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Discontinued Operations
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS
2. DISCONTINUED OPERATIONS

Digital Banking Sale

On September 30, 2024, the Company completed the Digital Banking Sale. Refer to Note 1, “Basis of Presentation and Summary of Significant Accounting Policies” for additional information. The historical results of the Digital Banking businesses have been presented as discontinued operations for the three and six months ended June 30, 2024. The Company’s presentation of discontinued operations excludes general corporate overhead costs that did not meet the requirements to be presented as discontinued operations.

The following table presents the major categories of income (loss) from discontinued operations related to the Digital Banking Sale:
    Three months ended June 30Six months ended June 30
20242024
Product revenue$12 $23 
Service revenue142 278 
Total revenue154 301 
Cost of products10 22 
Cost of services79 156 
Selling, general and administrative expenses23 44 
Research and development expenses11 24 
Total operating expenses123 246 
Income (loss) from discontinued operations before income taxes31 55 
Income tax expense (benefit)14 6 
Net income (loss) from discontinued operations related to Digital Banking$17 $49 
The following table presents selected financial information related to cash flows from discontinued operations related to the Digital Banking Sale:
In millionsSix months ended June 30
2024
Net cash provided by/(used in) operating activities$90 
Net cash provided by/(used in) investing activities(40)
Net cash provided by/(used in) financing activities— 

Spin-Off of NCR Atleos

On October 16, 2023, the Company completed the Spin-Off of NCR Atleos into an independent publicly traded company. Refer to Note 1, “Basis of Presentation and Summary of Significant Accounting Policies” for additional information regarding the Spin-Off. The historical results of NCR Atleos have been presented as discontinued operations. The Company’s presentation of discontinued operations excludes general corporate overhead costs that did not meet the requirements to be presented as discontinued operations. As of December 31, 2024, there were two countries that had not yet transferred to NCR Atleos. The 2024 presentation of discontinued operations has been updated to reflect the results of operations for these countries. As of March 31, 2025, all historical results of NCR Atleos have been presented as discontinued operations.

The following table presents the major categories of income (loss) from discontinued operations related to the Spin-Off of NCR Atleos:
In millionsThree months ended June 30Six months ended June 30
2024
2025(1)
2024
Product revenue$— $— $1 
Service revenue1 — 5 
Total revenue1 — 6 
Cost of products— — 1 
Cost of services1 — 6 
Selling, general and administrative expenses— — 1 
Total operating expenses1 — 8 
Income from discontinued operations— — (2)
Other income (expense), net— — (1)
Income (loss) from discontinued operations before income taxes— — (3)
Income tax expense (benefit)— — (1)
Net income (loss) from discontinued operations— — (2)
Net income (loss) attributable to noncontrolling interests— — (1)
Net income (loss) from discontinued operations related to NCR Atleos$— $— $(1)
(1)Represents operations of the delayed countries presented as discontinued operations during 2025 through date of separation. All delayed countries were presented as discontinued operations as of March 31, 2025.
The following table presents the major classes of assets and liabilities of discontinued operations related to the Spin-Off of NCR Atleos:
In millionsDecember 31, 2024
Assets
Current assets
Cash and cash equivalents$2 
Accounts receivable, net of allowances7 
Prepaid and other current assets3 
Total current assets12 
Total assets of discontinued operations$12 
Liabilities
Current liabilities
Accounts payable$8 
Contract liabilities2 
Other current liabilities2 
Total current liabilities12 
Other liabilities1 
Noncurrent liabilities1 
Total liabilities of discontinued operations$13 

The following table presents selected financial information related to cash flows from discontinued operations related to the Spin-off of NCR Atleos:
In millionsSix months ended June 30
2025(1)
2024
Net cash provided by/(used in) operating activities$— $(7)
Net cash provided by/(used in) investing activities— — 
Net cash provided by/(used in) financing activities— — 
(1)Represents operations of the delayed countries presented as discontinued operations during 2025 through date of separation. All delayed countries were presented as discontinued operations as of March 31, 2025.

Environmental Matters

The costs and insurance recoveries relating to certain environmental obligations associated with discontinued operations, including those relating to the Fox River and Kalamazoo River matters, are presented in Income (loss) from discontinued operations, net of tax, in the Consolidated Statements of Operations. Income (loss) from discontinued operations, net of tax, related to environmental matters was expense of $1 million and income of $2 million for the three and six months ended June 30, 2025, respectively, and zero income or loss for the three and six months ended June 30, 2024. Net cash provided by or used in operating activities of discontinued operations related to environmental obligations was $11 million of cash used in operating activities for the six months ended June 30, 2025 and $3 million of cash provided by operating activities for the six months ended June 30, 2024. Refer to Note 10, “Commitments and Contingencies” for further information.