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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Selected financial information for our reportable segments was as follows:
Three months ended June 30, 2025
20252024
Print and OtherIT Solutions
Corporate(1)
TotalPrint and OtherIT Solutions
Corporate(1)
Total
External revenue$1,366 $210 $— $1,576 $1,494 $84 $— $1,578 
Intersegment revenue(2)
— 3 — 3 — — — — 
Segment Revenue$1,366 $213 $— $1,579 $1,494 $84 $— $1,578 
Reconciliation to Segment Profit
Cost of sales(3)
$347 $127 $— $474 $337 $48 $— $385 
Cost of services, maintenance, rentals and other(4)
593 48 — 641 642 23 — 665 
Research, development and engineering expenses43 — — 43 50 — — 50 
Selling, administrative and general expenses(5)(6)
318 25 16 359 358 12 23 393 
Intersegment expense(7)
— 3 — 3 — — — — 
Segment profit$65 $10 $(16)$59 $107 $1 $(23)$85 
Depreciation$47 $— $— $47 $49 $— $— $49 
Interest income(8)
32 — — 32 38 — — 38 
Interest expense(4)
23 — — 23 29 — — 29 
Six months ended June 30,
20252024
Print and OtherIT Solutions
Corporate(1)
TotalPrint and OtherIT Solutions
Corporate(1)
Total
External revenue$2,660 $373 $— $3,033 $2,922 $158 $— $3,080 
Intersegment revenue(2)
— 4 — 4 — — — — 
Segment Revenue$2,660 $377 $— $3,037 $2,922 $158 $— $3,080 
Reconciliation to Segment Profit
Cost of sales(3)
$639 $212 $— $851 $636 $89 $— $725 
Cost of services, maintenance, rentals and other(4)
1,190 98 — 1,288 1,303 45 — 1,348 
Research, development and engineering expenses85 — — 85 99 — — 99 
Selling, administrative and general expenses(5)(6)
640 48 40 728 719 24 47 790 
Intersegment expense(7)
— 4 — 4 — — — — 
Segment profit$106 $15 $(40)$81 $165 $— $(47)$118 
Depreciation$97 $— $— $97 $98 $— $— $98 
Interest income(8)
65 — — 65 80 — — 80 
Interest expense(4)
45 — — 45 56 — — 56 
_____________
(1)Certain administrative and general expenses, which primarily relate to corporate functions, are not allocated to either of our operating/reportable segments.
(2)Intersegment revenue is primarily revenue from IT hardware, software solutions and services, sold by the IT Solutions segment to the Print and Other segment.
(3)As a result of the exit of certain production print manufacturing operations, Cost of sales and Cost of services, maintenance, rentals and other for the Print and Other Segment excludes inventory-related charges of $9 and $6 for the three months ended June 30, 2025 and 2024, respectively, and $16 and $38, for the six months ended June 30, 2025 and 2024, respectively, as well as the cancellation of related purchase contracts $1 and $2 for the three months ended June 30, 2025 and 2024, respectively, and $1 and $6 for the six months ended June 30, 2025 and 2024, respectively.
(4)Includes equipment financing interest expense associated with financing debt of the Company, which is fully allocated to the Print and Other segment in support of its Finance assets. No interest expense is allocated to the IT Solutions segment, as the segment has no financing debt.
(5)Selling, administrative and general expenses include bad debt expense related to the Print and Other segment of $15 and $10 for the three months ended June 30, 2025 and 2024, respectively, and $24 and $25 for the six months ended June 30, 2025 and 2024, respectively.
(6)The Print and Other segment excludes Reinvention costs of $3 and $0 for the three months ended June 30, 2025 and 2024, respectively, and $9 and $0 for the six months ended June 30, 2025 and 2024, respectively, as well as Transaction and related costs, net of $6 and $0 for the three months ended June 30, 2025 and 2024, respectively, and $9 and $0 for the six months ended June 30, 2025 and 2024, respectively.
(7)Intersegment expense primarily consists of costs related to the sale of IT hardware, software solutions and services by the IT Solutions segment, to the Print and Other segment.
(8)Reflects financing income, which is included in Services, maintenance, rentals and other in the Condensed Consolidated Statements of Loss. No interest income is allocated to the IT Solutions segment, as the segment has no finance assets.
Selected financial information for our reportable segments was as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Pre-tax (Loss)
Total Segment Profit$59 $85 $81 $118 
Restructuring and related costs, net(10)(12)(9)(51)
Amortization of intangible assets(10)(10)(20)(20)
Reinvention-related costs(3)— (9)— 
Transaction-related costs(6)— (9)— 
Inventory-related impact - exit of certain production print manufacturing operations(1)
(10)(8)(17)(44)
Divestiture— 3 4 (51)
Other expenses, net(80)(33)(148)(77)
Total Pre-tax (loss)$(60)$25 $(127)$(125)
Depreciation and Amortization
Total reported segments$47 $49 $97 $98 
Amortization of intangible assets10 10 20 20 
Total Depreciation and amortization$57 $59 $117 $118 
Interest Expense
Total reported segments$23 $29 $45 $56 
Corporate55 31 88 57 
Total Interest expense$78 $60 $133 $113 
Interest Income
Total reported segments$32 $38 $65 $80 
Corporate6 4 8 7 
Total Interest income$38 $42 $73 $87 
_____________
(1)Includes certain charges resulting from the exit of certain production print manufacturing operations, including inventory-related charges of approximately $9 and $6 for the three months ended June 30, 2025 and 2024, respectively, and $16 and $38 for the six months ended June 30, 2025 and 2024 respectively, as well as charges for the cancellation of related purchase contracts of $1 and $2 for the three months ended June 30, 2025 and 2024, respectively, and $1 and $6 for the six months ended June 30, 2025 and 2024, respectively.