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QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The following table sets forth the Company’s unaudited results of operations for each of the quarters in the fiscal years 2023 and 2022, which has been retrospectively adjusted to reflect NCR Atleos historical financial results as discontinued operations. The December 31, 2023 quarterly information has been revised for the impact of the fraudulent ACH disbursements, as discussed in Note 20, “Revised 2023 Quarterly Financial Information (Unaudited)”. The following quarterly financial data should be read in conjunction with our consolidated financial statements included elsewhere in this Annual Report on Form 10-K.

In millions, except per share amountsFirst QuarterSecond QuarterThird QuarterFourth Quarter
2023
Total revenue$922 $967 $978 $963 
Gross margin234 276 271 181 
Income (loss) from operations29 67 71 (130)
Income from continuing operations(65)(41)(222)(258)
Income (loss) from discontinued operations, net of taxes73 57 94 (61)
Net income (loss)8 16 (128)(319)
Net (loss) income attributable to common stockholders3 13 (133)(322)
Income (loss) per share attributable to common stockholders:
     Continuing operations$(0.49)$(0.32)$(1.60)$(1.85)
     Discontinued operations0.51 0.41 0.66 (0.43)
     Net income attributable to common shareholders0.02 0.09 (0.94)(2.28)
Diluted earnings (loss) per share:
     Continuing operations$(0.49)$(0.32)$(1.60)$(1.85)
     Discontinued operations0.51 0.41 0.66 (0.43)
     Diluted earnings per share attributable to common shareholders0.02 0.09 (0.94)(2.28)
2022
Total revenue$917 $950 $960 $966 
Gross margin210 224 281 263 
Income (loss) from operations(1)24 55 58 
Income from continuing operations(96)(57)(38)(12)
Income (loss) from discontinued operations, net of taxes61 100 107 (6)
Net income (loss)(35)43 69 (18)
Net (loss) income attributable to common stockholders(38)37 65 (20)
Income (loss) per share attributable to common stockholders:
     Continuing operations$(0.72)$(0.46)$(0.31)$(0.12)
     Discontinued operations0.44 0.73 0.78 (0.03)
     Net income attributable to common shareholders(0.28)0.27 0.47 (0.15)
Diluted earnings (loss) per share:
     Continuing operations$(0.72)$(0.46)$(0.31)$(0.12)
     Discontinued operations0.44 0.73 0.78 (0.03)
     Diluted earnings per share attributable to common shareholders(0.28)0.27 0.47 (0.15)
The following table sets forth the Company’s results of operations for each of the first three quarters in the year ended December 31, 2023, which has been retrospectively adjusted to reflect NCR Atleos historical financial results as discontinued operations and the revision impact of the fraudulent ACH disbursements and other immaterial errors. The following quarterly financial data should be read in conjunction with our consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
Three Months Ended March 31, 2023
In millions, except per share amountsAs reportedDiscontinued operationsAdjustmentAs recasted and revised
Product revenue$521 $229 $— $292 
Service revenue1,370 740 — 630 
Total revenue1,891 969 — 922 
Cost of products456 187 — 269 
Cost of services969 550 — 419 
Selling, general and administrative expenses292 138 2 156 
Research and development expenses64 15 — 49 
Total operating expenses1,781 890 2 893 
Income (loss) from operations110 79 (2)29 
Loss on extinguishment of debt— — — — 
Interest expense(83)— — (83)
Other income (expense), net(3)1 — (4)
Income (loss) from continuing operations before income taxes24 80 (2)(58)
Income tax expense (benefit)14 7 — 7 
Income from continuing operations10 73 (2)(65)
Income (loss) from discontinued operations, net of tax— (73)— 73 
Net income (loss)10 — (2)8 
Net income (loss) attributable to noncontrolling interests1 1 — — 
Net income attributable to noncontrolling interests of discontinued operations— (1)— 1 
Net income (loss) attributable to NCR Voyix9 — (2)7 
Amounts attributable to NCR Voyix common stockholders
Income (loss) from continuing operations9 (65)
Series A convertible preferred stock dividends(4)(4)
Income (loss) from continuing operations attributable to NCR Voyix5 (69)
Income (loss) from discontinued operations, net of tax— 72 
Net income (loss) attributable to NCR Voyix common stockholders5 3 
Income (loss) per share attributable to common stockholders:
Basic earnings (loss) per share:
     Continuing operations$0.04 $(0.49)
     Discontinued operations— 0.51 
     Net income attributable to common shareholders$0.04 $0.02 
Diluted earnings (loss) per share:
     Continuing operations$0.04 $(0.49)
     Discontinued operations— 0.51 
     Diluted earnings per share attributable to common shareholders$0.04 $0.02 
Three months ended June 30, 2023Six months ended June 30, 2023
In millions, except per share amountsAs reportedDiscontinued operationsAdjustmentAs recasted and revisedAs reportedDiscontinued operationsAdjustmentAs recasted and revised
Product revenue$576 $259 $— $317 $1,097 $488 $— $609 
Service revenue1,410 760 — 650 2,780 1,500 — 1,280 
Total revenue1,986 1,019 — 967 3,877 1,988 — 1,889 
Cost of products478 205 — 273 934 392 — 542 
Cost of services970 552 — 418 1,939 1,102 — 837 
Selling, general and administrative expenses333 169 3 167 625 307 5 323 
Research and development expenses57 15 — 42 121 30 — 91 
Total operating expenses1,838 941 3 900 3,619 1,831 5 1,793 
Income (loss) from operations148 78 (3)67 258 157 (5)96 
Loss on extinguishment of debt— — — — — — — — 
Interest expense(91)— — (91)(174)— — (174)
Other income (expense), net(8)1 — (9)(11)2 — (13)
Income (loss) from continuing operations before income taxes49 79 (3)(33)73 159 (5)(91)
Income tax expense (benefit)30 21 (1)8 44 28 (1)15 
Income from continuing operations19 58 (2)(41)29 131 (4)(106)
Income (loss) from discontinued operations, net of tax(1)(58)— 57 (1)(131)— 130 
Net income (loss)18 — (2)16 28 — (4)24 
Net income (loss) attributable to noncontrolling interests(1)(1)— — — — — — 
Net income (loss) attributable to noncontrolling interests from discontinued operations— 1 — (1)— — — — 
Net income (loss) attributable to NCR Voyix19 — (2)17 28 — (4)24 
Amounts attributable to NCR Voyix common stockholders
Income (loss) from continuing operations20 (41)29 (106)
Series A convertible preferred stock dividends(4)(4)(8)(8)
Income (loss) from continuing operations attributable to NCR Voyix16 (45)21 (114)
Income (loss) from discontinued operations, net of tax(1)58 (1)130 
Net income (loss) attributable to NCR Voyix common stockholders15 13 20 16 
Income (loss) per share attributable to common stockholders:
Basic earnings (loss) per share:
     Continuing operations$0.11 $(0.32)$0.15 $(0.81)
     Discontinued operations(0.01)0.41 (0.01)0.92 
     Net income attributable to common shareholders$0.11 $0.09 $0.14 $0.11 
Diluted earnings (loss) per share:
     Continuing operations$0.11 $(0.32)$0.15 $(0.81)
     Discontinued operations(0.01)0.41 (0.01)0.92 
     Diluted earnings per share attributable to common shareholders$0.11 $0.09 $0.14 $0.11 
Three months ended September 30, 2023Nine months ended September 30, 2023
In millions, except per share amountsAs reportedDiscontinued operationsAdjustmentAs recasted and revisedAs reportedDiscontinued operationsAdjustmentAs recasted and revised
Product revenue$560 $242 $— $318 $1,657 $730 $— $927 
Service revenue1,457 797 — 660 4,237 2,297 — 1,940 
Total revenue2,017 1,039 — 978 5,894 3,027 — 2,867 
Cost of products465 196 — 269 1,399 588 — 811 
Cost of services925 488 1 438 2,864 1,591 1 1,274 
Selling, general and administrative expenses331 175 6 162 956 481 11 486 
Research and development expenses54 16 — 38 175 46 — 129 
Total operating expenses1,775 875 7 907 5,394 2,706 12 2,700 
Income (loss) from operations242 164 (7)71 500 321 (12)167 
Loss on extinguishment of debt— — — — — — — — 
Interest expense(85)(2)— (83)(259)(2)— (257)
Other income (expense), net(44)(19)— (25)(55)(17)— (38)
Income (loss) from continuing operations before income taxes113 143 (7)(37)186 302 (12)(128)
Income tax expense (benefit)236 49 (2)185 280 77 (3)200 
Income from continuing operations(123)94 (5)(222)(94)225 (9)(328)
Income (loss) from discontinued operations, net of tax— (94)— 94 (1)(225)— 224 
Net income (loss)(123)— (5)(128)(95)— (9)(104)
Net income (loss) attributable to noncontrolling interests1 1 — — 1 1 — — 
Net income (loss) attributable to noncontrolling interest from discontinued operations— (1)— 1 — (1)— 1 
Net income (loss) attributable to NCR Voyix(124)— (5)(129)(96)— (9)(105)
Amounts attributable to NCR Voyix common stockholders
Income (loss) from continuing operations(124)(222)(95)(328)
Series A convertible preferred stock dividends(4)(4)(12)(12)
Income (loss) from continuing operations attributable to NCR Voyix(128)(226)(107)(340)
Income (loss) from discontinued operations, net of tax— 93 (1)223 
Net income (loss) attributable to NCR Voyix common stockholders(128)(133)(108)(117)
Income (loss) per share attributable to common stockholders:
Basic earnings (loss) per share
     Continuing operations$(0.91)$(1.60)$(0.76)$(2.41)
     Discontinued operations— 0.66 (0.01)1.58 
     Net income attributable to common shareholders$(0.91)$(0.94)$(0.77)$(0.83)
Diluted earnings (loss) per share:
     Continuing operations$(0.91)$(1.60)$(0.76)$(2.41)
     Discontinued operations— 0.66 (0.01)1.58 
     Diluted earnings per share attributable to common shareholders$(0.91)$(0.94)$(0.77)$(0.83)