Company: CNDT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001677703-25-000029
Chunk: 107

Company: CONDUENT Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 107
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 837 Rent lease and maintenance expense148 67 40 255 Other operating expense8 5 6 19 Depreciation and amortization expense93 37 20 150 Segment expenses$1,698 $856 $528 $3,082 Segment profit (loss)$71 $294 $34 $399 __________(1)    Total excludes Divestitures and Unallocated Costs.

CNDT 2024 Annual Report67

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:(in millions)Year Ended December 31,202420232022Segment Profit (Loss)$218 $313 $399 Reconciling items:Divestitures profit(1)35 103 70 Unallocated costs(2)(287)(304)(293)Amortization of acquired intangible assets(5)(7)(13)Restructuring and related costs(46)(62)(39)Interest expense(75)(111)(84)Loss on extinguishment of debt(8)— — Goodwill impairment(28)(287)(358)Gain (loss) on divestitures and transaction costs, net696 (10)158 Litigation (settlements) recoveries, net(9)30 32 Other income (expenses), net13 3 1 Income (Loss) Before Income Taxes$504 $(332)$(127)__________(1)    Divestitures profit is Income (loss) before income taxes.(2)    Unallocated Costs includes IT infrastructure costs that are shared by multiple reportable segments, enterprise application costs and certain corporate overhead expenses not directly attributable or allocated to the reportable segments.Refer to Note 2 – Revenue for additional information on disaggregated revenues of the reportable segments.No sales to an individual customer accounted for more than 10% of revenue for the years ended December 31, 2024, 2023 or 2022. Geographic area data is based upon the location of the subsidiary reporting the revenue or long-lived assets and is as follows for each of the years ended December 31: RevenuesLong-Lived Assets (1) (in millions)20242023202220242023United States$2,887 $3,328 $3,473 $386 $480 Europe291 314