Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents the major categories of income (loss) from discontinued operations related to the Spin-Off of NCR Atleos:

In millions	Three months ended March 31
	2024(1)		2023
Product revenue	$	—	$	230
Service revenue	1		745
Total revenue	1		975
Cost of products	—		187
Cost of services	2		552
Selling, general and administrative expenses	—		139
Research and development expenses	—		15
Total operating expenses	2		893
Income from discontinued operations	(1)		82
Interest expense	—		—
Other income (expense), net	—		1
Income (loss) from discontinued operations before income taxes	(1)		83
Income tax expense (benefit)	(1)		9
Net income (loss) from discontinued operations	—		74
Net income (loss) attributable to noncontrolling interests	—		1
Net income (loss) from discontinued operations related to NCR Atleos	$	—	$	73

(1)Represents operations of the three delayed countries that transferred to NCR Atleos during the first quarter of 2024 through date of separation versus full quarter of NCR Atleos operations for 2023.

The following table presents the major classes of assets and liabilities of discontinued operations:

In millions	December 31, 2023
Assets
Current assets
Accounts receivable, net of allowances	$	4
Inventories	3
Prepaid and other current assets	1
Total current assets	8
Total assets of discontinued operations	$	8
Liabilities and stockholder's equity
Current liabilities
Contract liabilities	$	3
Other current liabilities	2
Total current liabilities	5
Pension and indemnity plan liabilities	2
Noncurrent liabilities	2
Total liabilities of discontinued operations	$	7

The following table presents selected financial information related to cash flows from discontinued operations:

In millions	Three months ended March 31
	2024(1)		2023
Net cash provided by (used in) operating activities	$	—	$	195
Net cash provided by (used in) investing activities	—		(25)
Net cash provided by (used in) financing activities	—		—

(1)Represents operations of the three delayed countries that transferred to NCR Atleos during the first quarter of 2024 through date of separation versus full quarter of NCR Atleos operations for 2023.