DISCONTINUED OPERATIONS

9 Months Ended

Sep. 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 nine months ended September 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 September 30		Nine months ended September 30
	2024		2024
Product revenue	$	15	$	38
Service revenue	141		419
Total revenue	156		457
Cost of products	9		31
Cost of services	65		221
Selling, general and administrative expenses	39		84
Research and development expenses	14		37
Total operating expenses	127		373
Income from discontinued operations	29		84
Other income (expense), net	(48)		(48)
Income (loss) from discontinued operations before gain on sale of business and income taxes	(19)		36
Gain on sale of business	1,546		1,546
Income (loss) from discontinued operations before income taxes	1,527		1,582
Income tax expense (benefit)	395		401
Net income (loss) from discontinued operations related to Digital Banking	$	1,132	$	1,181

The following table presents selected financial information related to cash flows from discontinued operations related to the Digital Banking Sale:

In millions	Nine months ended September 30
	2024
Net cash provided by/(used in) operating activities	$	(299)
Net cash provided by/(used in) investing activities	(57)
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 millions	Three months ended September 30		Nine months ended September 30
	2024		2025(1)		2024
Product revenue	$	1	$	—	$	2
Service revenue	2		—		7
Total revenue	3		—		9
Cost of products	3		—		4
Cost of services	—		—		6
Selling, general and administrative expenses	1		—		2
Total operating expenses	4		—		12
Income from discontinued operations	(1)		—		(3)
Other income (expense), net	(1)		—		(2)
Income (loss) from discontinued operations before income taxes	(2)		—		(5)
Income tax expense (benefit)	—		—		(1)
Net income (loss) from discontinued operations	(2)		—		(4)
Net income (loss) attributable to noncontrolling interests	—		—		(1)
Net income (loss) from discontinued operations related to NCR Atleos	$	(2)	$	—	$	(3)

(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 millions	December 31, 2024
Assets
Current assets
Cash and cash equivalents	$	2
Accounts receivable, net of allowances	7
Prepaid and other current assets	3
Total current assets	12
Total assets of discontinued operations	$	12
Liabilities
Current liabilities
Accounts payable	$	8
Contract liabilities	2
Other current liabilities	2
Total current liabilities	12
Other liabilities	1
Noncurrent liabilities	1
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 millions	Nine months ended September 30
	2025(1)		2024
Net cash provided by/(used in) operating activities	$	—	$	(6)
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 a loss of $2 million for the three months ended September 30, 2025, no income or loss for the nine months ended September 30, 2025, and a loss of $19 million for each of the three and nine months ended September 30, 2024. Net cash provided by or used in operating activities of discontinued operations related to environmental obligations was $17 million of cash used in operating activities for the nine months ended September 30, 2025 and $4 million of cash used in operating activities for the nine months ended September 30, 2024. Refer to Note 10, “Commitments and Contingencies” for further information.