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Segment Information and Concentrations (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Revenue and Operating Income by Segment
The following table presents revenue and Adjusted EBITDA by segment:
In millionsThree months ended June 30Six months ended June 30
2024202320242023
Revenue by segment
Retail$517 $553 $1,008 $1,081 
Restaurants201 223 403 434 
Digital Banking154 141 301 278 
Total segment revenue$872 $917 $1,712 $1,793 
Other4 29 22 59 
Total revenue$876 $946 $1,734 $1,852 
Adjusted EBITDA by segment
Retail$87 $115 $173 $198 
Restaurants62 51 117 95 
Digital Banking63 54 117 103 
Segment Adjusted EBITDA$212 $220 $407 $396 

The following table reconciles Segment Adjusted EBITDA to Net income (loss) from continuing operations attributable to NCR Voyix:
In millionsThree months ended June 30Six months ended June 30
2024202320242023
Segment Adjusted EBITDA$212 $220 $407 $396 
Corporate and other income and expenses not allocated to reportable segments68 52 142 110 
Depreciation and amortization70 61 136 120 
Acquisition-related amortization of intangibles15 18 29 35 
Interest expense41 91 80 174 
Interest income(1)(3)(3)(6)
Acquisition-related costs— 1 — 1 
Income tax expense (benefit)24 7 10 12 
Stock-based compensation expense14 25 27 50 
Transformation and restructuring costs(1)
51 3 79 6 
Separation costs(2)
3 6 8 8 
Loss (gain) on disposal of businesses(7)(4)(14)(7)
Foreign currency devaluation(3)
— — 15 — 
Fraudulent ACH disbursements(4)
(1)3 (2)5 
Cyber ransomware incident recovery costs(5)
(4)11 (4)11 
Strategic initiatives(6)
13 — 17 — 
Net income (loss) from continuing operations attributable to NCR Voyix$(74)$(51)$(113)$(123)
(1)Represents integration, severance, and other exit and disposal costs which are considered non-operational in nature.
(2)Represents costs incurred as a result of the Spin-Off. Professional fees to effect the spin-off of NCR Atleos including separation management, organizational design, and legal fees have been classified within discontinued operations during the three and six months ended June 30, 2023.
(3)Represents gains and losses recognized during the period due to changes in valuation of the Lebanese pound and the Egyptian pound.
(4)Represents Company identified fraudulent ACH disbursements from a Company bank account. Additional details regarding this item are discussed in Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”.
(5)Represents expenses to respond to, remediate and investigate the April 13, 2023 cyber ransomware incident, net of insurance recoveries. Additional details regarding this cyber ransomware incident are discussed in Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”.
(6)Represents professional fees related to strategic initiatives which are considered non-operational in nature.
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area
Revenue is attributed to the geographic area to which the product is delivered or in which the service is provided. The following table presents revenue by geographic area for the Company:
In millionsThree months ended June 30Six months ended June 30
2024202320242023
United States$589 $662 $1,194 $1,293 
Americas (excluding United States)71 63 130 125 
Europe, Middle East and Africa132 127 253 256 
Asia Pacific84 94 157 178 
Total revenue$876 $946 $1,734 $1,852 
Schedule of Revenues from Products and Services
The following table presents the recurring revenue and all other products and services revenue that is recognized at a point in time for the Company:
In millionsThree months ended June 30Six months ended June 30
2024202320242023
Recurring revenue(1)
$544 $535 $1,076 $1,059 
All other products and services332 411 658 793 
Total revenue$876 $946 $1,734 $1,852 
(1) Recurring revenue includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, cloud revenue, payment processing revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights.