NCR Atleos (NATL) 10-Q 14 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Nov. 09, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-41728
Entity Registrant Name	NCR ATLEOS CORPORATION
Entity Incorporation, State or Country Code	MD
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	Yes
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		70,600,000
Entity Central Index Key	0001974138
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Combined Statements o

Condensed Combined Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Total revenue	$ 1,067	$ 1,030	$ 3,093	$ 3,066
Selling, general and administrative expenses	160	131	445	446
Research and development expenses	17	7	54	52
Total operating expenses	976	927	2,857	2,887
Income from operations	91	103	236	179
Other income (expense), net	5	3	6	0
Income before income taxes	90	100	227	156
Income tax expense	147	36	195	54
Net income (loss)	(57)	64	32	102
Net income (loss) attributable to noncontrolling interests	1	0	1	1
Net income (loss) attributable to Atleos	$ (58)	$ 64	$ 31	$ 101
Net income per share - basic (in dollars per share)	$ (0.82)	$ 0.91	$ 0.44	$ 1.43
Net income per share - diluted (in dollars per share)	$ (0.82)	$ 0.91	$ 0.44	$ 1.43
Weighted average common shares outstanding - basic (in shares)	70.6	70.6	70.6	70.6
Weighted average common shares outstanding - diluted (in shares)	70.6	70.6	70.6	70.6
Nonrelated Party
Interest expense	$ 2	$ 0	$ 2	$ 0
Related party interest expense, net	2	0	2	0
Related Party
Selling, general and administrative expenses	39	55	123	162
Research and development expenses	6	2	19	9
Total operating expenses	79	81	236	243
Interest expense	4	6	13	23
Related party interest expense, net	4	6	13	23
Product
Total revenue	252	260	748	794
Cost of services	209	225	619	719
Product | Related Party
Cost of services	10	7	25	19
Services
Total revenue	815	770	2,345	2,272
Cost of services	590	564	1,739	1,670
Services | Related Party
Cost of services	$ 24	$ 17	$ 69	$ 53

Condensed Combined Statements_2

Condensed Combined Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ (57)	$ 64	$ 32	$ 102
Currency translation adjustments
Currency translation (loss) gains	7	(27)	31	(91)
Derivatives
Unrealized gains on derivatives	10	77	48	119
(Gains) loss on derivatives recognized during the period	(21)	(2)	(57)	1
Less income tax	2	(16)	2	(26)
Other comprehensive income (loss)	(2)	32	24	3
Total comprehensive income (loss)	(59)	96	56	105
Less amounts attributable to noncontrolling interests:
Net income (loss)	1	0	1	1
Currency translation gains (loss)	0	(2)	0	(3)
Amounts attributable to noncontrolling interests	1	(2)	1	(2)
Comprehensive income (loss) attributable to Atleos	$ (60)	$ 98	$ 55	$ 107

Condensed Combined Balance Shee

Condensed Combined Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 423	$ 293
Accounts receivable, net of allowances of $16 and $16 as of September 30, 2023 and December 31, 2022, respectively	428	455
Related party receivable, current	66	47
Inventories	431	419
Related party receivable, non-current	636	336
Deferred income tax assets	188	317
Restricted cash, current	247	204
Other current assets	306	231
Total current assets	1,901	1,649
Property, plant and equipment, net	480	412
Goodwill	1,950	1,949
Intangibles, net	653	729
Operating lease assets	93	85
Prepaid pension cost	192	172
Deferred income tax assets	188	317
Related party receivable, non-current	636	336
Restricted cash, non-current	2,060	2
Other assets	156	121
Total assets	8,309	5,772
Current liabilities
Payroll and benefits liabilities	150	69
Contract liabilities	350	356
Settlement liabilities	208	212
Other current liabilities	343	261
Total current liabilities	1,561	1,369
Pension and indemnity plan liabilities	490	22
Postretirement and postemployment benefits liabilities	69	0
Income tax accruals	39	39
Operating lease liabilities	63	59
Deferred income tax liabilities	42	201
Other liabilities	111	103
Total liabilities	4,719	2,510
Commitments and contingencies (Note 9)
Equity
Net parent investment	3,628	3,326
Accumulated other comprehensive loss	(38)	(63)
Total parent's equity	3,590	3,263
Noncontrolling interests in subsidiaries	0	(1)
Total equity	3,590	3,262
Total liabilities and equity	8,309	5,772
Nonrelated Party
Current liabilities
Long-term borrowings from related party	2,020	0
Short-term borrowings	11	0
Short-term borrowings from related party	11	0
Accounts payable	375	350
Related party payable, current	375	350
Long-term borrowings	2,020	0
Long-term borrowings from related party	2,020	0
Related Party
Current assets
Related party receivable, non-current	636	336
Related party receivable, non-current	636	336
Current liabilities
Long-term borrowings from related party	324	717
Short-term borrowings	121	108
Short-term borrowings from related party	121	108
Accounts payable	3	13
Related party payable, current	3	13
Long-term borrowings	324	717
Long-term borrowings from related party	$ 324	$ 717

Condensed Combined Balance Sh_2

Condensed Combined Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities
Net income	$ 32	$ 102
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	90	92
Amortization expense	93	99
Stock-based compensation expense	45	51
Deferred income taxes	93	(22)
Changes in assets and liabilities, net of effects of business acquired:
Receivables	39	(96)
Inventories	(35)	(59)
Settlement assets	(8)	(2)
Current payables and accrued expenses	25	13
Contract liabilities	0	19
Accrued compensation and employee benefit plans	(13)	(11)
Net cash provided by operating activities	347	241
Investing activities
Expenditures for property, plant and equipment	(70)	(40)
Additions to capitalized software	(15)	(30)
Business acquisitions, net of cash acquired	(1)	(78)
Amounts advanced for related party notes receivable	(217)	(257)
Repayments received from related party notes receivable	44	30
Purchases of investments	(10)	0
Net cash used in investing activities	(269)	(375)
Financing activities
Proceeds from related party borrowings	159	271
Payments on related party borrowings	(314)	(666)
Proceeds from issuance of senior secured notes	1,333	0
Proceeds from borrowings on term credit facilities	726	0
Principal payments for finance lease obligations	(1)	(1)
Transfers from (to) Parent	226	623
Net cash (used in) provided by financing activities	2,129	227
Effect of exchange rate changes on cash, cash equivalents and restricted cash	24	(61)
Increase (decrease) in cash, cash equivalents, and restricted cash	2,231	32
Cash, cash equivalents and restricted cash at beginning of period	499	470
Cash, cash equivalents and restricted cash at end of period	2,730	502
Related Party
Changes in assets and liabilities, net of effects of business acquired:
Related party receivables and payables	(22)	(30)
Other assets and liabilities	(22)	(30)
Financing activities
Transfers from (to) Parent	226	623
Nonrelated Party
Changes in assets and liabilities, net of effects of business acquired:
Related party receivables and payables	8	85
Other assets and liabilities	$ 8	$ 85

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	102
Other comprehensive income (loss)	3
Total comprehensive income (loss)	105
Balance at end of period at Sep. 30, 2022	3,115	3,206	(92)	1
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
Comprehensive income (loss):
Net income	64	64
Other comprehensive income (loss)	32		34	(2)
Total comprehensive income (loss)	96	64	34	(2)
Net transfers (to) from parent	(51)	(51)
Balance at end of period at Sep. 30, 2022	3,115	3,206	(92)	1
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	32
Other comprehensive income (loss)	24
Total comprehensive income (loss)	56
Balance at end of period at Sep. 30, 2023	3,590	3,628	(38)	0
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)
Comprehensive income (loss):
Net income	(57)	(58)		1
Other comprehensive income (loss)	(2)		(2)	0
Total comprehensive income (loss)	(59)	(58)	(2)	1
Net transfers (to) from parent	328	327	1
Balance at end of period at Sep. 30, 2023	$ 3,590	$ 3,628	$ (38)	$ 0

Condensed Combined Statement of

Condensed Combined Statement of Cash Flows (Parenthetical) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
Statement of Cash Flows [Abstract]
Deferred financing fees, noncash	$ 38

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NCR Atleos Corporation (“Atleos,” the “Company,” “we,” or “our”) is an industry-leading financial technology company providing self-directed banking solutions to a global customer base, including financial institutions, retailers and consumers. The Company’s comprehensive solutions enable the acceleration of self-directed banking through automated teller machine (“ATM”) and interactive teller machine (“ITM”) technology, including software, services, hardware and our proprietary Allpoint network. Atleos is a global company that is headquartered in Atlanta, Georgia. On September 15, 2022, NCR Voyix Corporation, formerly known as NCR Corporation (“Voyix,” “Parent,” or “NCR”), 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, network, and telecommunications and technology businesses (previously referred to as NCR Atleos or NCR ATMCo), (the “Spin-off” or “Separation”). On September 22, 2023, the Board of Directors of NCR authorized the Spin-off of Atleos to be completed on October 16, 2023. Prior to October 16, 2023, the Company was wholly owned by NCR. On September 27, 2023, and in connection with the Spin-off, the Company issued $1,350 million of senior secured 9.500% notes due in 2029. In addition to the senior secured notes, the Company entered into a senior secured $750 million term loan facility due in 2029 and a $500 million senior secured revolving credit facility, which was undrawn at the Spin-off date. Refer to Note 5, “Debt Obligations”, for further details regarding the issuance of debt. The Company used the aggregate proceeds received from the issuance of the senior secured notes and the term loan facility, as well as an additional term loan facility drawn prior to Spin-off and cash on-hand, to make a distribution payment of $3,003 million to Voyix in consideration for the net assets contributed to Atleos. Refer to Note 6, “Income Taxes”, Note 7, “Stock Compensation Plans”, Note 8, “Employee Benefit Plans”, Note 9, “Commitments and Contingencies”, and Note 16, “Subsequent Events”, for additional disclosures related to the Spin-off. The Spin-off was achieved by means of a pro-rata distribution of all of Atleos’s common stock to Voyix’s shareholders at the close of business on October 2, 2023 (“Record Date”) (collectively, the “Distribution”). Each holder of Voyix's common stock received one share of Atleos’s common stock for every two shares of Voyix’s common stock held as of the Record Date. Upon completion of the Distribution, on October 17, 2023, the Company commenced trading as an independent public company under the ticker symbol “NATL” on the New York Stock Exchange (“NYSE”). Following the Distribution, Voyix does not beneficially own any shares of Atleos common stock and will no longer consolidate Atleos with Voyix's financial results. In preparation for the Spin-off, NCR transferred certain assets and liabilities to Atleos, including, but not limited to, the United States pension, postemployment, and postretirement plans. Additionally, the Company entered into agreements that provide a framework for the relationship between Atleos and Voyix, including, a Separation and Distribution Agreement, a Transition Services Agreement, a Tax Matters Agreement, an Employee Matters Agreement, a Patent and Technology Cross-License Agreement, a Trademark License and Use Agreement, a Masters Services Agreement, and a Manufacturing Services Agreement (collectively, the “Separation Agreements”). Atleos also adopted a Trade Receivable Facility agreement, various sublease agreements, and a stock compensation incentive plan in connection with the Spin-off. Additionally, outstanding restricted stock units and stock options previously granted by NCR will be adjusted to maintain the economic value of those awards before and after the Spin-off. Generally, continuing Atleos employees will have their outstanding restricted stock units held as of the Spin-off converted solely into equivalent restricted stock units of Atleos, and any outstanding NCR restricted stock units held as of the Spin-off will be cancelled, while continuing Voyix employees will retain the number of outstanding restricted stock units held as of the Spin-off and will receive additional Voyix restricted stock units to reflect the Spin-off. Outstanding stock options at the time of the Spin-off, regardless of the holder, will be converted into stock options of both Atleos and Voyix. In addition, outstanding restricted stock units held by certain key equity holders as of the Spin-off (including former Voyix directors and certain former Voyix employees) will be converted into restricted stock units of both Atleos and Voyix. Atleos has historically operated as a part of NCR; 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. Securities and Exchange Commission (the “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, which is included as Exhibit 99.1 to Atleos’s Current Report on Form 8-K that was filed with the SEC on August 15, 2023 (the “Information Statement”). 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 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 13, “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 Atleos; 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 13, “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 the duration and severity of the pandemic, 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 Voyix, which issued its interim financial statements as of and for the nine months ended September 30, 2023 on November 14, 2023. Accordingly, the Company has evaluated transactions for consideration as recognized subsequent events in these financial statements through the date of November 14, 2023. Subsequent events identified were related to the Spin-off completed on October 16, 2023, and have been outlined above and within Note 16, “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 September 30 Balance Sheet Location 2023 2022 Cash and cash equivalents Cash and cash equivalents $ 423 $ 257 Short term restricted cash Restricted cash, current 223 240 Short term restricted cash, borrowing escrow (1) Restricted cash, current 24 — Long term restricted cash Restricted cash, non-current 1 5 Long term restricted cash, borrowing escrow (1) Restricted cash, non-current 2,059 — Total cash, cash equivalents and restricted cash $ 2,730 $ 502 (1) As of September 30, 2023, the net proceeds of debt issued in connection with the Spin-off, together with certain other amounts, were held in escrow pending consummation of the Spin-off, and such proceeds were included in restricted cash on the Condensed Combined Balance Sheets. Refer to Note 5, “Debt Obligations”, for additional information. Contract Assets and Liabilities The following table presents the net contract asset and contract liability balances as of September 30, 2023 and December 31, 2022. In millions Balance Sheet Location September 30, 2023 December 31, 2022 Current portion of contract liabilities Contract liabilities $ 350 $ 356 Non-current portion of contract liabilities Other liabilities $ 29 $ 31 During the nine months ended September 30, 2023, the Company recognized $257 million in revenue that was included in contract liabilities as of December 31, 2022. During the nine months ended September 30, 2022, the Company recognized $229 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 September 30, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $1.9 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, 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 September 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 nine months ended September 30, 2023 and 2022 was immaterial. The Company recorded immaterial write-offs against the reserve for the three and nine months ended September 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	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Business Combinations	2. BUSINESS COMBINATIONS Acquisition of AMS (2023) On July 1, 2023, the Company completed its acquisition of the AMS Banking Business (“AMS”) from Altron TMT Proprietary Limited for cash consideration of approximately $1 million. The Company recorded a preliminary allocation of the purchase price to tangible assets acquired and liabilities assumed based on their estimated fair values. Adjustments to the purchase price allocation will be required, within the measurement period, once the Company is able to complete fair value assessments and additional refinement to identified identifiable intangible assets, among other items. The acquisition did not have a material impact on the Condensed Combined Financial Statements. 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 Atleos to provide digital currency solutions, including the ability to buy and sell 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 fair value of consideration transferred to acquire LibertyX was allocated to the identifiable assets and acquired liabilities assumed based upon their estimated fair values as of the date of acquisition. The allocation of purchase price was finalized as of December 31, 2022. Acquisition of FIS Payment Solutions (2022)

Goodwill and Purchased Intangib

Goodwill and Purchased Intangible Assets	9 Months Ended
	Sep. 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 September 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) Network (2) Total Balance as of December 31, 2022 $ 254 $ 1,695 $ 1,949 Other adjustments 1 — 1 Balance as of September 30, 2023 $ 255 $ 1,695 $ 1,950 (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. (2) The Network segment was previously referred to as the Payments & Network segment. 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 September 30, 2023 December 31, 2022 In millions Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Direct customer relationships 1 - 15 $ 388 $ (78) $ 389 $ (58) Technology-software 3 - 8 493 (170) 494 (125) Tradenames 1 - 10 50 (30) 50 (21) Total identifiable intangible assets $ 931 $ (278) $ 933 $ (204) Amortization expense related to identifiable intangible assets for the following periods is: Three months ended September 30 Nine months ended September 30 In millions 2023 2022 2023 2022 Amortization expense $ 24 $ 25 $ 74 $ 76 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 $ 26 $ 97 $ 93 $ 85 $ 77

Segment Information and Concent

Segment Information and Concentrations	9 Months Ended
	Sep. 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, Network (previously referred to as Payments & Network), and Telecommunications & Technology (“T&T”) • 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. • 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 includes income and expenses related to corporate functions and certain allocations from our Parent that are not specifically attributable to an individual reportable segment. Other includes certain other immaterial business operations, including commerce-related operations in countries that Voyix exited that are aligned to Atleos, 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 our chief operating decision maker (“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. Atleos determines Adjusted EBITDA based on GAAP net income attributable to 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 September 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 nine months ended September 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 September 30 Nine months ended September 30 2023 2022 2023 2022 Revenue by segment Self-Service Banking $ 656 $ 631 $ 1,916 $ 1,899 Network 335 313 944 900 T&T 49 53 148 166 Total segment revenue 1,040 997 3,008 2,965 Other (1) 27 33 85 92 Other adjustment (2) — — — 9 Combined revenue $ 1,067 $ 1,030 $ 3,093 $ 3,066 Adjusted EBITDA by segment Self-Service Banking $ 172 $ 140 $ 484 $ 390 Network 113 99 279 271 T&T 10 11 26 35 Total Segment Adjusted EBITDA $ 295 $ 250 $ 789 $ 696 Total Segment Adjusted EBITDA $ 295 $ 250 $ 789 $ 696 Less unallocated amounts Corporate income and expenses not allocated to segments 92 61 261 204 Other income and expenses not allocated to segments (7) (8) (26) (6) Interest expense 2 — 2 — Related party interest expense, net 4 6 13 23 Income tax expense 147 36 195 54 Depreciation and amortization expense 38 42 108 115 Acquisition-related amortization of intangibles 24 25 74 76 Stock-based compensation expense 12 14 45 51 Separation costs 46 — 86 — Acquisition-related costs — — — 8 Transformation and restructuring 1 10 6 48 Russia operations — — — 22 Pension mark-to-market adjustments (6) — (6) — Net income attributable to Atleos $ (58) $ 64 $ 31 $ 101 (1) Other revenue represents certain other immaterial business operations, including commerce-related operations in countries that Voyix exited that are aligned to Atleos, 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 in the first quarter of 2022 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 Atleos: In millions Three months ended September 30 Nine months ended September 30 2023 2022 2023 2022 Recurring revenue (1) $ 765 $ 724 $ 2,205 $ 2,086 All other products and services 302 306 888 980 Total revenue $ 1,067 $ 1,030 $ 3,093 $ 3,066 (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 Atleos: In millions Three months ended September 30 Nine months ended September 30 2023 2022 2023 2022 United States (“U.S.”) $ 467 $ 473 $ 1,398 $ 1,377 Americas (excluding U.S.) 135 130 387 370 Europe, Middle East and Africa 341 293 940 930 Asia Pacific 124 134 368 389 Total revenue $ 1,067 $ 1,030 $ 3,093 $ 3,066

Debt Obligations

Debt Obligations	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt Obligations	5. DEBT OBLIGATIONS The following table summarizes the Company's short-term borrowings and long-term debt: In millions, except percentages September 30, 2023 December 31, 2022 Amount Weighted Average Interest Rate Amount Weighted Average Interest Rate Short-Term Borrowings Current portion of Senior Secured Credit Facility (1) $ 8 10.17 % $ — — % Other (1) 3 7.23 % — — % Total short-term borrowings $ 11 $ — Long-Term Borrowings Senior Secured Credit Facility: Term loan facility (1) $ 742 10.17 % $ — — % Revolving credit facility (1) — — % — — % Senior Notes: 9.500% senior notes due 2029 1,350 — Discount and deferred financing fees (79) — — % Other (1) 7 7.19 % — — % Total long-term borrowings $ 2,020 $ — (1) Interest rates are weighted average interest rates as of September 30, 2023 and December 31, 2022. Senior Secured Credit Facility On September 27, 2023, the Company entered into a credit agreement (the “Credit Agreement”) with NCR Atleos Escrow Corporation (the “Escrow Issuer”), a wholly-owned subsidiary of the Company, subsidiaries of the Company that may become party thereto as foreign borrowers (if any), the lenders party thereto and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”). The Credit Agreement provides for new senior secured credit facilities in an aggregate principal amount of $2,085 million , which are comprised of (i) a five $500 million (including (a) letters of credit sub-facility in an aggregate face amount of up to $75 million and (b) a sub-facility in an aggregate principal amount of up to $200 million for borrowings and Letters of Credit in certain agreed foreign currencies) (the “Revolving Credit Facility”, and the loans thereunder, the “Revolving Loans”), (ii) a five $835 million (the “Term Loan A Facility”, and the loans thereunder, the “Term A Loans”) and (iii) a five and a half-year term loan “B” facility in the aggregate principal amount of $750 million (the “Term Loan B Facility”, the loans thereunder, the “Term B Loans” and the Term Loan B Facility, together with the Term Loan A Facility and the Revolving Credit Facility, the “Credit Facilities”). On October 16, 2023, the Escrow Issuer merged with and into the Company (the “Escrow Merger”) and the Company assumed the obligations of the Escrow Issuer under the Credit Agreement. The Company received total proceeds of $726 million upon funding of the Term Loan B Facility, resulting in an original issue discount of $24 million that will be amortized to Interest expense over the life of the facility. As of September 30, 2023, the net proceeds of the Term Loan B Facility, together with certain other amounts (collectively, the “TLB Escrow Amounts”) were held in escrow pending consummation of the Spin-off and such proceeds are included in Restricted cash on the Condensed Combined Balance Sheets. As of September 30, 2023, the Term Loan A Facility had been committed to (the “Term Loan A Commitments”) by the lenders providing such facility, but drawings thereunder were not permitted until the effective date of the Spin-off. Additionally, as of September 30, 2023, there was no balance outstanding under the Revolving Credit Facility and no outstanding letters of credit issued under the sub-facility. As such, our borrowing capacity under our Revolving Credit Facility was $500 million at September 30, 2023. The Term A Loans and the Revolving Loans will bear interest based on the secured overnight financing rate (“SOFR”) (or an alternative reference rate for amounts denominated in a currency other than Dollars), or, at the Company’s option, in the case of amounts denominated in Dollars, at a base reference rate equal to the highest of (a) the federal funds rate plus 0.50%, (b) the rate of interest last quoted by the Administrative Agent as its “prime rate” and (c) the one-month SOFR rate plus 1.00% (the “Base Rate”), plus, as applicable, a margin ranging from 2.50% to 3.50% per annum for SOFR-based Term A Loans and Revolving Loans and ranging from 1.50% to 2.50% per annum for Base Rate-based Term A Loans and Revolving Loans, in each case, depending on the Company’s consolidated leverage ratio. The Term B Loans will bear interest, at the Company’s option, at SOFR plus a margin of 4.75% per annum or the Base Rate plus a margin of 3.75% per annum. In connection with the Credit Facilities, the Company will pay customary agency fees and a commitment fee based on the daily unused portion of the Revolving Credit Facility and ranging from 0.25% to 0.50% per annum, depending on the Company’s consolidated leverage ratio. The outstanding principal balance of the Term Loan A Facility is required to be repaid in quarterly installments beginning on March 31, 2024, in an amount equal to (i) 1.875% of the original principal amount of the Term A Loans during the first three years and (ii) 2.50% of the original principal amount of the Term A Loans during the final two years. Any remaining outstanding balance will be due at maturity on October 16, 2028. The outstanding principal balance of the Term Loan B Facility is required to be repaid in quarterly installments beginning on March 31, 2024, in an amount equal to (i) 0.35% of the original principal amount of the Term B Loans during the first year, (ii) 0.875% of the original principal amount of the Term B Loans during the second year, (iii) 1.75% of the original principal amount of the Term B Loans during the third and fourth years, and (iv) 2.625% of the original principal amount of the Term B Loans thereafter. Any remaining outstanding balance will be due at maturity on April 16, 2029. The Revolving Credit Facility is not subject to amortization and will mature on October 16, 2028. On October 16, 2023, the obligations under the Credit Agreement, and the guarantees of those obligations, were secured by substantially all of the Company’s assets and the assets of the Company’s wholly-owned domestic subsidiaries (the “Subsidiary Guarantors”) , in each case, subject to customary exceptions and exclusions (the “Collateral”). The Credit Agreement contains customary representations and warranties, affirmative covenants, and negative covenants. The negative covenants limit the Company and its subsidiaries’ ability to, among other things, incur indebtedness, create liens on the Company’s or its subsidiaries’ assets, engage in fundamental changes, make investments, sell or otherwise dispose of assets, engage in sale-leaseback transactions, make restricted payments, repay subordinated indebtedness, engage in certain transactions with affiliates and enter into agreements restricting the ability of the Company’s subsidiaries to make distributions to the Company or incur liens on their assets. The Credit Agreement also contains a financial covenant, first applicable for the quarter ended December 31, 2023, that does not permit the Company to allow its consolidated leverage ratio of Consolidated Total Debt to Consolidated EBITDA (each as defined in the Credit Agreement) to exceed (i) in the case of any fiscal quarter ending on or prior to September 30, 2024, 4.75 to 1.00, (ii) in the case of any fiscal quarter ending on or following September 30, 2024 and prior to September 30, 2025, 4.50 to 1.00 and (iii) in the case of any fiscal quarter ending on or following September 30, 2025, 4.25 to 1.00, in each case subject, to (x) increases of 0.25 in connection with the consummation of any material acquisition and applicable to the fiscal quarter in which such acquisition is consummated and the three consecutive fiscal quarters thereafter, and (y) a maximum cap of 5.00 to 1.00. The Credit Agreement also contains customary events of default including, among other things, non-payment of principal, interest or fees, violation of covenants, inaccuracy of representations and warranties, bankruptcy and insolvency events, material judgments, cross-defaults to material indebtedness and change of control. The occurrence of an event of default could result in the termination of commitments under the Credit Facilities, the acceleration of all outstanding amounts thereunder and the requirement to cash collateralize outstanding letters of credit. The Credit Agreement permits the Company to request, from time to time and subject to certain customary conditions, including obtaining commitments therefor (a) increases in any existing tranche of Term A Loans and Term B Loans, (b) the establishment of new tranches of incremental term loans and/or (c) the establishment of incremental revolving commitments, in an aggregate principal amount for all such incremental facilities, when combined with any “incremental equivalent debt”, of up to $300 million plus such amount as would not cause the Company’s consolidated leverage ratio, calculated on a pro forma basis and assuming all incremental commitments were fully drawn, to exceed 3.50 to 1.00. Senior Secured Notes On September 27, 2023, the Escrow Issuer issued $1,350 million aggregate principal amount of 9.500% senior secured notes due in 2029 (the “Notes”). The Notes were issued pursuant to an indenture (the “Indenture”) between the Escrow Issuer and Citibank, N.A., as trustee and notes collateral agent. The Notes are unconditionally guaranteed on a senior secured basis, subject to certain limitations, by the Subsidiary Guarantors that will guarantee the Credit Facilities. The Notes and related guarantees will be secured, subject to permitted liens and certain other exceptions, by first-priority liens on the Collateral (as defined above). Interest is payable on the Notes semi-annually, in arrears, at an annual rate of 9.500% on April 1 and October 1 of each year, beginning on April 1, 2024. The Notes will mature on April 1, 2029. The Company received total proceeds of $1,333 million for the Notes, resulting in an original issue discount of $17 million, that will be amortized to Interest expense over the life of the Notes. The Company intends to use the net proceeds from the issuance of the Notes, together with borrowings under the Credit Facilities and cash on-hand, (i) to finance the payment of a cash distribution to Voyix, which Voyix used to repay a portion of its existing indebtedness, (ii) to pay fees and expenses related to the Spin-off (including, without limitation, the fees and expenses with respect to the foregoing financing arrangements) and (iii) for general corporate purposes. As of September 30, 2023, the net proceeds of the Notes were held in escrow pending consummation of the Spin-off and are included in Restricted cash on the Condensed Combined Balance Sheets. On October 16, 2023, by way of the Escrow Merger, the Company assumed the obligations of the Escrow Issuer under the Notes and the Indenture by executing a supplemental indenture thereto. The Company has optional redemption rights of the Notes pursuant to the following: At any time prior to October 1, 2026, the Company may redeem up to a maximum of 40% of the original aggregate principal amount of the Notes with the proceeds of one or more equity offerings, at a redemption price equal to 109.500% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to, but not including, the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided that: (i) at least 55% of the original aggregate principal amount of the Notes remains outstanding; and (ii) such redemption occurs within 180 days of the completion of such equity offering. Additionally, prior to October 1, 2026, the Company may redeem some or all of the Notes by paying a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus the Applicable Premium, as defined in the Indenture, as of, and accrued and unpaid interest, if any, to, but not including, the applicable redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). On or after October 1 of the relevant year listed below, the Company may redeem some or all of the Notes at the prices listed below, plus accrued and unpaid interest, if any, to, but not including, the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date): 2026 at a redemption price of 104.750%, 2027 at a redemption price of 102.375% and 2028 and thereafter at a redemption price of 100%. The Indenture contains customary events of default, including, among other things, payment default, exchange default, failure to provide certain notices thereunder and certain provisions related to bankruptcy events. The Indenture also contains customary high yield affirmative and negative covenants, including negative covenants that, among other things, limit the Company and its restricted subsidiaries’ ability to incur additional indebtedness, create liens on, sell or otherwise dispose of assets, engage in certain fundamental corporate changes or changes to lines of business activities, make certain investments or material acquisitions, engage in sale-leaseback or hedging transactions, repurchase common stock, pay dividends or make similar distributions on capital stock, repay certain indebtedness, engage in certain affiliate transactions and enter into agreements that restrict their ability to create liens, pay dividends or make loan repayments. Other Debt In December 2022, NCR and Cardtronics USA, Inc., a wholly owned subsidiary of the Company, entered into a master loan agreement (the “ATMaaS Facility”) with Banc of America Leasing & Capital, LLC (“BALCAP”) pursuant to which either NCR or Cardtronics USA, Inc., as applicable, may specify one or more ATM-as-a-Service contracts, including any rights to receive payment thereunder, and the ATM equipment thereto (“ATMaaS Assets”). The total amount available under the ATMaaS Facility is $20 million with repayment terms up to four years. In connection with the Spin-off, in September 2023, NCR, Cardtronics USA, Inc. and BALCAP amended the ATMaaS Facility in order to, among other things, cause the assignment by NCR of all of its ATMaaS Assets and all of its obligations under the ATMaaS Facility to Cardtronics USA, Inc. As of September 30, 2023, total debt outstanding under the financing program was $10 million with a weighted average interest rate of 7.20% and a weighted average term of 3.0 years. Fair Value of Debt The Company utilized Level 2 inputs, as defined in the fair value hierarchy, to measure the fair value of the long-term debt, which, as of September 30, 2023 was $2,039 million. Management’s fair value estimates were based on quoted prices for recent trades of Atleos’s long-term debt, quoted prices for similar instruments, and inquiries with certain investment communities. Guarantees of Voyix Senior Unsecured Notes On September 14, 2023, Atleos and certain domestic material subsidiaries (collectively, the “Cardtronics Guarantors”) became guarantors of the Voyix senior unsecured notes pursuant to supplemental indentures governing each series of senior unsecured notes whereby Atleos agreed to unconditionally guarantee the Voyix senior unsecured notes. As of September 30, 2023, Voyix had $3.3 billion aggregate principal amount of senior unsecured notes outstanding. On October 16, 2023, in connection with the Spin-off and Voyix’s entry into a new credit agreement, Atleos and the Cardtronics Guarantors were automatically and unconditionally released and discharged from all obligations under the indentures governing Voyix’s senior unsecured notes.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	6. 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 $147 million for the three months ended September 30, 2023 compared to income tax expense of $36 million for the three months ended September 30, 2022. In the three months ended September 30, 2023, the Company completed certain internal restructuring transactions in connection with the Spin-off, resulting in a net of $121 million discrete tax expenses. Approximately $109 million of the discrete tax expense is for non-cash deferred tax items, primarily related to the tax effects upon the transfer of certain intangible assets among our wholly-owned subsidiaries prior to the Spin-off. In the three months ended September 30, 2022, the Company did not recognize any material discrete tax expenses or benefits. Income tax expense was $195 million for the nine months ended September 30, 2023 compared to income tax expense of $54 million for the nine months ended September 30, 2022. The change was primarily driven by discrete tax expenses and benefits and higher income before taxes in the nine months ended September 30, 2023, compared to the prior year. In the nine months ended September 30, 2023, the Company completed certain internal restructuring transactions in connection with the Spin-off, resulting in a net of $121 million discrete tax expenses. Approximately $109 million of the discrete tax expense is for non-cash deferred tax items, primarily related to the tax effects upon the transfer of certain intangible assets among our wholly-owned subsidiaries prior to the Spin-off. In the nine months ended September 30, 2022, the Company recognized a $4 million benefit related to uncertain tax position settlements and statute of limitation lapses. As of September 30, 2023, the Company estimates 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	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK COMPENSATION PLANS	7. STOCK COMPENSATION PLANS Total stock-based compensation expense for employees who exclusively support Atleos operations was $9 million and $6 million for the three months ended September 30, 2023 and 2022, respectively, and $20 million and $23 million for the nine months ended September 30, 2023 and 2022, respectively. Total stock-based compensation expense allocated to Atleos for corporate and shared employees was $3 million and $8 million for the three months ended September 30, 2023 and 2022, respectively, and $25 million and $28 million for the nine months ended September 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 Atleos operations as follows: In millions Three months ended September 30 Nine months ended September 30 2023 2022 2023 2022 Restricted stock units $ 9 $ 6 $ 20 $ 22 Stock options — — — 1 Stock-based compensation expense 9 6 20 23 Tax expense (benefit) (2) (1) (4) (5) Stock-based compensation expense (net of tax) $ 7 $ 5 $ 16 $ 18 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. 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. Approximately 50% of the market-based restricted stock units granted on December 21, 2022 and February 13, 2023 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. In connection with the Spin-off that occurred on October 16, 2023, the accelerated vesting provision was activated as the Spin-off occurred during the performance period and will result in a minimum vesting period within one year from the grant dates of December 21, 2022 and February 13, 2023. In accordance with the provision, 50% of the market-based restricted stock units will be recognized over the adjusted service period, vesting on December 21, 2023 and February 13, 2024, at a fair value of $30.00 and $35.09, respectively. As of September 30, 2023, the total unrecognized compensation cost of $52 million related to unvested restricted stock grants specific to employees who exclusively support Atleos operations. The unrecognized compensation cost is expected to be recognized over a weighted average period of approximately 1 year. In connection with the Spin-off, certain of the outstanding restricted stock units and stock options held by Atleos employees, as well as the strike price for the stock options, will be adjusted pursuant to a conversion ratio determined by the post Spin-off average trading price of each of Atleos and Voyix during a specified period following the Spin-off. All adjustments are made with the intent to preserve the intrinsic value of each award immediately before and after the Spin-off.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2023
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	8. EMPLOYEE BENEFIT PLANS Pension Plans Atleos sponsors defined benefit pension plans, including the U.S. pension plan, which no longer offers additional benefits and is closed to new participants, and international pension plans, certain of which also no longer offer additional benefits and are closed to new participants. Components of net periodic benefit cost (income) of the pension plans for the three months ended September 30 were as follows: U.S. Pension Benefits International Pension Benefits Total Pension Benefits In millions 2023 2022 2023 2022 2023 2022 Net service cost $ — $ — $ 1 $ 1 $ 1 $ 1 Interest cost 6 — 6 2 12 2 Expected return on plan assets (6) — (6) (6) (12) (6) Amortization of prior service cost — — — — — — Actuarial (gain) loss — — (6) — (6) — Net periodic benefit cost (income) $ — $ — $ (5) $ (3) $ (5) $ (3) Components of net periodic benefit cost (income) of the pension plans for the nine months ended September 30 were as follows: U.S. Pension Benefits International Pension Benefits Total Pension Benefits In millions 2023 2022 2023 2022 2023 2022 Net service cost $ — $ — $ 1 $ 1 $ 1 $ 1 Interest cost 6 — 16 8 22 8 Expected return on plan assets (6) — (21) (20) (27) (20) Amortization of prior service cost — — — — — — Actuarial (gain) loss — — (6) — (6) — Net periodic benefit cost (income) $ — $ — $ (10) $ (11) $ (10) $ (11) Spin-off Related Items In September 2023, as part of the Spin-off, Atleos assumed the U.S. and certain international pension plan assets and liabilities, along with the associated deferred costs in accumulated other comprehensive loss, which were previously sponsored by NCR. Remeasurement of all assumed plans occurred immediately prior to transfer. As a result, Pension and indemnity plan liabilities increased $468 million, and there was no material change in Prepaid pension cost, Other current liabilities, or Accumulated other comprehensive loss. Prior to Atleos assuming these pension plans, NCR was the plan sponsor covering certain Atleos employees. The participation of Atleos employees in these plans was reflected as though the Company participated in a multiemployer plan. As such, these Condensed Combined Financial Statements reflect an allocation of pension expense from the Parent as recorded in Operating expenses in our Condensed Combined Statements of Operations for all periods prior to September 2023. The service costs related to pension plans allocated to the Company for the three and nine months ended September 30, 2023 and 2022 were immaterial and are included in those figures above. Employer Contribution For the three and nine months ended September 30, 2023, the Company contributed $6 million to its U.S. pension plan. Pursuant to the Employee Matters and Separation and Distribution agreements, the Company contributed an additional $8 million to the U.S. pension plan prior to the Spin-off and will contribute an additional $136 million following the Spin-off, for a total of $150 million in 2023. For the three and nine months ended September 30, 2023, the Company contributed $1 million and $3 million, respectively, to its international pension plans. Atleos anticipates contributing an additional $4 million to its international pension plans for a total of $7 million in 2023. Postemployment Plan Atleos offers various postemployment benefits to involuntarily terminated and certain inactive employees after employment but before retirement. These benefits are paid in accordance with the Parent’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. The service costs related to the postemployment plan for the three months ended September 30, 2023 and 2022 were $2 million and $2 million, respectively. The service costs related to the postemployment plan for the nine months ended September 30, 2023 and 2022 were $5 million and $6 million, respectively. All other components of net periodic benefit cost (income) for the periods presented are immaterial. Spin-off Related Items In September 2023, as part of the Spin-off, Atleos assumed a portion of NCR’s U.S. postemployment plan liabilities, along with the associated deferred costs in accumulated other comprehensive loss, which were previously sponsored by NCR. Remeasurement of the assumed plan occurred immediately prior to transfer. As a result, Other current liabilities increased $30 million, Postretirement and postemployment benefits liabilities increased $62 million, and there was no material change in Accumulated other comprehensive loss. Prior to Atleos assuming a portion of this plan, NCR was the plan sponsor covering certain Atleos employees. The participation of Atleos employees in this plan was reflected as though the Company participated in a multiemployer plan. As such, 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 for all periods prior to September 2023. The service costs related to the postemployment plans allocated to the Company for the three months ended September 30, 2023 and 2022 were $1 million and $2 million, respectively, and are included in those figures above. The service costs related to the postemployment plans allocated to the Company for the nine months ended September 30, 2023 and 2022 were $4 million and $6 million, respectively, and are included in those figures above. Employer Contributions For the three and nine months ended September 30, 2023, Atleos contributed $2 million and $4 million, respectively, to its postemployment plan. Atleos anticipates contributing an additional $4 million to its postemployment plan for a total of $8 million in 2023. The increase in anticipated additional contributions is due to the assumption of postemployment obligations previously held by NCR. Postretirement Plan Atleos sponsors a U.S. postretirement benefit plan that no longer offers benefits to U.S. participants who had not reached a certain age and years of service. The plan provides medical care benefits to retirees and their eligible dependents. Non-U.S. employees are typically covered under government-sponsored programs. These postretirement benefits are funded on a pay-as-you-go basis. All components of net periodic benefit cost (income) of the postretirement plan for the three and nine months ended September 30, 2023 and 2022 were immaterial. Spin-off Related Items In September 2023, as part of the Spin-off, Atleos assumed the U.S. postretirement benefit plan liabilities, along with the associated deferred costs in accumulated other comprehensive loss, which were previously sponsored by NCR. Remeasurement of the assumed plan occurred immediately prior to transfer. As a result, Other current liabilities increased $1 million, Postretirement and postemployment benefits liabilities increased $7 million, and Accumulated other comprehensive loss increased $1 million. Prior to Atleos assuming this plan, NCR was the plan sponsor covering certain Atleos employees. The participation of Atleos employees in this plan was reflected as though the Company participated in a multiemployer plan. As such, these Condensed Combined Financial Statements reflect an allocation of postretirement plan expense from the Parent as recorded in Operating expenses in our Condensed Combined Statements of Operations for all periods prior to September 2023. The service costs related to the postretirement plan allocated to the Company for the three and nine months ended September 30, 2023 and 2022 was immaterial, and are included in those figures above. Employer Contributions For the three and nine months ended September 30, 2023, Atleos made no contributions to its postretirement plan. Atleos anticipates contributing an additional $2 million to its postretirement plan for a total of $2 million in 2023.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES Atleos provides its customers with certain indemnification rights, subject to certain limitations and exceptions. 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, 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. In connection with the Spin-off, the Separation and Distribution Agreement provides that, subject to the terms and conditions contained in the Separation and Distribution Agreement, Voyix will transfer to Atleos, and Atleos will assume, certain liabilities, whether accrued or contingent, and whether arising prior to, at or after the Distribution, including, among others, all liabilities to the extent relating to the Atleos business and/or the Atleos assets, 50% of certain shared environmental liabilities arising from conduct prior to the Distribution if Voyix’s annual costs with respect thereto exceed $15 million, 50% of all liabilities of a divested or discontinued business that was divested or discontinued prior to the Distribution and liabilities relating to, arising out of or resulting from any registration statement or similar disclosure document related to the Separation (including Atleos’s Registration Statement on Form 10 initially filed with the SEC on June 26, 2023 and as further amended thereafter and declared effective on August 11, 2023, and the Information Statement). Voyix will retain all other liabilities, including, among others, 50% of all liabilities of a divested or discontinued business that was divested or discontinued prior to the Distribution, the first $15 million of annual costs incurred in connection with certain shared environmental liabilities arising from conduct prior to the Distribution and 50% of any such costs thereafter and all indemnification obligations to current and former Voyix directors and officers. 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	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING INSTRUMENTS	10. DERIVATIVES AND HEDGING INSTRUMENTS 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 September 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 September 30, 2023 and December 31, 2022, the balance in AOCL related to Interest Rate Derivatives was $81 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: September 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 $ 2,000 $ 22 $ 2,423 $ 63 Liabilities: Interest rate swap contracts Other liabilities $ 3 Other liabilities $ — Total liabilities $ 426 $ 3 $ — $ — As of September 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 September 30 Nine months ended September 30 In millions 2023 2022 2023 2022 Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) on Derivative Contracts $ 10 $ 77 $ 48 $ 119 Amount of (Gain) Loss Reclassified from AOCL into the Condensed Combined Statements of Operations $ (21) $ (2) $ (57) $ 1 Refer to Note 11, “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 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. 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 September 30, 2023 and December 31, 2022, 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	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	11. FAIR VALUE OF ASSETS AND LIABILITIES Assets and liabilities recorded at fair value on a recurring basis as of September 30, 2023 and December 31, 2022 are set forth as follows: September 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) $ 3 $ — $ 3 $ — Total liabilities $ 3 $ — $ 3 $ — 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	9 Months Ended
	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	12. 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 31 — 37 68 Amounts reclassified from AOCL — — (44) (44) Net current period other comprehensive income 31 — (7) 24 Net transfers from Parent — 1 — 1 Balance as of September 30, 2023 $ (102) $ (17) $ 81 $ (38) 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 (88) — 93 5 Amounts reclassified from AOCL — — 1 1 Net current period other comprehensive loss (88) — 94 6 Balance as of September 30, 2022 $ (172) $ (18) $ 98 $ (92) Reclassifications Out of AOCL For the three months ended September 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 September 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 nine months ended September 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 $ — $ — $ (57) $ (57) Total before tax $ — $ — $ (57) $ (57) Tax expense 13 Total reclassifications, net of tax $ (44) For the nine months ended September 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 $ — $ — $ 1 $ 1 Total before tax $ — $ — $ 1 $ 1 Tax expense — Total reclassifications, net of tax $ 1

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTIES	13. 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 September 30 Nine months ended September 30 In millions 2023 2022 2023 2022 Cost of products $ 10 $ 7 $ 25 $ 19 Cost of services 24 17 69 53 Selling, general and administrative expense 39 55 123 162 Research and development expense 6 2 19 9 Total allocated costs $ 79 $ 81 $ 236 $ 243 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 Atleos entities, the activities of the SPEs are not presented in our Condensed Combined Financial Statements. Atleos receivables included within NCR’s trade receivables securitization program were $46 million and $36 million as of September 30, 2023 and December 31, 2022, respectively, and are recorded within Related party receivable, current in the Condensed Combined Balance Sheets. Additionally, transfers of Atleos receivables to the SPEs, which have been derecognized and removed from our Condensed Combined Balance Sheets at the date of transfer, were $124 million and $199 million at September 30, 2023 and December 31, 2022, respectively. Related-party notes Related party notes consisted of the following: In millions September 30, 2023 December 31, 2022 Related party notes receivable, current (1) $ 18 $ 8 Related party notes receivable, non-current (2) 636 336 Related party notes receivable $ 654 $ 344 Short-term borrowings from related party (3) $ 121 $ 108 Long-term borrowings from related party 324 717 Borrowings from related party $ 445 $ 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 $121 million and $108 million of borrowings with an interest rate of 0% as of September 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 5.7% and 3.1% as of September 30, 2023 and December 31, 2022, respectively. As of September 30, 2023 and December 31, 2022, the Company had interest receivable on these notes of $2 million and $3 million, respectively, recorded in Related party receivable, current in the Condensed Combined Balance Sheets. The Company recognized $4 million and $1 million of interest income, for the three months ended September 30, 2023 and 2022, respectively, and $10 million and $2 million of interest income, for the nine months ended September 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 6.3% and 3.6% as of September 30, 2023 and December 31, 2022, respectively. As of September 30, 2023 and December 31, 2022, the Company had interest payable of $3 million and $13 million, respectively, recorded in Related party payable, current in the Condensed Combined Balance Sheets. The Company recognized $8 million and $7 million of interest expense, for the three months ended September 30, 2023 and 2022, respectively, and $23 million and $25 million of interest expense, for the nine months ended September 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 September 30 Nine months ended September 30 In millions 2023 2022 2023 2022 General financing activities $ 235 $ (157) $ (11) $ 302 Allocation of centralized costs 79 81 236 $ 243 Acquisition of businesses 1 11 1 78 Net transfers from (to) Parent - Combined Statements of Cash Flows 315 (65) 226 623 Stock based compensation expense 12 14 45 51 Net transfers from (to) Parent—Combined Statements of Changes in Equity $ 327 $ (51) $ 271 $ 674

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	14. EARNINGS PER SHARE On October 16, 2023, the date of Separation, 70,606,892 shares of Atleos’s Common Stock, par value $0.01 per share, were distributed to Voyix shareholders of record as of October 2, 2023, the Record Date. This share amount is utilized for the calculation of basic and diluted earnings per share for all periods presented prior to the Separation. For the three and nine months ended September 30, 2023 and 2022, these shares are treated as issued and outstanding for purposes of calculating historical earnings per share. For periods prior to the Separation, it is assumed that there are no dilutive equity instruments as there were no equity awards of Atleos outstanding prior to the Separation. Three months ended September 30 Nine months ended September 30 In millions, except per share amounts 2023 2022 2023 2022 Net income attributable to Atleos common stockholders $ (58) $ 64 $ 31 $ 101 Number of basic and diluted shares outstanding 70.6 70.6 70.6 70.6 Earnings per share - basic and diluted $ (0.82) $ 0.91 $ 0.44 $ 1.43

Supplemental Financial Informat

Supplemental Financial Information	9 Months Ended
	Sep. 30, 2023
Supplemental Financial Information [Abstract]
SUPPLEMENTAL FINANCIAL INFORMATION	15. SUPPLEMENTAL FINANCIAL INFORMATION The components of Other (expense) income, net are summarized as follows: Three months ended September 30 Nine months ended September 30 In millions 2023 2022 2023 2022 Foreign currency fluctuations $ (2) $ (1) $ (6) $ (3) Employee benefit plans 7 4 12 12 Other, net — — — (9) Total other (expense) income, net $ 5 $ 3 $ 6 $ — The components of Accounts receivable are summarized as follows: In millions September 30, 2023 December 31, 2022 Trade $ 421 $ 445 Other 23 26 Accounts receivable, gross 444 471 Less: allowance for credit losses (16) (16) Total accounts receivable, net $ 428 $ 455 The components of Inventories are summarized as follows: In millions September 30, 2023 December 31, 2022 Work in process and raw materials $ 64 $ 59 Finished goods 95 87 Service parts 272 273 Total inventories $ 431 $ 419

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	16. SUBSEQUENT EVENTS Distribution to Voyix On October 16, 2023, the Spin-off was achieved by means of a pro-rata distribution of all of Atleos’s common stock to Voyix’s shareholders at the close of business on the Record Date (collectively, the Distribution). Each holder of Voyix's common stock received one share of Atleos’s common stock for every two shares of Voyix’s common stock held as of the Record Date. Upon completion of the Distribution, on October 17, 2023, the Company commenced trading as an independent public company under the ticker symbol “NATL” on the NYSE. Separation Agreements In connection with the Spin-off, the Company entered into agreements that provide a framework for the relationship between Atleos and Voyix, including, a Separation and Distribution Agreement, a Transition Services Agreement, a Tax Matters Agreement, an Employee Matters Agreement, a Patent and Technology Cross-License Agreement, a Trademark License and Use Agreement, a Master Services Agreement, and a Manufacturing Services Agreement. Adoption of Incentive Plans The Company adopted the following incentive plans for Atleos employees substantially concurrently with the Spin-off, (i) NCR Atleos Corporation 2023 Stock Incentive Plan, and (ii) NCR Atleos Corporation 2023 Employee Stock Purchase Plan (collectively, the “Plans”). The Plans were adopted to assume the converted stock options and RSUs held by employees of Atleos, including those held by executive officers, as a result of the Spin-off. Grants of equity awards made after the Spin-off to our executive officers and other employees will be made under the NCR Atleos Corporation 2023 Equity Incentive Plan, which became effective as of the date of the Distribution. Financing Arrangements On September 27, 2023, the Company entered into a Credit Agreement with the Escrow Issuer, subsidiaries of the Company that may become party thereto as foreign borrowers (if any), the lenders party thereto and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”). By virtue of the Escrow Merger, the Company assumed the obligations of the Escrow Issuer under the Credit Agreement providing for $2,085 million aggregate principal amount of senior secured credit facilities. As outlined in Note 5, “Debt Obligations”, a s of September 30, 2023, the Term Loan A Facility had been committed to by the lenders providing such facility, but it had not been drawn upon and was not drawn until the Spin-off occurred on October 16, 2023. The Term Loan A Facility is a five $835 million . The outstanding principal balance of the Term Loan A Facility is required to be repaid in quarterly installments beginning on March 31, 2024 in an amount equal to (i) 1.875% of the original principal amount of the Term A Loans during the first three years and (ii) 2.50% of the original principal amount of the Term A Loans during final two years. Any remaining outstanding balance will be due at maturity on October 16, 2028. Refer to Note 5, “Debt Obligations”, for further details regarding the issuance of debt in connection with the Spin-off . Trade Receivables Facility On October 16, 2023, Cardtronics USA, Inc., a wholly owned subsidiary of the Company, entered into a Receivables Purchase Agreement (the “Purchase Agreement”), by and among Cardtronics USA, Inc., as servicer, NCR Atleos Receivables LLC (the “U.S. SPE”), a newly-formed and wholly-owned special purpose entity, as seller, NCR Atleos Canada Receivables LP, a newly-formed special purpose entity (the “Canadian SPE”), as seller, Cardtronics Canada Holdings Inc., as servicer, PNC Bank, National Association, as administrative agent, and PNC, MUFG Bank, Ltd., Victory Receivables Corporation and the other purchasers from time to time party thereto (the “Purchasers”). In connection therewith, (i) Cardtronics USA, Inc. and ATM National, LLC, as sellers (collectively, the “U.S. Originators”), entered into a Purchase and Sale Agreement with the U.S. SPE (the “U.S. Sale Agreement”) and (ii) Cardtronics Canada Holdings Inc., as seller (the “Canadian Originator”), entered into a Canadian Purchase and Sale Agreement (the “Canadian Sale Agreement,” and together with the U.S. Sale Agreement, the “Sale Agreements”). The Purchase Agreement and the Sale Agreements establish a revolving trade receivables facility (the “Trade Receivables Facility”) that provides for up to $166 million in funding based on the availability of eligible receivables and other customary factors, and the satisfaction of certain conditions. The Trade Receivables Facility has an initial term of two years, unless earlier terminated in accordance with the terms thereof, and may be extended by agreement of the parties.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net (loss) income attributable to parent	$ (58)	$ 64	$ 31	$ 101

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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. Securities and Exchange Commission (the “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, which is included as Exhibit 99.1 to Atleos’s Current Report on Form 8-K that was filed with the SEC on August 15, 2023 (the “Information Statement”).
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 the duration and severity of the pandemic, 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 Voyix, which issued its interim financial statements as of and for the nine months ended September 30, 2023 on November 14, 2023. Accordingly, the Company has evaluated transactions for consideration as recognized subsequent events in these financial statements through the date of November 14, 2023.
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 September 30, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $1.9 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,
Allowance for Credit Losses on Accounts Receivable	Allowance for Credit Losses on Accounts Receivable The allowance for credit losses as of September 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 nine months ended September 30, 2023 and 2022 was immaterial. The Company recorded immaterial write-offs against the reserve for the three and nine months ended September 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)	9 Months Ended
	Sep. 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 September 30 Balance Sheet Location 2023 2022 Cash and cash equivalents Cash and cash equivalents $ 423 $ 257 Short term restricted cash Restricted cash, current 223 240 Short term restricted cash, borrowing escrow (1) Restricted cash, current 24 — Long term restricted cash Restricted cash, non-current 1 5 Long term restricted cash, borrowing escrow (1) Restricted cash, non-current 2,059 — Total cash, cash equivalents and restricted cash $ 2,730 $ 502 (1) As of September 30, 2023, the net proceeds of debt issued in connection with the Spin-off, together with certain other amounts, were held in escrow pending consummation of the Spin-off, and such proceeds were included in restricted cash on the Condensed Combined Balance Sheets. Refer to Note 5, “Debt Obligations”, for additional information.
Schedule of Net Contract Assets and Contract Liabilities Balances	The following table presents the net contract asset and contract liability balances as of September 30, 2023 and December 31, 2022. In millions Balance Sheet Location September 30, 2023 December 31, 2022 Current portion of contract liabilities Contract liabilities $ 350 $ 356 Non-current portion of contract liabilities Other liabilities $ 29 $ 31

Goodwill and Purchased Intang_2

Goodwill and Purchased Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill by Segment	The carrying amounts of goodwill by segment as of September 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) Network (2) Total Balance as of December 31, 2022 $ 254 $ 1,695 $ 1,949 Other adjustments 1 — 1 Balance as of September 30, 2023 $ 255 $ 1,695 $ 1,950 (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. (2) The Network segment was previously referred to as the Payments & Network segment.
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 September 30, 2023 December 31, 2022 In millions Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Direct customer relationships 1 - 15 $ 388 $ (78) $ 389 $ (58) Technology-software 3 - 8 493 (170) 494 (125) Tradenames 1 - 10 50 (30) 50 (21) Total identifiable intangible assets $ 931 $ (278) $ 933 $ (204)
Schedule of Aggregate Amortization Expense	Amortization expense related to identifiable intangible assets for the following periods is: Three months ended September 30 Nine months ended September 30 In millions 2023 2022 2023 2022 Amortization expense $ 24 $ 25 $ 74 $ 76 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 $ 26 $ 97 $ 93 $ 85 $ 77

Segment Information and Conce_2

Segment Information and Concentrations (Tables)	9 Months Ended
	Sep. 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 September 30 Nine months ended September 30 2023 2022 2023 2022 Revenue by segment Self-Service Banking $ 656 $ 631 $ 1,916 $ 1,899 Network 335 313 944 900 T&T 49 53 148 166 Total segment revenue 1,040 997 3,008 2,965 Other (1) 27 33 85 92 Other adjustment (2) — — — 9 Combined revenue $ 1,067 $ 1,030 $ 3,093 $ 3,066 Adjusted EBITDA by segment Self-Service Banking $ 172 $ 140 $ 484 $ 390 Network 113 99 279 271 T&T 10 11 26 35 Total Segment Adjusted EBITDA $ 295 $ 250 $ 789 $ 696 Total Segment Adjusted EBITDA $ 295 $ 250 $ 789 $ 696 Less unallocated amounts Corporate income and expenses not allocated to segments 92 61 261 204 Other income and expenses not allocated to segments (7) (8) (26) (6) Interest expense 2 — 2 — Related party interest expense, net 4 6 13 23 Income tax expense 147 36 195 54 Depreciation and amortization expense 38 42 108 115 Acquisition-related amortization of intangibles 24 25 74 76 Stock-based compensation expense 12 14 45 51 Separation costs 46 — 86 — Acquisition-related costs — — — 8 Transformation and restructuring 1 10 6 48 Russia operations — — — 22 Pension mark-to-market adjustments (6) — (6) — Net income attributable to Atleos $ (58) $ 64 $ 31 $ 101 (1) Other revenue represents certain other immaterial business operations, including commerce-related operations in countries that Voyix exited that are aligned to Atleos, 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 Atleos: In millions Three months ended September 30 Nine months ended September 30 2023 2022 2023 2022 Recurring revenue (1) $ 765 $ 724 $ 2,205 $ 2,086 All other products and services 302 306 888 980 Total revenue $ 1,067 $ 1,030 $ 3,093 $ 3,066 (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 Atleos: In millions Three months ended September 30 Nine months ended September 30 2023 2022 2023 2022 United States (“U.S.”) $ 467 $ 473 $ 1,398 $ 1,377 Americas (excluding U.S.) 135 130 387 370 Europe, Middle East and Africa 341 293 940 930 Asia Pacific 124 134 368 389 Total revenue $ 1,067 $ 1,030 $ 3,093 $ 3,066

Debt Obligations (Tables)

Debt Obligations (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Summary of Short-term Borrowings and Long-Term Debt	The following table summarizes the Company's short-term borrowings and long-term debt: In millions, except percentages September 30, 2023 December 31, 2022 Amount Weighted Average Interest Rate Amount Weighted Average Interest Rate Short-Term Borrowings Current portion of Senior Secured Credit Facility (1) $ 8 10.17 % $ — — % Other (1) 3 7.23 % — — % Total short-term borrowings $ 11 $ — Long-Term Borrowings Senior Secured Credit Facility: Term loan facility (1) $ 742 10.17 % $ — — % Revolving credit facility (1) — — % — — % Senior Notes: 9.500% senior notes due 2029 1,350 — Discount and deferred financing fees (79) — — % Other (1) 7 7.19 % — — % Total long-term borrowings $ 2,020 $ — (1) Interest rates are weighted average interest rates as of September 30, 2023 and December 31, 2022.

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	9 Months Ended
	Sep. 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 Atleos operations as follows: In millions Three months ended September 30 Nine months ended September 30 2023 2022 2023 2022 Restricted stock units $ 9 $ 6 $ 20 $ 22 Stock options — — — 1 Stock-based compensation expense 9 6 20 23 Tax expense (benefit) (2) (1) (4) (5) Stock-based compensation expense (net of tax) $ 7 $ 5 $ 16 $ 18
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)	9 Months Ended
	Sep. 30, 2023
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	Components of net periodic benefit cost (income) of the pension plans for the three months ended September 30 were as follows: U.S. Pension Benefits International Pension Benefits Total Pension Benefits In millions 2023 2022 2023 2022 2023 2022 Net service cost $ — $ — $ 1 $ 1 $ 1 $ 1 Interest cost 6 — 6 2 12 2 Expected return on plan assets (6) — (6) (6) (12) (6) Amortization of prior service cost — — — — — — Actuarial (gain) loss — — (6) — (6) — Net periodic benefit cost (income) $ — $ — $ (5) $ (3) $ (5) $ (3) Components of net periodic benefit cost (income) of the pension plans for the nine months ended September 30 were as follows: U.S. Pension Benefits International Pension Benefits Total Pension Benefits In millions 2023 2022 2023 2022 2023 2022 Net service cost $ — $ — $ 1 $ 1 $ 1 $ 1 Interest cost 6 — 16 8 22 8 Expected return on plan assets (6) — (21) (20) (27) (20) Amortization of prior service cost — — — — — — Actuarial (gain) loss — — (6) — (6) — Net periodic benefit cost (income) $ — $ — $ (10) $ (11) $ (10) $ (11)

Derivatives and Hedging Instr_2

Derivatives and Hedging Instruments (Tables)	9 Months Ended
	Sep. 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: September 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 $ 2,000 $ 22 $ 2,423 $ 63 Liabilities: Interest rate swap contracts Other liabilities $ 3 Other liabilities $ — Total liabilities $ 426 $ 3 $ — $ —
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 September 30 Nine months ended September 30 In millions 2023 2022 2023 2022 Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) on Derivative Contracts $ 10 $ 77 $ 48 $ 119 Amount of (Gain) Loss Reclassified from AOCL into the Condensed Combined Statements of Operations $ (21) $ (2) $ (57) $ 1

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 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 September 30, 2023 and December 31, 2022 are set forth as follows: September 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) $ 3 $ — $ 3 $ — Total liabilities $ 3 $ — $ 3 $ — 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)	9 Months Ended
	Sep. 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 31 — 37 68 Amounts reclassified from AOCL — — (44) (44) Net current period other comprehensive income 31 — (7) 24 Net transfers from Parent — 1 — 1 Balance as of September 30, 2023 $ (102) $ (17) $ 81 $ (38) 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 (88) — 93 5 Amounts reclassified from AOCL — — 1 1 Net current period other comprehensive loss (88) — 94 6 Balance as of September 30, 2022 $ (172) $ (18) $ 98 $ (92)
Reclassification Out of AOCI	Reclassifications Out of AOCL For the three months ended September 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 September 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 nine months ended September 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 $ — $ — $ (57) $ (57) Total before tax $ — $ — $ (57) $ (57) Tax expense 13 Total reclassifications, net of tax $ (44) For the nine months ended September 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 $ — $ — $ 1 $ 1 Total before tax $ — $ — $ 1 $ 1 Tax expense — Total reclassifications, net of tax $ 1

Related Parties (Tables)

Related Parties (Tables)	9 Months Ended
	Sep. 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 September 30 Nine months ended September 30 In millions 2023 2022 2023 2022 Cost of products $ 10 $ 7 $ 25 $ 19 Cost of services 24 17 69 53 Selling, general and administrative expense 39 55 123 162 Research and development expense 6 2 19 9 Total allocated costs $ 79 $ 81 $ 236 $ 243 Related party notes consisted of the following: In millions September 30, 2023 December 31, 2022 Related party notes receivable, current (1) $ 18 $ 8 Related party notes receivable, non-current (2) 636 336 Related party notes receivable $ 654 $ 344 Short-term borrowings from related party (3) $ 121 $ 108 Long-term borrowings from related party 324 717 Borrowings from related party $ 445 $ 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 $121 million and $108 million of borrowings with an interest rate of 0% as of September 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 September 30 Nine months ended September 30 In millions 2023 2022 2023 2022 General financing activities $ 235 $ (157) $ (11) $ 302 Allocation of centralized costs 79 81 236 $ 243 Acquisition of businesses 1 11 1 78 Net transfers from (to) Parent - Combined Statements of Cash Flows 315 (65) 226 623 Stock based compensation expense 12 14 45 51 Net transfers from (to) Parent—Combined Statements of Changes in Equity $ 327 $ (51) $ 271 $ 674

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three months ended September 30 Nine months ended September 30 In millions, except per share amounts 2023 2022 2023 2022 Net income attributable to Atleos common stockholders $ (58) $ 64 $ 31 $ 101 Number of basic and diluted shares outstanding 70.6 70.6 70.6 70.6 Earnings per share - basic and diluted $ (0.82) $ 0.91 $ 0.44 $ 1.43

Supplemental Financial Inform_2

Supplemental Financial Information (Tables)	9 Months Ended
	Sep. 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 September 30 Nine months ended September 30 In millions 2023 2022 2023 2022 Foreign currency fluctuations $ (2) $ (1) $ (6) $ (3) Employee benefit plans 7 4 12 12 Other, net — — — (9) Total other (expense) income, net $ 5 $ 3 $ 6 $ —
Schedule of Components of Accounts Receivable	The components of Accounts receivable are summarized as follows: In millions September 30, 2023 December 31, 2022 Trade $ 421 $ 445 Other 23 26 Accounts receivable, gross 444 471 Less: allowance for credit losses (16) (16) Total accounts receivable, net $ 428 $ 455
Schedule of Components of Inventory	The components of Inventories are summarized as follows: In millions September 30, 2023 December 31, 2022 Work in process and raw materials $ 64 $ 59 Finished goods 95 87 Service parts 272 273 Total inventories $ 431 $ 419

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions			9 Months Ended
	Oct. 16, 2023 USD ($)	Sep. 27, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognized that was included in contract liabilities			$ 257	$ 229
Remaining performance obligations			1,900
Allowance for credit loss			16		$ 16
Proceeds from borrowings on term credit facilities			726	$ 0
Subsequent Event
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Share distribution ratio	0.5
Line of Credit | Revolving credit facility
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Line of credit facility, maximum borrowing capacity		$ 500	$ 500
Senior Secured Notes | Senior Notes
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
9.500% senior notes due 2029		$ 1,350
Debt stated interest rate		9.50%	9.50%
Term Loan Facility | Line of Credit | Secured Debt
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
9.500% senior notes due 2029		$ 750
Proceeds from borrowings on term credit facilities		$ 726
Term Loan Facility | Line of Credit | Revolving credit facility | Subsequent Event
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Proceeds from borrowings on term credit facilities	$ 3,003
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01
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	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 423	$ 293	$ 257
Short term restricted cash	223		240
Short term restricted cash, borrowing escrow (1)	24		0
Long term restricted cash	1		5
Long term restricted cash, borrowing escrow (1)	2,059		0
Total cash, cash equivalents and restricted cash	$ 2,730	$ 499	$ 502	$ 470

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Current portion of contract liabilities	$ 350	$ 356
Non-current portion of contract liabilities	$ 29	$ 31

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Jul. 01, 2023	Jul. 01, 2022	Jan. 05, 2022
LibertyX
Business Acquisition [Line Items]
Consideration transferred			$ 69
Share consideration value			$ 1
Shares issued (in shares)			1.4
Acquired share price (in dollars per share)			$ 42.13
Number of shares converted (in shares)			0.2
AMS Banking Business
Business Acquisition [Line Items]
Consideration transferred	$ 1
India ATM Business
Business Acquisition [Line Items]
Consideration transferred		$ 19
Cash payments to acquire businesses		$ 12

Goodwill and Purchased Intang_3

Goodwill and Purchased Intangible Assets - Goodwill by Segments (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Total beginning balance	$ 1,949
Other adjustments	1
Total ending balance	1,950
Self-Service Banking
Goodwill [Roll Forward]
Total beginning balance	254
Other adjustments	1
Total ending balance	255
Goodwill, accumulated impairment loss	16	$ 16
Network
Goodwill [Roll Forward]
Total beginning balance	1,695
Other adjustments	0
Total ending balance	$ 1,695

Goodwill and Purchased Intang_4

Goodwill and Purchased Intangible Assets - Purchased Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 931	$ 933
Accumulated Amortization	(278)	(204)
Direct customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	388	389
Accumulated Amortization	$ (78)	(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	$ 493	494
Accumulated Amortization	$ (170)	(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	$ (30)	$ (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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisition-related amortization of intangibles	$ 24	$ 25	$ 74	$ 76
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2023	26		26
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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 1,067	$ 1,030	$ 3,093	$ 3,066
Adjusted EBITDA by segment	295	250	789	696
Corporate income and expenses not allocated to segments	92	61	261	204
Other income and expenses not allocated to segments	(7)	(8)	(26)	(6)
Income tax expense	147	36	195	54
Depreciation and amortization expense	38	42	108	115
Acquisition-related amortization of intangibles	24	25	74	76
Stock-based compensation expense	12	14	45	51
Separation costs	46	0	86	0
Acquisition-related costs	0	0	0	8
Transformation and restructuring	1	10	6	48
Russia operations	0	0	0	22
Pension mark-to-market adjustments	(6)	0	(6)	0
Net income attributable to Atleos	(58)	64	31	101
Nonrelated Party
Segment Reporting Information [Line Items]
Interest expense	(2)	0	(2)	0
Related party interest expense, net	(2)	0	(2)	0
Related Party
Segment Reporting Information [Line Items]
Interest expense	(4)	(6)	(13)	(23)
Related party interest expense, net	(4)	(6)	(13)	(23)
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	1,040	997	3,008	2,965
Adjusted EBITDA by segment	295	250	789	696
Other
Segment Reporting Information [Line Items]
Total revenue	27	33	85	92
Other adjustment
Segment Reporting Information [Line Items]
Total revenue	0	0	0	9
Self-Service Banking | Operating Segments
Segment Reporting Information [Line Items]
Total revenue	656	631	1,916	1,899
Adjusted EBITDA by segment	172	140	484	390
Network | Operating Segments
Segment Reporting Information [Line Items]
Total revenue	335	313	944	900
Adjusted EBITDA by segment	113	99	279	271
T&T | Operating Segments
Segment Reporting Information [Line Items]
Total revenue	49	53	148	166
Adjusted EBITDA by segment	$ 10	$ 11	$ 26	$ 35

Segment Information and Conce_4

Segment Information and Concentrations - Revenue by Products and Services (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue from External Customer [Line Items]
Total revenue	$ 1,067	$ 1,030	$ 3,093	$ 3,066
Recurring revenue
Revenue from External Customer [Line Items]
Total revenue	765	724	2,205	2,086
All other products and services
Revenue from External Customer [Line Items]
Total revenue	$ 302	$ 306	$ 888	$ 980

Segment Information and Conce_5

Segment Information and Concentrations - Revenue by Geography (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 1,067	$ 1,030	$ 3,093	$ 3,066
United States (“U.S.”)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	467	473	1,398	1,377
Americas (excluding U.S.)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	135	130	387	370
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	341	293	940	930
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 124	$ 134	$ 368	$ 389

Debt Obligations - Summary of S

Debt Obligations - Summary of Short-term Borrowings and Long-Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate		0%
Nonrelated Party
Debt Instrument, Redemption [Line Items]
Total short-term borrowings	$ 11	$ 0
Unamortized Debt Issuance Expense	(79)	0
Total long-term borrowings	$ 2,020	$ 0
Senior Secured Credit Facility
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate	10.17%	0%
Senior Secured Credit Facility | Nonrelated Party
Debt Instrument, Redemption [Line Items]
Current portion of Senior Secured Credit Facility	$ 8	$ 0
Other Short Term Borrowings
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate	7.23%	0%
Other Short Term Borrowings | Nonrelated Party
Debt Instrument, Redemption [Line Items]
Other	$ 3	$ 0
Other Long Term Borrowings
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate	7.19%	0%
Other Long Term Borrowings | Nonrelated Party
Debt Instrument, Redemption [Line Items]
Other	$ 7	$ 0
Line of Credit | Term Loan Facility
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate	10.17%	0%
Line of Credit | Term Loan Facility | Nonrelated Party
Debt Instrument, Redemption [Line Items]
Long-term borrowings	$ 742	$ 0
Revolving credit facility
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate	0%	0%
Revolving credit facility | Nonrelated Party
Debt Instrument, Redemption [Line Items]
Long-term borrowings	$ 0	$ 0
Senior Notes | Senior Secured Notes | Nonrelated Party
Debt Instrument, Redemption [Line Items]
Long-term borrowings	$ 1,350	$ 0

Debt Obligations - Senior Secur

Debt Obligations - Senior Secured Credit Facility (Details)		1 Months Ended	9 Months Ended
	Sep. 27, 2023 USD ($)	Dec. 31, 2022	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Line of Credit Facility [Line Items]
Proceeds from revolving credit facility			$ 726,000,000	$ 0
Increase due to material acquisition	0.25
Increase due to material acquisition, maximum	5
On Or Prior to September 30, 2024
Line of Credit Facility [Line Items]
Consolidated leverage ratio	4.75
On Or Following September 30, 2024 And Prior To September 30, 2025
Line of Credit Facility [Line Items]
Consolidated leverage ratio	4.50
Ending On Or Following September 30, 2025
Line of Credit Facility [Line Items]
Consolidated leverage ratio	4.25
Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Debt basis spread on variable rate	1%
Fed Funds Effective Rate Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Debt basis spread on variable rate	0.50%
Line of Credit
Line of Credit Facility [Line Items]
Debt term		4 years	3 years
Long-term line of credit			$ 10,000,000
Term Loan Facility | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Debt basis spread on variable rate	4.75%
Term Loan Facility | Base Rate
Line of Credit Facility [Line Items]
Debt basis spread on variable rate	3.75%
Term A Loans and Revolving Loans | Secured Overnight Financing Rate (SOFR) | Minimum
Line of Credit Facility [Line Items]
Debt basis spread on variable rate	2.50%
Term A Loans and Revolving Loans | Secured Overnight Financing Rate (SOFR) | Maximum
Line of Credit Facility [Line Items]
Debt basis spread on variable rate	3.50%
Base Rate Loans | Secured Overnight Financing Rate (SOFR) | Minimum
Line of Credit Facility [Line Items]
Debt basis spread on variable rate	1.50%
Base Rate Loans | Secured Overnight Financing Rate (SOFR) | Maximum
Line of Credit Facility [Line Items]
Debt basis spread on variable rate	2.50%
Term Loan A and B Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Leverage ratio, maximum	3.50
Revolving credit facility | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 500,000,000		500,000,000
Debt term	5 years
Long-term line of credit			0
Revolving credit facility | Term Loan A and B Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Increase limit	$ 300,000,000
Revolving credit facility | Term Loan A and B Credit Facility | Line of Credit | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.25%
Revolving credit facility | Term Loan A and B Credit Facility | Line of Credit | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.50%
Revolving credit facility | Senior Secured Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 2,085,000,000
Letter of Credit | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	75,000,000
Letter Of Credit, Foreign Currencies | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 200,000,000
Long-term line of credit			$ 0
Secured Debt | Term Loan Facility | Line of Credit
Line of Credit Facility [Line Items]
Debt term	5 years 6 months
Term loans	$ 750,000,000
Proceeds from revolving credit facility	726,000,000
Issue discount	$ 24,000,000
Secured Debt | Term Loan Facility | Line of Credit | Year One
Line of Credit Facility [Line Items]
Periodic payment, percentage of principal	0.35%
Secured Debt | Term Loan Facility | Line of Credit | Year Two
Line of Credit Facility [Line Items]
Periodic payment, percentage of principal	0.875%
Secured Debt | Term Loan Facility | Line of Credit | Year Three And Four
Line of Credit Facility [Line Items]
Periodic payment, percentage of principal	1.75%
Secured Debt | Term Loan Facility | Line of Credit | After Year Four
Line of Credit Facility [Line Items]
Periodic payment, percentage of principal	2.625%
Secured Debt | Term Loan A Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Debt term	5 years
Term loans	$ 835,000,000
Secured Debt | Term Loan A Credit Facility | Line of Credit | Years One Through Three
Line of Credit Facility [Line Items]
Periodic payment, percentage of principal	1.875%
Secured Debt | Term Loan A Credit Facility | Line of Credit | Years Four Through Five
Line of Credit Facility [Line Items]
Periodic payment, percentage of principal	2.50%

Debt Obligations - Senior Sec_2

Debt Obligations - Senior Secured Notes, Other Debt, and Fair Value of Debt (Details) - USD ($) $ in Millions		1 Months Ended	9 Months Ended
	Sep. 27, 2023	Dec. 31, 2022	Sep. 30, 2023
Debt Instrument [Line Items]
Debt value of long-term debt			$ 2,039
Line of Credit
Debt Instrument [Line Items]
Debt term		4 years	3 years
Long-term line of credit			$ 10
Interest rate during period			7.20%
Senior Secured Notes | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Percentage of principal amount redeemed	40%
Redemption price, percentage	109.50%
Minimum percentage of principal outstanding	0.55
Redemption threshold days	180 days
Redemption price, percentage, plus applicable premium	1
Senior Secured Notes | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Redemption price, percentage	104.75%
Senior Secured Notes | Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Redemption price, percentage	102.375%
Senior Secured Notes | Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Redemption price, percentage	100%
Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Term loans	$ 1,350
Weighted-average interest rate, borrowings	9.50%		9.50%
Proceeds from debt	$ 1,333
Issue discount	$ 17
Banc of America Leasing & Capital, LLC | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 20
Senior Notes | Senior Notes | NCR Voyix
Debt Instrument [Line Items]
Term loans			$ 3,300

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Contingency [Line Items]
Income tax expense	$ 147	$ 36	$ 195	$ 54
Discrete income tax expense	121		121
Discrete income tax expense, noncash portion	109		109
Income tax benefit, uncertain tax positions				$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units	$ 9	$ 6	$ 20	$ 22
Stock options	0	0	0	1
Stock-based compensation expense	9	6	20	23
Tax expense (benefit)	(2)	(1)	(4)	(5)
Stock-based compensation expense (net of tax)	$ 7	$ 5	$ 16	$ 18

Stock Compensation Plans - Narr

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended		9 Months Ended
	Feb. 13, 2023	Dec. 21, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 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			$ 9	$ 6	$ 20	$ 23
NCR Atleos Corporate and Shared Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			3	$ 8	$ 25	$ 28
Performance Shares | Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	50%	50%
Vesting period of awards granted	1 year	1 year
Weighted average closing stock price per day volume	20 days	20 days
Weighted average grant date fair value (in dollars per share)	$ 35.09	$ 30
Performance Shares | Share-based Payment Arrangement, Tranche One | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	35.09	35.09
Performance Shares | Share-based Payment Arrangement, Tranche One | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	$ 41.77	$ 41.77
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			$ 52		$ 52
Weighted average period to recognized compensation cost related to unvested awards					1 year

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) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Actuarial (gain) loss	$ 6	$ 0	$ 6	$ 0
Pension Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	1	1	1
Interest cost	12	2	22	8
Expected return on plan assets	(12)	(6)	(27)	(20)
Amortization of prior service cost	0	0	0	0
Actuarial (gain) loss	(6)	0	(6)	0
Net periodic benefit cost (income)	(5)	(3)	(10)	(11)
Pension Plan | United States (“U.S.”)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	0	0	0	0
Interest cost	6	0	6	0
Expected return on plan assets	(6)	0	(6)	0
Amortization of prior service cost	0	0	0	0
Actuarial (gain) loss	0	0	0	0
Net periodic benefit cost (income)	0	0	0	0
Pension Plan | Foreign Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	1	1	1
Interest cost	6	2	16	8
Expected return on plan assets	(6)	(6)	(21)	(20)
Amortization of prior service cost	0	0	0	0
Actuarial (gain) loss	(6)	0	(6)	0
Net periodic benefit cost (income)	$ (5)	$ (3)	$ (10)	$ (11)

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension and indemnity plan increase due to spin-off	$ 468,000,000
Service cost, increase		$ 1,000,000	$ 2,000,000	$ 4,000,000	$ 6,000,000
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net service cost		1,000,000	1,000,000	1,000,000	1,000,000
Pension Plan | Foreign Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer		1,000,000		3,000,000
Expected future benefit payment, remainder of fiscal year	4,000,000	4,000,000		4,000,000
Total estimated contributions by employer during fiscal year	7,000,000	7,000,000		7,000,000
Net service cost		1,000,000	1,000,000	1,000,000	1,000,000
Pension Plan | United States (“U.S.”)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer		6,000,000		6,000,000
Contributions, prior to spin-off				8,000,000
Expected future benefit payment, remainder of fiscal year	136,000,000	136,000,000		136,000,000
Total estimated contributions by employer during fiscal year	150,000,000	150,000,000		150,000,000
Net service cost		0	0	0	0
Postemployment Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer		2,000,000		4,000,000
Expected future benefit payment, remainder of fiscal year	4,000,000	4,000,000		4,000,000
Total estimated contributions by employer during fiscal year	8,000,000	8,000,000		8,000,000
Net service cost		2,000,000	$ 2,000,000	5,000,000	$ 6,000,000
Other current liabilities, increase	30,000,000
Retirement and postemployment benefits, increase	62,000,000
Postretirement Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer		0		0
Expected future benefit payment, remainder of fiscal year	2,000,000	2,000,000		2,000,000
Total estimated contributions by employer during fiscal year	2,000,000	$ 2,000,000		$ 2,000,000
Other current liabilities, increase	1,000,000
Retirement and postemployment benefits, increase	7,000,000
Net transfers from Parent	$ 1,000,000

Commitments and Contingencies -

Commitments and Contingencies - Loss Contingencies (Details) - Subsequent Event $ in Millions	Oct. 02, 2023 USD ($)
Loss Contingencies [Line Items]
Environmental liabilities assumed, threshold	$ 15
Percentage of divested or discontinued business assumed	0.50
NCR Voyix
Loss Contingencies [Line Items]
Percentage of environmental liabilities assumed	0.50
Percentage of divested or discontinued business assumed	0.50
Environmental liabilities assumed, threshold one	$ 15
NCR Atleos Corporation
Loss Contingencies [Line Items]
Percentage of environmental liabilities assumed	0.50

Derivatives and Hedging Instr_3

Derivatives and Hedging Instruments - Narrative (Details) - USD ($) $ in Millions	Jun. 14, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 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		$ 3,590	$ 3,321	$ 3,254	$ 3,262	$ 3,115	$ 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		$ 81			$ 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	Sep. 30, 2023	Dec. 31, 2022
Assets:
Derivative asset, notional amount	$ 2,000	$ 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	$ 426	0
Derivative liabilities, fair value	$ 3	0
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Interest Rate Swap
Liabilities:
Derivative liabilities, fair value	$ 3	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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) on Derivative Contracts	$ 10	$ 77	$ 48	$ 119
Amount of (Gain) Loss Reclassified from AOCL into the Condensed Combined Statements of Operations	$ (21)	$ (2)	$ (57)	$ 1

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Details) - Fair Value, Recurring - USD ($) $ in Millions	Sep. 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	3	0
Total liabilities	3	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	3	0
Total liabilities	$ 3	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in AOCI by Component (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 3,321	$ 3,262	$ 2,336
Balance at end of period	3,590	3,590	3,115
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(37)	(63)	(98)
Other comprehensive income before reclassifications		68	5
Amounts reclassified from AOCL		(44)	1
Net current period other comprehensive income		24	6
Net transfers from Parent	1
Balance at end of period	(38)	(38)	(92)
Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		(133)	(84)
Other comprehensive income before reclassifications		31	(88)
Amounts reclassified from AOCL		0	0
Net current period other comprehensive income		31	(88)
Net transfers from Parent	0
Balance at end of period	(102)	(102)	(172)
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
Net transfers from Parent	1
Balance at end of period	(17)	(17)	(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		37	93
Amounts reclassified from AOCL		(44)	1
Net current period other comprehensive income		(7)	94
Net transfers from Parent	0
Balance at end of period	$ 81	$ 81	$ 98

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	$ (147)	$ (36)	$ (195)	$ (54)
Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of services	(590)	(564)	(1,739)	(1,670)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before tax	(21)	(2)	(57)	1
Income tax expense	5	1	13	0
Total reclassifications, net of tax	(16)	(1)	(44)	1
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)	(57)	1
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)	(57)	1
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)	$ (57)	$ 1

Related Parties - Parent Alloca

Related Parties - Parent Allocation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Selling, general and administrative expense	$ 160	$ 131	$ 445	$ 446
Research and development expense	17	7	54	52
Total operating expenses	976	927	2,857	2,887
Related Party
Related Party Transaction [Line Items]
Selling, general and administrative expense	39	55	123	162
Research and development expense	6	2	19	9
Total operating expenses	79	81	236	243
Product
Related Party Transaction [Line Items]
Cost of services	209	225	619	719
Product | Related Party
Related Party Transaction [Line Items]
Cost of services	10	7	25	19
Cost of services
Related Party Transaction [Line Items]
Cost of services	590	564	1,739	1,670
Cost of services | Related Party
Related Party Transaction [Line Items]
Cost of services	$ 24	$ 17	$ 69	$ 53

Related Parties - Narrative (De

Related Parties - Narrative (Details) - USD ($) $ in Millions			3 Months Ended		9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Weighted-average interest rate	5.70%	3.10%
Related Party
Related Party Transaction [Line Items]
Accounts receivable from securitization	$ 46	$ 36	$ 46		$ 46
Interest receivable	$ 2	$ 3	$ 2		2
Interest income					$ 10	$ 2
Weighted-average interest rate on long-term debt	6.30%	3.60%	6.30%		6.30%
Related party payable, current	$ 3	$ 13	$ 3		$ 3
Interest expense			8	$ 7	23	$ 25
Investment Income, Interest			4	$ 1
Related Party | Special Purpose Entity (SPE)
Related Party Transaction [Line Items]
Transfer of trade receivables	$ 124	$ 199	$ 124		$ 124

Related Parties - Related Party

Related Parties - Related Party Notes (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Related party receivable, non-current	$ 636	$ 336
Related Party
Related Party Transaction [Line Items]
Related party receivable, current	18	8
Related party receivable, non-current	636	336
Related party notes receivable	654	344
Short-term borrowings from related party	121	108
Long-term borrowings from related party	324	717
Borrowings from related party	445	825
Related Party | Borrowings With 0% Interest Rate
Related Party Transaction [Line Items]
Short-term borrowings from related party	$ 121	$ 108

Related Parties - Net Transfers

Related Parties - Net Transfers From (To) Parent (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Transfers from (to) Parent							$ 226	$ 623
Net transfers from (to) Parent—Combined Statements of Changes in Equity	$ (328)	$ 4	$ 52	$ 51	$ (601)	$ (124)
General financing activities
Related Party Transaction [Line Items]
Transfers from (to) Parent	235			(157)			(11)	302
Allocation of centralized costs
Related Party Transaction [Line Items]
Transfers from (to) Parent	79			81			236	243
Acquisition of businesses
Related Party Transaction [Line Items]
Transfers from (to) Parent	1			11			1	78
Related Party
Related Party Transaction [Line Items]
Transfers from (to) Parent	315			(65)			226	623
Stock-based compensation expense	12			14			45	51
Net transfers from (to) Parent—Combined Statements of Changes in Equity	$ 327			$ (51)			$ 271	$ 674

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - Subsequent Event	Oct. 16, 2023 $ / shares shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares distributed (in shares) | shares	70,606,892
Common stock, par value (in dollars per share) | $ / shares	$ 0.01

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net (loss) income attributable to parent	$ (58)	$ 64	$ 31	$ 101
Weighted average common shares outstanding - basic (in shares)	70.6	70.6	70.6	70.6
Weighted average common shares outstanding - diluted (in shares)	70.6	70.6	70.6	70.6
Net income per share - basic (in dollars per share)	$ (0.82)	$ 0.91	$ 0.44	$ 1.43
Net income per share - diluted (in dollars per share)	$ (0.82)	$ 0.91	$ 0.44	$ 1.43

Supplemental Financial Inform_3

Supplemental Financial Information - Components of Interest and Other Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Supplemental Financial Information [Abstract]
Foreign currency fluctuations	$ (2)	$ (1)	$ (6)	$ (3)
Employee benefit plans	7	4	12	12
Other, net	0	0	0	(9)
Other income (expense), net	$ 5	$ 3	$ 6	$ 0

Supplemental Financial Inform_4

Supplemental Financial Information - Components of Accounts Receivable (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 444	$ 471
Less: allowance for credit losses	(16)	(16)
Total accounts receivable, net	428	455
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	421	445
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 23	$ 26

Supplemental Financial Inform_5

Supplemental Financial Information - Components of Inventory (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Supplemental Financial Information [Abstract]
Work in process and raw materials	$ 64	$ 59
Finished goods	95	87
Service parts	272	273
Total inventories	$ 431	$ 419

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions			1 Months Ended	9 Months Ended
	Oct. 16, 2023 USD ($)	Sep. 27, 2023 USD ($)	Dec. 31, 2022	Sep. 30, 2023 USD ($)
Line of Credit
Subsequent Event [Line Items]
Debt term			4 years	3 years
Secured Debt | Term Loan A Credit Facility | Line of Credit
Subsequent Event [Line Items]
Debt term		5 years
Term loans		$ 835
Revolving credit facility | Line of Credit
Subsequent Event [Line Items]
Debt term		5 years
Maximum borrowing capacity		$ 500		$ 500
Revolving credit facility | Senior Secured Credit Facility | Line of Credit
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 2,085
Years One Through Three | Secured Debt | Term Loan A Credit Facility | Line of Credit
Subsequent Event [Line Items]
Periodic payment, percentage of principal		1.875%
Years Four Through Five | Secured Debt | Term Loan A Credit Facility | Line of Credit
Subsequent Event [Line Items]
Periodic payment, percentage of principal		2.50%
Subsequent Event
Subsequent Event [Line Items]
Share distribution ratio	0.5
Subsequent Event | Revolving credit facility | Trade Receivables Facility
Subsequent Event [Line Items]
Maximum borrowing capacity	$ 166
Initial term	2 years