XML 47 R36.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables present information regarding the Company’s segment performance and provide a reconciliation between segment operating profit and the consolidated Income before taxes:
Three months ended September 30,Nine months ended September 30,
 2025202420252024
Banking$690.2 $690.6 $1,999.0 $2,046.8 
Retail255.0 236.5 702.5 715.4 
Total net sales by segment$945.2 $927.1 $2,701.5 $2,762.2 
Banking505.4 506.9 1,465.9 1,513.1 
Retail191.9 177.9 531.9 537.3 
Total segment cost of sales$697.3 $684.8 $1,997.8 $2,050.4 
Banking184.8 183.7 533.1 533.7 
Retail63.1 58.6 170.6 178.1 
Total segment gross profit$247.9 $242.3 $703.7 $711.8 
Banking62.0 61.5 188.0 188.8 
Retail30.8 27.2 90.8 85.1 
Total segment SG&A and other operating expenses$92.8 $88.7 $278.8 $273.9 
Banking$122.8 $122.2 $345.1 $344.9 
Retail32.3 31.4 79.8 93.0 
Total segment operating profit$155.1 $153.6 $424.9 $437.9 
Corporate charges not allocated to segments(1)
$(68.4)$(69.0)$(217.2)$(201.9)
Restructuring and other saving initiative expenses(2)
(12.6)(31.8)(48.9)(79.1)
Refinancing related costs(3)
— (2.1)— (14.0)
Net non-routine income (expense)(4)
(0.3)(4.3)0.8 (2.0)
(81.3)(107.2)(265.3)(297.0)
Operating profit73.8 46.4 159.6 140.9 
Other expense, net(21.4)(36.7)(97.3)(100.1)
Income before taxes$52.4 $9.7 $62.3 $40.8 
(1)    Corporate charges not allocated to segments include headquarter-based costs associated primarily with human resources, finance, IT and legal that are not directly attributable to a particular segment and are separately assessed by the CODM for purposes of making decisions.
(2)    Refer to Note 8 for further information regarding restructurings. Consistent with the historical reportable segment structure, restructuring and saving initiative costs are not assigned to the segments, and are separately analyzed by the CODM.
(3)    Refinancing related costs are fees earned by our advisors that have been accounted for as period expense.
(4)    Net non-routine income (expense) consists of items that the Company has determined are non-routine in nature and not allocated to the reportable operating segments as they are not included in the measure used by the CODM to make decisions, allocate resources and assess performance.
Schedule of Revenue from External Customers by Product and Service Solution
The following table presents information regarding the Company’s segment net sales by service and product solution:
Three months ended September 30,Nine months ended September 30,
2025202420252024
Services$402.0 $400.5 $1,191.7 $1,188.6 
Products288.2 290.1 807.3 858.2 
Total Banking690.2 690.6 1,999.0 2,046.8 
Services142.2 141.2 403.6 418.6 
Products112.8 95.3 298.9 296.8 
Total Retail255.0 236.5 702.5 715.4 
Total revenue $945.2 $927.1 $2,701.5 $2,762.2