Company: CNDT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001677703-25-000029
Chunk: 106

Company: CONDUENT Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 106
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 case management. In this segment, the Company helps governments respond to changing rules for eligibility and keep pace with increasing citizen expectations, modernize legacy technology systems, combat benefits fraud and shift in response to an evolving regulatory environment.•Transportation: The Transportation segment provides government agencies and transportation authorities around the world with solutions serving toll and fare collections as well as mobility and digital payments that help streamline operations and increase revenue, systems, support, and revenue-generating solutions to government transportation agencies. With an expanded focus on sustainability and enhancing the quality of life for citizens and communities around the world, the Company's solutions help reduce congestion and greenhouse emissions, while creating seamless travel experiences for consumers throughout transportation ecosystems.

CNDT 2024 Annual Report66

The Company adopted the new segment guidance for the year ended December 31, 2024 on a retrospective basis. The following table presents revenues, expenses and segment profit (loss) for the Company's reportable segments:Year Ended December 31,(in millions)CommercialGovernmentTransportationTotal(1)2024Segment revenue$1,606 $984 $586 $3,176 ExpensesWages and benefits$1,081 $420 $256 $1,757 Services and supplies212 282 279 773 Rent lease and maintenance expense145 66 46 257 Other operating expense1 6 6 13 Depreciation and amortization expense90 44 24 158 Segment expenses$1,529 $818 $611 $2,958 Segment profit (loss)$77 $166 $(25)$218 2023Segment Revenue$1,668 $1,094 $558 $3,320 ExpensesWages and benefits$1,132 $411 $247 $1,790 Services and supplies224 284 242 750 Rent lease and maintenance expense140 65 43 248 Other operating expense8 9 10 27 Depreciation and amortization expense128 41 23 192 Segment expenses$1,632 $810 $565 $3,007 Segment profit (loss)$36 $284 $(7)$313 2022Segment Revenue$1,769 $1,150 $562 $3,481 ExpensesWages and benefits$1,174 $419 $228 $1,821 Services and supplies275 328 234