DIEBOLD NIXDORF, INC, 10-Q filed on 8/6/2025
Quarterly Report
v3.25.2
Cover - shares
6 Months Ended
Jun. 30, 2025
Jul. 31, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2025  
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, $0.01 par value per share  
Trading Symbol DBD  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Bankruptcy Proceedings, Reporting Current true  
Entity Common Stock, Shares Outstanding   36,633,544
Entity Central Index Key 0000028823  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.25.2
STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 279.2 $ 296.2
Restricted cash 16.0 15.1
Short-term investments 15.2 16.9
Trade receivables, net of allowances of $10.4 and $10.9, respectively 599.4 588.5
Inventories (Note 4) 574.0 528.1
Prepaid expenses 38.9 45.8
Current assets held for sale 6.0 9.6
Other current assets 207.8 167.7
Total current assets 1,736.5 1,667.9
Property, plant and equipment, net (Note 5) 266.8 246.2
Deferred income taxes 69.4 69.5
Goodwill (Note 6) 641.2 586.4
Customer relationships and other intangible assets, net (Note 6) 815.7 778.6
Other assets 210.3 194.9
Total assets 3,739.9 3,543.5
LIABILITIES    
Accounts payable 431.3 460.2
Deferred revenue 346.7 320.7
Payroll and other benefits liabilities 164.6 173.2
Other current liabilities 331.1 312.2
Total current liabilities 1,273.7 1,266.3
Long-term debt (Note 9) 931.1 927.3
Pensions, post-retirement and other benefits 127.7 124.4
Deferred income taxes 185.3 176.8
Other liabilities 117.1 110.5
Total liabilities 2,634.9 2,605.3
EQUITY    
Common stock (Note 10) 0.4 0.4
Paid-in-capital 1,054.7 1,048.4
Retained earnings (deficit) 2.8 (1.1)
Treasury shares, at cost (Note 10) (39.7) 0.0
Accumulated other comprehensive income (loss) (Note 10) 79.0 (117.9)
Total Diebold Nixdorf shareholders' equity 1,097.2 929.8
Noncontrolling interests 7.8 8.4
Total equity 1,105.0 938.2
Total liabilities and equity $ 3,739.9 $ 3,543.5
v3.25.2
STATEMENT OF FINANCIAL POSITION (UNAUDITED) (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Allowance for doubtful accounts $ 10.4 $ 10.9
v3.25.2
STATEMENT OF EARNINGS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales        
Total revenues (Note 13) $ 915.2 $ 939.7 $ 1,756.3 $ 1,835.1
Cost of sales        
Total cost of sales 681.2 696.5 1,319.9 1,383.3
Gross profit 234.0 243.2 436.4 451.8
Selling and administrative expense 154.2 152.2 306.0 313.8
Research, development and engineering expense 22.4 22.1 45.1 46.3
Other operating income (loss) 1.2 (1.8) (0.5) (2.8)
Total costs and expenses 177.8 172.5 350.6 357.3
Operating profit 56.2 70.7 85.8 94.5
Other income (expense)        
Interest income 2.5 3.0 4.0 7.2
Interest expense (21.8) (38.6) (43.3) (82.2)
Foreign exchange gain (loss), net (22.2) 7.6 (40.7) 8.0
Miscellaneous gain, net 2.5 2.6 4.0 3.6
Income before taxes 17.2 45.3 9.8 31.1
Income tax expense (Note 3) 4.8 32.0 2.6 28.9
Equity in earnings (loss) of unconsolidated subsidiaries, net 0.3 1.5 (1.9) (1.4)
Net income 12.7 14.8 5.3 0.8
Net income (loss) attributable to noncontrolling interests 0.5 (0.1) 1.4 0.5
Net income attributable to Diebold Nixdorf $ 12.2 $ 14.9 $ 3.9 $ 0.3
Basic weighted-average shares outstanding (in shares) 37.2 37.6 37.4 37.6
Diluted weighted-average shares outstanding (in shares) 37.5 37.7 37.7 37.6
Net income attributable to Diebold Nixdorf        
Basic earnings per share (in dollars per share) $ 0.33 $ 0.40 $ 0.10 $ 0.01
Diluted earnings per share (in dollars per share) $ 0.33 $ 0.40 $ 0.10 $ 0.01
Services        
Net sales        
Total revenues (Note 13) $ 542.6 $ 540.7 $ 1,051.1 $ 1,065.5
Cost of sales        
Total cost of sales 412.0 398.0 803.3 806.7
Products        
Net sales        
Total revenues (Note 13) 372.6 399.0 705.2 769.6
Cost of sales        
Total cost of sales $ 269.2 $ 298.5 $ 516.6 $ 576.6
v3.25.2
STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net income $ 12.7 $ 14.8 $ 5.3 $ 0.8
Other comprehensive income (loss), net of tax        
Translation adjustment 128.9 (35.4) 198.6 (78.4)
Pension and other post-retirement benefits net actuarial gain (loss) amortized, tax of $(1.3), $—, $(1.6) and $(2.1), respectively (0.8) 1.9 (1.4) 6.9
Other 0.0 0.0 (0.3) 0.0
Other comprehensive income (loss), net of tax 128.1 (34.1) 196.9 (72.1)
Comprehensive income (loss) 140.8 (19.3) 202.2 (71.3)
Less: Comprehensive income (loss) attributable to noncontrolling interests 0.8 (0.3) 1.4 0.3
Comprehensive income (loss) attributable to Diebold Nixdorf 140.0 (19.0) 200.8 (71.6)
Foreign currency hedges        
Other comprehensive income (loss), net of tax        
Hedges, net of tax 0.0 (0.3) 0.0 (0.3)
Interest rate hedges        
Other comprehensive income (loss), net of tax        
Hedges, net of tax $ 0.0 $ (0.3) $ 0.0 $ (0.3)
v3.25.2
STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (Parenthetical) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net actuarial gain (loss) amortized, tax $ (1.3) $ 0.0 $ (1.6) $ (2.1)
Foreign currency hedges        
Hedges, tax 0.0 (0.3) 0.0 (0.3)
Interest rate hedges        
Hedges, tax $ 0.0 $ 0.0 $ 0.0 $ 0.0
v3.25.2
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Diebold Nixdorf Shareholders' equity
Common stock
Accumulated other comprehensive income (loss)
Paid-in-capital
Retained earnings
Treasury shares
Noncontrolling interests
Beginning balance at Dec. 31, 2023     $ 0.4 $ 7.6 $ 1,038.7 $ 17.1 $ 0.0 $ 15.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income $ 0.8         0.3   0.5
Other comprehensive income (loss) (72.1)     (71.9)       (0.2)
Share-based compensation         4.5      
Distributions to non-controlling interest holders, net               (3.4)
Ending balance at Jun. 30, 2024 1,009.0 $ 996.7 0.4 (64.3) 1,043.2 17.4 0.0 12.3
Beginning balance at Mar. 31, 2024     0.4 (30.4) 1,040.6 2.5 0.0 12.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 14.8         14.9   (0.1)
Other comprehensive income (loss) (34.1)     (33.9)       (0.2)
Share-based compensation         2.6      
Ending balance at Jun. 30, 2024 1,009.0 996.7 0.4 (64.3) 1,043.2 17.4 0.0 12.3
Beginning balance at Dec. 31, 2024 938.2   0.4 (117.9) 1,048.4 (1.1) 0.0 8.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 5.3         3.9   1.4
Other comprehensive income (loss) 196.9     196.9        
Share-based compensation         6.3      
Purchases             (39.7)  
Distributions to non-controlling interest holders, net               (2.0)
Ending balance at Jun. 30, 2025 1,105.0 1,097.2 0.4 79.0 1,054.7 2.8 (39.7) 7.8
Beginning balance at Mar. 31, 2025     0.4 (48.8) 1,051.4 (9.4) (9.6) 7.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 12.7         12.2   0.5
Other comprehensive income (loss) 128.1     127.8       0.3
Share-based compensation         3.3      
Purchases             (30.1)  
Ending balance at Jun. 30, 2025 $ 1,105.0 $ 1,097.2 $ 0.4 $ 79.0 $ 1,054.7 $ 2.8 $ (39.7) $ 7.8
v3.25.2
STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]    
Net income $ 5.3 $ 0.8
Adjustments to reconcile net income to cash flow provided (used) by operating activities:    
Depreciation and amortization 65.1 63.5
Amortization of deferred financing costs into interest expense 3.1 0.8
Share-based compensation 6.3 4.5
Debt prepayment costs - Exit Facility 0.0 2.0
Deferred income taxes (8.8) 7.9
Loss (gain) on foreign currency translation 41.3 (10.5)
Other 0.1 (1.0)
Changes in certain assets and liabilities:    
Trade receivables 33.4 51.6
Inventories 5.0 (66.3)
Accounts payable (66.7) (24.8)
Deferred revenue 1.6 (6.5)
Sales tax and net value added tax (3.3) (35.1)
Income taxes (17.1) (14.2)
Accrued salaries, wages and commissions (20.5) 0.2
Restructuring accrual (Note 8) 3.7 6.4
Certain other assets and liabilities, net (2.7) (10.8)
Net cash provided (used) by operating activities 45.8 (31.5)
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]    
Capital expenditures (15.9) (8.4)
Capitalized software development (11.1) (12.6)
Proceeds from maturities of investments 144.5 158.7
Payments for purchases of investments (152.1) (154.7)
Change in certain other assets 1.8 1.2
Net cash used by investing activities (32.8) (15.8)
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]    
Dividends paid to noncontrolling interest shareholder (2.0) 0.0
Debt prepayment costs 0.0 (2.0)
Debt issuance costs 0.0 (4.6)
Treasury share activity (39.7) 0.0
Other (2.4) (2.6)
Net cash used by financing activities (44.1) (169.9)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 15.0 (15.0)
Change in cash, cash equivalents and restricted cash (16.1) (232.2)
Cash, cash equivalents and restricted cash at the beginning of the period 311.3 592.3
Cash, cash equivalents and restricted cash at the end of the period 295.2 360.1
Supplemental Cash Flow Information [Abstract]    
Cash paid for: Income taxes 27.4 32.6
Cash paid for: Interest 21.7 76.4
2027 Revolving Facility    
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]    
Borrowings - revolving credit facility 0.0 200.0
Repayments of credit facilities 0.0 (160.7)
Exit Facility    
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]    
Repayments of credit facilities $ 0.0 $ (200.0)
v3.25.2
Basis of Presentation
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation Basis of Presentation. The accompanying unaudited condensed consolidated financial statements of Diebold Nixdorf, Incorporated and its subsidiaries (collectively, the Company) have been prepared in accordance with the instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States (U.S. GAAP); however, such information reflects all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. The Company has reclassified the presentation of certain prior-year information to conform to the current presentation. The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. In addition, some of the Company’s statements in this Quarterly Report on Form 10-Q may involve risks and uncertainties that could significantly impact expected future results. The results for interim periods are not necessarily indicative of results for the entire year.
v3.25.2
Earnings Per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share. The following table represents amounts used in computing earnings per share and the effect on the weighted-average number of shares of potential dilutive common stock:
Three months ended June 30,Six months ended June 30,
2025202420252024
Earnings used in basic and diluted earnings per share
Net income$12.7 $14.8 $5.3 $0.8 
Net income (loss) attributable to noncontrolling interests0.5 (0.1)1.4 0.5 
Net income attributable to Diebold Nixdorf$12.2 $14.9 $3.9 $0.3 
Weighted-average common shares in basic loss per share37.2 37.6 37.4 37.6 
Effect of dilutive shares0.3 0.1 0.3 — 
Weighted-average number of shares used in diluted earnings per share 37.5 37.7 37.7 37.6 
Net income attributable to Diebold Nixdorf
Basic earnings per share$0.33 $0.40 $0.10 $0.01 
Diluted earnings per share$0.33 $0.40 $0.10 $0.01 
Anti-dilutive shares
Anti-dilutive shares not used in calculating diluted weighted-average shares0.1 1.0 0.2 1.2 
v3.25.2
Income Taxes
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes.
Three months ended June 30,Six months ended June 30,
2025202420252024
Income tax expense
$4.8 $32.0 $2.6 $28.9 
Effective tax rate27.9 %70.6 %26.5 %92.9 %
The effective tax rate on the income from continuing operations was 27.9% and 26.5% for the three and six months ended June 30, 2025, respectively. The effective tax rate on the income from continuing operations was 70.6% and 92.9% for the three and six months ended June 30, 2024, respectively. For all periods noted, the effective tax rate differed compared to the U.S. federal statutory rate due to expected jurisdictional mix of earnings, U.S. tax on foreign income and other expected permanent tax differences relative to pretax earnings. Additionally, for the three months ended June 30, 2025, the Company recorded a net discrete tax benefit. The Company is in the process of analyzing the long-term tax impact of the legislation commonly referred to as the One Big Beautiful Bill Act, which was enacted on July 4, 2025.
v3.25.2
Inventories
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Inventories Inventories. Major classes of inventories are summarized as follows:
June 30, 2025December 31, 2024
Raw materials and work in process$184.6 $170.3 
Finished goods196.5 183.9 
Total product inventories381.1 354.2 
Service parts192.9 173.9 
Total inventories$574.0 $528.1 
v3.25.2
Property, Plant and Equipment and Operating Leases
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment and Operating Leases Property, Plant and Equipment and Operating Leases.
June 30, 2025December 31, 2024
Original cost$198.3 $169.9 
Less accumulated depreciation(60.7)(41.8)
Right-of-use operating lease assets129.2 118.1 
Property, plant and equipment, net$266.8 $246.2 

Depreciation expense. Depreciation expense was $9.2 and $5.2 for the three months ended June 30, 2025 and 2024, respectively, and $17.6 and $13.0 for the six months ended June 30, 2025 and 2024, respectively.

Operating lease liabilities. Our current operating lease liabilities, included in Other current liabilities in our Statement of Financial Position, were $48.7 and $43.3 as of June 30, 2025 and December 31, 2024, respectively. Our non-current operating lease liabilities, included in Other liabilities in our Statement of Financial Position, were $83.2 and $76.3 as of June 30, 2025 and December 31, 2024, respectively.
v3.25.2
Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets. Goodwill and intangibles are tested for impairment annually during the fourth quarter or earlier if a triggering event is identified. The changes in the carrying amount of goodwill for the six months ended June 30, 2025:
BankingRetailTotal
Goodwill, balance at January 1, 2025$448.4 $138.0 $586.4 
Currency translation adjustment41.6 13.2 54.8 
Goodwill, balance at June 30, 2025
490.0 151.2 641.2 

The following summarizes information on Intangible assets by major category:
June 30, 2025December 31, 2024
Weighted-average remaining useful livesGross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships15.6 years$578.0 $(62.4)$515.6 $523.8 $(41.1)$482.7 
Trademarks and trade names16.6 years123.1 (12.5)110.6 114.5 (8.5)106.0 
Capitalized software development2.4 years35.5 (12.0)23.5 46.9 (6.1)40.8 
Technology know-how and development costs non-software4.3 years200.5 (61.2)139.3 186.2 (41.3)144.9 
Other intangibles
< 1.0 year
67.2 (40.5)26.7 38.3 (34.1)4.2 
Customer relationships and other intangible assets, net$1,004.3 $(188.6)$815.7 $909.7 $(131.1)$778.6 
The Company's total amortization expense, excluding that related to deferred financing costs, was $22.2 and $25.1 for the three months ended June 30, 2025 and 2024, respectively. The Company's total amortization expense, excluding that related to deferred financing costs, was $47.6 and $51.5 for the six months ended June 30, 2025 and 2024, respectively. Gross carrying amounts primarily increased by $83.3 for currency translation.
v3.25.2
Product Warranties
6 Months Ended
Jun. 30, 2025
Guarantees and Product Warranties [Abstract]  
Product Warranties Product Warranties. The Company provides its customers a standard manufacturer’s warranty and records, at the time of the sale, a corresponding estimated liability for potential warranty costs. Estimated future obligations due to warranty claims are based upon historical factors such as labor rates, average repair time, travel time, number of service calls per machine and cost of replacement parts. Changes in the Company’s warranty liability balance are illustrated in the following table:
20252024
Beginning balance as of January 1$22.5 $28.0 
Current period accruals5.8 19.6 
Current period settlements(8.6)(22.5)
Currency translation adjustment1.9 (1.7)
Ending balance as of June 30
$21.6 $23.4 
v3.25.2
Restructuring
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring. During the fourth quarter of 2023, the Company introduced its continuous improvement initiative, which 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 expense expected to be incurred in relation to the continuous improvement initiative is approximately $165, which includes $41 and $28 related to our Banking and Retail segments, respectively. As of June 30, 2025, the cumulative amount incurred in relation to the continuous improvement initiative was $142.4. The most significant expense for the six months ended June 30, 2025 primarily relate to transitioning personnel and consultant fees in relation to the improvement process. Total restructuring charges for the three months ended June 30, 2025 for the Banking and Retail segments were $5.2 and $3.4, respectively. Total restructuring charges for the six months ended June 30, 2025 for the Banking and Retail segments were $8.6 and $10.5, respectively. The following tables summarizes the impact of the Company’s restructuring charges on the Consolidated Statements of Earnings:
Three months ended June 30,Six months ended June 30,
 2025202420252024
Cost of sales – services$7.8 $(0.3)$18.3 $16.0 
Cost of sales – products0.9 1.1 1.2 1.8 
Selling and administrative expense6.3 10.3 13.1 27.0 
Research, development and engineering expense0.2 (0.5)2.6 2.5 
Other operating income1.1 — 1.1 — 
Total$16.3 $10.6 $36.3 $47.3 

The following table summarizes the Company’s severance accrual balance and related activity:
20252024
Beginning balance as of January 1$15.9 $10.3 
Severance accrual30.6 22.8 
Payout/Settlement(26.9)(16.4)
Other0.6 (0.3)
Ending balance as of June 30$20.2 $16.4 
v3.25.2
Debt
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Debt Debt. Outstanding debt balances were as follows:
June 30, 2025December 31, 2024
2030 Senior Secured Notes$950.0 $950.0 
Other16.5 15.8 
Long-term debt$966.5 $965.8 
Long-term deferred financing fees(35.4)(38.5)
Total outstanding debt$931.1 $927.3 

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 due 2030 to qualified institutional buyers in a private placement exempt from the registration requirements of the Securities Act of 1933. The 2030 Senior Secured Notes were issued at par.

New Revolving Credit Facility. On December 18, 2024, the Company entered into a new credit agreement (the New Credit Agreement) for a $310.0 revolving credit facility maturing on December 18, 2029 (the Revolving Credit Facility). As of June 30, 2025, no amounts were outstanding under the Revolving Credit Facility.

December 2024 Refinancing. On December 18, 2024, the Company borrowed $70.0 under the Revolving Credit Facility. Proceeds from borrowings under the Revolving Credit Facility, along with proceeds from the issuance of the 2030 Senior Secured Notes and cash on hand were used to (i) to repurchase all of the term loans under the Exit Facility (as defined below), (ii) repay all of the borrowings outstanding under the prior revolving credit facility, and (iii) pay all related premiums, fees, and expenses (collectively, the December 2024 Refinancing).

The December 2024 Refinancing was accounted for as a partial modification, partial extinguishment and new debt issuance at the syndicated lender level. As a result, the Company recorded a loss on the extinguishment of debt in the amount of $7.1. The Company incurred $3.9 in lender and third-party fees related to the Revolving Credit Facility. Based on the results of the revolver capacity test performed, 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.

Exit Credit Agreement. On the August 11, 2023, the effective date of the Company's 2023 restructuring proceedings, 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). Upon emergence from the 2023 restructuring proceedings, the Company’s then existing $1,250.0 debtor-in-possession term loan
credit facility was terminated and the loans outstanding under that 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 prior debtor-in-possession facility were automatically terminated and released. In connection with the Conversion, the entire $1,250.0 under the Exit Facility was deemed drawn on August 11, 2023. In February 2024, the Company prepaid $200.0 of term loans under the Exit Credit Agreement.

Below is a summary of financing information:
Financing FacilitiesInterest Rate
Index and Margin
Maturity/Termination DatesInitial Term (Years)
2030 Senior Secured Notes
7.75%
March 20305.25
New Revolving Credit Facility(i)
SOFR + 2.75%-3.50%
December 20295
(i)SOFR with a floor of 0.0%     

The Company had various international uncommitted and non-utilized short-term lines of credit with borrowing limits aggregating to $10.1 and $16.8 as of June 30, 2025 and December 31, 2024. There were no outstanding borrowings on the short term lines of credit as of June 30, 2025 or December 31, 2024. Short-term lines mature in less than one year and are used to support working capital.
v3.25.2
Shareholders' Equity
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity. The following table summarizes the changes in the Company’s Accumulated Other Comprehensive Income (AOCI), net of tax, by component for the three and six months ended June 30, 2025 and 2024:
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)Three months ended June 30,Six months ended June 30,
(in millions)2025202420252024
Beginning balance$(41.6)$(28.8)$(111.6)$14.2 
Other comprehensive income (loss) before reclassifications(1)
128.6 (35.2)198.6 (78.2)
Currency translation adjustments AOCI$87.0 $(64.0)$87.0 $(64.0)
Beginning balance$(0.1)$(0.1)$(0.1)$(0.1)
Other comprehensive income (loss) before reclassifications— (0.3)— (0.3)
Foreign currency hedges AOCI$(0.1)$(0.4)$(0.1)$(0.4)
Beginning balance$(0.1)$— $(0.1)$— 
Other comprehensive loss before reclassifications— (0.3)— (0.3)
Interest rate hedges AOCI$(0.1)$(0.3)$(0.1)$(0.3)
Beginning balance$(6.3)$(1.1)$(5.7)$(6.1)
Amounts reclassified from AOCI(2)
(0.8)1.9 (1.4)6.9 
Pension and other post-retirement benefits$(7.1)$0.8 $(7.1)$0.8 
Beginning balance$(0.7)$(0.4)$(0.4)$(0.4)
Other comprehensive loss before reclassifications— — (0.3)— 
Other$(0.7)$(0.4)$(0.7)$(0.4)
AOCI at June 30$79.0 $(64.3)$79.0 $(64.3)
(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $(0.3), $0.2, $— and $0.2 translation amount attributable to noncontrolling interests for the three and six months ended June 30, 2025 and 2024, respectively.
(2) The total reclassification from AOCI included pension and post-retirement net actuarial gain (loss) of $(0.8), $1.9, $(1.4) and $6.9, net of tax, for the three and six months ended June 30, 2025 and 2024, respectively.

Common stock. The Company's authorized common stock includes 45,000,000 shares, with a par value of $0.01 per share. As of June 30, 2025, 37,715,053 shares were issued and 36,859,610 shares were outstanding. As of December 31, 2024, 37,576,678 shares were issued and 37,576,678 shares were outstanding. We repurchased 855,443 shares for a total of $39.7 during the six months ended June 30, 2025. The Company's share repurchase program does not obligate it to acquire any specific number of shares. Under this program shares may be purchased in the open market or otherwise, including under accelerated share repurchase programs or under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
v3.25.2
Financial Instruments
6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Financial Instruments Financial Instruments. The following table provides information about assets and liabilities not carried at fair value and excludes asset and liabilities without readily determinable fair value.
 June 30, 2025December 31, 2024
 Carrying amount (net)Estimated fair valueCarrying amount (net)Estimated fair value
LiabilitiesBorrowings (Note 9)$966.3 $1,023.3 $966.0 $987.4 
Assets and liabilities that are reflected in the accompanying condensed consolidated financial statements at fair value are not included in the above disclosures; such items include short- and long-term investment and deferred compensation. Substantially all of these assets are considered to be Level 1 and substantially all of the Company's liabilities' fair value are considered Level 2.
v3.25.2
Commitments and Contingencies
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies. Indirect Tax Contingencies. At June 30, 2025, 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 condensed consolidated financial statements would not be materially affected by the outcome of these indirect tax claims and/or proceedings or asserted claims.
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 liabilities. The Company estimated the aggregate risk at June 30, 2025 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 June 30, 2025, the Company was a party to several lawsuits that were incurred in the normal course of business, which neither individually nor in the aggregate were considered material by management in relation to the Company’s financial position or results of operations. In management’s opinion, the Company's condensed consolidated financial statements would not be materially affected by the outcome of these legal proceedings or asserted claims.

In addition to these normal course of business litigation matters, the Company was a party to the proceedings below.

Diebold Nixdorf Holding Germany GmbH, formerly Diebold Nixdorf Holding Germany Inc. & Co. KGaA (Diebold KGaA), was a party to two appraisal proceedings initiated by former minority shareholders of its former listed subsidiary, Diebold Nixdorf AG. These proceedings related to (i) the adequacy of the compensation payments offered under a Domination and Profit and Loss Transfer Agreement (DPLTA) between Diebold KGaA and the former Diebold Nixdorf AG that became effective in 2017, and (ii) the adequacy of the cash exit compensation offered in connection with the cash merger squeeze-out of the remaining minority shareholders of Diebold Nixdorf AG in 2019.

Both proceedings have now been resolved in favor of the Company. On June 5, 2025, and on July 7, 2025, respectively, the Higher Regional Court of Düsseldorf ruled for the Company in both the DPLTA and merger squeeze out proceedings and dismissed all appeals stemming from the prior decisions of the District Court of Dortmund, which had previously rejected the minority shareholders’ claims in both matters. The Higher Regional Court specifically confirmed the adequacy of the compensation payments offered under the DPLTA and in connection with the squeeze out. The Higher Regional Court has not permitted any further remedies and declared its decisions as binding. Accordingly, the Company considers these matters as closed.

Refer to Note 21 of the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 for more information on these proceedings.

Bank Guarantees, Standby Letters of Credit, and Surety Bonds. At June 30, 2025, the maximum future contractual obligations relative to performance guarantees totaled $117.9, of which $23.8 represented standby letters of credit to insurance providers, and no associated liability was recorded. At December 31, 2024, the maximum future payment obligations relative to these various guarantees totaled $90.4, of which $21.9 represented standby letters of credit to insurance providers, and no associated liability was recorded.

Restricted Cash. The following table provides a reconciliation of Cash, cash equivalents and Short-term and Long-term restricted cash reporting within the Company's Condensed Consolidated Statement of Financial Position and in the Condensed Consolidated Statements of Cash Flows:
June 30, 2025December 31, 2024
Cash and cash equivalents$279.2 $296.2 
Bank collateral guarantees8.3 8.2 
Pension collateral guarantees7.7 6.9 
Restricted cash and cash equivalents16.0 15.1 
Total cash, cash equivalents, and restricted cash$295.2 $311.3 
v3.25.2
Revenue Recognition
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition 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 time:
Six months ended June 30,
Timing of revenue recognition20252024
Products transferred at a point in time40 %42 %
Products and services transferred over time60 %58 %
Net sales100 %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 December 31, 2024$588.5 $320.7 
Balance at June 30, 2025$599.4 $346.7 

There have been $8.6 and $9.7 of impairment losses recognized as bad debt related to receivables or contract assets arising from the Company's contracts with customers during the six months ended June 30, 2025 and 2024, respectively.

As of December 31, 2024, the Company had $320.7 of deferred revenue constituting the remaining performance obligations that are unsatisfied (or partially unsatisfied). During the six months ended June 30, 2025, the Company recognized revenue of $153.1 related to the Company's deferred revenue balance at December 31, 2024.
Transaction price allocated to the remaining performance obligations. As of June 30, 2025, 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.
v3.25.2
Segment Information
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information. The Company's reportable segment information below directly aligns with how the Chief Executive Officer, who is also the the chief operating decision maker (CODM), regularly reviews results to make decisions, allocate resources, and assess performance. Revenue, costs, operating expenses and operating profit (loss), as disclosed herein, is consistent with the segment information used by the CODM and does not include corporate charges, asset impairment, restructuring and saving initiative charges, or other non-routine, unusual or infrequently occurring items, as the CODM does not regularly review and use such financial measures to make decisions, allocate resources and assess performance.
Segment revenue and cost of sales are from sales to external customers. Segment operating profit is defined as segment gross profit less expenses directly attributable to the segments. The Company does not allocate to its segments certain operating expenses which are managed at the headquarters level; that are not used in the management of the segments, not segment-specific, and impractical to allocate. Segment operating profit reconciles to consolidated income before income taxes by deducting items that are not attributed to the segments and which are managed independently of segment results. Assets are not allocated to segments, and thus are not included in the assessment of segment performance, and consequently, we do not disclose total assets and depreciation and amortization expense by reportable operating segment.
The following tables present information regarding the Company’s segment performance and provide a reconciliation between segment operating profit and the consolidated Income before taxes:
Three months ended June 30,Six months ended June 30,
 2025202420252024
Banking$679.2 $707.4 $1,308.6 $1,356.2 
Retail236.0 232.3 447.7 478.9 
Total net sales by segment$915.2 $939.7 $1,756.3 $1,835.1 
Banking492.5 565.1 960.3 1,081.4 
Retail180.0 130.3 340.1 284.2 
Total segment cost of sales$672.5 $695.4 $1,300.4 $1,365.6 
Banking186.7 142.3 348.3 274.8 
Retail56.0 102.0 107.6 194.7 
Total segment gross profit$242.7 $244.3 $455.9 $469.5 
Banking61.6 63.2 125.6 127.3 
Retail30.9 28.6 60.0 57.9 
Total segment SG&A and other operating expenses$92.5 $91.8 $185.6 $185.2 
Banking$125.1 $79.1 $222.7 $147.5 
Retail25.1 73.4 47.6 136.8 
Total segment operating profit$150.2 $152.5 $270.3 $284.3 
Corporate charges not allocated to segments(1)
$(77.1)$(62.9)$(149.3)$(132.9)
Restructuring and other saving initiative expenses(2)
(16.3)10.6 (36.3)(47.3)
Refinancing related costs(3)
— (5.0)— (11.9)
Net non-routine income (expense)(4)
(0.6)1.2 1.1 2.3 
(94.0)(56.1)(184.5)(189.8)
Operating profit56.2 70.7 85.8 94.5 
Other expense, net(39.0)(25.4)(76.0)(63.4)
Income before taxes$17.2 $45.3 $9.8 $31.1 
(1)    Corporate charges not allocated to segments include headquarter-based costs associated primarily with human resources, finance, IT and legal that are not directly attributable to a particular segment and are separately assessed by the CODM for purposes of making decisions.
(2)    Refer to Note 8 for further information regarding restructurings. Consistent with the historical reportable segment structure, restructuring and saving initiative costs are not assigned to the segments, and are separately analyzed by the CODM.
(3)    Refinancing related costs are fees earned by our advisors that have been accounted for as period expense.
(4)    Net non-routine income (expense) consists of items that the Company has determined are non-routine in nature and not allocated to the reportable operating segments as they are not included in the measure used by the CODM to make decisions, allocate resources and assess performance.

The following table presents information regarding the Company’s segment net sales by service and product solution:
Three months ended June 30,Six months ended June 30,
2025202420252024
Services$407.4 $401.5 $789.5 $788.1 
Products271.8 305.9 519.1 568.1 
Total Banking679.2 707.4 1,308.6 1,356.2 
Services135.2 139.2 261.6 277.4 
Products100.8 93.1 186.1 201.5 
Total Retail236.0 232.3 447.7 478.9 
Total revenue $915.2 $939.7 $1,756.3 $1,835.1 
v3.25.2
Insider Trading Arrangements
3 Months Ended
Jun. 30, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Computing Loss Per Share and the Effect on the Weighted-average Number of Shares of Potential Dilutive Common Stock The following table represents amounts used in computing earnings per share and the effect on the weighted-average number of shares of potential dilutive common stock:
Three months ended June 30,Six months ended June 30,
2025202420252024
Earnings used in basic and diluted earnings per share
Net income$12.7 $14.8 $5.3 $0.8 
Net income (loss) attributable to noncontrolling interests0.5 (0.1)1.4 0.5 
Net income attributable to Diebold Nixdorf$12.2 $14.9 $3.9 $0.3 
Weighted-average common shares in basic loss per share37.2 37.6 37.4 37.6 
Effect of dilutive shares0.3 0.1 0.3 — 
Weighted-average number of shares used in diluted earnings per share 37.5 37.7 37.7 37.6 
Net income attributable to Diebold Nixdorf
Basic earnings per share$0.33 $0.40 $0.10 $0.01 
Diluted earnings per share$0.33 $0.40 $0.10 $0.01 
Anti-dilutive shares
Anti-dilutive shares not used in calculating diluted weighted-average shares0.1 1.0 0.2 1.2 
v3.25.2
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
Three months ended June 30,Six months ended June 30,
2025202420252024
Income tax expense
$4.8 $32.0 $2.6 $28.9 
Effective tax rate27.9 %70.6 %26.5 %92.9 %
v3.25.2
Inventories (Tables)
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Schedule of Major Classes of Inventories Major classes of inventories are summarized as follows:
June 30, 2025December 31, 2024
Raw materials and work in process$184.6 $170.3 
Finished goods196.5 183.9 
Total product inventories381.1 354.2 
Service parts192.9 173.9 
Total inventories$574.0 $528.1 
v3.25.2
Property, Plant and Equipment and Operating Leases (Tables)
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment and Operating Leases
June 30, 2025December 31, 2024
Original cost$198.3 $169.9 
Less accumulated depreciation(60.7)(41.8)
Right-of-use operating lease assets129.2 118.1 
Property, plant and equipment, net$266.8 $246.2 
v3.25.2
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The changes in the carrying amount of goodwill for the six months ended June 30, 2025:
BankingRetailTotal
Goodwill, balance at January 1, 2025$448.4 $138.0 $586.4 
Currency translation adjustment41.6 13.2 54.8 
Goodwill, balance at June 30, 2025
490.0 151.2 641.2 
Schedule of Intangible Assets
The following summarizes information on Intangible assets by major category:
June 30, 2025December 31, 2024
Weighted-average remaining useful livesGross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships15.6 years$578.0 $(62.4)$515.6 $523.8 $(41.1)$482.7 
Trademarks and trade names16.6 years123.1 (12.5)110.6 114.5 (8.5)106.0 
Capitalized software development2.4 years35.5 (12.0)23.5 46.9 (6.1)40.8 
Technology know-how and development costs non-software4.3 years200.5 (61.2)139.3 186.2 (41.3)144.9 
Other intangibles
< 1.0 year
67.2 (40.5)26.7 38.3 (34.1)4.2 
Customer relationships and other intangible assets, net$1,004.3 $(188.6)$815.7 $909.7 $(131.1)$778.6 
v3.25.2
Product Warranties (Tables)
6 Months Ended
Jun. 30, 2025
Guarantees and Product Warranties [Abstract]  
Schedule of Changes in Warranty Liability Balance Changes in the Company’s warranty liability balance are illustrated in the following table:
20252024
Beginning balance as of January 1$22.5 $28.0 
Current period accruals5.8 19.6 
Current period settlements(8.6)(22.5)
Currency translation adjustment1.9 (1.7)
Ending balance as of June 30
$21.6 $23.4 
v3.25.2
Restructuring (Tables)
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs The following tables summarizes the impact of the Company’s restructuring charges on the Consolidated Statements of Earnings:
Three months ended June 30,Six months ended June 30,
 2025202420252024
Cost of sales – services$7.8 $(0.3)$18.3 $16.0 
Cost of sales – products0.9 1.1 1.2 1.8 
Selling and administrative expense6.3 10.3 13.1 27.0 
Research, development and engineering expense0.2 (0.5)2.6 2.5 
Other operating income1.1 — 1.1 — 
Total$16.3 $10.6 $36.3 $47.3 
Schedule of Restructuring Accrual Balances and Related Activity
The following table summarizes the Company’s severance accrual balance and related activity:
20252024
Beginning balance as of January 1$15.9 $10.3 
Severance accrual30.6 22.8 
Payout/Settlement(26.9)(16.4)
Other0.6 (0.3)
Ending balance as of June 30$20.2 $16.4 
v3.25.2
Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt Balances Outstanding debt balances were as follows:
June 30, 2025December 31, 2024
2030 Senior Secured Notes$950.0 $950.0 
Other16.5 15.8 
Long-term debt$966.5 $965.8 
Long-term deferred financing fees(35.4)(38.5)
Total outstanding debt$931.1 $927.3 
Schedule of Financing Facilities
Below is a summary of financing information:
Financing FacilitiesInterest Rate
Index and Margin
Maturity/Termination DatesInitial Term (Years)
2030 Senior Secured Notes
7.75%
March 20305.25
New Revolving Credit Facility(i)
SOFR + 2.75%-3.50%
December 20295
(i)SOFR with a floor of 0.0%
v3.25.2
Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in the Company’s Accumulated Other Comprehensive Income (AOCI), net of tax, by component for the three and six months ended June 30, 2025 and 2024:
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)Three months ended June 30,Six months ended June 30,
(in millions)2025202420252024
Beginning balance$(41.6)$(28.8)$(111.6)$14.2 
Other comprehensive income (loss) before reclassifications(1)
128.6 (35.2)198.6 (78.2)
Currency translation adjustments AOCI$87.0 $(64.0)$87.0 $(64.0)
Beginning balance$(0.1)$(0.1)$(0.1)$(0.1)
Other comprehensive income (loss) before reclassifications— (0.3)— (0.3)
Foreign currency hedges AOCI$(0.1)$(0.4)$(0.1)$(0.4)
Beginning balance$(0.1)$— $(0.1)$— 
Other comprehensive loss before reclassifications— (0.3)— (0.3)
Interest rate hedges AOCI$(0.1)$(0.3)$(0.1)$(0.3)
Beginning balance$(6.3)$(1.1)$(5.7)$(6.1)
Amounts reclassified from AOCI(2)
(0.8)1.9 (1.4)6.9 
Pension and other post-retirement benefits$(7.1)$0.8 $(7.1)$0.8 
Beginning balance$(0.7)$(0.4)$(0.4)$(0.4)
Other comprehensive loss before reclassifications— — (0.3)— 
Other$(0.7)$(0.4)$(0.7)$(0.4)
AOCI at June 30$79.0 $(64.3)$79.0 $(64.3)
(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $(0.3), $0.2, $— and $0.2 translation amount attributable to noncontrolling interests for the three and six months ended June 30, 2025 and 2024, respectively.
(2) The total reclassification from AOCI included pension and post-retirement net actuarial gain (loss) of $(0.8), $1.9, $(1.4) and $6.9, net of tax, for the three and six months ended June 30, 2025 and 2024, respectively.
v3.25.2
Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Assets and Liabilities Not Carried at Fair Value The following table provides information about assets and liabilities not carried at fair value and excludes asset and liabilities without readily determinable fair value.
 June 30, 2025December 31, 2024
 Carrying amount (net)Estimated fair valueCarrying amount (net)Estimated fair value
LiabilitiesBorrowings (Note 9)$966.3 $1,023.3 $966.0 $987.4 
v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Cash and Cash Equivalents The following table provides a reconciliation of Cash, cash equivalents and Short-term and Long-term restricted cash reporting within the Company's Condensed Consolidated Statement of Financial Position and in the Condensed Consolidated Statements of Cash Flows:
June 30, 2025December 31, 2024
Cash and cash equivalents$279.2 $296.2 
Bank collateral guarantees8.3 8.2 
Pension collateral guarantees7.7 6.9 
Restricted cash and cash equivalents16.0 15.1 
Total cash, cash equivalents, and restricted cash$295.2 $311.3 
v3.25.2
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following table represents the percentage of revenue recognized either at a point in time or over time:
Six months ended June 30,
Timing of revenue recognition20252024
Products transferred at a point in time40 %42 %
Products and services transferred over time60 %58 %
Net sales100 %100 %
Schedule of Receivables and Deferred Revenue from Contracts with Customers The following table provides information about receivables and deferred revenue, which represent contract liabilities from contracts with customers:
Contract balance informationTrade receivablesContract liabilities
Balance at December 31, 2024$588.5 $320.7 
Balance at June 30, 2025$599.4 $346.7 
v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables present information regarding the Company’s segment performance and provide a reconciliation between segment operating profit and the consolidated Income before taxes:
Three months ended June 30,Six months ended June 30,
 2025202420252024
Banking$679.2 $707.4 $1,308.6 $1,356.2 
Retail236.0 232.3 447.7 478.9 
Total net sales by segment$915.2 $939.7 $1,756.3 $1,835.1 
Banking492.5 565.1 960.3 1,081.4 
Retail180.0 130.3 340.1 284.2 
Total segment cost of sales$672.5 $695.4 $1,300.4 $1,365.6 
Banking186.7 142.3 348.3 274.8 
Retail56.0 102.0 107.6 194.7 
Total segment gross profit$242.7 $244.3 $455.9 $469.5 
Banking61.6 63.2 125.6 127.3 
Retail30.9 28.6 60.0 57.9 
Total segment SG&A and other operating expenses$92.5 $91.8 $185.6 $185.2 
Banking$125.1 $79.1 $222.7 $147.5 
Retail25.1 73.4 47.6 136.8 
Total segment operating profit$150.2 $152.5 $270.3 $284.3 
Corporate charges not allocated to segments(1)
$(77.1)$(62.9)$(149.3)$(132.9)
Restructuring and other saving initiative expenses(2)
(16.3)10.6 (36.3)(47.3)
Refinancing related costs(3)
— (5.0)— (11.9)
Net non-routine income (expense)(4)
(0.6)1.2 1.1 2.3 
(94.0)(56.1)(184.5)(189.8)
Operating profit56.2 70.7 85.8 94.5 
Other expense, net(39.0)(25.4)(76.0)(63.4)
Income before taxes$17.2 $45.3 $9.8 $31.1 
(1)    Corporate charges not allocated to segments include headquarter-based costs associated primarily with human resources, finance, IT and legal that are not directly attributable to a particular segment and are separately assessed by the CODM for purposes of making decisions.
(2)    Refer to Note 8 for further information regarding restructurings. Consistent with the historical reportable segment structure, restructuring and saving initiative costs are not assigned to the segments, and are separately analyzed by the CODM.
(3)    Refinancing related costs are fees earned by our advisors that have been accounted for as period expense.
(4)    Net non-routine income (expense) consists of items that the Company has determined are non-routine in nature and not allocated to the reportable operating segments as they are not included in the measure used by the CODM to make decisions, allocate resources and assess performance.
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:
Three months ended June 30,Six months ended June 30,
2025202420252024
Services$407.4 $401.5 $789.5 $788.1 
Products271.8 305.9 519.1 568.1 
Total Banking679.2 707.4 1,308.6 1,356.2 
Services135.2 139.2 261.6 277.4 
Products100.8 93.1 186.1 201.5 
Total Retail236.0 232.3 447.7 478.9 
Total revenue $915.2 $939.7 $1,756.3 $1,835.1 
v3.25.2
Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Earnings used in basic and diluted earnings per share        
Net income $ 12.7 $ 14.8 $ 5.3 $ 0.8
Net income (loss) attributable to noncontrolling interests 0.5 (0.1) 1.4 0.5
Net income attributable to Diebold Nixdorf $ 12.2 $ 14.9 $ 3.9 $ 0.3
Weighted-average common shares in basic loss per share (in shares) 37.2 37.6 37.4 37.6
Effect of dilutive shares (in shares) 0.3 0.1 0.3 0.0
Weighted-average number of shares used in diluted earnings per share (in shares) 37.5 37.7 37.7 37.6
Net income attributable to Diebold Nixdorf        
Basic earnings per share (in dollars per share) $ 0.33 $ 0.40 $ 0.10 $ 0.01
Diluted earnings per share (in dollars per share) $ 0.33 $ 0.40 $ 0.10 $ 0.01
Anti-dilutive shares        
Anti-dilutive shares not used in calculating diluted weighted-average shares (in shares) 0.1 1.0 0.2 1.2
v3.25.2
Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Income tax expense $ 4.8 $ 32.0 $ 2.6 $ 28.9
Effective tax rate 27.90% 70.60% 26.50% 92.90%
v3.25.2
Income Taxes - Narrative (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Effective tax rate 27.90% 70.60% 26.50% 92.90%
v3.25.2
Inventories (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Major classes of inventories    
Raw materials and work in process $ 184.6 $ 170.3
Finished goods 196.5 183.9
Service parts 192.9 173.9
Total inventories 574.0 528.1
Products    
Major classes of inventories    
Total inventories $ 381.1 $ 354.2
v3.25.2
Property, Plant and Equipment and Operating Leases - Schedule of Property, Plant and Equipment and Operating Leases (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]    
Original cost $ 198.3 $ 169.9
Less accumulated depreciation (60.7) (41.8)
Right-of-use operating lease assets 129.2 118.1
Property, plant and equipment, net $ 266.8 $ 246.2
v3.25.2
Property, Plant, and Equipment - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Property, Plant and Equipment [Abstract]          
Depreciation $ 9.2 $ 5.2 $ 17.6 $ 13.0  
Operating lease liabilities, current 48.7   48.7   $ 43.3
Operating lease liabilities, noncurrent $ 83.2   $ 83.2   $ 76.3
v3.25.2
Goodwill and Other Intangible Assets - Schedule of Goodwill (Details)
$ in Millions
6 Months Ended
Jun. 30, 2025
USD ($)
Goodwill [Roll Forward]  
Beginning balance $ 586.4
Currency translation adjustment 54.8
Ending balance 641.2
Banking  
Goodwill [Roll Forward]  
Beginning balance 448.4
Currency translation adjustment 41.6
Ending balance 490.0
Retail  
Goodwill [Roll Forward]  
Beginning balance 138.0
Currency translation adjustment 13.2
Ending balance $ 151.2
v3.25.2
Goodwill and Other Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 1,004.3 $ 909.7
Accumulated Amortization (188.6) (131.1)
Net Carrying Amount $ 815.7 778.6
Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 15 years 7 months 6 days  
Gross Carrying Amount $ 578.0 523.8
Accumulated Amortization (62.4) (41.1)
Net Carrying Amount $ 515.6 482.7
Trademarks and trade names    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 16 years 7 months 6 days  
Gross Carrying Amount $ 123.1 114.5
Accumulated Amortization (12.5) (8.5)
Net Carrying Amount $ 110.6 106.0
Capitalized software development    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 2 years 4 months 24 days  
Gross Carrying Amount $ 35.5 46.9
Accumulated Amortization (12.0) (6.1)
Net Carrying Amount $ 23.5 40.8
Technology know-how and development costs non-software    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 4 years 3 months 18 days  
Gross Carrying Amount $ 200.5 186.2
Accumulated Amortization (61.2) (41.3)
Net Carrying Amount $ 139.3 144.9
Other intangibles    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average remaining useful lives 1 year  
Gross Carrying Amount $ 67.2 38.3
Accumulated Amortization (40.5) (34.1)
Net Carrying Amount $ 26.7 $ 4.2
v3.25.2
Goodwill and Other Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization expense $ 22.2 $ 25.1 $ 47.6 $ 51.5
Intangible assets, increase for currency translation     $ 83.3  
v3.25.2
Product Warranties (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Changes in warranty liability balance    
Beginning balance $ 22.5 $ 28.0
Current period accruals 5.8 19.6
Current period settlements (8.6) (22.5)
Currency translation adjustment 1.9 (1.7)
Ending balance $ 21.6 $ 23.4
v3.25.2
Restructuring - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring Cost and Reserve [Line Items]        
Expected costs to be incurred $ 165.0   $ 165.0  
Cumulative amount incurred 142.4   142.4  
Restructuring charges 16.3 $ 10.6 36.3 $ 47.3
Operating Segments | Banking        
Restructuring Cost and Reserve [Line Items]        
Expected costs to be incurred 41.0   41.0  
Restructuring charges 5.2   8.6  
Operating Segments | Retail        
Restructuring Cost and Reserve [Line Items]        
Expected costs to be incurred 28.0   28.0  
Restructuring charges $ 3.4   $ 10.5  
v3.25.2
Restructuring - Schedule of Restructuring and Related Costs (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Schedule of restructuring and related costs        
Restructuring charges $ 16.3 $ 10.6 $ 36.3 $ 47.3
Selling and administrative expense        
Schedule of restructuring and related costs        
Restructuring charges 6.3 10.3 13.1 27.0
Research, development and engineering expense        
Schedule of restructuring and related costs        
Restructuring charges 0.2 (0.5) 2.6 2.5
Other operating income        
Schedule of restructuring and related costs        
Restructuring charges 1.1 0.0 1.1 0.0
Services        
Schedule of restructuring and related costs        
Restructuring charges 7.8 (0.3) 18.3 16.0
Products        
Schedule of restructuring and related costs        
Restructuring charges $ 0.9 $ 1.1 $ 1.2 $ 1.8
v3.25.2
Restructuring - Schedule of Restructuring Accrual Balances and Related Activity (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Restructuring Reserve [Roll Forward]    
Beginning balance $ 15.9 $ 10.3
Severance accrual 30.6 22.8
Payout/Settlement (26.9) (16.4)
Other 0.6 (0.3)
Ending balance $ 20.2 $ 16.4
v3.25.2
Debt - Schedule of Outstanding Debt Balances (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Long-term debt, gross $ 966.5 $ 965.8
Long-term deferred financing fees (35.4) (38.5)
Total outstanding debt 931.1 927.3
2030 Senior Secured Notes | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt, gross 950.0 950.0
Other    
Debt Instrument [Line Items]    
Long-term debt, gross $ 16.5 $ 15.8
v3.25.2
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%
v3.25.2
Debt - New Revolving Credit Agreement (Details)
Dec. 18, 2024
USD ($)
2029 Revolving Facility | Line of Credit | Revolving Facility  
Line of Credit Facility [Line Items]  
Line of credit facility, maximum borrowing capacity $ 310,000,000.0
v3.25.2
Debt - December 2024 Refinancing (Details) - USD ($)
$ in Millions
6 Months Ended
Dec. 18, 2024
Jun. 30, 2025
Jun. 30, 2024
Line of Credit Facility [Line Items]      
Loss on extinguishment of debt   $ 7.1  
Debt costs incurred   0.0 $ 4.6
2027 Revolving Facility      
Line of Credit Facility [Line Items]      
Borrowings - revolving credit facility   $ 0.0 $ 200.0
Revolving Facility | 2029 Revolving Facility | Line of Credit      
Line of Credit Facility [Line Items]      
Borrowings - revolving credit facility $ 70.0    
Debt costs incurred 3.9    
Debt costs capitalized 3.6    
Revolving Facility | 2027 Revolving Facility | Line of Credit      
Line of Credit Facility [Line Items]      
Unamortized costs $ 2.9    
v3.25.2
Debt - Exit Credit Agreement (Details) - Revolving Facility - Exit Credit Agreement - Secured Debt - USD ($)
$ in Millions
1 Months Ended
Feb. 29, 2024
Aug. 11, 2023
Line of Credit Facility [Line Items]    
Line of credit facility, maximum borrowing capacity   $ 1,250.0
Debtor-in-possession financing, borrowings outstanding   1,250.0
Amount deemed drawn   $ 1,250.0
Repayments of credit facility $ 200.0  
v3.25.2
Debt - Schedule of Financing Facilities (Details)
6 Months Ended
Jun. 30, 2025
2030 Senior Secured Notes | Senior Notes  
Short-term Debt [Line Items]  
Basis spread rate 7.75%
Initial Term (Years) 5 years 3 months
2029 Revolving Facility | Revolving Facility | Line of Credit  
Short-term Debt [Line Items]  
Initial Term (Years) 5 years
Floor rate percentage 0.00%
2029 Revolving Facility | Minimum | Revolving Facility | Line of Credit  
Short-term Debt [Line Items]  
Basis spread rate 2.75%
2029 Revolving Facility | Maximum | Revolving Facility | Line of Credit  
Short-term Debt [Line Items]  
Basis spread rate 3.50%
v3.25.2
Debt - Line of Credit (Details) - Various short-term lines of credit - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Line of Credit Facility [Line Items]    
Borrowing capacity under credit facility $ 10.1 $ 16.8
Line of credit facility expiration period 1 year  
v3.25.2
Shareholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance     $ 938.2  
Ending balance $ 1,105.0 $ 1,009.0 1,105.0 $ 1,009.0
Foreign currency hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Other comprehensive income (loss) before reclassifications 0.0 (0.3) 0.0 (0.3)
Interest rate hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Other comprehensive income (loss) before reclassifications 0.0 (0.3) 0.0 (0.3)
AOCI Attributable to Parent        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (48.8) (30.4) (117.9) 7.6
Ending balance 79.0 (64.3) 79.0 (64.3)
Currency translation adjustments AOCI        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (41.6) (28.8) (111.6) 14.2
Other comprehensive income (loss) before reclassifications 128.6 (35.2) 198.6 (78.2)
Ending balance 87.0 (64.0) 87.0 (64.0)
Hedges AOCI | Foreign currency hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (0.1) (0.1) (0.1) (0.1)
Other comprehensive income (loss) before reclassifications 0.0 (0.3) 0.0 (0.3)
Ending balance (0.1) (0.4) (0.1) (0.4)
Hedges AOCI | Interest rate hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (0.1) 0.0 (0.1) 0.0
Other comprehensive income (loss) before reclassifications 0.0 (0.3) 0.0 (0.3)
Ending balance (0.1) (0.3) (0.1) (0.3)
Pension and other post-retirement benefits        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (6.3) (1.1) (5.7) (6.1)
Ending balance (7.1) 0.8 (7.1) 0.8
Net actuarial gain (loss)        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Amounts reclassified from AOCI (0.8) 1.9 (1.4) 6.9
Other        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (0.7) (0.4) (0.4) (0.4)
Other comprehensive income (loss) before reclassifications 0.0 0.0 (0.3) 0.0
Ending balance (0.7) (0.4) (0.7) (0.4)
Foreign currency hedges AOCI attributable to noncontrolling interests        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Other comprehensive income (loss) before reclassifications $ (0.3) $ 0.2 $ 0.0 $ 0.2
v3.25.2
Shareholders' Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Equity [Abstract]    
Common stock, shares authorized (in shares) 45,000,000  
Common stock, par or stated value per share (in dollars per share) $ 0.01  
Common stock, shares, issued (in shares) 37,715,053 37,576,678
Common stock, shares, outstanding (in shares) 36,859,610 37,576,678
Stock repurchased (in shares) 855,443  
Stock repurchased value $ 39.7  
v3.25.2
Financial Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Carrying amount (net)    
Derivative [Line Items]    
Borrowings (Note 9) $ 966.3 $ 966.0
Estimated fair value    
Derivative [Line Items]    
Borrowings (Note 9) $ 1,023.3 $ 987.4
v3.25.2
Commitments and Contingencies - Narrative (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Loss Contingencies [Line Items]    
Guarantor obligations, maximum exposure, undiscounted $ 117.9 $ 90.4
Guarantor obligations, liability 0.0 0.0
Financial Standby Letter of Credit    
Loss Contingencies [Line Items]    
Guarantor obligations, maximum exposure, undiscounted 23.8 $ 21.9
Indirect Tax Liability    
Loss Contingencies [Line Items]    
Range of possible loss, portion not accrued $ 56.1  
v3.25.2
Commitments and Contingencies - Schedule of Cash and Cash Equivalents (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]        
Cash and cash equivalents $ 279.2 $ 296.2    
Bank collateral guarantees 8.3 8.2    
Pension collateral guarantees 7.7 6.9    
Restricted cash and cash equivalents 16.0 15.1    
Total cash, cash equivalents, and restricted cash $ 295.2 $ 311.3 $ 360.1 $ 592.3
v3.25.2
Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Deferred Revenue Arrangement [Line Items]      
Net sales, percentage 100.00% 100.00%  
Trade receivables $ 599.4   $ 588.5
Contract liabilities $ 346.7   $ 320.7
Products transferred at a point in time      
Deferred Revenue Arrangement [Line Items]      
Net sales, percentage 40.00% 42.00%  
Products and services transferred over time      
Deferred Revenue Arrangement [Line Items]      
Net sales, percentage 60.00% 58.00%  
v3.25.2
Revenue Recognition - Narrative (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Impairment losses recognized as bad debt expense $ 8.6 $ 9.7  
Deferred revenue 346.7   $ 320.7
Deferred revenue, revenue recognized 153.1    
Revenue, remaining performance obligation, amount $ 1,400.0    
Minimum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Revenue, remaining performance obligation, period 12 months    
Maximum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Revenue, remaining performance obligation, period 18 months    
v3.25.2
Segment Information - Schedule of Segment Information (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Net sales $ 915.2 $ 939.7 $ 1,756.3 $ 1,835.1
Total segment cost of sales 681.2 696.5 1,319.9 1,383.3
Total segment gross profit 234.0 243.2 436.4 451.8
Total segment SG&A and other operating expenses 177.8 172.5 350.6 357.3
Operating profit 56.2 70.7 85.8 94.5
Restructuring and other saving initiative expenses (16.3) (10.6) (36.3) (47.3)
Other expense, net (39.0) (25.4) (76.0) (63.4)
Income before taxes 17.2 45.3 9.8 31.1
Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 915.2 939.7 1,756.3 1,835.1
Total segment cost of sales 672.5 695.4 1,300.4 1,365.6
Total segment gross profit 242.7 244.3 455.9 469.5
Total segment SG&A and other operating expenses 92.5 91.8 185.6 185.2
Operating profit 150.2 152.5 270.3 284.3
Operating Segments | Banking        
Segment Reporting Information [Line Items]        
Net sales 679.2 707.4 1,308.6 1,356.2
Total segment cost of sales 492.5 565.1 960.3 1,081.4
Total segment gross profit 186.7 142.3 348.3 274.8
Total segment SG&A and other operating expenses 61.6 63.2 125.6 127.3
Operating profit 125.1 79.1 222.7 147.5
Restructuring and other saving initiative expenses (5.2)   (8.6)  
Operating Segments | Retail        
Segment Reporting Information [Line Items]        
Net sales 236.0 232.3 447.7 478.9
Total segment cost of sales 180.0 130.3 340.1 284.2
Total segment gross profit 56.0 102.0 107.6 194.7
Total segment SG&A and other operating expenses 30.9 28.6 60.0 57.9
Operating profit 25.1 73.4 47.6 136.8
Restructuring and other saving initiative expenses (3.4)   (10.5)  
Corporate and segment reconciling items        
Segment Reporting Information [Line Items]        
Operating profit (94.0) (56.1) (184.5) (189.8)
Corporate charges not allocated to segments        
Segment Reporting Information [Line Items]        
Operating profit (77.1) (62.9) (149.3) (132.9)
Segment reconciling items        
Segment Reporting Information [Line Items]        
Restructuring and other saving initiative expenses (16.3) 10.6 (36.3) (47.3)
Refinancing related costs 0.0 (5.0) 0.0 (11.9)
Net non-routine income (expense) $ (0.6) $ 1.2 $ 1.1 $ 2.3
v3.25.2
Segment Information - Schedule of Revenue from External Customers by Products and Services (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Total net sales by segment $ 915.2 $ 939.7 $ 1,756.3 $ 1,835.1
Services        
Segment Reporting Information [Line Items]        
Total net sales by segment 542.6 540.7 1,051.1 1,065.5
Products        
Segment Reporting Information [Line Items]        
Total net sales by segment 372.6 399.0 705.2 769.6
Operating Segments        
Segment Reporting Information [Line Items]        
Total net sales by segment 915.2 939.7 1,756.3 1,835.1
Operating Segments | Banking        
Segment Reporting Information [Line Items]        
Total net sales by segment 679.2 707.4 1,308.6 1,356.2
Operating Segments | Retail        
Segment Reporting Information [Line Items]        
Total net sales by segment 236.0 232.3 447.7 478.9
Operating Segments | Services | Banking        
Segment Reporting Information [Line Items]        
Total net sales by segment 407.4 401.5 789.5 788.1
Operating Segments | Services | Retail        
Segment Reporting Information [Line Items]        
Total net sales by segment 135.2 139.2 261.6 277.4
Operating Segments | Products | Banking        
Segment Reporting Information [Line Items]        
Total net sales by segment 271.8 305.9 519.1 568.1
Operating Segments | Products | Retail        
Segment Reporting Information [Line Items]        
Total net sales by segment $ 100.8 $ 93.1 $ 186.1 $ 201.5