NCR Atleos (NATL) 10-Q14 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2024	Aug. 08, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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	832
Local Phone Number	308-4999
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		72,321,897
Entity Central Index Key	0001974138
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total revenue	$ 1,081	$ 1,040	$ 2,131	$ 2,026
Selling, general and administrative expenses	132	149	264	285
Research and development expenses	14	19	31	37
Total operating expenses	974	961	1,952	1,881
Income from operations	107	79	179	145
Interest expense	(79)	(5)	(158)	(9)
Related party interest expense, net	(79)	(5)	(158)	(9)
Other income (expense), net	4	1	7	1
Income before income taxes	32	75	28	137
Income tax expense	4	23	8	48
Net income	28	52	20	89
Net income (loss) attributable to noncontrolling interests	(1)	(1)	(1)	0
Net income attributable to Atleos	$ 29	$ 53	$ 21	$ 89
Net income per common share
Basic (in dollars per share)	$ 0.40	$ 0.75	$ 0.29	$ 1.26
Diluted (in dollars per share)	$ 0.39	$ 0.75	$ 0.29	$ 1.26
Weighted average common shares outstanding
Basic (in shares)	72.2	70.6	71.9	70.6
Diluted (in shares)	73.7	70.6	73.5	70.6
Nonrelated Party
Interest expense	$ (79)	$ 0	$ (158)	$ 0
Related party interest expense, net	(79)	0	(158)	0
Related Party
Selling, general and administrative expenses		40		84
Research and development expenses		7		13
Total operating expenses		78		157
Interest expense	0	(5)	0	(9)
Related party interest expense, net	0	(5)	0	(9)
Product
Total revenue	247	262	487	496
Cost of services	210	215	422	410
Product \| Related Party
Cost of services		8		15
Services
Total revenue	834	778	1,644	1,530
Cost of services	$ 618	578	$ 1,235	1,149
Services \| Related Party
Cost of services		$ 23		$ 45

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 28	$ 52	$ 20	$ 89
Currency translation adjustments
Currency translation adjustments gain (loss)	(39)	(3)	(25)	24
Derivatives
Unrealized gain (loss) on derivatives	13	49	38	38
(Gain) loss on derivatives arising during the period	(22)	(21)	(43)	(36)
Less income tax	2	(6)	2	0
Other comprehensive income (loss)	(46)	19	(28)	26
Total comprehensive income (loss)	(18)	71	(8)	115
Less comprehensive income attributable to noncontrolling interests:
Net income (loss)	(1)	(1)	(1)	0
Currency translation adjustments	(2)	1	(1)	0
Amounts attributable to noncontrolling interests	(3)	0	(2)	0
Comprehensive income (loss) attributable to Atleos common stockholders	$ (15)	$ 71	$ (6)	$ 115

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 374	$ 339
Accounts receivable, net of allowances of $18 and $14 as of June 30, 2024 and December 31, 2023, respectively	707	711
Inventories	329	333
Restricted cash	249	238
Other current assets	320	254
Total current assets	1,979	1,875
Property, plant and equipment, net	457	468
Goodwill	1,951	1,952
Intangibles, net	596	635
Operating lease right of use assets	139	144
Prepaid pension cost	221	219
Deferred income tax assets	265	254
Other assets	157	169
Total assets	5,765	5,716
Current liabilities
Short-term borrowings	84	76
Accounts payable	571	500
Payroll and benefits liabilities	145	149
Contract liabilities	318	325
Settlement liabilities	250	218
Other current liabilities	485	486
Total current liabilities	1,853	1,754
Long-term borrowings	2,921	2,938
Pension and indemnity plan liabilities	388	389
Postretirement and postemployment benefits liabilities	57	60
Income tax accruals	37	36
Operating lease liabilities	105	109
Deferred income tax liabilities	29	34
Other liabilities	124	141
Total liabilities	5,514	5,461
Stockholders’ equity
Preferred stock: par value $0.01 per share, 50.0 shares authorized, no shares issued	0	0
Common stock: par value $0.01 per share, 350.0 shares authorized, 72.2 and 70.9 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	1	1
Paid-in Capital	23	12
Retained earnings	167	153
Accumulated other comprehensive income	59	86
Total Atleos stockholders’ equity	250	252
Noncontrolling interests in subsidiaries	1	3
Total Stockholders’ equity	251	255
Total liabilities and stockholders’ equity	$ 5,765	$ 5,716

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 18	$ 14
Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	350,000,000	350,000,000
Common stock, shares issued (in shares)	72,200,000	72,200,000
Common stock, shares outstanding (in shares)	70,900,000	70,900,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities
Net income	$ 20	$ 89
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense	68	56
Amortization expense	76	64
Stock-based compensation expense	19	33
Deferred income taxes	(12)	(13)
Loss (gain) on disposal of property plant and equipment	4	0
Bargain purchase gain from acquisition	(5)	0
Changes in assets and liabilities:
Receivables	(11)	17
Inventories	(49)	(15)
Settlement assets	(22)	1
Current payables and accrued expenses	100	(26)
Contract liabilities	(21)	18
Employee benefit plans	(20)	(6)
Net cash provided by operating activities	157	200
Investing activities
Expenditures for property, plant and equipment	(47)	(22)
Additions to capitalized software	(15)	(15)
Amounts advanced for related party notes receivable	0	(14)
Repayments received from related party notes receivable	0	36
Purchase of intellectual property	(8)	0
Other investing activities, net	(1)	0
Net cash used in investing activities	(71)	(15)
Financing activities
Proceeds from related party borrowings	0	16
Payments on related party borrowings	0	(57)
Payments on term credit facilities	(36)	0
Borrowings on revolving credit facilities	533	0
Payments on revolving credit facilities	(512)	0
Payments on other financing arrangements	(2)	0
Proceeds from employee stock plans	1	0
Net transfers (to) from NCR Corporation	0	(89)
Tax withholding payments on behalf of employees	(13)	0
Principal payments for finance lease obligations	(1)	0
Net cash used in financing activities	(30)	(130)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(12)	11
Increase (decrease) in cash, cash equivalents, and restricted cash	44	66
Cash, cash equivalents, and restricted cash at beginning of period	586	499
Cash, cash equivalents and restricted cash at end of period	630	565
Related Party
Changes in assets and liabilities:
Related party receivables and payables	0	(13)
Other assets and liabilities	0	(13)
Financing activities
Net transfers (to) from NCR Corporation		(89)
Nonrelated Party
Changes in assets and liabilities:
Related party receivables and payables	10	(5)
Other assets and liabilities	$ 10	$ (5)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Paid-in Capital	Retained Earnings	Net Investment from NCR Corporation	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests in Subsidiaries
Balance at the beginning of period (in shares) at Dec. 31, 2022		0
Balance at beginning of period at Dec. 31, 2022	$ 3,262	$ 0	$ 0	$ 0	$ 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
Net transfers to (from) parent	(52)				(52)
Balance at end of period (in shares) at Mar. 31, 2023		0
Balance at end of period at Mar. 31, 2023	3,254	$ 0	0	0	3,310	(55)	(1)
Balance at the beginning of period (in shares) at Dec. 31, 2022		0
Balance at beginning of period at Dec. 31, 2022	3,262	$ 0	0	0	3,326	(63)	(1)
Comprehensive income (loss):
Net income	89
Other comprehensive income (loss)	26
Total comprehensive income (loss)	115
Balance at end of period (in shares) at Jun. 30, 2023		0
Balance at end of period at Jun. 30, 2023	3,321	$ 0	0	0	3,359	(37)	(1)
Balance at the beginning of period (in shares) at Mar. 31, 2023		0
Balance at beginning of period at Mar. 31, 2023	3,254	$ 0	0	0	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
Net transfers to (from) parent	(4)				(4)
Balance at end of period (in shares) at Jun. 30, 2023		0
Balance at end of period at Jun. 30, 2023	$ 3,321	$ 0	0	0	$ 3,359	(37)	(1)
Balance at the beginning of period (in shares) at Dec. 31, 2023	70.9	71
Balance at beginning of period at Dec. 31, 2023	$ 255	$ 1	12	153		86	3
Comprehensive income (loss):
Net income	(8)			(8)
Other comprehensive income (loss)	18					17	1
Total comprehensive income (loss)	10			(8)		17	1
Stock compensation plans (in shares)		1
Stock compensation plans	2		2
Balance at end of period (in shares) at Mar. 31, 2024		72
Balance at end of period at Mar. 31, 2024	$ 267	$ 1	14	145		103	4
Balance at the beginning of period (in shares) at Dec. 31, 2023	70.9	71
Balance at beginning of period at Dec. 31, 2023	$ 255	$ 1	12	153		86	3
Comprehensive income (loss):
Net income	20
Other comprehensive income (loss)	(28)
Total comprehensive income (loss)	$ (8)
Balance at end of period (in shares) at Jun. 30, 2024	70.9	72
Balance at end of period at Jun. 30, 2024	$ 251	$ 1	23	167		59	1
Balance at the beginning of period (in shares) at Mar. 31, 2024		72
Balance at beginning of period at Mar. 31, 2024	267	$ 1	14	145		103	4
Comprehensive income (loss):
Net income	28			29			(1)
Other comprehensive income (loss)	(46)					(44)	(2)
Total comprehensive income (loss)	(18)			29		(44)	(3)
Net transfers to (from) parent	(7)			(7)
Stock compensation plans	$ 9		9
Balance at end of period (in shares) at Jun. 30, 2024	70.9	72
Balance at end of period at Jun. 30, 2024	$ 251	$ 1	$ 23	$ 167		$ 59	$ 1

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
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 Corporation (now known as NCR Voyix Corporation or “Voyix,” and referred to as “NCR” prior to the Separation), announced its plan to separate its businesses into two distinct, publicly-traded companies, whereby NCR would execute a spin-off to NCR stockholders of its self-service banking, network, and telecommunications and technology businesses, (the “Spin-off” or “Separation”). On September 22, 2023, the Board of Directors of NCR authorized the Spin-off of Atleos, which was completed on October 16, 2023. The Spin-off was achieved by means of a pro-rata distribution of all of Atleos’ common stock to Voyix’s stockholders of record at the close of business on October 2, 2023 (“Record Date”) (collectively, the “Distribution”). On October 16, 2023, the Company became a stand-alone publicly-traded company, and its financial statements are now presented on a consolidated basis. The financial statements for all periods presented, including the historical results of the Company prior to October 16, 2023, are referred to as “Condensed Consolidated Financial Statements”, and 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 consolidated results of operations, financial position, and cash flows for each period presented. The consolidated results for the interim periods are not necessarily indicative of results to be expected for the full year. The 2023 year-end Condensed Consolidated 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 the Company’s Form 10-K for the year ended December 31, 2023. Prior to the Separation, Atleos was wholly owned by NCR; consequently, stand-alone financial statements had not historically been prepared. The Condensed Consolidated Financial Statements for the three and six months ended June 30, 2023 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 Condensed Consolidated 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. 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 stand-alone basis for the periods presented. Prior to the Separation, income tax expense and tax balances were calculated on a separate tax return basis. The separate tax return method applies the accounting guidance for income taxes to the stand-alone financial statements as if the Company was a separate taxpayer and a stand-alone company even though the Company filed as part of NCR’s tax group in certain jurisdictions prior to Separation. Management believes the assumptions supporting the allocation and presentation of income taxes on a separate return basis are reasonable. The historical Condensed Combined Financial Statements did not purport to reflect what the Company’s results of operations, comprehensive income, financial position, equity or cash flows would have been had the Company operated as a stand-alone public company during the periods presented. Refer to Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”, of the audited Consolidated Financial Statements in the 2023 Form 10-K for additional details on Atleos’ basis of presentation during periods prior to the Separation and post Separation. All intracompany accounts and transactions within the Company have been eliminated in the preparation of the Condensed Consolidated Financial Statements. Prior to the Separation, the aggregate net effect of transactions between the Company and NCR that are not historically settled in cash have been reflected in the Condensed Consolidated Statements of Cash Flows as Net transfers from (to) Parent within financing activities. See Note 10, “Related Parties”, for further information. Following the Separation, certain functions continue to be provided by or for Voyix under the Transition Services Agreements or are being performed using Atleos’ own resources or third-party service providers. Additionally, certain maintenance services, manufacturing services, product resale and other support services and supply chain operations will continue to be provided by or to Voyix under the Commercial Agreements. The Company incurred certain costs in its establishment as a stand-alone public company and expects to incur ongoing additional costs associated with operating as an independent, publicly-traded company. Unless otherwise noted, all figures within the Condensed Consolidated Financial Statements are stated in U.S. Dollars (USD) and millions. 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, certain aspects of revenue recognition, and allocations of cost and expenses from NCR prior to Separation. 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 macroeconomic pressures and geopolitical challenges. The ultimate impact on our overall financial condition and operating results will depend on the duration and severity of 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 Company evaluated subsequent events through the date that our Condensed Consolidated Financial Statements were issued. Other than the items discussed below and within the Notes to Condensed Consolidated Financial Statements, no matters were identified that required adjustment to the Condensed Consolidated Financial Statements or additional disclosure. Effective August 5, 2024, the Company executed $450 million aggregate notional amount interest rate swap contracts terminating on December 31, 2027. These interest rate swap contracts have fixed rates ranging from 3.442% to 3.479%, and have been designated as cash flow hedges of the floating rate interest associated with the Company’s U.S. Dollar vault cash agreements. On August 9, 2024, the Company executed $500 million aggregate notional amount interest rate swap contracts that began August 13, 2024 and will terminate on December 31, 2027. These interest rate swap contracts have fixed rates ranging from 3.592% to 3.610%, and have been designated as cash flow hedges of the floating rate interest associated with the Company’s Term Loan Facilities, discussed in Note 4, “Debt Obligations”. These hedging activities are in line with our interest rate risk management strategy outlined in Note 12, “Derivatives and Hedging Instruments”. Prior Period Financial Statement Revision   In connection with the preparation of the Company’s second quarter 2024 financial statements, management identified errors pertaining to the Separation-related accounting entries recorded in the fourth quarter of 2023, which impacted the December 31, 2023 balance sheet and statement of changes in stockholders’ equity. Some of these errors were previously recorded out-of-period in the first quarter of 2024. In order to correctly state December 31, 2023 equity to reflect the impact of the spin-off transaction, which involved a net distribution payment of $2,996 million to Voyix in consideration for the net assets contributed to Atleos, management has revised the December 31, 2023 balance sheet and statement of changes in stockholders’ equity to reflect the impact of the errors, including those previously recorded in the first quarter of 2024. This also results in a revision to the statement of changes in stockholders’ equity for the three months ended March 31, 2024. The adjustments have no impact on operating results or cash flows. The Company evaluated the impact of the adjustments and concluded they were not material to any previously issued interim or annual consolidated financial statements. The accompanying footnotes have also been adjusted to reflect such correction. The Company will effect the revision of its consolidated financial statements as of the year ended December 31, 2023 when it files its Form 10-K for the period ended December 31, 2024. The following table reflects the impact of the revision to the specific line items presented in the Company’s previously reported Consolidated Balance Sheet as of December 31, 2023. In millions As Reported Adjustments As Revised Current assets Accounts receivable, net $ 714 $ (3) $ 711 Other current assets 271 (17) 254 Total current assets 1,895 (20) 1,875 Property, plant and equipment, net 470 (2) 468 Prepaid pension cost 218 1 219 Other assets 173 (4) 169 Total assets $ 5,741 $ (25) $ 5,716 Current liabilities Payroll and benefits liabilities 151 (2) 149 Other current liabilities 477 9 486 Total current liabilities 1,747 7 1,754 Total liabilities $ 5,454 $ 7 $ 5,461 Atleos stockholders’ equity Paid-in capital 16 (4) 12 Retained earnings 181 (28) 153 Total Atleos stockholders’ equity 284 (32) 252 Total stockholders’ equity 287 (32) 255 Total liabilities and stockholders’ equity $ 5,741 $ (25) $ 5,716 As it relates to the statement of changes in stockholders’ equity for the three months ended March 31, 2024, the revision adjustment removes the $8 million decrease to retained earnings recorded on the line “Net transfers to Voyix, including Separation adjustments.” The revision adjustment further reflects the impact of an incremental $4 million adjustment to Paid-in capital on the line “Stock compensation plans.” Such amounts are included as part of the $28 million and $4 million adjustments to retained earnings and paid-in capital, respectively, shown in the table above at December 31, 2023. Cash, Cash Equivalents, and Restricted Cash The reconciliation of cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows is as follows: In millions Location in the Condensed Consolidated Balance Sheet June 30 2024 2023 Cash and cash equivalents Cash and cash equivalents $ 374 $ 337 Short term restricted cash Restricted cash 7 — Long term restricted cash Other Assets 7 2 Cash included in settlement processing assets Restricted cash 242 226 Total cash, cash equivalents, and restricted cash $ 630 $ 565 Contract Assets and Liabilities The following table presents the net contract liability balances as of June 30, 2024 and December 31, 2023. As of June 30, 2024 and December 31, 2023, no contracts were in a net asset position. In millions Location in the Condensed Consolidated Balance Sheet June 30, 2024 December 31, 2023 Current portion of contract liabilities Contract liabilities $ 318 $ 325 Non-current portion of contract liabilities Other liabilities $ 27 $ 29 During the six months ended June 30, 2024, the Company recognized $216 million in revenue that was included in contract liabilities as of December 31, 2023. During the six months ended June 30, 2023, the Company recognized $177 million in revenue that was included in contract liabilities as of December 31, 2022. Remaining Performance Obligations Remaining performance obligations represent the transaction price of contracts for which products have not been delivered or services have not been performed. As of June 30, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $2 billion. The Company expects to recognize revenue on approximately three-quarters of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. The majority of our professional services are expected to be recognized over the next 12 months but this is contingent upon a number of factors, including customers’ needs and schedules. The Company has made three elections that affect the value of remaining performance obligations described above. We do not disclose remaining performance obligations for contracts where variable consideration is directly allocated based on usage or when the original expected duration is one year or less. Additionally, we do not disclose remaining performance obligations for contracts where we recognize revenue from the satisfaction of the performance obligation in accordance with the “right to invoice” practical expedient. Allowance for Credit Losses on Accounts Receivable The allowance for credit losses as of June 30, 2024 and December 31, 2023 was $18 million and $14 million, respectively. We continue to evaluate our reserves in light of the age and quality of our outstanding accounts receivable as well as risks to specific industries or countries and adjust the reserves accordingly. The impact to our allowance for credit lo sses for the three and six months ended June 30, 2024 and 2023 was immaterial. The Company recorded immaterial write-offs against the reserve for the three and six months ended June 30, 2024 and 2023. Additionally, the allowance for credit losses as of June 30, 2024 includes approximately $3 million related to other accounts receivable balances not transferred to Atleos as of December 31, 2023 due to delays in local processes of setting up certain Atleos legal entities. These entities were legally transferred to the Company during the first quarter of 2024. As such, the allowance for credit losses associated with these transferred entities were recorded in the Company’s Condensed Consolidated Balance Sheet as of March 31, 2024. Prior to the Separation, this amount was included within Atleos’ allowance for credit losses under carve-out methodology. Recent Accounting Pronouncements Adoption of New Accounting Pronouncements in fiscal year 2023 In October 2021, the Financial Accounting Standards Board (“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 Consolidated Financial Statements. Accounting Pronouncements Issued But Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which is intended to improve reportable segment disclosure requirements, primarily through additional disclosures about significant segment expenses on an interim and annual basis. Additionally, it requires a public entity to disclose the title and position of the chief operating decision maker. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements unless impracticable. The Company is in the process of evaluating the disclosure requirements related to the new standard. In December 2023, the FASB issued ASU 2023-08, Intangibles-Goodwill and Other-Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets , which requires entities that hold crypto assets to subsequently measure such assets at fair value with changes recognized in net income each reporting period. The guidance also requires crypto assets measured at fair value to be presented separately from other intangible assets on the balance sheet and changes in the fair value measurement of crypto assets to be presented separately on the income statement from changes in the carrying amounts of other intangible assets. The new standard is effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of this ASU but does not expect it to have a material impact on its Condensed Consolidated Financial Statements and related disclosures as the Company generally does not carry a material amount of Bitcoin. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires more detailed income tax disclosures. The guidance requires entities to disclose disaggregated information about their effective tax rate reconciliation as well as expanded information on income taxes paid by jurisdiction. The disclosure requirements will be applied on a prospective basis, with the option to apply them retrospectively. The new standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is in the process of evaluating the impact of the new standard on the related disclosures. 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 Consolidated Financial Statements.

Goodwill and Purchased Intangib

Goodwill and Purchased Intangible Assets	6 Months Ended
Goodwill and Purchased Intangible Assets	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND PURCHASED INTANGIBLE ASSETS	2. GOODWILL AND PURCHASED INTANGIBLE ASSETS Goodwill by Segment The carrying amounts of goodwill by segment as of June 30, 2024 and December 31, 2023 are included in the table below. Foreign currency fluctuations are included within other adjustments . December 31, 2023 June 30, 2024 In millions Goodwill Additions Other Goodwill Network $ 1,696 $ — $ (1) $ 1,695 Self Service Banking (1) 256 — — 256 Total goodwill $ 1,952 $ — $ (1) $ 1,951 (1) The carrying amount of goodwill for the Self-Service Banking segment is presented net of accumulated impairment losses of $16 million as of each period end. Based on the annual goodwill impairment test completed during 2023, the Company determined the fair value of all three reporting units was greater than their carrying value. However, as of the date of the previous annual assessment, the Network reporting unit had fair value in excess of carrying value of less than 10%. Accordingly, it was previously disclosed that this reporting unit has a heightened risk of impairment if any assumptions, estimates, or market factors changed in the future. We have considered potential impairment triggering events during the course of the first half of 2024, and did not identify any such matters warranting additional evaluation. Identifiable Intangible Assets The Company’s purchased intangible assets, reported in Intangibles, net in the Condensed Consolidated Balance Sheets, were specifically identified when acquired, and are deemed to have finite lives. The gross carrying amount and accumulated amortization for the Company’s identifiable intangible assets were as set forth in the table below. Amortization June 30, 2024 December 31, 2023 In millions Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Direct customer relationships 1 - 15 $ 393 $ (95) $ 392 $ (84) Technology-software 3 - 8 500 (214) 495 (185) Tradenames 1 - 10 50 (38) 50 (33) Total identifiable intangible assets $ 943 $ (347) $ 937 $ (302) Amortization expense related to identifiable intangible assets for the following periods is: Three months ended June 30 Six months ended June 30 In millions 2024 2023 2024 2023 Amortization expense $ 23 $ 25 $ 48 $ 50 The estimated aggregate amortization expense for identifiable intangible assets for the following periods is: For the years ended December 31 In millions Remainder of 2024 2025 2026 2027 2028 Amortization expense $ 47 $ 93 $ 86 $ 77 $ 74

Segment Information and Concent

Segment Information and Concentrations	6 Months Ended
Segment Information and Concentrations	Jun. 30, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION AND CONCENTRATIONS	3. SEGMENT INFORMATION AND CONCENTRATIONS The Company manages and reports its operations in the following segments: Self-Service Banking, 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, neobanks, and retailers 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 ATM network, including our proprietary Allpoint 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 ReadyCode (formerly Pay360). We also provide ATM branding solutions to financial institutions, ATM management and services to retailers and other businesses, and our LibertyX business gives consumers the ability to buy and sell Bitcoin. • 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 income and expenses not allocated to segments includes income and expenses related to corporate functions and certain allocations from NCR prior to Separation that are not specifically attributable to an individual reportable segment. Other income and expenses not allocated to segments 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. For periods after the separation from Voyix, Other also includes revenues from commercial agreements with Voyix. 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 (loss) 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 charges (which includes integration, severance and other exit and disposal costs); plus stock-based compensation expense; plus other special (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 Consolidated Financial Statements as a whole. Inter-segment sales and transfers are not material. The following table presents revenue and Adjusted EBITDA by segment: In millions Three months ended June 30 Six months ended June 30 2024 2023 2024 2023 Revenue by segment Self-Service Banking $ 673 $ 654 $ 1,301 $ 1,260 Network 326 309 636 609 T&T 51 49 102 99 Total segment revenue 1,050 1,012 2,039 1,968 Other (1) 31 28 92 58 Consolidated revenue $ 1,081 $ 1,040 $ 2,131 $ 2,026 Adjusted EBITDA by segment Self-Service Banking $ 158 $ 173 $ 292 $ 312 Network 101 91 187 166 T&T 8 6 18 16 Total Segment Adjusted EBITDA $ 267 $ 270 $ 497 $ 494 Total Segment Adjusted EBITDA $ 267 $ 270 $ 497 $ 494 Less unallocated amounts Corporate income and expenses not allocated to segments 77 81 149 169 Other income and expenses not allocated to segments (3) (9) (7) (19) Interest expense, net (2) 79 5 158 9 Interest income (2) — (4) — Income tax expense 4 23 8 48 Depreciation and amortization expense 43 35 87 70 Acquisition-related amortization of intangibles 23 25 48 50 Stock-based compensation expense 9 19 19 33 Separation costs 6 33 15 40 Acquisition-related costs (4) — (4) — Transformation and restructuring 6 5 7 5 Net income attributable to Atleos $ 29 $ 53 $ 21 $ 89 (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. For periods after the separation from Voyix, Other also includes revenues from commercial agreements with Voyix. (2) Includes Related party interest expense, net, as presented in the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2023. The following table presents the recurring revenue and all other products and services revenue that is recognized at a point in time for Atleos: In millions Three months ended June 30 Six months ended June 30 2024 2023 2024 2023 Recurring revenue (1) $ 793 $ 730 $ 1,556 $ 1,440 All other products and services 288 310 575 586 Total revenue $ 1,081 $ 1,040 $ 2,131 $ 2,026 (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 June 30 Six months ended June 30 2024 2023 2024 2023 United States (“U.S.”) $ 491 $ 464 $ 970 $ 931 Americas (excluding U.S.) 128 133 266 252 Europe, Middle East and Africa 335 318 638 599 Asia Pacific 127 125 257 244 Total revenue $ 1,081 $ 1,040 $ 2,131 $ 2,026

Debt Obligations

Debt Obligations	6 Months Ended
Debt Obligations	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt Obligations	4. DEBT OBLIGATIONS The following table summarizes the Company’s short-term borrowings and long-term debt: In millions, except percentages June 30, 2024 December 31, 2023 Amount Weighted Average Interest Rate Amount Weighted Average Interest Rate Short-Term Borrowings Current portion of Senior Secured Credit Facility (1) $ 81 9.00 % $ 73 8.93 % Other (1) 3 7.22 % 3 7.23 % Total short-term borrowings $ 84 $ 76 Long-Term Borrowings Senior Secured Credit Facility: Term loan facility (1) $ 1,467 9.41 % $ 1,512 9.44 % Revolving credit facility (1) 176 9.56 % 155 8.71 % Senior Secured Notes: 9.500% Senior Secured Notes due 2029 1,350 1,350 Discount and deferred financing fees (77) (85) Other (1) 5 7.17 % 6 7.18 % Total long-term debt $ 2,921 $ 2,938 (1) Interest rates are weighted average interest rates as of June 30, 2024 and December 31, 2023. Senior Secured Credit Facility The Company is party to a Credit Agreement, which provides for a senior secured Term Loan A facility in an aggregate principal amount of $835 million (the “Term Loan A Facility”), a senior secured Term Loan B facility in an aggregate principal amount of $750 million (the “Term Loan B Facility” and together with the Term Loan A Facility, the “Term Loan Facilities”), and a revolving credit facility with commitments in an initial aggregate principal amount of $500 million (the “Revolving Credit Facility” and, together with the Term Loan Facilities, the “Credit Facilities”). As of June 30, 2024, the Term Loan Facilities under the Credit Agreement have an aggregate principal amount of $1,585 million, of which $1,548 million remained outstanding. Additionally, as of June 30, 2024, there was $176 million outstanding under the Revolving Credit Facility. The Revolving Credit Facility also contains a sub-facility to be used for letters of credit and, as of June 30, 2024, outstanding letters of credit were $26 million. Our borrowing capacity under our Revolving Credit Facility was $298 million at June 30, 2024. The outstanding principal balance of the Term Loan A Facility is required to be repaid in quarterly installments that began on March 31, 2024, in an amount equal to (i) 1.875% of the original aggregate principal amount during the first three years and (ii) 2.50% of the original aggregate principal amount 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 that began on March 31, 2024, in an amount equal to (i) 0.35% of the original aggregate principal amount during the first year, (ii) 0.875% of the original aggregate principal amount during the second year, (iii) 1.75% of the original aggregate principal amount during the third and fourth years, and (iv) 2.625% of the original aggregate principal amount 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. 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 contains a financial covenant, 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 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. Senior Secured Notes The 9.500% senior secured notes due in 2029 (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 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”) as security interest in the borrowing. The total amount available under the ATMaaS Facility is $20 million with repayment terms up to four years. As of June 30, 2024, total debt outstanding under the financing program was $8 million with a weighted average interest rate of 7.19% and a weighted average term of 2.4 years. As of December 31, 2023, total debt outstanding was $9 million with a weighted average interest rate of 7.20% and a weighted average term of 2.8 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 June 30, 2024 and December 31, 2023 was $3,208 million and $3,172 million, respectively. Management’s fair value estimates were based on quoted prices for recent trades of Atleos’ long-term debt, quoted prices for similar instruments, and inquiries with certain investment communities.

Trade Receivables Facility

Trade Receivables Facility	6 Months Ended
Trade Receivables Facility	Jun. 30, 2024
Receivables [Abstract]
Trade Receivables Facility	5. TRADE RECEIVABLES FACILITY The Company maintains a trade receivables facility (the “Trade Receivables Facility”) with PNC Bank, National Association (“PNC”) as administrative agent, and PNC, MUFG Bank, Ltd., Victory Receivables Corporation and the other purchasers from time to time party thereto (the “Purchasers”), which allows the Company’s wholly-owned, bankruptcy remote subsidiaries, NCR Atleos Receivables LLC (the “U.S. SPE”) and NCR Atleos Canada Receivables LP (the “Canadian SPE”), to sell certain trade receivables on a revolving basis to the Purchasers participating in the Trade Receivable Facility. The Trade Receivable Facility became effective October 16, 2023 and 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. Under the Trade Receivables Facility, the Company and certain United States and Canadian operating subsidiaries of the Company continuously sell their trade receivables as they are originated to the U.S. SPE and a Canadian SPE (collectively, the “SPEs”), as applicable. No assets or credit of either SPE is available to satisfy the debts and obligations owed to the creditors of the Company or any other person until the obligations of the SPEs under the Trade Receivables Facility have been satisfied. The Company controls, and therefore consolidates, the SPEs in its Condensed Consolidated Financial statements. As cash is collected on the trade receivables, the U.S. SPE has the ability to continuously transfer ownership and control of new qualifying receivables to the Purchasers such that the total outstanding balance of trade receivables sold can be up to $166 million at any point in time (i.e., the maximum purchase commitment). The future outstanding balance of trade receivables that are sold is expected to vary based on the level of activity and other factors and could be less than the maximum purchase commitment. The total outstanding balance of trade receivables that have been sold and derecognized by the U.S. SPE was approximately $166 million and $166 million as of June 30, 2024 and December 31, 2023, respectively. Excluding the trade receivables sold, the SPEs collectively owned $81 million and $90 million of trade receivables as of June 30, 2024 and December 31, 2023, respectively, and these amounts are included in Accounts receivable, net in the Company’s Condensed Consolidated Balance Sheets. Continuous cash activity related to the Trade Receivables Facility is reflected in Net cash provided by operating activities in the Condensed Consolidated Statements of Cash Flows. The U.S. SPE incurs fees due and payable to the Purchasers. Those fees, which are immaterial, are recorded within Other (expense) income, net in the Condensed Consolidated Statements of Operations. In addition, each of the SPEs has provided a full recourse guarantee in favor of the Purchasers of the full and timely payment of all trade receivables sold to them by the U.S. SPE. The guarantee is collateralized by all the trade receivables owned by each of the SPEs that have not been sold. The reserve recognized for this recourse obligation as of June 30, 2024 and December 31, 2023 is not material. Cardtronics USA Inc. and Cardtronics Canada Holdings Inc. continue to be involved with the trade receivables even after they are transferred to the SPEs (or further transferred to the Purchasers) by acting as a servicer. In addition to any obligations as servicer, the U.S. Originators and Canadian Originator provide the SPEs with customary recourse in respect of (i) certain dilutive events with respect to the trade receivables sold to the SPEs that are caused by the originator and (ii) in the event of certain violations by the originator of their representations and warranties with respect to the trade receivables sold to the SPEs. These servicing and originator liabilities of the Company and its subsidiaries (other than the SPEs) under the Trade Receivables Facility are not expected to be material, given the high quality of the customers underlying the receivables and the anticipated short collection period. The Trade Receivables Facility includes other customary representations and warranties, affirmative and negative covenants and default and termination provisions, which provide for the acceleration of amounts owed to the Purchasers thereunder in circumstances including, but not limited to, failure to pay capital or yield when due, breach of representation, warranty or covenant, certain insolvency events or failure to maintain the security interest in the trade receivables, and defaults under other material indebtedness.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2024
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 $4 million for the three months ended June 30, 2024 compared to income tax expense of $23 million for the three months ended June 30, 2023. The change was primarily driven by lower income before taxes and discrete tax benefits realized in the three months ended June 30, 2024, compared to the prior year period. In the three months ended June 30, 2024, the Company recognized a $9 million benefit related to provision to return adjustments. In the three months ended June 30, 2023, the Company recognized a $2 million expense from recording a valuation allowance against deferred tax assets in Turkey. Income tax expense was $8 million for the six months ended June 30, 2024 compared to income tax expense of $48 million for the six months ended June 30, 2023. The change was primarily driven by lower income before taxes and discrete tax benefits realized in the six months ended June 30, 2024, compared to the prior year. In the six months ended June 30, 2024, the Company recognized an $11 million benefit related to provision to return adjustments. In the six months ended June 30, 2023, the Company recognized a $2 million expense from recording a valuation allowance against deferred tax assets in Turkey. As of June 30, 2024, the Company estimates that it is reasonably possible that gross unrecognized tax benefits may decrease by $6 million to $8 million in the next 12 months.

Stock Compensation Plans

Stock Compensation Plans	6 Months Ended
Stock Compensation Plans	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
STOCK COMPENSATION PLANS	7. STOCK COMPENSATION PLANS Stock-based compensation expense is recognized within Operating expenses in the Condensed Consolidated Financial Statements, depending on the nature of the employee’s role in our operations, based upon fair value. Consistent with the requirements of ASC 718, Compensation-Stock Compensation , our stock-based compensation expense includes expense on all awards held by Atleos employees, including converted option and restricted stock unit awards in Voyix common stock. Stock-based compensation expense for the following periods were: In millions Three months ended June 30 Six months ended June 30 2024 2023 2024 2023 Restricted stock units $ 9 $ 6 $ 19 $ 11 Tax expense (benefit) (1) (1) (2) (2) Stock-based compensation expense (net of tax) $ 8 $ 5 $ 17 $ 9 Total stock-based compensation expense, presented in the table above for the three and six months ended June 30, 2023, is specifically for employees who exclusively supported Atleos’ operations. Total stock-based compensation expense allocated to Atleos for corporate and shared employees was $13 million and $22 million for the three and six months ended June 30, 2023, respectively. On February 16, 2024, the Company granted restricted stock units under the 2023 Stock Incentive Plan to its executive officers and other employees, comprised of both time-based and market-based restricted stock units. The time-based restricted stock units were granted with a weighted-average grant date fair value of $21.90 and vest in annual installments over a three-year requisite service period ending February 16, 2027. The market-based restricted stock units vest in an amount between zero and 200% of the target units granted based on the Company’s relative total shareholder return from January 1, 2024 to December 31, 2026 (the “performance period”), as compared to a designated peer group. The fair value of the awards was determined to be $27.46 per share based on using a Monte-Carlo simulation model and will be recognized over a three-year requisite service period ending February 16, 2027. Both time-based and market-based restricted stock units granted to executive officers are subject to a mandatory one-year post-vesting holding period. As such, a discount for lack of marketability was calculated using the Finnerty model and applied to the awards subject to the post-vesting restrictions. The fair value of the time-based and market-based awards subject to the post-vesting restrictions were $19.36 and $24.27, respectively. The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on February 16, 2024: Dividend yield 3.46 % Risk-free interest rate 4.35 % Expected volatility 55.15 % Discount for lack of marketability 11.59 % Expected volatility for these restricted stock units is calculated as the historical volatility of the Company’s peers over a period of approximately three years, as management believes this is the best representation of prospective trends given the limited trading history of Atleos’ stock. 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. The dividend yield was based on the Company’s estimated annual dividend payment and stock price. The discount for lack of marketability was based on a Finnerty put-option model, which uses the price of a put to estimate the cost of insuring the value of the award against downside risk during the holding period. As of June 30, 2024, the total unrecognized compensation cost related to unvested restricted stock grants is $54 million. The unrecognized compensation cost is expected to be recognized over a weighted average period of approximately 2.2 years. Employee Stock Purchase Plan

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
Employee Benefit Plans	Jun. 30, 2024
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	8. EMPLOYEE BENEFIT PLANS Components of net periodic benefit cost (income) of the pension plans, including amounts allocated prior to the Spin-off, for the three months ended June 30 were as follows: U.S. Pension Benefits International Pension Benefits Total Pension Benefits In millions 2024 2023 2024 2023 2024 2023 Net service cost $ — $ — $ 1 $ — $ 1 $ — Interest cost 16 — 5 5 21 5 Expected return on plan assets (19) — (8) (7) (27) (7) Net periodic benefit cost (income) $ (3) $ — $ (2) $ (2) $ (5) $ (2) Components of net periodic benefit cost (income) of the pension plans, including amounts allocated prior to the Spin-off, for the six months ended June 30 were as follows: U.S. Pension Benefits International Pension Benefits Total Pension Benefits In millions 2024 2023 2024 2023 2024 2023 Net service cost $ — $ — $ 1 $ — $ 1 $ — Interest cost 33 — 10 10 43 10 Expected return on plan assets (38) — (17) (15) (55) (15) Net periodic benefit cost (income) $ (5) $ — $ (6) $ (5) $ (11) $ (5) All components of net periodic benefit cost (income) of the postretirement plan, including amounts allocated prior to the Spin-off, for the three and six months ended June 30, 2024 and 2023 were immaterial. Components of net periodic benefit cost (income) of the postemployment plans, including amounts allocated prior to the Spin-off, for the three and six months ended June 30 were as follows: Three months ended June 30 Six months ended June 30 In millions 2024 2023 2024 2023 Net service cost $ 1 $ 1 $ 3 $ 3 Interest cost 2 — 2 — Net periodic benefit cost (income) $ 3 $ 1 $ 5 $ 3 The components of net periodic benefit cost (income), other than the net service cost component, are recorded in Other income (expense), net in the Condensed Consolidated Statements of Operations. Employer Contribution Pension For the three months ended June 30, 2024, Atleos made no contributions to its international pension plans. For the six months ended June 30, 2024, Atleos contributed $1 million to its international pension plans. Atleos anticipates contributing an additional $2 million to its international pension plans for a total of $3 million in 2024. Postretirement For the three and six months ended June 30, 2024, Atleos made no contributions to its postretirement plan. Atleos anticipates contributing $2 million to its postretirement plan in 2024. Postemployment For the three and six months ended June 30, 2024, Atleos contributed $7 million and $12 million, respectively, to its postemployment plan. Atleos anticipates contributing an additional $6 million to its postemployment plan for a total of $18 million in 2024.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES In the normal course of business, the Company is subject to various proceedings, lawsuits, claims and other matters, including, for example, those that relate to the environment and health and safety, labor and employment, employee benefits, import/export compliance, patents or other intellectual property, data privacy and security, product liability, commercial disputes and regulatory compliance, among others. Other than as stated below, the Company does not currently expect to incur material capital expenditures or other liabilities related to such matters. However, there can be no assurances that the actual amounts required to satisfy alleged liabilities from various lawsuits, claims, legal proceedings and other matters, will not exceed the amounts reflected in our Condensed Consolidated Financial Statements set forth herein or will not have a material adverse effect on our consolidated results of operations, capital expenditures, competitive position, financial condition or cash flows. Additionally, the Company is subject to diverse and complex laws and regulations, including those relating to corporate governance, public disclosure and reporting, environmental safety and the discharge of materials into the environment, product safety, import and export compliance, data privacy and security, antitrust and competition, government contracting, anti-corruption, and labor and human resources, which are rapidly changing and subject to many possible changes in the future. Compliance with these laws and regulations, including changes in accounting standards, taxation requirements and federal securities laws, among others, may create a substantial burden on, and substantially increase costs to, the Company or could have a material adverse effect on the Company’s consolidated results of operations, capital expenditures, competitive position, financial condition or cash flows and there can be no assurances that the actual amounts required to comply with applicable laws and regulations will not exceed the amounts reflected in the Company’s Condensed Consolidated Financial Statements set forth herein. The Company has reflected all liabilities when a loss is considered probable and reasonably estimable in the Condensed Consolidated Financial Statements. The Company provides its customers with certain indemnification rights, subject to certain limitations and exceptions. The Company agrees to defend and indemnify its customers from third-party lawsuits alleging that Company solutions infringe third party intellectual property rights. On limited occasions the Company will undertake to indemnify a customer for business, rather than contractual, reasons. From time to time, the Company enters into agreements in connection with its acquisition and divestiture activities that include indemnification obligations. 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. 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. Historically, the Company has not recorded a liability in connection with these indemnifications. In connection with the Separation, the Separation and Distribution Agreement provides that Voyix will transfer to the Company, and the Company 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 they relate to the Company’s business or the Company’s assets, 50% of certain shared environmental liabilities arising from conduct prior to the Distribution if Voyix’s annual costs, net of any insurance proceeds and third party payments actually received, 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 the Company’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. Shared Environmental Matters As described above, the Company shares liability with Voyix for certain investigatory and remedial activities, and related litigation, at formerly owned or operated facilities, to comply, or to determine compliance, with environmental laws (the “Shared Environmental Matters”). Pursuant to the Separation and Distribution Agreement, the Company and Voyix share equally costs and liabilities with respect to the Shared Environmental Matters to the extent Voyix’s annual costs, net of any insurance proceeds and third party payments actually received, exceed $15 million. Under the Separation and Distribution Agreement, Voyix will notify the Company by December 1 each calendar year of the estimated costs for the Shared Environmental Matters it will incur each quarter of the following calendar year pursuant to which the Company will make quarterly payments to Voyix of any required contribution. The Company’s payments are subject to upward or downward adjustment after Voyix provides a final quarterly accounting of the actual costs. As of June 30, 2024, Voyix estimated that the Company’s contribution for Shared Environmental Matters in 2024 may be approximately $2 million, payable in the third quarter of 2024. The Company evaluated the estimate in accordance with ASC 450, Contingencies , and concluded that, as of June 30, 2024, a loss of up to $2 million is reasonably possible, but not probable and, therefore, no accrual has been recorded. Other than the cost reporting described above, Voyix is only required to update the Company “from time to time with respect to any events in connection with [the Shared Environmental Matters] at such times and in such manner as [Voyix] shall reasonably determine.” The term of this cost sharing is indefinite and includes defense costs and expenses. Voyix controls exclusively the management of the Shared Environmental Matters, including any litigation related thereto, which could impact the amounts that the Company is required to contribute for the Shared Environmental Matters under the Separation and Distribution Agreement. Kalamazoo River One of the Shared Environmental Matters is the Allied Paper, Inc./Portage Creek/Kalamazoo River Superfund Site (“Kalamazoo River” site) remediation and related litigations. By way of background, on December 5, 2019, Voyix entered into a Consent Decree with the United States Environmental Protection Agency (“USEPA”) and other government agencies having oversight over the Kalamazoo River. On December 2, 2020, the District Court having jurisdiction over this matter approved the Consent Decree, which required Voyix to pay Georgia Pacific (“GP”) a 40% share of past costs, to pay the USEPA and state agencies their past and future administrative costs, and to dismiss a pending appeal. The Consent Decree further requires Voyix to take responsibility for the remediation of a portion, but not all, of the Kalamazoo River. The Consent Decree further provides Voyix protection from other potentially responsible parties, including GP, seeking contribution for their costs associated with the clean-up anywhere on the river, thereby resolving the allocation of future costs left unresolved by prior litigation. Voyix reports that it believes it has meritorious claims against Kalamazoo River co-obligor B.A.T. Industries p.l.c. (“BAT”) under a prior settlement agreement with that company for the Kalamazoo River remediation expenses as a so-called “future site.” To date, BAT has denied that the Kalamazoo River is a “future site.” On February 10, 2023, Voyix filed an action against BAT in the Southern District of New York seeking a declaration that the Kalamazoo River is indeed a future site under their agreement. Voyix also reports that it will have indemnity or reimbursement claims against AT&T Corp and Nokia (as the successor to Lucent Technologies and Alcatel-Lucent USA) under a 1996 Divestiture Agreement after expenses have met a contractual threshold. Voyix believes that contractual threshold was, or was nearly, met in December 2022. Pursuant to the Separation and Distribution Agreement, Voyix will continue to control any actions to collect the unpaid sums. Voyix further reports that as of June 30, 2024 and December 31, 2023, Voyix’s total reserve for Kalamazoo River was $145 million and $141 million, respectively. The reserve is reported on a basis that is net of expected contributions from Voyix’s co-obligors and indemnitors, subject to when the applicable threshold is reached. While Voyix believes its co-obligors’ and indemnitors’ obligations are as previously reported, the reserve reflects changes in positions taken by some of those co-obligors and indemnitors with respect to the Kalamazoo River. The contributions from its co-obligors and indemnitors are expected to range from $70 million to $155 million, respectively, and Voyix will continue to pursue such contribution. As many aspects of the costs of remediation will not be determined for several years (and thus the high end of a range of possible costs for many areas of the site cannot be quantified at this time), Voyix reports that it has made what it considers to be reasonable estimates of the low end of a range for such costs where remedies are identified, and/or of the costs of investigations and studies for areas of the river where remedies have not yet been determined, and the reserve is informed by those estimates. The extent of Voyix’s and, therefore, the Company’s, potential liability remains subject to many uncertainties, notwithstanding the settlement of this matter and the related Consent Decree noted above, particularly in as much as remedy decisions and cost estimates will not be generated until times in the future and as most of the work to be performed will take place through the 2030s. Environmental-Related Insurance Recoveries Historically, Voyix has received payments from its insurance carriers with respect to the Shared Environmental Matters. Pursuant to the Separation and Distribution Agreement, insurance amounts actually recovered will, as a result of reducing Voyix’s overall liability, reduce the Company’s liability in its obligation to contribute for the Shared Environmental Matters. The Company does not anticipate that Voyix will obtain further material insurance recoveries specific to Kalamazoo River remediation costs. Pursuant to the Separation and Distribution Agreement, control of claims against insurers with respect to the Shared Environmental Matters is controlled exclusively by Voyix, as well as whether or not any coverage is in fact available, and the Company is unable to predict whether and to what extent insurance proceeds will be available to offset any amounts it may be required to pay in respect of the foregoing environmental matters pursuant to the Separation and Distribution Agreement. Environmental Remediation Estimates It is difficult to estimate the future financial impact of environmental laws, including potential liabilities. We record environmental provisions when it is probable that a liability has been incurred and the amount or range of the liability is reasonably estimable; in accordance with accounting guidance, where liabilities are not expected to be quantifiable or estimable for a period of years, the estimated costs of investigating those liabilities are recorded as a component of the reserve for that particular site. Provisions for estimated losses from environmental restoration and remediation are, depending on the site, based generally on internal and third-party environmental studies, estimates as to the number and participation level of other potentially responsible parties, the extent of contamination, estimated amounts for attorney and other fees, and the nature of required clean-up and restoration actions. Reserves are adjusted as further information develops or circumstances change. Where our environmental liabilities result from the Shared Environmental Matters, we will rely on information shared with us by Voyix, who is controlling these matters, with respect to determining the amount of potential liability. Management expects that the amounts reserved from time to time will be paid out over the period of investigation, negotiation, remediation and restoration for the applicable sites, including in connection with our obligations under the Separation and Distribution Agreement. Shared Legal Matters Pursuant to the Separation and Distribution Agreement, the Company shares equally costs and liability with Voyix for certain pre-existing litigation matters known as of the Separation date. These matters are managed solely by Voyix, and we rely on information provided to us by Voyix to determine the amount of potential liability. In November 2015, in Hoak, et al. v. Plan Administrator of the Plans of NCR Corporation , participants and beneficiaries of certain deferred compensation retirement plans sponsored by NCR Corporation (collectively, the “Plan”) filed a putative class action lawsuit against NCR and other defendants, alleging the defendants breached the plan agreements by, among other things, paying lump sum payments based on mortality tables and actuarial calculations upon termination of the Plan. The court certified a class in 2017. On June 10, 2024, the court entered a final judgment and ordered Voyix to calculate the “benefits due” to the Plan participants, including pre-judgment interest, based on the sum that would have been sufficient to allow each participant to purchase a replacement annuity using discount rates prescribed by the Pension Benefit Guaranty Corporation in effect as of the February 25, 2013 termination date . Voyix reports that it intends to vigorously contest the matter and filed a notice of appeal on July 2, 2024. Voyix further reports that an estimate or range of possible loss was not ordered in the judgment and cannot be determined at this time. Voyix therefore stipulated with the plaintiffs to a $45 million supersedeas bond, which Voyix contends may not be correlated to any actual loss but will allow Voyix to seek a stay of execution of the judgment pending appeal. The Company evaluated the judgment and order and, after consulting with Voyix, in accordance with ASC 450, Contingencies , concluded that, as of June 30, 2024, a loss is reasonably possible, but that an estimate or range of possible loss cannot be determined at this time given uncertainty regarding the ultimate form of relief and complexities in the methodology and quantification of damages, if any. Purchase Commitments The Company has purchase commitments for materials, supplies, services, and property, plant and equipment as part of the normal course of business.

Related Parties

Related Parties	6 Months Ended
Related Parties	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTIES	10. RELATED PARTIES Pursuant to the Separation, Voyix ceased to be a related party to Atleos and accordingly, no related party transactions or balances are reported subsequent to October 16, 2023. Cash management and financing Prior to the Separation, the Company participated in NCR’s centralized treasury and cash management programs. In certain jurisdictions, disbursements were made through centralized accounts payable systems which were operated by NCR. Similarly, cash receipts in these jurisdictions were mostly transferred to centralized accounts, which were also maintained by NCR. As cash was received and disbursed by NCR, it was accounted for by the Company through Net investment from NCR Corporation. Allocation of centralized costs The Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2023, include expenses for certain centralized functions and other programs provided and/or administered by NCR that were charged directly to the Company. In addition, for purposes of preparing these Condensed Consolidated Financial Statements, a portion of NCR’s total corporate general and administrative expenses had been allocated to the Company. NCR allocations to the Company reflected in the Condensed Consolidated Statements of Operations are as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2023 Cost of products $ 8 $ 15 Cost of services 23 45 Selling, general and administrative expense 40 84 Research and development expense 7 13 Total allocated costs $ 78 $ 157 Related-party notes Related party notes receivable Prior to the Separation, the Company had notes receivable from related parties that were settled in cash or forgiven as part of the Separation structuring activities. The weighted-average interest rate for these notes was approximately 3.7% as of June 30, 2023. The Company recognized $3 million and $6 million of interest income, for the three and six months ended June 30, 2023, respectively, related to these notes, which is included in Related party interest expense, net in the Condensed Consolidated Statements of Operations. Related party borrowings Prior to the Separation, the Company had borrowings due to related parties that were settled in cash or forgiven as part of the Separation structuring activities. The weighted-average interest rate for these borrowings was approximately 4.3% as of June 30, 2023. The Company recognized $8 million and $15 million of interest expense, for the three and six months ended June 30, 2023, respectively, related to these borrowings, which is included in Related party interest expense, net in the Condensed Consolidated Statements of Operations. Net transfers from (to) NCR Corporation The net effect of transactions between the Company and NCR are included within Net transfers from (to) NCR Corporation in the Condensed Consolidated Statements of Cash Flows and within Net transfers from (to) NCR Corporation in the Condensed Consolidated Statements of Changes in Stockholders’ Equity. The components of Net transfers from (to) NCR Corporation are as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2023 General financing activities $ (101) $ (246) Allocation of centralized costs 78 157 Net transfers from (to) NCR Corporation - Condensed Consolidated Statements of Cash Flows (23) (89) Stock based compensation expense 19 33 Net transfers from (to) NCR Corporation—Condensed Consolidated Statements of Changes in Stockholders’ Equity $ (4) $ (56)

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	11. EARNINGS PER SHARE Basic earnings per share (“EPS”) is calculated by dividing net income or loss attributable to Atleos by the weighted average number of shares outstanding during the period. In computing diluted EPS, we evaluate and reflect the maximum potential dilution, for each issue or series of issues of potential common shares in sequence from the most dilutive to the least dilutive. We adjust the denominator used in the basic EPS computations, subject to anti-dilution requirements, to include the dilution from potential shares resulting from the issuance of restricted stock units and stock options. On October 16, 2023, the date of Separation, 70.6 million shares of Atleos’ 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 the three and six months ended June 30, 2023. These shares are treated as issued and outstanding for purposes of calculating historical earnings per share. For the three and six months ended June 30, 2023, it is assumed that there are no dilutive equity instruments as there were no equity awards of Atleos outstanding prior to the Separation. The components of basic earnings per share are as follows: Three months ended June 30 Six months ended June 30 In millions, except per share amounts 2024 2023 2024 2023 Numerator: Net income attributable to Atleos common stockholders $ 29 $ 53 $ 21 $ 89 Denominator: Basic weighted average number of shares outstanding 72.2 70.6 71.9 70.6 Basic earnings per share: $ 0.40 $ 0.75 $ 0.29 $ 1.26 The components of diluted earnings per share are as follows: Three months ended June 30 Six months ended June 30 In millions, except per share amounts 2024 2023 2024 2023 Numerator: Net income attributable to Atleos common stockholders $ 29 $ 53 $ 21 $ 89 Denominator Basic weighted average number of shares outstanding 72.2 70.6 71.9 70.6 Dilutive effect of restricted stock units and stock options 1.5 — 1.6 — Weighted average diluted shares 73.7 70.6 73.5 70.6 Diluted earnings per share: $ 0.39 $ 0.75 $ 0.29 $ 1.26

Derivatives and Hedging Instrum

Derivatives and Hedging Instruments	6 Months Ended
Derivatives and Hedging Instruments	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING INSTRUMENTS	12. 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 also 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 swap contracts (“Interest Rate Derivatives”). Further, a substantial portion of our operations and revenue occur outside the United States and, as such, Atleos has exposure to approximately 40 functional currencies. Our results can be significantly impacted, both positively and negatively, by changes in foreign currency exchange rates. The Company seeks to mitigate such impact by hedging its foreign currency transaction exposure using foreign currency contracts. We do not enter into hedges for speculative purposes. Foreign Currency Exchange Risk The accounting guidance for derivatives and hedging requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the Condensed Consolidated Balance Sheets. The Company designates foreign exchange contracts as cash flow hedges of forecasted transactions when they are determined to be highly effective at inception. Our risk management strategy includes hedging, on behalf of certain subsidiaries, a portion of our forecasted, non-functional currency denominated cash flows for a period of up to 15 months. As a result, some of the impact of currency fluctuations on non-functional currency denominated transactions (and hence on subsidiary operating income, as stated in the functional currency), is mitigated in the near term. In the longer term (greater than 15 months), the subsidiaries are still subject to the effect of translating the functional currency results to United States Dollars. To manage our exposures and mitigate the impact of currency fluctuations on the operations of our foreign subsidiaries, we hedge our main transactional exposures through the use of foreign exchange contracts. This is primarily done through the hedging of foreign currency denominated intercompany inventory purchases by Atleos’ marketing units and the foreign currency denominated inputs to our manufacturing units. If the hedge is designated as a highly effective cash flow hedge, the gains or losses are deferred into accumulated other comprehensive income (loss) (“AOCI”). The gains or losses from derivative contracts that are designated as highly effective cash flow hedges related to inventory purchases are recorded in cost of products when the inventory is sold to an unrelated third party. Otherwise, they are recorded in earnings when the exchange rates change. As of June 30, 2024, the balance in AOCI related to foreign exchange derivative transactions was zero because no such derivatives were designated as highly effective hedges. We also utilize foreign exchange contracts to hedge our exposure of assets and liabilities denominated in non-functional currencies. We recognize the gains and losses on these types of hedges in earnings as exchange rates change. Interest Rate Risk The Company designates Interest Rate Derivative contracts as cash flow hedges of forecasted transactions when they are determined to be highly effective at inception. We utilize interest rate swap contracts to add stability to interest cost 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 Consolidated Statements of Cash Flows. In June 2023, the Company executed $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 had fixed rates ranging from 4.240% to 5.274%, 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. In March 2024, the Company terminated all open U.S. Dollar interest rate swap contracts for cash proceeds of $13 million. The net derivative-related gains associated with these swaps will be reclassified into earnings from Accumulated other comprehensive income through December 31, 2025, corresponding to the term of the original interest rate swap agreements. Effective March 19, 2024, the Company executed $2.0 billion aggregate notional amount interest rate swap contracts terminating on March 31, 2027. These interest rate swap contracts have fixed rates ranging from 4.294% to 4.306%, and have been designated as cash flow hedges of the floating rate interest associated with the Company’s U.S. Dollar vault cash agreements. As of June 30, 2024, each of our outstanding Interest Rate Derivative agreements were determined to be highly effective. Amounts reported in AOCI 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 agreements reported in AOCI will be reclassified to Cost of services ratably over terms corresponding to the original agreements. As of June 30, 2024 and December 31, 2023, the balance in AOCI related to Interest Rate Derivatives was $31 million and $34 million, respectively. The following tables provide information on the location and amounts of derivative fair values in the Condensed Consolidated Balance Sheets: Fair Values of Derivative Instruments June 30, 2024 December 31, 2023 In millions Balance Sheet Location Notional Fair Notional Fair Derivatives designated as hedging instruments Assets: Interest rate swap contracts Other current assets $ 11 $ 7 Total assets $ — $ 11 $ — $ 7 Liabilities: Interest rate swap contracts Other current liabilities $ (2) $ (2) Interest rate swap contracts Other liabilities (15) (27) Total liabilities $ 2,442 $ (17) $ 2,447 $ (29) Derivatives not designated as hedging instruments Foreign exchange contracts Other current assets $ 105 $ — $ 219 $ 1 Foreign exchange contracts Other current liabilities $ 254 $ — $ 107 $ — As of June 30, 2024, the Company expects to reclassify $53 million of net derivative-related gains contained in Accumulated other comprehensive income (loss) into earnings during the next twelve months. Gains and losses reclassified from AOCI into the Condensed Consolidated Statements of Operations are recorded within Cost of services. The effects of derivative instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income were as follows: Three months ended June 30 Six months ended June 30 In millions 2024 2023 2024 2023 Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) on Derivative Contracts $ 13 $ 49 $ 38 $ 38 Amount of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statements of Operations $ (22) $ (21) $ (43) $ (36) Amount of Gain (Loss) Recognized in the Condensed Consolidated Statements of Operations In millions Three months ended June 30 Six months ended June 30 Derivatives not Designated as Hedging Instruments Location of Gain (Loss) Recognized in the Condensed Consolidated Statements of Operations 2024 2023 2024 2023 Foreign exchange contracts Other (expense) income, net $ (3) $ — $ (5) $ — Refer to Note 13, “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 Consolidated 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’ business often involves large transactions with customers, and if one or more of those customers were to default on its obligations under applicable contractual arrangements, the Company could be exposed to potentially significant losses. However, management believes that the reserves for potential losses are adequate. As of June 30, 2024 and December 31, 2023, Atleos did not have any major concentration of credit risk related to financial instruments.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	6 Months Ended
Fair Value of Assets and Liabilities	Jun. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	13. FAIR VALUE OF ASSETS AND LIABILITIES Assets and liabilities recorded at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 are set forth as follows: June 30, 2024 In millions Total Level 1 Level 2 Level 3 Assets: Deposits held in money market mutual funds (1) $ 3 $ 3 $ — $ — Interest rate swap contracts (2) 11 — 11 — Total assets $ 14 $ 3 $ 11 $ — Liabilities: Interest rate swap contracts (3) $ 17 $ — $ 17 $ — Total liabilities $ 17 $ — $ 17 $ — December 31, 2023 In millions Total Level 1 Level 2 Level 3 Assets: Deposits held in money market mutual funds (1) $ 4 $ 4 $ — $ — Foreign exchange contracts (2) 1 — 1 — Interest rate swap contracts (2) 7 — 7 — Total assets $ 12 $ 4 $ 8 $ — Liabilities: Interest rate swap contracts (3) $ 29 $ — $ 29 $ — Total liabilities $ 29 $ — $ 29 $ — (1) Included in Cash and cash equivalents in the Condensed Consolidated Balance Sheets. (2) Included in Other current assets in the Condensed Consolidated Balance Sheets. (3) Included in Other current liabilities and Other liabilities in the Condensed Consolidated Balance Sheets. Deposits Held in Money Market Mutual Funds A portion of the Company’s excess cash is held in money market mutual funds that generate interest income based on prevailing market rates. Money market mutual fund holdings are measured at fair value using quoted market prices and are classified within Level 1 of the valuation hierarchy. Foreign Exchange Contracts As a result of our global operating activities, we are exposed to risks from changes in foreign currency exchange rates, which may adversely affect our financial condition. To manage our exposures and mitigate the impact of currency fluctuations on our financial results, we hedge our primary transactional exposures through the use of foreign exchange contracts. The foreign exchange contracts are valued using the market approach based on observable market transactions of forward rates and are classified within Level 2 of the valuation hierarchy. Interest Rate Swap In order to add stability to operating costs and to manage exposure to interest rate movements, the Company utilizes interest rate swap contracts as part of its interest rate risk management strategy. The interest rate swap contracts are valued using an income model based on disparity between variable and fixed interest rates, the scheduled balance of underlying principal outstanding, yield curves, and other information readily available in the market. As such, the interest rate swap contracts are classified in Level 2 of the fair value hierarchy. We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we consider the impact of netting and any applicable credit enhancements. We measure the credit risk of our derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments utilize Level 3 inputs to evaluate the likelihood of both our own default and counterparty default. As of June 30, 2024, we determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives and therefore, the valuations are classified in Level 2 of the fair value hierarchy.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
Accumulated Other Comprehensive Income	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss) [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME	14. ACCUMULATED OTHER COMPREHENSIVE INCOME Changes in Accumulated Other Comprehensive Income (Loss) (“AOCI”) 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, 2023 $ 57 $ (5) $ 34 $ 86 Other comprehensive income (loss) before reclassifications (24) — 29 5 Amounts reclassified from AOCI — (32) (32) Net current period other comprehensive income (loss) (24) — (3) (27) Other 5 (5) — — Balance as of June 30, 2024 $ 38 $ (10) $ 31 $ 59 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 (loss) before reclassifications 24 — 30 54 Amounts reclassified from AOCI — — (28) (28) Net current period other comprehensive income (loss) 24 — 2 26 Balance as of June 30, 2023 $ (109) $ (18) $ 90 $ (37) Reclassifications Out of AOCI For the three months ended June 30, 2024 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 Consolidated Statement of Operations: Cost of services $ — $ — $ (22) $ (22) Total before tax $ — $ — $ (22) $ (22) Tax expense 5 Total reclassifications, net of tax $ (17) For the three months ended June 30, 2023 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Consolidated Statement of Operations: Cost of services $ — $ — $ (21) $ (21) Total before tax $ — $ — $ (21) $ (21) Tax expense 5 Total reclassifications, net of tax $ (16) For the six months ended June 30, 2024 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 Consolidated Statement of Operations: Cost of services $ — $ — $ (43) $ (43) Total before tax $ — $ — $ (43) $ (43) Tax expense 11 Total reclassifications, net of tax $ (32) For the six months ended June 30, 2023 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Consolidated Statement of Operations: Cost of services $ — $ — $ (36) $ (36) Total before tax $ — $ — $ (36) $ (36) Tax expense 8 Total reclassifications, net of tax $ (28)

Supplemental Financial Informat

Supplemental Financial Information	6 Months Ended
Supplemental Financial Information	Jun. 30, 2024
Supplemental Financial Information [Abstract]
SUPPLEMENTAL FINANCIAL INFORMATION	15. SUPPLEMENTAL FINANCIAL INFORMATION The components of Other income (expense), net are summarized as follows: Three months ended June 30 Six months ended June 30 In millions 2024 2023 2024 2023 Other income (expense), net Interest income $ 2 $ — $ 4 $ — Foreign currency fluctuations and foreign exchange contracts (2) (1) (5) (4) Employee benefit plans 6 2 11 5 Bank-related fees (6) — (8) — Other, net 4 — 5 — Total other income (expense), net $ 4 $ 1 $ 7 $ 1 The components of Accounts receivable, net are summarized as follows: In millions June 30, 2024 December 31, 2023 Accounts receivable Trade $ 599 $ 638 Other 126 87 Accounts receivable, gross 725 725 Less: allowance for credit losses (18) (14) Total accounts receivable, net $ 707 $ 711 The components of Inventories are summarized as follows: In millions June 30, 2024 December 31, 2023 Work in process and raw materials $ 52 $ 55 Finished goods 83 72 Service parts 194 206 Total inventories $ 329 $ 333

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net (loss) income attributable to parent	$ 29	$ 53	$ 21	$ 89

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	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 Corporation (now known as NCR Voyix Corporation or “Voyix,” and referred to as “NCR” prior to the Separation), announced its plan to separate its businesses into two distinct, publicly-traded companies, whereby NCR would execute a spin-off to NCR stockholders of its self-service banking, network, and telecommunications and technology businesses, (the “Spin-off” or “Separation”). On September 22, 2023, the Board of Directors of NCR authorized the Spin-off of Atleos, which was completed on October 16, 2023. The Spin-off was achieved by means of a pro-rata distribution of all of Atleos’ common stock to Voyix’s stockholders of record at the close of business on October 2, 2023 (“Record Date”) (collectively, the “Distribution”). On October 16, 2023, the Company became a stand-alone publicly-traded company, and its financial statements are now presented on a consolidated basis. The financial statements for all periods presented, including the historical results of the Company prior to October 16, 2023, are referred to as “Condensed Consolidated Financial Statements”, and 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 consolidated results of operations, financial position, and cash flows for each period presented. The consolidated results for the interim periods are not necessarily indicative of results to be expected for the full year. The 2023 year-end Condensed Consolidated 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 the Company’s Form 10-K for the year ended December 31, 2023. Prior to the Separation, Atleos was wholly owned by NCR; consequently, stand-alone financial statements had not historically been prepared. The Condensed Consolidated Financial Statements for the three and six months ended June 30, 2023 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 Condensed Consolidated 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. 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 stand-alone basis for the periods presented. Prior to the Separation, income tax expense and tax balances were calculated on a separate tax return basis. The separate tax return method applies the accounting guidance for income taxes to the stand-alone financial statements as if the Company was a separate taxpayer and a stand-alone company even though the Company filed as part of NCR’s tax group in certain jurisdictions prior to Separation. Management believes the assumptions supporting the allocation and presentation of income taxes on a separate return basis are reasonable. The historical Condensed Combined Financial Statements did not purport to reflect what the Company’s results of operations, comprehensive income, financial position, equity or cash flows would have been had the Company operated as a stand-alone public company during the periods presented. Refer to Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”, of the audited Consolidated Financial Statements in the 2023 Form 10-K for additional details on Atleos’ basis of presentation during periods prior to the Separation and post Separation. All intracompany accounts and transactions within the Company have been eliminated in the preparation of the Condensed Consolidated Financial Statements. Prior to the Separation, the aggregate net effect of transactions between the Company and NCR that are not historically settled in cash have been reflected in the Condensed Consolidated Statements of Cash Flows as Net transfers from (to) Parent within financing activities. See Note 10, “Related Parties”, for further information. Following the Separation, certain functions continue to be provided by or for Voyix under the Transition Services Agreements or are being performed using Atleos’ own resources or third-party service providers. Additionally, certain maintenance services, manufacturing services, product resale and other support services and supply chain operations will continue to be provided by or to Voyix under the Commercial Agreements. The Company incurred certain costs in its establishment as a stand-alone public company and expects to incur ongoing additional costs associated with operating as an independent, publicly-traded company. Unless otherwise noted, all figures within the Condensed Consolidated Financial Statements are stated in U.S. Dollars (USD) and millions.
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, certain aspects of revenue recognition, and allocations of cost and expenses from NCR prior to Separation. 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 macroeconomic pressures and geopolitical challenges. The ultimate impact on our overall financial condition and operating results will depend on the duration and severity of 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 Company evaluated subsequent events through the date that our Condensed Consolidated Financial Statements were issued. Other than the items discussed below and within the Notes to Condensed Consolidated Financial Statements, no matters were identified that required adjustment to the Condensed Consolidated Financial Statements or additional disclosure. Effective August 5, 2024, the Company executed $450 million aggregate notional amount interest rate swap contracts terminating on December 31, 2027. These interest rate swap contracts have fixed rates ranging from 3.442% to 3.479%, and have been designated as cash flow hedges of the floating rate interest associated with the Company’s U.S. Dollar vault cash agreements. On August 9, 2024, the Company executed $500 million aggregate notional amount interest rate swap contracts that began August 13, 2024 and will terminate on December 31, 2027. These interest rate swap contracts have fixed rates ranging from 3.592% to 3.610%, and have been designated as cash flow hedges of the floating rate interest associated with the Company’s Term Loan Facilities, discussed in Note 4, “Debt Obligations”. These hedging activities are in line with our interest rate risk management strategy outlined in Note 12, “Derivatives and Hedging Instruments”.
Remaining Performance Obligations	Remaining Performance Obligations Remaining performance obligations represent the transaction price of contracts for which products have not been delivered or services have not been performed. As of June 30, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $2 billion. The Company expects to recognize revenue on approximately three-quarters of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. The majority of our professional services are expected to be recognized over the next 12 months but this is contingent upon a number of factors, including customers’ needs and schedules.
Allowance for Credit Losses on Accounts Receivable	Allowance for Credit Losses on Accounts Receivable The allowance for credit losses as of June 30, 2024 and December 31, 2023 was $18 million and $14 million, respectively. We continue to evaluate our reserves in light of the age and quality of our outstanding accounts receivable as well as risks to specific industries or countries and adjust the reserves accordingly. The impact to our allowance for credit lo sses for the three and six months ended June 30, 2024 and 2023 was immaterial. The Company recorded immaterial write-offs against the reserve for the three and six months ended June 30, 2024 and 2023. Additionally, the allowance for credit losses as of June 30, 2024 includes approximately $3 million related to other accounts receivable balances not transferred to Atleos as of December 31, 2023 due to delays in local processes of setting up certain Atleos legal entities. These entities were legally transferred to the Company during the first quarter of 2024. As such, the allowance for credit losses associated with these transferred entities were recorded in the Company’s Condensed Consolidated Balance Sheet as of March 31, 2024. Prior to the Separation, this amount was included within Atleos’ allowance for credit losses under carve-out methodology.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adoption of New Accounting Pronouncements in fiscal year 2023 In October 2021, the Financial Accounting Standards Board (“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 Consolidated Financial Statements. Accounting Pronouncements Issued But Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which is intended to improve reportable segment disclosure requirements, primarily through additional disclosures about significant segment expenses on an interim and annual basis. Additionally, it requires a public entity to disclose the title and position of the chief operating decision maker. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements unless impracticable. The Company is in the process of evaluating the disclosure requirements related to the new standard. In December 2023, the FASB issued ASU 2023-08, Intangibles-Goodwill and Other-Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets , which requires entities that hold crypto assets to subsequently measure such assets at fair value with changes recognized in net income each reporting period. The guidance also requires crypto assets measured at fair value to be presented separately from other intangible assets on the balance sheet and changes in the fair value measurement of crypto assets to be presented separately on the income statement from changes in the carrying amounts of other intangible assets. The new standard is effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of this ASU but does not expect it to have a material impact on its Condensed Consolidated Financial Statements and related disclosures as the Company generally does not carry a material amount of Bitcoin. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires more detailed income tax disclosures. The guidance requires entities to disclose disaggregated information about their effective tax rate reconciliation as well as expanded information on income taxes paid by jurisdiction. The disclosure requirements will be applied on a prospective basis, with the option to apply them retrospectively. The new standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is in the process of evaluating the impact of the new standard on the related disclosures. 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 Consolidated Financial Statements.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Revisions to the Consolidated Balance Sheet	The following table reflects the impact of the revision to the specific line items presented in the Company’s previously reported Consolidated Balance Sheet as of December 31, 2023. In millions As Reported Adjustments As Revised Current assets Accounts receivable, net $ 714 $ (3) $ 711 Other current assets 271 (17) 254 Total current assets 1,895 (20) 1,875 Property, plant and equipment, net 470 (2) 468 Prepaid pension cost 218 1 219 Other assets 173 (4) 169 Total assets $ 5,741 $ (25) $ 5,716 Current liabilities Payroll and benefits liabilities 151 (2) 149 Other current liabilities 477 9 486 Total current liabilities 1,747 7 1,754 Total liabilities $ 5,454 $ 7 $ 5,461 Atleos stockholders’ equity Paid-in capital 16 (4) 12 Retained earnings 181 (28) 153 Total Atleos stockholders’ equity 284 (32) 252 Total stockholders’ equity 287 (32) 255 Total liabilities and stockholders’ equity $ 5,741 $ (25) $ 5,716
Reconciliation of Cash, Cash Equivalents, and Restricted Cash	The reconciliation of cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows is as follows: In millions Location in the Condensed Consolidated Balance Sheet June 30 2024 2023 Cash and cash equivalents Cash and cash equivalents $ 374 $ 337 Short term restricted cash Restricted cash 7 — Long term restricted cash Other Assets 7 2 Cash included in settlement processing assets Restricted cash 242 226 Total cash, cash equivalents, and restricted cash $ 630 $ 565
Schedule of Net Contract Assets and Contract Liabilities Balances	The following table presents the net contract liability balances as of June 30, 2024 and December 31, 2023. As of June 30, 2024 and December 31, 2023, no contracts were in a net asset position. In millions Location in the Condensed Consolidated Balance Sheet June 30, 2024 December 31, 2023 Current portion of contract liabilities Contract liabilities $ 318 $ 325 Non-current portion of contract liabilities Other liabilities $ 27 $ 29

Goodwill and Purchased Intang_2

Goodwill and Purchased Intangible Assets (Tables)	6 Months Ended
Goodwill and Purchased Intangible Assets (Tables)	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill by Segment	The carrying amounts of goodwill by segment as of June 30, 2024 and December 31, 2023 are included in the table below. Foreign currency fluctuations are included within other adjustments . December 31, 2023 June 30, 2024 In millions Goodwill Additions Other Goodwill Network $ 1,696 $ — $ (1) $ 1,695 Self Service Banking (1) 256 — — 256 Total goodwill $ 1,952 $ — $ (1) $ 1,951 (1) The carrying amount of goodwill for the Self-Service Banking segment is presented net of accumulated impairment losses of $16 million as of each period end.
Schedule of Purchased Intangible Assets	The gross carrying amount and accumulated amortization for the Company’s identifiable intangible assets were as set forth in the table below. Amortization June 30, 2024 December 31, 2023 In millions Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Direct customer relationships 1 - 15 $ 393 $ (95) $ 392 $ (84) Technology-software 3 - 8 500 (214) 495 (185) Tradenames 1 - 10 50 (38) 50 (33) Total identifiable intangible assets $ 943 $ (347) $ 937 $ (302)
Schedule of Aggregate Amortization Expense	Amortization expense related to identifiable intangible assets for the following periods is: Three months ended June 30 Six months ended June 30 In millions 2024 2023 2024 2023 Amortization expense $ 23 $ 25 $ 48 $ 50 The estimated aggregate amortization expense for identifiable intangible assets for the following periods is: For the years ended December 31 In millions Remainder of 2024 2025 2026 2027 2028 Amortization expense $ 47 $ 93 $ 86 $ 77 $ 74

Segment Information and Conce_2

Segment Information and Concentrations (Tables)	6 Months Ended
Segment Information and Concentrations (Tables)	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Revenue and Operating Income by Segment	The following table presents revenue and Adjusted EBITDA by segment: In millions Three months ended June 30 Six months ended June 30 2024 2023 2024 2023 Revenue by segment Self-Service Banking $ 673 $ 654 $ 1,301 $ 1,260 Network 326 309 636 609 T&T 51 49 102 99 Total segment revenue 1,050 1,012 2,039 1,968 Other (1) 31 28 92 58 Consolidated revenue $ 1,081 $ 1,040 $ 2,131 $ 2,026 Adjusted EBITDA by segment Self-Service Banking $ 158 $ 173 $ 292 $ 312 Network 101 91 187 166 T&T 8 6 18 16 Total Segment Adjusted EBITDA $ 267 $ 270 $ 497 $ 494 Total Segment Adjusted EBITDA $ 267 $ 270 $ 497 $ 494 Less unallocated amounts Corporate income and expenses not allocated to segments 77 81 149 169 Other income and expenses not allocated to segments (3) (9) (7) (19) Interest expense, net (2) 79 5 158 9 Interest income (2) — (4) — Income tax expense 4 23 8 48 Depreciation and amortization expense 43 35 87 70 Acquisition-related amortization of intangibles 23 25 48 50 Stock-based compensation expense 9 19 19 33 Separation costs 6 33 15 40 Acquisition-related costs (4) — (4) — Transformation and restructuring 6 5 7 5 Net income attributable to Atleos $ 29 $ 53 $ 21 $ 89 (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. For periods after the separation from Voyix, Other also includes revenues from commercial agreements with Voyix. (2) Includes Related party interest expense, net, as presented in the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2023.
Schedule of Revenues from Products and Services	The following table presents the recurring revenue and all other products and services revenue that is recognized at a point in time for Atleos: In millions Three months ended June 30 Six months ended June 30 2024 2023 2024 2023 Recurring revenue (1) $ 793 $ 730 $ 1,556 $ 1,440 All other products and services 288 310 575 586 Total revenue $ 1,081 $ 1,040 $ 2,131 $ 2,026 (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 June 30 Six months ended June 30 2024 2023 2024 2023 United States (“U.S.”) $ 491 $ 464 $ 970 $ 931 Americas (excluding U.S.) 128 133 266 252 Europe, Middle East and Africa 335 318 638 599 Asia Pacific 127 125 257 244 Total revenue $ 1,081 $ 1,040 $ 2,131 $ 2,026

Debt Obligations (Tables)

Debt Obligations (Tables)	6 Months Ended
Debt Obligations (Tables)	Jun. 30, 2024
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 June 30, 2024 December 31, 2023 Amount Weighted Average Interest Rate Amount Weighted Average Interest Rate Short-Term Borrowings Current portion of Senior Secured Credit Facility (1) $ 81 9.00 % $ 73 8.93 % Other (1) 3 7.22 % 3 7.23 % Total short-term borrowings $ 84 $ 76 Long-Term Borrowings Senior Secured Credit Facility: Term loan facility (1) $ 1,467 9.41 % $ 1,512 9.44 % Revolving credit facility (1) 176 9.56 % 155 8.71 % Senior Secured Notes: 9.500% Senior Secured Notes due 2029 1,350 1,350 Discount and deferred financing fees (77) (85) Other (1) 5 7.17 % 6 7.18 % Total long-term debt $ 2,921 $ 2,938 (1) Interest rates are weighted average interest rates as of June 30, 2024 and December 31, 2023.

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	6 Months Ended
Stock Compensation Plans (Tables)	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Expense	Stock-based compensation expense for the following periods were: In millions Three months ended June 30 Six months ended June 30 2024 2023 2024 2023 Restricted stock units $ 9 $ 6 $ 19 $ 11 Tax expense (benefit) (1) (1) (2) (2) Stock-based compensation expense (net of tax) $ 8 $ 5 $ 17 $ 9
Schedule of Valuation Assumptions Used To Estimate Fair Value of Stock Options	The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on February 16, 2024: Dividend yield 3.46 % Risk-free interest rate 4.35 % Expected volatility 55.15 % Discount for lack of marketability 11.59 %

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
Employee Benefit Plans (Tables)	Jun. 30, 2024
Retirement Benefits [Abstract]
Schedule of Pension Plans	Components of net periodic benefit cost (income) of the pension plans, including amounts allocated prior to the Spin-off, for the three months ended June 30 were as follows: U.S. Pension Benefits International Pension Benefits Total Pension Benefits In millions 2024 2023 2024 2023 2024 2023 Net service cost $ — $ — $ 1 $ — $ 1 $ — Interest cost 16 — 5 5 21 5 Expected return on plan assets (19) — (8) (7) (27) (7) Net periodic benefit cost (income) $ (3) $ — $ (2) $ (2) $ (5) $ (2) Components of net periodic benefit cost (income) of the pension plans, including amounts allocated prior to the Spin-off, for the six months ended June 30 were as follows: U.S. Pension Benefits International Pension Benefits Total Pension Benefits In millions 2024 2023 2024 2023 2024 2023 Net service cost $ — $ — $ 1 $ — $ 1 $ — Interest cost 33 — 10 10 43 10 Expected return on plan assets (38) — (17) (15) (55) (15) Net periodic benefit cost (income) $ (5) $ — $ (6) $ (5) $ (11) $ (5)
Schedule of Net Benefit Costs	Components of net periodic benefit cost (income) of the postemployment plans, including amounts allocated prior to the Spin-off, for the three and six months ended June 30 were as follows: Three months ended June 30 Six months ended June 30 In millions 2024 2023 2024 2023 Net service cost $ 1 $ 1 $ 3 $ 3 Interest cost 2 — 2 — Net periodic benefit cost (income) $ 3 $ 1 $ 5 $ 3

Related Parties (Tables)

Related Parties (Tables)	6 Months Ended
Related Parties (Tables)	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	NCR allocations to the Company reflected in the Condensed Consolidated Statements of Operations are as follows: Three months ended June 30 Six months ended June 30 In millions 2023 2023 Cost of products $ 8 $ 15 Cost of services 23 45 Selling, general and administrative expense 40 84 Research and development expense 7 13 Total allocated costs $ 78 $ 157 Three months ended June 30 Six months ended June 30 In millions 2023 2023 General financing activities $ (101) $ (246) Allocation of centralized costs 78 157 Net transfers from (to) NCR Corporation - Condensed Consolidated Statements of Cash Flows (23) (89) Stock based compensation expense 19 33 Net transfers from (to) NCR Corporation—Condensed Consolidated Statements of Changes in Stockholders’ Equity $ (4) $ (56)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2024
Earnings Per Share [Abstract]
Summary of Basic and Diluted Earnings (Loss) per Share	The components of basic earnings per share are as follows: Three months ended June 30 Six months ended June 30 In millions, except per share amounts 2024 2023 2024 2023 Numerator: Net income attributable to Atleos common stockholders $ 29 $ 53 $ 21 $ 89 Denominator: Basic weighted average number of shares outstanding 72.2 70.6 71.9 70.6 Basic earnings per share: $ 0.40 $ 0.75 $ 0.29 $ 1.26 The components of diluted earnings per share are as follows: Three months ended June 30 Six months ended June 30 In millions, except per share amounts 2024 2023 2024 2023 Numerator: Net income attributable to Atleos common stockholders $ 29 $ 53 $ 21 $ 89 Denominator Basic weighted average number of shares outstanding 72.2 70.6 71.9 70.6 Dilutive effect of restricted stock units and stock options 1.5 — 1.6 — Weighted average diluted shares 73.7 70.6 73.5 70.6 Diluted earnings per share: $ 0.39 $ 0.75 $ 0.29 $ 1.26

Derivatives and Hedging Instr_2

Derivatives and Hedging Instruments (Tables)	6 Months Ended
Derivatives and Hedging Instruments (Tables)	Jun. 30, 2024
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 Consolidated Balance Sheets: Fair Values of Derivative Instruments June 30, 2024 December 31, 2023 In millions Balance Sheet Location Notional Fair Notional Fair Derivatives designated as hedging instruments Assets: Interest rate swap contracts Other current assets $ 11 $ 7 Total assets $ — $ 11 $ — $ 7 Liabilities: Interest rate swap contracts Other current liabilities $ (2) $ (2) Interest rate swap contracts Other liabilities (15) (27) Total liabilities $ 2,442 $ (17) $ 2,447 $ (29) Derivatives not designated as hedging instruments Foreign exchange contracts Other current assets $ 105 $ — $ 219 $ 1 Foreign exchange contracts Other current liabilities $ 254 $ — $ 107 $ —
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 Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income were as follows: Three months ended June 30 Six months ended June 30 In millions 2024 2023 2024 2023 Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) on Derivative Contracts $ 13 $ 49 $ 38 $ 38 Amount of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statements of Operations $ (22) $ (21) $ (43) $ (36) Amount of Gain (Loss) Recognized in the Condensed Consolidated Statements of Operations In millions Three months ended June 30 Six months ended June 30 Derivatives not Designated as Hedging Instruments Location of Gain (Loss) Recognized in the Condensed Consolidated Statements of Operations 2024 2023 2024 2023 Foreign exchange contracts Other (expense) income, net $ (3) $ — $ (5) $ —

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	6 Months Ended
Fair Value of Assets and Liabilities (Tables)	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis	Assets and liabilities recorded at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 are set forth as follows: June 30, 2024 In millions Total Level 1 Level 2 Level 3 Assets: Deposits held in money market mutual funds (1) $ 3 $ 3 $ — $ — Interest rate swap contracts (2) 11 — 11 — Total assets $ 14 $ 3 $ 11 $ — Liabilities: Interest rate swap contracts (3) $ 17 $ — $ 17 $ — Total liabilities $ 17 $ — $ 17 $ — December 31, 2023 In millions Total Level 1 Level 2 Level 3 Assets: Deposits held in money market mutual funds (1) $ 4 $ 4 $ — $ — Foreign exchange contracts (2) 1 — 1 — Interest rate swap contracts (2) 7 — 7 — Total assets $ 12 $ 4 $ 8 $ — Liabilities: Interest rate swap contracts (3) $ 29 $ — $ 29 $ — Total liabilities $ 29 $ — $ 29 $ — (1) Included in Cash and cash equivalents in the Condensed Consolidated Balance Sheets. (2) Included in Other current assets in the Condensed Consolidated Balance Sheets. (3)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
Accumulated Other Comprehensive Income (Tables)	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss) [Abstract]
Schedule of Changes in AOCI by Component	Changes in Accumulated Other Comprehensive Income (Loss) (“AOCI”) 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, 2023 $ 57 $ (5) $ 34 $ 86 Other comprehensive income (loss) before reclassifications (24) — 29 5 Amounts reclassified from AOCI — (32) (32) Net current period other comprehensive income (loss) (24) — (3) (27) Other 5 (5) — — Balance as of June 30, 2024 $ 38 $ (10) $ 31 $ 59 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 (loss) before reclassifications 24 — 30 54 Amounts reclassified from AOCI — — (28) (28) Net current period other comprehensive income (loss) 24 — 2 26 Balance as of June 30, 2023 $ (109) $ (18) $ 90 $ (37)
Reclassification Out of AOCI	Reclassifications Out of AOCI For the three months ended June 30, 2024 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 Consolidated Statement of Operations: Cost of services $ — $ — $ (22) $ (22) Total before tax $ — $ — $ (22) $ (22) Tax expense 5 Total reclassifications, net of tax $ (17) For the three months ended June 30, 2023 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Consolidated Statement of Operations: Cost of services $ — $ — $ (21) $ (21) Total before tax $ — $ — $ (21) $ (21) Tax expense 5 Total reclassifications, net of tax $ (16) For the six months ended June 30, 2024 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 Consolidated Statement of Operations: Cost of services $ — $ — $ (43) $ (43) Total before tax $ — $ — $ (43) $ (43) Tax expense 11 Total reclassifications, net of tax $ (32) For the six months ended June 30, 2023 Employee Benefit Plans In millions Amortization of Actuarial Loss (Gain) Amortization of Prior Service Benefit Effective Cash Flow Hedge Loss (Gain) Total Affected line in Condensed Consolidated Statement of Operations: Cost of services $ — $ — $ (36) $ (36) Total before tax $ — $ — $ (36) $ (36) Tax expense 8 Total reclassifications, net of tax $ (28)

Supplemental Financial Inform_2

Supplemental Financial Information (Tables)	6 Months Ended
Supplemental Financial Information (Tables)	Jun. 30, 2024
Supplemental Financial Information [Abstract]
Schedule of Interest and Other Income	The components of Other income (expense), net are summarized as follows: Three months ended June 30 Six months ended June 30 In millions 2024 2023 2024 2023 Other income (expense), net Interest income $ 2 $ — $ 4 $ — Foreign currency fluctuations and foreign exchange contracts (2) (1) (5) (4) Employee benefit plans 6 2 11 5 Bank-related fees (6) — (8) — Other, net 4 — 5 — Total other income (expense), net $ 4 $ 1 $ 7 $ 1
Schedule of Components of Accounts Receivable	The components of Accounts receivable, net are summarized as follows: In millions June 30, 2024 December 31, 2023 Accounts receivable Trade $ 599 $ 638 Other 126 87 Accounts receivable, gross 725 725 Less: allowance for credit losses (18) (14) Total accounts receivable, net $ 707 $ 711
Schedule of Components of Inventory	The components of Inventories are summarized as follows: In millions June 30, 2024 December 31, 2023 Work in process and raw materials $ 52 $ 55 Finished goods 83 72 Service parts 194 206 Total inventories $ 329 $ 333

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Aug. 09, 2024	Aug. 05, 2024	Mar. 19, 2024	Jun. 14, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognized that was included in contract liabilities					$ 216	$ 177
Consideration paid to Voyix in connection with the Separation							$ 2,996
Net transfers to (from) parent	$ 7		$ 4	$ 52
Stock compensation plans	(9)	$ (2)
Retained earnings	(167)				(167)		(153)
Paid-in capital	(23)				(23)		(12)
Remaining performance obligations	2,000				2,000
Allowance for credit loss	18				18		14
Net Investment from NCR Corporation
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Net transfers to (from) parent			$ 4	$ 52
Paid-in Capital
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Stock compensation plans	(9)	(2)
Adjustments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Retained earnings							28
Paid-in capital							$ 4
Adjustments \| Net Investment from NCR Corporation
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Net transfers to (from) parent		8
Adjustments \| Paid-in Capital
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Stock compensation plans		$ 4
Interest rate swap contracts
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Derivative, notional amount										$ 2,000	$ 2,400
Interest rate swap contracts \| Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Average variable interest rate										4.294%
Interest rate swap contracts \| Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Average variable interest rate										4.306%
Interest rate swap contracts \| Subsequent Event
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Derivative, notional amount								$ 500	$ 450
Interest rate swap contracts \| Subsequent Event \| Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Average variable interest rate								3.592%	3.442%
Interest rate swap contracts \| Subsequent Event \| Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Average variable interest rate								3.61%	3.479%
Other Accounts Receivable Not Transferred To Atleos
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Allowance for credit loss	$ 3				$ 3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction	12 months				12 months
Remaining performance obligation, percentage	75%				75%

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Revisions to the Consolidated Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Current assets
Accounts receivable, net	$ 707		$ 711
Other current assets	320		254
Total current assets	1,979		1,875
Property, plant and equipment, net	457		468
Prepaid pension cost	221		219
Other assets	157		169
Total assets	5,765		5,716
Current liabilities
Payroll and benefits liabilities	145		149
Other current liabilities	485		486
Total current liabilities	1,853		1,754
Total liabilities	5,514		5,461
Atleos stockholders’ equity
Paid-in Capital	23		12
Retained earnings	167		153
Total Atleos stockholders’ equity	250		252
Total Stockholders’ equity	251	$ 267	255	$ 3,321	$ 3,254	$ 3,262
Total liabilities and stockholders’ equity	$ 5,765		5,716
As Reported
Current assets
Accounts receivable, net			714
Other current assets			271
Total current assets			1,895
Property, plant and equipment, net			470
Prepaid pension cost			218
Other assets			173
Total assets			5,741
Current liabilities
Payroll and benefits liabilities			151
Other current liabilities			477
Total current liabilities			1,747
Total liabilities			5,454
Atleos stockholders’ equity
Paid-in Capital			16
Retained earnings			181
Total Atleos stockholders’ equity			284
Total Stockholders’ equity			287
Total liabilities and stockholders’ equity			5,741
Adjustments
Current assets
Accounts receivable, net			(3)
Other current assets			(17)
Total current assets			(20)
Property, plant and equipment, net			(2)
Prepaid pension cost			1
Other assets			(4)
Total assets			(25)
Current liabilities
Payroll and benefits liabilities			(2)
Other current liabilities			9
Total current liabilities			7
Total liabilities			7
Atleos stockholders’ equity
Paid-in Capital			(4)
Retained earnings			(28)
Total Atleos stockholders’ equity			(32)
Total Stockholders’ equity			(32)
Total liabilities and stockholders’ equity			$ (25)

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 374	$ 339	$ 337
Short term restricted cash	7		0
Long term restricted cash	7		2
Cash included in settlement processing assets	242		226
Total cash, cash equivalents, and restricted cash	$ 630	$ 586	$ 565	$ 499

Basis of Presentation and Sum_7

Basis of Presentation and Summary of Significant Accounting Policies - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Current portion of contract liabilities	$ 318	$ 325
Non-current portion of contract liabilities	$ 27	$ 29

Goodwill and Purchased Intang_3

Goodwill and Purchased Intangible Assets - Goodwill by Segments (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($) reporting_unit	Dec. 31, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 1,952
Additions	0
Other adjustments	(1)
Goodwill, ending balance	$ 1,951
Number of Reporting Units \| reporting_unit	3
Network
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 1,696
Additions	0
Other adjustments	(1)
Goodwill, ending balance	1,695
Self-Service Banking
Goodwill [Roll Forward]
Goodwill, beginning balance	256
Additions	0
Other adjustments	0
Goodwill, ending balance	256
Goodwill, accumulated impairment loss	$ 16	$ 16

Goodwill and Purchased Intang_4

Goodwill and Purchased Intangible Assets - Purchased Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 943	$ 937
Accumulated Amortization	(347)	(302)
Direct customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	393	392
Accumulated Amortization	$ (95)	(84)
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	$ 500	495
Accumulated Amortization	$ (214)	(185)
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	$ (38)	$ (33)
Tradenames \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	1 year
Tradenames \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	10 years

Goodwill and Purchased Intang_5

Goodwill and Purchased Intangible Assets - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisition-related amortization of intangibles	$ 23	$ 25	$ 48	$ 50
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2024	47		47
2025	93		93
2026	86		86
2027	77		77
2028	$ 74		$ 74

Segment Information and Conce_3

Segment Information and Concentrations - Revenue and Operating Income By Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Total revenue	$ 1,081	$ 1,040	$ 2,131	$ 2,026
Adjusted EBITDA by segment	267	270	497	494
Corporate income and expenses not allocated to segments	77	81	149	169
Other income and expenses not allocated to segments	(3)	(9)	(7)	(19)
Interest expense, net	79	5	158	9
Interest income	(2)	0	(4)	0
Income tax expense	4	23	8	48
Depreciation and amortization expense	43	35	87	70
Acquisition-related amortization of intangibles	23	25	48	50
Stock-based compensation expense	9	19	19	33
Separation costs	6	33	15	40
Acquisition-related costs	(4)	0	(4)	0
Transformation and restructuring	6	5	7	5
Net income attributable to Atleos	29	53	21	89
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	1,050	1,012	2,039	1,968
Adjusted EBITDA by segment	267	270	497	494
Other
Segment Reporting Information [Line Items]
Total revenue	31	28	92	58
Self-Service Banking \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	673	654	1,301	1,260
Adjusted EBITDA by segment	158	173	292	312
Network \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	326	309	636	609
Adjusted EBITDA by segment	101	91	187	166
T&T \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	51	49	102	99
Adjusted EBITDA by segment	$ 8	$ 6	$ 18	$ 16

Segment Information and Conce_4

Segment Information and Concentrations - Revenue by Products and Services (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from External Customer [Line Items]
Total revenue	$ 1,081	$ 1,040	$ 2,131	$ 2,026
Recurring revenue
Revenue from External Customer [Line Items]
Total revenue	793	730	1,556	1,440
All other products and services
Revenue from External Customer [Line Items]
Total revenue	$ 288	$ 310	$ 575	$ 586

Segment Information and Conce_5

Segment Information and Concentrations - Revenue by Geography (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 1,081	$ 1,040	$ 2,131	$ 2,026
United States (“U.S.”)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	491	464	970	931
Americas (excluding U.S.)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	128	133	266	252
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	335	318	638	599
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 127	$ 125	$ 257	$ 244

Debt Obligations - Summary of S

Debt Obligations - Summary of Short-term Borrowings and Long-Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument, Redemption [Line Items]
Total short-term borrowings	$ 84	$ 76
Nonrelated Party
Debt Instrument, Redemption [Line Items]
Total short-term borrowings	84	76
Unamortized Debt Issuance Expense	(77)	(85)
Total long-term debt	$ 2,921	$ 2,938
Senior Secured Credit Facility
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate	9%	8.93%
Senior Secured Credit Facility \| Nonrelated Party
Debt Instrument, Redemption [Line Items]
Current portion of Senior Secured Credit Facility	$ 81	$ 73
Other Short Term Borrowings
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate	7.22%	7.23%
Other Short Term Borrowings \| Nonrelated Party
Debt Instrument, Redemption [Line Items]
Other	$ 3	$ 3
Other Long Term Borrowings
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate	7.17%	7.18%
Other Long Term Borrowings \| Nonrelated Party
Debt Instrument, Redemption [Line Items]
Other	$ 5	$ 6
Line of Credit \| Term Loan B Facility
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate	9.41%	9.44%
Line of Credit \| Term Loan B Facility \| Nonrelated Party
Debt Instrument, Redemption [Line Items]
Long-term borrowings	$ 1,467	$ 1,512
Revolving credit facility
Debt Instrument, Redemption [Line Items]
Weighted Average Interest Rate	9.56%	8.71%
Revolving credit facility \| Nonrelated Party
Debt Instrument, Redemption [Line Items]
Long-term borrowings	$ 176	$ 155
Senior Notes \| Senior Secured Notes \| Nonrelated Party
Debt Instrument, Redemption [Line Items]
Long-term borrowings	$ 1,350	$ 1,350

Debt Obligations - Senior Secur

Debt Obligations - Senior Secured Credit Facility (Details) $ in Millions			1 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2024	Sep. 27, 2023	Dec. 31, 2022	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Line of Credit Facility [Line Items]
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
Line of Credit
Line of Credit Facility [Line Items]
Long-term line of credit				$ 8	$ 9
Debt term			4 years	2 years 4 months 24 days	2 years 9 months 18 days
Secured Debt \| Term Loan A Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Term loans				$ 835
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%
Secured Debt \| Term Loan B Facility \| Line of Credit
Line of Credit Facility [Line Items]
Term loans				750
Debt term		5 years 6 months
Secured Debt \| Term Loan B Facility \| Line of Credit \| Year One
Line of Credit Facility [Line Items]
Periodic payment, percentage of principal	0.35%
Secured Debt \| Term Loan B Facility \| Line of Credit \| Year Two
Line of Credit Facility [Line Items]
Periodic payment, percentage of principal	0.875%
Secured Debt \| Term Loan B 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 B Facility \| Line of Credit \| After Year Four
Line of Credit Facility [Line Items]
Periodic payment, percentage of principal	2.625%
Secured Debt \| Term Loan Facilities \| Line of Credit
Line of Credit Facility [Line Items]
Term loans				1,585
Long-term borrowings				1,548
Revolving credit facility \| Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity				500
Long-term line of credit				176
Remaining borrowing capacity				298
Letter of Credit \| Line of Credit
Line of Credit Facility [Line Items]
Long-term line of credit				$ 26

Debt Obligations - Senior Sec_2

Debt Obligations - Senior Secured Notes, Other Debt, and Fair Value of Debt (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2024	Dec. 31, 2023	Sep. 27, 2023
Debt Instrument [Line Items]
Debt value of long-term debt		$ 3,208	$ 3,172
Line of Credit
Debt Instrument [Line Items]
Debt term	4 years	2 years 4 months 24 days	2 years 9 months 18 days
Long-term line of credit		$ 8	$ 9
Interest rate during period		7.19%	7.20%
Senior Secured Notes \| Senior Notes
Debt Instrument [Line Items]
Weighted-average interest rate, borrowings		9.50%		9.50%
Banc of America Leasing & Capital, LLC \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 20

Trade Receivables Facility (Det

Trade Receivables Facility (Details) - USD ($) $ in Millions	Oct. 16, 2023	Jun. 30, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Trade receivables securitization facility, collateral at period end		$ 81	$ 90
Revolving credit facility \| Trade Receivables Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 166
Initial term	2 years
Trade receivables sold and derecognized		$ 166	$ 166

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Contingency [Line Items]
Income tax expense	$ 4	$ 23	$ 8	$ 48
Recognized benefit from provision to return adjustments	9		11
Income tax expense, valuation allowance		$ 2		$ 2
Minimum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	6		6
Maximum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	$ 8		$ 8

Stock Compensation Plans - Stoc

Stock Compensation Plans - Stock-based Compensation Expense (Details) - NCR Atleos Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units	$ 9	$ 6	$ 19	$ 11
Tax expense (benefit)	(1)	(1)	(2)	(2)
Stock-based compensation expense (net of tax)	$ 8	$ 5	$ 17	$ 9

Stock Compensation Plans - Narr

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended	6 Months Ended
	Feb. 16, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)			5
Discount stock purchase price percentage			15%
Look-back period			3 months
Minimum employee subscription rate			1%
Maximum employee subscription rate			10%
NCR Atleos Corporate and Shared Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 13		$ 22
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	$ 21.90
Requisite service period	3 years
Mandatory post-vesting holding period			1 year
Performance Shares \| Executive Officers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)			$ 19.36
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	$ 27.46
Requisite service period	3 years
Mandatory post-vesting holding period			1 year
Vesting period of awards granted	3 years
Unrecognized compensation cost related to unvested awards			$ 54
Weighted average period to recognized compensation cost related to unvested awards			2 years 2 months 12 days
Restricted Stock Units \| Executive Officers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)			$ 24.27
Restricted Stock Units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	0%
Restricted Stock Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	200%

Stock Compensation Plans - Valu

Stock Compensation Plans - Valuation Assumptions Used for Restricted Stock Units with a Market Condition (Details) - Restricted Stock Units	Feb. 16, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	3.46%
Risk-free interest rate	4.35%
Expected volatility	55.15%
Discount for lack of marketability	11.59%

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Pension Plans and Postemployment Plans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pension Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	$ 1	$ 0	$ 1	$ 0
Interest cost	21	5	43	10
Expected return on plan assets	(27)	(7)	(55)	(15)
Net periodic benefit cost (income)	(5)	(2)	(11)	(5)
Pension Plan \| United States (“U.S.”)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	0	0	0	0
Interest cost	16	0	33	0
Expected return on plan assets	(19)	0	(38)	0
Net periodic benefit cost (income)	(3)	0	(5)	0
Pension Plan \| Foreign Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	0	1	0
Interest cost	5	5	10	10
Expected return on plan assets	(8)	(7)	(17)	(15)
Net periodic benefit cost (income)	(2)	(2)	(6)	(5)
Postemployment Retirement Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	1	3	3
Interest cost	2	0	2	0
Net periodic benefit cost (income)	$ 3	$ 1	$ 5	$ 3

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
Employee Benefit Plans - Narrative (Details) $ in Millions	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Expected future benefit payment, remainder of fiscal year	$ 2	$ 2
Postemployment Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Plan assets contributions by employer	7	12
Expected future benefit payment, remainder of fiscal year	6	6
Total estimated contributions by employer during fiscal year	18	18
Foreign Plan \| Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets contributions by employer	0	1
Expected future benefit payment, remainder of fiscal year	2	2
Total estimated contributions by employer during fiscal year	$ 3	$ 3

Commitments and Contingencies -

Commitments and Contingencies - Loss Contingencies (Details) - USD ($) $ in Millions	Jul. 02, 2024	Jun. 30, 2024	Dec. 31, 2023	Oct. 02, 2023	Dec. 02, 2020
Loss Contingencies [Line Items]
Environmental liabilities assumed, threshold				$ 15
Percentage of divested or discontinued business assumed				50%
Subsequent Event
Loss Contingencies [Line Items]
Supersedeas bond	45 million
Shared Environmental Matters
Loss Contingencies [Line Items]
Loss contingency, range of possible loss		$ 2
Loss contingency accrual		0
Kalamazoo River
Loss Contingencies [Line Items]
Loss contingency accrual		145	$ 141
Loss contingency, percentage of past costs owed					40%
Kalamazoo River \| Minimum
Loss Contingencies [Line Items]
Loss contingency, estimated contributions from co-obligators and indemnitors		70
Kalamazoo River \| Maximum
Loss Contingencies [Line Items]
Loss contingency, estimated contributions from co-obligators and indemnitors		$ 155
NCR Voyix
Loss Contingencies [Line Items]
Percentage of environmental liabilities assumed				50%
Percentage of divested or discontinued business assumed				50%
Environmental liabilities assumed, threshold one				$ 15
NCR Atleos Corporation
Loss Contingencies [Line Items]
Percentage of environmental liabilities assumed				50%

Related Parties - Parent Alloca

Related Parties - Parent Allocation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Related Party Transaction [Line Items]
Selling, general and administrative expense	$ 132	$ 149	$ 264	$ 285
Research and development expense	14	19	31	37
Total operating expenses	974	961	1,952	1,881
Related Party
Related Party Transaction [Line Items]
Selling, general and administrative expense		40		84
Research and development expense		7		13
Total operating expenses		78		157
Product
Related Party Transaction [Line Items]
Cost of services	210	215	422	410
Product \| Related Party
Related Party Transaction [Line Items]
Cost of services		8		15
Cost of services
Related Party Transaction [Line Items]
Cost of services	$ 618	578	$ 1,235	1,149
Cost of services \| Related Party
Related Party Transaction [Line Items]
Cost of services		$ 23		$ 45

Related Parties - Narrative (De

Related Parties - Narrative (Details) $ in Millions		3 Months Ended	6 Months Ended
Related Parties - Narrative (Details) $ in Millions	Jun. 30, 2023	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)
Related Party Transaction [Line Items]
Weighted-average interest rate	3.70%
Related Party
Related Party Transaction [Line Items]
Investment income, interest		$ 3	$ 6
Weighted-average interest rate on long-term debt	4.30%	4.30%	4.30%
Interest expense, net		$ 8	$ 15

Related Parties - Net Transfers

Related Parties - Net Transfers From (To) Parent (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Related Party Transaction [Line Items]
Net transfers (to) from NCR Corporation				$ 0	$ (89)
Net transfers from (to) NCR Corporation—Condensed Consolidated Statements of Changes in Stockholders’ Equity	$ 7	$ 4	$ 52
General financing activities
Related Party Transaction [Line Items]
Net transfers (to) from NCR Corporation		(101)			(246)
Allocation of centralized costs
Related Party Transaction [Line Items]
Net transfers (to) from NCR Corporation		78			157
Related Party
Related Party Transaction [Line Items]
Net transfers (to) from NCR Corporation		(23)			(89)
Stock-based compensation expense		19			33
Net transfers from (to) NCR Corporation—Condensed Consolidated Statements of Changes in Stockholders’ Equity		$ (4)			$ (56)

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Oct. 16, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares distributed (in shares)				70,600,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Restricted Stock Units (RSUs) and Stock Options
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from diluted per share count (in shares)	2,800,000	2,900,000

EARNINGS PER SHARE - Summary of

EARNINGS PER SHARE - Summary of Basic and Diluted Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income attributable to Atleos common stockholders	$ 29	$ 53	$ 21	$ 89
Basic weighted average number of shares outstanding (in shares)	72.2	70.6	71.9	70.6
Basic (in dollars per share)	$ 0.40	$ 0.75	$ 0.29	$ 1.26

Earnings Per Share - Diluted Ea

Earnings Per Share - Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net income attributable to Atleos common stockholders	$ 29	$ 53	$ 21	$ 89
Denominator
Basic weighted average number of shares outstanding (in shares)	72.2	70.6	71.9	70.6
Dilutive effect of restricted stock units (in shares)	1.5	0	1.6	0
Weighted average diluted shares (in shares)	73.7	70.6	73.5	70.6
Earnings Per Share, Diluted [Abstract]
Diluted earnings per share (in dollars per share)	$ 0.39	$ 0.75	$ 0.29	$ 1.26

Derivatives and Hedging Instr_3

Derivatives and Hedging Instruments - Narrative (Details) $ in Millions	1 Months Ended	6 Months Ended
	Mar. 31, 2024 USD ($)	Jun. 30, 2024 USD ($) currency	Aug. 09, 2024 USD ($)	Aug. 05, 2024 USD ($)	Mar. 19, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 14, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Derivative [Line Items]
Number of functional currencies \| currency		40
Maximum period for cash flow activity		15 months
Total stockholders’ equity	$ 267	$ 251				$ 255	$ 3,321		$ 3,254	$ 3,262
Proceeds from termination of open interest rate swap contracts	$ 13
Net derivative-related gains reclassified into earnings		53
AOCI Attributable to interest rate derivatives
Derivative [Line Items]
Total stockholders’ equity		31				$ 34
Interest rate swap contracts
Derivative [Line Items]
Derivative, notional amount					$ 2,000			$ 2,400
Interest rate swap contracts \| Subsequent Event
Derivative [Line Items]
Derivative, notional amount			$ 500	$ 450
Interest rate swap contracts \| Minimum
Derivative [Line Items]
Fixed interest rate								4.24%
Average variable interest rate					4.294%
Interest rate swap contracts \| Minimum \| Subsequent Event
Derivative [Line Items]
Average variable interest rate			3.592%	3.442%
Interest rate swap contracts \| Maximum
Derivative [Line Items]
Fixed interest rate								5.274%
Average variable interest rate					4.306%
Interest rate swap contracts \| Maximum \| Subsequent Event
Derivative [Line Items]
Average variable interest rate			3.61%	3.479%
Foreign exchange contracts \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative [Line Items]
Total stockholders’ equity		$ 0

Derivatives and Hedging Instr_4

Derivatives and Hedging Instruments - Derivative Fair Values (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Designated as Hedging Instrument
Derivatives designated as hedging instruments
Derivative asset, notional amount	$ 0	$ 0
Derivative assets, fair value	11	7
Liabilities:
Derivative liability, notional amount	2,442	2,447
Derivative liabilities, fair value	$ (17)	$ (29)
Other current liabilities
Liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Other liabilities
Liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Interest rate swap contracts \| Designated as Hedging Instrument
Derivatives designated as hedging instruments
Derivative assets, fair value	$ 11	$ 7
Interest rate swap contracts \| Other current liabilities \| Designated as Hedging Instrument
Liabilities:
Derivative liabilities, fair value	(2)	(2)
Interest rate swap contracts \| Other liabilities \| Designated as Hedging Instrument
Liabilities:
Derivative liabilities, fair value	(15)	(27)
Foreign exchange contracts \| Not Designated as Hedging Instrument
Derivatives designated as hedging instruments
Derivative asset, notional amount	105	219
Liabilities:
Derivative liability, notional amount	254	107
Foreign exchange contracts	0	1
Foreign exchange contracts	$ 0	$ 0

Derivatives and Hedging Instr_5

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) on Derivative Contracts	$ 13	$ 49	$ 38	$ 38
Amount of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statements of Operations	$ (22)	$ (21)	$ (43)	$ (36)

Derivatives and Hedging Instr_6

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Foreign exchange contracts \| Other Income Expense
Derivative [Line Items]
Derivative instruments not designated as hedging instruments, gain (loss), net	$ (3)	$ 0	$ (5)	$ 0

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Details) - Fair Value, Recurring - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deposits held in money market mutual funds	$ 3	$ 4
Interest rate swap agreements	0	0
Foreign exchange contracts		0
Total assets	3	4
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]
Deposits held in money market mutual funds	0	0
Interest rate swap agreements	11	7
Foreign exchange contracts		1
Total assets	11	8
Interest rate swap agreements	17	29
Total liabilities	17	29
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deposits held in money market mutual funds	0	0
Interest rate swap agreements	0	0
Foreign exchange contracts		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]
Deposits held in money market mutual funds	3	4
Interest rate swap agreements	11	7
Foreign exchange contracts		1
Total assets	14	12
Interest rate swap agreements	17	29
Total liabilities	$ 17	$ 29

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Changes in AOCI by Component (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 255	$ 3,262
Balance at end of period	251	3,321
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	86	(63)
Other comprehensive income (loss) before reclassifications	5	54
Amounts reclassified from AOCI	(32)	(28)
Net current period other comprehensive income (loss)	(27)	26
Other	0
Balance at end of period	59	(37)
Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	57	(133)
Other comprehensive income (loss) before reclassifications	(24)	24
Amounts reclassified from AOCI		0
Net current period other comprehensive income (loss)	(24)	24
Other	5
Balance at end of period	38	(109)
Changes in Employee Benefit Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(5)	(18)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from AOCI	0	0
Net current period other comprehensive income (loss)	0	0
Other	(5)
Balance at end of period	(10)	(18)
Effective Cash Flow Hedge Loss (Gain)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	34	88
Other comprehensive income (loss) before reclassifications	29	30
Amounts reclassified from AOCI	(32)	(28)
Net current period other comprehensive income (loss)	(3)	2
Other	0
Balance at end of period	$ 31	$ 90

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	$ (4)	$ (23)	$ (8)	$ (48)
Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of services	(618)	(578)	(1,235)	(1,149)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before tax	(22)	(21)	(43)	(36)
Income tax expense	5	5	11	8
Total reclassifications, net of tax	(17)	(16)	(32)	(28)
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	(22)	(21)	(43)	(36)
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	(22)	(21)	(43)	(36)
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	$ (22)	$ (21)	$ (43)	$ (36)

Supplemental Financial Inform_3

Supplemental Financial Information - Components of Interest and Other Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Supplemental Financial Information [Abstract]
Interest income	$ 2	$ 0	$ 4	$ 0
Foreign currency fluctuations and foreign exchange contracts	(2)	(1)	(5)	(4)
Employee benefit plans	6	2	11	5
Bank-related fees	(6)	0	(8)	0
Other, net	4	0	5	0
Other income (expense), net	$ 4	$ 1	$ 7	$ 1

Supplemental Financial Inform_4

Supplemental Financial Information - Components of Accounts Receivable (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 725	$ 725
Less: allowance for credit losses	(18)	(14)
Total accounts receivable, net	707	711
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	599	638
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 126	$ 87

Supplemental Financial Inform_5

Supplemental Financial Information - Components of Inventory (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Supplemental Financial Information [Abstract]
Work in process and raw materials	$ 52	$ 55
Finished goods	83	72
Service parts	194	206
Total inventories	$ 329	$ 333