falsedesktopDBD2020-09-30000002882320000151{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Ohio\t\t\t34-0183970\n(State or other jurisdiction of incorporation or organization)\t\t\t(IRS Employer Identification Number)\n5995 Mayfair Road PO Box 3077\tNorth Canton\tOhio\t44720-8077\n(Address of principal executive offices)\t\t\t(Zip Code)\n", "q10k_tbl_1": "Large accelerated filer\t☒\tAccelerated filer\t☐\tNon-accelerated filer\t☐\nSmaller reporting company\t☐\tEmerging growth company\t☐\t\t\n", "q10k_tbl_2": "Part I - Financial Information\t3\nItem 1: Financial Statements\t3\nCondensed Consolidated Balance Sheets - September 30 2020 (Unaudited) and December 31 2019\t3\nCondensed Consolidated Statements of Operations (Unaudited) - Three and Nine Months Ended September 30 2020 and 2019\t4\nCondensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - Three and Nine Months Ended September 30 2020 and 2019\t5\nCondensed Consolidated Statements of Cash Flows (Unaudited) - Nine Months Ended September 30 2020 and 2019\t6\nNotes to Condensed Consolidated Financial Statements (Unaudited)\t7\nItem 2: Management's Discussion and Analysis of Financial Condition and Results of Operations\t36\nItem 3: Quantitative and Qualitative Disclosures About Market Risk\t53\nItem 4: Controls and Procedures\t53\nPart II - Other Information\t54\nItem 1: Legal Proceedings\t54\nItem 1A: Risk Factors\t54\nItem 2: Unregistered Sales of Equity Securities and Use of Proceeds\t54\nItem 3: Defaults Upon Senior Securities\t54\nItem 4: Mine Safety Disclosures\t54\nItem 5: Other Information\t54\nItem 6: Exhibits\t55\nSignatures\t56\n", "q10k_tbl_3": "\tSeptember 30 2020\tDecember 31 2019\n\t(Unaudited)\t\nASSETS\t\t\nCurrent assets\t\t\nCash cash equivalents and restricted cash\t277.3\t280.9\nShort-term investments\t6.8\t10.0\nTrade receivables less allowances for doubtful accounts of $43.0 and $42.2 respectively\t668.1\t619.3\nInventories\t542.6\t466.5\nPrepaid expenses\t35.5\t51.3\nCurrent assets held for sale\t67.9\t233.3\nOther current assets\t242.8\t230.7\nTotal current assets\t1841.0\t1892.0\nSecurities and other investments\t9.2\t21.4\nProperty plant and equipment net of accumulated depreciation and amortization of $558.6 and $526.9 respectively\t198.3\t231.5\nGoodwill\t773.7\t764.0\nDeferred income taxes\t127.7\t120.8\nCustomer relationships net\t408.5\t447.7\nOther assets\t269.4\t313.2\nTotal assets\t3627.8\t3790.6\nLIABILITIES REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY\t\t\nCurrent liabilities\t\t\nNotes payable\t18.3\t32.5\nAccounts payable\t504.4\t471.5\nDeferred revenue\t247.3\t320.5\nPayroll and other benefits liabilities\t198.2\t224.7\nOther current liabilities\t481.4\t550.4\nTotal current liabilities\t1449.6\t1599.6\nLong-term debt\t2427.9\t2108.7\nPensions post-retirement and other benefits\t228.9\t237.7\nDeferred income taxes\t116.1\t134.5\nOther liabilities\t197.1\t195.5\nCommitments and contingencies\t\t\nRedeemable noncontrolling interests\t19.9\t20.9\nEquity\t\t\nDiebold Nixdorf Incorporated shareholders' equity\t\t\nPreferred shares no par value 1000000 authorized shares none issued\t0\t0\nCommon shares $1.25 par value 125000000 authorized shares 93524415 and 92208247 issued shares 77672179 and 76813013 outstanding shares respectively\t116.9\t115.3\nAdditional capital\t783.3\t773.9\nAccumulated deficit\t(690.2)\t(472.3)\nTreasury shares at cost (15852236 and 15395234 shares respectively)\t(576.6)\t(571.9)\nAccumulated other comprehensive loss\t(440.0)\t(375.3)\nTotal Diebold Nixdorf Incorporated shareholders' equity\t(806.6)\t(530.3)\nNoncontrolling interests\t(5.1)\t24.0\nTotal equity\t(811.7)\t(506.3)\nTotal liabilities redeemable noncontrolling interests and equity\t3627.8\t3790.6\n", "q10k_tbl_4": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2020\t2019\t2020\t2019\nNet sales\t\t\t\t\nServices\t588.9\t643.0\t1736.4\t1931.0\nProducts\t406.3\t435.8\t1060.0\t1326.1\n\t995.2\t1078.8\t2796.4\t3257.1\nCost of sales\t\t\t\t\nServices\t399.2\t462.4\t1226.5\t1423.3\nProducts\t311.9\t345.0\t811.4\t1037.1\n\t711.1\t807.4\t2037.9\t2460.4\nGross profit\t284.1\t271.4\t758.5\t796.7\nSelling and administrative expense\t226.0\t219.9\t629.7\t674.3\nResearch development and engineering expense\t30.2\t36.8\t93.4\t109.8\nImpairment of assets\t4.1\t0\t4.1\t0\n(Gain) loss on sale of assets net\t0\t(8.5)\t13.0\t6.6\n\t260.3\t248.2\t740.2\t790.7\nOperating profit (loss)\t23.8\t23.2\t18.3\t6.0\nOther income (expense)\t\t\t\t\nInterest income\t1.9\t1.9\t5.4\t7.0\nInterest expense\t(144.3)\t(52.5)\t(240.6)\t(153.3)\nForeign exchange gain net\t(2.3)\t(1.8)\t(9.5)\t(4.1)\nMiscellaneous net\t(1.5)\t(1.0)\t4.1\t(2.8)\nLoss before taxes\t(122.4)\t(30.2)\t(222.3)\t(147.2)\nIncome tax (benefit) expense\t(21.5)\t5.2\t(4.9)\t74.8\nEquity in earnings of unconsolidated subsidiaries\t0\t0.6\t0\t0\nNet loss\t(100.9)\t(34.8)\t(217.4)\t(222.0)\nNet (loss) income attributable to noncontrolling interests\t0.5\t0.9\t0.5\t(3.3)\nNet loss attributable to Diebold Nixdorf Incorporated\t(101.4)\t(35.7)\t(217.9)\t(218.7)\nBasic and diluted weighted-average shares outstanding\t77.7\t76.8\t77.5\t76.6\nNet loss attributable to Diebold Nixdorf Incorporated\t\t\t\t\nBasic and diluted loss per share\t(1.31)\t(0.46)\t(2.81)\t(2.86)\n", "q10k_tbl_5": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2020\t2019\t2020\t2019\nNet loss\t(100.9)\t(34.8)\t(217.4)\t(222.0)\nOther comprehensive income (loss) net of tax\t\t\t\t\nTranslation adjustment\t(10.0)\t(91.7)\t(64.1)\t(73.3)\nForeign currency hedges (net of tax of $(0.1) $0.0 $0.2 and $0.0 respectively)\t(0.4)\t(0.2)\t1.8\t(0.1)\nInterest rate hedges\t\t\t\t\nNet (loss) income recognized in other comprehensive income (net of tax of $(0.9) $0.5 $4.0 and $1.7 respectively)\t3.0\t(3.0)\t(19.1)\t(8.7)\nReclassification adjustment for amounts recognized in net income\t(0.4)\t0.8\t4.9\t1.8\n\t2.6\t(2.2)\t(14.2)\t(6.9)\nPension and other post-retirement benefits\t\t\t\t\nNet actuarial loss amortization (net of tax of $0.6 $(0.4) $2.4 and $(1.2) respectively)\t2.1\t2.2\t11.2\t6.0\nOther\t0\t0\t(0.8)\t0.1\nOther comprehensive loss net of tax\t(5.7)\t(91.9)\t(66.1)\t(74.2)\nComprehensive loss\t(106.6)\t(126.7)\t(283.5)\t(296.2)\nLess: comprehensive loss attributable to noncontrolling interests\t0.4\t(0.1)\t(0.9)\t(4.1)\nComprehensive loss attributable to Diebold Nixdorf Incorporated\t(107.0)\t(126.6)\t(282.6)\t(292.1)\n", "q10k_tbl_6": "\tNine Months Ended\t\n\tSeptember 30\t\n\t2020\t2019\nCash flow from operating activities\t\t\nNet loss\t(217.4)\t(222.0)\nAdjustments to reconcile net loss to cash flow used by operating activities:\t\t\nDepreciation and amortization\t75.1\t83.2\nAmortization of Wincor Nixdorf purchase accounting intangible assets\t63.2\t71.8\nAmortization of deferred financing costs into interest expense\t41.1\t16.3\nShare-based compensation\t11.1\t19.4\nDebt prepayment costs\t67.2\t0\nLoss (gain) on sale of assets net\t13.0\t6.6\nImpairment of assets\t4.1\t0\nDeferred income taxes\t(36.4)\t3.2\nOther\t(7.1)\t0\nChanges in certain assets and liabilities\t\t\nTrade receivables\t(68.6)\t110.1\nInventories\t(83.8)\t(2.9)\nAccounts payable\t35.3\t(6.9)\nDeferred revenue\t(69.6)\t(50.3)\nSales tax and net value added tax\t(18.0)\t(13.7)\nIncome taxes\t1.5\t60.5\nPrepaid expenses\t16.1\t9.8\nAccrued salaries wages and commissions\t(22.0)\t14.0\nRestructuring\t(8.3)\t(27.9)\nWarranty liability\t(2.4)\t(3.2)\nLiabilities held for sale\t(22.3)\t12.5\nCertain other assets and liabilities\t18.8\t(73.1)\nNet cash provided (used) by operating activities\t(209.4)\t7.4\nCash flow from investing activities\t\t\nCapital expenditures\t(12.2)\t(30.2)\nProceeds from divestitures net of cash divested\t(47.9)\t29.8\nProceeds from settlement of corporate-owned life insurance policies\t15.6\t0\nProceeds from maturities of short-term investments\t154.3\t185.9\nPayments for purchases of short-term investments\t(142.7)\t(157.9)\nIncrease in certain other assets\t(7.8)\t(17.4)\nNet cash provided (used) by investing activities\t(40.7)\t10.2\nCash flow from financing activities\t\t\nDebt issuance costs\t(26.4)\t(12.5)\nDebt prepayment costs\t(67.2)\t0\nRevolving credit facility borrowings (repayments) net\t192.1\t(125.0)\nOther debt borrowings\t1107.8\t395.3\nOther debt repayments\t(1039.5)\t(342.9)\nDistributions to noncontrolling interest holders\t0\t(98.1)\nOther\t(6.0)\t(1.7)\nNet cash provided (used) by financing activities\t160.8\t(184.9)\nEffect of exchange rate changes on cash and cash equivalents\t(7.7)\t(7.2)\nChange in cash cash equivalents and restricted cash\t(97.0)\t(174.5)\nAdd: Cash included in assets held for sale at beginning of period\t97.2\t7.3\nLess: Cash included in assets held for sale at end of period\t3.8\t38.9\nCash cash equivalents and restricted cash at the beginning of the period\t280.9\t458.4\nCash cash equivalents and restricted cash at the end of the period\t277.3\t252.3\n", "q10k_tbl_7": "Standards Adopted\tDescription\tEffective Date\nASU 2018-13 Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement\tThis Accounting Standard Update (ASU) is designed to improve the effectiveness of disclosures by removing modifying and adding disclosures related to fair value measurements. The adoption of this ASU did not have a significant impact on the Company's condensed consolidated financial statements.\tJanuary 1 2020\nASU 2018-18 Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606\tThe amendments in this ASU provide guidance on whether certain transactions between collaborative arrangement participants should be accounted for under Topic 606. The adoption of this ASU did not have a significant impact on the Company's condensed consolidated financial statements.\tJanuary 1 2020\nASU 2016-13 Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments\tThe amendments in this ASU replace the incurred loss impairment methodology with the current expected credit loss methodology. This will change the measurement of credit losses on financial instruments and the timing of when such losses are recorded. The adoption of this ASU did not have a significant impact on the Company's condensed consolidated financial statements.\tJanuary 1 2020\nASU 2019-01 Leases (Topic 842): Codification Improvements\tThis ASU is intended to clarify the Accounting Standard Codification (ASC) more generally and/or to correct unintended application of guidance. The amendments in this ASU include three Issues: Determining the fair value of the underlying asset by lessors that are not manufacturers or dealers (Issue 1) Presentation on the statement of cash flows-sales-type and direct financing leases (Issue 2) and Transition disclosures related to Topic 250 Accounting Changes and Error Corrections (Issue 3). The adoption of this ASU did not have a significant impact on the Company's condensed consolidated financial statements.\tJanuary 1 2020\nASU 2019-04 Codification Improvements to Topic 326 Financial Instruments-Credit Losses Topic 815 Derivatives and Hedging and Topic 825 Financial Instruments\tThis ASU is designed to clarify correct and improve various aspects of the guidance in the following ASUs related to financial instruments: ASU 2016-01 - Financial Instruments - Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Liabilities; ASU 2016-13 - Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments; and ASU 2017-12 - Derivatives and Hedging (Topic 815): Targeted Improvements for Hedging Activities. The adoption of this ASU did not have a significant impact on the Company's condensed consolidated financial statements.\tJanuary 1 2020\n", "q10k_tbl_8": "\tSeptember 30 2020\tSeptember 30 2019\nWeighted-average remaining lease terms (in years)\t\t\nOperating leases\t4.2\t4.8\nFinance leases\t3.8\t2.4\nWeighted-average discount rate\t\t\nOperating leases\t11.5%\t12.2%\nFinance leases\t10.9%\t24.1%\n", "q10k_tbl_9": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2020\t2019\t2020\t2019\nLease expense\t\t\t\t\nOperating lease expense\t24.6\t23.2\t71.9\t65.3\nFinance lease expense\t\t\t\t\nAmortization of ROU lease assets\t0.4\t0.1\t1.1\t0.4\nInterest on lease liabilities\t0.1\t0.1\t0.4\t0.3\nVariable lease expense\t1.9\t3.2\t6.5\t11.4\n", "q10k_tbl_10": "\tOperating\tFinance\n2020 (excluding the nine months ended September 30 2020)\t25.5\t0.6\n2021\t55.1\t2.0\n2022\t34.6\t1.3\n2023\t21.4\t0.6\n2024\t15.3\t0.5\nThereafter\t25.1\t0.8\nTotal\t177.0\t5.8\nLess: Present value discount\t(35.7)\t(0.9)\nLease liability\t141.3\t4.9\n", "q10k_tbl_11": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2020\t2019\t2020\t2019\nCash paid for amounts included in the measurement of lease liabilities\t\t\t\t\nOperating - operating cash flows\t28.3\t22.3\t72.3\t63.6\nFinance - financing cash flows\t0.4\t0.1\t1.2\t0.3\nFinance - operating cash flows\t0.2\t0.2\t0.6\t0.4\nROU lease assets obtained in the exchange for lease liabilities\t\t\t\t\nOperating leases\t9.9\t8.5\t17.6\t49.3\nFinance leases\t0.1\t0.2\t4.0\t2.3\n", "q10k_tbl_12": "\tSeptember 30 2020\tDecember 31 2019\nAssets\t\t\nOperating\t139.6\t167.5\nFinance\t5.1\t2.4\nTotal leased assets\t144.7\t169.9\nCurrent liabilities\t\t\nOperating\t52.2\t62.8\nFinance\t1.7\t0.9\nNoncurrent liabilities\t\t\nOperating\t89.1\t106.4\nFinance\t3.2\t1.4\nTotal lease liabilities\t146.2\t171.5\n", "q10k_tbl_13": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2020\t2019\t2020\t2019\nNumerator\t\t\t\t\nIncome (loss) used in basic and diluted loss per share\t\t\t\t\nNet loss\t(100.9)\t(34.8)\t(217.4)\t(222.0)\nNet (income) loss attributable to noncontrolling interests\t0.5\t0.9\t0.5\t(3.3)\nNet loss attributable to Diebold Nixdorf Incorporated\t(101.4)\t(35.7)\t(217.9)\t(218.7)\nDenominator\t\t\t\t\nWeighted-average number of common shares used in basic and diluted loss per share (1)\t77.7\t76.8\t77.5\t76.6\nNet loss attributable to Diebold Nixdorf Incorporated\t\t\t\t\nBasic and diluted loss per share\t(1.31)\t(0.46)\t(2.81)\t(2.86)\nAnti-dilutive shares\t\t\t\t\nAnti-dilutive shares not used in calculating diluted weighted-average shares\t2.3\t2.7\t2.6\t3.4\n", "q10k_tbl_14": "\tNumber of Shares\tWeighted-Average Exercise Price\tWeighted- Average Remaining Contractual Term\tAggregate Intrinsic Value (1)\n\t\t(per share)\t(in years)\t\nOutstanding at January 1 2020\t2.4\t14.89\t\t\nExpired or forfeited\t(0.1)\t31.74\t\t\nGranted\t0.4\t12.54\t\t\nOutstanding at September 30 2020\t2.7\t14.30\t8\t2.5\nOptions exercisable September 30 2020\t1.4\t19.66\t7\t1.2\nOptions vested and expected to vest(2) at September 30 2020\t2.7\t14.30\t8\t2.5\n", "q10k_tbl_15": "\tNumber of Shares\tWeighted-Average Grant-Date Fair Value\nRSUs:\t\t\nNon-vested at January 1 2020\t2.2\t9.99\nForfeited\t(0.1)\t13.11\nVested\t(1.0)\t12.60\nGranted\t0.9\t10.64\nNon-vested at September 30 2020\t2.0\t8.84\nPerformance Shares:\t\t\nNon-vested at January 1 2020\t2.4\t26.44\nForfeited\t(0.8)\t34.49\nVested\t(0.3)\t26.60\nNon-vested at September 30 2020\t1.3\t21.73\n", "q10k_tbl_16": "\tSeptember 30 2020\tDecember 31 2019\nFinished goods\t233.2\t157.4\nService parts\t167.6\t175.4\nRaw materials and work in process\t141.8\t133.7\nTotal inventories\t542.6\t466.5\n", "q10k_tbl_17": "\tCost Basis\tUnrealized Gain / (Loss)\tFair Value\nAs of September 30 2020\t\t\t\nShort-term investments\t\t\t\nCertificates of deposit\t6.8\t0\t6.8\nLong-term investments\t\t\t\nAssets held in a rabbi trust\t5.1\t0.9\t6.0\nAs of December 31 2019\t\t\t\nShort-term investments\t\t\t\nCertificates of deposit\t10.0\t0\t10.0\nLong-term investments\t\t\t\nAssets held in a rabbi trust\t5.5\t0.7\t6.2\n", "q10k_tbl_18": "\tSeptember 30 2020\tDecember 31 2019\nGross minimum lease receivables\t40.1\t41.8\nAllowance for credit losses\t(0.3)\t(0.3)\nEstimated unguaranteed residual values\t0.2\t0.2\n\t40.0\t41.7\nLess:\t\t\nUnearned interest income\t(1.5)\t(2.8)\nTotal\t38.5\t38.9\n", "q10k_tbl_19": "2020\t11.9\n2021\t8.2\n2022\t7.2\n2023\t5.3\n2024\t4.6\nThereafter\t2.9\n\t40.1\n", "q10k_tbl_20": "\tEurasia Banking\tAmericas Banking\tRetail\tTotal\nGoodwill\t598.6\t437.3\t233.2\t1269.1\nAccumulated impairment\t(291.7)\t(122.0)\t(57.2)\t(470.9)\nBalance at January 1 2019\t306.9\t315.3\t176.0\t798.2\nTransferred to assets held for sale\t(11.7)\t0\t0\t(11.7)\nDivestitures\t(0.4)\t0\t(3.9)\t(4.3)\nCurrency translation adjustment\t(7.3)\t(6.0)\t(4.9)\t(18.2)\nGoodwill\t579.2\t431.3\t224.4\t1234.9\nAccumulated impairment\t(291.7)\t(122.0)\t(57.2)\t(470.9)\nBalance at December 31 2019\t287.5\t309.3\t167.2\t764.0\nTransferred to assets held for sale\t(6.4)\t(2.4)\t0\t(8.8)\nCurrency translation adjustment\t7.3\t6.1\t5.1\t18.5\nGoodwill\t580.1\t435.0\t229.5\t1244.6\nAccumulated impairment\t(291.7)\t(122.0)\t(57.2)\t(470.9)\nBalance at September 30 2020\t288.4\t313.0\t172.3\t773.7\n", "q10k_tbl_21": "\t\tSeptember 30 2020\t\t\tDecember 31 2019\t\t\n\tWeighted-average remaining useful lives\tGross Carrying Amount\tAccumulated Amortization\tNet Carrying Amount\tGross Carrying Amount\tAccumulated Amortization\tNet Carrying Amount\nCustomer relationships net\t5.4 years\t727.0\t(318.5)\t408.5\t698.7\t(251.0)\t447.7\nInternally-developed software\t1.3 years\t192.4\t(155.3)\t37.1\t178.2\t(132.2)\t46.0\nDevelopment costs non-software\t0.6 years\t53.5\t(53.2)\t0.3\t51.5\t(47.5)\t4.0\nOther intangibles\t2.3 years\t77.2\t(73.6)\t3.6\t79.3\t(74.7)\t4.6\nOther intangible assets net\t\t323.1\t(282.1)\t41.0\t309.0\t(254.4)\t54.6\nTotal\t\t1050.1\t(600.6)\t449.5\t1007.7\t(505.4)\t502.3\n", "q10k_tbl_22": "\tSeptember 30 2020\tSeptember 30 2019\nBalance at January 1\t36.9\t40.1\nCurrent period accruals\t12.5\t10.5\nCurrent period settlements\t(14.8)\t(10.7)\nCurrency translation adjustment\t(1.4)\t(3.9)\nBalance at September 30\t33.2\t36.0\n", "q10k_tbl_23": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2020\t2019\t2020\t2019\nCost of sales - services\t0.8\t2.0\t3.2\t6.1\nCost of sales - products\t2.6\t0.1\t2.6\t0.1\nSelling and administrative expense\t10.0\t6.4\t26.5\t13.4\nResearch development and engineering expense\t0.4\t0.1\t3.0\t0.1\nLoss on sale of assets net\t0\t0\t0\t0.1\nTotal\t13.8\t8.6\t35.3\t19.8\n", "q10k_tbl_24": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2020\t2019\t2020\t2019\nSeverance\t\t\t\t\nEurasia Banking\t8.6\t1.3\t16.7\t4.1\nAmericas Banking\t0.7\t0.6\t1.8\t1.2\nRetail\t2.0\t0.9\t10.8\t4.5\nCorporate\t2.5\t5.8\t6.0\t9.9\nTotal severance\t13.8\t8.6\t35.3\t19.7\nOther - Americas Banking\t0\t0\t0\t0.1\nTotal\t13.8\t8.6\t35.3\t19.8\n", "q10k_tbl_25": "\tDN Now\t\t\n\tSeverance\tOther\tTotal\nEurasia Banking\t63.5\t0\t63.5\nAmericas Banking\t12.2\t0.1\t12.3\nRetail\t33.0\t0\t33.0\nCorporate\t35.6\t0\t35.6\nTotal\t144.3\t0.1\t144.4\n", "q10k_tbl_26": "\t2020\t2019\nBalance at January 1\t42.6\t56.9\nLiabilities incurred\t35.3\t19.8\nLiabilities paid/settled\t(42.8)\t(49.2)\nBalance at September 30\t35.1\t27.5\n", "q10k_tbl_27": "\tSeptember 30 2020\tDecember 31 2019\nNotes payable\t\t\nUncommitted lines of credit\t7.0\t5.0\nTerm Loan A-1 Facility\t0\t16.3\nTerm Loan B Facility - USD\t4.8\t4.8\nTerm Loan B Facility - Euro\t4.9\t4.7\nOther\t1.6\t1.7\n\t18.3\t32.5\nLong-term debt\t\t\nRevolving Facility\t192.1\t0\n2022 Term Loan A Facility\t0\t370.3\nTerm Loan A-1 Facility\t0\t602.6\nTerm Loan B Facility - USD\t386.9\t404.0\nTerm Loan B Facility - Euro\t394.4\t395.1\n2024 Senior Notes\t400.0\t400.0\n2025 Senior Secured Notes - USD\t700.0\t0\n2025 Senior Secured Notes - EUR\t409.8\t0\nOther\t3.4\t1.3\n\t2486.6\t2173.3\nLong-term deferred financing fees\t(58.7)\t(64.6)\n\t2427.9\t2108.7\n", "q10k_tbl_28": "\tNine Months Ended\t\n\tSeptember 30\t\n\t2020\t2019\nRevolving credit facility borrowings\t653.1\t703.4\nRevolving credit facility repayments\t(461.0)\t(828.4)\nOther debt borrowings\t\t\nProceeds from 2025 Senior Secured Notes - USD\t693.2\t0\nProceeds from 2025 Senior Secured Notes - EUR\t394.6\t0\nProceeds from 2022 Term Loan A Facility under the Credit Agreement\t0\t374.3\nInternational short-term uncommitted lines of credit borrowings\t20.0\t21.0\n\t1107.8\t395.3\nOther debt repayments\t\t\nPayments on Term Loan A Facility under the Credit Agreement\t0\t(126.3)\nPayments on 2022 and Delayed Draw Term Loan A Facility under the Credit Agreement\t(370.3)\t(160.5)\nPayments Term Loan A-1 Facility under the Credit Agreement\t(618.9)\t(12.2)\nPayments on Term Loan B Facility - USD under the Credit Agreement\t(17.1)\t(3.6)\nPayments on Term Loan B Facility - Euro under the Credit Agreement\t(16.4)\t(3.5)\nInternational short-term uncommitted lines of credit and other repayments\t(16.8)\t(36.8)\n\t(1039.5)\t(342.9)\n", "q10k_tbl_29": "Financing and Replacement Facilities\tInterest Rate Index and Margin\tMaturity/Termination Dates\tInitial Term (Years)\nCredit Agreement facilities\t\t\t\n2022 Revolving Facility(i)\tLIBOR + 4.25%\tApril 2022\t3.2\n2023 Revolving Facility(ii)\tLIBOR + 4.25%\tJuly 2023\t3.0\nTerm Loan B Facility - USD(i)\tLIBOR + 2.75%\tNovember 2023\t7.5\nTerm Loan B Facility - Euro(iii)\tEURIBOR + 3.00%\tNovember 2023\t7.5\n2024 Senior Notes\t8.5%\tApril 2024\t8\n2025 Senior Secured Notes - USD\t9.375%\tJuly 2025\t5\n2025 Senior Secured Notes - EUR\t9.0%\tJuly 2025\t5\n", "q10k_tbl_30": "\t2020\t2019\nBalance at January 1\t20.9\t130.4\nOther comprehensive income\t0\t(1.7)\nRedemption value adjustment\t(1.0)\t(18.6)\nRedemption of shares\t0\t(88.6)\nBalance at September 30\t19.9\t21.5\n", "q10k_tbl_31": "\t\t\t\t\tAccumulated Other Comprehensive Income (Loss)\tTotal Diebold Nixdorf Incorporated Shareholders' Equity\t\t\n\tCommon Shares\tAdditional Capital\tAccumulated Deficit\tTreasury Shares\t\tNon-controlling Interests\tTotal Equity\nBalance December 31 2019\t115.3\t773.9\t(472.3)\t(571.9)\t(375.3)\t(530.3)\t24.0\t(506.3)\nNet loss\t0\t0\t(92.8)\t0\t0\t(92.8)\t(0.6)\t(93.4)\nOther comprehensive loss\t0\t0\t0\t0\t(104.2)\t(104.2)\t(1.3)\t(105.5)\nShare-based compensation issued\t1.4\t(1.4)\t0\t0\t0\t0\t0\t0\nShare-based compensation expense\t0\t4.0\t0\t0\t0\t4.0\t0\t4.0\nTreasury shares\t0\t0\t0\t(4.6)\t0\t(4.6)\t0\t(4.6)\nReclassification of guaranteed dividend to accrued liabilities\t0\t0\t0\t0\t0\t0\t0\t0\nReclassifications of redeemable noncontrolling interest\t0\t0\t0\t0\t0\t0\t0\t0\nDivestitures net\t0\t0\t0\t0\t0\t0\t(4.8)\t(4.8)\nBalance March 31 2020\t116.7\t776.5\t(565.1)\t(576.5)\t(479.5)\t(727.9)\t17.3\t(710.6)\nNet loss\t0\t0\t(23.7)\t0\t0\t(23.7)\t0.6\t(23.1)\nOther comprehensive loss\t0\t0\t0\t0\t45.1\t45.1\t0\t45.1\nShare-based compensation issued\t0.2\t(0.2)\t0\t0\t0\t0\t0\t0\nShare-based compensation expense\t0\t3.6\t0\t0\t0\t3.6\t0\t3.6\nTreasury shares\t0\t0\t0\t(0.1)\t0\t(0.1)\t0\t(0.1)\nReclassification of guaranteed dividend to accrued liabilities\t0\t0\t0\t0\t0\t0\t0\t0\nReclassifications of redeemable noncontrolling interest\t0\t0\t0\t0\t0\t0\t0\t0\nDivestitures net\t0\t0\t0\t0\t0\t0\t(23.4)\t(23.4)\nBalance June 30 2020\t116.9\t779.9\t(588.8)\t(576.6)\t(434.4)\t(703.0)\t(5.5)\t(708.5)\nNet loss\t0\t0\t(101.4)\t0\t0\t(101.4)\t0.5\t(100.9)\nOther comprehensive loss\t0\t0\t0\t0\t(5.6)\t(5.6)\t(0.1)\t(5.7)\nShare-based compensation issued\t0\t(0.1)\t0\t0\t0\t(0.1)\t0\t(0.1)\nShare-based compensation expense\t0\t3.5\t0\t0\t0\t3.5\t0\t3.5\nTreasury shares\t0\t0\t0\t0\t0\t0\t0\t0\nReclassification of guaranteed dividend to accrued liabilities\t0\t0\t0\t0\t0\t0\t0\t0\nReclassifications of redeemable noncontrolling interest\t0\t0\t0\t0\t0\t0\t0\t0\nDivestitures net\t0\t0\t0\t0\t0\t0\t0\t0\nBalance September 30 2020\t116.9\t783.3\t(690.2)\t(576.6)\t(440.0)\t(806.6)\t(5.1)\t(811.7)\n", "q10k_tbl_32": "\t\t\t\t\tAccumulated Other Comprehensive Income (Loss)\tTotal Diebold Nixdorf Incorporated Shareholders' Equity\t\t\n\tCommon Shares\tAdditional Capital\tAccumulated Deficit\tTreasury Shares\t\tNon-controlling Interests\tTotal Equity\nBalance December 31 2018\t114.2\t741.8\t(131.0)\t(570.4)\t(304.3)\t(149.7)\t26.8\t(122.9)\nNet income (loss)\t0\t0\t(132.7)\t0\t0\t(132.7)\t0.8\t(131.9)\nOther comprehensive loss\t0\t0\t0\t0\t(1.9)\t(1.9)\t2.7\t0.8\nShare-based compensation issued\t0.7\t(0.7)\t0\t0\t0\t0\t0\t0\nShare-based compensation expense\t0\t9.3\t0\t0\t0\t9.3\t0\t9.3\nTreasury shares\t0\t0\t0\t(1.1)\t0\t(1.1)\t0\t(1.1)\nReclassification of guaranteed dividend to accrued liabilities\t0\t0\t0\t0\t0\t0\t(0.6)\t(0.6)\nReclassifications of redeemable noncontrolling interest\t0\t10.6\t0\t0\t0\t10.6\t0\t10.6\nDivestitures net\t0\t0\t0\t0\t0\t0\t(3.0)\t(3.0)\nBalance March 31 2019\t114.9\t761.0\t(263.7)\t(571.5)\t(306.2)\t(265.5)\t26.7\t(238.8)\nNet income (loss)\t0\t0\t(50.3)\t0\t0\t(50.3)\t(5.0)\t(55.3)\nOther comprehensive loss\t0\t0\t0\t0\t18.6\t18.6\t(2.5)\t16.1\nShare-based compensation issued\t0.3\t(0.3)\t0\t0\t0\t0\t0\t0\nShare-based compensation expense\t0\t4.8\t0\t0\t0\t4.8\t0\t4.8\nTreasury shares\t0\t0\t0\t(0.3)\t0\t(0.3)\t0\t(0.3)\nReclassification of guaranteed dividend to accrued liabilities\t0\t0\t0\t0\t0\t0\t5.6\t5.6\nReclassifications of redeemable noncontrolling interest\t0\t(0.2)\t0\t0\t0\t(0.2)\t0\t(0.2)\nDivestitures net\t0\t0\t0\t0\t0\t0\t0\t0\nBalance June 30 2019\t115.2\t765.3\t(314.0)\t(571.8)\t(287.6)\t(292.9)\t24.8\t(268.1)\nNet income (loss)\t0\t0\t(35.7)\t0\t0\t(35.7)\t0.9\t(34.8)\nOther comprehensive loss\t0\t0\t0\t0\t(90.9)\t(90.9)\t(1.0)\t(91.9)\nShare-based compensation issued\t0\t0\t0\t0\t0\t0\t0\t0\nShare-based compensation expense\t0\t5.3\t0\t0\t0\t5.3\t0\t5.3\nTreasury shares\t0\t0\t0\t0\t0\t0\t0\t0\nReclassification of guaranteed dividend to accrued liabilities\t0\t0\t0\t0\t0\t0\t0\t0\nReclassifications of redeemable noncontrolling interest\t0\t0.2\t0\t0\t0\t0.2\t0\t0.2\nDivestitures net\t0\t0\t0\t0\t0\t0\t0\t0\nBalance September 30 2019\t115.2\t770.8\t(349.7)\t(571.8)\t(378.5)\t(414.0)\t24.7\t(389.3)\n", "q10k_tbl_33": "\tTranslation\tForeign Currency Hedges\tInterest Rate Hedges\tPension and Other Post-retirement Benefits\tOther\tAccumulated Other Comprehensive Income (Loss)\nBalance at June 30 2020\t(284.3)\t(0.4)\t(11.6)\t(137.5)\t(0.6)\t(434.4)\nOther comprehensive income (loss) before reclassifications (1)\t(9.9)\t(0.4)\t3.0\t0\t0\t(7.3)\nAmounts reclassified from AOCI\t0\t0\t(0.4)\t2.1\t0\t1.7\nNet current-period other comprehensive income (loss)\t(9.9)\t(0.4)\t2.6\t2.1\t0\t(5.6)\nBalance at September 30 2020\t(294.2)\t(0.8)\t(9.0)\t(135.4)\t(0.6)\t(440.0)\n", "q10k_tbl_34": "\tTranslation\tForeign Currency Hedges\tInterest Rate Hedges\tPension and Other Post-retirement Benefits\tOther\tAccumulated Other Comprehensive Income (Loss)\nBalance at June 30 2019\t(174.7)\t(1.8)\t5.9\t(117.2)\t0.2\t(287.6)\nOther comprehensive income (loss) before reclassifications (1)\t(90.7)\t(0.2)\t(3.0)\t0\t0\t(93.9)\nAmounts reclassified from AOCI\t0\t0\t0.8\t2.2\t0\t3.0\nNet current-period other comprehensive income (loss)\t(90.7)\t(0.2)\t(2.2)\t2.2\t0\t(90.9)\nBalance at September 30 2019\t(265.4)\t(2.0)\t3.7\t(115.0)\t0.2\t(378.5)\n", "q10k_tbl_35": "\tTranslation\tForeign Currency Hedges\tInterest Rate Hedges\tPension and Other Post-retirement Benefits\tOther\tAccumulated Other Comprehensive Income (Loss)\nBalance at January 1 2020\t(231.5)\t(2.6)\t5.2\t(146.6)\t0.2\t(375.3)\nOther comprehensive income (loss) before reclassifications (1)\t(62.7)\t1.8\t(19.1)\t0\t(0.8)\t(80.8)\nAmounts reclassified from AOCI\t0\t0\t4.9\t11.2\t0\t16.1\nNet current-period other comprehensive income (loss)\t(62.7)\t1.8\t(14.2)\t11.2\t(0.8)\t(64.7)\nBalance at September 30 2020\t(294.2)\t(0.8)\t(9.0)\t(135.4)\t(0.6)\t(440.0)\n", "q10k_tbl_36": "\tTranslation\tForeign Currency Hedges\tInterest Rate Hedges\tPension and Other Post-retirement Benefits\tOther\tAccumulated Other Comprehensive Income (Loss)\nBalance at January 1 2019\t(192.1)\t(1.9)\t10.6\t(121.0)\t0.1\t(304.3)\nOther comprehensive income (loss) before reclassifications (1)\t(73.3)\t(0.1)\t(8.7)\t0\t0.1\t(82.0)\nAmounts reclassified from AOCI\t0\t0\t1.8\t6.0\t0\t7.8\nNet current-period other comprehensive income (loss)\t(73.3)\t(0.1)\t(6.9)\t6.0\t0.1\t(74.2)\nBalance at September 30 2019\t(265.4)\t(2.0)\t3.7\t(115.0)\t0.2\t(378.5)\n", "q10k_tbl_37": "\tThree Months Ended\t\tNine Months Ended\t\tAffected Line Item in the Statement of Operations\n\tSeptember 30\t\tSeptember 30\t\n\t2020\t2019\t2020\t2019\nInterest rate hedges\t(0.4)\t0.8\t4.9\t1.8\tInterest expense\nPension and post-retirement benefits:\t\t\t\t\t\nNet actuarial gain (loss) amortization (net of tax of $0.6 $(1.9) $2.4 and $(1.2) respectively)\t2.1\t2.2\t11.2\t6.0\t(1)\nTotal reclassifications for the period\t1.7\t3.0\t16.1\t7.8\t\n", "q10k_tbl_38": "\tPension Benefits\t\t\t\t\t\n\tU.S.Plans\t\tNon-U.S. Plans\t\tOther Benefits\t\n\t2020\t2019\t2020\t2019\t2020\t2019\nComponents of net periodic benefit cost\t\t\t\t\t\t\nService cost\t1.0\t0.9\t2.5\t2.5\t0\t0\nInterest cost\t4.7\t5.5\t1.1\t1.6\t0\t0.2\nExpected return on plan assets\t(6.3)\t(6.2)\t(3.3)\t(3.1)\t0\t0\nRecognized net actuarial loss\t1.9\t1.3\t(0.2)\t(0.4)\t0\t0.1\nRecognition establishment of Germany benefit obligation\t0\t0\t0\t6.6\t0\t0\nOther\t0\t0\t0.1\t0\t0\t0\nNet periodic pension benefit cost\t1.3\t1.5\t0.2\t7.2\t0\t0.3\n", "q10k_tbl_39": "\tPension Benefits\t\t\t\t\t\n\tU.S.Plans\t\tNon-U.S. Plans\t\tOther Benefits\t\n\t2020\t2019\t2020\t2019\t2020\t2019\nComponents of net periodic benefit cost\t\t\t\t\t\t\nService cost\t2.9\t2.7\t7.6\t7.4\t0\t0\nInterest cost\t14.2\t16.5\t3.1\t4.9\t0.1\t0.7\nExpected return on plan assets\t(19.1)\t(18.6)\t(9.8)\t(9.4)\t0\t0\nRecognized net actuarial loss\t5.8\t3.9\t(0.5)\t(1.2)\t(0.1)\t0.3\nRecognition establishment of Germany benefit obligation\t0\t0\t0\t6.6\t0\t0\nOther\t0\t0\t0.2\t0\t0\t0\nNet periodic pension benefit cost\t3.8\t4.5\t0.6\t8.3\t0\t1.0\n", "q10k_tbl_40": "Derivative instrument\t\tClassification on condensed consolidated statements of operations\t\tThree Months Ended\t\t\t\tNine Months Ended\t\n\tSeptember 30\t\t\t\tSeptember 30\t\t\n\t2020\t\t2019\t\t2020\t\t2019\nInterest rate swaps and non-designated hedges\t\tInterest expense\t\t(5.3)\t\t(1.0)\t\t(10.2)\t(2.5)\nForeign exchange forward contracts and cash flow hedges\t\tNet sales\t\t0.4\t\t0.2\t\t0.9\t(0.3)\nForeign exchange forward contracts and cash flow hedges\t\tForeign exchange gain (loss) net\t\t(25.0)\t\t0\t\t(32.2)\t0.7\nTotal\t\t\t\t(29.9)\t\t(0.8)\t\t(41.5)\t(2.1)\n", "q10k_tbl_41": "\t\tSeptember 30 2020\t\t\tDecember 31 2019\t\t\n\t\t\tFair Value Measurements Using\t\t\tFair Value Measurements Using\t\n\tClassification on condensed consolidated Balance Sheets\tFair Value\tLevel 1\tLevel 2\tFair Value\tLevel 1\tLevel 2\nAssets\t\t\t\t\t\t\t\nShort-term investments\t\t\t\t\t\t\t\nCertificates of deposit\tShort-term investments\t6.8\t6.8\t0\t10.0\t10.0\t0\nAssets held in rabbi trusts\tSecurities and other investments\t6.0\t6.0\t0\t6.2\t6.2\t0\nForeign exchange forward contracts\tOther current assets\t3.1\t0\t3.1\t2.9\t0\t2.9\nInterest rate swaps\tOther current assets\t0\t0\t0\t1.7\t0\t1.7\nInterest rate swaps\tSecurities and other investments\t0\t0\t0\t0.1\t0\t0.1\nTotal\t\t15.9\t12.8\t3.1\t20.9\t16.2\t4.7\nLiabilities\t\t\t\t\t\t\t\nForeign exchange forward contracts\tOther current liabilities\t4.1\t0\t4.1\t2.9\t0\t2.9\nInterest rate swaps\tOther liabilities\t6.0\t0\t6.0\t2.3\t0\t2.3\nDeferred compensation\tOther liabilities\t6.0\t6.0\t0\t6.2\t6.2\t0\nTotal\t\t16.1\t6.0\t10.1\t11.4\t6.2\t5.2\n", "q10k_tbl_42": "\tSeptember 30 2020\t\tDecember 31 2019\t\n\tFair Value\tCarrying Value\tFair Value\tCarrying Value\n2024 Senior Notes\t363.2\t400.0\t387.0\t400.0\n2025 Senior Secured Notes - USD\t735.9\t700.0\t0\t0\n2025 Senior Secured Notes - EUR\t421.4\t409.8\t0\t0\n", "q10k_tbl_43": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2020\t2019\t2020\t2019\nNet sales summary by segment\t\t\t\t\nEurasia Banking\t364.2\t405.2\t1012.4\t1218.0\nAmericas Banking\t368.5\t403.7\t1044.6\t1186.3\nRetail\t262.5\t269.9\t739.4\t852.8\nTotal revenue\t995.2\t1078.8\t2796.4\t3257.1\nIntersegment revenue\t\t\t\t\nEurasia Banking\t32.9\t35.4\t86.7\t137.4\nAmericas Banking\t4.6\t3.1\t9.5\t10.8\nTotal intersegment revenue\t37.5\t38.5\t96.2\t148.2\nSegment operating profit\t\t\t\t\nEurasia Banking\t49.9\t41.5\t119.9\t114.0\nAmericas Banking\t43.4\t28.8\t153.0\t79.8\nRetail\t22.9\t13.5\t49.7\t37.2\nTotal segment operating profit\t116.2\t83.8\t322.6\t231.0\nCorporate charges not allocated to segments (1)\t(26.7)\t(17.4)\t(71.9)\t(63.5)\nImpairment of assets\t(4.1)\t0\t(4.1)\t0\nRestructuring and DN Now transformation expenses\t(41.8)\t(20.6)\t(110.2)\t(64.2)\nNet non-routine expense\t(19.8)\t(22.6)\t(118.1)\t(97.3)\n\t(92.4)\t(60.6)\t(304.3)\t(225.0)\nOperating profit (loss)\t23.8\t23.2\t18.3\t6.0\nOther income (expense)\t(146.2)\t(53.4)\t(240.6)\t(153.2)\nLoss before taxes\t(122.4)\t(30.2)\t(222.3)\t(147.2)\n", "q10k_tbl_44": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30 2020\t\tSeptember 30 2020\t\n\t2020\t2019\t2020\t2019\nSegments\t\t\t\t\nEurasia Banking\t\t\t\t\nServices\t198.5\t241.8\t597.1\t740.0\nProducts\t165.7\t163.4\t415.3\t478.0\nTotal Eurasia Banking\t364.2\t405.2\t1012.4\t1218.0\nAmericas Banking\t\t\t\t\nServices\t247.8\t252.6\t721.7\t746.0\nProducts\t120.7\t151.1\t322.9\t440.3\nTotal Americas Banking\t368.5\t403.7\t1044.6\t1186.3\nRetail\t\t\t\t\nServices\t142.6\t148.6\t417.6\t445.0\nProducts\t119.9\t121.3\t321.8\t407.8\nTotal Retail\t262.5\t269.9\t739.4\t852.8\nTotal net sales\t995.2\t1078.8\t2796.4\t3257.1\n", "q10k_tbl_45": "Timing of revenue recognition\t2020\t2019\nProducts transferred at a point in time\t38%\t41%\nProducts and services transferred over time\t62%\t59%\nNet sales\t100%\t100%\n", "q10k_tbl_46": "Contract balance information\tTrade Receivables\tContract liabilities\nBalance at December 31\t619.3\t320.5\nBalance at September 30\t668.1\t247.3\n", "q10k_tbl_47": "\tThree Months Ended\t\t\t\tPercent of Total Net Sales for the Three Months Ended\t\n\tSeptember 30\t\t\t\tSeptember 30\t\n\t2020\t2019\t% Change\t% Change in CC (1)\t2020\t2019\nSegments\t\t\t\t\t\t\nEurasia Banking\t\t\t\t\t\t\nServices\t198.5\t241.8\t(17.9)\t(20.1)\t19.9\t22.4\nProducts\t165.7\t163.4\t1.4\t(1.9)\t16.7\t15.2\nTotal Eurasia Banking\t364.2\t405.2\t(10.1)\t(12.7)\t36.6\t37.6\nAmericas Banking\t\t\t\t\t\t\nServices\t247.8\t252.6\t(1.9)\t0.6\t24.9\t23.4\nProducts\t120.7\t151.1\t(20.1)\t(14.0)\t12.1\t14.0\nTotal Americas Banking\t368.5\t403.7\t(8.7)\t(4.7)\t37.0\t37.4\nRetail\t\t\t\t\t\t\nServices\t142.6\t148.6\t(4.0)\t(7.6)\t14.3\t13.8\nProducts\t119.9\t121.3\t(1.2)\t(4.4)\t12.0\t11.2\nTotal Retail\t262.5\t269.9\t(2.7)\t(6.2)\t26.3\t25.0\nTotal net sales\t995.2\t1078.8\t(7.7)\t(8.2)\t99.9\t100.0\n", "q10k_tbl_48": "\tNine Months Ended\t\t\t\tPercent of Total Net Sales for the Nine Months Ended\t\n\tSeptember 30\t\t\t\tSeptember 30\t\n\t2020\t2019\t% Change\t% Change in CC (1)\t2020\t2019\nSegments\t\t\t\t\t\t\nEurasia Banking\t\t\t\t\t\t\nServices\t597.1\t740.0\t(19.3)\t(18.6)\t21.4\t22.7\nProducts\t415.3\t478.0\t(13.1)\t(12.6)\t14.8\t14.7\nTotal Eurasia Banking\t1012.4\t1218.0\t(16.9)\t(16.2)\t36.2\t37.4\nAmericas Banking\t\t\t\t\t\t\nServices\t721.7\t746.0\t(3.3)\t(1.1)\t25.8\t22.9\nProducts\t322.9\t440.3\t(26.7)\t(22.2)\t11.5\t13.4\nTotal Americas Banking\t1044.6\t1186.3\t(11.9)\t(8.8)\t37.4\t36.4\nRetail\t\t\t\t\t\t\nServices\t417.6\t445.0\t(6.2)\t(5.5)\t14.9\t13.7\nProducts\t321.8\t407.8\t(21.1)\t(20.5)\t11.5\t12.5\nTotal Retail\t739.4\t852.8\t(13.3)\t(12.7)\t26.4\t26.2\nTotal net sales\t2796.4\t3257.1\t(14.1)\t(12.6)\t100.0\t100.0\n", "q10k_tbl_49": "\tThree Months Ended\t\tNine Months Ended\t\t\n\tSeptember 30\t\tSeptember 30\t\t\n\t2020\t2019\t% Change\t2020\t2019\t\t\t\t% Change\t\t\t\t\t\nGross profit - services\t189.7\t180.6\t5.0\t509.9\t507.7\t\t\t\t0.4\t\t\t\t\t\nGross profit - products\t94.4\t90.8\t4.0\t248.6\t289.0\t\t\t\t(14.0)\t\t\t\t\t\nTotal gross profit\t284.1\t271.4\t4.7\t758.5\t796.7\t\t\t\t(4.8)\t\t\t\t\t\nGross margin - services\t32.2%\t28.1%\t\t29.4%\t26.3%\t\t\t\t\t\t\t\t\t\nGross margin - products\t23.2%\t20.8%\t\t23.5%\t21.8%\t\t\t\t\t\t\t\t\t\nTotal gross margin\t28.5%\t25.2%\t\t27.1%\t24.5%\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_50": "\tThree Months Ended\t\t\tNine Months Ended\t\t\n\tSeptember 30\t\t\tSeptember 30\t\t\n\t2020\t2019\t% Change\t\t2020\t2019\t\t\t\t% Change\t\t\nSelling and administrative expense\t226.0\t219.9\t2.8\t\t629.7\t674.3\t\t\t\t(6.6)\t\t\nResearch development and engineering expense\t30.2\t36.8\t(17.9)\t\t93.4\t109.8\t\t\t\t(14.9)\t\t\nImpairment of assets\t4.1\t0\tN/M\t\t4.1\t0\t\t\t\tN/M\t\t\n(Gain) loss on sale of assets net\t0\t(8.5)\t100.0\t\t13.0\t6.6\t\t\t\t97.0\t\t\nTotal operating expenses\t260.3\t248.2\t4.9\t\t740.2\t790.7\t\t\t\t(6.4)\t\t\nPercent of net sales\t26.2%\t23.0%\t\t\t26.5%\t24.3%\t\t\t\t\t\t\n", "q10k_tbl_51": "\tThree Months Ended\t\t\tNine Months Ended\t\t\n\tSeptember 30\t\t\tSeptember 30\t\t\n\t2020\t2019\t% Change\t\t2020\t2019\t\t\t\t% Change\t\t\nOperating profit (loss)\t23.8\t23.2\t2.6\t\t18.3\t6.0\t\t\t\t205.0\t\t\nOperating margin\t2.4%\t2.2%\t\t\t0.7%\t0.2%\t\t\t\t\t\t\n", "q10k_tbl_52": "\tThree Months Ended\t\t\tNine Months Ended\t\t\n\tSeptember 30\t\t\tSeptember 30\t\t\n\t2020\t2019\t% Change\t\t2020\t2019\t\t\t\t% Change\t\t\nInterest income\t1.9\t1.9\t0\t\t5.4\t7.0\t\t\t\t(22.9)\t\t\nInterest expense\t(144.3)\t(52.5)\tN/M\t\t(240.6)\t(153.3)\t\t\t\t(56.9)\t\t\nForeign exchange gain net\t(2.3)\t(1.8)\t(27.8)\t\t(9.5)\t(4.1)\t\t\t\tN/M\t\t\nMiscellaneous net\t(1.5)\t(1.0)\t(50.0)\t\t4.1\t(2.8)\t\t\t\tN/M\t\t\nOther income (expense) net\t(146.2)\t(53.4)\tN/M\t\t(240.6)\t(153.2)\t\t\t\t(57.0)\t\t\n", "q10k_tbl_53": "\tThree Months Ended\t\t\tNine Months Ended\t\t\n\tSeptember 30\t\t\tSeptember 30\t\t\n\t2020\t2019\t% Change\t\t2020\t2019\t\t\t\t% Change\t\t\nNet loss\t(100.9)\t(34.8)\tN/M\t\t(217.4)\t(222.0)\t\t\t\t2.1\t\t\nPercent of net sales\t(10.1)%\t(3.2)%\t\t\t(7.8)%\t(6.8)%\t\t\t\t\t\t\nEffective tax rate\t17.6%\t(17.2)%\t\t\t2.2%\t(50.8)%\t\t\t\t\t\t\n", "q10k_tbl_54": "\tThree Months Ended\t\t\tNine Months Ended\t\t\n\tSeptember 30\t\t\tSeptember 30\t\t\nEurasia Banking:\t2020\t2019\t% Change\t\t2020\t2019\t\t\t\t% Change\t\t\nNet sales\t364.2\t405.2\t(10.1)\t\t1012.4\t1218.0\t\t\t\t(16.9)\t\t\nSegment operating profit\t49.9\t41.5\t20.2\t\t119.9\t114.0\t\t\t\t5.2\t\t\nSegment operating profit margin\t13.7%\t10.2%\t\t\t11.8%\t9.4%\t\t\t\t\t\t\n", "q10k_tbl_55": "\tThree Months Ended\t\t\tNine Months Ended\t\t\n\tSeptember 30\t\t\tSeptember 30\t\t\nAmericas Banking:\t2020\t2019\t% Change\t\t2020\t2019\t\t\t\t% Change\t\t\nNet sales\t368.5\t403.7\t(8.7)\t\t1044.6\t1186.3\t\t\t\t(11.9)\t\t\nSegment operating profit\t43.4\t28.8\t50.7\t\t153.0\t79.8\t\t\t\t91.7\t\t\nSegment operating profit margin\t11.8%\t7.1%\t\t\t14.6%\t6.7%\t\t\t\t\t\t\n", "q10k_tbl_56": "\tThree Months Ended\t\t\tNine Months Ended\t\t\n\tSeptember 30\t\t\tSeptember 30\t\t\nRetail:\t2020\t2019\t% Change\t\t2020\t2019\t\t\t\t% Change\t\t\nNet sales\t262.5\t269.9\t(2.7)\t\t739.4\t852.8\t\t\t\t(13.3)\t\t\nSegment operating profit\t22.9\t13.5\t69.6\t\t49.7\t37.2\t\t\t\t33.6\t\t\nSegment operating profit margin\t8.7%\t5.0%\t\t\t6.7%\t4.4%\t\t\t\t\t\t\n", "q10k_tbl_57": "\tSeptember 30 2020\tDecember 31 2019\nCash and cash equivalents (excluding restricted cash)\t273.7\t277.3\nAdditional cash availability from:\t\t\nCash included in assets held for sale\t3.8\t97.2\nUncommitted lines of credit\t24.9\t36.7\nRevolving Facility\t150.2\t387.3\nShort-term investments\t6.8\t10.0\nTotal cash and cash availability\t459.4\t808.5\n", "q10k_tbl_58": "Summary of cash flows:\tSeptember 30 2020\tSeptember 30 2019\nNet cash provided (used) by operating activities\t(209.4)\t7.4\nNet cash provided (used) by investing activities\t(40.7)\t10.2\nNet cash provided (used) by financing activities\t160.8\t(184.9)\nEffect of exchange rate changes on cash and cash equivalents\t(7.7)\t(7.2)\nChange in cash cash equivalents and restricted cash\t(97.0)\t(174.5)\n", "q10k_tbl_59": "\tSummarized Balance Sheets\t\n\tSeptember 30 2020\tDecember 31 2019\nTotal current assets\t528.2\t919.3\nTotal non-current assets\t1434.5\t1994.7\nTotal current liabilities\t1090.2\t1127.3\nTotal non-current liabilities\t2220.9\t2310.4\n", "q10k_tbl_60": "\tSummarized Statements of Operations\t\n\tNine Months Ended\tYear Ended\n\tSeptember 30 2020\tDecember 31 2019\nNet sales\t833.8\t1206.6\nCost of sales\t588.0\t963.0\nSelling and administrative expense\t322.7\t355.3\nResearch development and engineering expense\t23.0\t40.1\nImpairment of assets\t0\t5.1\nLoss (gain) on sale of assets net\t0.1\t(6.1)\nInterest income\t0.5\t2.1\nInterest expense\t(226.9)\t(190.1)\nForeign exchange (loss) gain net\t(8.3)\t0.9\nMiscellaneous net\t85.8\t94.0\nLoss from continuing operations before taxes\t(248.9)\t(243.9)\nNet (loss) income\t(217.9)\t(341.3)\nNet (loss) income attributable to Diebold Nixdorf Incorporated\t(217.9)\t(341.3)\n", "q10k_tbl_61": "\tSummarized Balance Sheets\t\n\tSeptember 30 2020\tDecember 31 2019\nTotal current assets\t178.5\t590.4\nTotal non-current assets\t682.5\t743.2\n", "q10k_tbl_62": "Period\tTotal Number of Shares Purchased (1)\tAverage Price Paid Per Share\tTotal Number of Shares Purchased as Part of Publicly Announced Plans (2)\tMaximum Number of Shares that May Yet Be Purchased Under the Plans (2)\nJuly\t288\t10.78\t0\t2426177\nAugust\t2168\t8.13\t0\t2426177\nSeptember\t0\t0\t0\t2426177\nTotal\t2456\t8.44\t0\t\n", "q10k_tbl_63": "3.1(i)\tAmended and Restated Articles of Incorporation of Diebold Incorporated - incorporated by reference to Exhibit 3.1(i) to Registrant's Annual Report on Form 10-K for the year ended December 31 1994 (Commission File No. 1-4879)\n3.1(ii)\tAmended and Restated Code of Regulations - incorporated by reference to Exhibit 3.1(ii) to Registrant's Current Report on Form 8-K filed on February 17 2017 (Commission File No. 1-4879)\n3.2\tCertificate of Amendment by Shareholders to Amended Articles of Incorporation of Diebold Incorporated - incorporated by reference to Exhibit 3.2 to Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31 1996 (Commission File No. 1-4879)\n3.3\tCertificate of Amendment to Amended Articles of Incorporation of Diebold Incorporated - incorporated by reference to Exhibit 3.3 to Registrant's Annual Report on Form 10-K for the year ended December 31 1998 (Commission File No. 1-4879)\n3.4\tCertificate of Amendment to Amended Articles of Incorporation of Diebold Nixdorf Incorporated - incorporated by reference to Exhibit 3.1(i) to Registrant's Current Report on Form 8-K filed on December 12 2016 (Commission File No. 1-4879)\n3.5\tCertificate of Amendment to Amended Articles of Incorporation of Diebold Nixdorf Incorporated effective April 26 2017 - incorporated by reference to Exhibit 3.5 to Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31 2017 (Commission File No. 1-4879)\n4.1\tIndenture dated as of July 20 2020 among Diebold Nixdorf Incorporated as issuer the subsidiaries of Diebold Nixdorf Incorporated named therein as guarantors and U.S. Bank National Association as trustee and notes collateral agent relating to Diebold Nixdorf Incorporated's 9.375% Senior Secured Notes due 2025 - incorporated by reference to exhibit 4.1 to Registrant's Current Report on Form 8-K filed on July 24 2020 (Commission File No. 1-4879)\n4.2\tForm of 9.375% Senior Secured Notes due 2025 (included in Exhibit 4.1)\n4.3\tIndenture dated as of July 20 2020 among Diebold Nixdorf Dutch Holding B.V. as issuer Diebold Nixdorf Incorporated as guarantor the subsidiaries of Diebold Nixdorf Incorporated named therein as guarantors Euroclear Financial Services DAC as paying agent transfer agent and registrar and U.S. Bank National Association as trustee and U.S. Bank Trustees Limited as notes collateral agent relating to Diebold Nixdorf Dutch Holding B.V.'s 9.000% Senior Secured Notes due 2025 - incorporated by reference to exhibit 4.3 to Registrant's Current Report on Form 8-K filed on July 24 2020 (Commission File No. 1-4879)\n4.4\tForm of 9.000% Senior Secured Notes due 2025 (included in Exhibit 4.3)\n10.1\tNinth Amendment dated as of July 20 2020 by and among Diebold Nixdorf Incorporated as borrower the subsidiary borrowers named therein the guarantors party thereto from time to time JPMorgan Chase Bank N.A. as administrative agent and the other institutions named on the signature pages thereto - incorporated by reference to Exhibit 10.1 to Registrant's Current Report on Form 8-K filed on July 24 2020 (Commission File No. 1-4879)\n22.1\tList of Subsidiary Guarantors\n31.1\tCertification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002\n31.2\tCertification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002\n32.1\tCertification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 18 U.S.C. Section 1350\n32.2\tCertification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 18 U.S.C. Section 1350\n101.INS\tInline XBRL Instance Document\n101.SCH\tInline XBRL Taxonomy Extension Schema Document\n101.CAL\tInline XBRL Taxonomy Extension Calculation Linkbase Document\n101.DEF\tInline XBRL Taxonomy Extension Definition Linkbase Document\n101.LAB\tInline XBRL Taxonomy Extension Label Linkbase Document\n101.PRE\tInline XBRL Taxonomy Extension Presentation Linkbase Document\n104\tCover Page Interactive Data File (embedded within the Inline XBRL document included in Exhibit 101)\n"}{"bs": "q10k_tbl_3", "is": "q10k_tbl_4", "cf": "q10k_tbl_6"}None
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common shares, $1.25 par value per share
DBD
New York Stock Exchange
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
Number of shares of common stock outstanding as of October 23, 2020 was 77,678,423.
Preferred shares, no par value, 1,000,000 authorized shares, none issued
—
—
Common shares, $1.25 par value, 125,000,000 authorized shares, 93,524,415 and 92,208,247 issued shares, 77,672,179 and 76,813,013 outstanding shares, respectively
116.9
115.3
Additional capital
783.3
773.9
Accumulated deficit
(690.2)
(472.3)
Treasury shares, at cost (15,852,236 and 15,395,234 shares, respectively)
(576.6)
(571.9)
Accumulated other comprehensive loss
(440.0)
(375.3)
Total Diebold Nixdorf, Incorporated shareholders' equity
(806.6)
(530.3)
Noncontrolling interests
(5.1)
24.0
Total equity
(811.7)
(506.3)
Total liabilities, redeemable noncontrolling interests and equity
$
3,627.8
$
3,790.6
See accompanying notes to condensed consolidated financial statements.
Notes to Condensed Consolidated Financial Statements
(unaudited)
(in millions, except per share amounts)
Note 1: Basis of Presentation
The accompanying unaudited condensed consolidated financial statements of Diebold Nixdorf, Incorporated and its subsidiaries (collectively, the Company) have been prepared in accordance with the instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States (U.S. GAAP); however, such information reflects all adjustments (consisting solely of normal recurring adjustments) that are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented.
The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes contained in the Company’s annual report on Form 10-K for the year ended December 31, 2019. In addition, some of the Company’s statements in this quarterly report on Form 10-Q may involve risks and uncertainties that could significantly impact expected future results. The results of operations for the three and nine months ended September 30, 2020 are not necessarily indicative of results to be expected for the full year.
The Company has reclassified the presentation of certain prior-year information to conform to the current presentation.
Recently Adopted Accounting Guidance
Standards Adopted
Description
Effective Date
ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement
This Accounting Standard Update (ASU) is designed to improve the effectiveness of disclosures by removing, modifying and adding disclosures related to fair value measurements. The adoption of this ASU did not have a significant impact on the Company's condensed consolidated financial statements.
January 1, 2020
ASU 2018-18, Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606
The amendments in this ASU provide guidance on whether certain transactions between collaborative arrangement participants should be accounted for under Topic 606. The adoption of this ASU did not have a significant impact on the Company's condensed consolidated financial statements.
January 1, 2020
ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments
The amendments in this ASU replace the incurred loss impairment methodology with the current expected credit loss methodology. This will change the measurement of credit losses on financial instruments and the timing of when such losses are recorded. The adoption of this ASU did not have a significant impact on the Company's condensed consolidated financial statements.
This ASU is intended to clarify the Accounting Standard Codification (ASC) more generally and/or to correct unintended application of guidance. The amendments in this ASU include three Issues: Determining the fair value of the underlying asset by lessors that are not manufacturers or dealers (Issue 1) Presentation on the statement of cash flows—sales-type and direct financing leases (Issue 2) and Transition disclosures related to Topic 250, Accounting Changes and Error Corrections (Issue 3). The adoption of this ASU did not have a significant impact on the Company’s condensed consolidated financial statements.
January 1, 2020
ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments
This ASU is designed to clarify, correct, and improve various aspects of the guidance in the following ASUs related to financial instruments: ASU 2016-01 - Financial Instruments - Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Liabilities; ASU 2016-13 - Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments; and ASU 2017-12 - Derivatives and Hedging (Topic 815): Targeted Improvements for Hedging Activities. The adoption of this ASU did not have a significant impact on the Company's condensed consolidated financial statements.
Notes to Condensed Consolidated Financial Statements (continued)
(unaudited)
(in millions, except per share amounts)
Securities and Exchange Commission (SEC) Release # 33-10762, Financial Disclosures about Guarantors and Issuers of Guaranteed Securities and
Affiliates Whose Securities Collateralize a Registrant’s Securities
On March 2, 2020, the SEC issued a final rule that amended the disclosure requirements related to certain registered securities under SEC Regulation S-X, Rule 3-10, which required separate financial statements for subsidiary issuers and guarantors of registered debt securities unless certain exceptions are met. The final rule replaces the previous requirement under Rule 3-10 to provide condensed consolidating financial information in the registrant’s financial statements with a requirement to provide alternative financial disclosures. As a result, we have excluded the footnote disclosures required under the previous Rule 3-10, and applied the final rule by including the summarized financial information and qualitative disclosures in Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations of this Quarterly Report on Form 10-Q and Exhibit 22.1, filed herewith.
January 4, 2021 (early adopted for the period ended September 30, 2020)
Note 2: Leases
The Company utilizes lease agreements to meet its operating needs. These leases support global staff via the use of office space, warehouses, vehicles and information technology (IT) equipment. The Company utilizes both operating and finance leases in its portfolio of leased assets; however, the majority of these leases are classified as operating. A significant portion of the volume of the lease portfolio is in fleet vehicles and IT office equipment; however, real estate leases constitute a majority of the value of the right-of-use (ROU) assets. Lease agreements are utilized worldwide, with the largest location concentration in the United States, Germany and India. The Company's lease population has initial lease terms ranging from less than one year to approximately ten years. Some leases include one or more options to renew, with renewal terms that can extend the lease term from six months to 15 years.
The following table summarizes the weighted-average remaining lease terms and discount rates related to the Company's lease population at:
September 30, 2020
September 30, 2019
Weighted-average remaining lease terms (in years)
Operating leases
4.2
4.8
Finance leases
3.8
2.4
Weighted-average discount rate
Operating leases
11.5
%
12.2
%
Finance leases
10.9
%
24.1
%
The weighted-average discount rates used for operating and finance leases varies due to the jurisdictional composition. The Company has an immaterial amount of finance leases. In 2019, the Company's finance leases were primarily comprised of leases in Turkey, which have higher interest rates. The weighted-average discount rate for finance leases decreased in 2020 compared to 2019 due to an increase in finance leases globally that had rates lower than the rates for Turkish leases.
Certain lease agreements include payments based on a variety of global indexes or rates. These payment amounts have been projected using the index or rate as of lease commencement or the transition date and measured in ROU assets and lease liabilities. Other leases contain variable payments that are based on actual usage of the underlying assets and, therefore, are not measured in assets or liabilities as the variable payments are not based on an index or a rate. For real estate leases, these payments are most often tied to non-committed maintenance or utilities charges, and for equipment leases, to actual output or hours in operation. These amounts typically become known when the invoice is received, which is when expense is recognized. In rare circumstances, the Company's lease agreements may contain residual value guarantees. The Company's lease agreements do not contain any restrictions or covenants, such as those relating to dividends or incurring additional financial obligations.
As of September 30, 2020, the Company did not have any material leases that have not yet commenced but that create significant rights and obligations.
Notes to Condensed Consolidated Financial Statements (continued)
(unaudited)
(in millions, except per share amounts)
The Company determines whether an arrangement is or includes a lease at contract inception. All contracts containing the right to use an underlying asset are reviewed to confirm that the contract meets the definition of a lease. ROU assets and liabilities are recognized at commencement date and initially measured based on the present value of lease payments over the defined lease term.
As most leases do not provide an explicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. In order to apply the incremental borrowing rate, a rate table was developed to assign the appropriate rate to each lease based on lease term and currency of payments. For leases with large numbers of underlying assets, a portfolio approach with a collateralized rate was utilized. Assets were grouped based on similar lease terms and economic environments in a manner whereby the Company reasonably expects that the application does not differ materially from a lease-by-lease approach.
The following table summarizes the components of lease expense:
Three Months Ended
Nine Months Ended
September 30,
September 30,
2020
2019
2020
2019
Lease expense
Operating lease expense
$
24.6
$
23.2
$
71.9
$
65.3
Finance lease expense
Amortization of ROU lease assets
$
0.4
$
0.1
$
1.1
$
0.4
Interest on lease liabilities
$
0.1
$
0.1
$
0.4
$
0.3
Variable lease expense
$
1.9
$
3.2
$
6.5
$
11.4
The following table summarizes the maturities of lease liabilities:
Operating
Finance
2020 (excluding the nine months ended September 30, 2020)
$
25.5
$
0.6
2021
55.1
2.0
2022
34.6
1.3
2023
21.4
0.6
2024
15.3
0.5
Thereafter
25.1
0.8
Total
177.0
5.8
Less: Present value discount
(35.7)
(0.9)
Lease liability
$
141.3
$
4.9
The following table summarizes the cash flow information related to leases:
Three Months Ended
Nine Months Ended
September 30,
September 30,
2020
2019
2020
2019
Cash paid for amounts included in the measurement of lease liabilities
Operating - operating cash flows
$
28.3
$
22.3
$
72.3
$
63.6
Finance - financing cash flows
$
0.4
$
0.1
$
1.2
$
0.3
Finance - operating cash flows
$
0.2
$
0.2
$
0.6
$
0.4
ROU lease assets obtained in the exchange for lease liabilities