On August 25, 2025, we entered into a definitive agreement to sell our Self Service segment to an affiliate of Pacific Avenue Capital Partners, LLC for an enterprise value of $410 million, subject to customary purchase price adjustments. The sale was completed on September 30, 2025. On October 1, 2025, we received the pretax net proceeds from the sale and used these proceeds to repay approximately $390 million of revolving credit facility borrowings. Accordingly, interest expense attributable to the repaid borrowings has been included in discontinued operations for all periods presented. Additionally, general corporate overhead costs that were historically allocated to the Self Service segment remain within continuing operations for all periods presented.

In connection with the transaction, we also entered into a transition services agreement to provide certain post-close support services. These support services, most of which last for up to nine months from the closing date of the sale, are in the areas of human resources, tax, finance, information technology, and operations, among others.

The following table summarizes the comparative financial results of discontinued operations which are presented in Net income from discontinued operations in the Unaudited Condensed Consolidated Statements of Income (in millions):


	Three Months Ended March 31,
	2026		2025
Revenue	$	—	$	136
Cost of goods sold	—		72
Gross margin	—		64
Gain on disposal of business (1)	(3)		—
Selling, general and administrative expenses	—		40
Depreciation and amortization	—		4
Operating income	3		20
Other expense (income):
Interest expense	—		5
Interest income and other income, net	—		(1)
Total other expense, net	—		4
Income from discontinued operations before provision for income taxes	3		16
Provision for income taxes	1		5
Net income from discontinued operations	$	2	$	11

The following table summarizes the significant non-cash operating activities and capital expenditures of the Company’s discontinued operations related to the Self Service segment (in millions):


	Three Months Ended March 31,
	2026		2025
Depreciation and amortization	$	—	$	4
Gain on disposal of business	(3)		—
Purchases of property, plant and equipment	—		2