NCR Atleos (NATL) 10-Q5 Sep 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2023	Aug. 25, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-41728
Entity Registrant Name	NCR Atleos, LLC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	92-3588560
Entity Address, Address Line One	864 Spring Street NW
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30308
City Area Code	937
Local Phone Number	445-1936
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	NATL
Security Exchange Name	NYSE
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100
Entity Central Index Key	0001974138
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Combined Statements o

Condensed Combined Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total revenue	$ 1,040	$ 1,067	$ 2,026	$ 2,036
Selling, general and administrative expenses	149	169	285	315
Research and development expenses	19	25	37	45
Total operating expenses	961	1,025	1,881	1,960
Income from operations	79	42	145	76
Related party interest expense, net	(5)	(6)	(9)	(17)
Other income (expense), net	1	(5)	1	(3)
Income before income taxes	75	31	137	56
Income tax expense	23	9	48	18
Net income	52	22	89	38
Net (loss) income attributable to noncontrolling interests	(1)	2	0	1
Net income attributable to NCR Atleos	53	20	89	37
Product
Total revenue	262	300	496	534
Cost of services	215	266	410	494
Services
Total revenue	778	767	1,530	1,502
Cost of services	$ 578	$ 565	$ 1,149	$ 1,106

Condensed Combined Statements_2

Condensed Combined Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 52	$ 22	$ 89	$ 38
Currency translation adjustments
Currency translation (loss) gains	(3)	(44)	24	(64)
Derivatives
Unrealized gains on derivatives	49	10	38	42
(Gains) Loss on derivatives recognized during the period	(21)	2	(36)	3
Less income tax	(6)	(3)	0	(10)
Other comprehensive income (loss)	19	(35)	26	(29)
Total comprehensive income (loss)	71	(13)	115	9
Less amounts attributable to noncontrolling interests:
Net (loss) income	(1)	2	0	1
Currency translation gains (loss)	1	(1)	0	(1)
Amounts attributable to noncontrolling interests	0	1	0	0
Comprehensive income (loss) attributable to NCR Atleos	$ 71	$ (14)	$ 115	$ 9

Condensed Combined Balance Shee

Condensed Combined Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 337	$ 293
Accounts receivable, net of allowances of $16 and $16 as of June 30, 2023 and December 31, 2022, respectively	435	455
Related party receivable, current	57	47
Inventories	405	419
Restricted cash	226	204
Other current assets	216	231
Total current assets	1,676	1,649
Property, plant and equipment, net	431	412
Goodwill	1,951	1,949
Intangibles, net	679	729
Operating lease assets	80	85
Prepaid pension cost	184	172
Deferred income tax assets	318	317
Related party receivable, non-current	320	336
Other assets	97	123
Total assets	5,736	5,772
Current liabilities
Short-term borrowings from related party	571	108
Accounts payable	333	350
Related party payable, current	12	13
Payroll and benefits liabilities	66	69
Contract liabilities	370	356
Settlement liabilities	227	212
Other current liabilities	216	261
Total current liabilities	1,795	1,369
Long-term borrowings from related party	214	717
Pension and indemnity plan liabilities	22	22
Income tax accruals	39	39
Operating lease liabilities	54	59
Deferred income tax liabilities	185	201
Other liabilities	106	103
Total liabilities	2,415	2,510
Commitments and contingencies (Note 8)
Equity
Net parent investment	3,359	3,326
Accumulated other comprehensive loss	(37)	(63)
Total parent's equity	3,322	3,263
Noncontrolling interests in subsidiaries	(1)	(1)
Total equity	3,321	3,262
Total liabilities and equity	$ 5,736	$ 5,772

Condensed Combined Balance Sh_2

Condensed Combined Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 16	$ 16

Condensed Combined Statements_3

Condensed Combined Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Net income	$ 89	$ 38
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	56	59
Amortization expense	64	65
Stock-based compensation expense	33	37
Deferred income taxes	(13)	(7)
Changes in assets and liabilities, net of effects of business acquired:
Receivables	17	(68)
Inventories	(15)	(72)
Settlement assets	1	(7)
Current payables and accrued expenses	(26)	(14)
Contract liabilities	18	42
Accrued compensation and employee benefit plans	(6)	(9)
Net cash provided by operating activities	200	15
Investing activities
Expenditures for property, plant and equipment	(22)	(15)
Additions to capitalized software	(15)	(19)
Business acquisitions, net of cash acquired	0	(67)
Amounts advanced for related party notes receivable	(14)	(202)
Repayments received from related party notes receivable	36	25
Net cash used in investing activities	(15)	(278)
Financing activities
Proceeds from related party borrowings	16	215
Payments on related party borrowings	(57)	(631)
Principal payments for finance lease obligations	0	(1)
Transfers from (to) Parent	(89)	688
Net cash (used in) provided by financing activities	(130)	271
Effect of exchange rate changes on cash, cash equivalents and restricted cash	11	(25)
Increase (decrease) in cash, cash equivalents, and restricted cash	66	(17)
Cash, cash equivalents and restricted cash at beginning of period	499	470
Cash, cash equivalents and restricted cash at end of period	565	453
Related Party
Changes in assets and liabilities, net of effects of business acquired:
Related party receivables and payables	(13)	(30)
Other assets and liabilities	(13)	(30)
Financing activities
Transfers from (to) Parent	(89)	688
Nonrelated Party
Changes in assets and liabilities, net of effects of business acquired:
Related party receivables and payables	(5)	(19)
Other assets and liabilities	$ (5)	$ (19)

Condensed Combined Statements_4

Condensed Combined Statements of Changes in Equity (Unaudited) - USD ($) $ in Millions	Total	Net Parent Investment	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2021	$ 2,336	$ 2,431	$ (98)	$ 3
Comprehensive income (loss):
Net income	16	17		(1)
Other comprehensive income (loss)	6		6
Total comprehensive income (loss)	22	17	6	(1)
Net transfers (to) from parent	124	124
Balance at end of period at Mar. 31, 2022	2,482	2,572	(92)	2
Balance at beginning of period at Dec. 31, 2021	2,336	2,431	(98)	3
Comprehensive income (loss):
Net income	38
Other comprehensive income (loss)	(29)
Total comprehensive income (loss)	9
Balance at end of period at Jun. 30, 2022	3,070	3,193	(126)	3
Balance at beginning of period at Mar. 31, 2022	2,482	2,572	(92)	2
Comprehensive income (loss):
Net income	22	20		2
Other comprehensive income (loss)	(35)		(34)	(1)
Total comprehensive income (loss)	(13)	20	(34)	1
Net transfers (to) from parent	601	601
Balance at end of period at Jun. 30, 2022	3,070	3,193	(126)	3
Balance at beginning of period at Dec. 31, 2022	3,262	3,326	(63)	(1)
Comprehensive income (loss):
Net income	37	36		1
Other comprehensive income (loss)	7		8	(1)
Total comprehensive income (loss)	44	36	8	0
Net transfers (to) from parent	(52)	(52)
Balance at end of period at Mar. 31, 2023	3,254	3,310	(55)	(1)
Balance at beginning of period at Dec. 31, 2022	3,262	3,326	(63)	(1)
Comprehensive income (loss):
Net income	89
Other comprehensive income (loss)	26
Total comprehensive income (loss)	115
Balance at end of period at Jun. 30, 2023	3,321	3,359	(37)	(1)
Balance at beginning of period at Mar. 31, 2023	3,254	3,310	(55)	(1)
Comprehensive income (loss):
Net income	52	53		(1)
Other comprehensive income (loss)	19		18	1
Total comprehensive income (loss)	71	53	18	0
Net transfers (to) from parent	(4)
Balance at end of period at Jun. 30, 2023	$ 3,321	$ 3,359	$ (37)	$ (1)

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES On September 15, 2022, NCR Corporation (“NCR” or “Parent”) announced its plan to separate its businesses into two distinct, publicly traded companies, whereby NCR would execute a spin-off to NCR shareholders of its self-service banking and payments and network businesses (“NCR Atleos,” the “Company,” “we,” or “our”). Under the plan, NCR will transfer certain assets and liabilities associated with the Company to NCR Atleos, LLC and execute a spin-off of NCR Atleos by way of a pro-rata distribution of common stock of NCR Atleos to NCR’s shareholders at the close of business on the record date of the spin-off. The completion of the spin-off is subject to certain conditions as described in our registration statement on Form 10, initially filed with the U.S. Securities and Exchange Commission (“SEC”) on June 26, 2023 and as further amended thereafter and declared effective August 11, 2023 (as amended, the “Form 10”) and in our information statement, dated August 14, 2023. There are no assurances as to when the planned spin-off will be completed, if at all. NCR Atleos has historically operated as a part of NCR Corporation; consequently, stand-alone financial statements have not historically been prepared. The accompanying Condensed Combined Financial Statements have been derived from NCR’s historical accounting records and are presented on a stand-alone basis as if the Company’s operations had been conducted independently from NCR. The accompanying Condensed Combined Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) without audit pursuant to the rules and regulations of the U.S. SEC and, in the opinion of management, include all adjustments (consisting of normal, recurring adjustments, unless otherwise disclosed) necessary for a fair statement of the condensed combined results of operations, financial position, and cash flows for each period presented. The combined results for the interim periods are not necessarily indicative of results to be expected for the full year. The 2022 year-end Condensed Combined Balance Sheet was derived from audited financial statements but does not include all disclosures required by GAAP. These financial statements have been prepared on a consistent basis, and should be read in conjunction with, financial statements and notes included in our audited Combined Financial Statements for the year ended December 31, 2022, included in our Form 10 (as previously referred to as NCR ATMCo), and in our information statement, dated August 14, 2023. The Condensed Combined Statements of Operations include all revenues and costs directly attributable to the Company, including costs for facilities, functions and services used by or for the benefit of the Company. The Company has historically functioned together with the other businesses controlled by NCR. Accordingly, the Company relied on NCR’s corporate overhead and other support functions for its business. Therefore, certain corporate overhead and shared costs have been allocated to the Company, including: (i) certain general and administrative expenses related to NCR support functions that are provided on a centralized basis within NCR (e.g., expenses for corporate facilities, executive oversight, treasury, finance, legal, human resources, compliance, information technology, employee benefit plans, stock compensation plans, and other corporate functions) and (ii) certain operations support costs incurred by NCR, including product sourcing, maintenance and support services, and other supply chain functions. These expenses have been specifically identified, when possible, or allocated based on revenues, headcount, usage or other allocation methods that are considered to be a reasonable reflection of the utilization of services provided or benefit received. All charges and allocations for facilities, functions and services performed by NCR have been deemed settled in cash by NCR Atleos to NCR in the period in which the cost was recorded in the Condensed Combined Statements of Operations. Management considers that such allocations have been made on a reasonable basis consistent with benefits received but may not necessarily be indicative of the costs that would have been incurred if the Company had been operated on a standalone basis for the periods presented. The amounts that would have been, or will be incurred, on a stand-alone basis could materially differ from the amounts allocated due to economies of scale, a requirement for more or fewer employees, or other factors. Management does not believe, however, that it is practicable to estimate what these expenses would have been for the periods presented had the Company operated as an independent entity, including any expenses associated with obtaining any of these services from unaffiliated entities. See Note 12, “Related Parties”, for further information. NCR utilizes a centralized approach to managing its treasury operations. The cash and cash equivalents held by NCR at the corporate level are not specifically identifiable to the Company; and therefore, have not been reflected in the Company’s Condensed Combined Balance Sheets. Cash and cash equivalents and restricted cash in the Condensed Combined Balance Sheets represent cash and cash equivalents and restricted cash held by legal entities of the Company that are specifically attributable to the Company. NCR’s external debt and related interest expense have not been attributed to the Company for the periods presented because NCR’s borrowings are neither directly attributable to the Company nor is the Company the legal obligor of such borrowings. All intracompany accounts and transactions within the Company have been eliminated in the preparation of the Condensed Combined Financial Statements. Transactions historically settled in cash between the Company and NCR have been reflected in the Condensed Combined Balance Sheets as Related party receivable, Related party payable, or Borrowings from related party with the aggregate net effect of these related party transactions reflected in the Condensed Combined Statements of Cash Flows as Related party receivables and payables within operating activities, Amounts advanced for or Repayments received from related party notes receivable in investing activities, or Proceeds from or payments on related party borrowings within financing activities. Other balances between the Company and NCR are considered to be effectively settled in the Condensed Combined Financial Statements at the time the transactions are recorded. The aggregate net effect of transactions between the Company and NCR that are not historically settled in cash have been reflected in the Condensed Combined Balance Sheets as Net parent investment and in the Condensed Combined Statements of Cash Flows as Net transfers from (to) Parent within financing activities. See Note 12, “Related Parties”, for further information. Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the periods reported. Estimates are used when accounting for receivable and inventory reserves, depreciation and amortization of long-lived assets, employee benefit plan obligations, asset retirement obligations, product liabilities, income and withholding taxes, contingencies, valuation of business combinations, and allocations of cost and expenses from the Parent. Although our estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing variants of the coronavirus (“COVID-19”) pandemic, macroeconomic pressures and geopolitical challenges. The ultimate impact on our overall financial condition and operating results will depend on supply chain challenges and cost escalations including materials, labor and freight, and any additional governmental and public actions taken in response. As a result, our accounting estimates and assumptions may change over time as a consequence of these external factors. Such changes could result in future impairments of goodwill, intangible assets, long-lived assets, incremental credit losses on accounts receivable and decreases in the carrying amount of our tax assets. Subsequent Events The Condensed Combined Financial Statements were derived from the condensed consolidated financial statements of NCR, which issued its interim financial statements as of and for the six months ended June 30, 2023 on August 2, 2023. Accordingly, the Company has evaluated transactions for consideration as recognized subsequent events in these financial statements through the date of August 2, 2023. Additionally, the Company has evaluated transactions that occurred through September 5, 2023, the date the Condensed Combined Financial Statements were available for issuance, for the purposes of unrecognized subsequent events. Cash, Cash Equivalents, and Restricted Cash The reconciliation of cash, cash equivalents and restricted cash in the Condensed Combined Statements of Cash Flows is as follows: In millions June 30 Balance Sheet Location 2023 2022 Cash and cash equivalents Cash and cash equivalents $ 337 $ 259 Short term restricted cash Restricted cash 226 189 Long term restricted cash Other assets 2 5 Total cash, cash equivalents and restricted cash $ 565 $ 453 Contract Assets and Liabilities The following table presents the net contract asset and contract liability balances as of June 30, 2023 and December 31, 2022. In millions Balance Sheet Location June 30, 2023 December 31, 2022 Current portion of contract liabilities Contract liabilities $ 370 $ 356 Non-current portion of contract liabilities Other liabilities $ 23 $ 31 During the six months ended June 30, 2023, the Company recognized $177 million in revenue that was included in contract liabilities as of December 31, 2022. During the six months ended June 30, 2022, the Company recognized $189 million in revenue that was included in contract liabilities as of December 31, 2021. Remaining Performance Obligations Remaining performance obligations represent the transaction price of orders for which products have not been delivered or services have not been performed. As of June 30, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $2.3 billion . The Company expects to recognize revenue on approximately three-quarters of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. The majority of our professional services are expected to be recognized over the next 12 months but this is contingent upon a number of factors, including customers’ needs and schedules. The Company has made three elections that affect the value of remaining performance obligations described above. We do not disclose remaining performance obligations for contracts where variable consideration is directly allocated based on usage or when the original expected duration is one year or less. Additionally, we do not disclose remaining performance obligations for contracts where we recognize revenue from the satisfaction of the performance obligation in accordance with the 'right to invoice' practical expedient. Allowance for Credit Losses on Accounts Receivable The allowance for credit losses as of June 30, 2023 and December 31, 2022 was $16 million and $16 million, respectively. We continue to evaluate our reserves in light of the age and quality of our outstanding accounts receivable as well as risks to specific industries or countries and adjust the reserves accordingly. The impact to our allowance for credit lo sses for the three and six months ended June 30, 2023 and 2022 was immaterial. The Company recorded immaterial write-offs against the reserve for the three and six months ended June 30, 2023 and 2022. Recent Accounting Pronouncements Adoption of New Accounting Pronouncements In October 2021, the FASB issued accounting standards update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , with new guidance for contract assets and contract liabilities acquired in a business combination. The new guidance requires contract assets and contract liabilities, such as deferred revenue, acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers . Prior to the issuance of this guidance, contract assets and contract liabilities were recognized by the acquirer at fair value on the acquisition date. The accounting standards update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted and should be applied prospectively to acquisitions occurring on or after the effective date. The adoption of this accounting standards update did not have a material effect on the Company’s net income, cash flows or financial condition. Although there are other new accounting pronouncements issued by the FASB and adopted by or effective for the Company, the Company does not believe any of these accounting pronouncements had a material impact on its Condensed Combined Financial Statements. Accounting Pronouncements Issued But Not Yet Adopted Although there are new accounting pronouncements issued by the FASB and not yet adopted by or effective for the Company, the Company does not believe any of these accounting pronouncements will have a material impact on its Condensed Combined Financial Statements.

Business Combinations

Business Combinations	6 Months Ended
Business Combinations	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Business Combinations	2. BUSINESS COMBINATIONS Acquisition of LibertyX (2022) On January 5, 2022, the Company completed its acquisition of Moon Inc., dba LibertyX, a leading cryptocurrency software provider, with the goal of enabling NCR Atleos to provide digital currency solutions, including the ability to buy Bitcoin, and conduct cross-border remittance. All of the outstanding shares of LibertyX were purchased for $1 million cash consideration and approximately 1.4 million shares of NCR’s common stock at a price of $42.13 per share. Also, approximately 0.2 million outstanding unvested LibertyX option awards were converted into NCR awards pursuant to an exchange ratio as defined in the acquisition agreement. LibertyX stock option awards were converted into NCR stock option awards with an exercise price per share for option awards equal to the exercise price per share of such stock option award immediately prior to the completion of the acquisition divided by the exchange ratio, and vested immediately. The value of the option awards was deemed attributable to services already rendered and was included as a portion of the purchase price. Total purchase consideration for the LibertyX acquisition was approximately $69 million. The allocation of purchase price was finalized as of December 31, 2022.

Goodwill and Purchased Intangib

Goodwill and Purchased Intangible Assets	6 Months Ended
Goodwill and Purchased Intangible Assets	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND PURCHASED INTANGIBLE ASSETS	3. GOODWILL AND PURCHASED INTANGIBLE ASSETS Goodwill by Segment The carrying amounts of goodwill by segment as of June 30, 2023 and December 31, 2022 are included in the table below. Foreign currency fluctuations are included within other adjustments . In millions Self-Service Banking (1) Payments & Network Total Balance as of December 31, 2022 $ 254 $ 1,695 $ 1,949 Other adjustments 1 1 2 Balance as of June 30, 2023 $ 255 $ 1,696 $ 1,951 (1) The carrying amount of goodwill for the Self-Service Banking segment is presented net of accumulated impairment losses of $16 million as of each period end. Identifiable Intangible Assets The Company’s purchased intangible assets, reported in Intangibles, net in the Condensed Combined Balance Sheets, were specifically identified when acquired, and are deemed to have finite lives. The gross carrying amount and accumulated amortization for the Company’s identifiable intangible assets were as set forth in the table below. Amortization June 30, 2023 December 31, 2022 In millions Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Direct customer relationships 1 - 15 $ 389 $ (71) $ 389 $ (58) Technology-software 3 - 8 494 (156) 494 (125) Tradenames 1 - 10 50 (27) 50 (21) Total identifiable intangible assets $ 933 $ (254) $ 933 $ (204) Amortization expense related to identifiable intangible assets for the following periods is: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 Amortization expense $ 25 $ 25 $ 50 $ 51 The estimated aggregate amortization expense for identifiable intangible assets for the following periods is: For the years ended December 31 In millions Remainder of 2023 2024 2025 2026 2027 Amortization expense $ 52 $ 97 $ 93 $ 85 $ 77

Segment Information and Concent

Segment Information and Concentrations	6 Months Ended
Segment Information and Concentrations	Jun. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION AND CONCENTRATIONS	4. SEGMENT INFORMATION AND CONCENTRATIONS The Company manages and reports its operations in the following segments: • Self-Service Banking —Offers solutions to enable customers in the financial services industry to reduce costs, generate new revenue streams and enhance customer loyalty. These solutions include a comprehensive line of ATM hardware and software, and related installation, maintenance, and managed and professional services. We also offer solutions to manage and run the ATM channel end-to-end for financial institutions that include back office, cash management, software management and ATM deployment, among others. • Payments & Network —Provides a cost-effective way for financial institutions, fintechs, and neobanks to reach and serve their customers through our network of ATMs and multi-functioning financial services kiosks. We offer credit unions, banks, digital banks, fintechs, stored-value debit card issuers, and other consumer financial services providers access to our Allpoint retail-based ATM network, providing convenient and fee-free cash withdrawal and deposit access to their customers and cardholders as well as the ability to convert a digital value to cash, or vice versa, via NCRPay360. We also provide ATM branding solutions to financial institutions as well as ATM management and services to retailers and other businesses. • T&T —Offers managed network and infrastructure services to enterprise clients across all industries via direct relationships with communications service providers and technology manufacturers. Our customers rely on us as a strategic partner to help them reduce complexity, improve cost efficiency, and enable global geographical reach. We deliver expert professional, field, and remote services for modern network technologies including Software-Defined Wide Area Networking, Network Functions Virtualization, Wireless Local Area Networks, Optical Networking, and Edge Networks. Corporate and Other includes income and expenses related to corporate functions and certain allocations from our Parent that are not specifically attributable to an individual reportable segment along with certain other immaterial business operations that do not represent a reportable segment. These segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the CODM in assessing segment performance and in allocating the Company’s resources. Management evaluates the performance of the segments based on revenue and Adjusted EBITDA. NCR Atleos determines Adjusted EBITDA based on GAAP net income attributable to NCR Atleos plus interest expense, net; plus income tax expense (benefit); plus depreciation and amortization; plus acquisition-related costs; plus pension mark-to-market adjustments, pension settlements, pension curtailments and pension special termination benefits; plus separation-related costs; plus transformation and restructuring costs (which includes integration, severance and other exit and disposal costs); plus stock-based compensation expense; plus other (expense) income items. These adjustments are considered non-operational or non-recurring in nature and are excluded from the Adjusted EBITDA metric utilized by our CODM in evaluating segment performance. Assets are not allocated to segments, and thus are not included in the assessment of segment performance. Consequently, we do not disclose total assets by reportable segment. The accounting policies used to determine the results of the operating segments are the same as those utilized for the Condensed Combined Financial Statements as a whole. Inter-segment sales and transfers are not material. Special Item Related to Russia The war in Eastern Europe and related sanctions imposed on Russia and related actors by the United States and other jurisdictions required us to commence the orderly wind down of our operations in Russia in the first quarter of 2022. As of June 30, 2023, we have ceased operations in Russia and are in the process of dissolving our only subsidiary in Russia. As a result, for the three and six months ended June 30, 2022, our presentation of segment revenue and Adjusted EBITDA exclude the immaterial impact of our operating results in Russia, as well as the impact of impairments taken to write down the carrying value of assets and liabilities, severance charges, and the assessment of collectability on revenue recognition. We consider this to be a non-recurring special item and management has reviewed the results of its business segments excluding these impacts. The following table presents revenue and Adjusted EBITDA by segment: In millions Three months ended June 30 Six months ended June 30 2023 2022 2023 2022 Revenue by segment Self-Service Banking $ 654 $ 669 $ 1,260 $ 1,268 Payments & Network 309 308 609 587 T&T 49 55 99 113 Total segment revenue 1,012 1,032 1,968 1,968 Other (1) 28 29 58 59 Other adjustment (2) — 6 — 9 Combined revenue $ 1,040 $ 1,067 $ 2,026 $ 2,036 Adjusted EBITDA by segment Self-Service Banking $ 173 $ 139 $ 312 $ 250 Payments & Network 91 86 166 172 T&T 6 13 16 24 Total Segment Adjusted EBITDA $ 270 $ 238 $ 494 $ 446 Total Segment Adjusted EBITDA $ 270 $ 238 $ 494 $ 446 Less unallocated amounts Corporate and other income and expenses not allocated to segments 72 92 150 145 Related party interest expense, net 5 6 9 17 Income tax expense 23 9 48 18 Depreciation and amortization expense 35 37 70 73 Acquisition-related amortization of intangibles 25 25 50 51 Stock-based compensation expense 19 19 33 37 Separation costs 33 — 40 — Acquisition-related costs — 3 — 8 Transformation and restructuring 5 24 5 38 Russia operations — 3 — 22 Net income attributable to NCR Atleos $ 53 $ 20 $ 89 $ 37 (1) Other revenue represents certain other immaterial business operations that do not represent a reportable segment. (2) Other adjustment reflects the revenue attributable to the Company’s operations in Russia that were excluded from management's measure of revenue due to our decision to suspend sales to Russia and the anticipated orderly wind down of our operations in Russia. The following table presents the recurring revenue and all other products and services that is recognized at a point in time for NCR Atleos: In millions Three months ended June 30 Six months ended June 30 2023 2022 2023 2022 Recurring revenue (1) $ 730 $ 707 $ 1,440 $ 1,362 All other products and services 310 360 586 674 Total revenue $ 1,040 $ 1,067 $ 2,026 $ 2,036 (1) Recurring revenue includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, processing revenue, interchange and network revenue, Bitcoin-related revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights. Revenue is attributed to the geographic area to which the product is delivered or in which the service is provided. The following table presents revenue by geographic area for NCR Atleos: In millions Three months ended June 30 Six months ended June 30 2023 2022 2023 2022 United States (“U.S.”) $ 464 $ 477 $ 931 $ 904 Americas (excluding U.S.) 133 129 252 240 Europe, Middle East and Africa 318 330 599 637 Asia Pacific 125 131 244 255 Total revenue $ 1,040 $ 1,067 $ 2,026 $ 2,036

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	5. INCOME TAXES Income tax provisions for interim (quarterly) periods are based on an estimated annual effective income tax rate calculated separately from the effect of significant, infrequent or unusual items. Income tax expense was $23 million for the three months ended June 30, 2023 compared to income tax expense of $9 million for the three months ended June 30, 2022. The change was primarily driven by discrete tax expenses and benefits and higher income before taxes in the three months ended June 30, 2023, compared to the prior year. In the three months ended June 30, 2023, the Company recognized a $2 million expense from recording a valuation allowance against deferred tax assets in Turkey. In the three months ended June 30, 2022, the Company recognized a $4 million benefit related to uncertain tax position settlements and statute of limitation lapses. Income tax expense was $48 million for the six months ended June 30, 2023 compared to income tax expense of $18 million for the six months ended June 30, 2022. The change was primarily driven by discrete tax expenses and benefits and higher income before taxes in the six months ended June 30, 2023, compared to the prior year. In the six months ended June 30, 2023, the Company recognized a $2 million expense from recording a valuation allowance against deferred tax assets in Turkey. In the six months ended June 30, 2022, the Company recognized a $4 million benefit related to uncertain tax position settlements and statute of limitation lapses. The Company engages in continuous discussions and negotiations with taxing authorities regarding tax matters, and the Company has determined that over the next 12 months it expects to resolve certain tax matters related to U.S. and foreign jurisdictions. As a result, as of June 30, 2023, we estimate that it is reasonably possible that gross unrecognized tax benefits may decrease by $2 million to $4 million in the next 12 months.

Stock Compensation Plans

Stock Compensation Plans	6 Months Ended
Stock Compensation Plans	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK COMPENSATION PLANS	6. STOCK COMPENSATION PLANS Total stock-based compensation expense for employees who exclusively support NCR Atleos operations was $6 million and $9 million for the three months ended June 30, 2023 and 2022, respectively, and $11 million and $17 million for the six months ended June 30, 2023 and 2022, respectively. Total stock-based compensation expense allocated to NCR Atleos for corporate and shared employees was $13 million and $10 million for the three months ended June 30, 2023 and 2022, respectively, and $22 million and $20 million for the six months ended June 30, 2023 and 2022, respectively. Stock-based compensation expense is recognized within Operating expenses in our Condensed Combined Statements of Operations, depending on the nature of the employee’s role in our operations. The Company recorded stock-based compensation expense specific to employees who exclusively support NCR Atleos operations as follows: In millions Three months ended June 30 Six months ended June 30 2023 2022 2023 2022 Restricted stock units $ 6 $ 8 $ 11 $ 16 Stock options — 1 — 1 Stock-based compensation expense 6 9 11 17 Tax expense (benefit) (1) (2) (2) (4) Stock-based compensation expense (net of tax) $ 5 $ 7 $ 9 $ 13 Stock-based compensation expense is recognized in the Condensed Combined Financial Statements based upon fair value. On February 13, 2023, NCR granted market-based restricted stock units vesting on December 31, 2025. The number of awards that vest are subject to the compound annual growth rate (“CAGR”) of NCR's stock price from January 1, 2023 to December 31, 2025 (the “performance period”), subject to an alternative level of achievement based on NCR's relative total shareholder return ranking among a comparison group. The fair value of the awards was determined to be $35.04 per share based on using a Monte-Carlo simulation model and will be recognized over the requisite service period. Approximately 50% of these market-based restricted stock units granted include an accelerated vesting provision if a Qualified Transaction, including a spin-off, as defined in the award agreement, takes place during the performance period (with a minimum vesting period of one year from the grant date). Upon the occurrence of a Qualified Transaction, the number of shares that vest are then based on NCR's 20-day volume-weighted average closing stock price immediately preceding the transaction date. If a Qualifying Transaction is deemed probable, the award will be recognized over the adjusted requisite service period at a fair value determined using a Monte-Carlo simulation model ranging from $35.09 to $41.77 per unit, dependent upon the estimated timing of the transaction. Transactions of this nature are subject to many variables that are highly uncertain, including the receipt of regulatory approvals and market conditions. The table below details the significant assumptions used by NCR management in determining the fair value of the market-based restricted stock units granted on February 13, 2023: Dividend yield — % Risk-free interest rate 4.15 % Expected volatility 55.90 % Expected volatility for these restricted stock units is calculated as the historical volatility of NCR's stock over a period of approximately three years, as NCR management believes this is the best representation of prospective trends. The risk-free interest rate was determined based on a three year U.S. Treasury yield curve in effect at the time of the grant.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
Employee Benefit Plans	Jun. 30, 2023
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	7. EMPLOYEE BENEFIT PLANS Single Employer Plans Components of net periodic benefit cost (income) of the single employer pension plans sponsored by NCR Atleos were as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 Net service cost $ — $ — $ — $ — Interest cost 5 3 10 6 Expected return on plan assets (7) (7) (15) (14) Amortization of prior service cost — — — — Net periodic benefit cost (income) $ (2) $ (4) $ (5) $ (8) Employer Contribution For the three and six months ended June 30, 2023, NCR Atleos contributed $1 million and $2 million respectively, to its international pension plans. NCR Atleos anticipates contributing an additional $2 million to its international pension plans for a total of $4 million in 2023. Multiemployer Plans Pension Plans NCR is the plan sponsor for certain defined benefit pension plans (including the U.S. pension plan) and other postretirement plans covering NCR Atleos employees. The participation of NCR Atleos employees in these plans is reflected as though the Company participated in a multiemployer plan. As such, these Condensed Combined Financial Statements reflect an allocation of pension and postretirement plan expense from the Parent as recorded in Operating expenses in our Condensed Combined Statements of Operations. The service costs related to pension plans and other postretirement plans allocated to the Company for the three and six months ended June 30, 2023 and 2022 were immaterial. Further, the funded status of such plans, including assets or liabilities related to the plans, are not included in the Condensed Combined Balance Sheets. The Company uses December 31 as the year-end measurement date for these plans. Postemployment Plans NCR offers various postemployment benefits to involuntarily terminated and certain inactive employees after employment but before retirement. These benefits are paid in accordance with NCR’s established postemployment benefit practices and policies. Postemployment benefits include mainly severance as well as continuation of healthcare benefits and life insurance coverage while on disability. These postemployment benefits are funded on a pay-as-you-go basis. NCR Atleos employees participate in the postemployment plans sponsored by NCR; therefore, such plans are considered multiemployer postemployment plans. Consistent with the treatment of multiemployer pension and postretirement plans, these Condensed Combined Financial Statements reflect an allocation of postemployment plan expense from the Parent as recorded in Operating expenses in our Condensed Combined Statements of Operations. The service costs related to postemployment plans allocated to the Company for the three months ended June 30, 2023 and 2022 were $1 million and $2 million, respectively. The service costs related to postemployment plans allocated to the Company for the six months ended June 30, 2023 and 2022 were $3 million and $4 million, respectively. Further, the liabilities related to these plans are not included in the Condensed Combined Balance Sheets, unless specifically identifiable to employees who exclusively supported NCR Atleos operations. Employer Contributions For the three and six months ended June 30, 2023, NCR Atleos contributed $1 million and $2 million, respectively, to its postemployment plan. NCR Atleos anticipates contributing an additional $3 million to its postemployment plan for a total of $5 million in 2023.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	8. COMMITMENTS AND CONTINGENCIES NCR Atleos provides its customers with certain indemnification rights, subject to certain limitations and exceptions. NCR Atleos agrees to defend and indemnify its customers from third-party lawsuits alleging patent or other infringement of Company solutions based on its customers' use of them. On limited occasions the Company will undertake to indemnify a customer for business, rather than contractual, reasons. From time to time, NCR Atleos also enters into agreements in connection with its acquisition and divestiture activities that include indemnification obligations by the Company. The fair value of these indemnification obligations is not readily determinable due to the conditional nature of the Company’s potential obligations and the specific facts and circumstances involved with each particular agreement. Historically, the Company has not recorded a liability in connection with these indemnifications. From time to time, the Company has provided indemnification under these circumstances, none of which has resulted in material liabilities, and the Company expects these indemnities will continue to arise in the future. Purchase Commitments The Company has purchase commitments for materials, supplies, services, and property, plant and equipment as part of the normal course of business.

Derivatives and Hedging Instrum

Derivatives and Hedging Instruments	6 Months Ended
Derivatives and Hedging Instruments	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING INSTRUMENTS	9. DERIVATIVES AND HEDGING INSTRUMENTS NCR Atleos is exposed to certain risks arising from both our business operations and economic conditions. We principally manage exposures to a wide variety of business and operational risk through management of core business activities. We manage interest rate risk associated with our vault cash rental obligations through the use of derivative financial instruments. To manage differences in the amount, timing and duration of known or expected cash payments related to our vault cash agreements we entered into interest rate cap agreements or interest rate swap contracts (“Interest Rate Derivatives”). The Company designates interest rate contracts as cash flow hedges of forecasted transactions when they are determined to be highly effective at inception. We utilize Interest Rate Derivatives to add stability to interest expense and to manage exposure to interest rate movements as part of our interest rate risk management strategy. Payments and receipts related to interest rate derivative agreements are included in Operating activities in the Condensed Combined Statements of Cash Flows. On June 1, 2022, the Company executed $2.4 billion aggregate notional amount interest rate swap contracts effective June 1, 2022 and terminating on April 1, 2025. These interest rate swap contracts had fixed rates ranging from 2.790% to 3.251%, and were designated as cash flow hedges of the floating rate interest associated with the Company’s U.S. Dollar and U.K. Pound Sterling vault cash agreements. On June 14, 2023, the Company terminated all open interest rate swap contracts for cash proceeds of $71 million. The net derivative-related gains associated with these swaps will be reclassified into earnings from Accumulated other comprehensive loss primarily through April 1, 2025, corresponding to the term of the original interest rate swap agreements. On June 14, 2023, the Company executed new $2.4 billion aggregate notional amount interest rate swap contracts effective June 14, 2023 and terminating on December 31, 2025. These interest rate swap contracts have fixed rates ranging from 4.240% to 5.274%, and have been designated as cash flow hedges of the floating rate interest associated with the Company’s U.S. Dollar and U.K. Pound Sterling vault cash agreements. At June 30, 2023, each of our outstanding Interest Rate Derivative agreements were determined to be highly effective. Amounts reported in Accumulated other comprehensive loss (“AOCL”) related to these derivatives will be reclassified to Cost of services as payments are made on the Company’s vault cash rental obligations. Unrealized gains on terminated interest rate swap and cap agreements reported in AOCL will be reclassified to Cost of services ratably over terms corresponding to the original agreements. As of June 30, 2023 and December 31, 2022, the balance in AOCL related to Interest Rate Derivatives was $90 million and $88 million, respectively. The following tables provide information on the location and amounts of derivative fair values in the Condensed Combined Balance Sheets: June 30, 2023 December 31, 2022 In millions Balance Sheet Location Notional Fair Balance Sheet Location Notional Fair Assets: Interest rate swap contracts Other current assets $ 20 Other current assets $ 36 Interest rate swap contracts Other assets 2 Other assets 27 Total assets $ 2,431 $ 22 $ 2,423 $ 63 Liabilities: Interest rate swap contracts Other liabilities $ 8 Other liabilities $ — Total liabilities $ — $ 8 $ — $ — As of June 30, 2023, the Company expects to reclassify $62 million of net derivative-related gains contained in Accumulated other comprehensive loss into earnings during the next twelve months. Gains and losses reclassified from AOCL into the Condensed Combined Statements of Operations are recorded within Cost of services. The effects of derivative instruments on the Condensed Combined Statements of Operations and Condensed Combined Statements of Comprehensive Income were as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) on Derivative Contracts $ 49 $ 10 $ 38 $ 42 Amount of (Gain) Loss Reclassified from AOCL into the Condensed Combined Statements of Operations $ (21) $ 2 $ (36) $ 3 Refer to Note 10, “Fair Value of Assets and Liabilities”, for further information on derivative assets and liabilities recorded at fair value on a recurring basis. Concentration of Credit Risk NCR Atleos is potentially subject to concentrations of credit risk on accounts receivable and financial instruments such as hedging instruments and cash and cash equivalents. Credit risk includes the risk of nonperformance by counterparties. The maximum potential loss may exceed the amount recognized on the Condensed Combined Balance Sheets. Exposure to credit risk is managed through credit approvals, credit limits, selecting major international financial institutions as counterparties to hedging transactions and monitoring procedures. NCR Atleos’s business often involves large transactions with customers, and if one or more of those customers were to default on its obligations under applicable contractual arrangements, the Company could be exposed to potentially significant losses. However, management believes that the reserves for potential losses are adequate. As of June 30, 2023 and December 31, 2022, NCR Atleos did not have any major concentration of credit risk related to financial instruments.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	6 Months Ended
Fair Value of Assets and Liabilities	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	10. FAIR VALUE OF ASSETS AND LIABILITIES Assets and liabilities recorded at fair value on a recurring basis as of June 30, 2023 and December 31, 2022 are set forth as follows: June 30, 2023 In millions Total Level 1 Level 2 Level 3 Assets: Interest rate swap contracts (1) $ 22 $ — $ 22 $ — Total assets $ 22 $ — $ 22 $ — Liabilities: Interest rate swap contracts (2) $ 8 $ — $ 8 $ — Total liabilities $ 8 $ — $ 8 $ — December 31, 2022 In millions Total Level 1 Level 2 Level 3 Assets: Interest rate swap contracts (1) $ 63 $ — $ 63 $ — Total assets $ 63 $ — $ 63 $ — Liabilities: Interest rate swap contracts (2) $ — $ — $ — $ — Total liabilities $ — $ — $ — $ — (1) Included in Other current assets and Other assets in the Condensed Combined Balance Sheets. (2) Included in Other liabilities in the Condensed Combined Balance Sheets.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
Accumulated Other Comprehensive Loss	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	11. ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in AOCL by Component In millions Currency Translation Adjustments Changes in Employee Benefit Plans Changes in Fair Value of Effective Cash Flow Hedges Total Balance as of December 31, 2022 $ (133) $ (18) $ 88 $ (63) Other comprehensive income before reclassifications 24 — 30 54 Amounts reclassified from AOCL — — (28) (28) Net current period other comprehensive income 24 — 2 26 Balance as of June 30, 2023 $ (109) $ (18) $ 90 $ (37) In millions Currency Translation Adjustments Changes in Employee Benefit Plans Changes in Fair Value of Effective Cash Flow Hedges Total Balance as of December 31, 2021 $ (84) $ (18) $ 4 $ (98) Other comprehensive loss before reclassifications (63) — 33 (30) Amounts reclassified from AOCL — — 2 2 Net current period other comprehensive loss (63) — 35 (28) Balance as of June 30, 2022 $ (147) $ (18) $ 39 $ (126) Reclassifications Out of AOCL For the three months ended June 30, 2023 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Combined Statement of Operations: Cost of services $ — $ — $ (21) $ (21) Total before tax $ — $ — $ (21) $ (21) Tax expense 5 Total reclassifications, net of tax $ (16) For the three months ended June 30, 2022 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Combined Statement of Operations: Cost of services $ — $ — $ 2 $ 2 Total before tax $ — $ — $ 2 $ 2 Tax expense (1) Total reclassifications, net of tax $ 1 For the six months ended June 30, 2023 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Combined Statement of Operations: Cost of services $ — $ — $ (36) $ (36) Total before tax $ — $ — $ (36) $ (36) Tax expense 8 Total reclassifications, net of tax $ (28) For the six months ended June 30, 2022 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Combined Statement of Operations: Cost of services $ — $ — $ 3 $ 3 Total before tax $ — $ — $ 3 $ 3 Tax expense (1) Total reclassifications, net of tax $ 2

Related Parties

Related Parties	6 Months Ended
Related Parties	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTIES	12. RELATED PARTIES Cash management and financing The Company participates in NCR’s centralized treasury and cash management programs. In certain jurisdictions, disbursements are made through centralized accounts payable systems which are operated by the Parent. Similarly, cash receipts in these jurisdictions are mostly transferred to centralized accounts, which are also maintained by the Parent. As cash is received and disbursed by the Parent, it is accounted for by the Company through Net parent investment. Cash and cash equivalents and restricted cash in the Condensed Combined Balance Sheets represent cash and cash equivalents and restricted cash held by legal entities of the Company that are specifically attributable to the Company. Allocation of centralized costs The Condensed Combined Statements of Operations include expenses for certain centralized functions and other programs provided and/or administered by the Parent that are charged directly to the Company. In addition, for purposes of preparing these Condensed Combined Financial Statements, a portion of the Parent’s total corporate general and administrative expenses have been allocated to the Company. See Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”, for further information. Parent company allocations reflected in the Condensed Combined Statements of Operations are as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 Cost of products $ 8 $ 7 $ 15 $ 12 Cost of services 23 20 45 36 Selling, general and administrative expense 40 57 84 107 Research and development expense 7 5 13 7 Total allocated costs $ 78 $ 89 $ 157 $ 162 Trade receivables securitization NCR participates in a trade receivables securitization program arranged by PNC Bank, National Association and various lenders. Under the securitization program, trade receivables are continuously sold as they are originated to NCR wholly-owned bankruptcy-remote special purpose entities in the U.S. and Canada (collectively, the “SPEs”). NCR accounts for transfers under these securitization arrangements as sales because full title and ownership in the underlying receivables and control of the receivables is considered transferred and its assets are not available to creditors. NCR wholly owns and therefore consolidates the SPEs in its consolidated financial statements. As the SPEs are not NCR Atleos entities, the activities of the SPEs are not presented in our Condensed Combined Financial Statements. NCR Atleos receivables included within NCR’s trade receivables securitization program were $42 million and $36 million as of June 30, 2023 and December 31, 2022, respectively, and are recorded within Related party receivable, current in the Condensed Combined Balance Sheets. Additionally, transfers of NCR Atleos receivables to the SPEs, which have been derecognized and removed from our Condensed Combined Balance Sheets at the date of transfer, were $141 million and $199 million at June 30, 2023 and December 31, 2022, respectively. Related-party notes Related party notes consisted of the following: In millions June 30, 2023 December 31, 2022 Related party notes receivable, current (1) $ 10 $ 8 Related party notes receivable, non-current (2) 320 336 Related party notes receivable $ 330 $ 344 Short-term borrowings from related party (3) $ 571 $ 108 Long-term borrowings from related party 214 717 Borrowings from related party $ 785 $ 825 (1) Included in Related party receivables, current in the Condensed Combined Balance Sheets (2) Included in Related party receivables, non-current in the Condensed Combined Balance Sheets (3) Includes $90 million and $108 million of borrowings with an interest rate of 0% as of June 30, 2023 and December 31, 2022, respectively. Related party notes receivable The Company has notes receivable from related parties that will be settled in cash. The weighted-average interest rate for these notes was approximately 3.7% and 3.1% as of June 30, 2023 and December 31, 2022, respectively. As of June 30, 2023 and December 31, 2022, the Company had interest receivable on these notes of $5 million and $3 million, respectively, recorded in Related party receivable, current in the Condensed Combined Balance Sheets. The Company recognized $3 million and $0 million of interest income, for the three months ended June 30, 2023 and 2022, respectively, and $6 million and $1 million of interest income, for the six months ended June 30, 2023 and 2022, respectively, related to these notes, which is included in Related party interest expense, net in the Condensed Combined Statements of Operations. Related party borrowings The Company has borrowings due to related parties that will be settled in cash. The weighted-average interest rate for these borrowings was approximately 4.3% and 3.6% as of June 30, 2023 and December 31, 2022, respectively. As of June 30, 2023 and December 31, 2022, the Company had interest payable of $12 million and $13 million, respectively, recorded in Related party payable, current in the Condensed Combined Balance Sheets. The Company recognized $8 million and $6 million of interest expense, for the three months ended June 30, 2023 and 2022, respectively, and $15 million and $18 million of interest expense, for the six months ended June 30, 2023 and 2022, respectively, related to these borrowings, which is included in Related party interest expense, net in the Condensed Combined Statements of Operations. Net transfers from (to) Parent The net effect of transactions between the Company and NCR are included within Net transfers from (to) Parent in the Condensed Combined Statements of Cash Flows and within Net transfers from (to) Parent in the Condensed Combined Statements of Changes in Equity. The components of Net transfers from (to) Parent are as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 General financing activities $ (101) $ 493 $ (246) $ 459 Allocation of centralized costs 78 89 157 $ 162 Acquisition of businesses — — — 67 Net transfers from (to) Parent—Combined Statements of Cash Flows (23) 582 (89) 688 Stock based compensation expense 19 19 33 37 Net transfers from (to) Parent—Combined Statements of Changes in Equity $ (4) $ 601 $ (56) $ 725

Supplemental Financial Informat

Supplemental Financial Information	6 Months Ended
Supplemental Financial Information	Jun. 30, 2023
Supplemental Financial Information [Abstract]
SUPPLEMENTAL FINANCIAL INFORMATION	13. SUPPLEMENTAL FINANCIAL INFORMATION The components of Other (expense) income, net are summarized as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 Foreign currency fluctuations $ (1) $ (4) $ (4) $ (2) Employee benefit plans 2 4 5 8 Other, net — (5) — (9) Total other (expense) income, net $ 1 $ (5) $ 1 $ (3) The components of Accounts receivable are summarized as follows: In millions June 30, 2023 December 31, 2022 Trade $ 424 $ 445 Other 27 26 Accounts receivable, gross 451 471 Less: allowance for credit losses (16) (16) Total accounts receivable, net $ 435 $ 455 The components of Inventories are summarized as follows: In millions June 30, 2023 December 31, 2022 Work in process and raw materials $ 42 $ 59 Finished goods 94 87 Service parts 269 273 Total inventories $ 405 $ 419

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net (loss) income attributable to parent	$ 53	$ 20	$ 89	$ 37

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	The accompanying Condensed Combined Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) without audit pursuant to the rules and regulations of the U.S. SEC and, in the opinion of management, include all adjustments (consisting of normal, recurring adjustments, unless otherwise disclosed) necessary for a fair statement of the condensed combined results of operations, financial position, and cash flows for each period presented. The combined results for the interim periods are not necessarily indicative of results to be expected for the full year. The 2022 year-end Condensed Combined Balance Sheet was derived from audited financial statements but does not include all disclosures required by GAAP. These financial statements have been prepared on a consistent basis, and should be read in conjunction with, financial statements and notes included in our audited Combined Financial Statements for the year ended December 31, 2022, included in our Form 10 (as previously referred to as NCR ATMCo), and in our information statement, dated August 14, 2023.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the periods reported. Estimates are used when accounting for receivable and inventory reserves, depreciation and amortization of long-lived assets, employee benefit plan obligations, asset retirement obligations, product liabilities, income and withholding taxes, contingencies, valuation of business combinations, and allocations of cost and expenses from the Parent. Although our estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing variants of the coronavirus (“COVID-19”) pandemic, macroeconomic pressures and geopolitical challenges. The ultimate impact on our overall financial condition and operating results will depend on supply chain challenges and cost escalations including materials, labor and freight, and any additional governmental and public actions taken in response. As a result, our accounting estimates and assumptions may change over time as a consequence of these external factors. Such changes could result in future impairments of goodwill, intangible assets, long-lived assets, incremental credit losses on accounts receivable and decreases in the carrying amount of our tax assets.
Subsequent Events	Subsequent Events The Condensed Combined Financial Statements were derived from the condensed consolidated financial statements of NCR, which issued its interim financial statements as of and for the six months ended June 30, 2023 on August 2, 2023. Accordingly, the Company has evaluated transactions for consideration as recognized subsequent events in these financial statements through the date of August 2, 2023. Additionally, the Company has evaluated transactions that occurred through September 5, 2023, the date the Condensed Combined Financial Statements were available for issuance, for the purposes of unrecognized subsequent events.
Remaining Performance Obligations	Remaining Performance Obligations Remaining performance obligations represent the transaction price of orders for which products have not been delivered or services have not been performed. As of June 30, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $2.3 billion . The Company expects to recognize revenue on approximately three-quarters of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. The majority of our professional services are expected to be recognized over the next 12 months but this is contingent upon a number of factors, including customers’ needs and schedules.
Allowance for Credit Losses on Accounts Receivable	Allowance for Credit Losses on Accounts Receivable The allowance for credit losses as of June 30, 2023 and December 31, 2022 was $16 million and $16 million, respectively. We continue to evaluate our reserves in light of the age and quality of our outstanding accounts receivable as well as risks to specific industries or countries and adjust the reserves accordingly. The impact to our allowance for credit lo sses for the three and six months ended June 30, 2023 and 2022 was immaterial. The Company recorded immaterial write-offs against the reserve for the three and six months ended June 30, 2023 and 2022.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adoption of New Accounting Pronouncements In October 2021, the FASB issued accounting standards update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , with new guidance for contract assets and contract liabilities acquired in a business combination. The new guidance requires contract assets and contract liabilities, such as deferred revenue, acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers . Prior to the issuance of this guidance, contract assets and contract liabilities were recognized by the acquirer at fair value on the acquisition date. The accounting standards update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted and should be applied prospectively to acquisitions occurring on or after the effective date. The adoption of this accounting standards update did not have a material effect on the Company’s net income, cash flows or financial condition. Although there are other new accounting pronouncements issued by the FASB and adopted by or effective for the Company, the Company does not believe any of these accounting pronouncements had a material impact on its Condensed Combined Financial Statements. Accounting Pronouncements Issued But Not Yet Adopted Although there are new accounting pronouncements issued by the FASB and not yet adopted by or effective for the Company, the Company does not believe any of these accounting pronouncements will have a material impact on its Condensed Combined Financial Statements.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Reconciliation of Cash, Cash Equivalents, and Restricted Cash	The reconciliation of cash, cash equivalents and restricted cash in the Condensed Combined Statements of Cash Flows is as follows: In millions June 30 Balance Sheet Location 2023 2022 Cash and cash equivalents Cash and cash equivalents $ 337 $ 259 Short term restricted cash Restricted cash 226 189 Long term restricted cash Other assets 2 5 Total cash, cash equivalents and restricted cash $ 565 $ 453
Schedule of Net Contract Assets and Contract Liabilities Balances	The following table presents the net contract asset and contract liability balances as of June 30, 2023 and December 31, 2022. In millions Balance Sheet Location June 30, 2023 December 31, 2022 Current portion of contract liabilities Contract liabilities $ 370 $ 356 Non-current portion of contract liabilities Other liabilities $ 23 $ 31

Goodwill and Purchased Intang_2

Goodwill and Purchased Intangible Assets (Tables)	6 Months Ended
Goodwill and Purchased Intangible Assets (Tables)	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill by Segment	The carrying amounts of goodwill by segment as of June 30, 2023 and December 31, 2022 are included in the table below. Foreign currency fluctuations are included within other adjustments . In millions Self-Service Banking (1) Payments & Network Total Balance as of December 31, 2022 $ 254 $ 1,695 $ 1,949 Other adjustments 1 1 2 Balance as of June 30, 2023 $ 255 $ 1,696 $ 1,951 (1) The carrying amount of goodwill for the Self-Service Banking segment is presented net of accumulated impairment losses of $16 million as of each period end.
Schedule of Purchased Intangible Assets	The gross carrying amount and accumulated amortization for the Company’s identifiable intangible assets were as set forth in the table below. Amortization June 30, 2023 December 31, 2022 In millions Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Direct customer relationships 1 - 15 $ 389 $ (71) $ 389 $ (58) Technology-software 3 - 8 494 (156) 494 (125) Tradenames 1 - 10 50 (27) 50 (21) Total identifiable intangible assets $ 933 $ (254) $ 933 $ (204)
Schedule of Aggregate Amortization Expense	Amortization expense related to identifiable intangible assets for the following periods is: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 Amortization expense $ 25 $ 25 $ 50 $ 51 The estimated aggregate amortization expense for identifiable intangible assets for the following periods is: For the years ended December 31 In millions Remainder of 2023 2024 2025 2026 2027 Amortization expense $ 52 $ 97 $ 93 $ 85 $ 77

Segment Information and Conce_2

Segment Information and Concentrations (Tables)	6 Months Ended
Segment Information and Concentrations (Tables)	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Revenue and Operating Income by Segment	The following table presents revenue and Adjusted EBITDA by segment: In millions Three months ended June 30 Six months ended June 30 2023 2022 2023 2022 Revenue by segment Self-Service Banking $ 654 $ 669 $ 1,260 $ 1,268 Payments & Network 309 308 609 587 T&T 49 55 99 113 Total segment revenue 1,012 1,032 1,968 1,968 Other (1) 28 29 58 59 Other adjustment (2) — 6 — 9 Combined revenue $ 1,040 $ 1,067 $ 2,026 $ 2,036 Adjusted EBITDA by segment Self-Service Banking $ 173 $ 139 $ 312 $ 250 Payments & Network 91 86 166 172 T&T 6 13 16 24 Total Segment Adjusted EBITDA $ 270 $ 238 $ 494 $ 446 Total Segment Adjusted EBITDA $ 270 $ 238 $ 494 $ 446 Less unallocated amounts Corporate and other income and expenses not allocated to segments 72 92 150 145 Related party interest expense, net 5 6 9 17 Income tax expense 23 9 48 18 Depreciation and amortization expense 35 37 70 73 Acquisition-related amortization of intangibles 25 25 50 51 Stock-based compensation expense 19 19 33 37 Separation costs 33 — 40 — Acquisition-related costs — 3 — 8 Transformation and restructuring 5 24 5 38 Russia operations — 3 — 22 Net income attributable to NCR Atleos $ 53 $ 20 $ 89 $ 37 (1) Other revenue represents certain other immaterial business operations that do not represent a reportable segment.
Schedule of Revenues from Products and Services	The following table presents the recurring revenue and all other products and services that is recognized at a point in time for NCR Atleos: In millions Three months ended June 30 Six months ended June 30 2023 2022 2023 2022 Recurring revenue (1) $ 730 $ 707 $ 1,440 $ 1,362 All other products and services 310 360 586 674 Total revenue $ 1,040 $ 1,067 $ 2,026 $ 2,036 (1) Recurring revenue includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, processing revenue, interchange and network revenue, Bitcoin-related revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights.
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area	Revenue is attributed to the geographic area to which the product is delivered or in which the service is provided. The following table presents revenue by geographic area for NCR Atleos: In millions Three months ended June 30 Six months ended June 30 2023 2022 2023 2022 United States (“U.S.”) $ 464 $ 477 $ 931 $ 904 Americas (excluding U.S.) 133 129 252 240 Europe, Middle East and Africa 318 330 599 637 Asia Pacific 125 131 244 255 Total revenue $ 1,040 $ 1,067 $ 2,026 $ 2,036

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	6 Months Ended
Stock Compensation Plans (Tables)	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Expense	The Company recorded stock-based compensation expense specific to employees who exclusively support NCR Atleos operations as follows: In millions Three months ended June 30 Six months ended June 30 2023 2022 2023 2022 Restricted stock units $ 6 $ 8 $ 11 $ 16 Stock options — 1 — 1 Stock-based compensation expense 6 9 11 17 Tax expense (benefit) (1) (2) (2) (4) Stock-based compensation expense (net of tax) $ 5 $ 7 $ 9 $ 13
Schedule of Valuation Assumptions Used To Estimate Fair Value of Stock Options	The table below details the significant assumptions used by NCR management in determining the fair value of the market-based restricted stock units granted on February 13, 2023: Dividend yield — % Risk-free interest rate 4.15 % Expected volatility 55.90 %

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
Employee Benefit Plans (Tables)	Jun. 30, 2023
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	Components of net periodic benefit cost (income) of the single employer pension plans sponsored by NCR Atleos were as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 Net service cost $ — $ — $ — $ — Interest cost 5 3 10 6 Expected return on plan assets (7) (7) (15) (14) Amortization of prior service cost — — — — Net periodic benefit cost (income) $ (2) $ (4) $ (5) $ (8) Employer Contribution For the three and six months ended June 30, 2023, NCR Atleos contributed $1 million and $2 million respectively, to its international pension plans. NCR Atleos anticipates contributing an additional $2 million to its international pension plans for a total of $4 million in 2023.

Derivatives and Hedging Instr_2

Derivatives and Hedging Instruments (Tables)	6 Months Ended
Derivatives and Hedging Instruments (Tables)	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Location and Amounts of Derivative Fair Values in the Condensed Consolidated Balance Sheets	The following tables provide information on the location and amounts of derivative fair values in the Condensed Combined Balance Sheets: June 30, 2023 December 31, 2022 In millions Balance Sheet Location Notional Fair Balance Sheet Location Notional Fair Assets: Interest rate swap contracts Other current assets $ 20 Other current assets $ 36 Interest rate swap contracts Other assets 2 Other assets 27 Total assets $ 2,431 $ 22 $ 2,423 $ 63 Liabilities: Interest rate swap contracts Other liabilities $ 8 Other liabilities $ — Total liabilities $ — $ 8 $ — $ —
Schedule Effects of Derivative Instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income	The effects of derivative instruments on the Condensed Combined Statements of Operations and Condensed Combined Statements of Comprehensive Income were as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) on Derivative Contracts $ 49 $ 10 $ 38 $ 42 Amount of (Gain) Loss Reclassified from AOCL into the Condensed Combined Statements of Operations $ (21) $ 2 $ (36) $ 3

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	6 Months Ended
Fair Value of Assets and Liabilities (Tables)	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis	Assets and liabilities recorded at fair value on a recurring basis as of June 30, 2023 and December 31, 2022 are set forth as follows: June 30, 2023 In millions Total Level 1 Level 2 Level 3 Assets: Interest rate swap contracts (1) $ 22 $ — $ 22 $ — Total assets $ 22 $ — $ 22 $ — Liabilities: Interest rate swap contracts (2) $ 8 $ — $ 8 $ — Total liabilities $ 8 $ — $ 8 $ — December 31, 2022 In millions Total Level 1 Level 2 Level 3 Assets: Interest rate swap contracts (1) $ 63 $ — $ 63 $ — Total assets $ 63 $ — $ 63 $ — Liabilities: Interest rate swap contracts (2) $ — $ — $ — $ — Total liabilities $ — $ — $ — $ — (1) Included in Other current assets and Other assets in the Condensed Combined Balance Sheets. (2) Included in Other liabilities in the Condensed Combined Balance Sheets.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Abstract]
Schedule of Changes in AOCI by Component	Changes in AOCL by Component In millions Currency Translation Adjustments Changes in Employee Benefit Plans Changes in Fair Value of Effective Cash Flow Hedges Total Balance as of December 31, 2022 $ (133) $ (18) $ 88 $ (63) Other comprehensive income before reclassifications 24 — 30 54 Amounts reclassified from AOCL — — (28) (28) Net current period other comprehensive income 24 — 2 26 Balance as of June 30, 2023 $ (109) $ (18) $ 90 $ (37) In millions Currency Translation Adjustments Changes in Employee Benefit Plans Changes in Fair Value of Effective Cash Flow Hedges Total Balance as of December 31, 2021 $ (84) $ (18) $ 4 $ (98) Other comprehensive loss before reclassifications (63) — 33 (30) Amounts reclassified from AOCL — — 2 2 Net current period other comprehensive loss (63) — 35 (28) Balance as of June 30, 2022 $ (147) $ (18) $ 39 $ (126)
Reclassification Out of AOCI	Reclassifications Out of AOCL For the three months ended June 30, 2023 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Combined Statement of Operations: Cost of services $ — $ — $ (21) $ (21) Total before tax $ — $ — $ (21) $ (21) Tax expense 5 Total reclassifications, net of tax $ (16) For the three months ended June 30, 2022 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Combined Statement of Operations: Cost of services $ — $ — $ 2 $ 2 Total before tax $ — $ — $ 2 $ 2 Tax expense (1) Total reclassifications, net of tax $ 1 For the six months ended June 30, 2023 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Combined Statement of Operations: Cost of services $ — $ — $ (36) $ (36) Total before tax $ — $ — $ (36) $ (36) Tax expense 8 Total reclassifications, net of tax $ (28) For the six months ended June 30, 2022 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Combined Statement of Operations: Cost of services $ — $ — $ 3 $ 3 Total before tax $ — $ — $ 3 $ 3 Tax expense (1) Total reclassifications, net of tax $ 2

Related Parties (Tables)

Related Parties (Tables)	6 Months Ended
Related Parties (Tables)	Jun. 30, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Parent company allocations reflected in the Condensed Combined Statements of Operations are as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 Cost of products $ 8 $ 7 $ 15 $ 12 Cost of services 23 20 45 36 Selling, general and administrative expense 40 57 84 107 Research and development expense 7 5 13 7 Total allocated costs $ 78 $ 89 $ 157 $ 162 Related party notes consisted of the following: In millions June 30, 2023 December 31, 2022 Related party notes receivable, current (1) $ 10 $ 8 Related party notes receivable, non-current (2) 320 336 Related party notes receivable $ 330 $ 344 Short-term borrowings from related party (3) $ 571 $ 108 Long-term borrowings from related party 214 717 Borrowings from related party $ 785 $ 825 (1) Included in Related party receivables, current in the Condensed Combined Balance Sheets (2) Included in Related party receivables, non-current in the Condensed Combined Balance Sheets (3) Includes $90 million and $108 million of borrowings with an interest rate of 0% as of June 30, 2023 and December 31, 2022, respectively. The net effect of transactions between the Company and NCR are included within Net transfers from (to) Parent in the Condensed Combined Statements of Cash Flows and within Net transfers from (to) Parent in the Condensed Combined Statements of Changes in Equity. The components of Net transfers from (to) Parent are as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 General financing activities $ (101) $ 493 $ (246) $ 459 Allocation of centralized costs 78 89 157 $ 162 Acquisition of businesses — — — 67 Net transfers from (to) Parent—Combined Statements of Cash Flows (23) 582 (89) 688 Stock based compensation expense 19 19 33 37 Net transfers from (to) Parent—Combined Statements of Changes in Equity $ (4) $ 601 $ (56) $ 725

Supplemental Financial Inform_2

Supplemental Financial Information (Tables)	6 Months Ended
Supplemental Financial Information (Tables)	Jun. 30, 2023
Supplemental Financial Information [Abstract]
Schedule of Interest and Other Income	The components of Other (expense) income, net are summarized as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2022 2023 2022 Foreign currency fluctuations $ (1) $ (4) $ (4) $ (2) Employee benefit plans 2 4 5 8 Other, net — (5) — (9) Total other (expense) income, net $ 1 $ (5) $ 1 $ (3)
Schedule of Components of Accounts Receivable	The components of Accounts receivable are summarized as follows: In millions June 30, 2023 December 31, 2022 Trade $ 424 $ 445 Other 27 26 Accounts receivable, gross 451 471 Less: allowance for credit losses (16) (16) Total accounts receivable, net $ 435 $ 455
Schedule of Components of Inventory	The components of Inventories are summarized as follows: In millions June 30, 2023 December 31, 2022 Work in process and raw materials $ 42 $ 59 Finished goods 94 87 Service parts 269 273 Total inventories $ 405 $ 419

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognized that was included in contract liabilities	$ 177	$ 189
Remaining performance obligations	2,300
Allowance for credit loss	$ 16		$ 16
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction	12 months
Remaining performance obligation, percentage	75%

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Cash and Cash equivalents (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 337	$ 293	$ 259
Short term restricted cash	226	204	189
Long term restricted cash	2		5
Total cash, cash equivalents and restricted cash	$ 565	$ 499	$ 453	$ 470

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Current portion of contract liabilities	$ 370	$ 356
Non-current portion of contract liabilities	$ 23	$ 31

Business Combinations - Additio

Business Combinations - Additional Information (Details) - LibertyX $ / shares in Units, shares in Millions, $ in Millions	Jan. 05, 2022 USD ($) $ / shares shares
Business Acquisition [Line Items]
Share consideration value \| $	$ 1
Shares issued (in shares) \| shares	1.4
Acquired share price (in dollars per share) \| $ / shares	$ 42.13
Number of shares converted (in shares) \| shares	0.2
Consideration transferred \| $	$ 69

Goodwill and Purchased Intang_3

Goodwill and Purchased Intangible Assets - Goodwill by Segments (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Total beginning balance	$ 1,949
Other adjustments	2
Total ending balance	1,951
Self-Service Banking
Goodwill [Roll Forward]
Total beginning balance	254
Other adjustments	1
Total ending balance	255
Goodwill, accumulated impairment loss	16	$ 16
Payments & Network
Goodwill [Roll Forward]
Total beginning balance	1,695
Other adjustments	1
Total ending balance	$ 1,696

Goodwill and Purchased Intang_4

Goodwill and Purchased Intangible Assets - Purchased Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 933	$ 933
Accumulated Amortization	(254)	(204)
Direct customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	389	389
Accumulated Amortization	$ (71)	(58)
Direct customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	1 year
Direct customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	15 years
Technology-software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 494	494
Accumulated Amortization	$ (156)	(125)
Technology-software \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	3 years
Technology-software \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	8 years
Tradenames
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 50	50
Accumulated Amortization	$ (27)	$ (21)
Tradenames \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	1 year
Tradenames \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	10 years

Goodwill and Purchased Intang_5

Goodwill and Purchased Intangible Assets - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisition-related amortization of intangibles	$ 25	$ 25	$ 50	$ 51
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2023	52		52
2024	97		97
2025	93		93
2026	85		85
2027	$ 77		$ 77

Segment Information and Conce_3

Segment Information and Concentrations - Revenue and Operating Income By Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 1,040	$ 1,067	$ 2,026	$ 2,036
Adjusted EBITDA by segment	270	238	494	446
Corporate and other income and expenses not allocated to segments	72	92	150	145
Related party interest expense, net	(5)	(6)	(9)	(17)
Income tax expense	23	9	48	18
Depreciation and amortization expense	35	37	70	73
Acquisition-related amortization of intangibles	25	25	50	51
Stock-based compensation expense	19	19	33	37
Separation costs	33	0	40	0
Acquisition-related costs	0	3	0	8
Transformation and restructuring	5	24	5	38
Russia operations	0	3	0	22
Net income attributable to NCR Atleos	53	20	89	37
Related Party
Segment Reporting Information [Line Items]
Related party interest expense, net	5	6	9	17
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	1,012	1,032	1,968	1,968
Adjusted EBITDA by segment	270	238	494	446
Other
Segment Reporting Information [Line Items]
Total revenue	28	29	58	59
Other adjustment
Segment Reporting Information [Line Items]
Total revenue	0	6	0	9
Self-Service Banking \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	654	669	1,260	1,268
Adjusted EBITDA by segment	173	139	312	250
Payments & Network \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	309	308	609	587
Adjusted EBITDA by segment	91	86	166	172
T&T \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	49	55	99	113
Adjusted EBITDA by segment	$ 6	$ 13	$ 16	$ 24

Segment Information and Conce_4

Segment Information and Concentrations - Revenue by Products and Services (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue from External Customer [Line Items]
Total revenue	$ 1,040	$ 1,067	$ 2,026	$ 2,036
Recurring revenue
Revenue from External Customer [Line Items]
Total revenue	730	707	1,440	1,362
All other products and services
Revenue from External Customer [Line Items]
Total revenue	$ 310	$ 360	$ 586	$ 674

Segment Information and Conce_5

Segment Information and Concentrations - Revenue by Geography (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 1,040	$ 1,067	$ 2,026	$ 2,036
United States (“U.S.”)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	464	477	931	904
Americas (excluding U.S.)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	133	129	252	240
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	318	330	599	637
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 125	$ 131	$ 244	$ 255

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Contingency [Line Items]
Income tax expense	$ 23	$ 9	$ 48	$ 18
Income tax expense, valuation allowance	2		2
Income tax benefit, uncertain tax positions	4			$ 4
Minimum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	2		2
Maximum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	$ 4		$ 4

Stock Compensation Plans - Stoc

Stock Compensation Plans - Stock-based Compensation Expense (Details) - NCR Atleos Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units	$ 6	$ 8	$ 11	$ 16
Stock options	0	1	0	1
Stock-based compensation expense	6	9	11	17
Tax expense (benefit)	(1)	(2)	(2)	(4)
Stock-based compensation expense (net of tax)	$ 5	$ 7	$ 9	$ 13

Stock Compensation Plans - Narr

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
	Feb. 13, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in dollars per share)	$ 35.04
NCR Atleos Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 6	$ 9	$ 11	$ 17
NCR Atleos Corporate and Shared Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		13	$ 10	$ 22	$ 20
Performance Shares \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	35.09
Performance Shares \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	$ 41.77
Performance Shares \| Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	50%
Vesting period of awards granted	1 year
Weighted average closing stock price per day volume	20 days
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value assumptions, expected term				3 years
Unrecognized compensation cost related to unvested awards		$ 42		$ 42
Weighted average period to recognized compensation cost related to unvested awards				1 year 2 months 12 days

Stock Compensation Plans - Valu

Stock Compensation Plans - Valuation Assumptions Used for Restricted Stock Units with a Market Condition (Details) - Restricted Stock Units	Feb. 13, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0%
Risk-free interest rate	4.15%
Expected volatility	55.90%

Employee Benefit Plans - Postem

Employee Benefit Plans - Postemployment Pension Plan (Details) - Pension Plan - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	5	3	10	6
Expected return on plan assets	(7)	(7)	(15)	(14)
Amortization of prior service cost	0	0	0	0
Net periodic benefit cost (income)	$ (2)	$ (4)	$ (5)	$ (8)

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net service cost	$ 0	$ 0	$ 0	$ 0
Pension Plan \| Foreign Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer	1		2
Expected future benefit payment, remainder of fiscal year	2		2
Total estimated contributions by employer during fiscal year	4		4
Postemployment Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer	1		2
Expected future benefit payment, remainder of fiscal year	3		3
Total estimated contributions by employer during fiscal year	5		5
Net service cost	$ 1	$ 2	$ 3	$ 4

Derivatives and Hedging Instr_3

Derivatives and Hedging Instruments - Narrative (Details) - USD ($) $ in Millions	Jun. 14, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Jun. 01, 2022	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Proceeds from termination of open interest rate swap contracts	$ 71
Total stockholders’ equity		$ 3,321	$ 3,254	$ 3,262	$ 3,070		$ 2,482	$ 2,336
Net derivative-related gains reclassified into earnings		62
Minimum
Derivative [Line Items]
Average variable interest rate						2.79%
Maximum
Derivative [Line Items]
Average variable interest rate						3.251%
AOCI Attributable to interest rate derivatives
Derivative [Line Items]
Total stockholders’ equity		$ 90		$ 88
Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	$ 2,400					$ 2,400
Interest Rate Swap \| Minimum
Derivative [Line Items]
Fixed interest rate	4.24%
Interest Rate Swap \| Maximum
Derivative [Line Items]
Fixed interest rate	5.274%

Derivatives and Hedging Instr_4

Derivatives and Hedging Instruments - Derivative Fair Values (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Assets:
Derivative asset, notional amount	$ 2,431	$ 2,423
Derivative assets, fair value	$ 22	63
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets, Other assets
Liabilities:
Derivative liability, notional amount	$ 0	0
Derivative liabilities, fair value	$ 8	0
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Interest Rate Swap
Liabilities:
Derivative liabilities, fair value	$ 8	0
Interest Rate Swap \| Other current assets
Assets:
Derivative assets, fair value	20	36
Interest Rate Swap \| Other assets
Assets:
Derivative assets, fair value	$ 2	$ 27

Derivatives and Hedging Instr_5

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) on Derivative Contracts	$ 49	$ 10	$ 38	$ 42
Amount of (Gain) Loss Reclassified from AOCL into the Condensed Combined Statements of Operations	$ (21)	$ 2	$ (36)	$ 3

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Details) - Fair Value, Recurring - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements	$ 0	$ 0
Total assets	0	0
Interest rate swap agreements	0	0
Total liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements	22	63
Total assets	22	63
Interest rate swap agreements	8	0
Total liabilities	8	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements	0	0
Total assets	0	0
Interest rate swap agreements	0	0
Total liabilities	0	0
Total
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements	22	63
Total assets	22	63
Interest rate swap agreements	8	0
Total liabilities	$ 8	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in AOCI by Component (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 3,262	$ 2,336
Balance at end of period	3,321	3,070
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(63)	(98)
Other comprehensive income before reclassifications	54	(30)
Amounts reclassified from AOCL	(28)	2
Net current period other comprehensive income	26	(28)
Balance at end of period	(37)	(126)
Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(133)	(84)
Other comprehensive income before reclassifications	24	(63)
Amounts reclassified from AOCL	0	0
Net current period other comprehensive income	24	(63)
Balance at end of period	(109)	(147)
Changes in Employee Benefit Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(18)	(18)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from AOCL	0	0
Net current period other comprehensive income	0	0
Balance at end of period	(18)	(18)
Effective Cash Flow Hedge Loss (Gain)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	88	4
Other comprehensive income before reclassifications	30	33
Amounts reclassified from AOCL	(28)	2
Net current period other comprehensive income	2	35
Balance at end of period	$ 90	$ 39

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	$ (23)	$ (9)	$ (48)	$ (18)
Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of services	(578)	(565)	(1,149)	(1,106)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before tax	(21)	2	(36)	3
Income tax expense	5	(1)	8	(1)
Total reclassifications, net of tax	(16)	1	(28)	2
Reclassification out of Accumulated Other Comprehensive Income \| Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of services	(21)	2	(36)	3
Amortization of Actuarial Loss (Gain) \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before tax	0	0	0	0
Amortization of Actuarial Loss (Gain) \| Reclassification out of Accumulated Other Comprehensive Income \| Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of services	0	0	0	0
Amortization of Prior Service Benefit \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before tax	0	0	0	0
Amortization of Prior Service Benefit \| Reclassification out of Accumulated Other Comprehensive Income \| Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of services	0	0	0	0
Effective Cash Flow Hedge Loss (Gain) \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before tax	(21)	2	(36)	3
Effective Cash Flow Hedge Loss (Gain) \| Reclassification out of Accumulated Other Comprehensive Income \| Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of services	$ (21)	$ 2	$ (36)	$ 3

Related Parties - Parent Alloca

Related Parties - Parent Allocation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Selling, general and administrative expense	$ 149	$ 169	$ 285	$ 315
Research and development expense	19	25	37	45
Total operating expenses	961	1,025	1,881	1,960
Related Party
Related Party Transaction [Line Items]
Selling, general and administrative expense	40	57	84	107
Research and development expense	7	5	13	7
Total operating expenses	78	89	157	162
Product
Related Party Transaction [Line Items]
Cost of services	215	266	410	494
Product \| Related Party
Related Party Transaction [Line Items]
Cost of services	8	7	15	12
Cost of services
Related Party Transaction [Line Items]
Cost of services	578	565	1,149	1,106
Cost of services \| Related Party
Related Party Transaction [Line Items]
Cost of services	$ 23	$ 20	$ 45	$ 36

Related Parties - Narrative (De

Related Parties - Narrative (Details) - USD ($) $ in Millions			3 Months Ended		6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Weighted-average interest rate	3.70%	3.10%
Related party payable, current	$ 12	$ 13	$ 12		$ 12
Related Party
Related Party Transaction [Line Items]
Accounts receivable from securitization	42	36	42		42
Interest receivable	$ 5	$ 3	$ 5		5
Interest income					$ 6	$ 1
Weighted-average interest rate on long-term debt	4.30%	3.60%	4.30%		4.30%
Related party payable, current	$ 12	$ 13	$ 12		$ 12
Related party interest expense, net			8	$ 6	15	$ 18
Investment Income, Interest			3	$ 0
Related Party \| Special Purpose Entity (SPE)
Related Party Transaction [Line Items]
Transfer of trade receivables	$ 141	$ 199	$ 141		$ 141

Related Parties - Related Party

Related Parties - Related Party Notes (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Related party receivable, non-current	$ 320	$ 336
Short-term borrowings from related party	571	108
Long-term borrowings from related party	214	717
Related Party
Related Party Transaction [Line Items]
Related party receivable, current	10	8
Related party receivable, non-current	320	336
Related party notes receivable	330	344
Short-term borrowings from related party	571	108
Long-term borrowings from related party	214	717
Borrowings from related party	785	825
Related Party \| Borrowings With 0% Interest Rate
Related Party Transaction [Line Items]
Short-term borrowings from related party	$ 90	$ 108

Related Parties - Net Transfers

Related Parties - Net Transfers From (To) Parent (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Transfers from (to) Parent					$ (89)	$ 688
Net transfers from (to) Parent—Combined Statements of Changes in Equity	$ 4	$ 52	$ (601)	$ (124)
General financing activities
Related Party Transaction [Line Items]
Transfers from (to) Parent	(101)		493		(246)	459
Allocation of centralized costs
Related Party Transaction [Line Items]
Transfers from (to) Parent	78		89		157	162
Acquisition of businesses
Related Party Transaction [Line Items]
Transfers from (to) Parent	0		0		0	67
Related Party
Related Party Transaction [Line Items]
Transfers from (to) Parent	(23)		582		(89)	688
Stock-based compensation expense	19		19		33	37
Net transfers from (to) Parent—Combined Statements of Changes in Equity	$ (4)		$ 601		$ (56)	$ 725

Supplemental Financial Inform_3

Supplemental Financial Information - Components of Interest and Other Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Supplemental Financial Information [Abstract]
Foreign currency fluctuations	$ (1)	$ (4)	$ (4)	$ (2)
Employee benefit plans	2	4	5	8
Other, net	0	(5)	0	(9)
Other income (expense), net	$ 1	$ (5)	$ 1	$ (3)

Supplemental Financial Inform_4

Supplemental Financial Information - Components of Accounts Receivable (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 451	$ 471
Less: allowance for credit losses	(16)	(16)
Total accounts receivable, net	435	455
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	424	445
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 27	$ 26

Supplemental Financial Inform_5

Supplemental Financial Information - Components of Inventory (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Supplemental Financial Information [Abstract]
Work in process and raw materials	$ 42	$ 59
Finished goods	94	87
Service parts	269	273
Total inventories	$ 405	$ 419