0000070866-22-000041 | 10-Q | XBRL Viewer

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Cover Page - shares shares in Millions	9 Months Ended
Cover Page - shares shares in Millions	Sep. 30, 2022	Oct. 14, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
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
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	NCR
Security Exchange Name	NYSE
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
Entity Common Stock, Shares Outstanding		137.4
Entity Central Index Key	0000070866
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Total revenue	$ 1,972	$ 1,901	$ 5,835	$ 5,122
Selling, general and administrative expenses	264	294	886	835
Research and development expenses	40	69	164	204
Total operating expenses	1,785	1,744	5,512	4,771
Income (loss) from operations	187	157	323	351
Loss on extinguishment of debt	0	(42)	0	(42)
Interest expense	(74)	(68)	(204)	(174)
Other income (expense), net	(1)	(5)	9	(23)
Income (loss) from continuing operations before income taxes	112	42	128	112
Income tax expense (benefit)	43	29	56	77
Income (loss) from continuing operations	69	13	72	35
Income (loss) from discontinued operations, net of tax	0	0	5	0
Net income (loss)	69	13	77	35
Net income (loss) attributable to noncontrolling interests	0	1	1	2
Net income (loss) attributable to NCR	69	12	76	33
Amounts attributable to NCR common stockholders:
Income (loss) from continuing operations	69	12	71	33
Series A convertible preferred stock dividends	(4)	(4)	(12)	(12)
Income (loss) from continuing operations attributable to NCR common stockholders	65	8	59	21
Income (loss) from discontinued operations, net of tax	0	0	5	0
Net income (loss) attributable to NCR common stockholders	$ 65	$ 8	$ 64	$ 21
Income (loss) per common share from continuing operations
Basic (in dollars per share)	$ 0.47	$ 0.06	$ 0.43	$ 0.16
Diluted (in dollars per share)	0.46	0.06	0.42	0.15
Net income (loss) per common share
Basic (in dollars per share)	0.47	0.06	0.47	0.16
Diluted (in dollars per share)	$ 0.46	$ 0.06	$ 0.45	$ 0.15
Weighted average common shares outstanding
Basic (in shares)	137.0	131.5	136.4	130.8
Diluted (in shares)	140.3	137.8	140.9	137.1
Product
Total revenue	$ 590	$ 520	$ 1,720	$ 1,553
Cost of revenue	524	429	1,560	1,290
Services
Total revenue	1,382	1,381	4,115	3,569
Cost of revenue	$ 957	$ 952	$ 2,902	$ 2,442

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 69	$ 13	$ 77	$ 35
Currency translation adjustments
Currency translation gains (loss)	(75)	(29)	(154)	(28)
Derivatives
Unrealized gains (loss) on derivatives	77	0	155	0
Loss (gains) on derivatives recognized during the period	(9)	0	(3)	0
Less income tax	(16)	0	(35)	0
Employee benefit plans
Amortization of prior service cost (benefit)	0	0	(1)	(1)
Less income tax	0	0	0	0
Other comprehensive income (loss)	(23)	(29)	(38)	(29)
Total comprehensive income (loss)	46	(16)	39	6
Less comprehensive income (loss) attributable to noncontrolling interests:
Net income (loss)	0	1	1	2
Currency translation losses	(2)	0	(3)	0
Amounts attributable to noncontrolling interests	(2)	1	(2)	2
Comprehensive income (loss) attributable to NCR	$ 48	$ (17)	$ 41	$ 4

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 434	$ 447
Accounts receivable, net of allowances of $29 and $24 as of September 30, 2022 and December 31, 2021, respectively	1,116	959
Inventories	827	754
Restricted cash	302	295
Other current assets	512	421
Total current assets	3,191	2,876
Property, plant and equipment, net	620	703
Goodwill	4,572	4,519
Intangibles, net	1,184	1,316
Operating lease assets	377	419
Prepaid pension cost	263	300
Deferred income taxes	678	732
Other assets	898	776
Total assets	11,783	11,641
Current liabilities
Short-term borrowings	106	57
Accounts payable	876	826
Payroll and benefits liabilities	319	389
Contract liabilities	507	516
Settlement liabilities	271	263
Other current liabilities	691	757
Total current liabilities	2,770	2,808
Long-term debt	5,611	5,505
Pension and indemnity plan liabilities	723	789
Postretirement and postemployment benefits liabilities	121	119
Income tax accruals	108	116
Operating lease liabilities	358	388
Other liabilities	371	383
Total liabilities	10,062	10,108
Commitments and Contingencies (Note 10)
Series A convertible preferred stock: par value $0.01 per share, 3.0 shares authorized, 0.3 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively; redemption amount and liquidation preference of $276 as of September 30, 2022 and December 31, 2021, respectively	275	274
NCR stockholders’ equity
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	0	0
Common stock: par value $0.01 per share, 500.0 shares authorized, 137.0 and 132.2 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	1	1
Paid-in capital	675	515
Retained earnings	1,095	1,031
Accumulated other comprehensive loss	(326)	(291)
Total NCR stockholders’ equity	1,445	1,256
Noncontrolling interests in subsidiaries	1	3
Total stockholders’ equity	1,446	1,259
Total liabilities and stockholders’ equity	$ 11,783	$ 11,641

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 29	$ 24
Convertible Preferred Stock:
Temporary equity, par value (in dollars per share)	$ 0.01	$ 0.01
Temporary equity, shares authorized (in shares)	3,000,000.0	3,000,000.0
Temporary equity, shares issued (in shares)	300,000	300,000
Temporary equity, shares outstanding (in shares)	300,000	300,000
Temporary equity, aggregate amount of redemption requirement	$ 276	$ 276
Temporary equity, liquidation preference	$ 276	$ 276
Preferred stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000.0	100,000,000.0
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000.0	500,000,000.0
Common stock, shares issued (in shares)	137,000,000.0	132,200,000
Common stock, shares outstanding (in shares)	137,000,000.0	132,200,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities
Net income (loss)	$ 77	$ 35
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss (income) from discontinued operations	(5)	0
Loss on extinguishment of debt	0	42
Depreciation and amortization	451	364
Stock-based compensation expense	97	119
Deferred income taxes	24	30
Loss (gain) on disposal of property, plant and equipment and other assets	4	0
Changes in assets and liabilities, net of effects of business acquired:
Receivables	(274)	240
Inventories	(220)	(165)
Current payables and accrued expenses	113	210
Contract liabilities	(24)	5
Employee benefit plans	(3)	(30)
Other assets and liabilities	5	(43)
Net cash provided by operating activities	245	807
Investing activities
Expenditures for property, plant and equipment	(72)	(68)
Proceeds from sale of property, plant and equipment and other assets	8	1
Additions to capitalized software	(217)	(174)
Business acquisitions, net of cash acquired	(12)	(2,466)
Purchases of short-term investments	0	(13)
Proceeds from sales of short-term investments	0	14
Other investing activities, net	(5)	(6)
Net cash used in investing activities	(298)	(2,712)
Financing activities
Payments on term credit facilities	(31)	(106)
Payments on revolving credit facilities	(846)	(1,431)
Repayments of Unsecured Debt	0	(400)
Borrowings on term credit facilities	0	1,505
Borrowings on revolving credit facilities	1,021	1,541
Proceeds from issuance of senior unsecured notes	0	1,200
Debt issuance costs and bridge commitment fees	0	(52)
Call premium paid on debt extinguishment	0	(37)
Cash dividend paid for Series A preferred shares dividends	(11)	(11)
Proceeds from employee stock plans	19	33
Tax withholding payments on behalf of employees	(38)	(28)
Net change in client funds obligations	(6)	(3)
Principal payments for finance lease obligations	(12)	(13)
Other financing activities	(3)	(2)
Net cash provided by (used in) financing activities	93	2,196
Cash flows from discontinued operations
Net cash provided by (used in) operating activities of discontinued operations	(1)	(50)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(43)	(12)
Increase (decrease) in cash, cash equivalents, and restricted cash	(4)	229
Cash, cash equivalents and restricted cash at beginning of period	749	406
Cash, cash equivalents and restricted cash at end of period	$ 745	$ 635

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - LibertyX $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Business combination, consideration transferred, non-cash	$ 68
Noncash acquisition, debt assumed	$ 2

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, 2020			129.0
Balance at beginning of period at Dec. 31, 2020		$ 1,051	$ 1	$ 368	$ 950	$ (271)	$ 3
Comprehensive income:
Net income (loss)		31			30		1
Other comprehensive income (loss)		(8)				(8)
Total comprehensive income (loss)		23			30	(8)
Total comprehensive income (loss), 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			131.0
Balance at end of period at Mar. 31, 2021		1,100	$ 1	398	976	(279)	4
Balance at beginning of period (in shares) at Dec. 31, 2020			129.0
Balance at beginning of period at Dec. 31, 2020		1,051	$ 1	368	950	(271)	3
Comprehensive income:
Other comprehensive income (loss)	$ (29)
Balance at end of period (in shares) at Sep. 30, 2021			132.0
Balance at end of period at Sep. 30, 2021		1,188	$ 1	511	971	(300)	5
Balance at beginning of period (in shares) at Mar. 31, 2021			131.0
Balance at beginning of period at Mar. 31, 2021		1,100	$ 1	398	976	(279)	4
Comprehensive income:
Net income (loss)		(9)			(9)
Other comprehensive income (loss)		8				8
Total comprehensive income (loss)		(1)			(9)	8
Employee stock purchase and stock compensation plans		44		44
Convered Cardtronics Awards Attributable to pre-combination services		19		19
Series A convertible preferred stock dividends		(4)			(4)
Balance at end of period (in shares) at Jun. 30, 2021			131.0
Balance at end of period at Jun. 30, 2021		1,158	$ 1	461	963	(271)	4
Comprehensive income:
Net income (loss)		13			12		1
Other comprehensive income (loss)	$ (29)	(29)				(29)	0
Total comprehensive income (loss)		(16)			12	(29)
Total comprehensive income (loss), attributable to nonredeemable noncontrolling interest							1
Employee stock purchase and stock compensation plans (in shares)			1.0
Employee stock purchase and stock compensation plans		50		50
Series A convertible preferred stock dividends		(4)			(4)
Balance at end of period (in shares) at Sep. 30, 2021			132.0
Balance at end of period at Sep. 30, 2021		1,188	$ 1	511	971	(300)	5
Balance at beginning of period (in shares) at Dec. 31, 2021	132.2		132.0
Balance at beginning of period at Dec. 31, 2021	$ 1,259	1,259	$ 1	515	1,031	(291)	3
Comprehensive income:
Net income (loss)		(35)			(34)		(1)
Other comprehensive income (loss)		18				18
Total comprehensive income (loss)		(17)			(34)	18
Total comprehensive income (loss), attributable to nonredeemable noncontrolling interest							(1)
Employee stock purchase and stock compensation plans (in shares)			3.0
Employee stock purchase and stock compensation plans		19		19
Stock issued in acquisition of LibertyX (in shares)			1.0
Stock issued in acquisition of LibertyX		68		68
Series A convertible preferred stock dividends		(4)			(4)
Balance at end of period (in shares) at Mar. 31, 2022			136.0
Balance at end of period at Mar. 31, 2022		1,325	$ 1	602	993	(273)	2
Balance at beginning of period (in shares) at Dec. 31, 2021	132.2		132.0
Balance at beginning of period at Dec. 31, 2021	$ 1,259	1,259	$ 1	515	1,031	(291)	3
Comprehensive income:
Other comprehensive income (loss)	$ (38)
Balance at end of period (in shares) at Sep. 30, 2022	137.0		137.0
Balance at end of period at Sep. 30, 2022	$ 1,446	1,446	$ 1	675	1,095	(326)	1
Balance at beginning of period (in shares) at Mar. 31, 2022			136.0
Balance at beginning of period at Mar. 31, 2022		1,325	$ 1	602	993	(273)	2
Comprehensive income:
Net income (loss)		43			41		2
Other comprehensive income (loss)		(33)				(32)	(1)
Total comprehensive income (loss)		10			41	(32)
Total comprehensive income (loss), attributable to nonredeemable noncontrolling interest							1
Employee stock purchase and stock compensation plans (in shares)			1.0
Employee stock purchase and stock compensation plans		42		42
Series A convertible preferred stock dividends		(4)			(4)
Balance at end of period (in shares) at Jun. 30, 2022			137.0
Balance at end of period at Jun. 30, 2022		1,373	$ 1	644	1,030	(305)	3
Comprehensive income:
Net income (loss)		69			69
Other comprehensive income (loss)	$ (23)	(23)				(21)	(2)
Total comprehensive income (loss)		46			69	(21)
Total comprehensive income (loss), attributable to nonredeemable noncontrolling interest							(2)
Employee stock purchase and stock compensation plans		31		31
Series A convertible preferred stock dividends		(4)			(4)
Balance at end of period (in shares) at Sep. 30, 2022	137.0		137.0
Balance at end of period at Sep. 30, 2022	$ 1,446	$ 1,446	$ 1	$ 675	$ 1,095	$ (326)	$ 1

Basis of Presentation and Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2022

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 2021 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, 2021.

Change in reportable segments Effective January 1, 2022, the Company realigned its reportable segments to correspond with changes to its operating model, management structure and organizational responsibilities. The reportable segments effective January 1, 2022 include: Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking. Additionally, effective January 1, 2022, the Company manages Corporate & Other, which includes income and expenses that are not specifically attributable to an individual reportable segment and thus will be reflected only in consolidated results, as well as our Telecommunications & Technology business, an immaterial operating segment. We have reclassified prior period segment disclosures to conform to current period presentation. Refer to Note 4, “Segment Information and Concentrations”, for additional information on our reportable segments.

Conflict in Eastern Europe The war in Eastern Europe and related sanctions imposed on Russia and related actors by the United States and other jurisdictions required us to commence the orderly wind down of our operations in Russia beginning in the first quarter of 2022. As of September 30, 2022, we have ceased operations in Russia and are in the process of dissolving our only subsidiary in Russia. As a result of these actions, our results for the nine months ended September 30, 2022 reflect the impact of the impairment and write down of the assets and liabilities of the entity, severance charges, the assessment of collectability on revenue recognition, and the residual operations of the entity. We recognized a pre-tax net loss of $22 million for the nine months ended September 30, 2022 related to these actions, recognized primarily in Cost of products, Cost of

services and Selling, general and administrative expenses on the Condensed Consolidated Statement of Operations. No loss was recognized in the three months ended September 30, 2022 related to these actions.

Announcement of Planned Separation On September 15, 2022, NCR announced a plan to separate into two independent, publicly traded companies – one focused on digital commerce, the other on ATMs. The separation is intended to be structured in a tax-free manner. The separation transaction will follow the satisfaction of customary conditions, including effectiveness of appropriate filings with the U.S. Securities and Exchange Commission, and the completion of audited financial statements. The current target is to complete the separation by the end of 2023.

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 variants of the coronavirus (COVID-19) pandemic, macroeconomic pressures and geopolitical challenges. The ultimate impact on our overall financial condition and operating results will depend on the currently unknowable duration and severity of the pandemic, supply chain challenges and cost escalations including materials, interest, labor and freight, and any additional governmental and public actions taken in response. As a result, our accounting estimates and assumptions may change over time as a consequence of the effects of COVID-19 and other external factors. 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. Other than the items discussed within the Notes to Condensed Consolidated Financial Statements, no matters were identified that required adjustment to the Condensed Consolidated Financial Statements or additional disclosure.

Reclassifications Certain prior-period amounts have been reclassified in the accompanying Condensed Consolidated Financial Statements and Notes thereto in order to conform to the current period presentation. Reclassifications had no effect on prior year net income or shareholders’ equity.

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		September 30
	Balance Sheet Location	2022		2021
Cash and cash equivalents	Cash and cash equivalents	$	434	$	383
Short term restricted cash	Restricted cash	7		—
Long term restricted cash	Other assets	9		6
Funds held for client	Restricted cash	42		41
Cash included in settlement processing assets	Restricted cash	253		205
Total cash, cash equivalents and restricted cash		$	745	$	635

Contract Assets and Liabilities The following table presents the net contract liability balances as of September 30, 2022 and December 31, 2021.


In millions	Location in the Condensed Consolidated Balance Sheet	September 30, 2022		December 31, 2021
Current portion of contract liabilities	Contract liabilities	$	507	$	516
Non-current portion of contract liabilities	Other liabilities	$	56	$	69

During the nine months ended September 30, 2022, the Company recognized $365 million in revenue that was included in contract liabilities as of December 31, 2021. During the nine months ended September 30, 2021 the Company recognized $406 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 September 30, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $3.7 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 three elections that affect the value of remaining performance obligations described above. We do not disclose remaining performance obligations for contracts where variable consideration is directly allocated based on usage or when the original expected duration is one year or less. Additionally, we do not disclose remaining performance obligations for contracts where we recognize revenue from the satisfaction of the performance obligation in accordance with the 'right to invoice' practical expedient.

Recent Accounting Pronouncements

Adoption of New Accounting Pronouncements

In August 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, with new guidance for convertible preferred stock, which eliminates considerations related to the beneficial conversion feature model. The standard also requires entities to use an average stock price when calculating the denominator for diluted earnings per share 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 was 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 did not have a material effect on the Company's net income, cash flows, earnings per share or financial condition.

In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options, with new guidance for freestanding equity-classified written call options. The new guidance requires issuers to account for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after the modification or exchange based on the economic substance of the modification or exchange. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021, with early adoption permitted. The adoption of this accounting standards update did not have a material effect on the Company's net income, cash flows, earnings per share or financial condition.

In March 2022, the SEC staff released Staff Accounting Bulletin No. 121 (“SAB 121”), which expressed the views of the SEC staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for users of its crypto platform. This guidance requires entities that hold crypto-assets on behalf of platform users to recognize a liability to reflect the entity’s obligation to safeguard the crypto-assets held for its platform users. The liability should be measured at initial recognition and each reporting date at the fair value of the crypto-assets that the entity is responsible for holding for its platform users. The entity should also recognize an asset at the same time that it recognizes the safeguarding liability, measured at initial recognition and each reporting date at the fair value of the crypto-assets held for its platform users. SAB 121 also includes guidance on disclosures related to the Company’s safeguarding of crypto-assets. This guidance is effective from the first interim or annual period after June 15, 2022 and should be applied retrospectively to the beginning of the fiscal year to which the interim or annual period relates. The Company adopted this guidance in the interim period ending June 30, 2022; however, as the Company is not currently offering digital asset safeguarding services to its customers, the adoption of this guidance did not have an impact on the Company’s net income, cash flows, earnings per share or financial condition.

Although there are several other new accounting pronouncements issued by the FASB and adopted by or effective for the Company, the Company does not believe any of these accounting pronouncements had a material impact on its consolidated financial statements.

Accounting Pronouncements Issued But Not Yet Adopted

In October 2021, the FASB issued accounting standards update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, with new guidance for contract assets and contract liabilities acquired in a business combination. The new guidance requires contract assets and contract liabilities, such as deferred revenue, acquired in a business combination to be recognized and measured by the acquirer on the acquisition

date in accordance with Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers. Prior to the issuance of this guidance, contract assets and contract liabilities were recognized by the acquirer at fair value on the acquisition date. The accounting standards update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted and should be applied prospectively to acquisitions occurring on or after the effective date. The Company does not expect to early adopt the new accounting standards update. 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.

Although there are several other new accounting pronouncements issued by the FASB and not yet adopted by or effective for the Company, the Company does not believe any of these accounting pronouncements will have a material impact on its consolidated financial statements.

Business Combinations

9 Months Ended

Sep. 30, 2022

Business Combinations [Abstract]

Business Combinations

2. BUSINESS COMBINATIONS

Acquisition of LibertyX (2022)

On January 5, 2022, NCR completed its acquisition of Moon Inc., dba LibertyX, a leading cryptocurrency software provider, with the goal of enabling NCR to provide a complete digital currency solution, including the ability to buy and sell cryptocurrency, conduct cross-border remittance, and accept digital currency payments across digital and physical channels. The Company purchased all outstanding shares of LibertyX for $1 million cash consideration and approximately 1.4 million shares of the Company's common stock at a price of $42.13 per share. The Company also converted approximately 0.2 million outstanding unvested LibertyX option awards into NCR awards pursuant to an exchange ratio as defined in the acquisition agreement. LibertyX stock option awards were converted into NCR stock option awards with an exercise price per share for option awards equal to the exercise price per share of such stock option award immediately prior to the completion of the acquisition divided by the exchange ratio, and vested immediately. The value of the option awards was deemed attributable to services already rendered and was included as a portion of the purchase price. Total purchase consideration for the LibertyX acquisition was approximately $69 million. As a result of the acquisition, LibertyX became a wholly-owned subsidiary of NCR.

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 acquisition as set forth below. The provisional amounts for intangible assets are based on third-party valuations performed. The allocation of the purchase price is provisional as of September 30, 2022 and may be subject to future adjustments, within the measurement period, as the Company obtains additional information to finalize the accounting for the business combination, including additional refinement to finalize valuations, among other items. The preliminary allocation of the purchase price is as follows:


In millions	Fair Value
Cash acquired	$	2
Tangible assets acquired	3
Acquired intangible assets other than goodwill	38
Acquired goodwill	41
Deferred tax liabilities	(11)
Liabilities assumed	(4)
Total purchase consideration	$	69

Goodwill represents the future economic benefits arising from other assets acquired that could not be individually separately recognized. The goodwill arising from the acquisition consists of revenue and cost synergies expected from combining the operations of NCR and LibertyX and is not deductible for tax purposes. The goodwill arising from the LibertyX acquisition has been allocated to our Payments & Network segment. Refer to Note 3, “Goodwill and Purchased Intangible 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 date:


	Fair Value		Weighted Average Amortization Period (1)
	(In millions)		(In years)
Direct customer relationships	$	5	10
Technology - Software	30		13
Non-compete	1		1
Tradenames	2		2
Total acquired intangible assets	$	38

(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 LibertyX have been included within NCR's results since the closing date of the acquisition. Supplemental pro forma information and actual revenue and earnings since the acquisition date have not been provided as the acquisition did not have a material impact on the Company's Condensed Consolidated Statements of Operations.

Other Acquisitions (2022)

On July 1, 2022, NCR completed its acquisition of the India ATM business of FIS Payment Solutions & Services Private Limited for consideration of $19 million, of which $12 million has been paid in cash as of September 30, 2022.

Acquisition of Cardtronics plc (2021)

On June 21, 2021, NCR acquired all outstanding shares of Cardtronics plc (“Cardtronics”) for $39.00 per share (the “Cardtronics Transaction”). The fair value of consideration transferred to acquire Cardtronics was allocated to the identifiable assets acquired and liabilities assumed based upon their estimated fair values as of the date of the acquisition. The allocation of the purchase price was finalized in June 2022. There have been no material adjustments to the allocation of purchase price since December 31, 2021.

Unaudited Pro forma Information The following unaudited pro forma information presents the consolidated results of NCR and Cardtronics for the three and nine months ended September 30, 2021. The unaudited pro forma information is presented for illustrative purposes only. It is not necessarily indicative of the results of operations of future periods, or the results of operations that actually would have been realized had the entities been a single company during the periods presented or the results that the combined company will experience after the acquisition. The unaudited pro forma information does not give effect to the potential impact of current financial conditions, regulatory matters or any anticipated synergies, operating efficiencies or cost savings that may be associated with the acquisition. The unaudited pro forma information also does not include any integration costs or remaining future transaction costs that the companies may incur related to the acquisition as part of combining the operations of the companies.

The unaudited pro forma consolidated results of operations, assuming the acquisition had occurred on January 1, 2020, are as follows:


In millions	Three months ended September 30		Nine months ended September 30
	2021		2021
Revenue	$	1,901	$	5,632
Net Income attributable to NCR	$	12	$	81

The unaudited pro forma results for the nine months ended September 30, 2021 include:

•$53 million in eliminated intercompany revenue and cost between NCR and Cardtronics;

•$25 million, net of tax, in additional amortization expense for acquired intangible assets;

•$87 million, net of tax, in eliminated transaction costs as if those costs were incurred in the prior year period; and

•$35 million, net of tax, in additional interest expense from the incremental borrowings under the Senior Secured Credit Facility as well as the 5.125% senior notes.

Goodwill and Purchased Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND PURCHASED INTANGIBLE ASSETS

3. GOODWILL AND PURCHASED INTANGIBLE ASSETS

Goodwill by Segment As described in Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”, effective January 1, 2022, the Company realigned its reportable segments to correspond with changes to its operating model, management structure and organizational responsibilities. In connection with the change in reportable segments, during the first quarter of 2022, the Company determined its reporting units and then assigned goodwill to the new reporting units based on the relative fair value allocation approach. We have reclassified prior period goodwill disclosures to conform to the current period presentation.

The carrying amounts of goodwill by segment as of September 30, 2022 and December 31, 2021 are included in the table below. Foreign currency fluctuations are included within other adjustments.


	December 31, 2021												September 30, 2022
In millions	Goodwill		Accumulated Impairment		Total		Additions		Impairment		Other		Goodwill		Accumulated Impairment		Total

Retail	$	1,015	$	(34)	$	981	$	—	$	—	$	(20)	$	995	$	(34)	$	961
Hospitality	292		(23)		269		—		—		(5)		287		(23)		264
Digital Banking	595		—		595		—		—		6		601		—		601
Payments & Network	988		—		988		51		—		8		1,047		—		1,047
Self-Service Banking	1,635		(101)		1,534		—		—		13		1,648		(101)		1,547
Other(1)	163		(11)		152		—		—		—		163		(11)		152
Total goodwill	$	4,688	$	(169)	$	4,519	$	51	$	—	$	2	$	4,741	$	(169)	$	4,572

(1) Other segment includes the goodwill associated with our Technology & Telecommunications reporting unit.

Additions during the nine months ended September 30, 2022 include immaterial purchase accounting adjustments related to the Cardtronics acquisition as well as the goodwill acquired through the LibertyX transaction on January 5, 2022. For additional information on these business combinations, refer to Note 2, “Business Combinations”.

Due to the change in reportable segments, management performed an interim goodwill impairment analysis immediately before and as of the effective date of January 1, 2022. The assessment as of December 31, 2021 was performed based on a qualitative assessment of the historical Banking, Retail, Hospitality and Telecommunications & Technology reporting units. No impairment was identified. The assessment as of January 1, 2022 was performed using a weighted combination of both guideline public company and discounted cash flow valuation methods. This assessment included, but was not limited to, our consideration of the potential impacts of the COVID-19 pandemic to the current and future cash flows, as well as macroeconomic conditions, industry and market considerations, and financial performance, including forecasted revenue, earnings and capital expenditures of each reporting unit. Based on this analysis, it was determined that the fair value of all reporting units were substantially in excess of the carrying value. However, if the actual results differ from our expectations for any of our reporting units, there is a possibility we would have to perform additional interim impairment tests, which could lead to an impairment of goodwill or other assets.

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)	September 30, 2022				December 31, 2021
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	1,113	$	(449)	$	1,126	$	(391)
Intellectual property	2 - 8	1,022		(537)		1,008		(474)
Customer contracts	8	89		(89)		89		(89)
Tradenames	1 - 10	127		(92)		130		(83)
Total identifiable intangible assets		$	2,351	$	(1,167)	$	2,353	$	(1,037)

Amortization expense related to identifiable intangible assets for the following periods is:.


	Three months ended September 30				Nine months ended September 30
In millions	2022		2021		2022		2021
Amortization expense	$	44	$	45	$	130	$	88

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


			For the years ended December 31
In millions	Remainder of 2022		2023		2024		2025		2026		2027
Amortization expense	$	44	$	174	$	163	$	151	$	141	$	125

Segment Information and Concentrations

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION AND CONCENTRATIONS

4. SEGMENT INFORMATION AND CONCENTRATIONS

As described in Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”, effective January 1, 2022, the Company realigned its reportable segments to correspond with changes to its operating model, management structure and organizational responsibilities. We have reclassified prior period segment disclosures to conform to the current period presentation. As a result of the change, the Company manages and reports the following segments:

•Retail - We offer software-led 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 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 solutions include POS hardware and software solutions, installation, maintenance, managed and professional services as well as payment processing solutions.

•Digital Banking - NCR Digital Banking helps financial institutions implement their digital-first platform strategy by providing solutions for account opening, account management, transaction processing, imaging, and branch services to enable financial institutions to offer a compelling customer experience.

•Payments & Network - We provide a cost-effective way for financial institutions, fintechs, and neobanks to reach and serve their customers through our network of automated teller machines ("ATMs") and multi-functioning financial services kiosks. We offer credit unions, banks, digital banks, fintechs, stored-value debit card issuers, and other consumer financial services providers access to our Allpoint retail-based ATM network, providing convenient and fee-free cash withdrawal and deposit access to their customers and cardholders as well as the ability to convert a digital value to cash, or vice versa, via NCRPay360. We also provide ATM branding, management and services to financial institutions and businesses.

•Self-Service Banking - We offer solutions to enable customers in the financial services industry to reduce costs, generate new revenue streams and enhance customer loyalty. These solutions include a comprehensive line of ATM hardware and software, and related installation, maintenance, and managed and professional services.

Corporate and Other includes income and expenses related to corporate functions that are not specifically attributable to an individual reportable segment along with any immaterial operating segment(s).

Eliminations include revenues from contracts with customers and the related costs that are reported in the Payments & Network segment as well as in the Retail or Hospitality segments, including merchant acquiring services that are monetized via payments.

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. 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 continuing operations attributable to NCR.

Special Item Related to Russia The war in Eastern Europe and related sanctions imposed on Russia and related actors by the United States and other jurisdictions required us to commence the orderly wind down of our operations in Russia beginning in the first quarter of 2022. As of September 30, 2022, we have ceased operations in Russia and are in the process of dissolving our only subsidiary in Russia. As a result, for the three and nine months ending September 30, 2022, our presentation of segment revenue and Adjusted EBITDA exclude the immaterial impact of our operating results in Russia, as well as the impact of impairments taken to write down the carrying value of assets and liabilities, severance charges, and the assessment of collectability on revenue recognition. We consider this to be a non-recurring special item and management has reviewed the results of its business segments excluding these impacts. We have not adjusted the presentation of the prior year period due to the immaterial impact of Russia to revenue and income from continuing operations for the three and nine months ended September 30, 2021.

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.

The following table presents revenue and Adjusted EBITDA by segment:


In millions	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Revenue by segment
Retail	$	575	$	541	$	1,683	$	1,623
Hospitality	238		224		687		618
Digital Banking	137		128		404		380
Payments & Network	336		304		967		380
Self-Service Banking	640		637		1,930		1,910
Other	58		75		187		229
Eliminations	(12)		(8)		(32)		(18)
Total segment revenue	$	1,972	$	1,901	$	5,826	$	5,122
Other adjustment (1)	—		—		9		—
Consolidated revenue	$	1,972	$	1,901	$	5,835	$	5,122

Adjusted EBITDA by segment
Retail	$	128	$	104	$	299	$	323
Hospitality	51		44		138		119
Digital Banking	60		52		172		161
Payments & Network	114		111		309		133
Self-Service Banking	150		155		404		432
Corporate and Other	(112)		(109)		(307)		(265)
Eliminations	(11)		(5)		(25)		(12)
Total Adjusted EBITDA	$	380	$	352	$	990	$	891

(1) Other adjustment reflects the revenue attributable to the Company's operations in Russia for the three and nine months ending September 30, 2022 that were excluded from management's measure of revenue due to our previous announcement to suspend sales to Russia and anticipated orderly wind down of our operations in Russia. The revenue attributable to the Russian operations for the three and nine months ended September 30, 2021 of $14 million and $33 million, respectively, is included in the respective segments.

For the three and nine months ended September 30, 2022, the operations of Cardtronics are included in the Payments & Network and Self-Service Banking segments. For the three and nine months ended September 30, 2021, the operations of Cardtronics have been included in the Payments & Network and Self-Service Banking segments from the close date, June 21, 2021.

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


In millions	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Net income (loss) from continuing operations attributable to NCR	$	69	$	12	$	71	$	33
Transformation and restructuring costs	17		5		93		20
Acquisition-related amortization of intangibles	44		45		130		88
Acquisition-related costs	1		9		9		92
Loss on debt extinguishment	—		42		—		42
Interest expense	74		68		204		174
Interest income	(3)		—		(6)		(4)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	107		104		314		250
Income tax expense (benefit)	43		29		56		77
Stock-based compensation expense	28		38		97		119

Russia	—		—		22		—
Total Adjusted EBITDA	$	380	$	352	$	990	$	891

The following table presents revenue by geography for NCR:


In millions	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Americas	$	1,320	$	1,185	$	3,777	$	3,121
Europe, Middle East and Africa (EMEA)	403		494		1,367		1,358
Asia Pacific (APJ)	249		222		691		643
Total revenue	$	1,972	$	1,901	$	5,835	$	5,122

The following table presents the recurring revenue for NCR:


In millions	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Recurring revenue (1)	$	1,222	$	1,181	$	3,618	$	2,984
All other products and services	750		720		2,217		2,138
Total revenue	$	1,972	$	1,901	$	5,835	$	5,122

(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, interchange and network revenue, cryptocurrency-related revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights.

- 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
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+ Details

Debt Obligations

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

DEBT OBLIGATIONS

5. DEBT OBLIGATIONS

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


		September 30, 2022			December 31, 2021
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)		$	105	5.01%	$	56	2.63%
Other (1)		1		4.60%	1		2.13%
	Total short-term borrowings	$	106		$	57
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facility (1)	$	1,805	5.12%	$	1,884	2.63%
	Revolving credit facility (1)	558		5.20%	380		2.36%
Senior notes:

	5.750% Senior Notes due 2027	500			500
	5.000% Senior Notes due 2028	650			650
	5.125% Senior Notes due 2029	1,200			1,200
	6.125% Senior Notes due 2029	500			500
	5.250% Senior Notes due 2030	450			450
Deferred financing fees		(52)			(60)
Other (1)		—			1		6.62%
	Total long-term debt	$	5,611		$	5,505

(1) Interest rates are weighted-average interest rates as of September 30, 2022 and December 31, 2021.

Senior Secured Credit Facility The Company is party to a Senior Secured Credit Facility, which provides for a senior secured term loan A facility in an aggregate principal amount of $1.305 billion (the “TLA Facility”), a senior secured term loan B facility in an aggregate principal amount of $750 million (the “TLB Facility” and together with the TLA Facility, the “Term Loan Facilities”), and a revolving credit facility with commitments in an initial aggregate principal amount of $1.3 billion (the “Revolving Credit Facility”).

As of September 30, 2022, $1.910 billion remained outstanding under the Term Loan Facilities. Additionally, as of September 30, 2022, there was $558 million outstanding under the Revolving Credit Facility. The Revolving Credit Facility also contains a sub-facility to be used for letters of credit, and, as of September 30, 2022, outstanding letters of credit were $24 million. Our borrowing capacity under our Revolving Credit Facility was $718 million at September 30, 2022.

The outstanding principal balance of the TLB Facility is required to be repaid in equal quarterly installments of 0.25% of the original aggregate principal amount thereof that began with the fiscal quarter ended December 31, 2019, with the balance being due at maturity on August 28, 2026 (the “TLB Maturity Date”).

The outstanding principal balance of the TLA Facility is required to be repaid in equal quarterly installments of 1.875% of the original aggregate principal amount thereof, that began with the fiscal quarter ended September 30, 2021, with the balance being due at maturity on the earlier of (a) June 21, 2026 and (b) unless the loans under TLB Facility have been repaid prior to such date, the date that is 91 days prior to the TLB Maturity Date.

Commitments under the Revolving Credit Facility are scheduled to terminate on the earlier of (a) June 21, 2026 and (b) unless the loans under TLB Facility have been repaid prior to such date, the date that is 91 days prior to the TLB Maturity Date. Loans under the Revolving Credit Facility may be repaid and reborrowed prior to such date, subject to the satisfaction of customary conditions.

The obligations under the Senior Secured Credit Facility are guaranteed by certain of the Company’s domestic material subsidiaries including NCR International, Inc. (the “Guarantor Subsidiary”) and certain domestic subsidiaries acquired through the Cardtronics Transaction (collectively, the “Cardtronics Guarantors” and together with the Guarantor Subsidiary, the “Guarantors”). The obligations under the Senior Secured Credit Facility and the above described guarantee are secured by a first priority lien and security interest in certain equity interests owned by the Company and the Guarantors in certain of their respective domestic and foreign subsidiaries, and a first priority lien and security interest in substantially all of the assets of the Company and the Guarantors, 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 an “investment grade” 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 with respect to the Revolving Credit Facility and the TLA Facility. The financial covenant 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 December 31, 2021, 5.50 to 1.00, (ii) in the case of any fiscal quarter ending on or prior to September 30, 2022, 5.25 to 1.00, and (iii) in the case of any fiscal quarter ending on or after December 31, 2022, 4.75 to 1.00.

Senior Unsecured Notes The Company’s senior unsecured notes are guaranteed by the Guarantors, which have guaranteed fully and unconditionally the obligations to pay principal and interest for the Company’s senior unsecured notes. The terms of the indentures for the Company’s senior unsecured 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.

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 September 30, 2022 and December 31, 2021 was $5.06 billion and $5.74 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.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Trade Receivables Facility	9 Months Ended
Trade Receivables Facility	Sep. 30, 2022
Receivables [Abstract]
TRADE RECEIVABLES FACILITY	6. TRADE RECEIVABLES FACILITY The Company continues to maintain its trade receivables facility (the “T/R Facility”) with PNC Bank, National Association (“PNC”), which allows the Company's wholly-owned, bankruptcy remote subsidiary, NCR Receivables LLC (the “U.S. SPE”), to sell certain trade receivables on a revolving basis to PNC and the other unaffiliated purchasers participating in the T/R Facility. The T/R Facility, as amended, became effective September 30, 2021 and has a term of two years, which the Company and the U.S. SPE intend to renew. Under the T/R Facility, the Company and certain United States and Canadian operating subsidiaries of the Company continuously sell their trade receivables as they are originated to the U.S. SPE and a Canadian bankruptcy-remote special purpose entity (collectively, the “SPEs”), as applicable. None of the assets or credit of either SPE is available to satisfy the debts and obligations owed to the creditors of the Company or any other person until the obligations of the SPEs under the T/R Facility have been satisfied. The Company controls and therefore consolidates the SPEs in its condensed consolidated financial statements. As cash is collected on the trade receivables, the U.S. SPE has the ability to continuously transfer ownership and control of new qualifying receivables to PNC and the other unaffiliated purchasers such that the total outstanding balance of trade receivables sold can be up to $300 million at any point in time, which is the maximum purchase commitment of PNC and the other unaffiliated purchasers. The future outstanding balance of trade receivables that are sold is expected to vary based on the level of activity and other factors and could be less than the maximum purchase commitment of $300 million. The total outstanding balance of trade receivables that have been sold and derecognized by the U.S. SPE to PNC and the other unaffiliated purchasers is approximately $300 million as of September 30, 2022 and December 31, 2021. Excluding the trade receivables sold to PNC and other unaffiliated purchasers, the SPEs collectively owned $370 million and $228 million of trade receivable as of September 30, 2022 and December 31, 2021, respectively, and these amounts are included in Accounts receivable, net in the Company’s Condensed Consolidated Balance Sheets. Continuous cash activity related to the T/R Facility is reflected in Net cash provided by operating activities in the Condensed Consolidated Statements of Cash Flows. The U.S. SPE incurs fees due and payable to PNC and the other unaffiliated purchasers participating in the T/R Facility. Those fees, which are immaterial, are recorded within Other income (expense), net in the Condensed Consolidated Statements of Operations. In addition, each of the SPEs has provided a full recourse guarantee in favor of PNC and the other unaffiliated purchasers of the full and timely payment of all trade receivables sold to them by the U.S. SPE. The guarantee is collateralized by all the trade receivables owned by each of the SPEs that have not been sold to PNC or the other unaffiliated purchasers. The reserve recognized for this recourse obligation as of September 30, 2022 is not material. The Company, or in the case of any Canadian trade receivables, NCR Canada Corp., continues to be involved with the trade receivables even after they are transferred to the SPEs (or further transferred to PNC and the other unaffiliated purchasers) by acting as servicer. In addition to any obligations as servicer, the Company and each of its subsidiaries acting as an originator under the T/R Facility provide the SPEs with customary recourse in respect of (i) certain dilutive events with respect to the trade receivables sold to the SPEs that are caused by the Company or another originator and (ii) in the event of certain violations by the Company or another originator of their representations and warranties with respect to the trade receivables sold to the SPEs. These servicing and originator liabilities of the Company and its subsidiaries (other than the SPEs) under the T/R Facility are not expected to be material, given the high quality of the customers underlying the receivables and the anticipated short collection period.

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	7. 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 $43 million for the three months ended September 30, 2022 compared to income tax expense of $29 million for the three months ended September 30, 2021. The change was primarily driven by higher income before taxes in the three months ended September 30, 2022, compared to the prior year. The Company did not recognize any material discrete tax expenses or benefits in either period. Income tax expense was $56 million for the nine months ended September 30, 2022 compared to income tax expense of $77 million for the nine months ended September 30, 2021. The change was primarily driven by discrete tax expenses and benefits. In the nine months ended September 30, 2022, the Company recognized a $7 million benefit from provision to return adjustments and a $7 million benefit related to uncertain tax position settlements and statute of limitation lapses. In the nine months ended September 30, 2021, the Company recognized a $34 million expense from recording a valuation allowance against interest limitation carryforwards in the U.S. and a $14 million benefit from the deferred tax impact of a tax law change in the U.K. 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 September 30, 2022, we estimate that it is reasonably possible that gross unrecognized tax benefits may decrease by $8 million to $10 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

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+ Details

Stock Compensation Plans

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

STOCK COMPENSATION PLANS

8. STOCK COMPENSATION PLANS

As of September 30, 2022, 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 September 30				Nine months ended September 30
	2022		2021		2022		2021
Restricted stock units	$	22	$	30	$	76	$	96
Stock options	4		6		14		17
Employee stock purchase plan	2		2		7		6
Stock-based compensation expense	28		38		97		119
Tax benefit	(5)		(5)		(13)		(14)
Stock-based compensation expense (net of tax)	$	23	$	33	$	84	$	105

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

On February 25, 2022, the Company granted market-based restricted stock units with 100% of the award vesting on December 31, 2024. 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, 2024. The fair value was determined to be $57.67 per share 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.



Dividend yield	—	%
Risk-free interest rate	1.73	%
Expected volatility	59.26	%

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 three year U.S. Treasury yield curve in effect at the time of the grant.

As of September 30, 2022, the total unrecognized compensation cost of $151 million related to unvested restricted stock grants is expected to be recognized over a weighted average period of approximately 1.0 years. As of September 30, 2022, the total unrecognized compensation cost of $5 million related to unvested stock option grants is expected to be recognized over a weighted average period of approximately 0.3 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 September 30, 2022, employees purchased 0.4 million shares, at a discounted price of $16.16. For the three months ended September 30, 2021, employees purchased 0.2 million shares, at a discounted price of 32.95.

Employee Benefit Plans

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

9. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost (income) of the pension plans for the three months ended September 30 were as follows:


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2022		2021		2022		2021		2022		2021
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	10		9		3		2		13		11
Expected return on plan assets	(17)		(8)		(6)		(6)		(23)		(14)
Amortization of prior service cost	—		—		—		1		—		1
Net periodic benefit cost (income)	$	(7)	$	1	$	(2)	$	(2)	$	(9)	$	(1)

Components of net periodic benefit cost (income) of the pension plans for the nine months ended September 30 were as follows:


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2022		2021		2022		2021		2022		2021
Net service cost	$	—	$	—	$	3	$	4	$	3	$	4
Interest cost	30		26		9		6		39		32
Expected return on plan assets	(50)		(23)		(20)		(18)		(70)		(41)
Amortization of prior service cost	—		—		—		1		—		1
Net periodic benefit cost (income)	$	(20)	$	3	$	(8)	$	(7)	$	(28)	$	(4)

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


In millions	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Interest cost	$	—	$	—	$	—	$	—
Amortization of:
Prior service benefit	—		—		—		—
Actuarial loss	1		1		1		1
Net postretirement benefit	$	1	$	1	$	1	$	1

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


	Three months ended September 30				Nine months ended September 30
In millions	2022		2021		2022		2021
Net service cost	$	8	$	4	$	57	$	13
Interest cost	1		—		2		1
Amortization of:
Prior service benefit	—		(1)		(1)		(2)
Actuarial gain	(1)		(1)		(1)		(1)
Net benefit cost	$	8	$	2	$	57	$	11

Employer Contributions

Pension For the three and nine months ended September 30, 2022, NCR contributed $3 million and $12 million, respectively, to its international pension plans. NCR anticipates contributing an additional $5 million to its international pension plans for a total of $17 million in 2022.

Postretirement For the three and nine months ended September 30, 2022, NCR made no contributions to its U.S. postretirement plan. NCR anticipates contributing an additional $1 million to its U.S. postretirement plan for a total of $1 million in 2022.

Postemployment For the three and nine months ended September 30, 2022, NCR contributed $5 million and $20 million, respectively, to its postemployment plan. NCR anticipates contributing an additional $60 million to its postemployment plan for a total of $80 million in 2022.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Commitments and Contingencies

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

10. 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, patents or other 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 Kalamazoo River environmental matter 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.

Legal Matters During August 2019, a suit was filed against the Company by Pennsylvania-based CloudofChange LLC alleging willful infringement by NCR for its use of its NCR Silver point-of-sale offering. On October 27, 2022, the court in the Western District of Texas denied the Company's post-trial motion in this matter for judgment as a matter of law or alternatively for a new trial, resulting in a ruling against the Company in an amount of $13 million. The Company remains committed to its position that NCR Silver does not infringe the CloudofChange LLC patents and will vigorously defend its position on appeal. The Company has already engaged experienced appellate counsel and immediately filed its notice of appeal. The Company evaluated the matter in accordance with ASC 450, Contingencies, and concluded that, as of September 30, 2022 and the date of filing of the related Form 10-Q, that a loss of up to $13 million is reasonably possible, but not probable and, therefore, no accrual has been recorded.

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 Kalamazoo River matter and the Ebina matter discussed below, we currently do not anticipate material expenses and liabilities from these environmental matters.

Fox River On September 30, 2003, NCR was one of eight entities that were formally notified by governmental and other entities, such as local Native American tribes, that they were 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 also contended that NCR was 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. In 2017, the Company entered into a Consent Decree with the federal and state governments for the clean-up of the Fox River, which was approved on August 22, 2017 by the federal district court in Wisconsin presiding over this matter. The Consent Decree resolved the Company’s disputes with the enforcement agencies as well as the other PRPs.

All litigation relating to the contribution and enforcement of remediation obligations on the Fox River has been concluded. No other litigation is pending. All Company obligations under the Consent Decree have been completed. On October 3, 2022, the Environmental Protection Agency issued the Company a Certificate of Completion certifying that all of the Company’s remedial obligations under the Consent Decree have been completed.

The cost of the Fox River remediation is currently shared by the company with three indemnitors. 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 September 30, 2022 and December 31, 2021, the receivable under the Funding Agreement was approximately $54 million and was included in Other assets in the Condensed Consolidated Balance Sheets. The timing of collection of sums related to the receivable is uncertain, 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.

Additionally, 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 for insurance recoveries and net tax benefits, if any. (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.

There could be additional changes to some elements of the reserve over upcoming periods, in view of a final reconciliation of indemnitor payments. Thus there can be no assurance that unexpected expenditures and liabilities will not have a material effect on NCR's capital expenditures, earnings, financial condition, cash flows, or competitive position. As of September 30, 2022 and December 31, 2021, the gross reserve for the Fox River matter was approximately $3 million and $4 million, respectively. As of September 30, 2022 and December 31, 2021, the net reserve for the Fox River matter was approximately $25 million and $26 million, respectively. In April 2009, NCR and API formed a limited liability company (the “LLC”). NCR contributes to the LLC to fund remediation activities and generally, by contract, has funded certain amounts of remediation expenses in advance. As of September 30, 2022 and December 31, 2021, approximately zero remained from this funding. 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.

Kalamazoo River In November 2010, The United States Environmental Protection Agency (“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 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 September 30, 2022 and December 31, 2021, the total reserve for Kalamazoo was $93 million and $99 million, respectively. The reserve 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 $150 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 in as much 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 September 30, 2022, NCR had disposed of approximately 96% of its lower-concentration wastes and approximately 59% of its higher-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. The government has given its final approvals, and the Company started to dispose of the high-concentration wastes in 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 adjusted its existing reserve for the matter to take into account this cost estimate. The reserve as of September 30, 2022 and December 31, 2021 is $11 million and $16 million, respectively. 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 September 30, 2022, NCR has received a combined gross total of approximately $212 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 it has recovered some amounts as a result of settlement discussions with certain carriers. In December 2021, the Company recovered approximately $3 million as a result of those discussions and, in the nine months ending September 30, 2022, recovered an additional $7 million. 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 September 30, 2022 and December 31, 2021, 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. Warranty reserve liabilities are presented in Other current liabilities and Other liabilities in the Condensed Consolidated Balance Sheets.

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 nine months ended September 30, 2022 as follows:


In millions	2022		2021
Warranty reserve liability
Beginning balance as of January 1	$	19	$	18
Accruals for warranties issued	14		20
Settlements (in cash or in kind)	(19)		(20)
Ending balance as of September 30	$	14	$	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.

Series A Convertible Preferred Stock	9 Months Ended
Series A Convertible Preferred Stock	Sep. 30, 2022
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 September 30, 2022 and 2021, the Company paid cash dividends of $3 million. During the nine months ended September 30, 2022 and 2021, the Company paid cash dividends of $11 million. 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 September 30, 2022 and December 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.

Earnings Per Share

9 Months Ended

Sep. 30, 2022

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 evaluate and reflect the maximum potential dilution, for each issue or series of issues of potential common shares in sequence from the most dilutive to the least dilutive. We adjust the numerator used in the basic EPS computation, subject to anti-dilution requirements, to add back the dividends (declared or cumulative undeclared) applicable to the Series A Convertible Preferred Stock. Such add-back would also include any adjustments to equity in the period to accrete the Series A Convertible Preferred Stock to its redemption price, or recorded upon a redemption or induced conversion. We adjust the denominator used in the basic EPS computation, subject to anti-dilution requirements, to include the dilution from potential shares resulting from the issuance of the Series A Convertible Preferred Stock, restricted stock units, and stock options.

The holders of Series A Convertible Preferred Stock, unvested restricted stock units and stock options do not have non-forfeitable 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 8, “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 September 30				Nine months ended September 30
	2022		2021		2022		2021
Numerator:
Income (loss) from continuing operations	$	69	$	12	$	71	$	33
Dividends on Series A Convertible Preferred Stock	(4)		(4)		(12)		(12)

Income (loss) from continuing operations attributable to NCR common stockholders	65		8		59		21
Income from discontinued operations, net of tax	—		—		5		—
Net income (loss) attributable to NCR common stockholders	$	65	$	8	$	64	$	21

Denominator:
Basic weighted average number of shares outstanding	137.0		131.5		136.4		130.8

Basic earnings per share:
From continuing operations	$	0.47	$	0.06	$	0.43	$	0.16
From discontinued operations	—		—		0.04		—
Total basic earnings per share	$	0.47	$	0.06	$	0.47	$	0.16

The components of diluted earnings per share are as follows:


In millions, except per share amounts	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Numerator:
Income (loss) from continuing operations	$	69	$	12	$	71	$	33
Dividends on Series A Convertible Preferred Stock	(4)		(4)		(12)		(12)

Income (loss) from continuing operations attributable to NCR common stockholders	65		8		59		21
Income from discontinued operations, net of tax	—		—		5		—
Net income (loss) attributable to NCR common stockholders	$	65	$	8	$	64	$	21

Denominator:
Basic weighted average number of shares outstanding	137.0		131.5		136.4		130.8


Dilutive effect of restricted stock units and stock options	3.3		6.3		4.5		6.3
Weighted average diluted shares	140.3		137.8		140.9		137.1

Diluted earnings per share:
From continuing operations	$	0.46	$	0.06	$	0.42	$	0.15
From discontinued operations	—		—		0.03		—
Total diluted earnings per share	$	0.46	$	0.06	$	0.45	$	0.15

For the three months ended September 30, 2022, 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. Additionally, weighted average restricted stock units and stock options of 9.0 million were excluded from the diluted share count because their effect would have been anti-dilutive.

For the three months ended September 30, 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 September 30, 2021, weighted average restricted stock units and stock options of 0.1 million were excluded from the diluted share count because their effect would have been anti-dilutive.

For the nine months ended September 30, 2022, 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. Additionally, for the nine months ended September 30, 2022, weighted average restricted stock units and options of 6.2 million were excluded from the diluted share count because their effect would have been anti-dilutive.

For the nine months ended September 30, 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 nine months ended September 30, 2021, weighted average restricted stock units and stock options of 4.7 million were excluded from the diluted share count because their effect would have been anti-dilutive.

Derivatives and Hedging Instruments

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES AND HEDGING INSTRUMENTS

13. DERIVATIVES AND HEDGING INSTRUMENTS

NCR is exposed to certain risks arising from both our business operations and economic conditions. We principally manage exposures to a wide variety of business and operational risk through management of core business activities. We manage interest rate risk associated with our vault cash rental obligations and floating rate-debt by managing the amount, sources, and duration of debt funding and the use of derivative financial instruments. The Company uses interest rate cap agreements or interest rate swap contracts (“Interest Rate Derivatives”) to manage differences in the amount, timing and duration of known or expected cash payments related to our existing TLA Facility and vault cash agreements.

Further, a substantial portion of our operations and revenue occur outside the United States and, as such, NCR has exposure to approximately 45 functional currencies. Our results can be significantly impacted, both positively and negatively, by changes in foreign currency exchange rates. The Company seeks to mitigate such impact by hedging its foreign currency transaction exposure using foreign currency forward and option contracts. We do not enter into hedges for speculative purposes.

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 nonfunctional currency denominated transactions (and hence on subsidiary operating income, as stated in the functional currency), is mitigated in the near term. In the longer term (greater than 15 months), the subsidiaries are still subject to the effect of translating the functional currency results to United States 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. If the hedge is designated as a highly effective cash flow hedge, the gains or losses are deferred into accumulated other comprehensive income (“AOCI”). The gains or losses from derivative contracts that are designated as highly effective cash flow hedges related to inventory purchases are recorded in cost of products when the inventory is sold to an unrelated third party. Otherwise, they are recorded in earnings when the exchange rates change. As of September 30, 2022 and December 31, 2021, the balance in AOCI related to foreign exchange derivative transactions was zero.

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.

Interest Rate Risk The Company designates Interest Rate Derivative contracts as cash flow hedges of forecasted transactions when they are determined to be highly effective at inception.

We utilize interest rate swap contracts or interest rate cap agreements to add stability to interest cost and to manage exposure to interest rate movements as part of our interest rate risk management strategy. Payments and receipts related to Interest Rate Derivatives are included in cash flows from operating activities in the Condensed Consolidated Statements of Cash Flows.

In January 2022, the Company executed a $250 million notional amount interest rate swap contract originally terminating on January 1, 2025. The interest rate swap contract had a fixed rate of 1.43% and was designated as a cash flow hedge of floating interest rate cost associated with the Company's U.S. Dollar vault cash agreements.

In March 2022, the Company terminated the outstanding $2 billion notional amount interest rate cap agreements maturing in 2024 for proceeds of $64 million. The gains will be recognized ratably through July 1, 2024, corresponding to the term of the original interest rate cap agreements.

In March 2022, the Company executed $2.2 billion aggregate notional amount interest rate swap contracts that began April 1, 2022 and had an original termination date of April 1, 2025. These interest rate swap contracts had fixed rates ranging from 2.078% to 2.443%, and were designated as cash flow hedges of the floating rate interest associated with the Company’s U.S. Dollar and U.K. Pound Sterling vault cash agreements and TLA Facility.

In June 2022, the Company terminated the outstanding $2.4 billion aggregate notional interest rate swap contracts maturing in 2025 for proceeds of $55 million. The gains will be recognized ratably primarily through April 1, 2025, corresponding to the term of the original interest rate swap agreements.

In June 2022, the Company executed $2.4 billion aggregate notional amount interest rate swap contracts effective June 1, 2022 and terminating on April 1, 2025. These interest rate swap contracts have fixed rates ranging from 2.790% to 3.251%, and have been designated as cash flow hedges of the floating rate interest associated with the Company's U.S. Dollar and U.K. Pound Sterling vault cash agreements.

At September 30, 2022, each of our outstanding Interest Rate Derivative agreements were determined to be highly effective. Amounts reported in Accumulated other comprehensive income related to these derivatives will be reclassified to Cost of services as payments are made on the Company’s vault cash rental obligations. Unrealized gains on terminated interest rate swap and cap agreements reported in Accumulated other comprehensive income will be reclassified to Interest expense and Cost of services ratably over terms corresponding to the original agreements, as described above. As of September 30, 2022 and December 31, 2021, the balance in AOCI related to Interest Rate Derivatives was $125 million and $8 million, respectively.

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
	September 30, 2022
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedging instruments
Interest rate swap contracts	Other current assets			$	13	Other current liabilities			$	—
Interest rate swap contracts	Other assets			11		Other liabilities			—
Total derivatives designated as hedging instruments		$	2,375	$	24		$	—	$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets			$	2	Other current liabilities			$	3
Total derivatives not designated as hedging instruments		$	280	$	2		$	391	$	3
Total derivatives				$	26				$	3


	Fair Values of Derivative Instruments
	December 31, 2021
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedging instruments
Interest rate cap contracts	Other Assets	$	2,000	$	18	Other liabilities	$	—	$	—
Total derivatives designated as hedging instruments				$	18				$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets	$	278	$	1	Other current liabilities	$	396	$	1
Total derivatives not designated as hedging instruments				$	1				$	1
Total derivatives				$	19				$	1

The effects of derivative instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2022 and 2021 were as follows:


In millions	Amount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on Derivative Contracts					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 September 30, 2022		For the three months ended September 30, 2021		Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations	For the three months ended September 30, 2022		For the three months ended September 30, 2021
Interest rate contracts	$	77	$	—	Cost of services	$	(4)	$	—
Interest rate contracts	$	—	$	—	Interest expense	$	(5)	$	—


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 nine months ended September 30, 2022		For the nine months ended September 30, 2021		Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations	For the nine months ended September 30, 2022		For the nine months ended September 30, 2021
Interest rate contracts	$	119	$	—	Cost of services	$	2	$	—
Interest rate contracts	$	36	$	—	Interest expense	$	(5)	$	—

As of September 30, 2022, the Company expects to reclassify $45 million of net derivative-related gains contained in Accumulated other comprehensive loss into earnings during the next twelve months.


In millions		Amount of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations
		Three months ended September 30				Nine months ended September 30
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations	2022		2021		2022		2021
Foreign exchange contracts	Other income (expense), net	$	(2)	$	(6)	$	(20)	$	(20)

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 potential losses are adequate. As of September 30, 2022 and December 31, 2021, we did not have any major concentration of credit risk related to financial instruments.

Fair Value of Assets and Liabilities

9 Months Ended

Sep. 30, 2022

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 September 30, 2022 and December 31, 2021 are set forth as follows:


	September 30, 2022
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)	$	17	$	17	$	—	$	—
Foreign exchange contracts (2)	2		—		2		—
Interest rate swap agreements (3)	24		—		24		—
Total	$	43	$	17	$	26	$	—
Liabilities:

Foreign exchange contracts (4)	3		—		3		—
Total	$	3	$	—	$	3	$	—


	December 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)	$	17	$	17	$	—	$	—

Foreign exchange contracts (2)	1		—		1		—
Interest rate cap agreements (3)	18		—		18		—
Total	$	36	$	17	$	19	$	—
Liabilities:

Foreign exchange contracts (4)	$	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 assets and Other assets in the Condensed Consolidated Balance Sheets.

(4) 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 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.

Interest Rate Swap and Cap Agreements In order to add stability to interest expense and operating costs and to manage exposure to interest rate movements the Company utilizes interest rate swap contracts and interest rate cap agreements as part of its interest rate risk management strategy. The interest rate cap agreements are valued using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates rise above the strike rate of the caps. The variable interest rates used in the calculation of projected receipts on the cap are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. The interest rate swap contracts are valued using an income model based on disparity between variable and fixed interest rates, the scheduled balance of underlying principal

outstanding, yield curves, and other information readily available in the market. As such, the interest rate swap contracts and interest rate cap agreements are classified in Level 2 of the fair value hierarchy.

We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we consider the impact of netting and any applicable credit enhancements. We measure the credit risk of our derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio.

Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments utilize Level 3 inputs to evaluate the likelihood of both our own default and counterparty default. As of September 30, 2022, we determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives and therefore, the valuations are classified in Level 2 of the fair value 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 and nine months ended September 30, 2022 and 2021.

- 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

Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive Income (Loss) [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

15. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in Accumulated Other Comprehensive Income (“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, 2021	$	(275)	$	(24)	$	8	$	(291)
Other comprehensive income (loss) before reclassifications	(151)		—		120		(31)
Amounts reclassified from AOCI	—		(1)		(3)		(4)
Net current period other comprehensive (loss) income	(151)		(1)		117		(35)
Balance as of September 30, 2022	$	(426)	$	(25)	$	125	$	(326)

Reclassifications Out of AOCI


		For the three months ended September 30, 2022
		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	—		—		(4)		(4)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(5)		(5)
	Total before tax	$	—	$	—	$	(9)	$	(9)
	Tax expense							1
	Total reclassifications, net of tax							$	(8)


		For the three months ended September 30, 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	—		—		—		—
	Selling, general and administrative expenses	—		(1)		—		(1)
	Research and development expenses	—		1		—		1

	Total before tax	$	—	$	—	$	—	$	—
	Tax expense							—
	Total reclassifications, net of tax							$	—


		For the nine months ended September 30, 2022
		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)		2		1
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(5)		(5)
	Total before tax	$	—	$	(1)	$	(3)	$	(4)
	Tax expense							—
	Total reclassifications, net of tax							$	(4)


		For the nine months ended September 30, 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)
	Selling, general and administrative expenses	—		(1)		—		(1)
	Research and development expenses	—		1		—		1

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

Supplemental Financial Information

9 Months Ended

Sep. 30, 2022

Supplemental Financial Information [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

The components of accounts receivable are summarized as follows:


In millions	September 30, 2022		December 31, 2021
Accounts receivable
Trade	$	1,087	$	939
Other	58		44
Accounts receivable, gross	1,145		983
Less: allowance for credit losses	(29)		(24)
Total accounts receivable, net	$	1,116	$	959

Our allowance for credit losses as of September 30, 2022 and December 31, 2021 was $29 million and $24 million, respectively. The impact to our allowance for credit losses for the three and nine months ended September 30, 2022 was an expense of $7 million and $15 million, respectively. We continue to evaluate our reserves in light of the age and quality of our outstanding accounts receivable, risks to specific industries or countries, as well as the COVID-19 pandemic, and adjust the reserves accordingly. The impact to our allowance for credit losses for the the three months ended September 30, 2021 was a benefit of $2 million and for the nine months ended September 30, 2021 was an expense of $1 million. The Company recorded write-offs against the reserve for the three months ended September 30, 2022 and 2021 of $4 million and $7 million, respectively. The Company recorded write-offs against the reserve for the nine months ended September 30, 2022 and 2021 of $10 million and $21 million, respectively.

The components of inventory are summarized as follows:


In millions	September 30, 2022		December 31, 2021
Inventories
Work in process and raw materials	$	113	$	184
Finished goods	299		185
Service parts	415		385
Total inventories	$	827	$	754

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
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 2021 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, 2021.
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 variants of the coronavirus (COVID-19) pandemic, macroeconomic pressures and geopolitical challenges. The ultimate impact on our overall financial condition and operating results will depend on the currently unknowable duration and severity of the pandemic, supply chain challenges and cost escalations including materials, interest, labor and freight, and any additional governmental and public actions taken in response. As a result, our accounting estimates and assumptions may change over time as a consequence of the effects of COVID-19 and other external factors. 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. Other than the items discussed within the Notes to Condensed Consolidated Financial Statements, no matters were identified that required adjustment to the Condensed Consolidated Financial Statements or additional disclosure.
Reclassifications	Reclassifications Certain prior-period amounts have been reclassified in the accompanying Condensed Consolidated Financial Statements and Notes thereto in order to conform to the current period presentation. Reclassifications had no effect on prior year net income or shareholders’ equity.
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 September 30, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $3.7 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 three elections that affect the value of remaining performance obligations described above. We do not disclose remaining performance obligations for contracts where variable consideration is directly allocated based on usage or when the original expected duration is one year or less. Additionally, we do not disclose remaining performance obligations for contracts where we recognize revenue from the satisfaction of the performance obligation in accordance with the 'right to invoice' practical expedient.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adoption of New Accounting Pronouncements In August 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, with new guidance for convertible preferred stock, which eliminates considerations related to the beneficial conversion feature model. The standard also requires entities to use an average stock price when calculating the denominator for diluted earnings per share 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 was 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 did not have a material effect on the Company's net income, cash flows, earnings per share or financial condition. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options, with new guidance for freestanding equity-classified written call options. The new guidance requires issuers to account for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after the modification or exchange based on the economic substance of the modification or exchange. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021, with early adoption permitted. The adoption of this accounting standards update did not have a material effect on the Company's net income, cash flows, earnings per share or financial condition. In March 2022, the SEC staff released Staff Accounting Bulletin No. 121 (“SAB 121”), which expressed the views of the SEC staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for users of its crypto platform. This guidance requires entities that hold crypto-assets on behalf of platform users to recognize a liability to reflect the entity’s obligation to safeguard the crypto-assets held for its platform users. The liability should be measured at initial recognition and each reporting date at the fair value of the crypto-assets that the entity is responsible for holding for its platform users. The entity should also recognize an asset at the same time that it recognizes the safeguarding liability, measured at initial recognition and each reporting date at the fair value of the crypto-assets held for its platform users. SAB 121 also includes guidance on disclosures related to the Company’s safeguarding of crypto-assets. This guidance is effective from the first interim or annual period after June 15, 2022 and should be applied retrospectively to the beginning of the fiscal year to which the interim or annual period relates. The Company adopted this guidance in the interim period ending June 30, 2022; however, as the Company is not currently offering digital asset safeguarding services to its customers, the adoption of this guidance did not have an impact on the Company’s net income, cash flows, earnings per share or financial condition. Although there are several other new accounting pronouncements issued by the FASB and adopted by or effective for the Company, the Company does not believe any of these accounting pronouncements had a material impact on its consolidated financial statements. Accounting Pronouncements Issued But Not Yet Adopted In October 2021, the FASB issued accounting standards update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, with new guidance for contract assets and contract liabilities acquired in a business combination. The new guidance requires contract assets and contract liabilities, such as deferred revenue, acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers. Prior to the issuance of this guidance, contract assets and contract liabilities were recognized by the acquirer at fair value on the acquisition date. The accounting standards update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted and should be applied prospectively to acquisitions occurring on or after the effective date. The Company does not expect to early adopt the new accounting standards update. 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. Although there are several other new accounting pronouncements issued by the FASB and not yet adopted by or effective for the Company, the Company does not believe any of these accounting pronouncements will have a material impact on its consolidated financial statements.

- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130561-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 20
-Subparagraph (d)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130563-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-URI https://asc.fasb.org/topic&trid=49130388

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
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-Paragraph 4
-Subparagraph (e)
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-Section 50
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-Subparagraph (b)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
-Paragraph 19
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130564-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

+ Details

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

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

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		September 30
	Balance Sheet Location	2022		2021
Cash and cash equivalents	Cash and cash equivalents	$	434	$	383
Short term restricted cash	Restricted cash	7		—
Long term restricted cash	Other assets	9		6
Funds held for client	Restricted cash	42		41
Cash included in settlement processing assets	Restricted cash	253		205
Total cash, cash equivalents and restricted cash		$	745	$	635

Schedule of Net Contract Assets and Contract Liabilities Balances

The following table presents the net contract liability balances as of September 30, 2022 and December 31, 2021.


In millions	Location in the Condensed Consolidated Balance Sheet	September 30, 2022		December 31, 2021
Current portion of contract liabilities	Contract liabilities	$	507	$	516
Non-current portion of contract liabilities	Other liabilities	$	56	$	69

Business Combinations (Tables)

9 Months Ended

Sep. 30, 2022

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The preliminary allocation of the purchase price is as follows:


In millions	Fair Value
Cash acquired	$	2
Tangible assets acquired	3
Acquired intangible assets other than goodwill	38
Acquired goodwill	41
Deferred tax liabilities	(11)
Liabilities assumed	(4)
Total purchase consideration	$	69

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

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


	Fair Value		Weighted Average Amortization Period (1)
	(In millions)		(In years)
Direct customer relationships	$	5	10
Technology - Software	30		13
Non-compete	1		1
Tradenames	2		2
Total acquired intangible assets	$	38

Business Acquisition, Pro Forma Information

The unaudited pro forma consolidated results of operations, assuming the acquisition had occurred on January 1, 2020, are as follows:


In millions	Three months ended September 30		Nine months ended September 30
	2021		2021
Revenue	$	1,901	$	5,632
Net Income attributable to NCR	$	12	$	81

Goodwill and Purchased Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

The carrying amounts of goodwill by segment as of September 30, 2022 and December 31, 2021 are included in the table below. Foreign currency fluctuations are included within other adjustments.


	December 31, 2021												September 30, 2022
In millions	Goodwill		Accumulated Impairment		Total		Additions		Impairment		Other		Goodwill		Accumulated Impairment		Total

Retail	$	1,015	$	(34)	$	981	$	—	$	—	$	(20)	$	995	$	(34)	$	961
Hospitality	292		(23)		269		—		—		(5)		287		(23)		264
Digital Banking	595		—		595		—		—		6		601		—		601
Payments & Network	988		—		988		51		—		8		1,047		—		1,047
Self-Service Banking	1,635		(101)		1,534		—		—		13		1,648		(101)		1,547
Other(1)	163		(11)		152		—		—		—		163		(11)		152
Total goodwill	$	4,688	$	(169)	$	4,519	$	51	$	—	$	2	$	4,741	$	(169)	$	4,572

(1) Other segment includes the goodwill associated with our Technology & Telecommunications reporting unit.

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)	September 30, 2022				December 31, 2021
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	1,113	$	(449)	$	1,126	$	(391)
Intellectual property	2 - 8	1,022		(537)		1,008		(474)
Customer contracts	8	89		(89)		89		(89)
Tradenames	1 - 10	127		(92)		130		(83)
Total identifiable intangible assets		$	2,351	$	(1,167)	$	2,353	$	(1,037)

Schedule of Aggregate Amortization Expense

Amortization expense related to identifiable intangible assets for the following periods is:.


	Three months ended September 30				Nine months ended September 30
In millions	2022		2021		2022		2021
Amortization expense	$	44	$	45	$	130	$	88

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


			For the years ended December 31
In millions	Remainder of 2022		2023		2024		2025		2026		2027
Amortization expense	$	44	$	174	$	163	$	151	$	141	$	125

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=121556970&loc=SL108378252-109267

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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-Paragraph 1
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-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 55
-Paragraph 24
-URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Segment Information and Concentrations (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30				Nine months ended September 30
	2022		2021		2022		2021
Revenue by segment
Retail	$	575	$	541	$	1,683	$	1,623
Hospitality	238		224		687		618
Digital Banking	137		128		404		380
Payments & Network	336		304		967		380
Self-Service Banking	640		637		1,930		1,910
Other	58		75		187		229
Eliminations	(12)		(8)		(32)		(18)
Total segment revenue	$	1,972	$	1,901	$	5,826	$	5,122
Other adjustment (1)	—		—		9		—
Consolidated revenue	$	1,972	$	1,901	$	5,835	$	5,122

Adjusted EBITDA by segment
Retail	$	128	$	104	$	299	$	323
Hospitality	51		44		138		119
Digital Banking	60		52		172		161
Payments & Network	114		111		309		133
Self-Service Banking	150		155		404		432
Corporate and Other	(112)		(109)		(307)		(265)
Eliminations	(11)		(5)		(25)		(12)
Total Adjusted EBITDA	$	380	$	352	$	990	$	891

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


In millions	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Net income (loss) from continuing operations attributable to NCR	$	69	$	12	$	71	$	33
Transformation and restructuring costs	17		5		93		20
Acquisition-related amortization of intangibles	44		45		130		88
Acquisition-related costs	1		9		9		92
Loss on debt extinguishment	—		42		—		42
Interest expense	74		68		204		174
Interest income	(3)		—		(6)		(4)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	107		104		314		250
Income tax expense (benefit)	43		29		56		77
Stock-based compensation expense	28		38		97		119

Russia	—		—		22		—
Total Adjusted EBITDA	$	380	$	352	$	990	$	891

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area

The following table presents revenue by geography for NCR:


In millions	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Americas	$	1,320	$	1,185	$	3,777	$	3,121
Europe, Middle East and Africa (EMEA)	403		494		1,367		1,358
Asia Pacific (APJ)	249		222		691		643
Total revenue	$	1,972	$	1,901	$	5,835	$	5,122

Schedule of Revenues from Products and Services

The following table presents the recurring revenue for NCR:


In millions	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Recurring revenue (1)	$	1,222	$	1,181	$	3,618	$	2,984
All other products and services	750		720		2,217		2,138
Total revenue	$	1,972	$	1,901	$	5,835	$	5,122

Debt Obligations (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt Obligations

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


		September 30, 2022			December 31, 2021
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)		$	105	5.01%	$	56	2.63%
Other (1)		1		4.60%	1		2.13%
	Total short-term borrowings	$	106		$	57
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facility (1)	$	1,805	5.12%	$	1,884	2.63%
	Revolving credit facility (1)	558		5.20%	380		2.36%
Senior notes:

	5.750% Senior Notes due 2027	500			500
	5.000% Senior Notes due 2028	650			650
	5.125% Senior Notes due 2029	1,200			1,200
	6.125% Senior Notes due 2029	500			500
	5.250% Senior Notes due 2030	450			450
Deferred financing fees		(52)			(60)
Other (1)		—			1		6.62%
	Total long-term debt	$	5,611		$	5,505

(1) Interest rates are weighted-average interest rates as of September 30, 2022 and December 31, 2021.

Stock Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30				Nine months ended September 30
	2022		2021		2022		2021
Restricted stock units	$	22	$	30	$	76	$	96
Stock options	4		6		14		17
Employee stock purchase plan	2		2		7		6
Stock-based compensation expense	28		38		97		119
Tax benefit	(5)		(5)		(13)		(14)
Stock-based compensation expense (net of tax)	$	23	$	33	$	84	$	105

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.



Dividend yield	—	%
Risk-free interest rate	1.73	%
Expected volatility	59.26	%

Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Schedule of Defined Benefit Plans Disclosures

Components of net periodic benefit cost (income) of the pension plans for the three months ended September 30 were as follows:


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2022		2021		2022		2021		2022		2021
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	10		9		3		2		13		11
Expected return on plan assets	(17)		(8)		(6)		(6)		(23)		(14)
Amortization of prior service cost	—		—		—		1		—		1
Net periodic benefit cost (income)	$	(7)	$	1	$	(2)	$	(2)	$	(9)	$	(1)

Components of net periodic benefit cost (income) of the pension plans for the nine months ended September 30 were as follows:


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2022		2021		2022		2021		2022		2021
Net service cost	$	—	$	—	$	3	$	4	$	3	$	4
Interest cost	30		26		9		6		39		32
Expected return on plan assets	(50)		(23)		(20)		(18)		(70)		(41)
Amortization of prior service cost	—		—		—		1		—		1
Net periodic benefit cost (income)	$	(20)	$	3	$	(8)	$	(7)	$	(28)	$	(4)

Schedule of Net Benefit Costs

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


In millions	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Interest cost	$	—	$	—	$	—	$	—
Amortization of:
Prior service benefit	—		—		—		—
Actuarial loss	1		1		1		1
Net postretirement benefit	$	1	$	1	$	1	$	1

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


	Three months ended September 30				Nine months ended September 30
In millions	2022		2021		2022		2021
Net service cost	$	8	$	4	$	57	$	13
Interest cost	1		—		2		1
Amortization of:
Prior service benefit	—		(1)		(1)		(2)
Actuarial gain	(1)		(1)		(1)		(1)
Net benefit cost	$	8	$	2	$	57	$	11

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Product Warranty Liability

The Company recorded the activity related to the warranty reserve for the nine months ended September 30, 2022 as follows:


In millions	2022		2021
Warranty reserve liability
Beginning balance as of January 1	$	19	$	18
Accruals for warranties issued	14		20
Settlements (in cash or in kind)	(19)		(20)
Ending balance as of September 30	$	14	$	18

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30				Nine months ended September 30
	2022		2021		2022		2021
Numerator:
Income (loss) from continuing operations	$	69	$	12	$	71	$	33
Dividends on Series A Convertible Preferred Stock	(4)		(4)		(12)		(12)

Income (loss) from continuing operations attributable to NCR common stockholders	65		8		59		21
Income from discontinued operations, net of tax	—		—		5		—
Net income (loss) attributable to NCR common stockholders	$	65	$	8	$	64	$	21

Denominator:
Basic weighted average number of shares outstanding	137.0		131.5		136.4		130.8

Basic earnings per share:
From continuing operations	$	0.47	$	0.06	$	0.43	$	0.16
From discontinued operations	—		—		0.04		—
Total basic earnings per share	$	0.47	$	0.06	$	0.47	$	0.16

The components of diluted earnings per share are as follows:


In millions, except per share amounts	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Numerator:
Income (loss) from continuing operations	$	69	$	12	$	71	$	33
Dividends on Series A Convertible Preferred Stock	(4)		(4)		(12)		(12)

Income (loss) from continuing operations attributable to NCR common stockholders	65		8		59		21
Income from discontinued operations, net of tax	—		—		5		—
Net income (loss) attributable to NCR common stockholders	$	65	$	8	$	64	$	21

Denominator:
Basic weighted average number of shares outstanding	137.0		131.5		136.4		130.8


Dilutive effect of restricted stock units and stock options	3.3		6.3		4.5		6.3
Weighted average diluted shares	140.3		137.8		140.9		137.1

Diluted earnings per share:
From continuing operations	$	0.46	$	0.06	$	0.42	$	0.15
From discontinued operations	—		—		0.03		—
Total diluted earnings per share	$	0.46	$	0.06	$	0.45	$	0.15

Derivatives and Hedging Instruments (Tables)

9 Months Ended

Sep. 30, 2022

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
	September 30, 2022
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedging instruments
Interest rate swap contracts	Other current assets			$	13	Other current liabilities			$	—
Interest rate swap contracts	Other assets			11		Other liabilities			—
Total derivatives designated as hedging instruments		$	2,375	$	24		$	—	$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets			$	2	Other current liabilities			$	3
Total derivatives not designated as hedging instruments		$	280	$	2		$	391	$	3
Total derivatives				$	26				$	3


	Fair Values of Derivative Instruments
	December 31, 2021
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedging instruments
Interest rate cap contracts	Other Assets	$	2,000	$	18	Other liabilities	$	—	$	—
Total derivatives designated as hedging instruments				$	18				$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets	$	278	$	1	Other current liabilities	$	396	$	1
Total derivatives not designated as hedging instruments				$	1				$	1
Total derivatives				$	19				$	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 Contracts					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 September 30, 2022		For the three months ended September 30, 2021		Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations	For the three months ended September 30, 2022		For the three months ended September 30, 2021
Interest rate contracts	$	77	$	—	Cost of services	$	(4)	$	—
Interest rate contracts	$	—	$	—	Interest expense	$	(5)	$	—


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 nine months ended September 30, 2022		For the nine months ended September 30, 2021		Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations	For the nine months ended September 30, 2022		For the nine months ended September 30, 2021
Interest rate contracts	$	119	$	—	Cost of services	$	2	$	—
Interest rate contracts	$	36	$	—	Interest expense	$	(5)	$	—

Derivatives Not Designated as Hedging Instruments


In millions		Amount of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations
		Three months ended September 30				Nine months ended September 30
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations	2022		2021		2022		2021
Foreign exchange contracts	Other income (expense), net	$	(2)	$	(6)	$	(20)	$	(20)

Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30, 2022 and December 31, 2021 are set forth as follows:


	September 30, 2022
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)	$	17	$	17	$	—	$	—
Foreign exchange contracts (2)	2		—		2		—
Interest rate swap agreements (3)	24		—		24		—
Total	$	43	$	17	$	26	$	—
Liabilities:

Foreign exchange contracts (4)	3		—		3		—
Total	$	3	$	—	$	3	$	—


	December 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)	$	17	$	17	$	—	$	—

Foreign exchange contracts (2)	1		—		1		—
Interest rate cap agreements (3)	18		—		18		—
Total	$	36	$	17	$	19	$	—
Liabilities:

Foreign exchange contracts (4)	$	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 assets and Other assets in the Condensed Consolidated Balance Sheets.

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

Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule of Changes in AOCI by Component

Changes in Accumulated Other Comprehensive Income (“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, 2021	$	(275)	$	(24)	$	8	$	(291)
Other comprehensive income (loss) before reclassifications	(151)		—		120		(31)
Amounts reclassified from AOCI	—		(1)		(3)		(4)
Net current period other comprehensive (loss) income	(151)		(1)		117		(35)
Balance as of September 30, 2022	$	(426)	$	(25)	$	125	$	(326)

Reclassification out of AOCI

Reclassifications Out of AOCI


		For the three months ended September 30, 2022
		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	—		—		(4)		(4)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(5)		(5)
	Total before tax	$	—	$	—	$	(9)	$	(9)
	Tax expense							1
	Total reclassifications, net of tax							$	(8)


		For the three months ended September 30, 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	—		—		—		—
	Selling, general and administrative expenses	—		(1)		—		(1)
	Research and development expenses	—		1		—		1

	Total before tax	$	—	$	—	$	—	$	—
	Tax expense							—
	Total reclassifications, net of tax							$	—


		For the nine months ended September 30, 2022
		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)		2		1
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(5)		(5)
	Total before tax	$	—	$	(1)	$	(3)	$	(4)
	Tax expense							—
	Total reclassifications, net of tax							$	(4)


		For the nine months ended September 30, 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)
	Selling, general and administrative expenses	—		(1)		—		(1)
	Research and development expenses	—		1		—		1

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

Supplemental Financial Information (Tables)

9 Months Ended

Sep. 30, 2022

Supplemental Financial Information [Abstract]

Schedule of Components of Accounts Receivable

The components of accounts receivable are summarized as follows:


In millions	September 30, 2022		December 31, 2021
Accounts receivable
Trade	$	1,087	$	939
Other	58		44
Accounts receivable, gross	1,145		983
Less: allowance for credit losses	(29)		(24)
Total accounts receivable, net	$	1,116	$	959

Schedule of Components of Inventory

The components of inventory are summarized as follows:


In millions	September 30, 2022		December 31, 2021
Inventories
Work in process and raw materials	$	113	$	184
Finished goods	299		185
Service parts	415		385
Total inventories	$	827	$	754

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Loss recognized	$ 22
Revenue recognized that was included in contract liabilities	365	$ 406
Remaining performance obligations	$ 3,700
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction	12 months
Remaining performance obligation, percentage	75.00%

Basis of Presentation and Summary of Significant Accounting Policies - Cash and Cash equivalents (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	$ 434	$ 447	$ 383
Restricted Cash and Cash Equivalents, Current, Statement of Financial Position [Extensible Enumeration]	Restricted cash	Restricted cash
Short term restricted cash	$ 7	$ 0
Long term restricted cash	9		6
Funds held for client	42		41
Cash included in settlement processing assets	253		205
Total cash, cash equivalents and restricted cash	$ 745		$ 635

Basis of Presentation and Summary of Significant Accounting Policies - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Current portion of contract liabilities	$ 507	$ 516
Non-current portion of contract liabilities	$ 56	$ 69

Business Combinations - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions			3 Months Ended	9 Months Ended
	Jul. 01, 2022	Jan. 05, 2022	Sep. 30, 2022	Sep. 30, 2021	Jun. 21, 2021
Business Acquisition [Line Items]
Debt stated interest rate			5.125%
LibertyX
Business Acquisition [Line Items]
Share consideration value		$ 1.0
Shares issued (in shares)		1.4
Acquired share price (in dollars per share)		$ 42.13
Number of shares converted (in shares)		0.2
Total purchase consideration		$ 69.0
Cardtronics
Business Acquisition [Line Items]
Acquired share price (in dollars per share)					$ 39.00
Eliminated intercompany revenue				$ 53.0
Additional amortization expense for acquired intangible assets				25.0
Transactions costs				87.0
Additional interest expense from incremental borrowings				$ 35.0
FIS Payment Solutions & Services Private Limited
Business Acquisition [Line Items]
Total purchase consideration	$ 19.0
Payments to Acquire Businesses, Gross			$ 12.0

Business Combinations - Preliminary Allocation of Purchase Price (Details) - USD ($) $ in Millions		9 Months Ended
	Jan. 05, 2022	Sep. 30, 2022
Business Acquisition [Line Items]
Acquired goodwill		$ 51
LibertyX
Business Acquisition [Line Items]
Cash acquired	$ 2
Tangible assets acquired	3
Acquired intangible assets other than goodwill	38
Acquired goodwill	41
Deferred tax liabilities	(11)
Liabilities assumed	(4)
Total purchase consideration	$ 69

Business Combinations - Components of Intangible Assets Acquired (Details) - LibertyX $ in Millions	Jan. 05, 2022 USD ($)
Business Acquisition [Line Items]
Fair Value	$ 38
Direct customer relationships
Business Acquisition [Line Items]
Fair Value	$ 5
Weighted Average Amortization Period	10 years
Technology - Software
Business Acquisition [Line Items]
Fair Value	$ 30
Weighted Average Amortization Period	13 years
Non-compete
Business Acquisition [Line Items]
Fair Value	$ 1
Weighted Average Amortization Period	1 year
Tradenames
Business Acquisition [Line Items]
Fair Value	$ 2
Weighted Average Amortization Period	2 years

Business Combinations - Pro Forma Information (Details) - Cardtronics - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Business Acquisition [Line Items]
Revenue	$ 1,901	$ 5,632
Net Income attributable to NCR	$ 12	$ 81

Goodwill and Purchased Intangible Assets - Goodwill by Segments (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 4,688
Accumulated Impairment, beginning balance	(169)
Total beginning balance	4,519
Acquired goodwill	51
Impairment	0
Other	2
Goodwill, ending balance	4,741
Accumulated Impairment, ending balance	(169)
Total	4,572
Retail
Goodwill [Roll Forward]
Goodwill, beginning balance	1,015
Accumulated Impairment, beginning balance	(34)
Total beginning balance	981
Acquired goodwill	0
Impairment	0
Other	(20)
Goodwill, ending balance	995
Accumulated Impairment, ending balance	(34)
Total	961
Hospitality
Goodwill [Roll Forward]
Goodwill, beginning balance	292
Accumulated Impairment, beginning balance	(23)
Total beginning balance	269
Acquired goodwill	0
Impairment	0
Other	(5)
Goodwill, ending balance	287
Accumulated Impairment, ending balance	(23)
Total	264
Digital Banking
Goodwill [Roll Forward]
Goodwill, beginning balance	595
Accumulated Impairment, beginning balance	0
Total beginning balance	595
Acquired goodwill	0
Impairment	0
Other	6
Goodwill, ending balance	601
Accumulated Impairment, ending balance	0
Total	601
Payments & Network
Goodwill [Roll Forward]
Goodwill, beginning balance	988
Accumulated Impairment, beginning balance	0
Total beginning balance	988
Acquired goodwill	51
Impairment	0
Other	8
Goodwill, ending balance	1,047
Accumulated Impairment, ending balance	0
Total	1,047
Self-Service Banking
Goodwill [Roll Forward]
Goodwill, beginning balance	1,635
Accumulated Impairment, beginning balance	(101)
Total beginning balance	1,534
Acquired goodwill	0
Impairment	0
Other	13
Goodwill, ending balance	1,648
Accumulated Impairment, ending balance	(101)
Total	1,547
Other
Goodwill [Roll Forward]
Goodwill, beginning balance	163
Accumulated Impairment, beginning balance	(11)
Total beginning balance	152
Acquired goodwill	0
Impairment	0
Other	0
Goodwill, ending balance	163
Accumulated Impairment, ending balance	(11)
Total	$ 152

Goodwill and Purchased Intangible Assets - Purchased Intangible Assets (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,351	$ 2,353
Accumulated Amortization	(1,167)	(1,037)
Direct customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,113	1,126
Accumulated Amortization	$ (449)	(391)
Direct customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	1 year
Direct customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	20 years
Intellectual property
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,022	1,008
Accumulated Amortization	$ (537)	(474)
Intellectual property \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	2 years
Intellectual property \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	8 years
Customer contracts
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	8 years
Gross Carrying Amount	$ 89	89
Accumulated Amortization	(89)	(89)
Tradenames
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	127	130
Accumulated Amortization	$ (92)	$ (83)
Tradenames \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	1 year
Tradenames \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	10 years

Goodwill and Purchased Intangible Assets - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 44	$ 45	$ 130	$ 88
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2022	44		44
2023	174		174
2024	163		163
2025	151		151
2026	141		141
2027	$ 125		$ 125

Segment Information and Concentrations - Revenue and Operating Income By Segments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Total revenue	$ 1,972	$ 1,901	$ 5,835	$ 5,122
Adjusted EBITDA by segment	380	352	990	891
Revenue Attributable to Russia Operations		14		33
Russia Conflict
Segment Reporting Information [Line Items]
Total revenue	0	0	9	0
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	1,972	1,901	5,826	5,122
Adjusted EBITDA by segment	380	352	990	891
Retail \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	575	541	1,683	1,623
Adjusted EBITDA by segment	128	104	299	323
Hospitality \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	238	224	687	618
Adjusted EBITDA by segment	51	44	138	119
Digital Banking \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	137	128	404	380
Adjusted EBITDA by segment	60	52	172	161
Payments & Network \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	336	304	967	380
Adjusted EBITDA by segment	114	111	309	133
Self-Service Banking \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	640	637	1,930	1,910
Adjusted EBITDA by segment	150	155	404	432
Other \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	58	75	187	229
Adjusted EBITDA by segment	(112)	(109)	(307)	(265)
Eliminations \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	(12)	(8)	(32)	(18)
Adjusted EBITDA by segment	$ (11)	$ (5)	$ (25)	$ (12)

Segment Information and Concentrations - Net Income Reconciled to Adjusted EBITDA (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting [Abstract]
Income (loss) from continuing operations	$ 69	$ 12	$ 71	$ 33
Transformation and restructuring costs	17	5	93	20
Amortization expense	44	45	130	88
Acquisition-related costs	1	9	9	92
Loss on extinguishment of debt	0	42	0	42
Interest expense	74	68	204	174
Interest income	(3)	0	(6)	(4)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	107	104	314	250
Income tax expense (benefit)	43	29	56	77
Stock-based compensation expense	28	38	97	119
Russia	0	0	22	0
Adjusted EBITDA by segment	$ 380	$ 352	$ 990	$ 891

Segment Information and Concentrations - Revenue by Geography (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 1,972	$ 1,901	$ 5,835	$ 5,122
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	1,320	1,185	3,777	3,121
Europe, Middle East and Africa (EMEA)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	403	494	1,367	1,358
Asia Pacific (APJ)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 249	$ 222	$ 691	$ 643

- 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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Segment Information and Concentrations - Revenue by Products and Services (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue from External Customer [Line Items]
Total revenue	$ 1,972	$ 1,901	$ 5,835	$ 5,122
Recurring revenue
Revenue from External Customer [Line Items]
Total revenue	1,222	1,181	3,618	2,984
All other products and services
Revenue from External Customer [Line Items]
Total revenue	$ 750	$ 720	$ 2,217	$ 2,138

- Definition

+ References

+ Details

Debt Obligations - Short-term Borrowings and Long-term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Short-term borrowings	$ 106	$ 57
Long-term debt	5,611	5,505
Deferred financing fees	$ (52)	(60)
Debt stated interest rate	5.125%
Term loan facility
Debt Instrument [Line Items]
Long-term debt	$ 1,805	$ 1,884
Weighted-average interest rate on long-term debt	5.12%	2.63%
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt	$ 558	$ 380
Weighted-average interest rate on long-term debt	5.20%	2.36%
5.750% Senior Notes due 2027
Debt Instrument [Line Items]
Long-term debt	$ 500	$ 500
Debt stated interest rate	5.75%
5.000% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt	$ 650	650
Debt stated interest rate	5.00%
5.125% Senior Notes due 2029
Debt Instrument [Line Items]
Long-term debt	$ 1,200	1,200
Debt stated interest rate	5.125%
6.125% Senior Notes due 2029
Debt Instrument [Line Items]
Long-term debt	$ 500	500
Debt stated interest rate	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	$ 0	$ 1
Weighted-average interest rate on long-term debt		6.62%
Term loan facility
Debt Instrument [Line Items]
Current portion of Senior Secured Credit Facility	$ 105	$ 56
Weighted-average interest rate on short term debt	5.01%	2.63%
Other
Debt Instrument [Line Items]
Short-term borrowings	$ 1	$ 1
Weighted-average interest rate on short term debt	4.60%	2.13%

Debt Obligations - Senior Secured Credit Facility (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Aggregate principal amount of term loan A facility	$ 1,305
Senior secured incremental term loan B facility	750
Long-term debt	5,611	$ 5,505
Letters of credit outstanding	24
Remaining borrowing capacity	$ 718
Quarterly payment of term loan principal amount	0.25%
Quarterly payment of term loan A facility	1.875%
Period One
Debt Instrument [Line Items]
Debt consolidated leverage ratio	5.50
Period Two
Debt Instrument [Line Items]
Debt consolidated leverage ratio	5.25
Period Three
Debt Instrument [Line Items]
Debt consolidated leverage ratio	4.75
Revolving \| Secured Debt
Debt Instrument [Line Items]
Secured revolving credit facility principal amount	$ 1,300
Term loan facility
Debt Instrument [Line Items]
Total term loan balance outstanding	1,910
Long-term debt	1,805	1,884
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt	$ 558	$ 380

Debt Obligations - Fair Value of Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt value of long-term debt	$ 5,060	$ 5,740

Trade Receivables Facility (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Receivables [Abstract]
Trade receivables securitization facility, term			2 years
Accounts receivable sales agreement amount	$ 300
Accounts receivable, sale	300	$ 300
Trade receivables securitization facility, collateral at period end	$ 370	$ 228

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 43	$ 29	$ 56	$ 77
Recognized benefit from provision to return adjustments			7
Benefit related to uncertain tax position settlements			7
Valuation allowance against interest expense deduction carryforwards		34		34
Deferred tax impact of tax law change		$ 14		$ 14
Minimum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	8		8
Maximum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	$ 10		$ 10

- Definition

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

+ References + Details

Stock Compensation Plans - Stock-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement [Abstract]
Restricted stock units	$ 22	$ 30	$ 76	$ 96
Stock options	4	6	14	17
Employee stock purchase plan	2	2	7	6
Stock-based compensation expense	28	38	97	119
Tax benefit	(5)	(5)	(13)	(14)
Stock-based compensation expense (net of tax)	$ 23	$ 33	$ 84	$ 105

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022
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%		1.00%
Maximum contribution by participant percentage	10.00%		10.00%
Stocks purchased by employees during the period (in shares)	0.4	0.2
Discounted price per share of stocks purchased by employees (in dollar per share)	$ 16.16	$ 32.95
Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage			100.00%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility rate term			3 years
Risk-free interest rate period of U.S. Treasury yield			3 years
Performance Shares \| Restricted stock units granted February 23, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	$ 57.67		$ 57.67
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards	$ 151		$ 151
Weighted average period to recognized compensation cost related to unvested awards			1 year
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards	$ 5		$ 5
Weighted average period to recognized compensation cost related to unvested awards			3 months 18 days

Stock Compensation Plans - Valuation Assumptions Used for Restricted Stock Units with a Market Condition (Details) - Performance Shares - Restricted stock units granted February 23, 2021	9 Months Ended
	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%
Risk-free interest rate	1.73%
Expected volatility	59.26%

Employee Benefit Plans - Postemployment Pension Plan (Details) - Total Pension Benefits - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	$ 1	$ 1	$ 3	$ 4
Interest cost	13	11	39	32
Expected return on plan assets	(23)	(14)	(70)	(41)
Amortization of prior service cost	0	1	0	1
Net periodic benefit cost (income)	(9)	(1)	(28)	(4)
U.S. Pension Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	0	0	0	0
Interest cost	10	9	30	26
Expected return on plan assets	(17)	(8)	(50)	(23)
Amortization of prior service cost	0	0	0	0
Net periodic benefit cost (income)	(7)	1	(20)	3
Foreign Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	1	3	4
Interest cost	3	2	9	6
Expected return on plan assets	(6)	(6)	(20)	(18)
Amortization of prior service cost	0	1	0	1
Net periodic benefit cost (income)	$ (2)	$ (2)	$ (8)	$ (7)

Employee Benefit Plans - Postemployment Plan Benefits (Details) - Postretirement Plan - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 0	$ 0	$ 0	$ 0
Amortization of prior service benefit	0	0	0	0
Actuarial loss	1	1	1	1
Net periodic benefit cost (income)	$ 1	$ 1	$ 1	$ 1

Employee Benefit Plans - Postemployment Plan Net Cost (Details) - Postemployment Retirement Benefits - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Net service cost	$ 8	$ 4	$ 57	$ 13
Interest cost	1	0	2	1
Amortization of prior service benefit	0	(1)	(1)	(2)
Amortization of actuarial gain	(1)	(1)	(1)	(1)
Net benefit cost	$ 8	$ 2	$ 57	$ 11

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Postemployment Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer	$ 5		$ 20
Expected future benefit payment, remainder of fiscal year	80		80
Total estimated contributions by employer during fiscal year	60		60
Total Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost (income)	(9)	$ (1)	(28)	$ (4)
Total Pension Benefits \| Foreign Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost (income)	(2)	(2)	(8)	(7)
Plan assets contributions by employer	3		12
Expected future benefit payment, remainder of fiscal year	5		5
Total estimated contributions by employer during fiscal year	17		17
Total Pension Benefits \| U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost (income)	(7)	$ 1	(20)	$ 3
Plan assets contributions by employer	0		0
Expected future benefit payment, remainder of fiscal year	1		1
Total estimated contributions by employer during fiscal year	$ 1		$ 1

- Definition

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

+ References + Details

Commitments and Contingencies - Loss Contingencies (Details) $ in Millions			1 Months Ended	9 Months Ended
	Oct. 27, 2022 USD ($)	Mar. 29, 2018 USD ($) company	Dec. 31, 2021 USD ($)	Sep. 30, 2022 USD ($) entity company	Oct. 31, 2022 USD ($)	Dec. 31, 2013 company	Dec. 31, 2010 defendant affiliateCorporation
Loss Contingencies [Line Items]
Ebina waste disposal percentage; low concentration				96.00%
Ebina waste disposal percentage; high concentration				59.00%
Insurance recoveries			$ 3.0	$ 7.0
Fox River
Loss Contingencies [Line Items]
Number of potentially responsible parties \| entity				8
Threshold amount for environmental cleanup costs				$ 75.0
Percentage of funding obligation under cost sharing agreement				50.00%
Percentage of obligation under cost sharing agreement				60.00%
Receivable under funding agreement			54.0	$ 54.0
Gross loss contingency accrual			4.0	3.0
Net loss contingency accrual			26.0	25.0
Total amount received from settlements with insurance carriers				$ 212.0
Kalamazoo River
Loss Contingencies [Line Items]
Number of additional companies receiving general notice letters \| company				3
Number of additional defendants \| defendant							2
Number of total corporation plaintiffs \| affiliateCorporation							3
Number of companies tried to the court \| company						4
Costs incurred in the pasted related to loss contingency		$ 50.0
Loss contingency, value of damages sought		105.0
Loss contingency, value of damages sought		$ 55.0
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			99.0	$ 93.0
Ebina
Loss Contingencies [Line Items]
Loss contingency accrual			16.0	11.0
Cloud of Change LLC \| Subsequent Event
Loss Contingencies [Line Items]
Ruling against the Company	$ 13.0
Loss contingency, range of possible loss					$ 13.0
Fox River LLC \| Fox River
Loss Contingencies [Line Items]
Funding remainder			$ 0.0	$ 0.0
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%
Minimum \| Kalamazoo River
Loss Contingencies [Line Items]
Anticipated contribution from co-obligors and indemnitors				$ 70.0
Maximum \| Kalamazoo River
Loss Contingencies [Line Items]
Anticipated contribution from co-obligors and indemnitors				$ 150.0

Commitments and Contingencies - Warranty Reserve (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance as of January 1	$ 19	$ 18
Accruals for warranties issued	14	20
Settlements (in cash or in kind)	(19)	(20)
Ending balance as of September 30	$ 14	$ 18

Series A Convertible Preferred Stock (Details) - Series A Convertible Preferred Stock $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares Rate shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) $ / shares Rate shares	Sep. 30, 2021 USD ($)	Dec. 31, 2021 shares
Class of Stock [Line Items]
Dividend rate \| Rate	5.50%		5.50%
Dividend rate for preferred shares; accrued but unpaid dividend	8.00%		8.00%
Cash dividends paid \| $	$ 3	$ 3	$ 11	$ 11
Conversion price per share at option of holder (in dollars per share) \| $ / shares	$ 30.00		$ 30.00
Conversion rate per preferred share			33.333
Financial instruments subject to redemption, settlement terms, maximum number of shares (in shares) \| shares	9.2		9.2		9.2

Earnings Per Share - Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Income (loss) from continuing operations	$ 69	$ 12	$ 71	$ 33
Series A convertible preferred stock dividends	(4)	(4)	(12)	(12)
Income (loss) from continuing operations attributable to NCR common stockholders	65	8	59	21
Income from discontinued operations, net of tax	0	0	5	0
Net income (loss) attributable to NCR common stockholders	$ 65	$ 8	$ 64	$ 21
Denominator:
Weighted average outstanding shares of common stock (in shares)	137.0	131.5	136.4	130.8
Basic earnings per share:
From continuing operations (in dollars per share)	$ 0.47	$ 0.06	$ 0.43	$ 0.16
From discontinued operations (in dollars per share)	0	0	0.04	0
Total basic earnings (loss) per share (in dollars per share)	$ 0.47	$ 0.06	$ 0.47	$ 0.16

Earnings Per Share - Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Income (loss) from continuing operations	$ 69	$ 12	$ 71	$ 33
Dividends on Series A Convertible Preferred Stock	(4)	(4)	(12)	(12)
Income (loss) from continuing operations attributable to NCR common stockholders	65	8	59	21
Income from discontinued operations, net of tax	0	0	5	0
Net income (loss) attributable to NCR common stockholders	$ 65	$ 8	$ 64	$ 21
Denominator:
Weighted average outstanding shares of common stock (in shares)	137.0	131.5	136.4	130.8
Dilutive effect of restricted stock units (in shares)	3.3	6.3	4.5	6.3
Weighted average diluted shares (in shares)	140.3	137.8	140.9	137.1
Diluted earnings per share:
From continuing operations (in dollars per share)	$ 0.46	$ 0.06	$ 0.42	$ 0.15
From discontinued operations (in dollars per share)	0	0	0.03	0
Total diluted earnings (loss) per share (in dollars per share)	$ 0.46	$ 0.06	$ 0.45	$ 0.15

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
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)	9.0	0.1	6.2	4.7
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	9.2	9.2	9.2

Derivatives and Hedging Instruments - Narrative (Details) $ in Millions	1 Months Ended		9 Months Ended
	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2022 USD ($) currency	Jan. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Derivative [Line Items]
Number of functional currencies \| currency			45
Maximum period for cash flow hedging activity			15 months
Total stockholders’ equity			$ 1,446		$ 1,259
Derivative, notional amount	$ 2,400	$ 2,200
Fixed interest rate				1.43%
Proceeds from interest rate cap	$ 55	$ 64
Net derivative-related gains reclassified into earnings			45
Minimum
Derivative [Line Items]
Average variable interest rate	2.79%	2.078%
Maximum
Derivative [Line Items]
Average variable interest rate	3.251%	2.443%
AOCI Attributable to interest rate derivatives
Derivative [Line Items]
Total stockholders’ equity			125		8
Foreign exchange contracts \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative [Line Items]
Total stockholders’ equity			$ 0		$ 0
Swap
Derivative [Line Items]
Derivative, notional amount				$ 250
Terminated Interest Rate Cap
Derivative [Line Items]
Derivative, notional amount	$ 2,400	$ 2,000

Derivatives and Hedging Instruments - Derivative Fair Values (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 26	$ 19
Derivative liabilities, fair value	3	1
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	2,375
Derivative assets, fair value	24	18
Derivative liability, notional amount	0
Derivative liabilities, fair value	0	0
Derivatives designated as hedging instruments \| Interest Rate Cap
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount		2,000
Derivative assets, fair value		18
Derivative liability, notional amount		0
Derivative liabilities, fair value		$ 0
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Other liabilities
Derivatives designated as hedging instruments \| Interest Rate Cap \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount
Derivative assets, fair value	$ 13
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets
Derivatives designated as hedging instruments \| Interest Rate Cap \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, notional amount
Derivative liabilities, fair value	$ 0
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other current liabilities
Derivatives designated as hedging instruments \| Interest Rate Cap \| Other assets
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount
Derivative assets, fair value	$ 11
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Derivatives designated as hedging instruments \| Interest Rate Cap \| Other liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, notional amount
Derivative liabilities, fair value	$ 0
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	$ 280
Derivative assets, fair value	2	$ 1
Derivative liability, notional amount	391
Derivative liabilities, fair value	3	1
Derivatives not designated as hedging instruments \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount		278
Derivative assets, fair value	2	1
Derivative liability, notional amount		396
Derivative liabilities, fair value	$ 3	$ 1
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
(Gain) loss reclassified from AOCI	$ 9	$ 0	$ 3	$ 0
Interest rate contracts \| Cash Flow Hedging \| Cost of services
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized	77	0	119	0
(Gain) loss reclassified from AOCI	(4)	0	2	0
Interest rate contracts \| Cash Flow Hedging \| Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized	0	0	36	0
(Gain) loss reclassified from AOCI	$ (5)	$ 0	$ (5)	$ 0

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Foreign exchange contracts \| Other income (expense), net
Derivative [Line Items]
Derivative instruments not designated as hedging instruments, gain (loss), net	$ (2)	$ (6)	$ (20)	$ (20)

Fair Value of Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment charges	$ 0	$ 0	$ 0	$ 0
Fair Value, Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deposits held in money market mutual funds	17		17		$ 17
Foreign exchange contracts	0		0		0
Interest rate swap agreements	0		0
Total	17		17		17
Foreign exchange contracts	0		0		0
Total	0		0		0
Fair Value, Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Interest Rate Cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements					0
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deposits held in money market mutual funds	0		0		0
Foreign exchange contracts	2		2		1
Interest rate swap agreements	24		24
Total	26		26		19
Foreign exchange contracts	3		3		1
Total	3		3		1
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2) \| Interest Rate Cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements					18
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deposits held in money market mutual funds	0		0		0
Foreign exchange contracts	0		0		0
Interest rate swap agreements	0		0
Total	0		0		0
Foreign exchange contracts	0		0		0
Total	0		0		0
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3) \| Interest Rate Cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements					0
Fair Value, Recurring \| Total
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deposits held in money market mutual funds	17		17		17
Foreign exchange contracts	2		2		1
Interest rate swap agreements	24		24
Total	43		43		36
Foreign exchange contracts	3		3		1
Total	$ 3		$ 3		1
Fair Value, Recurring \| Total \| Interest Rate Cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements					$ 18

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI by Component (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (326)	$ (291)
Other comprehensive income (loss) before reclassifications	(31)
Amounts reclassified from AOCI	(4)
Net current period other comprehensive (loss) income	(35)
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(426)	(275)
Other comprehensive income (loss) before reclassifications	(151)
Amounts reclassified from AOCI	0
Net current period other comprehensive (loss) income	(151)
Changes in Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(25)	(24)
Other comprehensive income (loss) before reclassifications	0
Amounts reclassified from AOCI	(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	125	$ 8
Other comprehensive income (loss) before reclassifications	120
Amounts reclassified from AOCI	(3)
Net current period other comprehensive (loss) income	$ 117

- 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

Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, general and administrative expenses	$ (264)	$ (294)	$ (886)	$ (835)
Research and development expenses	(40)	(69)	(164)	(204)
Interest expense	(74)	(68)	(204)	(174)
Total before tax	69	13	72	35
Tax expense	(43)	(29)	(56)	(77)
Net income (loss) attributable to NCR common stockholders	65	8	64	21
Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(524)	(429)	(1,560)	(1,290)
Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(957)	(952)	(2,902)	(2,442)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, general and administrative expenses	0	(1)	0	(1)
Research and development expenses	0		0	1
Interest expense	(5)		(5)
Total before tax	(9)	0	(4)	(1)
Tax expense	1	0	0	0
Net income (loss) attributable to NCR common stockholders	(8)	0	(4)	(1)
Reclassification out of Accumulated Other Comprehensive Income \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0	0	0
Research and development expenses		1
Reclassification out of Accumulated Other Comprehensive Income \| Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(4)	0	1	(1)
Amortization of Actuarial Loss (Gain) \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, general and administrative expenses	0	0	0	0
Research and development expenses	0		0	0
Interest expense	0		0
Total before tax	0	0	0	0
Amortization of Actuarial Loss (Gain) \| Reclassification out of Accumulated Other Comprehensive Income \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0	0	0
Research and development expenses		0
Amortization of Actuarial Loss (Gain) \| Reclassification out of Accumulated Other Comprehensive Income \| Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0	0	0
Amortization of Prior Service Benefit \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, general and administrative expenses	0	(1)	0	(1)
Research and development expenses	0		0	1
Interest expense	0		0
Total before tax	0	0	(1)	(1)
Amortization of Prior Service Benefit \| Reclassification out of Accumulated Other Comprehensive Income \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0	0	0
Research and development expenses		1
Amortization of Prior Service Benefit \| Reclassification out of Accumulated Other Comprehensive Income \| Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0	(1)	(1)
Changes in Fair Value of Effective Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, general and administrative expenses	0	0	0	0
Research and development expenses	0		0	0
Interest expense	(5)		(5)
Total before tax	(9)	0	(3)	0
Changes in Fair Value of Effective Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0	0	0
Research and development expenses		0
Changes in Fair Value of Effective Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income \| Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	$ (4)	$ 0	$ 2	$ 0

Supplemental Financial Information - Components of Accounts Receivable (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts receivable, gross	$ 1,145	$ 983
Less: allowance for credit losses	(29)	(24)
Total accounts receivable, net	1,116	959
Trade
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts receivable, gross	1,087	939
Other
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts receivable, gross	$ 58	$ 44

Supplemental Financial Information - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Supplemental Financial Information [Abstract]
Allowance for credit losses	$ 29		$ 29		$ 24
Provision for other credit losses	7	$ (2)	15	$ 1
Allowance for credit loss, writeoff	$ 4	$ 7	$ 10	$ 21

Supplemental Financial Information - Components of Inventory (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Inventory, Net [Abstract]
Work in process and raw materials	$ 113	$ 184
Finished goods	299	185
Service parts	415	385
Total inventories	$ 827	$ 754