0000070866-21-000018 | 10-Q | XBRL Viewer

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Supplemental Financial Information - Components of Accounts Receivable (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts Receivable, before Allowance for Credit Loss, Current	$ 1,251	$ 1,168
Accounts Receivable, Allowance for Credit Loss, Current	(39)	(51)	$ (50)
Accounts Receivable, after Allowance for Credit Loss, Current, Total	1,212	1,117
Trade Accounts Receivable [Member]
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts Receivable, before Allowance for Credit Loss, Current	1,207	1,120
Other Receivables [Member]
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts Receivable, before Allowance for Credit Loss, Current	$ 44	$ 48

Revisions of Previously Issued Financial Statements

3 Months Ended

Mar. 31, 2021

Accounting Changes and Error Corrections [Abstract]

Revisions of Previously Issued Financial Statements

16. REVISIONS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

During 2020, the Company determined there were errors in its previously issued Condensed Consolidated Statements of Cash Flows related to the business activities that commenced upon the acquisition of JetPay Corporation (JetPay) in December 2018. As a result of these errors, the Company's cash, cash equivalents and restricted cash within the Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2020, was understated.

The revision for the Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2020 is reflected within the accompanying Condensed Consolidated Financial Statements. The changes reflected in our Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2020 are reflected in the tables below:


	For the three months ended March 31, 2020
In millions	As Reported		Adjustment		As Revised
Increase (decrease) in other assets and liabilities	$	(90)	$	(7)	$	(97)
Net cash provided by (used in) operating activities	$	61	$	(7)	$	54
Increase (decrease) in Cash, cash equivalents and restricted cash	$	717	$	(7)	$	710
Cash, cash equivalents and restricted cash at the beginning of the period	$	548	$	15	$	563
Cash, cash equivalents and restricted cash at the end of the period	$	1,265	$	8	$	1,273

Segment Information and Concentrations - Revenue and Operating Income By Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Total revenue	$ 1,544	$ 1,503
Adjusted EBITDA	258	188
Net income (loss)	(1)	(1)
Income (loss) from continuing operations	30	23
Restructuring Costs	8	5
Amortization expense three months ended 2020	20	22
Business Combination, Acquisition Related Costs	27	0
depreciation and amortization (excluding acquisition-related amortization of intangibles)	70	63
Income tax expense (benefit)	17	1
Stock-based compensation expense	44	25
Interest and Other Income	(3)	(1)
Interest Expense	45	50
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	1,544	1,503
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Other expense, net	(4)	(4)
Banking \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	756	763
Adjusted EBITDA	154	140
Retail \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	532	472
Adjusted EBITDA	73	37
Hospitality \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	179	169
Adjusted EBITDA	25	7
T&T \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	77	99
Adjusted EBITDA	$ 10	$ 8

Revisions of Previously Issued Financial Statements - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 319	$ 338	$ 1,214
Restricted cash included in other assets	8		7
Funds held for clients included in other current assets	44		44
Cash included in settlement processing assets included in other current assets	20		8
Cash, Cash Equivalents, Restricted Cash at end of period	$ 391		$ 1,273

Business Combinations (Details) - USD ($) $ in Millions	3 Months Ended
Business Combinations (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Cash acquired	$ 2
Tangible assets acquired	7
Acquired intangible assets other than goodwill	52
Acquired Goodwill	86
Deferred Tax Liabilities	(8)
Liabilities assumed	(13)
Purchase Consideration	126
Goodwill	2,924	$ 2,837
Fee - termination of acquisition agreement; Cardtronics	33
Customer Relationships [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$ 11
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Patented Technology [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$ 36
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 years
Trade Names [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$ 4
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Noncompete Agreements
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$ 1
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	1 year
Other Hospitality Acquisitions [Domain]
Business Acquisition [Line Items]
Goodwill	$ 9

Fair Value of Assets and Liabilities

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

FAIR VALUE OF ASSETS AND LIABILITIES

14. FAIR VALUE OF ASSETS AND LIABILITIES

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities recorded at fair value on a recurring basis as of March 31, 2021 and December 31, 2020 are set forth as follows:


	March 31, 2021
In millions	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Deposits held in money market mutual funds (1)	$	14	$	14	$	—	$	—
Foreign investments(2)	1		—		1		—
Foreign exchange contracts (2)	1		—		1		—
Total	$	16	$	14	$	2	$	—
Liabilities:
Foreign exchange contracts (3)	$	2	$	—	$	2	$	—
Total	$	2	$	—	$	2	$	—


	December 31, 2020
In millions	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Deposits held in money market mutual funds (1)	$	22	$	22	$	—	$	—
Foreign investments(2)	2		—		2		—
Foreign exchange contracts (2)	—		—		—		—
Total	$	24	$	22	$	2	$	—
Liabilities:

Foreign exchange contracts (3)	$	1	$	—	$	1	$	—
Total	$	1	$	—	$	1	$	—

(1) Included in Cash and cash equivalents in the Condensed Consolidated Balance Sheets.

(2) Included in Other current assets in the Condensed Consolidated Balance Sheets.

(3) Included in Other current liabilities in the Condensed Consolidated Balance Sheets.

Deposits Held in Money Market Mutual Funds A portion of the Company’s excess cash is held in money market mutual funds that generate interest income based on prevailing market rates. Money market mutual fund holdings are measured at fair value using quoted market prices and are classified within Level 1 of the valuation hierarchy.

Foreign Investments The investments primarily include an investment fund similar to a mutual fund. The investments are valued using observable, either directly or indirectly, inputs for substantially the full term of the assets and are classified within Level 2 of the valuation hierarchy.

Foreign Exchange Contracts As a result of our global operating activities, we are exposed to risks from changes in foreign currency exchange rates, which may adversely affect our financial condition. To manage our exposures and mitigate the impact of currency fluctuations on our financial results, we hedge our primary transactional exposures through the use of foreign exchange forward and option contracts. The foreign exchange contracts are valued using the market approach based on observable market transactions of forward rates and are classified within Level 2 of the valuation hierarchy.

Assets Measured at Fair Value on a Non-recurring Basis

From time to time, certain assets are measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3). NCR reviews the carrying values of investments when events and circumstances warrant and considers all available evidence in evaluating when declines in fair value are other-than-temporary declines. There were no material impairment charges or non-recurring fair value adjustments recorded during the three months ended March 31, 2021 and 2020.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Debt Obligations - Fair Value of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt value of long-term debt	$ 3,530	$ 3,490

Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

Assets and liabilities recorded at fair value on a recurring basis as of March 31, 2021 and December 31, 2020 are set forth as follows:


	March 31, 2021
In millions	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Deposits held in money market mutual funds (1)	$	14	$	14	$	—	$	—
Foreign investments(2)	1		—		1		—
Foreign exchange contracts (2)	1		—		1		—
Total	$	16	$	14	$	2	$	—
Liabilities:
Foreign exchange contracts (3)	$	2	$	—	$	2	$	—
Total	$	2	$	—	$	2	$	—


	December 31, 2020
In millions	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Deposits held in money market mutual funds (1)	$	22	$	22	$	—	$	—
Foreign investments(2)	2		—		2		—
Foreign exchange contracts (2)	—		—		—		—
Total	$	24	$	22	$	2	$	—
Liabilities:

Foreign exchange contracts (3)	$	1	$	—	$	1	$	—
Total	$	1	$	—	$	1	$	—

(1) Included in Cash and cash equivalents in the Condensed Consolidated Balance Sheets.

(2) Included in Other current assets in the Condensed Consolidated Balance Sheets.

(3) Included in Other current liabilities in the Condensed Consolidated Balance Sheets.

Leasing

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

LEASING

10. LEASING

Lessee We lease property, vehicles and equipment under operating and financing leases. For leases with terms greater than 12 months, we record the related asset and obligation at the present value of lease payments over the term. We determine the lease term by assuming the exercise of renewal options that are reasonably certain. Leases with a lease term 12 months or less at inception are not recorded on our Condensed Consolidated Balance Sheet and are expensed on a straight-line basis over the lease term in our Condensed Consolidated Statement of Operations. Our leases may include rental escalation clauses, renewal options and/or termination options that are factored into our determination of lease payments when appropriate. When available, we use the rate implicit in the lease to discount lease payments to present value; however, most of our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our incremental borrowing rate to discount the lease payments based on information available at lease commencement. Our incremental borrowing rate is based on a credit-adjusted risk-free rate at commencement date, which best approximates a secured rate over a similar term of lease. Additionally, we do not separate lease and non-lease components for any asset classes, except for those leases embedded in certain service arrangements. Fixed and in-substance fixed payments are included in the recognition of the operating and financing assets and lease liabilities, however, variable lease payments, other than those based on a rate or index, are recognized in the Condensed Consolidated Statements of Operations in the period in which the obligation for those payments is incurred. The Company’s variable lease payments generally relate to payments tied to various indices, non-lease components and payments above a contractual minimum fixed payment.

The following table presents our lease balances as of March 31, 2021 and December 31, 2020:


In millions	Location in the Condensed Consolidated Balance Sheet	March 31, 2021		December 31, 2020
Assets
Operating lease assets	Operating lease assets	$	396	$	344
Finance lease assets	Property, plant and equipment, net	63		55
Accumulated amortization of finance lease assets	Property, plant and equipment, net	(23)		(18)
Total leased assets		$	436	$	381
Liabilities
Current
Operating lease liabilities	Other current liabilities	$	90	$	85
Finance lease liabilities	Other current liabilities	17		15
Noncurrent
Operating lease liabilities	Operating lease liabilities	377		325
Finance lease liabilities	Other liabilities	25		23
Total lease liabilities		$	509	$	448

The following tables present our lease costs for operating and finance leases:


	Three months ended March 31
In millions	2021		2020
Operating lease cost	$	31	$	32
Finance lease cost
Amortization of leased assets	4		3
Interest on lease liabilities	—		—
Short-Term lease cost	1		1
Variable lease cost	6		7
Total lease cost	$	42	$	43

The following tables present the supplemental cash flow information:


	Three months ended March 31
In millions	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	31	$	30
Operating cash flows from finance leases	$	—	$	—
Financing cash flows from finance leases	$	4	$	3
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	69	$	(2)
Finance Leases	$	1	$	8

The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the Condensed Consolidated Balance Sheet as of March 31, 2021:


In millions	Operating Leases		Finance Leases
Remainder of 2021	$	89	$	14
2022	88		17
2023	62		10
2024	51		3
2025	43		—
Thereafter	279		—
Total lease payments	612		44
Less: Amount representing interest	(145)		(2)
Present value of lease liabilities	$	467	$	42

The following table presents the weighted average remaining lease term and interest rates:


	March 31, 2021		December 31, 2020
Weighted average lease term:
Operating leases	8.8 years		8.7 years
Finance leases	2.6 years		2.7 years
Weighted average interest rates:
Operating leases	5.90	%	6.45	%
Finance leases	4.02	%	4.59	%

Lessor We have various arrangements for certain point-of-sale equipment under which we are the lessor. These leases meet the criteria for operating lease classification. Lease income associated with these leases is not material.

LEASING

10. LEASING

The following table presents our lease balances as of March 31, 2021 and December 31, 2020:


In millions	Location in the Condensed Consolidated Balance Sheet	March 31, 2021		December 31, 2020
Assets
Operating lease assets	Operating lease assets	$	396	$	344
Finance lease assets	Property, plant and equipment, net	63		55
Accumulated amortization of finance lease assets	Property, plant and equipment, net	(23)		(18)
Total leased assets		$	436	$	381
Liabilities
Current
Operating lease liabilities	Other current liabilities	$	90	$	85
Finance lease liabilities	Other current liabilities	17		15
Noncurrent
Operating lease liabilities	Operating lease liabilities	377		325
Finance lease liabilities	Other liabilities	25		23
Total lease liabilities		$	509	$	448

The following tables present our lease costs for operating and finance leases:


	Three months ended March 31
In millions	2021		2020
Operating lease cost	$	31	$	32
Finance lease cost
Amortization of leased assets	4		3
Interest on lease liabilities	—		—
Short-Term lease cost	1		1
Variable lease cost	6		7
Total lease cost	$	42	$	43

The following tables present the supplemental cash flow information:


	Three months ended March 31
In millions	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	31	$	30
Operating cash flows from finance leases	$	—	$	—
Financing cash flows from finance leases	$	4	$	3
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	69	$	(2)
Finance Leases	$	1	$	8


In millions	Operating Leases		Finance Leases
Remainder of 2021	$	89	$	14
2022	88		17
2023	62		10
2024	51		3
2025	43		—
Thereafter	279		—
Total lease payments	612		44
Less: Amount representing interest	(145)		(2)
Present value of lease liabilities	$	467	$	42

The following table presents the weighted average remaining lease term and interest rates:


	March 31, 2021		December 31, 2020
Weighted average lease term:
Operating leases	8.8 years		8.7 years
Finance leases	2.6 years		2.7 years
Weighted average interest rates:
Operating leases	5.90	%	6.45	%
Finance leases	4.02	%	4.59	%

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of Components of Earnings Per Share

The components of basic earnings per share are as follows:


In millions, except per share amounts	Three months ended March 31
	2021		2020
Numerator:
Income from continuing operations	$	30	$	23
Dividends on Series A Convertible Preferred Stock	(4)		(6)

Income from continuing operations attributable to NCR common stockholders	26		17
Loss from discontinued operations, net of tax	—		—
Net income attributable to NCR common stockholders	$	26	$	17

Denominator:
Basic weighted average number of shares outstanding	130.0		128.0

Basic earnings per share:
From continuing operations	$	0.20	$	0.13
From discontinued operations	—		—
Total basic earnings per share	$	0.20	$	0.13

The components of diluted earnings per share are as follows:


In millions, except per share amounts	Three months ended March 31
	2021		2020
Numerator:
Income from continuing operations	$	30	$	23
Dividends on Series A Convertible Preferred Stock	(4)		(6)

Income from continuing operations attributable to NCR common stockholders	26		17
Loss from discontinued operations, net of tax	—		—
Net income attributable to NCR common stockholders	$	26	$	17

Denominator:
Basic weighted average number of shares outstanding	130.0		128.0


Dilutive effect of restricted stock units and stock options	4.7		2.5
Weighted average diluted shares	134.7		130.5

Diluted earnings per share:
From continuing operations	$	0.19	$	0.13
From discontinued operations	—		—
Total diluted earnings per share	$	0.19	$	0.13

Stock Compensation Plans

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

STOCK COMPENSATION PLANS

7. STOCK COMPENSATION PLANS

As of March 31, 2021, the Company’s primary type of stock-based compensation was restricted stock units and stock options. Stock-based compensation expense for the following periods were:


In millions	Three months ended March 31
	2021		2020
Restricted stock units	$	36	$	19
Stock options	6		4
Employee stock purchase plan	2		2
Stock-based compensation expense	44		25
Tax benefit	(5)		(3)
Stock-based compensation expense (net of tax)	$	39	$	22

Stock-based compensation expense is recognized in the financial statements based upon grant date fair value.

On February 23, 2021, the Company granted market-based restricted stock units with 50% of the award vesting on December 31, 2022 and 50% of the award vesting on December 31, 2023. The number of awards that vest are subject to the performance of the Company's stock price from the date of grant to December 31, 2022. The fair value was determined to be $47.20 based on using a Monte-Carlo simulation model and will be recognized over the requisite service period. The table below details the assumptions used in determining the fair value of the market-based restricted stock units.


	For the three months ended March 31, 2021
Dividend yield	—	%
Risk-free interest rate	0.10	%
Expected volatility	57.20	%

Expected volatility for the market-based restricted stock units is calculated as the historical volatility of the Company’s stock over a period of three years, as management believes this is the best representation of prospective trends. The risk-free interest rate was determined based on a blend of the one year and two years U.S. Treasury yield curves in effect at the time of the grant.

As of March 31, 2021, the total unrecognized compensation cost of $165 million related to unvested restricted stock grants is expected to be recognized over a weighted average period of approximately 1.1 years. As of March 31, 2021, the total unrecognized compensation cost of $37 million related to unvested stock option grants is expected to be recognized over a weighted average period of approximately 0.9 years.

Employee Stock Purchase Plan The Company's Employee Stock Purchase Plan ("ESPP") provides employees a 15% discount on stock purchases using a three-month look-back feature where the discount is applied to the stock price that represents the lower of NCR’s closing stock price on either the first day or the last day of each calendar quarter. Participants can contribute between 1% and 10% of their compensation.

For the three months ended March 31, 2021, employees purchased 0.2 million shares, at a discounted price of $30.82. For the three months ended March 31, 2020, employees purchased 0.5 million shares, at a discounted price of $15.05.

Leasing - Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended
Leasing - Lease Costs (Details) - USD ($) $ in Millions	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Operating lease cost	$ 31	$ 32
Finance lease cost
Amortization of leased assets	4	3
Interest on lease liabilities	0	0
Short-Term lease cost	1	1
Variable lease cost	6	7
Total lease cost	$ 42	$ 43

Segment Information and Concentrations (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Revenue and Operating Income by Segment

The following table presents revenue and adjusted EBITDA by segment:


In millions	Three months ended March 31
	2021		2020
Revenue by segment
Banking	$	756	$	763
Retail	532		472
Hospitality	179		169
T&T	77		99
Consolidated revenue	$	1,544	$	1,503
Adjusted EBITDA by Segment
Banking	$	154	$	140
Retail	73		37
Hospitality	25		7
T&T	10		8
Corporate and Other	(4)		(4)
Total Adjusted EBITDA	$	258	$	188

The following table reconciles net income (loss) from continuing operations to Adjusted EBITDA:


In millions	Three months ended March 31
	2021		2020
Net income (loss) from continuing operations attributable to NCR	$	30	23
Transformation costs	8		5
Acquisition-related amortization of intangibles	20		22
Acquisition-related costs	27		—
Interest expense	45		50
Interest income	(3)		(1)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	70		63
Income tax expense	17		1
Stock-based compensation expense	44		25
Total Adjusted EBITDA	$	258	$	188

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]

The following table presents revenue by geography for NCR:


In millions	Three months ended March 31
	2021		2020
Americas	$	929	$	892
Europe, Middle East and Africa (EMEA)	417		403
Asia Pacific (APJ)	198		208
Total revenue	$	1,544	$	1,503

Schedule of Revenues from Products and Services

The following table presents revenue from products and services for NCR:


In millions	Three months ended March 31
	2021		2020
Recurring revenue (1)	$	874	$	802
All other products and services	670		701
Total revenue	$	1,544	$	1,503

(1) Recurring revenue includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, cloud revenue, payment processing revenue, certain professional services arrangements as well as term-based software license arrangements that include customer termination rights.

Goodwill and Long-Lived Assets - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense three months ended 2020	$ 20	$ 22
Amortization expense remainder of 2020 (estimated)	58
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2023	71
2024	64
2025	56
Finite-Lived Intangible Asset, Expected Amortization, Year Five	53
Finite-Lived Intangible Asset, Expected Amortization, Year One	$ 73

Segment Information and Concentrations

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION AND CONCENTRATIONS

4. SEGMENT INFORMATION AND CONCENTRATIONS

The Company manages and reports the following segments:

•Banking - We offer solutions to customers in the financial services industry that power their digital transformation through software, services and hardware to deliver differentiated experiences for their customers and improve efficiency for the financial institution. Our managed services and ATM-as-a-Service help banks run their end-to-end ATM channel, positioning NCR as a strategic partner. We augment these solutions by offering a full line of software, services and hardware including interactive teller machines (ITM), and recycling, multi-function and cash dispense ATMs. NCR's digital banking solutions enable anytime-anywhere convenience for a financial institution’s consumer

and business customers. We also help institutions implement their Digital First platform strategy by providing solutions for banking channel services, transaction processing, imaging, and branch services.

•Retail - We offer software-defined solutions to customers in the retail industry, leading with digital to connect retail operations end to end to integrate all aspects of a customer’s operations in indoor and outdoor settings from POS, to payments, inventory management, fraud and loss prevention applications, loyalty and consumer engagement. These solutions are designed to improve operational efficiency, selling productivity, customer satisfaction and purchasing decisions; provide secure checkout processes and payment systems; and increase service levels. These solutions include retail-oriented technologies such as comprehensive API-point of sale retail software platforms and applications, hardware terminals, self-service kiosks including self-checkout (SCO), payment processing solutions, and bar-code scanners.

•Hospitality - We offer technology solutions to customers in the hospitality industry, including table-service, quick-service and fast casual restaurants of all sizes, that are designed to improve operational efficiency, increase customer satisfaction, streamline order and transaction processing and reduce operating costs. Our portfolio includes cloud-based software applications for point-of-sale, back office, payment processing, kitchen production, restaurant management and consumer engagement. We also provide hospitality-oriented hardware products such as point-of-sale (POS) terminals, order and payment kiosks, bar code scanners, printers and peripherals. And finally, we help reduce the complexities of running the restaurant through our services capabilities including strategic advisory, technology deployment and implementation, hardware and software maintenance and managed services.

•Telecommunications & Technology (T&T)- We offer maintenance, managed and professional services using solutions such as remote management and monitoring services, which are designed to improve operational efficiency, network availability and end-user experience, to customers in the telecommunications and technology industry. We also provide such services to end users on behalf of select manufacturers leveraging our global service capability, and resell third party networking products to customers in a variety of industries.

These segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the chief operating decision maker in assessing segment performance and in allocating the Company's resources. Management evaluates the performance of the segments based on revenue and adjusted EBITDA. The Company previously evaluated the performance of the segments based on segment operating income. Adjusted EBITDA is defined as GAAP net income (loss) from continuing operations attributable to NCR plus interest expense, net; plus income tax expense (benefit); plus depreciation and amortization; plus stock-based compensation expense; plus other income (expense); plus pension mark-to-market adjustments, pension settlements, pension curtailments and pension special termination benefits and other special items, including amortization of acquisition-related intangibles, restructuring charges, among others. The special items are considered non-operational so are excluded from the adjusted EBITDA metric utilized by our chief operating decision maker in evaluating segment performance and are separately delineated to reconcile back to total reported GAAP net income (loss) from operations attributable to NCR.

Assets are not allocated to segments, and thus are not included in the assessment of segment performance. Consequently, we do not disclose total assets by reportable segment. The accounting policies used to determine the results of the operating segments are the same as those utilized for the condensed consolidated financial statements as a whole. Intersegment sales and transfers are not material.

Corporate and Other reconciles our segment results to adjusted EBITDA, which primarily includes other income (expense) that are managed only on a total company basis and are, accordingly, reflected only in consolidated results.

The following table presents revenue and adjusted EBITDA by segment:


In millions	Three months ended March 31
	2021		2020
Revenue by segment
Banking	$	756	$	763
Retail	532		472
Hospitality	179		169
T&T	77		99
Consolidated revenue	$	1,544	$	1,503
Adjusted EBITDA by Segment
Banking	$	154	$	140
Retail	73		37
Hospitality	25		7
T&T	10		8
Corporate and Other	(4)		(4)
Total Adjusted EBITDA	$	258	$	188

The following table reconciles net income (loss) from continuing operations to Adjusted EBITDA:


In millions	Three months ended March 31
	2021		2020
Net income (loss) from continuing operations attributable to NCR	$	30	23
Transformation costs	8		5
Acquisition-related amortization of intangibles	20		22
Acquisition-related costs	27		—
Interest expense	45		50
Interest income	(3)		(1)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	70		63
Income tax expense	17		1
Stock-based compensation expense	44		25
Total Adjusted EBITDA	$	258	$	188

The following table presents revenue by geography for NCR:


In millions	Three months ended March 31
	2021		2020
Americas	$	929	$	892
Europe, Middle East and Africa (EMEA)	417		403
Asia Pacific (APJ)	198		208
Total revenue	$	1,544	$	1,503

The following table presents revenue from products and services for NCR:


In millions	Three months ended March 31
	2021		2020
Recurring revenue (1)	$	874	$	802
All other products and services	670		701
Total revenue	$	1,544	$	1,503

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Stock Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

Stock-based compensation expense for the following periods were:


In millions	Three months ended March 31
	2021		2020
Restricted stock units	$	36	$	19
Stock options	6		4
Employee stock purchase plan	2		2
Stock-based compensation expense	44		25
Tax benefit	(5)		(3)
Stock-based compensation expense (net of tax)	$	39	$	22

Schedule Of Share-Based Payment Award, Restricted Stock Units with Market-Condition, Valuation Assumptions

The table below details the assumptions used in determining the fair value of the market-based restricted stock units.


	For the three months ended March 31, 2021
Dividend yield	—	%
Risk-free interest rate	0.10	%
Expected volatility	57.20	%

Leasing (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Schedule of Lease Balances

The following table presents our lease balances as of March 31, 2021 and December 31, 2020:


In millions	Location in the Condensed Consolidated Balance Sheet	March 31, 2021		December 31, 2020
Assets
Operating lease assets	Operating lease assets	$	396	$	344
Finance lease assets	Property, plant and equipment, net	63		55
Accumulated amortization of finance lease assets	Property, plant and equipment, net	(23)		(18)
Total leased assets		$	436	$	381
Liabilities
Current
Operating lease liabilities	Other current liabilities	$	90	$	85
Finance lease liabilities	Other current liabilities	17		15
Noncurrent
Operating lease liabilities	Operating lease liabilities	377		325
Finance lease liabilities	Other liabilities	25		23
Total lease liabilities		$	509	$	448

Schedule of Lease Costs, Supplemental Cash Flow Information, Lease Term and Interest Rate

The following tables present our lease costs for operating and finance leases:


	Three months ended March 31
In millions	2021		2020
Operating lease cost	$	31	$	32
Finance lease cost
Amortization of leased assets	4		3
Interest on lease liabilities	—		—
Short-Term lease cost	1		1
Variable lease cost	6		7
Total lease cost	$	42	$	43

The following tables present the supplemental cash flow information:


	Three months ended March 31
In millions	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	31	$	30
Operating cash flows from finance leases	$	—	$	—
Financing cash flows from finance leases	$	4	$	3
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	69	$	(2)
Finance Leases	$	1	$	8

The following table presents the weighted average remaining lease term and interest rates:


	March 31, 2021		December 31, 2020
Weighted average lease term:
Operating leases	8.8 years		8.7 years
Finance leases	2.6 years		2.7 years
Weighted average interest rates:
Operating leases	5.90	%	6.45	%
Finance leases	4.02	%	4.59	%

Schedule of Reconciliation of Undiscounted Cash Flows of Operating Lease Liabilities


In millions	Operating Leases		Finance Leases
Remainder of 2021	$	89	$	14
2022	88		17
2023	62		10
2024	51		3
2025	43		—
Thereafter	279		—
Total lease payments	612		44
Less: Amount representing interest	(145)		(2)
Present value of lease liabilities	$	467	$	42

Schedule of Reconciliation of Undiscounted Cash Flows of Finance Lease Liabilities


In millions	Operating Leases		Finance Leases
Remainder of 2021	$	89	$	14
2022	88		17
2023	62		10
2024	51		3
2025	43		—
Thereafter	279		—
Total lease payments	612		44
Less: Amount representing interest	(145)		(2)
Present value of lease liabilities	$	467	$	42

Business Combinations (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition


In millions	Fair Value
Cash acquired	$	2
Tangible assets acquired	7
Acquired intangible assets other than goodwill	52
Acquired goodwill	86
Deferred tax liabilities	(8)
Liabilities assumed	(13)
Total purchase consideration	$	126

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination


	Fair Value		Weighted Average Amortization Period (1)
	(In millions)		(In years)
Direct customer relationships	$	11	10
Technology - Software	36		8
Non-compete	1		1
Tradenames	4		9
Total acquired intangible assets	$	52

Commitments and Contingencies - Warranty Reserve (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance as of January 1	$ 18	$ 21
Accruals for warranties issued	7	8
Settlements (in cash or in kind)	(7)	(11)
Ending balance as of March 31	$ 18	$ 18

Goodwill and Long-Lived Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND LONG-LIVED ASSETS

Goodwill by Segment The carrying amounts of goodwill by segment as of March 31, 2021 and December 31, 2020 are included in the table below. Foreign currency fluctuations are included within other adjustments.


	December 31, 2020												March 31, 2021
In millions	Goodwill		Accumulated Impairment Losses		Total		Additions		Impairment		Other		Goodwill		Accumulated Impairment Losses		Total
Banking	$	1,772	$	(101)	$	1,671	$	39	$	—	$	1	$	1,812	$	(101)	$	1,711
Retail	643		(34)		609		38		—		2		683		(34)		649
Hospitality	404		(23)		381		9		—		(2)		411		(23)		388
Telecommunications & Technology	187		(11)		176		—		—		—		187		(11)		176
Total goodwill	$	3,006	$	(169)	$	2,837	$	86	$	—	$	1	$	3,093	$	(169)	$	2,924

Identifiable Intangible Assets NCR's purchased intangible assets, reported in intangibles, net in the Condensed Consolidated Balance Sheets, were specifically identified when acquired, and are deemed to have finite lives. The gross carrying amount and accumulated amortization for NCR’s identifiable intangible assets were as set forth in the table below.


	Amortization Period (in Years)	March 31, 2021				December 31, 2020
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	752	$	(337)	$	740	$	(324)
Intellectual property	2 - 8	569		(424)		531		(418)
Customer contracts	8	89		(89)		89		(89)
Tradenames	1 - 10	80		(75)		77		(74)
Total identifiable intangible assets		$	1,490	$	(925)	$	1,437	$	(905)

The aggregate amortization expense for identifiable intangible assets for the following periods is:


In millions	Three months ended March 31, 2021		Remainder of 2021 (estimated)
Amortization expense	$	20	$	58


	For the years ended December 31 (estimated)
In millions	2022		2023		2024		2025		2026
Amortization expense	$	73	$	71	$	64	$	56	$	53

Derivatives and Hedging Instruments - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021 USD ($) currency
Derivative [Line Items]
Number of functional currencies \| currency	50
Maximum period for cash flow hedging activity	15 months
Foreign exchange contracts
Derivative [Line Items]
Gain in AOCI related to foreign exchange derivative transactions, net of tax \| $	$ 0

Accumulated Other Comprehensive Income (Loss) (AOCI)

3 Months Ended

Mar. 31, 2021

Accumulated Other Comprehensive Income (Loss) [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI)

15. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI)

Changes in AOCI by Component


In millions	Currency Translation Adjustments		Changes in Employee Benefit Plans		Changes in Fair Value of Effective Cash Flow Hedges		Total
Balance as of December 31, 2020	$	(245)	$	(26)	$	—	$	(271)
Other comprehensive income (loss) before reclassifications	(7)		—		—		(7)
Amounts reclassified from AOCI	—		(1)		—		(1)
Net current period other comprehensive (loss) income	(7)		(1)		—		(8)
Balance as of March 31, 2021	$	(252)	$	(27)	$	—	$	(279)

Reclassifications Out of AOCI


		For the three months ended March 31, 2021
		Employee Benefit Plans
In millions		Amortization of Actuarial Loss (Gain)		Amortization of Prior Service Benefit		Effective Cash Flow Hedge Loss (Gain)		Total
Affected line in Condensed Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	—		(1)		—		(1)


	Total before tax	$	—	$	(1)	$	—	$	(1)
	Tax expense							—
	Total reclassifications, net of tax							$	(1)


		For the three months ended March 31, 2020
		Employee Benefit Plans
In millions		Amortization of Actuarial Loss (Gain)		Amortization of Prior Service Benefit		Effective Cash Flow Hedge Loss (Gain)		Total
Affected line in Condensed Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	(1)	$	(1)
	Cost of services	(1)		(1)		—		(2)


	Total before tax	$	(1)	$	(1)	$	(1)	$	(3)
	Tax expense							1
	Total reclassifications, net of tax							$	(2)

Leasing - Lease Balances (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Assets
Operating Lease, Right-of-Use Asset	$ 396	$ 344
Finance lease assets	63	55
Accumulated amortization of finance lease assets	(23)	(18)
Total leased assets	436	381
Liabilities
Operating lease liabilities, current	90	85
Finance lease liabilities, current	17	15
Operating lease liabilities, noncurrent	377	325
Finance lease liabilities, noncurrent	25	23
Total lease liabilities	$ 509	$ 448

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50.00%
Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50.00%
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount stock purchase price percentage	15.00%
Look-back feature period of discount stock purchase price	3 months
Minimum contribution by participant percentage	1.00%
Maximum contribution by participant percentage	10.00%
Stocks purchased by employees during the period (in shares)	0.2	0.5
Discounted price per share of stocks purchased by employees (in dollar per share)	$ 30.82	$ 15.05
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards	$ 37
Weighted average period to recognized compensation cost related to unvested awards	10 months 24 days
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards	$ 165
Weighted average period to recognized compensation cost related to unvested awards	1 year 1 month 6 days
Restricted Stock Units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate period of U.S. Treasury yield	1 year
Restricted Stock Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate period of U.S. Treasury yield	2 years

Series A Convertible Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Dec. 04, 2015	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Class of Stock [Line Items]
Temporary Equity, Shares Issued		300,000		300,000
Series A Convertible Preferred Stock
Class of Stock [Line Items]
Dividend rate	5.50%
Conversion price per share at option of holder (in dollars per share)	$ 30.00
Conversion rate per preferred share (in shares)	33.333
Dividends, Preferred Stock		$ 4	$ 6
Financial instruments subject to redemption, settlement terms, maximum number of shares (in shares)		9,200,000
Dividend rate for preferred shares; accrued but unpaid dividend	8.00%

Accumulated Other Comprehensive Income (Loss) (AOCI) (Tables)

3 Months Ended

Mar. 31, 2021

Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule of Changes in AOCI by Component

Changes in AOCI by Component


In millions	Currency Translation Adjustments		Changes in Employee Benefit Plans		Changes in Fair Value of Effective Cash Flow Hedges		Total
Balance as of December 31, 2020	$	(245)	$	(26)	$	—	$	(271)
Other comprehensive income (loss) before reclassifications	(7)		—		—		(7)
Amounts reclassified from AOCI	—		(1)		—		(1)
Net current period other comprehensive (loss) income	(7)		(1)		—		(8)
Balance as of March 31, 2021	$	(252)	$	(27)	$	—	$	(279)

Reclassification out of AOCI

Reclassifications Out of AOCI


		For the three months ended March 31, 2021
		Employee Benefit Plans
In millions		Amortization of Actuarial Loss (Gain)		Amortization of Prior Service Benefit		Effective Cash Flow Hedge Loss (Gain)		Total
Affected line in Condensed Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	—		(1)		—		(1)


	Total before tax	$	—	$	(1)	$	—	$	(1)
	Tax expense							—
	Total reclassifications, net of tax							$	(1)


		For the three months ended March 31, 2020
		Employee Benefit Plans
In millions		Amortization of Actuarial Loss (Gain)		Amortization of Prior Service Benefit		Effective Cash Flow Hedge Loss (Gain)		Total
Affected line in Condensed Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	(1)	$	(1)
	Cost of services	(1)		(1)		—		(2)


	Total before tax	$	(1)	$	(1)	$	(1)	$	(3)
	Tax expense							1
	Total reclassifications, net of tax							$	(2)

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Total revenue	$ 1,544	$ 1,503
Selling, general and administrative expenses	238	255
Research and development expenses	66	65
Total operating expenses	1,434	1,426
Income (loss) from operations	110	77
Interest expense	(45)	(50)
Other expense, net	(17)	(2)
Income (loss) from continuing operations before income taxes	48	25
Income tax expense (benefit)	17	1
Income (loss) from continuing operations	31	24
Loss from discontinued operations, net of tax	0	0
Net income (loss)	31	24
Net income (loss) attributable to noncontrolling interests	1	1
Net income (loss) attributable to NCR	30	23
Amounts attributable to NCR common stockholders:
Income (loss) from continuing operations	30	23
Dividends on convertible preferred stock	(4)	(6)
Income (loss) from continuing operations attributable to NCR common stockholders	26	17
Loss from discontinued operations, net of tax	0	0
Net income (loss) attributable to NCR common stockholders	$ 26	$ 17
Income (loss) per common share from continuing operations
Basic (in dollars per share)	$ 0.20	$ 0.13
Diluted (in dollars per share)	0.19	0.13
Net income (loss) per common share
Basic (in dollars per share)	0.20	0.13
Diluted (in dollars per share)	$ 0.19	$ 0.13
Weighted average common shares outstanding
Basic (in shares)	130.0	128.0
Diluted (in shares)	134.7	130.5
Product
Total revenue	$ 482	$ 474
Cost of revenue	408	391
Services
Total revenue	1,062	1,029
Cost of revenue	$ 722	$ 715

Revisions of Previously Issued Financials Statements (Tables)

3 Months Ended

Mar. 31, 2021

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Periods Adjustments

The changes reflected in our Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2020 are reflected in the tables below:


	For the three months ended March 31, 2020
In millions	As Reported		Adjustment		As Revised
Increase (decrease) in other assets and liabilities	$	(90)	$	(7)	$	(97)
Net cash provided by (used in) operating activities	$	61	$	(7)	$	54
Increase (decrease) in Cash, cash equivalents and restricted cash	$	717	$	(7)	$	710
Cash, cash equivalents and restricted cash at the beginning of the period	$	548	$	15	$	563
Cash, cash equivalents and restricted cash at the end of the period	$	1,265	$	8	$	1,273

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Product Warranty Liability

The Company recorded the activity related to the warranty reserve for the three months ended March 31 as follows:


In millions	2021		2020
Warranty reserve liability
Beginning balance as of January 1	$	18	$	21
Accruals for warranties issued	7		8
Settlements (in cash or in kind)	(7)		(11)
Ending balance as of March 31	$	18	$	18

Debt Obligations - Senior Unsecured Notes (Details) - USD ($) $ in Millions	Apr. 06, 2021	Mar. 31, 2021	Dec. 31, 2020	Apr. 13, 2020	Aug. 21, 2019
Subsequent Event [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,200
Portion of 5.125% Note subject to special mandatory redemption	$ 600
5.125% Notes \| Subsequent Event [Member]
Debt Instrument [Line Items]
Debt stated interest rate	5.125%
Maximum Reedemable Percentage	40.00%
Maximum Reedemable Percentage	40.00%
5.750% Senior Notes due 2027 [Member]
Debt Instrument [Line Items]
Long-term Debt					$ 500
Debt stated interest rate		5.75%	5.75%		5.75%
Debt percentage of principle amount notes were sold at					100.00%
6.125% Senior Notes due 2029 [Member]
Debt Instrument [Line Items]
Long-term Debt					$ 500
Debt stated interest rate		6.125%			6.125%
8.125% Notes Due 2025 [Member]
Debt Instrument [Line Items]
Long-term Debt		$ 400
Debt stated interest rate		8.125%
Debt percentage of principle amount notes were sold at				100.00%
5.000% Senior Notes due 2028
Debt Instrument [Line Items]
Debt stated interest rate		5.00%
5.250% Senior Notes due 2030
Debt Instrument [Line Items]
Debt stated interest rate		5.25%
At any time and from time to time, prior to April 15, 2024 \| 5.125% Notes \| Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	105.125%
Prior to April 15, 2024 \| 5.125% Notes \| Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	100.00%
On or after April 15 \| 5.125% Notes \| Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	102.563%
On or after April 15; redeemed in 2025 \| 5.125% Notes \| Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	101.281%
On or after April 15; redeemed in 2026 and thereafter \| 5.125% Notes \| Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	100.00%
NCR International, Inc. [Member] \| Guarantor Subsidiaries [Member] \| 8.125% Notes Due 2025 [Member]
Debt Instrument [Line Items]
Debt stated interest rate		8.125%

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2021	Mar. 31, 2020
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 17	$ 1
Minimum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	10
Maximum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	$ 28
Out of period adjustments - stock compensation permanent differences [Member]
Income Tax Contingency [Line Items]
Income tax expense (benefit)		2
Out of period adjustments - write-off of income tax payables [Member]
Income Tax Contingency [Line Items]
Income tax expense (benefit)		$ 3

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Derivatives and Hedging Instruments

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES AND HEDGING INSTRUMENTS

13. DERIVATIVES AND HEDGING INSTRUMENTS

NCR is exposed to risks associated with changes in foreign currency exchange rates and interest rates. NCR utilizes a variety of measures to monitor and manage these risks, including the use of derivative financial instruments. NCR has exposure to approximately 50 functional currencies. Since a substantial portion of our operations and revenue occur outside the U.S., and in currencies other than the U.S. Dollar, our results can be significantly impacted, both positively and negatively, by changes in foreign currency exchange rates.

Foreign Currency Exchange Risk

The accounting guidance for derivatives and hedging requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the Condensed Consolidated Balance Sheets. The Company designates foreign exchange contracts as cash flow hedges of forecasted transactions when they are determined to be highly effective at inception.

Our risk management strategy includes hedging, on behalf of certain subsidiaries, a portion of our forecasted, non-functional currency denominated cash flows for a period of up to 15 months. As a result, some of the impact of currency fluctuations on non-functional currency denominated transactions (and hence on subsidiary operating income, as stated in the functional currency), is mitigated in the near term. The amount we hedge and the duration of hedge contracts may vary significantly. In the longer term (greater than 15 months), the subsidiaries are still subject to the effect of translating the functional currency results

to U.S. Dollars. To manage our exposures and mitigate the impact of currency fluctuations on the operations of our foreign subsidiaries, we hedge our main transactional exposures through the use of foreign exchange forward and option contracts. This is primarily done through the hedging of foreign currency denominated inter-company inventory purchases by NCR’s marketing units and the foreign currency denominated inputs to our manufacturing units. The related foreign exchange contracts are designated as highly effective cash flow hedges. The gains or losses on these hedges are deferred in accumulated other comprehensive income (AOCI) and reclassified to income when the underlying hedged transaction is recorded in earnings. As of March 31, 2021, the balance in AOCI related to foreign exchange derivative transactions was zero. The gains or losses from derivative contracts related to inventory purchases are recorded in cost of products when the inventory is sold to an unrelated third party.

We also utilize foreign exchange contracts to hedge our exposure of assets and liabilities denominated in non-functional currencies. We recognize the gains and losses on these types of hedges in earnings as exchange rates change. We do not enter into hedges for speculative purposes.

The following tables provide information on the location and amounts of derivative fair values in the Condensed Consolidated Balance Sheets:


	Fair Values of Derivative Instruments
	March 31, 2021
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts	Other current assets	$	—	$	—	Other current liabilities	$	—	$	—
Total derivatives designated as hedging instruments				$	—				$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets	$	184	$	1	Other current liabilities	$	477	$	2
Total derivatives not designated as hedging instruments				$	1				$	2
Total derivatives				$	1				$	2


	Fair Values of Derivative Instruments
	December 31, 2020
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts	Other current assets	$	—	$	—	Other current liabilities	$	—	$	—
Total derivatives designated as hedging instruments				$	—				$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets	$	150	$	—	Other current liabilities	$	425	$	1
Total derivatives not designated as hedging instruments				$	—				$	1
Total derivatives				$	—				$	1

The effects of derivative instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2021 and 2020 were as follows:


In millions	Amount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on Derivative					Amount of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations
Derivatives in Cash Flow Hedging Relationships	For the three months ended March 31, 2021		For the three months ended March 31, 2020		Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations	For the three months ended March 31, 2021		For the three months ended March 31, 2020

Foreign exchange contracts	$	—	$	3	Cost of products	$	—	$	(1)


In millions		Amount of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations
		Three months ended March 31
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations	2021		2020
Foreign exchange contracts	Other (expense), net	$	(15)	$	6

Refer to Note 14, Fair Value of Assets and Liabilities for further information on derivative assets and liabilities recorded at fair value on a recurring basis.

Concentration of Credit Risk

NCR is potentially subject to concentrations of credit risk on accounts receivable and financial instruments such as hedging instruments and cash and cash equivalents. Credit risk includes the risk of nonperformance by counterparties. The maximum potential loss may exceed the amount recognized on the Condensed Consolidated Balance Sheets. Exposure to credit risk is managed through credit approvals, credit limits, selecting major international financial institutions (as counterparties to hedging transactions) and monitoring procedures. NCR’s business often involves large transactions with customers, and if one or more of those customers were to default on its obligations under applicable contractual arrangements, the Company could be exposed to potentially significant losses. However, management believes that the reserves for expected losses are adequate. As of March 31, 2021, we did not have any significant concentration of credit risk related to financial instruments.

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Allowance for credit losses:
Accounts Receivable, Allowance for Credit Loss, Current	$ (39)	$ (51)
Convertible Preferred Stock:
Temporary Equity, Par or Stated Value Per Share	$ 0.01	$ 0.01
Temporary Equity, Shares Authorized	3,000,000.0	3,000,000.0
Temporary Equity, Shares Issued	300,000	300,000
Temporary Equity, Shares Outstanding	300,000	300,000
Temporary Equity, Aggregate Amount of Redemption Requirement	$ 276	$ 276
Temporary Equity, Liquidation Preference	$ 276	$ 276
Stockholders' Equity:
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	100,000,000.0	100,000,000.0
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	500,000,000.0	500,000,000.0
Common Stock, Shares, Issued	130,600,000	129,100,000
Common Stock, Shares, Outstanding	130,600,000	129,100,000

Basis of Presentation and Summary of Significant Accounting Policies Contract Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Contract with Customer, Liability, Current	$ 594	$ 507
Contract with Customer, Liability, Noncurrent	76	$ 80
Revenue recognized that was included in contract liabilities	255
Remaining performance obligations	$ 3,800

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 31	$ 24
Currency translation adjustments
Currency translation gains (losses)	(7)	(61)
Derivatives
Unrealized gains (losses) on derivatives	0	3
Losses (gains) on derivatives recognized during the period	0	(1)
Less income tax	0	(1)
Employee benefit plans
Amortization of prior service benefit	(1)	(1)
Amortization of actuarial losses (gains)	0	(1)
Less income tax	0	1
Other comprehensive income (loss)	(8)	(61)
Total comprehensive income (loss)	23	(37)
Less comprehensive income attributable to noncontrolling interests:
Net income (loss)	1	1
Currency translation adjustments	0	(1)
Amounts attributable to noncontrolling interests	1	0
Comprehensive income (loss) attributable to NCR	$ 22	$ (37)

Cover Page - shares shares in Millions	3 Months Ended
Cover Page - shares shares in Millions	Mar. 31, 2021	Apr. 16, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Entity File Number	001-00395
Entity Registrant Name	NCR CORP
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	31-0387920
Entity Address, Address Line One	864 Spring Street NW
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30308
City Area Code	937
Local Phone Number	445-1936
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	NCR
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		130.9
Entity Central Index Key	0000070866
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Transition Report	false

Debt Obligations - Short-term Borrowings and Long-term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020	Aug. 21, 2019
Debt Instrument [Line Items]
Short-term Debt	$ 52	$ 8
Long-term debt	3,349	3,270
Unamortized Debt Issuance Expense	(39)	(40)
Term loan facility
Debt Instrument [Line Items]
Long-term debt	$ 731	$ 733
Weighted-average interest rate on long-term debt	2.72%	2.65%
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt	$ 155	$ 75
Weighted-average interest rate on long-term debt	2.39%	2.40%
8.125% Notes Due 2025 [Member]
Debt Instrument [Line Items]
Debt stated interest rate	8.125%
8.125% Notes due 2025 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 400	$ 400
5.750% Senior Notes due 2027 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 500	$ 500
Debt stated interest rate	5.75%	5.75%	5.75%
5.000% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt	$ 650	$ 650
Debt stated interest rate	5.00%
6.125% Senior Notes due 2029 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 500	500
Debt stated interest rate	6.125%		6.125%
5.250% Senior Notes due 2030
Debt Instrument [Line Items]
Long-term debt	$ 450	450
Debt stated interest rate	5.25%
Other
Debt Instrument [Line Items]
Long-term debt	$ 2	$ 2
Weighted-average interest rate on long-term debt	7.48%	7.68%
Term loan facility
Debt Instrument [Line Items]
Current portion of Senior Secured Credit Facility	$ 2	$ 8
Weighted-Average interest rate on short-term borrowings	2.72%	2.65%
Trade Receivables Securitization Facility
Debt Instrument [Line Items]
Short-term Debt	$ 50	$ 0
Weighted-Average interest rate on short-term borrowings	0.95%	0.00%

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	6. INCOME TAXES Income tax provisions for interim (quarterly) periods are based on an estimated annual effective income tax rate calculated separately from the effect of significant, infrequent or unusual items. Income tax expense was $17 million for the three months ended March 31, 2021 compared to $1 million for the three months ended March 31, 2020. The change was primarily driven by higher income before taxes and a decrease in discrete tax benefits in the three months ended March 31, 2021. The discrete tax benefits recorded in the three months ended March 31, 2020 included $2 million related to an error in the calculation of the permanent differences on stock compensation and $3 million for the write-off of tax payables incorrectly recorded in prior periods. The Company regularly reviews our deferred tax assets for recoverability based on the evaluation of positive and negative evidence. For the three year period ended March 31, 2021, the Company’s U.S. operations had a cumulative net loss before income taxes, as adjusted for permanent differences, which is generally considered a negative indicator of the Company’s ability to realize the benefits of its deferred tax assets. However, after weighing all evidence, including our history of U.S. pre-tax income adjusted for permanent differences, the impact of the COVID-19 pandemic on our U.S. results in 2020 and in the near-term, projected U.S. taxable income, and the length of time over which the Company’s deferred tax assets may be realized, the Company determined that realization of the related benefits was more likely than not. If the Company is unable to generate sufficient future U.S. taxable income of the proper source in the time period within which the temporary differences underlying our deferred tax assets become deductible or before the expiration of our loss and credit carryforwards, additional valuation allowances could be required in the future. The Company engages in continuous discussions and negotiations with taxing authorities regarding tax matters, and the Company has determined that over the next 12 months it expects to resolve certain tax matters related to U.S. and foreign jurisdictions. As a result, as of March 31, 2021, we estimate that it is reasonably possible that gross unrecognized tax benefits may decrease by $10 million to $28 million in the next 12 months.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Accumulated Other Comprehensive Income (Loss) (AOCI) - Changes in AOCI by Component (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (279)	$ (271)
Other comprehensive income (loss) before reclassifications	(7)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(1)
Net current period other comprehensive (loss) income	(8)
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(252)	(245)
Other comprehensive income (loss) before reclassifications	(7)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0
Net current period other comprehensive (loss) income	(7)
Changes in Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(27)	(26)
Other comprehensive income (loss) before reclassifications	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(1)
Net current period other comprehensive (loss) income	(1)
Changes in Fair Value of Effective Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	0	$ 0
Other comprehensive income (loss) before reclassifications	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0
Net current period other comprehensive (loss) income	$ 0

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt Obligations

The following table summarizes the Company's short-term borrowings and long-term debt:


		March 31, 2021			December 31, 2020
In millions, except percentages		Amount		Weighted-Average Interest Rate	Amount		Weighted-Average Interest Rate
Short-Term Borrowings
Current portion of Senior Secured Credit Facility (1)		$	2	2.72%	$	8	2.65%
Trade Receivables Securitization Facility		50		0.95%	—		—%

	Total short-term borrowings	$	52		$	8
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facility (1)	$	731	2.72%	$	733	2.65%
	Revolving credit facility (1)	155		2.39%	75		2.40%
Senior notes:




	8.125% Senior Notes due 2025	400			400
	5.750% Senior Notes due 2027	500			500
	5.000% Senior Notes due 2028	650			650
	6.125% Senior Notes due 2029	500			500
	5.250% Senior Notes due 2030	450			450
Deferred financing fees		(39)			(40)
Other (1)		2		7.48%	2		7.68%
	Total long-term debt	$	3,349		$	3,270

(1) Interest rates are weighted-average interest rates as of March 31, 2021 and December 31, 2020.

Leasing - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash Flow, Lessee [Abstract]
Operating Lease, Payments	$ 31	$ 30
Finance Lease, Interest Payment on Liability	0	0
Finance Lease, Principal Payments	4	3
Right-of-Use Asset Obtained in Exchange for Lease Liability [Abstract]
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	69	2
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 1	$ 8

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Foreign exchange contracts \| Other (expense), net
Derivative [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ (15)	$ 6

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on Derivative	$ 0	$ 3
Foreign exchange contracts \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on Derivative	0	3
Foreign exchange contracts \| Cash Flow Hedging \| Cost of products
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on Derivative	$ 0	$ (1)

Commitments and Contingencies

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

9. COMMITMENTS AND CONTINGENCIES

In the normal course of business, NCR is subject to various proceedings, lawsuits, claims and other matters, including, for example, those that relate to the environment and health and safety, labor and employment, employee benefits, import/export compliance, intellectual property, data privacy and security, product liability, commercial disputes and regulatory compliance, among others. Additionally, NCR is subject to diverse and complex laws and regulations, including those relating to corporate governance, public disclosure and reporting, environmental safety and the discharge of materials into the environment, product safety, import and export compliance, data privacy and security, antitrust and competition, government contracting, anti-corruption, and labor and human resources, which are rapidly changing and subject to many possible changes in the future. Compliance with these laws and regulations, including changes in accounting standards, taxation requirements, and federal securities laws among others, may create a substantial burden on, and substantially increase costs to NCR or could have an impact on NCR's future operating results. The Company has reflected all liabilities when a loss is considered probable and reasonably estimable in the Condensed Consolidated Financial Statements. We do not believe there is a reasonable possibility that losses exceeding amounts already recognized have been incurred, but there can be no assurances that the amounts required to satisfy alleged liabilities from such matters will not impact future operating results. Other than as stated below, the Company does not currently expect to incur material capital expenditures related to such matters. However, there can be no assurances that the actual amounts required to satisfy alleged liabilities from various lawsuits, claims, legal proceedings and other matters, including, but not limited to the Fox River and Kalamazoo River environmental matters and other matters discussed below, and to comply with applicable laws and regulations, will not exceed the amounts reflected in NCR’s Condensed Consolidated Financial Statements or will not have a material adverse effect on its consolidated results of operations, capital expenditures, competitive position, financial condition or cash flows.

Boston Consulting Group On November 6, 2019, Boston Consulting Group, Inc., a former consultant for the Company, commenced a lawsuit against the Company in the United States District Court for the District of New York. The Complaint in the matter alleges the Company breached two consulting agreements and sought in excess of $80 million and other compensatory damages and equitable relief. The Company believed the allegations of money owed were grossly overstated, and the Company vigorously defended this lawsuit. In December 2020, the parties engaged in mediation directed to settlement of this matter, and in January 2021, the parties agreed to a final settlement. In April 2021, this lawsuit was dismissed, and the matter is now closed.

Environmental Matters NCR's facilities and operations are subject to a wide range of environmental protection laws, and NCR has investigatory and remedial activities underway at a number of facilities that it currently owns or operates, or formerly owned or operated, to comply, or to determine compliance, with such laws. Also, NCR has been identified, either by a government agency or by a private party seeking contribution to site clean-up costs, as a potentially responsible party (PRP) at a number of sites pursuant to various state and federal laws, including the Federal Water Pollution Control Act, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) and comparable state statutes. Other than the Fox River matter, the Kalamazoo River matter and the Ebina matter discussed below, we currently do not anticipate material expenses and liabilities from these environmental matters.

Fox River NCR is one of eight entities that were formally notified by governmental and other entities, such as local Native American tribes, that they are PRPs for environmental claims (under CERCLA and other statutes) arising out of the presence of polychlorinated biphenyls (PCBs) in sediments in the lower Fox River and in the Bay of Green Bay in Wisconsin. The other Fox River PRPs that received notices include Appleton Papers Inc. (API; now known as Appvion, Inc.), P.H. Glatfelter Company ("Glatfelter"), Georgia-Pacific Consumer Products LP (GP, successor to Fort James Operating Company), and others. NCR was identified as a PRP because of alleged PCB discharges from two carbonless copy paper manufacturing facilities it previously owned, which were located along the Fox River. NCR sold its facilities in 1978 to API. The parties have also contended that NCR is responsible for PCB discharges from paper mills owned by other companies because NCR carbonless copy paper "broke" was allegedly purchased by those other mills as a raw material.

The United States Environmental Protection Agency (USEPA) and Wisconsin Department of Natural Resources (together, the Governments) developed clean-up plans for the upper and lower parts of the Fox River and for portions of the Bay of Green Bay. On November 13, 2007, the Governments issued a unilateral administrative order (the 2007 Order) under CERCLA to the eight original PRPs, requiring them to perform remedial work under the Governments’ clean-up plan for the lower parts of the river (operable units 2 through 5). In April 2009, NCR and API formed a limited liability company (the LLC), which entered into an agreement with an environmental remediation contractor to perform the work at the Fox River site. In-water dredging and remediation under the clean-up plan commenced shortly thereafter.

NCR and API, along with B.A.T Industries p.l.c. (BAT), share among themselves a portion of the cost of the Fox River clean-up and natural resource damages (NRD) based upon a 1998 agreement (the Cost Sharing Agreement), a 2005 arbitration award (subsequently confirmed as a judgment), and a September 30, 2014 Funding Agreement (the Funding Agreement). The Cost Sharing Agreement and the arbitration resolved disputes that arose out of the Company's 1978 sale of its Fox River facilities to API. The Cost Sharing Agreement and arbitration award resulted in a 45% share for NCR of the first $75 million of such costs (a threshold that was reached in 2008), and a 40% share for amounts in excess of $75 million. The Funding Agreement arose out of a 2012 to 2014 arbitration dispute between NCR and API, and provides for regular, ongoing funding of NCR-incurred Fox River remediation costs via contributions, made to a new limited liability corporation created by the Funding Agreement, by BAT, API and, for 2014, API's indemnitor, Windward Prospects. The Funding Agreement creates an obligation on BAT and API to fund 50% of NCR’s Fox River remediation costs from October 1, 2014 forward; (API’s Fox River-related obligations under the Funding Agreement were fully satisfied in 2016); the Funding Agreement also provides NCR contractual avenues for payment of, via direct and third-party sources, (1) the difference between BAT’s and API’s 60% obligation under the Cost Sharing Agreement and arbitration award on the one hand and their ongoing (since September 2014) 50% payments under the Funding Agreement on the other, as well as (2) the difference between the amount NCR received under the Funding Agreement and the amount owed to it under the Cost Sharing Agreement and arbitration award for the period from April 2012 through September 2014. As of March 31, 2021 and December 31, 2020, the receivable under the Funding Agreement was approximately $54 million, respectively, and was included in other assets in the Condensed Consolidated Balance Sheet. The Company anticipates that it will collect sums related to the receivable after 2021, subject and pursuant to the terms of the Funding Agreement and related agreements. This receivable is not taken into account in calculating the Company’s Fox River net reserve.

The Company's litigations relating to contribution and enforcement claims concerning the Fox River have been concluded. A proposed consent decree settlement (the CD settlement) with respect to the contribution action (a case originally filed by NCR and API) and the government enforcement action (a case originally filed by the federal and state governments against several PRPs, including the Company) was successfully negotiated by NCR and the federal and state governments and was approved on August 22, 2017 by the federal district court in Wisconsin that had been presiding over those cases. A final order of dismissal as to the Company in the contribution and government enforcement actions was subsequently entered; one party, Glatfelter, had appealed the approval of the CD settlement. On January 3, 2019, the United States lodged a proposed consent decree with the Wisconsin court, reflecting a settlement reached by the United States, Wisconsin and Glatfelter with respect to Glatfelter’s Fox River liability under the government enforcement action; a component of that settlement was withdrawal of Glatfelter’s appeal opposing the Company’s CD settlement. On March 14, 2019, the Wisconsin court approved the Glatfelter consent decree, and on April 3, 2019, Glatfelter's appeal was dismissed.

The CD settlement has now resolved the remaining Fox River-related contribution and enforcement claims against the Company. The key components of the approved CD settlement include (1) the Company’s commitment to complete the remediation of the Fox River, which has now been completed; (2) the Company’s conditional agreement to waive its contribution claims against the two remaining defendants in the case, GP and Glatfelter; (3) the Company’s agreement not to appeal the trial court’s decision on divisibility of harm; (4) the Governments’ agreement to include in the settlement so-called “contribution protection” in the Company’s favor as to GP’s and Glatfelter’s contribution claims against the Company, the effect of which will be to extinguish those claims; (5) the Governments’ agreement not to pursue the Company for the Governments’ past oversight costs; and (6) the Governments’ agreement to exercise prosecutorial discretion in pursuing other parties for future oversight costs and long-term monitoring and maintenance, with the Company retaining so-called “backstop” liability in the event that the other parties fail to pay future oversight costs or to perform long-term monitoring and maintenance. Additionally, although certain state law claims by GP and Glatfelter against the Company may not be affected directly by the CD settlement, the CD settlement provides that the Company’s contribution claims against those two parties will revive if those parties attempt to assert any claims against the Company relating to the Fox River, including any state law claims.

In the quarter ending September 30, 2017, the remediation general contractor commenced an arbitration against the LLC, in a dispute over contract interpretation. The hearing on this matter was completed in June 2019, and the parties submitted post-trial briefs in August 2019. The amounts claimed by the contractor range from approximately $46 million to approximately $53 million; the Company disputed the claims and contested them vigorously during the hearing. In November 2019, having rejected substantial portions of the claims, the arbitration panel awarded the contractor approximately $10 million. The Company’s indemnitors and co-obligors, described below, were responsible for the majority of the award, with the Company’s share being approximately 25% of the award.

With respect to the Company’s prior dispute with API, which was generally superseded by the Funding Agreement, the Company received timely payments as they came due under the Funding Agreement. Although API filed for bankruptcy protection in October 2017, it had made all of the payments to the Company in connection with the Fox River that are required of it by the Funding Agreement.

NCR's eventual remediation liability, followed by long-term monitoring expected to be performed by others, will depend on a number of factors. In establishing the reserve, NCR attempts to estimate a range of reasonably possible outcomes for each of these factors, although each range is itself uncertain. NCR uses its best estimate within the range, if that is possible. Where there is a range of equally possible outcomes, and there is no amount within that range that is considered to be a better estimate than any other amount, NCR uses the low end of the range. The significant factors include: (1) the total remaining site costs, including the costs associated with decommissioning the site, the expected cost impact of which is expected to be neutral or non-material to the Company, including long-term monitoring following completion of the clean-up, and what parties are assigned to discharge the post-clean-up tasks (as noted, the Company no longer expects to bear long-term monitoring costs); (2) total NRD for the site and the share that NCR will bear (which is now resolved as to the Company); (3) the share of clean-up costs that NCR will bear (which is resolved under the CD settlement); (4) NCR's transaction and litigation costs to defend itself to the extent additional litigation is required with respect to claims brought by the general contractor; and (5) the share of NCR's payments that BAT will bear (which is governed by the Cost Sharing Agreement and the Funding Agreement, BAT has made all of the payments requested of it, and as discussed above; API is in bankruptcy and is not presumed likely to bear further shares of NCR’s payments). With respect to NRD, in connection with a certain settlement entered into by other PRPs in 2015, the Government withdrew the NRD claims it had prosecuted on behalf of NRD trustees, including those NRD claims asserted against the Company.

Calculation of the Company's Fox River reserve is subject to several complexities, and it is possible there could be additional changes to some elements of the reserve over upcoming periods, although the Company is unable to predict or estimate such

changes at this time. There can be no assurance that the clean-up and related expenditures and liabilities will not have a material effect on NCR's capital expenditures, earnings, financial condition, cash flows, or competitive position. As of March 31, 2021 and December 31, 2020, the gross reserve for the Fox River matter was approximately $6 million, respectively. As of March 31, 2021 and December 31, 2020, the net reserve for the Fox River matter was approximately $28 million, respectively. NCR contributes to the LLC to fund remediation activities and generally, by contract, has funded certain amounts of remediation expenses in advance. As of March 31, 2021 and December 31, 2020, approximately zero remained from this funding, respectively. NCR's reserve for the Fox River matter is reduced as the LLC makes payments to the remediation contractor and other vendors with respect to remediation activities.

Under a 1996 agreement, AT&T Corp. (AT&T) and Nokia (as the successor to Lucent Technologies and Alcatel-Lucent USA) are responsible severally (not jointly) for indemnifying NCR for certain portions of the amounts paid by NCR for the Fox River matter over a defined threshold and subject to certain offsets. (The agreement governs certain aspects of AT&T's divestiture of NCR and of what was then known as Lucent Technologies.) Those companies have made the payments requested of them by the Company on an ongoing basis.

Kalamazoo River In November 2010, USEPA issued a "general notice letter" to NCR with respect to the Allied Paper, Inc./Portage Creek/Kalamazoo River Superfund Site (Kalamazoo River site) in Michigan. Three other companies - International Paper, Mead Corporation, and Consumers Energy - also received general notice letters at or about the same time. USEPA asserts that the site is contaminated by various substances, primarily PCBs, as a result of discharges by various paper mills located along the river. USEPA does not claim that the Company made direct discharges into the Kalamazoo River, and NCR never had facilities at or near the Kalamazoo River site, but USEPA indicated that "NCR may be liable under Section 107 of CERCLA ... as an arranger, who by contract or agreement, arranged for the disposal, treatment and/or transportation of hazardous substances at the Site." USEPA stated that it "may issue special notice letters to [NCR] and other PRPs for future RI/FS [remedial investigation / feasibility studies] and RD/RA [remedial design / remedial action] negotiations."

In connection with the Kalamazoo River site, in December 2010 the Company, along with two other defendants, was sued in federal court by three Georgia-Pacific (GP) affiliate corporations in a private-party contribution and cost recovery action for alleged pollution. The suit, pending in Michigan, asks that the Company and other defendants pay a "fair portion" of these companies’ costs. Various removal and remedial actions remain to be decided upon and performed at the Kalamazoo River site, the total costs for which generally remain undetermined; in 2017 Records of Decisions were issued for two parts of the river, and in 2018 such a decision was issued for another part of the river, but such decisions for the majority of the work are expected to be made only over the next several years. The suit alleges that the Company is liable to the GP entities as an "arranger" under CERCLA. The initial phase of the case was tried in a Michigan federal court in February 2013; on September 26, 2013 the court issued a decision that held NCR was liable as an “arranger” as of at least March 1969. (PCB-containing carbonless copy paper was produced from approximately 1954 to April 1971, and the majority of contamination at the Kalamazoo River site had occurred prior to 1969). NCR preserved its right to appeal the September 2013 decision.

In the 2013 decision, the Court did not determine NCR’s share of the overall liability. Relative shares of liability for the four companies were tried to the court in a subsequent phase of the case in December 2015. In a ruling issued on March 29, 2018, the court addressed responsibility for the costs that GP had incurred in the past, totaling to approximately $50 million (GP had sought approximately $105 million, but $55 million of those claims were removed by the court upon motions filed by the Company and other parties); NCR and GP were each assigned a 40% share of those costs, and the other two companies were assigned 15% and 5% as their allocations. The court entered a judgment in the case on June 19, 2018, in which it indicated that it would not allocate future costs, but would enter a declaratory judgment that the four companies together had responsibility for future costs, in amounts and shares to be determined. Cross-proceedings have been commenced to obtain recoveries from the other parties pursuant to the judgment; those proceedings were stayed pending the appeal referenced below.

In July 2018, the Company appealed to the United States Court of Appeals for the Sixth Circuit both the 2013 court decision, which it believes is in conflict with a decision from the Fox River trial court as to Operable Unit 1 of that site and an affirmance of that decision from the Court of Appeals for the Seventh Circuit, and the 2018 court decision, on various legal grounds. The Company filed a bond to stay any execution of the judgment pending the appeal, and its application for a stay was approved by the court and remains stayed until the Company filed its dismissal of the appeal on December 31, 2020 pursuant to a Consent Decree, noted below.

During the pendency of the Sixth Circuit stay, the Company negotiated a settlement of the Kalamazoo River matter with the USEPA and other government agencies having oversight over the river. On December 5, 2019, the Company entered into a Consent Decree, filed with the District Court on December 11, 2019, and on December 2, 2020, the District Court approved the Consent Decree, which has now resolved all litigation associated with the river clean-up, including the Sixth Circuit appeal. The

Consent Decree requires the Company to pay GP its 40% share of past costs, to pay the USEPA and state agencies their past and future administrative costs, and to dismiss its Sixth Circuit appeal. The Consent Decree further requires the Company to take responsibility for the remediation of a portion, but not all, of the Kalamazoo River. The Consent Decree further provides the Company protection from other PRPs, including GP, seeking contribution for their costs associated with the clean-up anywhere on the river, thereby resolving the allocation of future costs left unresolved by the June 19, 2019 judgment.

NCR expects to have claims against BAT and API under the Funding Agreement, discussed above for the Kalamazoo River remediation expenses. API filed for bankruptcy protection in October 2017, and thus payment of its potential share under the Funding Agreement for so-called “future sites,” which would include the Kalamazoo River site, may be at risk, but as liability under the Cost Sharing Agreement and the Funding Agreement is joint and several, the bankruptcy is not anticipated to affect the Company’s ability to seek that amount from BAT. The Company will also have indemnity or reimbursement claims against AT&T and Nokia under the arrangement discussed above in connection with the Fox River matter after expenses have met a contractual threshold set out in the 1996 agreement referenced above in the Fox River discussion.

As of March 31, 2021 and December 31, 2020, the total reserve for Kalamazoo was $122 million and $164 million, respectively. That figure is reported on a basis that is net of expected contributions from the Company's co-obligors and indemnitors, subject to when the applicable threshold is reached. While the Company believes its co-obligors' and indemnitors' obligations are as previously reported, the reserve reflects changes in positions taken by some of those co-obligors and indemnitors with respect to the Kalamazoo River. The contributions from its co-obligors and indemnitors are expected to range from $70 million to $140 million and the Company will continue to pursue such contribution.

As many aspects of the costs of remediation will not be determined for several years (and thus the high end of a range of possible costs for many areas of the site cannot be quantified at this time), the Company has made what it considers to be reasonable estimates of the low end of a range for such costs where remedies are identified, and/or of the costs of investigations and studies for areas of the river where remedies have not yet been determined, and the reserve is informed by those estimates. The extent of NCR’s potential liability remains subject to many uncertainties, notwithstanding the settlement of this matter and related Consent Decree noted above, particularly inasmuch as remedy decisions and cost estimates will not be generated until times in the future and as most of the work to be performed will take place through the 2030s. Under other assumptions or estimates for possible costs of remediation, which the Company does not at this point consider to be reasonably estimable or verifiable, it is possible that the reserve the Company has taken to discontinued operations reflected in this paragraph could more than approximately double the reflected reserve.

Ebina The Company is engaged in cooperative regulatory compliance activities with the government of Japan in connection with certain environmental contaminants generated in its past operations in that country. The Company has quantities of PCB and other wastes primarily from its former plant at Oiso, Japan, including capsulated undiluted solutions manufactured in the past, capacitors, light ballasts and PCB-affected soil from the Oiso plant that was excavated and placed in steel drums. These wastes are stored in a facility at Ebina, Japan in accordance with Japanese regulations governing such materials. Over the past several years Japan has enacted and amended legislation governing such wastes, and has set a current deadline for treating and disposing of (at government-constructed disposal facilities) the highest-concentration wastes by 2027. Lower-concentration wastes can be and have been disposed of via private contractors, and as of the period ended March 31, 2021, NCR had disposed of approximately one-half of its lower-concentration wastes.

The Company and its consultants have met and communicated regularly with the Japanese agency charged with administration of the law, and are working with that agency on a program to manage disposal of the high-concentration wastes, including tests of technologies to make the disposal more efficient. Pending final government approvals, the Company expects to begin disposal of high-concentration wastes in early 2021, with final deadlines for various of the government-constructed disposal sites currently set for 2022, 2023 and later. Low-concentration wastes are required to be contracted for disposal by 2027, a timetable that the Company expects to meet. In September 2019, the Company’s environmental consultants, following a series of communications and meetings with the Japanese agency, at the Company’s request prepared an estimate of remaining disposal costs over the coming several years. While the estimate is subject to a range of assumptions and uncertainties, including prospects of cost reduction in coordination with the agency as certain field testing to separate high-concentration and low-concentration waste progresses over the coming years, the Company has adjusted its existing reserve for the matter to take into account this cost estimate, and that reserve as of March 31, 2021 is $19 million compared to $20 million at December 31, 2020. The Japan environmental waste issue is treated as a compliance matter and not as litigation or enforcement, and the Company has received no threats of litigation or enforcement.

Environmental-Related Insurance Recoveries In connection with the Fox River and other environmental sites, through March 31, 2021, NCR has received a combined gross total of approximately $202 million in settlements reached with various of its

insurance carriers. Portions of many of these settlements agreed in the 2010 through 2013 timeframe are payable to a law firm that litigated the claims on the Company's behalf. Some of the settlements cover not only the Fox River but also other environmental sites; some are limited to either the Fox River or the Kalamazoo River site. Some of the settlements are directed to defense costs and some are directed to indemnity; some settlements cover both defense costs and indemnity. The Company does not anticipate that further material insurance recoveries specific to Kalamazoo River remediation costs will be available to it, but is currently in settlement discussions with certain carriers over amounts potentially owed to the Company. Claims with respect to Kalamazoo River defense costs have now been settled, with the amounts of those settlements included in the sum reported above.

Environmental Remediation Estimates It is difficult to estimate the future financial impact of environmental laws, including potential liabilities. NCR records environmental provisions when it is probable that a liability has been incurred and the amount or range of the liability is reasonably estimable in accordance with accounting guidance, where liabilities are not expected to be quantifiable or estimable for a period of years, the estimated costs of investigating those liabilities are recorded as a component of the reserve for that particular site. Provisions for estimated losses from environmental restoration and remediation are, depending on the site, based generally on internal and third-party environmental studies, estimates as to the number and participation level of other PRPs, the extent of contamination, estimated amounts for attorney and other fees, and the nature of required clean-up and restoration actions. Reserves are adjusted as further information develops or circumstances change. Management expects that the amounts reserved from time to time will be paid out over the period of investigation, negotiation, remediation and restoration for the applicable sites. The amounts provided for environmental matters in NCR's Condensed Consolidated Financial Statements are the estimated gross undiscounted amounts of such liabilities, without deductions for indemnity insurance, third-party indemnity claims or recoveries from other PRPs, except as qualified in the following sentences. In those cases where insurance carriers or third-party indemnitors have agreed to pay any amounts and management believes that collectability of such amounts is probable, the amounts are recorded in the Condensed Consolidated Financial Statements. For the Fox River and Kalamazoo River sites, as described above, assets relating to the AT&T and Nokia indemnities and to the BAT obligations are recorded as payment is supported by contractual agreements, public filings and/or payment history.

Guarantees and Product Warranties In the ordinary course of business, NCR may issue performance guarantees on behalf of its subsidiaries to certain of its customers and other parties. Some of those guarantees may be backed by standby letters of credit, surety bonds, or similar instruments. In general, under the guarantees, NCR would be obligated to perform, or cause performance, over the term of the underlying contract in the event of an unexcused, uncured breach by its subsidiary, or some other specified triggering event, in each case as defined by the applicable guarantee. NCR believes the likelihood of having to perform under any such guarantee is remote. As of March 31, 2021 and December 31, 2020, NCR had no material obligations related to such guarantees, and therefore its Condensed Consolidated Financial Statements do not have any associated liability balance.

NCR provides its customers a standard manufacturer’s warranty and records, at the time of the sale, a corresponding estimated liability for potential warranty costs. Estimated future obligations due to warranty claims are based upon historical factors, such as labor rates, average repair time, travel time, number of service calls per machine and cost of replacement parts. When a sale is consummated, the total customer revenue is recognized, provided that all revenue recognition criteria are otherwise satisfied, and the associated warranty liability is recorded using pre-established warranty percentages for the respective product classes.

From time to time, product design or quality corrections are accomplished through modification programs. When identified, associated costs of labor and parts for such programs are estimated and accrued as part of the warranty reserve.

The Company recorded the activity related to the warranty reserve for the three months ended March 31 as follows:


In millions	2021		2020
Warranty reserve liability
Beginning balance as of January 1	$	18	$	21
Accruals for warranties issued	7		8
Settlements (in cash or in kind)	(7)		(11)
Ending balance as of March 31	$	18	$	18

In addition, NCR provides its customers with certain indemnification rights. In general, NCR agrees to indemnify the customer if a third party asserts patent or other infringement on the part of its customers for its use of the Company’s products subject to certain conditions that are generally standard within the Company’s industries. On limited occasions the Company will

undertake additional indemnification obligations for business reasons. From time to time, NCR also enters into agreements in connection with its acquisition and divestiture activities that include indemnification obligations by the Company. The fair value of these indemnification obligations is not readily determinable due to the conditional nature of the Company’s potential obligations and the specific facts and circumstances involved with each particular agreement. The Company has not recorded a liability in connection with these indemnifications, and no current indemnification instance is material to the Company’s financial position. Historically, payments made by the Company under these types of agreements have not had a material effect on the Company’s condensed consolidated financial condition, results of operations or cash flows.Purchase Commitments The Company has purchase commitments for materials, supplies, services, and property, plant and equipment as part of the normal course of business. This includes a long-term service agreement with Accenture, under which many of NCR's key transaction processing activities and functions are performed.

Debt Obligations - Senior Secured Credit Facility (Details)		3 Months Ended
	Apr. 06, 2021	Mar. 31, 2021 USD ($) Rate	Feb. 16, 2021 USD ($)	Feb. 04, 2021 USD ($)	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Short-term Debt		$ 52,000,000			$ 8,000,000
Quarterly Payment of Term Loan Principal Amount		0.25%
Long-term debt		$ 3,349,000,000			3,270,000,000
Increase in Maximum Permitted Leverage Ratio due to Material Acquisitions		0.25
Available additional amount of incremental term loan commitment		$ 150,000,000
Additional revolving commitments under senior secured credit facility			$ 200,000,000
Letters of credit outstanding		26,000,000
Senior secured incremental term loan A facility			1,505,000,000
Senior secured incremental term loan B facility			195,000,000
Senior secured bridge facility			1,000,000,000.00
Debt Related Commitment Fees and Debt Issuance Costs		$ 17,000,000
Revolving credit facility under senior secured credit facility			$ 1,100,000,000
Subsequent Event [Member]
Debt Instrument [Line Items]
Percentage of Note Required Outstanding	55.00%
Period One
Debt Instrument [Line Items]
Debt consolidated leverage ratio		4.25
Debt maximum spread on consolidated leverage ratio		0.50
Period Two
Debt Instrument [Line Items]
Debt consolidated leverage ratio		1.00
Period Three
Debt Instrument [Line Items]
Debt consolidated leverage ratio		4.00
Debt maximum spread on consolidated leverage ratio		0.50
Period Four
Debt Instrument [Line Items]
Debt consolidated leverage ratio		1.00
Period Five
Debt Instrument [Line Items]
Debt consolidated leverage ratio		4.50
Term loan facility \| Base Rate
Debt Instrument [Line Items]
Debt basis spread on variable rate		1.50%
Term loan facility \| LIBOR
Debt Instrument [Line Items]
Debt basis spread on variable rate \| Rate		2.50%
Secured Debt
Debt Instrument [Line Items]
Debt Instrument Covenant Interest Coverage Ratio		4.75
Debt maximum consolidated leverage ratio		4.60
Debt instrument covenant maximum consolidated leverage ratio; Cardtronics Transaction				5.50
Secured Debt \| Federal Funds Rate
Debt Instrument [Line Items]
Debt basis spread on variable rate		0.50%
Secured Debt \| Base Rate
Debt Instrument [Line Items]
Debt basis spread on variable rate		1.00%
Secured Debt \| LIBOR \| Minimum
Debt Instrument [Line Items]
Debt margin for base rate loans		1.25%
Secured Debt \| LIBOR \| Maximum
Debt Instrument [Line Items]
Debt margin for base rate loans		2.25%
Secured Debt \| EURIBOR \| Minimum
Debt Instrument [Line Items]
Debt margin for base rate loans		0.25%
Secured Debt \| EURIBOR \| Maximum
Debt Instrument [Line Items]
Debt margin for base rate loans		1.25%
Term loan facility
Debt Instrument [Line Items]
Total Term Loan Balance Outstanding		$ 733,000,000
Long-term debt		731,000,000			733,000,000
Term loan facility \| Secured Debt
Debt Instrument [Line Items]
Secured revolving credit facility principal amount		750,000,000
Revolving [Member] \| Secured Debt
Debt Instrument [Line Items]
Secured revolving credit facility principal amount		1,100,000,000
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt		155,000,000			$ 75,000,000
Revolving Foreign \| Secured Debt
Debt Instrument [Line Items]
Secured revolving credit facility principal amount		$ 400,000,000
Secured Debt \| Federal Funds Rate
Debt Instrument [Line Items]
Debt basis spread on variable rate		0.50%

Revisions of Previously Issued Financial Statements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (Decrease) in Other Operating Assets and Liabilities, Net	$ (9)	$ (97)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	155	54
Increase (Decrease) in Client Funds Held	0	(12)
Net Cash Provided by (Used in) Investing Activities	(218)	(98)
Net Cash Provided by (Used in) Financing Activities	98	765
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(15)	710
Cash, Cash Equivalents, Restricted Cash at end of period	$ 391	1,273
Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (Decrease) in Other Operating Assets and Liabilities, Net		(90)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations		61
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect		717
Cash, cash equivalents and restricted cash at beginning of period		548
Cash, Cash Equivalents, Restricted Cash at end of period		1,265
Revision of Prior Period, Error Correction, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (Decrease) in Other Operating Assets and Liabilities, Net		(7)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations		(7)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect		(7)
Cash, cash equivalents and restricted cash at beginning of period		15
Cash, Cash Equivalents, Restricted Cash at end of period		8
As Revised
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (Decrease) in Other Operating Assets and Liabilities, Net		(97)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations		54
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect		710
Cash, cash equivalents and restricted cash at beginning of period		563
Cash, Cash Equivalents, Restricted Cash at end of period		$ 1,273

Employee Benefit Plans - Postemployment Plan (Details) - Postemployment Retirement Benefits - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Net service cost	$ 6	$ 6
Interest cost	1	0
Amortization of prior service benefit	(1)	0
Amortization of actuarial gain	0	(1)
Net benefit cost	$ 6	$ 5

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Schedule of Net Contract Assets and Contract Liabilities Balances

The following table presents the net contract asset and contract liability balances as of March 31, 2021 and December 31, 2020.


In millions	Location in the Condensed Consolidated Balance Sheet	March 31, 2021		December 31, 2020
Current portion of contract liabilities	Contract liabilities	$	594	$	507
Non-current portion of contract liabilities	Other liabilities	$	76	$	80

Reconciliation of cash, cash equivalents, and restricted cash

The reconciliation of cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows is as follows:


In millions	March 31
	2021		2020 As Revised
Reconciliation of cash, cash equivalents and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows
Cash and cash equivalents	$	319	$	1,214
Restricted cash included in other assets	8		7
Funds held for clients included in other current assets	44		44
Cash included in settlement processing assets included in other current assets	20		8
Total cash, cash equivalents and restricted cash	$	391	$	1,273

Derivatives and Hedging Instruments - Derivative Fair Values (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value	$ 1	$ 0
Derivative Liabilities, Fair Value	2	1
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value	0	0
Derivative Liabilities, Fair Value	0	0
Derivatives designated as hedging instruments \| Foreign exchange contracts \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	0	0
Derivative Assets, Fair Value	0	0
Derivatives designated as hedging instruments \| Foreign exchange contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Notional Amount	0
Derivative Liabilities, Fair Value	0	0
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value	1	0
Derivative Liabilities, Fair Value	2	1
Derivatives not designated as hedging instruments \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value		0
Derivatives not designated as hedging instruments \| Foreign exchange contracts \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	184	150
Derivative Assets, Fair Value	1
Derivatives not designated as hedging instruments \| Foreign exchange contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Notional Amount	477	425
Derivative Liabilities, Fair Value	$ 2	$ 1

Earnings Per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

12. EARNINGS PER SHARE

Basic earnings per share (EPS) is calculated by dividing net income or loss attributable to NCR, less any dividends (declared or cumulative undeclared), deemed dividends, accretion or decretion, redemption or induced conversion on our Series A Convertible Preferred Stock, by the weighted average number of shares outstanding during the period.

In computing diluted EPS, we adjust the numerator used in the basic EPS computation, subject to anti-dilution requirements, to add back the dividends (declared or cumulative undeclared), deemed dividends, accretion or decretion, redemption or induced conversion on our Series A Convertible Preferred Stock. We adjust the denominator used in the basic EPS computation, subject to anti-dilution requirements, to include the dilution from potential shares related to the Series A Convertible Preferred Stock and stock-based compensation plans.

The holders of Series A Convertible Preferred Stock, unvested restricted stock units and stock options do not have nonforfeitable rights to common stock dividends or common stock dividend equivalents. Accordingly, the Series A Convertible Preferred Stock, unvested restricted stock units and stock options do not qualify as participating securities. See Note 7, Stock Compensation Plans for share information on NCR’s stock compensation plans.

The components of basic earnings per share are as follows:


In millions, except per share amounts	Three months ended March 31
	2021		2020
Numerator:
Income from continuing operations	$	30	$	23
Dividends on Series A Convertible Preferred Stock	(4)		(6)

Income from continuing operations attributable to NCR common stockholders	26		17
Loss from discontinued operations, net of tax	—		—
Net income attributable to NCR common stockholders	$	26	$	17

Denominator:
Basic weighted average number of shares outstanding	130.0		128.0

Basic earnings per share:
From continuing operations	$	0.20	$	0.13
From discontinued operations	—		—
Total basic earnings per share	$	0.20	$	0.13

The components of diluted earnings per share are as follows:


In millions, except per share amounts	Three months ended March 31
	2021		2020
Numerator:
Income from continuing operations	$	30	$	23
Dividends on Series A Convertible Preferred Stock	(4)		(6)

Income from continuing operations attributable to NCR common stockholders	26		17
Loss from discontinued operations, net of tax	—		—
Net income attributable to NCR common stockholders	$	26	$	17

Denominator:
Basic weighted average number of shares outstanding	130.0		128.0


Dilutive effect of restricted stock units and stock options	4.7		2.5
Weighted average diluted shares	134.7		130.5

Diluted earnings per share:
From continuing operations	$	0.19	$	0.13
From discontinued operations	—		—
Total diluted earnings per share	$	0.19	$	0.13

For the three months ended March 31, 2021, shares related to the as-if converted Series A Convertible Preferred Stock of 9.2 million were excluded from the diluted share count because their effect would have been anti-dilutive. For the three months ended March 31, 2021, weighted average restricted stock units and stock options of 5.0 million were excluded from the diluted share count because their effect would have been anti-dilutive.

For the three months ended March 31, 2020, shares related to the as-if converted Series A Convertible Preferred Stock of 13.2 million were excluded from the diluted share count because their effect would have been anti-dilutive. For the three months ended March 31, 2020, weighted average restricted stock units and stock options of 7.8 million were excluded from the diluted share count because their effect would have been anti-dilutive.

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	The accompanying Condensed Consolidated Financial Statements have been prepared by NCR Corporation (NCR, the Company, we or us) without audit pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC) and, in the opinion of management, include all adjustments (consisting of normal, recurring adjustments, unless otherwise disclosed) necessary for a fair statement of the condensed consolidated results of operations, financial position, and cash flows for each period presented. The consolidated results for the interim periods are not necessarily indicative of results to be expected for the full year. The 2020 year-end Condensed Consolidated Balance Sheet was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States (GAAP). These financial statements should be read in conjunction with NCR’s Form 10-K for the year ended December 31, 2020.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the period reported. Although our estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing novel coronavirus (COVID-19) pandemic. The severity, magnitude and duration of the COVID-19 pandemic, and the resulting economic consequences, are uncertain, rapidly changing and difficult to predict with certainty. As a result, our accounting estimates and assumptions may change over time as a consequence of the effects of COVID-19. Such changes could result in future impairments of goodwill, intangible assets, long-lived assets, incremental credit losses on accounts receivable and decreases in the carrying amount of our tax assets.
Evaluation of Subsequent Events	Evaluation of Subsequent Events The Company evaluated subsequent events through the date that our Condensed Consolidated Financial Statements were issued. No matters were identified that required adjustment of the Condensed Consolidated Financial Statements or additional disclosure other than subsequent events disclosed within the notes to the Condensed Consolidated Financial Statements.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy	Cash, Cash Equivalents, and Restricted Cash All short-term, highly liquid investments having original maturities of three months or less, including time deposits, are considered to be cash equivalents. The Company has restricted cash on deposit with a bank as collateral for letters of credit, funds held for clients as well as cash included in settlement processing assets.
Remaining Performance Obligations	Remaining Performance Obligations Remaining performance obligations represent the transaction price of orders for which products have not been delivered or services have not been performed. As of March 31, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $3.8 billion. The Company expects to recognize revenue on approximately three-quarters of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. The majority of our professional services are expected to be recognized over the next 12 months but this is contingent upon a number of factors, including customers’ needs and schedules.The Company has made two elections that affect the value of remaining performance obligations described above. We do not disclose remaining performance obligations for Software as a Service (SaaS) contracts where variable consideration is directly allocated based on usage or when the original expected length is one year or less.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Issued In August 2020, the Financial Accounting Standards Board ("FASB") issued an accounting standards update with new guidance for convertible preferred stock, which eliminates considerations related to the beneficial conversion feature model. The standard also requires an average stock price when calculating the denominator for diluted earnings per share to be used for stock units where the settlement of the number of shares is based on the stock price. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. Early adoption is permitted no earlier than fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. The adoption of this accounting standards update is not expected to have a material effect on the Company's net income, cash flows, earnings per share or financial condition.
Lessor	Lessor We have various arrangements for certain point-of-sale equipment under which we are the lessor. These leases meet the criteria for operating lease classification. Lease income associated with these leases is not material.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130561-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (d)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Assets, Current [Abstract]
Cash and cash equivalents	$ 319	$ 338
Accounts receivable, net of allowances of $39 and $51 as of March 31, 2021 and December 31, 2020, respectively	1,212	1,117
Inventories	634	601
Other current assets	447	422
Total current assets	2,612	2,478
Property, Plant and Equipment, Net	364	373
Goodwill	2,924	2,837
Intangible Assets, Net (Excluding Goodwill)	565	532
Operating Lease, Right-of-Use Asset	396	344
Assets for Plan Benefits, Defined Benefit Plan	202	199
Deferred Income Taxes and Other Assets, Noncurrent	946	965
Other Assets, Noncurrent	693	686
Assets, Total	8,702	8,414
Liabilities, Current [Abstract]
Short-term Debt	52	8
Accounts Payable, Current	707	632
Employee-related Liabilities, Current	227	268
Contract with Customer, Liability, Current	594	507
Other Liabilities, Current	638	673
Liabilities, Current, Total	2,218	2,088
Long-term debt	3,349	3,270
Pension and indemnity plan liabilities	839	851
Postretirement and postemployment benefits liabilities	117	120
Income tax accruals	101	102
Operating lease liabilities	377	325
Other liabilities	328	334
Liabilities, Total	7,329	7,090
Commitments and Contingencies (Note 9)
Series A Convertible Preferred Stock, par value $0.01, 3.0 shares authorized	273	273
Stockholders’ equity
Preferred Stock, Value, Issued	0	0
Common Stock, Value, Issued	1	1
Paid-in capital	398	368
Retained earnings	976	950
Accumulated other comprehensive loss	(279)	(271)
Total NCR stockholders’ equity	1,096	1,048
Noncontrolling interests in subsidiaries	4	3
Total stockholders’ equity	1,100	1,051
Total liabilities and stockholders’ equity	$ 8,702	$ 8,414

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer	$ 4
Total estimated contributions by employer during fiscal year	25
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year	21
Postretirement Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer	0
Total estimated contributions by employer during fiscal year	2
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year	2
Postemployment Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer	10
Total estimated contributions by employer during fiscal year	39
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year	29
Net benefit cost	$ 6	$ 5

- Definition

Amount of contribution received by defined benefit plan from employer which increases plan assets.

+ References + Details

Supplemental Financial Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Supplemental Financial Information [Abstract]
Provision for Other Credit Losses	$ 0	$ 10
Accounts Receivable, Allowance for Credit Loss, Writeoff	$ 12	3
Provision for Credit Losses attributable to COVID-19		$ 4

Stock Compensation Plans - Stock-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units	$ 36	$ 19
Stock options	6	4
Employee stock purchase plan	2	2
Stock-based compensation expense	44	25
Tax Benefit	(5)	(3)
Stock-based compensation expense (net of tax)	$ 39	$ 22

Earnings Per Share - Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Numerator:
Income (loss) from continuing operations	$ 30	$ 23
Preferred Stock Dividends Income Statement Impact Included in Diluted Earnings Per Share From Continuing Operations	4	6
Income from continuing operations attributable to NCR common stockholders	26	17
Loss from discontinued operations, net of tax	0	0
Net income attributable to NCR common stockholders	$ 26	$ 17
Weighted average outstanding shares of common stock (in shares)	130.0	128.0
Dilutive effect of restricted stock units (in shares)	4.7	2.5
Denominator (in shares)	134.7	130.5
Diluted earnings per share:
From continuing operations (in dollars per share)	$ 0.19	$ 0.13
From discontinued operations (in dollars per share)	0	0
Total diluted earnings (loss) per share (in dollars per share)	$ 0.19	$ 0.13
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred Stock Dividends Income Statement Impact Included in Diluted Earnings Per Share From Continuing Operations	$ 4	$ 6
Series A Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from diluted per share count (in shares)	9.2	13.2
Restricted Stock Units (RSUs) and Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from diluted per share count (in shares)	5.0	7.8

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Total Stockholders Equity	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Non-Redeemable Noncontrolling Interests in Subsidiaries
Balance at beginning of period (in shares) at Dec. 31, 2019			127.0
Balance at beginning of period at Dec. 31, 2019		$ 1,107	$ 1	$ 312	$ 1,060	$ (269)	$ 3
Comprehensive income:
Net income		24			23		1
Other comprehensive income	$ (61)	(61)				(60)	(1)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Continuing Operations		(37)			23	(60)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Nonredeemable Noncontrolling Interest							0
Employee stock purchase and stock compensation plans (in shares)			2.0
Employee stock purchase and stock compensation plans		4		4
Series A convertible preferred stock dividends		(6)
Series A convertible preferred stock dividends					(6)
Repurchase of Company common stock (in shares)			(2.0)
Stock Repurchased During Period, Value		(41)		(41)
Balance at end of period (in shares) at Mar. 31, 2020			127.0
Balance at end of period at Mar. 31, 2020		1,027	$ 1	275	1,077	(329)	3
Balance at beginning of period (in shares) at Dec. 31, 2020	129.1		129.0
Balance at beginning of period at Dec. 31, 2020	$ 1,051	1,051	$ 1	368	950	(271)	3
Comprehensive income:
Net income		31			30		1
Other comprehensive income	$ (8)	(8)				(8)	0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Continuing Operations		23			30	(8)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Nonredeemable Noncontrolling Interest							1
Employee stock purchase and stock compensation plans (in shares)			2.0
Employee stock purchase and stock compensation plans		30		30
Series A convertible preferred stock dividends		(4)			(4)
Balance at end of period (in shares) at Mar. 31, 2021	130.6		131.0
Balance at end of period at Mar. 31, 2021	$ 1,100	$ 1,100	$ 1	$ 398	$ 976	$ (279)	$ 4

Segment Information and Concentrations - Revenue by Geography (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 1,544	$ 1,503
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	929	892
Europe, Middle East and Africa (EMEA)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	417	403
Asia Pacific (APJ)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 198	$ 208

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Basis of Presentation and Summary of Significant Accounting Policies Cash and Cash equivalents (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Accounting Policies [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 319	$ 338	$ 1,214
Restricted Cash	8		7
Funds held for clients included in other current assets	44		44
Cash included in settlement processing assets included in other current assets	20		8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash at end of period	$ 391		$ 1,273

Debt Obligations - Trade Receivables Securitization Facility (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Trade receivables securitization facility, maximum borrowing base	$ 300
Short-term Debt	52	$ 8
Trade receivables securitization facility, collateral at period end	$ 475	428
Federal Funds Rate \| Secured Debt
Debt Instrument [Line Items]
Debt basis spread on variable rate	0.50%
Trade Receivables Securitization Facility
Debt Instrument [Line Items]
Short-term Debt	$ 50	$ 0

Accumulated Other Comprehensive Income (Loss) (AOCI) - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, General and Administrative Expense	$ (238)	$ (255)
Research and development expenses	(66)	(65)
Interest Expense	45	50
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	31	24
Income tax expense	(17)	(1)
Net income (loss) attributable to NCR common stockholders	26	17
Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(408)	(391)
Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(722)	(715)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(1)	(3)
Income tax expense	0	1
Net income (loss) attributable to NCR common stockholders	(1)	(2)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(1)	(2)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Effective Cash Flow Hedge Loss (Gain)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Effective Cash Flow Hedge Loss (Gain) \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Effective Cash Flow Hedge Loss (Gain) \| Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Amortization of Prior Service Benefit
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(1)	(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Amortization of Prior Service Benefit \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Amortization of Prior Service Benefit \| Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(1)	(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Changes in Fair Value of Effective Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Changes in Fair Value of Effective Cash Flow Hedges \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Changes in Fair Value of Effective Cash Flow Hedges \| Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	$ 0	$ 0

Debt Obligations

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

DEBT OBLIGATIONS

5. DEBT OBLIGATIONS

The following table summarizes the Company's short-term borrowings and long-term debt:


		March 31, 2021			December 31, 2020
In millions, except percentages		Amount		Weighted-Average Interest Rate	Amount		Weighted-Average Interest Rate
Short-Term Borrowings
Current portion of Senior Secured Credit Facility (1)		$	2	2.72%	$	8	2.65%
Trade Receivables Securitization Facility		50		0.95%	—		—%

	Total short-term borrowings	$	52		$	8
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facility (1)	$	731	2.72%	$	733	2.65%
	Revolving credit facility (1)	155		2.39%	75		2.40%
Senior notes:




	8.125% Senior Notes due 2025	400			400
	5.750% Senior Notes due 2027	500			500
	5.000% Senior Notes due 2028	650			650
	6.125% Senior Notes due 2029	500			500
	5.250% Senior Notes due 2030	450			450
Deferred financing fees		(39)			(40)
Other (1)		2		7.48%	2		7.68%
	Total long-term debt	$	3,349		$	3,270

(1) Interest rates are weighted-average interest rates as of March 31, 2021 and December 31, 2020.

Senior Secured Credit Facility On August 28, 2019, the Company entered into an amended and restated senior secured credit agreement with and among certain subsidiaries of NCR (the Foreign Borrowers), the lenders party thereto and JPMorgan Chase Bank, NA (JPMCB) as the administrative agent, refinancing its term loan facility and revolving credit facility thereunder (the Senior Secured Credit Facility). The Senior Secured Credit Facility consists of a term loan facility in an original aggregate principal amount of $750 million, of which $733 million was outstanding as of March 31, 2021. Additionally, the Senior Secured Credit Facility provides for a five-year revolving credit facility with an aggregate principal amount of $1.1 billion, of which $155 million was outstanding as of March 31, 2021. The revolving credit facility also allows a portion of the availability to be used for letters of credit, and, as of March 31, 2021, outstanding letters of credit were $26 million.

Up to $400 million of the revolving credit facility is available to the Foreign Borrowers, as long as there is availability under the revolving credit facility. Term loans were made to the Company in U.S. Dollars, and loans under the revolving credit facility are available in U.S. Dollars, Euros and Pound Sterling.

The outstanding principal balance of the term loan facility is required to be repaid in equal quarterly installments of 0.25% of the original aggregate principal amount that began with the fiscal quarter ending December 31, 2019, with the balance being due at maturity on August 28, 2026 and may be repaid and reborrowed prior to maturity, subject to the satisfaction of customary conditions. Borrowings under the revolving portion of the credit facility are due August 28, 2024. Revolving loans outstanding under the Senior Secured Credit Facility denominated in U.S. Dollars bear interest at the Company's option at (a) London Inter-bank Offered Rate (LIBOR), plus a margin ranging from 1.25% to 2.25% or (b) a base rate equal to the highest of (i) the federal funds rate plus 0.50%, (ii) the rate of interest last quoted by the Wall Street Journal as the “prime rate” and (iii)

the one-month LIBOR rate plus 1.00% (the Base Rate), plus, a margin ranging from 0.25% to 1.25%, in each case, depending on the Company’s consolidated leverage ratio. Revolving loans denominated in Euro bear interest at the EURIBOR, plus a margin ranging from 1.25% to 2.25% depending on the Company’s consolidated leverage ratio. The terms of the Senior Secured Credit Facility also require certain other fees and payments to be made by the Company, including a commitment fee on the undrawn portion of the revolving credit facility. Term loans outstanding under the Senior Secured Credit Facility bear interest, at NCR's option, at LIBOR plus 2.50% per annum or the Base Rate plus a 1.50% margin per annum. In the event that LIBOR is no longer available or in certain other circumstances as described in the Senior Secured Credit Facility, the Senior Secured Credit Facility provides a mechanism for determining an alternative rate of interest. There is no assurance that any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, LIBOR.

The obligations of the Company and Foreign Borrowers under the Senior Secured Credit Facility are guaranteed by the Company's wholly-owned subsidiary, NCR International, Inc. (the Guarantor Subsidiary). The Senior Secured Credit Facility and such guarantee are secured by a first priority lien and security interest in certain equity interests owned by the Company and the Guarantor Subsidiary in certain of their respective domestic and foreign subsidiaries, and a perfected first priority lien and security interest in substantially all of the Company's U.S. assets and the assets of the Guarantor Subsidiary, subject to certain exclusions. These security interests would be released if the Company achieves an “investment grade” rating and will remain released so long as the Company maintains that rating.

The Senior Secured Credit Facility includes affirmative and negative covenants that restrict or limit the ability of the Company and its subsidiaries to, among other things, incur indebtedness; create liens on assets; engage in certain fundamental corporate changes or changes to the Company's business activities; make investments; sell or otherwise dispose of assets; engage in sale-leaseback or hedging transactions; repurchase stock, pay dividends or make similar distributions; repay other indebtedness; engage in certain affiliate transactions; or enter into agreements that restrict the Company's ability to create liens, pay dividends or make loan repayments. The Senior Secured Credit Facility also includes a financial covenant that requires the Company to maintain:

•a consolidated leverage ratio on the last day of any fiscal quarter, not to exceed (i) in the case of any fiscal quarter ending on or prior to March 31, 2021, (a) the sum of 4.50 and an amount (not to exceed 0.50) to reflect debt used to reduce NCR’s unfunded pension liabilities to (b) 1.00, and (ii) in the case of any fiscal quarter ending after March 31, 2021 and on or prior to March 31, 2023, (a) the sum of 4.25 and an amount (not to exceed 0.50) to reflect debt used to reduce NCR’s unfunded pension liabilities to (b) 1.00; and (iii) in the case of any fiscal quarter ending after March 31, 2023, (a) the sum of 4.00 and an amount (not to exceed 0.50) to reflect debt used to reduce our unfunded pension liabilities to (b) 1.00.

The Company has the option to elect to increase the maximum permitted leverage ratio by 0.25 in connection with the consummation of any material acquisition (as defined in the Senior Secured Credit Facility) for four fiscal quarters, but in no event will the maximum permitted leverage ratio, inclusive of all increases, exceed 4.75 to 1.00. At March 31, 2021, the maximum consolidated leverage ratio under the Senior Secured Credit Facility was 4.60 to 1.00.

The Senior Secured Credit Facility also includes provisions for events of default, which are customary for similar financings. Upon the occurrence of an event of default, the lenders may, among other things, terminate the loan commitments, accelerate all loans and require cash collateral deposits in respect of outstanding letters of credit. If the Company is unable to pay or repay the amounts due, the lenders could, among other things, proceed against the collateral granted to them to secure such indebtedness.

On February 4, 2021, the Company entered into a fourth amendment to the Senior Secured Credit Facility. Pursuant to such amendment, contingent upon the closing of the proposed Cardtronics Transaction, the maximum permitted total leverage ratio of the Company will be increased initially to 5.50 to 1.00, subject to further modification as set forth in the amendment. In addition, certain technical and other changes to the Senior Secured Credit Facility, including amendments to the definition of "Permitted Acquisition" set forth therein, are now operative.

On February 16, 2021, the Company entered into (a) an amended and restated commitment letter (the Commitment Letter), with certain financial institutions party thereto (the Commitment Parties), (b) an incremental term loan A facility agreement (the Incremental Term Agreement) with the Commitment Parties and the Guarantor Subsidiary and (c) an incremental revolving facility agreement (the Incremental Revolving Agreement) with certain financial institutions, the Guarantor Subsidiary and certain of the Foreign Borrowers.

Pursuant to and subject to the final Commitment Letter and the Incremental Term Agreement, contingent upon and in connection with the proposed Cardtronics Transaction, the Commitment Parties have committed to provide the following: (i) a senior secured incremental term loan A facility under the Senior Secured Credit Facility, in an aggregate principal amount of $1.505 billion, (ii) a senior secured incremental term loan B facility under the Senior Secured Credit Facility, in an aggregate principal amount of $195 million and (iii) a senior secured bridge facility (a portion of which may be unsecured) in an aggregate principal amount of $1.00 billion. The credit facilities will be available to the Company subject to certain conditions precedent, including, among other things, the closing of the proposed Cardtronics Transaction. Pursuant to the terms of the Incremental Term Agreement, subject to the satisfaction of certain customary conditions, $200 million of the $1.505 billion term loan A facility will convert into revolving credit commitments under the Senior Secured Credit Facility (the Additional Revolving Commitments) on or about the date that is 3 business days after the closing of the initial funding of the term loan A facilities.

The bridge facility was available to the Company if, and to the extent, certain securities offerings were not issued on or prior to the closing of the proposed Cardtronics Transaction. As noted below, on April 6, 2021, the Company issued $1.2 billion aggregate principal amount of 5.125% senior notes due 2029 (the 5.125% Notes) which is expected to be used to finance a portion of the purchase price consideration in connection with the pending Cardtronics Transaction. As a result, the commitments with respect to the senior secured incremental term loan B and the senior secured bridge facility were terminated.

Pursuant to the Incremental Revolving Agreement, the lenders party thereto have agreed to provide the Company and the Foreign Borrowers with a $1.1 billion revolving credit facility under the Senior Secured Credit Facility to replace the Company’s existing senior credit revolving credit facility, which will be available to the Company upon the satisfaction of certain customary conditions precedent and conditions subsequent, including the closing of the proposed Cardtronics Transaction and subject to increase in connection with the conversion of a portion of the term loan A facility into Additional Revolving Commitments.

For the three months ended March 31, 2021, the Company incurred financing fees of $17 million related to certain structuring and commitment fees as a result of the above referenced financing transactions entered into during the first quarter of 2021.

The Company may request, at any time and from time to time, but the lenders are not obligated to fund the establishment of one or more incremental term loans and/or revolving credit facilities (subject to the agreement of existing lenders or additional financial institutions to provide such term loans and/or revolving credit facilities) with commitments in an aggregate amount not to exceed the greater of (i) $150 million, and (ii) such amount as would not cause the leverage ratio under the Senior Secured Credit Facility, calculated on a pro forma basis including the incremental facility and assuming that it and the revolver are fully drawn, to exceed 3.00 to 1.00, and the proceeds of which can be used for working capital requirements and other general corporate purposes.

Senior Unsecured Notes On August 21, 2019, the Company issued $500 million aggregate principal amount of 5.750% senior unsecured notes due in 2027 (the 5.750% Notes) and $500 million aggregate principal amount of 6.125% senior unsecured notes due in 2029 (the 6.125% Notes). The 5.750% Notes were sold at 100% of the principal amount with a maturity date of September 1, 2027. The 6.125% Notes were sold at 100% of the principal amount with a maturity date of September 1, 2029. On April 13, 2020, the Company issued $400 million aggregate principal amount of 8.125% senior unsecured notes due in 2025 (the 8.125% Notes). The 8.125% Notes were sold at 100% of the principal amount with a maturity date of April 15, 2025. On August 20, 2020, the Company issued $650 million aggregate principal amount of 5.000% senior unsecured notes due in 2028 (the 5.000% Notes) and $450 million aggregate principal amount of 5.250% senior unsecured notes due in 2030 (the 5.250% Notes).

The senior unsecured notes are guaranteed by NCR International Inc. (Guarantor Subsidiary), which has guaranteed fully and unconditionally the obligations to pay principal and interest for these senior unsecured notes. The terms of the indentures for these notes limit the ability of the Company and certain of its subsidiaries to, among other things, incur additional debt or issue redeemable preferred stock; pay dividends or make certain other restricted payments or investments; incur liens; sell assets; incur restrictions on the ability of the Company's subsidiaries to pay dividends to the Company; enter into affiliate transactions; engage in sale and leaseback transactions; and consolidate, merge, sell or otherwise dispose of all or substantially all of the Company's or such subsidiaries' assets. These covenants are subject to significant exceptions and qualifications. For example, if these notes are assigned an "investment grade" rating by Moody's or S&P and no default has occurred or is continuing, certain covenants will be terminated.

On April 6, 2021, the Company issued $1.2 billion aggregate principal amount of 5.125% senior notes due 2029 (the 5.125% Notes). The Company intends to use the net proceeds from the issuance of the 5.125% Notes, together with borrowing under its senior secured credit facilities and/or cash on hand, to finance the consideration payable in connection with the pending Cardtronics Transaction. The proceeds of the 5.125% Notes will be held in escrow until satisfaction of the escrow release conditions.

If such escrow release conditions are not satisfied on or prior to the earlier of November 1, 2021 and the date on which the Company notifies the escrow agent and the trustee in writing that the Company has determined that the escrow release conditions will not be satisfied, then $600 million of the principal amount of the 5.125% Notes will be subject to a special mandatory redemption. If the pending transaction with Cardtronics is not consummated, the remaining net proceeds from the issuance of the 5.125% Notes (after the payment of the special mandatory redemption price) will be used for general corporate purposes.

The 5.125% Notes will be senior unsecured obligations of the Company and will be guaranteed by the Guarantor Subsidiary.

Interest is payable on the 5.125% Notes semi-annually in arrears at annual rates of 5.125% on April 15 and October 15 of each year, beginning on October 15, 2021. The 5.125% Notes will mature on April 15, 2029.

At any time and from time to time, prior to April 15, 2024, the Company may redeem up to a maximum of 40% of the original aggregate principal amount of the 5.125% Notes with the proceeds of one or more equity offerings, at a redemption price equal to 105.125% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to, but not including, the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided that: (i) at least 55% of the original aggregate principal amount of the applicable 5.125% Notes remains outstanding; and (ii) such redemption occurs within 180 days of the completion of such equity offering.

Prior to April 15, 2024 the Company may redeem some or all of the 5.125% Note by paying a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus the Applicable Premium, as defined in the applicable Indenture, as of, and accrued and unpaid interest to, but excluding, the applicable redemption date (subject to the right of holders of record of the applicable 5.125% Notes on the relevant record date to receive interest due on the relevant interest payment date).

On or after April 15 of the relevant year listed below, the Company may redeem some or all of the 5.125% Notes at the prices listed below, plus accrued and unpaid interest, if any, to, but not including, the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date): 2024 at a redemption price of 102.563%, 2025 at a redemption price of 101.281%, and 2026 and thereafter at a redemption price of 100.000%.

The 5.125% Notes contains customary events of default, including, among other things, payment default, exchange default, failure to provide certain notices thereunder and certain provisions related to bankruptcy events. The Indenture also contains customary high yield affirmative and negative covenants, including negative covenants that, among other things, limit the Company and its restricted subsidiaries’ ability to incur additional indebtedness, create liens on, sell or otherwise dispose of assets, engage in certain fundamental corporate changes or changes to lines of business activities, make certain investments or material acquisitions, engage in sale-leaseback or hedging transactions, repurchase common stock, pay dividends or make similar distributions on capital stock, repay certain indebtedness, engage in certain affiliate transactions and enter into agreements that restrict their ability to create liens, pay dividends or make loan repayments.

Trade Receivables Securitization Facility In November 2014, the Company established a revolving trade receivables securitization facility (the A/R Facility) with PNC Bank, National Association (PNC) as the administrative agent, and various lenders. In November 2019, the Company amended the A/R Facility to increase the maximum commitment made available under the Facility and extended the maturity date to November 2021. The amendment also included other modifications including the scope of receivables subject to the facility and related eligibility requirements, the adoption of a new benchmark for determining overnight funding rates and the fees and interest payable to the agent and lenders party thereto. The A/R Facility provides for up to $300 million in funding based on the availability of eligible receivables and other customary factors and conditions, of which $50 million was outstanding as of March 31, 2021.

Under the A/R Facility, NCR sells and/or contributes certain of its U.S. trade receivables to a wholly-owned, bankruptcy-remote subsidiary as they are originated, and advances by the lenders to that subsidiary are secured by those trade receivables. The assets of this financing subsidiary are restricted as collateral for the payment of its obligations under the A/R Facility, and its assets and credit are not available to satisfy the debts and obligations owed to the creditors of the Company. The Company

includes the assets, liabilities and results of operations of this financing subsidiary in its condensed consolidated financial statements. The financing subsidiary owned $475 million and $428 million of outstanding accounts receivable as of March 31, 2021 and December 31, 2020, respectively, and these amounts are included in accounts receivable, net in the Company’s Condensed Consolidated Balance Sheets.

The financing subsidiary will pay annual commitments and other customary fees to the lenders, and advances by a lender under the A/R Facility will accrue interest (i) at a reserve-adjusted LIBOR rate or a base rate equal to the highest of (a) the applicable lender’s prime rate or (b) the federal funds rate plus 0.50%, if the lender is funding as a committed lender under the terms of the A/R Facility, or (ii) based on commercial paper interest rates if the lender is funding as a commercial paper conduit lender. Advances may be prepaid at any time without premium or penalty.

The A/R Facility contains various customary affirmative and negative covenants and default and termination provisions, which provide for the acceleration of the advances under the A/R Facility in circumstances including, but not limited to, failure to pay interest or principal when due, breach of representation, warranty or covenant, certain insolvency events or failure to maintain the security interest in the trade receivables, and defaults under other material indebtedness.

Fair Value of Debt The Company utilized Level 2 inputs, as defined in the fair value hierarchy, to measure the fair value of the long-term debt, which, as of March 31, 2021 and December 31, 2020 was $3.53 billion and $3.49 billion, respectively. Management's fair value estimates were based on quoted prices for recent trades of NCR’s long-term debt, quoted prices for similar instruments, and inquiries with certain investment communities.

Basis of Presentation and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying Condensed Consolidated Financial Statements have been prepared by NCR Corporation (NCR, the Company, we or us) without audit pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC) and, in the opinion of management, include all adjustments (consisting of normal, recurring adjustments, unless otherwise disclosed) necessary for a fair statement of the condensed consolidated results of operations, financial position, and cash flows for each period presented. The consolidated results for the interim periods are not necessarily indicative of results to be expected for the full year. The 2020 year-end Condensed Consolidated Balance Sheet was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States (GAAP). These financial statements should be read in conjunction with NCR’s Form 10-K for the year ended December 31, 2020.

Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the period reported.

Although our estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing novel coronavirus (COVID-19) pandemic. The severity, magnitude and duration of the COVID-19 pandemic, and the resulting economic consequences, are uncertain, rapidly changing and difficult to predict with certainty. As a result, our accounting estimates and assumptions may change over time as a consequence of the effects of COVID-19.

Such changes could result in future impairments of goodwill, intangible assets, long-lived assets, incremental credit losses on accounts receivable and decreases in the carrying amount of our tax assets.

Evaluation of Subsequent Events The Company evaluated subsequent events through the date that our Condensed Consolidated Financial Statements were issued. No matters were identified that required adjustment of the Condensed Consolidated Financial Statements or additional disclosure other than subsequent events disclosed within the notes to the Condensed Consolidated Financial Statements.

Cash, Cash Equivalents, and Restricted Cash All short-term, highly liquid investments having original maturities of three months or less, including time deposits, are considered to be cash equivalents. The Company has restricted cash on deposit with a bank as collateral for letters of credit, funds held for clients as well as cash included in settlement processing assets. Refer to Note 16, Revisions of Previously Issued Financial Statements, for disclosure related to the revision to include funds held for clients and cash included in settlement processing assets within cash, cash equivalents and restricted cash in the Condensed Consolidated Statement of Cash Flows.

The reconciliation of cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows is as follows:


In millions	March 31
	2021		2020 As Revised
Reconciliation of cash, cash equivalents and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows
Cash and cash equivalents	$	319	$	1,214
Restricted cash included in other assets	8		7
Funds held for clients included in other current assets	44		44
Cash included in settlement processing assets included in other current assets	20		8
Total cash, cash equivalents and restricted cash	$	391	$	1,273

Contract Assets and Liabilities The following table presents the net contract asset and contract liability balances as of March 31, 2021 and December 31, 2020.


In millions	Location in the Condensed Consolidated Balance Sheet	March 31, 2021		December 31, 2020
Current portion of contract liabilities	Contract liabilities	$	594	$	507
Non-current portion of contract liabilities	Other liabilities	$	76	$	80

During the three months ended March 31, 2021, the Company recognized $255 million in revenue that was included in contract liabilities as of December 31, 2020.

Remaining Performance Obligations Remaining performance obligations represent the transaction price of orders for which products have not been delivered or services have not been performed. As of March 31, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $3.8 billion. The Company expects to recognize revenue on approximately three-quarters of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. The majority of our professional services are expected to be recognized over the next 12 months but this is contingent upon a number of factors, including customers’ needs and schedules.

The Company has made two elections that affect the value of remaining performance obligations described above. We do not disclose remaining performance obligations for Software as a Service (SaaS) contracts where variable consideration is directly allocated based on usage or when the original expected length is one year or less.

Recent Accounting Pronouncements

Issued

In August 2020, the Financial Accounting Standards Board ("FASB") issued an accounting standards update with new guidance for convertible preferred stock, which eliminates considerations related to the beneficial conversion feature model. The standard also requires an average stock price when calculating the denominator for diluted earnings per share to be used for stock units where the settlement of the number of shares is based on the stock price. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. Early adoption is permitted no earlier than fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. The adoption of this accounting standards update is not expected to have a material effect on the Company's net income, cash flows, earnings per share or financial condition.

Earnings Per Share - Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Numerator:
Income (loss) from continuing operations	$ 30	$ 23
Dividends on convertible preferred stock	(4)	(6)
Income from continuing operations attributable to NCR common stockholders	26	17
Loss from discontinued operations, net of tax	0	0
Net income (loss) attributable to NCR common stockholders	$ 26	$ 17
Denominator:
Weighted average outstanding shares of common stock (in shares)	130.0	128.0
Basic earnings per share:
From continuing operations (in dollars per share)	$ 0.20	$ 0.13
From discontinued operations (in dollars per share)	0	0
Total basic earnings (loss) per share (in dollars per share)	$ 0.20	$ 0.13

Employee Benefit Plans

3 Months Ended

Mar. 31, 2021

Retirement Benefits [Abstract]

Employee Benefit Plans

8. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost (income) of the pension plans for the three months ended March 31 were as follows:


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2021		2020		2021		2020		2021		2020
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	9		13		2		4		11		17
Expected return on plan assets	(8)		(9)		(6)		(7)		(14)		(16)

Amortization of prior service cost	—		—		—		—		—		—


Net periodic benefit cost (income)	$	1	$	4	$	(3)	$	(2)	$	(2)	$	2

Components of the benefit from the postretirement plan for the following periods were:


In millions	Three months ended March 31
	2021		2020
Interest cost	$	—	$	—
Amortization of:
Prior service benefit	—		(1)
Actuarial loss	—		—
Net postretirement benefit	$	—	$	(1)

Components of the net cost of the postemployment plan for the following periods were:


	Three months ended March 31
In millions	2021		2020
Net service cost	$	6	$	6
Interest cost	1		—
Amortization of:
Prior service benefit	(1)		—
Actuarial gain	—		(1)
Net benefit cost	$	6	$	5

Employer Contributions

Pension For the three months ended March 31, 2021, NCR contributed $4 million to its international pension plans. NCR anticipates contributing an additional $21 million to its international pension plans for a total of $25 million in 2021.

Postretirement For the three months ended March 31, 2021, NCR made zero contributions to its U.S. postretirement plan. NCR anticipates contributing an additional $2 million to its U.S. postretirement plan for a total of $2 million in 2021.

Postemployment For the three months ended March 31, 2021, NCR contributed $10 million to its postemployment plan. NCR anticipates contributing an additional $29 million to its postemployment plan for a total of $39 million in 2021.

- Definition

The entire disclosure for retirement benefits.

+ References

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-Subparagraph (d)(iii)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Business Combinations

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Mergers, Acquisitions and Dispositions Disclosures

2. BUSINESS COMBINATIONS

Acquisition of Freshop, Terafina, & Dumac

In the first quarter of 2021, NCR completed acquisitions for total cash considerations of $126 million, as outlined below:

•On January 6, 2021, NCR completed its acquisition of Freshop E-Commerce Solution, Inc. ("Freshop"), a leading provider of grocery e-commerce. The Freshop acquisition further expands NCR’s software and services-led offerings to our retail platform and creates more value for our customers and new capabilities for NCR to run the store. As a result of the acquisition, Freshop became a wholly owned subsidiary of NCR.

•On February 5, 2021, NCR completed its acquisition of Terafina, Inc. ("Terafina"), a leading solution provider for customer account opening and onboarding across digital, branch and call center channels. The Terafina acquisition further expands NCR sales and marketing capabilities in its industry-leading Digital First Banking platform to drive revenue growth across consumer and business market segments. As a result of the acquisition, Terafina became a wholly owned subsidiary of NCR.

•On March 22, 2021 NCR completed its acquisition of certain assets and liabilities of Dumac Business Systems Inc. ("Dumac"), a leading POS solution provider for the quick service, table service, and convenient store markets. The Dumac asset acquisition further expands NCR's software and services-led offerings, creating more value for our customers and driving revenue growth across the Hospitality segment.

Recording of Assets Acquired and Liabilities Assumed The fair value of consideration transferred was allocated to the identifiable assets acquired and liabilities assumed based upon their estimated fair values as of the date of the respective acquisitions as set forth below. The allocation of the purchase prices are provisional as of March 31, 2021 and may be subject to future adjustments as the Company obtains additional information to finalize the accounting for the business combinations. The allocation of the purchase prices is as follows:


In millions	Fair Value
Cash acquired	$	2
Tangible assets acquired	7
Acquired intangible assets other than goodwill	52
Acquired goodwill	86
Deferred tax liabilities	(8)
Liabilities assumed	(13)
Total purchase consideration	$	126

Goodwill represents the future economic benefits arising from other assets acquired that could not be individually separately recognized. The goodwill arising from the acquisitions consists of revenue and cost synergies expected from combining the operations of NCR and the respective acquisitions. It is expected that $9 million of the goodwill recognized in connection with the acquisitions will be deductible for tax purposes. The goodwill arising from the Freshop acquisition has been allocated to our Retail segment. The goodwill arising from the Terafina acquisition has been allocated to our Banking segment. The goodwill arising from the Dumac acquisition has been allocated to our Hospitality segment. Refer to Note 3, Goodwill and Long-Lived Assets, for the carrying amounts of goodwill by segment.

The following table sets forth the components of the intangible assets acquired as of the acquisition dates:


	Fair Value		Weighted Average Amortization Period (1)
	(In millions)		(In years)
Direct customer relationships	$	11	10
Technology - Software	36		8
Non-compete	1		1
Tradenames	4		9
Total acquired intangible assets	$	52

(1) Determination of the weighted average period of the individual categories of intangible assets was based on the nature of applicable intangible asset and the expected future cash flows to be derived from the intangible asset. Amortization of intangible assets with definite lives is recognized over the period of time the assets are expected to contribute to future cash flows.

The operating results of Freshop, Terafina, and Dumac have been included within NCR's results as of the closing dates of the acquisitions. Supplemental pro forma information and actual revenue and earnings since the acquisition dates have not been provided as the acquisitions did not have a material impact on the Company's Condensed Consolidated Statements of Operations.

Proposed Transaction

On January 25, 2021, NCR entered into a definitive agreement (Cardtronics Transaction) to acquire all outstanding shares of Cardtronics plc (Cardtronics) for $39.00 per share. The transaction is subject to regulatory approval and customary closing conditions, including approval by Cardtronics' shareholders, and is expected to close in mid-2021. Cardtronics is the world's largest non-bank ATM operator and service provider enabling cash transactions by converting digital currency into physical cash at over 285,000 ATMs across 10 countries in North America, Europe, Asia-Pacific, and Africa. During the first quarter of 2021, the Company, on behalf of Cardtronics, paid a fee of $33 million to terminate the acquisition agreement between Cardtronics and Catalyst Holdings Limited, a private limited company affiliated with investment funds managed by affiliates of

Apollo Global Management, Inc. and has been recorded within other current assets in the Condensed Consolidated Balance Sheet as prepaid purchase price.

Stock Compensation Plans - Valuation Assumptions Used for Restricted Stock Units with a Market Condition (Details) - Restricted Stock Units	3 Months Ended
	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	57.20%
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions, Volatility Rate Term	3 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate period of U.S. Treasury yield	1 year
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate period of U.S. Treasury yield	2 years

Supplemental Financial Information (Tables)

3 Months Ended

Mar. 31, 2021

Supplemental Financial Information [Abstract]

Schedule of Components of Accounts Receivable

The components of accounts receivable are summarized as follows:


In millions	March 31, 2021		December 31, 2020
Accounts receivable
Trade	$	1,207	$	1,120
Other	44		48
Accounts receivable, gross	1,251		1,168
Less: allowance for credit losses	(39)		(51)
Total accounts receivable, net	$	1,212	$	1,117

Schedule of Components of Inventory

The components of inventory are summarized as follows:


In millions	March 31, 2021		December 31, 2020
Inventories
Work in process and raw materials	$	130	$	133
Finished goods	166		135
Service parts	338		333
Total inventories	$	634	$	601

Segment Information and Concentrations - Revenue by Products and Services (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue from External Customer [Line Items]
Total revenue	$ 1,544	$ 1,503
Recurring revenue
Revenue from External Customer [Line Items]
Total revenue	874	802
All other products and services
Revenue from External Customer [Line Items]
Total revenue	$ 670	$ 701

- Definition

+ References

+ Details

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating activities
Net income (loss)	$ 31	$ 24
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	92	87
Stock-based compensation expense	44	25
Deferred income taxes	7	5
Impairment of other assets	0	1
Gain on sale of property, plant and equipment	0	(2)
Changes in assets and liabilities:
Receivables	(91)	137
Inventories	(17)	(48)
Current payables and accrued expenses	34	(183)
Contract liabilities	74	108
Employee benefit plans	(10)	(3)
Other assets and liabilities	(9)	(97)
Net cash provided by operating activities	155	54
Investing activities
Expenditures for property, plant and equipment	(10)	(10)
Proceeds from sale of property, plant and equipment	0	7
Additions to capitalized software	(51)	(69)
Business acquisitions, net	(157)	(26)
Purchases of investments	(5)	0
Proceeds from sales of investments	5	0
Net Cash Provided by (Used in) Investing Activities	(218)	(98)
Financing activities
Short term borrowings, net	0	3
Payments on term credit facilities	(8)	(2)
Payments on revolving credit facilities	(318)	(573)
Borrowings on revolving credit facilities	448	1,397
Payments of Debt Issuance Costs	(1)	(1)
Series A Convertible Preferred Stock cash payments	(4)	(6)
Repurchases of Common Stock	0	(41)
Proceeds from employee stock plans	8	3
Tax withholding payments on behalf of employees	(22)	(24)
Increase (Decrease) in Client Funds Held	0	12
Finance Lease, Principal Payments	(4)	(3)
Proceeds from (Payments for) Other Financing Activities	(1)	0
Net Cash Provided by (Used in) Financing Activities	98	765
Cash flows from discontinued operations
Net cash provided by (used in) operating activities	(44)	3
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(6)	(14)
Increase (decrease) in cash, cash equivalents, and restricted cash	(15)	710
Cash, cash equivalents and restricted cash at beginning of period	406	563
Cash, cash equivalents and restricted cash at end of period	$ 391	$ 1,273

Commitments and Contingencies - Loss Contingencies (Details) $ in Millions		3 Months Ended
	Mar. 29, 2018 USD ($) company	Mar. 31, 2021 USD ($) entity facility party defendant number_of_companies affiliate_corporations	Dec. 31, 2020 USD ($)	Mar. 31, 2020 USD ($)	Aug. 22, 2017 party	Dec. 31, 2013 company	Nov. 13, 2007 entity
Ebina [Member]
Loss Contingencies [Line Items]
Loss contingency accrual		$ 19	$ 20
Fox River
Loss Contingencies [Line Items]
Number of potentially responsible parties \| entity		8					8
Number of previously owned carbonless copy paper manufacturing facilities \| facility		2
Threshold amount for environmental cleanup costs			75
Percentage of funding obligation under cost sharing agreement		50.00%
Percentage of obligation under cost sharing agreement		60.00%
Receivable under funding agreement		$ 54	54
Number of defendants \| defendant		2
Number of parties \| party		2
Gross loss contingency accrual		$ 6	6
Net loss contingency accrual		$ 28	28
Total amount received from settlements with insurance carriers				$ 202
Kalamazoo River
Loss Contingencies [Line Items]
Loss contingency, value of damages sought	$ 105
Number of additional companies receiving general notice letters \| number_of_companies		3
Number of additional defendants \| defendant		2
Number of total corporation plaintiffs \| affiliate_corporations		3
Number of companies tried to the court \| company						4
Costs incurred in the pasted related to loss contingency	50
Loss contingency, value of damages sought	$ 55
NCR share of costs related to loss contingency	40.00%
GP share of costs related to loss contingency	40.00%
Number of companies assigned to share costs of loss contingency \| company	2
Loss contingency accrual		$ 122	164
Fox River LLC \| Fox River
Loss Contingencies [Line Items]
Funding remainder		$ 0	0
Glatfelter \| Fox River
Loss Contingencies [Line Items]
Number of parties that appealed \| party					1
Company One \| Kalamazoo River
Loss Contingencies [Line Items]
NCR share of costs related to loss contingency	15.00%
Company Two \| Kalamazoo River
Loss Contingencies [Line Items]
NCR share of costs related to loss contingency	5.00%
Fox River
Loss Contingencies [Line Items]
Percentage of portion of costs below threshold		45.00%
Percentage of portion of costs exceeding threshold		40.00%
Percentage of Company's award responsibility to indemnitors and co-obligators		25.00%
Fox River \| General Contractor Arbitration [Member]
Loss Contingencies [Line Items]
Loss contingency, range of possible loss			10
Minimum \| Fox River \| General Contractor Arbitration [Member]
Loss Contingencies [Line Items]
Loss contingency, range of possible loss			46
Maximum \| Fox River \| General Contractor Arbitration [Member]
Loss Contingencies [Line Items]
Loss contingency, range of possible loss			$ 53
BCG Matter [Member]
Loss Contingencies [Line Items]
Loss contingency, value of damages sought		$ 80
Kalamazoo River \| Minimum
Loss Contingencies [Line Items]
Anticipated contribution from co-obligors and indemnitors		70
Kalamazoo River \| Maximum
Loss Contingencies [Line Items]
Anticipated contribution from co-obligors and indemnitors		$ 140

Goodwill and Long-Lived Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

The carrying amounts of goodwill by segment as of March 31, 2021 and December 31, 2020 are included in the table below. Foreign currency fluctuations are included within other adjustments.


	December 31, 2020												March 31, 2021
In millions	Goodwill		Accumulated Impairment Losses		Total		Additions		Impairment		Other		Goodwill		Accumulated Impairment Losses		Total
Banking	$	1,772	$	(101)	$	1,671	$	39	$	—	$	1	$	1,812	$	(101)	$	1,711
Retail	643		(34)		609		38		—		2		683		(34)		649
Hospitality	404		(23)		381		9		—		(2)		411		(23)		388
Telecommunications & Technology	187		(11)		176		—		—		—		187		(11)		176
Total goodwill	$	3,006	$	(169)	$	2,837	$	86	$	—	$	1	$	3,093	$	(169)	$	2,924

Schedule of Purchased Intangible Assets

NCR's purchased intangible assets, reported in intangibles, net in the Condensed Consolidated Balance Sheets, were specifically identified when acquired, and are deemed to have finite lives. The gross carrying amount and accumulated amortization for NCR’s identifiable intangible assets were as set forth in the table below.


	Amortization Period (in Years)	March 31, 2021				December 31, 2020
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	752	$	(337)	$	740	$	(324)
Intellectual property	2 - 8	569		(424)		531		(418)
Customer contracts	8	89		(89)		89		(89)
Tradenames	1 - 10	80		(75)		77		(74)
Total identifiable intangible assets		$	1,490	$	(925)	$	1,437	$	(905)

Schedule of Aggregate Amortization Expense

The aggregate amortization expense for identifiable intangible assets for the following periods is:


In millions	Three months ended March 31, 2021		Remainder of 2021 (estimated)
Amortization expense	$	20	$	58


	For the years ended December 31 (estimated)
In millions	2022		2023		2024		2025		2026
Amortization expense	$	73	$	71	$	64	$	56	$	53

Supplemental Financial Information

3 Months Ended

Mar. 31, 2021

Supplemental Financial Information [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

17. SUPPLEMENTAL FINANCIAL INFORMATION

The components of accounts receivable are summarized as follows:


In millions	March 31, 2021		December 31, 2020
Accounts receivable
Trade	$	1,207	$	1,120
Other	44		48
Accounts receivable, gross	1,251		1,168
Less: allowance for credit losses	(39)		(51)
Total accounts receivable, net	$	1,212	$	1,117

Accounts receivable, net includes amounts billed and currently due from customers, as well as amounts unbilled that typically result from sales under contracts where revenue recognized exceeds the amount billed to the customer and where the Company has an unconditional right to consideration. The amounts due are stated at their net estimated realizable value.

Allowances for credit losses on accounts receivable are recognized when reasonable and supportable forecasts affect the expected collectability. This requires us to make our best estimate of the current expected losses inherent in our accounts receivable at each balance sheet date. These estimates require consideration of historical loss experience, adjusted for current conditions, forward looking indicators, trends in customer payment frequency and judgments about the probable effects of relevant observable data, including present and future economic conditions and the financial health of specific customers and market sectors. This policy is applied consistently among all of our operating segments.

Our allowance for credit losses as of March 31, 2021 and March 31, 2020 was $39 million and $50 million, respectively. Our allowance for credit losses charged to expense for the three months ended March 31, 2021 and 2020 was zero and $10 million, respectively. We increased our allowance for credit losses for the three months ended March 31, 2020 by $4 million based upon forecasts that reflect increased economic uncertainty resulting from the COVID-19 pandemic. The Company recorded write-offs against the reserve for the three months ended March 31, 2021 and 2020 of $12 million and $3 million, respectively.

The components of inventory are summarized as follows:


In millions	March 31, 2021		December 31, 2020
Inventories
Work in process and raw materials	$	130	$	133
Finished goods	166		135
Service parts	338		333
Total inventories	$	634	$	601

Employee Benefit Plans - Pension Plan (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
U.S. Pension Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	$ 0	$ 0
Interest cost	9	13
Expected return on plan assets	(8)	(9)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0
Net periodic benefit cost (income)	1	4
International Pension Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	1
Interest cost	2	4
Expected return on plan assets	(6)	(7)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0
Net periodic benefit cost (income)	(3)	(2)
Plan assets contributions by employer	4
Total Pension Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	1
Interest cost	11	17
Expected return on plan assets	(14)	(16)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0
Net periodic benefit cost (income)	$ (2)	$ 2

Employee Benefit Plans - Postretirement Plan (Details) - Postretirement Plan - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 0	$ 0
Amortization of prior service benefit	0	(1)
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	0	0
Net periodic benefit cost (income)	0	$ (1)
Plan assets contributions by employer	$ 0

- Definition

Amount of contribution received by defined benefit plan from employer which increases plan assets.

+ References + Details

Goodwill and Long-Lived Assets - Goodwill by Segments (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021 USD ($)
Goodwill [Roll Forward]
Goodwill	$ 3,006
Accumulated Impairment Losses	(169)
Total	2,837
Acquired Goodwill	86
Impairment	0
Other	1
Goodwill	3,093
Accumulated Impairment Losses	(169)
Total	2,924
Banking
Goodwill [Roll Forward]
Goodwill	1,772
Accumulated Impairment Losses	(101)
Total	1,671
Acquired Goodwill	39
Impairment	0
Other	1
Goodwill	1,812
Accumulated Impairment Losses	(101)
Total	1,711
Retail
Goodwill [Roll Forward]
Goodwill	643
Accumulated Impairment Losses	(34)
Total	609
Acquired Goodwill	38
Impairment	0
Other	2
Goodwill	683
Accumulated Impairment Losses	(34)
Total	649
Hospitality
Goodwill [Roll Forward]
Goodwill	404
Accumulated Impairment Losses	(23)
Total	381
Acquired Goodwill	9
Impairment	0
Other	(2)
Goodwill	411
Accumulated Impairment Losses	(23)
Total	388
T&T
Goodwill [Roll Forward]
Goodwill	187
Accumulated Impairment Losses	(11)
Total	176
Acquired Goodwill	0
Impairment	0
Other	0
Goodwill	187
Accumulated Impairment Losses	(11)
Total	$ 176

Fair Value of Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges	$ 0	$ 0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	14		$ 22
Available-for-sale Securities	0		0
Foreign Currency Contract, Asset, Fair Value Disclosure	0		0
Assets, Fair Value Disclosure	14		22
Foreign Currency Contracts, Liability, Fair Value Disclosure	0		0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0		0
Available-for-sale Securities	1		2
Foreign Currency Contract, Asset, Fair Value Disclosure	1		0
Assets, Fair Value Disclosure	2		2
Foreign Currency Contracts, Liability, Fair Value Disclosure	2		1
Financial and Nonfinancial Liabilities, Fair Value Disclosure	2		1
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0		0
Available-for-sale Securities	0		0
Foreign Currency Contract, Asset, Fair Value Disclosure	0		0
Assets, Fair Value Disclosure	0		0
Foreign Currency Contracts, Liability, Fair Value Disclosure	0		0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		0
Fair Value, Recurring [Member] \| Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	14		22
Available-for-sale Securities	1		2
Foreign Currency Contract, Asset, Fair Value Disclosure	1		0
Assets, Fair Value Disclosure	16		24
Foreign Currency Contracts, Liability, Fair Value Disclosure	2		1
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 2		$ 1

Supplemental Financial Information - Components of Inventory (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Inventory, Net [Abstract]
Work in process and raw materials	$ 130	$ 133
Finished goods	166	135
Service parts	338	333
Total inventories	$ 634	$ 601

Leasing - Present Value of Lease Liabilities (Details) $ in Millions	Mar. 31, 2021 USD ($)
Operating Leases
Remainder of 2021	$ 89
2022	88
2023	62
2024	51
2025	43
Thereafter	279
Total lease payments	612
Less: Amount representing interest	(145)
Present value of lease liabilities	467
Finance Leases
Remainder of 2021	14
2022	17
2023	10
2024	3
2025	0
Thereafter	0
Total lease payments	44
Less: Amount representing interest	(2)
Present value of lease liabilities	$ 42

Goodwill and Long-Lived Assets - Purchased Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 1,490	$ 1,437
Finite-Lived Intangible Assets, Accumulated Amortization	925	905
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	752	740
Finite-Lived Intangible Assets, Accumulated Amortization	$ 337	324
Customer Relationships [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Customer Relationships [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 569	531
Finite-Lived Intangible Assets, Accumulated Amortization	$ 424	418
Intellectual Property [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	2 years
Intellectual Property [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	8 years
Customer Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 89	89
Finite-Lived Intangible Assets, Accumulated Amortization	$ 89	89
Finite-Lived Intangible Asset, Useful Life	8 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 80	77
Finite-Lived Intangible Assets, Accumulated Amortization	$ 75	$ 74
Trade Names [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Trade Names [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years

Leasing - Weighted Average Remaining Lease Term and Interest Rate (Details)	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Weighted average lease term, operating leases	8 years 9 months 18 days	8 years 8 months 12 days
Weighted average lease term, finance leases	2 years 7 months 6 days	2 years 8 months 12 days
Weighted average interest rate, operating leases	5.90%	6.45%
Weighted average interest rate, finance leases	4.02%	4.59%

Series A Convertible Preferred Stock	3 Months Ended
Series A Convertible Preferred Stock	Mar. 31, 2021
Series A Preferred Stock [Abstract]
SERIES A CONVERTIBLE PREFERRED STOCK	11. SERIES A CONVERTIBLE PREFERRED STOCK Holders of Series A Convertible Preferred Stock are entitled to a cumulative dividend at the rate of 5.5% per annum, payable quarterly in arrears. Beginning in the first quarter of 2020, dividends are payable in cash or in-kind at the option of the Company. If the Company does not declare and pay a dividend, the dividend rate will increase to 8.0% per annum until all accrued but unpaid dividends have been paid in full. During the three months ended March 31, 2021 and 2020, the Company paid cash dividends of $4 million and $6 million, respectively. The Series A Convertible Preferred Stock is convertible at the option of the holders at any time into shares of common stock at a conversion price of $30.00 per share, or a conversion rate of 33.333 shares of common stock per share of Series A Convertible Preferred Stock. As of March 31, 2021, the maximum number of common shares that could be required to be issued upon conversion of the outstanding shares of Series A Convertible Preferred Stock was 9.2 million shares.

Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2021

Pension Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

Components of net periodic benefit cost (income) of the pension plans for the three months ended March 31 were as follows:


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2021		2020		2021		2020		2021		2020
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	9		13		2		4		11		17
Expected return on plan assets	(8)		(9)		(6)		(7)		(14)		(16)

Amortization of prior service cost	—		—		—		—		—		—


Net periodic benefit cost (income)	$	1	$	4	$	(3)	$	(2)	$	(2)	$	2

Postretirement Plan

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

Components of the benefit from the postretirement plan for the following periods were:


In millions	Three months ended March 31
	2021		2020
Interest cost	$	—	$	—
Amortization of:
Prior service benefit	—		(1)
Actuarial loss	—		—
Net postretirement benefit	$	—	$	(1)

Postemployment Retirement Benefits

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

Components of the net cost of the postemployment plan for the following periods were:


	Three months ended March 31
In millions	2021		2020
Net service cost	$	6	$	6
Interest cost	1		—
Amortization of:
Prior service benefit	(1)		—
Actuarial gain	—		(1)
Net benefit cost	$	6	$	5

Derivatives and Hedging Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Location and Amounts of Derivative Fair Values in the Condensed Consolidated Balance Sheets

The following tables provide information on the location and amounts of derivative fair values in the Condensed Consolidated Balance Sheets:


	Fair Values of Derivative Instruments
	March 31, 2021
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts	Other current assets	$	—	$	—	Other current liabilities	$	—	$	—
Total derivatives designated as hedging instruments				$	—				$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets	$	184	$	1	Other current liabilities	$	477	$	2
Total derivatives not designated as hedging instruments				$	1				$	2
Total derivatives				$	1				$	2


	Fair Values of Derivative Instruments
	December 31, 2020
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts	Other current assets	$	—	$	—	Other current liabilities	$	—	$	—
Total derivatives designated as hedging instruments				$	—				$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets	$	150	$	—	Other current liabilities	$	425	$	1
Total derivatives not designated as hedging instruments				$	—				$	1
Total derivatives				$	—				$	1

Schedule Effects of Derivative Instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income


In millions	Amount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on Derivative					Amount of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations
Derivatives in Cash Flow Hedging Relationships	For the three months ended March 31, 2021		For the three months ended March 31, 2020		Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations	For the three months ended March 31, 2021		For the three months ended March 31, 2020

Foreign exchange contracts	$	—	$	3	Cost of products	$	—	$	(1)


In millions		Amount of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations
		Three months ended March 31
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations	2021		2020
Foreign exchange contracts	Other (expense), net	$	(15)	$	6