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DERIVATIVES AND HEDGING INSTRUMENTS - Narrative (Details)	12 Months Ended
	Dec. 31, 2025 USD ($) currency	Dec. 31, 2023 USD ($)	Dec. 31, 2024 USD ($)
Derivative [Line Items]
Number of functional currencies \| currency	25
Maximum period for cash flow hedging activity	15 months
Total stockholders' equity	$ 948,000,000		$ 931,000,000
Unrealized gain on derivatives		$ 18,000,000
AOCI Attributable to interest rate derivatives
Derivative [Line Items]
Total stockholders' equity	0		0
Foreign Exchange Contract \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative [Line Items]
Total stockholders' equity	$ 0		$ 0

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

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+ Details

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References + Details

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Line Items]
Valuation allowances		$ 57,000,000	$ 31,000,000
Spin-off of NCR Atleos		0	226,000,000
Nondeductible executive compensation		(1,000,000)	17,000,000
Undistributed foreign earnings	$ 27,000,000
U.S. federal and foreign tax attribute carryforwards	673,000,000
Taxes payable, current	13,000,000	336,000,000
Income taxes paid, net	316,000,000	54,000,000	92,000,000
Total amount of gross unrecognized tax benefits that would affect NCR's effective tax rate if realized	38,000,000
Recognized interest and penalties expense (benefit) associated with uncertain tax positions	(2,000,000)	0	4,000,000
Interest and penalties accrued associated with uncertain tax positions	16,000,000	16,000,000
Egyptian tax authority assessment	1,000,000	$ 4,000,000	$ 0
Egyptian Tax Authority
Income Tax Disclosure [Line Items]
Egyptian tax authority assessment result	1,000,000
Egyptian tax authority assessment	2,000,000
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Digital Banking Segment
Income Tax Disclosure [Line Items]
Income taxes paid, net	284,000,000
United States
Income Tax Disclosure [Line Items]
Expense (benefit) due to restructuring activities	(66,000,000)
Valuation allowances	(11,000,000)
Tax credit carryforward, amount	$ 33,000,000

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Current portion of contract liabilities	$ 202	$ 209
Non-current portion of contract liabilities	$ 12	$ 11

ACCUMULATED OTHER COMPREHENSIVE INCOME - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ 931
Other comprehensive income (loss)	14	$ (51)	$ 53
Balance at end of period	948	931
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(469)	(419)	(300)
Other comprehensive (loss) income before reclassifications	14	(49)	78
Amounts reclassified from AOCI	0	(1)	(25)
Other comprehensive income (loss)	14	(50)	53
Spin-Off of NCR Atleos	16	0	(172)
Balance at end of period	(439)	(469)	(419)
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(468)	(424)	(404)
Other comprehensive (loss) income before reclassifications	7	(44)	85
Amounts reclassified from AOCI	0	0	0
Other comprehensive income (loss)	7	(44)	85
Spin-Off of NCR Atleos	16	0	(105)
Balance at end of period	(445)	(468)	(424)
Changes in Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(1)	5	(5)
Other comprehensive (loss) income before reclassifications	7	(5)	(7)
Amounts reclassified from AOCI	0	(1)	(1)
Other comprehensive income (loss)	7	(6)	(8)
Spin-Off of NCR Atleos	0	0	18
Balance at end of period	6	(1)	5
Changes in Fair Value of Effective Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	0	0	109
Other comprehensive (loss) income before reclassifications	0	0	0
Amounts reclassified from AOCI	0	0	(24)
Other comprehensive income (loss)	0	0	(24)
Spin-Off of NCR Atleos	0	0	(85)
Balance at end of period	$ 0	$ 0	$ 0

LEASING - Schedule of Weighted Average Lease Term and Interest Rates (Details)	Dec. 31, 2025	Dec. 31, 2024
Weighted average lease term:
Operating leases	6 years 9 months 18 days	7 years 7 months 6 days
Finance leases	3 years 2 months 12 days	1 year 6 months
Weighted average interest rates:
Operating leases	6.18%	6.17%
Finance leases	5.84%	3.91%

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

1. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

Description of Business NCR Voyix Corporation (“NCR Voyix”, “NCR”, the “Company”, “we” or “us”) is a global provider of unified commerce technology, primarily focused on delivering software solutions and service offerings to retail and restaurant businesses of all sizes. Subsequent to the Digital Banking Sale and the spin-off of NCR Atleos, as described below, the Company manages and reports in two segments: Retail and Restaurants.

Spin-off of NCR Atleos On October 16, 2023, we completed the spin-off of our ATM-focused business, including our self-service banking, payments & network, and telecommunications and technology businesses, into an independent publicly traded company, NCR Atleos Corporation and its consolidated subsidiaries (collectively hereinafter “NCR Atleos”). The spin-off of NCR Atleos (the “Spin-Off”) was effectuated through a pro rata distribution of all outstanding shares of NCR Atleos common stock to holders of our common stock as of the close of business on October 2, 2023 (the “record date”). We distributed one share of NCR Atleos common stock for every two common shares of our outstanding common stock as of the record date. Shareholders received cash in lieu of fractional shares of Atleos common stock. The Spin-Off is expected to qualify as a tax-free distribution for U.S. federal income tax purposes. The Company retains no ownership interest in NCR Atleos. The accounting requirements for reporting the Spin-Off of NCR Atleos as a discontinued operation were met when the separation was completed. Accordingly, the financial results for NCR Atleos for the years ended December 31, 2025, 2024 and 2023 are presented as net income (loss) from discontinued operations, net of tax on the Consolidated Statements of Operations and its assets and liabilities as of December 31, 2024 are reclassified as discontinued operations in the Consolidated Balance Sheets. Refer to Note 2, “Discontinued Operations” for additional information.

In connection with the Spin-Off, we entered into various agreements with NCR Atleos to effectuate the Spin-Off, and to provide a framework for the relationship between the Company and NCR Atleos after the Spin-Off. Such agreements include the separation and distribution agreement, as well as the following ongoing agreements: a tax matters agreement, employee matters agreement, patent and technology cross-license agreement, trademark license and use agreement, master services agreement and various other transaction agreements. While many of the performance obligations of the Company and NCR Atleos have been satisfied or have otherwise expired, we continue to provide certain limited services to NCR Atleos and receive certain limited services from NCR Atleos pursuant to the terms of the master services agreement.

Sale of Digital Banking On September 30, 2024, the Company completed the sale of its Digital Banking segment businesses (the “Digital Banking Sale”) to an affiliate of The Veritas Capital Fund VIII, L.P. (the “Buyer”). The purchase price for the transaction was $2.45 billion in cash, subject to a post-closing adjustment, as well as contingent consideration of up to an additional $100 million in cash upon the achievement of a specified return on the Buyer’s invested capital at the time of any future sale. The Company records contingent consideration at fair value based on the consideration expected to be transferred, which was estimated to be zero as of December 31, 2025. The accounting requirements for reporting the Digital Banking Sale as a discontinued operation were met when the definitive agreement was signed. Accordingly, the financial results for Digital Banking for the years ended December 31, 2024 and 2023 are presented as net income (loss) from discontinued operations, net of tax on the Consolidated Statements of Operations. Refer to Note 2, “Discontinued Operations” for additional information. In connection with the Digital Banking Sale, the Company and the Buyer entered into certain agreements, including a transition services agreement, providing for the performance of certain services by the Company for the benefit of the Buyer for a period of time after the Digital Banking Sale.

Transition of Hardware Business to ODM Model In August 2024, the Company announced its entry into a commercial agreement with Ennoconn Corporation (“Ennoconn”) to transition its self-checkout and point-of-sale hardware businesses to an outsourced design and manufacturing (“ODM”) model, including the sale of certain assets relating to these businesses (the “Hardware Business Transition”). Under the terms of the agreement, Ennoconn will design, manufacture, warrant, supply, and ship self-checkout and point-of sale hardware directly to the Company’s customers, and we will sell hardware to our customers as a sales agent for Ennoconn and continue to provide our point-of sale and self-checkout software as well as key support and maintenance services. As a result of the anticipated Hardware Business Transition, we expect to record commission revenue from point-of-sale and self-checkout hardware sales as an agent for Ennoconn on a net basis, excluding the costs paid to Ennoconn. In January 2026, we announced the commencement of the implementation phase of the Hardware Business Transition.

Use of Estimates The preparation of financial statements in accordance with generally accepted accounting principles in the United States (“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.

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 macroeconomic pressures and geopolitical challenges. The ultimate impact on our overall financial condition and operating results will depend on supply chain challenges and cost escalations including materials, interest, 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 the effects 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.

Evaluation of Subsequent Events The Company evaluated subsequent events through the date that our Consolidated Financial Statements were issued. Other than the items discussed within the Notes to Consolidated Financial Statements, no matters were identified that required adjustment of the Consolidated Financial Statements or additional disclosure.

Basis of Consolidation The consolidated financial statements include the accounts of NCR Voyix and its majority-owned subsidiaries. Long-term investments in affiliated companies in which NCR Voyix owns between 20% and 50%, and therefore, exercises significant influence, but which it does not control, are accounted for using the equity method. Investments in which NCR Voyix does not exercise significant influence (generally, when the Company has an investment of less than 20% and no significant influence, such as representation on the investee’s board of directors) are accounted for using the cost method. All inter-company transactions and accounts have been eliminated. In addition, the Company is required to determine whether it is the primary beneficiary of economic income or losses that may be generated by variable interest entities in which the Company has such an interest. In circumstances where the Company determined it is the primary beneficiary, consolidation of that entity would be required. For the periods presented, no variable interest entities have been consolidated.

Reclassifications Certain prior-period amounts have been reclassified in the accompanying Consolidated Financial Statements and Notes thereto in order to conform to the current period presentation.

Revision During the third quarter of 2025, the Company identified errors in previously issued financial statements related to the historical pre-Spin-Off operations of NCR Atleos that impact their revenue and certain expense items which were reported as Income (loss) from discontinued operations. The Company evaluated the impact of these errors and concluded that they were immaterial to all previously issued financial statements, individually and in the aggregate. However, the Company is revising the previously issued financial statements to correct these errors, as well as certain previously identified out-of-period adjustments related to the Spin-Off, into the appropriate period (fiscal 2023). The correction of these items resulted in a decrease to previously reported net income (loss) from discontinued operations, net of tax, of $5 million and $6 million for the years ended December 31, 2023 and 2022, respectively. The correction also resulted in a $0.04 and $0.04 per share decrease to previously reported basic and diluted earnings per share from discontinued operations for 2023 and 2022, respectively, with the same impact to total net income per share. The net impact of this revision decreases the opening balance of retained earnings (deficit) by $8 million at December 31, 2022 as compared to what was previously reported. The net impact of this revision increases retained earnings (deficit) by $12 million and increases accumulated other comprehensive income (loss) by $10 million at December 31, 2023 as compared to what was previously reported. The impact of the revision did not affect the Company’s reported balances of continuing operations or cash flows for any reporting period.

Out-of-period adjustments In the first quarter of 2023, the Company recorded a $10 million out-of-period adjustment to increase operating expenses and increase an employee-related liability in order to correct for an understatement of such same balances during the fourth quarter of 2022.

In the second quarter of 2024, the Company recorded an out-of-period adjustment to decrease revenue by $10 million, decrease accounts receivable by $5 million, and increase contract liabilities by $5 million. The amount related to periods prior to 2024 was $4 million of revenue.

During the third quarter of 2024, the Company recorded an out-of-period adjustment related to foreign currency to increase other expense, net, by approximately $8 million, increase other current liabilities by approximately $4 million and increase

accumulated other comprehensive income (loss) by approximately $4 million. The amount related to 2023 was $2 million of other expense, net.

The Company evaluated the impact of the out-of-period adjustments and concluded they are not material to the consolidated financial statements for any of the periods presented.

ACH disbursements In February 2024, the Company identified fraudulent automated clearing house (“ACH”) disbursements from a Company bank account. The cumulative amount of these disbursements total $34 million. As of December 31, 2025, the Company has recovered approximately $16 million of fraudulent disbursements from the Company’s banks and continues to pursue insurance recoveries in connection with this matter. The amount of these disbursements through December 31, 2023 was $5 million. Through September 30, 2023, the Company had incorrectly recorded approximately $11 million in an accounts receivable clearing account instead of as operating expenses, of which approximately $2 million related to annual periods prior to 2023. As a result, in the fourth quarter of 2023, the Company recorded a $2 million out-of-period adjustment to increase operating expenses and decrease accounts receivable in order to correct for the errors.

The Company evaluated the impact of the errors and out-of-period adjustments and concluded they are not material to any previously issued consolidated financial statements and the correction of the errors is not material to the consolidated financial statements for the year ended December 31, 2023.

Cyber ransomware incident On April 13, 2023, the Company determined that a single data center outage impacting certain of its commerce customers was caused by a cyber ransomware incident. Upon such determination, the Company immediately started contacting customers, enacted its cybersecurity protocol and engaged outside experts to contain the incident and begin the recovery process. We concluded that this incident impacted operations for some customers only with respect to specific Aloha cloud-based services and Counterpoint. Our investigation also concluded no financial reporting systems were impacted. As of December 31, 2025, the Company has incurred a cumulative $47 million of expenses related to the cyber ransomware incident and has recovered $37 million of these costs under our insurance policies. We are still pursuing insurance recoveries in connection with this matter. We may incur additional costs relating to this incident in the future, including expenses to respond to this matter, payment of damages or other costs to customers or others. At this time we do not believe additional costs incurred as a result of the incident will ultimately have a material adverse effect on our business, results of operations or financial condition; however, we remain subject to risks and uncertainties as a result of the incident.

Revenue Recognition The Company derives its revenues from both products and services:

•Product revenue comprises sales of hardware and on-premise software licenses.

•Service revenue comprises sales of software-as-a-service (“SaaS”) solutions, software maintenance, professional services, installation services, payment processing and hardware maintenance.

Revenue is recognized, net of sales tax, when the Company transfers control of promised products and services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products and services. Accordingly, the Company follows the five-step revenue recognition model in accordance with ASC 606 Revenue from Contracts with Customers:

•identification of the contract, or contracts, with a customer;

•identification of the performance obligations in the contract;

•determination of the transaction price;

•allocation of the transaction price to the performance obligations in the contract; and

•recognition of revenue when or as the Company satisfies the performance obligations.

Product revenue

For hardware products, control is generally transferred when the customer has the ability to direct the use of and obtain substantially all of the remaining benefits of the products, which generally coincides with when the customer has assumed title and risk of loss of the products sold. Title and risk of loss typically transfer to the customer upon shipment or delivery to the customer, depending on the terms of the contract. The Company’s customers may request that delivery and passage of title and risk of loss occur on a bill and hold basis. For the periods ending December 31, 2025, 2024, and 2023, the revenue recognized from bill and hold transactions approximated less than 2% of total revenue.

The Company accounts for shipping and handling activities related to hardware deliveries as costs to fulfill the promise to transfer the associated products, rather than as a separate performance obligation. Accordingly, amounts billed for shipping and handling costs are recorded as a component of net product sales and associated costs are classified as a component of cost of products.

Software licenses may be sold as perpetual licenses or term-based licenses as part of subscription offerings. Perpetual software license revenue is recognized at a point in time when control transfers to the customer. Control is typically transferred when the customer takes possession of, or has access to, the software. Term-based license revenue is recognized at a point in time upon the commencement of the committed term of the subscription, concurrent with the possession of the license. The committed term of the contract can vary due to customer termination rights, when offered.

Service revenue

SaaS revenue primarily consists of subscription fees for providing customers access to the Company’s platform and cloud-based applications. SaaS revenue is recognized either as variable consideration directly allocated to periods based on customer usage or on a ratable basis over the contract beginning on the date that the service is made available to the customer.

The Company also sells subscriptions that include a combination of cloud-based services and on-premise term-based software licenses for a specified contract term. Significant judgment is required to determine if the products and services represent distinct promises to the customer or if they should be combined into one performance obligation. When they are combined into one performance obligation, revenue is recognized ratably over the contract term for which the service is provided.

Payment processing revenue primarily includes processing solutions for credit cards and debit cards. Under these contracts, the Company provides its customers continuous access to processing services, standing ready to process as many transactions as required over the contract term. As such, revenue is recognized daily as the services are performed. The Company follows the requirements of ASC 606-10, Principal Agent Considerations in determining whether the Company is acting as principal or as agent. Based on this analysis, revenue for these processing services is recorded net of interchange fees and assessments charged by card issuers and payment networks, as these are pass-through charges collected on their behalf.

All other services revenue consists of software maintenance, professional services, installation services and hardware maintenance. When the Company stands ready to perform these services, control is transferred and revenue is recognized ratably over the contractual period, or if applicable, after customer acceptance. Otherwise, the Company applies the ‘right to invoice’ practical expedient, for performance obligations satisfied and recognized as the services are provided and the Company invoices correspond directly with the value of the Company’s performance to date.

The Company periodically offers extended warranties, in addition to standard product warranties, in the form of product maintenance services and recognizes revenue over the service term.

Other revenue considerations

The Company enters into contracts that include multiple distinct performance obligations consisting of both products and services. For these arrangements, the Company allocates the transaction price, at contract inception, to each distinct performance obligation on a relative standalone selling price basis. The primary method used to determine standalone selling price is the price that the Company charges for that good or service when the Company sells it separately in similar circumstances to similar customers.

The nature of these arrangements can give rise to several types of variable consideration, including service level agreement credits, stock rotation rights, trade-in credits and volume-based rebates. At contract inception, the Company estimates variable consideration and includes it in the transaction price when there is a basis to reasonably estimate the amount of the fee and it is probable there will not be a significant reversal. These estimates are reassessed at each reporting date. Otherwise, variable consideration is constrained and revenue is recognized as control is transferred and it is probable that a significant revenue reversal will not occur.

Standard payment terms with customers are established based on industry and regional practices and are generally 30 days. When the period between the Company’s transfer of a product or service and when the customer payment does not exceed 12 months, we do not adjust for the effects of a significant financing component.

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 December 31, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $1.3 billion. The Company expects to recognize revenue on approximately three-quarters of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. The majority of our professional services are expected to be recognized over the next 12 months but this is contingent upon a number of factors, including customers’ needs and schedules.

The Company has made three elections which 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.

Warranty and Sales Returns Provisions for product warranties and sales returns and allowances are recorded in the period in which the Company becomes obligated to honor the related right, which generally is the period in which the related product revenue is recognized. The Company accrues warranty reserves based upon historical factors such as labor rates, average repair time, travel time, number of service calls per machine and cost of replacement parts. When a sale is consummated, a warranty reserve is recorded based upon the estimated cost to provide the service over the warranty period. The Company accrues sales returns and allowances using percentages of revenue to reflect the Company’s historical average of sales return claims.

Research and Development Costs Research and development costs primarily include payroll and benefit-related costs, contractor fees, facilities costs, infrastructure costs, and administrative expenses directly related to research and development support and are expensed as incurred, except certain software development costs are capitalized after technological feasibility of the software is established.

Advertising Advertising costs are recognized in selling, general and administrative expenses when incurred.

Stock-based Compensation Stock-based compensation represents the costs related to share-based awards granted to employees and non-employee directors. The Company’s outstanding stock-based compensation awards are classified as equity. The Company measures stock-based compensation cost at the grant date, based on the estimated fair value of the award and recognizes the cost over the requisite service period. Forfeitures are recognized as they occur. See Note 9, “Stock Compensation Plans”, for further information on the Company’s stock-based compensation plans.

Income Taxes Income tax expense is provided based on income before income taxes. Deferred income taxes reflect the impact of temporary differences between assets and liabilities recognized for financial reporting purposes and such amounts recognized for tax purposes. These deferred taxes are determined based on the enacted tax rates expected to apply in the periods in which the deferred assets or liabilities are expected to be settled or realized. The Company records valuation allowances related to its deferred income tax assets when it is more likely than not that some portion or all of the deferred income tax assets will not be realized.

The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being sustained upon examination by authorities. Interest and penalties related to uncertain tax positions are recognized as part of the provision for income taxes and are accrued beginning in the period that such interest and penalties would be applicable under relevant tax law and until such time that the related tax benefits are recognized.

Cash, Cash Equivalents, and Restricted Cash All short-term, highly liquid investments having original maturities of three months or less, including time deposits, are considered to be cash equivalents. As of December 31, 2025, 2024 and 2023, the Company has restricted cash on deposit with a bank as collateral for letters of credit as well as cash included in settlement processing assets.

The reconciliation of cash, cash equivalents and restricted cash in the Consolidated Statements of Cash Flows is as follows:


In millions	Balance Sheet Location	December 31, 2025		December 31, 2024		December 31, 2023
Cash and cash equivalents	Cash and cash equivalents	$	231	$	722	$	256
Short term restricted cash	Restricted cash	3		—		2
Long term restricted cash	Other assets	4		3		—

Cash included in settlement processing assets	Restricted cash	5		31		21
Total cash, cash equivalents and restricted cash		$	243	$	756	$	279
Cash, cash equivalents and restricted cash of discontinued operations		—		2		6
Total cash, cash equivalents and restricted cash		$	243	$	758	$	285

Supplemental cash flow information Interest paid in cash was $57 million, $145 million, and $365 million for fiscal years 2025, 2024 and 2023, respectively. Income taxes paid in cash were $316 million, $54 million and $92 million for fiscal years 2025, 2024 and 2023, respectively. Income taxes paid during 2025 includes the payment of $284 million of taxes related to the Digital Banking Sale, included within the change in other assets and liabilities within the Consolidated Statements of Cash Flows during the year ended December 31, 2025.

Accounts Receivable, net Accounts receivable, net includes amounts billed and currently due from customers as well as amounts unbilled that typically result from sales under contracts where revenue recognized exceeds the amount billed to the customer and where the Company has an unconditional right to consideration. The amounts due are stated at their net estimated realizable value.

The components of accounts receivable are summarized as follows:


In millions	December 31, 2025		December 31, 2024
Accounts receivable
Trade	$	447	$	499
Other	44		59
Accounts receivable, gross	491		558
Less: allowance for credit losses	(21)		(26)
Total accounts receivable, net	$	470	$	532

Allowance for Credit Losses on Accounts Receivable Allowances for credit losses on accounts receivable are recognized when reasonable and supportable forecasts affect the expected collectability. This requires us to make our best estimate of the current expected losses inherent in our accounts receivable at each balance sheet date. These estimates require consideration of historical loss experience, adjusted for current conditions, forward looking indicators, trends in customer payment frequency and judgments about the probable effects of relevant observable data, including present and future economic conditions and the financial health of specific customers and market sectors. This policy is applied consistently among all of our operating segments. We continue to evaluate our reserves in light of the age and quality of our outstanding accounts receivable and risks to specific industries or countries and adjust the reserves accordingly.

Our allowance for credit losses as of December 31, 2025 and December 31, 2024 was $21 million and $26 million, respectively. For the year ending December 31, 2025, our allowance for credit losses charged to expense was $10 million. The Company recorded $15 million of write-offs against the reserve for the year ended December 31, 2025. For the year ending December 31, 2024, our allowance for credit losses charged to expense was $15 million and the Company recorded $18 million of write-offs against the reserve.

Inventories Inventories are stated at the lower of cost or net realizable value, using the average cost method. Cost includes materials, labor and manufacturing overhead related to the purchase and production of inventories. Service parts are included in inventories and include reworkable and non-reworkable service parts. The Company regularly reviews inventory quantities on hand, future purchase commitments with suppliers and the estimated utility of inventory. If the review indicates a reduction in utility below carrying value, inventory is reduced to a new cost basis. Excess and obsolete write-offs are established based on forecasted usage, orders, technological obsolescence and inventory aging.

Contract Assets and Liabilities Contract assets include unbilled amounts where the right to payment is not solely subject to the passage of time. Amounts may not exceed their net realizable value. Contract liabilities consist of advance payments, billings in excess of revenue recognized and deferred revenue.

Our contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. If the net position is a contract asset, the current portion is included in Prepaid and other current assets and the non-current portion is included in Other assets in the Consolidated Balance Sheet. If the net position is a contract liability, the current portion is included in Contract liabilities and the non-current portion is included in Other liabilities in the Consolidated Balance Sheet. As of December 31, 2025 and 2024, no contracts were in a net asset position.

The following table presents the net contract asset and contract liability balances:


In millions	Location in the Consolidated Balance Sheet	December 31, 2025		December 31, 2024

Current portion of contract liabilities	Contract liabilities	$	202	$	209
Non-current portion of contract liabilities	Other liabilities	$	12	$	11

During the twelve months ended December 31, 2025, the Company recognized $175 million in revenue that was included in contract liabilities as of December 31, 2024.

Deferred Commissions Our incremental costs of obtaining a contract, which consist of certain sales commissions, primarily for our SaaS revenue, are deferred and amortized on a straight-line basis over the period of expected benefit. We determined the period of expected benefit by taking into consideration customer contracts, the estimated life of the customer relationship, including renewals when the renewal commission is not commensurate with the initial commission, the expected life of the underlying technology and other factors. We classify deferred commissions as current or non-current based on the timing of when we expect to recognize the expense. The current and non-current portions of deferred commissions are included in Prepaid and other current assets and Other assets, respectively, in the Consolidated Balance Sheets. Amortization of deferred commissions is included in Selling, general and administrative expenses in the Consolidated Statements of Operations.

Settlement Processing Assets and Obligations Funds settlement refers to the process of transferring funds for sales and credits between card issuers and merchants. Depending on the type of transaction, either the credit card interchange system or the debit network is used to transfer the information and funds in either direction between the sponsoring bank and card issuing bank to complete the link between merchants and card issuers. In certain of our processing arrangements, merchant funding occurs after the sponsoring bank or the Company receives the funds from the card issuer through the card networks, creating a settlement obligation to the merchant on the Company’s Consolidated Balance Sheet. In a limited number of other arrangements, the sponsoring bank funds the merchants before it receives the net settlement funds from the card networks, creating a settlement asset on the Company’s Consolidated Balance Sheet. Additionally, relative to credit card transactions, the Company’s sponsoring bank collects the gross revenue from the merchants, pays the interchange fees and assessments to the credit card associations, collects its fees for processing and pays the Company a net residual payment representing the Company’s fees for the services. In these instances, the Company does not reflect the related settlement processing assets and obligations in its Consolidated Balance Sheet.

Settlement processing assets consist of settlement assets due from customers and receivables from merchants corresponding to the discount fee related to reimbursement of the interchange expense, our receivables from the processing bank or Electronic Funds Transfer (“EFT”) network for transactions that have occurred and have been funded to merchants in advance of receipt of card association funding, restricted cash balances that are not yet due to merchants, merchant reserves held, sponsoring bank reserves and exception items, such as customer chargeback amounts receivable from merchants. Settlement processing obligations consist primarily of merchant reserves, our liability to the processing bank or merchant for transactions for which we have received funding from the members or networks but have not funded merchants as well as certain exception items. Settlement processing assets other than restricted cash are recorded within Prepaid and other current assets and settlement processing liabilities are recorded within Settlement liabilities in the Consolidated Balance Sheet. Cash related to settlement processing is recorded within Restricted cash in the Consolidated Balance Sheet. As of December 31, 2025 and 2024, settlement processing assets were $9 million and $50 million, respectively, and settlement processing liabilities were $10 million and $47 million, respectively. Settlement receivables are generally collected within three to four business days. Settlement obligations are generally paid within three business days, regardless of when the related settlement receivables are collected.

Capitalized Software Certain direct development costs associated with internal-use software are capitalized within Other assets and amortized over the estimated useful lives of the resulting software. The Company typically amortizes capitalized internal-use software on a straight-line basis over four to seven years beginning when the asset is substantially ready for use, as this is considered to approximate the usage pattern of the software. When it becomes probable that internal-use software being developed will not be completed or placed into service, the internal-use software is reported at the lower of the carrying amount or fair value.

Costs incurred for the development of software that will be sold, leased or otherwise marketed are capitalized when technological feasibility has been established. These costs are included within Other assets and are amortized on a sum-of-the-years’ digits or straight-line basis over the estimated useful lives ranging from three to five years, using the method that most closely approximates the sales pattern of the software. Amortization begins when the product is available for general release. Costs capitalized include direct labor and related overhead costs. Costs incurred prior to technological feasibility or after general release are expensed as incurred. The Company performs periodic reviews to ensure that unamortized program costs remain recoverable from future revenue. If future revenue does not support the unamortized program costs, the amount by which the unamortized capitalized cost of a software product exceeds the net realizable value is written off.

The following table identifies the activity relating to total capitalized software:


In millions	2025		2024		2023
Beginning balance as of January 1	$	302	$	317	$	323
Capitalization	144		130		140
Amortization	(135)		(139)		(136)
Impairment	(2)		(6)		(1)
Capitalized software acquired or disposed of and other adjustments	(7)		—		(9)
Ending balance as of December 31	$	302	$	302	$	317

During the year ended December 31, 2023, other adjustments includes the write-off of certain capitalized software related to the divested business.

Goodwill and Other Intangible Assets Goodwill represents the excess of purchase price over the fair value of the net tangible and identifiable intangible assets of businesses acquired. Goodwill is tested at the reporting unit level for impairment on an annual basis during the fourth quarter or more frequently if certain events occur indicating that the carrying value of goodwill may be impaired. A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may include a decline in expected cash flows, a significant adverse change in legal factors or in the business climate, a decision to sell a business, unanticipated competition, or slower growth rates, among others. Consistent with the examples of such events and circumstances given in the accounting guidance, we believe that a goodwill impairment test should be performed immediately before and after a reorganization of our reporting structure when the reorganization would affect the composition of one or more of our reporting units. In this circumstance, performing the impairment test immediately before and after the reorganization would help to confirm that the reorganization is not potentially masking a goodwill impairment charge.

In the evaluation of goodwill for impairment, we have the option to perform a qualitative assessment to determine whether further impairment testing is necessary or to perform a quantitative assessment by comparing the fair value of a reporting unit to its carrying amount, including goodwill. Under the qualitative assessment, an entity is not required to calculate the fair value of a reporting unit unless the entity determines that it is more likely than not that its fair value is less than its carrying amount. If, under the quantitative assessment, the fair value of a reporting unit is less than its carrying amount, then the amount of the impairment loss, if any, is determined based on the amount by which the carrying amount exceeds the fair value up to the total value of goodwill assigned to the reporting unit. Fair values of the reporting units are estimated using a weighted methodology considering the output from both the income and market approaches. The income approach incorporates the use of discounted cash flow (“DCF”) analysis. A number of significant assumptions and estimates are involved in the application of the DCF model to forecast operating cash flows, including revenue growth rates, EBITDA margins and discount rates. Several of these assumptions vary among reporting units. The cash flow forecasts are generally based on approved strategic operating plans. The market approach is performed using the Guideline Public Companies (“GPC”) method which is based on earnings multiple data. We perform a reconciliation between our market capitalization and our estimate of the aggregate fair value of the reporting units, including consideration of a control premium. Refer to Note 4, “Goodwill and Purchased Intangible Assets”, for further discussion.

Acquired intangible assets other than goodwill are amortized over their weighted average amortization period unless they are determined to be indefinite. Acquired intangible assets are carried at cost, less accumulated amortization. For intangible assets purchased in a business combination, the estimated fair values of the assets received are used to establish the carrying value. The fair value of acquired intangible assets is determined using common techniques, and the Company employs assumptions developed using the perspective of a market participant. The Company makes judgments about the recoverability of intangible assets whenever events or changes in circumstances indicate that impairment may exist. If such facts and circumstances exist, the Company assesses the recoverability by comparing the projected undiscounted net cash flows associated with the related asset or group of assets over their remaining lives against their respective carrying amounts. Impairments, if any, are based on the excess of the carrying amount over the fair value of those assets. If the useful life is shorter than originally estimated, the Company would accelerate the rate of amortization and amortize the remaining carrying value over the new shorter useful life. For further discussion of identified intangible assets, see Note 4, “Goodwill and Purchased Intangible Assets”.

Property, Plant and Equipment Property, plant and equipment and leasehold improvements are stated at cost less accumulated depreciation. Depreciation is computed over the estimated useful lives of the related assets primarily on a straight-line basis. Machinery and other equipment are depreciated over 3 to 20 years and buildings over 25 to 45 years. Leasehold improvements are depreciated over the life of the lease or the asset, whichever is shorter. Assets classified as held for sale are not depreciated. Upon retirement or disposition of property, plant and equipment, the related cost and accumulated depreciation or amortization are removed from the Company’s accounts, and a gain or loss is recorded. Depreciation expense related to property, plant and equipment was $58 million for the year ending December 31, 2025, and $55 million for the years ending December 31, 2024 and 2023.

Valuation of Long-Lived Assets Long-lived assets such as property, plant and equipment and finite-lived intangible assets are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable or in the period in which the held for sale criteria are met. For assets held and used, this analysis consists of comparing the asset’s carrying value to the expected future cash flows to be generated from the asset on an undiscounted basis. If the carrying amount of the asset is determined not to be recoverable, a write-down to fair value is recorded. Fair values are determined based on quoted market values, discounted cash flows, or external appraisals, as applicable. Long-lived assets are reviewed for impairment at the individual asset or the asset group level for which the lowest level of independent cash flows can be identified. Refer to Note 4, “Goodwill and Purchased Intangible Assets”, for further discussion.

Leasing The Company determines whether an arrangement is a lease at the inception of the arrangement based on the terms and conditions in the contract. A contract contains a lease if there is an identified asset and the Company has the right to control the asset.

Lessee We lease property, vehicles and equipment under operating and financing leases. For leases with terms greater than 12 months, we record the related asset and obligation at the present value of lease payments over the term. We determine the lease term by assuming the exercise of renewal options that are reasonably certain. Leases with a lease term of 12 months or less at inception are not recorded on our Consolidated Balance Sheet and are expensed on a straight-line basis over the lease term in our Consolidated Statement of Operations. Our leases may include rental escalation clauses, renewal options and/or termination options that are factored into our determination of lease payments when appropriate. When available, we use the rate implicit in the lease to discount lease payments to present value; however, most of our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our incremental borrowing rate to discount the lease payments based on information available at lease commencement. Our incremental borrowing rate is based on a credit-adjusted risk-free rate at commencement date, which best approximates a secured rate over a similar term of lease. Additionally, we do not separate lease and non-lease components for any asset classes, except for those leases embedded in certain service arrangements. Fixed and in-substance fixed payments are included in the recognition of the operating and financing assets and lease liabilities, however, variable lease payments, other than those based on a rate or index, are recognized in the Consolidated Statements of Operations in the period in which the obligation for those payments is incurred. The Company’s variable lease payments generally relate to payments tied to various indices, non-lease components and payments above a contractual minimum fixed payment.

Lessor We have various arrangements for certain point-of-sale equipment under which we are the lessor. These leases meet the criteria for operating lease classification. Lease income associated with these leases is not material.

Pension and Postemployment Benefits The Company has significant pension and postemployment benefit costs, which are developed from actuarial valuations. Actuarial assumptions are established to anticipate future events and are used in calculating the expense and liabilities relating to these plans. These factors include assumptions the Company makes about interest rates, expected investment return on plan assets, rate of increase in healthcare costs, involuntary turnover rates, and

rates of future compensation increases. In addition, the Company also uses subjective factors, such as withdrawal rates and mortality rates to develop the Company’s valuations. The Company generally reviews and updates these assumptions on an annual basis. The Company is required to consider current market conditions, including changes in interest rates, in making these assumptions. The actuarial assumptions that the Company uses may differ materially from actual results due to changing market and economic conditions, higher or lower withdrawal rates, or longer or shorter life spans of participants. These differences may result in a significant impact to the amount of pension or postemployment benefits expense, and the related assets and liabilities, the Company has recorded or may record.

Environmental and Legal 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, intellectual property, data privacy and security, product liability, commercial disputes and regulatory compliance, among others. Additionally, the Company is subject to diverse and complex regulations and such regulations are subject to change. The Company believes that the amounts provided in its Consolidated Financial Statements are adequate. However, there can be no assurances that the actual amounts required to satisfy alleged liabilities from various lawsuits, claims, legal proceedings and other matters, including the Fox River and Kalamazoo River environmental matters discussed in Note 11, “Commitments and Contingencies”, and to comply with applicable laws and regulations, will not exceed the amounts reflected in the Company’s Consolidated Financial Statements or will not have a material adverse effect on the Company’s consolidated results of operations, financial condition or cash flows. Any costs that may be incurred in excess of those amounts provided as of December 31, 2025 cannot currently be reasonably determined or are not currently considered probable. The costs and insurance recoveries relating to certain environmental obligations associated with discontinued operations, including those relating to the Fox River and Kalamazoo River matters, are presented in Income (loss) from discontinued operations, net of tax, in the Consolidated Statements of Operations.

Legal fees and expenses related to loss contingencies are typically expensed as incurred, except for certain costs associated with the Company’s environmental remediation obligations. Costs and fees associated with litigating the extent and type of required remedial actions, and the allocation of remediation costs among potentially responsible parties, are typically included in the measurement of the environmental remediation liabilities.

Foreign Currency For many of the Company’s international operations, the local currency is designated as the functional currency. Accordingly, assets and liabilities are translated into U.S. Dollars at year-end exchange rates, and revenue and expenses are translated at average exchange rates prevailing during the year. Currency translation adjustments from local functional currency countries resulting from fluctuations in exchange rates are recorded in Other comprehensive income. Remeasurement adjustments are recorded in Other income (expense), net.

Repurchase of Common Stock The Company applies the par value method of accounting for repurchases of common stock. In March 2017, the Board approved a share repurchase program, with no expiration from the date of authorization, that provided for the repurchase of up to $300 million of the Company’s common stock (the “Repurchase Program”). In July 2018, the Board authorized an incremental $200 million of share repurchases under the Repurchase Program. On May 6, 2025, the Board amended and restated the Repurchase Program to (1) add an incremental $172 million of repurchase authority under the program, taking the total aggregate authority for future repurchases under the program to $200 million, and (2) to expand the repurchase authority to apply to repurchases of the Company’s Series A Convertible Preferred Stock, in addition to common stock. On February 12, 2026, the Board amended the Repurchase Program to add an incremental $178 million of repurchase authority under the program, taking the total aggregate repurchase authority under the program to $300 million. The Company repurchased $74 million and $56 million of common stock during the years ended December 31, 2025 and 2024, respectively, under the Repurchase Program.

Derivative Instruments In the normal course of business, the Company enters into various financial instruments, including derivative financial instruments. The Company accounts for derivatives as either assets or liabilities in the Consolidated Balance Sheets at fair value and recognizes the resulting gains or losses as adjustments to earnings or other comprehensive income. For derivative instruments that are designated and qualify as hedging instruments, the Company formally documents the relationship between hedging instruments and hedged items, as well as the risk management objective and strategy for undertaking various hedge transactions. Hedging activities are transacted only with highly rated institutions, reducing exposure to credit risk in the event of nonperformance. Additionally, the Company completes assessments related to the risk of counterparty nonperformance on a regular basis.

The accounting for changes in fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship, and further, on the type of hedging relationship. For those derivative instruments that are

designated and qualify as hedging instruments, the Company has designated the hedging instrument, based on the exposure being hedged, as a fair value hedge, a cash flow hedge or a hedge of a net investment in a foreign operation. For derivative instruments designated as fair value hedges, the effective portion of the hedge is recorded as an offset to the change in the fair value of the hedged item, and the ineffective portion of the hedge, if any, is recorded in the Consolidated Statement of Operations. For derivative instruments designated as cash flow hedges and determined to be highly effective, the gains or losses are deferred in Accumulated other comprehensive loss and recognized in the determination of income as adjustments of carrying amounts when the underlying hedged transaction is realized, canceled or otherwise terminated. When hedging certain foreign currency transactions of a long-term investment nature (net investments in foreign operations), gains and losses are recorded in the currency translation adjustment component of Accumulated other comprehensive loss. Gains and losses on foreign exchange contracts that are not used to hedge currency transactions of a long-term investment nature, or that are not designated as cash flow or fair value hedges, are recognized in Other income (expense), net as exchange rates change.

Fair Value of Assets and Liabilities Fair value is defined as an exit price, representing an amount that would be received to sell an asset or the amount paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the accounting guidance prioritizes the inputs used to measure fair value into the following three-tier fair value hierarchy:

•Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities

•Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs, other than quoted prices in active markets, that are observable either directly or indirectly

•Level 3: Unobservable inputs for which there is little or no market data

Assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurements. The Company reviews the fair value hierarchy classification on a quarterly basis. Changes to the observability of valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy.

The Company measures its financial assets and financial liabilities at fair value based on one or more of the following three valuation techniques:

•Market approach: Prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.

•Cost approach: Amount that would be required to replace the service capacity of an asset (replacement cost).

•Income approach: Techniques to convert future amounts to a single present amount based upon market expectations (including present value techniques, option pricing and excess earnings models).

We regularly review our investments to determine whether a decline in fair value, if any, below the cost basis is other than temporary. If the decline in the fair value is determined to be other than temporary, the cost basis of the security is written down to fair value and the amount of the write-down is included in the Consolidated Statement of Operations. For qualifying investments in debt or equity securities, a temporary impairment charge would be recognized in Other comprehensive income (loss).

Recent Accounting Pronouncements

Adoption of New Accounting Pronouncements

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This guidance requires disclosure of specific categories in the rate reconciliation and provides additional information for reconciling items that meet a specified quantitative threshold. The guidance is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company has adopted ASU 2023-09 on a prospective basis and conformed to the applicable disclosure for the Annual Report on Form 10-K for the year ending December 31, 2025. Refer to Note 8, “Income Taxes” for additional details.

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 consolidated financial statements.

Accounting Pronouncements Issued But Not Yet Adopted

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow Scope Improvements. The update improves the guidance in Topic 270, Interim Reporting, by improving the navigability of the required interim disclosures and clarifying when that guidance is applicable. The amendments in ASU 2025-11 are effective for interim reporting periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments can be applied either prospectively or retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements and related disclosures.

In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Topic 350): Targeted Improvements to the Accounting for Internal-Use Software. This update revises the recognition guidance for internal-use software by eliminating the previous model based on software development stages and introducing a principles-based approach. Under the new guidance, capitalization begins when the Company has authorized and committed to funding the project, and it is probable that the software will be completed and used for its intended purpose. The ASU is effective for interim periods and fiscal years beginning after December 15, 2027. The amendment may be applied on a prospective, retrospective or modified retrospective basis. The Company is currently evaluating the provisions of the amendments and the impact on its future consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Topic 220): Disaggregation of Income Statement Expenses and ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Topic 220): Clarifying the Effective Date. This guidance requires additional disclosure of certain amounts included in the expense captions presented on the Statement of Operations as well as disclosures about selling expenses. The ASU is effective on a prospective basis, with the option for retrospective application, for annual periods beginning after December 15, 2026 and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted for annual financial statements that have not yet been issued. The Company is in the process of assessing the impact the adoption of this guidance will have on the Company’s financial statement disclosures.

Although there are other 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 consolidated financial statements.

Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Total Stockholders Equity	Common Stock	Paid-in Capital	Retained Earnings (Deficit)	Accumulated Other Comprehensive (Loss) Income	Noncontrolling Interests in Subsidiaries
Balance at beginning of period (in shares) at Dec. 31, 2022			138.0
Balance at beginning of period at Dec. 31, 2022		$ 1,471	$ 1	$ 704	$ 1,067	$ (300)	$ (1)
Comprehensive income (loss):
Net income (loss)	$ (428)	(428)			(428)
Other comprehensive income (loss)	53	53				53
Total comprehensive income (loss)	(375)	(375)			(428)	53
Employee stock purchase and stock compensation plans (in shares)			5.0
Employee stock purchase and stock compensation plans		170		170
Series A convertible preferred stock dividends		(16)			(16)
Spin-Off of NCR Atleos		(1,203)			(1,032)	(172)	1
Balance at end of period (in shares) at Dec. 31, 2023			143.0
Balance at end of period at Dec. 31, 2023		47	$ 1	874	(409)	(419)	0
Comprehensive income (loss):
Net income (loss)	957	957			958		(1)
Other comprehensive income (loss)	(51)	(51)				(50)	(1)
Total comprehensive income (loss)	$ 906	906			958	(50)	(2)
Employee stock purchase and stock compensation plans (in shares)			3.0
Employee stock purchase and stock compensation plans		48		48
Series A convertible preferred stock dividends		(15)			(15)
Spin-Off of NCR Atleos		1			1	0
Repurchase of Company common stock (in shares)			(4.0)
Repurchase of Company common stock		(56)		(56)
Balance at end of period (in shares) at Dec. 31, 2024	142.1		142.0
Balance at end of period at Dec. 31, 2024	$ 931	931	$ 1	866	535	(469)	(2)
Comprehensive income (loss):
Net income (loss)	62	62			62
Other comprehensive income (loss)	14	14				14
Total comprehensive income (loss)	$ 76	76			62	14
Employee stock purchase and stock compensation plans (in shares)			2.0
Employee stock purchase and stock compensation plans		35		35
Deemed dividend from redemption of Series A preferred stock		(5)			(5)
Series A convertible preferred stock dividends		(15)			(15)
Spin-Off of NCR Atleos		0			(18)	16	2
Repurchase of Company common stock (in shares)			(6.0)
Repurchase of Company common stock		(74)		(74)
Balance at end of period (in shares) at Dec. 31, 2025	138.3		138.0
Balance at end of period at Dec. 31, 2025	$ 948	$ 948	$ 1	$ 827	$ 559	$ (439)	$ 0

EMPLOYEE BENEFIT PLANS - Schedule of Change in Benefit Obligation and Plan Assets, Funded Status, Amounts Recognized in Balance Sheet, and ABO in Excess of Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Postemployment Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation as of January 1	$ 55	$ 65
Net service cost	36	36	$ 15
Interest cost	1	2	2
Actuarial (gain) loss	(8)	7
Benefits paid	(33)	(55)
Benefit obligation as of December 31	51	55	65
Total Pension Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation as of January 1	162	192
Net service cost	1	1	2
Interest cost	5	5	6
Actuarial (gain) loss	(6)	(10)
Benefits paid	(14)	(11)
Currency translation adjustments	18	(12)
Benefit obligation as of December 31	164	162	$ 192
Accumulated benefit obligation as of December 31	163	161
International Pension Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Settlements	$ (2)	$ (3)

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
SEC Schedule, 12-09, Allowance, Credit Loss
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 26	$ 29	$ 18
Charged to Costs & Expenses	10	15	26
Charged to Other Accounts	0	0	0
Deductions	15	18	15
Balance at End of Period	21	26	29
Deferred Tax Asset Valuation Allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	153	211	274
Charged to Costs & Expenses	21	29	25
Charged to Other Accounts	8	0	5
Deductions	1	87	93
Balance at End of Period	$ 181	$ 153	$ 211

DEBT OBLIGATIONS - Schedule of Short-term Borrowings and Long-term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Aug. 20, 2020
Debt Instrument [Line Items]
Short-term borrowings	$ 0	$ 0
Long-term debt	1,100	1,098
Deferred financing fees	(5)	(7)
Term Loan Facility
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 0
Weighted-Average Interest Rate	0.00%	0.00%
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 0
Weighted-Average Interest Rate	0.00%	0.00%
5.000% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt	$ 650	$ 650	$ 650
Interest rate, stated percentage (as percent)	5.00%	5.00%	5.00%
5.125% Senior Notes due 2029
Debt Instrument [Line Items]
Long-term debt	$ 403	$ 403
Interest rate, stated percentage (as percent)	5.125%	5.125%
5.250% Senior Notes due 2030
Debt Instrument [Line Items]
Long-term debt	$ 52	$ 52	$ 450
Interest rate, stated percentage (as percent)	5.25%	5.25%	5.25%
Term Loan Facility
Debt Instrument [Line Items]
Current portion of Senior Secured Credit Facility	$ 0	$ 0
Weighted-Average Interest Rate	0.00%	0.00%

INCOME TAXES - Schedule of Income Tax Paid (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Federal	$ 258
State	31
Foreign	27
Total income taxes paid	$ 316	$ 54	$ 92

EMPLOYEE BENEFIT PLANS - Schedule of Assumptions, Market-Related Value, and Unrecognized Loss (Details)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Postemployment Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.20%	3.90%
Discount rate for severance plan	3.90%	4.10%	5.10%
Rate of compensation increase	4.00%	3.50%
Rate of compensation increase	3.50%	3.40%	3.10%
Involuntary turnover rate	3.80%	3.80%
Involuntary turnover rate	3.80%	3.80%	3.80%
Total Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.80%	3.20%
Rate of compensation increase	2.90%	2.50%
Discount rate - Service Cost	2.50%	2.00%	1.80%
Discount rate - Interest Cost	3.00%	3.00%	3.40%
Expected return on plan assets	5.00%	5.00%	5.00%
Rate of compensation increase	2.50%	2.50%	1.00%

STOCK COMPENSATION PLANS - Allocated Compensation, Assumptions and Shares Available (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Restricted stock units	$ 31	$ 36	$ 131
Stock options	0	0	3
Employee stock purchase plan	3	4	6
Stock-based compensation expense	34	40	140
Tax expense (benefit)	(1)	(4)	(7)
Total stock-based compensation (net of tax)	$ 33	$ 36	$ 133

DERIVATIVES AND HEDGING INSTRUMENTS - Schedule of Derivative Fair Values (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 0	$ 0
Derivative liabilities, fair value	0	0
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	91	89
Derivative assets, fair value	0	0
Derivative liability, notional amount	135	126
Derivative liabilities, fair value	0	0
Derivatives not designated as hedging instruments \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	0	0
Derivative liabilities, fair value	$ 0	$ 0

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

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+ Details

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Capitalized Software and Property, Plant and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Capitalized Software [Roll Forward]
Beginning balance as of January 1	$ 302	$ 317	$ 323
Capitalization	144	130	140
Amortization	(135)	(139)	(136)
Impairment	(2)	(6)	(1)
Capitalized software acquired or disposed of and other adjustments	(7)	0	(9)
Ending balance as of December 31	$ 302	$ 302	$ 317

DEBT OBLIGATIONS

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

DEBT OBLIGATIONS

6. DEBT OBLIGATIONS

The following table summarizes the Company’s short-term borrowings and long-term debt:


		December 31, 2025			December 31, 2024
In millions, except percentages		Amount		Weighted-Average Interest Rate	Amount		Weighted-Average Interest Rate
Short-Term Borrowings
Current portion of Senior Secured Credit Facility(1)		$	—	—%	$	—	—%


	Total short-term borrowings	$	—		$	—
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facilities(1)	$	—	—%	$	—	—%
	Revolving credit facility(1)	—		—%	—		—%
Senior Notes:




	5.000% Senior Notes due 2028	650			650
	5.125% Senior Notes due 2029	403			403

	5.250% Senior Notes due 2030	52			52
Deferred financing fees		(5)			(7)

	Total long-term debt	$	1,100		$	1,098

(1)Interest rates are weighted average interest rates as of December 31, 2025 and 2024.

Senior Secured Credit Facilities On October 16, 2023, the Company entered into a senior secured credit agreement, with certain subsidiaries of the Company party thereto as foreign borrowers, the lenders party thereto and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”). This credit agreement provides for senior secured credit

facilities in an aggregate principal amount of $700 million, comprised of (i) a five-year multicurrency revolving credit facility in the aggregate principal amount of $500 million (including (a) a letter of credit sub-facility in an aggregate principal amount of up to $75 million and (b) a sub-facility in an aggregate principal amount of up to $200 million for borrowings and letters of credit in certain agreed foreign currencies) (the “Revolving Credit Facility,” and the loans thereunder, the “Revolving Loans”) and (ii) a five-year term loan “A” facility in the aggregate principal amount of $200 million (the “Term Loan A Facility,” and the loans thereunder, the “Term A Loans” and, the Term Loan A Facility, together with the Revolving Credit Facility, the “Senior Secured Credit Facilities”).

On September 30, 2024, using a portion of the proceeds from the Digital Banking Sale, the Company repaid all loans outstanding under the Senior Secured Credit Facilities (but did not reduce the principal amount of the commitments under the Revolving Loans).

The Revolving Loans bear interest based on SOFR (or an alternative reference rate for amounts denominated in a currency other than Dollars), or, at the Company’s option, in the case of amounts denominated in Dollars, at a base reference rate equal to the highest of (a) the federal funds rate plus 0.50%, (b) the rate of interest last quoted by the Administrative Agent as its “prime rate” and (c) the one-month SOFR rate plus 1.00% (the “Base Rate”), plus, as applicable, a margin ranging from 2.25% to 3.25% per annum for SOFR-based Revolving Loans and ranging from 1.25% to 2.25% per annum for Base Rate-based Revolving Loans, in each case, depending on the Company’s consolidated leverage ratio. The Revolving Credit Facility is not subject to amortization and will mature on the fifth anniversary of the Closing Date.

The obligations under the Revolving Credit Facility are guaranteed by certain of the Company’s material subsidiaries (the “Guarantors”). The obligations under the Revolving Credit Facility and the above described guarantee are secured by a first priority lien and security interest in certain equity interests owned by the Company and the Guarantors in certain of their respective domestic and foreign subsidiaries, and a first priority lien and security interest in substantially all of the assets of the Company and the Guarantors, subject to certain exclusions.

The Revolving Credit Facility contains customary representations and warranties, affirmative covenants, and negative covenants. The negative covenants limit the Company’s 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 Revolving Credit Facility also contains a financial covenant that does not permit the Company to allow its consolidated leverage ratio to exceed (i) 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 (ii) in the case of any fiscal quarter ending on or following September 30, 2025, 4.25 to 1.00, in each case subject, to (x) increases of 0.25 in connection with the consummation of any material acquisition and applicable to the fiscal quarter in which such acquisition is consummated and the three consecutive fiscal quarters thereafter, and (y) a maximum cap of 5.00 to 1.00.

The Revolving Credit Facility also includes provisions for events of default which are customary for similar financings. Upon the occurrence of an event of default, the lenders may, among other things, terminate the loan commitments, accelerate all loans and require cash collateral deposits in respect of outstanding letters of credit. If the Company is unable to pay or repay the amounts due, the lenders could, among other things, proceed against the collateral granted to them to secure such indebtedness.

Senior Unsecured Notes On August 20, 2020, the Company issued $650 million aggregate principal amount of 5.000% senior unsecured notes due in 2028 (the “5.000% Notes”) and $450 million aggregate principal amount of 5.250% senior unsecured notes due in 2030 (the “5.250% Notes”). Interest is payable on the 5.000% and 5.250% Notes semi-annually in arrears on April 1 and October 1. The 5.000% and 5.250% Notes were sold at 100% of the principal amount and mature on October 1, 2028 and October 1, 2030, respectively.

Prior to October 1, 2025, with respect to the 5.250% Notes, the Company could have redeemed some or all of such series of Notes by paying a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus the Applicable Premium, as defined in the indenture governing the applicable series of notes, plus accrued and unpaid interest to, but excluding, the redemption date (subject to the right of holders of record of the Notes on the relevant record date to receive interest due on the relevant interest payment date).

The Company has the option to redeem the 5.000% Notes, in whole or in part, at any time, at a redemption price of 101.250%, and 100% during the 12-month period commencing on October 1, 2025 and thereafter, plus accrued and unpaid interest to the redemption date.

The Company has the option to redeem the 5.250% Notes, in whole or in part, at any time on or after October 1, 2025, at a redemption price of 102.625%, 101.750%, 100.875%, and 100% during the 12-month periods commencing on October 1, 2025, 2026, 2027 and 2028 and thereafter, respectively, plus accrued and unpaid interest to the redemption date.

On April 6, 2021, the Company issued $1.2 billion aggregate principal amount of 5.125% senior unsecured notes due 2029 (the “5.125% Notes”). Interest is payable on the 5.125% Notes semi-annually in arrears on April 15 and October 15 of each year. The 5.125% Notes will mature on April 15, 2029.

The Company has the option to redeem the 5.125% Notes, at whole or in part, on or after April 15, 2024, at a redemption price of 102.563%, 101.281% and 100% during the 12-month periods commencing on or after April 15, 2024, 2025 and 2026 and thereafter, respectively, plus accrued and unpaid interest to the redemption date.

On September 30, 2024, a portion of the proceeds from the Digital Banking Sale were used to settle the Company’s previously announced tender offers to purchase up to $1.2 billion aggregate purchase price, excluding accrued and unpaid interest, of the Company’s senior unsecured notes, subject to prioritized acceptance levels and proration. Pursuant to the terms of the tender offers and the final settlement, the Company purchased approximately $398 million aggregate principal amount of the 5.250% Notes and $797 million aggregate principal amount of the 5.125% Notes. The Company recognized a gain on extinguishment of debt of $8 million related to the redemption discount of $18 million on the settlement of the 5.250% Notes and 5.125% Notes offset by the write-off of the related deferred financing fees of $10 million.

The senior unsecured notes are the Company’s senior unsecured obligations and are jointly and severally unconditionally guaranteed on a senior unsecured basis by the Company’s domestic material subsidiaries, subject to certain limitations, that guarantee the Company’s Senior Secured Credit Facilities pursuant to supplemental indentures governing each applicable series of senior unsecured notes. The indentures governing the senior unsecured notes contain 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 indentures governing the senior unsecured notes 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. If the senior unsecured notes are assigned an “investment grade” rating by Moody’s or S&P and no default has occurred or is continuing, certain covenants will be terminated.

Debt Maturities Maturities of debt outstanding, in principal amounts, at December 31, 2025 are summarized below:


			For the years ended December 31
In millions	Total		2026		2027		2028		2029		2030		Thereafter
Debt maturities	$	1,105	$	—	$	—	$	650	$	403	$	52	$	—

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 December 31, 2025 and 2024 was $1.09 billion and $1.06 billion, respectively. Management’s fair value estimates were based on quoted prices for recent trades of the Company’s long-term debt, quoted prices for similar instruments, and inquiries with certain investment communities.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

SUPPLEMENTAL FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2025

Supplemental Financial Information [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

17. SUPPLEMENTAL FINANCIAL INFORMATION

The components of Other income (expense), net are summarized as follows for the years ended December 31:


In millions	2025		2024		2023
Other income (expense), net
Interest income	$	8	$	9	$	12
Foreign currency fluctuations and foreign exchange contracts	(3)		(27)		(27)
Bank-related fees	(4)		(24)		(28)
Employee benefit plans(1)	8		9		(8)



Other, net	(6)		—		(24)
Total other income (expense), net	$	3	$	(33)	$	(75)

(1) For the year ended December 31, 2025, the actuarial gain related to the remeasurement of our pension plan assets and liabilities was $13 million. For the year ended December 31, 2024, the actuarial gain related to the remeasurement of our pension plan assets and liabilities was $12 million. For the year ended December 31, 2023, the actuarial loss related to the remeasurement of our pension plan assets and liabilities was $7 million.

The components of inventory are summarized as follows:


In millions	December 31, 2025		December 31, 2024
Inventories
Work in process and raw materials	$	4	$	6
Finished goods	83		83
Service parts	130		119
Total inventories	$	217	$	208

The components of property, plant and equipment, net are summarized as follows:


In millions	December 31, 2025		December 31, 2024
Property, plant and equipment
Land and improvements	$	1	$	2
Buildings and improvements	204		227
Machinery and other equipment	502		493
Finance lease assets	100		81
Property, plant and equipment, gross	807		803
Less: accumulated depreciation	(633)		(611)
Total property, plant and equipment, net	$	174	$	192

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Use of Estimates

Evaluation of Subsequent Events

Basis of Consolidation

Reclassifications

Reclassifications Certain prior-period amounts have been reclassified in the accompanying Consolidated Financial Statements and Notes thereto in order to conform to the current period presentation.

Revenue Recognition

Revenue Recognition The Company derives its revenues from both products and services:

•Product revenue comprises sales of hardware and on-premise software licenses.

•Service revenue comprises sales of software-as-a-service (“SaaS”) solutions, software maintenance, professional services, installation services, payment processing and hardware maintenance.

•identification of the contract, or contracts, with a customer;

•identification of the performance obligations in the contract;

•determination of the transaction price;

•allocation of the transaction price to the performance obligations in the contract; and

•recognition of revenue when or as the Company satisfies the performance obligations.

Product revenue

Service revenue

The Company periodically offers extended warranties, in addition to standard product warranties, in the form of product maintenance services and recognizes revenue over the service term.

Other revenue considerations

Warranty and Sales Returns

Research and Development Costs

Advertising

Advertising Advertising costs are recognized in selling, general and administrative expenses when incurred.

Stock-based Compensation

Income Taxes

Cash, Cash Equivalents, and Restricted Cash

Accounts Receivable, net and Allowance for Credit Losses on Accounts Receivable

The components of accounts receivable are summarized as follows:


In millions	December 31, 2025		December 31, 2024
Accounts receivable
Trade	$	447	$	499
Other	44		59
Accounts receivable, gross	491		558
Less: allowance for credit losses	(21)		(26)
Total accounts receivable, net	$	470	$	532

Inventories

Deferred Commissions

Settlement Processing Assets and Obligations

Capitalized Software

Software to be Sold, Leased, or Otherwise Marketed

Goodwill and Other Intangible Assets

Property, Plant and Equipment

Valuation of Long-Lived Assets

Lessee

Lessor

Pension and Postemployment Benefits

Environmental and Legal Contingencies

Foreign Currency

Repurchase of Common Stock

Repurchase of Common Stock The Company applies the par value method of accounting for repurchases of common stock.

Derivative Instruments

Fair Value of Assets and Liabilities

•Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities

•Level 3: Unobservable inputs for which there is little or no market data

The Company measures its financial assets and financial liabilities at fair value based on one or more of the following three valuation techniques:

•Market approach: Prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.

•Cost approach: Amount that would be required to replace the service capacity of an asset (replacement cost).

•Income approach: Techniques to convert future amounts to a single present amount based upon market expectations (including present value techniques, option pricing and excess earnings models).

Recent Accounting Pronouncements

Adoption of New Accounting Pronouncements

Accounting Pronouncements Issued But Not Yet Adopted

SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2025

Supplemental Financial Information [Abstract]

Schedule of Interest and Other Income

The components of Other income (expense), net are summarized as follows for the years ended December 31:


In millions	2025		2024		2023
Other income (expense), net
Interest income	$	8	$	9	$	12
Foreign currency fluctuations and foreign exchange contracts	(3)		(27)		(27)
Bank-related fees	(4)		(24)		(28)
Employee benefit plans(1)	8		9		(8)



Other, net	(6)		—		(24)
Total other income (expense), net	$	3	$	(33)	$	(75)

Schedule of Inventory, Current

The components of inventory are summarized as follows:


In millions	December 31, 2025		December 31, 2024
Inventories
Work in process and raw materials	$	4	$	6
Finished goods	83		83
Service parts	130		119
Total inventories	$	217	$	208

Schedule of Property, Plant and Equipment

The following table presents property, plant and equipment by geographic area as of December 31:


In millions	2025		2024
Property, plant and equipment, net
United States	$	141	$	160
Americas (excluding United States)	3		2
Europe, Middle East and Africa	22		24
Asia Pacific	8		6
Consolidated property, plant and equipment, net	$	174	$	192

The components of property, plant and equipment, net are summarized as follows:


In millions	December 31, 2025		December 31, 2024
Property, plant and equipment
Land and improvements	$	1	$	2
Buildings and improvements	204		227
Machinery and other equipment	502		493
Finance lease assets	100		81
Property, plant and equipment, gross	807		803
Less: accumulated depreciation	(633)		(611)
Total property, plant and equipment, net	$	174	$	192

DEBT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt Obligations

The following table summarizes the Company’s short-term borrowings and long-term debt:


		December 31, 2025			December 31, 2024
In millions, except percentages		Amount		Weighted-Average Interest Rate	Amount		Weighted-Average Interest Rate
Short-Term Borrowings
Current portion of Senior Secured Credit Facility(1)		$	—	—%	$	—	—%


	Total short-term borrowings	$	—		$	—
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facilities(1)	$	—	—%	$	—	—%
	Revolving credit facility(1)	—		—%	—		—%
Senior Notes:




	5.000% Senior Notes due 2028	650			650
	5.125% Senior Notes due 2029	403			403

	5.250% Senior Notes due 2030	52			52
Deferred financing fees		(5)			(7)

	Total long-term debt	$	1,100		$	1,098

(1)Interest rates are weighted average interest rates as of December 31, 2025 and 2024.

Schedule of Maturities of Long-term Debt

Debt Maturities Maturities of debt outstanding, in principal amounts, at December 31, 2025 are summarized below:


			For the years ended December 31
In millions	Total		2026		2027		2028		2029		2030		Thereafter
Debt maturities	$	1,105	$	—	$	—	$	650	$	403	$	52	$	—

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The components of basic earnings (loss) per share are as follows:


In millions, except per share amounts	Year ended December 31
	2025		2024		2023
Numerator:
Income (loss) from continuing operations	$	42	$	(201)	$	(733)
Series A convertible preferred stock dividends	(20)		(15)		(16)
Net income (loss) from continuing operations attributable to NCR Voyix common stockholders	22		(216)		(749)
Income (loss) from discontinued operations, net of tax	20		1,159		305
Net income (loss) attributable to NCR Voyix common stockholders	$	42	$	943	$	(444)

Denominator:
Basic weighted average number of shares outstanding	138.6		144.7		140.6

Basic earnings (loss) per share:
From continuing operations	$	0.16	$	(1.49)	$	(5.33)
From discontinued operations	0.14		8.01		2.17
Total basic earnings per share	$	0.30	$	6.52	$	(3.16)

The components of diluted earnings (loss) per share are as follows:


In millions, except per share amounts	Year ended December 31
	2025		2024		2023
Numerator:
Income (loss) from continuing operations	$	42	$	(201)	$	(733)
Series A convertible preferred stock dividends	(20)		(15)		(16)
Net income (loss) from continuing operations attributable to NCR Voyix common stockholders	22		(216)		(749)
Income (loss) from discontinued operations, net of tax	20		1,159		305
Net income (loss) attributable to NCR Voyix common stockholders	$	42	$	943	$	(444)

Denominator:
Basic weighted average number of shares outstanding	138.6		144.7		140.6

Dilutive effect of employee stock options and restricted stock units	2.5		—		—
Weighted average diluted shares	141.1		144.7		140.6

Diluted earnings (loss) per share:
From continuing operations	$	0.16	$	(1.49)	$	(5.33)
From discontinued operations	0.14		8.01		2.17
Total diluted earnings per share	$	0.30	$	6.52	$	(3.16)

STOCK COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Payment Arrangement, Cost by Plan

The Company recorded stock-based compensation expense in income (loss) from continuing operations for the years ended December 31 as follows:


In millions	2025		2024		2023
Restricted stock units	$	31	36		131
Stock options	—		—		3
Employee stock purchase plan	3		4		6
Stock-based compensation expense	$	34	$	40	$	140
Tax expense (benefit)	(1)		(4)		(7)
Total stock-based compensation (net of tax)	$	33	36		133

Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table reports restricted stock unit activity during the year ended December 31, 2025:


Shares in thousands	Number of Units	Weighted Average Grant-Date Fair Value per Unit
Unvested shares as of January 1	8,065	$	16.31
Shares granted	4,003	$	10.70
Shares granted adjustments(1)	(766)
Shares vested	(2,865)	$	17.10
Shares forfeited	(1,773)	$	12.85

Unvested shares as of December 31	6,664	$	12.11

(1) Represents grant adjustments for RSUs granted in prior periods with performance-based vesting criteria to reflect the actual number of shares issued upon final achievement of the performance vesting criteria.

The following table represents the composition of restricted stock unit grants in 2025:


Shares in thousands	Number of Units	Weighted Average Grant-Date Fair Value
Service-based units	3,241	$	10.52
Performance-based units	762	$	11.49
Total restricted stock units	4,003	$	10.70

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on March 3, 2025:


Dividend yield	—	%
Risk-free interest rate	3.86	%
Expected volatility	48.34	%

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on November 8, 2024:


Dividend yield	—	%
Risk-free interest rate	4.09	%
Expected volatility	46.53	%

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on March 15, 2024:


Dividend yield	—	%
Risk-free interest rate	4.44	%
Expected volatility	60.37	%

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on February 13, 2023:


Dividend yield	—	%
Risk-free interest rate	4.15	%
Expected volatility	55.90	%

The table below details the assumptions used in determining the fair value of the market-based restricted stock units.



Dividend yield	—	%
Risk-free interest rate	1.73	%
Expected volatility	59.26	%

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on December 21, 2022:


Dividend yield	—	%
Risk-free interest rate	3.90	%
Expected volatility	64.93	%

Schedule of Share-based Payment Arrangement, Option, Activity

The following table summarizes the Company’s stock option activity for the year ended December 31, 2025:


Shares in thousands	Shares Under Option	Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in millions)
Outstanding as of January 1	6,772	$	19.18
Granted	—	—

Exercised	—	1.11
Forfeited or expired	(2,266)	18.05

Outstanding as of December 31	4,506	$	19.75	0.84	$	2.02
Fully vested and expected to vest as of December 31	4,506	$	19.75	0.84	$	2.02
Exercisable as of December 31	4,506	$	19.75	0.84	$	2.02

ACCUMULATED OTHER COMPREHENSIVE INCOME - Schedule of Reclassifications (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	$ (453,000,000)	$ (458,000,000)	$ (658,000,000)
Research and development expenses	(155,000,000)	(157,000,000)	(139,000,000)
Interest Expense	(60,000,000)	(134,000,000)	(294,000,000)
Income (loss) from continuing operations before income taxes	(31,000,000)	(197,000,000)	(549,000,000)
Income tax expense (benefit)	73,000,000	(4,000,000)	(184,000,000)
Income (loss) from continuing operations	42,000,000	(201,000,000)	(733,000,000)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses		0	0
Research and development expenses		0	0
Interest Expense		0	(31,000,000)
Income (loss) from continuing operations before income taxes		(1,000,000)	(33,000,000)
Income tax expense (benefit)		0	8,000,000
Income (loss) from continuing operations	0	(1,000,000)	(25,000,000)
Reclassification out of Accumulated Other Comprehensive Income \| Actuarial Losses Recognized
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses		0	0
Research and development expenses		0	0
Interest Expense		0	0
Income (loss) from continuing operations before income taxes		0	(1,000,000)
Reclassification out of Accumulated Other Comprehensive Income \| Amortization of Prior Service Benefit
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses		0	0
Research and development expenses		0	0
Interest Expense		0	0
Income (loss) from continuing operations before income taxes		(1,000,000)	(1,000,000)
Reclassification out of Accumulated Other Comprehensive Income \| Changes in Fair Value of Effective Cash Flow Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses		0	0
Research and development expenses		0	0
Interest Expense		0	(31,000,000)
Income (loss) from continuing operations before income taxes		0	(31,000,000)
Product
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of products	(686,000,000)	(767,000,000)	(1,046,000,000)
Product \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of products		0	0
Product \| Reclassification out of Accumulated Other Comprehensive Income \| Actuarial Losses Recognized
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of products		0	0
Product \| Reclassification out of Accumulated Other Comprehensive Income \| Amortization of Prior Service Benefit
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of products		0	0
Product \| Reclassification out of Accumulated Other Comprehensive Income \| Changes in Fair Value of Effective Cash Flow Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of products		0	0
Service
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of products	$ (1,367,000,000)	(1,474,000,000)	(1,457,000,000)
Service \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of products		(1,000,000)	(2,000,000)
Service \| Reclassification out of Accumulated Other Comprehensive Income \| Actuarial Losses Recognized
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of products		0	(1,000,000)
Service \| Reclassification out of Accumulated Other Comprehensive Income \| Amortization of Prior Service Benefit
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of products		(1,000,000)	(1,000,000)
Service \| Reclassification out of Accumulated Other Comprehensive Income \| Changes in Fair Value of Effective Cash Flow Hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of products		$ 0	$ 0

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

For the years ended December 31, income (loss) from continuing operations before income taxes consisted of the following:


In millions	2025		2024		2023
Income (loss) before income taxes
United States	$	(54)	$	(249)	$	(451)
Foreign	23		52		(98)
Total income (loss) from continuing operations before income taxes	$	(31)	$	(197)	$	(549)

Schedule of Components of Income Tax Expense (Benefit)

For the years ended December 31, income tax expense (benefit) consisted of the following:


In millions	2025		2024		2023
Income tax expense (benefit)
Current
Federal	$	(89)	$	(9)	$	26
State	(3)		2		—
Foreign	18		26		31
Deferred
Federal	1		(19)		(48)
State	(4)		1		(3)
Foreign	4		3		178
Total income tax expense (benefit)	$	(73)	$	4	$	184

Schedule of Income Tax Paid

The reconciliation of cash, cash equivalents and restricted cash in the Consolidated Statements of Cash Flows is as follows:


In millions	Balance Sheet Location	December 31, 2025		December 31, 2024		December 31, 2023
Cash and cash equivalents	Cash and cash equivalents	$	231	$	722	$	256
Short term restricted cash	Restricted cash	3		—		2
Long term restricted cash	Other assets	4		3		—

Cash included in settlement processing assets	Restricted cash	5		31		21
Total cash, cash equivalents and restricted cash		$	243	$	756	$	279
Cash, cash equivalents and restricted cash of discontinued operations		—		2		6
Total cash, cash equivalents and restricted cash		$	243	$	758	$	285

Disclosed below is a summary of income taxes paid by jurisdiction for the year ended December 31, 2025, pursuant to the disclosure requirements of ASU 2023-09:


In millions	2025
Income taxes paid by jurisdiction
Federal	$	258
State	31



Foreign	27





Total income taxes paid	$	316

Schedule of Effective Income Tax Rate Reconciliation

The following table represents the principal components of the difference between the effective tax rate and the U.S. federal statutory income tax rate for the year ended December 31, 2025, pursuant to the disclosure requirements of ASU 2023-09:


In millions	2025
	Amount		Percent
Income tax expense/(benefit) at the U.S. federal tax rate of 21%	$	(6)	21.0	%
State and local income taxes, net of federal income tax effect(1)(2)	(4)		12.9	%
Foreign tax effects
Australia
Statutory income tax rate differential	(7)		22.6	%
Gain/(loss) from restructuring	25		(80.6)	%
Other	2		(6.5)	%
Austria
Gain/(loss) on disposition(2)	(5)		16.1	%
Cyprus
Statutory income tax rate differential	(5)		16.1	%
Changes in valuation allowances	5		(16.1)	%
Gain/(loss) from restructuring	(11)		35.5	%
Other	(1)		3.2	%
Israel
Changes in valuation allowances(2)	11		(35.5)	%
Other	6		(19.4)	%
Other foreign jurisdictions	8		(28.0)	%
Effect of cross-border tax laws
Net CFC Tested Income (NCTI)	25		(80.6)	%
Income/(loss) from foreign branches, disregarded entities, and partnerships	(31)		100.0	%
Deferred tax liability on unremitted earnings	7		(22.6)	%
Other	(3)		9.7	%
Tax credits
Research & Development (R&D) tax credits(2)	(7)		22.6	%
Other	(6)		19.4	%
Changes in valuation allowances	(11)		35.5	%
Nontaxable or nondeductible items
Share-based payment awards	5		(16.1)	%

Gain/(loss) from restructuring	(66)		212.9	%
Other	2		(6.5)	%
Changes in unrecognized tax benefits	(6)		19.4	%

Effective income tax rate	$	(73)	235.0	%

(1)State taxes attributable to California and New York State represented the majority (greater than 50%) of the tax effect within this category for 2025.

(2)Indicates reconciling items that include changes in tax estimates for prior periods.

The following table presents the principal components of the difference between the effective tax rate and the U.S. federal statutory income tax rate prior to the adoption of ASU 2023-09 for the years ended December 31:


In millions	2024		2023
Income tax (benefit) expense at the U.S. federal tax rate of 21%	$	(42)	$	(114)
Foreign income tax differential	8		1
Additional U.S. tax on foreign income	(6)		14
State and local income taxes (net of federal effect)	2		(3)
Other U.S. permanent book/tax differences	1		4
Meals and entertainment expense	1		2
Cash surrender value received as income	4		—
Nondeductible transaction costs	—		2
Nondeductible executive compensation	(1)		17

Dispositions	—		16
Spin-off of NCR Atleos	—		226
Gains/losses on internal entity restructuring	(4)		—

Excess (benefit)/deficit from share-based payments	8		2

Research and development tax credits	(3)		(2)
Foreign tax law changes	(7)		(8)
Valuation allowances	57		31
Change in liability for unrecognized tax benefits	(9)		3
Change in tax estimates for prior periods	(6)		(5)
Other, net	1		(2)
Total income tax (benefit) expense	$	4	$	184

Schedule of Deferred Tax Assets and Liabilities

Deferred income tax assets and liabilities included in the Consolidated Balance Sheets as of December 31 were as follows:


In millions	2025		2024
Deferred income tax assets
Employee pensions and other benefits	$	8	$	15
Other balance sheet reserves and allowances	88		104
Tax loss and credit carryforwards	191		155
Capitalized research and development	90		78
Property, plant and equipment	2		1
Lease liabilities	51		54
Capitalized software	37		50
Partnership deferred	21		—
Other	8		16
Total deferred income tax assets	$	496	$	473
Valuation allowance	(181)		(153)
Net deferred income tax assets	$	315	$	320
Deferred income tax liabilities
Intangibles	$	85	$	82
Right of use assets	54		57


Total deferred income tax liabilities	$	139	$	139
Total net deferred income tax assets	$	176	$	181

Schedule of Unrecognized Tax Benefits Roll Forward

The aggregate changes in the balance of our gross unrecognized tax benefits were as follows for the years ended December 31:


In millions	2025		2024		2023
Gross unrecognized tax benefits - January 1	$	46	$	58	$	87
Increases related to tax positions from prior years	16		1		1
Decreases related to tax positions from prior years	(1)		(5)		(1)
Increases related to tax provisions taken during the current year	—		1		2
Settlements with tax authorities	(1)		(4)		—
Lapses of statutes of limitation	(11)		(5)		(1)
Distributions to NCR Atleos	—		—		(30)
Total gross unrecognized tax benefits - December 31	$	49	$	46	$	58

STOCK COMPENSATION PLANS - Restricted Stock and Restricted Stock Units (Details) - $ / shares shares in Thousands			12 Months Ended
	Feb. 13, 2023	Dec. 21, 2022	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Weighted Average Grant-Date Fair Value per Unit
Shares granted (in dollars per share)	$ 35.04	$ 29.66		$ 12.97	$ 16.25
Total restricted stock units
Number of Units
Unvested shares as of January 1 (in shares)			8,065
Shares granted (in shares)			4,003
Shares granted adjustments (in shares)			(766)
Shares vested (in shares)			(2,865)
Shares forfeited (in shares)			(1,773)
Unvested shares as of December 31 (in shares)			6,664	8,065
Weighted Average Grant-Date Fair Value per Unit
Beginning balance (in dollars per share)			$ 16.31
Shares granted (in dollars per share)			10.70
Shares vested (in dollars per share)			17.10
Shares forfeited (in dollars per share)			12.85
Ending balance (in dollars per share)			$ 12.11	$ 16.31

DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

2. DISCONTINUED OPERATIONS

Digital Banking Sale

On September 30, 2024, the Company completed the Digital Banking Sale. Refer to Note 1, “Basis of Presentation and Significant Accounting Policies” for additional information. The historical results of the Digital Banking businesses have been presented as discontinued operations for all periods presented. The Company’s presentation of discontinued operations excludes general corporate overhead costs that did not meet the requirements to be presented as discontinued operations. The Company recognized a pre-tax gain of approximately $1.5 billion, which was recognized in Net income (loss) from discontinued operations.

The following table presents the major categories of income (loss) from discontinued operations related to the Digital Banking Sale:


	For the year ended December 31
In millions	2025		2024		2023
Product revenue	$	—	$	38	$	53
Service revenue	—		419		526
Total revenue	—		457		579
Cost of products	—		31		43
Cost of services	—		221		280
Selling, general and administrative expenses	—		84		77
Research and development expenses	—		37		46
Total operating expenses	—		373		446
Income from discontinued operations	—		84		133

Other income (expense), net	—		(48)		(5)
Income (loss) from discontinued operations before gain on sale of business and income taxes	—		36		128
Gain on sale of business	—		1,530		—
Income (loss) from discontinued operations before income taxes	—		1,566		128
Income tax expense (benefit)	(6)		388		13


Net income (loss) from discontinued operations related to Digital Banking	$	6	$	1,178	$	115

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


	For the year ended December 31
In millions	2025		2024		2023
Net cash provided by (used in) operating activities	$	—	$	(288)	$	242
Net cash provided by (used in) investing activities	—		(57)		(96)
Net cash provided by (used in) financing activities	—		—		—

Spin-Off of NCR Atleos

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

The following table presents the major categories of income (loss) from discontinued operations related to the Spin-Off of NCR Atleos. The balances for the year ended December 31, 2023 include the impacts of the Revision, as discussed in Note 1, “Basis of Presentation and Significant Accounting Policies.”


	For the year ended December 31
In millions	2025		2024		2023
Product revenue	$	—	$	3	$	807
Service revenue	—		10		2,526
Total revenue	—		13		3,333
Cost of products	—		4		654
Cost of services	—		7		1,737
Selling, general and administrative expenses	—		2		541
Research and development expenses	—		—		52
Total operating expenses	—		13		2,984
Income from discontinued operations	—		—		349

Interest expense	—		—		(6)
Other income (expense), net	—		(2)		(27)
Income (loss) from discontinued operations before income taxes	—		(2)		316
Income tax expense (benefit)	(6)		8		76
Net income (loss) from discontinued operations	6		(10)		240
Net income (loss) attributable to noncontrolling interests	—		(1)		—
Net income (loss) from discontinued operations related to NCR Atleos	$	6	$	(9)	$	240

The following table represents the major classes of assets and liabilities of discontinued operations:


In millions	December 31, 2024
Assets
Current assets
Cash and cash equivalents	$	2
Accounts receivable, net of allowances	7


Prepaid and other current assets	3
Total current assets	12








Total assets of discontinued operations	$	12

Liabilities and stockholder's equity
Current liabilities

Accounts payable	$	8

Contract liabilities	2

Other current liabilities	2
Total current liabilities	12





Other liabilities	1
Noncurrent liabilities	1
Total liabilities of discontinued operations	$	13

The following table presents selected financial information related to cash flows from discontinued operations related to the Spin-off of NCR Atleos:


	For the year ended December 31
In millions	2025		2024		2023
Net cash provided by (used in) operating activities	$	—	$	(14)	$	352
Net cash provided by (used in) investing activities	—		—		(93)
Net cash provided by (used in) financing activities	—		—		1

Environmental Matters

The costs and insurance recoveries relating to certain environmental obligations associated with discontinued operations, including those relating to the Fox River and Kalamazoo River matters, are presented in Income (loss) from discontinued operations, net of tax, in the Consolidated Statements of Operations. Income (loss) from discontinued operations, net of tax, related to environmental matters was income from discontinued operations of $8 million for the year ended December 31, 2025 and a loss from discontinued operations of $10 million and $50 million, for the years ended December 31, 2024 and 2023, respectively. Net cash used in operating activities of discontinued operations related to environmental obligations was $37 million, $20 million and $19 million for fiscal years 2025, 2024 and 2023, respectively. Refer to Note 11, “Commitments and Contingencies” for further information.

DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

The following table presents the major categories of income (loss) from discontinued operations related to the Digital Banking Sale:


	For the year ended December 31
In millions	2025		2024		2023
Product revenue	$	—	$	38	$	53
Service revenue	—		419		526
Total revenue	—		457		579
Cost of products	—		31		43
Cost of services	—		221		280
Selling, general and administrative expenses	—		84		77
Research and development expenses	—		37		46
Total operating expenses	—		373		446
Income from discontinued operations	—		84		133

Other income (expense), net	—		(48)		(5)
Income (loss) from discontinued operations before gain on sale of business and income taxes	—		36		128
Gain on sale of business	—		1,530		—
Income (loss) from discontinued operations before income taxes	—		1,566		128
Income tax expense (benefit)	(6)		388		13


Net income (loss) from discontinued operations related to Digital Banking	$	6	$	1,178	$	115

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


	For the year ended December 31
In millions	2025		2024		2023
Net cash provided by (used in) operating activities	$	—	$	(288)	$	242
Net cash provided by (used in) investing activities	—		(57)		(96)
Net cash provided by (used in) financing activities	—		—		—


	For the year ended December 31
In millions	2025		2024		2023
Product revenue	$	—	$	3	$	807
Service revenue	—		10		2,526
Total revenue	—		13		3,333
Cost of products	—		4		654
Cost of services	—		7		1,737
Selling, general and administrative expenses	—		2		541
Research and development expenses	—		—		52
Total operating expenses	—		13		2,984
Income from discontinued operations	—		—		349

Interest expense	—		—		(6)
Other income (expense), net	—		(2)		(27)
Income (loss) from discontinued operations before income taxes	—		(2)		316
Income tax expense (benefit)	(6)		8		76
Net income (loss) from discontinued operations	6		(10)		240
Net income (loss) attributable to noncontrolling interests	—		(1)		—
Net income (loss) from discontinued operations related to NCR Atleos	$	6	$	(9)	$	240

The following table represents the major classes of assets and liabilities of discontinued operations:


In millions	December 31, 2024
Assets
Current assets
Cash and cash equivalents	$	2
Accounts receivable, net of allowances	7


Prepaid and other current assets	3
Total current assets	12








Total assets of discontinued operations	$	12

Liabilities and stockholder's equity
Current liabilities

Accounts payable	$	8

Contract liabilities	2

Other current liabilities	2
Total current liabilities	12





Other liabilities	1
Noncurrent liabilities	1
Total liabilities of discontinued operations	$	13

The following table presents selected financial information related to cash flows from discontinued operations related to the Spin-off of NCR Atleos:


	For the year ended December 31
In millions	2025		2024		2023
Net cash provided by (used in) operating activities	$	—	$	(14)	$	352
Net cash provided by (used in) investing activities	—		—		(93)
Net cash provided by (used in) financing activities	—		—		1

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

DERIVATIVES AND HEDGING INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following tables provide information on the location and amounts of derivative fair values in the Consolidated Balance Sheets:


	Fair Values of Derivative Instruments
	December 31, 2025
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value




Derivatives not designated as hedging instruments
Foreign exchange contracts	Prepaid and other current assets			$	—	Other current liabilities			$	—
Total derivatives not designated as hedging instruments		$	91	$	—		$	135	$	—
Total derivatives				$	—				$	—

	Fair Values of Derivative Instruments
	December 31, 2024
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value





Derivatives not designated as hedging instruments
Foreign exchange contracts	Prepaid and other current assets			$	—	Other current liabilities			$	—
Total derivatives not designated as hedging instruments		$	89	$	—		$	126	$	—
Total derivatives				$	—				$	—

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The effects of derivative instruments on the Consolidated Statements of Operations for the years ended December 31, 2025, 2024, and 2023 were as follows:


In millions		Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in the Consolidated Statements of Operations	For the year ended December 31, 2025		For the year ended December 31, 2024		For the year ended December 31, 2023
Foreign exchange contracts	Other income (expense), net	$	3	$	(8)	$	(8)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Components of Accounts Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 491	$ 558
Less: allowance for credit losses	(21)	(26)
Total accounts receivable, net	470	532
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	447	499
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 44	$ 59

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	The Company recognizes the importance of maintaining cybersecurity measures that are designed to safeguard our information systems and protect the confidentiality and integrity of data in our possession relating to our employees, customers and business assets. Our information security program is enterprise-wide and includes cross-functional coordination between various departments across the Company, including, but not limited to, information security, technology, privacy, enterprise risk management and internal audit. The structure of our information security program is informed by the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework to organize and maintain processes and tools to identify, protect, detect, respond and recover from threats and events. Our information security program employs various information technology and protection methods designed to promote data security such as firewalls, intrusion prevention systems, denial of service detection, anomaly-based detection, anti-virus/anti-malware, endpoint encryption, and detection and response software, security information and event management system, identity management technology, security analytics, encryption and multi-factor authentication. Further, we recognize the risks associated with the use of third-party service providers and have processes designed to identify material risks related to third parties. We conduct periodic reviews and tests of our information security program and also leverage audits by our internal audit team, tabletop exercises, penetration and vulnerability testing, simulations and other exercises to evaluate the effectiveness of our information security program and attempt to improve our security measures and planning. We collaborate with external experts, including consultants and auditors, in evaluating and testing our information security program. Our employees and certain of our contractors are required to participate in security awareness training at least annually. Our Chief Technology Officer (“CTO”) is responsible for oversight of our information security strategy, program and operations. Our CTO has over 25 years of information technology experience, including leadership experience managing global information security, IT infrastructure and engineering. He holds a doctorate in Business Administration, Master of Business Administration, and Bachelor of Engineering in Electrical and Electronics Engineering / Information Systems. In previous roles at large-scale fintech and cybersecurity companies, our CTO designed comprehensive cybersecurity programs, and he managed and mitigated high-profile cybersecurity incidents to ensure business continuity. Our Chief Information Security Officer (“CISO”), who reports directly to the CTO, is responsible for day-to-day assessment and management of cybersecurity risk. Our CISO has over 20 years of experience in various roles related to information security and related technology, including previously serving as Vice President of Information Technology and Senior Vice President of Information Technology at other companies, and holds a Bachelor of Science in Math and a Master of Business Administration in Computer Information Systems and Information Technology. Our CISO’s responsibilities in prior roles at large, global fintech and healthcare companies included initiatives to identify and reduce cybersecurity vulnerabilities. The Company’s cybersecurity risk management policies and procedures include internal notification procedures which, depending on the level of severity assigned to the event, may include direct notice to, among others, the Company’s Chief Executive Officer, Chief Financial Officer, General Counsel and Chief Privacy Officer. Members of the Company’s legal department support efforts to evaluate the materiality of any incidents; determine whether notice to third parties such as regulators, customers or vendors is required; determine whether any prohibition on insider trading is appropriate; and assess whether disclosure to stockholders or governmental filings, including with the SEC, are required. Our internal notification procedures also include notifying various Company information technology services managers, subject matter experts in the Company’s software department and other senior executives, and in certain cases, members of the Company’s board of directors, depending on the level of severity assigned to the event.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company recognizes the importance of maintaining cybersecurity measures that are designed to safeguard our information systems and protect the confidentiality and integrity of data in our possession relating to our employees, customers and business assets. Our information security program is enterprise-wide and includes cross-functional coordination between various departments across the Company, including, but not limited to, information security, technology, privacy, enterprise risk management and internal audit. The structure of our information security program is informed by the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework to organize and maintain processes and tools to identify, protect, detect, respond and recover from threats and events.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our Board of Directors (the “Board”) exercises oversight over our risk management process directly, as well as through its various standing committees that address risks inherent in their respective areas of oversight. Primary oversight for cybersecurity risk management sits within the Board’s Risk Committee. The Risk Committee oversees cybersecurity risk identification, management and assessment as well as key processes and policies relating to the foregoing. The Risk Committee also reviews the adequacy and effectiveness of the Company’s cybersecurity program, as well as the steps taken by management to mitigate or otherwise control cybersecurity exposures and to identify future risks.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	cybersecurity risk management sits within the Board’s Risk Committee.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Chief Technology Officer (“CTO”) is responsible for oversight of our information security strategy, program and operations. Our CTO has over 25 years of information technology experience, including leadership experience managing global information security, IT infrastructure and engineering. He holds a doctorate in Business Administration, Master of Business Administration, and Bachelor of Engineering in Electrical and Electronics Engineering / Information Systems. In previous roles at large-scale fintech and cybersecurity companies, our CTO designed comprehensive cybersecurity programs, and he managed and mitigated high-profile cybersecurity incidents to ensure business continuity. Our Chief Information Security Officer (“CISO”), who reports directly to the CTO, is responsible for day-to-day assessment and management of cybersecurity risk. Our CISO has over 20 years of experience in various roles related to information security and related technology, including previously serving as Vice President of Information Technology and Senior Vice President of Information Technology at other companies, and holds a Bachelor of Science in Math and a Master of Business Administration in Computer Information Systems and Information Technology. Our CISO’s responsibilities in prior roles at large, global fintech and healthcare companies included initiatives to identify and reduce cybersecurity vulnerabilities.
Cybersecurity Risk Role of Management [Text Block]	Our Chief Technology Officer (“CTO”) is responsible for oversight of our information security strategy, program and operations. Our CTO has over 25 years of information technology experience, including leadership experience managing global information security, IT infrastructure and engineering. He holds a doctorate in Business Administration, Master of Business Administration, and Bachelor of Engineering in Electrical and Electronics Engineering / Information Systems. In previous roles at large-scale fintech and cybersecurity companies, our CTO designed comprehensive cybersecurity programs, and he managed and mitigated high-profile cybersecurity incidents to ensure business continuity. Our Chief Information Security Officer (“CISO”), who reports directly to the CTO, is responsible for day-to-day assessment and management of cybersecurity risk. Our CISO has over 20 years of experience in various roles related to information security and related technology, including previously serving as Vice President of Information Technology and Senior Vice President of Information Technology at other companies, and holds a Bachelor of Science in Math and a Master of Business Administration in Computer Information Systems and Information Technology. Our CISO’s responsibilities in prior roles at large, global fintech and healthcare companies included initiatives to identify and reduce cybersecurity vulnerabilities. The Company’s cybersecurity risk management policies and procedures include internal notification procedures which, depending on the level of severity assigned to the event, may include direct notice to, among others, the Company’s Chief Executive Officer, Chief Financial Officer, General Counsel and Chief Privacy Officer. Members of the Company’s legal department support efforts to evaluate the materiality of any incidents; determine whether notice to third parties such as regulators, customers or vendors is required; determine whether any prohibition on insider trading is appropriate; and assess whether disclosure to stockholders or governmental filings, including with the SEC, are required. Our internal notification procedures also include notifying various Company information technology services managers, subject matter experts in the Company’s software department and other senior executives, and in certain cases, members of the Company’s board of directors, depending on the level of severity assigned to the event. Our CTO attends regular meetings of the executive officer team, including our Chief Executive Officer, Chief Financial Officer and other senior executive officers, and he reports on cybersecurity matters as appropriate. Our Board of Directors (the “Board”) exercises oversight over our risk management process directly, as well as through its various standing committees that address risks inherent in their respective areas of oversight. Primary oversight for cybersecurity risk management sits within the Board’s Risk Committee. The Risk Committee oversees cybersecurity risk identification, management and assessment as well as key processes and policies relating to the foregoing. The Risk Committee also reviews the adequacy and effectiveness of the Company’s cybersecurity program, as well as the steps taken by management to mitigate or otherwise control cybersecurity exposures and to identify future risks. Our CTO and CISO report regularly to the Risk Committee on cybersecurity and information security, including the tracking of key metrics, and the full Board reviews significant cybersecurity matters, where appropriate, including as part of the Company’s enterprise risk management program. For a description of risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition, see the risk factor “Our inability to protect our systems, solutions and data from cybersecurity threats or other technological risks could adversely affect our business operations or stock price and damage our brand and reputation” in Item 1A of Part I of this Report.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our Chief Technology Officer (“CTO”) is responsible for oversight of our information security strategy, program and operations. Our CTO has over 25 years of information technology experience, including leadership experience managing global information security, IT infrastructure and engineering. He holds a doctorate in Business Administration, Master of Business Administration, and Bachelor of Engineering in Electrical and Electronics Engineering / Information Systems. In previous roles at large-scale fintech and cybersecurity companies, our CTO designed comprehensive cybersecurity programs, and he managed and mitigated high-profile cybersecurity incidents to ensure business continuity. Our Chief Information Security Officer (“CISO”), who reports directly to the CTO, is responsible for day-to-day assessment and management of cybersecurity risk. Our CISO has over 20 years of experience in various roles related to information security and related technology, including previously serving as Vice President of Information Technology and Senior Vice President of Information Technology at other companies, and holds a Bachelor of Science in Math and a Master of Business Administration in Computer Information Systems and Information Technology. Our CISO’s responsibilities in prior roles at large, global fintech and healthcare companies included initiatives to identify and reduce cybersecurity vulnerabilities. The Risk Committee oversees cybersecurity risk identification, management and assessment as well as key processes and policies relating to the foregoing. The Risk Committee also reviews the adequacy and effectiveness of the Company’s cybersecurity program, as well as the steps taken by management to mitigate or otherwise control cybersecurity exposures and to identify future risks. Our CTO and CISO report regularly to the Risk Committee on cybersecurity and information security, including the tracking of key metrics, and the full Board reviews significant cybersecurity matters, where appropriate, including as part of the Company’s enterprise risk management program.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CISO has over 20 years of experience in various roles related to information security and related technology, including previously serving as Vice President of Information Technology and Senior Vice President of Information Technology at other companies, and holds a Bachelor of Science in Math and a Master of Business Administration in Computer Information Systems and Information Technology. Our CISO’s responsibilities in prior roles at large, global fintech and healthcare companies included initiatives to identify and reduce cybersecurity vulnerabilities.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Company’s cybersecurity risk management policies and procedures include internal notification procedures which, depending on the level of severity assigned to the event, may include direct notice to, among others, the Company’s Chief Executive Officer, Chief Financial Officer, General Counsel and Chief Privacy Officer. Members of the Company’s legal department support efforts to evaluate the materiality of any incidents; determine whether notice to third parties such as regulators, customers or vendors is required; determine whether any prohibition on insider trading is appropriate; and assess whether disclosure to stockholders or governmental filings, including with the SEC, are required. Our internal notification procedures also include notifying various Company information technology services managers, subject matter experts in the Company’s software department and other senior executives, and in certain cases, members of the Company’s board of directors, depending on the level of severity assigned to the event. Our CTO attends regular meetings of the executive officer team, including our Chief Executive Officer, Chief Financial Officer and other senior executive officers, and he reports on cybersecurity matters as appropriate.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]		true

EMPLOYEE BENEFIT PLANS - Schedule of Actual and Target Allocations (Details) - Total Pension Benefits	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual Allocation of Plan Assets as of December 31	100.00%	100.00%
Equity and other investments
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual Allocation of Plan Assets as of December 31	71.00%	66.00%
Target Asset Allocation	58.00%
Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual Allocation of Plan Assets as of December 31	29.00%	33.00%
Target Asset Allocation	42.00%
Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual Allocation of Plan Assets as of December 31	0.00%	1.00%
Target Asset Allocation	0.00%

SEGMENT INFORMATION AND CONCENTRATIONS - Schedule of Property, Plant and Equipment by Geography (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Segment Reporting Information [Line Items]
Property, plant and equipment, net	$ 174	$ 192
United States
Segment Reporting Information [Line Items]
Property, plant and equipment, net	141	160
Americas (excluding United States)
Segment Reporting Information [Line Items]
Property, plant and equipment, net	3	2
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Property, plant and equipment, net	22	24
Asia Pacific
Segment Reporting Information [Line Items]
Property, plant and equipment, net	$ 8	$ 6

DEBT OBLIGATIONS - Schedule of Maturities of Long Term Debt (Details) $ in Millions	Dec. 31, 2025 USD ($)
Debt Disclosure [Abstract]
Debt maturities	$ 1,105
2026	0
2027	0
2028	650
2029	403
2030	52
Thereafter	$ 0

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.9-03(16))
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1D
-Subparagraph (b)
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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-Subparagraph (SX 210.7-03(a)(16)(a)(2))
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

16. ACCUMULATED OTHER COMPREHENSIVE INCOME

Changes in Accumulated Other Comprehensive Income (“AOCI”) by Component

The changes in AOCI for the years ended December 31 are as follows:


In millions	Currency Translation Adjustments		Changes in Employee Benefit Plans		Changes in Fair Value of Effective Cash Flow Hedges		Total








Balance at December 31, 2022	$	(404)	$	(5)	$	109	$	(300)
Other comprehensive (loss) income before reclassifications	85		(7)		—		78
Amounts reclassified from AOCI	—		(1)		(24)		(25)
Net current period other comprehensive (loss) income	$	85	$	(8)	$	(24)	$	53
Spin-Off of NCR Atleos	(105)		18		(85)		(172)
Balance at December 31, 2023	$	(424)	$	5	$	—	$	(419)
Other comprehensive (loss) income before reclassifications	$	(44)	$	(5)	$	—	$	(49)
Amounts reclassified from AOCI	—		(1)		—		(1)
Net current period other comprehensive (loss) income	$	(44)	$	(6)	$	—	$	(50)
Spin-Off of NCR Atleos	—		—		—		—
Balance at December 31, 2024	$	(468)	$	(1)	$	—	$	(469)
Other comprehensive (loss) income before reclassifications	$	7	$	7	$	—	$	14
Amounts reclassified from AOCI	—		—		—		—
Net current period other comprehensive (loss) income	$	7	$	7	$	—	$	14
Spin-Off of NCR Atleos	16		—		—		16
Balance at December 31, 2025	$	(445)	$	6	$	—	$	(439)

Reclassifications Out of AOCI

There were no reclassifications out of AOCI for the year ended December 31, 2025. The reclassifications out of AOCI for the years ended December 31 2024 and 2023 are as follows:


		For the year ended December 31, 2024
		Employee Benefit Plans
In millions		Actuarial Losses Recognized		Amortization of Prior Service Benefit		Effective Cash Flow Hedges		Total
Affected line in Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	—		(1)		—		(1)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		—		—
	Total before tax	$	—	$	(1)	$	—	$	(1)
	Tax expense							—
	Total reclassifications, net of tax							$	(1)


		For the year ended December 31, 2023
		Employee Benefit Plans
In millions		Actuarial Losses Recognized		Amortization of Prior Service Benefit		Effective Cash Flow Hedges		Total
Affected line in Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	(1)		(1)		—		(2)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(31)		(31)
	Total before tax	$	(1)	$	(1)	$	(31)	$	(33)
	Tax expense							8
	Total reclassifications, net of tax							$	(25)

LEASING - Schedule of Lease Balances at Balance Sheet Date (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Operating lease assets	$ 208	$ 229
Finance lease assets	100	81
Accumulated Amortization of Finance lease assets	(81)	(70)
Total leased assets	$ 227	$ 240
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other current liabilities	Other current liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Operating lease liabilities	$ 38	$ 40
Finance lease liabilities	14	11
Operating lease liabilities	226	248
Finance lease liabilities	5	3
Total lease liabilities	$ 283	$ 302

LEASING (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Assets and Liabilities, Lessee

The following table presents our lease balances as of December 31:


In millions	Location in the Consolidated Balance Sheet	December 31, 2025		December 31, 2024
Assets
Operating lease assets	Operating lease assets	$	208	$	229
Finance lease assets	Property, plant and equipment, net	100		81
Accumulated Amortization of Finance lease assets	Property, plant and equipment, net	(81)		(70)
Total leased assets		$	227	$	240
Liabilities
Current
Operating lease liabilities	Other current liabilities	$	38	$	40
Finance lease liabilities	Other current liabilities	14		11
Noncurrent
Operating lease liabilities	Operating lease liabilities	226		248
Finance lease liabilities	Other liabilities	5		3
Total lease liabilities		$	283	$	302

Schedule of Lease, Cost

The following table presents our lease costs for operating and finance leases:


In millions	For the year ended December 31, 2025		For the year ended December 31, 2024		For the year ended December 31, 2023
Operating lease cost	$	51	$	63	$	72
Finance lease cost
Amortization of leased assets	11		13		13
Interest on lease liabilities	1		1		1

Variable lease cost	19		26		27
Sublease income	(17)		(5)		(3)
Total lease cost	$	65	$	98	$	110

The following table presents the supplemental cash flow information:


In millions	For the year ended December 31, 2025		For the year ended December 31, 2024		For the year ended December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	56	$	66	$	76
Operating cash flows from finance leases	$	1	$	1	$	1
Financing cash flows from finance leases	$	13	$	14	$	14
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	8	$	29	$	16
Finance Leases	$	11	$	2	$	(1)

The following table presents the weighted average remaining lease term and interest rates:


	December 31, 2025		December 31, 2024
Weighted average lease term:
Operating leases	6.8 years		7.6 years
Finance leases	3.2 years		1.5 years
Weighted average interest rates:
Operating leases	6.18	%	6.17	%
Finance leases	5.84	%	3.91	%

Schedule of Lessee, Operating Lease, Liability, Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the Consolidated Balance Sheet as of December 31, 2025:


In millions	Operating Leases	Finance Leases
2026	53	15
2027	50	3
2028	46	2
2029	41	—
2030	41	—
Thereafter	95	—
Total lease payments	326	20
Less: Amount representing interest	62	1
Present value of lease liabilities	264	19

Schedule of Finance Lease, Liability, Fiscal Year Maturity


In millions	Operating Leases	Finance Leases
2026	53	15
2027	50	3
2028	46	2
2029	41	—
2030	41	—
Thereafter	95	—
Total lease payments	326	20
Less: Amount representing interest	62	1
Present value of lease liabilities	264	19

DEBT OBLIGATIONS - Credit Facilities (Details)	Oct. 16, 2023 USD ($)
Credit Agreement \| Line of Credit
Line of Credit Facility [Line Items]
Aggregate principal amount	$ 700,000,000
Credit Agreement \| Line of Credit \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument, term (in years)	5 years
Maximum borrowing capacity	$ 500,000,000
Credit Agreement \| Line of Credit \| Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 75,000,000
Credit Agreement \| Medium-Term Note \| Period One
Line of Credit Facility [Line Items]
Debt instrument covenant consolidated leverage ratio	4.50
Credit Agreement \| Medium-Term Note \| Period Two
Line of Credit Facility [Line Items]
Debt instrument covenant consolidated leverage ratio	4.25
Additional consolidated leverage ratio	25.00%
Credit Agreement \| Medium-Term Note \| Maximum
Line of Credit Facility [Line Items]
Debt instrument covenant consolidated leverage ratio	5.00
Term Loan A Facility \| Medium-Term Note
Line of Credit Facility [Line Items]
Aggregate principal amount	$ 200,000,000
Debt instrument, term (in years)	5 years
New Loans \| Term Loans And Revolving Credit Facility \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)	0.50%
New Loans \| Term Loans And Revolving Credit Facility \| Base Rate \| Minimum
Line of Credit Facility [Line Items]
Additional basis spread on variable rate (as percent)	1.25%
New Loans \| Term Loans And Revolving Credit Facility \| Base Rate \| Maximum
Line of Credit Facility [Line Items]
Additional basis spread on variable rate (as percent)	2.25%
New Loans \| Term Loans And Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)	1.00%
New Loans \| Term Loans And Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Minimum
Line of Credit Facility [Line Items]
Additional basis spread on variable rate (as percent)	2.25%
New Loans \| Term Loans And Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Maximum
Line of Credit Facility [Line Items]
Additional basis spread on variable rate (as percent)	3.25%

DISCONTINUED OPERATIONS - Schedule of Major Categories of Income (Details) - USD ($) $ in Millions		12 Months Ended
	Sep. 30, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of tax		$ 20	$ 1,158	$ 305
Net income (loss) attributable to noncontrolling interests		0	(1)	0
Income (loss) from discontinued operations, net of tax		20	1,159	305
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Digital Banking
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue		0	457	579
Selling, general and administrative expenses		0	84	77
Research and development expenses		0	37	46
Total operating expenses		0	373	446
Income from discontinued operations		0	84	133
Other income (expense), net		0	(48)	(5)
Income (loss) from discontinued operations before gain on sale of business and income taxes		0	36	128
Gain on sale of business	$ 1,500	0	1,530	0
Income (loss) from discontinued operations before income taxes		0	1,566	128
Income tax expense (benefit)		(6)	388	13
Income (loss) from discontinued operations, net of tax		6	1,178	115
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Spin-Off of Atleos
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue		0	13	3,333
Selling, general and administrative expenses		0	2	541
Research and development expenses		0	0	52
Total operating expenses		0	13	2,984
Income from discontinued operations		0	0	349
Interest expense		0	0	(6)
Other income (expense), net		0	(2)	(27)
Income (loss) from discontinued operations before income taxes		0	(2)	316
Income tax expense (benefit)		(6)	8	76
Income (loss) from discontinued operations, net of tax		6	(10)	240
Net income (loss) attributable to noncontrolling interests		0	(1)	0
Income (loss) from discontinued operations, net of tax		6	(9)	240
Product \| Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Digital Banking
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue		0	38	53
Costs of products and services		0	31	43
Product \| Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Spin-Off of Atleos
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue		0	3	807
Costs of products and services		0	4	654
Service \| Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Digital Banking
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue		0	419	526
Costs of products and services		0	221	280
Service \| Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Spin-Off of Atleos
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue		0	10	2,526
Costs of products and services		$ 0	$ 7	$ 1,737

STOCK COMPENSATION PLANS

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

STOCK COMPENSATION PLANS

9. STOCK COMPENSATION PLANS

As disclosed in Note 1, “Basis of Presentation and Significant Accounting Policies”, outstanding restricted stock units and stock options were adjusted to maintain the economic value of those awards before and after the Spin-Off. Generally, continuing NCR Voyix employees retained the number of outstanding restricted stock units held by them as of the Spin-Off and received additional NCR Voyix restricted stock units to reflect the Spin-Off, while continuing NCR Atleos employees had their outstanding restricted stock units held by them as of the Spin-Off converted solely into equivalent restricted stock units of NCR Atleos, and any outstanding restricted stock units held by them as of the Spin-Off were cancelled. Outstanding stock options at the time of the Spin-Off, regardless of the holder, were converted into stock options of both NCR Voyix and NCR Atleos. In addition, outstanding restricted stock units held by certain key equity holders as of the Spin-Off (including directors and certain former employees) were converted into restricted stock units of both NCR Voyix and NCR Atleos. The share information included below has been adjusted for the Spin-Off. The modification of the Company’s awards did not result in material stock-based compensation cost during the year ended December 31, 2023.

The Company recognizes all share-based payments as compensation expense in its financial statements based on their fair value. As of December 31, 2025, the Company’s stock-based compensation consisted of restricted stock units, employee stock purchase plan and stock options. The Company recorded stock-based compensation expense in income (loss) from continuing operations for the years ended December 31 as follows:


In millions	2025		2024		2023
Restricted stock units	$	31	36		131
Stock options	—		—		3
Employee stock purchase plan	3		4		6
Stock-based compensation expense	$	34	$	40	$	140
Tax expense (benefit)	(1)		(4)		(7)
Total stock-based compensation (net of tax)	$	33	36		133

Approximately 34 million shares (i) remain available for future issuance and (ii) are issuable upon the exercise or settlement of outstanding awards under the 2017 Stock Incentive Plan (“SIP”). Details of the Company’s stock-based compensation plans are discussed below.

Restricted Stock Units

The SIP provides for the grant of several different forms of stock-based compensation, including restricted stock units. Restricted stock units can have service-based and/or performance-based vesting with performance goals being established by the Compensation and Human Resource Committee of the Company’s Board of Directors. Any grant of restricted stock units is generally subject to a vesting period of 12 months to 48 months, to the extent permitted by the SIP. Performance-based grants conditionally vest upon achievement of future performance goals based on performance criteria such as the Company’s achievement of specific return on capital and/or other financial metrics (as defined in the SIP) during the performance period. Performance-based grants must be earned, based on performance, before the actual number of shares to be awarded is known. The Compensation and Human Resource Committee considers the likelihood of meeting the performance criteria based upon

estimates and other relevant data, and certifies performance based on its analysis of achievement against the performance criteria. A recipient of restricted stock units does not have the rights of a stockholder and is subject to restrictions on transferability and risk of forfeiture. Other terms and conditions applicable to any award of restricted stock units will be determined by the Compensation and Human Resource Committee and set forth in the agreement relating to that award.

The following table reports restricted stock unit activity during the year ended December 31, 2025:


Shares in thousands	Number of Units	Weighted Average Grant-Date Fair Value per Unit
Unvested shares as of January 1	8,065	$	16.31
Shares granted	4,003	$	10.70
Shares granted adjustments(1)	(766)
Shares vested	(2,865)	$	17.10
Shares forfeited	(1,773)	$	12.85

Unvested shares as of December 31	6,664	$	12.11

Stock-based compensation expense is recognized in the financial statements based upon fair value. The total fair value of units vested and distributed in the form of the Company’s common stock was $49 million in 2025, $61 million in 2024, and $132 million in 2023. As of December 31, 2025, there was $47 million of unrecognized compensation cost related to unvested restricted stock unit grants. The unrecognized compensation cost is expected to be recognized over a remaining weighted-average period of 1.9 years under the endpoint method. The weighted average grant date fair value for restricted stock unit awards granted in 2024 and 2023 was $12.97 and $16.25, respectively.

The following table represents the composition of restricted stock unit grants in 2025:


Shares in thousands	Number of Units	Weighted Average Grant-Date Fair Value
Service-based units	3,241	$	10.52
Performance-based units	762	$	11.49
Total restricted stock units	4,003	$	10.70

On March 3, 2025, the Company granted market-based restricted stock units vesting on March 3, 2028. The fair value of the awards was determined based on the grant date fair value and will be recognized over the requisite service period.

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on March 3, 2025:


Dividend yield	—	%
Risk-free interest rate	3.86	%
Expected volatility	48.34	%

Expected volatility for these restricted stock units is calculated as the historical volatility of the Company’s stock over a period of approximately three years, as management believes this is the best representation of prospective trends. The risk-free interest rate was determined based on a three year U.S. Treasury yield curve in effect at the time of the grant.

On November 8, 2024, the Company granted market-based restricted stock units vesting on November 8, 2027. The number of awards that vest are subject to the satisfaction of performance-based vesting conditions tied to the Company’s common stock price. The performance-based vesting conditions require that at any time during the 3-year performance period prior to November 8, 2027, the twenty-trading day trailing average price for the Company’s common stock must equal or exceed a stock price threshold of $22.00 for twenty consecutive trading days. In addition, should the twenty-trading day trailing average price for the Company’s common stock equal or exceed $24.00 at any time during the performance period for twenty consecutive trading days, the payout will be 125% and should the twenty-trading day trailing average price for the Company’s common stock equal or exceed $26.00 at any time during the performance period for twenty consecutive trading days, the payout will be 150%. Payouts for stock prices between prices provided herein shall be calculated applying linear interpolation.

The fair value of the awards was determined based on the grant date fair value and will be recognized over the requisite service period.

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on November 8, 2024:


Dividend yield	—	%
Risk-free interest rate	4.09	%
Expected volatility	46.53	%

On March 15, 2024, the Company granted market-based restricted stock units vesting on March 15, 2027. The fair value of the awards was determined based on the grant date fair value and will be recognized over the requisite service period.

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on March 15, 2024:


Dividend yield	—	%
Risk-free interest rate	4.44	%
Expected volatility	60.37	%

On February 13, 2023, the Company granted market-based restricted stock units vesting on December 31, 2025. The number of awards that vest are subject to the compound annual growth rate (“CAGR”) of the Company’s stock price from January 1, 2023 to December 31, 2025 (the “performance period”), subject to an alternative level of achievement based on the Company’s relative total shareholder return ranking among a comparison group. The fair value of the awards was determined to be $35.04 per share based on using a Monte-Carlo simulation model and was recognized over the requisite service period.

Approximately 50% of these market-based restricted stock units included an accelerated vesting provision if a Qualified Transaction, as defined in the award agreement, took place during the performance period (with a minimum vesting period of one year from the grant date). Upon the occurrence of a Qualified Transaction, the number of shares that would vest based on the Company’s 20-day volume-weighted average closing stock price immediately preceding the transaction date. The Spin-Off resulted in a Qualified Transaction and as such, these market-based restricted stock units were subject to accelerated vesting as defined in the award agreement.

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on February 13, 2023:


Dividend yield	—	%
Risk-free interest rate	4.15	%
Expected volatility	55.90	%

On February 25, 2022, the Company granted market-based restricted stock units vesting on December 31, 2024. The number of awards that vest are subject to the performance of the Company’s stock price from the date of grant to December 31, 2024. The fair value of the awards was determined to be $57.67 per share based on using a Monte-Carlo simulation model and was recognized over the requisite service period. The table below details the assumptions used in determining the fair value of the market-based restricted stock units.



Dividend yield	—	%
Risk-free interest rate	1.73	%
Expected volatility	59.26	%

Expected volatility for the market-based restricted stock units is calculated as the historical volatility of the Company’s stock over a period of three years, as management believes this is the best representation of prospective trends. The risk-free interest rate was determined based on a three year U.S. Treasury yield curve in effect at the time of the grant.

On December 21, 2022, the Company granted market-based restricted stock units vesting on December 31, 2025. The number of awards that vest are subject to the compound annual growth rate (“CAGR”) of the Company’s stock price from January 1, 2023 to December 31, 2025 (the “performance period”), subject to an alternative level of achievement based on the Company’s relative total shareholder return ranking among a comparison group. The fair value of the awards was determined to be $29.66 per share based on using a Monte-Carlo simulation model and was recognized over the requisite service period.

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on December 21, 2022:


Dividend yield	—	%
Risk-free interest rate	3.90	%
Expected volatility	64.93	%

Stock Options

The SIP also provides for the grant of stock options to purchase shares of the Company’s common stock. The Compensation and Human Resource Committee has discretion to determine the material terms and conditions of option awards under the SIP, provided that (i) the exercise price must be no less than the fair market value of the Company’s common stock (defined as the closing price) on the date of grant, (ii) the term must be no longer than ten years, and (iii) in no event shall the normal vesting schedule provide for vesting in less than one year. Other terms and conditions of an award of stock options will be determined by the Compensation and Human Resource Committee as set forth in the applicable stock option award. The Compensation and Human Resource Committee has authority to administer the SIP, except that the Committee on Directors and Governance of the Company’s Board of Directors will administer the SIP with respect to non-employee members of the Board of Directors. New shares of the Company’s common stock are issued as a result of stock option exercises.

During the years ended December 31, 2025 and December 31, 2024, the Company did not grant any stock options.

The following table summarizes the Company’s stock option activity for the year ended December 31, 2025:


Shares in thousands	Shares Under Option	Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in millions)
Outstanding as of January 1	6,772	$	19.18
Granted	—	—

Exercised	—	1.11
Forfeited or expired	(2,266)	18.05

Outstanding as of December 31	4,506	$	19.75	0.84	$	2.02
Fully vested and expected to vest as of December 31	4,506	$	19.75	0.84	$	2.02
Exercisable as of December 31	4,506	$	19.75	0.84	$	2.02

As of December 31, 2025, there was no unrecognized compensation cost related to unvested stock option grants.

The total intrinsic value of all options exercised was zero in 2025, $1 million in 2024, and $1 million in 2023. Cash received from option exercises under all share-based payment arrangements was zero in 2025, $4 million in 2024, and $2 million in 2023. There was no tax benefit realized from stock options exercised in 2025, 2024, or 2023.

Employee Stock Purchase Plan

The Company’s amended Employee Stock Purchase Plan (“ESPP”) provides employees a 15% discount on stock purchases using a three-month look-back feature where the discount is applied to the stock price that represents the lower of the Company’s closing stock price on either the first day or the last day of each calendar quarter. Participants can contribute between 1% and 10% of their compensation. The amended ESPP was approved by the Company’s stockholders in 2016 and became effective January 1, 2017.

Employees purchased approximately 1.1 million shares in both 2025 and 2024, and 0.9 million shares in 2023, for approximately $10 million, $11 million and $19 million, respectively. A total of 4 million shares were originally authorized to be issued under the ESPP before its amendment. Under the amended ESPP, 10 million shares were newly authorized to be issued, plus any shares remaining unissued under the prior ESPP after the last 2016 purchase date. Approximately 2.4 million authorized shares remain unissued under our amended ESPP as of December 31, 2025.

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ / shares in Units, $ in Millions		3 Months Ended				9 Months Ended	12 Months Ended				33 Months Ended
	Oct. 02, 2023	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2025 USD ($) segment $ / shares	Dec. 31, 2024 USD ($) $ / shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2025 USD ($)	Feb. 12, 2026 USD ($)	May 06, 2025 USD ($)	Jul. 31, 2018 USD ($)	Mar. 31, 2017 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of operating segments \| segment							2
Number of reportable segments \| segment							2
Net income (loss)							$ 20	$ 1,158	$ 305
Basic earnings per share from discontinued operations (in dollars per share) \| $ / shares							$ 0.14	$ 8.01	$ 2.17
Diluted earnings per share from discontinued operations (in dollars per share) \| $ / shares							$ 0.14	$ 8.01	$ 2.17
Retained earnings (deficit)							$ 559	$ 535			$ 559
Accumulated other comprehensive loss							(439)	(469)			(439)
Out-of-period adjustment to increase operating expenses					$ 10
Revenue							2,687	2,818	$ 3,166
Accounts receivable							470	532			470
Contract liabilities							202	209			202
Other income (expense), net							3	(33)	(75)
Other current liabilities							409	724			409
Fraudulent ACH disbursements, cumulative							34				34
Fraudulent ACH disbursements, recovered							16				16
Fraudulent disbursement, amount									5
Fraudulent disbursements, amount recorded on balance sheet						$ 11				$ 2
Recovery costs, cyber ransomware											47
Proceeds from insurance settlement, investing activities											37
Remaining performance obligation							1,300				1,300
Interest paid, excluding capitalized interest							57	145	365
Income taxes paid, net							316	54	92
Allowance for credit loss							21	26			21
Credit loss charged to expense							10	15
Allowance for credit loss, writeoff								18
Current portion of contract assets							0	0			0
Contract with customer, liability, revenue recognized							175
Settlement assets							9	50			9
Settlement liabilities							10	47			$ 10
Depreciation							58	55	55
Repurchase Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stock repurchase program, maximum authorized amount													$ 200	$ 200	$ 300
Repurchase of common stock							74	56
Repurchase Program \| Subsequent Event
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stock repurchase program, maximum authorized amount												$ 300
Amended and Restated Repurchase Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stock repurchase program, maximum authorized amount													$ 172
Amended and Restated Repurchase Program \| Subsequent Event
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stock repurchase program, maximum authorized amount												$ 178
SEC Schedule, 12-09, Allowance, Credit Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deductions							$ 15	$ 18	$ 15
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Accounts, Notes, Loans and Financing Receivable [Line Items]
Remaining performance obligation, expected timing of satisfaction, period							12 months				12 months
Remaining performance obligation, percentage							0.75%				0.75%
Maximum \| Machinery and other equipment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Property, plant and equipment, useful life							20 years				20 years
Maximum \| Building
Accounts, Notes, Loans and Financing Receivable [Line Items]
Property, plant and equipment, useful life							45 years				45 years
Maximum \| Software Development Costs, Internal Use
Accounts, Notes, Loans and Financing Receivable [Line Items]
Capitalized computer software, useful life							7 years
Maximum \| Software and Software Development Costs
Accounts, Notes, Loans and Financing Receivable [Line Items]
Capitalized computer software, useful life							5 years
Maximum \| Revenue Benchmark \| Bill and Hold Transactions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage (as percent)							2.00%	2.00%	2.00%
Minimum \| Machinery and other equipment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Property, plant and equipment, useful life							3 years				3 years
Minimum \| Building
Accounts, Notes, Loans and Financing Receivable [Line Items]
Property, plant and equipment, useful life							25 years				25 years
Minimum \| Software Development Costs, Internal Use
Accounts, Notes, Loans and Financing Receivable [Line Items]
Capitalized computer software, useful life							4 years
Minimum \| Software and Software Development Costs
Accounts, Notes, Loans and Financing Receivable [Line Items]
Capitalized computer software, useful life							3 years
Revision of Prior Period, Error Correction, Adjustment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net income (loss)									$ (5)	$ (6)
Basic earnings per share from discontinued operations (in dollars per share) \| $ / shares									$ (0.04)	$ (0.04)
Diluted earnings per share from discontinued operations (in dollars per share) \| $ / shares									$ (0.04)	$ (0.04)
Retained earnings (deficit)				$ 12					$ 12	$ (8)
Accumulated other comprehensive loss				10					10
Revision of Prior Period, Adjustment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accumulated other comprehensive loss		$ 4
Revenue			$ (10)
Accounts receivable			(5)	2					$ 2
Contract liabilities			5
Prior period reclassification adjustment		2	$ 4
Other income (expense), net		8
Other current liabilities		4
Operating expenses				$ 2
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Digital Banking Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Disposal group, consideration		2,450
Disposal group, potential earnout, maximum		$ 100
Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations, Spinoff \| NCR Atleos Corporation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Conversion ratio	0.50
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Digital Banking Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Income taxes paid, net							$ 284

SEGMENT INFORMATION AND CONCENTRATIONS - Schedule of Revenue and Operating Income By Segments (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Corporate and other income and expenses not allocated to segments			$ 192	$ 286	$ 275
Depreciation and amortization			199	206	190
Acquisition-related amortization of intangibles			25	28	41
Interest expense			60	134	294
Interest income			(8)	(9)	(12)
Acquisition-related costs			0	0	1
Loss (gain) on debt extinguishment	$ (8)		0	(8)	46
Income tax expense (benefit)			(73)	4	184
Stock-based compensation expense			34	40	140
Pension mark-to-market adjustments			(13)	(12)	7
Transformation and restructuring costs			124	125	28
Separation costs			0	10	95
Loss (gain) on disposal of businesses			(3)	(14)	12
Foreign currency devaluation			0	15	0
Fraudulent ACH disbursements			0	(5)	23
Cyber ransomware incident recovery costs			0	(13)	17
Strategic initiatives			16	48	0
Litigation costs			22	0	0
Net income (loss) from continuing operations attributable to NCR Voyix			42	(201)	(733)
Gain on terminated interest rate derivatives agreement		$ 18
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Interest Expense, Nonoperating
Gain on disposition of property plant equipment			19	0	2
2025 Restructuring And Transformation Costs
Segment Reporting Information [Line Items]
Gain on disposition of property plant equipment			10
Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA			$ 617	$ 634	$ 608

GOODWILL AND PURCHASED INTANGIBLE ASSETS - Schedule of Goodwill (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 1,573
Accumulated Impairment, beginning balance	(57)
Total beginning balance	1,516
Additions	0
Impairment	0
Other	4
Goodwill, ending balance	1,577
Accumulated Impairment, ending balance	(57)
Total ending balance	1,520
Retail
Goodwill [Roll Forward]
Goodwill, beginning balance	1,079
Accumulated Impairment, beginning balance	(34)
Total beginning balance	1,045
Additions	0
Impairment	0
Other	5
Goodwill, ending balance	1,084
Accumulated Impairment, ending balance	(34)
Total ending balance	1,050
Restaurants
Goodwill [Line Items]
Derecognized goodwill	2
Goodwill [Roll Forward]
Goodwill, beginning balance	494
Accumulated Impairment, beginning balance	(23)
Total beginning balance	471
Additions	0
Impairment	0
Other	(1)
Goodwill, ending balance	493
Accumulated Impairment, ending balance	(23)
Total ending balance	$ 470

EARNINGS PER SHARE - Narrative (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	15.3	15.9	10.6
Restricted Stock Units (RSUs) and Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	5.4	10.1	12.1

SEGMENT INFORMATION AND CONCENTRATIONS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($) segment	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	2
Revenue by segment	$ 2,687	$ 2,818	$ 3,166
United States
Segment Reporting Information [Line Items]
Revenue by segment	$ 1,641	$ 1,706	$ 2,056
Revenue Benchmark \| Customer Concentration Risk \| One Customer
Segment Reporting Information [Line Items]
Concentration risk, percentage (as percent)	12.00%	13.00%	16.00%

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

DISCONTINUED OPERATIONS - Schedule of Cash Flows from Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) operating activities	$ (37)	$ (20)	$ (19)
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Digital Banking
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) operating activities	0	(288)	242
Net cash provided by (used in) investing activities	0	(57)	(96)
Net cash provided by (used in) financing activities	0	0	0
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Spin-Off of Atleos
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) operating activities	0	(14)	352
Net cash provided by (used in) investing activities	0	0	(93)
Net cash provided by (used in) financing activities	$ 0	$ 0	$ 1

INCOME TAXES

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

8. INCOME TAXES

For the years ended December 31, income (loss) from continuing operations before income taxes consisted of the following:


In millions	2025		2024		2023
Income (loss) before income taxes
United States	$	(54)	$	(249)	$	(451)
Foreign	23		52		(98)
Total income (loss) from continuing operations before income taxes	$	(31)	$	(197)	$	(549)

For the years ended December 31, income tax expense (benefit) consisted of the following:


In millions	2025		2024		2023
Income tax expense (benefit)
Current
Federal	$	(89)	$	(9)	$	26
State	(3)		2		—
Foreign	18		26		31
Deferred
Federal	1		(19)		(48)
State	(4)		1		(3)
Foreign	4		3		178
Total income tax expense (benefit)	$	(73)	$	4	$	184

Disclosed below is a summary of income taxes paid by jurisdiction for the year ended December 31, 2025, pursuant to the disclosure requirements of ASU 2023-09:


In millions	2025
Income taxes paid by jurisdiction
Federal	$	258
State	31



Foreign	27





Total income taxes paid	$	316

In 2025, there were no jurisdictions other than U.S. federal with income taxes paid that equaled or exceeded 5% of total income taxes paid.


In millions	2025
	Amount		Percent
Income tax expense/(benefit) at the U.S. federal tax rate of 21%	$	(6)	21.0	%
State and local income taxes, net of federal income tax effect(1)(2)	(4)		12.9	%
Foreign tax effects
Australia
Statutory income tax rate differential	(7)		22.6	%
Gain/(loss) from restructuring	25		(80.6)	%
Other	2		(6.5)	%
Austria
Gain/(loss) on disposition(2)	(5)		16.1	%
Cyprus
Statutory income tax rate differential	(5)		16.1	%
Changes in valuation allowances	5		(16.1)	%
Gain/(loss) from restructuring	(11)		35.5	%
Other	(1)		3.2	%
Israel
Changes in valuation allowances(2)	11		(35.5)	%
Other	6		(19.4)	%
Other foreign jurisdictions	8		(28.0)	%
Effect of cross-border tax laws
Net CFC Tested Income (NCTI)	25		(80.6)	%
Income/(loss) from foreign branches, disregarded entities, and partnerships	(31)		100.0	%
Deferred tax liability on unremitted earnings	7		(22.6)	%
Other	(3)		9.7	%
Tax credits
Research & Development (R&D) tax credits(2)	(7)		22.6	%
Other	(6)		19.4	%
Changes in valuation allowances	(11)		35.5	%
Nontaxable or nondeductible items
Share-based payment awards	5		(16.1)	%

Gain/(loss) from restructuring	(66)		212.9	%
Other	2		(6.5)	%
Changes in unrecognized tax benefits	(6)		19.4	%

Effective income tax rate	$	(73)	235.0	%

(1)State taxes attributable to California and New York State represented the majority (greater than 50%) of the tax effect within this category for 2025.

(2)Indicates reconciling items that include changes in tax estimates for prior periods.

The Company’s tax provisions include a provision for income taxes in certain tax jurisdictions where its subsidiaries are profitable, but reflect only a portion of the tax benefits related to certain foreign subsidiaries’ tax losses due to the uncertainty of the ultimate realization of future benefits from these losses. During 2025, our tax rate was impacted by a $66 million benefit in the U.S. due to entity restructuring activities.


In millions	2024		2023
Income tax (benefit) expense at the U.S. federal tax rate of 21%	$	(42)	$	(114)
Foreign income tax differential	8		1
Additional U.S. tax on foreign income	(6)		14
State and local income taxes (net of federal effect)	2		(3)
Other U.S. permanent book/tax differences	1		4
Meals and entertainment expense	1		2
Cash surrender value received as income	4		—
Nondeductible transaction costs	—		2
Nondeductible executive compensation	(1)		17

Dispositions	—		16
Spin-off of NCR Atleos	—		226
Gains/losses on internal entity restructuring	(4)		—

Excess (benefit)/deficit from share-based payments	8		2

Research and development tax credits	(3)		(2)
Foreign tax law changes	(7)		(8)
Valuation allowances	57		31
Change in liability for unrecognized tax benefits	(9)		3
Change in tax estimates for prior periods	(6)		(5)
Other, net	1		(2)
Total income tax (benefit) expense	$	4	$	184

During 2024, our tax rate was impacted by a $57 million expense from recording a valuation allowance against deferred tax assets. During 2023, our tax rate was impacted by a net $226 million expense related to the Spin-Off of NCR Atleos. Also during 2023, our tax rate was impacted by a $31 million expense from recording a valuation allowance against deferred tax assets and a $17 million expense from nondeductible executive compensation.

As described in Note 1, “Basis of Presentation and Significant Accounting Policies”, on October 16, 2023, in connection with the Spin-Off, the Company completed a series of legal entity restructurings including both an internal and external spin-off transaction. These transactions are subject to tax laws in the U.S. and non-U.S. jurisdictions, which resulted in the use of significant judgments by management as it pertains to the interpretation and application of tax laws in the U.S. and non-U.S. jurisdictions to determine the potential taxability of the transactions.

The Company did not provide additional U.S. income tax or foreign withholding taxes, if any, on undistributed earnings of certain foreign subsidiaries given the intention continues to be that those earnings are reinvested indefinitely. The amount of unrecognized deferred tax liability associated with these indefinitely reinvested earnings is approximately $27 million. The unrecognized deferred tax liability is made up of a combination of U.S. and state income taxes and foreign withholding taxes.

We regularly review our deferred tax assets for recoverability and establish a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. The determination as to whether a deferred tax asset will be realized is made on a jurisdictional basis and is based on the evaluation of positive and negative evidence. This evidence includes historical taxable income/loss, projected future taxable income, the expected timing of the reversal of existing temporary differences and the implementation of tax planning strategies.

Deferred income tax assets and liabilities included in the Consolidated Balance Sheets as of December 31 were as follows:


In millions	2025		2024
Deferred income tax assets
Employee pensions and other benefits	$	8	$	15
Other balance sheet reserves and allowances	88		104
Tax loss and credit carryforwards	191		155
Capitalized research and development	90		78
Property, plant and equipment	2		1
Lease liabilities	51		54
Capitalized software	37		50
Partnership deferred	21		—
Other	8		16
Total deferred income tax assets	$	496	$	473
Valuation allowance	(181)		(153)
Net deferred income tax assets	$	315	$	320
Deferred income tax liabilities
Intangibles	$	85	$	82
Right of use assets	54		57


Total deferred income tax liabilities	$	139	$	139
Total net deferred income tax assets	$	176	$	181

The Company has previously recorded valuation allowances related to certain deferred tax assets due to the uncertainty of the ultimate realization of the future benefits from those assets. The recorded valuation allowances cover deferred tax assets, including tax loss carryforwards, interest expense carryforwards and foreign tax credits in tax jurisdictions where there is uncertainty as to the ultimate realization of those tax assets. If we are unable to generate sufficient future taxable income of the proper source in the time period within which the temporary differences underlying our deferred tax assets become deductible, or before the expiration of our loss and credit carryforwards, additional valuation allowances could be required.

As of December 31, 2025, the Company had U.S. federal, U.S. state (tax effected), and foreign tax attribute carryforwards of approximately $673 million. The net operating loss carryforwards that are subject to expiration will expire in the years 2026 through 2045. The attributes include U.S. tax credit carryforwards of $33 million, which expire in the years 2028 through 2034.

The Company’s current tax liability was $13 million and $336 million as of December 31, 2025 and December 31, 2024, respectively, presented within Other current liabilities on the Consolidated Balance Sheets. The decrease in the current tax liability is primarily due to the payment of $284 million of taxes related to the Digital Banking Sale.

The aggregate changes in the balance of our gross unrecognized tax benefits were as follows for the years ended December 31:


In millions	2025		2024		2023
Gross unrecognized tax benefits - January 1	$	46	$	58	$	87
Increases related to tax positions from prior years	16		1		1
Decreases related to tax positions from prior years	(1)		(5)		(1)
Increases related to tax provisions taken during the current year	—		1		2
Settlements with tax authorities	(1)		(4)		—
Lapses of statutes of limitation	(11)		(5)		(1)
Distributions to NCR Atleos	—		—		(30)
Total gross unrecognized tax benefits - December 31	$	49	$	46	$	58

Of the total amount of gross unrecognized tax benefits as of December 31, 2025, $38 million would affect the Company’s effective tax rate if realized. The Company’s liability arising from uncertain tax positions is recorded in Income tax accruals and Other current liabilities in the Consolidated Balance Sheets.

We recognized interest and penalties associated with uncertain tax positions as part of the provision for income taxes in our Consolidated Statements of Operations of $2 million of benefit, zero, and $4 million of expense for the years ended December 31, 2025, 2024, and 2023, respectively. The gross amount of interest and penalties accrued as of December 31, 2025 and 2024 was $16 million in each year, respectively.

In the United States, the Company files consolidated federal and state income tax returns, with statutes of limitations generally ranging from three to five years. U.S. federal tax years remain open from 2022 forward. During 2025, the Egyptian Tax Authority concluded an examination of the 2010-2013 tax years, resulting in an assessment of $1 million. The Company released a total of $2 million in tax reserves as a result of the settlement. Years beginning on or after 2014 are still open to examination by certain foreign taxing authorities.

- Definition

The entire disclosure for income tax.

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+ Details

EMPLOYEE BENEFIT PLANS - Schedule of Unobservable Input Reconciliation (Details) - Total Pension Benefits - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	$ 66	$ 58	$ 56
Not Subject to Leveling
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	66	58
Common and commingled trusts - Equities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	40	39
Common and commingled trusts - Equities \| Not Subject to Leveling
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	40	39
Common and commingled trusts - Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	26	19
Common and commingled trusts - Bonds \| Not Subject to Leveling
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	26	19
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Common and commingled trusts - Equities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Common and commingled trusts - Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	0	0
Significant Other Observable Inputs (Level 2) \| Common and commingled trusts - Equities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	0	0
Significant Other Observable Inputs (Level 2) \| Common and commingled trusts - Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	0	0
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Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
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Significant Unobservable Inputs (Level 3) \| Common and commingled trusts - Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Defined benefit plan, plan assets, amount	$ 0	$ 0

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

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+ Details

Cover Page - USD ($)
$ in Billions

12 Months Ended

Dec. 31, 2025

Feb. 19, 2026

Jun. 30, 2025

Cover [Abstract]

Document Type

10-K

Document Annual Report

true

Document Period End Date

Dec. 31, 2025

Current Fiscal Year End Date

--12-31

Document Transition Report

false

Entity File Number

001-00395

Entity Registrant Name

NCR VOYIX CORPORATION

Entity Incorporation, State or Country Code

Entity Tax Identification Number

31-0387920

Entity Address, Address Line One

864 Spring Street NW

Entity Address, City or Town

Atlanta

Entity Address, State or Province

Entity Address, Postal Zip Code

30308

City Area Code

800

Local Phone Number

225-5627

Title of 12(b) Security

Common Stock, par value $0.01 per share

Trading Symbol

VYX

Security Exchange Name

NYSE

Entity Well-known Seasoned Issuer

Yes

Entity Voluntary Filers

Entity Current Reporting Status

Yes

Entity Interactive Data Current

Yes

Entity Filer Category

Large Accelerated Filer

Entity Small Business

false

Entity Emerging Growth Company

false

ICFR Auditor Attestation Flag

true

Document Financial Statement Error Correction

true

Document Financial Statement Restatement Recovery Analysis

false

Entity Shell Company

false

Entity Public Float

$ 1.6

Entity Common Stock, Shares Outstanding

139,011,364

Documents Incorporated by Reference


Part III:			Portions of the registrant’s definitive proxy statement for its annual meeting of stockholders to be filed pursuant to Regulation 14A within 120 days after the registrant’s fiscal year end of December 31, 2025 are incorporated by reference into Part III of this report.

Entity Central Index Key

0000070866

Document Fiscal Year Focus

2025

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EARNINGS PER SHARE - Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Numerator:
Income (loss) from continuing operations	$ 42	$ (201)	$ (733)
Series A convertible preferred stock dividends	(20)	(15)	(16)
Net income (loss) from continuing operations attributable to NCR Voyix common stockholders	22	(216)	(749)
Income (loss) from discontinued operations, net of tax	20	1,159	305
Net income (loss) attributable to NCR Voyix common stockholders	$ 42	$ 943	$ (444)
Denominator:
Basic weighted average number of shares outstanding, basic (in shares)	138.6	144.7	140.6
Basic earnings (loss) per share:
From continuing operations (in dollars per share)	$ 0.16	$ (1.49)	$ (5.33)
From discontinued operations (in dollars per share)	0.14	8.01	2.17
Total basic earnings per share, basic (in dollars per share)	$ 0.30	$ 6.52	$ (3.16)

DISCONTINUED OPERATIONS - Narrative (Details) $ in Millions		12 Months Ended
DISCONTINUED OPERATIONS - Narrative (Details) $ in Millions	Sep. 30, 2024 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($) country	Dec. 31, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of countries that had not yet transferred \| country			2
Income (loss) from discontinued operations, net of tax, environmental matters		$ 8	$ (10)	$ (50)
Net cash used in operating activities of discontinued operations		37	20	19
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Digital Banking
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of business	$ 1,500	0	1,530	0
Net cash used in operating activities of discontinued operations		$ 0	$ 288	$ (242)

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	11. 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. 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, as well as 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 an impact on the Company’s future operating results. The Company has reflected all liabilities when a loss is considered probable and reasonably estimable in the Consolidated Financial Statements. We do not believe there is a reasonable possibility that losses exceeding amounts already recognized have been incurred, but there can be no assurances that the amounts required to satisfy alleged liabilities from such matters will not impact future operating results. Other than as stated below, the Company does not currently expect to incur material costs 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, including, but not limited to the Kalamazoo River environmental matter and other matters discussed above and below, and to comply with applicable laws and regulations, will not exceed the amounts reflected in the Company’s Consolidated Financial Statements or will not have a material adverse effect on our consolidated results of operations, capital expenditures, competitive position, financial condition or cash flows. Other Litigation In November 2015, several participants and beneficiaries in five “nonqualified” deferred compensation retirement plans sponsored by the Company (collectively, the “Plans”) filed a putative class action lawsuit against the Company and other named defendants. The plaintiffs alleged, among other things, that the Company breached the terms of the Plan agreements when, upon termination of the Plans, the Company paid lump sum payments based on mortality tables and actuarial calculations. In September 2017, the court certified a class. On February 6, 2024, the court entered summary judgment in favor of the plaintiffs, finding that the Company breached the terms of the Plans when it paid the lump sums in lieu of actuarially equivalent replacement life annuities and ordered that the Company provide class members the amount reflecting the difference between the lump sums they received and the cost of the replacement life annuities. The court further ordered the parties to brief as to what the appropriate relief should have been based on the benefits due to each Plan participant (the “Requested Relief Order”). On April 16, 2024, the Company filed its position on the Requested Relief Order. On June 10, 2024, the Court ruled against the Company’s position to the Requested Relief Order, entered a final judgment against the Company, and ordered the Company 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. On July 2, 2024, the Company filed a notice of appeal and a $45 million supersedeas bond to stay execution pending appeal. The appellate court heard oral arguments on August 12, 2025, and on August 26, 2025, the appellate court affirmed the decision of the district court. The Company’s petition for rehearing en banc was denied. In February 2026, the matter was remanded back to the district court for further proceedings to finalize the amount owed to plaintiffs. Any award issued following remand to the district court is subject to an indemnity obligation by NCR Atleos to contribute 50% of any award. The Company also intends to seek reimbursement of any final award from its insurance carriers to the extent of its coverage under applicable fiduciary liability insurance policies. As of December 31, 2025, the Company has recorded an accrual of $45 million, as well as a receivable from NCR Atleos for $22 million, in connection with this matter. Environmental Matters The Company’s facilities and operations are subject to a wide range of environmental protection laws, and the Company has investigatory and remedial activities underway at a number of facilities that it currently owns or operates, or formerly owned or operated, to comply, or to determine compliance, with such laws. Also, the Company has been identified, either by a government agency or by a private party seeking contribution to site clean-up costs, as a potentially responsible party (“PRP”) at a number of sites pursuant to various state and federal laws, including the Federal Water Pollution Control Act, the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”) and comparable state statutes. Following the Spin-Off, the Company retains the responsibility to manage the identified environmental liabilities and remediations, subject however to an indemnity obligation by NCR Atleos to contribute 50% of the costs of certain environmental liabilities after an annual $15 million funding threshold is met. Other than the Kalamazoo River matter discussed below, we currently do not anticipate material expenses and liabilities from these environmental matters. Fox River The Company was one of eight entities that was formally notified by governmental and other entities that it was a PRP for environmental claims (under CERCLA and other statutes) arising out of the presence of polychlorinated biphenyls (“PCBs”) in sediments in the lower Fox River and in the Bay of Green Bay in Wisconsin. The Company was identified as a PRP because of alleged PCB discharges from two carbonless copy paper manufacturing facilities it previously owned, which were located along the Fox River, and carbonless copy paper “broke” the Company allegedly sold to other mills as raw material. In 2017, the Company entered into a Consent Decree with the federal and state governments for the clean-up of the Fox River, which was approved on August 22, 2017 by the federal district court in Wisconsin presiding over this matter. The Consent Decree resolved the Company’s disputes with the enforcement agencies as well as the other PRPs. All litigation relating to the contribution and enforcement of remediation obligations on the Fox River has been concluded. On October 3, 2022, the Environmental Protection Agency issued the Company a Certificate of Completion certifying that all of the Company’s remedial obligations under the Consent Decree have been completed. The cost of the Fox River remediation has been shared with three parties (Appvion, Inc. having fully satisfied its obligations in 2016 and is now bankrupt), B.A.T. Industries p.l.c. (“BAT”) as co-obligor, and AT&T Corp. (“AT&T”) and Nokia (as the successor to Lucent Technologies and Alcatel-Lucent USA) as indemnitors. Under a 1998 Cost Sharing Agreement and subsequent 2005 arbitration award (collectively, the “Cost Sharing Agreement”), from 2008 through 2014, BAT paid 60% of the cost of the Fox River clean-up and natural resource damages. Pursuant to a September 30, 2014 Funding Agreement (the “Funding Agreement”), BAT funded 50% of the Company’s Fox River remediation costs from October 1, 2014 forward; the Funding Agreement also provides the Company contractual avenues for a future payment of, via direct and third-party sources, (1) the difference between BAT’s 60% obligation under the Cost Sharing Agreement on the one hand and their ongoing (since September 2014) 50% payments under the Funding Agreement on the other, as well as (2) the difference between the amount the Company received under the Funding Agreement and the amount owed to it under the Cost Sharing Agreement for the period from April 2012 through September 2014 (collectively, the “Funding Agreement Receivable”). Pursuant to a June 12, 2015 Letter Agreement, the Company’s contractual avenue for direct payment by BAT was effectively stayed pending completion of other unrelated lawsuits by BAT against third-parties. As of December 31, 2025 and 2024, the Funding Agreement Receivable was approximately $54 million and was included in Other assets in the Consolidated Balance Sheets. The timing of collection of sums related to the receivable is uncertain and is subject and pursuant to the terms of the Funding Agreement and related agreements. This receivable is not taken into account in calculating the Company’s Fox River remaining reserve. Additionally, under a 1996 Divestiture Agreement, the Company, AT&T and Nokia have mutual several (not joint) responsibility for indemnifying each other for certain environmental matters, including the Fox River and the Kalamazoo River discussed below, after defined dollar expenditures are met. AT&T and Nokia have been reimbursing the Company for certain portions of the amounts paid by the Company for the Fox River matter over the defined threshold for Fox River subject to certain offsets for insurance recoveries and net tax benefits (the “Divestiture Agreement Offsets”), if any. The Divestiture Agreement governs certain aspects of AT&T’s divestiture of the Company and of what was then known as Lucent Technologies. Those companies have generally made the payments requested of them by the Company on an ongoing basis. The Company, AT&T and Nokia are currently discussing a final reconciliation of the Divestiture Agreement Offsets, but the timing for a final reconciliation is uncertain. The final reconciliation of the Funding Agreement Receivable and the Divestiture Agreement Offsets could result in additional expenditures and liabilities for the Company that could be material. As of December 31, 2025, we have no remaining liability for remedial obligations for the Fox River matter. As of December 31, 2025 and 2024, the liability subject to final reconciliation with indemnitors under the Divestiture Agreement was approximately $23 million, respectively. Kalamazoo River In November 2010, The United States Environmental Protection Agency (“USEPA”) issued a “general notice letter” to the Company with respect to the Allied Paper, Inc./Portage Creek/Kalamazoo River Superfund Site (“Kalamazoo River site”) in Michigan. USEPA asserted that the site is contaminated by various substances, primarily PCBs, as a result of discharges by various paper mills located along the river. USEPA did not claim that the Company made direct discharges into the Kalamazoo River, and the Company never had facilities at or near the Kalamazoo River site, but USEPA indicated that “NCR may be liable under Section 107 of CERCLA ... as an arranger, who by contract or agreement, arranged for the disposal, treatment and/or transportation of hazardous substances at the Site.” USEPA stated that it “may issue special notice letters to [NCR] and other PRPs for future RI/FS [remedial investigation / feasibility studies] and RD/RA [remedial design / remedial action] negotiations.” In December 2010, the Company, along with two other defendants, was sued in federal court by three Georgia-Pacific (“GP”) affiliate corporations in a private-party contribution and cost recovery action for alleged pollution at the Kalamazoo River site. On September 26, 2013, the court issued a decision that held the Company was liable as an “arranger” as of at least March 1969. (PCB-containing carbonless copy paper was produced from approximately 1954 to April 1971, and the majority of contamination at the Kalamazoo River site had occurred prior to 1969). In a ruling following a second trial on the allocation of liability issued on March 29, 2018, the court fixed the past cost amount at approximately $50 million (plus interest to be determined) and the Company and GP were each assigned a 40% share of those costs, and the other two companies were assigned 15% and 5% as their allocations. The court entered final judgment in the case on June 19, 2018, in which it indicated that it would not allocate future costs, but would enter a declaratory judgment that the four companies together had responsibility for future costs, in amounts and shares to be determined. In July 2018, the Company appealed to the United States Court of Appeals for the Sixth Circuit both the 2013 court decision and the 2018 court decision on various legal grounds. The Company filed a bond to stay execution of the judgment pending appeal and execution of the judgment was stayed until the Company filed its dismissal of the appeal on December 31, 2020 pursuant to the Consent Decree noted below. During the pendency of the Sixth Circuit stay, the Company negotiated a settlement of the Kalamazoo River matter with the USEPA and other government agencies having oversight over the river. On December 5, 2019, the Company entered into a Consent Decree with the USEPA and other government agencies having oversight over the Kalamazoo River and the District Court having jurisdiction over this matter approved the Consent Decree later that month. The Consent Decree requires the Company to pay GP a 40% share of past costs, to pay the USEPA and state agencies their past and future administrative costs, and take responsibility for the remediation of a portion, but not all, of the Kalamazoo River. The Consent Decree further required the Company to dismiss the pending Sixth Circuit appeal. The Consent Decree provides the Company protection from other potentially responsible parties, including GP, seeking contribution for their costs associated with the clean-up anywhere on the Kalamazoo River, thereby resolving the allocation of future costs left unresolved by prior litigation. The Company believes it has meritorious claims against BAT under the Cost Sharing Agreement, discussed above, for the Kalamazoo River remediation expenses as a so-called “future site.” To date, BAT disputes that the Kalamazoo River is a “future site.” In February 2023, the Company 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 the Cost Sharing Agreement. In June 2023, BAT filed an answer asserting counterclaims in the proceedings. On September 14, 2024, the Court entered an opinion stating that the Kalamazoo River is a “future site” within the meaning of the Cost Sharing Agreement. The case remains pending with respect to BAT’s remaining counterclaims and affirmative defenses. In December 2022, the contractual threshold set forth in the 1996 Divestiture Agreement for the Kalamazoo River matter was met and as a result the Company also has indemnity or reimbursement claims against AT&T and Nokia. AT&T and Nokia are currently disputing the calculation of that threshold (not the indemnity obligation), and AT&T has withheld certain of its indemnification payments in connection with the dispute. In February 2026, the Company filed an action for preliminary injunction against AT&T in the Southern District of New York seeking an order to compel AT&T’s compliance with the payment obligations under the 1996 Divestiture Agreement. In November 2023, the USEPA issued a conditional approval for a work plan to remediate one area of the Kalamazoo River (referred to by USEPA as Area 4) for which the Company has remediation responsibility. The conditional approval provided the Company with sufficient information to estimate the cost of the first phase of remediation for this area of the river and necessitated an increase in the Kalamazoo reserve. Subsequently, USEPA provided further clarification about the conditions with respect to completing the second phase of the work plan that could substantially increase the costs of remediation. The Company does not believe the scope of work for this second phase is its responsibility under the Consent Decree or the National Contingency Plan. In March 2024, the Company filed a Notice of Dispute with the USEPA objecting to the scope of work for Area 4 as being inconsistent with the National Contingency Plan and contrary to the requirements of the Consent Decree. In June 2024, the Company reached a tentative agreement with the USEPA that will satisfactorily address the Company’s cost concerns and in October 2024, the Company submitted a work plan to the USEPA for approval. In connection with the submittal of the work plan, an updated engineering estimate was developed, which necessitated an increase in the Kalamazoo reserve. On August 18, 2025, the USEPA approved the work plan “with modifications” and the Company responded to those modifications as requested by the USEPA. On November 3, 2025, the EPA reviewed the Company’s responses to the modifications and gave final approval to the work plan. In January 2026, a second updated engineering estimate was completed to address scope adjustments of the approved work plan and current market and river conditions. This updated engineering estimate necessitated another increase to the Kalamazoo reserve. As of December 31, 2025 and 2024, the total reserve for the Kalamazoo River was $111 million and $148 million, respectively. The reserve is reported on a basis that is net of expected contributions from the Company’s co-obligors and indemnitors, subject to when the applicable threshold is reached. While the Company believes its co-obligors’ and indemnitors’ obligations are as previously reported, the reserve may be adjusted from time to time to reflect changes in our estimates of remediation costs and recoverability from co-obligors and indemnitors with respect to the Kalamazoo River. 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), the Company 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 estimates of the costs of investigations and studies for areas of the Kalamazoo River where remedies have not yet been determined, and the reserve is informed by those estimates. The extent of the Company’s potential liability remains subject to many uncertainties, notwithstanding the Consent Decree noted above, particularly in as much as remedy decisions and cost estimates will not be generated until future time periods and as most of the work to be performed will take place through the 2030s. Under other assumptions and estimates for possible costs of remediation, which the Company does not at this point consider to be reasonably estimable or verifiable, it is possible that the reserve the Company has taken to discontinued operations with respect to the Kalamazoo River could more than approximately double the reflected reserve. Ebina The Company has completed all regulatory compliance activities in connection with certain environmental contaminants generated in its past operations in Japan. The Company once had quantities of PCB and other wastes primarily from its former plant at Oiso, Japan, including capsulated undiluted solutions manufactured in the past, capacitors, light ballasts and PCB-affected soil from the Oiso plant that was excavated and placed in steel drums. These wastes were stored in a facility at Ebina, Japan in accordance with Japanese regulations governing such materials. The reserve as of both December 31, 2025 and 2024 was zero. The Japan environmental waste issue is treated as a compliance matter and not as litigation or enforcement, and the Company has received no threats of litigation or enforcement. NCR Atleos does not have any indemnification obligations to the Company in connection with the Ebina matter, and this remediation was completed during 2024. Environmental-Related Insurance Recoveries In connection with the Fox River, Kalamazoo River and other environmental sites, through December 31, 2025, the Company has received a combined gross total of approximately $212 million in settlements reached with various of its insurance carriers. Some of the settlements cover not only the Fox River but also other environmental sites; some are limited to either the Fox River or the Kalamazoo River site. Some of the settlements are directed to defense costs and some are directed to indemnity; some settlements cover both defense costs and indemnity. The Company does not anticipate that further material insurance recoveries specific to Kalamazoo River remediation costs will be available in the future. Environmental Remediation Estimates It is difficult to estimate the future financial impact of environmental laws, including potential liabilities. The Company records 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 PRPs, 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. 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. The amounts recorded for environmental matters in the Company’s Consolidated Financial Statements are the estimated gross undiscounted amounts of such liabilities, without deductions for indemnity insurance, third-party indemnity claims or recoveries from other PRPs, except in the event certain criteria supporting the probability of receipt of payment from such third parties is met. For the Fox River and Kalamazoo River sites, as described above, assets relating to the AT&T and Nokia indemnities and the BAT obligations recorded as payments are supported by contractual agreements, public filings, payment history, or other factors. Guarantees and Product Warranties In the ordinary course of business, the Company may issue performance guarantees on behalf of its subsidiaries to certain of its customers and other parties. Some of those guarantees may be backed by standby letters of credit, surety bonds, or similar instruments. In general, under the guarantees, the Company would be obligated to perform, or cause performance, over the term of the underlying contract in the event of an unexcused, uncured breach by its subsidiary, or some other specified triggering event, in each case as defined by the applicable guarantee. The Company believes the likelihood of having to perform under any such guarantee is remote. As of December 31, 2025 and 2024, the Company had no material obligations related to such guarantees, and therefore its Consolidated Financial Statements do not have any associated liability balance. The Company provides its customers a standard manufacturer’s warranty and records, at the time of the sale, a corresponding estimated liability for potential warranty costs. Estimated future obligations due to warranty claims are based upon historical factors, such as labor rates, average repair time, travel time, number of service calls per machine and cost of replacement parts. When a sale is consummated, the total customer revenue is recognized, provided that all revenue recognition criteria are otherwise satisfied, and the associated warranty liability is recorded using pre-established warranty percentages for the respective product classes. Warranty reserve liabilities are presented in Other current liabilities and Other liabilities in the Consolidated Balance Sheets. From time to time, product design or quality corrections are accomplished through modification programs. When identified, associated costs of labor and parts for such programs are estimated and accrued as part of the warranty reserve. In addition, the Company provides its customers with certain indemnification rights, subject to certain limitations and exceptions. In some cases, the Company agrees to defend and indemnify its customers from third-party lawsuits alleging patent or other infringement of Company solutions based on its customers’ use of them. On limited occasions the Company will undertake to indemnify a customer for business, rather than contractual, reasons. From time to time, the Company also enters into agreements in connection with its acquisition and divestiture activities that include indemnification obligations by the Company. The fair value of these indemnification obligations is not readily determinable due to the conditional nature of the Company’s potential obligations, certain limitations to liability and indemnity exclusions that appear in certain of the Company’s agreements, and the specific facts and circumstances involved with each particular agreement. Historically, the Company has not recorded a liability in connection with these indemnifications. From time to time the Company has provided indemnification under these circumstances, none of which has resulted in material liabilities, and the Company expects these indemnities will continue to arise in the future. Purchase Commitments The Company has purchase commitments for materials, supplies, services, and property, plant and equipment as part of the normal course of business.

STOCK COMPENSATION PLANS - Stock Options (Details) - Stock Options $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) $ / shares shares
Number of Units
Outstanding as of January 1 (in shares) \| shares	6,772
Granted (in shares) \| shares	0
Exercised (in shares) \| shares	0
Forfeited or expired (in shares) \| shares	(2,266)
Outstanding as of December 31 (in shares) \| shares	4,506
Weighted Average Exercise Price per Share
Beginning balance, outstanding (in dollars per share) \| $ / shares	$ 19.18
Granted (in dollars per share) \| $ / shares	0
Exercised (in dollars per share) \| $ / shares	1.11
Forfeited or expired (in dollars per share) \| $ / shares	18.05
Ending balance, outstanding (in dollars per share) \| $ / shares	$ 19.75
Outstanding, Weighted Average Remaining Contractual Term (in years)	10 months 2 days
Outstanding, Aggregate Intrinsic Value \| $	$ 2,020
Fully vested and expected to vest, Shares Under Option (in shares) \| shares	4,506
Fully vested and expected to vest, Weighted Average Exercise Price per Share (in dollars per share) \| $ / shares	$ 19.75
Fully vested and expected to vest, Weighted Average Remaining Contractual Term	10 months 2 days
Fully vested and expected to vest, Aggregate Intrinsic Value \| $	$ 2,020
Exercisable, Shares Under Option (in shares) \| shares	4,506
Exercisable, Weighted Average Exercise Price per Share (in dollars per share) \| $ / shares	$ 19.75
Exercisable, Weighted Average Remaining Contractual Term (in years)	10 months 2 days
Exercisable, Aggregate Intrinsic Value (in dollars per share) \| $	$ 2,020

DISCONTINUED OPERATIONS - Schedule of Major Classes of Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets
Total current assets	$ 0	$ 12
Current liabilities
Total current liabilities	0	12
Noncurrent liabilities	$ 0	1
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff \| Spin-Off of Atleos
Current assets
Cash and cash equivalents		2
Accounts receivable, net of allowances		7
Prepaid and other current assets		3
Total current assets		12
Total assets of discontinued operations		12
Current liabilities
Accounts payable		8
Contract liabilities		2
Other current liabilities		2
Total current liabilities		12
Other liabilities		1
Noncurrent liabilities		1
Total liabilities of discontinued operations		$ 13

DERIVATIVES AND HEDGING INSTRUMENTS

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES AND HEDGING INSTRUMENTS

15. DERIVATIVES AND HEDGING INSTRUMENTS

The Company 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.

Interest Rate Risk We manage interest rate risk by managing the amount, sources and duration of debt funding. The Company has historically used interest rate cap agreements or interest rate swap contracts (“Interest Rate Derivatives”) to manage differences in the amount, timing and duration of known or expected cash payments related to its floating rate-debt agreements.

The Company designates Interest Rate Derivative contracts as cash flow hedges of forecasted transactions when they are determined to be highly effective at inception. Payments and receipts related to Interest Rate Derivatives are included in cash flows from operating activities in the Consolidated Statements of Cash Flows.

Foreign Currency Exchange Risk A portion of our operations and revenue occur outside the United States and, as such, the Company has exposure to approximately 25 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 forward and option contracts. We do not enter into hedges for speculative purposes.

Historically, our risk management strategy included 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. If the hedge was designated as a highly effective cash flow hedge, the gains or losses were deferred into accumulated other comprehensive income (“AOCI”). The gains or losses from derivative contracts that were designated as highly effective cash flow hedges related to inventory purchases were recorded in cost of products when the inventory is sold to an unrelated third party. Otherwise, they were recorded in earnings when the exchange rates change. As of December 31, 2025 and 2024, the balance in AOCI related to foreign exchange derivative transactions was zero.

The accounting guidance for derivatives and hedging requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the 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.

As of September 30, 2023, it was determined that the transactions underlying the unrealized gains on terminated interest rate swap agreement for the previous credit facility reported in Accumulated other comprehensive income were probable of not occurring under ASC 815, Derivatives and Hedging. As such, $18 million of unrealized gains were recognized in Interest Expense in the Consolidated Statements of Operations for the year ended December 31, 2023. As of December 31, 2025 and December 31, 2024, the balance in AOCI related to Interest Rate Derivatives was zero.

The following tables provide information on the location and amounts of derivative fair values in the Consolidated Balance Sheets:


	Fair Values of Derivative Instruments
	December 31, 2025
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value




Derivatives not designated as hedging instruments
Foreign exchange contracts	Prepaid and other current assets			$	—	Other current liabilities			$	—
Total derivatives not designated as hedging instruments		$	91	$	—		$	135	$	—
Total derivatives				$	—				$	—

	Fair Values of Derivative Instruments
	December 31, 2024
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value





Derivatives not designated as hedging instruments
Foreign exchange contracts	Prepaid and other current assets			$	—	Other current liabilities			$	—
Total derivatives not designated as hedging instruments		$	89	$	—		$	126	$	—
Total derivatives				$	—				$	—

The effects of derivative instruments on the Consolidated Statements of Operations for the years ended December 31, 2025, 2024, and 2023 were as follows:


In millions		Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in the Consolidated Statements of Operations	For the year ended December 31, 2025		For the year ended December 31, 2024		For the year ended December 31, 2023
Foreign exchange contracts	Other income (expense), net	$	3	$	(8)	$	(8)

Concentration of Credit Risk

The Company 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 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. The Company’s business often involves large transactions with customers, and if one or more of those customers were to default on its obligations under applicable contractual arrangements, the Company could be exposed to potentially significant losses. However, management believes that the reserves for potential losses are adequate. As of December 31, 2025 and 2024, the Company did not have any major concentration of credit risk related to financial instruments.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 185
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-185

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 184
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+ Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated Other Comprehensive Income (“AOCI”) by Component

The changes in AOCI for the years ended December 31 are as follows:


In millions	Currency Translation Adjustments		Changes in Employee Benefit Plans		Changes in Fair Value of Effective Cash Flow Hedges		Total








Balance at December 31, 2022	$	(404)	$	(5)	$	109	$	(300)
Other comprehensive (loss) income before reclassifications	85		(7)		—		78
Amounts reclassified from AOCI	—		(1)		(24)		(25)
Net current period other comprehensive (loss) income	$	85	$	(8)	$	(24)	$	53
Spin-Off of NCR Atleos	(105)		18		(85)		(172)
Balance at December 31, 2023	$	(424)	$	5	$	—	$	(419)
Other comprehensive (loss) income before reclassifications	$	(44)	$	(5)	$	—	$	(49)
Amounts reclassified from AOCI	—		(1)		—		(1)
Net current period other comprehensive (loss) income	$	(44)	$	(6)	$	—	$	(50)
Spin-Off of NCR Atleos	—		—		—		—
Balance at December 31, 2024	$	(468)	$	(1)	$	—	$	(469)
Other comprehensive (loss) income before reclassifications	$	7	$	7	$	—	$	14
Amounts reclassified from AOCI	—		—		—		—
Net current period other comprehensive (loss) income	$	7	$	7	$	—	$	14
Spin-Off of NCR Atleos	16		—		—		16
Balance at December 31, 2025	$	(445)	$	6	$	—	$	(439)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income

The reclassifications out of AOCI for the years ended December 31 2024 and 2023 are as follows:


		For the year ended December 31, 2024
		Employee Benefit Plans
In millions		Actuarial Losses Recognized		Amortization of Prior Service Benefit		Effective Cash Flow Hedges		Total
Affected line in Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	—		(1)		—		(1)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		—		—
	Total before tax	$	—	$	(1)	$	—	$	(1)
	Tax expense							—
	Total reclassifications, net of tax							$	(1)


		For the year ended December 31, 2023
		Employee Benefit Plans
In millions		Actuarial Losses Recognized		Amortization of Prior Service Benefit		Effective Cash Flow Hedges		Total
Affected line in Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	(1)		(1)		—		(2)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(31)		(31)
	Total before tax	$	(1)	$	(1)	$	(31)	$	(33)
	Tax expense							8
	Total reclassifications, net of tax							$	(25)

SUPPLEMENTAL FINANCIAL INFORMATION - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Class of Stock [Line Items]
Finance lease assets	$ 100	$ 81
Property, plant and equipment, gross	807	803
Less: accumulated depreciation	(633)	(611)
Property, plant and equipment, net	174	192
Land and improvements
Class of Stock [Line Items]
Property, plant and equipment	1	2
Buildings and improvements
Class of Stock [Line Items]
Property, plant and equipment	204	227
Machinery and other equipment
Class of Stock [Line Items]
Property, plant and equipment	$ 502	$ 493

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 231	$ 722	$ 256
Short term restricted cash	3	0	2
Long term restricted cash	4	3	0
Cash included in settlement processing assets	5	31	21
Total cash, cash equivalents and restricted cash	243	756	279
Cash, cash equivalents and restricted cash of discontinued operations	0	2	6
Cash, cash equivalents and restricted cash at beginning of period	$ 243	$ 758	$ 285	$ 740

EMPLOYEE BENEFIT PLANS - Schedule of Estimated Future Benefit Payments (Details) $ in Millions	Dec. 31, 2025 USD ($)
Total Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2026	$ 14
2027	14
2028	14
2029	14
2030	13
2031-2035	56
Postemployment Benefits
Defined Benefit Plan Disclosure [Line Items]
2026	19
2027	7
2028	6
2029	6
2030	6
2031-2035	$ 23

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

LEASING

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

LEASING

12. LEASING

The following table presents our lease balances as of December 31:


In millions	Location in the Consolidated Balance Sheet	December 31, 2025		December 31, 2024
Assets
Operating lease assets	Operating lease assets	$	208	$	229
Finance lease assets	Property, plant and equipment, net	100		81
Accumulated Amortization of Finance lease assets	Property, plant and equipment, net	(81)		(70)
Total leased assets		$	227	$	240
Liabilities
Current
Operating lease liabilities	Other current liabilities	$	38	$	40
Finance lease liabilities	Other current liabilities	14		11
Noncurrent
Operating lease liabilities	Operating lease liabilities	226		248
Finance lease liabilities	Other liabilities	5		3
Total lease liabilities		$	283	$	302

The following table presents our lease costs for operating and finance leases:


In millions	For the year ended December 31, 2025		For the year ended December 31, 2024		For the year ended December 31, 2023
Operating lease cost	$	51	$	63	$	72
Finance lease cost
Amortization of leased assets	11		13		13
Interest on lease liabilities	1		1		1

Variable lease cost	19		26		27
Sublease income	(17)		(5)		(3)
Total lease cost	$	65	$	98	$	110

The following table presents the supplemental cash flow information:


In millions	For the year ended December 31, 2025		For the year ended December 31, 2024		For the year ended December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	56	$	66	$	76
Operating cash flows from finance leases	$	1	$	1	$	1
Financing cash flows from finance leases	$	13	$	14	$	14
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	8	$	29	$	16
Finance Leases	$	11	$	2	$	(1)


In millions	Operating Leases	Finance Leases
2026	53	15
2027	50	3
2028	46	2
2029	41	—
2030	41	—
Thereafter	95	—
Total lease payments	326	20
Less: Amount representing interest	62	1
Present value of lease liabilities	264	19

As of December 31, 2025, all material operating leases had commenced.

The following table presents the weighted average remaining lease term and interest rates:


	December 31, 2025		December 31, 2024
Weighted average lease term:
Operating leases	6.8 years		7.6 years
Finance leases	3.2 years		1.5 years
Weighted average interest rates:
Operating leases	6.18	%	6.17	%
Finance leases	5.84	%	3.91	%

LEASING

12. LEASING

The following table presents our lease balances as of December 31:


In millions	Location in the Consolidated Balance Sheet	December 31, 2025		December 31, 2024
Assets
Operating lease assets	Operating lease assets	$	208	$	229
Finance lease assets	Property, plant and equipment, net	100		81
Accumulated Amortization of Finance lease assets	Property, plant and equipment, net	(81)		(70)
Total leased assets		$	227	$	240
Liabilities
Current
Operating lease liabilities	Other current liabilities	$	38	$	40
Finance lease liabilities	Other current liabilities	14		11
Noncurrent
Operating lease liabilities	Operating lease liabilities	226		248
Finance lease liabilities	Other liabilities	5		3
Total lease liabilities		$	283	$	302

The following table presents our lease costs for operating and finance leases:


In millions	For the year ended December 31, 2025		For the year ended December 31, 2024		For the year ended December 31, 2023
Operating lease cost	$	51	$	63	$	72
Finance lease cost
Amortization of leased assets	11		13		13
Interest on lease liabilities	1		1		1

Variable lease cost	19		26		27
Sublease income	(17)		(5)		(3)
Total lease cost	$	65	$	98	$	110

The following table presents the supplemental cash flow information:


In millions	For the year ended December 31, 2025		For the year ended December 31, 2024		For the year ended December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	56	$	66	$	76
Operating cash flows from finance leases	$	1	$	1	$	1
Financing cash flows from finance leases	$	13	$	14	$	14
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	8	$	29	$	16
Finance Leases	$	11	$	2	$	(1)


In millions	Operating Leases	Finance Leases
2026	53	15
2027	50	3
2028	46	2
2029	41	—
2030	41	—
Thereafter	95	—
Total lease payments	326	20
Less: Amount representing interest	62	1
Present value of lease liabilities	264	19

As of December 31, 2025, all material operating leases had commenced.

The following table presents the weighted average remaining lease term and interest rates:


	December 31, 2025		December 31, 2024
Weighted average lease term:
Operating leases	6.8 years		7.6 years
Finance leases	3.2 years		1.5 years
Weighted average interest rates:
Operating leases	6.18	%	6.17	%
Finance leases	5.84	%	3.91	%

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The reconciliation of cash, cash equivalents and restricted cash in the Consolidated Statements of Cash Flows is as follows:


In millions	Balance Sheet Location	December 31, 2025		December 31, 2024		December 31, 2023
Cash and cash equivalents	Cash and cash equivalents	$	231	$	722	$	256
Short term restricted cash	Restricted cash	3		—		2
Long term restricted cash	Other assets	4		3		—

Cash included in settlement processing assets	Restricted cash	5		31		21
Total cash, cash equivalents and restricted cash		$	243	$	756	$	279
Cash, cash equivalents and restricted cash of discontinued operations		—		2		6
Total cash, cash equivalents and restricted cash		$	243	$	758	$	285

Disclosed below is a summary of income taxes paid by jurisdiction for the year ended December 31, 2025, pursuant to the disclosure requirements of ASU 2023-09:


In millions	2025
Income taxes paid by jurisdiction
Federal	$	258
State	31



Foreign	27





Total income taxes paid	$	316

Schedule of Accounts, Notes, Loans and Financing Receivable

The components of accounts receivable are summarized as follows:


In millions	December 31, 2025		December 31, 2024
Accounts receivable
Trade	$	447	$	499
Other	44		59
Accounts receivable, gross	491		558
Less: allowance for credit losses	(21)		(26)
Total accounts receivable, net	$	470	$	532

Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable

The following table presents the net contract asset and contract liability balances:


In millions	Location in the Consolidated Balance Sheet	December 31, 2025		December 31, 2024

Current portion of contract liabilities	Contract liabilities	$	202	$	209
Non-current portion of contract liabilities	Other liabilities	$	12	$	11

Schedule of Capitalized Computer Software

The following table identifies the activity relating to total capitalized software:


In millions	2025		2024		2023
Beginning balance as of January 1	$	302	$	317	$	323
Capitalization	144		130		140
Amortization	(135)		(139)		(136)
Impairment	(2)		(6)		(1)
Capitalized software acquired or disposed of and other adjustments	(7)		—		(9)
Ending balance as of December 31	$	302	$	302	$	317

LEASING - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating cash flows from operating leases	$ 56	$ 66	$ 76
Operating cash flows from finance leases	1	1	1
Financing cash flows from finance leases	13	14	14
Operating Leases	8	29	16
Finance Leases	$ 11	$ 2	$ (1)

GOODWILL AND PURCHASED INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND PURCHASED INTANGIBLE ASSETS

4. GOODWILL AND PURCHASED INTANGIBLE ASSETS

Goodwill by Segment The carrying amounts of goodwill by segment as of December 31, 2025 and 2024 are included in the tables below. Foreign currency fluctuations are included within other adjustments. Additionally, during 2025, the Company divested of a non-strategic business and derecognized $2 million of goodwill, reflected within other adjustments in the Restaurants segment.


	December 31, 2024												December 31, 2025
In millions	Goodwill		Accumulated Impairment		Total		Additions		Impairment		Other		Goodwill		Accumulated Impairment		Total
Retail	$	1,079	$	(34)	$	1,045	$	—	$	—	$	5	$	1,084	$	(34)	$	1,050
Restaurants	494		(23)		471		—		—		(1)		493		(23)		470


Total goodwill	$	1,573	$	(57)	$	1,516	$	—	$	—	$	4	$	1,577	$	(57)	$	1,520

Identifiable Intangible Assets NCR Voyix’s purchased intangible assets, reported in Intangibles, net in the 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 Period (in Years)	December 31, 2025				December 31, 2024
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	322	$	(280)	$	321	$	(268)
Intellectual property	2 - 8	360		(320)		346		(307)

Tradenames	1 - 10	63		(62)		64		(62)
Total identifiable intangible assets		$	745	$	(662)	$	731	$	(637)

Amortization expense related to identifiable intangible assets was $25 million, $28 million, and $41 million for the years ended December 31, 2025, 2024 and 2023, respectively.

The aggregate amortization expense (estimated) for identifiable intangible assets for the following periods is:


		For the years ended December 31 (estimated)
In millions	2026			2027			2028			2029			2030
Amortization expense		$	25		$	21		$	11		$	8		$	7

DEBT OBLIGATIONS - Senior Unsecured Notes (Details) - USD ($) $ in Millions						12 Months Ended
	Apr. 15, 2026	Apr. 15, 2025	Sep. 30, 2024	Apr. 15, 2024	Aug. 20, 2020	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Apr. 06, 2021
Line of Credit Facility [Line Items]
Long-term debt						$ 1,100	$ 1,098
Debt instrument, redemption, principal amount redeemed			$ 1,200
Gain on extinguishment of debt			8			0	8	$ (46)
Debt instrument, unamortized discount			18
Write off of deferred debt issuance cost			10
Debt instrument, fair value disclosure						1,090	1,060
5.000% and 5.250% Senior Notes \| Prior to October 1, 2025
Line of Credit Facility [Line Items]
Debt instrument redemption price as percentage of principle amount (as percent)					100.00%
5.000% Senior Notes due 2028
Line of Credit Facility [Line Items]
Long-term debt					$ 650	$ 650	$ 650
Interest rate, stated percentage (as percent)					5.00%	5.00%	5.00%
5.000% Senior Notes due 2028 \| Twelve Month Period Commencing October 1, 2024
Line of Credit Facility [Line Items]
Debt instrument redemption price as percentage of principle amount (as percent)					101.25%
5.250% Senior Notes due 2030
Line of Credit Facility [Line Items]
Long-term debt					$ 450	$ 52	$ 52
Interest rate, stated percentage (as percent)					5.25%	5.25%	5.25%
Debt instrument, redemption, principal amount redeemed			398
5.250% Senior Notes due 2030 \| Twelve Month Period Commencing October 1, 2028
Line of Credit Facility [Line Items]
Debt instrument redemption price as percentage of principle amount (as percent)					100.00%
5.250% Senior Notes due 2030 \| Twelve month period commencing on October 1, 2025
Line of Credit Facility [Line Items]
Debt instrument redemption price as percentage of principle amount (as percent)					102.625%
5.250% Senior Notes due 2030 \| Twelve Month Period Commencing October 1, 2026
Line of Credit Facility [Line Items]
Debt instrument redemption price as percentage of principle amount (as percent)					101.75%
5.250% Senior Notes due 2030 \| Twelve Month Period Commencing October 1, 2027
Line of Credit Facility [Line Items]
Debt instrument redemption price as percentage of principle amount (as percent)					100.875%
5.125% Senior Notes due 2029
Line of Credit Facility [Line Items]
Interest rate, stated percentage (as percent)									5.125%
Long-term debt, gross									$ 1,200
5.125% Senior Notes due 2029 \| On or after April 15; redeemed in 2024
Line of Credit Facility [Line Items]
Debt instrument redemption price as percentage of principle amount (as percent)				102.563%
5.125% Senior Notes due 2029 \| On or after April 15; redeemed in 2025
Line of Credit Facility [Line Items]
Debt instrument redemption price as percentage of principle amount (as percent)		101.281%
5.125% Senior Notes due 2029 \| On or after April 15; redeemed in 2026 and thereafter \| Forecast
Line of Credit Facility [Line Items]
Debt instrument redemption price as percentage of principle amount (as percent)	100.00%
5.125% Senior Notes due 2029
Line of Credit Facility [Line Items]
Long-term debt						$ 403	$ 403
Interest rate, stated percentage (as percent)						5.125%	5.125%
Debt instrument, redemption, principal amount redeemed			$ 797

EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($)	12 Months Ended
EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Annual contribution to costs, percent (as percent)	50.00%
Expected amortization, next fiscal year	$ 1,000,000
Total Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Company contributions	14,000,000	$ 12,000,000
Projected benefit obligation	145,000,000	142,000,000
Accumulated benefit obligation	145,000,000	141,000,000
Plan assets	0	$ 0
Expected future employer contributions, next fiscal year	$ 14,000,000
U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Weighted-average interest crediting rate (as percent)	2.10%	1.50%
Defined Contribution, U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, cost	$ 17,000,000	$ 21,000,000	$ 22,000,000
Defined Contribution, all Other Plans
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, cost	15,000,000	14,000,000	$ 11,000,000
Postemployment Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected future employer contributions, next fiscal year	19,000,000
NCR Atleos Corporation
Defined Benefit Plan Disclosure [Line Items]
Employer contribution threshold	40,000,000
Company contributions		$ 1,000,000
Expected company contributions, current fiscal year	$ 1,000,000

EMPLOYEE BENEFIT PLANS - Schedule of Reconciliation of Funded Status (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Amounts recognized in the Consolidated Balance Sheets
Noncurrent assets	$ 50	$ 47
Amounts recognized in accumulated other comprehensive loss
Amortization of prior service cost	0	(1)	$ (1)
Postemployment Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Funded Status	51	55
Amounts recognized in the Consolidated Balance Sheets
Current liabilities	(19)	(14)
Noncurrent liabilities	(32)	(41)
Net amounts recognized	51	55
Amounts recognized in accumulated other comprehensive loss
Net actuarial (gain) loss	(8)	7
Amortization of prior service cost	0	1
Total	(8)	8
Total Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Funded Status	(98)	(104)
Amounts recognized in the Consolidated Balance Sheets
Noncurrent assets	50	47
Current liabilities	(12)	(11)
Noncurrent liabilities	(136)	(140)
Net amounts recognized	$ (98)	$ (104)

BUSINESS COMBINATIONS AND DIVESTITURES (Details) $ in Millions	Oct. 19, 2023 USD ($)
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]
Proceeds from divestiture, net	$ 82

TRADE RECEIVABLES FACILITY (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Sep. 01, 2024	Aug. 30, 2024
Receivables [Abstract]
Accounts receivable sales agreement amount			$ 252,000,000	$ 300,000,000
Trade receivables securitization facility, collateral at period end	$ 0	$ 0

GOODWILL AND PURCHASED INTANGIBLE ASSETS - Schedule of Acquired Intangibles (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Intangible Asset, Acquired, Finite-Lived [Line Items]
Gross Carrying Amount	$ 745	$ 731
Accumulated Amortization	(662)	(637)
Reseller & customer relationships
Intangible Asset, Acquired, Finite-Lived [Line Items]
Gross Carrying Amount	322	321
Accumulated Amortization	(280)	(268)
Intellectual property
Intangible Asset, Acquired, Finite-Lived [Line Items]
Gross Carrying Amount	360	346
Accumulated Amortization	(320)	(307)
Tradenames
Intangible Asset, Acquired, Finite-Lived [Line Items]
Gross Carrying Amount	63	64
Accumulated Amortization	$ (62)	$ (62)
Minimum \| Reseller & customer relationships
Intangible Asset, Acquired, Finite-Lived [Line Items]
Amortization Period (in Years)	1 year	1 year
Minimum \| Intellectual property
Intangible Asset, Acquired, Finite-Lived [Line Items]
Amortization Period (in Years)	2 years	2 years
Minimum \| Tradenames
Intangible Asset, Acquired, Finite-Lived [Line Items]
Amortization Period (in Years)	1 year	1 year
Maximum \| Reseller & customer relationships
Intangible Asset, Acquired, Finite-Lived [Line Items]
Amortization Period (in Years)	20 years	20 years
Maximum \| Intellectual property
Intangible Asset, Acquired, Finite-Lived [Line Items]
Amortization Period (in Years)	8 years	8 years
Maximum \| Tradenames
Intangible Asset, Acquired, Finite-Lived [Line Items]
Amortization Period (in Years)	10 years	10 years

GOODWILL AND PURCHASED INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 25	$ 28	$ 41

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

+ References

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-Name Accounting Standards Codification
-Section 45
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-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

+ Details

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Auditor Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Atlanta, Georgia
Auditor Firm ID	238

SEGMENT INFORMATION AND CONCENTRATIONS - Schedule of Revenue and Operating Income By Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Revenue by Segment	$ 2,687	$ 2,818	$ 3,166
Operating Segments
Segment Reporting Information [Line Items]
Revenue by Segment	2,660	2,781	3,063
Segment Adjusted EBITDA	617	634	608
Operating Segments \| Retail
Segment Reporting Information [Line Items]
Revenue by Segment	1,842	1,956	2,177
Cost of Revenue	1,277	1,378	1,548
Other segment items	215	195	218
Segment Adjusted EBITDA	350	383	411
Operating Segments \| Restaurants
Segment Reporting Information [Line Items]
Revenue by Segment	818	825	886
Cost of Revenue	418	426	519
Other segment items	133	148	170
Segment Adjusted EBITDA	267	251	197
Other
Segment Reporting Information [Line Items]
Revenue by Segment	$ 27	$ 37	$ 103

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

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INCOME TAXES - Schedule of Components of Income Tax (Benefit) Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current
Federal	$ (89)	$ (9)	$ 26
State	(3)	2	0
Foreign	18	26	31
Deferred
Federal	1	(19)	(48)
State	(4)	1	(3)
Foreign	4	3	178
Total income tax expense (benefit)	$ (73)	$ 4	$ 184

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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+ Details

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 62	$ 957	$ (428)
Currency translation adjustments
Currency translation adjustments gain (loss)	7	(45)	85
Derivatives
Unrealized gain (loss) on derivatives	0	0	0
Loss (gain) on derivatives arising during the period	0	0	(31)
Less income tax benefit (expense)	0	0	7
Employee benefit plans
Prior service benefit	0	0	0
Amortization of prior service cost	0	(1)	(1)
Net gain (loss) arising during the period	8	(7)	(9)
Amortization of actuarial (loss) gain	0	0	(1)
Less income tax benefit (expense)	(1)	2	3
Other comprehensive income (loss)	14	(51)	53
Total comprehensive income (loss)	76	906	(375)
Less comprehensive income (loss) attributable to noncontrolling interests:
Net income	0	(1)	0
Currency translation adjustments	0	(1)	0
Amounts attributable to noncontrolling interests	0	(2)	0
Comprehensive income (loss) attributable to NCR Voyix common stockholders	$ 76	$ 908	$ (375)

TRADE RECEIVABLES FACILITY	12 Months Ended
TRADE RECEIVABLES FACILITY	Dec. 31, 2025
Receivables [Abstract]
TRADE RECEIVABLES FACILITY	7. TRADE RECEIVABLES FACILITY Prior to September 30, 2024, the Company maintained a trade receivables facility (the “T/R Facility”) pursuant to which a wholly-owned, bankruptcy-remote subsidiary of the Company (the “U.S. SPE”) and a wholly-owned, bankruptcy remote subsidiary of a Canadian affiliate of the Company (the “Canadian SPE,” and together with the U.S. SPE, the “SPEs”) continuously acquired all of the trade receivables originated by the Company and the Canadian affiliate (and certain other affiliates from time to time party to the T/R Facility). The SPEs in turn either sold or pledged those trade receivables to unaffiliated purchasers party to the T/R Facility (the “Purchasers”). On September 1, 2024, the Company voluntarily repaid a portion of the amounts outstanding under the T/R Facility to reduce the commitment of the Purchasers from $300 million to $252 million and to reacquire all outstanding trade receivables related to the Digital Banking business. On September 30, 2024, the Company used a portion of the proceeds from the Digital Banking Sale to voluntarily pay all remaining amounts outstanding under the T/R Facility. In connection with the payment of such amounts, the Company terminated the T/R Facility and reacquired all of the outstanding trade receivables that had previously been sold by it (and by its affiliates then party to the T/R Facility) to the SPEs (including any outstanding trade receivables that had been further sold on to the Purchasers) and these amounts are included in Accounts receivable, net in the Company’s Consolidated Balance Sheets. As the T/R Facility was terminated as of September 30, 2024, the outstanding balance sold to the Purchasers and derecognized by the U.S. SPE was zero as of December 31, 2025 and December 31, 2024. Prior to the termination of the T/R Facility, the total outstanding balance of trade receivables sold to the Purchasers could be up to $252 million (or prior to September 1, 2024, up to $300 million) at any one time, which represented the maximum purchase commitment from the Purchasers. The actual outstanding balance of trade receivables that were sold varied based on the level of activity and other factors and could be less than the maximum purchase commitment. Cash activity related to the termination of the T/R Facility is reflected in Net cash provided by investing activities in the Consolidated Statements of Cash Flows. Prior to the termination of the T/R Facility, continuous cash activity was reflected in Net cash provided by operating activities. The U.S. SPE incurred fees under the T/R Facility, including fees due and payable to the Purchasers. Those fees, which are immaterial, are recorded within Other income (expense), net in the Consolidated Statements of Operations. In addition, each of the SPEs had 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 was secured by all the trade receivables owned by each of the SPEs that had not been sold to the Purchasers. The reserve recognized for this recourse obligation historically was not material.

DERIVATIVES AND HEDGING INSTRUMENTS - Schedule of Gain (Loss) on Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Other (Expense) Income, Net \| Foreign exchange contracts
Derivative [Line Items]
Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations	$ 3	$ (8)	$ (8)

INCOME TAXES - Schedule of Deferred Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Deferred income tax assets
Employee pensions and other benefits	$ 8	$ 15
Other balance sheet reserves and allowances	88	104
Tax loss and credit carryforwards	191	155
Capitalized research and development	90	78
Property, plant and equipment	2	1
Lease liabilities	51	54
Capitalized software	37	50
Partnership deferred	21	0
Other	8	16
Total deferred income tax assets	496	473
Valuation allowance	(181)	(153)
Net deferred income tax assets	315	320
Deferred income tax liabilities
Intangibles	85	82
Right of use assets	54	57
Total deferred income tax liabilities	139	139
Total net deferred income tax assets	$ 176	$ 181

STOCK COMPENSATION PLANS - Composition of Restricted Stock Units (Details) - $ / shares shares in Thousands			12 Months Ended
	Feb. 13, 2023	Dec. 21, 2022	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share)	$ 35.04	$ 29.66		$ 12.97	$ 16.25
Service-based units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units (in shares)			3,241
Weighted Average Grant Date Fair Value (in dollars per share)			$ 10.52
Performance-based units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units (in shares)			762
Weighted Average Grant Date Fair Value (in dollars per share)			$ 11.49
Total restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units (in shares)			4,003
Weighted Average Grant Date Fair Value (in dollars per share)			$ 10.70

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

SEGMENT INFORMATION AND CONCENTRATIONS

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION AND CONCENTRATIONS

5. SEGMENT INFORMATION AND CONCENTRATIONS

Subsequent to the Digital Banking Sale and the Spin-Off, as described in Note 1, “Basis of Presentation and Significant Accounting Policies”, the Company manages and reports the following segments:

•Retail - Our Retail segment primarily serves enterprise and mid-market retailers in the convenience, fuel & retail; grocery, drug & mass merchandise; and department & specialty retail industries. Our retail solutions provide end-to-end connectivity to a customer’s operations, including, but not limited to the following operational activities, point-of-sale (“POS”), payments, inventory management, fraud and loss prevention, loyalty and consumer engagement. Additionally, these solutions include open application program interface (“API”) connectivity to retail software platforms and applications, hardware terminals, self-service kiosks, including self-checkout (“SCO”), payment processing and merchant acquiring solutions and barcode scanners.

•Restaurants - Our Restaurants segment is focused on serving restaurants and food service establishments including quick-service, table-service and fast casual restaurants of all sizes. Our restaurant solutions include, among others, POS hardware and software solutions, payment processing and merchant acquiring services, installation, maintenance, and managed and professional services. These solutions are designed to help streamline order and transaction processing, increase consumer engagement, increase kitchen productivity and reduce operating costs.

Corporate and Other includes income and expenses related to corporate functions that are not specifically attributable to any of our two individual reportable segments. In addition, Corporate and Other includes certain non-strategic businesses that are considered immaterial operating segment(s), as well as commercial agreements with NCR Atleos.

These segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the chief operating decision maker (“CODM”), the CEO. The CODM considers the budget-to-actual and forecast-to-actual variances for revenue and segment Adjusted EBITDA on a periodic basis in assessing segment performance and in allocating the Company’s resources. Adjusted EBITDA is defined as GAAP net income (loss) from continuing operations attributable to NCR Voyix plus interest expense, net; plus income tax expense (benefit); plus depreciation and amortization (excluding acquisition-related amortization of intangibles); plus stock-based compensation expense; plus pension mark-to-market adjustments and other special items, including amortization of acquisition-related intangibles, acquisition-related costs, loss (gain) on disposal of businesses, loss (gain) on extinguishment of debt, separation-related costs, cyber ransomware incident recovery costs net of insurance recoveries, fraudulent ACH disbursements costs net of recoveries, foreign currency devaluation, transformation and restructuring charges (which includes integration, severance and other exit and

disposal costs), strategic initiative costs and litigation costs, among others. The special items are considered non-operational or non-recurring in nature, so are excluded from the Adjusted EBITDA metric utilized by our chief operating decision maker in evaluating segment performance and are separately delineated to reconcile back to total reported GAAP net income (loss) from continuing operations attributable to the Company.

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 consolidated financial statements as a whole. Intersegment sales and transfers are not material.

The following table presents summarized financial information for the Company’s reportable segments for the year ended December 31, 2025:


In millions	Retail		Restaurants		Total
Revenue by Segment	$	1,842	$	818	$	2,660
Other					27
Total Revenue					$	2,687
Cost of Revenue	1,277		418
Other segment items(1)	215		133
Segment Adjusted EBITDA	$	350	$	267	$	617

The following table presents summarized financial information for the Company’s reportable segments for the year ended December 31, 2024:


In millions	Retail		Restaurants		Total
Revenue by Segment	$	1,956	$	825	$	2,781
Other					37
Total Revenue					$	2,818
Cost of Revenue	1,378		426
Other segment items(1)	195		148
Segment Adjusted EBITDA	$	383	$	251	$	634

The following table presents summarized financial information for the Company’s reportable segments for the year ended December 31, 2023:


In millions	Retail		Restaurants		Total
Revenue by Segment	$	2,177	$	886	$	3,063
Other					103
Total Revenue					$	3,166
Cost of Revenue	1,548		519
Other segment items(1)	218		170
Segment Adjusted EBITDA	$	411	$	197	$	608

(1) Other segment items primarily includes selling, general and administrative expenses and research and development expenses.

The following table reconciles Segment Adjusted EBITDA to Net income (loss) from continuing operations attributable to NCR Voyix:


In millions	2025		2024		2023
Segment Adjusted EBITDA	$	617	$	634	$	608
Corporate and other income and expenses not allocated to segments	192		286		275
Depreciation and amortization	199		206		190
Acquisition-related amortization of intangibles	25		28		41
Interest expense(1)	60		134		294
Interest income	(8)		(9)		(12)
Acquisition-related costs(2)	—		—		1
Loss (gain) on debt extinguishment	—		(8)		46
Income tax expense (benefit)	(73)		4		184
Stock-based compensation expense	34		40		140
Pension mark-to-market adjustments	(13)		(12)		7
Transformation and restructuring costs(3)	124		125		28
Separation costs(4)	—		10		95
Loss (gain) on disposal of businesses	(3)		(14)		12
Foreign currency devaluation(5)	—		15		—
Fraudulent ACH disbursements(6)	—		(5)		23
Cyber ransomware incident recovery costs(7)	—		(13)		17
Strategic initiatives(8)	16		48		—
Litigation costs(9)	22		—		—
Net income (loss) from continuing operations attributable to NCR Voyix	$	42	$	(201)	$	(733)

(1) During the three months ended September 30, 2023, it was determined that the transactions underlying the unrealized gains on terminated interest rate swap and cap agreements reported in Accumulated other comprehensive income were probable of not occurring under ASC 815, Derivatives and Hedging. As such, $18 million of unrealized gains were recognized in Interest expense. Refer to Note 15, “Derivatives and Hedging Instruments”.

(2) Represents professional fees, retention bonuses, and other costs incurred related to acquisitions, which are considered non-operational in nature.

(3) Represents integration, severance, and other exit and disposal costs, which are considered non-operational in nature. Included in transformation and restructuring costs for the year ended December 31, 2025 was a gain of $10 million related to the sale of property, plant and equipment.

(4) Represents costs incurred as a result of the Spin-Off. Professional fees to effect the Spin-Off including separation management, organizational design, and legal fees have been classified within discontinued operations through October 16, 2023, the separation date.

(5) Represents gains and losses recognized during the year due to changes in valuation of the Lebanese pound and the Egyptian pound.

(6) Represents company identified fraudulent ACH disbursements from a company bank account. Additional details regarding this item are discussed in Note 1, “Basis of Presentation and Significant Accounting Policies”.

(7) Represents expenses to respond to, remediate and investigate the April 13, 2023 cyber ransomware incident net of insurance recoveries, which is considered a nonrecurring special item. Additional details regarding this cyber ransomware incident are discussed in Note 1, “Basis of Presentation and Significant Accounting Policies”.

(8) Represents professional fees related to strategic initiatives which are considered non-operational in nature, as well as certain costs incurred related to the Hardware Business transition.

(9) Represents costs related to a certain litigation matter, net of expected indemnity recoveries from NCR Atleos, as discussed in Note 11, “Commitments and Contingencies”.

The following table presents recurring revenue and all other products and services that is recognized at a point in time for the Company for the years ended December 31:


In millions	2025		2024		2023
Recurring revenue(1)	$	1,676	$	1,629	$	1,612
All other products and services	1,011		1,189		1,554
Total revenue	$	2,687	$	2,818	$	3,166

(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, SaaS solutions revenue, payment processing 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 the Company for the years ended December 31:



In millions	2025		%		2024		%		2023		%

United States	$	1,641	61	%	$	1,706	61	%	$	2,056	65	%
Americas (excluding United States)	188		7	%	239		8	%	230		7	%

Europe, Middle East and Africa	587		22	%	566		20	%	531		17	%
Asia Pacific	271		10	%	307		11	%	349		11	%

Total revenue	$	2,687	100	%	$	2,818	100	%	$	3,166	100	%

The following table presents property, plant and equipment by geographic area as of December 31:


In millions	2025		2024
Property, plant and equipment, net
United States	$	141	$	160
Americas (excluding United States)	3		2
Europe, Middle East and Africa	22		24
Asia Pacific	8		6
Consolidated property, plant and equipment, net	$	174	$	192

Concentrations One customer accounted for approximately 12%, 13% and 16% of our consolidated operating revenues during the years ended December 31, 2025, 2024 and 2023 respectively, and is included in our Retail segment. As of December 31, 2025, 2024 and 2023, the Company is not aware of any other significant concentration of business transacted with a particular customer that could, if suddenly eliminated, have a material adverse effect on the Company’s operations. NCR Voyix does not have a concentration of available sources of labor, services, licenses or other rights that could, if suddenly eliminated, have a material adverse effect on its operations.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

LEASING - Schedule of Lease Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease cost	$ 51	$ 63	$ 72
Amortization of leased assets	11	13	13
Interest on lease liabilities	1	1	1
Variable lease cost	19	26	27
Sublease income	(17)	(5)	(3)
Total lease cost	$ 65	$ 98	$ 110

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

EARNINGS PER SHARE

14. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is calculated by dividing net income or loss attributable to NCR Voyix, less any dividends (declared or cumulative undeclared), deemed dividends, accretion or decretion, redemption or induced conversion on our Series A Convertible Preferred Stock, 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 numerator used in the basic EPS computation, subject to anti-dilution requirements, to add back the dividends (declared or cumulative undeclared) applicable to the Series A Convertible Preferred Stock. Such add-back would also include any adjustments to equity in the period to accrete the Series A Convertible Preferred Stock to its redemption price, or recorded upon a redemption or induced conversion. We adjust the denominator used in the basic EPS computation, subject to anti-dilution requirements, to include the dilution from potential shares resulting from the issuance of the Series A Convertible Preferred Stock, restricted stock units, and stock options.

The holders of Series A Convertible Preferred Stock, unvested restricted stock units and stock options do not have non-forfeitable rights to common stock dividends or common stock dividend equivalents. Accordingly, the Series A Convertible Preferred Stock, unvested restricted stock units and stock options do not qualify as participating securities. See Note 9, “Stock Compensation Plans”, for share information on NCR Voyix’s stock compensation plans.

The components of basic earnings (loss) per share are as follows:


In millions, except per share amounts	Year ended December 31
	2025		2024		2023
Numerator:
Income (loss) from continuing operations	$	42	$	(201)	$	(733)
Series A convertible preferred stock dividends	(20)		(15)		(16)
Net income (loss) from continuing operations attributable to NCR Voyix common stockholders	22		(216)		(749)
Income (loss) from discontinued operations, net of tax	20		1,159		305
Net income (loss) attributable to NCR Voyix common stockholders	$	42	$	943	$	(444)

Denominator:
Basic weighted average number of shares outstanding	138.6		144.7		140.6

Basic earnings (loss) per share:
From continuing operations	$	0.16	$	(1.49)	$	(5.33)
From discontinued operations	0.14		8.01		2.17
Total basic earnings per share	$	0.30	$	6.52	$	(3.16)

The components of diluted earnings (loss) per share are as follows:


In millions, except per share amounts	Year ended December 31
	2025		2024		2023
Numerator:
Income (loss) from continuing operations	$	42	$	(201)	$	(733)
Series A convertible preferred stock dividends	(20)		(15)		(16)
Net income (loss) from continuing operations attributable to NCR Voyix common stockholders	22		(216)		(749)
Income (loss) from discontinued operations, net of tax	20		1,159		305
Net income (loss) attributable to NCR Voyix common stockholders	$	42	$	943	$	(444)

Denominator:
Basic weighted average number of shares outstanding	138.6		144.7		140.6

Dilutive effect of employee stock options and restricted stock units	2.5		—		—
Weighted average diluted shares	141.1		144.7		140.6

Diluted earnings (loss) per share:
From continuing operations	$	0.16	$	(1.49)	$	(5.33)
From discontinued operations	0.14		8.01		2.17
Total diluted earnings per share	$	0.30	$	6.52	$	(3.16)

For 2025, the weighted average outstanding shares of common stock were not adjusted by 15.3 million for the as-if converted Series A Convertible Preferred Stock because the effect would be anti-dilutive. Additionally, for 2025, weighted average restricted stock units and stock options of 5.4 million were excluded from the diluted share count because their effect would have been anti-dilutive. Refer to Note 13, “Series A Convertible Preferred Stock”, for additional discussion related to the transaction impacting the Series A Convertible Preferred Stock.

For 2024, due to the net loss from continuing operations attributable to NCR Voyix common stockholders, potential common shares that would cause dilution, such as Series A Convertible Preferred Stock, restricted stock units and stock options, were

excluded from the diluted share count because their effect would have been anti-dilutive. The weighted average outstanding shares of common stock were not adjusted by 15.9 million for the as-if converted Series A Convertible Preferred Stock because the effect would be anti-dilutive. Additionally, for 2024, weighted average restricted stock units and stock options of 10.1 million were excluded from the diluted share count because their effect would have been anti-dilutive.

For 2023, due to the net loss from continuing operations attributable to NCR Voyix common stockholders, potential common shares that would cause dilution, such as Series A Convertible Preferred Stock, restricted stock units and stock options, were excluded from the diluted share count because their effect would have been anti-dilutive. The weighted average outstanding shares of common stock were not adjusted by 10.6 million for the as-if converted Series A Convertible Preferred Stock because the effect would have been anti-dilutive. Additionally, for 2023, weighted average restricted stock units and stock options of 12.1 million were excluded from the diluted share count because their effect would have been anti-dilutive.

SEGMENT INFORMATION AND CONCENTRATIONS - Schedule of Geographic Area (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by Segment	$ 2,687	$ 2,818	$ 3,166
Percentage of revenues by geographic area	100.00%	100.00%	100.00%
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by Segment	$ 1,641	$ 1,706	$ 2,056
Percentage of revenues by geographic area	61.00%	61.00%	65.00%
Americas (excluding United States)
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by Segment	$ 188	$ 239	$ 230
Percentage of revenues by geographic area	7.00%	8.00%	7.00%
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by Segment	$ 587	$ 566	$ 531
Percentage of revenues by geographic area	22.00%	20.00%	17.00%
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by Segment	$ 271	$ 307	$ 349
Percentage of revenues by geographic area	10.00%	11.00%	11.00%

- Definition

+ References

+ Details

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Schedule of Changes in Projected Benefit Obligations

Reconciliation of the beginning and ending balances of the benefit obligations for the Company’s pension plans are as follows:


	International Pension Benefits
In millions		2025		2024
Change in benefit obligation
Benefit obligation as of January 1		$	162	$	192
Net service cost		1		1
Interest cost		5		5

Actuarial (gain) loss		(6)		(10)
Benefits paid		(14)		(11)
Settlements		(2)		(3)

Currency translation adjustments		18		(12)

Benefit obligation as of December 31		$	164	$	162
Accumulated benefit obligation as of December 31		$	163	$	161

Reconciliation of the beginning and ending balances of the benefit obligation for the Company’s postemployment plan was:


	Postemployment Benefits
In millions	2025		2024
Change in benefit obligation
Benefit obligation as of January 1	$	55	$	65

Service cost	36		36
Interest cost	1		2

Benefits paid	(33)		(55)


Actuarial (gain) loss	(8)		7
Benefit obligation as of December 31	$	51	$	55

Schedule of Changes in Fair Value of Plan Assets

A reconciliation of the beginning and ending balances of the fair value of the plan assets of the Company’s pension plans are as follows:


	International Pension Benefits
In millions		2025		2024
Change in plan assets
Fair value of plan assets as of January 1		$	58	$	56
Actual return on plan assets		10		9
Company contributions		14		12
Benefits paid		(14)		(11)
Settlement		(2)		(3)
Currency translation adjustments		—		(5)

Fair value of plan assets as of December 31		$	66	$	58

Schedule of Net Benefit Costs and Amounts Recognized in Balance Sheet

The following table presents the funded status and the reconciliation of the funded status to amounts recognized in the Consolidated Balance Sheets and in Accumulated other comprehensive loss as of December 31:


	International Pension Benefits
In millions		2025		2024
Funded Status		$	(98)	$	(104)
Amounts recognized in the Consolidated Balance Sheets
Noncurrent assets		$	50	$	47
Current liabilities		(12)		(11)
Noncurrent liabilities		(136)		(140)
Net amounts recognized		$	(98)	$	(104)

The following table presents the funded status and the reconciliation of the unfunded status to amounts recognized in the Consolidated Balance Sheets and in Accumulated other comprehensive loss at December 31:


	Postemployment Benefits
In millions	2025		2024
Benefit obligation	$	51	$	55
Amounts recognized in the Consolidated Balance Sheets
Current liabilities	$	19	$	14
Noncurrent liabilities	32		41
Net amounts recognized	$	51	$	55
Amounts recognized in Accumulated other comprehensive loss
Net actuarial (gain) loss	$	(8)	$	7

Amortization of prior service cost	—		1
Total	$	(8)	$	8

Schedule of Net Benefit Costs

The net periodic benefit (income) cost of the pension plans for the years ended December 31 was as follows:


In millions	International Pension Benefits
		2025		2024		2023
Net service cost		$	1	$	1	$	2
Interest cost		5		5		6
Expected return on plan assets		(3)		(2)		(2)



Actuarial (gain) loss		(13)		(12)		7
Net periodic benefit (income) cost		$	(10)	$	(8)	$	13

The net periodic benefit cost of the postemployment plan for the years ended December 31 was:


In millions	Postemployment Benefits
	2025		2024		2023
Service cost	$	36	36		15
Interest cost	1		2		2
Amortization of:
Prior service benefit	—		(1)		(1)
Actuarial gain	—		—		(1)
Net periodic benefit cost	$	37	$	37	$	15

Schedule of Defined Benefit Plan, Assumptions

The weighted average rates and assumptions used to determine benefit obligations as of December 31 were as follows:


	International Pension Benefits
		2025		2024
Discount rate		3.8	%	3.2	%
Rate of compensation increase		2.9	%	2.5	%

The weighted average rates and assumptions used to determine net periodic benefit (income) cost for the years ended December 31 were as follows:


	International Pension Benefits
		2025		2024		2023
Discount rate - Service Cost		2.5	%	2.0	%	1.8	%
Discount rate - Interest Cost		3.0	%	3.0	%	3.4	%
Expected return on plan assets		5.0	%	5.0	%	5.0	%
Rate of compensation increase		2.5	%	2.5	%	1.0	%

The weighted average assumptions utilized in accounting for postemployment benefit obligations as of December 31 and for postemployment benefit costs for the years ended December 31 were:


	Postemployment Benefit Obligations				Postemployment Benefit Costs
	2025		2024		2025		2024		2023
Discount rate for severance plan	4.2	%	3.9	%	3.9	%	4.1	%	5.1	%

Salary increase rate	4.0	%	3.5	%	3.5	%	3.4	%	3.1	%
Involuntary turnover rate	3.8	%	3.8	%	3.8	%	3.8	%	3.8	%

Schedule of Allocation of Plan Assets

The weighted average asset allocations as of December 31, 2025 and 2024 by asset category are as follows:


	International Pension Fund
		Actual Allocation of Plan Assets as of December 31					Target Asset Allocation
			2025			2024
Equity and other investments(1)				71	%		66	%	58.0%
Debt securities(2)				29	%		33	%	42.0%

Other				—	%		1	%	—%
Total				100	%		100	%

(1) Includes equity securities and equities held in commingled trusts.

(2) Includes debt securities and debt held in commingled trusts.

The fair value of plan assets as of December 31, 2025 and 2024 by asset category is as follows:


		International
In millions	Notes		Fair Value as of December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Not Subject to Leveling
Assets
Equity securities and other investments:

Common and commingled trusts - Equities	1		$	40	$	—	$	—	$	—	$	40
Fixed income securities:


Common and commingled trusts - Bonds	1		26		—		—		—		26











Total			$	66	$	—	$	—	$	—	$	66


		International
In millions	Notes		Fair Value as of December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Not Subject to Leveling
Assets
Equity securities and other investments:

Common and commingled trusts - Equities	1		$	39	$	—	$	—	$	—	$	39
Fixed income securities:


Common and commingled trusts - Bonds	1		19		—		—		—		19











Total			$	58	$	—	$	—	$	—	$	58

Notes:

1.Common/collective trusts and registered investment companies (RICs) such as mutual funds are valued using a Net Asset Value (NAV) provided by the manager of each fund. The NAV is based on the underlying net assets owned by the fund, divided by the number of shares or units outstanding. The fair value of the underlying securities within the fund, which are generally traded on an active market, are valued at the closing price reported on the active market on which those individual securities are traded. For investments not traded on an active market, or for which a quoted price is not publicly available, a variety of unobservable valuation methodologies, including discounted cash flow, market multiple and cost valuation approaches, are employed by the fund manager or independent third party to value investments.

Schedule of Expected Benefit Payments

The Company expects to make the following benefit payments reflecting past and future service from its pension and postemployment plans:


In millions	International Pension Benefits		Postemployment Benefits
Year
2026	$	14	$	19
2027	$	14	$	7
2028	$	14	$	6
2029	$	14	$	6
2030	$	13	$	6
2031-2035	$	56	$	23

SEGMENT INFORMATION AND CONCENTRATIONS (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents summarized financial information for the Company’s reportable segments for the year ended December 31, 2025:


In millions	Retail		Restaurants		Total
Revenue by Segment	$	1,842	$	818	$	2,660
Other					27
Total Revenue					$	2,687
Cost of Revenue	1,277		418
Other segment items(1)	215		133
Segment Adjusted EBITDA	$	350	$	267	$	617

The following table presents summarized financial information for the Company’s reportable segments for the year ended December 31, 2024:


In millions	Retail		Restaurants		Total
Revenue by Segment	$	1,956	$	825	$	2,781
Other					37
Total Revenue					$	2,818
Cost of Revenue	1,378		426
Other segment items(1)	195		148
Segment Adjusted EBITDA	$	383	$	251	$	634

The following table presents summarized financial information for the Company’s reportable segments for the year ended December 31, 2023:


In millions	Retail		Restaurants		Total
Revenue by Segment	$	2,177	$	886	$	3,063
Other					103
Total Revenue					$	3,166
Cost of Revenue	1,548		519
Other segment items(1)	218		170
Segment Adjusted EBITDA	$	411	$	197	$	608

(1) Other segment items primarily includes selling, general and administrative expenses and research and development expenses.

The following table reconciles Segment Adjusted EBITDA to Net income (loss) from continuing operations attributable to NCR Voyix:


In millions	2025		2024		2023
Segment Adjusted EBITDA	$	617	$	634	$	608
Corporate and other income and expenses not allocated to segments	192		286		275
Depreciation and amortization	199		206		190
Acquisition-related amortization of intangibles	25		28		41
Interest expense(1)	60		134		294
Interest income	(8)		(9)		(12)
Acquisition-related costs(2)	—		—		1
Loss (gain) on debt extinguishment	—		(8)		46
Income tax expense (benefit)	(73)		4		184
Stock-based compensation expense	34		40		140
Pension mark-to-market adjustments	(13)		(12)		7
Transformation and restructuring costs(3)	124		125		28
Separation costs(4)	—		10		95
Loss (gain) on disposal of businesses	(3)		(14)		12
Foreign currency devaluation(5)	—		15		—
Fraudulent ACH disbursements(6)	—		(5)		23
Cyber ransomware incident recovery costs(7)	—		(13)		17
Strategic initiatives(8)	16		48		—
Litigation costs(9)	22		—		—
Net income (loss) from continuing operations attributable to NCR Voyix	$	42	$	(201)	$	(733)

(2) Represents professional fees, retention bonuses, and other costs incurred related to acquisitions, which are considered non-operational in nature.

(5) Represents gains and losses recognized during the year due to changes in valuation of the Lebanese pound and the Egyptian pound.

(8) Represents professional fees related to strategic initiatives which are considered non-operational in nature, as well as certain costs incurred related to the Hardware Business transition.

(9) Represents costs related to a certain litigation matter, net of expected indemnity recoveries from NCR Atleos, as discussed in Note 11, “Commitments and Contingencies”.

Schedule of Revenue from External Customers by Products and Services

The following table presents recurring revenue and all other products and services that is recognized at a point in time for the Company for the years ended December 31:


In millions	2025		2024		2023
Recurring revenue(1)	$	1,676	$	1,629	$	1,612
All other products and services	1,011		1,189		1,554
Total revenue	$	2,687	$	2,818	$	3,166

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area

The following table presents revenue by geographic area for the Company for the years ended December 31:



In millions	2025		%		2024		%		2023		%

United States	$	1,641	61	%	$	1,706	61	%	$	2,056	65	%
Americas (excluding United States)	188		7	%	239		8	%	230		7	%

Europe, Middle East and Africa	587		22	%	566		20	%	531		17	%
Asia Pacific	271		10	%	307		11	%	349		11	%

Total revenue	$	2,687	100	%	$	2,818	100	%	$	3,166	100	%

Schedule of Property, Plant and Equipment

The following table presents property, plant and equipment by geographic area as of December 31:


In millions	2025		2024
Property, plant and equipment, net
United States	$	141	$	160
Americas (excluding United States)	3		2
Europe, Middle East and Africa	22		24
Asia Pacific	8		6
Consolidated property, plant and equipment, net	$	174	$	192

The components of property, plant and equipment, net are summarized as follows:


In millions	December 31, 2025		December 31, 2024
Property, plant and equipment
Land and improvements	$	1	$	2
Buildings and improvements	204		227
Machinery and other equipment	502		493
Finance lease assets	100		81
Property, plant and equipment, gross	807		803
Less: accumulated depreciation	(633)		(611)
Total property, plant and equipment, net	$	174	$	192

INCOME TAXES - Schedule of Unrecognized Tax Benefit (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]
Gross unrecognized tax benefits - January 1	$ 46	$ 58	$ 87
Increases related to tax positions from prior years	16	1	1
Decreases related to tax positions from prior years	(1)	(5)	(1)
Increases related to tax provisions taken during the current year	0	1	2
Settlements with tax authorities	(1)	(4)	0
Lapses of statutes of limitation	(11)	(5)	(1)
Distributions to NCR Atleos	0	0	(30)
Total gross unrecognized tax benefits - December 31	$ 49	$ 46	$ 58

SEGMENT INFORMATION AND CONCENTRATIONS - Schedule of Revenue from External Customers by Products and Services (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenue from External Customer [Line Items]
Revenue by Segment	$ 2,687	$ 2,818	$ 3,166
Recurring revenue
Revenue from External Customer [Line Items]
Revenue by Segment	1,676	1,629	1,612
All other products and services
Revenue from External Customer [Line Items]
Revenue by Segment	$ 1,011	$ 1,189	$ 1,554

- Definition

+ References

+ Details

STOCK COMPENSATION PLANS - Assumptions Used in Determining Fair Value of Stock Units (Details)	Mar. 03, 2025	Nov. 08, 2024	Mar. 15, 2024	Feb. 13, 2023	Dec. 21, 2022	Feb. 25, 2022
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%	0.00%	0.00%
Risk-free interest rate	3.86%	4.09%	4.44%	4.15%
Expected volatility	48.34%	46.53%	60.37%	55.90%
Restricted Stock Units (RSUs) \| Restricted Stock Units Granted February 23, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield						0.00%
Risk-free interest rate						1.73%
Expected volatility						59.26%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield					0.00%
Risk-free interest rate					3.90%
Expected volatility					64.93%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

BUSINESS COMBINATIONS AND DIVESTITURES	12 Months Ended
BUSINESS COMBINATIONS AND DIVESTITURES	Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]
BUSINESS COMBINATIONS AND DIVESTITURES	3. BUSINESS COMBINATIONS AND DIVESTITURES Divestitures On September 30, 2024, the Company completed the Digital Banking Sale. Refer to Note 1, “Basis of Presentation and Significant Accounting Policies” and Note 2, “Discontinued Operations” for additional information. On October 19, 2023, the Company divested of a portion of the assets that were deemed non-strategic to its payments business, consisting primarily of merchant contracts, our front end authorization platform and certain relevant intellectual property for cash proceeds of $82 million.

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities
Net income (loss)	$ 62	$ 957	$ (428)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Loss (gain) on debt extinguishment	0	(8)	46
Depreciation and amortization	231	297	559
Stock-based compensation expense	34	47	177
Deferred income taxes	9	43	140
Loss (gain) on disposal of property, plant and equipment and other assets	(19)	0	(2)
Loss (gain) on divestiture	(3)	(1,544)	12
Impairment of other assets	2	11	8
Gain on terminated interest rate derivative agreements	0	0	(103)
Changes in assets and liabilities, net of effects of business acquired:
Receivables	54	(57)	47
Inventories	(26)	39	9
Current payables and accrued expenses	(15)	(115)	108
Contract liabilities	(18)	67	(24)
Employee benefit plans	(9)	(38)	(6)
Other assets and liabilities	(512)	169	151
Net cash provided by (used in) operating activities	(210)	(132)	694
Investing activities
Capital expenditures	(165)	(217)	(377)
Proceeds from sale of property, plant and equipment	16	0	8
Business acquisitions, net of cash acquired	0	0	(7)
Proceeds from divestiture, net	4	2,458	96
Purchases of investments	0	0	(10)
Proceeds from disposition of corporate-owned life insurance policies	0	36	0
Termination of trade receivable facility	0	(300)	0
Collections on purchased trade receivables	8	212	0
Sale (purchase) of intangible assets	3	0	0
Net cash provided by (used in) investing activities	(134)	2,189	(290)
Financing activities
Payments on term credit facilities	0	(200)	(1,878)
Borrowings on term credit facilities	0	0	200
Payments on revolving credit facilities	(208)	(699)	(2,855)
Borrowings on revolving credit facilities	208	600	2,430
Payments of senior unsecured notes	0	(1,177)	(1,000)
Payments on other financing arrangements	0	0	(2)
Debt issuance costs and bridge commitment fees	0	0	(5)
Call premium on debt extinguishment	0	0	(24)
Cash dividend paid for Series A preferred share dividends	(15)	(15)	(15)
Repurchases of common stock	(74)	(56)	0
Tax withholding payments on behalf of employees	(9)	(12)	(34)
Proceeds from employee stock plans	10	13	27
Redemption of preferred shares	(74)	0	0
Principal payments for finance lease obligations	(13)	(14)	(15)
Proceeds from long-term debt related to debt transferred to NCR Atleos at separation	0	0	3,016
Cash transferred to NCR Atleos at separation	0	0	(684)
Net cash provided by (used in) financing activities	(175)	(1,560)	(839)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	4	(24)	(20)
Increase (decrease) in cash, cash equivalents and restricted cash	(515)	473	(455)
Cash, cash equivalents and restricted cash at beginning of period	758	285	740
Cash, cash equivalents and restricted cash at end of period	$ 243	$ 758	$ 285

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions			1 Months Ended	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Dec. 05, 2019	Mar. 29, 2018 USD ($) company	Nov. 30, 2015 plan	Dec. 31, 2025 USD ($) entity facility party	Dec. 31, 2024 USD ($)	Jul. 02, 2024 USD ($)	Dec. 31, 2010 numberOfDefendant affiliateCorporation
NCR Atleos Corporation
Loss Contingencies [Line Items]
Environmental contingencies, threshold (as percent)				50.00%
Environmental contingencies, threshold amount				$ 15
Other Litigation
Loss Contingencies [Line Items]
Number of deferred compensation retirement plans seeking action \| plan			5
Loss contingency, supersedeas bond amount						$ 45
Loss contingency accrual				45
Loss contingency, receivable				$ 22
Other Litigation \| NCR Atleos Corporation
Loss Contingencies [Line Items]
Loss contingency, indemnity obligation, (as percent)						50.00%
Fox River Site
Loss Contingencies [Line Items]
Number of potentially responsible parties \| entity				8
Number of carbonless copy paper manufacturing facilities with alleged polychlorinated biphenyls discharge \| facility				2
Number of parties with which remediation was shared \| party				3
Percentage of obligation under cost sharing agreement (as percent)				60.00%
Percentage of funding obligation under cost sharing agreement (as percent)				50.00%
Receivable under funding agreement				$ 54	$ 54
Gross loss contingency accrual				0
Net loss contingency accrual				23	23
Total amount received from settlements with insurance carriers				212
Kalamazoo River Site
Loss Contingencies [Line Items]
Loss contingency accrual				111	148
Number of additional defendants \| numberOfDefendant							2
Number of total corporation plaintiffs \| affiliateCorporation							3
GP Costs incurred in the pasted related to Kalamazoo		$ 50
NCR share of costs related to Kalamazoo (as percent)		40.00%
NCR share of costs related to loss contingency (as percent)	40.00%	40.00%
Number of companies assigned to share costs of loss contingency \| company		2
Kalamazoo River Site \| Company One
Loss Contingencies [Line Items]
NCR share of costs related to Kalamazoo (as percent)		15.00%
Kalamazoo River Site \| Company Two
Loss Contingencies [Line Items]
NCR share of costs related to Kalamazoo (as percent)		5.00%
Ebina
Loss Contingencies [Line Items]
Loss contingency accrual				$ 0	$ 0

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 21	$ 26
Convertible Preferred Stock
Temporary equity, par value (in dollars per share)	$ 0.01	$ 0.01
Temporary equity, shares authorized (in shares)	3,000,000.0	3,000,000.0
Temporary equity, shares issued (in shares)	200,000	300,000
Temporary equity, shares outstanding (in shares)	200,000	300,000
Temporary equity, aggregate amount of redemption requirement	$ 207	$ 276
Temporary equity, liquidation preference	$ 207	$ 276
Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000.0	100,000,000.0
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000.0	500,000,000.0
Common stock, shares outstanding (in shares)	138,300,000	142,100,000
Common stock, shares issued (in shares)	138,300,000	142,100,000

INCOME TAXES - Schedule of Income Tax Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income tax (benefit) expense at the U.S. federal tax rate of 21%	$ (6)	$ (42)	$ (114)
Foreign income tax differential		8	1
Additional U.S. tax on foreign income		(6)	14
State and local income taxes (net of federal effect)	(4)	2	(3)
Other U.S. permanent book/tax differences	2	1	4
Meals and entertainment expense		1	2
Cash surrender value received as income		4	0
Nondeductible transaction costs		0	2
Nondeductible executive compensation		(1)	17
Dispositions		0	16
Spin-off of NCR Atleos		0	226
Gains/losses on internal entity restructuring		(4)	0
Excess (benefit)/deficit from share-based payments		8	2
Research and development tax credits	(7)	(3)	(2)
Foreign tax law changes		(7)	(8)
Valuation allowances		57	31
Change in liability for unrecognized tax benefits		(9)	3
Change in tax estimates for prior periods		(6)	(5)
Other, net		1	(2)
Total income tax expense (benefit)	$ (73)	$ 4	$ 184

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenue by Segment	$ 2,687	$ 2,818	$ 3,166
Selling, general and administrative expenses	453	458	658
Research and development expenses	155	157	139
Total operating expenses	2,661	2,856	3,300
Income (loss) from operations	26	(38)	(134)
Gain (loss) on extinguishment of debt	0	8	(46)
Interest expense	(60)	(134)	(294)
Other income (expense), net	3	(33)	(75)
Income (loss) from continuing operations before income taxes	(31)	(197)	(549)
Income tax expense (benefit)	(73)	4	184
Income (loss) from continuing operations	42	(201)	(733)
Income (loss) from discontinued operations, net of tax	20	1,158	305
Net income (loss)	62	957	(428)
Net income (loss) attributable to noncontrolling interests	0	(1)	0
Net income (loss) attributable to NCR Voyix	62	958	(428)
Amounts attributable to NCR Voyix common stockholders:
Income (loss) from continuing operations	42	(201)	(733)
Series A convertible preferred stock dividends	(20)	(15)	(16)
Income (loss) from continuing operations attributable to NCR Voyix	22	(216)	(749)
Income (loss) from discontinued operations, net of tax	20	1,159	305
Total reclassifications, net of tax	$ 42	$ 943	$ (444)
Income (loss) per common share from continuing operations
Basic (in dollars per share)	$ 0.16	$ (1.49)	$ (5.33)
Diluted (in dollars per share)	0.16	(1.49)	(5.33)
Net income (loss) per common share
Basic (in dollars per share)	0.30	6.52	(3.16)
Diluted (in dollars per share)	$ 0.30	$ 6.52	$ (3.16)
Weighted average common shares outstanding
Basic (in shares)	138.6	144.7	140.6
Diluted (net income)	141.1	144.7	140.6
Product
Revenue by Segment	$ 774	$ 867	$ 1,163
Cost of products	686	767	1,046
Service
Revenue by Segment	1,913	1,951	2,003
Cost of products	$ 1,367	$ 1,474	$ 1,457

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS


Column A	Column B	Column C		Column D	Column E
		Additions
Description	Balance at Beginning of Period	Charged to Costs & Expenses	Charged to Other Accounts	Deductions	Balance at End of Period
Year Ended December 31, 2025
Allowance for doubtful accounts	$26	$10	$—	$15	$21
Deferred tax asset valuation allowance	$153	$21	$8	$1	$181

Year Ended December 31, 2024
Allowance for doubtful accounts	$29	$15	$—	$18	$26
Deferred tax asset valuation allowance	$211	$29	$—	$87	$153

Year Ended December 31, 2023
Allowance for doubtful accounts	$18	$26	$—	$15	$29
Deferred tax asset valuation allowance	$274	$25	$5	$93	$211

EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

10. EMPLOYEE BENEFIT PLANS

Pension and Postemployment Plans The Company sponsors defined benefit pension plans. Following the Spin-Off, NCR Atleos assumed the U.S. and certain international pension plan assets and liabilities, along with the associated deferred costs in accumulated other comprehensive loss, which were previously sponsored by the Company. Pursuant to the terms of the Spin-Off transaction documents, the Company is required to contribute 50% of the annual costs of the NCR Atleos U.S. pension plan to the extent NCR Atleos contributes more than $40 million on an annual basis beginning with the plan year ending December 31, 2024. The contribution threshold was met by NCR Atleos during the year ended December 31, 2024, resulting in a required contribution from NCR Voyix of less than $1 million. The contribution threshold is expected to be met by NCR Atleos for the year ended December 31, 2025, and the expected contribution from NCR Voyix is approximately $1 million.

Internationally, the defined benefit plans are based primarily upon compensation and years of service. Certain international plans also no longer offer additional benefits and are closed to new participants. The Company’s funding policy is to contribute annually no less than the minimum required by applicable laws and regulations. Assets of the Company’s defined benefit plans are primarily invested in common and commingled trusts.

The Company recognizes the funded status of each applicable plan on the Consolidated Balance Sheets. Each overfunded plan is recognized as an asset and each underfunded plan is recognized as a liability. For pension plans, changes in the fair value of plan assets and net actuarial gains or losses are recognized upon remeasurement, which is at least annually in the fourth quarter of each year. For postemployment plans, changes to the funded status are recognized as a component of other comprehensive loss in stockholders’ equity.

Non-U.S. employees are typically covered under government-sponsored programs, and the Company generally does not provide postretirement benefits other than pensions to non-U.S. retirees. The Company generally funds these benefits on a pay-as-you-go basis.

The Company offers various postemployment benefits to involuntarily terminated and certain inactive employees after employment but before retirement. These benefits are paid in accordance with the Company’s established postemployment benefit practices and policies. Postemployment benefits include mainly severance as well as continuation of healthcare benefits and life insurance coverage while on disability. The Company provides appropriate accruals for these postemployment benefits. These postemployment benefits are funded on a pay-as-you-go basis.

Pension Plans Reconciliation of the beginning and ending balances of the benefit obligations for the Company’s pension plans are as follows:


	International Pension Benefits
In millions		2025		2024
Change in benefit obligation
Benefit obligation as of January 1		$	162	$	192
Net service cost		1		1
Interest cost		5		5

Actuarial (gain) loss		(6)		(10)
Benefits paid		(14)		(11)
Settlements		(2)		(3)

Currency translation adjustments		18		(12)

Benefit obligation as of December 31		$	164	$	162
Accumulated benefit obligation as of December 31		$	163	$	161

A reconciliation of the beginning and ending balances of the fair value of the plan assets of the Company’s pension plans are as follows:


	International Pension Benefits
In millions		2025		2024
Change in plan assets
Fair value of plan assets as of January 1		$	58	$	56
Actual return on plan assets		10		9
Company contributions		14		12
Benefits paid		(14)		(11)
Settlement		(2)		(3)
Currency translation adjustments		—		(5)

Fair value of plan assets as of December 31		$	66	$	58


	International Pension Benefits
In millions		2025		2024
Funded Status		$	(98)	$	(104)
Amounts recognized in the Consolidated Balance Sheets
Noncurrent assets		$	50	$	47
Current liabilities		(12)		(11)
Noncurrent liabilities		(136)		(140)
Net amounts recognized		$	(98)	$	(104)

For pension plans with accumulated benefit obligations in excess of plan assets, the projected benefit obligation and accumulated benefit obligation were $145 million as of December 31, 2025, and $142 million and $141 million, respectively, as of December 31, 2024. The fair value of assets was zero as of December 31, 2025 and December 31, 2024.

The net periodic benefit (income) cost of the pension plans for the years ended December 31 was as follows:


In millions	International Pension Benefits
		2025		2024		2023
Net service cost		$	1	$	1	$	2
Interest cost		5		5		6
Expected return on plan assets		(3)		(2)		(2)



Actuarial (gain) loss		(13)		(12)		7
Net periodic benefit (income) cost		$	(10)	$	(8)	$	13

The net actuarial gain in 2025 and 2024 were primarily due to plan experience gains as well as increases in discount rates and favorable returns on plan assets. The net actuarial loss in 2023 was primarily due to plan experience losses as well as a decrease in discount rates, partially offset by favorable returns on plan assets.

The weighted average rates and assumptions used to determine benefit obligations as of December 31 were as follows:


	International Pension Benefits
		2025		2024
Discount rate		3.8	%	3.2	%
Rate of compensation increase		2.9	%	2.5	%

The weighted average rates and assumptions used to determine net periodic benefit (income) cost for the years ended December 31 were as follows:


	International Pension Benefits
		2025		2024		2023
Discount rate - Service Cost		2.5	%	2.0	%	1.8	%
Discount rate - Interest Cost		3.0	%	3.0	%	3.4	%
Expected return on plan assets		5.0	%	5.0	%	5.0	%
Rate of compensation increase		2.5	%	2.5	%	1.0	%

The weighted-average cash balance interest crediting rate for the Company’s cash balance defined benefit plans was 2.1% and 1.5% for the years ended December 31, 2025 and 2024, respectively.

The discount rate used to determine the International plans benefit obligations as of December 31, 2025 were derived by examining interest rate levels and trends within each country, particularly yields on high-quality, long-term corporate bonds, relative to our future expected cash flows.

The Company employs a building block approach as its primary approach in determining the long-term expected rate of return assumptions for plan assets. Historical market returns are studied and long-term relationships between equities and fixed income are preserved consistent with the widely accepted capital market principle that assets with higher volatilities generate higher returns over the long run. Current market factors, such as inflation and interest rates are evaluated before long-term capital market assumptions are determined. The expected long-term portfolio return is established for each plan via a building block approach with proper rebalancing consideration. The result is then adjusted to reflect additional expected return from active management net of plan expenses. Historical plan returns, the expectations of other capital market participants, and peer data may be used to review and assess the results for reasonableness and appropriateness.

Plan Assets The weighted average asset allocations as of December 31, 2025 and 2024 by asset category are as follows:


	International Pension Fund
		Actual Allocation of Plan Assets as of December 31					Target Asset Allocation
			2025			2024
Equity and other investments(1)				71	%		66	%	58.0%
Debt securities(2)				29	%		33	%	42.0%

Other				—	%		1	%	—%
Total				100	%		100	%

(1) Includes equity securities and equities held in commingled trusts.

(2) Includes debt securities and debt held in commingled trusts.

The fair value of plan assets as of December 31, 2025 and 2024 by asset category is as follows:


		International
In millions	Notes		Fair Value as of December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Not Subject to Leveling
Assets
Equity securities and other investments:

Common and commingled trusts - Equities	1		$	40	$	—	$	—	$	—	$	40
Fixed income securities:


Common and commingled trusts - Bonds	1		26		—		—		—		26











Total			$	66	$	—	$	—	$	—	$	66


		International
In millions	Notes		Fair Value as of December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Not Subject to Leveling
Assets
Equity securities and other investments:

Common and commingled trusts - Equities	1		$	39	$	—	$	—	$	—	$	39
Fixed income securities:


Common and commingled trusts - Bonds	1		19		—		—		—		19











Total			$	58	$	—	$	—	$	—	$	58

Notes:

Investment Strategy The Company has historically employed a total return investment approach, whereby a mix of fixed-income, equities and real estate investments are used to maximize the long-term return of plan assets subject to a prudent level of risk. The risk tolerance is established for each plan through a careful consideration of plan liabilities, plan funded status and corporate financial condition. When considering assets for investment, the Company considers the expected rate of return and the risk of return, among others, of each potential investment. Investment risk is measured and monitored on an ongoing basis through regular performance reporting, investment manager reviews, actuarial liability measurements and periodic investment strategy reviews.

Postemployment Benefits Reconciliation of the beginning and ending balances of the benefit obligation for the Company’s postemployment plan was:


	Postemployment Benefits
In millions	2025		2024
Change in benefit obligation
Benefit obligation as of January 1	$	55	$	65

Service cost	36		36
Interest cost	1		2

Benefits paid	(33)		(55)


Actuarial (gain) loss	(8)		7
Benefit obligation as of December 31	$	51	$	55


	Postemployment Benefits
In millions	2025		2024
Benefit obligation	$	51	$	55
Amounts recognized in the Consolidated Balance Sheets
Current liabilities	$	19	$	14
Noncurrent liabilities	32		41
Net amounts recognized	$	51	$	55
Amounts recognized in Accumulated other comprehensive loss
Net actuarial (gain) loss	$	(8)	$	7

Amortization of prior service cost	—		1
Total	$	(8)	$	8

The net periodic benefit cost of the postemployment plan for the years ended December 31 was:


In millions	Postemployment Benefits
	2025		2024		2023
Service cost	$	36	36		15
Interest cost	1		2		2
Amortization of:
Prior service benefit	—		(1)		(1)
Actuarial gain	—		—		(1)
Net periodic benefit cost	$	37	$	37	$	15

The weighted average assumptions utilized in accounting for postemployment benefit obligations as of December 31 and for postemployment benefit costs for the years ended December 31 were:


	Postemployment Benefit Obligations				Postemployment Benefit Costs
	2025		2024		2025		2024		2023
Discount rate for severance plan	4.2	%	3.9	%	3.9	%	4.1	%	5.1	%

Salary increase rate	4.0	%	3.5	%	3.5	%	3.4	%	3.1	%
Involuntary turnover rate	3.8	%	3.8	%	3.8	%	3.8	%	3.8	%

Cash Flows Related to Employee Benefit Plans

Cash Contributions The Company plans to contribute approximately $14 million to the international pension plans in 2026. The Company also plans to make contributions of approximately $19 million to the postemployment plan in 2026.

Estimated Future Benefit Payments The Company expects to make the following benefit payments reflecting past and future service from its pension and postemployment plans:


In millions	International Pension Benefits		Postemployment Benefits
Year
2026	$	14	$	19
2027	$	14	$	7
2028	$	14	$	6
2029	$	14	$	6
2030	$	13	$	6
2031-2035	$	56	$	23

Savings Plans U.S. employees and many international employees participate in defined contribution savings plans. These plans generally provide either a specified percent of pay or a matching contribution on participating employees’ voluntary elections. The Company’s matching contributions typically are subject to a maximum percentage or level of compensation. Employee contributions can be made pre-tax, after-tax or a combination thereof. The expense under the U.S. plan was approximately $17 million in 2025, $21 million in 2024, and $22 million in 2023. The expense under international and subsidiary savings plans was $15 million in 2025, $14 million in 2024, and $11 million in 2023.

Amounts to be Recognized The amounts in Accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost (income) during 2026 are less than $1 million.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
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

LEASING - Schedule of Present Value of Lease Liabilities (Details) $ in Millions	Dec. 31, 2025 USD ($)
Operating Leases
2026	$ 53
2027	50
2028	46
2029	41
2030	41
Thereafter	95
Total lease payments	326
Less: Amount representing interest	62
Present value of lease liabilities	264
Finance Leases
2026	15
2027	3
2028	2
2029	0
2030	0
Thereafter	0
Total lease payments	20
Less: Amount representing interest	1
Present value of lease liabilities	$ 19

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 231	$ 722
Accounts receivable, net of allowances of $21 and $26 as of December 31, 2025 and 2024, respectively	470	532
Inventories	217	208
Restricted cash	8	31
Prepaid and other current assets	177	166
Current assets of discontinued operations	0	12
Total current assets	1,103	1,671
Property, plant and equipment, net	174	192
Goodwill	1,520	1,516
Intangibles, net	83	94
Operating lease assets	208	229
Prepaid pension cost	50	47
Deferred income taxes	185	189
Other assets	598	514
Total assets	3,921	4,452
Current liabilities
Accounts payable	346	324
Payroll and benefits liabilities	98	104
Contract liabilities	202	209
Settlement liabilities	10	47
Other current liabilities	409	724
Current liabilities of discontinued operations	0	12
Total current liabilities	1,065	1,420
Long-term debt	1,100	1,098
Pension and indemnity plan liabilities	136	144
Postretirement and postemployment benefits liabilities	32	41
Income tax accruals	51	52
Operating lease liabilities	226	248
Other liabilities	156	241
Noncurrent liabilities of discontinued operations	0	1
Total liabilities	2,766	3,245
Commitments and Contingencies (Note 11)
Series A convertible preferred stock: par value $0.01 per share, 3.0 shares authorized, 0.2 and 0.3 shares issued and outstanding as of December 31, 2025 and 2024, respectively; redemption amount and liquidation preference of $207 and $276 as of December 31, 2025 and 2024, respectively	207	276
Stockholders’ equity
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024, respectively	0	0
Common stock: par value $0.01 per share, 500.0 shares authorized, 138.3 and 142.1 shares issued and outstanding as of December 31, 2025 and 2024, respectively	1	1
Paid-in capital	827	866
Retained earnings (deficit)	559	535
Accumulated other comprehensive loss	(439)	(469)
Total NCR Voyix stockholders’ equity	948	933
Noncontrolling interests in subsidiaries	0	(2)
Total stockholders’ equity	948	931
Total liabilities and stockholders’ equity	$ 3,921	$ 4,452

STOCK COMPENSATION PLANS - Narrative (Details) $ / shares in Units, shares in Millions						12 Months Ended
	Nov. 08, 2024 d $ / shares	Mar. 15, 2024	Feb. 13, 2023 $ / shares	Dec. 21, 2022 $ / shares	Feb. 25, 2022 $ / shares	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of shares vested and distributed \| $						$ 49,000,000	$ 61,000,000	$ 132,000,000
Total unrecognized compensation cost, period of recognition (in years)						1 year 10 months 24 days
Shares granted (in dollars per share)			$ 35.04	$ 29.66			$ 12.97	$ 16.25
Total unrecognized compensation, options \| $						$ 0
Performance-Based Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in dollars per share)						$ 11.49
Total Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation other than option \| $						$ 47,000,000
Shares granted (in dollars per share)						$ 10.70
Weighted average grant date fair value (in dollars per share)						$ 12.11	$ 16.31
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value assumptions, expected term (in years)	3 years	3 years	3 years	3 years	3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Share based compensation arrangement by share based payment award, trading days \| d	20
Stock price threshold (in dollars per share)	$ 22.00
Share based compensation arrangement by share based payment award, consecutive trading days \| d	20
Performance Shares \| Restricted Stock Units Granted February 23, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)					$ 57.67
Performance Shares \| Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			1 year	1 year
Award vesting rights, percentage (as percent)			50.00%	50.00%
Weighted average closing stock price per day volume			20 days	20 days
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of all options exercised \| $						$ 0	$ 1,000,000	$ 1,000,000
Cash received from option exercises \| $						0	4,000,000	2,000,000
Tax benefit \| $						$ 0	0	0
Shares remain unissued (in shares) \| shares						2.4
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares) \| shares						4.0
Employees purchased \| $						$ 10,000,000	$ 11,000,000	$ 19,000,000
Amended Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares) \| shares						10.0
Minimum \| Performance-Based Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period (in months)						12 months
Minimum \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting common stock equal or exceed (in dollars per share)	$ 24.00
Award vesting rights, percentage (as percent)	125.00%
Minimum \| Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)						1 year
Maximum \| Performance-Based Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period (in months)						48 months
Maximum \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting common stock equal or exceed (in dollars per share)	$ 26.00
Award vesting rights, percentage (as percent)	150.00%
Maximum \| Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)						10 years
Stock Incentive Plan, 2006
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares) \| shares						34.0
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount on stock purchases (as percent)						15.00%
Look-back period (in months)						3 months
Minimum employee subscription rate (as percent)						1.00%
Maximum employee subscription rate (as percent)						10.00%
Employee stock purchase plan, shares purchased (in shares) \| shares						1.1	1.1	0.9

EMPLOYEE BENEFIT PLANS - Schedule of Change in Plan Assets (Details) - Total Pension Benefits - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Change in plan assets
Fair value of plan assets as of January 1	$ 66	$ 58	$ 56
Actual return on plan assets	10	9
Company contributions	14	12
Benefits paid	(14)	(11)
Settlement	(2)	(3)
Currency translation adjustments	0	(5)
Fair value of plan assets as of December 31	$ 66	$ 58

- Definition

Amount of contribution received by defined benefit plan from employer which increases plan assets.

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GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The carrying amounts of goodwill by segment as of December 31, 2025 and 2024 are included in the tables below. Foreign currency fluctuations are included within other adjustments. Additionally, during 2025, the Company divested of a non-strategic business and derecognized $2 million of goodwill, reflected within other adjustments in the Restaurants segment.


	December 31, 2024												December 31, 2025
In millions	Goodwill		Accumulated Impairment		Total		Additions		Impairment		Other		Goodwill		Accumulated Impairment		Total
Retail	$	1,079	$	(34)	$	1,045	$	—	$	—	$	5	$	1,084	$	(34)	$	1,050
Restaurants	494		(23)		471		—		—		(1)		493		(23)		470


Total goodwill	$	1,573	$	(57)	$	1,516	$	—	$	—	$	4	$	1,577	$	(57)	$	1,520

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The gross carrying amount and accumulated amortization for the Company’s identifiable intangible assets were as set forth in the table below.


	Amortization Period (in Years)	December 31, 2025				December 31, 2024
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	322	$	(280)	$	321	$	(268)
Intellectual property	2 - 8	360		(320)		346		(307)

Tradenames	1 - 10	63		(62)		64		(62)
Total identifiable intangible assets		$	745	$	(662)	$	731	$	(637)

Schedule of Expected Amortization Expense

The aggregate amortization expense (estimated) for identifiable intangible assets for the following periods is:


		For the years ended December 31 (estimated)
In millions	2026			2027			2028			2029			2030
Amortization expense		$	25		$	21		$	11		$	8		$	7

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Amount
Income tax (benefit) expense at the U.S. federal tax rate of 21%	$ (6)	$ (42)	$ (114)
State and local income taxes (net of federal effect)	(4)	2	(3)
Statutory income tax rate differential		8	1
Other		1	(2)
Gain/(loss) on disposition		0	16
Changes in valuation allowances		57	31
Net CFC Tested Income (NCTI)	25
Income/(loss) from foreign branches, disregarded entities, and partnerships	(31)
Deferred tax liability on unremitted earnings	7
Other effects of cross-border tax laws	(3)
Research and development tax credits	(7)	(3)	(2)
Other tax credits	(6)
Share-based payment awards	5
Other nontaxable or nondeductible items	2	1	4
Changes in unrecognized tax benefits	(6)
Total income tax expense (benefit)	$ (73)	$ 4	$ 184
Percent
Income tax expense/(benefit) at the U.S. federal tax rate of 21%	21.00%
State and local income taxes, net of federal income tax effect	12.90%
Net CFC Tested Income (NCTI)	(80.60%)
Income/(loss) from foreign branches, disregarded entities, and partnerships	1.000
Deferred tax liability on unremitted earnings	(22.60%)
Other effects of cross-border tax laws	9.70%
Research & Development (R&D) tax credits	22.60%
Other tax credits	19.40%
Share-based payment awards	(16.10%)
Other nontaxable or nondeductible items	(6.50%)
Changes in unrecognized tax benefits	19.40%
Effective income tax rate	235.00%
Australia
Amount
Statutory income tax rate differential	$ (7)
Gain/(loss) from restructuring	25
Other	$ 2
Percent
Statutory income tax rate differential	22.60%
Gain/(loss) from restructuring	(80.60%)
Other	(6.50%)
Austria
Amount
Gain/(loss) on disposition	$ (5)
Percent
Gain/(loss) on disposition	16.10%
Cyprus
Amount
Statutory income tax rate differential	$ (5)
Gain/(loss) from restructuring	(11)
Other	(1)
Changes in valuation allowances	$ 5
Percent
Statutory income tax rate differential	16.10%
Gain/(loss) from restructuring	35.50%
Other	3.20%
Changes in valuation allowances	(16.10%)
Israel
Amount
Other	$ 6
Changes in valuation allowances	$ 11
Percent
Other	(19.40%)
Changes in valuation allowances	(35.50%)
Other foreign jurisdictions
Amount
Statutory income tax rate differential	$ 8
Percent
Statutory income tax rate differential	(28.00%)
United States
Amount
Gain/(loss) from restructuring	$ (66)
Changes in valuation allowances	$ (11)
Percent
Gain/(loss) from restructuring	212.90%
Changes in valuation allowances	35.50%

GOODWILL AND PURCHASED INTANGIBLE ASSETS - Schedule of Amortization Expense (Details) $ in Millions	Dec. 31, 2025 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2026	$ 25
2027	21
2028	11
2029	8
2030	$ 7

SUPPLEMENTAL FINANCIAL INFORMATION - Other (Expense) Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Supplemental Financial Information [Abstract]
Interest income	$ 8	$ 9	$ 12
Foreign currency fluctuations and foreign exchange contracts	(3)	(27)	(27)
Bank-related fees	(4)	(24)	(28)
Employee benefit plans	8	9	(8)
Other, net	(6)	0	(24)
Total other income (expense), net	3	(33)	(75)
Pension mark-to-market adjustments	$ (13)	$ (12)	$ 7

INCOME TAXES - Schedule of Income from Continuing Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
(Loss) Income Before Income Taxes [Abstract]
United States	$ (54)	$ (249)	$ (451)
Foreign	23	52	(98)
Income (loss) from continuing operations before income taxes	$ (31)	$ (197)	$ (549)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Section 55
-Paragraph 4
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/exampleRef
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+ Details

EMPLOYEE BENEFIT PLANS - Schedule of Net Periodic Benefit (Income) Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Postemployment Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	$ 36	$ 36	$ 15
Interest cost	1	2	2
Amortization of prior service cost	0	(1)	(1)
Actuarial (gain) loss	0	0	(1)
Net periodic benefit cost	37	37	15
Total Pension Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	1	2
Interest cost	5	5	6
Expected return on plan assets	(3)	(2)	(2)
Actuarial (gain) loss	(13)	(12)	7
Net periodic benefit (income) cost	$ (10)	$ (8)	$ 13

EARNINGS PER SHARE - Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Numerator:
Income (loss) from continuing operations	$ 42	$ (201)	$ (733)
Series A convertible preferred stock dividends	(20)	(15)	(16)
Net income (loss) from continuing operations attributable to NCR Voyix common stockholders	22	(216)	(749)
Income (loss) from discontinued operations, net of tax	20	1,159	305
Net income (loss) attributable to NCR Voyix common stockholders	$ 42	$ 943	$ (444)
Denominator:
Basic weighted average number of shares outstanding, basic (in shares)	138.6	144.7	140.6
Dilutive effect of employee stock options and restricted stock units (in shares)	2.5	0.0	0.0
Weighted average diluted shares (in shares)	141.1	144.7	140.6
Diluted earnings (loss) per share:
From continuing operations (in dollars per share)	$ 0.16	$ (1.49)	$ (5.33)
From discontinued operations (in dollars per share)	0.14	8.01	2.17
Total diluted earnings per share (in dollars per share)	$ 0.30	$ 6.52	$ (3.16)

SERIES A PREFERRED STOCK (Details) $ / shares in Units, $ in Millions					12 Months Ended
	Nov. 12, 2025 USD ($) shares	Oct. 16, 2023 $ / shares shares	Oct. 06, 2020 USD ($) shares	Sep. 18, 2019 USD ($) $ / shares shares	Dec. 31, 2025 USD ($) $ / shares Rate shares	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($)	Oct. 12, 2020 USD ($) shares	Mar. 17, 2017 $ / shares shares	Dec. 04, 2015 USD ($) $ / shares shares
Class of Stock [Line Items]
Temporary equity, shares issued (in shares)					200,000	300,000
Deemed dividend from redemption of Series A preferred stock \| $	$ 5		$ 12		$ 67
Preferred stock, liquidation preference (in dollars per share) \| $ / shares					$ 1,000
Dividends, paid-in-kind \| $					$ 0	$ 0	$ 0
Dividends, cash \| $					$ 15	$ 15	$ 15
Preferred stock, convertible, conversion ratio		57.560
Redemption, share price threshold \| $ / shares					$ 54.00
Trading days					30 days
Consecutive trading days					45 days
Preferred stock, liquidation preference (as percent)					100.00%
Redemption value discount rate (as percent)					10.00%
Convertible Preferred Stock
Class of Stock [Line Items]
Temporary equity, shares issued (in shares)										820,000
Aggregate purchase price \| $										$ 820
Stated value of preferred shares (in dollars per share) \| $ / shares										$ 1,000
Direct issuance expenses \| $										$ 26
Secondary offering by the preferred shareholders (in shares)									342,000
Redeemed shares of preferred stock (in shares)	68,566		67,000	512,221				65,365	90,000
Repurchase price per share of common stock upon conversion (in dollars per share) \| $ / shares									$ 48.47
Blackstone shares converted into common shares (in shares)				237,673
Cash paid for the redemption of preferred stock \| $	$ 74		$ 72	$ 302				$ 72
Conversion of convertible securities (in shares)				9,200,000
Conversion price per preferred share (in dollars per share) \| $ / shares		$ 30.00		$ 30.00
Dividend rate for preferred shares (as percent) \| Rate					5.50%
Dividend rate for preferred shares; accrued but unpaid dividend (as percent)					8.00%
Conversion rate per preferred share		33.333
Financial instruments subject to redemption, settlement terms, maximum number of shares					11,900,000	15,900,000

SUPPLEMENTAL FINANCIAL INFORMATION - Inventory (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Inventories
Work in process and raw materials	$ 4	$ 6
Finished goods	83	83
Service parts	130	119
Total inventories	$ 217	$ 208

SERIES A PREFERRED STOCK	12 Months Ended
SERIES A PREFERRED STOCK	Dec. 31, 2025
Equity [Abstract]
SERIES A PREFERRED STOCK	13. SERIES A PREFERRED STOCK On December 4, 2015, the Company issued 820,000 shares of Series A Convertible Preferred Stock to certain entities affiliated with the Blackstone Group L.P. (collectively, “Blackstone”) for an aggregate purchase price of $820 million, or $1,000 per share, pursuant to an Investment Agreement between the Company and Blackstone, dated November 11, 2015. In connection with the issuance of the Series A Convertible Preferred Stock, the Company incurred direct and incremental expenses of $26 million, including financial advisory fees, closing costs, legal expenses and other offering-related expenses. These direct and incremental expenses originally reduced the Series A Convertible Preferred Stock and were accreted through retained earnings as a deemed dividend from the date of issuance through the first possible known redemption date, March 16, 2024. In 2017, in connection with the early release of the lock-up included in the Investment Agreement, Blackstone offered for sale 342,000 shares of Series A Convertible Preferred Stock in an underwritten public offering. In addition, Blackstone converted 90,000 shares of Series A Convertible Preferred Stock into shares of our common stock and we repurchased those shares of common stock for $48.47 per share. The underwritten offering and the stock repurchase were consummated on March 17, 2017. On September 18, 2019, the Company entered into an agreement to repurchase and convert the outstanding 512,221 shares of Series A Convertible Preferred Stock owned by Blackstone. The Company repurchased 237,673 shares of Series A Convertible Preferred Stock for total cash consideration of $302 million. The remaining shares of Blackstone’s Series A Convertible Preferred Stock, including accrued dividends, were converted to approximately 9.2 million shares of common stock at a conversion price of $30.00 per share. For the repurchase of Series A Convertible Preferred Stock, the excess of the fair value of consideration transferred over the carrying value was approximately $67 million, and has been included as a deemed dividend in adjusting the income from common stockholders in calculating earnings per share. In this analysis, we determined the fair value of the consideration transferred was not in excess of the fair value of the redeemed Series A Convertible Preferred Stock. As a result, there was no inducement provided to Blackstone for the conversion of the remaining preferred shares into common stock. On October 6, 2020, the Company entered into a definitive agreement to repurchase 67,000 shares of Series A Convertible Preferred Stock from two affiliated shareholders for a total cash consideration of $72 million. The transaction closed on October 7, 2020. On October 12, 2020, the Company entered into a definitive agreement to repurchase 65,365 shares of Series A Convertible Preferred Stock owned by two affiliated shareholders for a total cash consideration of $72 million. The transaction closed on October 13, 2020. The excess of the fair value of consideration transferred over the carrying value was approximately $12 million, and has been included as a deemed dividend in adjusting the income from common stockholders in calculating earnings per share. On November 12, 2025, NCR Voyix entered into a definitive agreement to repurchase 68,566 shares of Series A Convertible Preferred Stock from one shareholder for a total cash consideration of $74 million. The transaction closed on November 17, 2025. The excess of the fair value of consideration transferred over the carrying value was approximately $5 million and has been included as a deemed dividend in adjusting the income from common stockholders in calculating earnings per share. Dividend Rights The Series A Convertible Preferred Stock ranks senior to the shares of the Company’s common stock, with respect to dividend rights and rights on the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company. The Series A Convertible Preferred Stock has a liquidation preference of $1,000 per share. Holders of Series A Convertible Preferred Stock are entitled to a cumulative dividend at the rate of 5.5% per annum, which was payable quarterly in arrears. Beginning in the first quarter of 2020, dividends are payable in cash or in-kind at the option of the Company. If the Company does not declare and pay a dividend, the dividend rate will increase to 8.0% per annum until all accrued but unpaid dividends have been paid in full. During the years ended December 31, 2025, 2024 and 2023, the Company did not pay dividends-in-kind associated with the Series A Convertible Preferred Stock. Cash dividends of $15 million were declared during the years ended December 31, 2025, 2024 and 2023. Conversion Features Prior to the close of business on October 17, 2023, the Series A Convertible Preferred Stock was convertible at the option of the holders at any time into shares of common stock at a conversion price of $30.00 per share or a conversion rate of 33.333 shares of common stock per share of Series A Convertible Preferred Stock. As a result of the Spin-Off, the conversion rate of the Series A Convertible Preferred Stock was adjusted pursuant to its terms to 57.560 shares of common stock per share of Series A Convertible Preferred Stock, effective immediately after the close of business on October 17, 2023. As of December 31, 2025 and 2024, the maximum number of common shares that could be required to be issued upon conversion of the outstanding shares of Series A Convertible Preferred Stock was 11.9 million and 15.9 million shares, respectively. The conversion rate is subject to the following customary anti-dilution and other adjustments: •the issuance of common stock as a dividend or the subdivision, combination, or reclassification of common stock into a greater or lesser number of shares of common stock; •the dividend, distribution or other issuance of rights, options or warrants to holders of Common Stock entitling them to subscribe for or purchase shares of common stock at a price per share that is less than the volume-weighted average price per share of common stock; •the completion of a tender offer or exchange offer of shares of common stock at a premium to the volume-weighted average price per share of common stock and certain other above-market purchases of common stock; •the issuance of a dividend or similar distribution in-kind, which can include shares of any class of capital stock, evidences of the Company’s indebtedness, assets or other property or securities, to holders of common stock; •a transaction in which a subsidiary of the Company ceases to be a subsidiary of the Company as a result of the distribution of the equity interests of the subsidiary to the holders of the Company’s common stock; and •the payment of a cash dividend to the holders of common stock. All outstanding shares of Series A Convertible Preferred Stock are convertible at the option of the Company if the volume-weighted average price of the common stock exceeds $54.00 for at least 30 trading days in any period of 45 consecutive trading days. The $54.00 may be adjusted pursuant to the anti-dilution provisions above. The Series A Convertible Preferred Stock, and the associated dividends for the first sixteen payments, did not generate a beneficial conversion feature (“BCF”) upon issuance as the fair value of the Company’s common stock was greater than the conversion price. The Company will determine and, if required, measure a BCF based on the fair value of our stock price on the date dividends are declared subsequent to the sixteenth dividend. If a BCF is recognized, a reduction to retained earnings and the Series A Convertible Preferred Stock will be recorded, and then subsequently accreted through the first redemption date. Additionally, the Company determined that the nature of the Series A Convertible Preferred Stock was more akin to an equity instrument and that the economic characteristics and risks of the embedded conversion options were clearly and closely related to the Series A Convertible Preferred Stock. As such, the conversion options were not required to be bifurcated from the host under ASC 815, Derivatives and Hedging. Redemption Rights On any date during the three months commencing on and immediately following March 16, 2024 and the three months commencing on and immediately following every third anniversary of March 16, 2024, holders of Series A Convertible Preferred Stock have the right to require the Company to repurchase all or any portion of the Series A Convertible Preferred Stock at 100% of the liquidation preference thereof plus all accrued but unpaid dividends. Upon certain change of control events involving the Company, holders of Series A Convertible Preferred Stock can require the Company to repurchase, subject to certain exceptions, all or any portion of the Series A Convertible Preferred Stock at the greater of (1) an amount in cash equal to 100% of the liquidation preference thereof plus all accrued but unpaid dividends and (2) the consideration the holders would have received if they had converted their shares of Series A Convertible Preferred Stock into common stock immediately prior to the change of control event. The Company has the right, upon certain change of control events involving the Company, to redeem the Series A Convertible Preferred Stock at the greater of (1) an amount in cash equal to the sum of the liquidation preference of the Series A Convertible Preferred Stock, all accrued but unpaid dividends and the present value, discounted at a rate of 10%, of any remaining scheduled dividends through the fifth anniversary of the first dividend payment date, assuming the Company chose to pay such dividends in cash (the “make-whole provision”) and (2) the consideration the holders would have received if they had converted their shares of Series A Convertible Preferred Stock into common stock immediately prior to the change of control event. Since the redemption of the Series A Convertible Preferred Stock is contingently or optionally redeemable and therefore not certain to occur, the Series A Convertible Preferred Stock is not required to be classified as a liability under ASC 480, Distinguishing Liabilities from Equity. As the Series A Convertible Preferred Stock is redeemable in certain circumstances at the option of the holder and is redeemable in certain circumstances upon the occurrence of an event that is not solely within our control, we have classified the Series A Convertible Preferred Stock in mezzanine equity in the Consolidated Balance Sheets. As noted above, the Company determined that the nature of the Series A Convertible Preferred Stock was more akin to an equity instrument. However, the Company determined that the economic characteristics and risks of the embedded put options, call option and make-whole provision were not clearly and closely related to the Series A Convertible Preferred Stock. Therefore, the Company assessed the put and call options further, and determined they did not meet the definition of a derivative under ASC 815, Derivatives and Hedging. Under the same analysis, the Company determined the make-whole provision did meet the definition of a derivative, but that the value of the derivative was minimal due to the expectations surrounding the scenarios under which the call option and make-whole provision would be exercised. Voting Rights Holders of Series A Convertible Preferred Stock are entitled to vote with the holders of the common stock on an as-converted basis. Holders of Series A Convertible Preferred Stock are entitled to a separate class vote with respect to amendments to the Company’s organizational documents that have an adverse effect on the Series A Convertible Preferred Stock and issuances by the Company of securities that are senior to, or equal in priority with, the Series A Convertible Preferred Stock.