DIEBOLD NIXDORF, INC, 10-K filed on 2/25/2025
Annual Report
v3.25.0.1
Cover Page - USD ($)
 12 Months Ended
Dec. 31, 2024
Feb. 17, 2025
Jun. 28, 2024
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2024    
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 No    
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 true    
Entity Shell Company false    
Entity Public Float     $ 767,464,014
Entity Common Stock, Shares Outstanding   37,595,784  
Documents Incorporated by Reference Diebold Nixdorf, Incorporated's Proxy Statement for the 2025 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 2024    
Document Fiscal Period Focus FY    
Amendment Flag false    
Document Financial Statement Restatement Recovery Analysis [Flag] false    
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Audit Information
 12 Months Ended
Dec. 31, 2024
Audit Information [Abstract]  
Auditor Name KPMG LLP
Auditor Firm ID 185
Auditor Location Cleveland, OH
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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 296.2 $ 550.2
Restricted cash 15.1 42.1
Short-term investments 16.9 13.4
Trade receivables, less allowances for doubtful accounts of $10.9 and $3.6, respectively 588.5 721.8
Inventories 528.1 589.8
Prepaid expenses 45.8 44.0
Current assets held for sale 9.6 0.0
Other current assets 167.7 192.6
Total current assets 1,667.9 2,153.9
Securities and other investments 7.0 6.5
Property, plant and equipment, net 128.1 159.0
Deferred income taxes 69.5 71.4
Goodwill 586.4 612.3
Intangible assets, net 778.6 891.3
Right-of-use operating lease assets 118.1 98.7
Other assets 187.9 168.9
Total assets 3,543.5 4,162.0
Current liabilities    
Notes payable 0.2 0.3
Accounts payable 460.2 529.0
Deferred revenue 320.7 376.2
Payroll and other benefits liabilities 173.2 160.1
Operating lease liabilities 43.3 39.6
Other current liabilities 268.7 315.8
Total current liabilities 1,266.3 1,421.0
Long-term debt 927.3 1,252.4
Pensions, post-retirement and other benefits 124.4 112.6
Long-term operating lease liabilities 76.3 65.1
Deferred income taxes 176.8 204.9
Other liabilities 34.2 26.8
Total liabilities 2,605.3 3,082.8
Diebold Nixdorf, Incorporated shareholders' equity    
Common stock, $0.01 par value, 45,000,000 shares authorized, 37,576,678 and 37,566,678 shares issued, and 37,576,678 and 37,566,678 shares outstanding, respectively 0.4 0.4
Additional paid-in-capital 1,048.4 1,038.7
Retained earnings (deficit) (1.1) 17.1
Accumulated other comprehensive income (loss) (117.9) 7.6
Total Diebold Nixdorf, Incorporated shareholders' equity 929.8 1,063.8
Noncontrolling interests 8.4 15.4
Total equity 938.2 1,079.2
Total liabilities and equity 3,543.5 4,162.0
Customer relationships, net    
Current assets    
Intangible assets, net 482.7 543.0
Other intangible assets, net    
Current assets    
Intangible assets, net $ 295.9 $ 348.3
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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Trade receivables, allowance $ 10.9 $ 3.6
Diebold Nixdorf, Incorporated shareholders' equity    
Common shares, par value (in dollars per share) $ 0.01 $ 0.01
Common shares, shares authorized (in shares) 45,000,000 45,000,000
Common shares, shares issued (in shares) 37,576,678 37,566,678
Common shares, shares outstanding (in shares) 37,576,678 37,566,678
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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Net sales        
Total net sales $ 1,628.6 $ 2,131.9 $ 3,751.1 $ 3,460.7
Cost of sales        
Total cost of sales 1,275.6 1,611.9 2,831.1 2,703.4
Gross profit 353.0 520.0 920.0 757.3
Selling and administrative expense 226.0 458.7 643.6 741.6
Research, development and engineering expense 34.4 62.3 93.6 120.7
Impairment of assets and other 0.2 4.5 0.7 106.7
Total operating expense 260.6 525.5 737.9 969.0
Operating profit (loss) 92.4 (5.5) 182.1 (211.7)
Other income (expense)        
Interest income 6.3 6.7 12.3 10.0
Interest expense (73.1) (173.6) (155.3) (199.2)
Foreign exchange gain (loss), net (12.2) (1.2) 13.8 (7.8)
Reorganization items, net (17.1) 1,614.1 0.0 0.0
Miscellaneous, net (0.8) 12.3 1.5 2.2
Loss on extinguishment of debt 0.0 0.0 (7.1) 0.0
Loss on refinancing 0.0 0.0 0.0 (32.1)
Income (loss) before taxes (4.5) 1,452.8 47.3 (438.6)
Income tax expense (benefit) (14.7) 90.4 64.3 149.2
Equity in earnings (loss) of unconsolidated subsidiaries, net 4.5 (0.5) 2.5 2.2
Net income (loss) 14.7 1,361.9 (14.5) (585.6)
Net income (loss) income attributable to noncontrolling interests 1.3 (0.8) 2.0 (4.2)
Net income (loss) attributable to Diebold Nixdorf, Incorporated $ 13.4 $ 1,362.7 $ (16.5) $ (581.4)
Basic weighted-average shares outstanding (in shares) 37.6 79.7 37.6 79.0
Diluted weighted-average shares outstanding (in shares) 37.6 81.4 37.6 79.0
Net income (loss) attributable to Diebold Nixdorf, Incorporated        
Basic earnings (loss) per share (in dollars per share) $ 0.36 $ 17.10 $ (0.44) $ (7.36)
Diluted earnings (loss) per share (in dollars per share) $ 0.36 $ 16.74 $ (0.44) $ (7.36)
Services        
Net sales        
Total net sales $ 858.4 $ 1,295.0 $ 2,150.4 $ 2,098.9
Cost of sales        
Total cost of sales 658.2 922.4 1,616.9 1,480.8
Products        
Net sales        
Total net sales 770.2 836.9 1,600.7 1,361.8
Cost of sales        
Total cost of sales $ 617.4 $ 689.5 $ 1,214.2 $ 1,222.6
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Net income (loss) $ 14.7 $ 1,361.9 $ (14.5) $ (585.6)
Other comprehensive income (loss), net of tax:        
Translation adjustment and foreign currency hedges 14.4 21.0 (126.1) (35.3)
Pension and other post-retirement benefits:        
Prior service credit (cost) recognized during the period (net of tax of $(0.7) and $(0.2) in the Successor Period and $0.2 and $— in the Predecessor Periods, respectively) 0.4 (0.2) 0.2 2.4
Net actuarial gains (losses) recognized during the period (net of tax of $2.5 and $2.6 in the Successor Periods and $(4.9) and $— in the Predecessor Periods, respectively) (6.5) 4.2 (0.9) 38.5
Net actuarial gains (losses) occurring during the period (net of tax of $— and $— in the Successor Periods and $1.1 and $— in the Predecessor Periods, respectively) 0.0 (1.0) 0.0 2.3
Net actuarial gains (losses) recognized due to settlement (net of tax of $(3.2) and $— in Successor Periods and $1.1 and $— in the Predecessor Periods, respectively) 0.1 (0.9) 1.2 10.2
Currency impact (net of tax of $0.3 and $0.1 in the Successor Periods and $(1.3) and $— in the Predecessor Periods, respectively) (0.1) 1.1 (0.1) (1.4)
Total pension and other postretirement benefits, net of tax (6.1) 3.2 0.4 52.0
Other (0.4) 0.0 0.0 2.8
Other comprehensive income (loss), net of tax 7.8 32.3 (125.8) 24.4
Comprehensive income (loss) 22.5 1,394.2 (140.3) (561.2)
Less: comprehensive income (loss) attributable to noncontrolling interests 1.5 (8.5) 1.7 1.7
Comprehensive income (loss) attributable to Diebold Nixdorf, Incorporated 21.0 1,402.7 (142.0) (562.9)
Foreign exchange forward contracts and cash flow hedges        
Other comprehensive income (loss), net of tax:        
Foreign currency hedges (0.1) 4.7 0.0 0.0
Interest rate hedges:        
Total hedges, net of tax (0.1) 4.7 0.0 0.0
Interest rate swaps and non-designated hedges        
Other comprehensive income (loss), net of tax:        
Foreign currency hedges 0.0 3.4 (0.1) 4.9
Interest rate hedges:        
Net income (loss) recognized in other comprehensive income (net of tax of $(0.1) and $— in the Successor Periods and $— and $0.7 in the Predecessor Periods, respectively) 0.0 3.4 (0.1) 5.5
Less: reclassification adjustments for amounts recognized in net income (loss) (net of tax of $— and $— in the Successor Periods and $— and $0.1 in the Predecessor Periods, respectively) 0.0 0.0 0.0 0.6
Total hedges, net of tax $ 0.0 $ 3.4 $ (0.1) $ 4.9
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CONSOLIDATED STATEMENTS 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, 2024
Dec. 31, 2022
Translation adjustment and foreign currency hedges, tax $ 0.0 $ 0.0 $ 12.7 $ (3.0)
Prior service credit (cost) recognized during the year, tax (0.2) 0.2 (0.7) 0.0
Net actuarial gains (loss) recognized during the year, tax (2.6) 4.9 (2.5) 0.0
Net actuarial (gains) losses occurring during the year, tax 0.0 1.1 0.0 0.0
Net actuarial (gains) losses recognized due to settlement, tax 0.0 1.1 (3.2) 0.0
Currency impact, tax 0.1 (1.3) 0.3 0.0
Foreign exchange forward contracts and cash flow hedges        
Foreign currency hedges, tax 0.0 0.0 0.0 0.0
Interest rate swaps and non-designated hedges        
Net income (loss) recognized in other comprehensive income, tax 0.0 0.0 (0.1) 0.7
Reclassification adjustments for amounts recognized in net income (loss), tax $ 0.0 $ 0.0 $ 0.0 $ 0.1
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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Total Diebold Nixdorf, Incorporated Shareholders' Equity (Deficit)
Common Shares
Additional Capital
Retained Earnings (Deficit)
Treasury Shares
Accumulated Other Comprehensive Income (Loss)
Equity Warrants
Non-controlling Interests
Balance (shares) at Dec. 31, 2021     94.6            
Beginning balance at Dec. 31, 2021 $ (837.0) $ (845.1) $ 118.3 [1] $ 819.6 $ (822.4) $ (582.1) $ (378.5) $ 0.0 $ 8.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (585.6) (581.4)     (581.4)       (4.2)
Other comprehensive income (loss) 24.4 18.5         18.5   5.9
Share-based compensation issued (in shares)     1.2            
Share-based compensation issued 0.0 0.0 $ 1.5 [1] (1.5)          
Share-based compensation expense 13.4 13.4   13.4          
Treasury shares (3.5) (3.5)       (3.5)      
Distribution to noncontrolling interest holders, net (2.9) (2.9)     (2.9)        
Equity warrants 20.1 20.1           20.1  
Balance (shares) at Dec. 31, 2022     95.8            
Ending balance at Dec. 31, 2022 (1,371.1) (1,380.9) $ 119.8 [1] 831.5 (1,406.7) (585.6) (360.0) 20.1 9.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 1,361.9 1,362.7     1,362.7       (0.8)
Other comprehensive income (loss) 32.3 40.0         40.0   (7.7)
Share-based compensation issued (in shares)     1.2            
Share-based compensation issued (0.1) (0.1) $ 1.4 [1] (1.5)          
Share-based compensation expense 2.4 2.4   2.4          
Treasury shares (0.8) (0.8)       (0.8)      
Acceleration of Predecessor equity awards 2.8 2.8   2.8          
Elimination of Predecessor common shares, additional capital, retained earnings, treasury shares and warrants (in shares)     (97.0)            
Elimination of Predecessor common shares, additional capital, retained earnings, treasury shares and warrants (341.7) (341.7) $ (121.2) [1] (835.2) 48.4 586.4   (20.1)  
Elimination of accumulated other comprehensive income 320.0 320.0         320.0    
Change in value of non-controlling interests 12.6 0.0             12.6
Issuance of Successor common stock (in shares)     37.6            
Issuance of Successor common stock 1,039.0 1,039.0 $ 0.4 [1] 1,038.6          
Balance (shares) at Aug. 11, 2023     37.6            
Ending balance at Aug. 11, 2023 1,057.3 1,043.4 $ 0.4 [1] 1,038.6 4.4 0.0 0.0 0.0 13.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 14.7 13.4     13.4       1.3
Other comprehensive income (loss) 7.8 7.6         7.6   0.2
Share-based compensation expense 0.1 0.1   0.1          
Distribution to noncontrolling interest holders, net (0.7) (0.7)     (0.7)        
Balance (shares) at Dec. 31, 2023     37.6            
Ending balance at Dec. 31, 2023 1,079.2 1,063.8 $ 0.4 [1] 1,038.7 17.1 0.0 7.6 0.0 15.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (14.5) (16.5)     (16.5)       2.0
Other comprehensive income (loss) (125.8) (125.5)         (125.5)   (0.3)
Share-based compensation expense 9.7 9.7   9.7          
Distribution to noncontrolling interest holders, net (10.4) (1.7)     (1.7)       (8.7)
Balance (shares) at Dec. 31, 2024     37.6            
Ending balance at Dec. 31, 2024 $ 938.2 $ 929.8 $ 0.4 [1] $ 1,048.4 $ (1.1) $ 0.0 $ (117.9) $ 0.0 $ 8.4
[1] Successor Common Stock par value is $0.01, and the Predecessor Common Shares par value is $1.25.
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CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares
shares in Millions
 7 Months Ended 12 Months Ended
Aug. 11, 2023
Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]    
Treasury shares (in shares) 0.3 0.4
Common shares, par value (in dollars per share) $ 1.25  
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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Cash flow from operating activities        
Net income (loss) $ 14.7 $ 1,361.9 $ (14.5) $ (585.6)
Adjustments to reconcile net income (loss) to cash provided (used) by operating activities:        
Depreciation and amortization 21.4 35.5 40.1 56.4
Amortization of fair valued assets 37.6 41.8 92.2 69.6
Amortization of deferred financing costs into interest expense 0.9 21.8 1.9 15.5
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 9.7 13.4
Debt prepayment costs - Exit Facility 0.0 0.0 2.0 0.0
Loss on extinguishment of debt 0.0 0.0 7.1 0.0
Net pension settlements 0.0 0.0 4.4 10.1
Other 0.0 0.0 1.1 3.1
Loss (gain) on sale of assets, net (1.0) 1.2 (1.2) (5.1)
Impairment of assets 1.2 3.3 1.9 111.8
Deferred income taxes (43.2) 79.8 (34.1) 92.9
Changes in certain assets and liabilities:        
Trade receivables (101.6) 9.9 99.6 (49.4)
Inventories 150.8 (98.1) 20.9 (74.5)
Sales tax and net value added tax 31.9 (38.1) (19.1) 17.5
Income taxes 16.3 (26.0) 38.8 2.0
Accounts payable 75.0 (140.4) (42.2) (66.5)
Deferred revenue (43.2) (51.0) (34.6) 140.6
Accrued salaries, wages and commissions (1.0) 33.0 29.0 (72.5)
Restructuring accrual (3.8) (30.2) 5.8 9.4
Accrued interest 3.2 20.9 (5.3) (52.5)
Warranty liability 0.8 (3.4) 3.0 (7.3)
Prepaid expenses 0.1 4.6 (22.9) (3.9)
Pension and other post-retirement benefits 1.9 2.0 (1.1) (19.5)
Certain other assets and liabilities (4.1) 8.0 (33.3) 6.6
Net cash provided (used) by operating activities 158.0 (415.0) 149.2 (387.9)
Cash flow from investing activities        
Proceeds from divestitures, net of cash divested 0.0 0.0 0.0 10.5
Proceeds from maturities of investments 129.0 153.2 288.8 414.1
Payments for purchases of investments (129.5) (141.0) (295.2) (401.3)
Proceeds from sale of assets 0.0 0.0 1.3 6.0
Capital expenditures (9.8) (15.1) (17.4) (24.4)
Capitalized software development (9.8) (13.1) (23.0) (28.7)
Net cash used by investing activities (20.1) (16.0) (45.5) (23.8)
Cash flow from financing activities        
Borrowings and proceeds from debt 5.0 1,313.3 950.4  
Repayments of debt (6.7) (650.3) (1,250.5)  
Debt issuance costs 0.0 (5.1) (26.8) (15.7)
Payment of Exit Facility Call Premium 0.0 0.0 (21.0) 0.0
Debt prepayment costs and make-whole premium 0.0 (91.0) (2.0) 0.0
Distributions to noncontrolling interest holders 0.0 0.0 (10.4) (2.8)
Other (2.3) (3.4) (6.2) (7.8)
Net cash provided (used) by financing activities (4.0) 563.5 (366.5) 349.8
Effect of exchange rate changes on cash and cash equivalents 1.1 2.9 (18.2) (8.2)
Change in cash, cash equivalents and restricted cash 135.0 135.4 (281.0) (70.1)
Add: Cash included in assets held for sale at beginning of period 0.7 2.8 0.0 3.1
Less: Cash included in assets held for sale at end of period 0.0 0.7 0.0 2.8
Cash, cash equivalents and restricted cash at the beginning of the period 456.6 319.1 592.3 388.9
Cash, cash equivalents and restricted cash at the end of the period 592.3 456.6 311.3 319.1
Additional Cash Flow Elements, Summations [Abstract]        
Cash and cash equivalents 550.2 395.8 296.2 307.4
Restricted cash 42.1 60.8 15.1 11.7
Total cash, cash equivalents, and restricted cash 592.3 456.6 311.3 319.1
Cash paid for        
Income taxes 21.4 25.2 56.1 33.1
Interest 52.7 74.7 149.4 231.6
2027 Revolving Facility        
Cash flow from financing activities        
Borrowings and proceeds from debt 0.0 0.0 200.0 693.9
Repayments of debt 0.0 0.0 (200.0) (572.9)
2029 Revolving Facility        
Cash flow from financing activities        
Borrowings and proceeds from debt 0.0 0.0 70.0 0.0
Repayments of debt 0.0 0.0 (70.0) 0.0
Exit Facility        
Cash flow from financing activities        
Borrowings and proceeds from debt 0.0 1,250.0 0.0 0.0
Repayments of debt 0.0 0.0 (1,250.0)  
2030 Senior Secured Notes        
Cash flow from financing activities        
Borrowings and proceeds from debt 0.0 0.0 950.0 0.0
ABL Facility        
Cash flow from financing activities        
Repayments of debt 0.0 (188.3) 0.0 0.0
FILO Facility        
Cash flow from financing activities        
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 flow from financing activities        
Borrowings and proceeds from debt 0.0 0.0 0.0 370.0
Repayments of debt 0.0 (400.6) 0.0 0.0
International short-term uncommitted lines of credit        
Cash flow from financing activities        
Borrowings and proceeds from debt 5.0 4.4 0.4 16.1
Repayments of debt (6.7) (0.9) (0.5)  
Term Loan B Facility        
Cash flow from financing activities        
Repayments of debt 0.0 0.0 0.0 (115.6)
International short-term uncommitted lines of credit and Term Loan B USD and EUR        
Cash flow from financing activities        
Repayments of debt $ (6.7) $ (2.5) $ (0.5) $ (15.4)
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Bankruptcy Accounting and Fresh Start Accounting. The consolidated financial statements of Diebold Nixdorf, Incorporated and its wholly- and majority-owned subsidiaries (collectively, the Company) for the Predecessor Periods of January 1, 2023 through August 11, 2023 and the year end December 31, 2022 have been prepared using the going concern basis of accounting and in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic No. 852 – Reorganizations (ASC 852). See Note 2 and Note 3 for further detail.

In accordance with ASC 852, we applied fresh start accounting (Fresh Start Accounting) upon emergence from the Restructuring Proceedings (see Note 2), 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 as reflected in Note 3 – 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 twelve months ended December 31, 2022 and 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 balance sheets of the reorganized Company as of December 31, 2023 and December 31, 2024 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 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.

Principles of Consolidation. The consolidated financial statements 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.

Immaterial Error Correction. The Company’s consolidated statement of operations for the periods from July 1, 2023 through August 11, 2023 (Predecessor) and from August 12, 2023 through December 31, 2023 (Successor) include corrections of an immaterial prior period accounting error related to the recording of interest expense. The correction resulted in a decrease of $4.4 to “Interest expense” in the Predecessor Period and an increase of $4.4 to “Interest Expense” in the Successor Period. The Successor Period consolidated balance sheet as of December 31, 2023 also includes an increase of $4.4 to “Other assets”, and reduction of $4.4 to “Goodwill” as a result of the error correction.

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 shareholders’ equity, while transaction gains (losses) are included in net income (loss).
Acquisitions and Divestitures. Acquisitions are accounted for using the purchase method of accounting. This method requires the Company to record assets and liabilities of the business acquired at their estimated fair market values as of the acquisition date. Any excess cost of the acquisition over the fair value of the net assets acquired is recorded as goodwill. The Company generally uses valuation specialists to perform appraisals and assist in the determination of the fair values of the assets acquired and liabilities assumed. These valuations require management to make estimates and assumptions that are critical in determining the fair values of the assets and liabilities.

For all divestitures, the Company considers assets to be held for sale when management approves and commits to a formal plan to actively market the assets for sale at a price reasonable in relation to their estimated fair value, the assets are available for immediate sale in their present condition, an active program to locate a buyer and other actions required to complete the sale have been initiated, the sale of the assets is probable and expected to be completed within one year (or, if it is expected that others will impose conditions on the sale of the assets that will extend the period required to complete the sale, that a firm purchase commitment is probable within one year) and it is unlikely that significant changes will be made to the plan. Upon designation as held for sale, the Company records the assets at the lower of their carrying value or their estimated fair value, reduced for the cost to dispose of the assets, and ceases to record depreciation expense on the assets. Assets and liabilities are reclassified as held for sale in the period the held for sale criteria are met.

As of December 31, 2024, the Company had $9.6 and $— current assets and liabilities held for sale, respectively. The assets held for sale related to the Company's non-consolidated joint venture investment in Inspur Financial Information System Co., Ltd. (refer to Note 9 for further detail) and real property in Brazil. As of December 31 2023, the Company had no current assets and liabilities held for sale.

Revenue Recognition. Refer to Note 22.

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 are recorded at historical cost, including interest where applicable. As of August 11, 2023, as a result of Fresh Start Accounting, we have adjusted our property, plant and equipment, balances and remaining useful lives, to fair value.

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.

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.

Advertising Costs. Advertising costs are expensed as incurred and were $10.4, $3.5, $4.6 and $8.5 for the Successor Periods for the year ended December 31, 2024 and from August 12, 2023 to December 31, 2023, and the Predecessor Periods from January 1, 2023 to August 11, 2023 and the years ended December 31, 2022, respectively.

Research, Development and Engineering. Research, development and engineering costs are expensed as incurred and were $93.6, $34.4, $62.3 and $120.7 for the Successor Periods for the year ended December 31, 2024 and from August 12, 2023 to December 31, 2023, and the Predecessor Periods from January 1, 2023 to August 11, 2023, and the year ended December 31, 2022, respectively. This excludes certain software development costs of $23.0, $9.8 $13.1, and $28.7 for the Successor Periods for the year ended December 31, 2024 and the period from August 12, 2023 to December 31, 2023, and the Predecessor Periods from January 1, 2023 to August 11 2023, and the year ended December 31, 2022, respectively, which are capitalized after technological feasibility of the software is established.

Shipping and Handling Costs. The Company recognizes shipping and handling fees billed when products are shipped or
delivered to a customer and includes such amounts in net sales. Third-party freight payments are recorded in cost of sales.

Taxes on Income. Deferred taxes are provided on an 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 tax jurisdictions. Deferred tax assets are reduced by a valuation allowance when, based on 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 regularly assesses its position with regard to tax exposures and records liabilities for these uncertain tax positions and related interest and penalties, if any, 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.

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. The Company had $15.1 and $42.1 of restricted cash at December 31, 2024 and 2023, respectively. Refer to Note 21 for further information on restricted cash.

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 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 balance sheet 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. Mutual funds are valued at their net asset value (NAV) on the last day of the period.
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. Common collective trusts are valued at NAV on the last day of the period.
Level 3Unobservable inputs for which there is little or no market data.
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 certificates of deposit that are recorded at cost, which approximates fair value.

Assets Held in Rabbi Trusts / Deferred Compensation The fair value of the assets held in rabbi trusts (refer to Note 9) is derived from investments in a mix of money market, fixed income and equity funds. The related deferred compensation liability is also recorded at fair value.

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.

Forward Contracts A substantial portion of the Company’s operations and revenues are international. As a result, changes in foreign exchange rates can create substantial foreign exchange gains and losses from the revaluation of non-functional currency monetary assets and liabilities.

Interest Rate Swaps The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.

Refer to Note 20 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, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Beginning balance$3.6 $— $34.5 $35.3 
Charged to costs and expenses17.8 8.0 16.6 14.0 
Charged to other accounts (1)
(1.2)(0.2)(0.3)(0.1)
Deductions (2)
(9.3)(4.2)(14.7)(14.7)
Fresh Start Accounting adjustment— — (36.1)— 
Ending balance$10.9 $3.6 $— $34.5 
(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 uncollectible notes and finance lease receivables (collectively, financing 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. Deferred revenue is recorded for any services billed to customers and not yet recognizable if the contract period has commenced or for the amount collected from customers in advance of the contract period commencing. In addition, deferred revenue is recorded for products and other deliverables that are billed to and collected from customers prior to revenue being recognizable.

Goodwill. Goodwill in the Successor Period is the excess of the reorganization value of assets over the fair value of identifiable tangible and intangible assets (refer to Note 3). Goodwill in the Predecessor Period is the cost in excess of the net assets of acquired businesses (refer to Note 10).

The Company tests all existing goodwill at least annually for impairment on a reporting unit basis. The annual goodwill impairment test was performed as of October 1 for all periods presented.
The Company tests for interim impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the carrying value of a reporting unit below its reported amount. Each year, the Company may elect to perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In evaluating whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the Company considers the following events and circumstances, among others, if applicable: (a) macroeconomic conditions such as general economic conditions, limitations on accessing capital or other developments in equity and credit markets; (b) industry and market considerations such as competition, multiples or metrics and changes in the market for the Company's products and services or regulatory and political environments; (c) cost factors such as raw materials, labor or other costs; (d) overall financial performance such as cash flows, actual and planned revenue and earnings compared with actual and projected results of relevant prior periods; (e) other relevant events such as changes in key personnel, strategy or customers; (f) changes in the composition of a reporting unit's assets or expected sales of all or a portion of a reporting unit; and (g) any sustained decrease in share price.

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, or if management elects to perform a quantitative assessment of goodwill, an impairment test is used to identify potential goodwill impairment and measure the amount of any impairment loss to be recognized. The Company compares the fair value of each reporting unit with its carrying value and recognizes an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The fair value of the reporting units is determined based upon a combination of the income and market approach in valuation methodology. The income approach uses discounted estimated future cash flows, whereas the market approach or guideline public company method utilizes market data of similar publicly traded companies. The fair value of the reporting unit is defined as the price that would be received to sell the net assets or transfer the net liabilities in an orderly transaction between market participants at the assessment date.
The techniques used in the Company's quantitative assessment incorporate a number of assumptions that the Company believes to be reasonable and to reflect market conditions forecast at the assessment date. Assumptions in estimating future cash flows are subject to a high degree of judgment. The Company makes all efforts to forecast future cash flows as accurately as possible with the information available at the time the forecast is made. To this end, the Company evaluates the appropriateness of its assumptions as well as its overall forecasts by comparing projected results of upcoming years with actual results of preceding years and validating that differences therein are reasonable. Assumptions, which include Level 3 inputs, relate to revenue growth, material and operating costs, and discount rate. 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.

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. 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 actual experience compared with the more significant assumptions used and make adjustments to the assumptions, if warranted. The healthcare trend rates are reviewed based upon the results of actual claims experience. 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 rates of return based on a geometric averaging over 20 years. 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 or directly by the plan administrator. 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 balance sheets. 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.

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 percent of Inspur (Suzhou) Financial Information Technology Co., Ltd (Inspur JV) and 49.0 percent of Aisino-Wincor Retail & Banking Systems (Shanghai) Co., Ltd (Aisino JV) as of December 31, 2024. The Company engages in transactions with these entities in the ordinary course of business. As of December 31, 2024, the Company had accounts receivable due from and accounts payable due to these affiliates of $11.5 and $27.0, respectively, which are included in trade receivables, less allowances for doubtful accounts and accounts payable, respectively, on the consolidated balance sheets.

Recently Adopted Accounting Guidance
In November 2023, the FASB issued ASU 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07). The amendments of ASU 2023-07 require an enhanced disclosure of significant segment expenses on an annual and interim basis. Upon adoption, the guidance was applied retrospectively. Refer to Note 24 of the consolidated financial statements for more information.

The effects of the adoption of the ASUs listed below did not significantly impact the Company's financial statements:
Standards Pending AdoptionDescriptionEffective Date
ASU 2020-04 Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial ReportingThe standard provides optional expedients and exceptions for applying GAAP to contracts, hedges and other transaction that are impacted by reference rate reform. The adoption of this ASU did not have a significant impact on the Company's consolidated financial statements.January 1, 2024
ASU 2022-06 Reference Rate Reform (Topic 848) - Deferral of the Sunset Date of Topic 848The standard defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The adoption of this ASU did not have a significant impact on the Company's consolidated financial statements.January 1, 2024

Recently Issued Accounting Guidance
The following ASUs were recently issued by the FASB, which could significantly impact the Company's financial statements:

Standards Pending AdoptionDescriptionEffective/Adoption DateAnticipated Impact
ASU 2023-09 Income Taxes (Topic 740) - Improvements to Income Tax DisclosuresThe standard 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.December 31, 2025The Company is currently assessing the impact this ASU will have on its consolidated financial statements. The ASU allows for early adoption in any year end after issuance of the update.
ASU 2024-01 Stock Compensation (Topic 718) - Scope Application of Profits Interest and Similar AwardsThis standard adds an illustrative example to determine whether a profit interest award should be accounted for as a share-based arrangement (Topic 718) or similar to a cash bonus or profit-sharing arrangement (Topic 710).December 31, 2025The Company does not expect this ASU will have a significant impact on its consolidated financial statements.
ASU 2024-03 Comprehensive Income (Topic 220) - Disaggregation of Income Statement ExpensesThis standard 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.December 31, 2027The Company is currently assessing the impact this ASU will have on its consolidated financial statements. The ASU allows for early adoption in any year after issuance of the update.
ASU 2024-04 Debt (Topic 740) - Induced Conversions of Convertible Debt InstrumentsThis standard clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion.December 31, 2026The Company does not expect this ASU will have a significant impact on its consolidated financial statements.
v3.25.0.1
CHAPTER 11 CASES AND DUTCH SCHEME PROCEEDINGS
 12 Months Ended
Dec. 31, 2024
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). The cases were jointly administered under the caption In re: Diebold Holding Company, LLC, et al. (Case No. 23-90602) (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 (Wet homologatie onderhands akkoord) in the District Court of Amsterdam (the Dutch Court). In addition, on June 12, 2023, Diebold Dutch 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 entered an order confirming 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 WHOA Sanction Order) sanctioning the Netherlands WHOA Plan of Diebold Dutch and the Dutch Scheme Companies (the WHOA Plan) in the Dutch Scheme Proceedings. On August 7, 2023, the U.S. Bankruptcy Court entered an order in the Chapter 15 Proceedings recognizing the WHOA Plan and the WHOA Sanction Order.
On August 11, 2023 (the Effective Date or Fresh Start Reporting Date), the U.S. Plan and WHOA 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.
FRESH START ACCOUNTING
Upon emergence from the Chapter 11 Cases and Dutch Scheme Proceedings, the Company qualified for and adopted Fresh Start Accounting, which resulted in the Company becoming a new entity for financial reporting purposes (the Successor).

The reorganization value derived from the range of enterprise values 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.

As a result of the adoption of Fresh Start Accounting and the effects of the implementation of the Plans, the Company’s consolidated financial statements of the Successor, are not comparable to the consolidated financial statements of the Predecessor.
v3.25.0.1
FRESH START ACCOUNTING
 12 Months Ended
Dec. 31, 2024
Reorganizations [Abstract]  
FRESH START ACCOUNTING 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). The cases were jointly administered under the caption In re: Diebold Holding Company, LLC, et al. (Case No. 23-90602) (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 (Wet homologatie onderhands akkoord) in the District Court of Amsterdam (the Dutch Court). In addition, on June 12, 2023, Diebold Dutch 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 entered an order confirming 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 WHOA Sanction Order) sanctioning the Netherlands WHOA Plan of Diebold Dutch and the Dutch Scheme Companies (the WHOA Plan) in the Dutch Scheme Proceedings. On August 7, 2023, the U.S. Bankruptcy Court entered an order in the Chapter 15 Proceedings recognizing the WHOA Plan and the WHOA Sanction Order.
On August 11, 2023 (the Effective Date or Fresh Start Reporting Date), the U.S. Plan and WHOA 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.
FRESH START ACCOUNTING
Upon emergence from the Chapter 11 Cases and Dutch Scheme Proceedings, the Company qualified for and adopted Fresh Start Accounting, which resulted in the Company becoming a new entity for financial reporting purposes (the Successor).

The reorganization value derived from the range of enterprise values 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.

As a result of the adoption of Fresh Start Accounting and the effects of the implementation of the Plans, the Company’s consolidated financial statements of the Successor, are not comparable to the consolidated financial statements of the Predecessor.
v3.25.0.1
EARNINGS (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is based on the weighted-average number of common stock outstanding. Diluted earnings (loss) per share includes the dilutive effect of potential shares of common stock outstanding. Under the two-class method of computing earnings (loss) per share, non-vested share-based payment awards that contain rights to receive non-forfeitable dividends are considered participating securities. During the Predecessor Periods, the Company’s participating securities include restricted stock units (RSUs), director deferred shares and shares that were vested but deferred by employees. There were no vested participating securities in the Successor Period. 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 year ending December 31, 2024, the period from August 12, 2023 through December 31, 2023 and the Predecessor Periods of the period from January 1, 2023 through August 11, 2023 and the years ended December 31, 2022 and 2021, 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 is in a net loss position in the years ended December 31, 2022, and 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 for the years ended December 31:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Numerator
Income (loss) used in basic and diluted loss per share
Net income (loss)$(14.5)$14.7 $1,361.9 $(585.6)
Net income (loss) income attributable to noncontrolling interests2.0 1.3 (0.8)(4.2)
Net income (loss) attributable to Diebold Nixdorf, Incorporated$(16.5)$13.4 $1,362.7 $(581.4)
Denominator
Weighted-average number of shares of common stock used in basic earnings (loss) per share (1)
37.6 37.6 79.7 79.0 
Effect of dilutive shares (1)
— — 1.7 — 
Weighted-average number of shares used in diluted earnings (loss) per share
37.6 37.6 81.4 79.0 
Net income (loss) per share attributable to Diebold Nixdorf, Incorporated
Basic and diluted income (loss) per share$(0.44)$0.36 $17.10 $(7.36)
Diluted earnings income (loss) per share$(0.44)$0.36 $16.74 $(7.36)
Anti-dilutive shares
Anti-dilutive shares not used in calculating diluted weighted-average shares1.1 — 2.1 4.2 
(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. Shares of 1.5 for the year ended December 31, 2022 are excluded from the computation of diluted earnings (loss) per share because the effects are anti-dilutive due to the net loss position.
v3.25.0.1
SHARE-BASED COMPENSATION AND EQUITY
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION AND EQUITY SHARE-BASED COMPENSATION AND EQUITY
Share-Based Compensation Cost. 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. 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, 2024.
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 for the periods presented:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Stock options
Pre-tax compensation expense$4.1 $0.1 $— $0.3 
Tax benefit(0.9)— — — 
Stock option expense, net of tax$3.2 $0.1 $— $0.3 
RSU's
Pre-tax compensation expense$5.6 $— $2.3 $13.6 
Acceleration of Predecessor awards— — 2.7 — 
Tax benefit(1.3)— (1.2)(1.6)
RSU expense, net of tax$4.3 $— $3.8 $12.0 
Performance shares
Pre-tax compensation expense$— $— $0.1 $(0.5)
Tax benefit— — — — 
Performance share expense, net of tax$— $— $0.1 $(0.5)
Total share-based compensation
Pre-tax compensation expense$9.7 $0.1 $2.4 $13.4 
Acceleration of Predecessor awards— — 2.7 — 
Tax benefit(2.2)— (1.2)(1.6)
Total share-based compensation, net of tax$7.5 $0.1 $3.9 $11.8 

The following table summarizes information related to unrecognized share-based compensation costs as of December 31, 2024 (Successor):
Unrecognized
Cost		Weighted-Average Period
(years)
Stock options$10.9 2.4
RSUs14.3 1.7
$25.2 
SHARE-BASED COMPENSATION AWARDS

Stock options, RSUs and performance shares were granted by the Predecessor Periods prior to 2023, and were issued to officers and other management employees under the Company’s Amended and Restated 1991 Equity and Performance Incentive Plan (as amended and restated as of February 12, 2014) (the 1991 Plan) and the 2017 Plan. In the Successor Periods, stock options and RSUs were issued to officers and other management employees under the Company’s 2023 Plan.

Stock Options
In 2024, stock options were granted to management employees under the 2023 Plan. These awards are market condition vested options that vest over four years, provided certain stock trading levels are achieved. 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 2022. 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, using the following assumptions:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Expected life (in years)3.953.7500
Weighted-average volatility47.16 %65 %— %— %
Risk-free interest rate4.19 %3.94 %— %— %
Expected dividend yield— %— %— %— %

The Company uses historical data to estimate the expected life within the valuation model. Expected volatility is based on historical volatility of the price of guideline public companies shares over the expected life of the equity instrument. The risk-free rate of interest is based on U.S. Treasury Constant Maturity yields over the expected life of the equity instrument. The expected dividend yield is based on actual dividends paid per share and the price of the Company’s common stock.

Options outstanding and exercisable as of December 31, 2024 and changes during the year ended were as follows:
Number of SharesWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term
Aggregate Intrinsic Value (1)
(per share)(in years)
Outstanding at January 1, 2024 0.6 $30.00 
Expired or forfeited(0.1)$30.90 
Exercised— $— 
Granted0.6 $33.15 
Outstanding at December 31, 2024 1.1 $31.58 6.3$— 
Options exercisable at December 31, 20240.1 $30.00 3.7$— 
(1)The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company’s closing share price on the last trading day of the year in 2024 and the exercise price, multiplied by the number of “in-the-money” options) that would have been received by the option holders had all option holders exercised their options on December 31, 2024. The amount of aggregate intrinsic value will change based on the fair market value of the Company’s common stock.


The aggregate intrinsic value of options exercised was minimal for the year ended December 31, 2024, the period from August 12, 2023 through December 31, 2023, the period January 1, 2023 through August 11, 2023 and the year ended December 31, 2022. The weighted-average, grant-date fair value of stock options granted for the year ended December 31, 2024 was $12.41.

Restricted Stock Units
Each RSU provides for 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.

Non-vested RSUs outstanding as of December 31, 2024 and changes during the year ended were as follows:
Number of
Shares		Weighted-Average
Grant-Date
Fair Value
Non-vested at January 1, 20240.3 $29.00 
Forfeited— $— 
Vested(0.1)$29.00 
Granted0.4 $34.66 
Non-vested at December 31, 20240.6 $32.60 

The weighted-average grant-date fair value of RSUs granted for the year ended December 31, 2024,the period from August 12, 2023 to December 31, 2023, the period from January 1, 2023 to August 11, 2023, and the year ended December 31, 2022 was $34.66, $29.00, $0.0 and $6.57, respectively. The total fair value of RSUs vested during the year ended December 31, 2024, the period from August 12, 2023 to December 31, 2023, the period from January 1, 2023 to August 11, 2023, and the year ended December 31, 2022 was $2.0, $0.0, $8.2 and $11.0, respectively.
Performance Shares
In the Predecessor Periods, performance shares were granted to employees and vested based on the achievement of certain performance objectives, as determined by the Board of Directors. Each performance share earned entitled the holder to one share of common stock of the Company. The Company's performance shares included performance objectives that were assessed after a period of four years as well as performance objectives that were assessed annually over a period of four years. No shares were vested unless certain performance threshold objectives were met.

The weighted-average grant-date fair value of performance shares granted for the year ended December 31, 2022 was $7.28. No performance shares were granted in the period from January 1, 2023 to August 11, 2023, the period from August 12, 2023 to December 31, 2023 or the year ended December 31, 2024.

Liability Awards
In addition to the equity 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 $11.6, $1.8, $3.8 and $(4.7) for year ended December 31, 2024, the period from August 12, 2023 to December 31, 2023, the period from January 1, 2023 to August 11, 2023 and the year ended December 31, 2022, respectively. These awards vest ratably or cliff vest over a three-year period.
v3.25.0.1
INCOME TAXES
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The following table presents components of (loss) income from operations before taxes:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Domestic$(195.8)$(67.1)$797.1 $(413.2)
Foreign243.1 62.6 655.7 (25.4)
Total$47.3 $(4.5)$1,452.8 $(438.6)

The following table presents the components of income tax expense (benefit):
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Current
U.S. federal$6.8 $(1.5)$(3.7)$8.5 
Foreign59.1 33.0 14.4 43.3 
State and local6.5 (0.4)— 4.0 
Total current72.4 31.1 10.7 55.8 
Deferred
U.S. federal(15.7)(27.1)29.5 62.5 
Foreign11.6 (11.7)42.0 22.4 
State and local(4.0)(7.0)8.2 8.5 
Total deferred(8.1)(45.8)79.7 93.4 
Income tax expense (benefit) $64.3 $(14.7)$90.4 $149.2 
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 percent to pre-tax loss from operations. The following table presents these differences:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Statutory tax expense (benefit)$9.9 $(0.9)$305.1 $(92.1)
State and local taxes (net of federal tax benefit)2.2 (5.1)8.4 (17.6)
Brazil non-taxable incentive— (3.3)(0.6)(4.6)
Valuation allowances6.6 1.1 (194.0)209.8 
Goodwill impairment— — — 9.3 
Foreign tax rate differential17.4 1.5 47.3 (4.6)
Tax on unremitted foreign earnings(3.5)1.5 6.8 4.2 
Change to uncertain tax positions(3.2)— (1.8)1.8 
U.S. taxed foreign income6.3 (9.2)23.6 17.1 
Non-deductible (non-taxable) items17.2 16.2 65.8 15.5 
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 3.3 
Withholding tax and other taxes9.2 5.1 0.6 5.4 
Other0.1 0.1 (2.2)1.7 
Income tax expense (benefit) $64.3 $(14.7)$90.4 $149.2 

The effective tax rate for the year ended December 31, 2024 was 135.9 percent. 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 percent. 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 percent. 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 effective tax rate for the year ended December 31, 2022 was (34.0) percent. Tax expense items contributing to the difference from the U.S. federal income tax rate included valuation allowances, U.S. tax on foreign income, non-deductible expenses, goodwill impairments, withholding taxes, changes to uncertain tax position accruals and other items. These items were partially offset by benefits of utilization of U.S. foreign tax credits, nontaxable incentives, and foreign rate differential.

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, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Balance at beginning of the period$52.6 $52.7 $52.1 $55.1 
Increases (decreases) related to prior year tax positions, net4.7 — 0.6 (1.7)
Settlements— — — (0.7)
Reductions due to lapse of applicable statute of limitations(1.9)(0.1)— (0.6)
Balance the end of the period$55.4 $52.6 $52.7 $52.1 

Of the Company's $55.4 unrecognized tax benefits as of December 31, 2024, if recognized, $15.4 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, 2024 and 2023, accrued interest and penalties related to unrecognized tax benefits totaled $0.9 and $1.4, respectively.

Within the next 12 months, we expect unrecognized tax benefits to reduce by approximately $6.0 related to the anticipated closing of open tax examinations.

Tax years prior to 2018 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 2012 to the present. In addition, the Company is subject to a German tax audit for tax years 2018-2020, 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:

20242023
Deferred tax assets
Accrued expenses$139.3 $96.8 
Warranty accrual6.5 7.5 
Deferred compensation2.0 — 
Allowances for doubtful accounts3.7 2.0 
Inventories17.0 22.6 
Deferred revenue26.7 31.3 
Pensions, post-retirement and other benefits45.5 50.7 
Capitalized R&D29.8 21.1 
Tax credits6.0 7.3 
Net operating loss carryforwards99.8 127.9 
Capital loss carryforwards1.3 1.2 
State deferred taxes7.0 6.3 
Lease liability30.6 21.8 
Other3.4 7.4 
418.6 403.9 
Valuation allowances(213.4)(233.6)
Net deferred tax assets$205.2 $170.3 
Deferred tax liabilities
Property, plant and equipment, net$15.4 $33.5 
Goodwill and intangible assets226.6 203.9 
Undistributed earnings38.0 43.4 
Right-of-use assets32.0 22.7 
Other0.5 0.3 
Net deferred tax liabilities312.5 303.8 
Net deferred tax liabilities$(107.3)$(133.5)

Deferred income taxes reported in the consolidated balance sheets as of December 31 are as follows:
20242023
Deferred income taxes - assets$69.5 $71.4 
Deferred income taxes - liabilities(176.8)(204.9)
Net deferred tax liabilities$(107.3)$(133.5)

As of December 31, 2024, the Company had domestic and international net operating loss (NOL) carryforwards of $386.3, resulting in an NOL deferred tax asset of $105.1. Of these NOL carryforwards, $136.2 expire at various times between 2025 and 2045 and $250.1 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 year ended December 31, 2024, the Successor Period ended December 31, 2023 and the Predecessor Period ended August 11, 2023 were decreases of $20.2, $46.6 and $188.1, respectively. The 2024 valuation allowance decrease was driven primarily by utilization of foreign net operating losses and certain valuation allowance releases. Of the total 2024 net decrease of $20.2, the Company recorded $5.1 to tax expense, approximately $15.1 was recorded to shareholder’s equity.

For the year ended December 31, 2024 and as well as for the Successor Period ended December 31, 2023 and the Predecessor Period ended August 11, 2023, 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 $440.4 of undistributed earnings at December 31, 2024 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 Company’s undistributed earnings in foreign subsidiaries that are deemed permanently reinvested decreased compared to the prior-year amount and was primarily impacted by current year distributions.
v3.25.0.1
INVENTORIES
 12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Major classes of inventories at December 31 are summarized as follows:
20242023
Raw materials and work in process$170.3 $174.0 
Finished goods183.9 242.0 
Total product inventories354.2 416.0 
Service parts173.9 173.8 
Total inventories$528.1 $589.8 
v3.25.0.1
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
The following is a summary of property, plant and equipment, at cost less accumulated depreciation and amortization as of December 31:
Estimated Useful Life
(years)		20242023
Land and land improvements
(1)
$17.2 $21.6 
Buildings and building improvements
15-30
47.3 48.0 
Machinery, tools and equipment
3-12
32.2 34.8 
Leasehold improvements (2)
10
3.5 6.6 
Computer equipment
3-5
13.2 17.1 
Computer software
 5-10
5.2 6.1 
Furniture and fixtures
5-8
15.9 18.0 
Tooling
5
21.9 11.7 
Construction in progress13.5 9.4 
Total property plant and equipment, at cost$169.9 $173.3 
Less accumulated depreciation and amortization41.8 14.3 
Total property plant and equipment, net$128.1 $159.0 
(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 is computed on a straight-line basis over the estimated useful lives of the related assets. Depreciation expense was as follows:

SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Depreciation expense$29.5 $16.2 $18.3 
v3.25.0.1
INVESTMENTS
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS INVESTMENTS
The Company’s investments, primarily in Brazil, consist of certificates of deposit that are recorded at fair value based upon quoted market prices. 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, 2024.

The Company has deferred compensation plans that enable certain employees to defer receipt of a portion of their cash, 401(k) or share-based compensation and enable non-employee directors to defer receipt of director fees at the participants’ discretion. For deferred cash-based compensation, the Company established rabbi trusts (refer to Note 20), which are recorded at fair value of the underlying securities within securities and other investments. The related deferred compensation liability is recorded at fair value within other long-term liabilities. Realized and unrealized gains and losses on marketable securities in the rabbi trusts are recognized in interest income.

The Company’s investments subject to fair value measurement consist of the following:
Cost BasisUnrealized GainFair Value
As of December 31, 2024
Short-term investments
Certificates of deposit$16.9 $— $16.9 
Long-term investments
Assets held in a rabbi trust$2.2 $0.9 $3.1 
As of December 31, 2023
Short-term investments
Certificates of deposit$13.4 $— $13.4 
Long-term investments:
Assets held in a rabbi trust$2.3 $0.6 $2.9 

Securities and other investments also includes cash surrender value of insurance contracts of $3.9 and $3.6 as of December 31, 2024 and 2023, respectively.
The Company has certain non-consolidated joint ventures that are not significant subsidiaries and are accounted for under the equity method of accounting. The Company owns 48.1 percent of Inspur Financial Information System Co., Ltd. (Inspur JV) and 49.0 percent of Aisino-Wincor Retail & Banking Systems (Shanghai) Co., Ltd. (Aisino JV). The Company engages in transactions in the ordinary course of business with the respective joint ventures. As of December 31, 2024, the Company had accounts receivable due from and accounts payable due to these joint ventures of $11.5 and $27.0, respectively, which are included in trade receivables, less allowances for doubtful accounts and accounts payable on the consolidated balance sheets.
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Predecessor
The sustained decline in the Company’s stock price during the Predecessor Periods and its market capitalization, in addition to substantial doubt about the Company's ability to continue as a going concern were in combination considered a triggering event indicating that it was possible that the fair value of the reporting units could be less than their carrying amounts, including goodwill. This trigger was identified as of March 31, 2023 and the facts and circumstances continued to be present through the date the Company emerged from the Restructuring Proceedings. The Predecessor performed an interim quantitative goodwill impairment test as of March 31, 2023 using a combination of the income valuation and market approach methodologies. The determination of the fair value of the reporting units requires significant estimates and assumptions, including significant unobservable inputs. The key inputs included, but were not limited to, discount rates, terminal growth rates, market multiple data from selected guideline public companies, management’s internal forecasts which include numerous assumptions such as projected net sales, gross profit, sales mix, operating and capital expenditures and earnings before interest and taxes margins, among others.

No impairment resulted from the interim quantitative goodwill impairment test. As of the interim impairment testing date of March 31, 2023, the indicated fair value was in excess of carrying value for both the Banking and Retail segments by approximately 43 percent and 34 percent, respectively.
The filing of the Chapter 11 Cases and Chapter 15 Proceedings were considered a continuation of the triggering event identified at March 31, 2023 in which it was indicated that it was possible that the fair value of the reporting units could be less than their carrying amounts, including goodwill. A quantitative analysis was performed and no impairment resulted in the Predecessor Periods.

Successor
The excess of the Successor’s reorganization value over the fair value of identified tangible and intangible assets as of the Effective Date is reported separately on the Company’s consolidated balance sheets as goodwill.

We performed a quantitative assessment of our Banking and Retail reporting units as of October 1, 2024. 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.

The changes in the carrying amount of goodwill are as follows:
BankingRetailTotal
Goodwill$903.6 $269.6 $1,173.2 
Accumulated impairment losses(413.7)(57.2)(470.9)
Balance at January 1, 2023 (Predecessor)$489.9 $212.4 $702.3 
Currency translation adjustment8.5 3.5 12.0 
Fresh Start adjustment to goodwill(444.0)(124.6)(568.6)
Fresh Start adjustment to accumulated impairment losses$413.7 $57.2 $470.9 
Balance at August 12, 2023 (Successor)$468.1 $148.5 $616.6 
Currency translation adjustment— (0.1)(0.1)
Divestiture— (4.2)(4.2)
Balance at December 31, 2023 (Successor)$468.1 $144.2 $612.3 
Currency translation adjustment(19.7)(6.2)(25.9)
Balance at December 31, 2024 (Successor)$448.4 $138.0 $586.4 



Intangible Assets. Intangible assets consists of net capitalized software development costs, patents, trademarks and other 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, 2024December 31, 2023
Weighted-average remaining useful livesGross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships, net16.3 years$523.8 $(41.1)$482.7 $555.5 $(12.5)$543.0 
Trademarks and trade names17.4 years114.5 (8.5)106.0 118.8 (2.6)116.2 
Capitalized software development3.8 years46.9 (6.1)40.8 22.0 (1.1)20.9 
Technology know-how and development costs non-software4.9 years186.2 (41.3)144.9 193.3 (12.5)180.8 
Other0.2 years38.3 (34.1)4.2 40.6 (10.2)30.4 
Other intangible assets, net385.9 (90.0)295.9 374.7 (26.4)348.3 
Total$909.7 $(131.1)$778.6 $930.2 $(38.9)$891.3 
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, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Beginning balance$20.9 $13.8 $42.5 $43.2 
Capitalization23.0 9.8 13.1 28.7 
Amortization(3.5)(1.8)(12.4)(14.1)
Impairment— — — (9.8)
Other0.4 (0.9)(6.1)(5.5)
Fresh Start Accounting Adjustments— — (23.3)— 
Ending balance$40.8 $20.9 $13.8 $42.5 

The Company's total amortization expense, excluding deferred financing costs, was $103.7, $42.8, $59.0 and $96.2 for the year ended December 31, 2024 (Successor), the period from August 12, 2023 through December 31, 2023 (Successor), the period from January 1, 2023 through August 11, 2023 (Predecessor), and the year ended December 31, 2022 (Predecessor), respectively. The expected annual amortization expense is as follows:
Estimated amortization
2025$82.3 
202678.0 
202778.0 
202878.0 
202959.4 
Thereafter402.9 
$778.6 
v3.25.0.1
PRODUCT WARRANTIES
 12 Months Ended
Dec. 31, 2024
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, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Beginning balance$28.0 $26.6 $28.3 
Accruals40.1 16.3 18.8 
Settlements(43.7)(14.6)(21.9)
Currency translation(1.9)(0.3)1.4 
Ending balance$22.5 $28.0 $26.6 
v3.25.0.1
RESTRUCTURING
 12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
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 savings realized were in line with expectations. The most significant expense of the initiative related to severance payments, while the remainder of the expenses incurred primarily relate to transitioning personnel and consultant fees in relation to the transformation process.

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 total amount expected to be incurred in relation to the continuous improvement initiative is $140, which includes $43 and $12 related to our Banking and Retail segments, respectively. The most significant expense of the year ended December 31, 2024 primarily relate to transitioning personnel and consultant fees in relation to the improvement process. Total restructuring charges for the year ended December 31, 2024 for the Banking and Retail segments were $20.0 and $7.8, respectively.

The following table summarizes the impact of the Company’s restructuring charges on consolidated statements of operations:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Cost of sales - services$24.6 $(1.4)$5.3 $7.7 
Cost of sales - products3.2 (1.5)0.8 13.1 
Selling and administrative expense72.0 25.4 29.4 94.4 
Research, development and engineering expense4.6 0.1 1.5 9.0 
Impairment of assets and other1.7 — 1.9 — 
Total$106.1 $22.6 $38.9 $124.2 
The following table summarizes the Company’s restructuring severance accrual balance and related activity:
Balance at January 1, 2022 (Predecessor)$35.3 
Liabilities incurred62.5 
Liabilities paid/settled(53.6)
Balance at December 31, 2022 (Predecessor)$44.2 
Liabilities incurred6.8 
Liabilities paid/settled(37.0)
Other$0.4 
Balance as of August 12, 2023 (Successor)$14.4 
Liabilities incurred5.3 
Liabilities paid/settled(9.4)
Balance at December 31, 2023 (Successor)$10.3 
Liabilities incurred32.8 
Liabilities paid/settled(26.9)
Other(0.3)
Balance at December 31, 2024 (Successor)$15.9 
v3.25.0.1
DEBT
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
DEBT DEBT
Outstanding debt balances were as follows:
December 31, 2024December 31, 2023
Notes payable – current
Other$0.2 $0.3 
$0.2 $0.3 
Long-term debt
Exit Facility$— $1,250.0 
2030 Senior Secured Notes950.0 — 
Other15.8 3.6 
$965.8 $1,253.6 
Long-term deferred financing fees(38.5)(1.2)
$927.3 $1,252.4 

2024 Refinancing Activities

Senior Secured Notes Due 2030 (the 2030 Senior Secured Notes)
On December 18, 2024, the Company issued $950.0 in aggregate principal amount 7.75% Senior Secured Notes in 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 (the 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 New 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 New Revolving Credit Facility or incurs or guarantees certain capital markets indebtedness (the 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 New 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.

New Revolving Credit Agreement
On December 18, 2024, the Company entered into a new credit agreement (the New 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 New Revolving Credit Facility).

The Company may repay the loans under the New Revolving Credit Facility at any time. Amounts borrowed and repaid under the New Revolving Credit Facility may be reborrowed. As of December 31, 2024, no amounts were outstanding on the New Revolving Credit Facility.

The obligations of the Company under the New Revolving Credit Facility are guaranteed by the Guarantors. The New 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.

Loans under the New 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 New 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 New Revolving Credit Facility. Proceeds from borrowings under the New 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 Exit Facility (as described above), (ii) repay all of the borrowings outstanding under the Prior Revolving Credit Facility (as described above), and (iii) pay all related premiums, fees, and expenses (collectively, the December 2024 Refinancing).

The Company evaluated the issuance of the 2030 Senior Secured Notes, the entry into of the New Credit Agreement and the borrowings and the repayment of the Exit Facility and the Prior Revolving Credit Facility under the modification and extinguishment guidance in accordance with ASC 470 - Debt.

The December 2024 Refinancing was accounted for as a partial modification, partial extinguishment and new debt issuance at the syndicated lender level. Based on the application of the loan modification and extinguishment guidance within ASC 470, 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 in accordance with ASC 470. 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 New Revolving Credit Facility. Based on the results of the revolver capacity test performed in accordance with ASC 470, 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.
DIP Facility and Exit Credit Agreement
On June 5, 2023, the Company, as borrower, entered into the credit agreement governing a $1,250.0 senior secured superpriority debtor-in-possession term loan credit facility (DIP Facility), along with certain financial institutions party thereto, as lenders (the DIP Lenders), and GLAS USA LLC, as administrative agent, and GLAS Americas LLC, as collateral agent (the DIP Credit Agreement), and the closing of the DIP Facility occurred on the same day. The DIP Facility provided for two tranches of term loans to be made on the closing date of the DIP Facility: (i) a $760.0 Term B-1 tranche and (ii) a $490.0 Term B-2 tranche.

On June 5, 2023, the proceeds of the DIP Facility were used, among others, to: (i) repay in full the term loan obligations, including a make-whole premium, under a superpriority secured term loan facility and (ii) repay in full an asset-based revolving credit facility and cash collateralize letters of credit thereunder. The payment for the superpriority facility totaled $492.3 and was comprised of $401.3 of principal and interest, $20.0 of premium, and a make-whole amount of $71.0. The payment for the asset-based revolving credit facility, including an additional tranche of commitments consisting of a senior secured "last out" term loan facility, and the cash collateralization of the letters of credit thereunder totaled $241.0 and was comprised of $211.2 of principal and interest and $29.8 of the cash collateralized letters of credit.

The DIP Facility provided for the following premiums and fees, as further described in the DIP Credit Agreement: (i) a participation premium equal to 10.00% of new common stock upon reorganization (subject only to dilution on account of the management incentive plan contemplated by the U.S. Plan); (ii) a backstop premium equal to 13.50% of new common stock; (iii) an upfront premium equal to 7.00% of new common stock and (iv) an additional premium equal to 7.00% of new common stock. Per the terms of the agreement, the backstop premium, the upfront premium and the additional premium were considered earned on May 30, 2023, and the participation premium was earned on the closing date in respect of the DIP Facility (i.e., June 5, 2023). As of June 30, 2023, the Company estimated the value of the DIP Facility premium based upon the midpoint of the equity value contained in the Disclosure Statement associated with the U.S. Plan.

On the Effective Date (i.e., August 11, 2023), the Company, as borrower, entered into a credit agreement (the Exit Credit Agreement) governing its $1,250.0 senior secured term loan credit facility (the Exit Facility) along with the DIP Lenders, GLAS USA LLC, as administrative agent, and GLAS Americas LLC, as collateral agent.

Concurrently with the closing of the Exit Facility, the Company’s existing $1,250.0 DIP Facility was terminated and the loans outstanding under the DIP Facility were converted into loans outstanding under the Exit Facility (the Conversion), and the liens and guarantees, including all guarantees and liens granted by certain subsidiaries of the Company that are organized in the United States and in certain foreign jurisdictions, granted under the DIP Facility were automatically terminated and released.

In connection with the Conversion, the entire $1,250.0 under the Exit Facility was deemed drawn on the Effective Date.

As described above, on December 18, 2024, the Company used proceeds from the borrowings under the New Revolving Credit Facility, proceeds from the issuance of the 2030 Senior Secured Notes and cash on hand to repurchase all of the term loans under the Exit Facility.

Lines of Credit
The Company had various international, short-term lines of credit with borrowing limits aggregating to $16.8 and $8.2 as of December 31, 2024 and 2023, respectively. The remaining amount available under the short-term uncommitted lines at December 31, 2024 and 2023 was $16.8 and $8.2. Short-term uncommitted lines mature in less than one year. These lines of credit support working capital, vendor financing and foreign exchange derivatives.

Prior Revolving Credit Facility
On February 13, 2024, the Company, as borrower, entered into a credit agreement (the Prior Credit Agreement) with certain financial institutions party thereto, as lenders, and PNC Bank, National Association, as administrative agent and collateral agent. The Prior Credit Agreement provides for a superior-priority senior secured revolving credit facility (the Prior Revolving Credit Facility) in an aggregate principal amount of $200.0, which includes a $50.0 letter of credit sub-limit and a $20.0 swing loan sub-limit. Borrowings under the Prior Revolving Credit Facility were permitted to be used by the Company for (i) the Repayment (as defined below) and (ii) general corporate purposes and working capital. As of the effective date of the Prior Credit Agreement, the Prior Revolving Credit Facility was fully drawn.

Concurrently with the closing of the Prior Revolving Credit Facility, the Company prepaid (the Repayment) $200.0 of outstanding principal of its senior secured term loans under the Exit Credit Agreement.
The cash flows related to debt borrowings and repayments were as follows:

SuccessorPredecessor
Year endedPeriod from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
December 31, 2024
Prior Revolving Credit Facility Borrowings$200.0 $— $— 
Prior Revolving Credit Facility Repayments$(200.0)$— $— 
New Revolving Credit Facility Borrowings$70.0 $— $— 
New Revolving Credit Facility Repayments$(70.0)$— $— 
Other debt borrowings
FILO$— $— $58.9 
Proceeds from Exit Financing— — 1,250.0 
Proceeds from 2030 Senior Secured Notes950.0 — — 
International short-term uncommitted lines of credit borrowings0.4 5.0 4.4 
$950.4 $5.0 $1,313.3 
Other debt repayments
Payments on Exit Financing$(1,250.0)$— $— 
Payments on Term Loan B Facility - USD under the Credit Agreement— — (1.3)
Payments on Term Loan B Facility - Euro under the Credit Agreement— — (0.3)
Repayment of ABL, net— — (188.3)
Repayment of FILO— — (58.9)
Repayment of 2025 Superpriority Term Loans— — (400.6)
International short term uncommitted lines of credit and other repayments (0.5)(6.7)(0.9)
$(1,250.5)$(6.7)$(650.3)

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
New Revolving Credit Facility(i)
SOFR + 2.75%-3.50%
December 20295.00
(i)SOFR with a floor of 0.0 percent
Interest expense on the Company’s debt instruments was $141.3, $64.7, $148.7 and $187.9 for the year ended December 31, 2024 (Successor), the period from August 12, 2023 through December 31, 2023 (Successor), the period from January 1, 2023 through August 11, 2023 (Predecessor), and the year ended December 31, 2022 (Predecessor), respectively.
v3.25.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table summarizes the changes in the Company’s AOCI, net of tax, by component:
TranslationForeign Currency HedgesInterest Rate HedgesPension and Other Post-Retirement BenefitsOtherAccumulated Other Comprehensive Income (Loss)
Balance at December 31, 2022 (Predecessor)$(352.1)$(1.9)$5.3 $(12.6)$1.3 $(360.0)
Other comprehensive income (loss) before reclassifications (1)
28.7 4.7 3.4 0.1 — 36.9 
Amounts reclassified from AOCI— — — 3.1 — 3.1 
Fresh Start Accounting Adjustments323.4 (2.8)(8.7)9.4 (1.3)320.0 
Net current period other comprehensive income (loss)352.1 1.9 (5.3)12.6 (1.3)360.0 
Balance at August 12, 2023 (Successor)$— $— $— $— $— $— 
Other comprehensive income (loss) before reclassifications (2)
14.2 (0.1)— (0.1)(0.4)13.6 
Amounts reclassified from AOCI— — — (6.0)— (6.0)
Net current period other comprehensive income (loss)14.2 (0.1)— (6.1)(0.4)7.6 
Balance at December 31, 2023 (Successor)$14.2 $(0.1)$— $(6.1)$(0.4)$7.6 
Other comprehensive income (loss) before reclassifications (3)
(125.8)— (0.1)(0.1)— (126.0)
Amounts reclassified from AOCI— — — 0.5 — 0.5 
Net current period other comprehensive income (loss)(125.8)— (0.1)0.4 — (125.5)
Balance at December 31, 2024 (Successor)$(111.6)$(0.1)$(0.1)$(5.7)$(0.4)$(117.9)
(1)    Other comprehensive income (loss) before reclassifications within the translation component excludes $(9.7) of translation attributable to noncontrolling interests.
(2)    Other comprehensive income (loss) before reclassifications within the translation component excludes $(0.2) of translation attributable to noncontrolling interests.
(3)    Other comprehensive income (loss) before reclassifications within the translation component excludes $0.3 of translation attributable to noncontrolling interests.
The following table summarizes the details about amounts reclassified from AOCI:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Amount Reclassified from AOCIAmount Reclassified from AOCIAmount Reclassified from AOCIAffected Line Item in the Statement of Operations
Pension and post-retirement benefits:
Net prior service benefit (cost) amortization (net of tax of $(0.7) and $(0.2) in the Successor Periods and $0.2 in the Predecessor Period, respectively)
0.2 0.4 (0.2)(1)
Net actuarial gains (losses) recognized during the year (net of tax of $2.5 and $2.6 in the Successor Periods and $(4.9) in the Predecessor Period, respectively)
(0.9)(6.5)4.2 (1)
Net actuarial gains (losses) recognized due to settlement (net of tax of $(3.2) and $0.0 in the Successor Periods and $1.1 in the Predecessor Period, respectively)
1.2 0.1 (0.9)(1)
Total reclassifications for the period$0.5 $(6.0)$3.1 
(1)    Pension and other post-retirement benefits AOCI components are included in the computation of net periodic benefit cost (refer to Note 16).
v3.25.0.1
DIVESTITURES
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
DIVESTITURES DIVESTITURES
Successor Divestitures
During the Successor Period of 2023, the Company sold its non-core European retail business that had been classified as held for sale.

Predecessor Divestitures
In the first and second quarters of 2022, the Company received net proceeds of $5.8 and $4.7, respectively, from the German reverse vending business sale. The Company signed a divestiture agreement for its German reverse vending business in the fourth quarter of 2021, however the transaction had not closed as it was pending the regulatory process as of December 31, 2021. An impairment loss was recorded in 2021 related to this transaction for $1.3.

In the third quarter of 2022, the Company received $3.5 in cash proceeds related to the sale of IT assets with no book value.

In the fourth quarter of 2022, the Company received $2.7 in cash proceeds and recognized $1.9 of gain related to the sale of a building in Belgium.
v3.25.0.1
BENEFIT PLANS
 12 Months Ended
Dec. 31, 2024
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, and funded status for the Company’s U.S. defined benefit pension plans:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
2024
Change in benefit obligation
Benefit obligation at beginning of period$362.3 $351.5 $359.8 
Interest cost19.1 7.6 11.9 
Actuarial loss (gain)5.4 10.1 (10.1)
Benefits paid(21.0)(6.9)(10.1)
Settlements(68.7)— — 
Benefit obligation at end of period297.1 362.3 351.5 
Change in plan assets
Fair value of plan assets at beginning of period301.9 293.3 293.0 
Actual return on plan assets0.9 14.3 8.4 
Employer contributions3.0 1.2 2.0 
Benefits paid(21.0)(6.9)(10.1)
Settlements(68.7)— — 
Fair value of plan assets at end of period216.1 301.9 293.3 
Funded status$(81.0)$(60.4)$(58.2)

The following tables set forth the change in benefit obligation, change in plan assets, and funded status for the Company's non-U.S. defined benefit plans:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
2024
Change in benefit obligation
Benefit obligation at beginning of period$326.1 $306.4 $297.5 
Service cost6.7 2.7 3.9 
Interest cost10.3 4.3 7.2 
Actuarial loss (gain)6.6 15.9 5.5 
Plan participant contributions1.2 0.1 1.1 
Benefits paid(6.8)(2.9)(4.6)
Plan amendments(0.9)(0.6)— 
Special termination benefits0.5 — — 
Curtailment— — (0.1)
Settlements(23.5)(2.9)(16.8)
Foreign currency impact(20.2)3.4 12.7 
Acquired benefit plans and other— (0.3)— 
Benefit obligation at end of period300.0 326.1 306.4 
Change in plan assets
Fair value of plan assets at beginning of period$348.6 $333.3 $325.3 
Actual return on plan assets39.1 15.2 14.5 
Employer contributions11.3 2.9 1.0 
Plan participant contributions1.2 0.1 1.1 
Benefits paid(6.8)(2.9)(4.6)
Foreign currency impact(21.4)2.9 12.8 
Settlements(23.5)(2.9)(16.8)
Fair value of plan assets at end of period348.5 348.6 333.3 
Funded status$48.5 $22.5 $26.9 

The following tables set forth the change in benefit obligation, change in plan assets, and funded status for the Company's other benefits:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
2024
Change in benefit obligation
Benefit obligation at beginning of period$4.0 $4.1 $4.3 
Interest cost0.3 0.1 0.2 
Actuarial loss (gain)(0.2)0.4 0.1 
Benefits paid(0.6)(0.6)(0.6)
Foreign currency impact(0.3)— 0.1 
Benefit obligation at end of period3.2 4.0 4.1 
Change in plan assets
Employer contributions0.6 0.6 0.6 
Benefits paid(0.6)(0.6)(0.6)
Fair value of plan assets at end of period— — — 
Funded status$(3.2)$(4.0)$(4.1)
The following table sets forth the consolidated balance sheet presentation for the Company’s defined benefit pension plans and other benefits at and for the years ended December 31:
20242023
Pension Benefits - U.S. Plans
Noncurrent assets$0.1 $— 
Current liabilities3.2 — 
Noncurrent liabilities (1)
77.9 60.4 
Accumulated other comprehensive income (loss):
Unrecognized net actuarial gain (loss) (2)
(19.8)(2.1)
Net amount recognized$61.2 $58.3 
Pension Benefits - Non-U.S. Plans
Noncurrent assets$91.5 $70.3 
Current liabilities3.1 4.3 
Noncurrent liabilities (1)
39.9 43.5 
Accumulated other comprehensive income (loss):
Unrecognized net actuarial gain (loss) (2)
11.5 (6.6)
Unrecognized prior service benefit (cost) (2)
1.4 0.6 
Net amount recognized$(35.6)$(28.5)
Other Benefits
Noncurrent assets$— $— 
Current liabilities0.4 0.4 
Noncurrent liabilities (1)
2.8 3.6 
Accumulated other comprehensive income (loss):
Unrecognized net actuarial gain (loss) (2)
(0.2)(0.5)
Net amount recognized$3.0 $3.5 
(1)    Included in the consolidated balance sheets 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.
The following table sets forth the change in accumulated other comprehensive income (loss) for the Company’s defined benefit pension plans and other benefits:

SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
2024
Pension Benefits - U.S. Plans
Balance at beginning of period$(2.1)$— $(77.3)
Net actuarial gains (losses) recognized during the period(22.7)(2.1)7.9 
Net actuarial gains (losses) occurring during the period— — 0.4 
Net actuarial gains (losses) recognized due to settlement5.0 — — 
Fresh Start Accounting Adjustments— — 69.0 
Balance at end of period$(19.8)$(2.1)$— 
Pension Benefits - Non-U.S. Plans
Balance at beginning of period$(6.0)$— $51.3 
Prior service credit (cost) recognized during the period0.9 0.6 (0.4)
Net actuarial gains (losses) recognized during the period19.1 (6.5)1.2 
Net actuarial gains (losses) occurring during the period— — (2.2)
Net actuarial gains (losses) recognized due to settlement(0.6)0.1 (2.0)
Foreign currency impact(0.5)(0.2)2.2 
Fresh Start Accounting Adjustments— (50.1)
Balance at end of period$12.9 $(6.0)$— 
Other Benefits
Balance at beginning of period$(0.5)$— $5.6 
Net actuarial gains (losses) recognized during the period0.2 (0.5)— 
Net actuarial gains (losses) occurring during the period— — (0.3)
Foreign currency impact0.1 — 0.2 
Fresh Start Accounting Adjustments— — (5.5)
Balance at end of period$(0.2)$(0.5)$— 
The following table sets forth the components of net periodic benefit cost for the Company’s defined benefit pension plans and other benefits:

SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Pension Benefits - U.S. Plans
Interest cost$19.1 $7.6 $11.9 $17.3 
Expected return on plan assets(18.1)(6.0)(11.0)(21.2)
Recognized net actuarial (gain) loss— — 0.4 4.4 
Settlement loss (gain)5.0 — — 14.3 
Net periodic benefit cost$6.0 $1.6 $1.3 $14.8 
Pension Benefits - Non-U.S. Plans
Service cost$6.7 $2.7 $3.9 $8.9 
Interest cost10.3 4.3 7.2 4.1 
Expected return on plan assets(13.4)(5.2)(8.4)(14.5)
Amortization of prior service cost(0.1)— (0.5)(0.4)
Recognized net actuarial loss (gain)— — (2.2)(1.6)
Curtailment loss— — (0.1)— 
Settlement loss (gain)(0.6)0.1 (2.1)(4.1)
Special termination benefits0.5 — — — 
Net periodic benefit cost$3.4 $1.9 $(2.2)$(7.6)
Other Benefits
Service cost$— $— $— $— 
Interest cost0.3 0.1 0.2 0.2 
Recognized net actuarial loss (gain)— — (0.3)(0.4)
Net periodic benefit cost$0.3 $0.1 $(0.1)$(0.2)


The following table represents information for pension plans with an accumulated benefit obligation in excess of plan assets at December 31:
20242023
U.S. PlansNon-U.S. PlansU.S. PlansNon-U.S. Plans
Projected benefit obligation$296.1 $200.2 $362.3 $216.2 
Accumulated benefit obligation$296.1 $186.3 $362.3 $203.6 
Fair value of plan assets$215.0 $62.6 $301.9 $63.7 
The following table represents the weighted-average assumptions used to determine benefit obligations:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Pension Benefits - U.S. Plans
Discount rate5.73%5.52%5.69%
Rate of compensation increaseN/AN/AN/A
Pension Benefits - Non-U.S. Plans
Discount rate4.47%4.87%4.76%
Rate of compensation increase4.17%4.25%3.88%
Other Benefits
Discount rate7.28%6.97%6.83%
Rate of compensation increaseN/AN/AN/A

The following table represents the weighted-average assumptions used to determine periodic benefit cost:

SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Pension Benefits - U.S. Plans
Discount rate5.52%5.69%5.59%
Expected long-term return on plan assets6.30%5.25%5.25%
Rate of compensation increaseN/AN/AN/A
Pension Benefits - Non-U.S. Plans
Discount rate4.87%4.76%4.92%
Expected long-term return on plan assets3.60%3.75%3.75%
Rate of compensation increase4.25%3.91%3.88%
Other Benefits
Discount rate6.97%6.83%6.84%
Expected long-term return on plan assetsN/AN/AN/A
Rate of compensation increaseN/AN/AN/A


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 primarily determined using the plan’s current asset allocation and its expected 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.

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, 2024, the Company used the Pri-2012 mortality tables and the MP-2021 mortality projection scales. The Pri-2012 mortality tables were also used in 2023.
The following table represents assumed healthcare cost trend rates:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Healthcare cost trend rate assumed for next year6.6%5.6%5.7%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)4.2%4.2%4.2%
Year that rate reaches ultimate trend rate204720462046

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 6.6 percent, 5.6 percent and 5.7 percent in the year ended December 31, 2024, the period from August 12, 2023 to December 31, 2023, and the period from January 1, 2023 to August 11, 2023, respectively, with an ultimate trend rate of 4.2 percent reached in 2047. Assumed healthcare cost trend rates have a modest effect on the amounts reported for the healthcare plans.

A one-percentage-point change in assumed healthcare cost trend rates results in a minimal impact to total service and interest cost and post-retirement benefit obligation.

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 or declines, the debt security target allocation will increase and decrease, respectively. 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 2025, 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, 2024 and 2023:
U.S. PlansNon-U.S. Plans
TargetActualTargetActual
202520242023202520242023
Equity securities41%40%39%50%50%51%
Debt securities50%47%51%29%29%29%
Real estate4%6%5%7%7%8%
Other5%7%5%14%14%12%
Total100%100%100%100%100%100%
The following table summarizes the fair value categorized into a three level hierarchy, as discussed in Note 1, based upon the assumptions (inputs) 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 

The following table summarizes the fair value of the Company’s plan assets as of December 31, 2023:
U.S. PlansNon-U.S. Plans
Fair ValueLevel 1Level 2NAVFair ValueLevel 1Level 2NAV
Cash and short-term investments$2.5 $2.5 $— $— $11.5 $10.7 $— $0.8 
Mutual funds1.0 1.0 — — — — — — 
Equity securities
International developed markets— — — — 178.7 178.7 — — 
Fixed income securities
International corporate bonds— — — — 56.3 56.3 — — 
Fixed and index funds— — — — 43.9 43.9 — — 
Common collective trusts
Real estate (a)15.2 — — 15.2 26.3 — 13.1 13.2 
Other (b)269.6 — — 269.6 18.8 — — 18.8 
Alternative investments
Private equity funds (c)13.6 — — 13.6 — — — — 
Other alternative investments (d)— — — — 13.1 0.2 — 12.9 
Fair value of plan assets at end of year$301.9 $3.5 $— $298.4 $348.6 $289.8 $13.1 $45.7 

In 2024 and 2023, 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, 2024, investments in this CCT, for U.S. plans, included approximately 16 percent office, 28 percent residential, 10 percent retail and 46 percent industrial, cash and other. As of December 31, 2023, investments in this CCT, for U.S. plans, included approximately 21 percent office, 32 percent residential, 10 percent retail and 38 percent 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, 2024, approximately 55 percent of the other CCTs are invested in fixed income securities including 59 percent in corporate bonds and 41 percent in U.S. Treasury and other. Approximately 19 percent of the other CCTs at December 31, 2024 are invested in Russell 1000 Fund large cap index funds, 14 percent in International Funds, and approximately 12 percent in funds, including emerging markets, real assets, and other funds. At December 31, 2023, approximately 53 percent of the other CCTs are invested in fixed-income securities, including approximately 36 percent in corporate bonds and 64 percent in U.S. Treasury and other. Approximately 19 percent of the other CCTs at December 31, 2023 are invested in Russell 1000 Fund large cap index funds, 16 percent in International Funds, and approximately 12 percent 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, 2024 and 2023, investments in these private equity funds include approximately 38 percent and 42 percent, respectively, in buyout private equity funds that usually invest in mature companies with established business plans, approximately 32 percent and 31 percent, respectively, in special situations private equity and debt funds that focus on niche investment strategies and approximately 30 percent and 27 percent 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, 2024 and 2023 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 following table represents the amortization amounts expected to be recognized during 2025:
U.S. Pension BenefitsNon-U.S. Pension BenefitsOther Benefits
Amount of net prior service credit$— $(0.1)$— 
Amount of net loss (gain)$— $(3.5)$— 

The Company contributed $14.9 to its retirement and other benefit plans, including contributions to the nonqualified plan and benefits paid from company assets. In 2024, the Company received a reimbursement of $19.1 from the CTA assets to the Company for benefits paid directly from company assets during the year ended December 31, 2024. The Company expects to contribute approximately $0.4 to its other post-retirement benefit plan and expects to contribute approximately $35.0 to its retirement plans, including the nonqualified plan, as well as benefits payments directly from the Company during the year ending December 31, 2025. The Company anticipates reimbursement of approximately $23 for certain benefits paid from its trustee in 2024. 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
2025$23.0 $34.9 $0.4 $0.4 
2026$23.3 $23.5 $0.4 $0.4 
2027$23.6 $21.3 $0.4 $0.4 
2028$23.7 $21.5 $0.4 $0.3 
2029$23.6 $20.7 $0.3 $0.3 
2029-2033$115.5 $89.5 $1.4 $1.3 
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 $6.7, $2.4, $4.0 and $7.0 for the year ended December 31, 2024, the period from August 12, 2023 to December 31, 2023, the period from January 1, 2023 to August 11, 2023 and the year ended December 31, 2022, respectively. The Company's basic match is 50 percent on the first 6 percent of a participant's qualified contributions, subject to IRS limits.
v3.25.0.1
LEASES
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
LEASES LEASES
The Company utilizes lease agreements to meet its operating needs. These leases support global staff via the use of office space, warehouses, vehicles and IT equipment. The Company utilizes both operating and finance leases in its portfolio of leased assets, however, the majority of these leases are classified as operating. A significant portion of the volume of the lease portfolio is in fleet vehicles and IT office equipment; however, real estate leases constitute a majority of the value of the right-of-use (ROU) assets. Lease agreements are utilized worldwide, with the largest location concentration in the United States, Germany and India.

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. The Company assesses these renewal/extension options using a threshold of reasonably certain, therefore, the majority of its lease terms for accounting purposes do not include renewal periods. For leases where the Company is reasonably certain to renew, those optional periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. Some of the vehicle and IT equipment leases also include options to purchase the leased asset, typically at end of term at fair market value. Some of the Company's leases include options to terminate the lease early. This allows the contract parties to terminate their obligations under the lease contract, sometimes in return for an agreed upon financial consideration. The terms and conditions of the termination options vary by contract, and for those leases where the Company is reasonably certain to use these options, the term and payments recognized in the measurement of ROU assets and lease liabilities has been updated accordingly. Additionally, there are several open-ended lease arrangements where the Company controls the option to continue or terminate the arrangement at any time after the first year. For these arrangements, the Company has analyzed a mix of historical use and future economic incentives to determine the reasonable expected holding period. This term is used for measurement of ROU assets and lease liabilities. 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.
The following table summarizes the weighted-average remaining lease terms and discount rates related to the Company's lease population:
December 31, 2024December 31, 2023
Weighted-average remaining lease terms (in years)
Operating leases2.84.8
Finance leases5.12.5
Weighted-average discount rate
Operating leases6.3%8.3%
Finance leases7.7%6.6%

Certain lease agreements include payments based on a variety of global indexes or rates. These payment amounts have been projected using the index or rate as of lease commencement or the transition date and measured in ROU assets and lease liabilities. Other leases contain variable payments that are based on actual usage of the underlying assets and, therefore, are not measured in assets or liabilities as the variable payments are not based on an index or a rate. For real estate leases, these payments are most often tied to non-committed maintenance or utilities charges, and for equipment leases, to actual output or hours in operation. These amounts typically become known when the invoice is received, which is when expense is recognized. In rare circumstances, the Company's lease agreements may contain residual value guarantees. The Company's lease agreements do not contain any restrictions or covenants, such as those relating to dividends or incurring additional financial obligations.

As of December 31, 2024, the Company did not have any material leases that have not yet commenced but that create significant rights and obligations.

The Company determines whether an arrangement is or includes a lease at contract inception. All contracts containing the right to use an underlying asset are reviewed to confirm that the contract meets the definition of a lease. ROU assets and liabilities are recognized at commencement date and initially measured based on the present value of lease payments over the defined lease term.

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.

The following table summarizes the components of lease expense for the years ended December 31:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
20242022
Lease expense
Operating lease expense$64.6 $25.3 $41.9 $75.7 
Finance lease expense
Amortization of ROU lease assets$6.8 $1.9 $2.4 $4.1 
Interest on lease liabilities$1.6 $0.2 $0.5 $0.7 
Variable lease expense$11.9 $4.1 $5.2 $10.1 
The following table summarizes the maturities of lease liabilities:
OperatingFinance
2025$51.2 $6.1 
202635.6 4.1 
202721.9 3.1 
202810.9 2.1 
20295.3 1.6 
Thereafter15.3 11.7 
Total140.2 28.7 
Less: Present value discount(20.6)(8.4)
Lease liability$119.6 $20.3 

The following table summarizes the cash flow information related to leases:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
 20242022
Cash paid for amounts included in the measurement of lease liabilities: 
Operating - operating cash flows$70.5 $30.1 $43.3 $76.2 
Finance - financing cash flows$6.2 $2.2 $2.5 $4.3 
Finance - operating cash flows$1.6 $0.2 $0.5 $0.7 
ROU lease assets obtained in the exchange for lease liabilities:
Operating leases$59.5 $6.7 $19.2 $28.1 
Finance leases$5.3 $0.6 $0.6 $7.4 

The following table summarizes the balance sheet information related to leases:
 December 31, 2024December 31, 2023
Assets
Operating$118.1 $98.7 
Finance19.7 6.9 
Total leased assets$137.8 $105.6 
Current liabilities
Operating$43.3 $39.6 
Finance4.5 3.7 
Noncurrent liabilities
Operating76.3 65.1 
Finance15.8 3.6 
Total lease liabilities$139.9 $112.0 
Finance leases are included in other assets, other current liabilities and long-term debt on the consolidated balance sheets.
LEASES LEASES
The Company utilizes lease agreements to meet its operating needs. These leases support global staff via the use of office space, warehouses, vehicles and IT equipment. The Company utilizes both operating and finance leases in its portfolio of leased assets, however, the majority of these leases are classified as operating. A significant portion of the volume of the lease portfolio is in fleet vehicles and IT office equipment; however, real estate leases constitute a majority of the value of the right-of-use (ROU) assets. Lease agreements are utilized worldwide, with the largest location concentration in the United States, Germany and India.

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. The Company assesses these renewal/extension options using a threshold of reasonably certain, therefore, the majority of its lease terms for accounting purposes do not include renewal periods. For leases where the Company is reasonably certain to renew, those optional periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. Some of the vehicle and IT equipment leases also include options to purchase the leased asset, typically at end of term at fair market value. Some of the Company's leases include options to terminate the lease early. This allows the contract parties to terminate their obligations under the lease contract, sometimes in return for an agreed upon financial consideration. The terms and conditions of the termination options vary by contract, and for those leases where the Company is reasonably certain to use these options, the term and payments recognized in the measurement of ROU assets and lease liabilities has been updated accordingly. Additionally, there are several open-ended lease arrangements where the Company controls the option to continue or terminate the arrangement at any time after the first year. For these arrangements, the Company has analyzed a mix of historical use and future economic incentives to determine the reasonable expected holding period. This term is used for measurement of ROU assets and lease liabilities. 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.
The following table summarizes the weighted-average remaining lease terms and discount rates related to the Company's lease population:
December 31, 2024December 31, 2023
Weighted-average remaining lease terms (in years)
Operating leases2.84.8
Finance leases5.12.5
Weighted-average discount rate
Operating leases6.3%8.3%
Finance leases7.7%6.6%

Certain lease agreements include payments based on a variety of global indexes or rates. These payment amounts have been projected using the index or rate as of lease commencement or the transition date and measured in ROU assets and lease liabilities. Other leases contain variable payments that are based on actual usage of the underlying assets and, therefore, are not measured in assets or liabilities as the variable payments are not based on an index or a rate. For real estate leases, these payments are most often tied to non-committed maintenance or utilities charges, and for equipment leases, to actual output or hours in operation. These amounts typically become known when the invoice is received, which is when expense is recognized. In rare circumstances, the Company's lease agreements may contain residual value guarantees. The Company's lease agreements do not contain any restrictions or covenants, such as those relating to dividends or incurring additional financial obligations.

As of December 31, 2024, the Company did not have any material leases that have not yet commenced but that create significant rights and obligations.

The Company determines whether an arrangement is or includes a lease at contract inception. All contracts containing the right to use an underlying asset are reviewed to confirm that the contract meets the definition of a lease. ROU assets and liabilities are recognized at commencement date and initially measured based on the present value of lease payments over the defined lease term.

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.

The following table summarizes the components of lease expense for the years ended December 31:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
20242022
Lease expense
Operating lease expense$64.6 $25.3 $41.9 $75.7 
Finance lease expense
Amortization of ROU lease assets$6.8 $1.9 $2.4 $4.1 
Interest on lease liabilities$1.6 $0.2 $0.5 $0.7 
Variable lease expense$11.9 $4.1 $5.2 $10.1 
The following table summarizes the maturities of lease liabilities:
OperatingFinance
2025$51.2 $6.1 
202635.6 4.1 
202721.9 3.1 
202810.9 2.1 
20295.3 1.6 
Thereafter15.3 11.7 
Total140.2 28.7 
Less: Present value discount(20.6)(8.4)
Lease liability$119.6 $20.3 

The following table summarizes the cash flow information related to leases:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
 20242022
Cash paid for amounts included in the measurement of lease liabilities: 
Operating - operating cash flows$70.5 $30.1 $43.3 $76.2 
Finance - financing cash flows$6.2 $2.2 $2.5 $4.3 
Finance - operating cash flows$1.6 $0.2 $0.5 $0.7 
ROU lease assets obtained in the exchange for lease liabilities:
Operating leases$59.5 $6.7 $19.2 $28.1 
Finance leases$5.3 $0.6 $0.6 $7.4 

The following table summarizes the balance sheet information related to leases:
 December 31, 2024December 31, 2023
Assets
Operating$118.1 $98.7 
Finance19.7 6.9 
Total leased assets$137.8 $105.6 
Current liabilities
Operating$43.3 $39.6 
Finance4.5 3.7 
Noncurrent liabilities
Operating76.3 65.1 
Finance15.8 3.6 
Total lease liabilities$139.9 $112.0 
Finance leases are included in other assets, other current liabilities and long-term debt on the consolidated balance sheets.
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FINANCE LEASE RECEIVABLES
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
FINANCE LEASE RECEIVABLES FINANCE LEASE RECEIVABLES
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, 2024 are as follows:
2025$6.7 
20263.7 
20272.4 
20282.0 
20291.9 
Thereafter1.7 
$18.4 

The following table presents the components of finance lease receivables as of December 31:
20242023
Gross minimum lease receivable$18.4 $24.4 
Allowance for credit losses(0.1)(0.2)
18.3 24.2 
Less:
Unearned interest income(0.7)(0.9)
(0.7)(0.9)
Total$17.6 $23.3 

The Company's combined allowance for finance receivables and notes receivables was minimal for the year ended December 31, 2024, the period from August 12, 2023 to December 31, 2023 and the period from January 1, 2023 to August 11, 2023, respectively. 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. As of December 31, 2023, finance leases and notes receivables individually evaluated for impairment were $23.5 and $0.5, respectively, with no provision recorded. As of December 31, 2024 and 2023, the recorded investment in past-due financing receivables was minimal and no recorded investment in finance receivables was past due 90 days or more and still accruing interest.
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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
The Company is exposed to certain risks arising from both its business operations and economic conditions and manages certain economic risks, including interest rate and foreign exchange rate risk, through the use of derivative financial instruments. The Company's interest rate derivatives are used to manage interest expense on variable interest rate borrowings.

The following table summarizes the gain (loss) recognized on derivative instruments:
SuccessorPredecessor
Derivative instrumentClassification on consolidated statement of operationsYear ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Interest rate swaps and non-designated hedgesInterest expense$0.2 $— $(0.5)$(4.4)
Foreign exchange forward contracts and cash flow hedgesNet sales— — — (0.1)
Foreign exchange forward contracts and cash flow hedgesCost of sales— — — (0.5)
Foreign exchange forward contracts and cash flow hedgesForeign exchange gain (loss), net(0.3)(0.4)— — 
Total$(0.1)$(0.4)$(0.5)$(5.0)

FOREIGN EXCHANGE

Non-Designated Hedges. A substantial portion of the Company’s operations and revenues are international. As a result, changes in foreign exchange rates can create substantial foreign exchange gains and losses from the revaluation of non-
functional currency monetary assets and liabilities. The Company’s policy allows the use of foreign exchange forward contracts with maturities of up to 24 months to mitigate the impact of currency fluctuations on those foreign currency asset and liability balances. The Company elected not to apply hedge accounting to its foreign exchange forward contracts. Thus, spot-based gains/losses offset revaluation gains/losses within foreign exchange loss, net and forward-based gains/losses represent interest expense or income.

INTEREST RATE

Cash Flow Hedges. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. Amounts reported in AOCI related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. The Company estimates that a minimal amount will be reclassified as a decrease to interest expense over the next year.

The Company does not use derivatives for trading or speculative purposes and currently does not have any additional derivatives that are not designated as hedges.
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FAIR VALUE OF ASSETS AND LIABILITIES
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE OF ASSETS AND LIABILITIES FAIR VALUE OF ASSETS AND LIABILITIES
Assets and Liabilities Recorded at Fair Value

Assets and liabilities subject to fair value measurement by fair value level and recorded at fair value are as follows:
Classification on consolidated balance sheetsDecember 31, 2024December 31, 2023
Fair ValueLevel 1Level 2Fair ValueLevel 1Level 2
Assets
Certificates of depositShort-term investments$16.9 $16.9 $— $13.4 $13.4 $— 
Assets held in rabbi trustsSecurities and other investments3.1 3.1 — 2.9 2.9 — 
Total$20.0 $20.0 $— $16.3 $16.3 $— 
Liabilities
Foreign exchange forward contractsOther current liabilities$— $— $— $0.4 $— $0.4 
Deferred compensationOther liabilities3.1 — 3.1 2.9 2.9 — 
Total$3.1 $— $3.1 $3.3 $2.9 $0.4 

The Company uses the end of the period when determining the timing of transfers between levels. During 2024 and 2023, there were no transfers between levels.

Debt had a carrying value of $966.0 and fair value of $987.4 at December 31, 2024, and a carrying value of $1,253.9 and fair value of $1,285.5 at December 31, 2023.

Refer to Note 13 for further details surrounding long-term debt as of December 31, 2024 compared to December 31, 2023. Additionally, the Company remeasures certain assets to fair value, using Level 3 measurements, as a result of the occurrence of triggering events. There was no significant assets or liabilities that were remeasured at fair value on a non-recurring basis during the periods presented.
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COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Contractual Obligations

At December 31, 2024, 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 2024. 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.

At December 31, 2024, the Company was a party to several routine indirect tax claims from various taxing authorities globally that were incurred in the normal course of business, which neither individually nor in the aggregate are considered material by management in relation to the Company’s financial position or results of operations. 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, 2024 to be up to $56.1 for its material indirect tax matters. The aggregate risk related to indirect taxes is adjusted as the applicable statutes of limitations expire.

Legal Contingencies

At December 31, 2024, 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.

In addition to these normal course of business litigation matters, the Successor company continues to be a party to the proceedings that began in the Predecessor Period described below:
Diebold Nixdorf Holding Germany GmbH, formerly Diebold Nixdorf Holding Germany Inc. & Co. KGaA (Diebold KGaA), is a party to two separate appraisal proceedings (Spruchverfahren) in connection with the purchase of all shares in its former listed subsidiary, Diebold Nixdorf AG. The first appraisal proceeding, which relates to the Domination and Profit/Loss Transfer Agreement (DPLTA) entered into by Diebold KGaA and former Diebold Nixdorf AG, which became effective on February 17, 2017, is pending at the Higher Regional Court (Oberlandesgericht) of Düsseldorf (Germany) as the court of appeal. The DPLTA appraisal proceeding was filed by minority shareholders of Diebold Nixdorf AG challenging the adequacy of both the cash exit compensation of €55.02 per Diebold Nixdorf AG share (of which 6.9 shares were then outstanding) and the annual recurring compensation of €2.82 per Diebold Nixdorf AG share offered in connection with the DPLTA.

The second appraisal proceeding relates to the cash merger squeeze-out of minority shareholders of Diebold Nixdorf AG in 2019 and is currently pending at the same Chamber for Commercial Matters (Kammer für Handelssachen) at the District Court (Landgericht) of Dortmund (Germany) that was originally competent for the DPLTA appraisal proceedings. The squeeze-out appraisal proceeding was filed by former minority shareholders of Diebold Nixdorf AG challenging the adequacy of both the cash exit compensation of €54.80 per Diebold Nixdorf AG share (of which 1.4 shares were then outstanding) in connection with the merger squeeze-out.

In both appraisal proceedings, a court ruling would apply to all Diebold Nixdorf AG shares outstanding at the time when the DPLTA or the merger squeeze-out, respectively, became effective. Any cash compensation received by former Diebold Nixdorf AG shareholders in connection with the merger squeeze-out would be netted with any higher cash compensation such shareholder may still claim in connection with the DPLTA appraisal proceeding.

The District Court of Dortmund dismissed in 2022 all claims to increase the cash compensation and the annual recurring compensation in the DPLTA appraisal proceeding and rejected in 2023 all claims to increase the cash compensation in the merger squeeze-out appraisal proceeding. These first instance decisions, however, are not final as some of the plaintiffs filed appeals in both, the DPLTA appraisal proceeding and the squeeze-out appraisal proceeding. The Company believes that the compensation offered in connection with the DPLTA and the merger squeeze-out was in both cases fair and that the decisions of the District Court of Dortmund in the DPLTA and merger squeeze-out appraisal proceedings validate its position. German courts often adjudicate increases of the cash compensation to plaintiffs in varying amounts in connection with German appraisal proceedings. Therefore, the Company cannot rule out that a court may increase the cash compensation in these appraisal proceedings. The Company, however, believes that its defense in both appraisal proceedings is supported by strong sets of facts and the Company will continue to vigorously defend itself in these matters.
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, 2024, the maximum future contractual 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. At December 31, 2023, the maximum future payment obligations relative to these various guarantees totaled $117.1, of which $23.0 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 balance sheets and in the consolidated statements of cash flows:

December 31, 2024December 31, 2023
Cash and cash equivalents$296.2 $550.2 
Professional fee escrow0.2 0.2 
Bank collateral guarantees8.0 32.5 
Pension collateral guarantees6.9 9.4 
Restricted cash and cash equivalents15.1 42.1 
Total cash, cash equivalents, and restricted cash$311.3 $592.3 

The balances primarily relate to cash held in escrow for the purpose of paying certain professional fees as a result of the Restructuring Proceedings as described in Note 2 and collateralized letters of credit supporting corporate insurance.
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REVENUE RECOGNITION
 12 Months Ended
Dec. 31, 2024
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 of which generally 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.

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 11. 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. This input method is the most accurate assessment of progress toward completion the Company can apply.
Nature of goods and services
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.

Professional services integrate the commercial solution with the customer's existing infrastructure and helps define the optimal user experience, improve business processes, refine existing staffing models and deploy technology to meet branch and store automation objectives. 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 following is a description of principal solutions offered within the Company's two main customer segments that generate the Company's revenue.

Banking

Products. Products for banking customers consist of cash recyclers and dispensers, intelligent deposit terminals, teller automation tools and kiosk technologies, as well as physical security solutions. The Company provides its banking customers front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management and analytics. These offerings include highly configurable, API enabled software that automates legacy banking transactions across channels.

Services. The Company provides its banking customers product-related services which include proactive monitoring, rapid resolution of incidents through remote service capabilities or an on-site visit and professional services. First and second line maintenance, preventive maintenance and on-demand services keep the distributed assets of the Company's customers up and running through a standardized incident management process. Managed services and outsourcing consist of the end-to-end business processes, solution management, upgrades and transaction processing. The Company also provides a full array of cash management services, which optimizes the availability and cost of physical currency across the enterprise through efficient forecasting, inventory and replenishment processes.

Retail

Products. The retail product portfolio includes modular, integrated and mobile POS and SCO terminals that meet evolving automation and omnichannel requirements of consumers. Supplementing the POS system is a broad range of peripherals, including printers, scales and mobile scanners, as well as the cash management portfolio which offers a wide range of banknote and coin processing systems. Also in the portfolio, the Company provides SCO terminals and ordering kiosks which facilitate an efficient and user-friendly purchasing experience. The Company’s hybrid product line can alternate from an attended operator to self-checkout with the press of a button as traffic conditions warrant throughout the business day.

The Company's platform software is installed within retail data centers to facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management and analytics.

Services. The Company provides its retail customers product-related services which include on-demand services and professional services. Diebold Nixdorf AllConnect Services for retailers include maintenance and availability services to continuously improve retail self-service fleet availability and performance. These include: total implementation services to support both current and new store concepts; managed mobility services to centralize asset management and ensure effective, tailored mobile capability; monitoring and advanced analytics providing operational insights to
support new growth opportunities; and store life-cycle management to proactively monitors store IT endpoints and enable improved management of internal and external suppliers and delivery organizations.

Refer to Note 24 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:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Timing of revenue recognition 2024
Products transferred at a point in time43%47%39%
Products and services transferred over time57%53%61%
Net sales100%100%100%

Contract balances
The following table provides information about receivables and deferred revenue, which represent contract liabilities from contracts with customers:
Contract balance informationTrade ReceivablesContract liabilities
Balance at January 1, 2024 (Successor)$721.8 $376.2 
Balance at December 31, 2024 (Successor)$588.5 $320.7 
Balance at January 1, 2023 (Predecessor)$612.2 $453.2 
Balance at December 31, 2023 (Successor)$721.8 $376.2 

Contract assets are minimal for the periods presented. The amount of revenue recognized in 2024 and 2023 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, 2024, the Company had $376.2 of unrecognized deferred revenue constituting the remaining performance obligations that are either unsatisfied or partially unsatisfied. During 2024, the Company recognized revenue of $285.7 related to the Company's deferred revenue balance at January 1, 2024.

Contract assets are the rights to consideration in exchange for goods or services that the Company has transferred to a customer when that right is conditional on something other than the passage of time. 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.

The contract assets are reclassified into the receivables balance when the rights to receive payment become unconditional. Contract liabilities are recorded for any services billed to customers and not yet recognizable if the contract period has commenced or for the amount collected from customers in advance of the contract period commencing. 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. Once the variable consideration is identified, the Company estimates the amount of the variable consideration to include in the transaction price by using one of two methods, expected value (probability weighted methodology) or most likely amount (when there are only two possible outcomes). The Company chooses the method expected to better predict the amount of consideration to which it will be entitled and applies the method consistently to similar contracts. 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 in ASC paragraph 606-10-55-18 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.

Transaction price allocated to the remaining performance obligations
As of December 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $1,400. The Company generally expects to recognize revenue on the remaining performance obligations over the next twelve to eighteen months. The Company enters into service agreements with cancellable terms after a certain period without penalty. Unsatisfied obligations reflect only the obligation during the initial term. The Company applies the practical expedient in ASC paragraph 606-10-50-14 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

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 pays commissions to the sales force based on multiple factors including but not limited to order entry, revenue recognition and portfolio growth. These incremental commission fees paid to the sales force meet the criteria to be considered a cost to obtain a contract, as they are directly attributable to a contract, incremental and management expects the fees are recoverable. 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.
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CLOUD IMPLEMENTATION
 12 Months Ended
Dec. 31, 2024
Research and Development [Abstract]  
CLOUD IMPLEMENTATION CLOUD IMPLEMENTATION
At December 31, 2021, the Company had capitalized $50.7 of cloud implementation costs, of which $38.4 was impaired in the first quarter of 2022. This impairment was related to the cloud-based North American enterprise resource planning (ERP) system, which was intended to replace the on premise ERP currently in use. In connection with the executive transition that took place in the first quarter of 2022 and the culmination of related process optimization workshops in March 2022, the Company made the decision to indefinitely suspend the cloud-based North America ERP implementation, which was going to require significant additional investment before it could function as well as our current North America ERP, and to instead focus the Company's ERP implementation efforts on the distribution subsidiaries, which can better leverage the standardization and simplification initiatives connected with the cloud-based implementation. As a result of the completed process optimization walkthroughs, the Company determined that the customizations already built for the North America ERP should not be leveraged at the distribution subsidiaries which require more streamlined and scalable process flows.

At December 31, 2024 and 2023, the Company had a net book value of capitalized cloud implementation costs of $18.7 and $18.5, respectively. This relates to a combination of the distribution subsidiary ERP and corporate tools to support business operations.
Amortization of cloud implementation fees are expensed over the term of the cloud computing arrangement, and the expense is required to be recognized in the same line item in the income statement as the associated hosting service expenses. Amortization of cloud implementation fees were as follows:

SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
20242022
Amortization of cloud implementation fees$4.0 $2.9 $2.0 $2.5 
v3.25.0.1
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
During the second quarter of 2022, the Company appointed a new Chief Executive Officer, who is also the CODM, and announced an organizational simplification initiative. In connection with those events, the Company's reportable segments are no longer Americas Banking, Eurasia Banking and Retail, and instead the reportable operating segments are the following: Banking and Retail. Under the simplified organization and related restructuring discussed in Note 10, the Company does not have regionally focused direct reports to the CODM, and the CODM analyzes Banking and Retail on a global basis and not based on regional profitability metrics.

The Company's reportable segment information below directly aligns with how the CODM regularly reviews results to make decisions, allocate resources, and assess performance. 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 transformation charges, the results of the formerly held-for-sale European retail business, or other non-routine, unusual or infrequently occurring items, as the CODM does not regularly review and use such financial measures to make decisions, allocate resources and assess performance.

Segment revenue 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. In some cases the allocation of corporate charges has changed from the legacy structure to the new structure, but prior periods have been recast to conform to the new presentation. Segment operating profit reconciles to consolidated income (loss) before income taxes by deducting items that are not attributed to the segments and which are managed independently of segment results. Assets are not allocated to segments, and thus are not included in the assessment of segment performance, and consequently, we do not disclose total assets and depreciation and amortization expense by reportable operating segment.

The following tables represent information regarding the Company’s segment information and provides a reconciliation between segment operating profit and the consolidated income (loss) before income taxes:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
20242022
Net sales summary by segment
Banking$2,762.8 $1,157.6 $1,511.0 $2,422.4 
Retail988.3 469.3 610.0 1,018.2 
Held for sale non-core European retail business (7)
— 1.7 10.9 20.1 
Total Revenue$3,751.1 $1,628.6 $2,131.9 $3,460.7 
Segment cost of sales
Banking$2,058.3 $858.5 $1,149.5 $1,849.4 
Retail744.5 347.2 462.4 771.9 
Total segment cost of sales$2,802.8 $1,205.7 $1,611.9 $2,621.3 
Segment gross profit
  Banking$704.5 $299.1 $361.5 $573.0 
  Retail243.8123.8 158.5 246.3 
Total segment gross profit$948.3 $422.9 $520.0 $819.3 
SG&A and other operating expenses
Banking$253.8 $143.8 $149.9 $262.2 
Retail121.965.2 72.3 112.3 
Total segment SG&A and other operating expenses$375.7 $209.0 $222.2 $374.5 
Segment operating profit
Banking$450.7 $155.3 $211.6 $310.8 
Retail121.9 58.6 86.2 134.0 
Total segment operating profit$572.6 $213.9 $297.8 $444.8 
Corporate charges not allocated to segments (1)
$(265.4)$(86.3)$(159.8)$(247.3)
Impairment of assets (2)
(1.9)(1.2)(3.3)(111.8)
Amortization of fair value assets (3)
— — (41.8)(69.6)
Restructuring and transformation expenses (4)
(106.1)(23.1)(38.4)(124.2)
Refinancing related costs (5)
(15.8)(5.1)(44.7)(32.0)
Net non-routine expense (6)
(1.3)(4.8)(7.4)(42.6)
Held for sale non-core European retail business (7)
— (1.0)(7.9)(29.0)
(390.5)(121.5)(303.3)(656.5)
Operating profit (loss)182.1 92.4 (5.5)(211.7)
Other income (expense)(134.8)(96.9)1,458.3 (226.9)
Income (loss) before taxes$47.3 $(4.5)$1,452.8 $(438.6)

(1)    Corporate charges not allocated to segments include headquarter-based costs associated primarily with human resources, finance, IT and legal that are not directly attributable to a particular segment and are separately assessed by the CODM for purposes of making decisions, assessing performance and allocating resources.
(2)    Impairment in the 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. Charges were taken in the first quarter of 2022 related to the North American ERP and certain assets in Ukraine, Russia, and Belarus; in the second quarter of 2022 related to facility closures; in the third quarter 2022 related to German capitalized software; and in the fourth quarter of 2022 related to assets at the held for sale non-core European retail business.
(3)    The amortization of purchase accounting intangible assets is not included in the segment results used by the CODM to make decisions, allocate resources or assess performance.
(4)    Refer to Note 12 for further information. Consistent with the historical reportable segment structure, restructuring and transformation costs are not assigned to the segments, and are separately analyzed by the CODM.
(5)    Refinancing related costs are fees earned by our advisors and the advisors of our lenders that do not qualify for capitalization.
(6)    Net non-routine expense consists of items that the Company has determined are non-routine in nature and not allocated to the reportable operating segments as they are not included in the measure used by the CODM to make decisions, allocate resources and assess performance.
(7)    Held for sale non-core European retail business represents the revenue and operating profit, excluding impairment which is captured separately, of a business that had been classified as held for sale for all the Predecessor Periods presented, but which was removed in 2022 from the retail segment's information used by the CODM to make decisions, assess performance and allocate resources, and was individually analyzed. This change and timing thereof aligns with the build-out of a data center that makes the entity capable of operating autonomously and is consistent with material provided in connection with our refinancing effort which are exclusive of this entity. This business was sold during the Successor Period.


The following table presents information regarding the Company’s segment net sales by service and product solution:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
20242022
Banking
Services$1,587.4 $626.9 $954.3 $1,548.1 
Products1,175.4 530.7 556.7 874.3 
Total Banking$2,762.8 $1,157.6 $1,511.0 $2,422.4 
Retail
Services$563.0 $230.4 $335.2 $540.9 
Products425.3 238.9 274.8 477.3 
Total Retail$988.3 $469.3 $610.0 $1,018.2 
Held for sale non-core European retail business (7)
Services$— $1.1 $5.5 $9.9 
Products— 0.6 5.4 10.2 
— 1.7 10.9 20.1 
Total Revenue$3,751.1 $1,628.6 $2,131.9 $3,460.7 

The Company had no customers that accounted for more than 10 percent of total net sales in the year ended December 31, 2024, the period from August 12, 2023 through December 31, 2023, the period of January 1, 2023 through August 11, 2023 and the year ended December 31, 2022.

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 08/11/2023Year ended December 31,
20242022
Americas
United States$945.4 $404.1 $583.9 $861.4 
Other Americas706.9 290.0 380.9 600.0 
Total Americas Revenue1,652.3 694.1 964.8 1,461.4 
EMEA
Germany577.2 248.2 283.9 522.8 
Other EMEA1,236.2 553.2 714.2 1,173.2 
Total EMEA Revenue1,813.4 801.4 998.1 1,696.0 
APAC
Total APAC Revenue285.4 133.1 169.0 303.3 
Total Revenue$3,751.1 $1,628.6 $2,131.9 $3,460.7 
Below is a summary of property, plant and equipment, net and right-of-use operating lease assets by geographical location as of December 31:
20242023
Property, plant and equipment, net
United States$25.1 $29.7 
Germany71.4 86.5 
Other international31.6 42.8 
Total property, plant and equipment, net$128.1 $159.0 
Right-of-use operating lease assets
United States$46.8 $30.9 
Germany6.8 10.1 
Other international64.5 57.7 
Total right-of-use operating lease assets$118.1 $98.7 
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Pay vs Performance Disclosure        
Net Income (Loss) $ 13.4 $ 1,362.7 $ (16.5) $ (581.4)
v3.25.0.1
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2024
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
v3.25.0.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.0.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Diebold Nixdorf has processes, programs and measures in place designed to detect and help safeguard against cybersecurity threats and incidents. Although the Company implemented cybersecurity measures designed to detect and limit the risk of unauthorized access to our systems and acquisition of, loss of, modification of, use of, access to, or disclosure of our data, threat actors are using evolving, sophisticated, and ever-changing techniques to obtain unauthorized access to systems and data. While the Company works to maintain our information security program and risk management efforts, there can be no assurance that such actions will be sufficient to prevent cybersecurity incidents or mitigate all potential risks to our systems, networks, and data or those of our third-party providers.

Diebold Nixdorf has established an information security program. This program and corresponding processes are designed to manage cybersecurity risks within our products, solutions, operations, and corporate infrastructure. 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. The Company also maintains a third-party risk management process for service providers, suppliers, and vendors. The Company maintains policies and practices governing our third-party risks. 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. Diebold Nixdorf also uses third party security scoring data to assess potential risks associated with third-party controls.
The Company also has an internal audit function, which provides assessments of controls related to security. In addition, employees receive annual training on security, privacy, and code of ethics.
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. Our Governance Committee provides risk oversight and guidance to the Chief Information Security Officer (CISO) and the Board for information security policies and procedures. The Governance Committee provides guidance regarding strategy and management of the Company’s information security program, including cybersecurity incidents, if any. The Governance Committee is also responsible for ensuring Board oversight of the Company’s enterprise-wide risk management process, which includes information security.

The Company’s management team is responsible for the daily identification, assessment, and management of significant cybersecurity risks. Our management team monitors potential cybersecurity threats and aims to ensure that appropriate risk mitigation processes, cybersecurity policies, and procedures are established, maintained, and implemented.

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 CISO leads a team of dedicated cybersecurity professionals who build and implement specific technical and administrative security controls. Our CISO is part of the senior management team at the Company and regularly updates the Governance Committee on the state of Diebold Nixdorf’s cybersecurity program, including security risks, incidents and mitigation strategies. The CISO and Governance Committee advise the Board of Directors on cyber security matters.
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. Our Governance Committee provides risk oversight and guidance to the Chief Information Security Officer (CISO) and the Board for information security policies and procedures. The Governance Committee provides guidance regarding strategy and management of the Company’s information security program, including cybersecurity incidents, if any. The Governance Committee is also responsible for ensuring Board oversight of the Company’s enterprise-wide risk management process, which includes information security.
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. Our Governance Committee provides risk oversight and guidance to the Chief Information Security Officer (CISO) and the Board for information security policies and procedures. The Governance Committee provides guidance regarding strategy and management of the Company’s information security program, including cybersecurity incidents, if any. The Governance Committee is also responsible for ensuring Board oversight of the Company’s enterprise-wide risk management process, which includes information security.

The Company’s management team is responsible for the daily identification, assessment, and management of significant cybersecurity risks. Our management team monitors potential cybersecurity threats and aims to ensure that appropriate risk mitigation processes, cybersecurity policies, and procedures are established, maintained, and implemented.
Cybersecurity Risk Role of Management [Text Block]
The Company’s management team is responsible for the daily identification, assessment, and management of significant cybersecurity risks. Our management team monitors potential cybersecurity threats and aims to ensure that appropriate risk mitigation processes, cybersecurity policies, and procedures are established, maintained, and implemented.
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 CISO leads a team of dedicated cybersecurity professionals who build and implement specific technical and administrative security controls. Our CISO is part of the senior management team at the Company and regularly updates the Governance Committee on the state of Diebold Nixdorf’s cybersecurity program, including security risks, incidents and mitigation strategies. The CISO and Governance Committee advise the Board of Directors on cyber security matters.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our Governance Committee provides risk oversight and guidance to the Chief Information Security Officer (CISO) and the Board for information security policies and procedures. The Governance Committee provides guidance regarding strategy and management of the Company’s information security program, including cybersecurity incidents, if any. The Governance Committee is also responsible for ensuring Board oversight of the Company’s enterprise-wide risk management process, which includes information security.
The Company’s management team is responsible for the daily identification, assessment, and management of significant cybersecurity risks. Our management team monitors potential cybersecurity threats and aims to ensure that appropriate risk mitigation processes, cybersecurity policies, and procedures are established, maintained, and implemented.
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 CISO leads a team of dedicated cybersecurity professionals who build and implement specific technical and administrative security controls. Our CISO is part of the senior management team at the Company and regularly updates the Governance Committee on the state of Diebold Nixdorf’s cybersecurity program, including security risks, incidents and mitigation strategies. The CISO and Governance Committee advise the Board of Directors on cyber security matters.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] 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 CISO leads a team of dedicated cybersecurity professionals who build and implement specific technical and administrative security controls. Our CISO is part of the senior management team at the Company and regularly updates the Governance Committee on the state of Diebold Nixdorf’s cybersecurity program, including security risks, incidents and mitigation strategies. The CISO and Governance Committee advise the Board of Directors on cyber security matters.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Principles of Consolidation
Principles of Consolidation. The consolidated financial statements 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 shareholders’ equity, while transaction gains (losses) are included in net income (loss).
Acquisitions Acquisitions are accounted for using the purchase method of accounting. This method requires the Company to record assets and liabilities of the business acquired at their estimated fair market values as of the acquisition date. Any excess cost of the acquisition over the fair value of the net assets acquired is recorded as goodwill. The Company generally uses valuation specialists to perform appraisals and assist in the determination of the fair values of the assets acquired and liabilities assumed. These valuations require management to make estimates and assumptions that are critical in determining the fair values of the assets and liabilities.
Divestitures For all divestitures, the Company considers assets to be held for sale when management approves and commits to a formal plan to actively market the assets for sale at a price reasonable in relation to their estimated fair value, the assets are available for immediate sale in their present condition, an active program to locate a buyer and other actions required to complete the sale have been initiated, the sale of the assets is probable and expected to be completed within one year (or, if it is expected that others will impose conditions on the sale of the assets that will extend the period required to complete the sale, that a firm purchase commitment is probable within one year) and it is unlikely that significant changes will be made to the plan. Upon designation as held for sale, the Company records the assets at the lower of their carrying value or their estimated fair value, reduced for the cost to dispose of the assets, and ceases to record depreciation expense on the assets. Assets and liabilities are reclassified as held for sale in the period the held for sale criteria are met.
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. Property, plant and equipment and long-lived assets are recorded at historical cost, including interest where applicable. As of August 11, 2023, as a result of Fresh Start Accounting, we have adjusted our property, plant and equipment, balances and remaining useful lives, to fair value.

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.
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.
Advertising Costs Advertising Costs. Advertising costs are expensed as incurred
Research, Development and Engineering Research, Development and Engineering. Research, development and engineering costs are expensed as incurred
Shipping and Handling Costs
Shipping and Handling Costs. The Company recognizes shipping and handling fees billed when products are shipped or
delivered to a customer and includes such amounts in net sales. Third-party freight payments are recorded in cost of sales.
Taxes on Income
Taxes on Income. Deferred taxes are provided on an 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 tax jurisdictions. Deferred tax assets are reduced by a valuation allowance when, based on 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 regularly assesses its position with regard to tax exposures and records liabilities for these uncertain tax positions and related interest and penalties, if any, 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.
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.
Fair Value of 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 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 balance sheet 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. Mutual funds are valued at their net asset value (NAV) on the last day of the period.
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. Common collective trusts are valued at NAV on the last day of the period.
Level 3Unobservable inputs for which there is little or no market data.
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 certificates of deposit that are recorded at cost, which approximates fair value.

Assets Held in Rabbi Trusts / Deferred Compensation The fair value of the assets held in rabbi trusts (refer to Note 9) is derived from investments in a mix of money market, fixed income and equity funds. The related deferred compensation liability is also recorded at fair value.

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.

Forward Contracts A substantial portion of the Company’s operations and revenues are international. As a result, changes in foreign exchange rates can create substantial foreign exchange gains and losses from the revaluation of non-functional currency monetary assets and liabilities.

Interest Rate Swaps The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.
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 uncollectible notes and finance lease receivables (collectively, financing 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. Deferred revenue is recorded for any services billed to customers and not yet recognizable if the contract period has commenced or for the amount collected from customers in advance of the contract period commencing. In addition, deferred revenue is recorded for products and other deliverables that are billed to and collected from customers prior to revenue being recognizable.
Goodwill
Goodwill. Goodwill in the Successor Period is the excess of the reorganization value of assets over the fair value of identifiable tangible and intangible assets (refer to Note 3). Goodwill in the Predecessor Period is the cost in excess of the net assets of acquired businesses (refer to Note 10).

The Company tests all existing goodwill at least annually for impairment on a reporting unit basis. The annual goodwill impairment test was performed as of October 1 for all periods presented.
The Company tests for interim impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the carrying value of a reporting unit below its reported amount. Each year, the Company may elect to perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In evaluating whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the Company considers the following events and circumstances, among others, if applicable: (a) macroeconomic conditions such as general economic conditions, limitations on accessing capital or other developments in equity and credit markets; (b) industry and market considerations such as competition, multiples or metrics and changes in the market for the Company's products and services or regulatory and political environments; (c) cost factors such as raw materials, labor or other costs; (d) overall financial performance such as cash flows, actual and planned revenue and earnings compared with actual and projected results of relevant prior periods; (e) other relevant events such as changes in key personnel, strategy or customers; (f) changes in the composition of a reporting unit's assets or expected sales of all or a portion of a reporting unit; and (g) any sustained decrease in share price.

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, or if management elects to perform a quantitative assessment of goodwill, an impairment test is used to identify potential goodwill impairment and measure the amount of any impairment loss to be recognized. The Company compares the fair value of each reporting unit with its carrying value and recognizes an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The fair value of the reporting units is determined based upon a combination of the income and market approach in valuation methodology. The income approach uses discounted estimated future cash flows, whereas the market approach or guideline public company method utilizes market data of similar publicly traded companies. The fair value of the reporting unit is defined as the price that would be received to sell the net assets or transfer the net liabilities in an orderly transaction between market participants at the assessment date.
The techniques used in the Company's quantitative assessment incorporate a number of assumptions that the Company believes to be reasonable and to reflect market conditions forecast at the assessment date. Assumptions in estimating future cash flows are subject to a high degree of judgment. The Company makes all efforts to forecast future cash flows as accurately as possible with the information available at the time the forecast is made. To this end, the Company evaluates the appropriateness of its assumptions as well as its overall forecasts by comparing projected results of upcoming years with actual results of preceding years and validating that differences therein are reasonable. Assumptions, which include Level 3 inputs, relate to revenue growth, material and operating costs, and discount rate. 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.
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. 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 actual experience compared with the more significant assumptions used and make adjustments to the assumptions, if warranted. The healthcare trend rates are reviewed based upon the results of actual claims experience. 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 rates of return based on a geometric averaging over 20 years. 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 or directly by the plan administrator. 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 balance sheets. 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.
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 percent of Inspur (Suzhou) Financial Information Technology Co., Ltd (Inspur JV) and 49.0 percent of Aisino-Wincor Retail & Banking Systems (Shanghai) Co., Ltd (Aisino JV) as of December 31, 2024. The Company engages in transactions with these entities in the ordinary course of business. As of December 31, 2024, the Company had accounts receivable due from and accounts payable due to these affiliates of $11.5 and $27.0, respectively, which are included in trade receivables, less allowances for doubtful accounts and accounts payable, respectively, on the consolidated balance sheets.
Recently Adopted Accounting Guidance and Recently Issued Accounting Guidance
Recently Adopted Accounting Guidance
In November 2023, the FASB issued ASU 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07). The amendments of ASU 2023-07 require an enhanced disclosure of significant segment expenses on an annual and interim basis. Upon adoption, the guidance was applied retrospectively. Refer to Note 24 of the consolidated financial statements for more information.

The effects of the adoption of the ASUs listed below did not significantly impact the Company's financial statements:
Standards Pending AdoptionDescriptionEffective Date
ASU 2020-04 Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial ReportingThe standard provides optional expedients and exceptions for applying GAAP to contracts, hedges and other transaction that are impacted by reference rate reform. The adoption of this ASU did not have a significant impact on the Company's consolidated financial statements.January 1, 2024
ASU 2022-06 Reference Rate Reform (Topic 848) - Deferral of the Sunset Date of Topic 848The standard defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The adoption of this ASU did not have a significant impact on the Company's consolidated financial statements.January 1, 2024

Recently Issued Accounting Guidance
The following ASUs were recently issued by the FASB, which could significantly impact the Company's financial statements:

Standards Pending AdoptionDescriptionEffective/Adoption DateAnticipated Impact
ASU 2023-09 Income Taxes (Topic 740) - Improvements to Income Tax DisclosuresThe standard 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.December 31, 2025The Company is currently assessing the impact this ASU will have on its consolidated financial statements. The ASU allows for early adoption in any year end after issuance of the update.
ASU 2024-01 Stock Compensation (Topic 718) - Scope Application of Profits Interest and Similar AwardsThis standard adds an illustrative example to determine whether a profit interest award should be accounted for as a share-based arrangement (Topic 718) or similar to a cash bonus or profit-sharing arrangement (Topic 710).December 31, 2025The Company does not expect this ASU will have a significant impact on its consolidated financial statements.
ASU 2024-03 Comprehensive Income (Topic 220) - Disaggregation of Income Statement ExpensesThis standard 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.December 31, 2027The Company is currently assessing the impact this ASU will have on its consolidated financial statements. The ASU allows for early adoption in any year after issuance of the update.
ASU 2024-04 Debt (Topic 740) - Induced Conversions of Convertible Debt InstrumentsThis standard clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion.December 31, 2026The Company does not expect this ASU will have a significant impact on its consolidated financial statements.
Share-Based Compensation Cost 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 of which generally 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.

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 11. 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. This input method is the most accurate assessment of progress toward completion the Company can apply.
Nature of goods and services
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.

Professional services integrate the commercial solution with the customer's existing infrastructure and helps define the optimal user experience, improve business processes, refine existing staffing models and deploy technology to meet branch and store automation objectives. 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 following is a description of principal solutions offered within the Company's two main customer segments that generate the Company's revenue.

Banking

Products. Products for banking customers consist of cash recyclers and dispensers, intelligent deposit terminals, teller automation tools and kiosk technologies, as well as physical security solutions. The Company provides its banking customers front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management and analytics. These offerings include highly configurable, API enabled software that automates legacy banking transactions across channels.

Services. The Company provides its banking customers product-related services which include proactive monitoring, rapid resolution of incidents through remote service capabilities or an on-site visit and professional services. First and second line maintenance, preventive maintenance and on-demand services keep the distributed assets of the Company's customers up and running through a standardized incident management process. Managed services and outsourcing consist of the end-to-end business processes, solution management, upgrades and transaction processing. The Company also provides a full array of cash management services, which optimizes the availability and cost of physical currency across the enterprise through efficient forecasting, inventory and replenishment processes.

Retail

Products. The retail product portfolio includes modular, integrated and mobile POS and SCO terminals that meet evolving automation and omnichannel requirements of consumers. Supplementing the POS system is a broad range of peripherals, including printers, scales and mobile scanners, as well as the cash management portfolio which offers a wide range of banknote and coin processing systems. Also in the portfolio, the Company provides SCO terminals and ordering kiosks which facilitate an efficient and user-friendly purchasing experience. The Company’s hybrid product line can alternate from an attended operator to self-checkout with the press of a button as traffic conditions warrant throughout the business day.

The Company's platform software is installed within retail data centers to facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management and analytics.

Services. The Company provides its retail customers product-related services which include on-demand services and professional services. Diebold Nixdorf AllConnect Services for retailers include maintenance and availability services to continuously improve retail self-service fleet availability and performance. These include: total implementation services to support both current and new store concepts; managed mobility services to centralize asset management and ensure effective, tailored mobile capability; monitoring and advanced analytics providing operational insights to
support new growth opportunities; and store life-cycle management to proactively monitors store IT endpoints and enable improved management of internal and external suppliers and delivery organizations.

Refer to Note 24 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.
Contract assets are the rights to consideration in exchange for goods or services that the Company has transferred to a customer when that right is conditional on something other than the passage of time. 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.

The contract assets are reclassified into the receivables balance when the rights to receive payment become unconditional. Contract liabilities are recorded for any services billed to customers and not yet recognizable if the contract period has commenced or for the amount collected from customers in advance of the contract period commencing. 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. Once the variable consideration is identified, the Company estimates the amount of the variable consideration to include in the transaction price by using one of two methods, expected value (probability weighted methodology) or most likely amount (when there are only two possible outcomes). The Company chooses the method expected to better predict the amount of consideration to which it will be entitled and applies the method consistently to similar contracts. 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 in ASC paragraph 606-10-55-18 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.

Transaction price allocated to the remaining performance obligations
As of December 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $1,400. The Company generally expects to recognize revenue on the remaining performance obligations over the next twelve to eighteen months. The Company enters into service agreements with cancellable terms after a certain period without penalty. Unsatisfied obligations reflect only the obligation during the initial term. The Company applies the practical expedient in ASC paragraph 606-10-50-14 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

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 pays commissions to the sales force based on multiple factors including but not limited to order entry, revenue recognition and portfolio growth. These incremental commission fees paid to the sales force meet the criteria to be considered a cost to obtain a contract, as they are directly attributable to a contract, incremental and management expects the fees are recoverable. 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.
v3.25.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2024
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. Mutual funds are valued at their net asset value (NAV) on the last day of the period.
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. Common collective trusts are valued at NAV on the last day of the period.
Level 3Unobservable inputs for which there is little or no market data.
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, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Beginning balance$3.6 $— $34.5 $35.3 
Charged to costs and expenses17.8 8.0 16.6 14.0 
Charged to other accounts (1)
(1.2)(0.2)(0.3)(0.1)
Deductions (2)
(9.3)(4.2)(14.7)(14.7)
Fresh Start Accounting adjustment— — (36.1)— 
Ending balance$10.9 $3.6 $— $34.5 
(1)    Includes net effects of foreign currency translation
(2)    Uncollectible accounts written-off, net of recoveries.
Schedule of Effects of the Adoption of ASUs
The effects of the adoption of the ASUs listed below did not significantly impact the Company's financial statements:
Standards Pending AdoptionDescriptionEffective Date
ASU 2020-04 Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial ReportingThe standard provides optional expedients and exceptions for applying GAAP to contracts, hedges and other transaction that are impacted by reference rate reform. The adoption of this ASU did not have a significant impact on the Company's consolidated financial statements.January 1, 2024
ASU 2022-06 Reference Rate Reform (Topic 848) - Deferral of the Sunset Date of Topic 848The standard defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The adoption of this ASU did not have a significant impact on the Company's consolidated financial statements.January 1, 2024

Recently Issued Accounting Guidance
The following ASUs were recently issued by the FASB, which could significantly impact the Company's financial statements:

Standards Pending AdoptionDescriptionEffective/Adoption DateAnticipated Impact
ASU 2023-09 Income Taxes (Topic 740) - Improvements to Income Tax DisclosuresThe standard 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.December 31, 2025The Company is currently assessing the impact this ASU will have on its consolidated financial statements. The ASU allows for early adoption in any year end after issuance of the update.
ASU 2024-01 Stock Compensation (Topic 718) - Scope Application of Profits Interest and Similar AwardsThis standard adds an illustrative example to determine whether a profit interest award should be accounted for as a share-based arrangement (Topic 718) or similar to a cash bonus or profit-sharing arrangement (Topic 710).December 31, 2025The Company does not expect this ASU will have a significant impact on its consolidated financial statements.
ASU 2024-03 Comprehensive Income (Topic 220) - Disaggregation of Income Statement ExpensesThis standard 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.December 31, 2027The Company is currently assessing the impact this ASU will have on its consolidated financial statements. The ASU allows for early adoption in any year after issuance of the update.
ASU 2024-04 Debt (Topic 740) - Induced Conversions of Convertible Debt InstrumentsThis standard clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion.December 31, 2026The Company does not expect this ASU will have a significant impact on its consolidated financial statements.
v3.25.0.1
EARNINGS (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2024
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 for the years ended December 31:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Numerator
Income (loss) used in basic and diluted loss per share
Net income (loss)$(14.5)$14.7 $1,361.9 $(585.6)
Net income (loss) income attributable to noncontrolling interests2.0 1.3 (0.8)(4.2)
Net income (loss) attributable to Diebold Nixdorf, Incorporated$(16.5)$13.4 $1,362.7 $(581.4)
Denominator
Weighted-average number of shares of common stock used in basic earnings (loss) per share (1)
37.6 37.6 79.7 79.0 
Effect of dilutive shares (1)
— — 1.7 — 
Weighted-average number of shares used in diluted earnings (loss) per share
37.6 37.6 81.4 79.0 
Net income (loss) per share attributable to Diebold Nixdorf, Incorporated
Basic and diluted income (loss) per share$(0.44)$0.36 $17.10 $(7.36)
Diluted earnings income (loss) per share$(0.44)$0.36 $16.74 $(7.36)
Anti-dilutive shares
Anti-dilutive shares not used in calculating diluted weighted-average shares1.1 — 2.1 4.2 
(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. Shares of 1.5 for the year ended December 31, 2022 are excluded from the computation of diluted earnings (loss) per share because the effects are anti-dilutive due to the net loss position.
v3.25.0.1
SHARE-BASED COMPENSATION AND EQUITY (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation 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 for the periods presented:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Stock options
Pre-tax compensation expense$4.1 $0.1 $— $0.3 
Tax benefit(0.9)— — — 
Stock option expense, net of tax$3.2 $0.1 $— $0.3 
RSU's
Pre-tax compensation expense$5.6 $— $2.3 $13.6 
Acceleration of Predecessor awards— — 2.7 — 
Tax benefit(1.3)— (1.2)(1.6)
RSU expense, net of tax$4.3 $— $3.8 $12.0 
Performance shares
Pre-tax compensation expense$— $— $0.1 $(0.5)
Tax benefit— — — — 
Performance share expense, net of tax$— $— $0.1 $(0.5)
Total share-based compensation
Pre-tax compensation expense$9.7 $0.1 $2.4 $13.4 
Acceleration of Predecessor awards— — 2.7 — 
Tax benefit(2.2)— (1.2)(1.6)
Total share-based compensation, net of tax$7.5 $0.1 $3.9 $11.8 
Schedule of Unrecognized Compensation Cost, Nonvested Awards
The following table summarizes information related to unrecognized share-based compensation costs as of December 31, 2024 (Successor):
Unrecognized
Cost		Weighted-Average Period
(years)
Stock options$10.9 2.4
RSUs14.3 1.7
$25.2 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions 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, using the following assumptions:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Expected life (in years)3.953.7500
Weighted-average volatility47.16 %65 %— %— %
Risk-free interest rate4.19 %3.94 %— %— %
Expected dividend yield— %— %— %— %
Schedule of Stock Options Outstanding and Exercisable
Options outstanding and exercisable as of December 31, 2024 and changes during the year ended were as follows:
Number of SharesWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term
Aggregate Intrinsic Value (1)
(per share)(in years)
Outstanding at January 1, 2024 0.6 $30.00 
Expired or forfeited(0.1)$30.90 
Exercised— $— 
Granted0.6 $33.15 
Outstanding at December 31, 2024 1.1 $31.58 6.3$— 
Options exercisable at December 31, 20240.1 $30.00 3.7$— 
(1)The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company’s closing share price on the last trading day of the year in 2024 and the exercise price, multiplied by the number of “in-the-money” options) that would have been received by the option holders had all option holders exercised their options on December 31, 2024. The amount of aggregate intrinsic value will change based on the fair market value of the Company’s common stock.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Non-vested RSUs outstanding as of December 31, 2024 and changes during the year ended were as follows:
Number of
Shares		Weighted-Average
Grant-Date
Fair Value
Non-vested at January 1, 20240.3 $29.00 
Forfeited— $— 
Vested(0.1)$29.00 
Granted0.4 $34.66 
Non-vested at December 31, 20240.6 $32.60 
v3.25.0.1
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Components (Loss) Income From Operations Before Taxes
The following table presents components of (loss) income from operations before taxes:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Domestic$(195.8)$(67.1)$797.1 $(413.2)
Foreign243.1 62.6 655.7 (25.4)
Total$47.3 $(4.5)$1,452.8 $(438.6)
Schedule of Income Tax Expense (Benefit)
The following table presents the components of income tax expense (benefit):
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Current
U.S. federal$6.8 $(1.5)$(3.7)$8.5 
Foreign59.1 33.0 14.4 43.3 
State and local6.5 (0.4)— 4.0 
Total current72.4 31.1 10.7 55.8 
Deferred
U.S. federal(15.7)(27.1)29.5 62.5 
Foreign11.6 (11.7)42.0 22.4 
State and local(4.0)(7.0)8.2 8.5 
Total deferred(8.1)(45.8)79.7 93.4 
Income tax expense (benefit) $64.3 $(14.7)$90.4 $149.2 
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 percent to pre-tax loss from operations. The following table presents these differences:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Statutory tax expense (benefit)$9.9 $(0.9)$305.1 $(92.1)
State and local taxes (net of federal tax benefit)2.2 (5.1)8.4 (17.6)
Brazil non-taxable incentive— (3.3)(0.6)(4.6)
Valuation allowances6.6 1.1 (194.0)209.8 
Goodwill impairment— — — 9.3 
Foreign tax rate differential17.4 1.5 47.3 (4.6)
Tax on unremitted foreign earnings(3.5)1.5 6.8 4.2 
Change to uncertain tax positions(3.2)— (1.8)1.8 
U.S. taxed foreign income6.3 (9.2)23.6 17.1 
Non-deductible (non-taxable) items17.2 16.2 65.8 15.5 
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 3.3 
Withholding tax and other taxes9.2 5.1 0.6 5.4 
Other0.1 0.1 (2.2)1.7 
Income tax expense (benefit) $64.3 $(14.7)$90.4 $149.2 
Schedule of Unrecognized Tax Benefits
Details of the unrecognized tax benefits are as follows:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Balance at beginning of the period$52.6 $52.7 $52.1 $55.1 
Increases (decreases) related to prior year tax positions, net4.7 — 0.6 (1.7)
Settlements— — — (0.7)
Reductions due to lapse of applicable statute of limitations(1.9)(0.1)— (0.6)
Balance the end of the period$55.4 $52.6 $52.7 $52.1 
Schedule of Deferred Tax Assets and Liabilities Significant components of the Company's deferred tax assets and liabilities at December 31 are as follows:
20242023
Deferred tax assets
Accrued expenses$139.3 $96.8 
Warranty accrual6.5 7.5 
Deferred compensation2.0 — 
Allowances for doubtful accounts3.7 2.0 
Inventories17.0 22.6 
Deferred revenue26.7 31.3 
Pensions, post-retirement and other benefits45.5 50.7 
Capitalized R&D29.8 21.1 
Tax credits6.0 7.3 
Net operating loss carryforwards99.8 127.9 
Capital loss carryforwards1.3 1.2 
State deferred taxes7.0 6.3 
Lease liability30.6 21.8 
Other3.4 7.4 
418.6 403.9 
Valuation allowances(213.4)(233.6)
Net deferred tax assets$205.2 $170.3 
Deferred tax liabilities
Property, plant and equipment, net$15.4 $33.5 
Goodwill and intangible assets226.6 203.9 
Undistributed earnings38.0 43.4 
Right-of-use assets32.0 22.7 
Other0.5 0.3 
Net deferred tax liabilities312.5 303.8 
Net deferred tax liabilities$(107.3)$(133.5)
Schedule of Deferred Income Taxes by Balance Sheet Account
Deferred income taxes reported in the consolidated balance sheets as of December 31 are as follows:
20242023
Deferred income taxes - assets$69.5 $71.4 
Deferred income taxes - liabilities(176.8)(204.9)
Net deferred tax liabilities$(107.3)$(133.5)
v3.25.0.1
INVENTORIES (Tables)
 12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Schedule of Major Classes of Inventories
Major classes of inventories at December 31 are summarized as follows:
20242023
Raw materials and work in process$170.3 $174.0 
Finished goods183.9 242.0 
Total product inventories354.2 416.0 
Service parts173.9 173.8 
Total inventories$528.1 $589.8 
v3.25.0.1
PROPERTY, PLANT AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
The following is a summary of property, plant and equipment, at cost less accumulated depreciation and amortization as of December 31:
Estimated Useful Life
(years)		20242023
Land and land improvements
(1)
$17.2 $21.6 
Buildings and building improvements
15-30
47.3 48.0 
Machinery, tools and equipment
3-12
32.2 34.8 
Leasehold improvements (2)
10
3.5 6.6 
Computer equipment
3-5
13.2 17.1 
Computer software
 5-10
5.2 6.1 
Furniture and fixtures
5-8
15.9 18.0 
Tooling
5
21.9 11.7 
Construction in progress13.5 9.4 
Total property plant and equipment, at cost$169.9 $173.3 
Less accumulated depreciation and amortization41.8 14.3 
Total property plant and equipment, net$128.1 $159.0 
(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 is computed on a straight-line basis over the estimated useful lives of the related assets. Depreciation expense was as follows:

SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Depreciation expense$29.5 $16.2 $18.3 
v3.25.0.1
INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments
The Company’s investments subject to fair value measurement consist of the following:
Cost BasisUnrealized GainFair Value
As of December 31, 2024
Short-term investments
Certificates of deposit$16.9 $— $16.9 
Long-term investments
Assets held in a rabbi trust$2.2 $0.9 $3.1 
As of December 31, 2023
Short-term investments
Certificates of deposit$13.4 $— $13.4 
Long-term investments:
Assets held in a rabbi trust$2.3 $0.6 $2.9 
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill are as follows:
BankingRetailTotal
Goodwill$903.6 $269.6 $1,173.2 
Accumulated impairment losses(413.7)(57.2)(470.9)
Balance at January 1, 2023 (Predecessor)$489.9 $212.4 $702.3 
Currency translation adjustment8.5 3.5 12.0 
Fresh Start adjustment to goodwill(444.0)(124.6)(568.6)
Fresh Start adjustment to accumulated impairment losses$413.7 $57.2 $470.9 
Balance at August 12, 2023 (Successor)$468.1 $148.5 $616.6 
Currency translation adjustment— (0.1)(0.1)
Divestiture— (4.2)(4.2)
Balance at December 31, 2023 (Successor)$468.1 $144.2 $612.3 
Currency translation adjustment(19.7)(6.2)(25.9)
Balance at December 31, 2024 (Successor)$448.4 $138.0 $586.4 
Schedule of Intangible Assets
The following summarizes information on intangible assets by major category:
December 31, 2024December 31, 2023
Weighted-average remaining useful livesGross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships, net16.3 years$523.8 $(41.1)$482.7 $555.5 $(12.5)$543.0 
Trademarks and trade names17.4 years114.5 (8.5)106.0 118.8 (2.6)116.2 
Capitalized software development3.8 years46.9 (6.1)40.8 22.0 (1.1)20.9 
Technology know-how and development costs non-software4.9 years186.2 (41.3)144.9 193.3 (12.5)180.8 
Other0.2 years38.3 (34.1)4.2 40.6 (10.2)30.4 
Other intangible assets, net385.9 (90.0)295.9 374.7 (26.4)348.3 
Total$909.7 $(131.1)$778.6 $930.2 $(38.9)$891.3 
Schedule of Capitalized Software Development
The following table identifies the activity relating to total capitalized software development:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Beginning balance$20.9 $13.8 $42.5 $43.2 
Capitalization23.0 9.8 13.1 28.7 
Amortization(3.5)(1.8)(12.4)(14.1)
Impairment— — — (9.8)
Other0.4 (0.9)(6.1)(5.5)
Fresh Start Accounting Adjustments— — (23.3)— 
Ending balance$40.8 $20.9 $13.8 $42.5 
Schedule of Amortization Expense The expected annual amortization expense is as follows:
Estimated amortization
2025$82.3 
202678.0 
202778.0 
202878.0 
202959.4 
Thereafter402.9 
$778.6 
v3.25.0.1
PRODUCT WARRANTIES (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Beginning balance$28.0 $26.6 $28.3 
Accruals40.1 16.3 18.8 
Settlements(43.7)(14.6)(21.9)
Currency translation(1.9)(0.3)1.4 
Ending balance$22.5 $28.0 $26.6 
v3.25.0.1
RESTRUCTURING (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Cost of sales - services$24.6 $(1.4)$5.3 $7.7 
Cost of sales - products3.2 (1.5)0.8 13.1 
Selling and administrative expense72.0 25.4 29.4 94.4 
Research, development and engineering expense4.6 0.1 1.5 9.0 
Impairment of assets and other1.7 — 1.9 — 
Total$106.1 $22.6 $38.9 $124.2 
Schedule of Restructuring Accrual Balances and Related Activity
The following table summarizes the Company’s restructuring severance accrual balance and related activity:
Balance at January 1, 2022 (Predecessor)$35.3 
Liabilities incurred62.5 
Liabilities paid/settled(53.6)
Balance at December 31, 2022 (Predecessor)$44.2 
Liabilities incurred6.8 
Liabilities paid/settled(37.0)
Other$0.4 
Balance as of August 12, 2023 (Successor)$14.4 
Liabilities incurred5.3 
Liabilities paid/settled(9.4)
Balance at December 31, 2023 (Successor)$10.3 
Liabilities incurred32.8 
Liabilities paid/settled(26.9)
Other(0.3)
Balance at December 31, 2024 (Successor)$15.9 
v3.25.0.1
DEBT (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt Balances
Outstanding debt balances were as follows:
December 31, 2024December 31, 2023
Notes payable – current
Other$0.2 $0.3 
$0.2 $0.3 
Long-term debt
Exit Facility$— $1,250.0 
2030 Senior Secured Notes950.0 — 
Other15.8 3.6 
$965.8 $1,253.6 
Long-term deferred financing fees(38.5)(1.2)
$927.3 $1,252.4 
Schedule of Cash Flows Related to Debt Borrowings and Repayments
The cash flows related to debt borrowings and repayments were as follows:

SuccessorPredecessor
Year endedPeriod from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
December 31, 2024
Prior Revolving Credit Facility Borrowings$200.0 $— $— 
Prior Revolving Credit Facility Repayments$(200.0)$— $— 
New Revolving Credit Facility Borrowings$70.0 $— $— 
New Revolving Credit Facility Repayments$(70.0)$— $— 
Other debt borrowings
FILO$— $— $58.9 
Proceeds from Exit Financing— — 1,250.0 
Proceeds from 2030 Senior Secured Notes950.0 — — 
International short-term uncommitted lines of credit borrowings0.4 5.0 4.4 
$950.4 $5.0 $1,313.3 
Other debt repayments
Payments on Exit Financing$(1,250.0)$— $— 
Payments on Term Loan B Facility - USD under the Credit Agreement— — (1.3)
Payments on Term Loan B Facility - Euro under the Credit Agreement— — (0.3)
Repayment of ABL, net— — (188.3)
Repayment of FILO— — (58.9)
Repayment of 2025 Superpriority Term Loans— — (400.6)
International short term uncommitted lines of credit and other repayments (0.5)(6.7)(0.9)
$(1,250.5)$(6.7)$(650.3)
Schedule of Financing Facilities
Below is a summary of financing facilities information:
Interest Rate
Index and Margin		Maturity/Termination DatesInitial Term (Years)
2030 Senior Secured Notes7.75%March 20305.25
New Revolving Credit Facility(i)
SOFR + 2.75%-3.50%
December 20295.00
(i)SOFR with a floor of 0.0 percent
v3.25.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 12 Months Ended
Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in the Company’s AOCI, net of tax, by component:
TranslationForeign Currency HedgesInterest Rate HedgesPension and Other Post-Retirement BenefitsOtherAccumulated Other Comprehensive Income (Loss)
Balance at December 31, 2022 (Predecessor)$(352.1)$(1.9)$5.3 $(12.6)$1.3 $(360.0)
Other comprehensive income (loss) before reclassifications (1)
28.7 4.7 3.4 0.1 — 36.9 
Amounts reclassified from AOCI— — — 3.1 — 3.1 
Fresh Start Accounting Adjustments323.4 (2.8)(8.7)9.4 (1.3)320.0 
Net current period other comprehensive income (loss)352.1 1.9 (5.3)12.6 (1.3)360.0 
Balance at August 12, 2023 (Successor)$— $— $— $— $— $— 
Other comprehensive income (loss) before reclassifications (2)
14.2 (0.1)— (0.1)(0.4)13.6 
Amounts reclassified from AOCI— — — (6.0)— (6.0)
Net current period other comprehensive income (loss)14.2 (0.1)— (6.1)(0.4)7.6 
Balance at December 31, 2023 (Successor)$14.2 $(0.1)$— $(6.1)$(0.4)$7.6 
Other comprehensive income (loss) before reclassifications (3)
(125.8)— (0.1)(0.1)— (126.0)
Amounts reclassified from AOCI— — — 0.5 — 0.5 
Net current period other comprehensive income (loss)(125.8)— (0.1)0.4 — (125.5)
Balance at December 31, 2024 (Successor)$(111.6)$(0.1)$(0.1)$(5.7)$(0.4)$(117.9)
(1)    Other comprehensive income (loss) before reclassifications within the translation component excludes $(9.7) of translation attributable to noncontrolling interests.
(2)    Other comprehensive income (loss) before reclassifications within the translation component excludes $(0.2) of translation attributable to noncontrolling interests.
(3)    Other comprehensive income (loss) before reclassifications within the translation component excludes $0.3 of translation attributable to noncontrolling interests.
Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the details about amounts reclassified from AOCI:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Amount Reclassified from AOCIAmount Reclassified from AOCIAmount Reclassified from AOCIAffected Line Item in the Statement of Operations
Pension and post-retirement benefits:
Net prior service benefit (cost) amortization (net of tax of $(0.7) and $(0.2) in the Successor Periods and $0.2 in the Predecessor Period, respectively)
0.2 0.4 (0.2)(1)
Net actuarial gains (losses) recognized during the year (net of tax of $2.5 and $2.6 in the Successor Periods and $(4.9) in the Predecessor Period, respectively)
(0.9)(6.5)4.2 (1)
Net actuarial gains (losses) recognized due to settlement (net of tax of $(3.2) and $0.0 in the Successor Periods and $1.1 in the Predecessor Period, respectively)
1.2 0.1 (0.9)(1)
Total reclassifications for the period$0.5 $(6.0)$3.1 
(1)    Pension and other post-retirement benefits AOCI components are included in the computation of net periodic benefit cost (refer to Note 16).
v3.25.0.1
BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The following tables set forth the change in benefit obligation, change in plan assets, and funded status for the Company’s U.S. defined benefit pension plans:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
2024
Change in benefit obligation
Benefit obligation at beginning of period$362.3 $351.5 $359.8 
Interest cost19.1 7.6 11.9 
Actuarial loss (gain)5.4 10.1 (10.1)
Benefits paid(21.0)(6.9)(10.1)
Settlements(68.7)— — 
Benefit obligation at end of period297.1 362.3 351.5 
Change in plan assets
Fair value of plan assets at beginning of period301.9 293.3 293.0 
Actual return on plan assets0.9 14.3 8.4 
Employer contributions3.0 1.2 2.0 
Benefits paid(21.0)(6.9)(10.1)
Settlements(68.7)— — 
Fair value of plan assets at end of period216.1 301.9 293.3 
Funded status$(81.0)$(60.4)$(58.2)

The following tables set forth the change in benefit obligation, change in plan assets, and funded status for the Company's non-U.S. defined benefit plans:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
2024
Change in benefit obligation
Benefit obligation at beginning of period$326.1 $306.4 $297.5 
Service cost6.7 2.7 3.9 
Interest cost10.3 4.3 7.2 
Actuarial loss (gain)6.6 15.9 5.5 
Plan participant contributions1.2 0.1 1.1 
Benefits paid(6.8)(2.9)(4.6)
Plan amendments(0.9)(0.6)— 
Special termination benefits0.5 — — 
Curtailment— — (0.1)
Settlements(23.5)(2.9)(16.8)
Foreign currency impact(20.2)3.4 12.7 
Acquired benefit plans and other— (0.3)— 
Benefit obligation at end of period300.0 326.1 306.4 
Change in plan assets
Fair value of plan assets at beginning of period$348.6 $333.3 $325.3 
Actual return on plan assets39.1 15.2 14.5 
Employer contributions11.3 2.9 1.0 
Plan participant contributions1.2 0.1 1.1 
Benefits paid(6.8)(2.9)(4.6)
Foreign currency impact(21.4)2.9 12.8 
Settlements(23.5)(2.9)(16.8)
Fair value of plan assets at end of period348.5 348.6 333.3 
Funded status$48.5 $22.5 $26.9 

The following tables set forth the change in benefit obligation, change in plan assets, and funded status for the Company's other benefits:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
2024
Change in benefit obligation
Benefit obligation at beginning of period$4.0 $4.1 $4.3 
Interest cost0.3 0.1 0.2 
Actuarial loss (gain)(0.2)0.4 0.1 
Benefits paid(0.6)(0.6)(0.6)
Foreign currency impact(0.3)— 0.1 
Benefit obligation at end of period3.2 4.0 4.1 
Change in plan assets
Employer contributions0.6 0.6 0.6 
Benefits paid(0.6)(0.6)(0.6)
Fair value of plan assets at end of period— — — 
Funded status$(3.2)$(4.0)$(4.1)
The following table sets forth the consolidated balance sheet presentation for the Company’s defined benefit pension plans and other benefits at and for the years ended December 31:
20242023
Pension Benefits - U.S. Plans
Noncurrent assets$0.1 $— 
Current liabilities3.2 — 
Noncurrent liabilities (1)
77.9 60.4 
Accumulated other comprehensive income (loss):
Unrecognized net actuarial gain (loss) (2)
(19.8)(2.1)
Net amount recognized$61.2 $58.3 
Pension Benefits - Non-U.S. Plans
Noncurrent assets$91.5 $70.3 
Current liabilities3.1 4.3 
Noncurrent liabilities (1)
39.9 43.5 
Accumulated other comprehensive income (loss):
Unrecognized net actuarial gain (loss) (2)
11.5 (6.6)
Unrecognized prior service benefit (cost) (2)
1.4 0.6 
Net amount recognized$(35.6)$(28.5)
Other Benefits
Noncurrent assets$— $— 
Current liabilities0.4 0.4 
Noncurrent liabilities (1)
2.8 3.6 
Accumulated other comprehensive income (loss):
Unrecognized net actuarial gain (loss) (2)
(0.2)(0.5)
Net amount recognized$3.0 $3.5 
(1)    Included in the consolidated balance sheets 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.
The following table sets forth the change in accumulated other comprehensive income (loss) for the Company’s defined benefit pension plans and other benefits:

SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
2024
Pension Benefits - U.S. Plans
Balance at beginning of period$(2.1)$— $(77.3)
Net actuarial gains (losses) recognized during the period(22.7)(2.1)7.9 
Net actuarial gains (losses) occurring during the period— — 0.4 
Net actuarial gains (losses) recognized due to settlement5.0 — — 
Fresh Start Accounting Adjustments— — 69.0 
Balance at end of period$(19.8)$(2.1)$— 
Pension Benefits - Non-U.S. Plans
Balance at beginning of period$(6.0)$— $51.3 
Prior service credit (cost) recognized during the period0.9 0.6 (0.4)
Net actuarial gains (losses) recognized during the period19.1 (6.5)1.2 
Net actuarial gains (losses) occurring during the period— — (2.2)
Net actuarial gains (losses) recognized due to settlement(0.6)0.1 (2.0)
Foreign currency impact(0.5)(0.2)2.2 
Fresh Start Accounting Adjustments— (50.1)
Balance at end of period$12.9 $(6.0)$— 
Other Benefits
Balance at beginning of period$(0.5)$— $5.6 
Net actuarial gains (losses) recognized during the period0.2 (0.5)— 
Net actuarial gains (losses) occurring during the period— — (0.3)
Foreign currency impact0.1 — 0.2 
Fresh Start Accounting Adjustments— — (5.5)
Balance at end of period$(0.2)$(0.5)$— 
The following table sets forth the components of net periodic benefit cost for the Company’s defined benefit pension plans and other benefits:

SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Pension Benefits - U.S. Plans
Interest cost$19.1 $7.6 $11.9 $17.3 
Expected return on plan assets(18.1)(6.0)(11.0)(21.2)
Recognized net actuarial (gain) loss— — 0.4 4.4 
Settlement loss (gain)5.0 — — 14.3 
Net periodic benefit cost$6.0 $1.6 $1.3 $14.8 
Pension Benefits - Non-U.S. Plans
Service cost$6.7 $2.7 $3.9 $8.9 
Interest cost10.3 4.3 7.2 4.1 
Expected return on plan assets(13.4)(5.2)(8.4)(14.5)
Amortization of prior service cost(0.1)— (0.5)(0.4)
Recognized net actuarial loss (gain)— — (2.2)(1.6)
Curtailment loss— — (0.1)— 
Settlement loss (gain)(0.6)0.1 (2.1)(4.1)
Special termination benefits0.5 — — — 
Net periodic benefit cost$3.4 $1.9 $(2.2)$(7.6)
Other Benefits
Service cost$— $— $— $— 
Interest cost0.3 0.1 0.2 0.2 
Recognized net actuarial loss (gain)— — (0.3)(0.4)
Net periodic benefit cost$0.3 $0.1 $(0.1)$(0.2)
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:
20242023
U.S. PlansNon-U.S. PlansU.S. PlansNon-U.S. Plans
Projected benefit obligation$296.1 $200.2 $362.3 $216.2 
Accumulated benefit obligation$296.1 $186.3 $362.3 $203.6 
Fair value of plan assets$215.0 $62.6 $301.9 $63.7 
Schedule of Assumptions Used
The following table represents the weighted-average assumptions used to determine benefit obligations:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Pension Benefits - U.S. Plans
Discount rate5.73%5.52%5.69%
Rate of compensation increaseN/AN/AN/A
Pension Benefits - Non-U.S. Plans
Discount rate4.47%4.87%4.76%
Rate of compensation increase4.17%4.25%3.88%
Other Benefits
Discount rate7.28%6.97%6.83%
Rate of compensation increaseN/AN/AN/A

The following table represents the weighted-average assumptions used to determine periodic benefit cost:

SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Pension Benefits - U.S. Plans
Discount rate5.52%5.69%5.59%
Expected long-term return on plan assets6.30%5.25%5.25%
Rate of compensation increaseN/AN/AN/A
Pension Benefits - Non-U.S. Plans
Discount rate4.87%4.76%4.92%
Expected long-term return on plan assets3.60%3.75%3.75%
Rate of compensation increase4.25%3.91%3.88%
Other Benefits
Discount rate6.97%6.83%6.84%
Expected long-term return on plan assetsN/AN/AN/A
Rate of compensation increaseN/AN/AN/A
Schedule of Health Care Cost Trend Rates
The following table represents assumed healthcare cost trend rates:
SuccessorPredecessor
Year ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Healthcare cost trend rate assumed for next year6.6%5.6%5.7%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)4.2%4.2%4.2%
Year that rate reaches ultimate trend rate204720462046
Schedule of Allocation of Plan Assets
The following table summarizes the Company’s target allocation for these asset classes in 2025, 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, 2024 and 2023:
U.S. PlansNon-U.S. Plans
TargetActualTargetActual
202520242023202520242023
Equity securities41%40%39%50%50%51%
Debt securities50%47%51%29%29%29%
Real estate4%6%5%7%7%8%
Other5%7%5%14%14%12%
Total100%100%100%100%100%100%
The following table summarizes the fair value categorized into a three level hierarchy, as discussed in Note 1, based upon the assumptions (inputs) 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 

The following table summarizes the fair value of the Company’s plan assets as of December 31, 2023:
U.S. PlansNon-U.S. Plans
Fair ValueLevel 1Level 2NAVFair ValueLevel 1Level 2NAV
Cash and short-term investments$2.5 $2.5 $— $— $11.5 $10.7 $— $0.8 
Mutual funds1.0 1.0 — — — — — — 
Equity securities
International developed markets— — — — 178.7 178.7 — — 
Fixed income securities
International corporate bonds— — — — 56.3 56.3 — — 
Fixed and index funds— — — — 43.9 43.9 — — 
Common collective trusts
Real estate (a)15.2 — — 15.2 26.3 — 13.1 13.2 
Other (b)269.6 — — 269.6 18.8 — — 18.8 
Alternative investments
Private equity funds (c)13.6 — — 13.6 — — — — 
Other alternative investments (d)— — — — 13.1 0.2 — 12.9 
Fair value of plan assets at end of year$301.9 $3.5 $— $298.4 $348.6 $289.8 $13.1 $45.7 

In 2024 and 2023, 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, 2024, investments in this CCT, for U.S. plans, included approximately 16 percent office, 28 percent residential, 10 percent retail and 46 percent industrial, cash and other. As of December 31, 2023, investments in this CCT, for U.S. plans, included approximately 21 percent office, 32 percent residential, 10 percent retail and 38 percent 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, 2024, approximately 55 percent of the other CCTs are invested in fixed income securities including 59 percent in corporate bonds and 41 percent in U.S. Treasury and other. Approximately 19 percent of the other CCTs at December 31, 2024 are invested in Russell 1000 Fund large cap index funds, 14 percent in International Funds, and approximately 12 percent in funds, including emerging markets, real assets, and other funds. At December 31, 2023, approximately 53 percent of the other CCTs are invested in fixed-income securities, including approximately 36 percent in corporate bonds and 64 percent in U.S. Treasury and other. Approximately 19 percent of the other CCTs at December 31, 2023 are invested in Russell 1000 Fund large cap index funds, 16 percent in International Funds, and approximately 12 percent 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, 2024 and 2023, investments in these private equity funds include approximately 38 percent and 42 percent, respectively, in buyout private equity funds that usually invest in mature companies with established business plans, approximately 32 percent and 31 percent, respectively, in special situations private equity and debt funds that focus on niche investment strategies and approximately 30 percent and 27 percent 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, 2024 and 2023 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 Amounts Expected To Be Recognized in Other Comprehensive Income (Loss)
The following table represents the amortization amounts expected to be recognized during 2025:
U.S. Pension BenefitsNon-U.S. Pension BenefitsOther Benefits
Amount of net prior service credit$— $(0.1)$— 
Amount of net loss (gain)$— $(3.5)$— 
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
2025$23.0 $34.9 $0.4 $0.4 
2026$23.3 $23.5 $0.4 $0.4 
2027$23.6 $21.3 $0.4 $0.4 
2028$23.7 $21.5 $0.4 $0.3 
2029$23.6 $20.7 $0.3 $0.3 
2029-2033$115.5 $89.5 $1.4 $1.3 
v3.25.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Weighted-Average Remaining Lease Terms and Discount Rates and Balance Sheet Information Related to Leases
The following table summarizes the weighted-average remaining lease terms and discount rates related to the Company's lease population:
December 31, 2024December 31, 2023
Weighted-average remaining lease terms (in years)
Operating leases2.84.8
Finance leases5.12.5
Weighted-average discount rate
Operating leases6.3%8.3%
Finance leases7.7%6.6%
The following table summarizes the balance sheet information related to leases:
 December 31, 2024December 31, 2023
Assets
Operating$118.1 $98.7 
Finance19.7 6.9 
Total leased assets$137.8 $105.6 
Current liabilities
Operating$43.3 $39.6 
Finance4.5 3.7 
Noncurrent liabilities
Operating76.3 65.1 
Finance15.8 3.6 
Total lease liabilities$139.9 $112.0 
Schedule of Components of Lease Expense and Cash Flow Information Related to Leases
The following table summarizes the components of lease expense for the years ended December 31:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
20242022
Lease expense
Operating lease expense$64.6 $25.3 $41.9 $75.7 
Finance lease expense
Amortization of ROU lease assets$6.8 $1.9 $2.4 $4.1 
Interest on lease liabilities$1.6 $0.2 $0.5 $0.7 
Variable lease expense$11.9 $4.1 $5.2 $10.1 
The following table summarizes the cash flow information related to leases:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
 20242022
Cash paid for amounts included in the measurement of lease liabilities: 
Operating - operating cash flows$70.5 $30.1 $43.3 $76.2 
Finance - financing cash flows$6.2 $2.2 $2.5 $4.3 
Finance - operating cash flows$1.6 $0.2 $0.5 $0.7 
ROU lease assets obtained in the exchange for lease liabilities:
Operating leases$59.5 $6.7 $19.2 $28.1 
Finance leases$5.3 $0.6 $0.6 $7.4 
Schedule of Finance Lease, Liability, to be Paid, Maturity
The following table summarizes the maturities of lease liabilities:
OperatingFinance
2025$51.2 $6.1 
202635.6 4.1 
202721.9 3.1 
202810.9 2.1 
20295.3 1.6 
Thereafter15.3 11.7 
Total140.2 28.7 
Less: Present value discount(20.6)(8.4)
Lease liability$119.6 $20.3 
Schedule of Lessee, Operating Lease, Liability, Maturity
The following table summarizes the maturities of lease liabilities:
OperatingFinance
2025$51.2 $6.1 
202635.6 4.1 
202721.9 3.1 
202810.9 2.1 
20295.3 1.6 
Thereafter15.3 11.7 
Total140.2 28.7 
Less: Present value discount(20.6)(8.4)
Lease liability$119.6 $20.3 
v3.25.0.1
FINANCE LEASE RECEIVABLES (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024 are as follows:
2025$6.7 
20263.7 
20272.4 
20282.0 
20291.9 
Thereafter1.7 
$18.4 
Schedule of Components of Financing Receivables
The following table presents the components of finance lease receivables as of December 31:
20242023
Gross minimum lease receivable$18.4 $24.4 
Allowance for credit losses(0.1)(0.2)
18.3 24.2 
Less:
Unearned interest income(0.7)(0.9)
(0.7)(0.9)
Total$17.6 $23.3 
v3.25.0.1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Gain (Loss) Recognized on Derivative Instruments
The following table summarizes the gain (loss) recognized on derivative instruments:
SuccessorPredecessor
Derivative instrumentClassification on consolidated statement of operationsYear ended December 31, 2024Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31, 2022
Interest rate swaps and non-designated hedgesInterest expense$0.2 $— $(0.5)$(4.4)
Foreign exchange forward contracts and cash flow hedgesNet sales— — — (0.1)
Foreign exchange forward contracts and cash flow hedgesCost of sales— — — (0.5)
Foreign exchange forward contracts and cash flow hedgesForeign exchange gain (loss), net(0.3)(0.4)— — 
Total$(0.1)$(0.4)$(0.5)$(5.0)
v3.25.0.1
FAIR VALUE OF ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Recorded at Fair Market Value
Assets and liabilities subject to fair value measurement by fair value level and recorded at fair value are as follows:
Classification on consolidated balance sheetsDecember 31, 2024December 31, 2023
Fair ValueLevel 1Level 2Fair ValueLevel 1Level 2
Assets
Certificates of depositShort-term investments$16.9 $16.9 $— $13.4 $13.4 $— 
Assets held in rabbi trustsSecurities and other investments3.1 3.1 — 2.9 2.9 — 
Total$20.0 $20.0 $— $16.3 $16.3 $— 
Liabilities
Foreign exchange forward contractsOther current liabilities$— $— $— $0.4 $— $0.4 
Deferred compensationOther liabilities3.1 — 3.1 2.9 2.9 — 
Total$3.1 $— $3.1 $3.3 $2.9 $0.4 
v3.25.0.1
COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2024
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 balance sheets and in the consolidated statements of cash flows:

December 31, 2024December 31, 2023
Cash and cash equivalents$296.2 $550.2 
Professional fee escrow0.2 0.2 
Bank collateral guarantees8.0 32.5 
Pension collateral guarantees6.9 9.4 
Restricted cash and cash equivalents15.1 42.1 
Total cash, cash equivalents, and restricted cash$311.3 $592.3 
v3.25.0.1
REVENUE RECOGNITION (Tables)
 12 Months Ended
Dec. 31, 2024
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:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023
Timing of revenue recognition 2024
Products transferred at a point in time43%47%39%
Products and services transferred over time57%53%61%
Net sales100%100%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:
Contract balance informationTrade ReceivablesContract liabilities
Balance at January 1, 2024 (Successor)$721.8 $376.2 
Balance at December 31, 2024 (Successor)$588.5 $320.7 
Balance at January 1, 2023 (Predecessor)$612.2 $453.2 
Balance at December 31, 2023 (Successor)$721.8 $376.2 
v3.25.0.1
CLOUD IMPLEMENTATION (Tables)
 12 Months Ended
Dec. 31, 2024
Research and Development [Abstract]  
Schedule of Amortization of Cloud Implementation Fees Amortization of cloud implementation fees were as follows:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
20242022
Amortization of cloud implementation fees$4.0 $2.9 $2.0 $2.5 
v3.25.0.1
SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables represent information regarding the Company’s segment information and provides a reconciliation between segment operating profit and the consolidated income (loss) before income taxes:
SuccessorPredecessor
Year ended December 31,Period from 08/12/2023 through 12/31/2023Period from 01/01/2023 through 08/11/2023Year ended December 31,
20242022
Net sales summary by segment
Banking$2,762.8 $1,157.6 $1,511.0 $2,422.4 
Retail988.3 469.3 610.0 1,018.2 
Held for sale non-core European retail business (7)
— 1.7 10.9 20.1 
Total Revenue$3,751.1 $1,628.6 $2,131.9 $3,460.7 
Segment cost of sales
Banking$2,058.3 $858.5 $1,149.5 $1,849.4 
Retail744.5 347.2 462.4 771.9 
Total segment cost of sales$2,802.8 $1,205.7 $1,611.9 $2,621.3 
Segment gross profit
  Banking$704.5 $299.1 $361.5 $573.0 
  Retail243.8123.8 158.5 246.3 
Total segment gross profit$948.3 $422.9 $520.0 $819.3 
SG&A and other operating expenses
Banking$253.8 $143.8 $149.9 $262.2 
Retail121.965.2 72.3 112.3 
Total segment SG&A and other operating expenses$375.7 $209.0 $222.2 $374.5 
Segment operating profit
Banking$450.7 $155.3 $211.6 $310.8 
Retail121.9 58.6 86.2 134.0 
Total segment operating profit$572.6 $213.9 $297.8 $444.8 
Corporate charges not allocated to segments (1)
$(265.4)$(86.3)$(159.8)$(247.3)
Impairment of assets (2)
(1.9)(1.2)(3.3)(111.8)
Amortization of fair value assets (3)
— — (41.8)(69.6)
Restructuring and transformation expenses (4)
(106.1)(23.1)(38.4)(124.2)
Refinancing related costs (5)
(15.8)(5.1)(44.7)(32.0)
Net non-routine expense (6)
(1.3)(4.8)(7.4)(42.6)
Held for sale non-core European retail business (7)
— (1.0)(7.9)(29.0)
(390.5)(121.5)(303.3)(656.5)
Operating profit (loss)182.1 92.4 (5.5)(211.7)
Other income (expense)(134.8)(96.9)1,458.3 (226.9)
Income (loss) before taxes$47.3 $(4.5)$1,452.8 $(438.6)

(1)    Corporate charges not allocated to segments include headquarter-based costs associated primarily with human resources, finance, IT and legal that are not directly attributable to a particular segment and are separately assessed by the CODM for purposes of making decisions, assessing performance and allocating resources.
(2)    Impairment in the 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. Charges were taken in the first quarter of 2022 related to the North American ERP and certain assets in Ukraine, Russia, and Belarus; in the second quarter of 2022 related to facility closures; in the third quarter 2022 related to German capitalized software; and in the fourth quarter of 2022 related to assets at the held for sale non-core European retail business.
(3)    The amortization of purchase accounting intangible assets is not included in the segment results used by the CODM to make decisions, allocate resources or assess performance.
(4)    Refer to Note 12 for further information. Consistent with the historical reportable segment structure, restructuring and transformation costs are not assigned to the segments, and are separately analyzed by the CODM.
(5)    Refinancing related costs are fees earned by our advisors and the advisors of our lenders that do not qualify for capitalization.
(6)    Net non-routine expense consists of items that the Company has determined are non-routine in nature and not allocated to the reportable operating segments as they are not included in the measure used by the CODM to make decisions, allocate resources and assess performance.
(7)    Held for sale non-core European retail business represents the revenue and operating profit, excluding impairment which is captured separately, of a business that had been classified as held for sale for all the Predecessor Periods presented, but which was removed in 2022 from the retail segment's information used by the CODM to make decisions, assess performance and allocate resources, and was individually analyzed. This change and timing thereof aligns with the build-out of a data center that makes the entity capable of operating autonomously and is consistent with material provided in connection with our refinancing effort which are exclusive of this entity. This business was sold during the Successor Period.
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 08/11/2023Year ended December 31,
20242022
Banking
Services$1,587.4 $626.9 $954.3 $1,548.1 
Products1,175.4 530.7 556.7 874.3 
Total Banking$2,762.8 $1,157.6 $1,511.0 $2,422.4 
Retail
Services$563.0 $230.4 $335.2 $540.9 
Products425.3 238.9 274.8 477.3 
Total Retail$988.3 $469.3 $610.0 $1,018.2 
Held for sale non-core European retail business (7)
Services$— $1.1 $5.5 $9.9 
Products— 0.6 5.4 10.2 
— 1.7 10.9 20.1 
Total Revenue$3,751.1 $1,628.6 $2,131.9 $3,460.7 
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 08/11/2023Year ended December 31,
20242022
Americas
United States$945.4 $404.1 $583.9 $861.4 
Other Americas706.9 290.0 380.9 600.0 
Total Americas Revenue1,652.3 694.1 964.8 1,461.4 
EMEA
Germany577.2 248.2 283.9 522.8 
Other EMEA1,236.2 553.2 714.2 1,173.2 
Total EMEA Revenue1,813.4 801.4 998.1 1,696.0 
APAC
Total APAC Revenue285.4 133.1 169.0 303.3 
Total Revenue$3,751.1 $1,628.6 $2,131.9 $3,460.7 
Below is a summary of property, plant and equipment, net and right-of-use operating lease assets by geographical location as of December 31:
20242023
Property, plant and equipment, net
United States$25.1 $29.7 
Germany71.4 86.5 
Other international31.6 42.8 
Total property, plant and equipment, net$128.1 $159.0 
Right-of-use operating lease assets
United States$46.8 $30.9 
Germany6.8 10.1 
Other international64.5 57.7 
Total right-of-use operating lease assets$118.1 $98.7 
v3.25.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($)
$ in Millions
 1 Months Ended 5 Months Ended 7 Months Ended 12 Months Ended
Aug. 11, 2023
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Summary of Significant Accounting Policies [Abstract]          
Interest expense   $ 73.1 $ 173.6 $ 155.3 $ 199.2
Other assets   168.9   187.9  
Goodwill $ (616.6) (612.3) (616.6) (586.4) (702.3)
Current assets held for sale   0.0   9.6  
Liabilities held for sale   0.0   0.0  
Advertising costs   3.5 4.6 10.4 8.5
Research, development and engineering costs   34.4 62.3 93.6 120.7
Capitalization of software development costs   9.8 13.1 23.0 28.7
Restricted cash 60.8 42.1 $ 60.8 $ 15.1 11.7
Defined benefit plans, expected rate of return period       20 years  
Defined benefit plans, threshold percentage for amortization of unrecognized net gain (loss)       5.00%  
Trade receivables   721.8   $ 588.5 $ 612.2
Accounts payable   529.0   460.2  
Revision of Prior Period, Error Correction, Adjustment          
Summary of Significant Accounting Policies [Abstract]          
Interest expense $ (4.4) 4.4      
Other assets   4.4      
Goodwill   $ 4.4      
Related party          
Summary of Significant Accounting Policies [Abstract]          
Trade receivables       11.5  
Accounts payable       $ 27.0  
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%  
v3.25.0.1
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, 2024
Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance $ 0.0 $ 34.5 $ 3.6 $ 35.3
Charged to costs and expenses 8.0 16.6 17.8 14.0
Charged to other accounts (0.2) (0.3) (1.2) (0.1)
Deductions (4.2) (14.7) (9.3) (14.7)
Fresh Start Accounting adjustment 0.0 (36.1) 0.0 0.0
Ending balance $ 3.6 $ 0.0 $ 10.9 $ 34.5
v3.25.0.1
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, 2024
Dec. 31, 2022
Income (loss) used in basic and diluted loss per share        
Net income (loss) $ 14.7 $ 1,361.9 $ (14.5) $ (585.6)
Net income (loss) income attributable to noncontrolling interests 1.3 (0.8) 2.0 (4.2)
Net income (loss) attributable to Diebold Nixdorf, Incorporated $ 13.4 $ 1,362.7 $ (16.5) $ (581.4)
Denominator        
Weighted-average number of shares of common stock used in basic earnings (loss) per share (in shares) 37.6 79.7 37.6 79.0
Effect of dilutive shares (in shares) 0.0 1.7 0.0 0.0
Weighted-average number of shares used in diluted earnings (loss) per share (in shares) 37.6 81.4 37.6 79.0
Net income (loss) per share attributable to Diebold Nixdorf, Incorporated        
Basic income (loss) per share (in dollars per share) $ 0.36 $ 17.10 $ (0.44) $ (7.36)
Diluted earnings income (loss) per share (in dollars per share) $ 0.36 $ 16.74 $ (0.44) $ (7.36)
Anti-dilutive shares        
Anti-dilutive shares not used in calculating diluted weighted-average shares (in shares) 0.0 2.1 1.1 4.2
Incremental shares, excluded from dilutive calculation, due to resulting in operating loss (in shares)     0.1 1.5
v3.25.0.1
SHARE-BASED COMPENSATION AND EQUITY - 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, 2024
Dec. 31, 2022
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   $ 33.15  
Stock options granted (in dollars per share)     $ 12.41  
Cash based liability awards expense $ 1.8 $ 3.8 $ 11.6 $ (4.7)
Stock options        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period     4 years  
Expiration period 5 years      
Restricted Stock Units        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Number of common shares issued (in shares)     1  
RSU's granted $ 29.00 $ 0.0 $ 34.66 $ 6.57
Granted (in shares)     400,000  
Total fair value of awards vested $ 0.0 $ 8.2 $ 2.0 $ 11.0
Restricted Stock Units | Share-Based Payment Arrangement, Tranche One        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period     1 year  
Performance shares        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period     4 years  
Number of common shares issued (in shares)     1  
RSU's granted       $ 7.28
Granted (in shares) 0 0 0  
Liability awards        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period     3 years  
Minimum | Stock options        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period 1 year      
Minimum | Restricted Stock Units | Share-Based Payment Arrangement, Tranche Two        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period     3 years  
Maximum | Stock options        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period 4 years      
Maximum | Restricted Stock Units | Share-Based Payment Arrangement, Tranche Two        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Award vesting period     4 years  
v3.25.0.1
SHARE-BASED COMPENSATION AND EQUITY - 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, 2024
Dec. 31, 2022
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Pre-tax compensation expense $ 0.1 $ 2.4 $ 9.7 $ 13.4
Acceleration of Predecessor awards 0.0 2.7 0.0 0.0
Tax benefit 0.0 (1.2) (2.2) (1.6)
Total share-based compensation, net of tax 0.1 3.9 7.5 11.8
Stock options        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Pre-tax compensation expense 0.1 0.0 4.1 0.3
Tax benefit 0.0 0.0 (0.9) 0.0
Total share-based compensation, net of tax 0.1 0.0 3.2 0.3
RSU's        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Pre-tax compensation expense 0.0 2.3 5.6 13.6
Acceleration of Predecessor awards 0.0 2.7 0.0 0.0
Tax benefit 0.0 (1.2) (1.3) (1.6)
Total share-based compensation, net of tax 0.0 3.8 4.3 12.0
Performance shares        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Pre-tax compensation expense 0.0 0.1 0.0 (0.5)
Tax benefit 0.0 0.0 0.0 0.0
Total share-based compensation, net of tax $ 0.0 $ 0.1 $ 0.0 $ (0.5)
v3.25.0.1
SHARE-BASED COMPENSATION AND EQUITY - Unrecognized Compensation Costs (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]  
Unrecognized Cost $ 25.2
Stock options  
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]  
Unrecognized Cost $ 10.9
Weighted-Average Period 2 years 4 months 24 days
RSU's  
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]  
Unrecognized Cost $ 14.3
Weighted-Average Period 1 year 8 months 12 days
v3.25.0.1
SHARE-BASED COMPENSATION AND EQUITY - Fair Value Assumptions (Details) - Employee Stock Option [Member]
 5 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Expected life (in years) 3 years 9 months 3 years 11 months 12 days
Weighted-average volatility 65.00% 47.16%
Risk-free interest rate 3.94% 4.19%
Expected dividend yield 0.00% 0.00%
v3.25.0.1
SHARE-BASED COMPENSATION AND EQUITY - Stock Options Outstanding and Exercisable (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 5 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2024
Number of Shares    
Beginning balance (in shares)   0.6
Expired or forfeited (in shares)   (0.1)
Exercised (in shares)   0.0
Granted (in shares)   0.6
Ending balance (in shares) 0.6 1.1
Options exercisable (in shares)   0.1
Weighted-Average Exercise Price    
Beginning balance (in dollars per share)   $ 30.00
Expired (in dollars per share)   30.90
Exercised (in dollars per share)   0
Granted (in dollars per share) $ 30.00 33.15
Ending balance (in dollars per share) $ 30.00 31.58
Options exercisable (in dollars per share)   $ 30.00
Weighted-Average Remaining Contractual Term    
Outstanding   6 years 3 months 18 days
Options exercisable   3 years 8 months 12 days
Aggregate Intrinsic Value    
Outstanding   $ 0.0
Options exercisable   $ 0.0
v3.25.0.1
SHARE-BASED COMPENSATION AND EQUITY - 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, 2024
Dec. 31, 2022
Number of Shares        
Beginning balance (in shares)     0.3  
Forfeited (in shares)     0.0  
Vested (in shares)     (0.1)  
Granted (in shares)     0.4  
Ending balance (in shares) 0.3   0.6  
Weighted-Average Grant-Date Fair Value        
Beginning balance (in dollars per share)     $ 29.00  
Forfeited (in dollars per share)     0  
Vested (in dollars per share)     29.00  
Granted (in dollars per share) $ 29.00 $ 0.0 34.66 $ 6.57
Ending balance (in dollars per share) $ 29.00   $ 32.60  
v3.25.0.1
INCOME TAXES - (Loss) Income 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, 2024
Dec. 31, 2022
Income Tax Disclosure [Abstract]        
Domestic $ (67.1) $ 797.1 $ (195.8) $ (413.2)
Foreign 62.6 655.7 243.1 (25.4)
Income (loss) before taxes $ (4.5) $ 1,452.8 $ 47.3 $ (438.6)
v3.25.0.1
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, 2024
Dec. 31, 2022
Current        
U.S. federal $ (1.5) $ (3.7) $ 6.8 $ 8.5
Foreign 33.0 14.4 59.1 43.3
State and local (0.4) 0.0 6.5 4.0
Total current 31.1 10.7 72.4 55.8
Deferred        
U.S. federal (27.1) 29.5 (15.7) 62.5
Foreign (11.7) 42.0 11.6 22.4
State and local (7.0) 8.2 (4.0) 8.5
Total deferred (45.8) 79.7 (8.1) 93.4
Income tax expense (benefit) $ (14.7) $ 90.4 $ 64.3 $ 149.2
v3.25.0.1
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, 2024
Dec. 31, 2022
Income Tax Disclosure [Abstract]        
Federal statutory income tax rate     21.00%  
Statutory tax expense (benefit) $ (0.9) $ 305.1 $ 9.9 $ (92.1)
State and local taxes (net of federal tax benefit) (5.1) 8.4 2.2 (17.6)
Brazil non-taxable incentive (3.3) (0.6) 0.0 (4.6)
Valuation allowances 1.1 (194.0) 6.6 209.8
Goodwill impairment 0.0 0.0 0.0 9.3
Foreign tax rate differential 1.5 47.3 17.4 (4.6)
Tax on unremitted foreign earnings 1.5 6.8 (3.5) 4.2
Change to uncertain tax positions 0.0 (1.8) (3.2) 1.8
U.S. taxed foreign income (9.2) 23.6 6.3 17.1
Non-deductible (non-taxable) items 16.2 65.8 17.2 15.5
Reorganization/Fresh Start reporting (21.5) (170.9) 0.0 0.0
Prior year deferred true up 1.0 (6.1) (1.5) 0.0
Return to provision (1.2) 8.4 3.6 3.3
Withholding tax and other taxes 5.1 0.6 9.2 5.4
Other 0.1 (2.2) 0.1 1.7
Income tax expense (benefit) $ (14.7) $ 90.4 $ 64.3 $ 149.2
v3.25.0.1
INCOME TAXES - Narrative (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosures [Line Items]          
Effective income tax rate reconciliation, percent 326.70% 6.20% 135.90% (34.00%)  
Unrecognized tax benefits $ 52.6 $ 52.7 $ 55.4 $ 52.1 $ 55.1
Unrecognized tax benefits that would affect the effective tax rate     15.4    
Unrecognized tax benefits that would not affect the effective tax rate     40.0    
Income tax penalties and interest accrued 1.4   0.9    
Expected reduction in unrecognized tax benefits in next 12 months     6.0    
Operating loss carryforwards     386.3    
NOL deferred tax asset     105.1    
Operating loss carryforwards, set to expire     136.2    
Operating loss carryforwards, no expiration     250.1    
Increase (decrease) in valuation allowance (46.6) (188.1) (20.2)    
Income tax expense (benefit) $ (14.7) $ 90.4 64.3 $ 149.2  
Deferred tax liability not recognized, amount of unrecognized deferred tax liability     440.4    
U.S. Foreign And State Authority          
Income Tax Disclosures [Line Items]          
Income tax expense (benefit)     5.1    
Income tax effects allocated directly to equity     $ 15.1    
v3.25.0.1
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, 2024
Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]        
Balance at beginning of the period $ 52.7 $ 52.1 $ 52.6 $ 55.1
Increases related to prior year tax positions, net 0.0 0.6 4.7  
Decreases related to prior year tax positions, net       (1.7)
Settlements 0.0 0.0 0.0 (0.7)
Reductions due to lapse of applicable statute of limitations (0.1) 0.0 (1.9) (0.6)
Balance the end of the period $ 52.6 $ 52.7 $ 55.4 $ 52.1
v3.25.0.1
INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets    
Accrued expenses $ 139.3 $ 96.8
Warranty accrual 6.5 7.5
Deferred compensation 2.0 0.0
Allowances for doubtful accounts 3.7 2.0
Inventories 17.0 22.6
Deferred revenue 26.7 31.3
Pensions, post-retirement and other benefits 45.5 50.7
Capitalized R&D 29.8 21.1
Tax credits 6.0 7.3
Net operating loss carryforwards 99.8 127.9
Capital loss carryforwards 1.3 1.2
State deferred taxes 7.0 6.3
Lease liability 30.6 21.8
Other 3.4 7.4
Deferred tax assets, gross 418.6 403.9
Valuation allowances (213.4) (233.6)
Net deferred tax assets 205.2 170.3
Deferred tax liabilities    
Property, plant and equipment, net 15.4 33.5
Goodwill and intangible assets 226.6 203.9
Undistributed earnings 38.0 43.4
Right-of-use assets 32.0 22.7
Other 0.5 0.3
Net deferred tax liabilities 312.5 303.8
Net deferred tax liabilities $ (107.3) $ (133.5)
v3.25.0.1
INCOME TAXES - Deferred Taxes By Balance Sheet Account (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]    
Deferred income taxes - assets $ 69.5 $ 71.4
Deferred income taxes - liabilities (176.8) (204.9)
Net deferred tax liabilities $ (107.3) $ (133.5)
v3.25.0.1
INVENTORIES (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Inventory [Line Items]    
Raw materials and work in process $ 170.3 $ 174.0
Finished goods 183.9 242.0
Service parts 173.9 173.8
Total inventories 528.1 589.8
Products    
Inventory [Line Items]    
Total inventories $ 354.2 $ 416.0
v3.25.0.1
PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Property, Plant and Equipment [Line Items]      
Total property plant and equipment, at cost $ 173.3   $ 169.9
Less accumulated depreciation and amortization 14.3   41.8
Total property plant and equipment, net 159.0   128.1
Depreciation expense 16.2 $ 18.3 $ 29.5
Land and land improvements      
Property, Plant and Equipment [Line Items]      
Estimated Useful Life (years)     15 years
Total property plant and equipment, at cost 21.6   $ 17.2
Buildings and building improvements      
Property, Plant and Equipment [Line Items]      
Total property plant and equipment, at cost 48.0   $ 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 34.8   $ 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 6.6   $ 3.5
Computer equipment      
Property, Plant and Equipment [Line Items]      
Total property plant and equipment, at cost 17.1   $ 13.2
Computer equipment | Minimum      
Property, Plant and Equipment [Line Items]      
Estimated Useful Life (years)     3 years
Computer equipment | Maximum      
Property, Plant and Equipment [Line Items]      
Estimated Useful Life (years)     5 years
Computer software      
Property, Plant and Equipment [Line Items]      
Total property plant and equipment, at cost 6.1   $ 5.2
Computer software | Minimum      
Property, Plant and Equipment [Line Items]      
Estimated Useful Life (years)     5 years
Computer 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 18.0   $ 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 11.7   $ 21.9
Construction in progress      
Property, Plant and Equipment [Line Items]      
Total property plant and equipment, at cost $ 9.4   $ 13.5
v3.25.0.1
INVESTMENTS - Schedule of Investment (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets held in rabbi trusts    
Long-term investments    
Cost Basis $ 2.2 $ 2.3
Unrealized Gain 0.9 0.6
Fair Value 3.1 2.9
Certificates of deposit    
Short-term investments    
Cost Basis 16.9 13.4
Long-term investments    
Unrealized Gain 0.0 0.0
Certificates of deposit | Short-term investments | Level 1 | Fair Value, Measurements, Recurring    
Long-term investments    
Fair Value $ 16.9 $ 13.4
v3.25.0.1
INVESTMENTS - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Related Party Transaction [Line Items]      
Cash surrender value of insurance contracts $ 3.9 $ 3.6  
Trade receivables 588.5 721.8 $ 612.2
Accounts payable 460.2 $ 529.0  
Related party      
Related Party Transaction [Line Items]      
Trade receivables 11.5    
Accounts payable $ 27.0    
Inspur JV      
Related Party Transaction [Line Items]      
Equity method investment, ownership percentage 48.10%    
Aisino JV      
Related Party Transaction [Line Items]      
Equity method investment, ownership percentage 49.00%    
v3.25.0.1
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, 2024
Dec. 31, 2022
Mar. 31, 2023
Goodwill [Line Items]          
Amortization $ 42.8 $ 59.0 $ 103.7 $ 96.2  
Minimum | Capitalized software development          
Goodwill [Line Items]          
Estimated useful lives     3 years    
Maximum | Capitalized software development          
Goodwill [Line Items]          
Estimated useful lives     5 years    
Global Banking          
Goodwill [Line Items]          
Fair value in excess of carrying value, percentage         43.00%
Global Retail          
Goodwill [Line Items]          
Fair value in excess of carrying value, percentage         34.00%
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Goodwill [Line Items]        
Goodwill       $ 1,173.2
Accumulated impairment losses       (470.9)
Goodwill, net $ 612.3 $ 616.6 $ 586.4 702.3
Goodwill [Roll Forward]        
Beginning balance 616.6 702.3 612.3  
Currency translation adjustment (0.1) 12.0 (25.9)  
Fresh Start adjustment to goodwill   (568.6)    
Fresh Start adjustment to accumulated impairment losses   470.9    
Divestiture (4.2)      
Ending balance 612.3 616.6 586.4  
Banking        
Goodwill [Line Items]        
Goodwill       903.6
Accumulated impairment losses       (413.7)
Goodwill, net 468.1 468.1 448.4 489.9
Goodwill [Roll Forward]        
Beginning balance 468.1 489.9 468.1  
Currency translation adjustment 0.0 8.5 (19.7)  
Fresh Start adjustment to goodwill   (444.0)    
Fresh Start adjustment to accumulated impairment losses   413.7    
Divestiture 0.0      
Ending balance 468.1 468.1 448.4  
Retail        
Goodwill [Line Items]        
Goodwill       269.6
Accumulated impairment losses       (57.2)
Goodwill, net 144.2 148.5 138.0 $ 212.4
Goodwill [Roll Forward]        
Beginning balance 148.5 212.4 144.2  
Currency translation adjustment (0.1) 3.5 (6.2)  
Fresh Start adjustment to goodwill   (124.6)    
Fresh Start adjustment to accumulated impairment losses   57.2    
Divestiture (4.2)      
Ending balance $ 144.2 $ 148.5 $ 138.0  
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 909.7 $ 930.2
Accumulated Amortization (131.1) (38.9)
Net Carrying Amount $ 778.6 891.3
Customer relationships, net    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 16 years 3 months 18 days  
Gross Carrying Amount $ 523.8 555.5
Accumulated Amortization (41.1) (12.5)
Net Carrying Amount 482.7 543.0
Other intangible assets, net    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 385.9 374.7
Accumulated Amortization (90.0) (26.4)
Net Carrying Amount $ 295.9 348.3
Trademarks and trade names    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 17 years 4 months 24 days  
Gross Carrying Amount $ 114.5 118.8
Accumulated Amortization (8.5) (2.6)
Net Carrying Amount $ 106.0 116.2
Capitalized software development    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 3 years 9 months 18 days  
Gross Carrying Amount $ 46.9 22.0
Accumulated Amortization (6.1) (1.1)
Net Carrying Amount $ 40.8 20.9
Technology know-how and development costs non-software    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 4 years 10 months 24 days  
Gross Carrying Amount $ 186.2 193.3
Accumulated Amortization (41.3) (12.5)
Net Carrying Amount $ 144.9 180.8
Other    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 2 months 12 days  
Gross Carrying Amount $ 38.3 40.6
Accumulated Amortization (34.1) (10.2)
Net Carrying Amount $ 4.2 $ 30.4
v3.25.0.1
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, 2024
Dec. 31, 2022
Movement in Capitalized Computer Software, Net [Roll Forward]        
Beginning balance $ 13.8 $ 42.5 $ 20.9 $ 43.2
Capitalization 9.8 13.1 23.0 28.7
Amortization (1.8) (12.4) (3.5) (14.1)
Impairment 0.0 0.0 0.0 (9.8)
Other (0.9) (6.1) 0.4 (5.5)
Fresh Start Accounting Adjustments 0.0 (23.3) 0.0 0.0
Ending balance $ 20.9 $ 13.8 $ 40.8 $ 42.5
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Amortization Expense (Details)
$ in Millions
Dec. 31, 2024
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2025 $ 82.3
2026 78.0
2027 78.0
2028 78.0
2029 59.4
Thereafter 402.9
Finite-lived intangible assets, net $ 778.6
v3.25.0.1
PRODUCT WARRANTIES (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]      
Beginning balance $ 26.6 $ 28.3 $ 28.0
Accruals 16.3 18.8 40.1
Settlements (14.6) (21.9) (43.7)
Currency translation (0.3) 1.4 (1.9)
Ending balance $ 28.0 $ 26.6 $ 22.5
v3.25.0.1
RESTRUCTURING - Narrative (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 22.6 $ 38.9 $ 106.1 $ 124.2
Operating Segments        
Restructuring Cost and Reserve [Line Items]        
Expected costs to be incurred 140.0      
Banking | Operating Segments        
Restructuring Cost and Reserve [Line Items]        
Expected costs to be incurred 43.0      
Restructuring charges     20.0  
Retail | Operating Segments        
Restructuring Cost and Reserve [Line Items]        
Expected costs to be incurred $ 12.0      
Restructuring charges     $ 7.8  
v3.25.0.1
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, 2024
Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]        
Total $ 22.6 $ 38.9 $ 106.1 $ 124.2
Services        
Restructuring Cost and Reserve [Line Items]        
Total $ (1.4) $ 5.3 $ 24.6 $ 7.7
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]        
Total $ (1.5) $ 0.8 $ 3.2 $ 13.1
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]        
Total $ 25.4 $ 29.4 $ 72.0 $ 94.4
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]        
Total $ 0.1 $ 1.5 $ 4.6 $ 9.0
Restructuring charges, location Research, development and engineering costs Research, development and engineering costs Research, development and engineering costs Research, development and engineering costs
Impairment of assets and other        
Restructuring Cost and Reserve [Line Items]        
Total $ 0.0 $ 1.9 $ 1.7 $ 0.0
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
v3.25.0.1
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
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Restructuring Reserve [Roll Forward]        
Balance at beginning of period $ 14.4 $ 44.2 $ 10.3 $ 35.3
Liabilities incurred 5.3 6.8 32.8 62.5
Liabilities paid/settled (9.4) (37.0) (26.9) (53.6)
Other   0.4 (0.3)  
Balance at end of period $ 10.3 $ 14.4 $ 15.9 $ 44.2
v3.25.0.1
DEBT - Schedule of Outstanding Debt Balances (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Notes payable – current    
Notes payable – current $ 0.2 $ 0.3
Long-term debt    
Long-term debt, gross 965.8 1,253.6
Long-term deferred financing fees (38.5) (1.2)
Long-term debt 927.3 1,252.4
Exit Facility    
Long-term debt    
Long-term debt, gross 0.0 1,250.0
2030 Senior Secured Notes | Senior Notes    
Long-term debt    
Long-term debt, gross 950.0 0.0
Other    
Notes payable – current    
Notes payable – current 0.2 0.3
Long-term debt    
Long-term debt, gross $ 15.8 $ 3.6
v3.25.0.1
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%
v3.25.0.1
DEBT - New Revolving Credit Agreement (Details) - 2029 Revolving Facility - Line of Credit
Dec. 18, 2024
USD ($)
Line of Credit Facility [Line Items]  
Line of credit facility, maximum borrowing capacity $ 310,000,000.0
Adjusted secured overnight financing rate | Minimum  
Line of Credit Facility [Line Items]  
Basis spread rate 2.75%
Adjusted secured overnight financing rate | Maximum  
Line of Credit Facility [Line Items]  
Basis spread rate 3.50%
Base rate | Minimum  
Line of Credit Facility [Line Items]  
Basis spread rate 1.75%
Base rate | Maximum  
Line of Credit Facility [Line Items]  
Basis spread rate 2.50%
v3.25.0.1
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, 2024
Dec. 31, 2022
Line of Credit Facility [Line Items]          
Amount borrowed   $ 5.0 $ 1,313.3 $ 950.4  
Loss on extinguishment of debt   0.0 0.0 7.1 $ 0.0
Debt costs incurred   0.0 5.1 26.8 15.7
2029 Revolving Facility          
Line of Credit Facility [Line Items]          
Amount borrowed   0.0 0.0 70.0 0.0
Exit Facility          
Line of Credit Facility [Line Items]          
Amount borrowed   0.0 1,250.0 0.0 0.0
Debt extinguished $ 136.6        
Unamortized costs 0.7        
2030 Senior Secured Notes          
Line of Credit Facility [Line Items]          
Amount borrowed   0.0 0.0 950.0 0.0
2030 Senior Secured Notes | Senior Notes          
Line of Credit Facility [Line Items]          
Debt extinguished 478.8        
Debt costs capitalized 32.2        
2027 Revolving Facility          
Line of Credit Facility [Line Items]          
Amount borrowed   $ 0.0 $ 0.0 $ 200.0 $ 693.9
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        
v3.25.0.1
DEBT - DIP Facility and Exit Credit Agreement (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Jun. 05, 2023
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
May 30, 2023
Line of Credit Facility [Line Items]            
Debt prepayment costs   $ 0.0 $ 0.0 $ 21.0 $ 0.0  
DIP Facility            
Line of Credit Facility [Line Items]            
Debtor-in-possession financing, premium           10.00%
Debtor-in-possession financing, upfront premium           7.00%
Debtor-in-possession financing, additional premium           7.00%
DIP Facility | Line of Credit | Revolving Facility            
Line of Credit Facility [Line Items]            
New credit agreement $ 1,250.0          
DIP Facility Term B 1 Tranche | Line of Credit | Revolving Facility            
Line of Credit Facility [Line Items]            
New credit agreement 760.0          
DIP Facility Term B 2 Tranche | Line of Credit | Revolving Facility            
Line of Credit Facility [Line Items]            
New credit agreement 490.0          
Debtor In Possession Term Loan Facility            
Line of Credit Facility [Line Items]            
Debtor-in-possession financing, backstop premium           13.50%
Superpriority Facility | Line of Credit            
Line of Credit Facility [Line Items]            
Repayments of lines of credit 492.3          
Repayments of lines of credit, principal and interest 401.3          
Debt prepayment costs 20.0          
Repayments of lines of credit, make-whole amount 71.0          
ABL Facility | Line of Credit            
Line of Credit Facility [Line Items]            
Repayments of lines of credit 241.0          
Repayments of lines of credit, principal and interest 211.2          
ABL Facility | Line of Credit | Letter of credit            
Line of Credit Facility [Line Items]            
Repayments of lines of credit $ 29.8          
Exit Facility | Secured Debt | Revolving Facility            
Line of Credit Facility [Line Items]            
Line of credit facility, maximum borrowing capacity     1,250.0      
DIP financing     1,250.0      
Amount deemed drawn     $ 1,250.0      
v3.25.0.1
DEBT - Line of Credit (Details) - International short-term uncommitted lines of credit - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Line of Credit Facility [Line Items]    
Borrowing capacity under credit facility $ 16.8 $ 8.2
Remaining borrowing capacity $ 16.8 $ 8.2
Line of credit facility expiration period 1 year  
v3.25.0.1
DEBT - Revolving Facility (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Feb. 13, 2024
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Line of Credit Facility [Line Items]          
Repayments of debt   $ 6.7 $ 650.3 $ 1,250.5  
2027 Revolving Facility          
Line of Credit Facility [Line Items]          
Repayments of debt   0.0 0.0 200.0 $ 572.9
Exit Facility          
Line of Credit Facility [Line Items]          
Repayments of debt   $ 0.0 0.0 $ 1,250.0  
Revolving Facility | 2027 Revolving Facility | Line of Credit          
Line of Credit Facility [Line Items]          
Line of credit facility, maximum borrowing capacity $ 200.0        
Revolving Facility | Exit Facility | Secured Debt          
Line of Credit Facility [Line Items]          
Line of credit facility, maximum borrowing capacity     $ 1,250.0    
Repayments of debt 200.0        
Letter of credit | 2027 Revolving Facility | Line of Credit          
Line of Credit Facility [Line Items]          
Line of credit facility, maximum borrowing capacity 50.0        
Swing loan | 2027 Revolving Facility | Line of Credit          
Line of Credit Facility [Line Items]          
Line of credit facility, maximum borrowing capacity $ 20.0        
v3.25.0.1
DEBT - Schedule of Cash Flows Related to Debt Borrowings and Repayments (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Debt Instrument [Line Items]        
Borrowings and proceeds from debt $ 5.0 $ 1,313.3 $ 950.4  
Repayments of debt (6.7) (650.3) (1,250.5)  
2027 Revolving Facility        
Debt Instrument [Line Items]        
Borrowings and proceeds from debt 0.0 0.0 200.0 $ 693.9
Repayments of debt 0.0 0.0 (200.0) (572.9)
2029 Revolving Facility        
Debt Instrument [Line Items]        
Borrowings and proceeds from debt 0.0 0.0 70.0 0.0
Repayments of debt 0.0 0.0 (70.0) 0.0
FILO Facility        
Debt Instrument [Line Items]        
Borrowings and proceeds from debt 0.0 58.9 0.0 0.0
Repayments of debt 0.0 (58.9) 0.0 0.0
Exit Facility        
Debt Instrument [Line Items]        
Borrowings and proceeds from debt 0.0 1,250.0 0.0 0.0
Repayments of debt 0.0 0.0 (1,250.0)  
2030 Senior Secured Notes        
Debt Instrument [Line Items]        
Borrowings and proceeds from debt 0.0 0.0 950.0 0.0
International short-term uncommitted lines of credit        
Debt Instrument [Line Items]        
Borrowings and proceeds from debt 5.0 4.4 0.4 16.1
Repayments of debt (6.7) (0.9) (0.5)  
Term Loan B Facility - USD        
Debt Instrument [Line Items]        
Repayments of debt 0.0 (1.3) 0.0  
Term Loan B Facility - Euro        
Debt Instrument [Line Items]        
Repayments of debt 0.0 (0.3) 0.0  
ABL Facility        
Debt Instrument [Line Items]        
Repayments of debt 0.0 (188.3) 0.0 0.0
Superpriority Term Loans        
Debt Instrument [Line Items]        
Borrowings and proceeds from debt 0.0 0.0 0.0 370.0
Repayments of debt $ 0.0 $ (400.6) $ 0.0 $ 0.0
v3.25.0.1
DEBT - Financing Facilities (Details)
 12 Months Ended
Dec. 31, 2024
2030 Senior Secured Notes | Senior Notes  
Short-Term Debt [Line Items]  
Interest rate margin 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]  
Interest rate margin 2.75%
2029 Revolving Facility | Revolving Facility | Line of Credit | Maximum  
Short-Term Debt [Line Items]  
Interest rate margin 3.50%
v3.25.0.1
DEBT - Interest Expense (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Debt Disclosure [Abstract]        
Interest expense $ 64.7 $ 148.7 $ 141.3 $ 187.9
v3.25.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule 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, 2024
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance $ 1,057.3 $ (1,371.1) $ 1,079.2
Ending balance 1,079.2 1,057.3 938.2
Accumulated Other Comprehensive Income (Loss)      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance 0.0 (360.0) 7.6
Other comprehensive income (loss) before reclassifications 13.6 36.9 (126.0)
Amounts reclassified from AOCI (6.0) 3.1 0.5
Fresh Start Accounting Adjustments   320.0  
Net current period other comprehensive income (loss) 7.6 360.0 (125.5)
Ending balance 7.6 0.0 (117.9)
Translation      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance 0.0 (352.1) 14.2
Other comprehensive income (loss) before reclassifications 14.2 28.7 (125.8)
Amounts reclassified from AOCI 0.0 0.0 0.0
Fresh Start Accounting Adjustments   323.4  
Net current period other comprehensive income (loss) 14.2 352.1 (125.8)
Ending balance 14.2 0.0 (111.6)
Other comprehensive (loss) income before reclassifications within the translation component, amount excluded (0.2) (9.7) 0.3
Hedges | Foreign Currency Hedges      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance 0.0 (1.9) (0.1)
Other comprehensive income (loss) before reclassifications (0.1) 4.7 0.0
Amounts reclassified from AOCI 0.0 0.0 0.0
Fresh Start Accounting Adjustments   (2.8)  
Net current period other comprehensive income (loss) (0.1) 1.9 0.0
Ending balance (0.1) 0.0 (0.1)
Hedges | Interest Rate Hedges      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance 0.0 5.3 0.0
Other comprehensive income (loss) before reclassifications 0.0 3.4 (0.1)
Amounts reclassified from AOCI 0.0 0.0 0.0
Fresh Start Accounting Adjustments   (8.7)  
Net current period other comprehensive income (loss) 0.0 (5.3) (0.1)
Ending balance 0.0 0.0 (0.1)
Pension and Other Post-Retirement Benefits      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance 0.0 (12.6) (6.1)
Other comprehensive income (loss) before reclassifications (0.1) 0.1 (0.1)
Amounts reclassified from AOCI (6.0) 3.1 0.5
Fresh Start Accounting Adjustments   9.4  
Net current period other comprehensive income (loss) (6.1) 12.6 0.4
Ending balance (6.1) 0.0 (5.7)
Other      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance 0.0 1.3 (0.4)
Other comprehensive income (loss) before reclassifications (0.4) 0.0 0.0
Amounts reclassified from AOCI 0.0 0.0 0.0
Fresh Start Accounting Adjustments   (1.3)  
Net current period other comprehensive income (loss) (0.4) (1.3) 0.0
Ending balance $ (0.4) $ 0.0 $ (0.4)
v3.25.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - 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, 2024
Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Miscellaneous, net $ (0.8) $ 12.3 $ 1.5 $ 2.2
Net income (loss) 14.7 1,361.9 (14.5) (585.6)
Income tax expense (benefit) (14.7) 90.4 64.3 $ 149.2
Reclassifications        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Net income (loss) (6.0) 3.1 0.5  
Reclassifications | Net prior service benefit (cost) amortization        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Miscellaneous, net 0.4 (0.2) 0.2  
Income tax expense (benefit) (0.2) 0.2 (0.7)  
Reclassifications | Net actuarial (losses) gains        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Miscellaneous, net (6.5) 4.2 (0.9)  
Income tax expense (benefit) 2.6 (4.9) 2.5  
Reclassifications | Net actuarial gains (losses) due to settlement        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Miscellaneous, net 0.1 (0.9) 1.2  
Income tax expense (benefit) $ 0.0 $ 1.1 $ (3.2)  
v3.25.0.1
DIVESTITURES (Details) - USD ($)
$ in Millions
 3 Months Ended 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Impairment of assets         $ 1.2 $ 3.3 $ 1.9 $ 111.8  
Reverse Vending Business Divestiture (Pop)                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Proceeds from divestiture of businesses       $ 5.8          
Impairment of assets                 $ 1.3
Reverse Vending Business Divestiture (Pop-Q2)                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Proceeds from divestiture of businesses     $ 4.7            
Sale of IT Asset - IP Address                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Proceeds from divestiture of businesses   $ 3.5              
Belgian Building Disposal - CP                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                  
Proceeds from divestiture of businesses $ 2.7                
Gain (loss) on disposition of business $ 1.9                
v3.25.0.1
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, 2024
Dec. 31, 2022
Amounts recognized in balance sheets        
Noncurrent liabilities $ 112.6   $ 124.4  
Pension Benefits        
Change in plan assets        
Employer contributions     14.9  
Other Benefits        
Change in benefit obligation        
Benefit obligation at beginning of period 4.1 $ 4.3 4.0  
Service cost 0.0 0.0 0.0 $ 0.0
Interest cost 0.1 0.2 0.3 0.2
Actuarial loss (gain) 0.4 0.1 (0.2)  
Benefits paid (0.6) (0.6) (0.6)  
Foreign currency impact 0.0 0.1 (0.3)  
Benefit obligation at end of period 4.0 4.1 3.2 4.3
Change in plan assets        
Fair value of plan assets at beginning of period 0.0   0.0  
Employer contributions 0.6 0.6 0.6  
Benefits paid (0.6) (0.6) (0.6)  
Fair value of plan assets at end of period 0.0 0.0 0.0  
Funded status (4.0) (4.1) (3.2)  
Amounts recognized in balance sheets        
Noncurrent assets 0.0   0.0  
Current liabilities 0.4   0.4  
Noncurrent liabilities 3.6   2.8  
Accumulated other comprehensive income (loss):        
Unrecognized net actuarial gain (loss) (0.5)   (0.2)  
Net amount recognized 3.5   3.0  
Change in accumulated other comprehensive income        
Balance at beginning of period 0.0 5.6 (0.5)  
Net actuarial gains (losses) recognized during the period (0.5) 0.0 0.2  
Net actuarial gains (losses) occurring during the period 0.0 (0.3) 0.0  
Foreign currency impact 0.0 0.2 0.1  
Fresh Start Accounting Adjustments 0.0 (5.5) 0.0  
Balance at end of period (0.5) 0.0 (0.2) 5.6
U.S. Plans | Pension Benefits        
Change in benefit obligation        
Benefit obligation at beginning of period 351.5 359.8 362.3  
Interest cost 7.6 11.9 19.1 17.3
Actuarial loss (gain) 10.1 (10.1) 5.4  
Benefits paid (6.9) (10.1) (21.0)  
Settlements 0.0 0.0 (68.7)  
Benefit obligation at end of period 362.3 351.5 297.1 359.8
Change in plan assets        
Fair value of plan assets at beginning of period 293.3 293.0 301.9  
Actual return on plan assets 14.3 8.4 0.9  
Employer contributions 1.2 2.0 3.0  
Benefits paid (6.9) (10.1) (21.0)  
Settlements 0.0 0.0 (68.7)  
Fair value of plan assets at end of period 301.9 293.3 216.1 293.0
Funded status (60.4) (58.2) (81.0)  
Amounts recognized in balance sheets        
Noncurrent assets 0.0   0.1  
Current liabilities 0.0   3.2  
Noncurrent liabilities 60.4   77.9  
Accumulated other comprehensive income (loss):        
Unrecognized net actuarial gain (loss) (2.1)   (19.8)  
Net amount recognized 58.3   61.2  
Change in accumulated other comprehensive income        
Balance at beginning of period 0.0 (77.3) (2.1)  
Net actuarial gains (losses) recognized during the period (2.1) 7.9 (22.7)  
Net actuarial gains (losses) occurring during the period 0.0 0.4 0.0  
Net actuarial gains (losses) recognized due to settlement 0.0 0.0 5.0  
Fresh Start Accounting Adjustments 0.0 69.0 0.0  
Balance at end of period (2.1) 0.0 (19.8) (77.3)
Non-U.S. Plans | Pension Benefits        
Change in benefit obligation        
Benefit obligation at beginning of period 306.4 297.5 326.1  
Service cost 2.7 3.9 6.7 8.9
Interest cost 4.3 7.2 10.3 4.1
Actuarial loss (gain) 15.9 5.5 6.6  
Plan participant contributions 0.1 1.1 1.2  
Benefits paid (2.9) (4.6) (6.8)  
Plan amendments (0.6) 0.0 (0.9)  
Special termination benefits 0.0 0.0 0.5  
Curtailment 0.0 (0.1) 0.0  
Settlements (2.9) (16.8) (23.5)  
Foreign currency impact 3.4 12.7 (20.2)  
Acquired benefit plans and other (0.3) 0.0 0.0  
Benefit obligation at end of period 326.1 306.4 300.0 297.5
Change in plan assets        
Fair value of plan assets at beginning of period 333.3 325.3 348.6  
Actual return on plan assets 15.2 14.5 39.1  
Employer contributions 2.9 1.0 11.3  
Plan participant contributions 0.1 1.1 1.2  
Benefits paid (2.9) (4.6) (6.8)  
Foreign currency impact 2.9 12.8 (21.4)  
Settlements (2.9) (16.8) (23.5)  
Fair value of plan assets at end of period 348.6 333.3 348.5 325.3
Funded status 22.5 26.9 48.5  
Amounts recognized in balance sheets        
Noncurrent assets 70.3   91.5  
Current liabilities 4.3   3.1  
Noncurrent liabilities 43.5   39.9  
Accumulated other comprehensive income (loss):        
Unrecognized net actuarial gain (loss) (6.6)   11.5  
Unrecognized prior service benefit (cost) 0.6   1.4  
Net amount recognized (28.5)   (35.6)  
Change in accumulated other comprehensive income        
Balance at beginning of period 0.0 51.3 (6.0)  
Prior service credit (cost) recognized during the period 0.6 (0.4) 0.9  
Net actuarial gains (losses) recognized during the period (6.5) 1.2 19.1  
Net actuarial gains (losses) occurring during the period 0.0 (2.2) 0.0  
Net actuarial gains (losses) recognized due to settlement 0.1 (2.0) (0.6)  
Foreign currency impact (0.2) 2.2 (0.5)  
Fresh Start Accounting Adjustments (50.1) 0.0  
Balance at end of period $ (6.0) $ 0.0 $ 12.9 $ 51.3
v3.25.0.1
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, 2024
Dec. 31, 2022
Other Benefits        
Components of net periodic benefit cost        
Service cost $ 0.0 $ 0.0 $ 0.0 $ 0.0
Interest cost 0.1 0.2 0.3 0.2
Recognized net actuarial (gain) loss 0.0 (0.3) 0.0 (0.4)
Net periodic benefit cost 0.1 (0.1) 0.3 (0.2)
U.S. Plans | Pension Benefits        
Components of net periodic benefit cost        
Interest cost 7.6 11.9 19.1 17.3
Expected return on plan assets (6.0) (11.0) (18.1) (21.2)
Recognized net actuarial (gain) loss 0.0 0.4 0.0 4.4
Settlement loss (gain) 0.0 0.0 5.0 14.3
Net periodic benefit cost 1.6 1.3 6.0 14.8
Non-U.S. Plans | Pension Benefits        
Components of net periodic benefit cost        
Service cost 2.7 3.9 6.7 8.9
Interest cost 4.3 7.2 10.3 4.1
Expected return on plan assets (5.2) (8.4) (13.4) (14.5)
Amortization of prior service cost 0.0 (0.5) (0.1) (0.4)
Recognized net actuarial (gain) loss 0.0 (2.2) 0.0 (1.6)
Curtailment loss 0.0 (0.1) 0.0 0.0
Settlement loss (gain) 0.1 (2.1) (0.6) (4.1)
Special termination benefits 0.0 0.0 0.5 0.0
Net periodic benefit cost $ 1.9 $ (2.2) $ 3.4 $ (7.6)
v3.25.0.1
BENEFIT PLANS - Schedule of Accumulated Benefit Obligation In Excess of Plan Assets (Details) - Pension Benefits - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
U.S. Plans    
Defined Benefit Plan Disclosure [Line Items]    
Projected benefit obligation $ 296.1 $ 362.3
Accumulated benefit obligation 296.1 362.3
Fair value of plan assets 215.0 301.9
Non-U.S. Plans    
Defined Benefit Plan Disclosure [Line Items]    
Projected benefit obligation 200.2 216.2
Accumulated benefit obligation 186.3 203.6
Fair value of plan assets $ 62.6 $ 63.7
v3.25.0.1
BENEFIT PLANS - Schedule of Assumptions Used (Details)
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Other Benefits      
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]      
Discount rate 6.97% 6.83% 7.28%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]      
Discount rate 6.83% 6.84% 6.97%
U.S. Plans | Pension Benefits      
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]      
Discount rate 5.52% 5.69% 5.73%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]      
Discount rate 5.69% 5.59% 5.52%
Expected long-term return on plan assets 5.25% 5.25% 6.30%
Non-U.S. Plans | Pension Benefits      
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]      
Discount rate 4.87% 4.76% 4.47%
Rate of compensation increase 4.25% 3.88% 4.17%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]      
Discount rate 4.76% 4.92% 4.87%
Expected long-term return on plan assets 3.75% 3.75% 3.60%
Rate of compensation increase 3.91% 3.88% 4.25%
v3.25.0.1
BENEFIT PLANS - Schedule of Health Care Cost Trends (Details)
Dec. 31, 2024
Dec. 31, 2023
Aug. 11, 2023
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract]      
Healthcare cost trend rate assumed for next year 6.60% 5.60% 5.70%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 4.20% 4.20% 4.20%
v3.25.0.1
BENEFIT PLANS - Narrative (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Defined Contribution Plan [Line Items]        
Healthcare cost trend rate assumed for next year 5.60% 5.70% 6.60%  
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 4.20% 4.20% 4.20%  
Expected future employer contributions     $ 35.0  
Expected reimbursement of benefits paid     23.0  
Defined contribution plan, cost $ 2.4 $ 4.0 $ 6.7 $ 7.0
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     $ 14.9  
Reimbursement from CTA     19.1  
Other Benefits        
Defined Contribution Plan [Line Items]        
Employer contributions $ 0.6 $ 0.6 0.6  
Expected future contributions     $ 0.4  
v3.25.0.1
BENEFIT PLANS- Schedule of Allocation of Plan Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2022
Real estate | Office        
Defined Benefit Plan Disclosure [Line Items]        
Actual 16.00% 21.00%    
Real estate | Residential        
Defined Benefit Plan Disclosure [Line Items]        
Actual 28.00% 32.00%    
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 46.00% 38.00%    
Other | Fixed income securities        
Defined Benefit Plan Disclosure [Line Items]        
Actual 55.00% 53.00%    
Other | Corporate bonds        
Defined Benefit Plan Disclosure [Line Items]        
Actual 59.00% 36.00%    
Other | US Treasury and other        
Defined Benefit Plan Disclosure [Line Items]        
Actual 41.00% 64.00%    
Other | Russell 1000 Fund large cap index funds        
Defined Benefit Plan Disclosure [Line Items]        
Actual 19.00% 19.00%    
Other | International funds        
Defined Benefit Plan Disclosure [Line Items]        
Actual 14.00% 16.00%    
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 38.00% 42.00%    
Private equity funds | Special situations private equity and debt funds        
Defined Benefit Plan Disclosure [Line Items]        
Actual 32.00% 31.00%    
Private equity funds | Venture private equity funds        
Defined Benefit Plan Disclosure [Line Items]        
Actual 30.00% 27.00%    
U.S. Plans | Pension Benefits        
Defined Benefit Plan Disclosure [Line Items]        
Target 100.00%      
Actual 100.00% 100.00%    
Fair value of plan assets $ 216.1 $ 301.9 $ 293.3 $ 293.0
U.S. Plans | Pension Benefits | Level 1        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 3.0 3.5    
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 $ 213.1 $ 298.4    
U.S. Plans | Pension Benefits | Equity securities        
Defined Benefit Plan Disclosure [Line Items]        
Target 41.00%      
Actual 40.00% 39.00%    
U.S. Plans | Pension Benefits | Debt securities        
Defined Benefit Plan Disclosure [Line Items]        
Target 50.00%      
Actual 47.00% 51.00%    
U.S. Plans | Pension Benefits | Real estate        
Defined Benefit Plan Disclosure [Line Items]        
Target 4.00%      
Actual 6.00% 5.00%    
Fair value of plan assets $ 12.8 $ 15.2    
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 $ 12.8 $ 15.2    
U.S. Plans | Pension Benefits | Other        
Defined Benefit Plan Disclosure [Line Items]        
Target 5.00%      
Actual 7.00% 5.00%    
U.S. Plans | Pension Benefits | Cash and short-term investments        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets $ 2.0 $ 2.5    
U.S. Plans | Pension Benefits | Cash and short-term investments | Level 1        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 2.0 2.5    
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 1.0 1.0    
U.S. Plans | Pension Benefits | Mutual funds | Level 1        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 1.0 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 | Other        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 184.8 269.6    
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 184.8 269.6    
U.S. Plans | Pension Benefits | Private equity funds        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 15.5 13.6    
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 15.5 13.6    
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    
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 $ 348.5 $ 348.6 $ 333.3 $ 325.3
Non-U.S. Plans | Pension Benefits | Level 1        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 284.6 289.8    
Non-U.S. Plans | Pension Benefits | Level 2        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 11.9 13.1    
Non-U.S. Plans | Pension Benefits | NAV        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets $ 52.0 $ 45.7    
Non-U.S. Plans | Pension Benefits | Equity securities        
Defined Benefit Plan Disclosure [Line Items]        
Target 50.00%      
Actual 50.00% 51.00%    
Non-U.S. Plans | Pension Benefits | Debt securities        
Defined Benefit Plan Disclosure [Line Items]        
Target 29.00%      
Actual 29.00% 29.00%    
Non-U.S. Plans | Pension Benefits | Real estate        
Defined Benefit Plan Disclosure [Line Items]        
Target 7.00%      
Actual 7.00% 8.00%    
Fair value of plan assets $ 25.8 $ 26.3    
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 11.9 13.1    
Non-U.S. Plans | Pension Benefits | Real estate | NAV        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets $ 13.9 $ 13.2    
Non-U.S. Plans | Pension Benefits | Other        
Defined Benefit Plan Disclosure [Line Items]        
Target 14.00%      
Actual 14.00% 12.00%    
Non-U.S. Plans | Pension Benefits | Cash and short-term investments        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets $ 10.6 $ 11.5    
Non-U.S. Plans | Pension Benefits | Cash and short-term investments | Level 1        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 9.8 10.7    
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 0.8 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 173.7 178.7    
Non-U.S. Plans | Pension Benefits | International developed markets | Level 1        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 173.7 178.7    
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 54.1 56.3    
Non-U.S. Plans | Pension Benefits | International corporate bonds | Level 1        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 54.1 56.3    
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 46.8 43.9    
Non-U.S. Plans | Pension Benefits | Fixed and index funds | Level 1        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 46.8 43.9    
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 0.0 0.0    
Non-U.S. Plans | Pension Benefits | Other        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 12.5 18.8    
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 12.5 18.8    
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 25.0 13.1    
Non-U.S. Plans | Pension Benefits | Other alternative investments | Level 1        
Defined Benefit Plan Disclosure [Line Items]        
Fair value of plan assets 0.2 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 $ 24.8 $ 12.9    
v3.25.0.1
BENEFIT PLANS - Schedule of Amounts Expected To Be Recognized in Other Comprehensive Income (Loss) (Details)
$ in Millions
Dec. 31, 2024
USD ($)
Other Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Amount of net prior service credit $ 0.0
Amount of net loss (gain) 0.0
U.S. Plans | Pension Plan  
Defined Benefit Plan Disclosure [Line Items]  
Amount of net prior service credit 0.0
Amount of net loss (gain) 0.0
Non-U.S. Plans | Pension Plan  
Defined Benefit Plan Disclosure [Line Items]  
Amount of net prior service credit (0.1)
Amount of net loss (gain) $ (3.5)
v3.25.0.1
BENEFIT PLANS - Schedule of Future Benefit Payments (Details)
$ in Millions
Dec. 31, 2024
USD ($)
Other Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Amount of net loss (gain) $ 0.0
Defined Benefit Plan, Expected Amortization, Next Fiscal Year [Abstract]  
2025, gross 0.4
2026, gross 0.4
2027, gross 0.4
2028, gross 0.4
2029, gross 0.3
2029-2033, gross 1.4
2025, net 0.4
2026, net 0.4
2027, net 0.4
2028, net 0.3
2029, net 0.3
2029-2033, net 1.3
U.S. Plans | Pension Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Amount of net loss (gain) 0.0
Defined Benefit Plan, Expected Amortization, Next Fiscal Year [Abstract]  
2025 23.0
2026 23.3
2027 23.6
2028 23.7
2029 23.6
2029-2033 115.5
Non-U.S. Plans | Pension Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Amount of net loss (gain) (3.5)
Defined Benefit Plan, Expected Amortization, Next Fiscal Year [Abstract]  
2025 34.9
2026 23.5
2027 21.3
2028 21.5
2029 20.7
2029-2033 $ 89.5
v3.25.0.1
LEASES - Narrative (Details) - renewal_option
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Lessee, Lease, Description [Line Items]    
Number of renewal options 1  
Finance lease, right-of-use assets, location Other assets Other assets
Finance lease, liability, current, location Other current liabilities Other current liabilities
Finance lease, liability, noncurrent, location Long-Term Debt and Lease Obligation Long-Term Debt and Lease Obligation
Minimum    
Lessee, Lease, Description [Line Items]    
Operating lease, term 1 year  
Finance lease term 1 year  
Finance lease, renewal term 6 months  
Operating lease, renewal term 6 months  
Maximum    
Lessee, Lease, Description [Line Items]    
Operating lease, term 15 years  
Finance lease term 15 years  
Finance lease, renewal term 15 years  
Operating lease, renewal term 15 years  
v3.25.0.1
LEASES - Schedule of Weighted-Average Remaining Lease Terms and Discount Rates (Details)
Dec. 31, 2024
Dec. 31, 2023
Weighted-average remaining lease terms (in years)    
Operating leases 2 years 9 months 18 days 4 years 9 months 18 days
Finance leases 5 years 1 month 6 days 2 years 6 months
Weighted-average discount rate    
Operating leases 6.30% 8.30%
Finance leases 7.70% 6.60%
v3.25.0.1
LEASES - Schedule of Components of Lease Expense (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Lease expense        
Operating lease expense $ 25.3 $ 41.9 $ 64.6 $ 75.7
Finance lease expense        
Amortization of ROU lease assets 1.9 2.4 6.8 4.1
Interest on lease liabilities 0.2 0.5 1.6 0.7
Variable lease expense $ 4.1 $ 5.2 $ 11.9 $ 10.1
v3.25.0.1
LEASES - Schedule of Lease Maturities (Details)
$ in Millions
Dec. 31, 2024
USD ($)
Operating  
2025 $ 51.2
2026 35.6
2027 21.9
2028 10.9
2029 5.3
Thereafter 15.3
Total 140.2
Less: Present value discount (20.6)
Lease liability 119.6
Finance  
2025 6.1
2026 4.1
2027 3.1
2028 2.1
2029 1.6
Thereafter 11.7
Total 28.7
Less: Present value discount (8.4)
Lease liability $ 20.3
v3.25.0.1
LEASES - Schedule of Supplemental Cash Flow Information Related to Leases (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:        
Operating - operating cash flows $ 30.1 $ 43.3 $ 70.5 $ 76.2
Finance - financing cash flows 2.2 2.5 6.2 4.3
Finance - operating cash flows 0.2 0.5 1.6 0.7
ROU lease assets obtained in the exchange for lease liabilities:        
Operating leases 6.7 19.2 59.5 28.1
Finance leases $ 0.6 $ 0.6 $ 5.3 $ 7.4
v3.25.0.1
LEASES - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Operating $ 118.1 $ 98.7
Finance 19.7 6.9
Total leased assets 137.8 105.6
Current liabilities    
Operating lease liabilities 43.3 39.6
Finance 4.5 3.7
Noncurrent liabilities    
Operating 76.3 65.1
Finance 15.8 3.6
Total lease liabilities $ 139.9 $ 112.0
v3.25.0.1
FINANCE LEASE RECEIVABLES - Schedule of Future Minimum Payments Due From Customers Under Finance Lease Receivables (Details)
$ in Millions
Dec. 31, 2024
USD ($)
Leases [Abstract]  
2025 $ 6.7
2026 3.7
2027 2.4
2028 2.0
2029 1.9
Thereafter 1.7
Total $ 18.4
v3.25.0.1
FINANCE LEASE RECEIVABLES - Schedule of Components of Financing Receivables (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]    
Gross minimum lease receivable $ 18.4 $ 24.4
Allowance for credit losses (0.1) (0.2)
Lease receivable 18.3 24.2
Unearned interest income (0.7) (0.9)
Unearned interest income and unearned residuals (0.7) (0.9)
Total $ 17.6 $ 23.3
v3.25.0.1
FINANCE LEASE RECEIVABLES - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Financing Receivable, Allowance for Credit Losses [Line Items]    
Past due period of financing receivable accruing interest 90 days 90 days
Finance leases    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Financing receivable, individually evaluated for impairment $ 17.8 $ 23.5
Notes receivable    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Financing receivable, individually evaluated for impairment $ 0.4 $ 0.5
v3.25.0.1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Gain (Loss) Recognized on Derivative Instruments (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Gain (loss) recognized on non-designated derivative instruments:        
Gain (loss) recognized on derivative instruments $ (0.4) $ (0.5) $ (0.1) $ (5.0)
Interest rate swaps and non-designated hedges        
Gain (loss) recognized on non-designated derivative instruments:        
Gain (loss) recognized on derivative instruments 0.0 (0.5) 0.2 (4.4)
Foreign exchange forward contracts and cash flow hedges | Net sales        
Gain (loss) recognized on non-designated derivative instruments:        
Gain (loss) recognized on derivative instruments 0.0 0.0 0.0 (0.1)
Foreign exchange forward contracts and cash flow hedges | Cost of sales        
Gain (loss) recognized on non-designated derivative instruments:        
Gain (loss) recognized on derivative instruments 0.0 0.0 0.0 (0.5)
Foreign exchange forward contracts and cash flow hedges | Foreign exchange gain (loss), net        
Gain (loss) recognized on non-designated derivative instruments:        
Gain (loss) recognized on derivative instruments $ (0.4) $ 0.0 $ (0.3) $ 0.0
v3.25.0.1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Narrative (Details)
 12 Months Ended
Dec. 31, 2024
Foreign exchange forward contracts and cash flow hedges  
Derivative [Line Items]  
Derivative, maturity term 24 months
v3.25.0.1
FAIR VALUE OF ASSETS AND LIABILITIES - Schedule of Assets and Liabilities Recorded at Fair Market Value (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Liabilities    
Derivative liability, location Other current liabilities Other current liabilities
Fair Value, Measurements, Recurring    
Assets    
Total $ 20.0 $ 16.3
Liabilities    
Deferred compensation 3.1 2.9
Total 3.1 3.3
Fair Value, Measurements, Recurring | Level 1    
Assets    
Total 20.0 16.3
Liabilities    
Deferred compensation 0.0 2.9
Total 0.0 2.9
Fair Value, Measurements, Recurring | Level 2    
Assets    
Total 0.0 0.0
Liabilities    
Deferred compensation 3.1 0.0
Total 3.1 0.4
Foreign Currency Hedges | Fair Value, Measurements, Recurring    
Liabilities    
Foreign exchange forward contracts 0.0 0.4
Foreign Currency Hedges | Fair Value, Measurements, Recurring | Level 1    
Liabilities    
Foreign exchange forward contracts 0.0 0.0
Foreign Currency Hedges | Fair Value, Measurements, Recurring | Level 2    
Liabilities    
Foreign exchange forward contracts 0.0 0.4
Certificates of deposit | Fair Value, Measurements, Recurring    
Assets    
Certificates of deposit 16.9 13.4
Certificates of deposit | Fair Value, Measurements, Recurring | Level 1    
Assets    
Certificates of deposit 16.9 13.4
Certificates of deposit | Fair Value, Measurements, Recurring | Level 2    
Assets    
Certificates of deposit 0.0 0.0
Assets held in rabbi trusts    
Assets    
Certificates of deposit 3.1 2.9
Assets held in rabbi trusts | Fair Value, Measurements, Recurring    
Assets    
Assets held in rabbi trusts 3.1 2.9
Assets held in rabbi trusts | Fair Value, Measurements, Recurring | Level 1    
Assets    
Assets held in rabbi trusts 3.1 2.9
Assets held in rabbi trusts | Fair Value, Measurements, Recurring | Level 2    
Assets    
Assets held in rabbi trusts $ 0.0 $ 0.0
v3.25.0.1
FAIR VALUE OF ASSETS AND LIABILITIES - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Fair Value Disclosures [Abstract]    
Long-term debt, carrying value $ 966.0 $ 1,253.9
Long-term debt, fair value $ 987.4 $ 1,285.5
v3.25.0.1
COMMITMENTS AND CONTINGENCIES - Narrative (Details)
shares in Millions, $ in Millions
Dec. 31, 2019
€ / shares
shares
Feb. 17, 2017
€ / shares
shares
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Loss Contingencies [Line Items]        
Shares repurchased of redeemable noncontrolling interest (in shares) | shares 1.4      
Guarantor obligations, maximum exposure, undiscounted     $ 90.4 $ 117.1
Liability associated with standby letters of credit     0.0 0.0
Financial Standby Letter of Credit        
Loss Contingencies [Line Items]        
Guarantor obligations, maximum exposure, undiscounted     21.9 $ 23.0
Domination and Profit and Loss Transfer Agreement | Diebold Nixdorf AG        
Loss Contingencies [Line Items]        
Business acquisition, share price (in dollars per share) | € / shares € 54.80 € 55.02    
Shares repurchased of redeemable noncontrolling interest (in shares) | shares   6.9    
Recurring cash compensation per share net of tax (in dollars per share) | € / shares   € 2.82    
Indirect Tax Liability        
Loss Contingencies [Line Items]        
Range of possible loss, portion not accrued     $ 56.1  
v3.25.0.1
COMMITMENTS AND CONTINGENCIES - Schedule of Cash and Cash Equivalents (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2022
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]          
Cash and cash equivalents $ 296.2 $ 550.2 $ 395.8 $ 307.4  
Professional fee escrow 0.2 0.2      
Bank collateral guarantees 8.0 32.5      
Pension collateral guarantees 6.9 9.4      
Restricted cash and cash equivalents 15.1 42.1      
Total cash, cash equivalents, and restricted cash $ 311.3 $ 592.3 $ 456.6 $ 319.1 $ 388.9
v3.25.0.1
REVENUE RECOGNITION - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
segment
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Deferred Revenue Arrangement [Line Items]      
Number of main customer segments | segment 2    
Unrecognized deferred revenue $ 320.7 $ 376.2 $ 453.2
Deferred revenue, revenue recognized 285.7    
Revenue, remaining performance obligation, amount $ 1,400.0    
Minimum      
Deferred Revenue Arrangement [Line Items]      
Revenue, remaining performance obligation, period for recognition 12 months    
Maximum      
Deferred Revenue Arrangement [Line Items]      
Revenue, remaining performance obligation, period for recognition 18 months    
v3.25.0.1
REVENUE RECOGNITION - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Deferred Revenue Arrangement [Line Items]        
Net sales, percentage 100.00% 100.00% 100.00%  
Trade Receivables $ 721.8   $ 588.5 $ 612.2
Contract liabilities $ 376.2   $ 320.7 $ 453.2
Products transferred at a point in time        
Deferred Revenue Arrangement [Line Items]        
Net sales, percentage 47.00% 39.00% 43.00%  
Products and services transferred over time        
Deferred Revenue Arrangement [Line Items]        
Net sales, percentage 53.00% 61.00% 57.00%  
v3.25.0.1
CLOUD IMPLEMENTATION - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2021
Research and Development [Abstract]        
Capitalized cloud implementation costs   $ 18.7 $ 18.5 $ 50.7
Impairment of cloud implementation costs $ 38.4      
Impairment of cloud implementation costs, location Impairment of assets      
v3.25.0.1
CLOUD IMPLEMENTATION - Schedule of Amortization of Cloud Implementation Fees (Details) - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 11, 2023
Dec. 31, 2024
Dec. 31, 2022
Research and Development [Abstract]        
Amortization of cloud implementation fees $ 2.9 $ 2.0 $ 4.0 $ 2.5
v3.25.0.1
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, 2024
Dec. 31, 2022
Summary of Segment Information        
Total Revenue $ 1,628.6 $ 2,131.9 $ 3,751.1 $ 3,460.7
Total cost of sales 1,275.6 1,611.9 2,831.1 2,703.4
Gross profit 353.0 520.0 920.0 757.3
Operating expense 260.6 525.5 737.9 969.0
Impairment of assets (1.2) (3.3) (1.9) (111.8)
Restructuring and transformation expenses (22.6) (38.9) (106.1) (124.2)
Operating profit (loss) 92.4 (5.5) 182.1 (211.7)
Other income (expense) (96.9) 1,458.3 (134.8) (226.9)
Income (loss) before taxes (4.5) 1,452.8 47.3 (438.6)
Disposal, not discontinued operations        
Summary of Segment Information        
Total Revenue 1.7 10.9 0.0 20.1
Operating Segments        
Summary of Segment Information        
Total cost of sales 1,205.7 1,611.9 2,802.8 2,621.3
Gross profit 422.9 520.0 948.3 819.3
Operating expense 209.0 222.2 375.7 374.5
Operating profit (loss) 213.9 297.8 572.6 444.8
Corporate        
Summary of Segment Information        
Operating profit (loss) (86.3) (159.8) (265.4) (247.3)
Segment Reconciling Items        
Summary of Segment Information        
Amortization of fair value assets 0.0 (41.8) 0.0 (69.6)
Restructuring and transformation expenses (23.1) (38.4) (106.1) (124.2)
Refinancing related costs (5.1) (44.7) (15.8) (32.0)
Net non-routine expense (4.8) (7.4) (1.3) (42.6)
Segment Reconciling Items | Disposal, not discontinued operations        
Summary of Segment Information        
Operating profit (loss) (1.0) (7.9) 0.0 (29.0)
Corporate and Reconciling Items        
Summary of Segment Information        
Operating profit (loss) (121.5) (303.3) (390.5) (656.5)
Banking | Operating Segments        
Summary of Segment Information        
Total Revenue 1,157.6 1,511.0 2,762.8 2,422.4
Total cost of sales 858.5 1,149.5 2,058.3 1,849.4
Gross profit 299.1 361.5 704.5 573.0
Operating expense 143.8 149.9 253.8 262.2
Restructuring and transformation expenses     (20.0)  
Operating profit (loss) 155.3 211.6 450.7 310.8
Retail | Operating Segments        
Summary of Segment Information        
Total cost of sales 347.2 462.4 744.5 771.9
Gross profit 123.8 158.5 243.8 246.3
Operating expense 65.2 72.3 121.9 112.3
Restructuring and transformation expenses     (7.8)  
Operating profit (loss) 58.6 86.2 121.9 134.0
Retail | Operating Segments | Disposal, not discontinued operations        
Summary of Segment Information        
Total Revenue 1.7 10.9 0.0 20.1
Retail | Operating Segments | Continuing operations        
Summary of Segment Information        
Total Revenue $ 469.3 $ 610.0 $ 988.3 $ 1,018.2
v3.25.0.1
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, 2024
Dec. 31, 2022
Segment Reporting Information [Line Items]        
Total Revenue $ 1,628.6 $ 2,131.9 $ 3,751.1 $ 3,460.7
Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Total Revenue 1.7 10.9 0.0 20.1
Services        
Segment Reporting Information [Line Items]        
Total Revenue 858.4 1,295.0 2,150.4 2,098.9
Services | Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Total Revenue 1.1 5.5 0.0 9.9
Products        
Segment Reporting Information [Line Items]        
Total Revenue 770.2 836.9 1,600.7 1,361.8
Products | Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Total Revenue 0.6 5.4 0.0 10.2
Banking | Operating Segments        
Segment Reporting Information [Line Items]        
Total Revenue 1,157.6 1,511.0 2,762.8 2,422.4
Banking | Services | Operating Segments        
Segment Reporting Information [Line Items]        
Total Revenue 626.9 954.3 1,587.4 1,548.1
Banking | Products | Operating Segments        
Segment Reporting Information [Line Items]        
Total Revenue 530.7 556.7 1,175.4 874.3
Retail | Operating Segments | Continuing operations        
Segment Reporting Information [Line Items]        
Total Revenue 469.3 610.0 988.3 1,018.2
Retail | Operating Segments | Disposal, not discontinued operations        
Segment Reporting Information [Line Items]        
Total Revenue 1.7 10.9 0.0 20.1
Retail | Services | Operating Segments | Continuing operations        
Segment Reporting Information [Line Items]        
Total Revenue 230.4 335.2 563.0 540.9
Retail | Products | Operating Segments | Continuing operations        
Segment Reporting Information [Line Items]        
Total Revenue $ 238.9 $ 274.8 $ 425.3 $ 477.3
v3.25.0.1
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, 2024
Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue $ 1,628.6 $ 2,131.9 $ 3,751.1 $ 3,460.7
Property, plant and equipment, net 159.0   128.1  
Right-of-use operating lease assets 98.7   118.1  
Americas        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 694.1 964.8 1,652.3 1,461.4
United States        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 404.1 583.9 945.4 861.4
Property, plant and equipment, net 29.7   25.1  
Right-of-use operating lease assets 30.9   46.8  
Other Americas        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 290.0 380.9 706.9 600.0
EMEA        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 801.4 998.1 1,813.4 1,696.0
Germany        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 248.2 283.9 577.2 522.8
Property, plant and equipment, net 86.5   71.4  
Right-of-use operating lease assets 10.1   6.8  
Other EMEA        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 553.2 714.2 1,236.2 1,173.2
APAC        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Total Revenue 133.1 $ 169.0 285.4 $ 303.3
Other international        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Property, plant and equipment, net 42.8   31.6  
Right-of-use operating lease assets $ 57.7   $ 64.5