QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2024

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

19. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table sets forth the Company’s unaudited results of operations for each of the quarters in the fiscal years 2024 and 2023, which has been retrospectively adjusted to reflect the Digital Banking and NCR Atleos historical financial results as discontinued operations. 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 amounts	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2024
Total revenue	$	711	$	722	$	711	$	682
Gross margin	138		126		166		149
Income (loss) from operations	(19)		(35)		15		2
Income from continuing operations	(72)		(91)		(31)		(9)
Income (loss) from discontinued operations, net of taxes	31		18		1,113		(2)
Net income (loss)	(41)		(73)		1,082		(11)
Net (loss) income attributable to common stockholders	(44)		(77)		1,078		(14)
Income (loss) per share attributable to common stockholders:
Continuing operations	$	(0.52)	$	(0.66)	$	(0.24)	$	(0.08)
Discontinued operations	0.21		0.13		7.65		(0.02)
Basic earnings per share attributable to common stockholders	$	(0.31)	$	(0.53)	$	7.41	$	(0.10)
Diluted earnings (loss) per share:
Continuing operations	$	(0.52)	$	(0.66)	$	(0.24)	$	(0.08)
Discontinued operations	0.21		0.13		7.65		(0.02)
Diluted earnings per share attributable to common stockholders	$	(0.31)	$	(0.53)	$	7.41	$	(0.10)
2023
Total revenue	$	768	$	805	$	809	$	796
Gross margin	161		202		195		111
Income (loss) from operations	(12)		21		24		(162)
Income from continuing operations	(103)		(88)		(266)		(272)
Income (loss) from discontinued operations, net of taxes	111		104		138		(47)
Net income (loss)	8		16		(128)		(319)
Net (loss) income attributable to common stockholders	3		13		(133)		(322)
Income (loss) per share attributable to common stockholders:
Continuing operations	$	(0.77)	$	(0.66)	$	(1.92)	$	(1.95)
Discontinued operations	0.79		0.75		0.98		(0.33)
Basic earnings per share attributable to common stockholders	$	0.02	$	0.09	$	(0.94)	$	(2.28)
Diluted earnings (loss) per share:
Continuing operations	$	(0.77)	$	(0.66)	$	(1.92)	$	(1.95)
Discontinued operations	0.79		0.75		0.98		(0.33)
Diluted earnings per share attributable to common stockholders	$	0.02	$	0.09	$	(0.94)	$	(2.28)