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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue $ 711 $ 809 $ 2,144 $ 2,382
Selling, general and administrative expenses 113 142 340 427
Research and development expenses 38 29 129 98
Total operating expenses 696 785 2,183 2,349
Income (loss) from operations 15 24 (39) 33
Gain (loss) on extinguishment of debt 8 0 8 0
Interest expense (40) (83) (120) (257)
Other income (expense), net (15) (20) (40) (33)
Income (loss) from continuing operations before income taxes (32) (79) (191) (257)
Income tax expense (benefit) (1) 187 3 200
Income (loss) from continuing operations (31) (266) (194) (457)
Income (loss) from discontinued operations, net of tax 1,113 138 1,162 353
Net income (loss) 1,082 (128) 968 (104)
Net income (loss) attributable to noncontrolling interests 0 0 (1) 0
Net income (loss) attributable to noncontrolling interests of discontinued operations 0 1 0 1
Net income (loss) attributable to NCR Voyix 1,082 (129) 969 (105)
Amounts attributable to NCR Voyix common stockholders:        
Income (loss) from continuing operations (31) (266) (193) (457)
Series A convertible preferred stock dividends (4) (4) (12) (12)
Income (loss) from continuing operations attributable to NCR Voyix common stockholders (35) (270) (205) (469)
Income (loss) from discontinued operations, net of tax 1,113 137 1,162 352
Net income (loss) attributable to NCR Voyix common stockholders $ 1,078 $ (133) $ 957 $ (117)
Income (loss) per common share from continuing operations        
Basic (in dollars per share) $ (0.24) $ (1.92) $ (1.42) $ (3.34)
Diluted (in dollars per share) (0.24) (1.92) (1.42) (3.34)
Net income (loss) per common share        
Basic (in dollars per share) 7.41 (0.94) 6.62 (0.83)
Diluted (in dollars per share) $ 7.41 $ (0.94) $ 6.62 $ (0.83)
Weighted average common shares outstanding        
Basic (in shares) 145.4 140.9 144.6 140.3
Diluted (in shares) 145.4 140.9 144.6 140.3
Product        
Total revenue $ 219 $ 296 $ 684 $ 875
Cost of revenue 185 253 594 771
Services        
Total revenue 492 513 1,460 1,507
Cost of revenue $ 360 $ 361 $ 1,120 $ 1,053