Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2023	Mar. 03, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction Flag	false
Entity Shell Company	false
Entity Public Float			$ 4,801,890
Entity Common Stock, Shares Outstanding		37,566,678
Documents Incorporated by Reference	Diebold Nixdorf, Incorporated's Proxy Statement for the 2024 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	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Firm ID	185
Auditor Location	Cleveland, OH

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 550.2	$ 307.4
Restricted cash	42.1	11.7
Short-term investments	13.4	24.6
Trade receivables, less allowances for doubtful accounts of $3.6 and $34.5, respectively	721.8	612.2
Inventories	589.8	588.1
Prepaid expenses	44.0	50.5
Current assets held for sale	0.0	7.9
Other current assets	192.6	168.5
Total current assets	2,153.9	1,770.9
Securities and other investments	6.5	7.6
Property, plant and equipment, net	159.0	120.7
Deferred income taxes	71.4	0.0
Goodwill	616.7	702.3
Intangible assets, net	891.3	257.6
Right-of-use operating lease assets	98.7	108.5
Other assets	164.5	97.4
Total assets	4,162.0	3,065.0
Current liabilities
Notes payable	0.3	24.0
Accounts payable	529.0	611.6
Deferred revenue	376.2	453.2
Payroll and other benefits liabilities	160.1	107.9
Current liabilities held for sale	0.0	6.8
Operating lease liabilities	39.6	39.0
Other current liabilities	315.8	362.4
Total current liabilities	1,421.0	1,604.9
Long-term debt	1,252.4	2,585.8
Pensions, post-retirement and other benefits	112.6	40.6
Long-term operating lease liabilities	65.1	76.7
Deferred income taxes	204.9	96.6
Other liabilities	26.8	31.5
Total liabilities	3,082.8	4,436.1
Diebold Nixdorf, Incorporated shareholders' equity
Preferred stock, value, issued	0.0	0.0
Common stock, value, issued	0.4	119.8
Additional paid-in-capital	1,038.7	831.5
Retained earnings (accumulated deficit)	17.1	(1,406.7)
Predecessor treasury shares, at cost (16,676,269 shares)	0.0	(585.6)
Accumulated other comprehensive loss	7.6	(360.0)
Equity warrants	0.0	20.1
Total Diebold Nixdorf, Incorporated shareholders' equity	1,063.8	(1,380.9)
Noncontrolling interests	15.4	9.8
Total equity	1,079.2	(1,371.1)
Total liabilities and equity	4,162.0	3,065.0
Customer relationships, net
Current assets
Intangible assets, net	543.0	213.6
Other intangible assets, net
Current assets
Intangible assets, net	$ 348.3	$ 44.0

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets
Trade receivables, allowance	$ 3.6	$ 34.5
Diebold Nixdorf, Incorporated shareholders' equity
Preferred shares, shares authorized (in shares)	2,000,000	1,000,000
Preferred shares, shares issued (in shares)	0	0
Common shares, par value (in dollars per share)	$ 0.01	$ 1.25
Common shares, shares authorized (in shares)	45,000,000	125,000,000
Common shares, shares issued (in shares)	37,566,678	95,779,719
Common shares, shares outstanding (in shares)	37,566,678	79,103,450
Treasury shares (in shares)		16,676,269

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	5 Months Ended	7 Months Ended	12 Months Ended
	Dec. 31, 2023	Aug. 12, 2023	Dec. 31, 2022	Dec. 31, 2021
Financial designation, successor and predecessor	Successor
Net sales
Total net sales	$ 1,628.6	$ 2,131.9	$ 3,460.7	$ 3,905.2
Cost of sales
Total cost of sales	1,275.6	1,611.9	2,703.4	2,861.8
Gross profit	353.0	520.0	757.3	1,043.4
Selling and administrative expense	226.0	458.7	741.6	775.6
Research, development and engineering expense	34.4	62.3	120.7	126.3
Impairment of assets	1.2	3.3	111.8	1.3
(Gain) loss on sale of assets, net	(1.0)	1.2	(5.1)	3.1
Total operating expense	260.6	525.5	969.0	906.3
Operating profit (loss)	92.4	(5.5)	(211.7)	137.1
Other income (expense)
Interest income	6.3	6.7	10.0	6.1
Interest expense	(68.7)	(178.0)	(199.2)	(195.3)
Foreign exchange loss, net	(12.2)	(1.2)	(7.8)	(2.0)
Reorganization items, net	(17.1)	1,614.1	0.0	0.0
Miscellaneous, net	(0.8)	12.3	2.2	3.4
Loss on refinancing	0.0	0.0	(32.1)	0.0
(Loss) income before taxes	(0.1)	1,448.4	(438.6)	(50.7)
Income tax expense (benefit)	(14.7)	90.4	149.2	27.7
Equity in earnings (loss) of unconsolidated subsidiaries, net	4.5	(0.5)	2.2	0.3
Net income (loss)	19.1	1,357.5	(585.6)	(78.1)
Net income (loss) income attributable to noncontrolling interests	1.3	(0.8)	(4.2)	0.7
Net income (loss) attributable to Diebold Nixdorf, Incorporated	$ 17.8	$ 1,358.3	$ (581.4)	$ (78.8)
Basic weighted-average shares outstanding (in shares)	37.6	79.7	79.0	78.3
Diluted weighted-average shares outstanding (in shares)	37.6	81.4	79.0	78.3
Net income (loss) attributable to Diebold Nixdorf, Incorporated
Basic earnings (loss) per share (in dollars per share)	$ 0.47	$ 17.04	$ (7.36)	$ (1.01)
Diluted earnings (loss) per share (in dollars per share)	$ 0.47	$ 16.69	$ (7.36)	$ (1.01)
Services
Net sales
Total net sales	$ 858.4	$ 1,295.0	$ 2,098.9	$ 2,303.6
Cost of sales
Total cost of sales	658.2	922.4	1,480.8	1,577.3
Products
Net sales
Total net sales	770.2	836.9	1,361.8	1,601.6
Cost of sales
Total cost of sales	$ 617.4	$ 689.5	$ 1,222.6	$ 1,284.5

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	5 Months Ended	7 Months Ended	12 Months Ended
	Dec. 31, 2023	Aug. 12, 2023	Dec. 31, 2022	Dec. 31, 2021
Net income (loss)	$ 19.1	$ 1,357.5	$ (585.6)	$ (78.1)
Other comprehensive income (loss), net of tax:
Translation adjustment and foreign currency hedges	14.4	21.0	(35.3)	(53.6)
Pension and other post-retirement benefits:
Prior service credit (cost) recognized during the period (net of tax of $(0.2) in the Successor Period and $0.2, $— and $— in the Predecessor Periods, respectively)	0.4	(0.2)	2.4	0.0
Net actuarial gains (losses) recognized during the period (net of tax of $2.6 in the Successor Period and $(4.9), $— and $23.2 in the Predecessor Periods, respectively)	(6.5)	4.2	38.5	76.0
Net actuarial gains (losses) occurring during the period (net of tax of $— in the Successor Period and $1.1, $— and $2.0 in the Predecessor Periods, respectively)	0.0	(1.0)	2.3	7.5
Net actuarial gains (losses) recognized due to settlement (net of tax of $— in Successor Period and $1.1, $— and $(0.4) in the Predecessor Periods, respectively)	0.1	(0.9)	10.2	(0.7)
Acquired benefit plans and other (net of tax of $— in Successor Period and $—, $— and $— in the Predecessor Periods, respectively)	0.0	0.0	0.0	0.1
Currency impact (net of tax of $0.1 in the Successor Period and $(1.3), $— and $(0.4) in the Predecessor Periods, respectively)	(0.1)	1.1	(1.4)	(0.6)
Total pension and other postretirement benefits, net of tax	(6.1)	3.2	52.0	82.3
Other	(0.4)	0.0	2.8	(0.9)
Other comprehensive income (loss), net of tax	7.8	32.3	24.4	35.0
Comprehensive income (loss)	26.9	1,389.8	(561.2)	(43.1)
Less: comprehensive income (loss) attributable to noncontrolling interests	1.5	(8.5)	1.7	1.3
Comprehensive income (loss) attributable to Diebold Nixdorf, Incorporated	25.4	1,398.3	(562.9)	(44.4)
Foreign exchange forward contracts
Interest rate hedges:
Total hedges, net of tax	(0.1)	4.7	0.0	0.7
Interest rate swap
Interest rate hedges:
Net income (loss) recognized in other comprehensive income (net of tax of $— in the Successor Period and $—, $0.7 and $3.4 in the Predecessor Periods, respectively)	0.0	3.4	5.5	8.6
Less: reclassification adjustments for amounts recognized in net income (loss) (net of tax of $— in the Successor Period and $—, $0.1 and $0.8 in the Predecessor Periods, respectively)	0.0	0.0	0.6	2.1
Total hedges, net of tax	$ 0.0	$ 3.4	$ 4.9	$ 6.5

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Millions	5 Months Ended	7 Months Ended	12 Months Ended
	Dec. 31, 2023	Aug. 12, 2023	Dec. 31, 2022	Dec. 31, 2021
Translation adjustment and foreign currency hedges, tax	$ 0.0	$ 0.0	$ (3.0)	$ (6.6)
Prior service credit (cost) recognized during the year, tax	(0.2)	0.2	0.0	0.0
Net actuarial gains (loss) recognized during the year, tax	2.6	(4.9)	0.0	23.2
Net actuarial (gains) losses occurring during the year, tax	0.0	1.1	0.0	2.0
Net actuarial (gains) losses recognized due to settlement, tax	0.0	1.1	0.0	(0.4)
Acquired benefit plans and other, tax	0.0	0.0	0.0	0.0
Currency impact, tax	0.1	(1.3)	0.0	(0.4)
Foreign exchange forward contracts
Foreign currency hedges, tax	0.0	0.0	0.0	0.0
Interest rate swap
Net income (loss) recognized in other comprehensive income, tax	0.0	0.0	0.7	3.4
Reclassification adjustments for amounts recognized in net income (loss), tax	$ 0.0	$ 0.0	$ 0.1	$ 0.8

CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions

Total

Total Diebold Nixdorf, Incorporated Shareholders' Equity

Common Shares

Additional Capital

Retained Earnings

Treasury Shares

Accumulated Other Comprehensive Income (Loss)

Equity Warrants

Non-controlling Interests

Balance (shares) at Dec. 31, 2020

93.5

Balance at Dec. 31, 2020

$ (831.7)

$ (827.1)

$ 116.9

^[1]

$ 787.9

$ (742.3)

$ (576.7)

$ (412.9)

$ 0.0

$ (4.6)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income (loss)

(78.1)

(78.8)

0.7

Other comprehensive income

35.0

34.4

0.6

Share-based compensation issued (in shares)

1.1

Share-based compensation issued

0.1

$ 1.4

^[1]

(1.3)

Share-based compensation expense

13.8

Treasury shares

(5.4)

Reclassification to redeemable noncontrolling interest

31.9

19.2

12.7

Distribution noncontrolling interest holders, net

(2.6)

(1.3)

Balance (shares) at Dec. 31, 2021

94.6

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)

(4.2)

Other comprehensive income

24.4

18.5

5.9

Share-based compensation issued (in shares)

1.2

Share-based compensation issued

0.0

$ 1.5

^[1]

(1.5)

Share-based compensation expense

13.4

Treasury shares

(3.5)

Distribution noncontrolling interest holders, net

(2.9)

Equity warrants

20.1

Balance (shares) at Dec. 31, 2022

95.8

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)

1,357.5

1,358.3

(0.8)

Other comprehensive income

32.3

40.0

(7.7)

Share-based compensation issued (in shares)

1.2

Share-based compensation issued

(0.1)

$ 1.4

^[1]

(1.5)

Share-based compensation expense

2.4

Treasury shares

(0.8)

Acceleration of Predecessor equity awards

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)

$ (121.2)

^[1]

(835.2)

48.4

586.4

(20.1)

Elimination of accumulated other comprehensive income (loss)

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

$ 0.4

^[1]

1,038.6

Balance (shares) at Aug. 12, 2023

37.6

Balance at Aug. 12, 2023

1,052.9

1,039.0

$ 0.4

^[1]

1,038.6

0.0

13.9

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income (loss)

19.1

17.8

1.3

Other comprehensive income

7.8

7.6

0.2

Share-based compensation expense

0.1

Distribution noncontrolling interest holders, net

(0.7)

Balance (shares) at Dec. 31, 2023

37.6

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

[1]	Successor Common Stock par value is $0.01, and the Predecessor Common Stock par value is $1.25.

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares shares in Millions	7 Months Ended	12 Months Ended
	Aug. 12, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Treasury shares	0.3	0.4	0.4
Common shares, par value (in dollars per share)		$ 1.25

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	5 Months Ended	7 Months Ended	12 Months Ended
	Dec. 31, 2023	Aug. 12, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flow from operating activities
Net income (loss)	$ 19.1	$ 1,357.5	$ (585.6)	$ (78.1)
Adjustments to reconcile net loss to cash provided (used) by operating activities:
Depreciation and amortization	59.0	35.5	56.4	70.9
Amortization of Wincor Nixdorf purchase accounting intangible assets	0.0	41.8	69.6	78.2
Amortization of deferred financing costs into interest expense	0.9	21.8	15.5	17.3
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	13.4	13.8
Net pension settlements	0.0	0.0	10.1	0.0
Other	0.0	0.0	3.1	0.0
Loss (gain) on sale of assets, net	(1.0)	1.2	(5.1)	3.1
Impairment of assets	1.2	3.3	111.8	1.3
Deferred income taxes	(43.2)	79.8	92.9	(12.6)
Changes in certain assets and liabilities
Trade receivables	(101.6)	9.9	(49.4)	16.4
Inventories	150.8	(98.1)	(74.5)	(84.8)
Sales tax and net value added tax	31.9	(38.1)	17.5	(15.2)
Income taxes	16.3	(26.0)	2.0	(5.3)
Accounts payable	75.0	(140.4)	(66.5)	241.4
Deferred revenue	(43.2)	(51.0)	140.6	(9.1)
Accrued salaries, wages and commissions	(1.0)	33.0	(72.5)	(19.4)
Restructuring accrual	(3.8)	(30.2)	9.4	(25.4)
Accrued interest	3.2	20.9	(52.5)	1.7
Warranty liability	0.8	(3.4)	(7.3)	0.3
Pension and other post-retirement benefits	1.9	2.0	(19.5)	(13.0)
Certain other assets and liabilities	(4.0)	12.6	2.7	(58.2)
Net cash provided (used) by operating activities	162.4	(419.4)	(387.9)	123.3
Cash flow from investing activities
Proceeds from divestitures, net of cash divested	0.0	0.0	10.5	1.1
Proceeds from maturities of investments	129.0	153.2	414.1	287.7
Payments for purchases of investments	(129.5)	(141.0)	(401.3)	(288.4)
Proceeds from sale of assets	0.0	0.0	6.0	1.7
Capital expenditures	(9.8)	(15.1)	(24.4)	(20.2)
Capitalized software development	(9.8)	(13.1)	(28.7)	(31.1)
Net cash provided (used) by investing activities	(20.1)	(16.0)	(23.8)	(49.2)
Cash flow from financing activities
Debt issuance costs	0.0	(5.1)	(15.7)	0.0
Debt prepayment costs	0.0	0.0	0.0	0.0
Revolving credit facility borrowings, net	0.0	0.0	121.0	0.9
Repayment of ABL credit agreement	0.0	(188.3)	0.0	0.0
Receipt of DIP financing	0.0	1,250.0	0.0	0.0
Borrowings - FILO	0.0	58.9	0.0	0.0
Repayments - FILO	0.0	(58.9)	0.0	0.0
Repayment of superpriority term loan	0.0	(400.6)	0.0	0.0
Other debt borrowings	5.0	4.4	386.1	11.2
Other debt repayments	(6.7)	(2.5)	(131.0)	(19.4)
Debt make whole premium	0.0	(91.0)	0.0	0.0
(Distributions to) / Contributions from noncontrolling interest holders	0.0	0.0	(2.8)	11.4
Other	(2.3)	(3.4)	(7.8)	(7.7)
Net cash provided (used) by financing activities	(4.0)	563.5	349.8	(3.6)
Effect of exchange rate changes on cash and cash equivalents	1.1	2.9	(8.2)	(5.7)
Change in cash, cash equivalents and restricted cash	139.4	131.0	(70.1)	64.8
Add: Cash included in assets held for sale at beginning of period	0.7	2.8	3.1	2.7
Less: Cash included in assets held for sale at end of period	0.0	0.7	2.8	3.1
Cash, cash equivalents and restricted cash at the beginning of the period	452.2	319.1	388.9	324.5
Cash, cash equivalents and restricted cash at the end of the period	592.3	452.2	319.1	388.9
Cash paid for
Income taxes	21.4	25.2	33.1	42.3
Interest	$ 52.7	$ 74.7	$ 231.6	$ 175.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

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) included herein 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 (as defined in 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 balance sheets as of December 31, 2022, and consolidated statements of operations for the twelve months ended December 31, 2022 and 2021, and for the period from January 1, 2023 through and including the adjustments from the application of Fresh Start Accounting on August 11, 2023 (Predecessor Period). References to “Successor” relate to the consolidated balance sheet of the reorganized Company as of December 31, 2023 and consolidated statements of operations for the period from August 12, 2023 through December 31, 2023 (Successor Period) 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. In addition, Note 3 – Fresh Start Accounting provides a summary of the consolidated balance sheets as of August 11, 2023 in the first column, and then presents adjustments to reflect the Plans and fresh start impacts to derive the opening Successor consolidated balance sheets as of August 12, 2023. 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, inventories, goodwill, intangible assets, other long-lived assets, legal contingencies, guarantee obligations and assumptions used in the calculation of income taxes, pension and other post-retirement benefits and customer incentives, among others. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors. Management monitors the economic condition and other factors and will adjust such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates.

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

International Operations. The financial statements of the Company’s international operations are measured using local currencies as their functional currencies, with the exception of financial results from Argentina, Singapore, El Salvador, and Switzerland, which have a functional currency other than local currency. These operations used either United States dollar (USD) or euro as their functional currency depending on the concentration of USD or euro transactions and distinct financial information. The Company translates the assets and liabilities of its non-U.S. subsidiaries at the exchange rates in effect at year end and the results of operations at the average rate throughout the year. The translation adjustments are recorded directly as a separate component of 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, 2023, the Company had no current assets and liabilities held for sale. As of December 31, 2022, the Company had $7.9 and $6.8 of current assets and liabilities held for sale, respectively, primarily related to non-core businesses in Europe.

Revenue Recognition. Refer to Note 23 of the consolidated financial statements.

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. See Note 3 for additional information.

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 charged or credited to operations.

Advertising Costs. Advertising costs are expensed as incurred and were $3.5, $4.6, $8.5 and $7.1 for the Successor Period from August 12, 2023 to December 31, 2023, the Predecessor Period from January 1, 2023 to August 11, 2023, and the years ended 2022 and 2021, respectively.

Research, Development and Engineering. Research, development and engineering costs are expensed as incurred and were $34.4, $62.3, $120.7 and $126.3 for the Successor Period from August 12, 2023 to December 31, 2023, the Predecessor Period from January 1, 2023 to August 11, 2023, and the years ended December 31, 2022 and 2021, respectively. This excludes certain software development costs of $9.8, $13.1 $28.7, and $31.1 in for the period from August 12, 2023 to December 31, 2023, the period from January 1, 2023 to August 11, 2023, and the years ended December 31, 2022 and 2021, 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 $42.1 and $11.7 of restricted cash at December 31, 2023 and 2022, respectively. Refer to Note 22 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 technique						Description
Market approach						Prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.
Cost approach						Amount that would be required to replace the service capacity of an asset (replacement cost).
Income approach						Techniques 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 level						Description
Level 1						Unadjusted 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 2						Unadjusted 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 3						Unobservable 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 of the consolidated financial statements) 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 21 of the consolidated financial statements 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. After all efforts at collection have been unsuccessful, the account is deemed uncollectible and is written off.

The following table summarizes the Company’s allowances for doubtful accounts:


	Successor		Predecessor
	Period from 08/12/2023 through 12/31/2023		Period from 01/01/2023 through 08/11/2023		Years ended December 31,
					2022		2021
Beginning balance	$	—	$	34.5	$	35.3	$	37.5
Charged to costs and expenses	8.0		16.6		14.0		9.8
Charged to other accounts (1)	(0.2)		(0.3)		(0.1)		—
Deductions (2)	(4.2)		(14.7)		(14.7)		(12.0)
Fresh Start adjustment	—		(36.1)		—		—
Ending balance	$	3.6	$	—	$	34.5	$	35.3

(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 also rationalizes its product offerings and will 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 of the consolidated financial statements). Goodwill in the Predecessor Period is the cost in excess of the net assets of acquired businesses (refer to Note 10 of the consolidated financial statements).

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.

Noncontrolling interests with redemption features, such as put rights, that are not solely within the Company’s control are considered redeemable noncontrolling interests. Redeemable noncontrolling interests are presented outside of equity on the Company's consolidated balance sheets. The balance of redeemable noncontrolling interests is reported at the greater of its carrying value or its maximum redemption value at each reporting date.

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, 2023. The Company engages in transactions with these entities in the ordinary course of business. As of December 31, 2023, the Company had accounts receivable and accounts payable balances with these affiliates of $13.0 and $24.2, respectively, which is included in trade receivables, less allowances for doubtful accounts and accounts payable, respectively, on the consolidated balance sheets.

Recently Adopted Accounting Guidance

In August 2018, the FASB issued guidance on a company's accounting for implementation fees paid in a cloud computing service contract arrangement that addresses which implementation costs to capitalize as an asset and which costs to expense. Capitalized implementation fees are to be 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. The entity is also required to present the capitalized implementation fees on the balance sheet in the same line item as it would present a prepayment for hosting service fees associated with the cloud computing arrangement. Cash payments for cloud computing arrangements (CCA) implementation costs are classified as cash outflows from operating activities.

The effects of the adoption of the ASUs listed below did not significantly impact the Company's financial statements:

Standards Adopted

Description

Effective
Date

ASU 2022-04 Liabilities-Supplier Finance Programs

This Accounting Standard Update (ASU) improves the transparency of financial reporting by adding requirements for disclosures related supplier finance programs. The adoption of this ASU did not have a significant impact on the Company's consolidated financial statements.

January 1, 2023

Recently Issued Accounting Guidance

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

Standards Pending Adoption

Description

Effective/Adoption Date

Anticipated Impact

ASU 2020-04 Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting

The standard provides optional expedients and exceptions for applying GAAP to contracts, hedges and other transaction that will be impacted by reference rate reform.

March 12, 2020 through December 31, 2024

The 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 2022-06 Reference Rate Reform (Topic 848) - Deferral of the Sunset Date of Topic 848

The standard defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024.

December 31, 2024

The Company does not expect this ASU will have a significant impact on its consolidated financial statements.

ASU 2023-09 Income Taxes (Topic 740) - Improvements to Income Tax Disclosures

The 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, 2025

The 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.

CHAPTER 11 CASES AND DUTCH SCHEME PROCEEDINGS, ABILITY TO CONTINUE AS GOING CONCERN AND OTHER RELATED MATTERS

12 Months Ended

Dec. 31, 2023

Reorganizations [Abstract]

CHAPTER 11 CASES AND DUTCH SCHEME PROCEEDINGS, ABILITY TO CONTINUE AS GOING CONCERN AND OTHER RELATED MATTERS

Voluntary Reorganization

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 and, together with the Chapter 11 Cases, the Restructuring 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 (the Confirmation 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.

The following is a summary of the material provisions of the U.S. Plan, as confirmed by the U.S. Bankruptcy Court pursuant to the Confirmation Order, and the WHOA Plan (as applicable), as sanctioned by the Dutch Court, and are qualified in its entirety by reference to the full text of the Plans (including the Plan Supplement). Capitalized terms used but not defined in the following "Treatment of Claims" section have the meanings set forth in the U.S. Plan.

Treatment of Claims

The following is a high-level summary of the treatment of claims and interests under the Plans (as applicable), which is qualified in its entirety by the terms of the Plans (as applicable):

•Holders of Other Secured Claims. Each holder of allowed Other Secured Claims received, at the Company’s option: (a) payment in full in cash; (b) the collateral securing its secured claim; (c) reinstatement of its secured claim; or (d) such other treatment rendering its secured claim unimpaired in accordance with section 1124 of the U.S. Bankruptcy Code.

•Holders of Other Priority Claims. Each holder of allowed Other Priority Claims received, at the Company’s option: (a) payment in full in cash; or (b) such other treatment rendering its other priority claim unimpaired in accordance with section 1124 of the U.S. Bankruptcy Code.

•Holders of ABL Facility Claims. Prior to the Effective Date, allowed ABL Facility Claims were paid in full and any letters of credit were cash collateralized.

•Holders of Superpriority Term Loan Claims. Prior to the Effective Date, allowed Superpriority Term Loan Claims were paid in full.

•Holders of First Lien Claims. On the Effective Date, each holder of allowed First Lien Claims received its pro rata share of 98% of the reorganized Company’s new common equity interests (the New Common Stock) available for distribution to certain creditors under the Plans, which is subject to dilution on account of (a) the issuance of the New Common Stock (the Additional New Common Stock) as premiums in consideration for commitments with respect to the Debtors’ $1,250.0 debtor-in-possession term loan credit facility (the DIP Facility) and (b) a new management incentive plan implemented in connection with the Chapter 11 Cases pursuant to which 6% of the number of shares of New Common Stock issued pursuant to the U.S. Plan on a fully diluted basis (the MIP Shares) were reserved for issuance to management as determined by the reorganized Company’s new Board of Directors.

•Holders of Second Lien Notes Claims. On the Effective Date, each holder of allowed Second Lien Notes Claims received its pro rata share of 2% of the New Common Stock available for distribution to creditors under the Plans, which is subject to dilution on account of (a) the issuance of certain of the Additional New Common Stock and (b) the MIP Shares.

•Holders of 2024 Stub Unsecured Notes Claims. On the Effective Date, each holder of allowed 2024 Stub Unsecured Notes Claims received its pro rata share of an amount of a $3.5 cash distribution, which provided such holder with the same percentage recovery on its allowed 2024 Stub Unsecured Notes Claim that a holder of an allowed Second Lien Notes Claim received in respect of its allowed Second Lien Notes Claim (as diluted on account of the Additional New Common Stock, as applicable) under the U.S. Plan based upon the midpoint of the equity value of the New Common Stock as set forth in the Disclosure Statement approved in the Chapter 11 Cases (the Disclosure Statement).

•Holders of General Unsecured Claims. On the Effective Date, each allowed General Unsecured Claim was reinstated and paid in the ordinary course of business in accordance with the terms and conditions of the particular transaction or agreement giving rise to such allowed general unsecured claim.

•Holders of Section 510(b) Claims. On the Effective Date, claims subject to section 510(b) of the U.S. Bankruptcy Code were either extinguished, cancelled and discharged, and holders thereof received no distributions from the Debtors in respect of their claims.

•DNI Equity Holders. Each holder of an equity interest in Diebold Nixdorf, Incorporated had such interest extinguished, cancelled and discharged without any distribution.

The Exit Credit Agreement

On the Effective Date, the Company, as borrower, entered into a new credit agreement (the Exit Credit Agreement) governing its $1,250.0 senior secured loan credit facility (the Exit Facility) along with certain financial institutions party thereto, as 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 senior secured superpriority debtor-in-possession term loan credit facility (the 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.

The Company may repay the loans under the Exit Facility at any time; provided that certain repayments of the loans made on or prior to February 11, 2025 with the proceeds of certain types of indebtedness must be accompanied by a premium of either 1.00% or 5.00% of the principal amount of the loans repaid. The amount of the premium is based on the type of indebtedness incurred to repay the loans. Amounts borrowed and repaid under the Exit Facility may not be reborrowed.

The Exit Facility will mature on August 11, 2028.

The obligations of the Company under the Exit Facility are guaranteed by certain subsidiaries of the Company that are organized in the United States (the Guarantors). The Exit Facility and related guarantees are secured by perfected senior security interests and liens on substantially all assets of the Company and each Guarantor.

Loans under the Exit Facility bear interest at an adjusted secured overnight financing rate with a one-month tenor rate plus 7.50% per annum or an adjusted base rate plus 6.50% per annum.

The Exit 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.

Registration Rights Agreement

On the Effective Date, the Company entered into a registration rights agreement (the Registration Rights Agreement) with certain parties (together with any person or entity that becomes a party to the Registration Rights Agreement, the Holders) that received shares of the New Common Stock on the Effective Date as provided in the Plans. The Registration Rights Agreement provides Holders with registration rights for the Holders’ Registrable Securities (as defined in the Registration Rights Agreement).

Pursuant to the Registration Rights Agreement, the Company was required to file a Resale Shelf Registration Statement (as defined in the Registration Rights Agreement) with respect to the Registrable Securities within 90 calendar days of the Effective Date. The Company filed the Resale Shelf Registration Statement on November 9, 2023 and it was declared effective by the Securities and Exchange Commission on November 20, 2023. Subject to certain exceptions, the Company is required to use commercially reasonable efforts maintain the effectiveness of any such registration statement until the date on which all Registrable Securities registered thereunder are no longer Registrable Securities.

In addition, specified Holders have the right to demand that the Company effect the registration of any or all of the Registrable Securities (a Demand Registration) and/or effectuate the distribution of any or all of their Registrable Securities by means of an underwritten shelf takedown offering. The Company is not obligated to effect more than five Demand Registrations or more than four underwritten shelf takedown offerings and it need not comply with such a request unless the aggregate gross proceeds from such a sale will exceed specified thresholds and other conditions are met. The Company will not be obligated to effect an underwritten shelf takedown within 180 days after the consummation of a previous underwritten shelf takedown or Demand Registration.

Holders also have customary piggyback registration rights, subject to the limitations set forth in the Registration Rights Agreement.

These registration rights are subject to certain conditions and limitations, including the right of the underwriters to limit the number of shares to be included in a registration statement and the Company’s right to delay or withdraw a registration statement under certain circumstances. The Company will generally pay all registration expenses in connection with its obligations under the Registration Rights Agreement, regardless of whether a registration statement is filed or becomes effective. The registration rights granted in the Registration Rights Agreement are subject to customary indemnification and contribution provisions, as well as customary restrictions such as blackout periods.

Share-Based Compensation

As discussed above, on the Effective Date, the then existing common shares of the Predecessor were canceled and the New Common Stock 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.

Management Incentive Plan

Pursuant to the U.S. Plan, the reorganized Company adopted a new management incentive plan (the MIP). The U.S. Plan contemplates that 6% of the New Common Stock, on a fully diluted basis, is reserved for issuance in connection with the MIP. See Note 5 for further detail regarding share-based compensation and equity.

Conversion to Delaware Corporation

Pursuant to the U.S. Plan as and part of the Restructuring Proceedings, the Company was reincorporated as a Delaware corporation.

Going Concern Assessment

The Company's consolidated financial statements included herein have been prepared using the going concern basis of accounting, which contemplates continuity of operations, realization of assets, and satisfaction of liabilities in the normal course of business. As discussed above, commencing June 1, 2023, the Debtors and the Dutch Scheme Parties were operating as debtors in possession under the supervision and jurisdiction of the U.S. Bankruptcy Court and the Dutch Court until the Effective Date, when the U.S. Plan and the WHOA Plan became effective in accordance with their terms and the Debtors and Dutch Scheme Parties emerged from the Chapter 11 Cases and Dutch Scheme Proceedings.

Prior to and during the pendency of the Chapter 11 Cases and Dutch Scheme Proceedings, the Company’s ability to continue as a going concern was subject to a high degree of risk and uncertainty until the Plans were confirmed and became effective. As a result of the U.S. Plan and the WHOA Plan becoming effective on the Effective Date, the Company believes that it has the ability to meet its obligations for at least one year from the date of the issuance of this Form 10-K and that there is no longer substantial doubt about the Company’s ability to continue as a going concern.

Liabilities Subject to Compromise

During the pendency of the Chapter 11 Cases and Dutch Scheme Proceedings, prepetition liabilities of the Debtors and Dutch Scheme Parties subject to compromise under the Restructuring Proceedings were distinguished from liabilities that were not expected to be compromised and post-petition liabilities in our condensed consolidated balance sheets. Liabilities subject to compromise were recorded at the amounts expected to be allowed by the U.S. Bankruptcy Court. See Note 3 for a listing of liabilities subject to compromise immediately prior to the effectiveness of the Plans.

The contractual interest expense on Debt that was classified as subject to compromise was in excess of recorded interest expense by $67.5 for the period January 1, 2023 through August 11, 2023, respectively. This excess contractual interest was not recorded as interest expense on the Predecessor's Condensed Consolidated Statements of Operations, as we had discontinued accruing interest on this debt and discontinued making interest payments beginning on June 1, 2023 in connection with filing of the plans. See Note 13 for further detail regarding Debt subject to compromise.

Reorganization Items, Net

The income, expenses, gains and losses directly and incrementally resulting from the Chapter 11 Cases and Dutch Scheme Proceedings are separately reported as Reorganization items, net in our consolidated statement of operations.

Reorganization items, net consisted of the following:


	Successor		Predecessor
	Period from 08/12/2023 through 12/31/2023		Period from 01/01/2023 through 08/11/2023
Gain on settlement of liabilities subject to compromise (non-cash)	$	—	$	1,570.5
Fresh start valuation adjustments (non-cash)	—		686.7
Professional fees (cash)	(17.1)		(38.7)
Unamortized debt issuance costs (non-cash)	—		(124.6)
DIP premium (non-cash)	—		(384.4)
Debt make-whole premium (cash)	—		(91.0)
Lease rejection damage claim (cash)	—		(3.8)
Other (non-cash)	—		(0.6)
Total Reorganization items, net	$	(17.1)	$	1,614.1

Cash paid for Reorganization items, net was $36.9 and $107.2 for the Successor Period from August 12, 2023 through December 31, 2023 and the Predecessor Period of January 1, 2023 through August 11, 2023, respectively.

FRESH START ACCOUNTING

Fresh Start Accounting

As discussed in Note 1, 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 its consolidated financial statements of the Predecessor.

Reorganization Value

The Successor determined a value to be assigned to the equity of the emerging entity as of the date of adoption of Fresh Start Accounting. The Disclosure Statement approved in the Chapter 11 Cases (the Disclosure Statement) included a range of enterprise values between $2,150.0 and $2,450.0. The Company engaged third-party valuation advisors to assist in determining a point estimate of enterprise value within the range and the allocation of enterprise value to the assets and liabilities for financial reporting purposes based on management’s latest outlook as of the Effective Date. The Company deemed it appropriate to use an enterprise value of $2,150.0 for financial reporting.

The following table reconciles the enterprise value to the estimated fair value of the Successor common stock as of the Fresh Start Reporting Date:


Enterprise value	$	2,150.0
Plus: Excess cash available for operations	206.1
Less: Fair value of Exit Facility	(1,250.0)
Less: Net pension, post-retirement and other benefits liability	(39.3)
Less: Other debt	(13.9)
Less: Noncontrolling interests	(13.9)
Fair Value of Successor Equity	$	1,039.0

The following table reconciles the enterprise value to the reorganization value of the Successor’s assets to be allocated to the Company’s individual assets as of the Fresh Start Reporting Date:


Enterprise value	$	2,150.0
Plus: Excess cash available for operations	206.1
Less: Net pension, post-retirement and other benefits liability	(39.3)
Plus: Fair value of non-debt current liabilities	1,398.3
Plus: Fair value of non-debt, non-current liabilities	225.0
Plus: Deferred income taxes, non-current	238.5
Reorganization Value of Successor's Assets to be Allocated	$	4,178.6

The discounted cash flow (DCF) method, a form of the income approach, was relied upon to validate the selected enterprise value of the Company within the range established within the Disclosure Statement, as well as to allocate the resulting consolidated enterprise value between the Company’s two reporting units. The DCF method is a multiple period discounting model in which the value of an entity is determined based on the present value of its expected future economic benefits. For purposes of our analysis, we used free cash flow, defined as the earnings available for distribution to an entity’s investors after consideration of the cash reinvestment required to support the Company’s continued operations and future growth. Conceptually, free cash flow as defined above is the amount that could be paid to investors without impairing an entity’s current or future operations.

The expected cash flows for the period from August 12, 2023 through December 31, 2023 and for the years ending December 31, 2024 through 2028 were based on the financial projections and assumptions utilized as an input to determining the range of enterprise values in the Disclosure Statement. The expected cash flows beyond this period were based on long-term profitability and growth expectations. A terminal value was included, based on the cash flows of the final year of the discrete forecast period.

Discount rates of 19.0% and 19.0% were estimated for the Company’s Banking and Retail reporting units, respectively, based on an after-tax weighted average cost of capital (WACC) reflecting the rate of return that would be expected by a market participant. The WACC also takes into consideration a company specific risk premium reflecting the risk associated with the financial projections used to estimate future cash flows. These discount rates were also compared to the consolidated internal rate of return (IRR) of 18.9% to assess reasonableness. The IRR is the rate of return that equates the present value of the expected consolidated cash flows to the enterprise value relied upon within the range established in the Disclosure Statement.

The enterprise value and corresponding equity value are dependent upon achieving the future financial results set forth in our projections. All estimates, assumptions, valuations and financial projections, including the fair value adjustments, the enterprise value and equity value projections, are inherently subject to uncertainties and the resolution of contingencies beyond our control.

Accordingly, there cannot be assurance that the estimates, assumptions, valuations or financial projections will be realized, and actual results could vary materially.

Valuation Process

The Company estimated the fair values of the Company’s principal assets, including inventory, property, plant, and equipment, and intangible assets as well as the Company’s lease liabilities and the Exit Facility.

Inventory

The replacement value of the Company’s raw materials inventory was considered as its fair value. The comparative sales method was employed to estimate the fair value of the Company’s work-in-process and finished goods inventory. The comparative sales method utilizes the expected selling price of the inventory items as the base inventory value amount. This amount is then adjusted downward for costs and expenses associated with the time and effort that would be required to dispose of the inventory and a reasonable profit.

Property, plant, and equipment

Personal Property

Personal property consisted of machinery, tools, equipment, furniture and fixtures, leasehold improvements, computer and equipment, and construction in progress. The cost approach was primarily utilized for the Company's personal property. This approach considers the amount required to construct or purchase a new asset of equal utility at current prices, with adjustments in value for physical deterioration, and functional and economic obsolescence. Physical deterioration is an adjustment made in the cost approach to reflect the real operating age of an asset with regard to wear and tear, decay and deterioration that is not prevented by maintenance. Functional obsolescence is the loss in value or usefulness of an asset caused by inefficiencies or inadequacies of the asset, as compared to a more efficient or less costly replacement asset with newer technology. Economic obsolescence is the loss in value or usefulness of an asset due to factors external to the asset, such as the economics of the industry, reduced demand, increased competition or similar factors.

Land and Building Improvements

The valuation of land, land improvements, buildings and building improvements was performed using either the cost, income capitalization or sales comparison approach, depending on the nature of the asset. The cost approach was utilized for the Company’s owned industrial facilities. The income capitalization approach was used to value the Company’s interests in an industrial complex. The income capitalization approach measures the value of a property by calculating the present value of the future economic benefits associated with the property. The sales comparison approach was used for certain owned vacant land and relies upon recent sales or similar offerings to arrive at a probable selling price.

Intangible Assets

Tradenames and Trademarks and Technology / Know-How Assets

The relief from royalty method was relied upon to value the trade names and trademarks and technology / know-how assets. The relief from royalty analysis is comprised of two major steps: (i) a determination of an appropriate royalty rate, and (ii) the subsequent application of the royalty rate to projected revenue. In determining an appropriate royalty rate, the Company considered comparable license agreements, an excess earnings analysis to determine aggregate intangible asset earnings, and other qualitative factors.

The key assumptions used to estimate the fair value of the Company’s trade names and trademarks and technology/ know-how assets included forecasted revenues, the royalty rate, the tax rate and the discount rate. The relief from royalty method was relied upon for these valuations. The relief from royalty method measures the benefit of owning an intangible asset as the “relief” from the royalty expense that would otherwise be incurred by licensing the asset from a third party. It assumes that if the Company did not own the intangible asset, then it would be willing to pay a royalty for its use. This method is most commonly used for readily transferable intangible assets that have licensing appeal, such as intellectual property.

Customer Relationship and Backlog Assets

The customer relationships and backlog assets were valued using the multi-period excess earnings method, a variation of the income approach. For the customer relationship assets, revenues attributable to customer assets were determined and an attrition rate based on historical customer trends was applied to estimate the expected decline anticipated from the existing customer population. The cash flows attributable to the customer relationships and backlog assets were also determined by applying appropriate costs and contributory asset charges then adjusted using a discount rate that is commensurate with the risk inherent in the customer-related intangible assets. The key

assumptions used to estimate the fair value of the customer-related assets included forecasted revenues, attrition rates, profit margins, contributory asset charges, the tax rate and the discount rate.

Joint ventures

To estimate the value of the joint ventures, the DCF method was employed to determine the enterprise value of these entities. Adjustments for cash and cash equivalents and interest-bearing debt were made to enterprise value to calculate each entity’s equity value. The application of a discount for lack of control was also considered. Lastly, the concluded equity value was adjusted for the Company’s ownership interest.

Lease liabilities and right of use assets

Lease liabilities were estimated as the present value of the remaining lease payments. The Company estimated an incremental borrowing rate and used it as the discount rate in the analysis. Right of use asset values were estimated by adjusting the lease liability estimates with estimates of off-market value of leases. Off-market (or above/below market) value was estimated as the present value of the differential between contract rates and market rates over the remaining term of a lease.

Exit Facility

To estimate the value of the Exit Facility, a DCF method was employed. The fair value of the Exit Facility was estimated by analyzing the expected cash flows and discounting such cash flows at a rate of return that reflects the time value of money and credit risk of the Company. The credit risk of the Company was determined via a synthetic credit rating analysis, and the concluded discount rate was determined by analyzing comparable corporate debt instruments and their observed market yields.

Noncontrolling interests

To estimate the value of the non-controlling interests, the DCF method was employed to determine the enterprise value of these entities. Adjustments for cash and cash equivalents and interest-bearing debt were made to enterprise value to calculate each entities’ equity value. The application of a discount for lack of control was also considered. Lastly, the concluded equity value was adjusted for the non-controlling interest’s ownership position.

Consolidated Balance Sheet

The adjustments included in the following fresh start condensed consolidated balance sheet reflect the effects of the transactions contemplated by the Plans and executed by the Company on the Fresh Start Reporting Date (reflected in the column “Reorganization Adjustments”), and fair value and other required accounting adjustments resulting from the adoption of Fresh Start Accounting (reflected in the column “Fresh Start Accounting Adjustments”). The explanatory notes provide additional information and significant assumptions with regard to the adjustments recorded and the methods used to determine the fair values.


	Predecessor		Reorganization Adjustments		(1)	Fresh Start Accounting Adjustments			Successor
	August 11, 2023								August 12, 2023
ASSETS
Current assets
Cash and cash equivalents	$	404.9	$	(13.5)	(2)	$	—		$	391.4
Restricted cash	60.8		—			—			60.8
Short-term investments	13.9		—			—			13.9
Trade receivables, less allowances for doubtful accounts	623.9		—			—			623.9
Inventories	712.8		—			32.8		(17)	745.6
Prepaid expenses	49.1		(3.5)		(3)	—			45.6
Current assets held for sale	9.9		—			—			9.9
Other current assets	247.8		—			—			247.8
Total current assets	2,123.1		(17.0)			32.8			2,138.9
Securities and other investments	7.0		—			—			7.0


Property, plant, and equipment, net of accumulated depreciation and amortization	120.3		—			46.2		(18)	166.5
Deferred income taxes	—		70.3		(4)	(10.8)		(19)	59.5
Goodwill	714.3		—			(93.3)		(20)	621.0
Customer relationships, net	176.1		—			378.2		(21)	554.3
Other intangible assets, net	45.1		—			320.0		(22)	365.1
Other assets	256.8		—			9.5		(23)	266.3
Total assets	$	3,442.7	$	53.3		$	682.6		$	4,178.6
LIABILITIES AND EQUITY
Current liabilities
Notes payable	$	1,254.9	$	(1,250.0)	(5)	$	—		$	4.9
Accounts payable	461.0		—			—			461.0
Deferred revenue	421.0		—			—			421.0
Payroll and other benefits liabilities	159.2		(0.1)		(6)	—			159.1
Current liabilities held for sale	10.2		—			0.7		(24)	10.9
DIP facility premium	384.4		(384.4)		(7)	—			—
Other current liabilities	343.3		5.5		(8)	1.5		(25)	350.3
Total current liabilities	3,034.0		(1,629.0)			2.2			1,407.2
Long-term debt	4.2		1,248.7		(9)	0.8		(26)	1,253.7
Pensions, post-retirement and other benefits	102.3		—			(0.3)		(27)	102.0
Deferred income taxes	85.8		(26.4)		(4)	179.1		(19)	238.5
Other liabilities	120.3		—			4.0		(28)	124.3
Liabilities subject to compromise	2,232.4		(2,232.4)		(10)	—			—
Total liabilities	$	5,579.0	(2,639.1)			185.8			3,125.7

Equity
Diebold Nixdorf, Incorporated shareholders' equity
Predecessor common shares	121.2		(121.2)		(11)	—			—
Successor common stock	—		0.4		(12)	—			0.4
Paid-in capital; predecessor	832.3		(442.3)		(13)	(390.0)		(29)	—
Paid-in capital; successor	—		1,038.6		(14)	—			1,038.6
Retained earnings (accumulated deficit)	(2,204.8)		1,659.4		(15)	545.4		(29)	—
Treasury shares, at cost	(586.4)		586.4		(13)	—			—
Accumulated other comprehensive income (loss)	(320.0)		(8.8)		(16)	328.8		(29)	—
Equity warrants	20.1		(20.1)		(13)	—			—
Total Diebold Nixdorf, Incorporated shareholders' equity (deficit)	(2,137.6)		2,692.4			484.2			1,039.0
Noncontrolling interests	1.3		—			12.6		(30)	13.9
Total equity (deficit)	(2,136.3)		2,692.4			496.8			1,052.9
Total liabilities and equity (deficit)	$	3,442.7	$	53.3		$	682.6		$	4,178.6

Reorganization Adjustments

(1) Represent amounts recorded as of the Fresh Start Reporting Date for the implementation of the Plans, including, among other items, settlement of the Predecessor's liabilities subject to compromise, distributions of cash, conversion of the DIP Facility to the Exit Facility, and the issuance of the Successor common stock.

(2) Changes in cash and cash equivalents include the following:


Payment of interest on the DIP Facility	$	(1.8)
Payment to holders of the 2024 Stub Unsecured Notes Claims	(3.5)
Payment of lease rejection damages	(3.8)
Payment of professional fees	(4.4)
Net change in cash and cash equivalents	$	(13.5)

(3) Reflects the elimination of prepaid directors and officers insurance policies related to the Predecessor.

(4) Change in deferred tax assets and liabilities as a result of release of valuation allowance, partially offset by reduction of estimated tax attributes due to cancellation of debt.

(5) Represents the conversion of the DIP Facility to the Exit Facility and the reclassification of debt from current liabilities to non-current liabilities, based on the maturity of the debt.

(6) Reflects the acceleration and cancellation of unvested Predecessor stock compensation awards.

(7) Represents the issuance of Successor common stock to the settle the DIP Facility premiums.

(8) Changes in other current liabilities includes the following:


Accrual of professional fees	$	6.3
Accrual of German transfer tax	5.0
Accrual of deferred financing fees	1.3
Cancellation of unvested Predecessor stock compensation awards	(0.9)
Payment of interest on the DIP Facility	(1.8)
Payment of professional fees	(4.4)
Net change in other current liabilities	$	5.5

(9) Represents the conversion of the DIP Facility to the Exit Facility and the reclassification of debt from current liabilities to non-current liabilities ($1,250.0) and recording of deferred financing fees ($1.3), based on the maturity of the debt.

(10) Liabilities Subject to Compromise were settled in accordance with the Plans and the resulting gain was determined as follows:


Debt subject to compromise	$	2,160.5
Accrued interest on debt subject to compromise	68.1
Lease liability	3.8
Total liabilities subject to compromise	$	2,232.4

Less: Distribution of common stock to holders of First Lien Claims and Second Lien Notes Claims	(654.6)
Less: Payment to holders of the 2024 Stub Unsecured Notes Claims	(3.5)
Less: Payment of lease rejection damages	(3.8)
Gain on Settlement of Liabilities Subject to Compromise	$	1,570.5

(11) Represents the cancellation of Predecessor common shares at par value.

(12) Reflects the par value of Successor common stock issued to holders of the First Lien Claims and Second Lien Notes Claims ($0.3) and the DIP Facility premiums ($0.1), pursuant to the Plans.

(13) Change in Predecessor paid-in-capital reflect the following:


Cancellation of Predecessor common shares at par value	$	121.2
Cancellation of Predecessor equity warrants	20.1
Acceleration of the vesting of Predecessor equity awards upon the Effective Date	2.8
Cancellation of Predecessor treasury stock, at cost	(586.4)
Change in Predecessor paid-in-capital	$	(442.3)

(14) Represents paid in capital associated with the issuance of Successor common stock to holders of First Lien Claims and Second Lien Notes Claims ($654.3) and the DIP Facility premiums ($384.3), pursuant to the Plans.

(15) Net change in accumulated deficit includes the following:


Gain on Settlement of Liabilities Subject to Compromise	$	1,570.5
Net deferred tax impacts on the effectiveness of the Plans	96.7
Elimination of unvested Predecessor stock compensation awards (liability classified)	0.8
Accrual of professional fees	(6.3)
Elimination of prepaid directors and officers insurance policies related to the Predecessor	(3.5)
Acceleration of the vesting of Predecessor equity awards upon the Effective Date	(2.6)
Elimination of accumulated other comprehensive income related to interest rate swaps	8.8
Accrual of German transfer tax	(5.0)
Net change in accumulated deficit	$	1,659.4

(16) Represents the elimination of accumulated other comprehensive income related to interest rate swaps.

Fresh Start Accounting Adjustments

Amounts presented for "Predecessor Historical Value" represents the carrying value of the asset/liability prior to the implementation of the Plans.

(17) Reflects adjustments to inventory at its estimated fair value due to the adoptions of Fresh Start Accounting.


	Successor Fair Value		Predecessor Historical Value
Raw materials and work in process, net	$	226.4	$	232.7
Finished goods, net	347.3		308.2
Total product inventories	573.7		540.9

Service parts	171.9		171.9
Total inventories	$	745.6	$	712.8

(18) Changes in property, plant and equipment reflects the fair value adjustment due to the adoption of Fresh Start Accounting. The following table summarizes the components of property, plant, and equipment:


	Successor Fair Value		Predecessor Historical Value
Land and land improvements	$	21.5	$	10.4
Buildings and building improvements	42.3		70.5
Leasehold improvements	6.1		17.4
Computer equipment	16.1		105.1
Computer software	5.9		128.7
Furniture and fixtures	17.3		55.9
Tooling	11.1		137.5
Machinery, tools and equipment	32.4		83.4
Construction in progress	13.8		12.2
Total property, plant and equipment, at cost	166.5		621.1
Less accumulated depreciation and amortization	—		(500.8)
Total property, plant, and equipment, net	$	166.5	$	120.3

(19) Adjustments to deferred income taxes for changes in financial reporting basis of assets and liabilities as a result of the adoption of Fresh Start Accounting.

(20) Reflects adjustment to goodwill for the excess of the reorganization value of assets over the fair value of identifiable tangible and intangible assets.

(21) Changes in customer relationships reflects the fair value adjustment due to the adoption of Fresh Start Accounting.

(22) Changes in other intangible assets reflects the fair value adjustment due to the adoption of Fresh Start Accounting. The following table summarizes the components of other intangible assets:


	Successor Fair Value		Predecessor Historical Value

Capitalized software development	13.8		260.4
Development costs non-software	32.2		50.4
Tradenames and trademarks	118.6		—
Technology know-how	160.8		—
Other intangibles	39.7		51.8
Other intangible assets, at cost	365.1		362.6
Less accumulated amortization	—		(317.5)
Total intangibles, net	$	365.1	$	45.1

(23) Changes in other assets reflects fair value adjustments from implementation of Fresh Start Accounting. The following table summarizes the components of other assets:


	Successor Fair Value		Predecessor Historical Value
Cloud projects, at cost	19.9		25.6
Less accumulated depreciation and amortization	—		(5.3)
Cloud projects, net	19.9		20.3

Right-of-use operating lease assets	102.2		89.6
Right-of-use finance lease assets	8.7		7.9
Joint ventures	30.3		33.7
Pensions, post-retirement and other benefits	71.3		71.4

Other assets	33.9		33.9
Total other assets	$	266.3	$	256.8

(24) Reflects changes in the fair value of current liabilities held for sale due to the adoption of Fresh Start Accounting.

(25) Reflects changes in the fair value of operating lease liabilities ($0.8 increase) and finance lease liability ($0.7 increase) due to the adoption of Fresh Start Accounting.

(26) Reflects changes in the finance lease liabilities ($0.8 increase) due to the adoption of Fresh Start Accounting.

(27) Reflects the remeasurement adjustment to pensions, post-retirement benefits, and other benefits driven by changes in actuarial assumptions.

(28) Reflects changes in the fair value of operating lease liabilities ($6.2 increase) and other liabilities ($2.2 decrease) due to the adoption of Fresh Start Accounting.

(29) Reflects the cumulative impact of Fresh Start Accounting Adjustments discussed above and below and the elimination of Predecessor capital in excess of par value and Predecessor accumulated deficit.


Customer relationships, net	378.2
Other intangible assets	320.0
Other assets fair value adjustments	9.5
Property, plant and equipment	46.2
Inventories	32.8
Current Liabilities	(2.2)
Long-term debt	(0.8)
Pensions, post-retirement and other benefits	0.3
Other long-term liabilities	(4.0)
Goodwill	(93.3)
Fresh start valuation gain	$	686.7

Deferred income taxes	(189.9)
Fresh start valuation adjustment for noncontrolling interest	(12.6)
Elimination of Predecessor paid-in-capital	390.0
Elimination of Predecessor other comprehensive loss	(328.8)
Net Change in Accumulated Deficit	$	545.4

(30) Reflects the fair value adjustment to noncontrolling interests in certain consolidated subsidiaries.

FRESH START ACCOUNTING