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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 204 $ 261
Accounts receivable, net of allowances of $23 and $29 as of June 30, 2024 and December 31, 2023, respectively 429 472
Inventories 220 250
Restricted cash, current 24 21
Prepaid and other current assets 187 187
Current assets of discontinued operations 0 15
Total current assets 1,064 1,206
Property, plant and equipment, net 205 212
Goodwill 2,038 2,040
Intangibles, net 261 291
Operating lease assets 233 236
Prepaid pension cost 40 43
Deferred income taxes 244 239
Other assets 698 715
Noncurrent assets of discontinued operations 0 8
Total assets 4,783 4,990
Current liabilities    
Short-term borrowings 15 15
Accounts payable 478 504
Payroll and benefits liabilities 93 148
Contract liabilities 230 187
Settlement liabilities 51 39
Other current liabilities 387 425
Current liabilities of discontinued operations 0 15
Total current liabilities 1,254 1,333
Long-term debt 2,595 2,563
Pension and indemnity plan liabilities 157 161
Postretirement and postemployment benefits liabilities 45 43
Income tax accruals 66 64
Operating lease liabilities 252 254
Other liabilities 225 259
Noncurrent liabilities of discontinued operations 0 12
Total liabilities 4,594 4,689
Commitments and Contingencies (Note 10)
Series A convertible preferred stock: par value $0.01 per share, 3.0 shares authorized, 0.3 shares issued and outstanding as of June 30, 2024 and December 31, 2023; redemption amount and liquidation preference of $276 as of June 30, 2024 and December 31, 2023 276 276
NCR Voyix stockholders’ equity (deficit)    
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 145.1 and 142.6 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 1 1
Paid-in capital 899 874
Retained earnings (deficit) (517) (421)
Accumulated other comprehensive loss (468) (429)
Total NCR Voyix stockholders’ equity (deficit) (85) 25
Noncontrolling interests in subsidiaries (2) 0
Total stockholders’ equity (deficit) (87) 25
Total liabilities and stockholders’ equity (deficit) $ 4,783 $ 4,990