2029 Revolving Facility | Revolving Facility | Line of Credit | Maximum | Base Rate    
Short-Term Debt [Line Items]    
Basis spread rate 2.50%  
v3.25.4
DEBT - Revolving Credit Facility (Details) - International short-term uncommitted lines of credit - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Line of Credit Facility [Line Items]    
Borrowing capacity under credit facility $ 8,500,000 $ 16,800,000
Short-term debt $ 0 $ 0
Line of credit facility expiration period 1 year  
v3.25.4
DEBT - Interest Expense (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Debt Disclosure [Abstract]        
Interest expense $ 64.7 $ 148.7 $ 76.8 $ 141.3
v3.25.4
SHAREHOLDERS' EQUITY - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance $ 938.2 $ 1,079.2
Ending balance 1,104.8 938.2
AOCI Attributable to Parent    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (117.9) 7.6
Ending balance 77.8 (117.9)
Currency translation adjustments AOCI    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (111.6) 14.2
Other comprehensive income (loss) before reclassifications 186.1 (125.8)
Ending balance 74.5 (111.6)
Hedges AOCI | Foreign currency hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (0.1) (0.1)
Other comprehensive income (loss) before reclassifications (5.9) 0.0
Ending balance (6.0) (0.1)
Hedges AOCI | Interest rate hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (0.1) 0.0
Other comprehensive income (loss) before reclassifications 0.0 (0.1)
Ending balance (0.1) (0.1)
Pension and other post-retirement benefits    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (5.7) (6.1)
Other comprehensive income (loss) before reclassifications 0.7 (0.1)
Amounts reclassified from AOCI 15.1 0.5
Ending balance 10.1 (5.7)
Other    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (0.4) (0.4)
Other comprehensive income (loss) before reclassifications (0.3) 0.0
Ending balance (0.7) (0.4)
Foreign currency hedges AOCI attributable to noncontrolling interests    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Other comprehensive income (loss) before reclassifications $ (0.8) $ 0.3
v3.25.4
SHAREHOLDERS' EQUITY - Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Miscellaneous, net $ (0.8) $ 12.3 $ 4.0 $ 1.5
Net income (loss) 14.7 1,361.9 97.5 (14.5)
Income tax expense (benefit) $ (14.7) $ 90.4 24.1 64.3
Reclassifications        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Net income (loss)     15.1 0.5
Reclassifications | Net prior service benefit (cost) amortization        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Miscellaneous, net     0.7 0.2
Income tax expense (benefit)     0.1 (0.7)
Reclassifications | Net actuarial (losses) gains        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Miscellaneous, net     18.0 (0.9)
Income tax expense (benefit)     (2.6) 2.5
Reclassifications | Net actuarial gains (losses) due to settlement        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Miscellaneous, net     (3.6) 1.2
Income tax expense (benefit)     $ 0.5 $ 3.2
v3.25.4
SHAREHOLDERS' EQUITY - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Aug. 11, 2023
Equity [Abstract]      
Common stock, shares authorized (in shares) 45,000,000    
Common stock, par or stated value per share (in dollars per share) $ 0.01   $ 1.25
Common stock, shares, issued (in shares) 37,726,003 37,576,678  
Common stock, shares, outstanding (in shares) 35,384,690 37,576,678  
Stock repurchased (in shares) 2,341,313 0  
Stock repurchased value $ 130.7    
v3.25.4
BENEFIT PLANS - Schedule of Defined Benefit Plans Disclosures (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Amounts recognized in balance sheets        
Noncurrent liabilities     $ 120.4 $ 124.4
Pension Benefits        
Change in plan assets        
Employer contributions     2.6  
Other Benefits        
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]        
Benefit obligation at beginning of period     3.2 4.0
Service cost     0.0 0.0
Interest cost $ 0.1 $ 0.2 0.2 0.3
Actuarial loss (gain)     0.6 (0.2)
Plan participant contributions     0.0 0.0
Benefits paid     (0.5) (0.6)
Plan amendments     0.0 0.0
Special termination benefits     0.0 0.0
Settlements     0.0 0.0
Foreign currency impact     0.1 (0.3)
Benefit obligation at end of period 4.0   3.6 3.2
Change in plan assets        
Fair value of plan assets at beginning of period     0.0 0.0
Actual return on plan assets     0.0 0.0
Employer contributions     0.5 0.6
Plan participant contributions     0.0 0.0
Benefits paid     (0.5) (0.6)
Foreign currency impact     0.0 0.0
Settlements     0.0 0.0
Fair value of plan assets at end of period 0.0   0.0 0.0
Funded status     (3.6) (3.2)
Amounts recognized in balance sheets        
Noncurrent assets     0.0 0.0
Current liabilities     0.5 0.4
Noncurrent liabilities     3.1 2.8
Accumulated other comprehensive income (loss):        
Unrecognized net actuarial gain (loss)     (0.8) (0.2)
Unrecognized prior service benefit (cost)     0.0 0.0
Net amount recognized     2.8 3.0
Change in accumulated other comprehensive income        
Balance at beginning of period     (0.2) (0.5)
Prior service credit/loss recognized during the year     0.0 0.0
Net actuarial gains (losses) recognized during the period     (0.6) 0.2
Net actuarial gains (losses) recognized due to settlement     0.0 0.0
Foreign currency impact     0.0 0.1
Balance at end of period (0.5)   (0.8) (0.2)
U.S. Plans | Pension Benefits        
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]        
Benefit obligation at beginning of period     297.1 362.3
Service cost     0.0 0.0
Interest cost 7.6 11.9 16.4 19.1
Actuarial loss (gain)     2.3 5.4
Plan participant contributions     0.0 0.0
Benefits paid     (21.8) (21.0)
Plan amendments     0.0 0.0
Special termination benefits     0.0 0.0
Settlements     0.0 (68.7)
Foreign currency impact     0.0 0.0
Benefit obligation at end of period 362.3   294.0 297.1
Change in plan assets        
Fair value of plan assets at beginning of period     216.1 301.9
Actual return on plan assets     22.6 0.9
Employer contributions     2.9 3.0
Plan participant contributions     0.0 0.0
Benefits paid     (21.8) (21.0)
Foreign currency impact     0.0 0.0
Settlements     0.0 (68.7)
Fair value of plan assets at end of period 301.9   219.8 216.1
Funded status     (74.2) (81.0)
Amounts recognized in balance sheets        
Noncurrent assets     0.2 0.1
Current liabilities     3.3 3.2
Noncurrent liabilities     71.1 77.9
Accumulated other comprehensive income (loss):        
Unrecognized net actuarial gain (loss)     (13.1) (19.8)
Unrecognized prior service benefit (cost)     0.0 0.0
Net amount recognized     61.1 61.2
Change in accumulated other comprehensive income        
Balance at beginning of period     (19.8) (2.1)
Prior service credit/loss recognized during the year     0.0 0.0
Net actuarial gains (losses) recognized during the period     6.7 (22.7)
Net actuarial gains (losses) recognized due to settlement     0.0 5.0
Foreign currency impact     0.0 0.0
Balance at end of period (2.1)   (13.1) (19.8)
Non-U.S. Plans | Pension Benefits        
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]        
Benefit obligation at beginning of period     300.0 326.1
Service cost 2.7 3.9 7.2 6.7
Interest cost 4.3 $ 7.2 9.4 10.3
Actuarial loss (gain)     (10.2) 6.6
Plan participant contributions     1.3 1.2
Benefits paid     (6.2) (6.8)
Plan amendments     (0.8) (0.9)
Special termination benefits     0.0 0.5
Settlements     (19.4) (23.5)
Foreign currency impact     37.1 (20.2)
Benefit obligation at end of period 326.1   318.4 300.0
Change in plan assets        
Fair value of plan assets at beginning of period     348.5 348.6
Actual return on plan assets     19.3 39.1
Employer contributions     (0.8)  
Employer contributions       11.3
Plan participant contributions     1.3 1.2
Benefits paid     (6.2) (6.8)
Foreign currency impact     44.7 (21.4)
Settlements     (19.4) (23.5)
Fair value of plan assets at end of period 348.6   387.4 348.5
Funded status     69.0 48.5
Amounts recognized in balance sheets        
Noncurrent assets     114.6 91.5
Current liabilities     3.9 3.1
Noncurrent liabilities     41.7 39.9
Accumulated other comprehensive income (loss):        
Unrecognized net actuarial gain (loss)     22.5 11.5
Unrecognized prior service benefit (cost)     2.3 1.4
Net amount recognized     (44.2) (35.6)
Change in accumulated other comprehensive income        
Balance at beginning of period     12.9 (6.0)
Prior service credit/loss recognized during the year     0.8 0.9
Net actuarial gains (losses) recognized during the period     14.5 19.1
Net actuarial gains (losses) recognized due to settlement     (4.1) (0.6)
Foreign currency impact     0.7 (0.5)
Balance at end of period $ (6.0)   $ 24.8 $ 12.9
v3.25.4
BENEFIT PLANS - Schedule of Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Other Benefits        
Components of net periodic benefit cost        
Service cost     $ 0.0 $ 0.0
Interest cost $ 0.1 $ 0.2 0.2 0.3
Recognized net actuarial (gain) loss 0.0 (0.3) 0.0 0.0
Net periodic benefit cost - U.S. Plans 0.1 (0.1) 0.2 0.3
U.S. Plans | Pension Benefits        
Components of net periodic benefit cost        
Service cost     0.0 0.0
Interest cost 7.6 11.9 16.4 19.1
Expected return on plan assets (6.0) (11.0) (13.6) (18.1)
Recognized net actuarial (gain) loss 0.0 0.4 0.0 0.0
Settlement loss (gain) 0.0 0.0 0.0 5.0
Net periodic benefit cost - U.S. Plans 1.6 1.3 2.8 6.0
Non-U.S. Plans | Pension Benefits        
Components of net periodic benefit cost        
Service cost 2.7 3.9 7.2 6.7
Interest cost 4.3 7.2 9.4 10.3
Expected return on plan assets (5.2) (8.4) (14.7) (13.4)
Amortization of prior service cost 0.0 (0.5) (0.2) (0.1)
Recognized net actuarial (gain) loss 0.0 (2.2) (3.9) 0.0
Curtailment loss 0.0 (0.1) 0.0 0.0
Settlement loss (gain) 0.1 (2.1) (0.3) (0.6)
Special termination benefits 0.0 0.0 0.1 0.5
Net periodic benefit cost - U.S. Plans $ 1.9 $ (2.2) $ (2.4) $ 3.4
v3.25.4
BENEFIT PLANS - Schedule of Accumulated Benefit Obligation In Excess of Plan Assets (Details) - Pension Benefits - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
U.S. Plans    
Defined Benefit Plan Disclosure [Line Items]    
Projected benefit obligation $ 292.9 $ 296.1
Accumulated benefit obligation 292.9 296.1
Fair value of plan assets 218.5 215.0
Non-U.S. Plans    
Defined Benefit Plan Disclosure [Line Items]    
Projected benefit obligation 185.9 200.2
Accumulated benefit obligation 172.8 186.3
Fair value of plan assets $ 40.8 $ 62.6
v3.25.4
BENEFIT PLANS - Narrative (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Defined Contribution Plan [Line Items]        
Defined benefit plans, threshold percentage for amortization of unrecognized net gain (loss)     5.00%  
Healthcare cost trend rate assumed for next year     6.40% 6.60%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)     4.30% 4.20%
Expected future employer contributions     $ 51.3  
Expected reimbursement of benefits paid     18.0  
Defined contribution plan, cost $ 2.4 $ 4.0 $ 7.2 $ 6.7
Retirement savings plan basic match     50.00%  
Employee Contributions First Six Percent        
Defined Contribution Plan [Line Items]        
Participant contribution percentage     6.00%  
Pension Plan        
Defined Contribution Plan [Line Items]        
Employer contributions     $ 2.6  
Reimbursement from CTA     23.2  
Other Benefits        
Defined Contribution Plan [Line Items]        
Employer contributions     0.5 $ 0.6
Expected future contributions     $ 0.5  
v3.25.4
BENEFIT PLANS - Schedule of Assumptions Used (Details)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Other Benefits    
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]    
Discount rate 8.02% 7.28%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]    
Discount rate 7.28% 6.97%
U.S. Plans | Pension Benefits    
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]    
Discount rate 5.58% 5.73%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]    
Discount rate 5.73% 5.52%
Expected long-term return on plan assets 6.60% 6.30%
Non-U.S. Plans | Pension Benefits    
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]    
Discount rate 4.91% 4.47%
Rate of compensation increase 4.45% 4.17%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]    
Discount rate 4.47% 4.87%
Expected long-term return on plan assets 3.58% 3.60%
Rate of compensation increase 4.17% 4.25%
v3.25.4
BENEFIT PLANS - Schedule of Health Care Cost Trends (Details)
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract]    
Healthcare cost trend rate assumed for next year 6.40% 6.60%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 4.30% 4.20%
v3.25.4
BENEFIT PLANS - Schedule of Allocation of Plan Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Real estate | Office      
Defined Benefit Plan Disclosure [Line Items]      
Actual 20.00% 16.00%  
Real estate | Residential      
Defined Benefit Plan Disclosure [Line Items]      
Actual 28.00% 28.00%  
Real estate | Retail      
Defined Benefit Plan Disclosure [Line Items]      
Actual 10.00% 10.00%  
Real estate | Industrial, cash and other      
Defined Benefit Plan Disclosure [Line Items]      
Actual 42.00% 46.00%  
Other | Fixed income securities      
Defined Benefit Plan Disclosure [Line Items]      
Actual 55.00% 55.00%  
Other | Corporate bonds      
Defined Benefit Plan Disclosure [Line Items]      
Actual 59.00% 59.00%  
Other | US Treasury and other      
Defined Benefit Plan Disclosure [Line Items]      
Actual 41.00% 41.00%  
Other | Russell 1000 Fund large cap index funds      
Defined Benefit Plan Disclosure [Line Items]      
Actual 21.00% 19.00%  
Other | International funds      
Defined Benefit Plan Disclosure [Line Items]      
Actual 12.00% 14.00%  
Other | Emerging markets, real assets and other funds      
Defined Benefit Plan Disclosure [Line Items]      
Actual 12.00% 12.00%  
Private equity funds      
Defined Benefit Plan Disclosure [Line Items]      
Unfunded commitments $ 1.6 $ 1.6  
Private equity funds | Buyout private equity funds      
Defined Benefit Plan Disclosure [Line Items]      
Actual 45.00% 38.00%  
Private equity funds | Special situations private equity and debt funds      
Defined Benefit Plan Disclosure [Line Items]      
Actual 25.00% 32.00%  
Private equity funds | Venture private equity funds      
Defined Benefit Plan Disclosure [Line Items]      
Actual 30.00% 30.00%  
U.S. Plans | Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Target 100.00%    
Actual 100.00% 100.00%  
Fair value of plan assets $ 219.8 $ 216.1 $ 301.9
U.S. Plans | Pension Benefits | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 2.9 3.0  
U.S. Plans | Pension Benefits | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 216.9 $ 213.1  
U.S. Plans | Pension Benefits | Equity securities      
Defined Benefit Plan Disclosure [Line Items]      
Target 41.00%    
Actual 40.00% 40.00%  
U.S. Plans | Pension Benefits | Debt securities      
Defined Benefit Plan Disclosure [Line Items]      
Target 50.00%    
Actual 48.00% 47.00%  
U.S. Plans | Pension Benefits | Other      
Defined Benefit Plan Disclosure [Line Items]      
Target 5.00%    
Actual 7.00% 7.00%  
U.S. Plans | Pension Benefits | Cash and short-term investments      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 1.7 $ 2.0  
U.S. Plans | Pension Benefits | Cash and short-term investments | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1.7 2.0  
U.S. Plans | Pension Benefits | Cash and short-term investments | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Cash and short-term investments | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Mutual funds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1.2 1.0  
U.S. Plans | Pension Benefits | Mutual funds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1.2 1.0  
U.S. Plans | Pension Benefits | Mutual funds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Mutual funds | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | International developed markets      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | International developed markets | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | International developed markets | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | International developed markets | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | International corporate bonds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | International corporate bonds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | International corporate bonds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | International corporate bonds | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Fixed and index funds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Fixed and index funds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Fixed and index funds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Fixed and index funds | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 0.0 $ 0.0  
U.S. Plans | Pension Benefits | Real estate      
Defined Benefit Plan Disclosure [Line Items]      
Target 4.00%    
Actual 5.00% 6.00%  
Fair value of plan assets $ 10.0 $ 12.8  
U.S. Plans | Pension Benefits | Real estate | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Real estate | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Real estate | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 10.0 12.8  
U.S. Plans | Pension Benefits | Other      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 189.3 184.8  
U.S. Plans | Pension Benefits | Other | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Other | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Other | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 189.3 184.8  
U.S. Plans | Pension Benefits | Private equity funds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 17.6 15.5  
U.S. Plans | Pension Benefits | Private equity funds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Private equity funds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Private equity funds | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 17.6 15.5  
U.S. Plans | Pension Benefits | Other alternative investments      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Other alternative investments | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Other alternative investments | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
U.S. Plans | Pension Benefits | Other alternative investments | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 0.0 $ 0.0  
Non-U.S. Plans | Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Target 100.00%    
Actual 100.00% 100.00%  
Fair value of plan assets $ 387.4 $ 348.5 $ 348.6
Non-U.S. Plans | Pension Benefits | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 310.7 284.6  
Non-U.S. Plans | Pension Benefits | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 11.8 11.9  
Non-U.S. Plans | Pension Benefits | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 64.9 $ 52.0  
Non-U.S. Plans | Pension Benefits | Equity securities      
Defined Benefit Plan Disclosure [Line Items]      
Target 54.00%    
Actual 54.00% 50.00%  
Non-U.S. Plans | Pension Benefits | Debt securities      
Defined Benefit Plan Disclosure [Line Items]      
Target 24.00%    
Actual 24.00% 29.00%  
Non-U.S. Plans | Pension Benefits | Other      
Defined Benefit Plan Disclosure [Line Items]      
Target 17.00%    
Actual 17.00% 14.00%  
Non-U.S. Plans | Pension Benefits | Cash and short-term investments      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 17.2 $ 10.6  
Non-U.S. Plans | Pension Benefits | Cash and short-term investments | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 16.3 9.8  
Non-U.S. Plans | Pension Benefits | Cash and short-term investments | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Cash and short-term investments | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.9 0.8  
Non-U.S. Plans | Pension Benefits | Mutual funds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Mutual funds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Mutual funds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Mutual funds | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | International developed markets      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 207.6 173.7  
Non-U.S. Plans | Pension Benefits | International developed markets | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 207.6 173.7  
Non-U.S. Plans | Pension Benefits | International developed markets | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | International developed markets | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | International corporate bonds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 60.9 54.1  
Non-U.S. Plans | Pension Benefits | International corporate bonds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 60.9 54.1  
Non-U.S. Plans | Pension Benefits | International corporate bonds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | International corporate bonds | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Fixed and index funds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 34.0 46.8  
Non-U.S. Plans | Pension Benefits | Fixed and index funds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 25.8 46.8  
Non-U.S. Plans | Pension Benefits | Fixed and index funds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Fixed and index funds | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 8.2 $ 0.0  
Non-U.S. Plans | Pension Benefits | Real estate      
Defined Benefit Plan Disclosure [Line Items]      
Target 5.00%    
Actual 5.00% 7.00%  
Fair value of plan assets $ 17.5 $ 25.8  
Non-U.S. Plans | Pension Benefits | Real estate | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Real estate | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 11.8 11.9  
Non-U.S. Plans | Pension Benefits | Real estate | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 5.7 13.9  
Non-U.S. Plans | Pension Benefits | Other      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 16.5 12.5  
Non-U.S. Plans | Pension Benefits | Other | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Other | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Other | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 16.5 12.5  
Non-U.S. Plans | Pension Benefits | Private equity funds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Private equity funds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Private equity funds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Private equity funds | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Other alternative investments      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 33.7 25.0  
Non-U.S. Plans | Pension Benefits | Other alternative investments | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.1 0.2  
Non-U.S. Plans | Pension Benefits | Other alternative investments | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0.0 0.0  
Non-U.S. Plans | Pension Benefits | Other alternative investments | NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 33.6 $ 24.8  
v3.25.4
BENEFIT PLANS - Schedule of Future Benefit Payments (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Other Benefits  
Defined Benefit Plan, Expected Amortization, Next Fiscal Year [Abstract]  
2026, gross $ 0.5
2027, gross 0.5
2028, gross 0.4
2029, gross 0.4
2030, gross 0.4
2030-2033, gross 1.7
2026, net 0.5
2027, net 0.5
2028, net 0.4
2029, net 0.4
2030, net 0.7
2030-2033, net 1.7
U.S. Plans | Pension Benefits  
Defined Benefit Plan, Expected Amortization, Next Fiscal Year [Abstract]  
2026 23.5
2027 23.8
2028 23.8
2029 23.7
2030 23.6
2030-2033 113.2
Non-U.S. Plans | Pension Benefits  
Defined Benefit Plan, Expected Amortization, Next Fiscal Year [Abstract]  
2026 43.9
2027 23.5
2028 23.7
2029 23.5
2030 22.1
2030-2033 $ 103.5
v3.25.4
FINANCE LEASES - Schedule of Future Minimum Payments Due From Customers Under Finance Lease Receivables (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Leases [Abstract]  
2026 $ 4.9
2027 3.7
2028 3.4
2029 3.3
2030 2.7
Thereafter 4.6
Total $ 22.6
v3.25.4
FINANCE LEASES - Schedule of Components of Financing Receivables (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
Gross minimum lease receivable $ 22.6 $ 18.4
Allowance for credit losses (0.2) (0.1)
Less: Unearned interest income (1.5) (0.7)
Total $ 20.9 $ 17.6
v3.25.4
FINANCE LEASES - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Losses [Line Items]    
Finance lease, right-of-use assets, location Other assets Other assets
Finance right of use assets $ 25.4 $ 19.7
Finance lease, liability, current, location Other current liabilities Other current liabilities
Finance lease liabilities $ 6.1 $ 4.5
Finance lease, liability, noncurrent, location Long-Term Debt, Excluding Current Maturities Long-Term Debt, Excluding Current Maturities
Finance lease, liability, noncurrent $ 20.7 $ 15.8
Finance leases    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Financing receivable, individually evaluated for impairment 21.1 17.8
Notes receivable    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Financing receivable, individually evaluated for impairment $ 0.5 $ 0.4
v3.25.4
FINANCE LEASES - Schedule of Finance Lease Expense (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]        
Amortization of ROU finance lease assets $ 1.9 $ 2.4 $ 6.4 $ 6.8
Interest on lease liabilities $ 0.2 $ 0.5 $ 1.6 $ 1.6
v3.25.4
FINANCE LEASES - Schedule of Maturity of Finance Lease Liabilities (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Leases [Abstract]  
2026 $ 7.9
2027 6.6
2028 4.9
2029 3.1
2030 2.2
Thereafter 10.1
Total 34.8
Less: present value discount (8.0)
Total lease liability $ 26.8
v3.25.4
FINANCE LEASES - Schedule of Supplemental Information Related to Finance Leases (Details) (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]        
Operating cash flows used for finance leases $ 0.2 $ 0.5 $ 1.7 $ 1.6
Finance cash flows used for finance leases 2.2 2.5 6.0 6.2
Right-of-use assets obtained in exchange for new finance lease liabilities $ 0.6 $ 0.6 $ 11.9 $ 5.3
Weighted-average remaining lease term 2 years 6 months   7 years 1 month 6 days 5 years 1 month 6 days
Weighted-average discount rate 6.60%   7.50% 7.70%
v3.25.4
FINANCIAL INSTRUMENTS AND FAIR VALUE - Schedule of Assets and Liabilities Not Carried at Fair Value (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Carrying amount    
Derivative [Line Items]    
Borrowings (Note 11) $ 970.7 $ 966.0
Estimated fair value    
Derivative [Line Items]    
Borrowings (Note 11) $ 1,030.1 $ 987.4
v3.25.4
FINANCIAL INSTRUMENTS AND FAIR VALUE - Narrative (Details)
Dec. 31, 2025
instrument
Foreign currency forward, EUR-USD  
Derivative [Line Items]  
Number of instruments held 21
Foreign currency forward, BRL-USD  
Derivative [Line Items]  
Number of instruments held 12
v3.25.4
FINANCIAL INSTRUMENTS AND FAIR VALUE - Schedule of Fair Value of Derivative Instruments (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Derivative [Line Items]  
Other comprehensive income (loss) driven by net investment hedges $ 5.9
Gains (losses) driven by hedges of foreign exchange fluctuation 2.0
Other current assets  
Derivative [Line Items]  
Derivative assets 3.2
Other current liabilities  
Derivative [Line Items]  
Derivative liabilities (4.4)
Designated forward currency exchange contracts  
Derivative [Line Items]  
Gross notional 417.3
Designated forward currency exchange contracts | Other current assets  
Derivative [Line Items]  
Derivative assets 1.0
Designated forward currency exchange contracts | Other current liabilities  
Derivative [Line Items]  
Derivative liabilities (2.3)
Non-Designated forward exchange contracts  
Derivative [Line Items]  
Gross notional 777.7
Non-Designated forward exchange contracts | Other current assets  
Derivative [Line Items]  
Derivative assets 2.2
Non-Designated forward exchange contracts | Other current liabilities  
Derivative [Line Items]  
Derivative liabilities $ (2.1)
v3.25.4
COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Loss Contingencies [Line Items]    
Guarantor obligations, maximum exposure, undiscounted $ 130.8 $ 90.4
Guarantor obligations, liability 0.0 0.0
Financial Standby Letter of Credit    
Loss Contingencies [Line Items]    
Guarantor obligations, maximum exposure, undiscounted 24.3 $ 21.9
Indirect Tax Liability    
Loss Contingencies [Line Items]    
Range of possible loss, portion not accrued $ 52.5  
v3.25.4
COMMITMENTS AND CONTINGENCIES - Schedule of Cash and Cash Equivalents (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]          
Cash and cash equivalents $ 368.9 $ 296.2      
Bank collateral guarantees 10.7 8.2      
Pension collateral guarantees 7.7 6.9      
Restricted cash and cash equivalents 18.4 15.1      
Total cash, cash equivalents, and restricted cash $ 387.3 $ 311.3 $ 592.3 $ 456.6 $ 319.1
v3.25.4
REVENUE RECOGNITION - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Deferred Revenue Arrangement [Line Items]      
Net sales, percentage 100.00% 100.00%  
Trade Receivables $ 609.4 $ 588.5 $ 721.8
Contract liabilities $ 325.8 $ 320.7 $ 376.2
Products transferred at a point in time      
Deferred Revenue Arrangement [Line Items]      
Net sales, percentage 43.00% 43.00%  
Products and services transferred over time      
Deferred Revenue Arrangement [Line Items]      
Net sales, percentage 57.00% 57.00%  
v3.25.4
REVENUE RECOGNITION - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue Recognition and Deferred Revenue [Abstract]      
Deferred revenue $ 325.8 $ 320.7 $ 376.2
Deferred revenue, revenue recognized $ 230.9    
v3.25.4
SEGMENT INFORMATION - Schedule of Segment Information (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Segment Reporting [Abstract]        
Number Of Reportable Segments Not Disclosed Flag     true  
Segment Reporting Information [Line Items]        
Total net sales by segment $ 1,628.6 $ 2,131.9 $ 3,805.7 $ 3,751.1
Total segment cost of sales 1,275.6 1,611.9 2,844.5 2,831.1
Total segment gross profit 353.0 520.0 961.2 920.0
Total segment SG&A and other operating expenses 260.6 525.5 719.2 737.9
Operating profit (loss) 92.4 (5.5) 242.0 182.1
Restructuring and other saving initiative expenses (22.6) (38.9) (94.3) (106.1)
Other income (expense) (96.9) 1,458.3 (116.9) (134.8)
Income (loss) before taxes (4.5) 1,452.8 125.1 47.3
Operating Segments        
Segment Reporting Information [Line Items]        
Total net sales by segment 1,628.6 2,131.9 3,805.7 3,751.1
Total segment cost of sales 1,205.7 1,611.9 2,802.3 2,802.8
Total segment gross profit 422.9 520.0 1,003.4 948.3
Total segment SG&A and other operating expenses 209.0 222.2 371.9 375.7
Operating profit (loss) 213.9 297.8 631.5 572.6
Corporate and Reconciling Items        
Segment Reporting Information [Line Items]        
Operating profit (loss) (121.5) (303.3) (389.5) (390.5)
Corporate charges not allocated to segments        
Segment Reporting Information [Line Items]        
Operating profit (loss) (86.3) (159.8) (295.1) (265.4)
Segment Reconciling Items        
Segment Reporting Information [Line Items]        
Restructuring and other saving initiative expenses (23.1) (38.4) (94.3) (106.1)
Refinancing related costs (5.1) (44.7) 0.0 (15.8)
Impairment of assets (1.2) (3.3) 0.0 (1.9)
Net non-routine expense (4.8) (7.4) (0.1) (1.3)
Amortization of fair value assets 0.0 (41.8) 0.0 0.0
Segment Reconciling Items | Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Operating profit (loss) (1.0) (7.9) 0.0 0.0
Banking | Operating Segments        
Segment Reporting Information [Line Items]        
Total net sales by segment 1,157.6 1,511.0 2,797.0 2,762.8
Total segment cost of sales 858.5 1,149.5 2,040.3 2,058.3
Total segment gross profit 299.1 361.5 756.7 704.5
Total segment SG&A and other operating expenses 143.8 149.9 250.1 253.8
Operating profit (loss) 155.3 211.6 506.6 450.7
Retail | Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Total net sales by segment 1.7 10.9 0.0 0.0
Retail | Operating Segments        
Segment Reporting Information [Line Items]        
Total segment cost of sales 347.2 462.4 762.0 744.5
Total segment gross profit 123.8 158.5 246.7 243.8
Total segment SG&A and other operating expenses 65.2 72.3 121.8 121.9
Operating profit (loss) 58.6 86.2 124.9 121.9
Retail | Operating Segments | Continuing operations        
Segment Reporting Information [Line Items]        
Total net sales by segment 469.3 610.0 1,008.7 988.3
Retail | Operating Segments | Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Total net sales by segment $ 1.7 $ 10.9 $ 0.0 $ 0.0
v3.25.4
SEGMENT INFORMATION - Schedule of Revenue from External Customers by Products and Services (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]        
Total Revenue $ 1,628.6 $ 2,131.9 $ 3,805.7 $ 3,751.1
Operating Segments        
Segment Reporting Information [Line Items]        
Total Revenue 1,628.6 2,131.9 3,805.7 3,751.1
Services        
Segment Reporting Information [Line Items]        
Total Revenue 858.4 1,295.0 2,168.9 2,150.4
Products        
Segment Reporting Information [Line Items]        
Total Revenue 770.2 836.9 1,636.8 1,600.7
Banking | Operating Segments        
Segment Reporting Information [Line Items]        
Total Revenue 1,157.6 1,511.0 2,797.0 2,762.8
Banking | Services | Operating Segments        
Segment Reporting Information [Line Items]        
Total Revenue 626.9 954.3 1,608.6 1,587.4
Banking | Products | Operating Segments        
Segment Reporting Information [Line Items]        
Total Revenue 530.7 556.7 1,188.4 1,175.4
Retail | Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Total Revenue 1.7 10.9 0.0 0.0
Retail | Operating Segments | Continuing operations        
Segment Reporting Information [Line Items]        
Total Revenue 469.3 610.0 1,008.7 988.3
Retail | Operating Segments | Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Total Revenue 1.7 10.9 0.0 0.0
Retail | Services | Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Total Revenue 1.1 5.5 0.0 0.0
Retail | Services | Operating Segments | Continuing operations        
Segment Reporting Information [Line Items]        
Total Revenue 230.4 335.2 560.3 563.0
Retail | Products | Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Total Revenue 0.6 5.4 0.0 0.0
Retail | Products | Operating Segments | Continuing operations        
Segment Reporting Information [Line Items]        
Total Revenue $ 238.9 $ 274.8 $ 448.4 $ 425.3
v3.25.4
SEGMENT INFORMATION - Schedule of Net Sales by Point of Origin and Property, Plant and Equipment, Net and Right-of-Use Operating Lease Assets by Geographical Location (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2025
Dec. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue $ 1,628.6 $ 2,131.9 $ 3,805.7 $ 3,751.1
Property, plant and equipment, net (Note 7)     286.0 246.2
Americas        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 694.1 964.8 1,460.6 1,652.3
United States        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 404.1 583.9 902.3 945.4
Property, plant and equipment, net (Note 7)     89.6 71.8
Other Americas        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 290.0 380.9 558.3 706.9
EMEA        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 801.4 998.1 2,051.5 1,813.4
Germany        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 248.2 283.9 724.4 577.2
Property, plant and equipment, net (Note 7)     87.3 78.3
Other EMEA        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 553.2 714.2 1,327.1 1,236.2
APAC        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue $ 133.1 $ 169.0 293.6 285.4
Other international        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Property, plant and equipment, net (Note 7)     $ 109.1 $ 96.1