Company: CNDT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001677703-25-000152
Chunk: 44

Company: CONDUENT Inc
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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,238 Services and supplies155 188 203 546 Rent lease and maintenance expense112 51 36 199 Other operating expense3 4 3 10 Depreciation and amortization expense63 34 22 119 Segment expenses$1,094 $567 $451 $2,112 Segment profit (loss)$40 $125 $(5)$160 2024Segment revenue$1,192 $758 $426 $2,376 ExpensesWages and benefits$810 $322 $194 $1,326 Services and supplies158 219 191 568 Rent lease and maintenance expense107 49 34 190 Other operating expense2 4 4 10 Depreciation and amortization expense67 34 18 119 Segment expenses$1,144 $628 $441 $2,213 Segment profit (loss)$48 $130 $(15)$163 __________(1)    Total excludes Divestitures and Unallocated Costs.Other operating expense shown above is primarily comprised of third-party legal fees and other miscellaneous expenses.The following is a reconciliation of Segment profit (loss) to Income (loss) before income taxes:Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Segment Profit (Loss)$62 $59 $160 $163 Reconciling items:Divestitures profit(1)— 3 — 35 Unallocated costs(2)(70)(70)(215)(213)Amortization of acquired intangible assets(1)(1)(2)(4)Restructuring and related costs(12)(4)(24)(21)Interest expense(12)(16)(36)(62)Loss on extinguishment of debt(1)(1)(1)(6)Gain (loss) on divestitures and transaction costs, net(1)188 (8)696 Litigation (settlements) recoveries, net— (1)(2)(6)Other income (expenses), net(3)2 (4)4 Income (Loss) Before Income Taxes$(38)$159 $(132)$586 (1)    Divestitures profit is Income (loss) before income taxes excluding certain non-operating income and expenses.(2)    Unallocated Costs includes IT infrastructure costs that are shared by multiple reportable segments